Outcome of Board Meeting

September 25, 2026 To To National Stock Exchange of India Limited, BSE Limited, The Manager, Listing Department, The Corporate Relationship Department “Exchange Plaza”, C-1, Block G, 1st Floor, New Trading Wing, Rotunda Building, Bandra-Kurla Complex, Bandra (E), Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Symbol: WHEELS Scrip code: 590073 Dear Sir / Madam, Subject: Disclosure of the details of allotment in the Issue (as defined hereinafter) by Wheels India Limited (the “Company”) in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, as amended (the “SEBI Listing Regulations”). Re: Qualified institutions placement of equity shares of face value of ₹ 10 each (the “Equity Shares”) by the Company under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), and Sections 42 and 62 of the Companies Act, 2013 (including the rules made thereunder), as amended (the “Issue”). In continuation of our earlier letter dated September 24, 2026 and September 25, 2026 on the captioned subject, we wish to inform you that, in respect of the Issue which opened on September 24, 2026 and closed on September 25, 2026 the Fund raise Committee had at its meeting held today, i.e., September 25, 2026, approved the issue and allotment of 11,97,318 Equity Shares of face value ₹ 10 each to eligible qualified institutional buyers at the issue price of Rs. 2088.00 per Equity Share, i.e. at a premium of ₹ 2078.00per Equity Share, [(which included a discount of Rs. 109.10 ([4.97]% of the floor price) aggregating to Rs. 249,99,99,984 (Rs. Two hundred forty nine crores ninety nine lakhs ninety nine thousand nine hundred eighty four only pursuant to the Issue. Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from Rs. 256650430 consisting of 25665043 Equity Shares to Rs.268623610 consisting of 26862361 Equity Shares having face value of Rs.10. The shareholding pattern of the Company, before and after the Issue, will be submitted along with the listing application in the format specified in Regulation 31 of the SEBI Listing Regulations. PLEASE ADDRESS ALL COMMUNICATIONS TO THE FACTORY Further, find attached herewith the list of allottees who have been allotted more than 5% of the Equity Shares offered in the Issue, marked as Annexure 1. The information as required under Regulation 30 of the SEBI Listing Regulations read with Schedule - III part - A to the SEBI Listing Regulations, SEBI master circular no. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 is as follows: Type of securities issued Equity Shares Type of Issuance Qualified Institutions Placement Total number of securities proposed to 11,97,318 Equity Shares of face value of ₹ 10 each at be issued or the total amount for which a price of ₹ 2088.00 per Equity Share (including a the securities will be issued premium of ₹ 2078.00 per Equity Share) (approximately) The Issue opened on September 24, 2026 and closed on September 25, 2026 and the same was intimated to you through our letters dated September 24, 2026 and September 25, 2026 respectively. The meeting of the Fund Raise Committee commenced at 11.20 PM and concluded at 11.30 P.M. We request you to kindly take this on record. Thanking you. Yours faithfully, For Wheels India Limited K V Lakshmi Company Secretary & Compliance Officer Annexure 1 LIST OF ALLOTTEES WHO HAVE BEEN ALLOTTED MORE THAN 5% OF THE EQUITY SHARES OFFERED IN THE ISSUE Percentage Catego (%) of ry shares allotted to Sr.N No. of the total o. Name of Allottee shares issue size ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE BAL BHAVISHYA Mutual 1 67,051 YOJNA 5.60 funds ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE SPECIAL 10.0 28.0 2 1,20,689 OPPORTUNITIES FUND 8 0 12.3 3 1,47,509 ADITYA BIRLA SUN LIFE MUTUAL FUND - ADITYA BIRLA SUN LIFE SMALL CAP FUND 2 14.0 Mutual 4 167624 MAGNUM EQUITY EX - TOP 100 LONG SHORT FUND 0 28.0 funds 14.0 0 5 167625 SBI BALANCED HYBRID FUND 0 10.0 10.0 Mutual ALTIVA HYBRID LONG-SHORT FUND 119731 0 0 funds 7 WHITEOAK CAPITAL MULTI CAP FUND 31130 2.60 Mutual 8.00 funds 8 WHITEOAK CAPITAL FLEXI CAP FUND 64655 5.40 Foreign Portfoli 9 8.00 o Investo ASHOKA INDIA EQUITY INVESTMENT TRUST PLC 95785 8.00 r