Updates

GANGA FORGING LIMITED [CIN: L28910GJ1988PLC011694] Registered Office: Survey No. 55/1 P6/P1/P1, Near Shree Stamping, Village: Sadak-Pipaliya, Tal: Gondal, Dis: Rajkot 360311, Gujarat, India Email: info@gangaforging.com marketing@gangaforging.com URL: www.gangaforging.com Phone: +91 84600 00335 June 27, 2026 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051. Scrip Symbol: GANGAFORGE Dear Sir, Subject: Submission of Letter of Offer for Rights Issue of fully paid-up equity shares of face value of Re. 1/- (“Equity Shares”) of Ganga Forging Limited (the “Company”) This is in continuation to our earlier announcements dated January 6, 2026 and June 25, 2026, wherein the Company had proposed to undertake an issuance of 20,22,03,345 (Twenty Crore Twenty-Two Lakhs Three Thousand Three Hundred and Forty-Five) fully paid-up Equity Shares (“Rights Equity Shares”) at an issue price of Rs. 1.63/- (Rupees One point Six Three Paisa Only) per Rights Equity Share (including a premium of Rs. 0.63/- (Rupees Zero Point Six Three Paisa Only) per Rights Equity Share), aggregating up to Rs. 32,95,91,452 (Rupees Thirty-Two Crore Ninety-Five Lakh Ninety-One Thousand Four Hundred and Fifty-Two Only) to the eligible Equity shareholders of the Company in the ratio of 3 (Three) Rights Equity Shares for every 2 (Two) fully paid-up Equity Shares held by eligible shareholders on the record date i.e., Thursday, July 02, 2026. In this regard, please find enclosed the soft copy of letter of offer dated June 25, 2026 (“Letter of Offer”) which was approved by the Board of Directors of the Company. The Company is submitting the Letter of Offer with the Securities and Exchange Board of India (“SEBI”) and National Stock Exchange of India Limited on June 27, 2026, in compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and Para 1.5 of Chapter 4 of SEBI Master Circular No. (HO/49/14/14(2)2026-CFD-POD2/I/4518/2026) dated February 09, 2026. We request you to kindly take the same on record. Thanking You, Yours Faithfully, For GANGA FORGING LIMITED (DRASHTI VAGHASIYA) Company Secretary & Compliance Officer M. No. A58976 Letter of Offer June 25, 2026 For Eligible Equity Shareholders only GANGA FORGING LIMITED Our Company was originally incorporated as “Ganga Forging Private Limited” under the provisions of the Companies Act, 1956, vide certificate of incorporation issued on December 29, 1988, by the Registrar of Companies, Gujrat. Thereafter, the name of our Company was changed from “Ganga Forging Private Limited” to “Ganga Forging Limited” and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Ahmedabad on October 30, 2017. For details of changes in the name and registered office of our Company, see “General Information” on page 40. Corporate Identity Number: L28910GJ1988PLC011694 Registered Office: Sr. No. 55/1 P6/P1/P1, Near Shree Stamping at: Road Pipaliya Tal: Gondal, Rajkot, Gujarat, India, 360311; Telephone: +91-8460000335 ; Contact Person: Ms. Drashti Arvindbhai Vaghasiya , Company Secretary and Compliance Officer Email: cs@gangaforging.com; Website: www.gangaforging.com OUR PROMOTERS: MR. HIRALAL MAHIDAS TILVA & MR. RAKESH CHHAGANLAL PATEL FOR PRIVATE CIRCULATION TO THE ELIGIBLE EQUITY SHAREHOLDERS OF GANGA FORGING LIMITED (THE “COMPANY” OR THE “ISSUER”) ONLY ISSUE OF UP TO 20,22,03,345* (TWENTY CRORES TWENTY-TWO LAKHS THREE THOUSAND THREE HUNDRED FORTY-FIVE) FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF Re. 1/- (ONE) EACH OF OUR COMPANY (THE “RIGHTS EQUITY SHARES”) FOR CASH AT A PRICE OF Rs. 1.63/- (RUPEES ONE POINT SIX THREE PAISA ONLY) PER RIGHTS EQUITY SHARE (INCLUDING A PREMIUM OF RS. 0.63 (RUPEES ZERO POINT SIX THREE PAISA ONLY) PER EQUITY SHARE) AGGREGATING UP TO RS. 3295.91 LAKHS* ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF OUR COMPANY IN THE RATIO OF 3 (THREE) RIGHTS EQUITY SHARE FOR EVERY 2 (TWO) FULLY PAID-UP EQUITY SHARES HELD BY THE ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS JULY 02, 2026 (“RECORD DATE”) (“ISSUE”). FOR FURTHER INFORMATION PLEASE SEE “ISSUE INFORMATION” ON PAGE * Subject to finalisation of Basis of Allotment. WILFUL DEFAULTERS OR FRAUDULENT BORROWERS Neither our Company, nor our Promoters or our Directors are categorized as Wilful Defaulters or Fraudulent Borrowers (as defined in the section titled “Definition and Abbreviations” on page 1. GENERAL RISKS Investment in equity and equity related securities involve a degree of risk and investors should not invest any funds in this offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this offering. For taking an investment decision, investors must rely on their own examination of our Company and the offer including the risks involved. The Rights Equity Shares have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”) nor does SEBI guarantee the accuracy or adequacy of the contents of this Letter of Offer. Specific attention of investors is invited to the statement of “Risk Factors” on page 16 of this Letter of Offer. ISSUER’S ABSOLUTE RESPONSIBILITY Our Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Letter of Offer contains all information with regard to our Company and the Issue which is material in the context of the Issue, that the information contained in this Letter of Offer is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which make this Letter of Offer as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect. LISTING The existing Equity Shares are listed on the National Stock Exchange of India Limited (“NSE” or “Stock Exchange”). Our Company has received ‘in-principle’ approval from NSE for listing the Rights Equity Shares to be allotted pursuant to this Issue vide its letter dated February 16, 2026 . Our Company will also make an application to the Stock Exchange to obtain the trading approval for the Rights Entitlements as required under the SEBI ICDR Master Circular. For the purpose of this Issue, the Designated Stock Exchange is NSE. REGISTRAR TO THE ISSUE MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) CIN: U67190MH1999PTC118368 C-101, 1st Floor, Embassy 247 , Lal Bahadur Shastri Marg, Vikhroli (West, ), Mumbai City, Mumbai, Maharashtra, India, 400083 Tel: +91 8108114949 E-mail: gangaforging.rights@in.mpms.mufg.com Investor Grievance Email: gangaforging.rights@in.mpms.mufg.com Website: https://in.mpms.mufg.com/ Contact Person: Shanti Gopalakrishnan SEBI Registration No.: INR000004058 ISSUE SCHEDULE LAST DATE FOR CREDIT OF RIGHTS ENTITLEMENTS Friday, July 03, 2026 ISSUE OPENING DATE Friday, July 10, 2026 LAST DATE FOR ON MARKET RENUNCIATION OF RIGHTS ENTITLEMENTS Wednesday, July 15, 2026 DATE OF CLOSURE OF OFF-MARKET TRANSFER OF RIGHTS ENTITLEMENTS* Friday, July 17, 2026 ISSUE CLOSING DATE** Monday, July 20, 2026 FINALISATION OF BASIS OF ALLOTMENT Tuesday, July 21, 2026 DATE OF ALLOTMENT Tuesday, July 21, 2026 DATE OF CREDIT OF RIGHTS EQUITY SHARES Tuesday, July 22, 2026 DATE OF LISTING On or about Wednesday, July 22, 2026 * Eligible Equity Shareholders are requested to ensure that renunciation through off-market transfer is completed in such a manner that the Rights Entitlements are credited to the demat account of the Renouncees on or prior to the Issue Closing Date. ** Our Board or a duly authorized committee thereof will have the right to extend the Issue period as it may determine from time to time [Showing first 8,000 characters — download PDF for full document]