Business Update - I & PCL commences series production of components for CQB Carbines

SInvestment& Precirion Castings Ltd I You Design, We Cast SRS Corporate Identification No. (CIN): Regd. Office Nari Road, Bhavnagar L27100GJ1975PLC002692 & Works Gujarat, India 364 006 Certified Company Telephone (91) (278) 252 3300 To 04 (91) 70695 80001 / 70695 80002 E-mail direct1 @ipcl.in Website ~ www.ipclin Date: 17.10.2026 BSE Limited Corporate Relationship Department P. J. Towers, Dalal Street Mumbai - 400001 Subject: Business Update — I&PCL Commences Series Production of Components for CQB Carbines Dear Sir/Madam, With reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Investment & Precision Castings Limited (“I&PCL” or “the Company”) wishes to inform that it has successfully completed component development and commenced series production of components for Close Quarter Battle (CQB) carbines against a purchase order received from a domestic defence equipment manufacturer. Supplies are scheduled to commence shortly, in accordance with the customer’s delivery schedule. The progression from development to series production marks an important milestone in 1&PCL’s defence business. It demonstrates the Company’s ability to translate component development into production-stage execution, drawing on its precision component expertise and manufacturing capabilities. This development strengthens I&PCL’s participation in India’s indigenous defence manufacturing supply chain and advances its strategy of expanding its aerospace and defence business through precision-engineered components. The Company is sharing this business update for the information of shareholders and other stakeholders. Particulars Details Product application Components for Close Quarter Battle (CQB) carbines Customer category Domestic defence equipment manufacturer Development status | Completed Production status Series production commenced against a purchase order received Delivery Scheduled for November 2026, in accordance with the commencement customer’s delivery schedule Kindly take the above information on record. Yours faithfully, For Investment & Precision Castings Limited Mr. Jainam P. Tamboli Whole Time Director DIN: 07680976