Updates

WALCHANDNAGAR INDUSTRIES LIMITED Walchandnagar: 413 114, Dist. Pune, Maharashtra, India Tel: 02118-252 235/252 236/252 237/252 238 Fax: 02118-252 584 Website: www.walchand.com Email: wil@walchand.com Ref. No. : WIL: SEC: 2026 Date : October 22, 2026 National Stock Exchange of India Ltd BSE Ltd., Exchange Plaza, 5th floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 Scrip Code : 507410 Scrip Code : WALCHANNAG Dear Sirs, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Admission of Corporate Insolvency Resolution Process (CIRP) against our Customer (JUD Cements Limited). Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform the exchanges that a petition filed by financial creditors for initiating the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) against one of our Customer- JUD Cements Limited, has been admitted by the Hon’ble National Company Law Tribunal (NCLT), Guwahati Bench, vide its order dated 12th October, 2026, which we came to know on 21st October, 2026. The brief details of the transaction and its updated financial status are outlined below: Sr. no. Particulars Status 1 Name of the entity against whom CIRP is initiated JUD Cements Limited, Our Customer 2 Nature of Transaction Manufacture and supply of a highly customized piece of large Machinery for Cement Plant 3 Current Status of Asset The machinery remains undelivered and is currently in the safe physical possession and custody of our Company. 4 Status of Pending Litigation Prior to the initiation of CIRP, the matter was subject to REGD OFFICE: Siddharth Towers (Tower No.1), S.No.12/3-B, Office 908 to 910, Kothrud, Pune- 411 038, Maharashtra, India. Tel: 020-2543 8585 Fax: 020-2543 8585 CIN: L74999PN1908PLC255621 WALCHANDNAGAR INDUSTRIES LIMITED Walchandnagar: 413 114, Dist. Pune, Maharashtra, India Tel: 02118-252 235/252 236/252 237/252 238 Fax: 02118-252 584 Website: www.walchand.com Email: wil@walchand.com active legal proceedings in Guwahati High Court and the proceedings will be stayed under the statutory moratorium under Section 14 of the IBC 5 Financial Impact Assessment & Accounting The total value Recoverable Treatment for the custom machinery was Rs. 1,657/- Lakhs. Post Impairment Rs. 92 Lakhs Only. To protect the interests of stakeholders, the Company highlights the following mitigating factors: 1. Prior Impairment of WIP: In line with prudent accounting policies and in view of the customized nature of the equipment, the Company has already Impaired WIP by Rs. 1,565/- Lakhs in previous financial Years to absorb potential valuation impairments. The current Value of the WIP in the books stands at Rs. 92/- Lakhs only. 2. Alternative Asset Utilization: Technical, commercial and marketing teams will be exploring to sell this machinery as is where is basis or by dismantling, modifying, or salvaging components for alternative clients or scrap realization as may be in the best interest of the company. Consequent to the prior Impairment of WIP and the physical possession of the Machinery with us, the formal admission of the buyer into NCLT is not expected to have any material incremental adverse impact on the current quarter's profitability or the ongoing financial performance of the Company. We request you to take the above information on record. Thanking you, Yours faithfully, For Walchandnagar Industries Ltd. G. S. Agrawal Whole Time Director & Company Secretary DIN: 00404340 REGD OFFICE: Siddharth Towers (Tower No.1), S.No.12/3-B, Office 908 to 910, Kothrud, Pune- 411 038, Maharashtra, India. Tel: 020-2543 8585 Fax: 020-2543 8585 CIN: L74999PN1908PLC255621