The Company has signed a Business Transfer Agreement with IPR Eminox Technologies Private Limited for Purchase of Manufacturing business on a going concern basis through slump sale.

\\Online Submission\\ IPR/SE/013/2025-26 June 22, 2026 BSE Limited, P.J Towers, Dalal Street, Mumbai-400001. Stock Code: 523638 Dear Sir/Madam, Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR”) – Business Agreement for Purchase of Manufacturing business through Slump Sale. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform that the Company has signed a Business Transfer Agreement with IPR Eminox Technologies Private Limited, the Joint Venture Company for purchase of its manufacturing business on a going concern basis through slump sale on such terms and conditions as detailed in the Business Transfer Agreement (including any amendments or modifications thereto). The details as required under the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, forms part of the intimation, which is attached as Annexure – A to this letter. This intimation is also being uploaded on the Company’s website at https://iprings.com/investors/ Kindly take the above information on record. Thanking you, For IP Rings Limited M. Sathyanarayanan Company Secretary Encl: As above IP Rings Ltd. . . D11 /12, Industrial Estate, Moroimoloi Nogor -603 209, Chengalpattu D1stnct, Tamil Nodu, Indio. Phone: +91-44-27452816, www.iprings.com CIN : L28920TN 1991 PLC020232 ANNEXURE-A Disclosure pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 relating to execution of Business Transfer agreement and Licensing & Technical support Agreement among the Company and IPR Eminox Technologies Private Limited (“the JV Company”) Disclosures in relation to Business Transfer agreement and Licensing & Technical support Agreement among the Company and its JV Company S.No Particulars Disclosure 1 Details of the counterparties (including IP Rings Limited (IP Rings / Purchaser) and IPR name and relationship with the listed Eminox Technologies Private Limited (IPR entity) Eminox/ Seller) (Joint Venture Company) 2 purpose of entering into the agreement; The parties have entered into a business transfer agreement to purchase the manufacturing division of IPR Eminox which manufactures Exhaust After Treatment Systems through Slump Sale. The Company has also entered into and Licensing and Technical Support Agreement with IPR Eminox Technologies Private Limited for Design Development. 3 shareholding, if any, in the entity with IP Rings Limited holds 50% shareholding in IPR whom the agreement is executed E minox Technologies Private Limited. 4 significant terms of the agreement • the Seller agrees to sell under slump sale and the Purchaser agrees to Purchase the manufacturing division on the transfer date. • With effect from the Transfer Date, all the current assets and non-current assets of the Manufacturing Business Undertaking, including the Transferred Assets, shall stand transferred to and vest in the Purchaser as a going concern. • IPR Eminox Technologies manufacturing division has made the turnover of Rs. 39 Crores during the Financial Year 2025-26. • Under the Slump Sale, IP Rings Limited will takeover the fixed assets of Rs. 2.67 Crores, Working Capital of Rs. 2.08 Crores and the bank liabilities to the tune of Rs. 3.45 Crores. (all values are based on IPR Eminox Technologies audited financial statement), on a consideration of Re. 1 based on the valuation report from the MCA approved valuer. 5 extent and the nature of impact on There is no impact on the management of Listed management or control of the listed Entity due to this transaction. entity IP Rings Ltd. . . Dl l /12, Industrial Estate, Maraimalai Nager -603 209, Chengalpattu D1stnct, Tamil Nadu, India. Phone: +91-44-27452816, www.iprings.com CIN : L28920TN1991 PLC020232 S.No Particulars Disclosure 6 details and quantification of the From the transfer date, all liabilities of the restriction or liability imposed upon the Manufacturing Business Undertaking, including listed entity without limitation all long-term and short-term loans and obligations and the Assumed Liabilities, shall be assumed by the Purchaser, and the Purchaser shall be solely responsible for the discharge and satisfaction thereof from the Transfer Date. 7 whether, the said parties are related to promoter/promoter group/ group Yes companies in any manner. If yes, nature of relationship 8 whether the transaction would fall within As IP Rings Limited is one of the joint venture related party transactions? If yes, partners’ the said transaction would fall within whether the same is done at “arm’s the category of related party transactions. The length transaction is done at Arms length basis based on the valuation report from the MCA approved v aluer. 9 any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest Nil. arising out of such agreements, etc 10 in case of rescission, amendment or Not Applicable alteration, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement ii. nature of the agreement iii. date of execution of the agreement. iv. details and reasons for amendment or alteration and impact thereof (including impact on management or control and on the restriction or liability quantified earlier); v. reasons for rescission and impact thereof (including impact on management or control and on the restriction or liability quantified earlier). IP Rings Ltd. . . Dl l /12, Industrial Estate, Maraimalai Nager -603 209, Chengalpattu D1stnct, Tamil Nadu, India. Phone: +91-44-27452816, www.iprings.com CIN : L28920TN1991 PLC020232