Outcome of Board Meeting

MTAR email - info@mtar.in website : www.mtar.in - CIN No : L72200TG1999PLC032836 To Date: 29% October, 2026 BSE Limited National Stock Exchange of India Limited, P.J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex, Mumbai-400001 Bandra (E), Mumbai- 400051. (BSE Scrip Code:543270) (NSE Symbol: MTARTECH) Dear Sir/ Madam, Sub: Outcome of Board Meeting Unit: MTAR Technologies Limited ISIN: INE864101014 ‘With reference to the subject cited, this is to inform the Exchanges that the Board of Directors of MTAR Technologies Limited at its meeting held on Thursday, 29% October, 2026 at 3:00 p.m. at registered office of the Company considered and approved the following: 1. Unaudited Financial Results for the Quarter and Half Year ended 30.09.2026. (Attached) 2. Limited Review Reports for the Quarter and Half Year ended 30.09.2026. (Attached) 3. Subsequent to the period end, on October 28, 2026, the Hon’ble National Company Law Tribunal (“NCLT”), Hyderabad Bench-II has approved a Scheme of Amalgamation (“Scheme”) of Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited (wholly owned subsidiaries) with the Company with effect from April 01, 2025. The Company has accounted for this merger under the “pooling of interests” method for common control transactions as per the requirements of Appendix C to Ind AS 103 “Business Combinations”. Further, in accordance with Ind AS 103 “Business Combinations”, the Company has restated the figures for all the past periods presented in these financial results. The impact of this restatement is not material. The Meeting concluded at 4:00 p.m. This is for the information and records of the Exchanges, please. Thanking you. Yours sincerely, For MTAR Technologies Limited Priyanka Agarwal Company Secretary and Compliance Officer M. No.: A76000 Encl: As above. MTAR TeChnOlOgleS Ltd (Formerly known as MTAR Technologies Pvt Ltd), 18, Technocrats Industrial Estate, Balanagar, Hyderabad - 500 037. Telangana, India. office : 040-44553333/23078312 fax : 91-40-44553322/23078316, GST No.: 36AACCM2021N1ZL MTAR Technologies Limited - CIN: L72200TG1999PLC032836 Registered office: 18, Technocrats Industrial Estate, Balanagar, Hyderabad, Telangana 500037 ite: www.mtar.i STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 (Amounts in INR millions) S No. Particulars Quarter ended Half year ended Year ended 30-Sep-26 30-Sep-25 30-Sep-26 30-Se 31-Mar-26 (Unaudited) (Unaudited) | (Unaudited) | (Unaudited) | (Audited) T [income (@) |Revenue from operations (i) Sale ofP roducts 401686 3,558.92 1343.64 7.575.78 2,887.74 8,654.01 (if) Other operating revenue 50.79 48.29 1229 99.08 34.03 108.05 Total Revenue from Operations 4,067.65 3,607.21 1,355.93 7,674.86 292177 8,762.06 (b) [Other income 85.15 78.87 36.80 164.02 42.90 23090 Total income 4,152.80 3,686.08 1,392.73 7,838.88 2,964.67 8,992.96 2 [Expenses (@) |Cost of materials consumed 2,283.08 2,043.19 817.67 432627 174541 5.034.80 (b) |Changes in inventory of work in progress (118.73)| (78.16) (156.07) (196.89) (366.99) (450.74) (c) |Employee benefit expenses 497.02 465.20 333.25 962.23 676.45 1,509.13 (d) |Finance costs 16242 158.47 6214 320.89 12029 29358 (e) |Depreciation and amortisation expenses 11149 96.92 87.89 208.41 17155 350.25 (0 [other expenses 41473 32644 19110 74117 413.08 956.81 [Total expenses 3,350.01 3,012.06 1,335.98 6,362.08 2,759.79 7,693.83 3 [Profit before exceptional items and tax (1-2) 802.79 674.02 56.75 1,476.80 20488 1,299.13 4 |Exceptional Items Statutory impact of new Labour Codes (Refer note 6) = - - - = 37.67 5 |Profit before tax (3-4) 802.79 674.02 56.75 1,476.80 204.88 1,261.46 6 |Tax expense (@ |current tax 187.03 15139 3.80 338.42 1267 30248 (b) |Adjustment of tax relating to earlier periods - - - - - (8.26) (¢) |Deferred tax charge 1744 2036 1050 37.80 26.94 Total tax expense 204.47 17175 1430 37622 7 |Net profit for the period (5-6) 598.32 502.27 4245 1,100.58 8 |items of other comprehensive loss (net of tax) ltems that will not be reclassified to statement of profit and loss - - - - - 360 [T otal other comprehensive loss (net of tax) - - - - - 3.61) 9 |Total comprehensive income (7+8) 598.32 502.27 42.45 1,100.58 936.69 10 [Paid - up equity share capital (face value INR 10 per share) 307.59 307.59 307.59 307.59 307.59 11 [Other equity 791828 12 |Earnings per share (of INR 10 each) (not annualised) (amount in INR) - Basic earnings per share 19.45 1633 138 35.78 4.90 3057 - Diluted camings per share 1945 1633 138 3578 4.90 30.57 Notes: | The unaudited Financial results of the Company have been prepared in accordance with the Indian Accounting Standards prescribed under section 133 of the Companies Act) 2013 ("the Act”) read with relevant rules issued thereunder ("Ind AS") and other accounting principles generally accepted in India and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The above unaudited financial results (“Financial results™) have been reviewed by the Audit committee and approved by the Board of Directors at their meetings held on October 29, 2026 2 Subsequent to the period end, on October 28, 2026, the Hon'ble National Company Law Tribunal (“NCLT"), Hyderabad Bench-II has approved a Scheme of Amalgamation| (“Scheme”) of Gee Pee Acrospace and Defence Private Limited and Magnatar Aero Systems Private Limited (wholly owned subsidiaries) with the Company with effect from| April 01, 2025, The Company has accounted for this merger under the “pooling of interests™ method for common control transactions as per the requirements of Appendix C tof Ind AS 103 “Business Combinations”. Further, in accordance with Ind AS 103 “Business Combinations”, the Company has restated the figures for all the past periods presented| in these financial results. The impact of this restatement s not material 3 As stated in note 2 above, both the subsidiaries have now been merged with the Company as per the Scheme. Accordingly, no consolidated financial statement is required to bel prepared by the Company. 4 The Company's business activity falls within a single line of business segment, in terms of Ind AS 108 "Operating Segments”. 5 Unaudited statement of Assets and Liabilities and statement of cash flows are presented in Annexure | and Annexure 2 respectively 6 Exceptional item for the year ended March 31, 2026 represents one-time increase in provision of INR 37.67 million for employee benefits of the Company on account of implementation of New Labour Codes. MTAR Technologies Limited Statement of Assets and Liabilities as at September 30, 2026 Annexure - 1 (Amounts in INR millions)) Particulars 30-Sep-2026 31-Mar-2026 (Unaudited) (Audited) Assets Non-current assets 6,378.08 497228 Property, plant and equipment 1,129.30 344.01 Capital work-in-progress 19.99 2111 Intangible assets 238.44 149.65 Right of use Assets Financial assets 0.10 0.10 Investments 66.36 4567 Other financial assets 1,003.96 619.28 Other non-current assets 8,836.23 6,152.10 Current assets 6,787.64 5,005.22 Inventories Financial assets 361997 2,153.39 Investment in mutual funds 285847 3,368.23 Trade receivables 2.87 9.96 Cash and cash equivalents Bank balances other than cash and cash equivalents 208.77 20225 136.83 4267 Other financial assets 831.12 500.43 Other current assets 14,445.67 11,282.15 23,281.90 17,434.25 Total assets Equity and Liabilities Equity 307.59 307.59 Equity share capital 9,018.86 7,918.28 Other equity 9,326.45 8,225.87 Liabilities Non-current liabilities Financial liabilities 1,478.01 1,476.62 Borrowings 80.40 67.37 Lease Liabilities 116.34 111.98 Provisions 287.17 249.38 Deferred tax liabilities (net) 36.20 34.64 [Non current liabilities 1,998.12 1,939.99 Current liabilities Financial liabilities 3,185.28 221559 Borrowings 8.16 6.07 Lease Liabilities Trade payables - dues of micro enterprises and small enterprises 13193 21351 - dues ofc redit [Showing first 8,000 characters — download PDF for full document]