Acquisition

October 29, 2026 Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C-1, Phiroze Jeejeebhoy Towers, Block G, Bandra – Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 522281 Symbol: RAMRAT Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) – Acquisition of stake in Joint Venture Company Dear Sir / Madam, Ram Ratna Wires Limited (“the Company”) and Epack Durable Limited (“Epack’’) have a joint venture company – Epavo Electricals Private Limited (“Epavo”). Epavo is engaged in the business of manufacturing Brushless Direct Current (BLDC) motors and air-movement solutions. Currently the Company and Epack are holding 50:50 stake in Epavo. Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations, as amended, we wish to inform you that, the Board of Directors of the Company at their meeting held today i.e. on Thursday, October 29, 2026, have considered and approved the acquisition of 2,21,26,000 equity shares of face value of INR 10 each of Epavo, representing 50% of its paid-up equity share capital, from Epack, the other joint venture partner in Epavo (the “Acquisition”). Pursuant to this approval of the Board of Directors of the Company, the Company will be executing the Share Purchase Agreement (“Agreements”) with Epack today. Consequent to the completion of this Transaction on the closing date as mentioned in the Agreements, the Company’s shareholding in Epavo will increase from 50% (pre- acquisition) to 100% (post-acquisition) and Epavo will become a Wholly Owned Subsidiary (not material) of the Company effective from the closing date. The disclosures as required under Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30 January 2026 are enclosed in Annexure I hereto. The Board believes that the Acquisition is in the interest of the Company and its shareholders. Statements in this disclosure about the Company’s expectations and strategy are forward-looking and are subject to risks and uncertainties; actual results may differ. The meeting of the Board of Directors commenced at 02:30 p.m. and concluded at 04:04 p.m. Kindly take the above on your records. For Ram Ratna Wires Limited Saurabh Gupta Company Secretary M. No.: F13652 Annexure - I Disclosure under Regulation 30 of Listing Regulations read with SEBI Master Circular as applicable Sr. Particulars Details 1. Name of the target entity, details Epavo Electricals Private Limited (“Epavo”) is a private in brief such as size, turnover limited company incorporated under the provisions of etc. the Companies Act, 2013 on August 26, 2020. Epavo is a Joint Venture (JV) between Ram Ratna Wires Limited (“the Company”) and Epack Durable Limited (“Epack’) and the Company is currently holding 50% of the total paid-up share capital of Epavo, whilst Epack holds the balance 50% of the total paid-up share capital of Epavo. Epavo is engaged in the business of manufacturing Brushless Direct Current (BLDC) motors and air-movement solutions. The Turnover of Epavo for the FY 2025-2026 was Rs. 2,540.35 lakhs. 2. Whether the acquisition would Not a related party transaction, since Epack is unrelated fall within related party to the Company or its promoter / promoter group / transaction(s) and whether the promoter group companies. promoter/ promoter group/ group companies have any Epavo is a Joint Venture Company, and one of the interest in the entity being Company’s Director is also a director in Epavo to acquired? If yes, nature of represent the interest of the Company in Epavo. The interest and details thereof and proposed transaction is being undertaken on an arm’s whether the same is done at length basis. “arm’s length” 3. Industry to which the entity Electrical being acquired belongs 4. Objects and effects of The Company and Epack have mutually agreed to acquisition (including but not terminate the joint venture arrangement and the limited to, disclosure of reasons Company will acquire the 50% stake/ shareholding of for acquisition of target entity, if Epack held in Epavo. its business is outside the main line of business of the listed Epavo was set up in 2020 as a joint venture to entity) manufacture and market brushless DC (BLDC) motors and related products, building on the Company’s manufacturing capabilities in winding wires. Since inception, the Company has been responsible for the day-to-day management and operations of Epavo. The Acquisition brings the Company’s shareholding in line with that responsibility and BLDC motors are a downstream application of winding wires, the Company’s core product. The Board believes that holding Epavo’s 100% share will support the Company’s strategy of participating more in the electric motor value chain and will allow the Company to take Epavo’s business forward on its own plans. Post acquisition of the 50% stake held by Epack, Epavo will become a Wholly Owned Subsidiary of the Company and Epavo shall continue to undertake the business of manufacturing Brushless Direct Current (BLDC) motors and air-movement solutions. 5. Brief details of any Not Applicable governmental or regulatory approvals required for the acquisition 6. Indicative time period for The Company expects to complete the acquisition by completion of the acquisition November 30, 2026. 7. Nature of consideration - Cash Consideration payable for acquisition of whether cash consideration or 2,21,26,000 equity shares of face value of Rs. 10 each, share swap and details of the fully paid up held in Epavo. same 8. Cost of acquisition or the price Subject to fulfilment of the conditions as mentioned in at which the shares are acquired Share Purchase Agreement the 2,21,26,000 (Two Crore Twenty One Lakh and Twenty Six Thousand) equity shares of Epavo, will be acquired at a price of Rs. 6.78 per equity share of face value of Rs. 10 each, fully paid up, aggregating to Rs. 15,00,14,280.00 (Rupees Fifteen Crores and Fourteen Thousand Two hundred and Eighty only). 9. Percentage of shareholding/ The Company has agreed to acquire 50% equity share control acquired and / or number capital of Epavo from Epack, pursuant to which Epavo of shares acquired will become wholly owned subsidiary of the Company. 10. Brief background about the Epavo is currently engaged in the business of entity acquired in terms of manufacturing Brushless Direct Current (BLDC) motors products/line of business and air-movement solutions. acquired, date of incorporation, history of last 3 years turnover, Date of Incorporation: August 26, 2020 country in which the acquired entity has presence and any Turnover of Epavo for last 3 financial years (Rs. In other significant information (in Lakhs) brief). FY 2025-2026 -- 2,540.35 FY 2024-2025 -- 4,294.55 FY 2023-2024 -- 2,663.66 Countries in which Epavo has presence: India. Any other significant information: None