Outcome of Board Meeting

31st October 2026 To To The General Manager The General Manager Department of Corporate Services, Department of Corporate Services, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort Exchange Plaza, Bandra-Kurla Complex Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 544367; Scrip Symbol: QPOWER ISIN: INE0SII01026 Dear Sir/Madam, Sub: Outcome of Board Meeting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) Pursuant to Regulation 30 read with Schedule III of the Listing Regulations, we wish to inform you that the Board of Directors of Quality Power Electrical Equipments Limited, at its meeting held today, Saturday, 31st October 2026, inter alia, considered and approved the following: 1. Approval of Unaudited Financial Results The Board approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September 2026, as reviewed and recommended by the Audit Committee, together with the Limited Review Reports issued by M/s. Kishor Gujar & Associates, Chartered Accountants, Statutory Auditors of the Company (Firm Registration No. 116747W). The Financial Results and Limited Review Reports are enclosed as Annexure A. 2. Review of Business Performance and Order Book The Board reviewed the operational and financial performance of the Company for the half year ended 30th September 2026 and noted the growth achieved despite continued volatility in raw material prices. The Board noted with satisfaction that the Company's consolidated order book has surpassed ₹2,000 crore, driven by sustained demand for reactors, instrument transformers, Power Conversion Systems (PCS) and FACTS solutions. The Board also reviewed the enquiry pipeline, execution schedules and capacity readiness across the Group's manufacturing operations. The Board further acknowledged the combined efforts of the sales teams of Quality Power and Winwin Speciality Insulators Limited (WSIL) in securing an 800 kV HVDC porcelain insulator order, along with multiple orders for 765 kV and 400 kV applications. These orders have not been included in the Company's reported consolidated order book, pending completion of the proposed acquisition. The Board also commended the technical and manufacturing teams of WSIL for successfully completing the applicable type tests in accordance with European and American standards for porcelain insulators up to 400 kV during the preceding two months. These developments strengthen the commercial and technical positioning of the proposed insulator business in domestic and international markets. 3. Capital Expenditure and Manufacturing Expansion Global Coil Factory, Sangli The Board took note of the commencement of manufacturing operations at the Company's new Global Coil Factory in Sangli on 20th October 2026. The Board further approved an additional capital expenditure of ₹25 crore for establishing manufacturing capabilities for oil filled shunt reactors at the Global Coil Factory. This investment will extend the Company's manufacturing portfolio and address additional opportunities in the high voltage transmission equipment market. HVDC CTC Magnet Wire Facility The Board reviewed the implementation status of the HVDC CTC Magnet Wire manufacturing facility, including machinery readiness and the remaining installation and commissioning activities. Endoks PCS Facility, Niğde, Turkey The Board noted the commencement of manufacturing operations on 16th October 2026 at the new Power Conversion Systems (PCS) facility of the Company's subsidiary, Endoks Energy Systems, in Niğde, Turkey. The Board congratulated the management and employees of the Group on the successful inauguration and commencement of production at both manufacturing facilities during October 2026. These investments expand the Group's production capabilities and support its long-term growth strategy. 4. Proposed Acquisition of Winwin Speciality Insulators Limited The Board reviewed the status of the proposed acquisition of up to 100% of Winwin Speciality Insulators Limited for an aggregate consideration of up to ₹272.34 crore, comprising cash consideration of up to ₹123.84 crore and issuance of up to 10,17,123 equity shares at ₹1,460 per share on a preferential basis. The Board noted that the requisite shareholder approval was obtained through a Special Resolution passed at the Extraordinary General Meeting held on 19th October 2026. The acquisition remains subject to fulfilment of the conditions precedent under the Share Purchase Agreement and receipt of applicable regulatory approvals. The Board further noted that the listing of the equity shares proposed to be issued on a preferential basis is required to be completed prior to the opening of the Company's proposed Qualified Institutions Placement (QIP). The management will undertake the necessary regulatory and procedural formalities accordingly. The meeting of the Board of Directors commenced at 04:35 P.M. and concluded at 05.40 P.M. The above information is also being made available on the Company's website at www.qualitypower.com. You are requested to take the above on record. Thank you, Yours faithfully, For Quality Power Electrical Equipments Limited Deepak Ramchandra Suryavanshi Company Secretary & Compliance Officer ICSI Membership No.: A27641 KISHOR GUJAR & ASSOCIATES CHARTERED ACCOUNTANTS Head Office:-No.2, 1stFloor, Mahalaxmi Heights, Near Bank of Maharashtra, (Pimpri Branch), Mumbai -Pune Road, Pimpri, Pune - 411018. Branch Office : No 255 Baba Nagar, 3rd Cross Street, Villivakkam, Near Bala Vinayagar Temple, Chennai, Tamil Nadu, 600049 E-mail: info@cakga.in Tel.: 020 27478224, 27472930, 27469079 Mob: +91 7447448424 Review Report on Unaudited Standalone Financial Results of the Company for the Quarter ended September 30, 2026, pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors Quality Power Electricals Equipments Limited. 1. We have reviewed the accompanying statement of unaudited standalone financial results of Quality Power Electrical Equipments September 30, 2026 requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (t 2. The is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard , prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The statement has been approved by Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement of unaudited financial results prepared in accordance with the [Showing first 8,000 characters — download PDF for full document]