Outcome of Board Meeting

TR F LI M I TE D July 16, 2026 The Secretary, Listing Department The Manager, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Maharashtra, India. Maharashtra, India Scrip Code: 505854 Symbol: TRF Dear Madam, Sir(s), Sub: Outcome of Board Meeting This has reference to our intimation of meeting of Board of Directors (‘Board’) of TRF Limited (‘Company’) dated July 10, 2026. The Board at its meeting held today, i.e., Thursday, July 16, 2026, inter-alia, considered and approved the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026. A copy of the said Financial Results together with the Auditors’ Limited Review Report thereon for the quarter ended June 30, 2026 is enclosed herewith as Annexure A. The Board meeting commenced at 4:00 p.m. (IST) and concluded at 5:12 p.m. (IST). The above announcement is also being made available on the website of the Company at www.trf.co.in This disclosure is being submitted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This is for your information and records. Yours faithfully, TRF LIMITED Avishek Ghosh Company Secretary and Compliance Officer Encl.: As above 11 Station Road Burmamines, Jamshedpur-831 007 INDIA Tel +91 657 2345727 FAX +91 657 2345718 e-mail: comp_sec@trf.co.in www trf.co.in CIN: L74210JH1962PLC000700 Price Waterhouse & Co Chartered Accountants LLP Review Report The Board of Directors TRF Limited 11, Station Road, Burmamines Jamshedpur-831007, Jharkhand 1. We have reviewed the unaudited financial results of TRF Limited (the "Company") for the quarter ended June 30, 2026, which are included in the accompanying 'Standalone Unaudited Financial Results for the Quarter ended June 30, 2026'(the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been digitally signed by us for identification purposes. The Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of 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. 3. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. For Price Waterhouse & Co Chartered Accountants LLP Firm Registration Number: 304026E/E-300009 Sonika Digitally signed by Sonika Burman Burman Date: 2026.07.16 17:56:38 +05'30' Sonika Burman Partner Membership Number: 504839 UDIN: 26504839NCSDMD5714 Place: New York Date: July 16, 2026 Price Waterhouse & Co Chartered Accountants LLP, Building No. 8, 8th Floor, Tower B, DLF Cyber City Gurugram -122 002, Haryana T: +91 (124) 6169908 Registered oHice and Head office: Plot No. 56 & 57, Block ON, Sector-V, Salt Lake, Kolkata-700 091 Price Waterhouse & Co. (a Partnership Firm) converted into Price Waterhouse & Co Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-4362) with effect from July 7, 2014. Post its conversion to Price Waterhouse 8. Co Chartered Accountants LLP, its I CAl registration number is 304026E/E300009 (ICAI registration number before conversion was 304026E) TRFLIMITED A TATA Enterprise Regd. Office : 11, Station Road, Burmaminas, Jamshedpur • 831 007 CIN · L74210JH1962PLC000700 STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2028 Rs.ln Lakhs Standalone Quarter ended Year ended Particulars No. 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Unaudited Unaudited Unaudited Audited 1. Revenue from operations 2,603.20 1,938.56 2,341.71 8,503.22 2. Other income [Refer Note 3(a)] 589A9 421.52 300.14 1,448.01 3. Total Income (1 + 2] 3,192.69 2,360.08 2,641.85 9,951.23 4. Expanses (a). Cost of raw materials consumed 663.89 540.00 66.48 934.33 (b). Cost of services consumed 124.03 52.01 52.03 125.56 (c). Changes in inventories of finished goods, work in progress and contracts in progress (266.41) (433.85) 161.28 (311.94) (d). Employee benefrts expense 1,290.61 1,465.10 1,461.00 5,738.07 (e). Finance costs 455.35 400.81 281.12 1,480.13 (f). Depreciation and amortisation expense 79.64 76.77 65.93 290.88 (g). Other expenses [Refer Note 3(b)] 632.21 889.48 214.98 927.67 Total expenses [4(a) to 4(g)] 2,979.32 2,990.32 2,302.82 9,164.70 5. Profrt I (Loss) before exceptional items and tax (3 • 4) 213.37 (630.24) 339.03 766.53 6. Exceptional items . . . (a). Employee separation compensation [Refer Note 5(a)] 1,130.95 . . . (b). Adjustments related Ia capital reduction [Refer Nate 5(b)] (575.47) (c). Impairment in the value at investment in subsidiary [Refer Note 5(c)] 97.40 . . - Total exceptional items [&(a) to &(c)] 97AO 555.48 7. Prafrt I (Loss) before tax (5 -6) 115.97 (630.24) 339.03 211.05 8. Tax expense/ (credit) (a). Current tax - - - - (b). Deferred lex - - - - Total lex expense/ (credit) [8(a) Ia 8(b)] - - - - 9. Net Profit I (Loss) for the period (7-8) 115.97 (630.24) 339.03 211.05 10. other comprehensive income (Net of tax) (a). Items that will not be reclassified to profit or loss (40.38) 89.76 (25.02) 34.83 (b). Items that will be reclassified to profrt or loss - - - - Total ather comprehensive income [10(a) Ia 10(b)] (40.38) 89.76 (25.02) 34.83 11. Total comprehensive Income (9 + 10) 75.59 (540.48) 314.01 245.88 12. Paid-up equity share capital (Face valueRs. 10 per Share) 1,100.44 1,100.44 1,100.44 1,100.44 13. Reserves 7,384.61 14. Earning per Equity share (•Not annualised) Basic EPS -in Rupees 1.05"' (5.73)" 3.o8· 1.92 Diluted EPS -in Rupees 1.05* (5.73)" 3.08* 1.92 TRFLIMITED A TATA Enterprise Regd. Office : 11, Station Road, Burmamines, Jamshedpur • 831 007 CIN · L74210JH1962PLC000700 STANDALONE UNAUDITED SEGMENT WISE REVENUE, RESULTS AND ASSETS & LIABILITIES FOR THE QUARTER ENDED JUNE 30, 2026 Rs. in Lakhs Standalone Quarter ended Year ended Particulars No. 30.06.2028 31.03.2026 30.06.2025 31.03.2026 Unaudited Unaudited Unaudited Audited 1. Segment Revenue (a). Projects & Services 245.04 41.24 171.37 531.17 (b). Products & Services 2,358.18 1,921.12 2,177.66 8,013.55 Total Segment Revenue 2,803.20 1,962.36 2,349.03 8,544.72 Less : Inter-segment revenue 23.80 7.32 41.50 Revenue from operations 2,603.20 1,938.56 2,341.71 8,503.22 2. Segment Results* (a). Projects & Services (90.86) (288.85) (95.89) 89.27 (b). Products & Services 321.57 (238.68) 430.10 1,009.15 Total Segment Results 230.91 (527.53) 334.21 1,098.42 Interest income (21.10) (162.40) (222.76) (986.06) Interest expense 454.09 399.01 272.26 1,466.03 Depreciation and Amortisation (unallocab [Showing first 8,000 characters — download PDF for full document]