Outcome of Board Meeting

05th November, 2026 Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G - Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol: TIRUPATIFL Dear Sir/Madam, Sub: Outcome of Board Meeting held on 05th November, 2026. Pursuant to Regulation 30 (read with Part A of Schedule III) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we here by informed you that Board of Directors at its Meeting held on Thursday – 05th November 2026 at 3:50 P.M., at the Registered Office of the company, inter- alia has considered and approved the Unaudited Standalone Financial Results along with Limited Review Report by the Auditor thereon for the Quarter and half year ended on 30th September, 2026. The Meeting of the Board of Directors of the Company commenced at 03:50 P.M. and concluded at 4:20 P.M. Kindly take the same on your record and oblige. Thanking you, Yours Faithfully, For, Tirupati Forge Limited HITESHKUMAR GORDHANBHAI THUMMAR Managing Director DIN: 02112952 Encl/-: 1. Profit & Loss Statement 2. Statement of Assets and Liabilities 3. Cash Flow Statement 4. Related Party Transactions Disclosure 5. Auditor’s Limited Review Report pursuant to the regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015. 6. Statement of Deviation for the Quarter ended on 30th September, 2026 7. Investor Presentation for the Quarter and year ended on 30th September, 2026 Tlrupati Forge Limited Plot No. 1-5, Survey No. 92/1, Near Shan cement, Hadarntala Industrial area, Kotda Sangani, HadamtaJa, Rajkot, Gujarat-360311 eIN L27320GJ2012PLC071594 Website: www.tirupatiforge.com E-Mail: inf<X@tirupatiforge.com Statement of Unaudited Ind AS Financial Reaulta for Quarter and half year ended on 30th September, 2026 Amount in lacs Sr. No. Quarter Ended Half Year ended Year Ended ParticulaR 30/09/2026 30/06/2026 30/09/2025 30/09/2026 30/09/2025 31/03/2026 (Unaudited' (Unaudited' (Unaudited, (Unaudited' (Unaudited' (Audited, I INCOME a Revenue from operations 5,731.93 3,810.13 3,967.02 9,542.06 7,197.14 16,247.85 b Other Income 83.10 33.00 105.58 116.10 167.38 346.18 TOTAL INCOME 5815.03 3843.13 4072.60 9658.16 7364.52 16594.03 2 EXPENSES a Cost of materials consu med 2,575.42 1,519.12 1,735.02 4,094.54 3,339.41 6,965.54 b Purchase of Stock in trade 416.67 338.00 402.11 754.67 603.46 1,394.18 c Changes in inventories of finished goods, work-in- (115.34) 7.17 (43.81) (108.17) (149.47) (63.95, progress and Scrap d Employee benefits expenses 297.00 189.73 227.38 486.74 406.80 878.50 e Finance Costs 49.55 94.95 65.02 144.50 138.20 304.66 f Depreciation and Amortisation expenses 225.92 209.30 179.63 435.22 346.73 772.28 g Other expenses 1,822.46 1,318.83 1,322.90 3,141.29 2,304.98 5,487.37 TOTAL EXPENSES 5271.68 3677.10 3888.25 8.948.79 6990.11 15738.58 3 Profit before exceptional item & tax 543.35 166.03 184.35 709.37 374.41 855.45 4 Exceptional item 5 Profit before tax 543.35 166.03 184.35 709.37 374.41 855.45 6 Tax expen ses 1. Income Tax Expense 58.16 12.39 21.24 70.55 34.54 136.13 2. Deferred tax Expense 72.72 31.78 28.97 104.50 64.75 89.79 7 Net Profit/(Loaa, for the period 412.47 121.86 134.14 534.32 275.12 629.53 8 othtaexr, Comprehenalve Income / (expenae) (net a' Items that will not be reclassified to profit or - - - - - - loss bl Items that will be reclassified to profit or loss - - - - - - 9 Total Comprehenalve Income 412.47 121.86 134.14 534.32 275.12 629.53 10 Paid-up equity share capital (Face Value of Rs. 2 2,600.80 2,583.80 2,445.60 2,600.80 2,445.60 2,532.60 each) 11 Other Equity 10,534.20 12 Eaming Per Equity Share (Face Value of Rs.2/- each) (not annualised for quarter) a Basic 0.32 0.10 0.11 0.41 0.23 0.51 b Diluted 0.31 0.09 0.11 0.40 0.22 0.50 The Unaudited financial results for the Half Year & Quarter ended 30th September, 2026 have been prepared in accordance with the applicable Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 and read with relevant rules made thereunder, as 3 amended. In terms of regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements' Regulations, 2015, as amended, the above results were reviewed and recommended by the Audit Committee, at its Meeting held on November 05, 2026 and these results were approved and taken on record at the meeting of Board of Directors of the Company held on that date. s:;&;P---rc The Company is engaged in the manufacture of Carbon Steel Forged Flanges, Forged Components, and other automotive components, and has commenced defence forging during the year. In accordance with Ind AS 108, the Chief Operating Decision Maker (CODM) reviews the performance of the Company based on two reportable segments: (i) Industrial Forging, comprising forged flanges, forged components, and automotive components. and (ii) Defence Forging. Segment disclosures for each reportable segment are presented separately in the financial statements. 5 Other Income includes following: (Amt. in Lacs) Quarter ended Half Year ended Year ended Particulars 30/09/2026 30/06/2026 30/09/2025 30/09/2026 30/09/2025 31/03/2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) a) ForeiFll Exchan!!,e Fluctuations 58.93 26.98 83.21 85.91 103.71 242.48 b) Interest Income (Net of Reversal) 4.19 6.02 20.68 10.21 54.62 96.79 9. Profit} (loss) on sale of Assets (Net) 3.33 - 1.69 3.33 2.51 0.28 dJOthers 16.65 - 0.00 16.65 6.55 6.63 Total 83.10 33.00 105.58 116.10 167.39 346.18 The Board of Directors, in its meeting dated January 16, 2025, considered and approved the allotment of 1,17,60,000 convertible equity warrants at the above-stated price, upon receipt of an amount aggregating to Rs. 940.80 Lakhs, being 25% of the issue price as upfront payment. The warrants were issued on a preferential basis as per the terms and conditions approved by the members on November 16,2024. During the quarter ended September 30, 2026, 8,50,000 outstanding convertible warrants were converted into equity shares of the Company upon receipt of the balance 75% of the issue price from the warrant holders. Accordingly, no convertible warrants remain outstanding as on September 30, 2026. Board of directors in its meeting dated September 07,2026 has considered and approved the allotment of 37,00,000 convertible equity warrants at above stated price upon receipt of an amount aggregating to Rs. 2146 Lakhs, being 25% as upfront payment and upto September 2026 the company has received total funds of Rs. 536.50 Lakhs pursuant to above scheme. The Company is in process of alloting equity shares against convertible 7 warrants issued on preferential basis as per terms and conditions approved by the members on 31st July, 2026. Details of issuance and oustanding Convertible Warrants is tabulated below :- Opening aa Conversion Closing as on Percentage Total Numbers of Warrants iuued on during tbe outstanding 31.07.2026 iQuarter 30.09.2026 as on 37,00,000 37,00,000 - 37,00,000 100.00% 8 Figures for previous periods/year have been regrouped and reclassified wherever necessary, to confirm current period's presentation. 9 There were no investor complaints pending/ received during the period. --- 10 The above Financial Results are also available on our website www.tirupatiforge.com and on stock exchange website www.nseindia.com ~FO~ For and on Behalf of Board of Directors For, Tirupati Forge Limited I 8~ I c:-::?: .... HADAMTALA HiteshkumarG. Thummar t' - Chairman and Managing Director Signed at Hadamtala (Distr. Rajkot) on November 05, 2026 DIN: 02112952 Tirupatl Forge Limited Plot No. 1-5, SillVey No. 92/ I, Near Shan cement, Hadamtala Industrial area, Kotda Sangani, Hadamtaia, Rajkot, Gujarat-360311 CIN L27320GJ2012PLC071594 Website: www.ti.Iupatiforge.com E-Mail: inf<@ti.Iupatiforge.com Notes: 1-Statement of Assets & Llabllllties as per Regulation 33 of the SEBI (LIsting Obligations and Disclosure Requirementsl Regulations, 2 [Showing first 8,000 characters — download PDF for full document]