Updates

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: Investor Presentation on Q2FY27 Update, including Financial Performance and Defence Project Updates – Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Investor Presentation for the quarter ended September 30, 2026. The presentation provides an update on the Company's financial and operational performance for Q2FY27, including revenue growth, profitability, progress of the 155mm M107 Empty Shell Body and 155mm ERFB Shell Body defence projects, manufacturing milestones, expected commercial production timelines and future growth outlook. The aforesaid presentation is also available on the Company's website at: https://tirupatiforge.com/investor-presentation.php Kindly take the same on record. Thanking you, For, TIRUPATI FORGE LIMITED HITESHKUMAR GORDHANBHAI THUMMAR Managing Director DIN: 02112952 Encl.: Investor Presentation for Q2FY27. Chairman’s Update The company delivered a strong performance during Q2FY27, supported by robust demand across key markets and improving financials. We remain focused on sustaining our growth momentum, strengthening our market position and capitalising on emerging opportunities across our businesses. We have witnessed healthy growth in our business, driven particularly by strong demand from the North American market. The quarter also reflected a significant improvement in profitability, underscoring the strength of our business model, improving operating performance and the positive momentum across our key markets. On the defence manufacturing front, we achieved several important milestones during the quarter, marking meaningful progress in our strategy to establish a scalable presence in this high-potential segment. We successfully completed the manufacturing of the first batch of 200 units of 155mm M107 empty shells. The Defence team has completed the final inspection and we await proof testing results. We have also secured the requisite manufacturing licence from DPIIT, an important milestone in expanding our defence manufacturing capabilities. Further, we have successfully completed the forging and machining of the 155mm ERFB shell body, marking a significant milestone in strengthening our advanced defence manufacturing capabilities. ERFB is a highly specialised defence product, with only a limited number of manufacturers globally possessing the requisite technical expertise and manufacturing capabilities. The successful completion of this milestone positions the company amongst select group of global manufacturers and opens up significant opportunities in the international defence market. We are already witnessing strong commercial interest from multiple prospective customers globally, reflecting the growing recognition of our capabilities and confidence in our ability to deliver in this specialised segment. We believe this presents a significant opportunity to build a diversified international customer base and establish a scalable, long-term growth platform for our defence business. Looking ahead, we remain optimistic about the company's growth prospects. Our established presence in international markets, improving financial performance and investments in expanding our defence manufacturing capabilities position us well to capitalise on emerging opportunities. We will continue to focus on operational excellence, disciplined execution and strategic growth initiatives, while remaining committed to creating sustainable long-term value for our shareholders. On behalf of the Board, I would like to thank our employees, customers, business partners and shareholders for their continued trust, confidence and support. Q2FY27 Update Total Income QoQ (In INR Mn) • Revenue Strong Revenue Growth: Revenue increased 581.5 sharply to INR 581.5 mn in Q2FY27, compared to INR 384.30 384.3 mn in Q1FY27, driven by robust demand from the North American market. Q2FY27 Q1FY27 • Significant Improvement in Profitability: PAT surged 238% quarter-on-quarter to INR 41.2 mn in Q2FY27, PAT QoQ (in INR Mn) compared to INR 12.2 mn in Q1FY27, reflecting a strong improvement in earnings performance. 41.20 50 238% 12.20 • Strong Defence Order Book Visibility: The company Q2FY27 Q1FY27 continues to see encouraging visibility on its defence EBITA QoQ (in INR Mn) order book, providing a strong foundation for future 81.88 growth. 47.03 Strong Demand from North America fueled Sales Q2FY27 Q1FY27 Defence Update • Successful Completion of Initial 155mm M107 Shell Batch: Successfully completed the manufacturing of the first batch of 200 units of 155mm M107 empty shells. The Defence team has visited the manufacturing facility to undertake final inspection for proof testing, marking an important milestone towards product validation and commercial readiness. Expect to commence commercial production in Q4 FY27. • Received DPIIT Manufacturing Licence: This marks a significant step in strengthening the company's defence manufacturing capabilities and enabling the progression of its defence product portfolio. • Progress on 155mm ERFB Shell Development: Successfully completed the forging and machining of the 155mm ERFB shell body. The company is among a select group of manufacturers globally with the specialised capabilities required to manufacture ERFB shells, providing it with a differentiated position in this highly specialised defence segment. We are witnessing strong commercial interest from multiple prospective customers across international markets. Commercial production is expected to commence by H1 FY28. Tirupati Forging at Glance Forging Excellence, Shaping the Future Backed by more than 15+ years of Amongst the leading and forging and experience in manufacturing wide Machining Lines in India. Amongst range of forged and machines only 3 firms in India to have installed components. 630 Ton of Lasco Press Line Levered Manufacturing unit spread across 5 Amongst leading Indian suppliers of acres with in house testing and R&D for flanges , catering to diverse industrial labs sectors Growth Catering to clients across the globe. Current installed capacity of 15,000 55% of the revenue is attributed to TPA adhering to high quality overseas market, largely USA, Canada, standards. Holds IATF 16949:2016, Malaysia, Europe and African ISO 9001:2015 PED AD 2000 & CRN countries. Fully Integrated Unit Serving Diversified Customers Multi Spindle Drilling Machine Forging • Capacity: 15,000 TPA, MPM • Capacity : 800 OD, fully automatic. Hammers: 2.5 tonand 4 ton • Job Capacity: 0.5 Kg -125 Kg Oil &Gas Defence Single Piece Weight. • Press Line forging capacity Aerospace Hydraulic Extrusion Press upto 2kg. • Capacity :10,000 TPA Automotive Power • Job Capacity: 15 Kg to 150 Kg Single Heat treatment Piece Weight • Capacity :1000 kg/hr Mining • 630 Ton Lasco Hydraulic Extrusion • For Annealing, Quenching, Press. Harding & Tempering Paint Shop Machining facility Ring Rolling • Capacity: 60 TPD ready to pack • CNC machines ranging from material. • 15,000 TPA 15mm to 800mm OD. • Fully automatic dipping and • Size: 150mm-800mm OD • Fully automatic VMC machines drying paint line. for 1000mm OD. Diversified Portfolio of Products, End Markets and Geographic Regions Product Portfolio Customer base Revenue Share (Sales by Product Group) (Sales by Customer Industry) Machine Tools 4.62% Agriculture Automotive 1.97% 10.59 Construction & % 1.81% Others, North Europe Mining 19.38% 14.35% America 50% 3In1d%ia Miscellaneous Africa Machinery Parts, 10.71% Oil & Gas Flanges, Agriculture, 66.66% 66.67% 1.96% Gears/shafts/ Rings, 1.23% Earth Moving Domestic Global Parts, 0.05% Market Opportunity- Forging Industry Global Forging Industry - R [Showing first 8,000 characters — download PDF for full document]