outcome of Board meeting

HAPPYFORGINGSLIMITED November 05, 2026 BSE Ltd, National Stock Exchange of India Ltd. Corporate Relationship Department, Listing Department, Phiroze Jeejebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai- 400 051 Scrip Code: 544057 Symbol: HAPPYFORGE Sub: Outcome of Board Meeting held on November 05, 2026 Dear Sir/Ma’am, Pursuant to Regulation 30 of SEBI(Listing Obligations and Disclosures Requirements) Regulations, 2015, the Board of Directors of the Company at its meeting, held on Thursday, November 05, 2026, considered and approved: 1. Unaudited Financial Results(Standalone and Consolidated) along with the Limited Review Report of Statutory Auditor for the quarter and half year ended September 30, 2026. The financial results and the Limited Review Report are enclosed thereon. 2. Board has approved a capex of Rs. 500 crores for expansion of its existing forging and machining capacity. The relevant details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January 2026 is attached as Annexure-A. The disclosure of Related Party Transactions pursuant to the provisions of Regulations 23 (9) of the Listing Regulations is being filed as a part of Integrated Filing (Financial) with BSE and NSE through XBRL Mode. The meeting commenced at 02:40 p.m. and concluded at 04:00 p.m. Further, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window will re-open after 48 hours of announcement of the said results. Kindly take the above information on record. Thanking you, For Happy Forgings Limited (Bindu Garg) Company Secretary & Compliance Officer, M.N F6997 Happy Forgings Limited B-XXIX-2254/1, Kanganwal Road, P O Jugiana, Ludhiana- 141120 Regd Office : 4911612510421 info@happyforgingsltd.com BXX1X-2254/1,KanganwalRoad, 491 161 251 0422 www.happyforgingsltd.com P.0.Jugiana,Ludhiana,Punjab, CIN L28910PB1979PLC004008 India-141120 S.R.Batliboi &Co.LLP 67,InstitutionalArea Sector44,Gurugram-122003, CharteredAccountants Haryana.India Tel:+911246816000 IndependentAuditor’sReviewReportontheQuarterlyandYeartoDateUnauditedStandaloneFinancial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations,2015,asamended Review Reportto TheBoardofDirectors Happy ForgingsLimited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Happy Forgings Limited (the “Company”) for the quarter ended September 30, 2026 and year to datefrom April 01, 2026 to September 30, 2026 (the “Statement”) attached herewith, being submitted by the CompanypursuanttotherequirementsofRegulation33oftheSEBI(ListingObligationsandDisclosure Requirements)Regulations,2015,asamended(the“ListingRegulations”). 2. TheCompany’sManagementisresponsibleforthepreparationoftheStatementinaccordancewiththe recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed underSection 133 oftheCompanies Act,2013as amended, read with relevant rules issued thereunderand otheraccounting principlesgenerally accepted in India and in compliancewith Regulation 33ofthe Listing Regulations.TheStatementhasbeenapprovedby theCompany’sBoardofDirectors.OurresponsibilityistoexpressaconclusionontheStatementbased onourreview. 3. We conducted ourreview oftheStatement in accordance withthe Standard on Review Engagements (SRE)2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”issuedbytheInstituteofCharteredAccountantsofIndia.Thisstandardrequiresthatweplanand 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.AreviewissubstantiallylessinscopethananauditconductedinaccordancewithStandards onAuditingandconsequentlydoesnotenableustoobtainassurancethatwewouldbecomeawareofall significantmattersthatmightbeidentifiedinanaudit.Accordingly,wedonotexpressanauditopinion. 4. Basedonourreviewconductedasabove,nothinghascometoourattentionthatcausesustobelievethat theaccompanyingStatement,prepared inaccordancewiththerecognition andmeasurementprinciples laid down in theaforesaidIndian AccountingStandards(‘Ind AS’)specifiedunderSection 133of the Companies Act,2013 as amended, read with relevant rules issued thereunder and other accounting principlesgenerallyacceptedinIndia,hasnotdisclosedtheinformationrequiredtobedisclosedinterms of the ListingRegulations, including the mannerin which it isto be disclosed, or that it containsany materialmisstatement. ForS.R.Batliboi&Co.LLP CharteredAccountants ICAI Firm registrationnumber:3O1OO3E/E3OOOO5 perPravinTulsyan Partner MembershipNo.:108044 UD1N:26108044KTTHSG5559 Place:Gurugram Date:November05,2026 S.R.Batliboi&Co.LLP,aLimitedLiabilityPartnershipwithLLPIdentityNo.AAB-4294 Regd.Office:22,CamacStreet,Block'B',3rdFloor,Kolkata-700016 HappyForRinRSLimited (CINNo.:L28910PB1979PLC004008) H ReRd.B-XXIX-2254/1,KanRanwalRoad,P.O.Jugiana,Ludhiana141120,Punjab TelNo.:0161-5217162Email:complianceofficer@happyforRinRsltd.co.inWebsite:https://happyforRinRsltd.com StatementofUnauditedStandaloneFinancialResultsfortheQuarterandHalfYearEndedSeptember30,2026 AllamountinRs.lacs,exceptpersharedataandunlessotherwisestated) HAPPYFORGINGSLIMITED SI. QuarterEnded HalfYearEnded YearEnded No. Particulars September30, June30,2026 September30,2025 September30,2026 September30,2025 March31,2026 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Income 1 Revenuefromoperations 50,074.96 44,942.23 37,738.55 95,017.19 73,118.89 1,54,633.56 2 Otherincome 830.59 1,108.36 625.08 1,938.95 1,660.23 3,081.43 3 TotalIncome(A) 50,905.55 46,050.59 38,363.63 96,956.14 74,779.12 1,57,714.99 4 Expenses Costofrawmaterialsandcomponentsconsumed 20,989.26 18,780.04 14,910.23 39,769.30 29,485.25 60,676.81 Changesininventoriesoffinishedgoods,work-in-progressandscrap (1,376.94) (1,110-80) 66.30 (2,487.74) 378.62 2,504.00 Employeebenefitsexpense 4,087.11 3,869.63 3,372.26 7,956.74 6,581.00 13,658.30 Financecosts 297.05 306.25 189.07 603.30 419.55 1,047.31 Depreciationandamortisationexpense 2,785.47 2,623.66 2,155.47 5,409.13 4,210.72 8,904.29 Otherexpenses 11,062.54 9.31/.93 /,809.68 20,380.4/ 14,9/8.82 30,/24.90 5 Totalexpenses(B) 37.844.49 33,786.71 28,503.01 71,631.20 56.053.96 1,17,515.61 6 Profitbeforetax(C-A-B) 13,061.06 12,263.88 9,860.62 25,324.94 18,725.16 40,199.38 7 Taxexpense Currenttax(net) 3,146.88 2,870.91 2,378.04 6,017.79 4,544.11 9,145.76 Adjustmentsofcurrenttaxrelatingtoearlieryears 0.26 0.26 (157.29) Deferredtax 162.86 246.63 138.75 409.49 268.20 1.046.94 8 Totaltaxexpense(D) 3,310.00 3,117.54 2,516.79 6,427.54 4,812.31 10,035.41 9 Profitfortheperiod/year(E=C-D) 9,751.06 9,146.34 7,343.83 18,897.40 13,912.85 30,163.97 10 Othercomprehensiveincome/(loss)(OCI) Othercomprehensiveincomenottobereclassifiedtoprofitorlossin subsequentperiod/year Remeasurement(loss)/gainondefinedbenefitplans (62.67) 25.05 7.64 (37.62) 15.28 184.89 Less:Incometaxeffectonabove 15.77 (6.30) (1.92) 9.47 (3.84 (46.53) (46.90) 18.75 5.72 (28.15) 11.44 138.36 Othetcomprehensiveincome/(loss)tobereclassifiedtoprofitorlossin subsequentperiod/year Netmovementoneffectiveportionofcashflowhedges 154.27 300.17 8.46 454.44 (616.06) (319.30) Less:Incometaxeffectonabove (38.89) (75.55 (2.13 (114.44) 155.05 80.36 115.38 224.62 6.33 340.00 (461.01 (238.94 Totalothercomprehensiveincome/(loss)/(OCI),netoftax(F) 68.48 243.37 12.05 311.85 (449.57 (100.58) 11 Totalcomprehensiveincomefortheperiod/yearnetoftax(G=E+F) 9,819.54 9,389.71 7,355.88 19,209.25 13,463.28 30,063. 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