Outcome of Board Meeting

November 6, 2026 BSE Limited National Stock Exchange of India Limited Luxembourg Stock Exchange Scrip Code: 500440 Scrip Code: HINDALCO Scrip Code: US4330641022 Sub: Outcome of the Board Meeting. Ref: a. Regulations 30 (read with Schedule III- Part A) & 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015; b. ISIN: INE038A01020 and c. Our Intimation dated September 25, 2026. Pursuant to the above referred, kindly note that the Board of Directors of the Company at its meeting held today, inter alia, considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 [“Results”]. The Results along with Limited Review Reports are attached for your records. The meeting commenced at 12:15 p.m. & concluded at 1:30 p.m. Also please note that the Trading window for dealing in the Company’s securities shall remain closed until 48 hours from this announcement. The same is being communicated to all designated persons. The above is made available on the website of the Company i.e., www.hindalco.com This is for your information and record. Sincerely, Hindalco Industries Limited Geetika Anand Company Secretary and Compliance Officer Encl: a/a Hindalco Industries Limited Registered Office: 21st Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013, India |T: +91 22 69477000 / 69477150 I F: +91 2269477001/69477090 W: www.hindalco.com |E: hilinvestors@adityabirla.com | Corporate ID No.: L27020MH1958PLC011238 Price Waterhouse & Co Chartered Accountants LLP Review Report The Board of Directors Hindalco Industries Limited 21st Boor, One Unity Center, Senapati Bapat Marg, Prabhadevi, Delisle Road, Mumbai-400013 1. We have reviewed the standalone unaudited financial results of Hindalco Industries Limited (the "Company"), which includes its interest in joint operations and trusts (refer paragraph 3 of the report) for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026, and the notes that include the Statement of Standalone Assets and Liabilities as on that date and the Statement of Standalone Cash Flows for the half-year ended on that date which are included in the accompanying 'Statement of Standalone Unaudited Financial Results' (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 initialled by us for identification purposes. This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion 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. 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. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, 2015, to the extent applicable. 3. The Statement includes the results of the entities listed in Annexure A. 4. Based on our review conducted and procedures performed as stated in paragraph 2 above and based on the consideration of the review report of the auditor referred to in paragraph 5 below, 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 recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India 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. Charter AAC-43 026Ell:~JOlll) 2,9 umba1 * ~ Price Waterhouse & Co Chartered Accountants LLP, 252, Veer Savarkar Marg, Shivaji Park, est) Mumbai -400 028 T: +91 (22) 66697508 Registered office and Head office: Plot No. 56 & 57, Block ON, Sector-V, Salt Lake, Kolkata -700 091 Price Waterhouse & '?o. (a Partnership Fim,) converted in!o Price Wa_terhouse & 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 & Co Chartered Accountants LLP, its ICAI registration number is 304026E/E300009 (ICAI registration number before conversion was 304026E) Price Waterhouse & Co Chartered Accountants LLP The Board of Directors Hindalco Industries Limited Page 2 of 3 5. The interim financial statement of one trust reflect total assets of Rs. 607 crores and net assets of Rs. 14 crores as at September 30, 2026 and revenue from operations of Rs. Nil and Rs. Nil, net profit of Rs. 3 crores and Rs. 3 crores for the quarter ended and for the period from April 1, 2026 to September 30, 2026, respectively, and cash flows (net) of Rs. (4) crores for the period from April 1, 2026 to September 30, 2026, as considered in the Statement. The interim financial statements of the said trust have been prepared in accordance with generally accepted accounting principles applicable to trusts in India, which have been reviewed by the auditor of the said trust under the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", and upon which the trust's auditor vide their review report has issued an unmodified conclusion. The Company's Management has converted the interim financial statements of the said trust from the generally accepted accounting principles applicable to trusts in India to the Indian Accounting Standards specified under Section 133 of the Act. We have reviewed these conversion adjustments made by the Company's Management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the said trust is based on the review report of the other auditor and the conversion adjustments prepared by the Company's Management as reviewed by us and the procedures performed by us as stated in paragraph 2 above. 6. The Statement includes the interim financial information of nineteen joint operations and one trust, which have not been reviewed by their respective auditors, whose interim financial information reflect total assets of Rs. 74 crores and net assets of Rs. 70 crores as at September 30, 2026 and total revenue of Rs. Nil and Rs. Nil, total net profit after tax of Rs. 8 crores and Rs. 8 crores and total comprehensive income of Rs. 8 crores and Rs. 8 crores for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, and cash flows (net) of Rs. 7 crores for the period from April 1, 2026 to [Showing first 8,000 characters — download PDF for full document]