Outcome of Board Meeting

06th November, 2026 The Manager, The Manager, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 544320 NSE Symbol: CARRARO Sub.: Outcome of the Board Meeting. Ref.: Regulation 30 (read with Part A of Schedule III) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Dear Sir/Madam, Pursuant to the above-referred Listing Regulations, we hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e. 06th November, 2026, inter-alia considered and approved the unaudited financial results, both standalone and consolidated, for the quarter and half-year ended 30th September, 2026 (“Unaudited Financial Results”). Pursuant to the Listing Regulations, we enclose the following: i. Unaudited Financial Results; and ii. Limited Review Reports, with unmodified opinion, issued on the Unaudited Financial Results, by the Statutory Auditors. The Board meeting commenced at 1.30 p.m. (IST) and concluded at 3.15 p.m. (IST). The above information will also be available on Company’s website at www.carraroindia.com. This is for your information and records. Thanking you, Yours faithfully, For Carraro India Limited Mr. Mohith Kumar Khandelwal Company Secretary and Compliance Officer Membership No.: F11243 Encl.: As above. Carraro India Limited (Formerly known as Carraro India Private Limited) CIN: L52609PN 1997PLC132629 RegisteredO ffice : B2/2 MIDC, Ranjangaon, 412220, Pune, India Statement of Unaudited Standalone Financial Resultsf or the Quarter and Half year ended 30th September,2 026 All amountsa re in R Millions unless otherwise stated Particulars Quarter ended Half year ended Year ended 30th September, 30th June, 2026 30th September, e 2026 1 31" March, 2026 2025 2025 (Unauditedl t MA Income I. I Revenue from operations 6,924.17 5,401.67 5,818.41 12,325.84 10,710.26 22,388.94 II. I Other income 162.33 140.34 68.47 302.67 138.64 285.37 III. 1 Total income tI+II) 7,086.50 5,542.01 5,886.88 12,628.51 10,848.90 22,674.31 IV. Expenses (a.) Cost of materials consumed 5,292.51 4.262.42 4,346.10 9,554.93 7,947.16 16,524.07 (b) Purchase of traded goods 101.92 101.92 (c) Changes in inventories of finished goods and work-in-progress 17.39 (241.28) 18.47 (223.89) (19.23) 38.28 (d) Employee benefits expense 405.59 416.47 383.88 822.06 763.47 1,539.01 {e) Finance costs 50.24 43.21 51.95 93.45 103.46 194.28 {f) Depreciation and amortisation expenses 111.44 109.97 111.55 221.41 219.74 441.77 (g) Other expenses 560.09 540.81 564.55 1,047.74 2,155.42 Total expenses 6,539.18 5,131.61 5,476.50 10,062.34 20,892.83 V. Profit before exceptional items and tax (III-IV) 547.32 410.40 410.38 957.73 786.56 Mg VI. I ExceptionalI tem 88.72 VII. I Profit before tax (V-VI) 547.32 410.40 410.38 957.73 786.56 VIII. I Tax expense (a) Current tax 122.72 106.33 97.73 229.05 189.50 434.20 (b) Deferred tax / (credit) 9.85 (2.42) 6.69 7.43 6.04 (21.29) Total tax expense 132.57 103.91 104.42 236.48 195.54 412.91 IX. I Pr,fit f,r th, p„i,d/y„, tVll-VIII) 414.75 306.49 305.96 721.25 591.02 1,279.85 x. I Other comprehensive income Items that will not be reclassified subsequently to profit or loss i) Remeasurement of net defined benefit liability 5.80 (17.10) (3.07) (11.29) (4.70) 24.99 ii) Income tax relating to other comprehensive income (1.46) 4.30 0.77 2.84 1.18 (6.29) Other comprehensivei ncome,n et of tax 4.34 (12.80) m3 18.70 XI. 1T otal comprehensivei ncome (IX+X) 419.09 293.69 303.66 712.80 587.50 1,298.55 XII. Paid up EquIty CapItal (Face value 1 10/- per share) 568.52 568.52 568.52 568.52 568.52 568.52 XIII. I Other Equity 5,185.56 XIV. Earning per share of face value of X 10/- each Not annualised Not annualised Not annualised I Not annualised I Not annualised Annualised Basic ( in !) 7.30 5.39 5.38 12.69 10.40 22.51 Diluted ( in R) 7.30 5.39 5.38 12.69 10.40 22.51 Carraro India Limited (Formerly known as Carraro India Private Limited) CIN: L52609PN1997PLC132629 Registered Office : B2/2 MIDC, Ranjangaon, 412220, Pune, India Statement of Unaudited Standalone Assets and Liabilities as at 30th September, 2026 All amounts are in ! Millions unless otherwise stated Standalone Particulars ,”” ASSETS 1) Non-current assets a) Property, plant and equipment 3,150.78 3,212.87 b) Right-of-use assets 283.45 289.51 c) Capital work-in-progress 17.91 2.46 d) Intangible assets 234.95 242.49 e) Financial assets i) Investments 239.82 239.82 ii) Other financial assets 42.32 42.32 f) Deferred tax assets (net) 25.49 30.08 g) Non-current tax assets (net) 430.17 325.47 h) Other non-current assets 30.62 4.58 Total non-current assets 5 4,389.60 2) Current assets a) Inventories 3,761.43 3,174.14 b) Financial assets i) Trade receivables 3,817.83 3,700.96 ii) Cash and cash equivalents 901.94 803.21 iii) Other financial assets 11.58 c) Other current assets 837.73 645.78 Total current assets &318.93 3 TOTAL ASSETS 3 12,725.27 EQUITY & LIABILITIES Equity a) Equity share capital 568.52 1 568.52 b) Other equity 5,514.60 5,185.56 Total equity 6,083.12 5,754.08 Liabilities 1) Non-current liabilities a) Financial liabilities i) Borrowings 373.75 1,076.25 ii) Lease liabilities 124.98 128.22 b) Provisions 573.56 557.15 Total non-current liabilities 0 W2 2) Current liabilities a) Financial liabilities i) Borrowings 1,421.78 338.65 it) Lease liabilities 6.37 6.12 iii) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises 598.94 576.71 (b) Total outstanding dues of creditors other than micro enterprises and 4,023.00 3,626.52 small enterprises iv) Other financial liabilities 119.90 116.15 b) Other current liabilities 202.99 188.37 c) Provisions 246.05 357.05 Total current liabilities 6 0 TOTAL EQUITY AND LIABILITIES 13,774.44 7 Carraro India Limited (Formerly known as Carraro India Private Limited) CIN: L52609PN1997PLC132629 Statement of Unaudited Standalone Cashflows for the half year ended 30th September, 2026 All amounts are ! in Millions unless otherwise stated Half year ended Year Ended Particulars S As at 31" March, September, 2026 11 S eptember, 2025 2026 (Unaudited) (Unaudited) (Audited) Cash flows from operating activities Profit before tax 957.73 786.55 1,692.76 Adjustments for: Depreciation and amortisation expenses 221.41 219.74 441.77 Allowance for expected credit loss/(written back) (0.53) 10.72 Creditors/Provisions( written back) (4.99) (83.79) Interest on lease liability 6.48 6.77 13.40 Interest on borrowing 78.61 95.38 175.55 (Gain) on sale of Property Plant and Equipment (0.13) (1.40) (1.46) Gain on sale of mutual funds (0.86) (1.83) (9.09) Unrealised Exchange loss/(gain) (10.27) 24.45 26.53 Dividend Income (68.29) Interest income (42.99) (0.11) (0.21) Operating cashflows before working capital changes 1,136.17 1,129.55 2,266.18 Movements in working capital: (Increase)/Decrease in Trade Receivables (135.24) (334.24) (831.64) (Increase)/Decrease in Inventories (587.29) (37.27) ( 186.90) (Increase)/Decrease in Other Non Current Assets 1.06 1.71 1.97 (Increase)/Decrease in Other Non Current Financials Assets 0.08 Decrease/ (Increase) in Other Current Financials Assets and loans 0.05 (26.90) (Increase)/Decrease in Other Current Assets (191.95) (104.44) Increase/(Decrease) in Trade Payables 462.15 319.06 Increase/(Decrease) in Other financial liabilities 48.55 0.11 Increase/(Decrease) in Other current liabilities 14.63 5.64 4.83 Increase/(Decrease) in Long Term Provisions 5.12 (17.59) 95.33 Increase/{Decrease) in Short Term Provisions (111.00) 72.27 52.30 Cash generated from operations 642.25 1,007.98 1,770.23 Income taxes paid (290.90) (223.30) (461.30) Net cash generated from operating activities (A) 351.35 784.68 1,308.93 Cash flows from investing activities (Purchase) of Property, plant and equipment(including capital work.in-progress, capital advanc [Showing first 8,000 characters — download PDF for full document]