submission of newspaper publication done in Makkal Kural and Business Line on 7th November 2026 for unaudited finacial results 30 september 2026

8 November 2026 The Deputy General Manager National Stock Exchange of India Ltd Corporate Relationship Department ‘Exchange Plaza’, Bandra – Kurla Bombay Stock Exchange Limited, Complex, Rotunda Building, P.J. Towers, Bandra (E), Mumbai – 400 051 First Floor, New Trading Wing, Dalal Scrip Code - MMFL Street, MUMBAI –400 001 Scrip Code - 522241 Dear Sirs, Sub.: Unaudited Financial Results for the quarter and half year ended 30 September, 2026 - published. The published unaudited financial results for the quarter and half year ended 30 September 2026 is enclosed for your records, as per Regulation 47 of SEBI (LODR) Regulations, 2015. It was published in: 1. Makkal Kural and 2. Business Line Please take it on records. Thanking you, Yours faithfully, For M M FORGINGS LIMITED S Muthukrishnan Company Secretary & Compliance Officer Membership No. F 9420 news bl CHENNAI 7 businessline. SATURDAY-NOVEMBER7-2026 Hindalco net up 59%; aims to cut Novelis’ debt-to-EBITDA to 2.5x STRONG QUARTER.Revenue up 39% to ₹91,708 crore in second quarter; MD Satish Pai expects coal prices to go up 5% in the December quarter on higher demand, tighter supply to ₹13,757 crore. Aluminium business model across up- downstream businesses, he ling, aluminium battery foil, EBITDA ratio down to 2.5x commitment that in Q4 the wego facility following the Suresh P Iyengar sales were almost flat at 3.45 stream metals and down- added. “We expect coal Aditya FRP and Inner by FY31. The company ex- net debt-to-EBITDA will be fire. The company expects Mumbai lakh tonnes but revenue in- stream value-added prices to increase further by Grooved Tubes will acceler- pects debt reduction to at four [times],” he said. incremental earnings and creased 33 per cent to products. 5per cent in the December ate the share of non-LME- gather momentum from Q3 The completion of the Bay improved cash flows to Hindalco Industries has re- ₹13,364 crore. EBITDA per While the aluminium up- quarter due to higher de- linked businesses, said Pai. as capex on major projects Minette project-related debt strengthen its balance sheet. ported a net profit of ₹7,533 tonne was up at $2,125. stream business registering mand and tight supply. The nears completion, EBITDA commitments, coupled with Pai said the company’s di- crore in the September 2026 an EBITDA growth of 55 per current coal inventory levels ‘REACHED THE PEAK’ improves and stronger free improving earnings and cash versified business model quarter, up 59 per cent from COAL PRICES OUTLOOK cent, the non-LME-linked in the factory are low and the The company expects its cash flows are deployed to- generation, will aid the de- would also support its finan- the ₹4,741 crore it posted in Satish Pai, MD, Hindalco In- businesses also recorded company has to buy the spot consolidated debt to have wards repayment. leveraging, Pai added. cial performance, with up- the year-ago period, on the dustries, said despite high EBITDA growth of nearly 50 auction as the linkage supply peaked at about ₹80,000 Paisaid the company has The debt reduction plan stream aluminium, down- back of better realisation. coal and calcined petroleum per cent, supported by stable was curtailed,” Pai said. crore and is preparing to em- more or less reached the comes after a period of sub- stream aluminium, copper Revenue increased 39 per coke prices, the company has operations at Novelis and a Looking ahead, the com- bark on a sustained delever- peak now. “Debt will start stantial investments by Nov- and specialty alumina cent to ₹91,708 crore, while delivered record profit on record quarter in the copper missioning and ramp-up of aging cycle, with a target to coming down from next elis in capacity expansion providing different earnings EBITDA was up 42 per cent the back of an integrated downstream and aluminium Bay Minette, copper recyc- bring Novelis’ net debt-to- quarter. We have made a firm and the restoration of its Os- drivers. GTLplans ₹3,500 cr capex, eyes20% rise in pipeline Avinash Nair Ahmedabad GSPL Transmission Ltd (GTL), a Gujarat-based nat- ural gas transmission infra- structure company, plans to invest around ₹3,500 crore e to expand its natural gas e 1 pipeline network, with the 1 8 bulk of the investment dir- 8 4 ected towards increasing 4 the capacity of its existing NEW CORRIDORS.The grid and extending capex plan covers about 10 connectivity. pipeline and connectivity “The capex plan is for the projects, aggregating next two-three years. It is approximately 700 km broadly divided into two parts. One is capacity ex- penditure will be directed pansion of our existing net- towards capacity expan- work, where we will be lay- sion, while the remaining ing new and loop lines investment will go towards connecting existing entry extending the pipeline net- and exit points. Apart from work to new areas, the man- that, we will be covering agement said. new geographical areas The expansion pro- within Gujarat,” the man- gramme is expected to in- agement told businessline crease the capacity of its on Friday. high-pressure grid to around 44 million standard CAPEX PLAN cubic metres per day The capex plan covers (mscmd) from the current about 10 pipeline and con- 36-37 mscmd, as determ- nectivity projects, aggregat- ined by the Petroleum and ing approximately 700 km. Natural Gas Regulatory This includes capacity aug- Board. This represents an mentation through new and increase of approximately loop lines connecting exist- 20 per cent in the grid’s ing entry and exit points, rated transmission capa- alongside the development city. On funding, the com- of new pipeline corridors to pany said the expansion expand the geographical would be largely financed reach. through internal accruals, Around 60-65 per centof supported by cash balances the proposed capital ex- and operating cash flows. Gujarat Energy inks 10-year LNG deal with ADNOC Our Bureau million tonnes per annum Ahmedabad of marketable LNG beyond 2030. “This agreement with Gujarat Energy Ltd (GEL), Gujarat Energy strengthens formerly Gujarat Gas Ltd, ADNOC’s long-standing has signed a 10-year agree- energy partnership with In- ment with Abu Dhabi Na- dia. It represents the first tional Oil Company (AD- sale of molecules from NOC) to procure up to 4 XRG’s international portfo- million tonnes of LNG, with lio, reinforcing our commit- supplies scheduled to begin ment to delivering reliable, in 2028, as the company long-term LNG supplies,” looks to strengthen its long- Rashid Al Mazrouei, Chief term gas sourcing portfolio. Marketing and Origination Under the agreement, Officer (LNG), said. Gujarat Energy will procure For Gujarat Energy, the LNG from the international agreement is expected to gas portfolio of XRG, AD- strengthen supply security NOC’s international invest- for its expanding customer ment company. base, which includes indus- The agreement marks the trial, commercial, domestic first procurement of LNG and automobile consumers. molecules from XRG’s in- “Natural gas is central to ternational portfolio and is driving India’s shift toward ADNOC’s fifth LNG supply cleaner energy, acting as a agreement in India, the crucial lower-carbon option company said on Friday. that boosts industrial effi- The deal will be executed ciency, offers households a through ADNOC’s global safer cooking fuel, and ac- LNG marketing and trading celerates the growth of eco- platform, launched in Abu friendly transportation,” Dhabi Global Market in July MD Avantika Singh Aulakh 2026, which is targeting 47 said. Gujarat Pipavav Port delays commissioning of liquid jetty Aggarwal said the delay was Avinash Nair related to the overall con- Ahmedabad struction of the jetty. The jetty is a key part of Gujarat Pipavav Port Ltd GPPL’s plans to expand its (GPPL) has pushed back the liquid cargo handling busi- commissioning of its three- ness, with the company ex- million-tonne liquid jetty pecting volumes to rise by three to four months sharply over the next three from [Showing first 8,000 characters — download PDF for full document]