Resignation of Senior Management Personnel

SGL- 19/Sec/2026-27 29th July, 2026 National Stock Exchange of lndia Limited BSE Limited Exchange Plaza, 5th Floor 1st Floor Plot No.C-1, Block G New Trading Ring, Rotunda Building Bandra-Kurla Complex P J Towers, Dalal Street Bandra (E), Fort, Mumbai - 400 051 M u m b a i - 4 0 0 0 0 1 Stock Code: SHANTIGEAR Stock Code: 522034 Through NEAPS Through BSE Listing Centre Dear Ma’am/ Sir, Sub: Outcome of Board Meeting Further to our letter dated 17th July, 2026 we write to inform that at the meeting held today (i.e., 29th July, 2026), the Board of Directors of the Company has approved the following: 1) Unaudited Financial Results for the quarter ended 30th June, 2026 The Board of Directors of the Company, at its meeting held today (i.e., 29th July, 2026), approved the unaudited financial results for the quarter ended 30th June, 2026. Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we wish to inform you that the Board of Directors at their Meeting held today has inter alia, approved the Unaudited Standalone Financial Results of the Company for the quarter ended 30th June, 2026. In this regard, a copy of the said Financial Results together with the Limited Review Report of M/s. MSKA & Associates, Chartered Accountant & Statutory Auditor of the Company is enclosed herewith. An extract of the aforesaid financial results in the manner prescribed under the SEBI Listing Regulations will be published in Thamizh and English newspapers within the time stipulated. A copy of the press release made with regarding to the Unaudited Financial Results for the quarter ended 30th June, 2026 is further enclosed. 2) Resignation of Senior Management Personnel. Mr. Malliraj S would be stepping down as Head – Strategic Sourcing of the Company effective closing hours of 15th September, 2026 due to personal reasons. A copy of the resignation letter received from Mr. Malliraj S is enclosed. Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure – I. The Board meeting commenced at 12.00 PM and concluded at 12.30 PM This is for your kind information and records. Thanking you, Yours faithfully, For Shanthi Gears Limited Walter Vasanth P J Company Secretary & Compliance Officer Shanthi Gears Limited CIN: L29130TZ1972PLC000649 Regd. Office: 304-A, Trichy Road, Singanallur, Coimbatore - 641005 | Tel: +91-422-4545745 | Fax: +91-422-4545700 Email: waltervasanthpi@shanthigears.murugappa.com | Website:www.shanthigears.com Statement of Financial Results for the Quarter ended 30 June 2026 (X Crores unless specified)| T Quarter ended Year ended S 30062026 | 31032026 | 30062025 | 3103202 o Pt udited 2| Audited Unaudited | reter Notes) | U2 e 1 |Revenue from Operations 1159 1350 13439 51874 Other income 436 585 371 1963 [Total income 11965 13035 138.66 538.35| 2 [Expenses [Cost of materals consumed 7087 7182 250) 25512 Changes in inventories of finished goods and work In-progress (038) @20) o) (10.46) Employee benefits expense 1978 18.42) 1935 7863 Depreciation and amortisation expense 506 a7 369 1606 Finance Costs 011 - - - Other expenses 2064 2421 2550) 9147 Total Expenses 10548 159 108,04 4307 3 _|Profit Before Tax and Exceptional Items (1-2) 14.17] 25.03| 30.62 107.48| 4 [Exceptional ltems Statutory Impact of new Labour Code (Refer Note 4) : 322 - 78] 5 [Profit Before Tax (34) 1017 2.8 062, 10270 6 [Tax Expense Current tax Yy 590 335 2738 Deferred tax (beneit) / charge (©55) 0:36) (0.33) (1.39) Total Tax Expense 432 554 793 26,0 7 [Profit After Tax 5-6) 985 16.27] 269 7656 & [Other comprehensive income (net o t2x) items that will not be reclassfied to statement of profit and Iossin subsequent periods: Re-measuremengti n / (oss) on defined benefitobligations (Net) ] [ B (165 Income tax rlating o tem that will not b reclassifie to statement of proft and loss siasuent peiods " 1 038 ] o4z Other comprehensive income (10s) for the period year - (w10) - w23) 5 [Total comprehensive income (7+8) 985 157 269 75.43] 10 [Paid up equity share capital (Face value of %1 each) 7.67| 7.67] 7.67] 7.67| 11 [Reserves and surplus (.. Other eauity) w3239 13 |Earings Per Share (€PS) ofFace value of ¥ each (Not annalised for the quarters) BasicEPs T 173 213 296 959 Diluted EPST 128 212 296 999 Notes 1. These unaudited financial results have been prepared in accordance with the recognition and measurement principles provided in Indian Accounting Standards| Interim Financial Reporting, prescribed under Section 133 of the Companies Act, 2013 ('the Act) read with relevant rules issued there under (1nd AS 34') and otherl recognized accounting principles generally accepted in India and is in compliance with the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations| and Disclosure Requirements) Regulations, 2015 as amended. The above financial results were reviewed by the Audit Committee and approved by the Board of of the Company at the respective meetings held on 29 July 2026 and has been subjected to limited review by the Statutory Auditors of the Company. 2. The Company's main business is manufacture of Gearboxes and Gear Products. There are no separate reportable segments as per Ind AS 108- Operating Segments. 3. The figures of the last quarter of the financial year ended 31 March 2026 are balancing figures between the audited figures in respect of the previous financial year| and the published year-to-date figures up to the third quarter of the previous financial year prepared in accordance with the recognition and measurement principles Iz down in the Indian Accounting Standards which were subjected toa limited review. /4. On 21 November 2025, the Government of India notified the four Labour Codes - the Code on Wages 2019, the Industrial Relations Code 2020, the Code on Sociall Security, 2020 and the Occupational Safety, Health and Working Conditions Code 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment] published draft central rules and FAQs to enable assessment of financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these chenges on the basis of actuarial valuation obtained and the best information available, consistent with the guidance provided by the Institute off |Chartered Accountants of India. The incremental impact in the provision for Defined benefit obligation amounting to 3.22 Cr for the quarter ended 31 March 2026 2nd| 1%.4.78 Cr in the audited financial results for the year ended 31 March 2026, arises primarily due to a change in the wage definition, and has been presented as "Statutory| impact of new labour code” under "Exceptional items". The Company continues to monitor the finalization of Central / State Rules and the clarification from the| (Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 5. The preparation of Consolidated Financial Resuts for the quarter ended 30 June 2026 are not applicable since the Company does not have any Subsidiary / Associate /| Joint Venture. 6. Previous period / year figures have been re-grouped wherever necessary. 7. The above financial results are also available on our website www.shanthigears.com or and on pehalf of the Board of Directors. ™ Rarunakaran Place : Coimbatore Whole-time Director & CEO Date : 29 July 2026 (DIN-09004843) MSKA & Associates LLP eo o Row, iy . Olympia Cyb , 10th (Formerly known as M S K A & Associates) Chennai 600032, INDIA Chartered Accountants Independent Auditor’s Review Report on unaudited financial results of Shanthi Gears Limited for the quarter ended 30 June 2026 pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Shanthi Gears Limited 1. We have reviewed the accompanying statement o [Showing first 8,000 characters — download PDF for full document]