Please find enclosed herewith News Release issued by Novelis Inc. (wholly owned subsidiary) for Q1 FY27 results

August 5, 2026 BSE Limited National Stock Exchange of India Limited Luxembourg Stock Exchange Scrip Code: 500440 Scrip Code: HINDALCO Scrip Code: US4330641022 Sub: News Release and Earnings Presentation of Novelis Inc., a wholly owned subsidiary of Hindalco Industries Limited [“Company”] for its results of Q1 FY27. Ref: a. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and b. ISIN: INE038A01020. Novelis Inc., a wholly owned subsidiary of the Company has published its Q1 FY27 results on www.novelis.com. In this regard, please find enclosed the following: 1. News Release and 2. Earnings Presentation. The above information will also be made available on the Company’s website www.hindalco.com. This is for your information and record. Sincerely, for Hindalco Industries Limited Geetika Anand Company Secretary & 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 News Release Novelis Reports First Quarter Fiscal Year 2027 Results Q1 Fiscal Year 2027 Highlights • Net income attributable to our common shareholder of $164 million, up 71% YoY. Net income attributable to our common shareholder, excluding special items, was $265 million, up 128% YoY • Adjusted EBITDA of $516 million, up 24% YoY • Rolled product shipments of 916 kilotonnes, down 5% YoY • Adjusted EBITDA per tonne shipped of $563, up 30% YoY • Oswego hot mill resumed operations in early June ATLANTA, August 5, 2026 – Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, today reported results for the first quarter of fiscal year 2027. “We are pleased to start the new fiscal year on a positive note, supported by strong execution, favorable market trends and continued demand for sustainable aluminum solutions,” said Steve Fisher, president and CEO, Novelis Inc. “Momentum continues to build, buoyed by the successful restart of the Oswego hot mill in early June. At the same time, the initial commissioning of key assets at Bay Minette represents another important step in strengthening our operational capabilities and positioning Novelis for its next phase of growth." First Quarter Fiscal Year 2027 Financial Highlights Net sales for the first quarter of fiscal year 2027 increased 23% versus the prior year period to $5.8 billion. The increase was primarily due to higher average aluminum prices, partially offset by a 5% decrease in total rolled product shipments to 916 kilotonnes, driven mainly by an estimated 33 kilotonne negative shipment impact related to the Oswego production disruption from the fires in fiscal year 2026. Net income attributable to our common shareholder was $164 million in the first quarter of fiscal year 2027, a 71% increase from the prior year period. The increase was due primarily to favorable metal price lag resulting from higher metal prices, partially offset by $265 million in pre-tax net losses related to the Oswego fires. In addition, Adjusted EBITDA increased 24% year-over-year to $516 million in the first quarter of fiscal year 2027, driven primarily by lower aluminum scrap prices and cost efficiencies, which were partially offset by higher net tariffs. The estimated impact from the Oswego fires in Adjusted EBITDA is an $18 million benefit, as the favorable timing of insurance proceeds more than offset the estimated negative impact of production interruptions in the quarter. Net income attributable to our common shareholder, excluding special items, increased 128% year-over-year to $265 million. Net cash used in operating activities was an outflow of $455 million in the first quarter of fiscal year 2027, compared to a net cash inflow of $105 million in the prior year period, largely related to higher working capital from rising aluminum prices and impacts from the Oswego fires, net of insurance recoveries. Adjusted free cash flow was an outflow of $1.1 billion in the current year period, compared to the prior year period outflow of $295 million. The reduction in adjusted free cash flow is mainly driven by lower operating cash flow, as well as higher capital expenditures related to the Company's U.S. greenfield rolling and recycling plant in Bay Minette, Alabama, which has begun the commissioning process. The Company had a net leverage ratio (Adjusted Net Debt / trailing twelve months (TTM) Adjusted EBITDA) of 4.5x at the end of the first quarter of fiscal year 2027. Total liquidity stood at $2.1 billion as of June 30, 2026, consisting of $1.1 billion in cash and cash equivalents and $1.0 billion in availability under committed credit facilities. “With Oswego back online and Bay Minette's commissioning process getting underway, we are confident in our expectation to return to positive free cash flow in the fourth quarter of this fiscal year,” said Dev Ahuja, executive vice president and CFO, Novelis Inc. “Supported by ongoing cost discipline, expected insurance recoveries, and the continued strength of the underlying business, we anticipate beginning to deleverage as capital spending normalizes following the Bay Minette startup.” Update on Recovery at Oswego Plant In September 2025, a fire broke out at the Novelis plant in Oswego, New York. In November 2025, a second significant fire occurred at the Oswego plant in a location where repair work from the September fire was taking place. Everyone working at the plant was safely evacuated and there were no injuries to employees, contractors or first responders during either event. Both fire events were contained to the hot mill area and did not impact the rest of the plant. The Oswego hot mill restarted operations in early June, and production activities are ramping up to support pent-up demand and normalize shipments. First Quarter and Full Fiscal Year 2027 Earnings Conference Call Novelis will discuss its first quarter and full fiscal year 2027 results via a live webcast and conference call for investors at 7:00 a.m. EST/5:30 p.m. IST on Wednesday, August 5, 2026. The webcast link, presentation materials and access information can also be found at novelis.com/investors. To view slides and listen to the live webcast, visit: https://event.choruscall.com/mediaframe/webcast.html?webcastid=S1VxXbZR. To participate by telephone, participants are requested to register at: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13761757&linkSe curityString=1f2c5acadd. About Novelis Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a global leader in the production of innovative aluminum products and solutions and the world's largest recycler of aluminum. Our ambition is to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automotive, beverage packaging and specialties industries throughout North America, Europe, Asia and South America. Novelis had net sales of $18.4 billion in fiscal year 2026. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com. Non-GAAP Financial Measures This news release and the presentation slides for the earnings call contain non-GAAP financial measures as defined by SEC rules. We believe these measures are helpful to investors in measuring our financial performance and liquidity and comparing our performance to our peers. However, our non-GAAP financial measures may not be comparable to similarly titled non-GAAP [Showing first 8,000 characters — download PDF for full document]