Please find enclosed the Annual Report for the Financial Year 2025-26.

RAMKRISHNA FORGINGS LIMITED Date: 5t August 2026 To To The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze jeejeebhoy Towers, “Exchange Plaza” C-1, Block G, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai- 400 051 BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE Sub: Annual Report of the Company for the Financial Year 2025-26 Dear Sir/Madam, Pursuant to the provisions of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015['SEBI Listing Regulation’], please find enclosed the Annual Report of the Company for the Financial Year 2025-26, which has been sent through electronic mode today i.e. Wednesday, 5% August 2026 to those Members whose email ids are registered with the Company/Registrar & Transfer Agent (‘RTA")/Depository Participant(s) (‘DPs’). Further, in accordance with the Regulation 36(1)(b) of the SEBI Listing Regulation, a letter containing the web-link and the exact path to access the Annual Report for FY 2025- 26 and Notice of the 44t AGM on the Company's Website, will be sent to those Members who have not registered their Email Ids with the Company/RTA and DPs, in accordance with the provisions of the Companies Act, 2013 read with the applicable circulars issued by the Ministry of Corporate Affairs and provisions of the SEBI Listing Regulations. Copy of the Annual Report of the Company for the Financial Year 2025-26 is also being uploaded on the website of the Company at www.ramkrishnaforgings.com and the website of KFin Technologies Limited at www.kfintech.com, Request to kindly take the same into record. Thanking you. Yours faithfully, For Ramkrishna Forgings Limited Rajesh Mundhra Company Secretary & Compliance Officer ACS: 12991 Certified AN 2026-JAN 2027 Encl.: As above INDIA REGISTERED & CORPORATE OFFICE L 23 CIRCUS AVENUE, KOLKATA 700017, WEST BENGAL, INDIA PHONE: (+91 33) 7122 0900, EMAIL: info@ramkrishnaforgings.com, WEB: www.ramkrishnaforgings.com CIN NOC.: L74210WB1981PLC034281 CCOORRPPOORRAATTEE IINNFFOORRMMAATTIIOONN CIN: L74210WB1981PLC034281 Board of Directors Mr. Mahabir Prasad Jalan - Non-Executive Director - “Chairman Emeritus” Mr. Naresh Jalan - Managing Director Mr. Chaitanya Jalan - Whole-time Director Mr. Lalit Kumar Khetan - Whole-time Director Mr. Milesh Gandhi - Whole-time Director Mr. Ranaveer Sinha - Non-Executive, Independent Director Ms. Rekha Bagry - Non-Executive, Woman Independent Director Mr. Sanjay Kothari - Non-Executive, Independent Director Ms. Sucharita Basu De - Non-Executive, Woman Independent Director Mr. Chetan Rameshchandra Desai - Non-Executive, Independent Director (appointed w.e.f 29 April, 2026) Mr. Partha Sarathi Bhattacharyya - Non-Executive, Independent Director (ceased w.e.f 21 May, 2026) Mr. Sandipan Chakravortty - Non-Executive, Independent Director (ceased w.e.f 21 May, 2026) Company Secretary - Mr. Rajesh Mundhra Chief Financial Officer (CFO) - Mr. Lalit Kumar Khetan Registered and Corporate Office 23, Circus Avenue, Kolkata - 700 017 Telephone: 033-7122 0900 Email id – secretarial@ramkrishnaforgings.com Website: www.ramkrishnaforgings.com Plant Locations: Cost & Management Auditors Plant I: Bijay Kumar & Co Plot No: M-6, Phase VI, Gamaria, Cost & Management Accountants Jamshedpur - 832108, Jharkhand Flat No. 1/1 A- Block, AM Residency Balvihar Green, Sonari, Plant II: Jamshedpur- 831011 7/40, Duffer Street, Liluah, Howrah- 711204, West Bengal Secretarial Auditors Plant III & IV: MKB and Associates Plot No. M-15, 16 and NS-26, Phase - VII, Company Secretaries Adityapur Industrial Area, Jamshedpur - 832109, Jharkhand Shantiniketan Building, 5th Floor, Room No. 511 Plant V: 8 Camac Street, Kolkata -700017 Baliguma, Kolabira, Saraikela, Principal Bankers Kharsawan - 833220, Jharkhand State Bank of India Plant VI & VII: IDBI Bank Limited Plot No.1988, Plant - VII, Mauza Dugni, Export Import Bank of India Block- Saraikela, PO: Dugni, Saraikela, DBS Bank India Limited Kharsawan - 833220, Jharkhand DCB Bank Limited Plant VIII: ICICI Bank Limited Bholadih, PO Kolabira, Standard Chartered Bank Saraikela Kharsawan -833220, Jharkhand RBL Bank Limited Plant IX: Axis Bank Limited Plot No. 1988(P), Mauza Dugni, IndusInd Bank Limited Block Saraikela, Dugni Industrial Area Phase-I, International Finance Corporation Kharsawan - 833220, Jharkhand Kotak Mahindra Bank Limited Plant X: HDFC Bank Limited Plot No. A8/10/2, 01, IDFC First Bank Limited Chakan Industrial Estate, Phase IV, Bank of Baroda Nighoje -410501, Pune, Maharashtra JP Morgan Chase Bank Plant XI: YES Bank Limited Plot No.53-54, Sector-3, The Federal Bank Limited IMT- Manesar, Gurugram-122051 UCO Bank Joint Statutory Auditors Sumitomo Mitsui Banking Corporation S. R. Batliboi & Co. LLP, Chartered Accountants Registrar and Transfer Agents 22, Camac Street, 3rd Floor, Block ‘B’ KFin Technologies Limited Kolkata - 700016 Selenium Building, Tower B, S. K. Naredi & Co., LLP, Chartered Accountants Plot Nos. 31-32, Financial District, Park Mansions, Block -1, Room No. 5 Nanakramguda, Serilingampally 3rd Floor, 57A, Park Street Hyderabad- 500 032 Kolkata – 700016 Rangareddy, Telengana, India Internal Auditors Toll free: 1-800-309-4001 Singhi & Co., Chartered Accountants E mail: einward.ris@kfintech.com 161, Sarat Bose Road, Kolkata-700026 Website: www.kfintech.com FOCUS ON UPCOMING PAGES Directors’ Report 2 Management Discussion and Analysis 30 Corporate Governance Report 47 Standalone Financial Statements 73 Consolidated Financial Statements 153 Ramkrishna Forgings Limited Annual Report 2025-26 Statutory Reports DIRECTORS’ REPORT Dear Shareholders, The Board of Directors (“the Board”) are pleased to present the 44th Annual Report of Ramkrishna Forgings Limited (“the Company”) together with the Audited Standalone and Consolidated Financial Statements and Auditor’s Report thereon for the financial year ended 31 March, 2026. Financial Highlights The Company’s financial performance for the financial year ended 31 March 2026 are summarized below: (Amount ` in Lakhs) Standalone Consolidated Particulars Year ended Year ended Year ended Year ended 31st March, 2026 31st March, 2025 31st March, 2026 31st March, 2025 Sales and Operating Income (Net) 3,75,492.46 3,63,429.92 4,23,807.73 4,03,410.68 Other Income 1,896.97 1,863.99 1,311.65 2,638.60 Profit before Interest, Depreciation & Tax (incl. 58,539.85 50,798.42 65,581.74 58,594.11 Exceptional Item) Finance Cost 17,606.22 14,667.90 21,034.50 16,586.39 Depreciation 28,293.34 24,060.94 33,289.02 27,128.23 Profit Before Tax (before Exceptional Items and 12,640.29 12,069.58 11,258.22 14,879.49 tax) Exceptional Items (969.27) 10,287.33 (1,071.83) - Profit Before Tax 11,671.02 22,356.91 10,186.39 14,879.49 Provision for taxation: - Current Tax - 1,483.03 - 1,370.47 - Deferred Tax 3,020.49 (18,847.91) 1,211.21 (19,302.72) -Tax adjustments for earlier years (Net) - (460.22) 10.38 (454.09) Total Tax expenses (VIII) 3,020.49 (17,825.10) 1,221.59 (18,386.34) Profit After Tax (VII – VIII) 8,650.53 40,182.01 7179.73 41,502.52 Other Comprehensive Income (Net of Tax) (125.96) (93.42) 189.33 (66.11) Total Comprehensive Income for the year 8,524.57 40,088.59 7,369.06 41,436.41 State of Company’s Affairs vehicles and the sales of the M&HCV increased by around 13% to 4,22,998 Vehicles. Financial Performance USA segments: • Revenue from operations increased by 3.32% from ` 3,63,429.92 lakhs in FY 2024-25 to ` 3,75,492.46 lakhs in FY The sector experienced a down year in heavy-duty metrics, with 2025-26. Class 8 retail sales declining approximately 13-14% year-over-year to around 2,08,000-2,10,000 Vehicles. This reflected extended • Export sales decreased by 19.94% from ` 1,48,209.02 lakhs in weak freight demand, high costs, tariff-related uncertainties, and FY 2024-25 to ` 1,18,655.36 lakhs in FY 2025-26. deferred purchases, keeping sales below replacement levels for • EBIDTA from Operations (without Other Incom [Showing first 8,000 characters — download PDF for full document]