Kalyani Forge Limited Press Release titled "Kalyani Forge Reports Q1 FY27 Results: PAT Surges Over 200% YoY; EBITDA Margin 16.2%, ROCE Crosses 20% Target for the First Time".

August 12, 2026 Bombay Stock Exchange Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Tower, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai-400001 Bandra (E), Mumbai-400051 Scrip Code: 513509 Symbol: KALYANIFRG Sub: Press Release on unaudited standalone financial results for quarter ended on June 30, 2026. Dear Sir/Madam, Please find enclosed the press release titled “Kalyani Forge Reports Q1 FY27 Results: PAT Surges Over 200% YoY; EBITDA Margin 16.2%, ROCE Crosses 20% Target for the First Time”. The above press release will also be available on the website of the Company at www.kalyaniforge.com Kindly take the same on record and acknowledge. Thanking you, For Kalyani Forge Limited Anup Sancheti Company Secretary & Compliance Officer A49266 CIN: L28910MH1979PLC020959 REGD OFFICE: Shangrila Gardens, 1st Floor, ‘C’ Wing, Opp. Bund Garden, Pune: 411001 Tel. +91 2137 252335/755 Fax +91 2137 252344 Website: www.kalyaniforge.com Email: companysecretary@kforge.com Press Release Kalyani Forge Reports Q1 FY27 Results: PAT Surges Over 200% YoY; EBITDA Margin 16.2%, ROCE Crosses 20% Target for the First Time PUNE, INDIA — August 11, 2026: The Company today announced its financial and operational results for the quarter ended June 30, 2026. Demonstrating resilient operational execution amidst sector shifts, the Company reported significant bottom-line growth, expanding margins, stringent cost controls, and continued progress on its capital efficiency goals. Q1 FY27 Financial Highlights (Unaudited) • Total Income: ₹6,707.28 Lakhs, compared to ₹6,452.67 Lakhs in Q1 FY26 and ₹5,924.24 Lakhs in the preceding quarter • Profit Before Tax (PBT): ₹615.33 Lakhs, up over 203% compared to ₹202.57 Lakhs in Q1 FY26, and marginally ahead of ₹612.94 Lakhs in the preceding quarter • Profit After Tax (PAT): ₹447.96 Lakhs, up over 218% compared to ₹140.65 Lakhs in Q1 FY26 • EBITDA Margin: Expanded to 16.2%, up 640 basis points year-on-year • Return on Capital Employed (ROCE): Improved to 22%, crossing the Company's 20% target for the first time • Earnings Per Share (EPS): Basic and Diluted EPS for the quarter stood at ₹12.31 EBITDA Margin 18.0% 16.2% 15.7% 15.2% 16.0% 14.0% 12.7% 12.0% 9.8% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Q1 26 Q2 26 Q3 26 Q4 26 Q1 27 Management Commentary Commenting on the results, Mr. Viraj Kalyani, Managing Director and CEO, Kalyani Forge Limited, said: “Q1 FY27 marks our strongest opening quarter in recent years. We more than tripled our profit after tax year-on-year and crossed the 20% ROCE threshold for the first time — proof that the operational and financial discipline we've built over the past several quarters is compounding. Our new inventory policy, tighter cost controls, and continued focus on our top strategic accounts are translating directly into margin and capital efficiency gains. We are equally focused on the road ahead. New order wins in our wheel hub business — representing an incremental ₹20 crore of annual revenue potential with marquee global customers — are progressing alongside a disciplined, low-capex approach to capacity expansion. We are also strengthening our balance sheet foundations through a comprehensive clean audit roadmap and enhanced receivables governance, including weekly ageing reviews and dedicated recovery mechanisms for legacy accounts. Our priorities for Q2 are clear: improve Overall Equipment Effectiveness in our Forge Shop, accelerate collections, and convert our strengthening order pipeline into revenue.” Operational & Strategic Highlights • Cost Reduction & ‘Vriddhi Council’ Initiatives: A primary focus remains on comprehensive cost reduction and Overall Equipment Effectiveness (OEE) improvement. The internal ‘Vriddhi Council’ has realized ₹19.1 Crores in savings to date, positioning the Company to pursue its annual target of ₹50 Crores. • Working Capital Optimization: The Cash Conversion Cycle improved significantly to 148 days from 168 days in the preceding quarter, with an ongoing target to reduce this further to 120 days. Trade receivables stand at ₹124.21 Crores. To accelerate realization and maintain liquidity, management is leveraging bill discounting frameworks and enforcing recovery policies within applicable legal parameters, alongside strengthened credit control and collection monitoring to improve receivable performance on a sustained basis. • Conservative Capital Expenditure: Continuing a disciplined approach to capital allocation, the Company commissioned its second conrod production line for a key customer program, utilizing existing infrastructure and requiring zero additional capex. Similarly, the Company's ongoing wheel hub line expansion is being executed by redeploying existing machining assets, reducing planned capital outlay from an initial ₹10 Crores to approximately ₹2 Crores. • Order Book & Market Outlook: The Company secured key new orders from marquee global customers for engine and wheel hub components, amounting to approximately ₹20 Crores in annual revenue potential. While acknowledging a recent reduction in the driveline business segment, management is actively tracking and developing prospective growth areas to diversify the revenue base. About the Company Kalyani Forge Limited is a leading manufacturer of precision forged and machined components serving automotive and industrial customers in India and overseas markets. It is growing as a world-class supplier of high-precision forgings, machined components, and sub-assemblies. It has deep expertise in high-precision metal forming from over 40 years. For further information, please contact: Investor Relations Yash Patil yash.patil@kforge.com Safe Harbour Statement This release contains statements that may constitute forward-looking statements, including but not limited to statements regarding the Company's cost reduction targets, cash conversion cycle objectives, receivable recovery expectations, order prospects, capacity utilization and business strategy. These statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include changes in demand from customer industries, raw material and input cost volatility, foreign exchange and interest rate movements, the condition and availability of plant and equipment, credit risk and the timing of customer collections, competitive pressures, and changes in the regulatory or economic environment. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect future events or circumstances. Results for a single quarter are not necessarily indicative of results that may be expected for the full financial year. This release should be read together with the unaudited financial results for the quarter ended June 30, 2026 filed with the Stock Exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which are available on the websites of the Stock Exchanges and on the Company's website at www.kalyaniforge.com.