Outcome of Board Meeting

August 19, 2026 To To National Stock Exchange of India Limited, BSE Limited, The Manager, Listing Department, The Corporate Relationship Department “Exchange Plaza”, C-1, Block G, 1st Floor, New Trading Wing, Rotunda Building, Bandra-Kurla Complex, Bandra (E), Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Symbol: WHEELS Scrip code: 590073 Dear Sir / Madam, Subject: Outcome of the board meeting and disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Further to the prior intimation made on August 13, 2026 [and the disclosure dated July 10, 2026], under Regulation 29 of the Listing Regulations and pursuant to Regulation 30 read with Schedule III of the Listing Regulations, we wish to inform you that the Board of Directors of Wheels India Limited (“Company”) at its meeting held today, i.e., August 19, 2026, has inter alia considered and approved the following: 1. Issuance of equity shares by way of preferential issue on a private placement basis: Subject to approval of the shareholders of the Company and any other statutory/ regulatory authorities as may be required under applicable law, the Board of Directors of the Company (“Board”) has approved the issuance by way of a preferential issue on a private placement basis, of an aggregate of up to 1269391 (Twelve lakhs sixty nine thousand three hundred ninety one only) equity shares having face value of Rs. 10/- (Rs. Ten only) (“Equity Shares”), at an issue price of INR 1418/- (Rs. One thousand four hundred eighteen only per Equity Share (including a premium of Rs. 1408/- (Rs. One thousand four hundred eight only) per Equity Share), to the proposed allottees set out in the table below, for cash consideration aggregating up to Rs. 180 crores in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws (“Preferential Issue”). S. Proposed Allottee No. of Equity % of Total consideration No. Shares to be shareholding (basis the above issue issued price) Rs. In Crores 1. TSF Investments Limited 10,57,827 4.12 150 2. Mr. Srivats Ram 1,05,782 0.41 15 3. Ms. Nivedita Ram 52,891 0.21 7.5 4. Ms. Gita Ram 52,891 0.21 7.5 Total 1269391 4.95 180 The details as required under the Listing Regulations read with Annexure 18 of the master circular issued by the Securities and Exchange Board of India bearing reference number HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 as updated on January 30, 2026 titled ‘Master circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 by listed entities’ (“SEBI LODR Master Circular”) is enclosed as Annexure I below. 2. Proposal for enhancement of fund raising limits approved by shareholders vide special resolution dated August 12, 2026: The Board has approved seeking shareholders’ approval for enhancement of the fund raising limits approved by the members of the Company vide postal ballot dated August 12, 2026 from Rs. 400 Crore (Indian Rupees Four Hundred Crores Only) to Rs. 450 Crores (Indian Rupees Four Hundred and Fifty Crores Only) or equivalent thereof (“Fund Raise Enhancement”). The details as required under the Listing Regulations read with Annexure 18 of the SEBI LODR Master Circular is enclosed as Annexure II below. 3. Approval of Notice for Extraordinary General Meeting: The Board has approved the convening of the Extraordinary General Meeting (“EGM”) of the shareholders of the Company on Thursday the September 17, 2026 at 10.15 am by way of Video Conference (VC) or Other Audio-Visual Means (OVAM) at the registered office of the Company, i.e. 21, Patullos Road , Chennai 600 002, along with the draft notice convening the EGM to be issued to the shareholders to seek the approval of the shareholders for the Preferential Issue and Fund Raise Enhancement Further, the Company has fixed September 10, 2026, as the record date for ascertaining the names of the shareholders, holding shares either in physical form or in dematerialized form, who will be entitled to cast their votes electronically in respect of the business to be transacted at the EGM scheduled to be held on September 17, 2026 at 10.15 am at the registered office of the Company, i.e., 21, Patullos Road, Chennai 600002 The board meeting commenced at 9.30 am and concluded at 10.25 am. A copy of this disclosure will also be available on the website of the Company https://wheelsindia.com and on the websites of stock exchange i.e. www.nse.com. Kindly take the same on record. Thanking you. Yours faithfully, For Wheels India Limited K V Lakshmi Company Secretary & Compliance Officer ANNEXURE I Disclosure pursuant to Listing Regulations read with Annexure 18 of the SEBI LODR Master Circular Sr. Particulars Disclosure 1. Type of securities proposed to be Equity Shares issued (viz. equity shares, convertibles etc.) 2. Type of issuance (further public Preferential Issue in accordance with Chapter V of the offering, rights issue, depository Securities and Exchange Board of India (Issue of Capital and receipts (ADR/GDR), qualified Disclosure Requirements) Regulations, 2018 and other institutions placement, preferential applicable laws. allotment etc.) 3. Total number of securities proposed Issue of up to 1269391 (Twelve Lakhs Sixty nine thousand to be issued or the total amount for three hundred ninety one only) equity shares of the face value which the securities will be issued of Rs. 10/- each by way of a preferential issue on a private (approximately) placement basis to proposed allottees at an issue price of Rs. 1418/- per equity share aggregating up Rs.180 crore. 4. Additional information in case of a preferential issue i. Names of the investors Sr. Name No. of Equity No. Shares proposed to be issued 1 TSF 1057827 Investments Limited 2 Mr. Srivats 105782 3 Ms. Nivedita 52891 4 Ms. Gita 52891 ii. Number of investors 4 iii. Issue price INR 1418/- per Equity Share iv. Post allotment of securities - outcome Particulars Pre-preferential Post-preferential of the subscription issue shareholding issue shareholding Name No. of % No. of % Equity Equity Shares Shares TSF 6109914 25.01 7167741 27.89 Investments Limited Mr. Srivats 211876 0.87 317658 1.24 Ms. Nivedita 277618 1.14 330509 1.29 Ms. Gita Ram 30895 0.13 83786 0.33 v. In case of convertibles - intimation on Not applicable. conversion of securities or on lapse of the tenure of the instrument 5. Any cancellation or termination of Not applicable. proposal for issuance of securities including reasons thereof ANNEXURE II Disclosure pursuant to Listing Regulations read with Annexure 18 of the SEBI LODR Master Circular Sr. No. Particulars Disclosure 1. Type of securities proposed to be issued. As per disclosure dated July 10, 2026. 2. Type of issuance (further public offering, rights As per disclosure dated July 10, 2026. issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc. 3. Total number of securities proposed to be issued or Up to an aggregate amount not exceeding INR 450 the total amount for which the securities will be Crores (Rupees Four Hundred and Fifty Crores issued (approximately) Only) or an equivalent amount thereof at such price or prices as may be permissible under applicable law in one or more tranches. 4. In case of preferential issue, the listed entity shall disclose the following additional details to the stock exchange(s) - Not Applicable 5. In case of bonus issue the listed entity shall disclose the following additional details to the stock exchange(s) - Not Applicable 6. In case of issuance of depository receipts (ADR/GDR) or FCCB the listed entity shall disclose additional details to the stock exchange(s) - Not Applicable 7 [Showing first 8,000 characters — download PDF for full document]