Outcome of Board Meeting held on 27th August 2026

AIRFLOA RAIL TECHNOLOGY LIMITED. (Formerly known as Airflow Equipments India Pvt. Ltd.) Date: August 27, 2026 The Manager, Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001, Ref: Company Code No. 544516 ISIN: INE0XBS01012 Dear Sir / Madam, Subject: Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) - Outcome of Board Meeting held on Thursday, August 27, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We wish to inform you that the Board of Directors of our Company in their meetings held today i.e. Thursday, the 7th August 2026, inter-alia considered and approved the following businesses:- 1. Entering into an MOU for the purpose of forming a Joint Venture (JV) with M/s Acme India Industries Limited for joint tender participation in the Tendering process being float by Konkan Railway Corporation Limited. 2. Entering into an MOU with KIN RAILWAY EQUIPMENT PRIVATE LIMITED (KIN), to explore the option of acquiring the Business of KIN in Coimbatore by way of a slump sale or by way of an asset purchase, subject to satisfactory due diligence and receipt of all requisite regulatory and other requisite approvals and execution of definitive agreement. 3. To convene the 27th Annual General Meeting (“AGM”) of the Company on Monday, 28th September 2026 at 11:30 AM (IST) through Video Conferencing (“VC”) / Other Audio-Visual Means ("OAVM"). The disclosure under Regulation 30(6) read with Para A(1) of Part A of Schedule III of the Listing Regulations and the SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 in respect of Sl. No. 1 and 2 are provided in Annexure – I and II respectively. The Meeting Commenced at 5.30 P.M. and Concluded at 6.40 P.M. (IST) Kindly acknowledge and take the same on records. Thanking you, For Airfloa Rail Technology Limited. Haraprasad Rout Company Secretary and Compliance Officer No.9, Chelliamman Koll Street, Keelkatalai, Chennai – 600117. CIN: L30204TN1998PLC041571, GST No: 33AACCA9641E1ZY Mobile:- 9384870774, Website:-www.airflow.co.in Annexure – I Disclosure under Regulation 30(6) read with Para A(1) of Part A of Schedule III of the Listing Regulations and the SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Particulars Description M/s Acme India Industries Limited (“Acme”). Acme shall Name(s) of the parties with whom the 1 act as the Lead Member and company as the agreement is entered. Other/Substantial Member of the Joint Venture. To jointly participate in the tender floated by Konkan Railway Corporation Limited for “Engagement of 2 Purpose of entering into the agreement contractor for Carrying out Repairing of Wagons (POH, POH cum Corrosion & NPOH) works at VDPD workshop for 05 Years” Memorandum of Understanding (MOU) for Joint Venture 3 Nature of the agreement Participation in the above Tendering process. Shareholding / contribution / participation Acme India Industries Limited – 51%; Airfloa Rail in the JV Technology Limited – 49%. The parties have agreed to participate jointly in the aforesaid tender under the name “Acme & Airfloa JV”. Acme shall act as the Lead Member and shall be authorised to sign and 5 Key terms of the agreement submit the tender documents, deal with the Purchaser, enter into the contract, receive payments and coordinate activities relating to execution of the contract. The members shall be jointly and severally liable to the Purchaser for obligations and liabilities arising under the 6 Joint and several liability contract and for performance of the contract, including losses/damages caused to the Purchaser. Each member shall make its own arrangements for the finance, machinery and equipment, materials, manpower and 7 Finance / resources for execution other resources required for execution of its respective portion of the contract. The MOU records the agreed terms and arrangements 8 Whether the agreement is binding between the parties for joint participation in the tender and execution of the contract, if awarded. The MOU shall remain valid until the tender is declared unsuccessful or the contract is cancelled/shelved by the 9 Period / validity Purchaser; upon award of the contract, it shall remain valid during the entire currency of the contract, including any extension thereof. The JV members have agreed to maintain confidentiality of commercial and technical information relating to the project. Disputes arising under the MOU shall be settled amicably 10 Any other material terms and, failing such settlement, through arbitration in accordance with the Arbitration and Conciliation Act, 1996, with the venue of arbitration at Delhi. 11 Whether related party transaction No, the MOU is not a related party transaction. The proposed JV will enable the Company to jointly participate in the aforesaid railway tender and leverage the respective capabilities and resources of the JV members. 12 Expected benefits / impact However, the award of the tender is subject to the decision of Konkan Railway Corporation Limited and no certainty can be given regarding award of the contract or resultant financial benefits to the Company. Annexure II Disclosure under Regulation 30(6) read with Para A(1) of Part A of Schedule III of the Listing Regulations and the SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 Sr. No. Particulars Description KIN Railway Equipment Private Limited (“KIN” or “Seller”), Name of the entity having its registered office at Plot No. 28/4, 28/5, 1 with whom agreement Nalligoundenpalayam Pirivu, Puduppalayam Post, Avanashi is entered Taluk, Coimbatore, Thekkalur, Tamil Nadu – 641654. To record the broad understanding and framework between the Company and KIN for evaluating and negotiating the proposed Purpose of entering acquisition of the business of KIN, subject to satisfactory due into the agreement diligence, valuation, determination of transaction structure, requisite approvals and execution of definitive transaction documents. Memorandum of Understanding (“MOU”) for evaluation and Nature of the 3 proposed acquisition of the Business of KIN Railway Equipment agreement Private Limited. The consideration for the proposed transaction has not been finally determined and shall be determined after completion of Consideration / size of 4 due diligence, independent valuation, physical verification of the agreement assets and inventory, assessment of liabilities and other commercial, tax and regulatory considerations. The Company proposes to evaluate acquisition of KIN's Business as a going concern/independent undertaking through a Brief details of the 5 business transfer/slump sale or acquisition of identified assets, proposed transaction rights and contracts through an itemised asset purchase, as may be finally determined by the Company. The MoU set the broad understanding between the parties and Major terms of the 6 time lines for key activities envisaged as part of carry out the proposed transaction The definite timelines will be decided at the time of entering into Transaction process / 7 definite agreement subject to satisfactory outcome of due proposed timeline diligence proposed under the MOU. The proposed transaction is subject to, inter alia, satisfactory completion of due diligence; mutually acceptable valuation and 8 Conditions precedent consideration; approval of the Board of Directors of the Company; approval of the Board/shareholders of the Seller, wherever applicable; and execution of the Definitive Agreement. Whether the 9 transaction is a related No party transaction KIN Railway Equipment Private Limited is an unrelated entity Nature of relationship 10 and the promoter/promoter group/group companies have no with the entity interest in the entity. The proposed acquisition, if consummated, is expected to enable the Company to expand its business operations and capabilities Expected benefit [Showing first 8,000 characters — download PDF for full document]