Interim report
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PLEASE ADDRESS ALL COMMUNICATIONS TO THE FACTORY October 29, 2026 To National Stock Exchange of India Limited, The Manager, Listing Department, “Exchange Plaza”, C-1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051 Symbol: WHEELS To BSE Limited, The Corporate Relationship Department, 1st Floor New Trading Wing, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 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 (‘SEBI LODR’) The Board of Directors of the Company at their meeting held on October 29, 2026 (i.e. today) has inter-alia, noted and approved the following: 1. Un-audited Financial Results: Pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015, please find enclosed herewith the following: i. Un-audited Financial Results (Standalone and Consolidated) for the quarter / half year ended September 30, 2026; and ii. Limited Review Report (Standalone and Consolidated) by M/s. Brahmayya & Co, Chartered Accountants 2. Investment in the Joint Venture Company The Company had vide its communication to Exchange dated May 20, 2026 informed that Company, Brakes India Private Limited (BIPL) (TSF Companies ) and Bosch Limited will be entering into a Joint Venture Agreement for the formation of a Joint Venture Company (“JVCo.”) in India for development and production of solutions for the commercial vehicle (CV) air system segment and any other product that joint venture shall decide from time to time and that with respect to the subscription of shares in the JV Co, Bosch will hold 50% and the TSF Companies including its affiliates will collectively hold 50% of the Share Capital of the Joint Venture Company .
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PLEASE ADDRESS ALL COMMUNICATIONS TO THE FACTORY Further to the communication to the Stock Exchange on May 20, 2026, we wish to inform you that the Board at its meeting held today had approved the proposed investment of Rs. 20 Crores in the Joint Venture Company (JV Co). The Company will additionally furnish the requisite disclosures to the exchanges upon the incorporation of JV Co as may be required under Listing Regulations. Meeting of the Board of Directors commenced at 12:40 P.M. and concluded 2: 20 P.M. Kindly take this into your record and disseminate on your website. Thanking you. Yours faithfully, For Wheels India Limited K V Lakshmi Company Secretary & Compliance Officer Encl.: a/a
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(Rs. in Crores) Year Ended Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Un-audited Un-audited Un-audited Un-audited Un-audited Audited Un-audited Un-audited Un-audited Un-audited Un-audited Audited 1 REVENUE FROM OPERATIONS - 1,585.03 1,380.43 1,173.02 2,965.46 2,355.89 5,098.35 1,710.95 1,491.00 1,263.97 3,201.95 2,529.47 5,464.94 Other income 12.57 5.64 5.93 18.11 9.99 26.05 12.01 1.79 4.56 13.80 7.67 22.78 TOTAL INCOME 1,597.60 1,386.07 1,178.95 2,983.57 2,365.88 5,124.40 1,722.96 1,492.79 1,268.53 3,215.75 2,537.14 5,487.72 2 EXPENSES Cost of materials consumed 1,148.31 956.41 877.76 2,104.72 1,662.43 3,492.92 1,239.30 1,033.98 938.47 2,273.28 1,779.78 3,740.04 (48.30) -30.36 (79.78) (78.66) (46.40) (3.70) (49.36) (31.07) (77.50) (80.43) (45.68) (4.31) Employee benefit expense 167.08 150.63 138.53 317.71 270.26 554.38 178.62 161.16 146.68 339.78 286.79 591.06 Finance Costs 28.78 26.84 27.51 55.62 56.27 111.82 30.83 28.57 29.58 59.40 60.31 119.76 Depreciation and amortisation expenses 31.60 30.76 25.38 62.36 49.95 106.51 33.84 32.91 27.49 66.75 53.95 115.28 Other Expenses 199.77 201.48 152.33 401.15 300.32 677.06 214.18 215.11 163.72 429.29 322.33 725.33 TOTAL EXPENSES 1,527.24 1,335.76 1,141.73 2,862.90 2,292.83 4,938.99 1,647.41 1,440.66 1,228.44 3,088.07 2,457.48 5,287.16 3 70.36 50.31 37.22 120.67 73.05 185.41 75.55 52.13 40.09 127.68 79.66 200.56 4 - - - 3.76 2.66 2.12 6.42 3.52 8.47 5 Profit/ (Loss) before tax (3+4) 70.36 50.31 37.22 120.67 73.05 185.41 79.31 54.79 42.21 134.10 83.18 209.03 6 Tax expense Current tax 17.63 10.98 5.54 28.61 14.94 40.84 17.66 10.99 5.54 28.65 14.95 40.89 Deferred tax (0.68) 2.29 3.91 1.61 3.90 6.01 1.49 4.85 4.98 6.34 5.94 10.16 7 Net Profit / (Loss) for the period (5-6) 53.41 37.04 27.77 90.45 54.21 138.56 60.16 38.95 31.69 99.11 62.29 157.98 8 Other Comprehensive Income: (6.33) -2.76 (0.97) (9.09) (3.06) (7.12) (6.33) (2.76) (0.97) (9.09) (3.06) (7.05) 1.60 0.69 0.24 2.29 0.77 1.79 1.60 0.69 0.24 2.29 0.77 1.77 9 - - - - 0.01 (0.02) 0.01 (0.01) (0.01) (0.14) 10 48.68 34.97 27.04 83.65 51.92 133.23 55.44 36.86 30.97 92.30 59.99 152.57 11 Net Profit/ (Loss) attributed to: a) Owners of the Company 53.41 37.04 27.77 90.45 54.21 138.56 59.42 38.32 30.90 97.74 60.79 154.94 b) Non-controlling Interest 0.75 0.63 0.79 1.38 1.50 3.04 12 a) Owners of the Company (4.73) (2.07) (0.73) (6.80) (2.29) (5.33) (4.72) (2.09) (0.72) (6.81) (2.30) (5.44) b) Non-controlling Interest 0.02 13 a) Owners of the Company 48.68 34.97 27.04 83.65 51.92 133.23 54.70 36.23 30.18 90.92 58.49 149.51 b) Non-controlling Interest 0.75 0.63 0.79 1.38 1.50 3.06 14 950.10 1,017.03 15 26.86 24.43 24.43 26.86 24.43 24.43 26.86 24.43 24.43 26.86 24.43 24.43 16 21.76* 15.16* 11.37* 36.86* 22.19* 56.71 24.21* 15.68* 12.65* 39.83* 24.88* 63.41 21.76* 15.16* 11.37* 36.86* 22.19* 56.71 24.21* 15.68* 12.65* 39.83* 24.88* 63.41 Wheels India Limited Regd. Office : 21, Patullos Road, Chennai - 600 002 Corporate Identity Number : L35921TN1960PLC004175; Ph: 044-26234300; Website: www.wheelsindia.com Statement of Un-audited Standalone and Consolidated Results for the Quarter / Half-Year ended September 30, 2026 Share of Other Comprehensive Income of Associate Total Comprehensive Income attributed to: Income tax relating to items that will not be reclassified to profit or loss Total Comprehensive Income for the period (7+8+9) Share of Profit/(Loss) of Associate Consolidated Quarter Ended Gross Revenue from Operations Half-year Ended Half year EndedParticularsSl. No. Standalone Reserves excluding revaluation reserves Items that will not be reclassified to profit or loss Changes in inventories of Finished goods and Work-in-progress Profit/(Loss) before exceptional items and tax (1-2) Other Comprehensive Income attributed to: Paid-up equity share capital (of Face Value Rs.10/- each) Quarter Ended Earnings per share (of Rs. 10/- each) (*not annualised) (a) Basic (b) Diluted The picture can't be displayed.
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(Rs. in Crores) Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Un-audited Un-audited Un-audited Un-audited Un-audited Audited 1 1,446.02 1,253.94 1,031.57 2,699.96 2,108.89 4,526.42 264.93 237.06 232.40 501.99 420.58 938.52 1,710.95 1,491.00 1,263.97 3,201.95 2,529.47 5,464.94 - - - 1,710.95 1,491.00 1,263.97 3,201.95 2,529.47 5,464.94 2 102.80 75.60 60.62 178.40 130.14 287.48 7.34 7.76 11.17 15.10 13.35 41.31 110.14 83.36 71.79 193.50 143.49 328.79 (i) Interest 30.83 28.57 29.58 59.40 60.31 119.76 79.31 54.79 42.21 134.10 83.18 209.03 3 3,000.97 2,651.04 2,430.87 3,000.97 2,430.87 2,522.80 940.79 858.74 795.67 940.79 795.67 843.84 131.64 159.41 79.74 131.64 79.74 135.45 4,073.40 3,669.19 3,306.28 4,073.40 3,306.28 3,502.09 1,434.93 1,477.61 1,320.52 1,434.93 1,320.52 1,414.09 228.69 194.89 178.43 228.69 178.43 179.36 884.55 904.89 832.10 884.55 832.10 878.55 2,548.17 2,577.39 2,331.05 2,548.17 2,331.05 2,472.00 Notes: 1 2 3 4 5 6 7 For Wheels India Limited Chennai October 29,2026 Half year Ended Less: Inter Segment Revenue (a) Automotive Components Total Revenue from Operation Segment Results (Profit)(+)/Loss (-) before tax and interest from Each segment) Quarter Ended Segment Revenue (a) Automotive Components Unaudited Consolidated Segment Wise Revenue, Results, Assets and Liabilities for the Quarter / Half-Year ended September 30, 2026 (c) Unallocated (c) Unallocated (b) Industrial Components Total Segment Liabilities (a) Automotive Components Total DIN: 00063415 The figures for the previous quarter / year have been regrouped / re-arranged wherever necessary to conform to the current period / year The above Standalone / Consolidated financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with relevant rules thereunder. Srivats Ram Chairman and Managing Director Sl. No. Particulars (b) Industrial Components Total Less: (a) Automotive Components (b) Industrial Components Segment Assets Total Profit Before Tax Capital Employed (b) Industrial Components The segment information is provided to and reviewed by Chief Operating Decision Maker (CODM). The reportable segment information for the corresponding previous periods have been modified to make them comparable. The above results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on October 29,2026. The Statutory Auditors of the Company has carried out a limited review of the Standalone and Consolidated figures for the quarter / half-year ended September 30, 2026. The Company operates in the following reportable segments: a) Automotive Components and b) Industrial Components. During the quarter ended 30th September 2026, the paid up capital of the Company was increased from Rs. 24,43,30,120 to Rs. 26,86,23,610 owing to Preferential allotment and allotment of shares to Qualified Institutional Buyers and the proceeeds were used for repayment of debt During the quarter, NCLT order has been received for the merger of Forge 2000 P Ltd. with Axles India Ltd., which is an associate company of Wheels India Ltd., with appointed date as 1st April 2025. Consequent to this, previous period numbers have been recasted in the consolidated financial statements.
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Rs in Crores As at 30.09.2026As at 31.03.2026As at 30.09.2026As at 31.03.2026 Un-audited Audited Un-audited Audited ASSETS 1 Non-current assets (a) Property, Plant and Equipment 1,329.47 1272.69 1452.42 1392.50 (b) Capital work-in-progress 74.00 63.49 88.18 68.72 (c) Goodwill 31.80 31.80 31.80 31.80 (d) Other Intangible Assets 5.05 4.96 5.06 4.98 (e) Right of Use Assets 71.90 76.67 72.00 76.83 (f) Financial Assets (i) Investments 52.31 48.88 61.99 53.50 (ii) Others 25.51 29.49 26.80 30.70 (g) Other non-current assets 48.51 23.64 49.71 26.02 (h) Deferred Tax Assets 0.00 8.03 12.76 Sub-total Non-Current Assets 1638.55 1551.62 1795.99 1697.81 2 Current assets (a) Inventories 916.68 716.45 950.80 746.43 (b) Financial Assets (i) Trade Receivables 914.07 793.26 973.92 817.69 (ii) Cash and cash equivalents 26.57 2.71 28.03 3.64 (iii) Bank Balance other than (ii) above 0.59 0.52 0.59 0.52 (iv) Others 13.05 10.35 13.32 11.40 (c) Current Tax Assets (Net) 0.00 0.00 0.97 0.67 (d) Other current assets 304.53 220.73 309.78 223.93 Sub total Current Assets 2175.49 1744.02 2277.41 1804.28 TOTAL - ASSETS 3814.04 3295.64 4073.40 3502.09 EQUITY & LIABILITIES Equity (a) Equity Share Capital 26.86 24.43 26.86 24.43 (b) Other Equity 1432.22 950.10 1483.52 992.18 Equity attributable to the owners of the Company1459.08 974.53 1510.38 1016.61 Non-Controlling Interest 0.00 0.00 14.85 13.47 Sub-total Equity 1459.08 974.53 1525.23 1030.08 Liabilities 1 Non-current liabilities (a) Financial Liabilities (i) Borrowings 226.64 248.93 231.49 257.29 (ia) Lease Liabilities 50.77 56.39 50.81 56.47 (b) Provisions 12.90 10.46 16.60 14.01 (c) Deferred tax liabilities (Net) 82.51 80.90 82.51 80.90 Sub-total Non-Current Liabilities 372.82 396.68 381.41 408.67 2 Current liabilities (a) Financial Liabilities (i) Borrowings 454.59 425.95 461.29 432.37 (ia) Lease Liabilities 24.60 21.89 24.68 22.00 (ii) Trade payables (A) Dues to Micro & Small Enterprises 120.29 92.06 122.41 94.18 (B) Dues to Others 1051.88 1126.12 1211.95 1244.00 (iii) Other Financial Liabilities 48.62 43.01 53.24 45.05 (b) Other Current Liabilities 175.50 144.26 185.31 149.84 (c) provisions 95.87 62.61 97.04 67.36 (d) Current Tax Liabilities (Net) 10.79 8.53 10.84 8.54 Sub- total Current Liabilities 1982.14 1924.43 2166.76 2063.34 TOTAL - EQUITY & LIABILITIES 3814.04 3295.64 4073.40 3502.09 Chennai October 29,2026 DIN:00063415 Wheels India Limited Regd. Office: No. 21, Patullos Road, Chennai - 600 002 Corporate Identity Number: L35921TN1960PLC004175; Ph: 044-26234300; Website: www.wheelsindia.com For Wheels India Limited Srivats Ram ConsolidatedStandalone STATEMENT OF ASSETS AND LIABILITIES Particulars Chairman and Managing Director The picture can't be displayed.
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(A) Cash flow from operating activities Total Comprehensive Income after tax 83.65 51.92 92.31 60.07 Add: Depreciation 62.36 49.95 66.75 53.94 Lease Liabilities 0.65 0.67 0.65 0.67 Effect of Exchange Rate Change 2.31 (9.72) 2.31 (9.72) Loss/(Gain) on Sale of Fixed Assets - 0.32 0.04 0.55 Taxes on Income 27.93 18.07 32.70 20.12 Other non cash expenses (0.39) 0.46 (0.39) 0.46 Interest Expenses 55.62 56.27 59.40 60.31 232.13 167.94 253.77 186.40 Less: Share of an Associate 6.42 3.60 Interest Income 1.88 1.65 1.94 1.72 Dividend Income 3.19 1.28 - - Cash flow from Operation before Working Capital Changes227.06 165.01 245.41 181.08 Cash flow from Working Capital : Trade Receivables (130.67) 83.43 (139.83) 77.26 Inventories (199.11) (50.86) (203.48) (48.62) Advances & Other Current Assets (83.36) (12.81) (84.93) (5.36) Trade Payables (39.17) 19.98 (49.60) 10.62 Other Payables & Provisions 71.97 19.80 77.16 27.96 Taxes paid (24.07) (12.82) (24.07) (12.82) Net Cash Flow from Operating Activities (A) (177.35) 211.73 (179.35) 230.12 (B) Investing Activities Purchase of Fixed Assets (145.73) (111.30) (161.09) (114.52) Sale of Fixed Assets 0.69 1.23 0.77 2.43 Purchase of Investments (3.43) (26.37) (3.43) (25.86) Sale of Investments - 1.38 - 1.49 Dividend Received 3.19 1.28 3.19 1.28 Interest Received 1.46 1.20 1.52 1.27 Net cash used in Investing Activities (B) (143.82) (132.58) (159.04) (133.91) (C) Financing Activities Proceeds from Equity issue net of issue expense 423.25 423.25 Proceeds from Long Term Borrowings 23.02 29.96 23.02 29.96 Repayment of Long Term Borrowings (54.46) (39.86) (57.96) (50.68) Increase / (Decrease) in Working Capital Borrowings (23.37) 28.51 1.65 28.64 Repayment of Lease Liabilities (10.76) (5.43) (10.76) (5.43) Dividend paid (22.26) (17.11) (22.26) (17.11) Interest paid (51.92) (50.01) (55.69) (54.05) Net cash used in Financing Activities (C) 283.50 (53.94) 301.25 (68.67) Net Increase in Cash & Cash Equivalents (37.66) 25.20 (37.13) 27.54 Closing Cash & Cash Equivalents 0.31 52.23 1.77 55.55 Opening Cash & Cash Equivalents 37.97 27.03 38.90 28.01 Net Increase in Cash and Cash Equivalents (37.66) 25.20 (37.13) 27.54 Closing Cash & Cash Equivalents as per Balance sheet 26.57 17.24 28.03 20.56 (Add)/Less: Cash Credit as at the end of the period 26.26 (34.99) 26.26 (34.99) Cash & Cash Equivalents for the purpose of IndAS 7 0.31 52.23 1.77 55.55 Chennai October 29,2026 Srivats Ram DIN:00063415 30.09.2026 30.09.2025 For Wheels India Limited 30.09.2025 Chairman and Managing Director Half year ended Wheels India Limited Regd. Office : 21, Patullos Road, Chennai - 600 002 Corporate Identity Number: L35921TN1960PLC004175; Ph: 044-26234300; Website: www.wheelsindia.com STATEMENT OF CASH FLOWS (Rs. in Crores) Particulars Standalone Consolidated Half year ended 30.09.2026
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BrahmryW&co Chartered Accountants Independent Auditors Limited Review Report on the Unaudited Standalone Quarterly and Year to date Financial Results of Wheels India Limited pursuant to the Regulation 33 of the SEIII (Listing Obligations and Disclosure ltequirements) Regulations, 2015. To The Board of Directors, Wheels India Limited, Chennai. We have reviewed the accompanying statement of unaudited standalone financial results of Wheels India Limited ("the Company") for the quarter and half year ended September 30, 2026 together with relevant notes thereon ("the Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5 as amended ("Listing Regulations"). This Statement, which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ("lnd AS 34"), "lnterim Financial Reporting", prescribed under Section 133 of Companies Act, 2013 and other accounting principles generally accepted in India. Our responsibility is to issue a report on the statement based on our review. We conductcd our review of the statenrent in accordancc rvith the Standard on Rcvierv Engagement ("SRE") 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying statement prepared in accordance with the recognition and measurement principles laid down in the aloresaid Indian Accounting Standards ('lnd AS') and othcr accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of Listing Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement. For Brahmayya & Co., Chartered Accountants Place: Chennai Date: October 29,2026 Membership No. 025929 UDIN: 26025929CVMN LV5 807 egn. No. 0005 I I S 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 014. lndia. T :+91 - 044 - 2813 1128 I 38 I 48 I 58 E : mail@brahmayya.com I www.brahmayya.com Sankar
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Brahmat1r,a,&co. Chartered Accountants l. Independent Auditors Limited Review Report on the Unaudited Consolidated Quarterly and Year to date Financial Results of Wheels India Limited pursuant to the Rcgulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,20l5. To The Board of Directors, Wheels India Limited, Chcnnai. We have reviewed the accompanying Statement of unaudited consolidated Financial Results of Wheels India Limited ("Holding Company") and its subsidiaries (holding company and its subsidiaries together referred to as "the Group), and its share of net profit after tax and total comprehensive income of associate for the quarter and half year ended September 30,2026 ("the Statement"), being submitted by the Holding company pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended (" Listing Regulations"). This Statement, which is the responsibility of the Holding company's Management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 ("lnd AS 34"), "lnterim Financial Reporting", prescribed under Section 133 of Companies Act. 2013 and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the statement based on our review. We conducted our review of the statement in accordance with the Standard on Review Engagement ("SRE") 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, prirnarily of persons responsible for financial and accounting matters, and applying analytical and other revierv procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended to the extent applicable. 5. The statenrent includes the results of the lbllowing entities: Nanre of thc entitv Itclationshin I Wheels India Limited Holdins Company 2 WIL Car Wheels Limited Subsid ary Company 3 WIL USA Inc Subsid ary Companv 4 WIL Europe GMBII Subsid ary Company 5 Axles India Linritecl Associate Company 2. J. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 0l 4. lndia. T : +91- 044 - 2813 1128 I 38 I 48 / 58 E : mail@brahmayya.com I www.brahmayya.com
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Brahmatp&co. Chartered Accountants 6. Based on the review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors and nlanagenlent certificate as referred in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying statement prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('lnd AS') specified under Section 133 of the Companies Act,20l3 as amended, read with relevant rules thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in ternts of Regulation 33 of the Listing Regulations as amended including the manner in which it is to be disclosed, or that it contains any material misstatement. 7. a) We did not review the interim financial information of a subsidiary Company, WIL Car Wheels Limited included in the unaudited consolidated financial results, whose interim financial information reflects total assets of Rs. 285.85 crores as at September 30, 2026, net cash outflows of Rs. 0.53 crores for the period from April 2026 to September 2026, total revenue of Rs. 170.47 crores and Rs. 321.18 crores, total net profit after tax of Rs. 2.87 crores and Rs. 5.30 crores and total comprehensive income of Rs. 2.87 crores and Rs. 5.30 crores for the quarter ended September 30,2026 and for the period April2026 to September 2026 respectively, as considered in the unaudited consolidated financial results. These interim financial information have been reviewed by other auditor whose reports have been fumished to us by the management and our conclusion on the statement in so far as it relates to the amounls and disclosures included in respect of the subsidiary, is based solely on the reports of the other auditor and the procedures performed by us as stated in paragraph 3 above. We did not review the interim financial information of a subsidiary company, WIL USA Inc included in the unaudited consolidated financial results, whose interim financial information reflects total assets of Rs. 1.03 crores as at September 30, 2026, net cash inflows of Rs. 0.56 crores for the period from April 2026 to September 2026, total revenue of Rs. 1.34 crores and Rs. 2.10 crores, total net profit after tax of Rs. 0.08 crores and Rs.0.l2 crores and total comprehensive income of Rs.0.08 crores and Rs.0.l2 crores for the quarter ended September 30,2026 and for the period April2026 to September 2026 respectively, as considered in the unaudited consolidated financial results. These interim financial information have bcen cerrified by the management. According to the explanations given to us by the management, these interim financial information are not material to the Group. We did not rcvierv tlte intcrim l'inancial inlornration of a subsicliary conrpany. WIL Europe GMBH included in the unaudited consolidated llnancial results, whose interim llnancial information reflects total assets of Rs. 0.80 crores as at September 30, 2026, net cash inflows of Rs. 0.49 crores for the period from April 2026 to September 2026, total revenue of Rs.0.10 crores and Rs. 0.21 crores, total net profit after tax of Rs.0.0l crores and Rs. 0.01 crores and total comprehensive income of Rs. 0.01 crores and Rs.0.0l crores forthe quarter ended September 30, 2026 and for the period April 2026 to September 2026 respectively, as considered in the unaudited consolidated financial results. These interim financial information have been certified by the management. According to the explanations given to r.rs by the management, t interim financial inforrnation are not b) c) material to the Group. 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 01 4. lndia. T :+91- 044 - 2813 1128 I 38 / 48 / 58 E :mail@brahmayya.com I www.brahmayya.com
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Brahmqfya&co" Chartered Accountants d) The unaudited consolidated financial results also include the Group's share of net profit after tax of Rs. 3.76 crores and Rs.6.42 crores and total comprehensive income of Rs. 3.77 crores and Rs. 6.41 crores for the quarter ended September 30,2026 and for the period April2026 to September 2026 respectively, as considered in the unaudited consolidated financial results, in respect of the associate, whose interim financial results have not been reviewed by us. These interim financial results have been reviewed by other auditor whose reports have been furnished to us by the Management and our conclusion on the statement, in so far as it relates to the amounts and disclosures included in respect of the associate, is based solely on the reports of the other auditor and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matters. For Brahmap,ya & Co., rtered Accountants Regn. No. 00051lS i Sankar Place: Chennai Date: October 29,2026 48, Masilamani Road, Balaji Nagar, Royapettah, Chennai - 600 0l 4. lndia. Partner Menrbership No. 025929 UDIN: 26025929RNH8DD2 I 94 T :+91- 044 - 2813 1 128 / 38 / 48 I 58 E :mail@brahmayya.com I www.brahmayya.com