VARROC ENGINEERING Q2 FY27: REVENUE SURGES 34% YOY TO ₹2,948 CR, EV REVENUE JUMPS 130%; ₹1,013 CR NEW BUSINESS WINS, ITALY RESTRUCTURING & FORSEE POWER INDIA ACQUISITION PLANNED

• Operating Profitability: PBT before exceptional items and JV profits increased 54% YoY to ₹140.1 Cr. • EV Business: EV-related revenue surged approximately 130% YoY, contributing 19% of consolidated revenue versus 16% QoQ. • E-Mobility Solutions: Quarterly revenue reached ₹277.3 Cr. • New Business Wins: Secured ₹1,012.7 Cr in annualised peak revenue potential during H1 FY27, with over 48% linked to EV programmes. • India Operations: Revenue grew 29.5% YoY, supported by strong automotive demand. • Overseas Business: H1 revenue grew 70.7% YoY, driven by new programme commercialisation. • Italy Restructuring: Plans to shift two-wheeler lighting manufacturing to Romania and Vietnam, targeting improved efficiency with approximately three-year payback. • Strategic Acquisition: Proceeding with stake acquisition in Forsee Power India to expand battery-pack and BMS capabilities. • Net Debt: ₹554.7 Cr, with net debt-to-equity at 0.29x. • Management Outlook: Focused on margin improvement, EV expansion, customer recoveries, free cash flow generation and profitable long-term growth.

VARROC ENGINEERING LTD.

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