Foseco India Ltd — Interim / Quarterly Report 2021

May 6, 2021

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May 6, 2021

BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001

National Stock Exchange of India Limited Listing Department, Exchange Plaza, 5[th] Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400 051

Dear Sirs,

Sub: 1. Unaudited Financial Results for the quarter ended 31 March 2021

2. Submission of the Limited Review Report of the Statutory Auditors

3. Other Matter - Appointment of the Managing Director and Chief Executive Officer

Ref: BSE Scrip Code: 500150, NSE Symbol: FOSECOIND, ISIN: INE519A01011

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, we write to advice that the Board of Directors of the Company at its Meeting held today i.e., 6 May 2021, have approved the Unaudited Financial Results of the Company for the quarter ended 31 March 2021.

In this regard, we are submitting herewith the following documents:- 1) The Unaudited Financial Results of the Company for the above period; and

• 2) The Limited Review Report of the Statutory Auditors on the Financial Results.

Other Matter - Appointment of Mr. Prasad Chavare (DIN: 08846863) as the Managing Director and Chief Executive Officer of the Company

On the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has appointed Mr. Prasad Chavare as an Additional Director on the Board of the Company with effect from 6[th] May 2021 and consequently will be appointed and designated as the Managing Director and Chief Executive Officer (MD & CEO), for a period of 5 years with effect from 1[st] June 2021 up to 31[st] May 2021. More information on Mr. Prasad Chavare is being filed separately.

The Meeting of the Board of Directors commenced at 1610 hours and concluded at 1815 hours.

You are requested to take the above information on record.

Thanking you,

Yours faithfully,

For FOSECO INDIA LIMITED

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Mahendra Kumar Dutia Controller of Accounts and Company Secretary

Enclosing: as above

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Review Report

To The Board of Directors Foseco India Limited Gat Nos. 922 and 923, Sanaswadi, Shirur Taluka, Pune – 412208 Maharashtra, India

1. We have reviewed the unaudited financial results of Foseco India Limited (the “Company”) for the quarter ended March 31, 2021 which are included in the accompanying “Statement of unaudited financial results for the quarter ended March 31, 2021”, (the “Statement”). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”), which has been initialled by us for identification purposes. The Statement is the responsibility of the Company’s management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.

2. We conducted our review in accordance with the Standard on Review Engagements (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 Statement is free of material misstatement.

3. 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.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016

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Amit Borkar Partner Place: Pune Membership Number: 109846 Date: May 06, 2021 UDIN: 21109846AAAAEC3074

Price Waterhouse Chartered Accountants LLP, 7Th Floor, Tower A – Wing 1, Business Bay, Airport Road, Yerwada, Pune – 411 006 T: +91 (20) 41004444, F: +91 (20) 41006161

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Price Waterhouse (a Partnership Firm) Converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPINAAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)