ramkrishna forgings Ltd. — Capital/Financing Update 2021

Sep 8, 2021

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Wins First Export order worth INR 130 crs from an OEM in a CIS country (Euro 5 million per annum for 3 years)

September 08, 2021, Kolkata: Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged and machined products has won an export order worth INR 130 crs (Euro 15 million) from an OEM in a CIS country for the period of 3 years.

Commenting on the order win Mr. Naresh Jalan, Managing Director, Ramkrishna Forgings Limited said: “With this order win we continue to strengthen our international business. This is our first order from this OEM which is a testimony to our product quality and strong technical capabilities. The order marks a beginning of a long-term relationship with a new customer and into a new geography as this is also our first order from CIS region. As a strategy, we are very focused on expanding our international business by entering newer geographies and this order win reinforces our confidence. With festive season round the corner and the recent uptrend in commercial vehicle sales in domestic market, we expect operating leverage to kick-in leading to a strong performance for the year.”

About Ramkrishna Forgings Limited

Ramkrishna Forgings was Incorporated in 1981 with the objective to manufacture forged products. The Annualized installed capacity after commissioning of Hollow Spindle Line and new 7000 Ton Press Line is 177,200 MT. With headquarters at Kolkata, the company has state-of-the-art manufacturing facilities at Jamshedpur and Howrah along with offices at Detroit in USA and Toluca in Mexico besides having warehousing facilities at Hagerstown, Louisville, Detroit in USA and Toluca and Monterrey in Mexico, Over the years, the company increased its forging and die making capacities and added machining and heat treatment facilities, including isothermal annealing, which enabled it to undertake manufacturing of components for OEMs and Tier 1 companies, The Company is certified in terms of TS 16949, OSHAS 18001 and ISO 14001 and is a manufacturer of supplier of open and closed die forgings of carbon and alloy steel, micro alloy steel and stainless steel forgings which can be supplied in As Forged + Heat Treated + Machined and Fully assembled condition as per the customer's requirement.

The Company is suppliers to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil & Gas, Power and Construction, Earth Moving & Mining, both in India & overseas markets. The Company is a critical safety item supplier for Screw Coupling, Bolster suspension, Side frame keys and Draw Gear Assembly for Railway Coaches and wagon. It is a preferred supplier to OEMs like TATA Motors, Ashok Leyland, VE Commercial and Daimler in India and to Volvo, Mack Trucks, Iveco, Ford in the overseas markets. It supplies globally to Tier 1 axle manufacturers like Dana, Sisamex, Meritor and American Axles.

Safe Harbour

Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially

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from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.

For further information, please contact:

Company: Investor Relations Advisor: Strategic Growth Advisors Pvt. Ltd. Ramkrishna Forgings Ltd. CIN: U74140MH2010PTC204285 CIN: L74210WB1981PLC034281 Mr. Lalit Kumar Khetan Mr. Jigar Kavaiya Executive Director & CFO E: lalit.khetan@ramkrishnaforgings.com E: jigar.kavaiya@sgapl.net T: +91 9920602034 www.sgapl.net www.ramkrishnaforgings.com