ASK Automotive Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2024

1. These Unaudited Standalone Financial Results of ASK Automotive Limited (‘the Company’) for the quarter and nine months period ended 31 December 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on 29 January 2025. The statutory auditors have carried out limited review of the above results.

2. These Unaudited Standalone Financial Results have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards 34, Interim Financial Reporting ('Ind AS - 34'), prescribed under Section 133 of the Companies Act, 2013 (the Act) and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended).

3. During the year ended 31 March 2024, the Company has completed an Initial Public Offer ('IPO') of 2,95,71,390 equity shares having face value of INR 2 each at an issue price of INR 282 per equity share (including share premium of INR 280 per equity share), comprising offer for sale of 2,95,71,390 shares by selling shareholders aggregating to INR 833.91 Crore. The equity shares of the Company got listed at BSE Limited ('BSE') and National Stock Exchange of India Limited ('NSE') on 15 November 2023.

4. The Company is primarily engaged in the manufacturing of auto components including advanced braking systems, aluminium lightweighting precision solutions and safety control cables primarily for automobile industry and substantial sale of the products is within India. Hence, there are no other reportable segments in terms of requirements Ind AS 108 "Operating Segments".

5. The figures for the quarter ended 31 December 2024 and corresponding quarter ended 31 December 2023 are the balancing figures between the unaudited published figures for the nine months period ended 31 December 2024 and 31 December 2023, respectively and unaudited published figures for the six months period ended 30 September 2024 and 30 September 2023 respectively.