Eicher Motors : Outcome of Board Meeting-July 29, 2026

About this update from Eicher Motors Limited

July 29, 2026 Online intimation/submission The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400 001 Security Code: 505200 The Secretary National Stock Exchange of India Ltd Exchange Plaza, 5 th Floor, Plot No.C/1, G Block, Bandra Kurla Complex, Bandra (E) Mumbai-400 051 Symbol: EICHERMOT Ref: Regulations 30 and 33 of the SEBI (LODR) Regulations, 2015 - Outcome of the Board Meeting Subject: Unaudited standalone & consolidated financial results and Limited Review Reports of the Statutory Auditors for the first quarter ended June 30, 2026 Dear Sir/Madam, In compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors at its Meeting held today i.e. July 29, 2026, have, inter-alia , approved the unaudited standalone and consolidated financial results of the Company for the first quarter ended June 30, 2026 pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015. The copies of the unaudited standalone and consolidated financial results along with Limited Review Reports of the Statutory Auditors are enclosed herewith for your records. The results will be published in the newspapers in terms of Regulation 47 of the SEBI (LODR) Regulations, 2015 in due course and will also be placed on the website of the Company. The meeting of the Board commenced at 2:05 p.m. and concluded at 5:15 p.m. You are requested to take the same on your records. Thanking you, For Eicher Motors Limited Atul Sharma Atul Sharma Digitally signed by Atul Sharma DN: c=IN, o=Personal, postalCode=110085, l=North West Delhi, st=Delhi, street=H. No. 183, G.F Sector - 24, Rohini, Raja Pur Kalan, Narela Delhi India- 110085-, title=1723, 2.5.4.20=6e9e93a7616b7e8a55e82fd19b9c63d7a0deac8 0dcd5347980f59c0d067cf795, serialNumber=b00e7eae3b02e722e86e89c34945e1e77 87137a3a7f91d4757f014ff8e97b0a4, [email protected], cn=Atul Sharma Date: 2026.07.29 18:02:39 +05'30' Company Secretary Encl.: As above Eicher Motors Limited Corporate Office: #96, Sector - 32 Gurugram - 122001 Haryana, India Tel +91 124 4415600 Registered Office CIN: L34102DL1982PLC129877 Office No.1111, 11th Floor, Ashoka Estate Plot No. 24, Barakhamba Road New Delhi-110 001, India Tel +91-11-41095173 Email: [email protected] 67, Institutional Area Sector 44, Gurugram - 122 003 Haryana, India Tel: +91 124 681 6000 Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Eicher Motors Limited We have reviewed the accompanying statement of unaudited standalone financial results of Eicher Motors Limited (the "Company") for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. 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 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. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review 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. Based on our review conducted as 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 aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm registration number: 301003E/E300005 Sonika Loganey Digitally signed by Sonika Loganey DN: cn=Sonika Loganey, c=IN, o=Personal Location: Gurugram Date: 2026.07.29 18:16:05 +05'30' per Sonika Loganey Partner Membership No: 502220 UDIN: 26502220WVJGKO5105 Place: Gurugram, Haryana Date: July 29, 2026 S.R. Batliboi & Co LLP, a Limited Liability Partnership with LLP Identity No. AAB-4294 Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016 EICHER MOTORS LIMITED Registered Office : Office Number 1111, 11th Floor, Ashoka Estate, Plot no. 24, Barakhamba Road, New Delhi - 110001 Corporate Office: #96, Sector 32, Gurugram - 122 001, Haryana Tel. No (+91-124) 4445070, Email: [email protected] , Website: https://www.eicher.in CIN: L34102DL1982PLC129877 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 (₹ in Crores) Particulars For the quarter ended For the year ended 30.06.2026 (Unaudited) 31.03.2026 (Audited) Refer Note 8 30.06.2025 (Unaudited) 31.03.2026 (Audited) 1. Revenue from operations (a) Revenue from contract with customers 6,083.76 5,788.26 4,820.37 22,296.75 (b) Other operating income 129.85 113.16 88.04 402.98 Total Revenue from operations 6,213.61 5,901.42 4,908.41 22,699.73 2. Other income (Note 5) 727.09 356.71 658.86 1,694.80 3. Total Income (1+2) 6,940.70 6,258.13 5,567.27 24,394.53 4. Expenses (a) Cost of raw material and components consumed 3,317.47 3,183.76 2,727.97 12,476.28 (b) Purchase of traded goods 102.02 67.02 68.19 294.46 (c) Changes in inventories of finished goods, work-in-progress and traded goods 253.14 56.75 (70.60) (64.28) (d) Employee benefits expense 401.57 374.89 344.23 1,500.80 (e) Finance costs 7.01 6.73 6.66 27.46 (f) Depreciation and amortisation expense 262.36 215.66 186.07 788.23 (g) Other expenses 629.09 695.97 607.36 2,679.62 Total expenses 4,972.66 4,600.78 3,869.88 17,702.57 5. Profit before exceptional item and tax (3-4) 1,968.04 1,657.35 1,697.39 6,691.96 6. Exceptional item Impact of Labour Codes - - - (55.45) 7. Profit before tax (5+6) 1,968.04 1,657.35 1,697.39 6,636.51 8. Tax expense (a) Current tax 391.98 395.35 314.32 1,455.59 (b) Deferred tax 69.44 25.67 76.58 140.10 Total tax expense 461.42 421.02 390.90 1,595.69 9. Profit for the year / period (7-8) 1,506.62 1,236.33 1,306.49 5,040.82 10. Other Comprehensive income/(expense) (a) Items that will not be reclassified to profit or loss Re-measurement gains/(losses) on defined benefit plans (3.37) 1.18 1.47 5.93 Income tax effect 0.85 (0.30) (0.37) (1.49) Change in fair value of equity instruments through other comprehensive income (including foreign exchange gains/(losses) on reinstatement) (2.05) 5.48 18.02 31.60 Income tax effect 0.29 (0.78) (2.58) (4.52) (b) Items that will be reclassified to profit or loss Exchange differences on translating foreign operations (3.55) 33.56 46.30 105.31 Income tax effect 0.89 (8.44) (11.65) (26.50) Debt instruments through other comprehensive income 4.06 (21.69) 26.02 (17.25) Income tax effect (1.02) 5.45 (6.55) 4.34 Total Other Comprehensive income/(expense) for the year / period, net of tax (3.90) 14.46 70.66 97.42 11. Total comprehensive income for the year / period, net of tax (9+10) 1,502.72 1,250.79 1,377.15 5,138.24 12. Paid-up equity share capital (Face value of each equity share - ₹ 1, fully paid-up) 27.45 27.43 27.43 27.43 13. Total Reserves 21,780.43 14. Earnings Per Share (of ₹ 1 each) on net profit after tax in ₹ (Refer Note 6): (a) Basic 54.91 45.07 47.65 183.79 (b) Diluted 54.83 44.98 47.58 183.46 See accompanying notes to the statement of standalone unaudited financial results Notes to standalone unaudited financial results: The above standalone unaudited financial results for the quarter ended June 30, 2026 were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on July 29, 2026. The results have been subjected to review by the Statutory Auditors of the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, who have issued an unmodified conclusion on the same. During the quarter ended June 30, 2026, 1,83,326 equity shares of Re.1 each were issued and allotted under the Employee Stock Option Plan, 2006 and the Restricted Stock Units Plan, 2019. During the quarter ended June 30, 2026, the Nominations and Remunerations Committee has approved grant of 27,000 employee stock options and 1,37,365 restricted stock units, of the Company to certain eligible employees of the Company, its subsidiaries and a joint venture under the Employee Stock Option Plan, 2006 and Restricted Stock Units Plan, 2019, respectively. As the Company's business activities fall within a single primary business segment viz. "Automobile products and related components", the disclosure requirements of Ind AS 108 "Operating segment" prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder, are not applicable. Other income for the quarter ended June 30, 2026 includes Rs. 272.00 crores of dividend received for the financial year 2025-26 from a jointly controlled entity, VE Commercial Vehicles Limited (for quarter ended June 30, 2025 and year ended March 31, 2026 : Rs. 217.60 crores). Earnings per share is not annualised for the quarter ended June 30, 2026, March 31, 2026 and June 30, 2025. The Ministry of Environment, Forest and Climate Change issued the Environment Protection (End-of-Life Vehicles) Rules, 2025 (ELV rules), on January 06, 2025 which came into effect from April 1, 2025. In accordance with ELV rules, Extended Producer Responsibility (EPR) obligations are imposed on producers (including "vehicle manufacturers") for the scrapping of End-of-Life Vehicles. As per rules, such obligations (to be met even if the entity ceases operations) are to be fulfilled through the purchase of EPR certificates from Registered Vehicle Scrapping Facilities via Centralised Online Portal (Portal), which has been made partially operational. However, the pricing mechanism for the EPR certificates, and measurement framework for determining the financial obligations are yet to be made available. Consequently, the Company is currently unable to reliably estimate a range of possible outcomes and the impact will be evaluated once the implementation framework for determining the reliable estimate is established. The figures of the quarter ended March 31, 2026, are the balancing figures between audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the respective financial year which were subjected to a limited review by the statutory auditors of the Company. For and on behalf of the Board of Directors GOVIND Digitally signed by GOVINDARAJAN DN: c=IN, o=PERSONAL, title=5752, ARAJAN 2.5.4.20=5140fe5f8e50e5ff765eeb9e d2aceb4471dfa20fee02fe6a860a577 c44f3ddfa, postalCode=603103, st=Tamil Nadu, serialNumber=2b08de5ceb6555afaf cb775c982e4a5d804b659470d9059 269343da206abb247, cn=GOVINDARAJAN Date: 2026.07.29 18:03:36 +05'30' B Govindarajan Date: July 29, 2026 Managing Director 67, Institutional Area Sector 44, Gurugram - 122 003 Haryana, India Tel: +91 124 681 6000 Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Eicher Motors Limited We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Eicher Motors Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and joint ventures for the quarter ended June 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors . 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 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. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review 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. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. The Statement includes the results of the following entities: S. No. Name of the Entity Relationship 1 Royal Enfield North America Limited Subsidiary 2 Royal Enfield Canada Limited Subsidiary 3 Royal Enfield Brasil Comercio De Motocicletas Ltda Subsidiary 4 Royal Enfield (Thailand) Limited Subsidiary 5 Royal Enfield UK Limited Subsidiary 6 Royal Enfield Europe B.V. Subsidiary 7 VE Commercial Vehicles Limited ( VECV) Joint Venture 8 VECV Lanka (Private) Limited Subsidiary of Joint Venture 9 VECV South Africa (Pty) Limited Subsidiary of Joint Venture 10 VE Electro Mobility Limited Subsidiary of Joint Venture 11 VE Connected Solutions Private Limited Subsidiary of Joint Venture 12 PT VECV Automotive Indonesia Subsidiary of Joint Venture 13 Eicher Polaris Private Limited Joint Venture S.R. Batliboi & Co LLP, a Limited Liability Partnership with LLP Identity No. AAB-4294 Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016

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