CEAT Limited

rs,

C::AT October 17, 2025 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Security Code: 500878 Dear Sirs/Madam, CEAT LIMITED RPG House 4

2,717 lakh

d, whose interim financial results reflect total assets (before consolidation adjustments) of Rs . 2,717 lakhs as at 30 September 2025 and total revenues (before consolidation adjustments) of Rs . Nil and Rs.

Rs 319 lakh

2025 to 30 September 2025 respectively, and cash flows (net) (before consolidation adjustments) of Rs 319 lakhs for the period from 1 April 2025 to 30 September 2025 as considered in the Statement. According t

rs 1

mber 30, 2025 Profit briore exceptional items and tax (1-2) 26,987 18,380 18,268 Particulars 1 a) b) Income Revenue from operations Other income Total incon1e EXPENSES Cost of materials

10,000 lakh

working capital is negative. i. The listed non-convertible debentures of the Company aggregating, 10,000 lakhs as at September 30, 2025, are secured by way of first pari passu charge over movable and immovabl

15,000 lakh

ber 30, 2025. ii. The listed unsecured non-convertible debentures of the Company aggregating to , 15,000 lakhs are outstanding and not due for repayment as at September 30, 2025. iii. The commercial papers o

70,000 lakh

ayment as at September 30, 2025. iii. The commercial papers of the Company, having face value of, 70,000 lakhs are outstanding and not due for repayment as at September 30, 2025 . Notes: 1. The Unaudited S

329 lakh

espect of employees who opted for VRS aggregated Nil for the quarter ended September 30, 2025, '!; 329 lakhs for the quarter ended June 30, 2025, '!; 3 lakhs for the quarter ended September 30, 2024, 'I; 329

3 lakh

l for the quarter ended September 30, 2025, '!; 329 lakhs for the quarter ended June 30, 2025, '!; 3 lakhs for the quarter ended September 30, 2024, 'I; 329 lakhs for the six months ended September 30, 20

407 lakh

e quarter ended September 30, 2024, 'I; 329 lakhs for the six months ended September 30, 2025, '!; 407 lakhs for the six months ended September 30, 2024, and'!; 4,111 lakhs for year ended March 31, 2025. b

4,111 lakh

months ended September 30, 2025, '!; 407 lakhs for the six months ended September 30, 2024, and'!; 4,111 lakhs for year ended March 31, 2025. b. During the six months ended September 30, 2024, the Company ha

1,150 lakh

had purchased the licenses to fulfill its EPR obligations pertaining to FY 22-23 and accordingly'!; 1,150 lakhs was reversed during quarter ended June 30, 2024. 4. The Company had entered into definitive ag

“Owners of the Parent Non-controlling interests 10 Other comprehensive income a) Items that will not be reclassified to profit or loss (i) Remeasurement gains/ (losses) on defined benefit plans (ii} Income tax relating to above b) Items that will be reclassified to profit or loss (i) Net movement of cash flow hedges {ii) Net movement of foreign exchange translation reserve (iii) Income tax relating to above Total other comprehensive income/ (loss) for the period”

“We conducted our examination of the Statement in accordance with the "Guidance Note on Reports or Certificates for Special Purposes (Revised 2016)" (referred as 'Guidance Note') issued by the Institute of Chartered Accountants of India ('ICAI').”

“The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI.”

“f i I j '• J J - 1TTTTTTTT7,,...,-_llJ I ' j I' • i Uil H!11tt I i h I' Ir ( Ill C u I C: J\T Q2 FY25-26 Consolidated Revenue Rs.”

“The Company cannot guarantee that these assumptions and expectations are accurate or will be realized.”

“13,218 Cr Revenue (FY25) 0.64x D/E Ratio (Q2 FY26) 50+ OEM relationships 11.3% EBITDA (FY25) AA Credit Rating (outlook +ve) 198 Patent Filings 1st Deming Grand recipient in the Tyre industry 2 Light House certified factories by World Economic Forum *Consolidated financials 5 Q2 FY26 Performance Section 1: RPG Group Overview Consolidated Financial Performance (1/2) Revenue Rs.”

“Standalone revenue breakup for H1 FY26; Figures in parenthesis denote corresponding numbers for H1 FY25 7 Consolidated Financial Performance (2/2) EBITDA margin 13.5%, +259 bps QoQ, +240 bps YoY Debt Rs.”

“Cr 13.5% 10.9% 11.1% 1,814 1,885 Q2 FY26 Q1 FY26 Q2 FY25 Q2 FY26 Q1 FY26 Q2 FY25 ▪ RM basket improved compared to Q1FY26 ▪ Capex outflow for the quarter was ~Rs.”

Registered Office

3

Notes

2

Attributable to

2

Adjustments for

1

Attrlbutable to

1

Adjustments for

1

RPG Group

1

Adfactors PR

1

Registered Office

B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration Na. MB-6161) \oYith effect from October 14, 2013 14th Floor, Central B Wing and North C \/\ling, Nesco IT Park 4, Nesco Center, Weslem Express Highway, Goregaon (Easl), Mumbai - 400063 8 SR & Co. LLP Our conclusion is not modified in respect of this matter. Limited Review Report (Continued) CEAT Limited For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022 Mumbai 17 October 2025 Sadashiv Shetty Partner Membership No.: 048648 UDIN:25048648BMNY JM2997 Page 2 of2 C : AT CEAT LIMITED CIN : L25100MH1958PLC011041 Registered Office RPG House, 463, Dr. Annie Besant Road, Mumbai 400 030. Statement of Unaudited Standalone financial results for the quarter and six months ended September 30, 2025 Profit briore exceptional items and tax (1-2) 26,987 18,380 18,268 Particulars 1 a) b) Income Revenue from operations Other inco

Adjustments for

Increase in inventories Increase in trade receivables Increase in other current assets and other current financial assets Increase in other non-current assets and other non-current financial assets Increase in trade payables Decrease in current and non-current financial liabilites and other current liabilities (Decrease)/ Increase in current provisions Increase in non-current provisions Cash flows from operating activities Income taxes paid Net cash flows generated from operating activities Ill II CASH FLOW FROM INVESTING ACTIVITIES Purchase of property, plant and equipment and intangible assets (including capital work-in progress, intangible assets under development and capital advance) Payment towards business combination Proceeds from sale of property, plant and equipment Changes in other bank balances Investment in subsidiaries Purchase of mutual funds Proceeds from sale of mutual funds Interest received Loan given to subsidary Dividend received Net cash flows used in investing act

Notes

1. The Unaudited Standalone Financial Results of the Company for the quarter and six months ended September 30, 2025 have been prepared in accordance with the Indian Accounting Standards ("Ind AS") as prescribed under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter. 2. The above Unaudited Standalone Financial Results of the Company for the quarter and six months ended September 30, 2025 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at their meeting held on October 17, 2025. 3. Following items form part of exceptional items: a. The Company had introduced Voluntary Retirement Schemes ('VRS') for its employees. The compensation in respect of employees who opted for VRS aggregated Nil for the quarter ended September 30, 2025, '!; 329 lakhs for the quarter ended June 30, 2025, '!; 3 lakhs for the quarter ended September 30, 2024, 'I; 329 lakhs for th

Registered Office

B S R & Co , (a partnersh ip firm with Registration No. BA6122 3) converted into B S R & Co. LLP (a Limilllll Li ■ ll ili rJ' ri1rtn1r1h i11 ',\;tl'I Ll. f" n11i1,r1li1n ~1., .~M~,a 0101 ) uilh 1rr1ul r1u111 OuluL1,;r 11 , r.010 14 th Floor, Central 8 Wing and North C V\ling , Nesco IT Park 4, Nesco Ou11l1..,1, '/h.Jll.. 111 [ Al,Jl l.. JJ I liy l 1 ◄ ,u1, Ou1\.. yuu11 ( ~u~ l), Mu 1111.Ju i ~ -100000 8 SR & Co. LLP Limited Review Report (Continued) CEAT Limited 6. We did not review the interim financial results of 4 subsidiaries included in the Statement, whose interim financial results reflects total assets (before consolidation adjustments) of Rs 120,047 lakhs as at 30 September 2025 and total revenues (before consolidation adjustments) of Rs 6,147 lakhs and Rs 6,156 lakhs, total net loss after tax (before consolidation adjustments) of Rs 1,545 lakhs and Rs 1,543 lakhs and total comprehensive loss (before consolidation adjustments) of Rs 1,544 lakhs and Rs 1,541 lakhs, for the quart

Attrlbutable to

Owners of the Parent Non-controlling interests 10 Other comprehensive income a) Items that will not be reclassified to profit or loss (i) Remeasurement gains/ (losses) on defined benefit plans (ii} Income tax relating to above b) Items that will be reclassified to profit or loss (i) Net movement of cash flow hedges {ii) Net movement of foreign exchange translation reserve (iii) Income tax relating to above Total other comprehensive income/ (loss) for the period

Attributable to

Owners of the Parent Non -controlling interests 11 Total Comprehensive Income/ (Loss) for the period [Comprising profit and other comprehensive Income/ (loss) for the period) (9 + 10]