Kerala, October 4th, 2024 : Tolins Tyre Limited, a leading player in the Tyre & Treads industry, today announced its unaudited financial results for the quarter ended June 30th, 2024. Key Consolidated Financial Summary: Performance Highlights for the quarter ended June 2024: • Revenue from Operations was ₹76.30 Cr. for Q1 FY25 compared to ₹41.21 Cr. in Q1 FY24, a year on yeargrowth of nearly 85%. This is on the back of the capacity addition undertaken by the Company in the last18 months • India contributed 88% of the total operational revenue and UAE contributed 12% in Q1FY25 • Capacity enhancement undertaken in both Tread Rubber and Tyre segments • EBITDA (excluding other income) stood at ₹14.79 Cr. for Q1 FY25 compared to ₹8.61 Cr. during Q1 FY24 • EBITDA Margin maintained at nearly 20% in Q1 FY25 • PAT has grown by 108% to ₹8.91 Cr. for Q1 FY25 compared to ₹4.28 Cr. in Q1 FY24 on account of higher revenue, realizations and lower cost inventory Commenting on the overall performance of the Company, Dr. KV Tolin, Promoter, Chairman and Managing Director, Tolins Tyre, said, “I am delighted to present the first consolidated financial results of Tolins Tyre, post our listing in September 2024. The Revenue from Operations has grown by over 85% with EBITDA growing by nearly 72% in Q1FY25 over same period of last financial year, on the back of utilization of incremental added capacity and higher volumes. This growth is a reflection of the implementation and execution of growth strategies adopted by our Company over the last 18 months. We have a fully backward integrated set up that gives us greater control over costs and supply chain leading to better profitability. The strong topline growth coupled with lower cost inventory and higher realization spruced up the PAT growth of over 108% in Q1FY25. The Company recently went public and I am truly humbled by the overwhelming response we got from across different categories of capital market for the IPO. We raised Rs. 200 crores in fresh issue with an offer for sale of Rs. 30 crores leading to and overall IPO size of Rs. 230 crores. . The objectives of the issue were two fold – first being achieving our medium term objective of making the Company debt free and second was the augmentation of working capital requirements. With nearly four decades of industry experience and a deep market understanding coupled with a strong reputation, the Company is all set to drive innovation and growth. With increasing geographical footprint and expanding client base, we are confident of achieving higher capacity utilization by the end of current fiscal enabling us to sustain current growth trajectory and strive for higher. I must take this opportunity to acknowledge the dedication of the entire team of Tolins and thank them for their strategic insights, which are crucial for navigating industry changes and seizing new opportunities. .We also thank all our stakeholders for their confidence and continued support. As we look to the future, we remain committed to excellence and confident in our path forward.”

We are delighted to share the joyous news that Tolins Tyres Limited has once again been recognized for its commitment to excellence in exports. The company has been honored with the Export Excellence Award for the year 2021-22 by CAPEXIL, a prestigious accolade sponsored by the Ministry of Commerce and Industry, Government of India. This distinguished award is a testament to Tolins Tyres unwavering dedication to delivering high-quality products on a global scale. The Ceremony The grand award ceremony took place on 16th September 2023, and we are proud to announce that our Delhi Regional Manager, Sri. Anilkumar, had the privilege of receiving the award from the esteemed guest of honor, Hon'ble MP Sri. Bhubaneswar Kalita, who also serves as the Chairman of the Parliamentary Standing Committee of Health. Export Excellence and Recognition Tolins Tyres Limited has consistently demonstrated a commitment to excellence in the field of exports, and this recognition from CAPEXIL is a reflection of the company's outstanding achievements. The Export Excellence Award not only celebrates our dedication to producing top-notch products but also acknowledges the hard work and passion of every individual within the Tolins Tyres family. Sri. Anilkumar, in his acceptance speech, expressed gratitude for the recognition and highlighted the company's ongoing efforts to maintain the highest standards in manufacturing and exporting quality tires. He emphasized the collaborative spirit of the entire team and the unwavering support of our esteemed clients worldwide. The Role of Ministry of Commerce and Industry We extend our sincere appreciation to the Ministry of Commerce and Industry, Government of India, for sponsoring this prestigious award. Their support is instrumental in promoting and recognizing the efforts of Indian businesses on the global stage. This acknowledgment motivates us to continue our journey towards excellence in exports. Tolins Tyres' Commitment to Quality As a leading player in the tire manufacturing industry, Tolins Tyres Limited remains committed to delivering superior products that meet international standards. Our focus on innovation, sustainability, and customer satisfaction has been pivotal in achieving this remarkable milestone. Looking Forward: This Export Excellence Award is not just a recognition; it is a reminder of the responsibility we carry to uphold the high standards that have been set. Tolins Tyres Limited looks forward to continuing its legacy of excellence, exploring new markets, and contributing to the growth of the Indian export sector.