Ram Ratna Wires Ltd

Shri Tribhuvanprasad Kabra

Chairman

With sincere appreciation and renewed confidence, I present to you the performanceofRamRatnaWiresLimited for the financial year 2024 25. Despite an environment of global uncertainties and market volatilities, your Company has demonstrated resilience, strategic agility and a steadfast commitment to operational excellence. On a standalone basis, revenue from operations increased to 3,623 crore, registering a growth of 22.42% over the previous year's 2,959 crore. On a consolidated basis, revenue from operations rose to 3,677 crore compared to 2,983 crore in FY 2023 24, reflectinga growth of 23.24%, supported by a balanced product portfolio, market diversification and strong partnerships with OEM customers.

The Company delivered a robust financial performance, with EBITDA reaching 151 crore, marking an increase of 24.78% over the previous year. Profit before tax stood at 98 crore, higher by 20.50% compared to 81 crore in FY 2023 24, while profit after tax grew to 72 crore, registering a 19.61% increase over the 60 crore achieved in the previous year. These results reflect our ongoing commitment to operational efficiency, cost management and value-driven growth. Operationally, we achieved a production growth of 9.23% and a sales volume growth of 8.65% in metric tonnes over the previous financial year, validating healthy demand conditions and stable capacity utilization. A landmark achievement in the first quarter of FY 2025-26 was the commissioning of the manufacturing facility at Bhiwadi,

Rajasthan. Designed with a capacity of 24,000 MTPA, this facility is a crucial element of our strategic expansion plan. It will significantly to serve the growing North India and export markets while providing superior energy efficiency, and logistical benefits. With expansion, there is significant in installed capacity for copper tubes, ensuring scale readiness for emerging opportunities.

The Board of Directors has recommended a dividend of 2.50 per equity share (50% on a face value of 5 per share) for FY 2024-25, reflecting our consistent commitment to reward shareholders while preserving resources for sustainable future growth.

Your Company has also continued to strengthen its portfolio of higher margin, value added products, including MCB coils, copper braids and bunched wires, fine fine enameled wires, litz andultra wires and specialized wires and strips, which are increasingly used in critical applications such as switchgears, electric vehicles, charger systems, renewable energy, electronics and small micro motors. Our copper tube business, through Global Copper Private

Limited—erstwhile material subsidiary of the Company (now merged into the Company with the appointed date being April 1, 2024) has scaled its capacity to over 7,200 MTPA and with new capacity installations underway in

Bhiwadi and Vadodara, the Company is positioned to serve approximately

30% of India's copper tube demand. Additionally, Epavo Electricals Pvt. Ltd., our joint venture, has continued to build momentum in BLDC and PMSM motor technologies for ceiling fans,

HVAC applications and the electric mobility ecosystem, aligning with the

Government of India's PLI scheme and the broader Aatmanirbhar Bharat vision.

Looking at the broader macroeconomicenhance our ability context, India continues to stand out as one of the fastest-growing major economies globally, with the International Monetary Fund forecasting GDP growth of 6.5% in 2025 supported by structural reforms, infrastructure investments and resilient domestic demand. Initiatives such as the Production Linked Incentive

(PLI) scheme, National Infrastructure Pipeline and the Green Energy Mission are further strengthening India's medium-term growth trajectory and supporting industrial sectors including electrical equipment and copper-based products. At the same time, India's youthful population, rising middle-class consumption and rapid digital adoption provide significant long-term opportunities for industrial transformation and the electrical sector. Globally, the economic environment remains mixed. While advanced economies are experiencing a moderation in growth due to monetary tightening and geopolitical tensions, emerging economies in Asia, including India, Indonesia and Vietnam are driving global momentum. The World

Bank projects global GDP growth at

2.7% in 2025, with a cautious recovery in manufacturing and trade. Global megatrends such as decarbonization, electric mobility, digital infrastructure and renewable energy are expected to support sustained copper demand, even as the world navigates supply-chain realignments and inflationary pressures. For Ram Ratna Wires Limited, these trends present opportunities to deepen our role in the transition to a more sustainable, electrified global economy. Beyond financial growth, we remain fully committed to our ESG and CSR responsibilities. Through our partnership with HEMA Foundation, we have positively impacted over 400,000 students across more than 6,000 schools with value-based education initiatives aligned with India's National

Education Policy 2020.

At our manufacturing facilities, we continue to invest in advanced energy-saving equipment, waste reduction practices and enhanced safety systems, thereby strengthening our commitment to responsible growth and good governance.

As we move into FY 2025 26, our strategy will focus on fully operationalizing the Bhiwadi plant, expanding our high-value product segments, reinforcing customer partnerships, deepening digital and automation capabilities and further embedding ESG principles across our ecosystem. I am confident these strategic imperatives will ensure continued resilience, growth and stakeholder value creation. On behalf of the Board of Directors, I wish to convey my sincere appreciation to our employees, customers, business partners, suppliers and above all, our valued shareholders, for your trust, confidence and unwavering support. Together, we will continue to power

India's growth story and cement Company's standing as a respected global copper solutions leader.

Warm regards,