(THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.)
	ADVANCE TECHNOFORGE LIMITED
	Corporate Identity Number (CIN): U28111GJ2013PLC076316

Our Company was incorporated as a private limited company in the name and style of 'Advance Technoforge Private Limited' under the Companies Act, 1956, pursuant to a Certificate of Incorporation dated 8 July 2013, our Company was converted into a public limited company and the name of our Company was changed to 'Advance Technoforge Limited' and a fresh Certificate of Incorporation dated 6 September 2024 was issued to our Company by the RoC. For further details on the changes in the name and registered office of our Company, see "History and Certain Corporate Matters" on page 145 of the Prospectus.

1. Risk to Investors: Summary description of key risk factors based on materiality are as below:

I. We rely heavily on a group of customers for a significant portion of our operational revenue. The loss of any one or more of these key customers could have a substantial negative impact on our business, operations, and financial stability.

II. We rely on a limited number of suppliers for the steel required as our primary raw material. Additionally, we do not have fixed supply agreements with these suppliers. If they fail to meet our needs, it could negatively impact our business. Further, any volatility in the prices of our raw material may affect our Company.

III. The Company's manufacturing capacity is underutilized and any inability to achieve optimal capacity utilization may adversely affect its business, operations and financial performance.

IV. Our indebtedness, including various conditions and restrictions imposed on us by our financing agreements, could adversely affect our ability to react to changes in our business, and we may be limited in our ability to raise fresh debt to fund future capital needs.

V. Any inability on our part to comply with prescribed technical specifications and standards of quality in connection with our products could adversely impact our operations and profitability.

VI. In the normal course of business, we require various approvals, NOCs, licenses, registrations, and permits. Pursuant to the change of name of the Company from Advance Technoforge Private Limited to Advance Technoforge Limited, these approvals, licenses, etc. need to be transferred in the new name of our Company. Any failure or delay in completing these transfers / renewing them in a timely manner may negatively impact our operations.

VII. If we are unable to compete effectively with our competitors, it could have a negative impact on our business, financial position, and operational results.

VIII. Failures in internal control systems could cause operational errors which may have an adverse effect on our reputation, business, results of operations, financial condition and cash flows.

IX. Bank statements and payment trails relating to a past Rights Issue allotment undertaken on January 22, 2014 are not traceable, which may expose us to regulatory scrutiny and/or adverse consequences.

X. Our business is inherently working capital-intensive, requiring significant working capital due to the time lag between procuring raw materials, producing finished goods, and collecting payments from customers. We may require additional capital and financing in the future and operations could be curtailed if our Company is unable to obtain the required additional capital and financing when needed or any inability to manage working capital efficiently or to raise timely and cost-effective financing may adversely affect our business, financial condition, cash flows, and results of operations.

For more details, please refer "Risk Factors" on page 24 of the Prospectus.

2. Details of suitable ratios of the company and its peer group:

*Information is based as per available financials for FY 2026 of the Peers from the stock exchange. For the Company, information is based on latest full year fiscal as per the Restated Financial Statements for FY 2026.

**Price is taken as closing price on NSE Limited as on 15 June 2026 (i.e. Forge Auto International Limited's price is Rs. 93.10 on 15th June 2026 and Tirupati Forge Limited's price is Rs. 46.78 on 15th June 2026, respectively.

3. Weighted average return on net worth for the last 3 FYs:

4. Disclosures as per clause (9)(K)(4) of Part A to Schedule VI, as applicable.

A. The price per share of our Company based on the primary/ new issue of shares (equity / convertible securities), excluding shares issued under ESOP/ESOS and issuance of bonus shares, during the 18 months preceding the date of the Prospectus, where such issuance is equal to or more than 5% of the fully diluted paid-up share capital of the Company in a single transaction or multiple transactions combined together over a span of rolling 30 days ("Primary Issuances").

Not applicable ("NA") as our Company has not issued any Equity Shares or convertible securities ("Security(ies)") during the 18 months preceding the date of the Prospectus.

B. Price per share of the Company based on secondary sale or acquisition of equity shares or convertible securities (excluding gifts) involving any of the Promoters, members of the Promoter Group or Shareholders with rights to nominate directors during the 18 months preceding the date of filing of the Prospectus, where the acquisition or sale is equal to or more than 5% of the fully diluted paid-up share capital of our Company, in a single transaction or multiple transactions combined together over a span of rolling 30 days ("Secondary Transactions").

Not applicable as there have been no secondary sale / acquisitions of Equity Shares, where the Promoters, members of the Promoter Group, shareholder(s) having the right to nominate director(s) on the Company's Board are a party to the transaction, during the 18 months preceding the date of the Prospectus.

C. Since there are no such transaction to report under (A) and (B), the following are the details basis the last five primary and secondary transactions (secondary transactions where Promoters, and Promoter Group or shareholder(s) having the right to nominate director(s) on our Board, are a party to the transaction), not older than three years prior to the date of the Prospectus irrespective of the size of transactions:

D. The Issue Price is below mentioned times of the weighted average cost of acquisition based on Primary Issuances/ Secondary Transactions, as set out above in paragraph A & B or C above, are set out below:

The EBITDA of the Company on restated basis has been Rs. 835.35 lakhs in the financial year 2026, Rs. 551.72 lakhs in the financial year 2025, and Rs. 385.79 lakhs in the financial year 2024, which is showing total growth of 116.53% from FY 2024 to FY 2026. The PAT of the Company on restated basis has been Rs. 405.86 lakhs in the financial year 2026, Rs. 269.67 lakhs in the financial year 2025, and Rs. 170.49 lakhs in the financial year 2024, which is showing total growth of 138.06% from FY 2024 to FY 2026. Further, Book Value per Share of the Company on restated basis has been Rs. 20.59 in the financial year 2026, Rs. 14.71 in the financial year 2025, and Rs. 10.66 in the financial year 2024, which is showing total growth of 93.15% from FY 2024 to FY 2026. Further, the last secondary transaction was on March 30, 2024 at Rs. 125.00 per Share which was before the bonus issue.

The Independent Directors noted that it is a Fixed Price Issue and the Issue Price is justified based on quantitative factors and key financial and operational performance indicators (KPIs) vis-a-vis the weighted average cost of acquisition of primary and secondary transactions as disclosed in the "Basis for Issue Price" on page 102 of the Prospectus.

The Equity Shares are proposed to be listed on the SME platform of BSE Limited i.e. BSE SME, in terms of the Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations"). Our Company has received an In-principle approval from BSE Limited ("BSE") for listing the Shares pursuant to letter dated March 30, 2026. The investors are advised to refer to page no. 277 of the Prospectus for the full text of the "Disclaimer Clause of the SME Platform of BSE Limited". The Designated Stock Exchange is BSE for this Issue. The trading or date of listing is proposed to be commenced on Monday, August 03, 2026 (subject to receipt of listing and trading approvals from the BSE).

The Issue is being made through the Fixed Price process and the allocation in the Net Issue to the Individuals Investors category is made pursuant to Regulation 253(3) of the SEBI ICDR Regulations, wherein a minimum of 50% of the Net Issue to the Public is initially made available for allotment to Individual Investors. The balance of Net Issue to the Public is made available for allotment to Individual Applicants other than Individual Investors and other Investors including Corporate Bodies / Institutions irrespective of number of Shares applied for. All potential investors participated in the Issue only through an Application Supported by Blocked Amount ("ASBA") process including through UPI mode (as applicable) by providing details of the irrespective bank accounts and / or UPI IDs, in case of Individual Investors, if applicable, by the Self Certified Syndicate Banks ("SCSBs").

Detail of the Applications Received

The Basis of Allotment was finalized in consultation with the BSE, the Designated Stock Exchange pursuant to Regulation 253(3) of the SEBI ICDR Regulations on July 30, 2026, as under:

a. Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 95 per Share, was finalised in consultation with the BSE. The category was subscribed by 1.00 time. The total number of Shares allotted in this category is 1,29,600.

b. Allocation to Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Individual Investors, at the Issue Price of Rs. 95 per Share, was finalised in consultation with the BSE, the total number of Shares allocated in this category is 1,884,000 Shares (i.e. including spilled over of 682,800 Shares from Other than Individual Investors and an increase of 1,200 Equity Shares on the Issue Size, for the purpose of allotment). This category was subscribed by 1.70191 time and details of the Basis of Allotment are as under:

c. Allocation to Other than Individual Investors Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Other than Individual Investors, at the Issue Price of Rs. 95 per Share, was finalised in consultation with the BSE. The total number of shares allocated in this category is 5,17,200 Shares. The category was subscribed by 0.43100 times and details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on July 30, 2026, has taken on record the Basis of Allotment of the Shares, as approved by the BSE, the Designated Stock Exchange and has authorized the corporate action for the allotment of the Shares to various successful applicants. The CAN and/or allotment advice and/or notices to be dispatched to the email/address of the investors as registered with the depositories on or before July 30, 2026. Further, the instructions to the SCSBs for unblocking of funds and/or transfer to the Public Issue Account is processed on or before July 30, 2026. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue. The Shares allotted to successful applicants to be credited on or before July 31, 2026 to their beneficiary demat accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Shares admitted for trading on the SME Platform of BSE within 3 working days from the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

The details of the allotment made has been hosted on the website of the Registrar to the Issue, KFin Technologies Limited at Website: www.kfintech.com. All future correspondence in this regard may be addressed to the Registrar to the Issue quoting full name of the First/Sole Applicant, Serial number of the Application Form, Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given below:

	KFIN TECHNOLOGIES LIMITED
	301, The Centrium, 3rd Floor, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai - 400070, Maharashtra
	Tel. No.: +91 40 6716 2222; Email: advancetech.ipo@kfintech.com;
	Website: www.kfintech.com; Contact Person: M Murali Krishna

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF THE COMPANY.

DISCLAIMER: ADVANCE TECHNOFORGE LIMITED, is proposing, subject to applicable statutory requirements, receipt of requisite approvals, market conditions and other conditions, to make an initial public offer of its Equity Shares and has filed the Prospectus dated July 20, 2026 with RoC, SEBI and the BSE. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the BSE at www.bseindia.com and the Lead Manager i.e. Sun Capital Advisory Services Private Limited at www.suncapitalservices.co.in. The investors should note that investment in Equity Shares involves a high degree of ask. For more details, investors should refer to the Prospectus including the section titled 'Risk Factors' on page 24 of the Prospectus.