PTC Industries has announced through an official press release that its UK-based subsidiary Trac Precision Solutions Limited has signed a comprehensive five-year Memorandum of Understanding (MoU) with Coolbrook Oy for manufacturing components supporting RotoDynamic Heater technology. The announcement was made on March 10, 2026, in compliance with SEBI Regulation 30 disclosure requirements.

Partnership Framework and Scope

The strategic collaboration establishes Trac as Coolbrook's preferred machining partner for manufacturing first-generation RotoDynamic Heater (RDH) units and supporting industrial scale-up initiatives. The partnership encompasses multiple technical dimensions designed to advance industrial electrification technology:

Technology and Manufacturing Integration

Coolbrook's RotoDynamic Heater technology represents a breakthrough in industrial electrification, capable of reaching temperatures up to 1700°C while replacing fossil fuel combustion in traditionally hard-to-abate sectors including steel, cement, petrochemicals, and chemicals. The collaboration includes early-stage Design for Manufacture (DfM) collaboration, production readiness initiatives, and support for future design optimization.

The structured cooperation framework covers manufacture of selected first-generation RotoDynamic Heater components, integrated design collaboration to optimize scalability, and alignment with Coolbrook's commercial deployment roadmap.

Leadership Perspectives

Liam Bevington, Managing Director of Trac Precision Solutions, emphasized that Coolbrook's decision reflects confidence in their precision engineering capability and manufacturing discipline. Joonas Rauramo, CEO of Coolbrook, highlighted the partnership's importance as they advance toward full commercial deployment, noting Trac's precision engineering expertise strengthens their pathway to commercial scale.

Sachin Agarwal, Chairman & Managing Director of PTC Industries Limited, stated the collaboration reinforces the Group's strategy of building partnerships around advanced technologies, expanding participation in high-impact global value chains while supporting industrial decarbonization through precision manufacturing.

Strategic Impact and Market Positioning

This partnership positions PTC Industries' subsidiary in the industrial electrification and decarbonization manufacturing sector, providing medium-term production visibility in a scaling clean technology program. The collaboration strengthens the company's presence within sustainable global industrial supply chains while supporting Coolbrook's mission to cut 2.4 billion tons of annual CO2 emissions in heavy industry.

While the MoU is non-binding except for confidentiality provisions, it establishes a structured framework intended to support long-term manufacturing collaboration as RotoDynamic technology advances toward global commercial deployment.

PTC Industries Limited announced its quarterly financial results and key corporate decisions during a board meeting held on February 14, 2026. The company disclosed important updates regarding its financial performance and fund utilization timeline.

Financial Results Approval

The board of directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025. The approval covered both standalone and consolidated financial statements, following recommendations from the audit committee and compliance with Regulation 33 of SEBI listing obligations.

QIP Proceeds Utilization Extension

The board approved an extension for the utilization timeline of Qualified Institutional Placement (QIP) proceeds. The company had originally planned to deploy the entire QIP amount by March 31, 2026, as disclosed in the placement documents.

The extension applies only to any remaining unutilized funds as of March 31, 2026, and pertains solely to the deployment timeline for general corporate purposes. The company emphasized that there is no change in the objects of the issue as stated in the original placement document.

Subsidiary Structure and Operations

The consolidated results include multiple entities within the PTC Industries group structure. The company operates through various subsidiaries and step-down subsidiaries acquired at different periods.

Group Entities:

• PTC Industries Limited (Holding company)
• Aerolloy Technologies Limited (Wholly owned subsidiary)
• Trac Holdings Limited (Wholly owned subsidiary from December 19, 2024)
• Trac Precision Solutions Limited (Step down subsidiary from December 19, 2024)
• Broomco Limited (Step down subsidiary from December 19, 2024)
• Trac Group Limited (Step down subsidiary from December 19, 2024)
• Advance Material (Defence) Testing Foundation

Regulatory Compliance and Documentation

The company submitted comprehensive documentation to stock exchanges, including limited review reports and unaudited financial results in prescribed formats. The financial information was reviewed by S N Dhawan & CO LLP, chartered accountants, who provided separate review reports for both standalone and consolidated results.

The meeting outcomes and financial results have been uploaded on the company's website at www.ptcil.com and communicated to both National Stock Exchange of India Limited and BSE Limited for record and dissemination purposes.