ASK Automotive Limited — Important, 14-01-2025: Commencement of commercial production/operations

Commercial production has commenced at ASK Automotive's new facility in Karnataka, operated by its wholly owned subsidiary, ASK Automobiles. This facility marks the 18th manufacturing site for the group and the 3rd for ASK Automobiles. It is strategically located to serve the demand of OEM customers in southern India, which could enhance the company's operational capabilities and market reach. This development may bolster the company's growth trajectory and create new opportunities to increase revenue in a critical market segment. Investors should monitor this expansion closely for its potential to improve financial performance.