Analysts/Institutional Investor Meet/Con. Call Updates

Date: September 04, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phirozee Jeejeeboy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400001. Bandra (East), Mumbai – 400051 Scrip Code: 544865 Symbol: LEAPIND Dear Sir/ Ma’am, Subject: Earnings Call Transcript – Q1 FY27 We are enclosing herewith a copy of the transcript of the Company’s Q1 FY27 earnings conference call held on 01st September, 2026. The transcript is also available on the Company’s website at https://www.leapindia.net/sites/default/files/2026- 09/Earnings%20Call%20Transcript%20Q1%20FY27.PDF We request you to take the above on record. Thanking you. Yours faithfully, For LEAP India Limited Chirag Bagadia Company Secretary, Compliance Officer and Head Legal Membership No.: A21579 “LEAP India Limited Q1 FY27 Earnings Conference Call” September 01, 2026 MANAGEMENT: MR. SUNU MATHEW – CHAIRMAN, MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – LEAP INDIA LIMITED MR. HRISHI GANDHI – CHIEF GROWTH OFFICER – LEAP INDIA LIMITED MR. RAJESHAM ALLE – CHIEF FINANCIAL OFFICER – LEAP INDIA LIMITED MODERATOR: MS. SOUMYA CHHAJED – GO INDIA ADVISORS Page 1 of 27 LEAP India Limited. September 01, 2026 Moderator: Ladies and gentlemen, good day, and welcome to LEAP India Limited Q1 FY27 Earnings Conference Call hosted by Go India Advisors. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Saumya Chaubey from Go India Advisors. Thank you, and over to you, Saumya. Soumya Chhajed: Good morning, everyone, and welcome to maiden earnings call of LEAP India Limited. We have on call with us Mr. Sunu Mathew, the Chairman, MD, and CEO; Mr. Hrishi Gandhi, the Chief Growth Officer; and Mr. Rajesham Alle, the Chief Financial Officer. Please be reminded that discussion on today's call may include certain forward- looking statements and must be, therefore, viewed in conjunction with the risk pertaining to the business. I now request the management to take us through the same and provide some more insights on the quarter and year gone by. Post that, we'll open the floor to Q&A. Thank you, and over to you, sir. Sunu Mathew: So, thank you. This is Sunu Mathew here, MD, Chairman, CEO. First of all, a big Namaste to all the investors and whomsoever there is in the call. I welcome all of you to LEAP India Limited’s maiden earnings conference call. Let me talk something about FY26. It was an excellent year for LEAP, and our stock market listing actually marked an important milestone in our journey. As this is our first interaction with the investor community after listing, I would like to begin by explaining our business in a very, very simple terms. We are a supply chain asset pooling company, and these assets basically connects all four pillars of supply chain, namely supplier, manufacturer, third-party logistics, and the retailer. Everybody needs to understand that we are not a conventional transportation company or any kind of a warehousing company. Our pooling assets form the physical backbone of the supply chain. For the supply chain, if pallets are not there, then supply chain is not there. Whenever any kind of finished products, raw material, or packing material actually moves between warehouses, fulfillment center, and distribution, plastic containers, pallets, MHE equipments actually enable safer, faster, cost-effective, and standardized handling of the same. This is also actually called as unit load. Our assets enable companies to handle higher volumes by reducing loading and unloading time by up to 80% to 90%. It supports automation through conveyors, Page 2 of 27 LEAP India Limited. September 01, 2026 robotics, AGVs, thus improving space utilization and the efficiency of the goods which are moving between all four pillars of supply chain. Now, let me give few real-life examples which we experience in our company. I would like to take moment to give an example of two industries where pallets have actually helped business scale substantially and created significant cost saving. First example I would like to quote is a leading global beverage company which was able to move only 50 to 60 trucks in a day from one plant using the conventional method of loading everything into the truck through labor by hand, and post use of our pallets and forklifts, the number of truck released from the plant has gone to 300-plus per day. Second example is a global noodle manufacturing company. It has been able to reduce its damages, pilferages, and hence improve profitability using our pallets across its location in India, thereby supporting circular economy and creating stronger stakeholder value. These developments are creating strong opportunity for us with other companies in the same sector. Now, a punchline statement if I would like to give is like as supply chain becomes complex and more automated, a reliable and standardized pallet is no longer an optional thing. It actually becomes an integral part of the operating system. Coming to LEAP, we are India's largest on-demand asset pooling company with 90% market share. We manage approximately 14.9 million assets with an asset base exceeding INR1,690 crores. We serve more than 1,000 customers across 10,500 touchpoints, supported by 28 fulfillment center, basically warehouses. Our portfolio extends beyond pallet to containers, crates, foldable large containers, and material handling equipment. We believe we are absolutely positioned to capitalize on a multi-decadal structural opportunity driven by rising palletization in the country, formalization, and the shift from ownership to pooling of pallets. To put the opportunity into perspective, palletization in India remains significantly underpenetrated at just 14% to 17% versus 89% to 94% across developed markets such as North America, Europe, Americas, US, Australia, and New Zealand. Let me take a moment to explain Movement Hire, which is the core value and the services that we provide to our customers. Asset pooling in the country is at a very nascent stage. Globally, each pallet travels 4x on average per annum compared with just 0.4x in India. You can truly imagine what is the runway which is lying ahead of us that from 0.4, we have the opportunity to convert this into 4x. Of India's estimated 106 million pallets, 82 million pallets are low-quality, one-way pallets and largely unsuitable for pooling. Only 18 million pallets are actually pooling- grade, of which 10 million are currently pooled, and that is the reason we say 9 million pallet is with us, so we have 90% market share. Page 3 of 27 LEAP India Limited. September 01, 2026 Pooling converts asset ownership into on-demand service. Customers access the assets they need, where and when they need them without having to invest in ownership or manage tracking, maintenance, retrieval, or reposition. LEAP takes responsibility for the entire asset lifecycle. When supplier, manufacturer, 3PL, retailer are connected, this entire asset lifecycle like availability, quality deployment, tracking, recovery, repair, and redeployment across its network. When we talk about network, this is actually the real moat for us wherein from A to B and B to A locations, we have enough load to actually pool our assets. LEAP owns approximately 9 million of this pooled asset, representing market share of 90%. We are absolutely sector-agnostic. Let me explain that as organized the supply chain expands and customers increasingly focus on automation, we expect pallet adoption to broaden across industries. We are sector-agnostic, and our assets are being deployed across diversified industries and serv [Showing first 8,000 characters — download PDF for full document]