Analysts/Institutional Investor Meet/Con. Call Updates

Date: September 13, 2026 BSE Limited National Stock Exchange of India Limited 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400 051 BSE Scrip Code:544880 NSE Scrip Symbol: HORIZONIND Sub: Transcript of Investors / Analysts Conference Call on Q1 FY27 Financial Results of Horizon Industrial Parks Limited held on September 11, 2026 Ref: Our intimation dated September 07, 2026 and September 09, 2026 w.r.t. interaction with Investors / Analysts In furtherance to our above-referred intimations, please find enclosed the transcript of the Investors / Analysts Conference Call held on September 11, 2026. The said transcript is also available under the Investors Section of the website of the Company at www.hiparks.com. You are requested to take the above on your record. Thank you. For Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) Shraddha Poddar Company Secretary and Compliance Officer Membership No.: A23666 Encl.: as above. Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) Tower 1, Floor 15, One World Center, Lower Parel, Mumbai 400013 CIN: U60231MH2009PLC222156 I +91 22 4158 1000 I HiParks.com I compliance@HiParks.com “Horizon Industrial Parks Limited Q1 FY '27 Earnings Conference Call” September 11, 2026 MANAGEMENT: MR. URVISH RAMBHIA – CHIEF EXECUTIVE OFFICER – HORIZON INDUSTRIAL PARKS LIMITED MR. KUNAL SHAH – CHIEF FINANCIAL OFFICER – HORIZON INDUSTRIAL PARKS LIMITED MS. PRAPTI ZAVERI – DIRECTOR-INVESTOR RELATIONS – HORIZON INDUSTRIAL PARKS LIMITED Page 1 of 16 Horizon Industrial Parks Limited September 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call hosted by Horizon Industrial Parks Limited. 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 this conference call, please signal the operator by pressing star, then zero on your touchtone phone. I now hand the conference over to Ms. Prapti Zaveri from Horizon Industrial Parks Limited. Thank you, and over to you. Prapti Zaveri: Good evening, everyone, and thank you for joining our first earnings call. Before we proceed, I'd like to highlight that the management may make certain statements that may constitute forward-looking statements. Please be advised that our actual results could differ materially from these statements. Horizon Industrial Parks does not guarantee these statements or results and is not obligated to update them at any point of time. Specifically, any financial guidance and proforma information that we share on the call are management estimates based on certain assumptions and have not been subject to audit or review examination procedures. You are cautioned not to place undue reliance on such information, and there can be no assurance that we'll be able to achieve the same. Joining me on the call today are our CEO, Urvish Rambhia, and our CFO, Kunal Shah. Over to you, Urvish. Urvish Rambhia: Thank you, Prapti. Good evening, everyone. Let me first begin by acknowledging what has been a defining milestone in Horizon's journey. In August, we successfully completed our IPO and raised INR4,250 crores of fresh primary capital. The proceeds have been deployed for deleveraging, which brings our net debt down to INR2,500 crores, proforma as of end-June or 12.5% of enterprise value. More importantly, the IPO fundamentally changes Horizon's growth profile. Today, we operate with a substantially stronger balance sheet, access to capital markets, and ample financial flexibility to pursue growth opportunities while maintaining financial prudence. Stepping back, logistics has been a high-conviction investment theme for Blackstone for a very long time. Blackstone, as most of you know, is one of the largest owners of logistics assets globally, owning and managing over a billion square feet of logistics assets. Earlier in this decade, we saw a similar opportunity emerging in India, driven by GST-led supply chain formalizations, the growth in e-commerce, and the demand for institutional-quality infrastructure. With that conviction, Horizon was established in 2020 to build industrial and logistics infrastructure at scale and become an enabler of India's growth story. Six years later, that vision has translated into very, very tangible outcomes. Horizon has achieved a remarkable sixfold expansion, growing to 61 million square feet, making us India's largest industrial and logistics real estate platform. Today, our business spreads across 9 states, 10 markets, and 46 assets. We own 2,300 acres of land. We serve over 120 customers and are rapidly building India's largest last-mile network. Our evolution mirrors the evolution of the Indian economy. When we started in 2020, the most compelling opportunity was enabling the rapid growth of organized e-com. India was witnessing accelerating digitization, rising online consumption, and overall sophistication of the supply Page 2 of 16 Horizon Industrial Parks Limited September 11, 2026 chains. We built large-format fulfillment centers that enabled leading e-com, retail, FMCG, and 3PL companies to scale their nationwide distribution networks efficiently. As India's manufacturing ecosystem gathered momentum, supported by PLIs, the Make in India initiatives, and broader global supply chain diversifications, customer requirements started to evolve beyond just traditional warehousing. Businesses increasingly sought modern plug-and- play infrastructure that could support assembly, manufacturing, processing, and value-add operations. Recognizing this shift very early, we expanded our offering beyond just the logistics infrastructure and established a very strong presence in the industrial segment. More recently, another opportunity emerged: the exponential rise of quick commerce and hyperlocal fulfillment created demand for infrastructure located much closer to the end consumers. At the same time, there was no institutional-grade in-city logistics infrastructure at all. As you know, creating such assets is very difficult given alternate land use in dense urban areas. And we recognized this gap also very early. We built our in-city platform, which today spans 17 assets across 7 major cities and provides access to more than 20 million consumers within a 30-minute driving distance. This combination of proximity, scale, and the Grade-A infrastructure that we are creating here is creating a very, very differentiated platform that remains extremely difficult to replicate. Today, Horizon serves large blue-chip corporates, which are fueling India's consumption and manufacturing growth. With consumption in e-commerce, we enable companies like Amazons, and Colgates, Unilever, Zara, amongst others, to create large-scale distribution fulfillment hubs, which serve millions of consumers every single day. Within industrial and manufacturing, we provide plug-and-play infrastructure for companies such as Schneiders, the SIGs, the Lumax of the world, the Tatas, the Vestas, and many more such global manufacturing leaders that use our facilities to manufacture, assemble, and distribute products across India and international markets. We are not only supporting customers across renewables, EVs, and automotive, but also customers from the sunrise sectors like data centers, semiconductors, aerospace, defense, and all of this collectively represents today nearly half of our portfolio. At Horizon today, we are serving nearly every sector of the Indian economy, and a rapidly growing customer family is today already exceeded 120 partners. Let me now briefly touch upon our operational and financial performance for this quarter. Q1 has been our strongest ever quarter. We delivered revenue of INR200 crores, representing 23% year-on [Showing first 8,000 characters — download PDF for full document]