General Updates

RMC SWITCHGEARS LIMITED Investor Presentation From Electrical EPC to Modern Electrical Technology, Engineering Safety, Quality, and Intelligent Power Infrastructure for India. INVESTOR PRESENTATION Q1 FY27 Chapter 1: Company Overview 04 Chapter 2: India Drivers 20 Chapter 3: Business Strategy 31 Chapter 4: Financial Results 39 Q1 FY27 INVESTOR PRESENTATION Forward looking statements This presentation and the ensuing discussion may include forward-looking statements from RMC Switchgears Ltd that are not rooted in historical data. Statements regarding new products, pilot projects, market opportunities, order pipelines, and future business prospects are forward-looking and based on current expectations; actual results may differ materially. These forward-looking statements are contingent upon multiple risks and uncertainties, including regulatory alterations, economic variability, technological progressions, and other determinants that could substantially deviate from the expected outcomes outlined in the related forward-looking statements. RMC Switchgears Ltd disclaims responsibility for any actions taken based on such statements and does not pledge to publicly revise these forward- looking statements to reflect subsequent events or circumstances. Q1 FY27 INVESTOR PRESENTATION Investment Rationale Established company with over 30 years of experience in Robust manufacturing capabilities with Strong leadership team spearheaded the electrical and power industry. state-of-the-art facilities, quality focus by Ashok Kumar Agarwal who has and skilled workforce. more than 4 decades of experience. Innovative problem-solving A wide product range across the approach to reducing power theft, power sector, increasingly anchored safeguarding transformers, etc. by certified, intelligent technology Growth from FY22 to FY26 like PulseBox - shifting the mix Revenue: 401.6 from 41.6 toward higher-margin, defensible EBITDA: 47.1 from 5.6 products. PAT: 22.5 from 0.58 Strategically aligned with India's renewable Strategic partnerships and collaborations energy and electrification objectives, with state PSUs, private utilities, EPC Ventured into the new avenues for water positioning itself to make a significant entities, meter manufacturers etc. conservation, treatment, and management. impact in the solar energy sector. Q1 FY27 INVESTOR PRESENTATION Chapter 1 Company Overview Q1 FY27 INVESTOR PRESENTATION Empowering India, From Humble Beginnings to with Every Powering a Nation: RMC has undergone a transformative journey, evolving from a small enclosures Solution company with a 5,000 sq. ft. production facility to becoming a leader in India's power technology revolution, with its production facility now expanding to 8,00,000 sq. ft. Innovating for India's Tomorrow: From smart enclosures to certified intelligent products like PulseBox , our focus is on secure, sustainable, and advanced power solutions for every corner of India. Partners in Progress: Collaborating closely with State PSUs, visionary Private Utilities, and leading EPC entities, we're laying the foundation for India's next-generation power infrastructure. Discover the potential. Explore RMC's vision for an electrified India. Q1 FY27 INVESTOR PRESENTATION Message from the Chairman & Managing Director Our first day as a Main Board company was also the first day of this quarter. Our shares began trading on the Main Board of BSE Limited and were listed on the National Stock Exchange of India Limited on 1st April 2026. I have never treated that migration as an achievement to celebrate. It is a standard to meet - wider ownership, closer scrutiny, a higher bar on governance. We asked for it, and this quarter was our first under it. The case for building this Company has only strengthened. In May, the Central Electricity Authority put the distribution sector's capital expenditure pipeline through 2035 at ₹11.2 lakh crore, with close to 35 crore smart meters to be deployed. In July, ICRA estimated ₹5–6 lakh crore of transmission capital expenditure between FY2027 and FY2032. These are budgets with dates attached. One observation from the Authority matters more to us than either number. The sector must now move from deployment to outcomes: using data, strengthening reliability, and running networks on intelligence rather than guesswork.¹ India's distribution transformer (DT) base stands at about 8 lakh MVA, and most of it is unmonitored. That is the problem PulseBox was built to solve. What defined the quarter, and the weeks since, was the building of our order book. In August we received 12 Letters of Award from Paschim Gujarat Vij Company Limited worth ₹333.80 crore, to convert existing overhead high tension (HT) and low tension (LT) networks into underground cable networks. Further awards followed from Maharashtra State Electricity Distribution Company Limited, Jaipur Vidyut Vitran Nigam Limited and others. Our confirmed unexecuted order book Mr. Ashok Kumar Agarwal Chairman & Managing Director now stands at about ₹1,188 crore. Our thesis has not changed. Platform one, our enclosures, panels and utility EPC business, remains the foundation, pursued selectively. Platform two, our IP-led technology business, is where the next decade of value is made. Our best chapters are still ahead of us. Q1 FY27 INVESTOR PRESENTATION Message from the Whole-time Director & CEO A quarter is a short window into an infrastructure business. The contracts we sign this year will be built over the next two. That gap between award and billing shaped our first quarter of FY2027, and I would rather explain it plainly than leave the numbers to speak alone. Consolidated revenue from operations was ₹37.24 crore, against ₹84.53 crore in Q1 FY2026. On a standalone basis, revenue was ₹31.85 crore. Several of our larger contracts were in survey, design and mobilisation through the quarter. Billing follows commissioning, not award. Profitability held up better than the top line. Consolidated gross profit was ₹16.71 crore against ₹18.16 crore, on revenue that more than halved. Consolidated EBITDA was ₹7.75 crore and profit after tax ₹2.08 crore, with earnings per share of ₹1.97.¹ Margins rose sharply, and I want to be accurate about why. This is mainly a change in mix, as Solar EPC contributed far less this quarter. It is not evidence of a permanent step-up, and we will not present it as one. Reducing working capital intensity, and the cost of carrying it, is our clearest priority for the rest of the year. Order traction since the quarter closed has been strong. Between July and August 2026, we received awards aggregating about ₹369.63 crore. Our confirmed unexecuted order book now stands at about ₹1,188 crore, against above ₹800 crore at the close of FY2026. The Paschim Gujarat packages run 12 to 18 months from a commencement period of 45 days, so revenue from them will build through FY2027 and carry into FY2028. We have also strengthened the institution behind these numbers. Shareholders approved the appointment of Mrs. Manisha Godara as an Independent Director, effective 24th May 2026. In Mr. Ankit Agrawal Whole-time Director & CEO June, we designated Mr. Vikash Verma, Deputy Chief Financial Officer, and Mr. Ojas Sethi, Head of Finance and Accounts, as Senior Management Personnel. A company is judged not by the quarter in which it books an order, but by the discipline with which it delivers one. That is the measure we hold ourselves to. Q1 FY27 INVESTOR PRESENTATION Key Milestone in Our Journey 2003 2009 Received first order Set up a new plant for 2025 1994 2005 2017 from Rajasthan State manufacturing SMC Company incorporated for meter boxes Factory area increases and Polycarbonate Listed on Bombay RMC Named in Forbes Asia’s Best in 5000 sq. ft. supply to 35000 sq. ft. enclosures Stock Exchange-SME Under a Billion 2025 2000 2004 2008 2014 2024 2026 Started as OEM to Received first order Set up new plant at Entered into the Incorporation of Int [Showing first 8,000 characters — download PDF for full document]