Updates

September 21, 2026 To, To, Listing/Compliance Department Listing/Compliance Department BSE LTD. National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Plot No. C/1, Dalal Street, G Block Bandra-Kurla Complex, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. BSE CODE : 524208 NSE Symbol : AARTIIND Dear Sir/Madam, Sub.: Investor Presentation Ref.: Regulation 30(6) of the SEBI (LODR) Regulations, 2015. Please find enclosed herewith presentation made to the Shareholders of the Company at the 43rd Annual General Meeting held today i.e. September 21, 2026. Kindly take the same on record. Thanking You, Yours faithfully, FOR AARTI INDUSTRIES LIMITED RAJ SARRAF COMPANY SECRETARY ICSI M. NO. A15526 Encl.: As above. 43rd Annual General Meeting 21st September, 2026 1 2 3 4 5 Company Key Updates Financial Growth Awards & Overview and Snapshots Opportunity & Corporate Strengths Strategy Social Responsibility INDEX Aarti Industries at a Glance Established by first generation technocrats in 1984 Benzene based Feedstock Assurance and Downstream Products Supply Integrated operations and high-cost optimization Toluene based Technology Sharing Key value chains include Nitro Chloro Benzenes, Downstream Products Speciality Strategic Di-Chlorobenzenes, Phenylenediamines, Nitro Toluene Value Chemicals Partnerships Chain and Sulphuric Acid & downstream Sulphuric Acid Products Joint Product Development Strong R&D capabilities with IPRs for customized products Other Speciality Chemicals Manufacturing Outsourcing Strategically located: In western India with proximity to ports 100+ 60 11 4 Products Exporting Zero Liquid State-of-the art Countries Discharge Plants R&D Centers (incl 2 pilot plants) 1,100+ 16 5 5800+ Domestic & Manufacturing Co-generation Employees Global Customers Plants Power Plants Our Ethos AIL VALUES PURPOSE Right Chemistry for a Brighter Tomorrow VISION To emerge as a Global Partner of Choice for leading consumers of speciality chemicals and intermediates MISSION Delighted Stakeholders CARE INTEGRITY EXCELLENCE Well Diversified Across Various Regions Industries Served Textiles and Polymers & Paints Medicines Air Fresheners Agrochemicals Oil Refineries Fabrics Additives Key Customers Region Wise Revenue 1 2 3 4 5 Company Key Updates Financial Growth Awards & Overview and Snapshots Opportunity & Corporate Strengths Strategy Social Responsibility INDEX FY26: A Roller-Coaster year FY25 US Tariff Part Suspension to India / Pakistan Revenue: 8046 Cr Announcement India for US Tariff Conflict EBITDA: 1016 Cr 1st Apr 25 Apr 25 Apr 25 May 25 US Imposed India Penalty Tariff Jul / Aug @50% China Reversal of India EU FTA Incentives / announcement Anti-involution Jan 26 Dec 25 US India Trade deal Feb 25 Announcement FY26 Revenue: ₹9018 Cr 12% Mar 26 Mar 26 Mar 26 EBITDA: ₹1172 Cr 15% Executed 15 Year Executed $150mn West Asia Conflict 31st March Backward Integration Supply Contract with 2026 Contract Global agro major Key Updates Sustainability ● EcoVadis| Got elevated to Platinum Rating in June 2026 | Top 1% of global chemical companies ● DJSI | Achieved a 2025 CSA score of 78 (last year 62) | Top 2% (500+ global chemical companies) ● AIL featured in the S&P Global Sustainability Yearbook 2026 ● Renewable energy contributed over 21% to our total power purchased; Excepted to reach to 70% by end of FY27 ● Over 95% of hazardous waste was recovered, recycled and co-processed Partnerships ● Augene JV and Re Aarti JV under execution and expected to commission in FY27 ● Signed 2 additional long term contracts in Q4 in line with our long term growth strategy Volume Growth ● MMA capacity increased from 200 to 290 kTPA in FY26 and further scaled up to 360 kTPA in Q1FY27 ● Higher asset utilization across DCB, NCB and NT value chains indicating volume recovery driven by recovering demand in agrochemicals, pharmaceuticals and polymers end uses Cost savings ● Successful cost savings drive completed across all value chains generating ideas on product yield, energy efficiency of the manufacturing process through the use of digital and advanced analytics and best in class engineering solutions with 70% of the ideas implemented and generating value Engagement ● Won Gallup Exceptional Workplace Award as part of consistent efforts towards Employee engagement; demonstrates consistent strengthening of employee experience and culture Capacities and utilization trend for few major products FY26 Product Groups Capacity (in KTPA) FY22 FY23 FY24 FY25 FY26 Y-o-Y Utilization% NCB 108 76.6 77.8 73.5 85.3 92.7 9% 86% DCB 120 74.6 84.2 80.7 88.6 96.5 9% 80% Hydrogenation 60 35.7 37.2 39.1 44.4 50.8 14% 85% PDA 12 6.5 4.2 4.4 3.9 6.6 69% 55% NT 45 16.0 23.9 30.5 29.4 37.0 26% 82% Ethylation 25-30 7.2 11.9 10.5 14.5 20.5 41% 82% MMA / Fuel Additives 290+ 23.1 37.8 89.3 123 237.6 93% 86% Fuel Additive capacity at full utilisation towards the end of year; Further expanded it to 360kT in Q1FY27 DCB volumes increase supported by PDCB and downstream demand; Further debottlenecking to 140kT underway NT and Ethylation capacity utilization driven by MEA, DEA demand; Expected to improve in CY26 with DEA downstream integration investment (PEDA) and increasing demand outlook for MEA PDA capacity utilization impacted on account of US Tariffs and competition from China; expected to remain under pressure Revenues by End-use ₹ Cr 8046 1867 2250 2492 2422 9018 Agrochemicals application showing steady Agrochemicals & 18% 19% 19% volume growth; margins continue to remain Fertilizers under pressure. 12% 15% 11% 10% 11% Dyes, Pigment & Printing Inks applications Dyes, Pigments and operating at steady levels. Printing Inks Higher volumes in energy application driven by favorable blending economics, expanded Energy 36% 36% 43% 42% 43% capacities; Volume increase across US and EMEA regions. Pharma 1 0 % 12% Pharma volumes operating at steady levels 9% 10% 10% and expected to improve going forward. Polymer and Additives 12% 14% 14% 14% Polymer & Additives witnessing good demand and volumes especially for China Others 9% 5% 5% 3% 5% 4% EV markets; US volumes recovery underway. FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 FY26 JV Updates DCA downstream JV with Superform Project progressing well as planned. Tailwinds in one of the end applications being witnessed; may support quicker capacity utilization Expected commissioning in H1FY27 Chemical Recycling of plastics Delivery of critical equipments underway; on ground execution in full swing Engaging with potential pyrolysis oil customers All regulatory approvals in place Expected to commission in FY27 New Contracts Exclusive Backward integration: Deepening Long term Partnership with Leading Global Chemical Company In March 2026, AIL entered into material amendment to its existing exclusive long term supply contract. As a part of extended scope, AIL will undertake a backward integration project to manufacture a significant part of feedstock, which is currently supplied by the customer. Thus transitioning to an highly integrated end to end manufacturing model. This integration brings in Opex and Freight optimisation, improved supply chain resilience, etc. This amendment to positively enhance the EBITDA over the residual period of 15 years under the original agreement. AIL to invest about ₹200–250 crore over next two years for this upstream integration. US$ 150mn Medium Term Supply Contract with Global Major In March 2026, AIL entered into multi year supply agreement with top global agrochemicals innovator till March 2030. Product part of existing AIL Value chain and has application into crop protection formulations. AIL has adequate capacities and the contract will support higher capacity utilisation without significant capex. Volume growth to be progressively visible from FY27. 1 2 3 4 5 Company Key Updates Financial Growth Awards & Overview and Snapshots Opportunity & Corporate Strengths Strategy Social Responsibility INDEX Key Performance Indicat [Showing first 8,000 characters — download PDF for full document]