Analysts/Institutional Investor Meet/Con. Call Updates

June 22, 2026 BSE Limited N ational Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Mumbai – 400 023 Bandra (E), Mumbai – 400 051 BSE Code: 532926 Scrip Code: JYOTHYLAB Dear Sir / Madam, Sub: Transcript of the conference call for analyst/ investors under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30(6) read with Schedule III, Part A, Para A, sub-para 15 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, transcript of the conference call for analyst / investors held on Thursday, June 18, 2026 at 17:00 hours IST to discuss update on ‘PRIL’ and ‘Fa’ brand license, is enclosed. Further, the aforesaid information is also available on the website of the Company at www.jyothylabs.com. Kindly take the above on your record and disseminate the same for the information of investors. Thanking you, Yours faithfully, For Jyothy Labs Limited Shreyas Trivedi Head – Legal & Company Secretary Encl.: as above Jyothy Labs Limited CIN: L24240MH1992PLC128651 ‘Ujala House’, Ramkrishna Mandir Road, Kondivita, Andheri (East), Mumbai 400059. Tel: +91 022-6689 2800 | Fax: +91 022-6689 2805 info@jyothy.com | www.jyothylabs.com “Jyothy Labs Limited Update Conference Call on Pril and Fa” June 18, 2026 MANAGEMENT: MS. M. R. JYOTHY – CHAIRPERSON AND MANAGING DIRECTOR – JYOTHY LABS LIMITED MR. PAWAN AGARWAL – CHIEF FINANCIAL OFFICER – JYOTHY LABS LIMITED MODERATOR: MR. ASHUTOSH JOYTIRADITYA – ICICI SECURITIES Page 1 of 11 Jyothy Labs Limited June 18, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Jyothy Labs Conference Call for an Update on Pril and Fa brand, hosted by ICICI Securities. 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 and then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ashutosh Joytiraditya from ICICI Securities. Thank you, and over to you, sir. Ashutosh Joytiraditya: Thank you Sagar. Hello, and good evening, everyone present on the call. I, on behalf of ICICI Securities, welcome you on this update call by Jyothy Labs. I would like to thank the management to give this opportunity of hosting the call. From the management, we have Jyothy ma'am, the CMD; and Mr. Pawan Agarwal, the CFO. I now hand the call over to Jyothy ma'am for her opening remarks. Thank you. M. R. Jyothy: Thank you. Good evening, everyone. Thank you for joining us today. This call addresses the developments relating to Pril and Fa, two brands that have been part of Jyothy Labs portfolio for nearly 15 years under brand license agreements with Henkel. Before we proceed, one point must be placed on record. The company has initiated the dispute resolution process under the agreement. There are, therefore, areas where we will remain measured in what we say. We will not comment on claim amounts, valuation estimates, timing of any outcome or probability of success. These matters will follow the contractual and legal process. The purpose of this call is to provide investors with business context, what happened, how the transition is being managed and how we see the path ahead. In 2011, Jyothy Labs acquired Henkel's India consumer business through a composite transaction covering brands, assets, and operations. As part of this arrangement, certain brands became fully owned by Jyothy Labs. Brands such as Margo, Neem Toothpaste, Tuhina, and Chek are fully owned. Mr. White and Henko continue under perpetual license arrangements with no royalty obligations. Pril and Fa operated under fixed-term brand license agreements with Henkel with royalties and defined exit provisions. Over the last 15 years, Jyothy Labs invested significantly behind these businesses in distribution, manufacturing, trade relationships, channel presence, and consumer franchise creation. Pril, in particular, became an important brand in the Dishwash Liquids segment under our stewardship. Henkel has communicated that it will not renew the Pril and Fa brand licenses following the end of the license term on 31st May 2026. Jyothy Labs respects this decision. As instructed by Henkel, from 1st June 2026, Jyothy Labs has stopped manufacturing, marketing, selling, and distribution of Pril and Fa. The company will follow the exit process in line with the provisions of the agreements. Page 2 of 11 Jyothy Labs Limited June 18, 2026 For several months, Jyothy Labs and Henkel were engaged in the active discussions covering revised commercial terms, operational alternatives, and business continuity options. These discussions concluded without a mutually acceptable framework for continuation. We have now evaluated all our available options and are pursuing legal remedies to assert our contractual rights on the exit and transition mechanism. Jyothy Labs is not disputing Henkel's ownership of the Pril and Fa brands. The question is, what follows from non-renewal under the agreement? The agreement contains an exit framework, including a defined contractual process for transition and valuation matters. Among them, a mechanism for determination of consideration linked to the business momentum and goodwill created during the license period. Commercial discussions were pursued over several months but did not result in mutually acceptable resolution. The company has, therefore, initiated arbitration at the Singapore International Arbitration Center to protect its contractual rights and the interest of its stakeholders. This is the agreed dispute resolution process under the contract, and the company will pursue it accordingly. Separately, operational matters, including inventory, receivables, trade schemes, and channel settlements are being managed as part of the normal transition planning. At this stage, the company does not expect any material residual exposure from such items. Pril has been an important contributor within the Dishwash Liquids segment. There will, therefore, be a near-term impact on revenue mix and margins during the transition phase. Within the Dishwash portfolio, Pril has historically been the anchor brand in liquids, while Exo has been the stronger franchise in bars. Exo Dishwash Liquid has been part of the company's portfolio since 2005-2006 and is now being scaled up with renewed focus and investment. The company's objective is to strengthen Exo as the broader dishwash franchise across formats. Manufacturing facilities are multiproduct and flexible, allowing capacity redeployment across liquids and other growth categories. The company does not expect material stranded manufacturing exposure arising solely from this transition. The contribution of Fa to the company's overall business has remained limited. Its exit does not materially alter the company's operating fundamentals. Henko and Mr. White arrangements are structurally different. They are held under perpetual license with no royalty obligation and do not carry the same fixed-term renewal provisions that existed for Pril and Fa. The company recognizes that FY 2027 will be a transition year for Dishwash Liquids. Near-term margin softness is expected during this phase. However, the medium- and long-term fundamentals of the business remain intact, supported by the company's diversified portfolio across Fabric Care, Home Care and Personal Care, its established distribution network, manufacturing capabilities, and execution strength built over several decades. Jyothy Labs remains committed to transparent communication, disciplined execution, and long- term value creation for its stakeholders. Further updates will be made as and when required in accordance with applicable law and regulatory requirements. Page 3 of 11 Jy [Showing first 8,000 characters — download PDF for full document]