Analysts/Institutional Investor Meet/Con. Call Updates

18th July, 2026 The Manager (Listing), The Manager (Listing), The BSE Ltd. National Stock Exchange of India Ltd. Mumbai Mumbai Company’s Scrip Code: 505700 Company’s Scrip Code: ELECON Sub. : Transcript of the Earnings Conference Call held on 13th July, 2026 Ref. : Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, With reference to the above referred Regulation and in continuation of our letter dated 7th July, 2026, please find attached herewith the transcript of the Earnings Conference Call held on 13th July, 2026 for Q1 of the Financial Year 2026-27. The same is available on the website of the Company at https://www.elecon.com/investors/audio-video-recordings-and-transcripts-of-post- earnings-quarterly-calls. You are requested to take the same on your records. Thanking you. Yours faithfully, For Elecon Engineering Company Limited, Bharti Isarani Company Secretary & Compliance Officer Encl.: As above “Elecon Engineering Company Limited Q1 FY27 Earnings Conference Call” July 13, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recording uploaded on the stock exchange on 13th July, 2026 will prevail MANAGEMENT: MR. CHINTAN SHAH – CHIEF FINANCIAL OFFICER – ELECON ENGINEERING COMPANY LIMITED MR. DIPAK DALWADI –HEAD GEAR DIVISION – ELECON ENGINEERING COMPANY LIMITED MR. KAUSHIK PATEL –HEAD MATERIAL HANDLING EQUIPMENT DIVISION – ELECON ENGINEERING COMPANY LIMITED MODERATOR: MR. ABHISHEK TAPARIA – EMKAY GLOBAL FINANCIAL SERVICES LIMITED Page 1 of 18 Elecon Engineering Company Limited July 13, 2026 Moderator: Ladies and gentlemen, good day and welcome to Elecon Engineering Company Limited's Conference Call hosted by Emkay Global Financial Services 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 the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Abhishek Taparia, Emkay Global Financial Services Limited. Thank you and over to you. Abhishek Taparia: Good afternoon, everyone. I would like to welcome the management and thank them for this opportunity. We have with us today Mr. Chintan Shah, CFO; Mr. Dipak Dalwadi, Head of Gear Division; and Mr. Kaushik Patel, Head of Material Handling Equipment Division. I shall now hand over the call to the management for the opening remarks. Over to you, gentlemen. Chintan Shah: Thank you Abhishek. Good evening and a very warm welcome to Elecon Engineering's Q1 FY '27 Earnings Conference Call. Joining with me today are Mr. Dipak Dalwadi, Head of Business Gear Division, and Mr. Kaushik Patel, Head of Business for MHE Division. Our earnings press release and investor presentation have been submitted to the Stock Exchanges and are also available on our website. We will start by sharing an overview of our business. This will be followed by a detailed review of our financial performance, after which we will be happy to take your questions. Elecon Engineering today stands among Asia's leading manufacturers of industrial gear solutions and material handling equipment. It is built on decades of engineering excellence, deep domain expertise, and trusted customer relationships. In our Gear division, Elecon continues to maintain a leadership position in India's organized industrial gear market, offering one of the industry's broadest product portfolios across sectors such as steel, cement, power, and marine. Our Material Handling Equipment division is backed by over 75 years of experience. The division possesses the capability to design and manufacture large, complex, and high-capacity equipment such as wagon tipplers, stacker reclaimers, crushers, and specialized conveyor systems. Our key differentiator is fully integrated manufacturing model where every critical process from drawing to design to manufacturing to testing to quality control is carried out under one single roof. Today Elecon serves customers across more than 95 countries through its domestic operations and overseas subsidiaries. It provides us with a diversified growth platform. With that, I would like to hand over the call to Mr. Dipak Dalwadi and then to Mr. Kaushik Patel to discuss the performance of the gear and MHE division respectively. Page 2 of 18 Elecon Engineering Company Limited July 13, 2026 Dipak Dalwadi: Thank you Chintanji. The Gear division which contributed nearly 80% of our consolidated revenue to INR416 crores during the quarter delivered a strong performance with revenue growing by 16.3% year-on-year. The growth was underpinned by steady execution of our order book and supported by a gradual improvement in the international market. The international market has accounted for nearly 36% of our consolidated Gear division revenue showing a robust growth of 37.6% Y-o-Y. Similarly, the growth momentum can also be seen in our order inflows and our open order book. The consolidated order intake increased 18.8% year-on-year to INR570 crores during the quarter. Moving on to our open order book, which currently stands at INR1,043 crores, is up 46.9% year- on-year, providing strong revenue visibility and giving us confidence in our growth trajectory over the coming quarters. This demand shown in across key user industries. However, the major key contributors were from power, steel, cement, and MHE. Specifically, the power sector has contributed approximately 27% in total order intake in the form of a large single order which was mentioned in during our Q4 FY26 con-call. As we look ahead, the business environment continues to remain encouraging. Enquiry activity has been healthy and order inflows are showing steady improvement across both domestic and international markets. Demand across our key user industries continues to strengthen, providing greater visibility for rest of the financial year. We remain confident in Gear division's ability to build on this momentum and deliver sustainable growth going forward. With that, I would like to hand over the call to Mr. Kaushik Patel, Head of our Material Handling Equipment division, who will take you through the performance of MHE business. Thank you. Kaushik Patel: Thank you Dipak ji. The MHE division reported a marginal decline in revenue during the quarter with revenue moderating by 2.9% year-on-year. This was primarily on account of project execution delays. Nevertheless, the underlying business momentum remains encouraging. Our healthy order book and improving order inflow provide the strong visibility for the quarters ahead. During the quarter, order intake witnessed a significant growth of 38.1% year-on-year reaching INR185 crores. The order intake was primarily driven by the strong demand from power, cement, followed by port, reflecting the continued investment momentum in these key end-user industries. Our open order book stood at INR475 crores as of June 30, 2026, reflecting a 18.8% increase compared to the corresponding period last year. These indicators reinforce confidence in the division growth trajectory as project execution gathers pace. We continue to see encouraging enquiry activity across the key sectors which provides confidence in the medium to long-term outlook for the division. We are pleased to share that the MHE division has secured a overseas order worth approximately INR21 crores in port industry, reflecting the growing acceptance of our capability in international market. Page 3 of 18 Elecon Engineering Company Limited July 13, 2026 With that, I would now like to hand the call back to Mr. Chintan Shah, who will take you through Elecon's financial performance in greater detail. Thank you. Chintan Shah: Thank you Kaushik bhai. I will now briefly review our consolidated financial performance for the quarter. Before I begin, I would like to highlight that [Showing first 8,000 characters — download PDF for full document]