Analysts/Institutional Investor Meet/Con. Call Updates

SG MART LIMITED (formerly known as Kintech Renewables Limited) Registered Office: H. No. 37, Ground Floor, Hargovind Enclave, Vikas Marg, Delhi-110092 Corporate Office: A-127, Sector-136, Noida, Gautam Buddha Nagar, Uttar Pradesh-201305 Tel: 011-44457164 | Email: compliance@sgmart.co.in Website: www. sgmart.co.in | CIN: L46102DL1985PLC426661 July 22, 2026 The Listing Department Department of Corporate Services/Listing National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Bandra-Kurla Complex, P hiroze Jeejeebhoy Tower, Bandra (E), Mumbai-400051 Dalal Street, Fort, Mumbai-400001 NSE Symbol : SGMART Scrip Code: 512329 Dear Sir/Madam, Sub: Transcript of the Conference Call held on July 20, 2026 With reference to our letter dated July 15, 2026 intimating to the stock exchange(s) about the conference call with Analyst(s)/ Institutional Investor(s) held on July 20, 2026. In terms of the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcript of the aforesaid conference call. Submitted for your kind information and necessary records. Thanking you Yours faithfully For SG Mart Limited Sachin Kumar Company Secretary & Compliance Officer M. No. F13972 Encl: a/a “SG Mart Limited Q1 FY27 Earnings Conference Call” July 20, 2026 MANAGEMENT: MR. SURAJ KUMAR – CHIEF FINANCIAL OFFICER – SG MART LIMITED MR. ANUBHAV GUPTA – GROUP CHIEF STRATEGY OFFICER – SG MART LIMITED MR. AMIT THAKUR – DIRECTOR, B2B METAL TRADING – SG MART LIMITED MR. ARCHIT ARORA – VICE PRESIDENT SERVICE CENTER AND DISTRIBUTION BUSINESS – SG MART LIMITED MS. ANAMIKA GULATI – SENIOR GENERAL MANAGER RENEWABLE BUSINESS – SG MART LIMITED MODERATOR: MR. PALLAV AGARWAL – ANTIQUE STOCK BROKING LIMITED Page 1 of 16 SG Mart Limited July 20, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the SG Mart Limited Q1 FY27 Earnings Conference Call hosted by Antique Stock Broking 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 at the end of today's presentation. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Pallav Agarwal from Antique Stock Broking. Thank you, and over to you, sir. Pallav Agarwal: Yes. Thank you, Manav, and good evening, everyone. A warm welcome to SG Mart's First Quarter FY27 Earnings Call. We have the senior management team represented by Mr. Amit Thakur, the Director, B2B Metal Trading; Mr. Suraj Kumar, the Chief Financial Officer; Mr. Archit Arora, the VP, Service Center and Distribution Business; Anamika Gulati, Senior GM, Renewables Business; and Mr. Anubhav Gupta, the Group Chief Strategy Officer. So now I'd like to hand over the call to Mr. Anubhav Gupta for his opening remarks. Over to you, Anubhav. Anubhav Gupta: Thanks, Pallav, and thanks, Antique Broking for hosting SG Mart for its quarter 1 FY27 earnings call. On behalf of SG Mart, I welcome all the participants on this call, and I would like to extend a warm welcome to everyone who has joined this call. It gives me a lot of pleasure to announce that Q1 FY27 is the second quarter of sustained revenue and profitability for the consecutive quarters. It proves that our business model is working well and is throwing the return and the profitability as expected. The Mart business model has evolved from trading to manufacturing. And in its new avatar, we are focusing on 5 key pillars, which are: number one, manufacturing; number two is branding; number three is distribution; number four is a network of service centers; and number five is online marketplace. So under these new product categories, we have already launched 10 products and 7 are in pipeline, which will be launched in the next 2 quarters. So the new categories which have been formed are, number one, products through service centers; number two is various steel profiles; number three is renewable structures; and number four, various products in the accessories category. So right now, the idea in SG Mart is to create a manufacturing platform with ability to sell in own brand through network of service centers and our own distribution network. On top of that, we will have our own online sales channel to boost reach and profitability. So talking about category-wise revenue and profitability numbers. So from service center, we did volume of 160,000 tons in quarter 1. The profitability in this business is intact within the Page 2 of 16 SG Mart Limited July 20, 2026 range of INR2,000 per ton. As of now, we have 7 service centers, which are fully operational, and we shall launch 5 service centers every year to take this number to 25 by 2029. The second business is steel profiles into multiple products, which cater to industries like construction, infrastructure and industries. The total volume we did here is 18,000 tons. Capacity -- 18,000 tons in quarter 1, so which means for the full year, the run rate is around 75,000 tons. We already have capacity of 200,000 tons for these various products, which will ramp up over the next few years. The renewable structures, we did volume of around 11,000 tons. The run rate for the full year is around 50,000 tons. Here also, our capacity is already around 200,000 tons. So we are having enough capacity for next 2 to 3 years to meet the demand from the solar industry. The EBITDA per ton across these steel profile business and renewable business is around INR3,000 to INR4,000 per ton, and it shall improve as we will set up our own backward manufacturing line in next 1.5 years, which will boost our profitability to INR6,000 to INR7,000 per ton. And the last segment is accessories, where we have already launched 2 products and the revenue ramp-up has already begun there. So for quarter 1 FY27, if we annualize the financials, the ROCE comes to around 23% with net cash on books around INR690 crores. We spent INR90 crores capex in quarter 1. And for full year, we shall be spending around INR400 crores to INR500 crores. Now given that a lot of focus is on manufacturing and setting up service centers, the total capex requirement in the business will be about INR1,500 crores in the next 2 to 3 years. Now INR700 crores, we already have on books. And next 2, 3 years, we will have enough operating cash flow to meet this capex demand. So there is no requirement of any new capital raising or any dilution. Everything will be funded from existing cash on the books plus internal cash flow generation. So we are overall pretty pleased with how SG Mart is shaping up, how each of the verticals is shaping up. And we are bullish on the product pipeline, which we recently launched in the last few quarters, plus the new pipeline of 7 products we have already planned, plus there will be new categories like contract manufacturing, etcetera, which we will add to the existing 4 revenue streams. All in all, we wish to have 7 to 8 revenue streams with multiple products and which will give the scale to SG Mart in terms of manufacturing and sales through our distribution network and using our own brand, catering to multiple industries like infrastructure, construction, renewables industries, including large scale and small scale both. So by 2030, we expect SG Mart to reach a scale where it would have a unique positioning in terms of helping India and its industries in terms of manufacturing and distribution. So that's it from our side. We are happy to take questions. Moderator: Thank you so much, sir. We will now begin the question and answer session. We have our first question from the line Rehan Saiyyed from Trinetra Asset Managers. Please go ahead. Page 3 of 16 SG Mart Limited July 20, 2026 Rehan Saiyyed: So my first question is around the customer side. So your SG Mart has built relations [Showing first 8,000 characters — download PDF for full document]