Press Release

Date: October 6, 2026 To, To, BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Corporate Relationship Department Exchange Plaza, C-1, Block G, P. J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (E), Fort, Mumbai - 400 001 Mumbai – 400051 BSE Scrip Code: 544913 NSE Symbol: GLASSWALL Subject: Press Release on Unaudited Financial Results for the quarter ended June 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in terms of other applicable laws, if any, please find enclosed the Press Release on Unaudited Financial Results for the quarter ended June 30, 2026. This intimation is also available on the Company’s website at www.glasswallsystems.in in compliance with Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We request you to take the same on record. Thanking You, Yours faithfully, For and on behalf of Glass Wall Systems (India) Limited Sagar Lambole Company Secretary and Compliance Officer Membership No. A45005 Glass Wall Systems (India) Limited (Formerly Glass Wall Systems (India) Private Limited) 503-504,5th Floor, A Wing, Marathon Futurex, Mafatlal Mills Compound, N.M. Joshi Marg, Lower Parel (E), Mumbai 400013. | Tel./Fax No: +91 22 6103 3456 E: info@glasswallsystem.com | W: www.glasswallsystems.in AN ISO 9001: 2008 COMPANY| CORPORATE IDENTITY NUMBER: U74999MH2010PLC207187 Press Release Q1FY27 Revenue grew 36% YoY, EBITDA grew 9% YoY, Achieving 21.3% EBITDA Margin Mumbai, October 06, 2026: Glass Wall Systems (India) Limited (NSE: GLASSWALL, BSE: 544913), one of India’s leading façade manufactures, announced its consolidated financial results for the quarter ended 30th June 2026. Consolidated Financial Performance Highlights: Profit and Loss (Rs. Crs) Q1FY27 Q1FY26 YoY% FY26 FY25 YoY% Domestic façade 62 32 93.0% 223 130 72.0% International business 39 44 -11.6% 207 115 80.1% Fenestration 6 3 126.9% 27 34 -19.8% Revenue from Operations 107 79 35.8% 457 278 64.2% Material Margin 61 44 37.9% 236 149 58.6% Material Margin % 56.5% 55.6% 51.7% 53.5% EBITDA 23 21 9.0% 105 73 44.1% EBITDA Margin 21.3% 26.6% 23.0% 26.2% Profit After Tax 17 19 -7.7% 84 58 45.7% Profit After Tax Margin 16.1% 23.7% 18.3% 20.7% EPS 2.0 2.2 9.9 6.2 Financial Highlights: • Domestic Business: Revenue of Rs. 62 crores, up 93% y-o-y, driven by strong project execution • International Business: Revenue of Rs. 39 crores, down 12% y-o-y, re;lecting the timing of order execution, with deliveries scheduled over the coming quarters • Fenestration Business: Revenue of Rs. 6 crores, up 127% y-o-y, driven by rising demand from the luxury residential segment • Orderbook: As of July,’26 is Rs. 982 crores • EBITDA Margins were impacted due to: o Revenue Mix: A lower contribution from the international business, which typically carries higher margins, also impacted overall margin performance during the quarter o Employee Costs: Increased manpower requirements for the expansion and operationalisation of new capacity, coupled with periodic salary revisions, led to increase in employee costs. o Other Expenses: Other expense includes freight cost which is now being borne by company and is billed to the export customer as per the revised commercial agreement versus ex-factory billing during the same period last year. (cid:1) Adjusted for the change in contract terms, EBITDA would be 22.5% in Q1FY27 • Pro;it after tax grew at lower pace compared to EBITDA growth led by o Lower other income since Q1FY26 had 1.6 Cr income on account of property sale o Higher depreciation on account of new capacity expansion commercialization • As the business mix normalizes, and capacity expansion comes through - we expect the impact of above factors to be normalized by end of year Press Release MANAGEMENT COMMENTARY Commenting on the results, Mr. Eshan Hemrajani, Managing Director & Chief Executive Officer, Glass Wall Systems (India) Limited, said: "Our listing marks an important milestone in the journey of Glass Wall Systems, and as we present our first set of results as a listed company, I would like to thank our shareholders, customers, partners and, above all, our team for their continued trust and commitment. Q1FY27 performance reflects the strength of our integrated façade solutions platform, which brings together design and engineering, manufacturing and project execution under one roof. We continue to see encouraging opportunities across our domestic façade business, international façade product supply and premium fenestration segment. A key strategic priority for us is backward integration through an in-house Glass Processing Unit (“GPU”) at our Vile Bhagad facility. Once operational, the GPU will reduce our dependence on external processed-glass suppliers, give us greater control over our supply chain and improve our manufacturing economics. Going forward, we will stay focused on disciplined execution of our robust project pipeline, deepening relationships with existing customers, expanding our international presence and strengthening our value- added manufacturing capabilities. Our order book of Rs. 982 crores as of 31st July gives us strong visibility, and our priority now is to convert it with the same discipline that has defined our execution track record. For FY27, we expect revenue to grow significantly over FY26, with EBITDA margins in line with previous year. Backed by sustained demand for high-quality façade and fenestration solutions, a healthy order pipeline and growing capabilities, we remain confident of delivering sustainable and profitable growth." About Glass Wall Systems (India) Limited Glass Wall Systems (India) Limited is a premier turnkey façade specialist, delivering integrated design, engineering, manufacturing and installation for commercial, residential and institutional projects. We seamlessly combine in-house design, precision manufacturing and expert on-site execution to build durable, high-performance building façades that create exceptional human-centric spaces. We are headquartered in Mumbai, with a strong business presence in Bangalore, Delhi, NCR, Kolkata, Ahmedabad, Hyderabad and Pune making us a true Pan India company. We have moreover expanded our operations and expertise to USA, Australia, Qatar, Ireland, Sri Lanka and Israel, where we offer a full range of glazing systems and custom-designed architectural metal works. From high-performing unitized curtain walls and structural glazing to custom architectural metalwork, aluminium fabrication and ACP cladding, we deliver durable, project-speci;ic solutions from concept to installation. For more information, please visit www.glasswallsystems.in Safe Harbor Statement Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking Press Release statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward- looking statements. The company assumes no obligation to update forward-looking statements to re;lect actual results changed assumptions or other factors. For investor queries, please contact; Company: Investor Relations Advisor: CIN: U74999MH2010PLC207187 CIN: U74140MH2010PTC204285 Mr. Sanjay Sawant Mr. Ami Parekh E: sanjay@glasswallsystem.com M: +91 80824 66052 / E: ami.parekh@sgapl.net Website: www.glasswallsystems.in Mr. Umang Shah M: +91 82918 32313 / E: umang.shah@sgapl.net Mr. Aadesh Pardeshi M: +91 97302 95536 / E: aadesh.pardeshi@sgapl.net W [Showing first 8,000 characters — download PDF for full document]