Analysts/Institutional Investor Meet/Con. Call Updates

STEAMHOUSE INDIA LIMITED Date: 10th October 2026 Ref. No.: SHIL/OCT/10/2026-27 To To Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 544914 (BSE) Symbol: STEAMHOUSE (NSE) ISIN: INE0FRO01022 Subject: Submission of Transcript of Earnings Call on the Unaudited Financial Results (Standalone and Consolidated) for the Quarter Ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earnings Call of Steamhouse India Limited (“the Company”) held on Tuesday, October 6, 2026, in relation to the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. The transcript is also available on the Company’s website at www.steamhouse.in. This is for your information and records. Thanking You, For Steamhouse India Limited Shyam Bhadresh Kapadia Company Secretary & Compliance Officer FCS No.: 13082 STEAMHOUSE INDIA LIMITED CIN: U40300GJ2015PLC083493 Contact No.: +91 9099512222, 0261-2998109 | Email Id: compliance@steamhouse.in | Website: www.steamhouse.in. Registered office address: Office No. – 324, Second Floor, Four Point, V.I.P. Road, Vesu, Surat-395007, Gujarat. “Steamhouse India Limited Q1 FY27 Earnings Conference Call” October 06, 2026 MANAGEMENT: MR. VISHAL S. BUDHIA – CHAIRMAN AND MANAGING DIRECTOR – STEAMHOUSE INDIA LIMITED MR. VAIBHAV GATTANI – CHIEF FINANCIAL OFFICER – STEAMHOUSE INDIA LIMITED MODERATOR: MR. AMIT SHARMA – ADFACTORS PR Page 1 of 23 Steamhouse India Limited October 06, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call of Steamhouse India 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 this conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Amit Sharma from Adfactors PR. Thank you, and over to you, sir. Amit Sharma: Thank you, Neerav. Good morning, everyone. Welcome to the Q1 FY27 Earnings Conference Call of Steamhouse India Limited. Today, from the management side, we have with us Mr. Vishal S. Budhia, Chairman and Managing Director; Mr. Vaibhav Gattani, Chief Financial Officer of Steamhouse India. Also, we have the Adfactors PR team. We will begin the call with the opening remarks from the management, after which we shall open the forum for the Q&A session. Kindly note that the company is presently in the silent period pending the announcement of its financial results for the quarter ended September 30, 2026. This call would not discuss any unpublished financial or operational information or any other unpublished price-sensitive information. The discussion shall be limited to the information that is already in the public domain or has been previously disclosed in accordance with the applicable laws and regulations. I must remind you that this conference may include forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the management as on the date of this call. These statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference to Mr. Vishal S. Budhia for his opening remarks. Thank you, and over to you, sir. Vishal S. Budhia: Thank you, Amit ji. Good morning, everyone, and thank you for joining us. It is my pleasure to welcome all our investors, analysts, and stakeholders to Steamhouse India Limited's maiden investor call. I am Vishal S. Budhia, Promoter, Chairman, and Managing Director of Steamhouse India Limited. On behalf of the entire management, I would like to thank you for your continued trust and support, particularly as we begin our journey as a listed company. Before discussing our financial performance for the quarter, I would like to briefly introduce our business, our operating model, and the long-term opportunity we see ahead. Steamhouse pioneered the community boiler system in India. We sell steam and nitrogen to industries like chemical, pharmaceuticals, textiles, plywood, food processing, tyre industries, etcetera. These industries need steam for their heating and processing requirements, and have their own boilers for generating steam for their requirement. These industries have had to invest in their Page 2 of 23 Steamhouse India Limited October 06, 2026 own captive boilers, along with the associated land, fuel handling system, water treatment facilities, pollution control equipment, manpower, and maintenance, and all of these were mostly inefficient. By outsourcing their steam requirements to Steamhouse, these industries can now focus on their core manufacturing activities, operations, while we provide a reliable, efficient, and scalable steam solution. We believe our steam-as-a-service model represents a structural shift from traditional captive boiler ownership to outsourced steam solutions. By aggregating demand through centralized facilities, we provide customers with greater efficiency, reliability, and cost optimization, while creating a scalable business model for Steamhouse. Today, our business operates through three verticals: • Generation and distribution of steam, • Purchase and distribution of steam, • Generation Separation and distribution of Nitrogen. Our business model creates value through scale. By serving multiple customers from a centralized facility, we operate larger and more efficient boilers, optimize fuel consumption, improve capital and capacity utilization, and spread infrastructure cost across a wider customer base. As highlighted in our investor presentation, community boilers can achieve thermal efficiency of 80% to 83% compared with around 50 to 65% for the conventional captive boilers. Our USP is our knowledge of steam distribution for kilometers. We have established more than 60 kilometers of steam pipeline infrastructure across industrial clusters in Gujarat, enabling us to deliver steam directly to the customers with minimal pressure loss, while monitoring consumption in real-time. Our customer relationships are longstanding and sticky. Approximately 90.7% of our FY26 revenue came from repeat customers, and we currently serve 21 customers with multiple operating units connected to our network. Most of our customers are covered by steam supply agreements comprising fixed and variable components, with the variable component linked to the coal price. This contractual structure enables us to pass through changes in fuel cost. In addition, newer contracts increasingly incorporate minimum guaranteed off-take commitments, providing better revenue visibility and facilitating the capacity planning. When evaluating new projects, we focus on customer tie-ups, contracted demand, and achievable utilization levels. As utilization improves, incremental steam volumes contribute meaningfully to the profitability because a significant portion of our infrastructure and operating costs are already in place. This creates operating leverage and supports margin expansion as the business scales. Page 3 of 23 Steamhouse India Limited October 06, 2026 Looking ahead, expansion remains one of our key priorities.We currently have four projects under execution at Jhagadia, Vapi, Nandesari, and AMC (Ahmedabad Municipal Corporation) Pirana, along with three projects planned through IPO proceeds at Ankleshwar, Panoli, and Dahej. Beyond Gujarat, we are also expanding our footprint with a planned project at Tarapur. These initiatives expected to [Showing first 8,000 characters — download PDF for full document]