Analysts/Institutional Investor Meet/Con. Call Updates

GANESH BENZOPLAST LIMITED CIN: L24200MH1986PLC039836 Regd. Office: Dina Building, 1st Floor, 53, Maharshi Karve Road, Marine Lines, Mumbai - 400 002 Tel: 022- 6140 6000/22001928 Email: compliance@gblinfra.com Website: www.ganeshbenzoplast.com October 13, 2026 The General Manager, The Manager, Department of Corporate Services – Listing Department Corporate Relations Department, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, 5th Floor, Pheeroze Jeejeebhoy Towers, Plot No. C/1, G-Block, Bandra Kurla Dalal Street, Fort, Complex, Mumbai – 400 001. Bandra (E), Mumbai – 400051 Scrip ID: 500153 Scrip ID: GANESHBE Dear Sir/Madam Sub: Transcript of Investor call held on Wednesday, October 07, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of Investor Call held on Wednesday, October 07, 2026 at 3:30 PM (IST) with the Investors and Analysts. This transcript of the Call is also posted on the website of the Company at www.ganeshbenzoplast.com Kindly take the same on your record. Thanking You, For Ganesh Benzoplast Limited Ekta Dhanda Company Secretary & Compliance Officer Encl: As above Corp Office: 501/ 502, 'C' Wing, Lotus Corporate Park, Off. Western Express Highway, Laxmi Nagar, Goregaon (East), Mumbai - 400063. “Ganesh Benzoplast Limited Investor Call” October 07, 2026 MANAGEMENT: MR. RISHI PILANI – CHAIRMAN AND MANAGING DIRECTOR – GANESH BENZOPLAST LIMITED MR. AMAR KABRA – GENERAL MANAGER, FINANCE AND TAXATION – GANESH BENZOPLAST LIMITED MODERATOR: MR. KARAN TALWAR – DAM CAPITAL Page 1 of 22 Ganesh Benzoplast Limited October 07, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Ganesh Benzoplast Investor Call to discuss recent corporate developments. 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 touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Karan Talwar from DAM Capital. Thank you, and over to you, Karan. Karan Talwar: Yes, thanks, Danesh. Good afternoon, everyone. On behalf of DAM Capital Advisors, I'd like to thank the management of Ganesh Benzoplast for the opportunity, and welcome you all to the call. From the management, we have with us Mr. Rishi Pilani, Chairman and Managing Director. We will begin the call with the opening remarks from the management, post which we will open the floor for Q&A. Thank you, and over to you, sir. Rishi Pilani: Thank you so much, Karan. Good afternoon, everybody, and welcome again to the investor call for the recent corporate developments. This is Rishi Pilani here. I want to start off by congratulating all the shareholders for this development in the company which has led to what we believe is an unlocking of the valuation, of the hard work and the support of each and every one of you over the past so many years. To begin with, I would like to just run through a few numbers so that there is clarity on the deal and what exactly is the management planning to do. Number one, as everybody must be already knowing, that this deal results in the divestment of the liquid tank farm business at JNPA, Goa, and Cochin, along with the JNPA-linked rail business connecting Daund. With this, the company will get INR1,154 crores as a compensation, or a valuation, for the businesses -- for these three businesses. And apart from this, there is a consideration that the company shall receive based on the exit valuation of the investors. The breakup of the INR1,154 crores is expected as follows. We expect that before January of 2027, we should receive approximately INR500 crores. Before March of 2027, we should receive approximately INR300 crores, which makes it approximately INR800 crores. And the balance, INR354 crores, will be received in various tranches over the next 12 to 18 months. Out of the IINR500 crores that the company will get in and about January of 2027, we will be paying taxes. And whatever the limits we have currently with the banks will be closed. That allocation will be approximately INR190 crores to INR200 crores. Apart from this, the company will do a share buyback and a special dividend, the combined allocation towards which, as of now planned, is approximately INR200 crores. So, out of the INR500 crores, almost 80% will be utilized in this manner. The balance INR100 crores will be used to expand its existing chemical business and to increase the EPC book. The same logic will be used for all the further installments, that whenever we get those installments, while we have a fully laid-out plan on how to increase the company's profitability and utilization of funds, which I'll be detailing now, so all the further installments that we receive Page 2 of 22 Ganesh Benzoplast Limited October 07, 2026 out of this money will be used for either the company expansion or giving back to shareholders as we feel, and the Board feels, is deemed fit. Now, coming to the future plans of the company to utilize these funds. So, as you know that the chemical business of the company has been on a massive uptick. We have increased the profitability by almost 1,000% over the last 2 years. And currently, what we are planning to do is expand the existing plants to increase our production capabilities. We have -- you will be pleased to know, we have recently achieved the REACH certification for our key products, which is benzoic acid, sodium benzoate in United Kingdom and Europe, both. This is a significant milestone because as you know, this certifies that the company is very, very well running in terms of its production systems, quality controls. And this is demonstrated by the fact that we are already received orders of over 600 tons for export to these regions, and this is expected to grow to almost 2,000 tons per year. In addition, we are looking at tie-ups. We are already in advanced discussion with various technology and license providers to develop certain niche agro and other product derivatives for which we will be setting up our manufacturing capabilities, where the potential is to go from current -- to double the current turnover of the chemical plants and also double the current profitability of the plant. So over the next 4 to 5 years, this is the plan to take the current profitability of the chemical division, which is this year was INR18 crores to approximately INR60 crores to INR70 crores, so increase it by 5x. Now, coming to EPC, as you are already aware that this is a great endorsement for your company that a fund of the pedigree of KKR has awarded EPC of almost INR300 crores to your company, which again demonstrates that the technical capability, the project execution capabilities of your company are no longer in doubt. Apart from this, we have already established ourselves as a massive EPC provider in terms of doing projects for companies like Adanis, Reliance, Jindals, Gujarat Alkalies and Chemicals. I'll just highlight a few of the projects. For GACL, which is Gujarat Alkalies and Chemicals, and NALCO JV, we have laid a 22 kilometers stainless steel pipeline in Dahej. For ANA Oleo, which is a part of AAA, one of the biggest solvent extractors of the world, we've set up their entire plant, tank farm, which consisted of almost 62 tanks. For Allana, which is also a very big agro group, we made their entire terminal, including docklines, their firefighting systems, and the first time, we built 30-meter high tanks for them. If you know, Mumbai has a new airport. Again, the shareholders will be very happy to know that the fuel tanks for that airport has been constructed by your company. We are doing very specialized tank products for Adanis in their Mundra Petrochemicals Limited site, where we have buil [Showing first 8,000 characters — download PDF for full document]