Analysts/Institutional Investor Meet/Con. Call Updates

Date: October 13, 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: Transcript of Earnings Call with respect to Financial Results 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, kindly find enclosed the transcript of the Earnings Call with respect to the financial results of the Company for the Quarter ended June 30, 2026 held on October 7, 2026. The abovesaid details will also be posted on the Company’s website at https://www.glasswallsystems.in/. 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 Encl.: a/a 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 Glass Wall Systems (India) Limited Q1 FY27 Earnings Conference Call October 07, 2026 Disclaimer: E&OE - This transcript is edited for factual errors. In case of discrepancy, th e audio recording uploaded on the stock exchange on 07th October 2026 will prevail. MANAGEMENT: MR. JAWAHAR HEMRAJANI – CHAIRMAN AND WHOLE-TIME DIRECTOR MR. ESHAN HEMRAJANI – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. SANJAY SAWANT – CHIEF FINANCIAL OFFICER Page 1 of 18 Glass Wall Systems India Limited October 07, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q1 FY27 Glass Wall Systems (India) Limited Conference Call hosted by IIFL Capital. This conference call may contain forward- looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involves risk and uncertainties that are difficult to predict. 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 "*" then "0" on your touchtone phone. Please note that this conference has been recorded. I now hand the conference over to Mr. Mohit Agarwal from IIFL Capital. Thank you and over to you, sir. Mohit Agarwal: Thanks. Good afternoon, everyone. Welcome to Glass Wall Systems (India) Limited first- quarter FY27 Earnings Conference Call. From the management side, today we have with us Mr. Jawahar Hemrajani, Chairman and Whole-Time Director; Mr. Eshan Hemrajani, Managing Director and CEO; and Mr. Sanjay Sawant, the CFO of the company. I will now hand over the call to Mr. Eshan Hemrajani for his opening remarks. Thank you and over to you, sir. Eshan Hemrajani: Yes. Hi. Thank you, and good afternoon, and a very warm welcome to everyone present on the call. Thank you so much, Mohit, for introducing myself and my father, who are both on the call today. We also have Mr. Sanjay Sawant, who is the Chief Financial Officer at the company, and SGA, Strategic Growth Advisors, they are our investor relation advisors, they are also on call. I think to begin with, I would like to thank and congratulate all our stakeholders, investment bankers, and business partners for helping us achieve this milestone of getting listed on the Indian stock exchange. Since, obviously, this is our first earnings call, I would like to take you through Glass Wall Systems journey, business overview, industry opportunity, and growth strategy, followed by which we can talk about the financial findings of the first quarter, and post that, we can jump into the Q&A. We have also uploaded the investor presentation deck on the stock exchange, and I'm sure everyone has had a chance to go through that, right? So let me start by introducing the company briefly. Glass Wall Systems has been operating -- we are facade solution providers, and we have been operating in this industry for more than two decades. Our business has started in 2002 and was founded by Mr. Jawahar Hemrajani, who is the Chairman of the company. So it's been almost now 24 years for us in doing this business. Let's start by introducing what we do exactly. We are, as I said, facade solution providers. So facade is everything on the exterior of the building that you see today. Page 2 of 18 Glass Wall Systems India Limited October 07, 2026 Our major product is obviously aluminum frames with glass that you see on a lot of commercial buildings, but our expertise is expanded into everything on the external building envelope. So we have capabilities to design, manufacture, and install not only aluminum and glass, but also railings, louvers, ACP cladding, stone cladding, any sorts of rain screen cladding, windows and doors. So expertise of our company is to provide turnkey solutions for everything on the external building envelope. Obviously, this is a premium segment. We define the skylines of the city. So we are an important trade to the developers. It is only after we finish that the developer can start his handover procedures and also get his fire NOC and occupation certificate. So in that sense, we are a very important trade. We define the aesthetic of the building. We also need to make sure that the functional requirements of the building are met by the product that we put onto the building. So because it is the external face of the building, it is subjected to all natural elements. So when we design facades, we take care of the fact that the facade is going to be subject to air, water, acoustic performance, thermal performance, building movements, seismic or earthquake movements. So all of these natural elements, the facade has to cater and fight and accommodate the worst natural elements. So we are heavy on engineering, we are heavy on manufacturing. This industry is very niche, in the sense that every project is different and we engineer for every project from the ground up. We are operating in three business verticals today. The first business vertical is the domestic facade solution. On the domestic facades, we are working with the Grade A developers in the country today, where our nature is turnkey jobs. So that means, as I told you, we do everything from the beginning. We do the engineering, we do the manufacturing, and we also do the installing. So we work with closely with the developer. All our contracts are through the developer and our focus predominantly on the domestic side is to do non-residential real estate. So all of our order book today on the domestic side is commercial real estate, where more often than not, it is already a leased-out property and the developer is building to cater to a particular demand of lease, and we are executing the job. So that is our first business vertical, which is domestic facades. We are a pan-India company, so we have presence around the country. But our major markets are Mumbai, Pune, Ahmedabad, Bangalore, Hyderabad, Gurgaon, Noida. So all Tier 1 cities is where we is our focused markets. The second business vertical that we are in is the international facade business. Here, our job scope is that of doing the engineering, doing the manufacturing, and then only supplying the goods as a ready-to-install product around the world, right? So our clients in the international business is are people like ourselves, facade contractors in US, in Australia, and elsewhe [Showing first 8,000 characters — download PDF for full document]