Analysts/Institutional Investor Meet/Con. Call Updates

HEG/SECTT/2026 July 23, 2026 1 BSE Limited 2 National Stock Exchange of India Limited P J Towers Exchange Plaza, 5th Floor Dalal Street Plot No.C/1, G Block, Bandra - Kurla Complex MUMBAI - 400 001. Bandra (E), MUMBAI - 400 051. Scrip Code : 509631 Scrip Code : HEG Sub: Investors presentation on the Un-audited Financial Results of the Company for the quarter ended June 30, 2026. Dear Sirs, Please find enclosed a copy of Investors Presentation on the Un-audited Financial Results of the Company for the quarter ended June 30, 2026 for your information and record please. The copy of same is also being uploaded on the website of the Company. Thanking you, Yours faithfully, For HEG Limited Vivek Chaudhary Company Secretary A-13263 heg.investor@lnjbhilwara.com Encl: As above HEG LIMITED Investor Presentation Performance Highlights Q1 of FY 26-27 Graphite Electrode (GE) 1. A consumable for Electric Arc Furnaces (EAF) used in steel production 2. Functions as an electrical conductor in EAFs, generating the heat required to melt steel scrap 3. High-tech / High Entry Barrier – HEG was the last new entrant in the Western world in 1976 4. EAF-produced steel emits one-fourth of the carbon compared to steel from traditional blast furnaces 5. According to the World Steel Association, EAF steel production (w/o China) rose from 44% to 50% between 2015 and 2023 and 51% in 2024, while China’s EAF production remains around 11% HEGLtd ©LNJBhilwaraGroup HEG Limited – Unique Strengths 1. Largest graphite electrode plant in the Western world, with an annual capacity of 100,000 tonnes, backed by over 50 years of manufacturing expertise, captive power generation, long-standing customer relationships and strategic partnerships with leading global raw material suppliers. 2. Among the top three graphite electrode producers globally (ex - China), operating one of the industry's most modern manufacturing facilities, delivering world-class product quality. 3. Except ours, no additional capacity announced by any other company in the western world. 4. Exporting approx. 65 - 70% of its production to about 35 countries around the world consistently since more than 20 years 5. Diversified customer base - supplying large portion of production to top 20 steel companies of the world 6. Captive power generation capacity of around 80 mw (Two thermal power & One hydro power plant) 7. Expanding capacity by 15,000 tonnes to 115,000 tonnes, reinforcing HEG's leadership and readiness for future demand growth. HEGLtd ©LNJBhilwaraGroup GE Capacity Build up Capacity Fig. in 000’MT 120 115 1990 2002 2006 2009 2012 2024 2028 HEGLtd ©LNJBhilwaraGroup Expanded plant at 100,000 tons – operational since Nov’23 HEGLtd ©LNJBhilwaraGroup TOP 10 Crude Steel - Producing Countries Crude Steel Production (mmt) Y-o-Y Q-o-Q Jan - Jun '25 Jan - Jun '26 Jan - Mar '26 Apr - Jun '26 Sr. No Country Y-o-Y (%) Q-o-Q (%) (H1) (H1) (Q1) (Q2) 1 China 515.5 500.0 -3.0% 247.4 252.6 2.1% 2 India 81.2 87.0 7.1% 44.7 42.3 -5.4% 3 United States 40.3 42.8 6.3% 21.0 21.8 3.8% 4 Japan 40.6 40.4 -0.4% 20.1 20.3 1.0% 5 South Korea 31.0 31.7 2.1% 15.8 15.9 0.6% 6 Turkey 18.3 19.8 8.1% 9.7 10.1 4.1% 7 Germany 17.1 18.6 8.9% 9.3 9.3 0.0% 8 Brazil 16.5 16.3 -1.5% 8.1 8.2 1.2% 9 Vietnam 12.0 15.2 26.9% 7.4 7.8 5.4% 10 Italy 11.1 11.5 3.5% 5.6 5.9 5.4% Total World 937.8 930.6 -0.7% 462.2 468.3 1.3% World ex China 422.3 430.6 2.1% 211.6 219.9 3.9% Source: World Steel Association. Estimates are subject to revision in the next update. The table above represents 71 countries, HEGLtd ©LNJBhilwaraGroup Global Steel Demand Forecast 2025-2027 I Highlights WSA Short Range Outlook: Apr’26 HEGLtd ©LNJBhilwaraGroup Industry Outlook • Global steel market : Global crude steel production declined 0.7% YoY to 930.6 Mt (Jan-Jun 2026), with the pace of contraction moderating. • Ex-China steel markets remain resilient: Crude steel production increased 2.1% YoY to 430.6 Mt, supported by broad- based growth across major steel-producing countries. • India continues to lead growth: Crude steel production increased 7.1% YoY to 87 Mt, driven by strong infrastructure, construction and manufacturing activity. • Global steel demand set to recover: The World Steel Association forecasts steel demand to grow 0.3% in 2026 and 2.2% in 2027, with growth led by markets outside China. • Trade policy and geopolitical risks persist: Tariffs, anti-dumping measures and Middle East tensions continue to increase freight, energy and raw material costs across the industry. • Managing cost inflation: HEG continues to manage higher input costs through operational efficiencies and disciplined, measured pricing actions • Green steel transition accelerating: Decarbonisation policies, including the EU's CBAM, continue to support the shift towards electric arc furnace (EAF) steelmaking. • Robust EAF expansion : As per OECD outlook around 71 million tonnes of new EAF steelmaking capacity is planned globally between 2026 and 2028, supporting long-term demand for graphite electrodes. • HEG well positioned for long-term growth: Industry-leading scale, high utilization, competitive cost position and the ongoing 15,000-tonne brownfield expansion taking our capacity from 100,000 MT to 115,000 MT position HEG to benefit from the structural growth in EAF steelmaking. HEGLtd ©LNJBhilwaraGroup Financial Results for the Quarter ended 30th June 2026 – Standalone (Rs. cr) Quarter Ended Year Ended Sl. No. Particulars 30-06-2026 31-03-2026 30-06-2025 31-03-2026 Unaudited Audited Unaudited Audited I Revenue from operations 6 80.91 603.21 6 12.78 2,568.50 II Other income 5 0.03 16.73 47.68 91.96 III Total Income (I+II) 7 30.94 619.94 6 60.46 2,660.46 IV Expenses Cost of materials consumed 2 65.17 260.51 2 37.29 975.52 Changes in inventories of finished goods and work-in- ( 14.11) ( 4.61) 17.30 87.91 progress Employee benefit expenses 3 2.54 35.37 27.58 123.53 Finance costs 9 .97 10.72 8.18 37.21 Depreciation and amortisation expense 4 9.56 52.59 53.02 213.20 Power and fuel 1 00.02 9 3.08 97.42 369.49 Other expenses 1 36.00 361.29 1 27.25 607.20 Total expenses (IV) 5 79.15 808.95 5 68.04 2,414.06 V Profit/(loss) before exceptional items and tax (III-IV) 1 51.79 (189.01) 9 2.42 246.40 VI Exceptional items - - - - VII Profit/(loss) before tax (V-VI) 1 51.79 (189.01) 9 2.42 246.40 HEGLtd ©LNJBhilwaraGroup Financial Results for the Quarter ended 30th June 2026 – Standalone (Rs. cr) Quarter Ended Year Ended Sl. No. Particulars 30-06-2026 31-03-2026 30-06-2025 31-03-2026 Unaudited Audited Unaudited Audited VII Profit/(loss) before tax (V-VI) 1 51.79 (189.01) 9 2.42 246.40 VIII Tax expense (1) Current tax (net of adjustment of earlier year tax) 4 1.33 7 .78 16.28 76.44 (2) Deferred tax 0 .96 (33.60) 4.34 (10.76) IX Profit/(loss) for the period / year (VII-VIII) 1 09.50 (163.19) 7 1.80 180.72 X Other comprehensive income A (i) Items that will not be classified to profit or loss - Remeasurement of employee defined benefit plan - (1.98) - (3.13) (ii) Tax expense relating to items that will not be - 0.50 - 0.79 reclassified to profit or loss B (i) Items that will be reclassified to profit or loss - - - - (ii) Tax relating to items that will be reclassified - - - - to profit or loss XI Total comprehensive income for the period /year (IX+X) 1 09.50 (164.67) 7 1.80 178.38 Paid -Up Equity Share Capital XII 3 8.60 38.60 38.60 38.60 ( Face Value ₹ 2/- per share) XIII Other equity (excluding revaluation reserves) 4 ,264.57 XIV Earnings per share (₹) (not annualised for the quarter) - Basic (₹) 5 .67 (8.46) 3.72 9 .36 - Diluted (₹) 5 .67 (8.46) 3.72 9 .36 10 HEGLtd ©LNJBhilwaraGroup Financial Results for the Quarter ended 30th June 2026–Consolidated (Rs. cr) Quarter Ended Year Ended Sl. No. Particulars 30-06-2026 31-03-2026 30-06-2025 31-03-2026 Unaudited Audited Unaudited Audited Continuing Operation I Revenue from operations 680.79 603.21 612.78 2,568.50 II Other income 43.56 39.89 60.49 140.98 III Total Income (I+ [Showing first 8,000 characters — download PDF for full document]