Please find enclosed transcript of the Earnings Call held on October 13, 2026.

October 19, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1, Block G Dalal Street Bandra – Kurla Complex Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500408 NSE Symbol: TATAELXSI Dear Sirs/Madam, Sub: Transcripts of the Investors’ Conference Call for the quarter and half-year ended September 30, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed the transcript of the Investors’ Conference Call held on October 13, 2026, on the Audited Financial Results of the Company for the quarter and half-year ended September 30, 2026. The transcript of the earnings conference call is also available on the Company’s website at www.tataelxsi.com. This is for your information and records. Thanking you, Yours faithfully, For Tata Elxsi Limited Sneha V Company Secretary & Compliance Officer Encl: As above “Tata Elxsi Limited Q2 FY '26-'27 Earnings Conference Call” October 13, 2026 MANAGEMENT: MR. MANOJ RAGHAVAN – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – TATA ELXSI LIMITED MR. NITIN PAI – CHIEF MARKETING AND CHIEF STRATEGY OFFICER – TATA ELXSI LIMITED MR. NALIN RANA – CHIEF FINANCIAL OFFICER – TATA ELXSI LIMITED MS. SNEHA V. – COMPANY SECRETARY – TATA ELXSI LIMITED MODERATOR: MR. SHASHANK GANESH – EY Tata Elxsi Limited October 13, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q2 FY '26-'27 Earnings Conference Call of Tata Elxsi Limited. As a reminder, all participant lines will be in the listen-only mode. 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 and then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Shashank Ganesh from E&Y. Thank you and over to you, sir. Shashank Ganesh: Thank you very much, Sagar. Good evening to all the participants on the call. Good morning if you're logging in from the Western side. Before we proceed to the call, let me remind you that this discussion may contain forward-looking statements that may involve known or unknown risks, uncertainties and other factors. Therefore, it must be viewed in conjunction with the business risk that could cause significant result, performance or achievements that differ from what is expressed or implied by such statements. To take us through the results and answer your questions today, we have the senior management of Tata Elxsi represented by Mr. Manoj Raghavan, Managing Director and CEO; Mr. Nitin Pai, Chief Marketing and Chief Strategy Officer; Mr. Nalin Rana, Chief Financial Officer; and Ms. Sneha V., Company Secretary. We will start the call with a brief overview of the past quarter by Mr. Raghavan, followed by a Q&A session. We would appreciate your cooperation in restricting yourself to two questions to allow participants an opportunity to interact. If you have any further questions, you may join the queue and we will be happy to respond to them if time permits. With that, I would like to hand over the call to Mr. Manoj Raghavan. Over to you, Manoj. Manoj Raghavan: Thank you, Shashank. Good evening, everybody, and thank you for joining us today. I hope you and your families and your teams are doing well. We appreciate your continued interest in Tata Elxsi. And I'm pleased to connect with you to discuss the performance for the second quarter of FY27. During the quarter, we remain focused on deepening customer relationships, strengthening execution, advancing our strategic initiatives and investing in capabilities that position us for long-term growth. I'll now take you through the key highlights of the quarter. In the second quarter of financial year '27, we reported an operating revenue of INR 1055.7 crores, growing 2.3% in constant currency. We reported an EBITDA of INR 231.4 crores, growing 7.1% quarter-on-quarter and 19.7% year-on-year. Our EBITDA margin for the quarter was 21.9%, a 70 basis point improvement over the previous quarter. The transportation vertical reported a quarter-on-quarter growth of 2% in constant currency terms, aided by new deal wins. A notable win is a strategic multi-year deal from a leading Page 2 of 16 Tata Elxsi Limited October 13, 2026 automotive OEM for a next generation, cloud-based telematics and connected vehicle ecosystem. In the aerospace segment, we continued to see business traction, albeit on a small base. I'm pleased to share with you the strategic collaboration with Sarla Aviation to support the development of Shunya, a pioneering step towards India's first indigenous electric vertical takeoff and landing, eVTOL, aircraft. We also won a strategic engagement from a global aerospace supplier for development of a test rig and validation of commercial aircraft systems. Our media and communication vertical registered a quarter-on-quarter growth of 3.4% in constant currency. This growth was driven by sustained ramp-ups across key engagements and AI-led deal wins. During the quarter, Tata Elxsi secured a strategic AI engagement with a global technology leader to develop a GenAI-powered virtual assistant focused on multilingual intelligence and delivering digital experiences at global scale, further strengthening our position in the rapidly evolving GenAI ecospace. Our healthcare and life sciences vertical too recorded a healthy growth of 3.5% quarter-on- quarter in constant currency terms. One of the notable deals in the quarter was a win from a global renal care leader to develop its next-generation home dialysis systems, spanning end-to- end product engineering from user experience and mechanical design to embedded systems and regulatory compliance. During the quarter, Tata Elxsi implemented a wage increase across its workforce as a part of its continued commitment to retaining, rewarding and nurturing top talent, recognizing that its people remain the foundation of company's long-term growth and innovation. Our continued focus on delivery excellence enabled us to expand EBITDA margin by 70 basis points sequentially despite the impact of the annual wage revision. Overall, during the quarter, we delivered strong operational execution and resilient growth across customers and in all industry verticals. In terms of regions, US and India did very well for us, while Europe was soft with the predominance of automotive revenues from that region. While the global business environment continues to evolve, we see sustained opportunities emerging from our clients' priorities around innovation, digital engineering, AI adoption and product modernization. Having said that, Q3 is typically a short quarter with fewer working days. While we await customer-specific direction on possible furloughs, we remain focused on sustaining growth in the second half while continuing to invest in our differentiated AI-first offerings and driving operational excellence. With that, let me conclude my remark. Thank you for your continued support and confidence in Tata Elxsi. We'll now be happy to take your questions. Page 3 of 16 Tata Elxsi Limited October 13, 2026 Moderator: Thank you very much. We will now begin with the question-and-answer session. Your first question comes from the line of Bhavik Mehta with JP Morgan. Please go ahead. Bhavik Mehta: Hi, thank you. A couple of questions. Firstly, good to see broad-based growth this time. Just wanted to understand how sustainable is this growth momentum over the next couple of quarters, right? What I'm trying to understand is was it helped by certain large deal ramp-ups which won't repeat going forward, or is this momentum more broad-based and hence the possibility of momentum continuing is higher this time around? And the second question was on the margins. Again, good to see margin expansion despite wage hikes. How are you thinking about margins [Showing first 8,000 characters — download PDF for full document]