Press Release

October 22, 2026 The Compliance Manager The Manager, Listing Department BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Dept. Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400001. Bandra (East), Mumbai 400 051. Scrip Code: 500655 Trading Symbol: GRWRHITECH Dear Sir/ Madam, Sub: Press Release on the Unaudited Financial Results for the quarter and half year ended September 30, 2026 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the Press Release on the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026. This is for your information and records. For Garware Hi-Tech Films Limited Awaneesh Srivastava Company Secretary FCS 8513 Encl: as stated above GARWARE HI-TECH FILMS LIMITED CORPORATE OFFICE : GARWARE HOUSE, 50-A, SWAMI NITYANAND MARG VILE PARLE (EAST), MUMBAI – 400 057. TEL: 0091-22-6698 8000 (15 LINES) WEBSITE: www.garwarehitechfilms.com CIN: L10889MH1957PLC010889 REGD. OFFICE: NAIGAON, P.O. WALUJ, CHHATRAPATI SAMBHAJINAGAR – 431 133 (INDIA) Media Release GHFL Delivers Record Q2 FY27: Revenue Hits All-Time High close to INR 700 Cr Backed by a robust 28.7% H1 margin, GHFL raises its FY27 EBITDA guidance by 200 bps (to 27% ±2%) while reaffirming its INR 2,500+ Cr Revenue target. Mumbai, October 22, 2026: Garware Hi-Tech Films Limited (GHFL), a global manufacturer of Solar Control Films, Paint Protection Films and other Specialty Films, announced its unaudited FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026. Consolidated Financial Summary INR crores (except EPS) Particulars Q2 FY27 Q2 FY26 Y-o-Y% Q1 FY27 Q-o-Q% H1 FY27 H1 FY26 Y-o-Y% Revenue from operations 696 570 22% 633 10% 1329 1065 25% EBITDA 189 133 42% 192 (1) % 381 256 49% EBITDA Margin % 27.2% 23.4% 377 bps 30.3% (311) bps 28.7% 24.1% 459 bps PBT 173 120 44% 176 (2) % 350 231 51% PBT Margin % 24.9% 21.1% 375 bps 27.9% (299) bps 26.3% 21.7% 464 bps Cash Profit 145 105 39% 148 (2) % 293 201 46% PAT 129 91 42% 133 (2) % 262 174 50% PAT Margin % 18.6% 16.0% 260 bps 21.0% (234) bps 19.7% 16.4% 336 bps EPS in (INR) 55.7 39.3 42% 57.1 (2) % 112.8 75.0 50% Financial Highlights Strong Operating Performance Drives Peak 27.2% Q2 EBITDA Margin, Despite Geopolitical Headwinds • Record-Breaking Revenue Performance: Revenue from operations reached a record ₹696 crore, registering 22% YoY and 10% QoQ growth, driven by robust demand and improved realizations across product segments, despite slowdown in the Middle East amid the ongoing conflict. • Strong Margin Expansion: EBITDA increased 42% YoY to INR 189 crore, with EBITDA margin expanding by 377 basis points to 27.2% from 23.4% in Q2 FY26. The improvement was driven by operating leverage and a favourable product mix, which helped offset higher raw material and logistics costs. • Robust Earnings Growth: PAT increased 42% YoY to INR 129 crore, with PAT margin expanding to 18.6% from 16.0% in Q2 FY26, reflecting improved operational performance and profitability. Media Release Strong Cash Generation and Optimised Working Capital • Strong Liquidity Position: Cash and cash equivalents stood at INR 933 crore as of September 30, 2026. • Strong WC Discipline: Working capital days stood at 29 days as of September 30, 2026, remaining broadly stable against 28 days in FY26 reflecting prudent inventory management and disciplined control over receivables and payables as revenue scales. Strategic & Operational Highlights Capacity Expansion & Strategic Partnerships • Capex-Led Growth Momentum: TPU line commissioning remains on track for Q3 FY27. The INR 191 crore SCF line, equipped with advanced robotics and automation, is expected to commence commercial production in H1 FY28, adding ~1,200 LSF of fungible capacity. • Strategic Collaboration with Lubrizol: Signed an MoU with Lubrizol to develop advanced TPU-based film solutions in India, combining Lubrizol’s technology expertise with GHFL’s manufacturing capabilities and strengthening the premium PPF growth opportunity. Product Innovation & New Growth Segments • PDLC - Entry into Smart Architecture: Launched state of the art facility for switchable privacy film, enabling instant switching between transparent and opaque states. • Consumer Product Launches: Introduced car-care products and Ultra Series WF kits with a 1-year warranty. • Digital Services: Launched the e-Warranty portal and Pine Labs No Cost EMI facility. D2C Expansion & Market Penetration • Global Expansion: Opened two new Global Application Studios (GAS) in the USA during Q2 FY27, taking the total global network to 14 studios, comprising 11 in the USA and 3 in the Middle East. • Domestic Expansion: Scaled to 14 Garware Home Solutions (GHS) studios, up from 9 in Q1 FY27 • GHS Growth Roadmap: Plans to add 12 studios in Q3 with launches in Delhi NCR and Mumbai, targeting 50 studios by Dec’27. Media Release Global Outreach & Distribution Growth • International Exhibitions: Participated in Automechanika Frankfurt, Tinter Battle, WFCT (USA) and LOUPE Chicago. • Distributor Network: Added 4 new global distributors. Architecture & Graphics Business Expansion • Industry Engagement: Participated in ESP Expo Mumbai, Media Expo Delhi, Technology Day at Reliance Corporate Park and Architect Meet Jammu. • Channel Expansion: Added 3 new channel partners. • Key Customer Wins: Secured new business opportunities with Leading malls and hospitality chains. Digital & Social Media Momentum • Engagement: Instagram community grew 25% YoY, Facebook grew 10%, and Global LinkedIn followers increased 400%. Website traffic increased as high as 1.1Lakh visitors per month. Annualised rate of digital footprints touched 18 crores. Commenting on the results, Dr S. B. Garware, Chairman and Managing Director, GHFL said: “We have delivered an exceptional performance despite significant headwinds, and we remain focused on sustainable growth and creating long-term value.” Ms. Monika Garware, Vice Chairperson and Joint Managing Director, GHFL added, “We have delivered a strong performance in Q2 and H1 FY27, achieving record quarterly revenue alongside significant growth in profitability. Our H1 EBITDA margin of 28.7%, well above our guidance range of 23%-27%, reflects the strength of our business model, a favourable product mix, continued operational efficiencies and an enhanced focus on niche products. During the quarter, we continued to strengthen our customer engagement, expand our distribution network and advance strategic initiatives across automotive, architectural and specialty films. With the TPU line expected to become operational in Q3 FY27 and further capacity additions underway, we are building the capabilities to address emerging market opportunities and support our next phase of growth.” Media Release About Garware Hi-Tech Films Limited (GHFL): GHFL (BSE: 500655 | NSE: GRWRHITECH), is one of the largest manufacturers of Sun Control window films for architectural & automotive applications, paint protection films and high-end BOPET films for label and industrial applications. The Company has been recognized as a world class brand and leverages its state-of-the-art nano-dispersion and other cutting-edge technologies to maintain its market leadership. Being vertically integrated, it tightly controls product quality and provides a great value proposition to its customers. It has a strong presence in 90+ countries. * * * For further information, please feel free to contact: Amar Yardi Garima Singla Email: amar.yardi@garwarehitech.com Email: garima@goindiaadvisors.com Mobile: +91 70451 21239 Mobile: +91-9780042377