Analysts/Institutional Investor Meet/Con. Call Updates

Ref: OEL/BSE-NSE/2026-27/60 October 22, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers Plot No. C/1, G Block Fort, Dalal Street Bandra Kurla Complex Mumbai – 400001 Bandra (E), Mumbai 400051 Symbol: ORIENTELEC Scrip Code: 541301 Dear Sir/ Madam, Sub.: Transcript of Earnings Call for the 2nd quarter ended September 30, 2026. In continuation to our earlier letter dated October 12, 2026, filed in terms of the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding participation of the management of the Company in an Earnings Call, to discuss the Un- audited Financial Results of the Company for the 2nd quarter and half year ended September 30, 2026, scheduled on Thursday, October 15, 2026 at 04:00 PM (IST).In this regard, the transcript of the Earnings Call is attached herewith. Further, the said transcript is also available on the website of the Company at https://orientelectric.com/pages/earning-calls . You are requested to take the above information on record. Thanking you, For Orient Electric Limited Diksha Singh Company Secretary Encl: As above Orient Electric Limited - a CKA Birla Group Company CIN No.: L31100OR2016PLC025892 240, Okhla Industrial Estate, Phase III, New Delhi 110020, India Tel: +91 011-41325060 Regd. Office: Unit VIII, Plot No.7, Bhoinagar, Bhubaneswar, Odisha 751012 investor@orientelectric.com www.orientelectric.com “Orient Electric Limited Q2 FY27 Earnings Conference Call” October 15, 2026 MANAGEMENT: MR. RAVINDRA SINGH NEGI – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – ORIENT ELECTRIC LIMITED MR. ARVIND VATS – CHIEF FINANCIAL OFFICER – ORIENT ELECTRIC LIMITED MR. SAMBHAV JAIN – HEAD, INVESTOR RELATIONS – ORIENT ELECTRIC LIMITED MODERATOR: MR. TANAY SHAH – DAM CAPITAL ADVISORS Page 1 of 15 Orient Electric Limited October 15, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Orient Electric Limited Q2 FY27 Earnings Conference Call, hosted by DAM Capital Advisors. 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 touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Tanay Shah from DAM Capital Advisors. Thank you, and over to you, Tanay. Tanay Shah: Thank you, Danish. Good afternoon, and welcome to the Orient Electric Q2 FY27 Earnings Call. Today, we have with us Mr. Ravindra Singh Negi, Managing Director and CEO; Mr. Arvind Vats, CFO; and Mr. Sambhav Jain, Head Investor Relations. Now, without any further delay, I will hand over the call to the management for opening remarks, post which we will begin the Q&A session. Thank you, and over to you, sir. Ravindra Singh Negi: Thank you, Tanay. Good evening, ladies and gentlemen. Welcome to Orient Electric's conference call to discuss the results for the quarter ended 30th September 2026. Thank you for joining us today. I trust you had an opportunity to review our financial results and earnings presentation. Let me begin by briefly touching upon the broader operating environment before taking you through our performance for the quarter and the key developments across our businesses. During the quarter, we continue to face persistent commodity inflation, particularly in copper and aluminum. Crude-linked movements added further pressure on raw material costs and, in turn, on our gross margins. At the same time, global and geopolitical uncertainties continue to affect supply chain visibility and business planning. To mitigate these pressures, we've taken price increases of 3% to 6% across various categories in quarter two, and another increase of approximately 3% in October in some of the categories, and complemented them with improved product mix and productivity initiatives. While input cost inflation has yet not been fully offset, we remain disciplined in our approach, balancing pricing with market competitiveness and sourcing efficiency. Against this backdrop, Orient Electric delivered broad-based growth, with revenues increasing 25.2% year-on-year during the quarter. Our, One Orient and three-fold strategy continue to anchor our growth agenda as we build lighting, wires, switches, and Switchgears alongside our established core fans and appliances businesses. Premiumization and innovation, along with portfolio diversification, remain our key priorities, enabling us to leverage our existing ecosystem more effectively while keeping consumer needs and disciplined execution at the center of our strategy. Let me start with our lighting and Switchgear business, which delivered a strong performance during the quarter, with revenues growing 25.7% year-on-year to INR329 crores. Within lighting, consumer lighting delivered double-digit growth, supported by continued traction in premium products. High-value looms remained consistent at 66% of the loom mix, reflecting Page 2 of 15 Orient Electric Limited October 15, 2026 our continued focus on premiumization and a richer product portfolio. Professional lighting also delivered high-single-digit growth, supported by a strong inquiry pipeline and our continued focus on new product development. We also are encouraged by the momentum across our other categories. Wires more than doubled year-on-year, while switchgear and switches delivered high-double-digit growth. Our electrician engagement programs, along with distribution synergies across categories, are helping us deepen channel reach and capitalize cross-selling opportunities. We continue to focus on quality, dependable service, and a relevant product portfolio to further strengthen retailer confidence. Moving now to our core strength of electrical consumer durables business. ECD revenue stood at INR550 crores, representing a year-on-year growth of 24.9%. Fans delivered a high-double-digit growth, outperforming the industry and resulting in market share gains. The performance was broad-based, with both our direct-to-market-led and master distributor- led markets delivering double-digit growth. Within fans, BLDC continued to see strong traction, growing approximately 26% year-on-year, supported by both premium and innovation-led launches. Premium products accounted for approximately 40% of the fan mix. Our focus on innovation and premiumization continues to yield encouraging results, with new products contributing more than 30% of the fans revenue during the quarter. Energy-efficient products, differentiated design, and consumer-relevant innovation remain central to our product strategy. Appliances also delivered double-digit growth, led by water heaters and garment care segments. As we move into the festive season and the second half of the year, our focus remains on ensuring the right product assortment and availability across channels, while maintaining a measured approach to the broader demand environment. On the distribution front, we continue to scale our direct-to-market model with further expansion across Madhya Pradesh, Chhattisgarh, and Jharkhand, strengthening our go-to-market execution. We also took over the service for Punjab and Nagpur region. Our digital channels also maintained healthy momentum, with e-commerce growing by high- double-digit, strengthening our presence across marketplaces. Quick commerce now contributed approximately 15% of our digital revenue and grew by almost 100% year-on-year, reflecting the evolving consumer-buying landscape. On the brand front, we continue to strengthen visibility across airports, outdoor, and digital media, with a focus on engaging premium audiences and reinforcing our technology-led positioning. We're also strengthening the consumer experience even deeper through Project Samvad, our customer service enhancement initiative, [Showing first 8,000 characters — download PDF for full document]