Analysts/Institutional Investor Meet/Con. Call Updates

No. BIL/SE/2026-27 27th October, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai 400 051 Equity Scrip Code: 502355 Trading Symbol: BALKRISIND Scrip Code 977667 (Debt) (INE787D08047) 977668 (Debt) (INE787D08039) Scrip Code 977669 (Debt) (INE787D08054) 978121(Debt) (INE787D08062) Scrip Code 978123 (Debt) (INE787D08070) 978122 (Debt) (INE787D08088) Scrip Code 732679(Debt) (INE787D14235) Dear Sir/Madam, Subject: Transcript of Business update call conducted on Thursday, 22nd October, 2026 at 4:00 PM (IST) In continuation of our letter dated 22nd October,2026 intimating about the business update call and audio recording of the call respectively and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the call related to business update of the Company held on Thursday, 22nd October,2026. This information will also be hosted on the Company’s website at https://www.bkt- tires.com/ww/us/investors-desk . You are requested to kindly take the above information on record and disseminate. Thanking you, Yours faithfully, For Balkrishna Industries Limited Vipul Shah Director & Company Secretary and Compliance Officer DIN: 05199526 Balkrishna Industries Ltd. CIN No.: L99999MH1961PLC012185 Corporate Office : BKT House, C / 15, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India. Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com Registered Office: B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar – 431 136, Maharashtra, India “Balkrishna Industries Limited Business Update Call” October 22, 2026 “E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 22nd October 2026 will prevail. MANAGEMENT: MR. RAJIV PODDAR – JOINT MANAGING DIRECTOR – BALKRISHNA INDUSTRIES LIMITED MR. SATISH SHARMA – SENIOR PRESIDENT AND DIRECTOR, STRATEGY AND BUSINESS DEVELOPMENT – BALKRISHNA INDUSTRIES LIMITED MR. SAROJ KHUNTIA – CHIEF FINANCIAL OFFICER– BALKRISHNA INDUSTRIES LIMITED SGA, INVESTOR RELATIONS ADVISORS Moderator: Ladies and gentlemen, good day, and welcome to Balkrishna Industries Limited Business Update Call. As a reminder, all participant lines will be in the listen-only mode, and there will Page 1 of 13 Balkrishna Industries Limited October 22, 2026 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 touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Shogun Jain from SGA. Thank you, and over to you, sir. Shogun Jain: Thank you, Danish. Good evening, everyone. I hope everyone has had a chance to read the press release issued to the stock exchanges earlier today. On the call today, we are joined by Mr. Rajiv Poddar, Joint Managing Director; Mr. Satish Sharma, Senior President and Director of Strategy and Business Development; along with Mr. Saroj Khuntia, CFO of the company. We will begin the call with opening remarks from Mr. Poddar, followed by an open forum for questions and answers. Before we begin the call, I would like to point out that some of the statements made during today's call may be forward-looking, based on the beliefs, opinions, and expectations of the company as of this event. These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict. Further, all participants are requested to restrict the discussion to the Pirelli-BKT announcement made today morning. We will not discuss any matter related to Q2 performance or business in general, owing to the silent period policy of the company. With that, I hand over the call to Mr. Poddar for opening remarks. Rajiv Poddar: Thank you, Shogun. Good evening, everyone, and thank you for joining us today at such short notice. BKT and Pirelli have today signed a strategic offtake agreement for production in India of Pirelli-branded premium car tires. This partnership combines the technological and innovation prowess of Pirelli, along with the industrial capabilities of BKT, to create a strong foundation to serve one of the fastest-moving and growing auto markets of the globe. In the first phase of this agreement, which is the offtake agreement, BKT will produce in its newly-constructed PCR plant at Bhuj, equipped with the most modern and advanced technology, Pirelli-branded tires with Pirelli-specific technology and quality standards. We expect the offtake from this partnership to commence in 2027. And this will scale up to supply 800,000 Pirelli-branded tires per year by the year of 2030. The agreement paves the way for the second phase in which there is an envisagement, at certain conditions, the creation of a 50-50 joint venture and the construction of a production plant dedicated to high-value passenger car tires, both with the Pirelli brand, as well as the BKT brand, to serve India and other international markets. India is a fast-growing passenger car market, which is growing at 6% to 7% annually. The premium car market is expected to grow at a faster pace in India over the next few years. For Page 2 of 13 Balkrishna Industries Limited October 22, 2026 BKT, this agreement supports its expansion in the passenger tire segment and acknowledges its manufacturing capabilities to produce world-class standard tires. This agreement and partnership is a landmark moment in BKT's history, especially at a time when we are at an early stage in our on-highway tire journey. Our partnership with Pirelli is a testimonial to BKT's capabilities, BKT's quality standards, and the strength of the BKT brand, and also the values that we have created to drive the growth of our businesses across the verticals. We expect this partnership to not only further accelerate our positioning in the Indian tire market, but also help in the faster ramp-up of the investments we have put in the last 18 months, in the on-road tyre segment. This strategic announcement further enhances our conviction of achieving our stated vision of 2030. This partnership brings together complementary strengths to capture the opportunities of growing market while creating value for both the companies. With this, I conclude my opening remarks and leave the floor open for Q&A. Moderator: Ladies and gentlemen, we'll now begin with the question-and-answer session. First question comes from the line of Raghunandhan N. L. with Nuvama Research. Please go ahead. Raghunandhan N. L.: Good afternoon, sir. Thank you for the opportunity. Congratulations on the collaboration. First question was, with the capacity which is being set up in Bhuj and with the thought process of 8 lakh tire supply to Pirelli, what is the kind of investment you envisage, and how do you see the ramp-up of supplies which will happen, which will start from 2027 onwards? Rajiv Poddar: So, I think as I mentioned in my opening remarks, the ramp-up will be gradual year-on-year, reaching an ultimate goal of 8 lakh tires per year by the year 2030. Regarding the investment, that this would be a part of the ongoing expansion program that we have already taken onboard about in the last year when we stated our vision. And it will be helping us, ramp up our capacities, to utilize our capacities during that period. Raghunandhan N. L.: Understood, sir. Just to clarify, if it's part of your existing investment program and you don't envisage any additional investment for the offtake agreement, only for the joint venture, there could be additional investments. Would that be right understanding? Rajiv Poddar: Absolutely right. Raghunandhan N. L.: And a follow-up, sir, that by 2030, assuming you reach your ind [Showing first 8,000 characters — download PDF for full document]