Unaudited Financial Results-Press Release

VST Industries Limited 28th October, 2026 The General Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange India Ltd. Phiroze Jeejeebhoy Towers “Exchange Plaza” Dalal Street, Fort Bandra Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 STOCK CODE : 509966 STOCK SYMBOL : VSTIND Dear Sir/Madam, Sub : Unaudited Financial Results – Press Release Further to our letter dated 28th October, 2026 enclosing the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2026, we enclose a copy of the Press Release being issued by the Company on the Company’s financial performance for the aforesaid period. Yours faithfully For VST INDUSTRIES LIMITED PHANI K. MANGIPUDI Company Secretary and Vice President-Legal & Secretarial Encl : As above Registered Office: Azamabad, Hyderabad – 500 020; Phone: 91-40-27688000; Fax:91-40-27615336; CIN: L29150TG1930PLC000576; Email:corporate@vstind.com; website: www.vsthyd.com PRESS RELEASE Date: 28 October 2026 Year-to-date performance remains under pressure due to an extraordinary tax increase Net Revenue went down by 21% at Rs. 498 crores vs 634 crores PAT down by 28% at Rs.84 crores vs 115 crore VST Industries, an entity with a presence of over nine decades in the manufacture and distribution of cigarettes with a strong focus on innovation, brand building and distribution, today announced its financial results for the quarter and six months ended September 30, 2026. Financial Performance: Particulars (Rs. Crore) Q2FY27 Q1FY27 Q2FY26 H1FY27 H1FY26 YoY (%) Cigarette Volume (average p/m in mn) 562 611 695 586 704 -16.8 Revenue from Operations: Cigarette (net of excise duty) 187 216 243 403 498 -19.1 Unmanufactured Tobacco, etc 55 40 93 95 136 -30.1 Net Revenue 242 256 336 498 634 -21.4 EBITDA 43 50 79 93 156 -40.4 EBITDA Margin (%) 17.9 19.4 23.4 18.7 24.6 -590bps Profit after Tax 41.1 42.4 59.2 83.5 115.3 -27.6 Note: With effect from 1st February 2026, the Government of India reduced the levy of Compensation Cess on cigarettes to 'Nil' and at the same time GST and Excise Duty on the subject product was increased significantly resulting in incidence of tax on cigarettes increasing by about 50% on average. Commenting on the performance of the company Piyush Srivastava, Managing Director, said, “The significant increase in cigarette taxation has created a challenging operating environment, impacting consumer affordability and legal industry volumes. Our focus remains on strengthening our brands, adopting a measured pricing approach, improving distribution effectiveness and driving cost efficiencies. In our unmanufactured tobacco business, ongoing geopolitical situation continues to weigh on growth. We remain committed to navigating these challenges with discipline and building a resilient business for sustainable long-term growth." P. O. Box no. 1804, Azamabad, Hyderabad – 500 020, Telangana, India, Tel.: 040 2768 8000 About VST Limited VST Industries Limited was incorporated in 1930 under its erstwhile name of The Vazir Sultan Tobacco Company Limited. The Company is a leading player in the manufacture and distribution of cigarettes and tobacco leaf. Its products are available across 10 lakh retail outlets in India translating to an over 80% market penetration. Two of its brands, namely Total and Editions are recognized amongst the Top 10 cigarette brands in the country. The Company currently indents over 20,000+ tonnes of tobacco and interacts with more than 15,000 farmers. VST Industries is strongly committed to sustainability and in this regard conducts several projects in the locations it is present in encouraging the adoption of renewable and sustainable resources. The Company’s manufacturing facility is located at Toopran (Telangana). For further information on the Company, please visit www.vsthyd.com Anish Gupta Phani Kumar Mangipudi CFO Company Secretary & VP - Legal Tel: +91 040- 27688226 Tel: +91 040- 27688437 Email: investors@vstind.com DISCLAIMER: Certain statements that may be made or discussed at the conference call may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, import duties, litigation, labour relations etc. Actual results might differ substantially from those expressed or implied. VST Industries Ltd will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. P. O. Box no. 1804, Azamabad, Hyderabad – 500 020, Telangana, India, Tel.: 040 2768 8000