Presentation on declaration of financial result for the first quarter ended on 30th June 2026.

RRRAAATTTNNNAAAVVVEEEEEERRR PPPRRREEECCCIIISSSIIIOOONNN EEENNNGGGIIINNNEEEEEERRRIIINNNGGG LLLTTTDDD Q1FY27 Investor Presentation RATNAVEER AT A GLANCE India's leading exporter of stainless-steel washers and COMPANY OVERVIEW OPERATIONAL EXCELLENCE precision fasteners, with 25+ years of excellence. Five integrated manufacturing facilities in Gujarat and a 5 800+ Established in 2000 in Vadodara, Gujarat portfolio spanning washers, fasteners, tubes and pipes, Integrated facilities Employees by founding promoter Mr. Vijay R Sanghavi finishing sheets and sheet metal components. #1 exporter of stainless-steel washers from The company is now extending into 46,668 MT 31 India, supplying Fortune 500 OEMs electronics-grade materials through its Processed in FY26 Countries ECMS-approved Copper Clad Laminate Headquartered in Vadodara, Gujarat project. Entering electronics-grade materials with 219 89 India's first integrated FR-4 CCL facility Clients Distribution partners Q1 FY27 FINANCIAL 3,146.35 11.43% 5.80% 10.01% 15.71% PERFORMANCE Revenue(Q1FY27) EBITDA % PAT % RoE % RoCE % (Rs. In Millions) (Q1FY27) (Q1FY27) (FY26) (FY26) 2 JOURNEY OF GROWTH, INTEGRATION AND DIVERSIFICATION 25+ years of disciplined engineering, from a single washer line to a multi-vertical export platform now entering electronic materials. 2000 2003-2011 2013-2019 2021 Founded: Recognition and new lines: Tubes and Pipes: Tubular scale-up: Stainless-steel washer manufacturing EEPC Star Performer streak begins; Division launched with imported hi- Advanced tube-mill project begins in Vadodara Finishing Line and Spring Washer tech tube-mill machinery; exports established divisions launched reach 30+ countries 2027 2026 2025 2023 In Principle Approval: Electronics entry: Integration deepens: Listing: Received in-principle approval ECMS approval received on 30 March Nuts and bolts manufacturing NSE and BSE debut as India's 1st under the Gujarat Electronics Policy 2026 for the ₹338 Cr CCL project; commenced; 90% green power T+3 listing; for the proposed ₹472.34 Cr Copper Line 1 machinery shipment and achieved; CCL greenfield project IPO subscribed 94x with a 32% Clad Laminate (CCL) Project installation underway; commissioning announced; ₹185.50 Cr QIP listing premium on track for November 2026 completed; rating upgraded to IVR A- PRODUCT PORTFOLIO AND MANUFACTURING INFRASTRUCTURE Four complementary verticals across five purpose-built facilities, each backward-integrated, export-ready and underpinned by the same manufacturing discipline. WASHER AND SHEET METAL DIVISION FASTENERS DIVISION 1.5 Bn+ units annually 3500+ SKUs across metric and inch standards; Retaining rings, circlips and e-clips for automotive 3,300+ SKUs across 12 grades and industrial OEMs 25 hook and fixture variants including solar-roof mounting In-house nuts and bolts manufacturing since FY25, solutions integrated with tool room and quality inspection India's largest single-roof dedicated washer facility with automated presses and in-house die and tooling TUBES AND PIPES DIVISION FINISHING LINE DIVISION Cold drawn, welded and U-bend variants for oil and gas, Satin, hairline, mirror and scotch-bright finishes pharma, power, nuclear and architectural sectors 200,000 pieces (~200 MT) monthly output for Imported tube-mill machinery elevators, appliances, metro rail, airports and construction Electropolishing, passivation, hydro and eddy-current testing 100% COMMON ACROSS ISO 9001, 14001, Long term Credit ALL FACILITIES Forward and 45001 and CE rating IVR A- / Renewable power backward Stable integration SERVING GLOBAL MARKETS ACROSS 31 COUNTRIES A distribution-led export model built over two decades, now balanced by a growing domestic franchise across 9 Indian states. EXPORT MARKETS HUBS EUROPE MIDDLE EAST VADODARA Germany, UK, France, UAE, Saudi Arabia, HQ plus 4 integrated facilities Italy, Spain, Netherlands, Qatar Poland, Sweden, Belgium, Austria REST OF WORLD South Africa, Brazil, NORTH AMERICA AHMEDABAD Turkey, New Zealand United States, Canada 1 integrated facility ASIA-PACIFIC Japan, Australia, Singapore, MUMBAI Malaysia, South Korea Primary export port 31 89 219 9 Countries Distribution Partners Clients Indian States INDUSTRY OVERVIEW STRUCTURAL TAILWINDS ACROSS ALL VERTICALS India's precision manufacturing sector benefits from Make in India, PLI schemes and sustained infrastructure build-out, while global demand grows in step with the energy transition and supply-chain diversification away from China. INDUSTRIAL FASTENERS USD USD Global market of USD 91 Bn (2025) growing to USD 115.67 91 115.67 Bn Bn (2032) at a 3.48% CAGR; Indian market of ₹460 Bn 3.48% growing 9.6% p.a. since 2018 on automotive OEM and 2025 2032 CAGR railway demand (Source) STAINLESS STEEL USD USD Global market of USD 225.13 Bn (2025) growing to USD 225.13 Bn 353.48 Bn 353.48 Bn (2034) at a 5.00% CAGR; Indian consumption 5% 2025 2034 growing at a 6.2% CAGR, the fastest globally (Source) CAGR SOLAR MOUNTING 500 GW India BOS hardware growing at an 18% CAGR; the 500 GW ~73 GW renewable target for 2030 requires ~425 GW of fresh solar Renewable Target by Installed in 2024 addition from ~73 GW installed in 2024, with each GW 2030 CAGR consuming ~3,000-4,000 MT of structures and hardware(Source) STAINLESS STEEL PIPES AND TUBES USD USD Global market of USD 37.18 Bn (2024) growing to USD 37.18 Bn 60.14 Bn 60.14 Bn (2034) at a 4.6% CAGR, with Asia-Pacific leading 4.6% 2024 2034 demand (Source) CAGR COPPER CLAD LAMINATE - THE NEW GROWTH ENGINE CCL is the high-performance substrate at the heart of every printed circuit board: epoxy-resin-impregnated glass fabric laminated with copper foil, indispensable across electronics, automotive, telecom and defence manufacturing. The Opportunity Policy Backing Financial Case Planned Investment India's PCB market by 2032 Phase 1 16.4% CAGR ₹338 Cr over 3 Years ₹1,76,790 Cr Revenue - ₹108 Cr facilitated under the ECMS Source: Transparency Market Resarch EBITDA - ₹22 Cr (20%) (approved 30 March 2026), aligned with Indian CCL market by 2031 PAT - ₹12 Cr (11%) ₹29,880 Cr Make in India ROI - 29% Source: Based on estimated calculation Atmanirbhar Bharat and the Capacity - 15,84,000 sheets p.a. Current domestic demand of ₹5,000 Cr with over 90% India Semiconductor Mission imported; demand running at 3,00,000+ sheets per month Scaled case (FY31) across EVs, 5G, consumer electronics, defence and aerospace. Revenue - ₹750+ Cr Execution Status EBITDA - ₹150 Cr (20%) PAT - ₹83 Cr (11%) Manufacturing Flow producing FR-4 grade CCL ROI - 29% Mixing Impregnation Treating Build-up Pressing Inspection Dispatch Capacity - 79,20,000 sheets p.a. across 5 lines, representing only Line 1 machinery ordered and inspected at the vendor works; shipment and installation underway; commissioning on ~1.8% of the Indian market track for November 2026; balance of the 5 planned lines to follow in phases Technical collaboration covers equipment, installation, operating procedures, training and quality management, with support committed through customer approvals for 18 to 24 months post commissioning Q1 FY27 KEY BUSINESS UPDATES Honoured with the Star CCL Project progressing as Received NSE & BSE in- Received in-principle Infomerics upgraded the Performer - Large Enterprise planned, with ~60% project principle approvals for the approval under the Gujarat Company's credit ratings, with Award at the 42nd EEPC completion achieved; proposed Rights Issue of up Electronics Policy for the the long-term rating India Export Awards, commercial production to ₹330 Crore, supporting proposed ₹472.34 Crore upgraded to IVR A- (Stable) recognising excellence in remains targeted for the CCL Project and other Copper Clad Laminate (CCL) and the short-term rating engineering exports November 2026 growth initiatives Project upgraded to IVR A2+; rated bank facilities enhanced to ₹388.47 crore. PROFIT AND LOSS - CONSOLIDATED (Rs. in Millions) Particulars Q1FY27 Q4FY26 QoQ% Q1FY [Showing first 8,000 characters — download PDF for full document]