Tinna Rubber and Infrastructure Limited has submitted the Transcript of Investor and earnings concall, held on Monday, October 26, 2026.

Date: October 29, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C-1, Block G, Dalal Street, Mumbai-400001 Bandra Kurla Complex, Bandra (E), Mumbai-400051 BSE Scrip: 530475 NSE Symbol: TINNARUBR ISIN: INE015C01016 SUBJECT: TRANSCRIPT OF INVESTORS AND EARNINGS CONCALL Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we are enclosing herewith the transcript of investor and earnings concall, held on Monday, October 26, 2026 on the financial and operational performance of Tinna Rubber And Infrastructure Limited for the second quarter and half year ended on September 30, 2026 (Q2 – H1FY27). The aforesaid transcript is also available on Company’s website at following link:- https://tinna.in/wp-content/uploads/2026/10/Earning-Call-Transcript-Oct-2026.pdf You are requested to take the same on your records Thanking you Yours faithfully For TINNA RUBBER AND INFRASTRUCTURE LIMITED Sanjay Kumar Rawat Company Secretary ICSI M. No. : ACS23729 Enclosure: as above “Tinna Rubber & Infrastructure Limited Q2 and H1 FY27 Earnings Conference Call” October 26, 2026 MANAGEMENT: MR. GAURAV SEKHRI – JOINT MANAGING DIRECTOR – TINNA RUBBER & INFRASTRUCTURE LIMITED MR. SUBODH KUMAR SHARMA – WHOLE TIME DIRECTOR AND CHIEF OPERATING OFFICER – TINNA RUBBER & INFRASTRUCTURE LIMITED MR. ABHAY KUMAR – CHIEF FINANCIAL OFFICER – TINNA RUBBER & INFRASTRUCTURE LIMITED MR. RAJARSHI DATTA – BUSINESS DEVELOPMENT AND CORPORATE AFFAIRS – TINNA RUBBER & INFRASTRUCTURE LIMITED MODERATOR: MS. SANA KAPOOR – GO INDIA ADVISORS Page 1 of 16 Tinna Rubber & Infrastructure Limited October 26, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Tinna Rubber & Infrastructure Limited Q2 and H1 FY27 Earnings Conference Call, hosted by Go India 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 touch-tone phone. I now hand the conference over to Ms. Sana Kapoor from Go India Advisors. Thank you, and over to you, ma'am. Sana Kapoor: Thank you, Rutuja. Good afternoon, everybody, and welcome to Tinna Rubber & Infrastructure Limited's Earnings Call to discuss the Q2 and H1 FY27 results. We have on the call Mr. Gaurav Sekhri, Joint Managing Director; Mr. Subodh Kumar Sharma, Director and Chief Operating Officer; Mr. Abhay Kumar, Chief Financial Officer; and Mr. Rajarshi Datta, Business Development and Corporate Affairs. We must remind you that the discussion on today's call may include certain forward-looking statements and must be therefore viewed in conjunction with the risks that the company faces. May I now request Mr. Gaurav Sekhri to take us through the company's business outlook and financial highlights, subsequent to which we will open the floor for Q&A. Thank you, and over to you, sir. Gaurav Sekhri: Thank you, Sana, and good afternoon, everyone. Sana, am I audible okay? Sana Kapoor: Yes, sir. Loud and clear. Gaurav Sekhri: Thank you. Welcome, everyone, to Tinna Rubber & Infrastructure Limited's Q2 and H1 FY27 Earnings Call. Our results and earnings presentation are available on our website and on the stock exchanges. I will cover the strategic updates, and then Subodh will take you through our operational and financial performance. H1 FY27 has been a landmark period with profitability at record levels on both stand-alone and consolidated basis. In Q2, consolidated revenue grew 31% and PAT grew 45% year-on-year, reflecting the strength of our business model. CARE Ratings also has upgraded our credit rating to CARE BBB, stable for long-term facilities and CARE A3+ for short-term facilities. Our 3,500 tonne per annum micronized rubber powder expansion is on track for commissioning in Q3 of FY27. It will take our total MRP capacity to 20,000 tonnes per annum, making us the world's largest producer of MRP. At our plant in Varale, the Tyre Pyrolysis Oil began commercial sales in Q2, and we expect it to stabilize by Q3. The recovered Carbon Black production starts in Q3, and we expect commercial sales to commence in Q4. Our Polymer Composites & Masterbatch business more than tripled its revenue to INR27 crores in H1 with 12,000 tonne per annum capacity added at Gannaur. Its capacity is now 18,000 tonnes per annum, and we expect the PCMB business to contribute 8% to 10% of the FY27 revenue, which is as per the guidance given earlier this year. We have completed INR45 crores of capex in H1 out of INR100 crores planned across FY27 and FY28. Page 2 of 16 Tinna Rubber & Infrastructure Limited October 26, 2026 I am pleased to inform that we have completed acquisition of 40 acres of land in Andhra Pradesh for an integrated rubber and plastics recycling complex. We plan to invest approximately INR250 crores over 3 years at this facility, which will involve tyre recycling, plastics recycling, pyrolysis and a recovered carbon black plant at this location. In our Q2 filings, we have informed our shareholders that our Panipat plant land may be acquired by Haryana government. While our representation to the state government is pending against this acquisition, we wish to clarify that if this land is eventually acquired by the state government, our compensation due to us more than offset the book value of this plant. Our Panipat facility is our oldest and smallest of the factories where we only make crumb rubber and micronized rubber powder. All the plastics recycling facility in North India is not located at the premises. Therefore, to further clarify and as already informed in our Q2 filings, the acquisition of Panipat land, if it was to happen, will not have any material negative impact on our operations. Internationally, our Oman plant ran at 90% utilization in H1 and its EBITDA margins improved to 11.5% from only 6.4% in FY26. In South Africa, Phase 1 is complete and exports of semi- processed material has begun. The 9,000 tonne per annum crumb line, which is part of our Phase 2 at South Africa is now under commissioning. This has got delayed by 3 to 4 months due to supply chain disruption and some of our equipment getting stuck in the Middle East and was not able to reach South Africa on time. In Saudi Arabia, a plot has been allotted for a 24,000 tonne per annum tyre recycling plant. We expect to begin construction in H2 of FY27, of course, subject to the geopolitical situation. We have also set up Tinna Rubber Chile SpA in Santiago to widen our end-of-life tyre sourcing network. I am pleased to inform renewable energy met 40% of our power needs in H1 as our renewable capacity rose from 1.23 megawatt to 4.48 megawatts and the solar power savings have touched approximately INR2.37 crores. We remain focused on our Vision 2029, which is to achieve revenue of INR1,000 crores, revenue CAGR above 25% and profitability CAGR above 33%, EBITDA margins above 18% and ROCE above 30%. We -- part of our vision is also to expand ourselves from 8 to 10 locations. I am pleased to inform that we are making good progress on all of these fronts. With this, I hand over to Subodh. Subodh Kumar Sharma: Thank you, Gaurav, and good afternoon, everyone. Coming on our operational and the financial performance. In H1 FY27, tyre crushing volumes grew 30% on a year-on-year basis to 86,000 tonnes. Production of MRP, micronized rubber powder and reclaimed rubber rise by 19%, supported by steady demand from the tyre industry. By segment, Infrastructure revenue grew by 38% to INR112 crores despite bitumen supply constraints. Page 3 of 16 Tinna Rubber & Infrastructure Limited October 26, 2026 Industrial segment revenue grew 37% to INR85 crores, which also includes export volume, whi [Showing first 8,000 characters — download PDF for full document]