Analysts/Institutional Investor Meet/Con. Call Updates

SG MART LIMITED (formerly known as Kintech Renewables Limited) Registered Office: H. No. 37, Ground Floor, Hargovind Enclave, Vikas Marg, Delhi-110092 Corporate Office: SG Centre, Plot No. 37C, Block-B, Sector-132, Maharishi Nagar, Gautam Buddha Nagar, Noida, Uttar Pradesh, India – 201304. Tel: 0120-6918000| Email: compliance@sgmart.co.in Website: www. sgmart.co.in | CIN: L46102DL1985PLC426661 October 29, 2026 The Listing Department Department of Corporate Services/Listing National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Bandra-Kurla Complex, P hiroze Jeejeebhoy Tower, Bandra (E), Mumbai-400051 Dalal Street, Fort, Mumbai-400001 NSE Symbol : SGMART Scrip Code: 512329 Dear Sir/Madam, Sub: Transcript of the Conference Call held on October 27, 2026 With reference to our letter dated October 21, 2026, intimating you about the conference call with Analyst(s)/ Institutional Investor(s) held on October 27, 2026. Please find attached the transcript of the aforesaid conference call. The above information is also available on the website of the Company. We request you to kindly take the above information on your record. Thanking you Yours faithfully For SG Mart Limited Sachin Kumar Company Secretary & Compliance Officer M. No. F13972 Encl: a/a “SG Mart Limited Q2 FY27 Earnings Conference Call” October 27, 2026 MANAGEMENT: MR. ROHAN GUPTA – EXECUTIVE DIRECTOR – SG MART LIMITED MR. AMIT THAKUR – EXECUTIVE DIRECTOR – SG MART LIMITED MR. SURAJ KUMAR – CHIEF FINANCIAL OFFICER – SG MART LIMITED MR. ARCHIT ARORA – VICE PRESIDENT – SERVICE CENTRE AND DISTRIBUTION BUSINESS – SG MART LIMITED MS. ANAMIKA GULATI – SENIOR GENERAL MANAGER RENEWABLE BUSINESS – SG MART LIMITED MR. ANUBHAV GUPTA – GROUP CHIEF STRATEGY OFFICER – SG MART LIMITED MODERATOR: MS. SNEHA TALREJA – NUVAMA WEALTH MANAGEMENT LIMITED Page 1 of 14 SG Mart Limited October 27, 2026 Moderator: Ladies and gentlemen, good day and welcome to SG Mart Q2 FY27 Conference Call hosted by Nuvama Wealth Management Limited. 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 Ms. Sneha Talreja. Thank you and over to you, ma'am. Sneha Talreja: Hi, good evening everyone and welcome to SG Mart Q2 FY27 Earnings Conference Call. We have with us today the senior management team of SG Mart represented by Mr. Rohan Gupta, Executive Director, Mr. Amit Thakur, Executive Director, Mr. Suraj Kumar, CFO, Mr. Archit Arora, VP, Service Centre and Distribution Business, Ms. Anamika Gulati, Senior General Manager, Renewable Business and Mr. Anubhav Gupta, Group Chief Strategy Officer. I would now like to hand over the call to Mr. Anubhav for his opening remarks. Over to you, Anubhav. Anubhav Gupta: Thanks Sneha and thanks to Nuvama for hosting SG Mart for its Q2 FY27 Earnings Call. Good evening everyone. I welcome each one of you to this earnings call from SG Mart Limited. It gives me immense pleasure to announce that Q2 FY27 has delivered the performance on a sustainable manner for the last consecutive three quarters wherein we achieved EBITDA of INR72 crores. So if you see our earnings trajectory from quarter Q4 FY26 to quarter 1 and now into quarter 2, we are finally on track to deliver the performance where we have changed our business model to trading plus manufacturing, which was earlier only trading when we had started the company. And the business model which are which is being evolved and now has started giving performance, it consists of two main pillars which are trading plus manufacturing club. By trading what we mean is that we have a very vast group distribution network. Then we are building our own network of service centers. We have our own brand, APL Apollo and SG Mart, plus we also have an online business sales channel. So this is what consists of the trading platform and in manufacturing we have three products, three verticals, I would say. One is the processing which is processing of HR coil and coated products. Then second is manufacturing of profiles which are into construction, renewable and industrial sectors and number three is manufacturing of accessories. So all these three product lines have started contributing to our revenue and the platform what we are building in terms of the distribution, in terms of the network of service centers. And in terms of online sales, backed by our strong group brand pedigree, we believe that this performance will continue in the coming quarters because for each of the product line we have made a business plan for the next 5 years wherein we wish to increase these capacities by 3x to 4x in the coming years. So I'll explain the each business vertical one by one. Starting, of course, we start with the trading where which gives the strength to sell our products. So one is the service center which almost eight are operational today and every year we wish to Page 2 of 14 SG Mart Limited October 27, 2026 add five to six service centers. We have become more aggressive in acquiring new land parcels and our target is to have 25 plus service centers by 2030. But as the ramp up is better than expected, we believe that we may achieve this number slightly early and we may increase the number of service centers to 30, 35 by 2030. Idea is to have each service center in the country within vicinity of 200 kilometers. We have given we have represented this in our investor presentation also, wherein we have identified the locations where we wish to open service centers. Then second is the distribution network. So we already had a kickstart from the group distributors who have been present into multiple steel downstream products. We have expanded that base from tubes to rebars to other downstream products. So we have almost 1,200 dealers and distributors to whom we have started servicing. Online sales channel we are building, so we will be ready with this platform in next 6 months. We have already started investing in the team building and tech stack. We believe that in 6 months we should be ready with this. Now coming to the manufacturing, so first vertical is the processing of HR coil. So if you see in the second quarter, we have done a volume of 206,000 tons, which is up 16% on Q-o-Q basis. This volume momentum should continue as we open more and more service centers in every quarter and what we have seen is that it takes 6 to 9 months for a service center to fully ramp up. So we have good runway wherein you will keep on seeing the volume momentum in the coming quarters. Now the second manufacturing vertical is profiles. So we have two types of profile, one is solar which goes into OEM market for the ground mounted solar structures and second is the multiple profiles for construction sector which is sold through our distribution network. So all in all if you see, we did volume of around 40,000 tons in the quarter 2, which is up 20% versus quarter 1 FY27. So again, we have capacity like 40,000 ton per quarter mean 160,000 ton of annual run rate and we already have a capacity of half a million ton. So this ramp up also we will see pretty strongly as we keep on adding more products and as our distribution network keeps on expanding. And third segment is accessories. So this also we have launched five products already and we are in process of launching two, three more products. So what we have seen is that accessories also complement the sale of profiles or the solar structures or the processed metal and it is sold through the same distribution channel. So it's a very stable and profitable revenue line which will keep on adding to the profitability. So the EBITDA margins are also pretty solid and they should remain strong. In fact, they should improve [Showing first 8,000 characters — download PDF for full document]