Analysts/Institutional Investor Meet/Con. Call Updates

GRAVITA INDIA LTD. Corp. Office: Gravita Tower, A-27 B, Shanti Path, Tilak Nagar, JAIPUR- 302004, Rajasthan (INDIA) Phone: +91-141-4057700/800 Web: www.gravitaindia.com CIN: - L29308RJ1992PLC006870 31st October, 2026 GIL/2026-27/113 The BSE Limited The Listing Department Phiroze Jeejeebhoy Towers The National Stock Exchange of India Ltd. Dalal Street, Exchange Plaza, C-1, Block G, Mumbai- 400 001 Bandra- Kurla Complex, Fax No.: 022-22721919 Bandra(east) Mumbai- 400 051 Scrip Code- 533282 Fax No.: 022-2659 8120 Company Code- GRAVITA Dear Sir/Madam, Sub: Transcript of the earnings conference call for the quarter and half-year ended 30th September, 2026 Pursuant to Regulation 30 and 46 read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call for the Quarter and half-year ended 30th September, 2026 held on 28th October, 2026 for your information and records. The above information is also available on the website of Company: https://www.gravitaindia.com/investors/financial-details This is for your kind information and records. Thanking you. Yours Faithfully For Gravita India Limited Nitin Gupta (Company Secretary) FCS: 9984 Encl: As above Regd. Offic e: ‘SAURABH’, Chittora Road, Diggi-Malpura Road Tehsil: Phag i, JAIPUR- 303 904, Raj. (INDIA) Phone: +91-9928070682 Email: companysecretary@gravitaindia.com Gravita India Limited Q2FY27 Earnings Conference Call October 28, 2026 MANAGEMENT: MR. YOGESH MALHOTRA – WHOLE-TIME DIRECTOR AND CHIEF EXECUTIVE OFFICER – GRAVITA INDIA LIMITED MR. NAVEEN SHARMA – EXECUTIVE DIRECTOR – GRAVITA INDIA LIMITED* MR. SUNIL KANSAL – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER – GRAVITA INDIA LIMITED MR. ANANT JAIN – INVESTOR RELATIONS – GRAVITA INDIA LIMITED *NON-BOARD MEMBER MODERATOR: MR. MANISH MAHAWAR – ANTIQUE STOCK BROKING LIMITED Page 1 of 17 Gravita India Limited October 28, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Gravita India Limited Q2 FY27 Earnings Conference Call, hosted by Antique Stock Broking 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 touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Manish Mahawar from Antique Stock Broking Limited. Thank you, and over to you, sir. Manish Mahawar: Thanks, moderator. Warm welcome to all the participants on the 2QFY27 earnings call of Gravita India. We have with us leadership team represented by Mr. Yogesh Malhotra, Whole- Time Director and CEO; Mr. Sunil Kansal, Whole-Time Director and CFO; Mr. Naveen Sharma, Executive Director, Non-Board member; and Mr. Anant Jain, Investor Relations, on the call. Without any delay, I would like to hand over the call to Mr. Malhotra for opening remarks. Post which, we'll open the floor for Q&A. Thank you, and over to you, Yogesh ji. Yogesh Malhotra: Thank you, Mr. Manish. Good afternoon, everyone, and welcome to our Q2 and H1 FY27 earnings call. Thank you for joining us today. I hope you have had the opportunity to review our financial results and investor presentation, which have been uploaded to the stock exchanges. During today's call, I will take you through the key business developments, strategic initiatives, operational highlights and financial performance for the quarter and half year. Following my remarks, we will be happy to take your questions. We are pleased to share that Gravita has delivered resilient performance in Q2 and H1 FY27, navigating an evolving global environment and supply chain challenges while continuing to execute its long-term growth strategy. During H1 FY27, our revenue, EBITDA and PAT grew by 40%, 29% and 10%, respectively, supported by an improved product mix, operational efficiencies and contribution from our diversified recycling businesses. While geopolitical developments and logistic disruptions have impacted the availability and movement of recyclable materials, we have been actively working to diversify our sourcing geographies and strengthen our procurement network. Alongside sourcing from India and other international markets, we are expanding our presence in developed economies by establishing additional scrap procurement yards. These initiatives are aimed at improving sourcing resilience, reducing dependence on individual geographies and supporting better utilization of our expanded manufacturing capacities over the longer term. Our performance reflects the strength of our diversified recycling platform and our ability to adapt to challenging market conditions while remaining focused on profitability, operational excellence and disciplined capital allocation. Page 2 of 17 Gravita India Limited October 28, 2026 Going forward, we will continue to strengthen our core businesses, expand our presence across products and geographies and increase the contribution of value-added products as we progress towards Vision 2030. Before discussing our financial performance in detail, let me first walk you through the key strategic developments during the quarter that continue to strengthen our growth trajectory. Our strategic expansion in copper recycling continues to progress well. The initiatives across Mundra and Mandvi designed to strengthen integration across the copper value chain. At Mundra, we have announced plans to add 59,200 metric tons per annum of copper recycling capacity with an estimated investment of approximately INR64 crores to be funded through internal accruals. The capacity is expected to be commissioned in phases by March 2029. This expansion will support raw material sourcing for our proposed Mandvi plant and further strengthen integration across our copper recycling operations, enabling us to cater to growing demand in domestic and international markets. At Mandvi, Gujarat, work is progressing on our 29,400 metric ton per annum copper recycling facility with an estimated investment of approximately INR160 crores. The project remains on track for commissioning within the next 12 months, as previously guided. Funded through internal accruals, the facility will strengthen backward integration, expand our value-added product portfolio and support long-term profitable growth. We have approved an additional investment of approximately INR94.42 crores to subscribe to the rights issue of Rashtriya Metal Industries Limited against a total rights issue of approximately INR94.81 crores. The proceeds will support RMIL's strategic initiatives and general corporate purposes, further strengthening our presence in the copper and copper alloy segment. We remain very optimistic on lithium-ion battery recycling space, a segment poised to grow alongside the rapid rise in electric vehicles. As battery feedstock availability increases, we will scale towards higher value recovery and processing, positioning this business as a key contributor to Gravita's future growth. In line with our long-term expansion strategy, we have embarked total capital expenditure of INR1,680 crores through FY29. Of this, INR815 crores will be allocated towards strengthening and expanding our existing businesses with the balance directed towards entering new recycling verticals, including lithium-ion battery and copper. The 57th GST Council has recommended bringing electrical and electronic waste scrap under the reverse charge mechanism for procurement from unregistered suppliers. This will exponentially enhance our domestic procurement and fast track the shift from formal to informal. We are also strengthening our international sourcing capabilities. The Board will -- the Board has approved the incorporation of a wholly owned subsidiary in the United States proposed t [Showing first 8,000 characters — download PDF for full document]