Analysts/Institutional Investor Meet/Con. Call Updates

November 02, 2026 To, To, The General Manager, The Listing Department. Department of Corporate Services, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, C-1, Block G P.J. Towers, Dalal Street, Bandra Kurla Complex Mumbai – 400001 Bandra (E), Mumbai – 400 051 Scrip Code No.: 543972 Trading Symbol: AEROFLEX Subject : Transcript of Earnings Conference Call held on October 29, 2026 for Q2 & H1 FY27 Results Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to our earlier intimation dated October 29, 2026 regarding the audio recording of the Earnings Conference Call, please find enclosed herewith the transcript of the Earnings Conference Call held on Thursday, October 29, 2026 at 11:00 A.M. (IST) for Q2 and H1 FY27 financial results. The transcript is also available on Company’s website at: https://www.aeroflexindia.com/uploads/topics/bfce073f-8cf6-4b59-97ad-352446c6e5db.pdf The audio recording of the Earnings Conference Call held on October 29, 2026, for Q2 & H1FY27 Results is available on Company’s website at: https://www.aeroflexindia.com/uploads/topics/17932714286574.mp3 Request you to kindly take the same on record. Thanking you, Yours faithfully, For AEROFLEX INDUSTRIES LIMITED Ruthu Parampogi Company Secretary & Compliance Officer Membership No.: A60982 Encl: As above “Aeroflex Industries Limited Q2 FY27 Earnings Conference Call” October 29, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 29th October 2026 will prevail. MANAGEMENT: MR. ASAD DAUD – MANAGING DIRECTOR – AEROFLEX INDUSTRIES LIMITED Page 1 of 16 Aeroflex Industries Limited October 29, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Aeroflex Industries Limited Q2 FY27 Earnings Conference Call. As a reminder, all participants' 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 this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. Before we begin, this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. Asad Daud, Managing Director. Thank you, and over to you, sir. Asad Daud: Thank you so much. Good morning, everyone. I welcome you all to Aeroflex Industries Limited Q2 FY27 Earnings Call. Joining us today are members of our senior management team, along with representatives from Strategic Growth Advisors, our Investor Relations Partner. I hope you had the opportunity to review our financial results and investor presentation, which are available both on the stock exchange and also on our company's website. We are pleased to report that our best ever results with quarterly revenue crossing INR200 crores milestone for the first time ever. This achievement reflects sustained growth momentum across all our verticals and supported by strong demand for our core products and increasing traction that we are witnessing in the liquid cooling vertical. It also highlights the strength of our diversified business model, a growing contribution from value-added products and our strategic positioning in high-growth segments, especially the high-performance data center infrastructure. During H1 FY27, our metal flexible hose business delivered strong growth with revenues increasing by 40% on a year-on-year basis, supported by demand across various end-user industries and across our established international customer base. The assemblies and other value-added products business also registered a growth of 44% on a year-on-year basis, which reflects increased demand for high-precision engineered flow solutions. The liquid cooling vertical continues to gain significant traction driven by the growing adoption of advanced cooling technologies in high-performance data centers. This vertical contributed 24% to our revenue in H1 FY27, which makes a significant milestone in our evolution from being just a flexible hose provider to an integrated provider of advanced flow control and liquid cooling solutions. We have also announced the merger of Hyd-Air Engineering, which is our wholly-owned subsidiary with Aeroflex. This is aimed at strategically integrating operations of Hyd-Air into Aeroflex and to create a more streamlined and efficient business structure. The merger is also expected to leverage existing infrastructure. Page 2 of 16 Aeroflex Industries Limited October 29, 2026 It will help to optimize the resource allocation and also strengthen the company's ability to scale in-house capabilities in line with our business requirements. By eliminating operational overlaps and simplifying the corporate structure and also optimizing the cost, this consolidation is expected to reduce the administrative and compliance related costs, enhance our operational coordination, improve resource utilization and facilitate more and efficient capital allocation. Now talking about the data center opportunity. The rapid advancement of AI and high- performance computing is transforming the entire global data center infrastructure, including in India as well. Higher computing requirements are driving increased rack densities and heat generation, which is accelerating the shift from conventional air cooling to advanced liquid cooling technologies. Hyperscalers, cloud service providers and global technology companies are making huge investments in data centers, not only internationally, but also in India as well. And this is creating a growing demand for reliable, leakproof and precision engineered flow control solutions. Aeroflex is well positioned to participate in this opportunity through its expertise in the flexible flow solutions in terms of engineered assemblies and also liquid cooling skid assemblies. Our SFN skid assemblies facilitate controlled coolant circulation and also support efficient data center cooling operations. We are also strengthening our capabilities in advanced flow control components and flexible connection solutions to address the ever-evolving requirements of the liquid cooling infrastructure. We aim to progressively strengthen our presence across the data center value chain, leveraging our manufacturing capabilities, our customized engineering solutions and our diversified product portfolio. Now talking about our capacity expansion. In this month, we have announced a capacity expansion, which involves total capital expenditure of INR202 crores. This is aimed at from a long-term growth outlook and also increase the demand visibility that we are seeing across both our sectors. In terms of the stainless steel flexible flow solutions, we have already completed the expansion of our manufacturing capacity to 20 million meters per annum. And we have planned a further expansion of 10 million meters per annum, which will take our total capacity to 30 million meters per annum, and it is estimated to be completed by March 2028. And it involves an investment of approximately INR124 crores. This expansion program will comprise a mix of both brownfield expansion at our -- at the existing Taloja facility and also a proposed new manufacturing facility for hose assemblies. Now talking about the expansion plan for the skid assemblies, our current capacity expansion plan of expansion to 15,000 units per annum is expected to be completed by December 2026. Out of that, we have already commissioned the 12,000 units per annum. Page 3 of 16 Aeroflex Industries Limited October 29, 2026 And to add on top of that, we have plann [Showing first 8,000 characters — download PDF for full document]