Analysts/Institutional Investor Meet/Con. Call Updates

CIN: L99999GJ1987PLC009768 Regd. Office: 9-10, GIDC Industrial Estate, Waghodia, Dist.: Vadodara, 391760 Ph.:75 748 06350 | E-Mail: co_secretary@20microns.com| Website: www.20microns.com November 2, 2026 To, To, The Secretary, Asst. Vice President, BSE Ltd. National Stock Exchange of India Ltd., 25th Floor, Exchange Plaza, Plot C/1, G Block Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code - 533022 Symbol - 20MICRONS Dear Sir/Madam, Subject: Submission of Transcript of Investors’ Earnings Call for the Quarter and Half Year Ended September 30, 2026 Dear Sir(s), Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation of our earlier intimation dated October 26, 2026, regarding the Investors’ Earnings Call, we hereby submit the transcript of the said call held on Friday, October 30, 2026, in connection with the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026. The transcript is enclosed herewith as Annexure and is also available on the Company's website at www.20microns.com. under the section Home → Investors → Investor Presentations → FY 2026–27. Click here to access the transcript. We request you to kindly take the above information on record and disseminate the same to all concerned. Thanking you, Yours faithfully For 20 Microns Limited Komal Pandey Company Secretary & Compliance Officer ACS 37092 Encl.: as above Page 1 of 1 20 Microns Limited Q2 & H1 FY27 Earnings Conference Call – Transcript 30 October 2026 Hosted by Wisdom IR Participants Management – 20 Microns Limited • Mr. Atil Parikh – Chief Executive Officer & Managing Director • Mr. Nihad Baluch – Group Chief Financial Officer • Mr. Praneet Shah – Senior Finance Controller Moderator • Mr. Muthukumar K – Wisdom IR Questions received via chat by Analysts / Investors (audio) • Harshit Khadka – Robo Capital • Kavya Varma – Apricus Wealth, Buy-side Research • Shubham Sahani – RSPN Ventures • Amit Bhaiya – Individual Investor • Janish Shah – Individual Investor • Manish Kela – Individual Investor • Hardik K – Individual Investor • Ashwin Reddy - Samatva Investments OPENING REMARKS Moderator (Wisdom IR) [0:53] Good afternoon, everyone, and welcome to the Q2 and H1 FY27 Earnings Conference Call of 20 Microns Limited, hosted by Wisdom IR. I am Muthu from Wisdom IR and I will be your moderator today. Thank you for taking the time to join us. We are pleased to have with us from the management of 20 Microns: Mr. Atil Parikh, Chief Executive Officer and Managing Director; Mr. Nihad Baluch, Group Chief Financial Officer; and Mr. Praneet Shah, Senior Finance Controller. The results for the quarter and the investor presentation were filed with the stock exchanges earlier and are also available on the company’s website. A few points before we begin: this call is being recorded. The recording will be posted on the company’s website shortly after the call and the transcript will follow in due course. All participants will be in listen-only mode during the opening remarks. The question-and-answer session will follow, and I will explain how to ask a question at that point. If you would like to type a question in the meantime, you may post it in the chat box. Please note that some statements on today’s call may be forward-looking. They are based on management’s current expectations and are subject to risks and uncertainties, so actual results may differ materially. The Company does not undertake to update these statements publicly in light of later developments. The call will open with remarks from Mr. Atil Parikh on the Company’s business and strategy, followed by Mr. Nihad Baluch on the financial performance and CapEx progress. We will then move to questions. With that, I would like to hand over to Mr. Atil Parikh. Over to you, Sir. MANAGEMENT COMMENTARY – BUSINESS & STRATEGY Atil Parikh (CEO & Managing Director) [2:43] Good evening everyone and thank you for joining us. Our CFO, Nihad Baluch, will take you through the numbers in detail after my remarks, so I will not repeat them. Instead, I want to use these few minutes to step back and talk about the kind of company 20 Microns has become and where we are taking it. Let me start with one line from this half. Revenue growth returned in the second quarter and our gross margin for the half rose by about 80 basis points. That margin did not come from price alone. It came from a richer product mix. More of what we sell today is engineered, specified and harder to replace. Over the last several quarters, we have made some deliberate choices. Where the customer wanted only the lowest price per tonne, we were willing to step back. We used that capacity and our team’s time to create higher-value grades, many of which take years to get approved. Some of that work is now slowly turning into business, and that is what I would like to explain. I would request a few minutes of your time on our business model, because I believe it is still not fully understood by many investors. We are often grouped with mining or commodity companies. I understand why – our raw material is a natural mineral – but what we sell is very different. A commodity producer mines, crushes and ships a few standard grades, widely available in the market, at the lowest delivered price. At 20 Microns, our customers do not come to us for catalogue products only. They come to us with a problem: a performance gap, an import-dependent product, or a formulation cost they need to bring down. We take a mineral and change what it does in their product. We use mechanical, thermal and chemical surface engineering for opacity, strength, flow, gloss and many other properties. Three things make this business durable. First, we are specified into our customers’ formulations. A new grade typically takes anywhere from three to ten years to move from the first brief to commercial supply. A leading FMCG company is only now moving into commercial supply after nearly ten years of trials with us. Once approved, a grade is rarely replaced, because changing it means re-qualifying the customer’s own products. That is why many of our relationships with India’s largest paints, polymers, rubber, ink and other customers go back 10 to 25 years. Second, we are moving steadily up the value curve. Functional additives – more than 250 specialised grades that we already carry in our portfolio – contribute about one quarter of our revenue. They are priced on the performance they deliver, not per tonne. Paints remains our largest market, but the market beyond paints – led by polymers, cables, rubber, inks, ceramics, agrochemicals and construction chemicals – now accounts for more than half of what we sell. This year alone, we showcased new products at Paint India, Plast India and the India Rubber Expo. Third, innovation is our engine. Our DSIR-recognised R&D centre in Vadodara has a team of more than 35 scientists and engineers. Four new products were commercialised in FY26, each solving a specific customer problem, several of them replacing imports. The proof is in the consistency. Through a pandemic, supply-chain disruptions and sharp swings in energy and freight costs, our EBITDA margins have stayed between 12% and 14% year after year for over a decade. A commodity business does not typically behave that way. So where do we go from here? Our priorities are quite clear and we are executing them step by step. Our ₹100 crore capacity programme is under way. About ₹30 crores have already been deployed and we expect to reach nearly half by the end of this quarter, funded through internal accruals and selective debt. This quarter, we acquired captive mines in Rajasthan and Andhra Pradesh. Captive talc will also start from December. Mineral policies can change at short notice; owning more of our [Showing first 8,000 characters — download PDF for full document]