Investor Presentation

L Rajputana Stainless Limited Rajputana Stainless Limited CIN: L27109GJ1991PLC015331 Date: 03/11/2026 To, To, Department of Corporate Services Listing Compliance Department, BSE Limited, National Stock Exchange of India Limited, Floor 1, Rotunda Building Exchange Plaza, C-1, BLOCK G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400001 Mumbai - 400051 Scrip Code: 544731 Symbol: RSL ISIN: INE313L01016 Dear Sir/Madam, Sub.: Investor Presentation on Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026 Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed an Investor Presentation, specifying on the standalone financial performance for the quarter and half year ended September 30, 2026. This disclosure, along with the enclosures shall be made available on the website of the Company at: https://www.rajputanastainless.com/investor-relations/a3c=/-Investor-Presentation This is for your information and records. Thanking you, Yours faithfully, For Rajputana Stainless Limited Richa Sanjeev Prashar Company Secretary & Compliance Officer (® 213 - Madhwas, Halol kalof Road, Tal : Kalol, Dis © +9170690 12183 OUR STEEL RUNS THROUGH THE ARTERIES OF INDIA N ov ’ 2 02 6 Inv esto r P re se ntati on Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Rajputana Stainless Limited (the “Company”) solely for the information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. Certain statements in this presentation concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The Risk and uncertainties relating to the statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting demand / supply and price conditions in domestic and international markets. The company does not undertake to update any forward -looking statement that may be made from time to time by or on behalf of the company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such presentation along with results to be declared in the coming years. Table of CONTENTS About the Company USPs Strategic Priorities Q2 & H1 FY27 Performance Annexure Business at a Glance Business At a Glance 30+ years of proven expertise since 1991, backed by aerospace- grade certification, with a strong presence across 14 states & 2 UTs and exports to 9 countries. Integrated manufacturing facility in Gujarat with 48,000 MTPA stainless steel capacity, being enhanced to 60,000 MTPA in FY27 (capacity already installed, pending commissioning). Innovation-driven portfolio with 80+ specialty grades and 1,000+ SKUs - trusted by industry leaders like BHEL, L&T, and Bharat Forge. Diversified, de-risked global sourcing network across India, Europe, the USA, the Middle East. Forward integration into stainless steel seamless pipes with 9,600 MTPA capacity, expected to be commissioned by 1st April 2027 Strengthened financial position supported by a debt-free balance sheet. 28% 30% 9.1 5.0 14% Rs 17,650 Revenue CAGR EBITDA CAGR PAT CAGR EBITDA Margin PAT Margin ROE EBITDA Per Ton (FY23-26) (FY23-26) (FY23-26) (FY26) (FY26) (FY26) (FY26) Investor Presentation 5 Simplified Integrated Stainless Steel Business Model Intermediate Finished & Value Added Integration Raw Material Products Products (80+ Grades) Renewable energy – 7.5 MW ; Square Bars Wire Rods Solar Power – 3 MW ; Windmill – 4.2 SS Billets/ Blooms/Slabs Stainless Steel Scrap Round Cornered Round Bars Square Bars Heat treatment facility with 2,000 MTPA capacity, operating at 100% utilisation Forging Ingots Flats/Patti Hexagonal Bars Billets - 48,000 MT Rolling Mill - 36,000 MT FY26 Utilisation - 100% FY26 Utilisation - 100% In-house oxygen plant (350 cum/hr) Ferro Alloys Scrap To be increased to 60,000 MT in FY27 and nitrogen plant (200 cum/hr), both Bright Bar Capacity - 6,000 MT (Capex has been done) operating at 100% utilisation FY26 Utilisation - 85% Investor Presentation 66 03 USPs Niche Positioning Diversified & De – Risked Sourcing Strategic Location Edge Risk Management Framework 1.Niche Leadership via Customized Innovation Customer-Centric Specialty Grades & Trusted by Leading R&D-Led Precision Specialised in Custom Small-Batch Product Development High SKU Depth : Industrial Customers; Engineering Custom Low-Volume, High-Spec Solutions Across aligned with end-use 80+ Grades, Supplying to marquee chemistry, tight Production, a segment Industries from requirements 1,000+ SKUs clients like BHEL, L&T, tolerances, high underserved by large- Engineering to Bharat Forge performance scale manufacturers Aerospace, Driving Higher Realisations Investor Presentation 8 2. Diversified & De-risked Sourcing Network Strategic Location Edge Sourcing from Top 10 Suppliers (%) 37.49% 32.17% 29.82% 28.13% South Korea Hong Kong FY23 FY24 FY25 FY26 Malaysia Singapore Imports(%) Others 35.59% 33.75% 31.07% 26.25% Long-term Raw materials sourced Bulk procurement arrangements for scrap, based on prevailing enables better price industrial gases, and market conditions to negotiation, supporting natural gas ensure FY23 FY24 FY25 FY26 optimise cost efficiency competitive pricing quantity assurance Investor Presentation 9 9 3.Strategic Location Edge Strategically Located Facility Optimised Logistics Costs Halol–Kalol Road (Panchmahal, Reduced inbound and outbound Gujarat) with direct NH 148N transportation expenses connectivity and proximity to an industrial hub Strong Multi-Modal Access Efficient Supply Chain Road, rail (Derol & Vadodara), ports Faster movement of raw materials and (Varnama ICD, Dahej, Hazira) & airport finished goods connectivity Port Connectivity Margin Enhancement Efficient access to key export/import Cost efficiencies translating into gateways improved operating margins Investor Presentation 1100 4.Robust Risk Management Framework Fully Hedged Raw Material Strategy, with prices locked at order stage to eliminate input cost volatility Diversified Global Sourcing Network, across India, Europe, USA, the Middle East & Asia, reducing supply disruption risk Make-to-Order Model with Minimal Open Exposure (5–10%), limiting inventory risk and ensuring disciplined operations Long-Standing Supplier Relationships, ensuring consistent availability and preferential access to scrap Investor Presentation 11 11 02 Strategic Priorities Forward Integration into Seamless Pipes Debt-Free Milestone Achieved Market Expansion & Distribution Strengthening Expanding Value Added Portfolio 1.Forward Integration into Stainless Steel Seamless Pipes Expansion of the existing facility through forward integration and product diversification, with the addition of a 9,600 MTPA stainless steel seamless pipes unit within the current premises. Capital Structure & Capex - Total capex of INR 57.47 Cr, funded through INR 39.16 Cr internal accruals and INR 18.31 Cr IPO proceeds. Project Timeline Commercial operations to begin from 1 April 2027 Revenue Scale to Rs, 250+ crores after bei [Showing first 8,000 characters — download PDF for full document]