Analysts/Institutional Investor Meet/Con. Call Updates

STEAMHOUSE INDIA LIMITED Date: 03rd November 2026 Ref. No.: SHIL/NOV/03/02/2026-27 To To Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 544914 (BSE) Symbol: STEAMHOUSE (NSE) ISIN: INE0FRO01022 Subject: Submission of Transcript of Earnings Call on the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026 Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earnings Call of Steamhouse India Limited (“the Company”) held on Friday, October 30, 2026, in relation to the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026. The transcript is also available on the Company’s website at www.steamhouse.in. This is for your information and records. Thanking You, For Steamhouse India Limited Shyam Bhadresh Kapadia Company Secretary & Compliance Officer FCS No.: 13082 STEAMHOUSE INDIA LIMITED CIN: L40300GJ2015PLC083493 Contact No.: +91 9099512222, 0261-2998109 | Email Id: compliance@steamhouse.in | Website: www.steamhouse.in. Registered office address: Office No. – 324, Second Floor, Four Point, V.I.P. Road, Vesu, Surat-395007, Gujarat. “Steamhouse India Limited Q2 FY27 Earnings Conference Call” October 30, 2026 MANAGEMENT: MR. VISHAL S. BUDHIA – CHAIRMAN AND MANAGING DIRECTOR – STEAMHOUSE INDIA LIMITED MR. VAIBHAV GATTANI – CHIEF FINANCIAL OFFICER – STEAMHOUSE INDIA LIMITED MODERATOR: MR. AMIT SHARMA – ADFACTORS PR Page 1 of 23 Steamhouse India Limited October 30, 2026 Moderator: Ladies and gentlemen, good day and welcome to Steamhouse India Limited Q2 FY27 Earnings call. 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 Mr. Amit Sharma from Adfactors PR. Thank you, and over to you, sir. Amit Sharma: Good afternoon, everyone. Welcome to the Q2 and H1 FY27 Earnings Conference call of Steamhouse India Limited. Today, from the management side, we have with us Mr. Vishal S. Budhia, Chairman and Managing Director, Mr. Vaibhav Gattani, Chief Financial Officer of Steamhouse India Limited. We also have the Adfactors PR team on the call today. We will begin the call with the opening remarks from the management, after which we shall open the forum for the Q&A session. I must remind you that this conference may include forward-looking statements about the company which are based on the beliefs, opinions and expectations of the management as on the date of this call. These statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference to Mr. Vishal S. Budhia for his opening remarks. Thank you and over to you, sir. Vishal S. Budhia: Thank you, Amit ji, for the introduction. Good afternoon, everyone and a warm welcome to Steamhouse India Limited Q2 and H1 FY27 Earnings Conference call. Thank you for taking out the time to join us today. I would also like to extend my sincere thanks to our investors, analysts and stakeholders for their continued interest, trust and confidence in the company. Let me begin by sharing our perspective on the progress we have made, our key business developments and the opportunities ahead as we continue to build Steamhouse into a scalable industrial steam and infrastructure platform. As you know, the community boiler concept is still at a relatively nascent stage in India. However, we believe it has significant potential as industries increasingly look for reliable, cost- efficient and environmentally responsible energy solutions. Under this model, steam is generated centrally and distributed to multiple- industrial customers through a common pipeline network. This can help customers reduce the need for individual boiler infrastructure, while supporting more efficient use of resources. We believe that the combination of industrial growth, increasing focus on energy efficiency and development of organized industrial parks can create a favorable environment for the adoption of this model. Government initiatives to promote industrial infrastructure sustainability and more efficient energy solutions could further support this opportunity. Steamhouse is well positioned to participate in transition given our operating experience, established customer relationship and expertise in developing and managing steam infrastructure. Page 2 of 23 Steamhouse India Limited October 30, 2026 We are encouraged by the traction we are seeing. The community boiler project at Bulk Drug Park Una, Himachal Pradesh represents an important milestone for us. It provides an opportunity to demonstrate our capabilities beyond our established markets in Gujarat and to build a presence in a new industrial geography. More recently, we signed an MOU with the Haryana Enterprise Promotion Center, Government of Haryana to explore the industrial infrastructure opportunity in state involving a proposed investment of INR500 crores. The MOU establishes a framework for cooperation and government facilitation to evaluate potential opportunities including common boiler infrastructure for industrial clusters. We view this as an encouraging step towards exploring new markets. Despite geopolitical uncertainties including tensions in the Middle East, we believe India's continued economic and industrial development provides a supportive long-term backdrop for our business. The development of industrial parks and manufacturing clusters can create opportunities for centralized steam infrastructure, and we intend to pursue these opportunities in a disciplined manner. Now coming to Q2 and H1 business performance. The second quarter for Steamhouse is a part of seasonal industrial cyclical phase, particularly the monsoon period where the industrial demand of tends to be on the lower side. Despite these conditions, we are very happy to have the best Q2 in our history. We delivered year-on-year growth in steam volumes during Q2, reflecting continuous strength of our business for the first half of FY27. Steam volumes grew by 14.35% year-on-year. The continued progress we are making in expanding our customer base and infrastructure is reflective of the inherent strength. While volumes moderated marginally on a quarter-on-quarter basis in Q2, our focus remains on maintaining operational reliability, improving efficiency and strengthening profitability as the business scales. We are also seeing progress in our operating performance: EBITDA per ton has improved significantly compared with the corresponding period last year. Reflecting our ongoing focus on operational efficiency, cost management, and better utilization of infrastructure. We continue to evaluate alternative fuels that are economically viable and environmentally responsible. Our objective is to manage operating costs while maintaining reliable service for our customers. Let me now take you through our key expansion and project execution updates. Our Jhagadia facility is progressing towards commissioning with approximately 14.8 tons per hour of capacity already contracted out of the planned 30 tons per hour. This gives us a foundation of customer demand as we bring the facility into operation. We are also progressing with our planned expansions at Nandesari and Vapi. These projects are being developed alongside customer discussion and contracting so that we can align new [Showing first 8,000 characters — download PDF for full document]