Analysts/Institutional Investor Meet/Con. Call Updates

Date: 03rd November, 2026 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jijibhoy Tower, Exchange Plaza, 5th Floor, Dalal Street, Plot No. C/1, G Block, Mumbai Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Scrip Code: 503811 Company Symbol: SIYSIL Sub: Transcript of Analyst / Investor Meet held on 28th October, 2026 In nexus to the captioned subject and in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed is the Transcript of the Analyst/ Investor Meet held on 28th October, 2026. The same will also be available on the website of the Company www.siyaram.com. This is for your information and records. Thanking you, Yours faithfully, For SIYARAM SILK MILLS LIMITED Mahipal Thakur Company Secretary Encl: a/a. Corporate office: B - 5, Trade World, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai – 400013 (India) Phone: 022-3040 0500 / 6833 0500 Email: sharedept@siyaram.com Internet: www.siyaram.com CIN: L17116MH1978PLC020451 Registered Office: H – 3/2, MIDC, A – Road, Tarapur, Boisar, Palghar – 401 506 (Mah.) “Siyaram Silk Mills Limited Q2 FY '27 Earnings Conference Call” October 28, 2026 MANAGEMENT: MR. GAURAV PODDAR – PRESIDENT AND EXECUTIVE DIRECTOR, SIYARAM SILK MILLS LIMITED MR. ASHOK JALAN – SENIOR PRESIDENT AND DIRECTOR, SIYARAM SILK MILLS LIMITED MR. SURENDRA SHETTY – CHIEF FINANCIAL OFFICER, SIYARAM SILK MILLS LIMITED MR. DINESH JAITHLIYA – VICE PRESIDENT, FINANCE, SIYARAM SILK MILLS LIMITED MODERATOR: MS. DEVANSHI DADHICH – MUFG INTIME Page 1 of 16 Siyaram Silk Mills Limited October 28, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q2 FY '27 Earnings Call of Siyaram Silk Mills Limited hosted by MUFG Intime. 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 this conference call, please signal an operator by pressing *, then 0 on your touch-tone phone. I now hand the conference over to Ms. Devanshi Dadhich from MUFG Intime. Thank you and over to you. Devanshi Dadhich: Good afternoon, ladies and gentlemen. I welcome you to the Q2 and H1 FY '27 Earnings Conference Call of Siyaram Silk Mills Limited. To discuss this quarter's performance, we have from the Management, Mr. Gaurav Poddar - President and Executive Director; Mr. Ashok Jalan - Senior President and Director; Mr. Surendra Shetty - Chief Financial Officer and Mr. Dinesh Jaithliya - Vice President, Finance. Before we proceed with the call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risk and uncertainty. For more details, kindly refer to the Investor Presentation and other filings that can be found on the company’s website. Without further ado, I would like to hand over the call to the management for their opening remarks and then we can open the floor for questions and answers. Thank you and over to you, sir. Gaurav Poddar: Good afternoon, everyone and thank you for joining us today for Siyaram Silk Mills Limited Q2 and H1 FY '27 Earnings Conference Call. As we approach the festive season, I would like to extend my warm wishes to all our shareholders, investors, analysts and stakeholders for a happy, healthy and prosperous Diwali. We are pleased to have you as we discuss the company's performance and key developments during the quarter and first half of the year. We trust you have had the opportunity to review our financial results and investor presentation which have been made available on the stock exchanges and on the company's website for your reference. Siyaram Silk Mills Limited has built a strong reputation as one of India's most trusted names in premium fabrics, apparel and textile products. Backed by decades of expertise, a diversified brand portfolio and an extensive distribution network, the company continues to cater to evolving consumer preferences across categories. While remaining firmly rooted in its rich textile heritage, the company is advancing its Siyaram 2.0 journey through a sharper focus on design, merchandising and retail-led growth, expanding its presence in the value fashion and ethnic wear segments. Our retail growth strategy continued to make steady progress during the Page 2 of 16 Siyaram Silk Mills Limited October 28, 2026 first half of the year, supported by the measured expansion of ZECODE and DEVO across key markets. As on date, we have 38 ZECODE stores and 23 DEVO stores, taking the total store count to 61 stores as against 70 stores that we have guided. We are confident that we shall be able to close the store count at 70 stores across the two formats by FY '27. Importantly, this expansion continues to be funded entirely through internal accruals, reflecting our disciplined approach to growth and capital allocation. Coming to the overall industry environment, Despite uneven monsoon and increasing inflationary pressures in key raw materials, the demand across the textile and apparel sector remained broadly stable during the first half of FY '27. Retail activity received support from seasonal consumption and occasions such as Raksha Bandhan and Onam. We also continue to see opportunities in Tier-2 and Tier-3 markets, where rising aspirations and expanding reach of organized retail are supporting consumption. With a larger part of the festive season following in the next quarter, a significant portion of the festive-led consumption is expected to be reflected in Q3. We are also optimistic of the upcoming festive season and it will give a boost to our performance and we also revise our revenue guidance to 14%-15% for this year. We at Siyaram continue to execute our strategic priorities with discipline and agility. Our focus on product innovation, retail expansion and brand development enables us to strengthen our market position while creating a strong foundation for future growth. Our company has delivered another quarter of strong performance with total income of Rs. 827 crores in Q2 FY '27 compared to Rs. 719 crores in Q2 FY '26, a growth of 15.1%. For H1 FY '27, total income stood at Rs. 1,293 crores as against Rs. 1,118 crores, growth of 15.6% in the corresponding period last year. Despite a relatively measured demand environment, we continue to remain focused on driving sustainable growth while maintaining prudent financial management and operational discipline. In line with this commitment, the Board of Directors has approved first interim dividend of Rs. 4 per equity share of Rs. 2 each in FY '27. This reflects the company's disciplined approach to rewarding shareholders consistently over the years. We will continue to execute our strategy with discipline while creating long-term value for our stakeholders. On that note, let me invite our CFO, Mr. Surendra Shetty to take you through the financial highlights and key operating metrics for the quarter. Thank you. Surendra Shetty: Thank you, Gaurav ji and good afternoon, everyone. Let me take through the company's standalone financial performance for the quarter and half year ended September 30, 2026. For the Quarter 2 Financial Year '27, the total income stood at Rs. 827 crores compared to Rs. 719 crores in Quarter 2 of Financial Year ‘26, excluding non-recurring other income of Rs. 24 crores. During the quarter, Fabrics contributed 77% of the revenue while Garments accounted for 16% and Yarn and others contributed 7%. EBITDA for the quarter stood at Rs. 131 crores in Quarter 2 of the Financial Year ‘27 compared to Rs. 121 crores in Quarter 2 of Financial Year ‘26. Profit Page 3 of 16 Siyaram Silk Mills Limited October 28, 2026 after tax for the quarter stood at Rs. 75 crores in Quarter 2 of Financial Year ‘27 as against Rs. 87 crores in the corresponding period of the last year. For the first half of Financial Year ‘27, total income stood at Rs. 1,293 crores compared to Rs. 1,118 c [Showing first 8,000 characters — download PDF for full document]