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GS P L T R AN S M ISSI O N LI M ITED G S P L B h a va n , E-1 8 , G I D C E l e ct r o n i cs, N r . K 7- Ci r c le , Sect o r 2- 6 , Ga n d h ni a g a r - 3 8 2 0 2 8 G u j ara t I( N D I A ) Tel: + 9 1 - 7 9 - 2 3 2 6 8 5 0 0 / 6 0 0 W e b s i t e: www. g s p ltra n s. c o m Re f : G T L / S & L /2026 - 27 D a te : 3 November, 2026 T h e Man a ger L( i s t i n g) T he B S E Lim i t e d , P h i r o z e Je e j e ebhoy To w ers, Dal a l S tre e t, Mu m b a i - 400 001 S c rip C od e : 544801 T h e Manager ( Lis t i n g) T h e N a tio n a l S t o c k E x c h a n g e o f I n d i a L t d Ex c h a nge P l a z a " , B a n dr a -Kurla C o m plex, B andr a E( ), Mu m b a i - 400 051 C o m pany S y m bol : G S P L T RANS S u bj e c t : I nti m a t i o n u n d e r R e g u l a t i o n 3 0 o f SEB I L( i stin g O b li g a t i o n s a n d Dis c l o sure Req u ireme n t s ) R e g ul a t i o ns , 2 01 5 - I n v e s to r P re s e nt a t i o n R esp e c t ed S i r / M a d a m, W e a r e ple a sed to e n c l os e he r ewi t h the I n v e sto r P r e s e n t ation Q2 & Hl F Y 27. T h e s am w i l l be m ad e a v a il a ble on the w ebsite o f th e C ompany v i z . w w w .gspl t r a ns. c o m . This i s for your infor m a tion a n d r ecords. Thanking you ours F a ithfully, F o r G S PL T r a n s m i s s i o n L mi i t e d, Ra j esh w a r i S ha r m a C o mp a n y Secre t a r y g i s t e r e d O ffi c e : G S P C B h a va n , B e h i nd U d y og B h a va n , S e c t o r -I I , G a n d h ni a g a r - 3 82 0 1 0 , G u aj r a t, I n d ia . C I N : U49 3 0 0GJ20 2 4 S GCI 5 3 6 7 2 GSPL TRANSMISSION LIMITED (GTL) Q2 & H1FY27 INVESTOR PRESENTATION 03 November 2026 Disclaimer This presentation has been prepared by GSPL Transmission Limited (GTL) solely to provide information about the Company. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of the Company nor any of its respective affiliates, advisers or representatives, shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information contained in this presentation is only current as of its date. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. Certain statements made in this presentation may not be based on historical information or facts and may be "forward-looking statements", including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to number of factors, including future changes or developments in the Company’s business, its competitive environment, information technology and political, economic, legal and social conditions in India. Please note that this presentation is based on the publicly available information including but not limited to Company’s website and Annual Reports. This communication is for general information purposes only, without regard to specific objectives, financial situations and needs of any particular person. Please note that investments in securities are subject to risks including loss of principal amount. This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. 1 Introducing GTL Way Forward 3 Performance Highlights Board of Directors & Management Team 5 Appendix Introducing GTL At A Glance: A Leading Pure-Play Gas Transmission Platform • Pure-play, open-access transmission network ~ 2,900 km #2 in India 26 100+ • Connected to major supply points, Customers LNG terminals and demand centres across Gujarat, with multi-state Gujarat network Transmission network Districts covered in 200+ Customer as per PNGRB report reach through our subsidiaries Gujarat exit points • Bi-directional network design, SCADA-led operations 8, l • Infrastructure exclusivity under regulated environment with assured returns resulting in high replication MMSCMD CARE AA+/A1+ INR 7,500 Cr Debt Free barriers FY26 contractual Credit Rating Gross Investments in As on 30 Sept. 2026 volume Pipeline Business GTL is the only grid connected to all the operational LNG gateways of Gujarat Investment Rationale A Difficult-to-Replicate Network 1 Pure-play platform 2 Extensive network • Focused natural gas transmission business operating on an open-access • Only grid connected to all operational LNG terminals in Gujarat and basis multiple domestic supply points • Links supply with demand centres within and beyond Gujarat • Connectivity with other national pipeline networks 3 Regulated, Asset backed business model 4 Scaled Gujarat grid • PNGRB tariffs reflect costs, capacity and stipulated returns • ~2,900 km network across 26 Gujarat districts • Short term to long term GTAs with ship or pay provisions • India’s second-largest natural gas transmission network • Gas grid is totally automated with 24/7 remote monitoring and emergency controls 5 Demand growth 6 Financial Headroom for Expansion • India targets 15% gas share by 2030, versus ~6% currently • Debt free with INR 7,150 crore net worth (September 30, 2026) • Demand forecast: ~297 MMSCMD by 2030 vs 188 MMSCMD in FY26, • FY26 operating cash flow: INR 518 crore led by CGD, industrial, refinery and fertilizer • Undergoing capex of INR 3,500 crore to enhance pipeline network Value Creation Through Gas Transmission From Gas Flow to Revenue Gas Sales Agreement SUPPLIERS / PRODUCERS / MARKETERS/ LNG TERMINALS USERS GTL Pipeline ___ di GTA GTA City Gas Distribution (CGD) Domestic Network Natural Gas Refineries (Transportation under GTA) Fertilizer Power LNG Imports lei Steel, Chemicals & Other Industries Positioned at the Heart of India’s Gas Infrastructure Growth • ~25% gas share in Gujarat’s energy mix, supported by GTL’s high-pressure grid • Pan-India connectivity linking East Coast gas fields and West Coast LNG terminals • ~23% of India’s LNG imports transported through GTL’s network • ~41% of KG Basin volumes transported through GTL’s network India’s largest natural gas consuming state @ Rapidly Expanding CGD Network Underpins Gas Demand Growth • Gujarat accounted for approximately 22% of India's • Gujarat remains one of India’s largest CGD markets natural gas consumption in FY26 as of June 2026 with 84% geographical coverage • Consumed 42.17 MMSCMD of natural gas in • CGD gas consumption grew 21% YoY to 5,003 September 2026 against total reported MMSCM in Q1 FY27, highlighting robust demand consumption of 194.74 MMSCMD. growth across the sector A Home to a major concentration of India's LNG Dahej is the anchor of India's LNG supply chain infrastructure • The Dahej LNG terminal alone has 22.5 MMTPA • Gujarat hosts 4 operational LNG terminals, Dahej, capacity and utilisation exceeding 90% in FY26 Hazira, Mundra and Chhara, with a combined 37.7 MMTPA regasification capacity representing ~65% • Dahej is described as the cornerstone of India's LNG of India’s 57.7 MMTPA operational LNG supply chain because of its strong connectivity to regasification capacity demand centres Gujarat is capitalizing on its first mover advantage as it has the most developed a state-wide natural gas transmission grid Source: Company Data, PNGRB & CRISIL Report 8 India’s Gas Opportunity : Structural Growth Across End – Use Sectors Growth supported by urbanization, ~6% - 15% 188 – 297 MMSCMD industrial & manufacturing activity, KEY GROWTH India’s Gas share asp [Showing first 8,000 characters — download PDF for full document]