Analysts/Institutional Investor Meet/Con. Call Updates

To Date: November 05, 2026 The Manager The Manager BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex Mumbai-400001(BSE Bandra (E), Mumbai- 400051 Scrip Code: 543389) (NSE Symbol: SIGACHI) Dear Sir/Madam, Sub: Transcript of the Earnings Call for Q2 FY 2026-27 Results Unit: Sigachi Industries Limited In continuation to our letter dated October 31, 2026 audio recording of Q2 FY 2026-27 earnings call, please find attached herewith the transcript of the earnings call held on Saturday, October 31, 2026 at 4:30 PM IST. The same is also available on the company's website at www.sigachi.com Request you to kindly take the same on record. Thanking You, Yours faithfully For Sigachi Industries Limited Vivek Kumar Company Secretary & Compliance Officer “Sigachi Industries Limited Q2 and H1 FY27 Earnings Conference Call” October 31, 2026 CORPORATE MR. AMIT RAJ SINHA – MANAGING DIRECTOR AND PARTICIPANTS: CHIEF EXECUTIVE OFFICER – SIGACHI INDUSTRIES LTD. MR. O. SUBBARAMI REDDY – CHIEF FINANCIAL OFFICER – SIGACHI INDUSTRIES LTD. MODERATOR: MR. AADITH V – GO INDIA ADVISORS EVENT DATE/TIME: 31/10/2026, 16.30 HRS IST Page 1 of 13 Sigachi Industries Limited October 31, 2026 Moderator: Good evening, ladies and gentlemen. I'm Akash, moderator for the conference call. Welcome to Sigachi Industries Limited Q2 and H1 FY27 Earnings Conference Call hosted by Go India Advisors. As a reminder, all participants will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need any assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone telephone. Please note, this conference is being recorded. I would now like to hand over the floor to Mr. Aadith from Go India Advisors. Thank you, and over to you, sir. Aadith V: Thank you, Akash. Good afternoon, everyone. It is my pleasure to welcome you on behalf of Sigachi Industries Limited. Thank you for joining us today for Q2 and H1 FY27 earnings call. We have on the call Mr. Amit Raj Sinha, Managing Director and Chief Executive Officer; Mr. O. S. Reddy, Chief Financial Officer; and Mr. Vivek Kumar, Company Secretary and Compliance Officer. Please note that today's call discussion may include certain forward-looking statements and must therefore be viewed in conjunction with the risks that the company faces. I would now like to hand it over to the management for the opening remarks. Thank you, and over to you, sir. Amit Raj Sinha: Thank you, Aadith. Good evening, everyone, and welcome to the Q2 FY27 earnings conference call of Sigachi Industries Limited. The financial results and the investor presentation have been uploaded on the stock exchanges. I hope everyone had the opportunity to review them. As we progress to FY27, our focus remains on translating our strategic priorities into measurable business outcomes. We continue to strengthen our core excipient business while advancing capacity expansion, broadening our product portfolio and business capabilities across API, O&M, and Food and Nutrition. Across these businesses, our emphasis remains on disciplined execution, operational efficiency, and profitable growth, supported by clear focus on customer requirements, innovation, and long-term value creation. 12,000 metric tonne-per-annum of MCC expansion of Dahej SEZ is expected to be commissioned in Q2 FY28, taking a total MCC capacity to approximately 30,000 metric ton-per-annum. Our growth agenda is further supported by the CCS facility at Dahej, with commercialization also expected in Q2 FY28. Together, these projects will strengthen our manufacturing capabilities and position us to address a wider range of customer requirements. Page 2 of 13 Sigachi Industries Limited October 31, 2026 On the innovation front, we further strengthen our PureCoat coating portfolio with the launch of four new offerings: PureCoat Flavor for odor masking, PureCoat TiO2 Free, PureCoat Pearl featuring natural silicate or silica-based pigments with iron oxide, and PureCoat NP, developed using natural polymer like pullulan as an alternative to synthetic polymers. These additions reflect our focus on developing coating solutions that address evolving customer requirements and expand formulation possibilities across the pharmaceutical industry. Our API business continues to progress towards building a broader portfolio and strengthening its regulatory readiness, while our O&M vertical remains an important contributor to the business diversification. Alongside growth, we remain focused on improving operational efficiency, cost discipline, quality, safety, and governance across our facilities. We believe that sustainable growth must be supported by strong execution, responsible capital allocation, and consistent attention to operational performance. To our employees, customers, partners, lenders, and shareholders, thank you for your continued trust and support. We remain committed to translating our strategic priorities into sustainable business performance and long-term value creation. With that, I now invite our CFO, Mr. O. S. Reddy, to take you through the financials and operational highlights for Q2 FY27. Thank you. O. Subbarami Reddy: Thank you, sir, and good evening, everyone. During Q2 FY27, Sigachi reported total operating income of INR 130.45 crores. EBITDA for the quarter stood at INR 19.2 crores, with a margin of 14.72%. Net profit came in at INR 8.78 crores translating to a profit margin of 6.82%. The MCC segment contributed INR 91.22 crores, while the O&M and API segments recorded revenues of INR 13.93 crores and INR 16.67 crores respectively. That concludes my updates. We can now open the floor for questions, please. Thank you. Moderator: Thank you, sir. Ladies and gentlemen, we will now begin the question-and-answer session. The first question comes from the line of Mr. Darshil Jhaveri from Crown Capital. Please go ahead, sir. Darshil Jhaveri: Hello. Thank you so much, sir. Good evening, sir. Firstly, congratulations on a good set of numbers, sir. Sir, I just wanted to know that we had given the guidance of INR 650 crores and 18% EBITDA for the full year. Are we sticking by it because the H1 EBITDA, it looks a bit on the higher side, sir? What are your thoughts about that, sir? O. Subbarami Reddy: Thank you, Darshan. This year, first half year, we have reached around INR 250-plus crores of turnover and in the second half, we have planned for increasing capacities in the existing capacities itself. And also, there is a further business which gives top-line and bottom-line growth as well. Page 3 of 13 Sigachi Industries Limited October 31, 2026 For the Second half, in the beginning also, we expected better margins and better top lines. But, of course, out of INR 650 crores top line, a little drop would be there because earlier, in the beginning, we thought our new project MCC 12,000 metric tons capacity will come a little early, but some deferment would be there. Now, more or less, around INR 600 or so we can reach. In this, there would be a little slip. Darshil Jhaveri: Fair enough, sir. But with regards to margins, can we do 18%? I'm assuming will be a bit difficult for the full year, but in the H2, can we do 18% at least in terms of margin? How do you see the environment right now? O. Subbarami Reddy: Yes. We are expecting because in the second half, there will not be further increase in fixed overhead costs. There will be increase in revenue, and the margins also will be on higher side. And sales mix also is going to change. The co-processed variants and then special grades will be on higher side in the next six months. That is the reason margins will increase, so that in the next half year, at least we can get improved margins. As of now, around 15% is there, but definitely there is an increase in second half considering the fixed expenses, fixed overheads, [Showing first 8,000 characters — download PDF for full document]