Analysts/Institutional Investor Meet/Con. Call Updates

6th November, 2026 To, To, National Stock Exchange of India Ltd, BSE Ltd., Exchange Plaza, C-1, Block-G Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Fort, Mumbai – 400051 Mumbai – 400001 NSE Code – JGCHEM BSE Code – 544138 Dear Sir(s)/Madam, Sub: Transcript of Earnings Conference Call for Financial Performance for the 2nd Quarter and half year ended September 30, 2026 held on Wednesday, November 4, 2026. Further to our letters dated 29th October, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions of the SEBI Listing Regulations, we are enclosing the transcript of the earnings conference call for the Financial Performance of the 2nd Quarter and half year ended September 30, 2026 held on November 4, 2026 at 16.00 Hrs (IST). This information will also be available on the Company’s website at www.jgchem.com. This is for your information and records. Thanking you, Yours faithfully, For J.G.Chemicals Limited Swati Poddar Company Secretary and Compliance Officer J. G. Chemicals Limited (An ISO 9001, 14001, 45001 CERTIFIED COMPANY) Adventz Infinity@5, Unit No. 1511, Street No. 18, BN Block, Sector – V, Salt Lake City, Kolkata – 700 091, India, Phone: +91 33 4415 0100 Email: cs@jgchem.com | Web: www.jgchem.com Mfg. of : “LUXMI”(UR) BRAND ZINC OXIDE CIN: L24100WB2001PTC093380 “JG Chemicals Limited Q2 FY27 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. ANIRUDH JHUNJHUNWALA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – JG CHEMICALS LIMITED MR. ANUJ JHUNJHUNWALA – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER – JG CHEMICALS LIMITED MR. AMIT AGARWAL – GENERAL MANAGER ACCOUNTS AND FINANCE – JG CHEMICALS LIMITED MODERATOR: MR. ANANTH JAYARAM – SKP SECURITIES LIMITED Page 1 of 23 JG Chemicals Limited November 04, 2026 Moderator: Good afternoon, ladies and gentlemen. Welcome to JG Chemicals Limited Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the management's opening remarks. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ananth Jayaram at SKP Securities Limited. Thank you, and over to you. Ananth Jayaram: Good afternoon, ladies and gentlemen. It's my pleasure to welcome you all on behalf of JG Chemicals Limited and SKP Securities to this financial results conference call. We have with us Mr. Anirudh Jhunjhunwala, MD and CEO; Mr. Anuj Jhunjhunwala, Whole-Time Director and CFO; and Mr. Amit Agarwal, General Manager, Accounts and Finance. We will have the opening remarks from the management, followed by the Q&A session. Thank you, and over to you, Anirudh. Anirudh Jhunjhunwala: Thank you. A very good afternoon to everyone, and a very warm welcome to JG Chemicals' earnings call for the second quarter and half year of the financial year 2027. We sincerely appreciate the time all of you have set aside today to join us. I am pleased to share that JG delivered its best ever quarterly performance in the current Q2 FY27, surpassing the previous record achieved in the Q1. Revenue, EBITDA and PAT each scaled new quarterly highs, driven by healthy demand across end-user industries, a favorable product mix and focused execution from our side. During the period, we continued to strengthen our core operations, expand our manufacturing capabilities, diversify our product portfolio and also deepen our presence across our key end user segments. Beyond our financial performance, I would also like to highlight JGC's distinct positioning in the zinc industry today. JGC is India's largest zinc recycling company and a leading manufacturer of zinc oxide, a value-added green chemical, today manufactured using recycled zinc. This combination of leadership in the zinc recycling business and manufacturing of value- added grades gives us a very differentiated position in the eyes of our customers. In the current environment, where sustainability, responsible sourcing and ESG commitments are becoming increasingly important for tire manufacturers, the use of green chemicals like zinc oxide and recycled materials is gaining greater relevance. Zinc oxide is a critical input in tire manufacturing and plays an important role in the performance and functional properties of the tire. The growing emphasis on sustainability across the tire value chain strengthens our relevance of our recycled zinc-based Page 2 of 19 JG Chemicals Limited November 04, 2026 manufacturing model and position JGC very favorably. We also believe that the zinc oxide industry in India is currently undergoing a gradual shift from the fragmented regional suppliers towards the smaller number of organized players capable of delivering consistent quality, customized grades and reliable large-scale supply chain. As India's largest player in the industry with an installed capacity of almost 77,000 metric tons per annum, JGC is very well positioned to benefit from this consolidation trend going forward. Our established customer relationships, manufacturing scale and technical capabilities provide us with a strong foundation to capitalize on these opportunities and further strengthen our leadership position in the industry. Now let me take you through the key developments during the quarter. Coming to our capacity expansion program, the Dahej greenfield project in Gujarat is an important milestone in the growth journey of your company. Phase 1, comprising approximately 15,000 metric tons per annum of zinc oxide capacity within the planned 40,000-plus metric tons facility, is nearing completion now with trial runs scheduled for next month. The focus thereafter will be on customer qualification and production ramp-up. At Naidupeta, our brownfield expansion remains on track for commissioning in the Q4 of '27. The project is expected to add approximately 5,000 metric tons to our existing manufacturing capacity. Together with Dahej and Naidupeta expansions are expected to increase our total zinc oxide capacity to approximately 79,900 tons per annum, providing capacity to support anticipated demand through FY28 and '29. Further growth will be supported by the planned Phase 2 expansion at Dahej. Further strengthening our long-term expansion plan, JG, through its material subsidiary, BDJ Oxides Private Limited, acquired approximately 16.74 acres of freehold land at Naidupeta in Tirupati District, Andhra during 2026. This land will provide additional flexibility to support future capacity expansion and accommodate our growth plans over the long term. Now moving to product development and R&D. Our focus continues to be on strengthening our specialized product portfolio and developing solutions for customer-specific requirements. We currently offer over 90 specialized grades of zinc oxide. The new R&D center at Naidupeta, which was inaugurated recently, has capabilities in new products and new grade development. Our approach remains centered on moving up the value chain through product customization and high-purity applications. During the H1 of FY27, we launched LabPure, our analytical grade zinc oxide on the e- commerce platform and also introduced a new product, namely JDZRA for non-tire rubber Page 3 of 19 JG Chemicals Limited November 04, 2026 applications. We have also applied for the patent of the rubber curing activator. Another important area of development is our JG TUR initiative, which is the Tire Upscaled Rubber. This represents our entry into the recycled rubber segment where we intend to convert the end-of-life tires into usable rubber material for the tire and rubber industry. This initiative is again aligned with the industry's increasing focus on incorporating recycled content and developing more sustain [Showing first 8,000 characters — download PDF for full document]