Investor Presentation issued by the Company in respect of Unaudited Financial Results of the Company for the quarter and half year ended on 30th September, 2026

06th November, 2026 To, To, Department of Corporate Services Listing Department BSE Limited, National Stock Exchange of India Limited, P. J. Towers, Dalal Street, Exchange Plaza, 5th Floor Plot No. C/1, Mumbai - 400 001 G. Block Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Security Code: 542460 Security ID: ANUP Symbol: ANUP Dear Sir/Madam, Sub.: Investor Presentation on Unaudited Financial Results of the Company for the Quarter and half year ended on 30th September, 2026 Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Investor Presentation issued by the Company in respect of Unaudited Financial Results of the Company for the quarter and half year ended on 30th September, 2026. The copy of Investor Presentation will also be made available on Company’s website i.e. https://www.anupengg.com/quarterly-report/. You are requested to take the above on your records. Thanking you, Yours faithfully, For, The Anup Engineering Limited Lay Desai Company Secretary Membership No.: A57117 Encl.: As Above The Anup Engineering Ltd. Investor Presentation Q2 & H1 FY27 6th Nov 2026 | Ahmedabad SAFE HARBOR Certain statements contained in this document may be statements of future expectations and other forward looking statements that are based on management‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. None of The Anup Engineering Limited or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. This document does not constitute an offer or invitation to purchase or subscribe for any shares and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. INVESTOR PRESENTATION H1 FY27 ABOUT THE GROUP THE LALBHAI GROUP – AT A GLANCE A USD 3 BILLION DIVERSIFIED ENTERPRISE WITH A STRONG PRESENCE ACROSS FOUR KEY GROWTH SECTORS OF THE INDIAN ECONOMY. Fashion and Retail Engineering Real Estate Creating Tomorrow's A Legacy of 100 years Powering Fashion in India Building Pride. Building Joy Innovations Today The Lalbhai Legacy The inception traces back to 1897 when Lalbhai Dalpatbhai initiated the establishment of a textiles firm, thereby founding The Saraspur Manufacturing Company. As part of the collective effort by Indian entrepreneurs during the Swadeshi Movement, Arvind Mill, the flagship company of the Lalbhai Group, was established in 1931, now demerged in to four listed entities of diversified business ventures, thereby fostering a positive cycle of value creation for stakeholders. INVESTOR PRESENTATION H1 FY27 CONTENT CONTENTS 1. Operational Highlights 2. Financial Performance – Q2 and H1 FY27 3. Outlook for Full Year FY27 4. Annexures OPERATIONAL 01 HIGHLIGHTS INVESTOR PRESENTATION H1 FY27 OPERATIONAL HIGHLIGHTS HIGHLIGHTS FOR Q2 & H1 FY27 • Consistent with our commentary during first quarter call, we delivered a strong sequential recovery, with revenue in Q2 growing 46% QoQ and improved EBITDA margins. • Revenue and EBITDA stood at ₹308 crore and ₹27 crore, respectively. • Geopolitical uncertainties led to elevated raw material costs, creating additional pressure on margins during the quarter. • Despite these challenges, we remained disciplined in our execution and pricing approach, prioritizing profitability and value creation over short-term volume growth. • EBITDA margins were impacted by lower revenue levels and the under-absorption of fixed costs; however, the underlying business fundamentals remained resilient. • Our order book, including Letters of Intent (LOIs), remained robust at ₹941 crore as on date, providing strong revenue visibility. • We secured orders exceeding ₹150 crore for thermal power plants, marking our entry into the elite group of manufacturers capableof supplying critical heat exchangers for this sector, which is expected to witness significant growth in the coming years. • In line with our strategy to expand into high-value niche segments, we secured orders for three proprietary licensed products. • Technical and site services business has gained good traction, with 3 site execution in progress. Currently on track for a revenue of about 50 crore this year from this profitable vertical. FINANCIAL PERFORMANCE – 02 Q2 AND H1 FY27 INVESTOR PRESENTATION H1 FY27 FINANCIAL PERFORMANCE –Q2 AND H1 FY27 FINANCIAL INDICATORS – CONSOLIDATED QoQ YoY H1 –YoY basis Q2 Q1 Q2 H1 H1 Particulars Change % Change % Change % FY27 FY27 FY26 FY27 FY26 Revenue from operation 182.4 125.2 45.7% 232.3 -21.5% 307.6 407.5 -24.5% EBIDTA 17.5 9.5 84.2% 51.5 -66.0% 27.0 91.8 -70.6% EBIDTA % 9.6% 7.6% 22.2% 8.8% 22.5% Profit Before Taxes 8.9 0.9 888.9% 43.0 -79.3% 9.8 78.3 -87.4% PBT % 4.9% 0.7% 18.5% 3.2% 19.2% Profit After Tax 6.6 0.6 1000.0% 32.0 -79.5% 7.2 58.3 -87.7% PAT % 3.6% 0.6% 13.8% 2.3% 14.3% Highlight of Q2 and H1FY27 ▪ Consistent with our commentary during first quarter call, we delivered a strong sequential recovery, with revenue in Q2 growing 46% QoQ and improved EBITDA margins. ▪ During H1 FY27, lower revenue levels impacted EBITDA margins due to the under-absorption of fixed costs. ▪ Elevated geopolitical tensions contributed to a 6% increase in raw material costs, creating additional headwinds for overall profitability. INVESTOR PRESENTATION H1 FY27 FINANCIAL PERFORMANCE –Q2 AND H1 FY27 CONSOLIDATED INDUSTRY WISE REVENUE SHARE IN H1 FY27 % Shows share in Business Oil & Gas Power & Energy Petrochemicals 57% 12% 10% Chemicals & Silos 11% 9% Fertilizers 7% Hydrogen INVESTOR PRESENTATION H1 FY27 FINANCIAL PERFORMANCE –Q2 AND H1 FY27 CONSOLIDATED REVENUE BIFURCATION H1 FY27 H1 FY27 H1 FY27 Product Market INR in Cr in % INR in Cr in % Heat Exchangers 157 51% Domestic 145 47% Vessels 113 37% Exports 149 49% Towers & Reactors 7 2% DE/SEZ 13 4% Tank & Silos 11 3% Total 308 100% Centrifuge & Others 21 7% Total 308 100% INVESTOR PRESENTATION H1 FY27 FINANCIAL PERFORMANCE –Q2 AND H1 FY27 BALANCE SHEET AS AT 30 SEPTEMBER 2026 INR in Cr Particulars Sep-26 Mar-26 Net Worth 678 691 Long Term Borrowings 22 34 Short Term Borrowings 53 61 [net of Cash and Liquid Investment] Non Current Liabilities 23 17 Current Liabilities 148 155 Total Liabilities 924 958 Net Fix. Assets, CWIP & ROU 399 393 Other Non-Current Asset 9 13 Current Assets 516 552 Total Assets 924 958 OUTLOOK FOR FY27 INVESTOR PRESENTATION H1 FY27 OUTLOOK FOR FY27 PENDING ORDERBOOK AS ON 06TH NOVEMBER Product Category INR in Cr in % Market INR in Cr in % Heat Exchangers 553 59% Domestic 630 67% Vessels 258 27% Exports 311 33% Towers & Reactors 40 4% Total 941 100% Storage Tank & Silos 8 1% Centrifuge & Others 82 9% Total 941 100% INVESTOR PRESENTATION H1 FY27 OUTLOOK FOR FY27 OUTLOOK FOR FY27 Healthy pending orderbook (including LOI) of ₹941 Cr as on date(of which ~₹390 Cr booked for FY28) Orderbook between Domestic (67%) and Exports (33%), suggesting pick up in domestic demand. Encouraging Order inquiry pipeline of ₹1200 Cr, including sector of Oil Gas, Fertilizer, Thermal power and Clean energy storage, providing good opportunities in the coming month to secure our 20% growth plan for next year. With large Thermal Power projects on the cards, this segment is poised for a strong growth for at list 3 years. Our strong presence now provide good opportunity. Good traction seen in the Clean energy storage project at specially in USA, this should be about 20% of our revenue next year. Considering the current global volatile business scenarios due to wars & geopolitics, the focus of the company this y [Showing first 8,000 characters — download PDF for full document]