Analysts/Institutional Investor Meet/Con. Call Updates

GANESHA ECOSPHERE LIMITED GESL/2026-27I November 6, 2026 The BSE Limited, National Stock Exchange oflndia Limited Corporate Relationship Department, Exchange Plaza, lst Floor, New Trading Wing, Bandra-Kurla Complex, Rotunda Building, Bandra (East), PI Towers, Mumbai-400051. Dalal Street, Fort, Tel No.: 022-26598100-8114/ 66418100 Mumbai-400 001. Fax No.: 022-26598237/38 Fax No.: 022-22723121, 22722037 Scrip Symbol: GANECOS Scrip Code: 514167 Sub: Transcript of Q2 & Hl FY2027 Earnings Conference Call held on November 2, 2026. Dear Sir/ Ma'am, Please find enclosed herewith transcript of Q2 & HI FY2027 post results Earnings conference call held on November 2, 2026 pertaining to C:omp;my'" Unaudited Standalone & Con3olidatcd Financial Results for the quarter and half year ended Septemh~r 10, ?0?6 Please take the above on record and oblige. Thanking yol.I, Yours faithfillly, For Ganesha Ecosphere Limited (Bharat Kumar Sajnani) Company Secretary-cum-Compliance Officer Encl: As above Regd. Office & Works: Raipur (Rania), Kalpi Road, Distt. Kanpur Dehat-20~ 304 •Cell: 9198708383 Admn. Office: 113/216-B, Swaroop Nagar, Kanpur-208 002, India• Tel..+91-512-2555505-06 E-mail: gesl@ganeshaecosphere.com •Website: www.ganeshaecosphere.com • CIN: L51109UP1987PLC009090 Ganesha Ecosphere Limited Q2FY27 Earnings Conference Call November 02, 2026 MANAGEMENT: MR. GOPAL AGARWAL – CHIEF FINANCIAL OFFICER – GANESHA ECOSPHERE LIMITED MR. PRASHANT KHANDELWAL – SENIOR VICE PRESIDENT – GANESHA ECOSPHERE LIMITED MR. YASH SHARMA – DIRECTOR – GANESHA ECOPET PRIVATE LIMITED MODERATOR: MR. MANISH MAHAWAR – ANTIQUE STOCK BROKING LIMITED Page 1 of 15 Ganesha Ecosphere Limited November 02, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Ganesha Ecosphere Limited Q2 FY '27 Earnings Conference Call hosted by Antique Stock Broking. 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 the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Manish Mahawar from Antique Stock Broking. Thank you, and over to you, sir. Manish Mahawar: Thank you, moderator. I am pleased to host today's earnings call of Ganesha Ecosphere. From the management, we have Mr. Gopal Agarwal, CFO; Mr. Prashant Khandelwal, Senior Vice President; and Mr. Yash Sharma, Director, Ganesha Ecopet, on the call. Without any delay, I would like to invite Mr. Yash Sharma to start with opening comment. Thank you, and over to you, Yash. Yash Sharma: A very good afternoon to everyone, and a very warm welcome to all the participants for joining. So thank you for joining and for your continued interest in Ganesha Ecosphere. I hope all of you had the opportunity to go through our results as well as the investor presentation. We are pleased to report that another quarter of healthy progress with our performance remaining broadly in line with the direction and the growth strategy that we had outlined at the beginning of the year. Demand remained encouraging across both our legacy business as well as subsidiary operations, supporting better volumes and improved revenue performance during this quarter. On a sequential basis, the consolidated revenue has grown by 21.1%, while the standalone revenue has increased by 20.7%. On a year-on-year basis, the consolidated revenue has increased by 41.2%, while the standalone revenue has increased by 22%. Overall, in the first half FY '27, the turnover has increased by 33.7% on the consol basis. Consolidated sales volume increased to 49,382 metric tons from 40,113 metric tons during the last quarter. Standalone sales volume has also grown significantly to 31,808 tons from 25,321 metric tons achieved during the quarter The operating environment, however, has remained quite volatile. During the quarter, both the PET bottle scrap prices as well as the finished product prices have witnessed sharp fluctuations, which was primarily driven by movements in crude oil and polymer markets owing to the ongoing geopolitical developments in the West Asia, resulting in a significant volatility across the value chain. Despite these challenges, we have been able to maintain the business momentum and healthy margins. Coming to our performance, the standalone business continued to operate strongly with plant utilization of about 99% during this quarter. The Warangal facility operated at around 67% utilization during this quarter. Healthy demand and operational efficiency supported the performance despite the volatile raw material environment. From a financial perspective, we have achieved a standalone EBITDA of INR24.51 crores and consolidated EBITDA of INR60.6 crores during Q2 FY '27, which is an increase of 200% and 172% respectively, over the corresponding last quarter. During Q1 FY '27, standalone EBITDA per ton was INR9,396 as compared to INR7,704 earned during the Q2 and consol EBITDA per ton was INR14,902 as against INR12,281 earned during the current quarter. It was mainly due to the inventory gains during Q1 and loss of rPSF production at Page 2 of 15 Ganesha Ecosphere Limited November 02, 2026 Warangal unit faced because of the fire incident in the rPSF. On the half yearly basis, we achieved consolidated EBITDA of INR120.42 crores as against INR58.63 crores during the last corresponding FY. We generated operating cash flows of INR56.91 crores during H1 FY '27, reflecting the strength of our business model and our continued focus on profitable growth and cash generation. Our fourth rPET granule production line at Warangal unit got the FSSAI approvals for food grade applications and has thus become eligible to cater to the growing food-grade packaging market. In August '26, we got a setback due to the fire incident at the rPSF division of our Warangal facility. This resulted in the halting of the operations causing production and profitability losses, while the fixed costs continue to be incurred. Quantum of loss is still under assessment, though it is adequately covered under insurances. Restoration activities are progressing as planned, and we expect the affected operations to be reinstated by Q4 FY '27. Looking ahead, our growth and expansion plans remain firmly on track. The fifth rPET granules production line is currently under installation and is expected to be commissioned during Q4 of FY '27. This will further enhance our capacity and strengthen our ability to serve the increasing demand for high-quality food-grade rPET products. We are also shifting our Kanpur rPSF production line to our Temra unit to improve the operational efficiencies, optimize costs and create a more integrated manufacturing setup. Overall, we are very encouraged by the performance delivered during the first half of FY '27. Demand fundamentals remain quite healthy. Our expansion projects are progressing as scheduled, and we believe the momentum witnessed during the first half of the year should continue through the remainder of FY '27 as well. Thank you once again to everyone for joining us today. We will be happy to take any questions now. Thank you. Moderator: Thank you very much. First question is from the line of Dheeraj Ram from 360 ONE Capital. Please go ahead. Dheeraj Ram: Congratulations for good set of numbers. Sir, could you please let me know the current change in demand scenario for rPET and if any new FSSAI approved recyclers that have got approval in 2Q? Yash Sharma: Yes, sure. Thank you. So the current demand of rPET remains quite strong and healthy due to the elevated polymer prices overall currently. Also now the government mandate of using 40% recycled content is definitely in place and all the players in the industry are looking to follow the mandates. Secondly, yes, definitely, there have been new capacities which have come [Showing first 8,000 characters — download PDF for full document]