Analysts/Institutional Investor Meet/Con. Call Updates

November 06, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Listing Department, 1st Floor, New Trading Ring, Exchange Plaza, C-1, Block - G, Rotunda Building, P.J. Towers, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001. Bandra (East), Mumbai - 400 051. Scrip Code: 500350 Scrip Code: RSWM CIN: L17115RJ1960PLC008216 Subject: Transcript of Q2 & H1 FY27 Earnings Conference Call held on Tuesday, November 03, 2026. Dear Sir, Please refer to our Earnings Conference Call, scheduled for Tuesday, November 03, 2026, at 4:00 PM (IST), as intimated in our letter dated October 23, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Q2 & H1 FY27 Earnings Conference Call transcript. The transcript is also available on the company's website: www.rswm.in You are requested to take the same on record. Thank you. Yours faithfully, For RSWM LIMITED SURENDER GUPTA CHIEF COMPLIANCE OFFICER & COMPANY SECRETARY FCS-2615 rswm.investor@lnjbhilwara.com (Formerly Rajasthan Spinning & Weaving Mills Limited) Corporate Office: Registered Office: Bhilwara Towers, A-12, Sector-1, Kharigram, Post Office Gulabpura - 311021, Noida - 201301, NCR-Delhi, India Dist. Bhilwara, Rajasthan, India Tel: +91-120-4390300 (EPABX) Tel: +91-1483-223144 to 223150, 223478 Fax: +91-120-4277841 Fax: +91-1483-223361,223479 W: www.rswm.in W: www.lnjbhilwara.com GSTIN: 09AAACR9700M1Z1 GSTIN: 08AAACR9700M1Z3 Page 0 of 16 RSWM Limited Q2 & H1 FY27 Earnings Conference Call Transcript Tuesday, November 03, 2026 Management Team  Mr. Rajeev Gupta, JMD  Mr. Manoj Bansal, CTO & CRO  Mr. Nitin Tulyani, President & CFO  Mr. Surender Gupta, Chief Compliance Officer & Company Secretary  Mr. Rakesh Jain, Senior General Manager - Corporate Finance 1 | Pag e Moderator: Ladies and gentlemen, good evening and welcome to the RSWM Limited Q2 and H1 FY '27 Earnings Conference Call hosted by Rik Capital. As a reminder, all participant lines will be in the listen-only mode and you will have the opportunity to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing *, then 0 on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Richa Singh from Rik Capital for management introduction. Thank you and over to you. Richa Singh: Thank you, Yashashvi. Good evening, everyone. Today from the management, we have Mr. Rajeev Gupta - Joint Managing Director; Mr. Manoj Bansal - Chief Transformation and Risk Officer; Mr. Nitin Tulyani - President and CFO; Mr. Surender Gupta - Chief Compliance Officer and Company Secretary; Mr.Rakesh Jain, Senior General Manager-Corporate Finance. Before we begin, I would like to remind everyone that today's discussion may contain forward-looking statements. These statements are based on companies' current expectation assumptions regarding future events are subject to various kinds of risk and uncertainty. Actual results may differ materially from those expressed or implied in the statement. We encourage participants to refer to Company’s file linked with Stock Exchange for detailed discussions for the risk factor. I would now like to hand over the call to Mr. Rajeev Gupta for his opening remarks followed by Mr. Nitin Tulyani for financial performance for the quarter. Thank you and over to you, sir. Rajeev Gupta: Good evening, everyone. So, I welcome you all to RSWM's Q2 & H1 FY27 Earnings Call. Today, I will briefly discuss the economic environment, key developments in the Indian textile industry during the quarter and half year ended 30th September and important developments at RSWM. During Q2 FY27, the textile industry continues to face challenges arising from geopolitical tensions in West Asia, including US, Israel, Iran conflict. These developments created uncertainty in the international trade and disruptive supply chains. Our ocean trades and fluctuations in energy prices added pressure to transportation and manufacturing costs. At the same time, rising polyester prices increased the input cost for synthetic yarn and fabric manufacturing, while the ability to pass these increases to the customers 2 | Pag e remained limited, putting pressure on our margins. Export markets also experienced disturbance in order flow, making order planning and shipment schedules more challenging. For H1 FY27, India's textile and apparel exports recorded moderate growth, supported by cotton and man-made textile products, while apparel exports is experiencing slowdowns in demand, reflecting uneven performance across the value chain of textiles. These trends highlight the importance of managing export competitiveness, diversifying markets and responding to the changing demand conditions. Going forward, raw material price movements and developments in key export markets will remain important factors influencing the textile industry's performance. The Indian economy remained resilient during Q2 FY27, despite geopolitical tensions, inflationary pressures and uncertainty in international markets. These factors continue to influence overall global trade, commodity prices and business achievements. In India, economic activity remains supported by the strong domestic consumption, manufacturing and service sectors. The Reserve Bank of India projected GDP growth of 7.1% for FY27. Moderator: I am sorry to interrupt, sir. There is some disturbance and you are sounding distant. Can you come closer to the microphone, please? Rajeev Gupta: During the quarter, the RSWM continued its transformation journey on 2.0 to strategize exports to domestic stations, remain agile, productive and sustain performance in spite of challenges. There has been a focus on the following directions to ensure improved performance in Q2. A key focus has been on prioritizing profitability over the volume-led expansion that we discussed during the last call also. The company has rationalized products which were not generating adequate returns and its focus on high-value segments continued. The better utilization of existing performance assets of manufacturing, productivity improvements, tighter working capital management are also the central of this transformation journey. RSWM's diversified portfolio across Synthetic, Cotton, Blended and Melange yarns, Denim and Knitted fabrics helps to cater different customers' requirements and the different market segments. Investments in automation, digitalization, manufacturing modernizations are aimed to improve the process visibility as well as the feasibility for operational efficiencies. All these initiatives have helped the company to improve its asset utilization and profitability as reflected in Q2 results wherein we could register 15% revenue growth in this period and EBITDA grew at 47% to ₹115.9 crores while the PAT increased to ₹24.5 crores from ₹6.3 crores in Q2 last year. 3 | Pag e Now, if we look at the future outlook, RSWM and sustaining this momentum currently, the RSWM 2.0 transformative program which is built around people, process, planet and profit will remain the center of the company's activities in this phase of growth. The focus is on improving utilization, listing capacities, particularly in Knitting and Melange while expanding the value- added textile and downstream manufacturing. The new product development, sustainable and recycled fibers are differentiated fabric offerings that expect to create more additional opportunities for us. The global supply chain diversification and improving the trade assets largely through FTAs present a great opportunity for Indian textile manufacturers. However, geopolitical developments, export uncertainties, raw material volatilities and competition will continue to require a calibrated approach throughout quarter 3 and 4. Our major objective is to build a stronger, more agile, pr [Showing first 8,000 characters — download PDF for full document]