Analysts/Institutional Investor Meet/Con. Call Updates

To, Date: 6th November, 2026 BSE Limited. National Stock Exchange of India Limited, P. J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai-400001 Bandra (E), Mumbai- 400051 (BSE Scrip Code: 543270) (NSE Symbol: MTARTECH) Dear Sir/ Madam, Sub: Disclosure under SEBI (Listing and Disclosure Requirements Regulations, 2015) Transcript of Earnings call held on 30.10.2026. Unit: MTAR Technologies Limited ISIN: INE864I01014 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Please find enclosed the transcript of the earnings conference call conducted on Friday, 30th October, 2026 at 11:00 a.m. (IST). The transcript of the earnings call is also available on website of the company i.e., www.mtar.in You are requested to kindly take the aforesaid on your record. This is for your information and records. Thanking you, For MTAR Technologies Limited Priyanka Agarwal Company Secretary and Compliance Officer M. No.: A76000 Encl: As above “MTAR Technologies Limited Q2 & H1 FY27 Earnings Conference Call” October 30, 2026 MANAGEMENT: MR. SRINIVAS REDDY – MANAGING DIRECTOR AND PROMOTER – MTAR TECHNOLOGIES LIMITED MR. GUNNESWARA RAO – CHIEF FINANCIAL OFFICER – MTAR TECHNOLOGIES LIMITED MS. SRILEKHA JASTHI – HEAD, STRATEGY AND INVESTOR RELATIONS – MTAR TECHNOLOGIES LIMITED ORIENT CAPITAL – INVESTOR RELATION PARTNERS – MTAR TECHNOLOGIES LIMITED MODERATOR: MS. VIDHI VASA – MUFG INTIME Page 1 of 19 MTAR Technologies Limited October 30, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the MTAR Technologies Limited Q2 and H1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this 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 Ms. Vidhi Vasa from MUFG Intime. Thank you, and over to you, ma'am. Vidhi Vasa: Thank you. Good morning, everyone. On behalf of MTAR Technologies, I extend a very warm welcome to all the participants for Q2 and H1 FY27 Earnings Discussion Call. Today on our call, we have Mr. Srinivas Reddy, Managing Director and Promoter; Mr. Gunneswara Rao, Chief Financial Officer; and Ms. Srilekha Jasthi, Head, Strategy and IR. I hope everyone had an opportunity to go through our investor deck and press release that we have uploaded on the exchange and on the company's website. I would like to give a short disclaimer before we begin the call. This call may contain some of the forward looking statements, which are completely based upon our beliefs, opinion and expectations as of today. These statements are not a guarantee of our future performance and involve unforeseen risks and uncertainties. Now I hand over the call to Srinivas sir. Over to you, sir. Srinivas Reddy: Hello, and good morning to everyone. Thank you for taking the time to join us today. Today on the call, I'm joined by Mr. Gunneswara Rao, Chief Financial Officer; Ms. Srilekha Jasthi, Head, Strategy and Investor Relations; and Orient Capital, our Investor Relations Partners. We have uploaded our updated investor deck, press release and results highlights on the stock exchanges and the company website. I hope everybody had an opportunity to go through the same. I'm pleased to share that we have delivered another strong quarter, continuing our track record of consistently surpassing the performance of previous quarters. During Q2 FY27, we reached a revenue of INR406.8 crores with an EBITDA margin of 24.4% and a year-on-year EBITDA growth of 483.3%, reflecting our record quarterly performance and sustained growth momentum. We expect this momentum to continue into the second half of the fiscal year with H2 of FY27 anticipated to be stronger than H1, supported by our robust order book and continued focus on execution. However, our growth journey is not merely about delivering a robust set of financial numbers. It's equally about strengthening our presence across key business segments, building differentiated capabilities and strategically positioning ourselves in high-growth sectors ahead of broader market adoption. Over the decades, we have established a strong reputation for our niche product portfolio and our ability to identify emerging opportunities, develop specialized capabilities and establish an early presence in sectors with significant long-term growth potential. This forward-looking approach continues to remain an integral part of our business model and long-term growth strategy. Page 2 of 19 MTAR Technologies Limited October 30, 2026 Against this backdrop, I would like to share our outlook on emerging opportunities across our business segments, including: clean energy, comprising of civil nuclear and fuel cells; aerospace and defense; along with the progress we are making in our new business verticals like data center infrastructure solutions, oil and gas, which we believe will contribute to our next phase of growth as well. Starting with civil nuclear, as you're all aware, we are building specialized capabilities for this sector since the inception of our company. Over the decades, we have patiently invested in strengthening our manufacturing capabilities, and we now see significant opportunities emerging as Government of India targets to achieve 100 gigawatts of nuclear power capacity by 2047. We have a closing order book of INR820 crores, supported by order inflows from Kaiga and Gorakhpur and also from the refurbishment programs. As you're aware, we have played a significant role in prototype fast breeder reactor program, having supplied the majority of the assemblies for the reactor core. Leveraging this technology expertise, we have also submitted our budgetary quotations for the upcoming fast breeder reactor program with tenders expected to be floated over the coming years. In addition, the company is actively submitting quotations to private sector players, intending to bid for the 4 proposed 700-megawatt nuclear reactors at Mahi Banswara, further strengthening our pipeline of opportunity in the civil nuclear program. With respect to execution of our existing orders, we expect a meaningful ramp-up during H2 FY27, followed by a significant revenue growth from FY28 onwards. Given our long-standing experience, established capabilities and strong positioning in this sector, we believe civil nuclear will be an important growth driver for the company in the coming years. Moving on to clean energy. Fuel cells sector continues to witness accelerated growth, supported by strong industrial tailwinds and increasing demand for reliable and sustainable power solutions. Our Phase 2 capacity expansion is nearing completion with the facility expected to be operational by end of November. Phase 3, which will enhance our manufacturing capacity multi- fold, will be housed in a new dedicated facility with the overall expansion expected to be completed by June 2028. As discussed during our previous earnings call, the facility being developed for fuel cells is designed to accommodate multiple products under one roof, enabling us to achieve greater scale, improved operational efficiency and better utilization of resources. In parallel, we have significantly strengthened our workforce by onboarding skilled personnel to support the anticipated growth. We have substantially completed our training activities and made considerable progress in implementing various automation processes in the manufacturing area, and these initiatives are aimed at improving productivity and supporting a seamless ramp-up in production as capacities will be in place in the near future. The company also continues to witness a stable growth in Page 3 of 19 MTAR Technologies Limited October 30, 2026 hydropower and wind energy segments as well, and we [Showing first 8,000 characters — download PDF for full document]