General Updates

Date: 07th November 2026 To To Listing Department Listing Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street Exchange Plaza, C-1, Block G Mumbai – 400 001 Bandra Kurla Complex Bandra (E), Mumbai – 400 051 Script Code: 544633 Trading Symbol: VIDYAWIRES Dear Sir/Madam, Subject: Submission of Transcript of Earnings Conference Call held on 05th November 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of Earnings Conference Call held on 05th November 2026. Kindly take the same on your record. Thank you, For Vidya Wires Limited Jaya Ashok Bhardwaj Company Secretary and Compliance Officer M. No. A37912 “Vidya Wires Limited Q2 FY2027 Earnings Conference Call” November 05, 2026 Management: Mr. Shailesh Rathi - Managing Director Mr. Naveen Pachisia – Chief Financial Officer Mr. Mohammed Sheikh Sahil - IDBI Capital Markets & Securities Limited Page 1 of 11 Vidya Wires Limited November 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to Vidya Wires Limited’s Q2 FY2027 Earnings Conference Call. Please note 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. Please note that this conference is being recorded. With that, I hand over the call to Mr. Mohammed Sheikh Sahil from IDBI Capital Markets and Securities Limited. Thank you and over to you. Mohammed S Sahil: Good evening, everyone. On behalf of IDBI Capital, we welcome you for Q2 FY2027 conference call of Vidya Wires. On the call from the management team, we have Mr. Shailesh Rathi, Managing Director, and Mr. Naveen Pachisia, CFO. Now, I would request Mr. Shailesh Rathi for his opening remarks and after that we can open the floor for Q&A. Over to you, Sir! Shailesh Rathi: Good afternoon, everyone and thank you for joining the Vidya Wires results call for the second quarter and first half of FY2027. Our results have been filed with the Stock Exchanges and are on our website as well. Many of you have heard me describe our Company and our industry on the earlier calls and at our AGM in September. I will not go over that again today. I want to use my time on where we stand in ALCU, our investment and our focus for the second half. On a consolidated basis, the revenue for the half was $11,306 million up by 43% (audio cut) 0:01:40 half last year, and profit after tax was $319.7 million. Naveen will take you through the details. Let me start with ALCU, because that is where most of our questions will be. ALCU makes two family of products, copper and aluminium, and they are at different stages. Copper is ramping up well. Within 8 months of starting production in February, the copper lines are already running at a healthy share of their capacity and output has risen each month. On aluminium, testing of the lines is ongoing, customers are approving our products and more approvals are in process. As these approvals turn into regular orders, aluminium volumes will build up from the end of the third quarter. The new products we launched at ALCU in February are moving well. EV, round ripple and aluminum paper-covered are now being supplied to customers on regular orders. ALCU now has production lines installed for aluminium enameled wires and strips, paper-covered aluminium strips, PV ribbon for solar modules, and copper busbars and foils. I am also pleased to tell you that we have started exports from ALCU. The first shipments have gone to Israel and Nepal. This is an early step towards our aim of exports making up a quarter of our revenue once the expansion is complete. In the AGM, I said we expected to start CTC this year. The plant is now close to complete and we expect to begin CTC production by the end of the third quarter, that is by December Page 2 of 11 Vidya Wires Limited November 05, 2026 mid. CTC is going to large power transformer, so it adds to an important product to our range for the transformer industry. We expect CTC to start contributing to revenue from the fourth quarter. With most of our installation and construction work in ALCU is finishing by December, our now full attention is in the second half moves towards the sales. Customers are already visiting ALCU to audit the plant and these visits will continue as more products comes for approval. Our task is now to turn these audits and approvals into steady orders. They are also offering the new products made to help you to our existing customers of Vidya Wires, so they can buy a wider range from one supplier. Outside India, we will look to add more customers in more countries for ALCU products. We will update you on the progress on the next call. I now hand over to Mr. Naveen. Naveen Pachisia: Thank you, Shailesh ji. Good afternoon, everyone. All figures are consolidated. For the second quarter, revenue from operation was 5809.4 million, up 52.5% from Rs.3809.4 in the same quarter last year and up by 5.68% from the first quarter. EBITDA was $239.55 million, profit after tax was $148.4 million, so the half-year revenue was Rs.11,306.5 million against 7927 million, H1 of FY2025-2026, a growth of 42.63. EBITDA was Rs.491.8 million against Rs.382.64 million. Profit after tax was 319.7 million against Rs.225.3 million. These results include ALCU’s first half year of operation. (audio cut) 0:07:32. Most of the extra contribution will come to profit. The IPO funds set aside for the ALCU capex are being used as planned. The amount not yet spent is kept in fixed deposits. We expect the capex to be largely complete by the end of the third quarter in line with the planned completion Shailesh ji spoke about it. Our results for half year carry the full cost of ALCU while its volumes are still building. As copper volumes rise, aluminium approvals turn into orders and CTC starts, we expect this to show enough profits over the coming quarters. We are now happy to take your questions. Thank you. Moderator: Thank you, sir. Ladies and gentlemen, we will now begin with the question-and-answer session. Anyone who wishes to ask a question may click on the raise hand icon from the participants tab on your screen. Requesting participants to be precise and ask two questions each. We will take our first question. We have Mr. Adityapal Jaggi of MSA Capital Partners. Yes, go ahead. Adityapal Jaggi: Thank you so much for the opportunity. Sir, just wanted to understand from you. So, ALCU is now contributing close to 20% of our Q2 revenues it was Rs.60 Crores in Q1, Rs.110 Crores in Q2 and because as you said there is a higher margin product, higher EBITDA per kg product how should I look at the Company’s overall spend and overall EBITDA margins because in previous call also we said that these are high margin products and I understand that the copper prices is going up because of which our margin might look distorted on the Page 3 of 11 Vidya Wires Limited November 05, 2026 P&L, but if I am looking from an EBITDA per kg that is in FY2026 we exited with around about Rs.47-48 EBITDA per kg what would be the EBITDA per kg today and what would be the spends per kg today? So, that was my first question, Sir. Adityapal Jaggi: Can you repeat, Sir? Shailesh Rathi: If you can repeat. Adityapal Jaggi: My question was that in FY2026, we said that ALCU is one of the high margin products and now 20%, 18% to 20% of Q2 revenues have come from ALCU and ALCU is ramping up really well, but the same is not being seen in the P&L, in FY2026 we exited with 47-48 EBITDA per kg these are high margin products, so EBITDA per kg should be higher, so, how should one understand this? That is what I am trying to understand. Naveen Pachisia: You are looking at EBITDA per kg on a consolidated basis or on a standalone basis? Adityapal Jaggi: Yes, Sir. EBITDA per kg on a consolidated basis, but I have got FY2026 numbers I did not have FY2027 H1 nu [Showing first 8,000 characters — download PDF for full document]