Submission of Transcript of Q2 FY27 Earnings Conference Call held on 02nd November 2026

November 07, 2026 To, To, National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Bandra-Kurla Complex, Bandra (East), Towers, Dalal Street, Mumbai – 400051 Fort, Mumbai – 400001 NSE Symbol: QPOWER BSE Scrip Code: 544367 ISIN: INE0SII01026 Dear Sir/Madam, Sub.: Submission of the Transcript of Q2 FY27 Earnings Conference Call held on 02nd November 2026. Pursuant to Regulation 30 and 46(2)(oa) read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of Q2 FY27 Earnings Conference Call that was organized with the Analysts/Investors on Monday, November 02, 2026, at 12.30 P.M. (IST) on Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter and Half Year Ended September 30, 2026. The aforementioned transcript of the ‘Q2 FY27 Earnings Conference Call’ is also uploaded on the Company’s website i.e. www.qualitypower.com. We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations. Thanking you, Yours faithfully, For Quality Power Electrical Equipments Limited Deepak Ramchandra Suryavanshi Company Secretary & Compliance Officer ICSI Membership No.: A27641 Place: Sangli “Quality Power Electrical Equipments Limited Q2 FY27 Earnings Conference Call” November 02, 2026 MANAGEMENT: MR. BHARANIDHARAN PANDYAN – JOINT MANAGING DIRECTOR – QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED MR. SANJOG MHATRE – CHIEF EXECUTIVE OFFICER – QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED MR. RAJESH JAYARAMAN – CHIEF FINANCIAL OFFICER – QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED MRS. SARIKA JADHAV – SENIOR VICE PRESIDENT, FINANCE – QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED MODERATOR: MR. PERIT – MOTILAL OSWAL FINANCIAL SERVICES Page 1 of 25 Quality Power Electrical Equipments Limited November 02, 2026 Moderator: Ladies and gentlemen, good day and welcome to Quality Power Electrical Equipments Limited Q2 FY27 Earnings Conference Call, hosted by Motilal Oswal Financial Services Limited. 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 touch-tone phone. Please note, this conference is being recorded. I now hand the conference over to Mr. Perit. Thank you, and over to you, sir. Perit: Thank you. Good afternoon, everyone. On behalf of Motilal Oswal Financial Services Limited, I welcome you all to the Q2 FY27 Earnings call of Quality Power Electrical Equipments Limited. Firstly, I would like to thank the management for giving us the opportunity to host the call and congratulate them on a healthy set of results. From the management side, we have Mr. Bharanidharan Pandyan, Joint MD; Mr. Sanjog Mhatre, CEO; Mr. Rajesh Jayaraman, CFO; and Mrs. Sarika Jadhav, Senior VP, Finance. Without taking much time, I now hand over the call to the management for their opening remarks, after which we will open the floor for Q&A. Over to you, sir. Moderator: Sir, you are not audible. Bharanidharan Pandyan: Our manufacturing expansions, the progress at Win-Win Specialty Insulators and our capital allocation priorities. Let me begin with our manufacturing operations. The past quarter has been particularly demanding for our organization. We were simultaneously managing the final stages of commissioning two manufacturing facilities, obtaining regulatory approvals, completing multiple audits, meeting customer commitment and resolving the challenges that arise when large industrial projects transition into operations. These activities have required considerable coordination across our businesses, often under demanding timelines. I would like to acknowledge the efforts of our teams across engineering, manufacturing, quality, procurement, finance and project execution, who have managed these responsibilities alongside our ongoing operations. Establishing manufacturing capacity is one part of an investment. Bringing that capacity into commercial operations, qualifying it with customers, and achieving consistent production output is equally important. Our attention is now firmly directed towards these priorities. At Sangli, our global coil factory commenced manufacturing operations on 20th of October. The date also marked 25 years since Quality Power commenced operations, its journey on Dussehra in 2001. It was a fitting occasion to bring our new manufacturing facility into operation, marking another stage in the company's industrial expansion. We have commenced winding operations on three machines, completed the first round of ISO audit and are preparing for final customer audits scheduled to start from the end of November. With the commissioning phase substantially behind us, our priorities are centered on production stabilization, customer qualification, workforce productivity and capacity utilization. These investments expands into -- this investment expands our manufacturing infrastructure for high- Page 2 of 25 Quality Power Electrical Equipments Limited November 02, 2026 voltage reactors up to 1,050 kV and enables us to address larger and more technically demanding customer requirements. In Turkey, our new PCS factory for BESS applications at Nigde has also commenced manufacturing operations. The facility is already operating in full manufacturing mode, with production activities aligned to customer projects. Billing may commence during the current quarter, subject to completion of contractual milestones and customer acceptance requirements. With these two facilities entering operations, we have reached an important stage in our manufacturing investment program. The focus now moves from capacity creation to capacity utilization, operational efficiency and commercial execution. Moving to Win-Win Specialty Insulators, the development at Win-Win over the past 2 months deserves particular mention. The team has successfully completed type tests in accordance with applicable American and European standards for porcelain insulators up to 400 kV within the last 2 months. At the same time, Win-Win has also secured orders for 800 kV HVDC porcelain insulators and also 765 kV AC and 400 kV AC applications from all the large Indian utilities and equipment manufacturers, including Power Grid. These activities are significant in a business where technical qualification, manufacturing capability and customer acceptance are fundamental to securing orders. The response from customers has been encouraging and reinforces our assessment of the market opportunity for high-voltage porcelain insulators. I would like to specifically acknowledge the engineering, testing, manufacturing and commercial teams at WS Insulators for achieving these milestones while acquisition process remains underway. We are now beginning the process of integrating the teams and aligning customer relationships, technical capabilities, and operational systems. Our approach is -- our approach will be to preserve the manufacturing strengths and customer relationships established at WS, while leveraging the broader market presence of Quality Power. Let me address our capital raising plans through QIP. We are progressing with preparations for the proposed QIP and are targeting November, subject to regulatory approvals, market conditions, and other applicable requirements. Our capital allocation priorities are focused on four areas. First, completing the proposed acquisition of Winwin Specialty Insulators. Second, support the expansion of manufacturing capacity and infrastructure at WS Insulators to address its growing product and customer requirement. Third, continuing investments in Quality Power capacities, especially for manufacturing a [Showing first 8,000 characters — download PDF for full document]