Submission of transcript of earnings call held on Wednesday, 04th November 2026 at 11:00 AM.

09th November, 2026 The Corporate Relations Department BSE Limited P. J. Towers, Dalal Street, Mumbai-40000, Maharashtra Scrip Code: 544213 Subject: Submission of Transcript of the Earnings Conference call held on Wednesday, 04th November 2026 at 11:00 AM. Dear Sir/Madam, In continuation of our earlier letter dated 04th November, 2026 informing about the Video/Audio link of the Earnings Conference Call and Pursuant to Regulation 30 of Securities Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Company is hereby submitting transcripts of Earnings Conference call which was held on Wednesday, 04th November 2026 at 11:00 AM to discussed the unaudited (Standalone & Consolidated) Financial Results of the Company for the Half Year ended on 30th September, 2026. Kindly acknowledge and take the same on records. Thanking you, Yours’ Faithfully, FOR AELEA COMMODITIES LIMITED DEVYANI FENIL VANAPARIYA Company Secretary & Compliance Officer ACS – 75688 Encl: As Above REGISTERED OFFICE Office No 21, 2nd Floor, Jolly Maker C, Nariman Point, Mumbai - 400021, Maharashtra, India Email id - info@aeleacommodities.com Website – www.aeleacommodities.com Contact No. - 022 66340989 Aelea Commodities Limited H1 FY27 Earnings Conference Call 04th November2026 MANAGEMENT: MR. HOZEFA JAWADWALA – CHAIRMAN & MANAGING DIRECTOR – AELEA COMMODITIES LIMITED MR. ASHOK PATEL – WHOLE-TIME DIRECTOR & CHIEF FINANCIAL OFFICER – AELEA COMMODITIES LIMITED MR. SATYANARAYAN PATRO – WHOLE-TIME DIRECTOR & CHIEF OPERATING OFFICER – AELEA COMMODITIES LIMITED MS. DEVYANI VANAPARIYA – COMPANY SECRETARY & COMPLIANCE OFFICER – AELEA COMMODITIES LIMITED HOST: MS. VAISHNAVI VAITY – AKMIL STRATEGIC ADVISORS Aelea Commodities Limited November 04, 2026 Vaishanvi Vaity: Good morning, everyone. I am Vaishanvi Vaity from AKMIL Strategic Advisors Private Limited. It is my pleasure to welcome you all to the H1 FY27 earnings conference call of Aelea Commodities Limited. Today we are pleased to have with us the company's Leadership team, Mr. Hozefa Jawadwala Chairman and Managing Director, Mr. Ashok Patel, whole Time Director and CFO, Mr. Satyanarayan Patro, Whole Time Director and CCO, and we will be also joined by Ms. Devyani Vanapariya, Company Secretary and Compliance Officer. I welcome you all with this. Now I would like to hand over this session to Mr. Hozefa Jawadwala, who will take us through the company's business performance and future growth opportunities. Over to you, Hozefa Sir. Thank you. Hozefa Jawadwala: Thank you. Can you just put up the presentation, please? Vaishanvi Vaity: Yes. Hozefa Jawadwala: Thank you all for being part of this earnings call. I'll just start with the background with which the year started for us. Feb and March of 26, we saw initial strikes with Iran and US wars. At that point of time. It was purely air strikes and the Strait of Hormuz remained open. Getting into the month of April and May. Things started worsening. And by end of June, we saw the Strait of Hormuz being closed. While Strait of Hormuz did not impact us in any ways. from a logistics perspective of raw cash units. It did had a different challenge altogether for us. The cost at which, you know, the oil was going, the cost at which the logistics was increasing, definitely increased the prices of all the Agri inputs, which is coming from outside India. The impact then increased with the Red Sea having impacted by the inclusion of Bab el-Mandeb into the war and a lot of logistics started to having de-routing result in, what transit time used to be around 35 to 45 days from West African countries, increase up to 110 to 112 days. Some Delays, Did Impacts But those delays. We did not allow that delays to really go to the production levels. The requisite raw materials was procured. From the local markets, from already in the sea and transiting, and which was near to arrival and the regular contracts that were already done for original base importing was already honoured, but then the delay was still there. With this background, I would like you to take you to the next slides. Next slides, please. So, we clocked the revenue of 246 crores. This is an increase of 42% compared to the last year. With an EBITDA of 23 crores, a more or less corresponding increase in EBITDA as well, our EBITDA margins have improved compared to the last year. But our PAT has remained more or less the same in an absolute term at 863 lakhs compared to 870 lakhs. with the earning per share being marginally by 3 paisa lower compared to last year. To explain this further, I will take to the next slide, please. There are key numbers that we would like you to look at. First is the total Borrowing. The borrowing at H2 end of FY26 was 111 crores. The end of H1 FY27 was 232 crores. These are terminal numbers on that date. The impact.is really seen in the finance cost from a finance cost perspective the finance cost was 8.36 crores for the H2 of FY26. The finance cost for H1 of FY27 is 8.39 crores. Plus, a 0.4% increase in the Page 2 of 14 Aelea Commodities Limited November 04, 2026 finance cost despite the number that looks like a significant high borrowing of 232 crores. These short-term borrowings are mainly working capital in nature. That has been purely because of the increase in the raw material prices and delays that has resulted in additional inventory that needs to be carried by us. Further, this year, being an Adhik Maas, the Diwali has been a month later compared to the last year, which means that we have to carry a certain size of inventory even on the finished part of it. So, this is the three major reasons for impacts that we are, that's where you can see a different in the number. However, said and done, the overall finance costs remain within the previous year's numbers. Comparatively, from a profit breakdown purpose. From FY26 comparison, H1 FY26 comparison of 12.43. We have marginally done a better profit at 12.54. On a current tax perspective and on a deferred tax perspective, there are some differences and that results into a slightly lower number. Next slide, please. Now let me explain why, you know, when the turnover is increasing, it doesn't result into an absolute change in the percentage wise or absolute number of the EBITDA, as we have in multiple calls previously also Said. That there are two parts of the overall way the business runs. One is the revenue is comprising of the cashew price. which is the raw cashew nut price and their value added by products plus the value addition that we do. Now, the raw cashew nuts component is fully linked to the market price. And the value addition component is fixed per kg. So, let's say in an example that I've given in the on the other side of the slide. The prices are 150 rupees per kilo of raw Cashew nuts and the value addition margins are 27 rupees. Minus the operating cost, which is 20 rupees, our EBITDA per kg would remain 7 rupees. In a percentage terms, this EBITDA would be around 4.67%. Similarly, at 175, the raw Cashew nuts prices, which is increasing now. 27 rupees still remains at the value addition margin. Operating cost remains at 20. And EBITDA still remains at 7 rupees per kilo. But in percentage terms, it goes down to 4 rupees. Assuming that it's a 200 rupee. A kg price now raw cashew nut. you will have EBITDA as a percentage for the similar EBITDA per kg at 3.5%. Thus, if the revenue is increasing. Our EBITDA percentage declines, which is the denominator increases, but absolute margin per kg remains stable. If the cashew price decreased, the revenue decreases, EBITDA margin percentage improves, the denominator decreases, and absolute EBITDA per kg still remains stable. And this is why the percentage doesn't matter to us, while the absolute number matters to us. Next slide, please. Yeah, this is just for your references. OK, next slide, please. So, what we are today, we are basically looking at buying from Africa directly, [Showing first 8,000 characters — download PDF for full document]