Analysts/Institutional Investor Meet/Con. Call Updates

Xpro India Limited Birla Building (2nd Floor) 9/1 R.N. Mukherjee Road Kolkata 700 001, India. +91 (033) 4082 3700/2220 0600 ; xprocal@xproindia.com November 9, 2026 National Stock Exchange of India Ltd. BSE Limited “Exchange Plaza”, Corporate Relationship Department Bandra-Kurla Complex, 1st Floor, New Trading Ring Bandra (E), Rotunda Building, P J Towers Mumbai 400 051 Dalal Street, Fort, Mumbai 400 001 Stock Symbol: XPROINDIA(EQ) Stock Code No: 590013 Dear Sir/Madam, Subject: Transcript of the earnings conference call Ref.: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the earnings conference call for the quarter and half year ended September 30, 2026, conducted on November 4, 2026. The same is also available on the website of the Company at the below mentioned link: https://xproindia.com/investor-relations/ This is for your information and record. Thanking you, Yours faithfully, For Xpro India Limited Kamal Kishor Sewoda Company Secretary Registered Office : Barjora-Mejia Road, P.O. Ghutgoria, Tehsil : Barjora, Distt : Bankura, West Bengal 722 202. Tel : +91 (9775) 301 701; email : cosec@xproindia.com; website : www.xproindia.com CIN : L25209WB1997PLC085972 “Xpro India Limited Q2 & H1 FY27 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. C. BHASKAR - MANAGING DIRECTOR MR. GIRISH BEHAL - MANAGING DIRECTOR (DESIGNATE) & CEO MR. HIMANGSHU BAKSHI - GROUP TECHNICAL COUNSEL MR. VINAY KUMAR AGARWAL - PRESIDENT (FINANCE) AND CHIEF FINANCIAL OFFICER MR. KAMAL SEWODA - COMPANY SECRETARY Page 1 of 18 Xpro India Limited November 04, 2026 Moderator: Ladies and gentlemen, good day and welcome to Xpro India Limited Q2 and H1 FY27 Earnings Conference Call. 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 touchtone phone. Please note that this conference is being recorded. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantees of the future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. C. Bhaskar, Managing Director from Xpro India Limited. Thank you and over to you, sir. C. Bhaskar: Thank you, Vidhi. Good morning, friends. I extend a very warm welcome to all participants to this Q2 and H1 financial year 2027 earnings call of Xpro India Limited. Many of us would have interacted in the past. Nonetheless, I introduce myself once again as C. Bhaskar, Managing Director of Xpro India Limited. Today on this call, I have with me Shri Girish Behal, our Managing Director Designate and Chief Executive Officer, Shri Vinay Kumar Agarwal, our President (Finance) and Chief Financial Officer, Shri Himangshu Bakshi, our Group Technical Counsel, Shri Kamal Sewoda, our Company Secretary. MUFG Intime, who many of you will remember as Orient Capital earlier, is our Investment Relations Partner and is as always coordinating this session. We are continuing the practice commenced a few years ago of hosting this conference call for the benefit of our investor community and for keeping investors, analysts familiar and updated about our results and key developments at our units. As many of you have already had the opportunity to meet us on earlier calls, at the AGM or in occasional investor meets, I shall not dwell on reintroducing our company. I must add that we are transparent in our approach but must state that all discussions here will be within boundaries reasonably imposed by our strategic and competitive position and of course legal requirements as may be applicable. As you are all aware, Xpro India Limited is a diversified multi-locational company primarily focused on polymer processing with extremely strong governance standards. The company is family-led and is a professionally managed arm of one of India's largest and most reputed industrial houses, the Birlas. Xpro itself currently has manufacturing facilities at Greater Noida in UP, Ranjangaon in Maharashtra, and Barjora in West Bengal, besides a subsidiary in the United Arab Emirates at Ras Al Khaimah. Our operating units have built up special skills and competencies in the specialized field of co- extrusion with application in the manufacture of oriented films, multilayer plastic sheets, and multilayer cast plastic films. Thermoforming supports downstream processing of sheets. Xpro specializes in advanced materials and is India's leading manufacturer of polypropylene dielectric capacitor films. Page 2 of 18 Xpro India Limited November 04, 2026 These precision engineered ultra-thin films range from the ultra-film range of 2 micron and up to 16 micron in thickness and form the core of capacitors used in EV inverters, solar systems, wind turbines, and industrial drives. We are also India's largest supplier of sheets and liners to the refrigerator industry. Driven by technical precision, quality, and development strength besides customer qualification cycles and support, Xpro has faced well the global competition without tariff protection to become the premier supplier in this part of the world. Our results for the quarter and half year ended September 30th, 2026 have already been uploaded on stock exchange portals and you may have had the opportunity to also go through our press release and the presentation that we have uploaded to the exchange site and also on our own websites. With the new dielectric film line at Barjora operational, the company entered 26-27 with materially expanded capacity and a stronger platform for volume and export growth. The new line has doubled our nameplate capacity in India to 8,000 metric tons of dielectric films a year. Commercial ramp-up of the line is now underway and its full impact will be reflected commensurately as we go forward. With regard to dielectric capacitor films, as most of you are aware, the company operates in a product and process space that is fundamentally different from BOPP for conventional uses. Polypropylene dielectric film, mainly for capacitor applications, is specification-intensive and precision-driven, and the industry is limited globally amongst a select number of producers. Building credible scale and reputation in this space requires technical capability and consistent product quality attributes that our Biax operations have developed systematically, earning a strong standing among discerning clients while maintaining a first-mover domestic producer advantage. Interestingly, the demand backdrop here is structural, not cyclical. Electrification, renewable energy build-out, grid modernization, data centers, electric mobility, and traction systems, all place a direct and growing premium on film durability and dielectric performance with long-term capital development cycles that consistently reinforce end-use demand. Our films go into capacitors used in EV inverters, solar and wind installations, grid equipment, railways, and data centers. So, all of these are good for us. Product development is directed deliberately at the highest value end, ultra-thin, hazy, and semi- raw films for power capacitors, EV systems, and railway applications. These are also high entry barrier segments which are technically demanding, relation-driven, and margin-supported. During the quarter, we strengthened our position and our recorded market share in both segments of dielectric films, that is plain films and hazy films. Dielectric film exports nearly doubled over last year. New customers and applications are being onboarded fo [Showing first 8,000 characters — download PDF for full document]