Submission of Transcript of earning conference call with Analyst/ Investor held on 5th November, 2026

SANGAM (INDIA) LIMITED CIN : L17118RJ 1984PLC 003173 E - mail : secretarial@sangamgroup.com Website : www.sangamgroup.com I Ph : +91-1482-245400-06 Ref: SIL/SEC/2026-27 Date: 11th November, 2026 The Manager, The Manager, Department of Corporate Services, Department of Corporate Services, The National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd. Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, 25th Floor, Dalal Street, Bandra Kurla Complex, Bandra (E) MUMBAI - 400 001 Mumbai – 400051 Scrip Code: 514234 Trading Symbol: SANGAMIND Sub.: Submission of Transcript of earnings conference call with Analyst / Investor held on 5th November, 2026 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III, Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Transcript of earnings conference call with Analysts / Investors held on 5th November, 2026. The said transcript is also being uploaded on the Company’s website at www.sangamgroup.com You are requested to take the same on record. Thanking you, Yours faithfully, For Sangam (India) Limited (Arjun Agal) Company Secretary & Compliance Officer Registered Office : Sangam House, Atun, Chittorgarh Road, Bhilwara - 311001 (Raj.) INDIA “Sangam India Limited Q2 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. ANURAG SONI - MANAGING DIRECTOR - SANGAM INDIA LIMITED MODERATOR: MS. GARIMA SINGLA - GO INDIA ADVISORS Page 1 of 12 Sangam India Limited November 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Sangam India Limited Q2 FY27 Earnings Conference Call hosted by Go India Advisors LLP. 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 this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this call is being recorded. I now hand the conference over to Ms. Garima Singla from Go India Advisors LLP. Thank you, and over to you, ma'am. Garima Singla: Thank you. Good afternoon, one and all. It's my pleasure to welcome you on behalf of Sangam India Limited. Thank you for joining us today for Q2 and H1 FY27 earnings conference call. This call is being hosted by Go India Advisors. Please note that today's discussion may include certain forward-looking statements. Therefore, they must be viewed in conjunction with the risk that the company faces. Today on the call, we are joined by Mr. Anurag Soni, Managing Director. I now invite Mr. Soni to present the company's business outlook and performance, after which we will open the floor for Q&A. Thank you, and over to you, sir. Anurag Soni: Thank you, Garima. Good afternoon, everyone, and thank you for joining us. Diwali is just a few days away, so let me begin by wishing you and your families a very happy and prosperous Diwali. For those who are new to Sangam, I would like to take a moment to introduce ourselves. We are an integrated textile company. On the synthetic side, we make recycled polyester fiber from plastic waste, PV-dyed yarn, and suiting fabrics. On the cotton side, we make cotton yarns and denim fabrics along with open- end yarns. We also have a small seamless garment business which is about 2% of our revenue. All of this happens across 8 locations in Rajasthan with over 12,000 people. Capacity utilization remains high across all our divisions today. Quarter 2 has been the best quarter in Sangam's history. Revenue crossed INR1,000 crores in a quarter for the first time at INR1,045 crores, up 33% over last year. EBITDA was INR127 crores and PAT INR53 crores, both the highest we have ever reported. For the half year, revenue stood at INR1,906 crores and PAT at INR94 crores, which is already more than what we earned in the whole of last year. When we spoke in April, I talked about one simple principle: better than before. For 5 quarters in a row now, our EBITDA and PAT have been better than the quarter before. This is now showing in our balance sheet as well. Return on capital employed has gone up from 7% 2 years ago to about 13% today, and return on equity from about 4% to nearly 14%. Net debt to EBITDA has come down from 4.5x to 3.25x. In October, India Ratings upgraded our long-term rating to IND A with a stable outlook. Our debtor days have gone up in the current quarter from 67 days in March to 77 days in September, and there are mainly 2 reasons for it. First, we are growing our business, and with Page 2 of 12 Sangam India Limited November 05, 2026 the focus also on government tenders, which was close to INR200 crores in the first half, it is a business we intend to build, but these payments come on a longer cycle and a good part of it is yet to be collected. Second, the export shipments are taking longer to reach customers these days, which is why we have been more measured on exports this year. We aspire to bring debtor days back to March levels in the second half of the year. Coming to the future, our plants are running close to full capacity, so the next leg of growth needs fresh investment, and we have started on that. Our first focus is cost. Energy is our biggest cost, and we are bringing it down with our own renewable power. Last year, captive power met close to 10% of our needs. Today it is close to about 35%, and by the end of this financial year it will be close to about 50%, before stabilizing at about 70% in Q1 of next year. Our next focus is capacity, including modernizing and expanding our spinning and making more of our own raw materials. The work is on track, and the larger benefits will start coming in from the next financial year. In April, I said we aspire to double our PAT this year. At the halfway mark, I'm happy to say we are well on that path. I want to finish by thanking our 12,000+ colleagues, our customers, our bankers, and all our shareholders for their trust in Sangam. There's a lot more to do, and we're looking forward to it. With that, I'm happy to take your questions. Thank you. Moderator: Thank you, sir. We will now begin the question-and-answer session. The first question is from the line of Mr. Raj Shah from Fident Asset Management. Please go ahead, sir. Raj Shah: Yes, hi, thank you for the opportunity. So I just wanted to understand the breakup of the expansion that we are doing in terms of what capacity are we adding in yarn and fabric. And out of the INR1,500 crores, I think we have given the disclosure for INR900 crores. So what is the remaining amount to be spent on? Anurag Soni: Right, so I think with regards to the details of the investments, we already mentioned that in our presentation. So with INR1,500 crores that was mentioned in the last quarter, that was a capex plan that we have undertaken for the next 2 years to 2.5 years, 3 years. So what is firmed up has been disclosed in the presentation. The other work is still in progress, and probably as time goes, probably in the next few quarters, we will share more details once they are more firmed up. So currently we have shared the timelines where we intend to complete our projects that are undertaken. Their completion dates and their expected benefits and when they can accrue from. So I think I will leave it at that. The broad guidance we've already shared in the last quarter that where we intend to spend the money. So currently what is firmed up is shared and we'll share more in the coming quarters on the capex plan. Raj Shah: Understood. But just in terms of the capacity that we are adding in terms of yarn, in terms of metric tons, so what will be the additional capacity? Page 3 of 12 Sangam India Limited November 05, 2026 Anurag Soni: So broadly, I think we will, with the capex that is underway, I think we will add close to about 60% to 70% on the capacity on the cotton yarn side in terms of quantity. Raj Shah: U [Showing first 8,000 characters — download PDF for full document]