Please find attached herewith Transcript of Conference Call conducted on 5th November, 2026 with Investors/Analyst for Q2 & H1 FY 27.

No. BIL/SE/2026-27 11th November, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai 400 051 Equity Scrip Code: 502355 Trading Symbol: BALKRISIND Scrip Code 977667 (Debt) (INE787D08047) 977668 (Debt) (INE787D08039) Scrip Code 977669 (Debt) (INE787D08054) 978121 (Debt) (INE787D08062) Scrip Code 978123 (Debt) (INE787D08070) 978122 (Debt) (INE787D08088) Scrip Code 732679(Debt) (INE787D14235) Dear Sir/Madam, Subject: Transcript of Conference call with Investors/Analysts conducted on Thursday, 5th November, 2026 at 10:00 AM (IST), to discuss Q2 & H1FY27 Results of the Compny In continuation of our letter dated 31st October, 2026 and 5th November, 2026 intimating about the earnings conference call and link of audio recording of conference call respectively with Investors/Analysts and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of conference call with Investors/Analysts related to Q2 & H1FY27 Results of the Company held on Thursday, 5th November, 2026. This information will also be hosted on the Company’s website at https://www.bkt-tires.com/ww/us/investors-desk . You are requested to kindly take the above information on record and disseminate. Thanking you, Yours faithfully, For Balkrishna Industries Limited Vipul Shah Director & Company Secretary and Compliance Officer DIN: 05199526 Balkrishna Industries Ltd. CIN No.: L99999MH1961PLC012185 Corporate Office : BKT House, C / 15, Trade World, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India. Tel: +91 22 6666 3800 Fax: +91 22 6666 3898/99 www.bkt-tires.com Registered Office: B-66, Waluj MIDC, Waluj Industrial Area, Chhatrapati Sambhaji Nagar – 431 136, Maharashtra, India “Balkrishna Industries Limited Q2 and H1 FY27 Earnings Conference Call” November 05, 2026 “E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 5th November 2026 will prevail. MANAGEMENT: MR. RAJIV PODDAR – JOINT MANAGING DIRECTOR MR. SAROJ KHUNTIA – CHIEF FINANCIAL OFFICER MR. SATISH SHARMA – SENIOR PRESIDENT AND DIRECTOR, STRATEGY AND BUSINESS DEVELOPMENT MR. SUSHIL MISHRA – HEAD, ACCOUNTS SGA, INVESTOR RELATIONS ADVISORS Page 1 of 9 Balkrishna Industries Limited November 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Balkrishna Industries Limited Q2 and H1 FY27 Earnings Conference Call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as of date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. 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 for an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Rajiv Poddar, Joint Managing Director. Thank you, and over to you, sir. Rajiv Poddar: Thank you, Shaurya. Good morning, everyone, and thank you for joining us today. Along with me, I have Mr. Satish Sharma, Senior President and Director Strategy and Business Development, Mr. Saroj Khuntia, CFO, Mr. Sushil Mishra, Head of Accounts, and SGA, our IR Advisors. Let me begin with my remarks on the quarter's performance. End markets across the globe were extremely volatile due to evolving geopolitical situation. Despite this backdrop, we have delivered good sales volumes growth in quarter two. The profitability was impacted due to the headwinds caused by inflation in raw materials and freight costs. Going forward, we believe these headwinds will continue in the coming few quarters. We did take some price hikes. However, we could not fully pass through the cost price inflation. Similarly, in the Carbon Black business, we have continued to see raw material volatility led by higher crude prices. A key highlight for us was the recently announced tie-up with Pirelli for a strategic offtake agreement for the production of Pirelli-branded premium car tires in our facility in Bhuj. I would just like to add that in Phase 1, the production and sales is expected to start in the next calendar year, and we look forward to gradually ramping up the sales volume to 8 lakh tires - in year four, that is year 2030. This strategic tie-up not only fills our capacity but also strongly establishes our position as a commendable player in the Indian premium PCR market. The agreement further paves the way for a second phase in which there is an envisagement, at certain conditions, the creation of a 50-50 joint venture, and the construction of a production plant dedicated to high-value passenger car tires for both the brands, that is Pirelli brand as well as BKT brand, to serve India and other international markets for both the players. Let me start with the highlights of our OHT business. Page 2 of 9 Balkrishna Industries Limited November 05, 2026 Our OHT business delivered good sales volume growth in Q2. The sales momentum was led by uptick in our end markets and segments. It is important to note that growth is not exactly comparable as last year Q2 was marred by very low sales from U.S. owing to Tariff situation. In Europe, we faced challenges due to extreme weather conditions and its related pressures on the agricultural market. Despite this, we have continued to build on the strong position we have created for the BKT brand in all major countries in the European market. India has continued to outperform We have seen positive trends across all micro markets in India despite erratic monsoons. In Americas, we witnessed stable sales. We are focusing on sharper execution to further increase our market share in this larger geography. One of the emerging growth levers for us in the OHT segment is the positive response from our end markets for the All-Steel Radial mining - range of tires. This is increasingly finding acceptance in the major mining markets across the world. I now invite Satish ji to share insights on the other two businesses. Satish Sharma: Good morning, everyone. I start first with the Carbon Black business. For quarter two FY27, our Carbon Black business recorded decent revenue growth on Y-on-Y basis, with third-party sales at around 10% of overall business. We are seeing robust demand for our range of products. Having completed all capex, we are firmly increasing our customer base. Further, we are initiating a roadmap for accelerated product development towards the better margin specialty blacks. Let me now move on to our on-road business. Our TBR and 2-wheeler range of tires has gained strong acceptance from both the channel as well as the end users, ensuring that we have a steep ramp-up of both production and sales. Further, in this portfolio, we are looking forward to the launch of PCR tires in the month of January '27. The recent tie-up with Pirelli has also evoked a very strong positive sentiment from our channel partners. With this summary, I now invite Saroj ji to share our operational and financial highlights. Saroj Khuntia: Hi, good morning, everyone. I will now share our operational and financial highlights. For H1, tire sales volume stood at 185,167 metric tons. Of this, the on-road portfolio contributed early single digit to the Q2 sales volume. Our standalone revenue for the quarter stood at INR3,450 crores, registering a growth of 49% year-on-year.This includes realized loss on foreign exchange pertaining to sales of INR 41 crores. For H1, standalone revenue stood at INR 6,859 crores, registering a growth of 35% year-on- ye [Showing first 8,000 characters — download PDF for full document]