Please refer to the letter enclosed.

Dept. of Corporate Services – Corporate Relationship, National Stock Exchange of India BSE Limited, Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Listing Department, Mumbai - 400 001. Exchange Plaza, C-1, Block ‘G’ Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051. Scrip Code: 509496 Scrip Code: CEMPRO Date Our Reference No. Our Contact Direct Line 11th November, 2026 SEC/11/2026 RAHUL NEOGI 91 22 67680814 cs@cemindia.co.in Sub: Transcript of Analysts / Investors conference call on Unaudited Financial Results for the quarter and half year ended 30th September, 2026. Dear Sir/Madam, In terms of Regulation 30 read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Transcript of Analysts / Investors conference call held on 06th November, 2026 relating to the Unaudited Financial Results for the quarter and half year ended 30th September, 2026. We have uploaded the same on the website of the Company at https://www.cemindia.co.in/wp-content/uploads/2026/11/ConcallTranscript_Q2FY27_101126.pdf Thanking you, Yours faithfully, For Cemindia Projects Limited (formerly ITD Cementation India Limited) (RAHUL NEOGI) COMPANY SECRETARY “Cemindia Projects Limited Q2 FY27 Earnings Conference Call” November 06, 2026 MANAGEMENT: MR. JAYANTA BASU – MANAGING DIRECTOR – CEMINDIAPROJECTS LIMITED MR. NITESH SHARMA – CHIEF FINANCIAL OFFICER – CEMINDIA PROJECTS LIMITED MR. RAHUL AGARWAL – HEAD, INVESTOR RELATIONS – CEMINDIA PROJECTS LIMITED MODERATOR: MR. MOHIT KUMAR – ICICI SECURITIES Page 1 of 14 Cemindia Projects Limited November 06, 2026 Moderator: Ladies and gentlemen, good day and welcome to Cemindia Projects Limited Q2 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. I now hand the conference over to Mr. Mohit Kumar from ICICI Securities for his opening remarks. Thank you, and over to you, sir. Mohit Kumar: Thank you. Good morning. On behalf of ICICI Securities, I welcome you all to the Q2 FY27 earnings call of Cemindia Projects Limited. Today, we have with us from the management, Mr. Jayanta Basu, Managing Director, Mr. Nitesh Sharma, CFO, and Mr. Rahul Agarwal, Head of Investor Relations. We will begin with the opening remarks from the management, which will be followed by Q&A. Thank you, and over to you, sir. Nitesh Sharma: Good Morning everyone and thank you for joining us on the Q2 FY27 results call of Cemindia Projects Limited. I am Nitesh Sharma, CFO of the company, and I welcome you all and wish you a very happy Dhanteras. Before we begin, please note that today's discussion may include forward-looking statements. These statements are based on management's current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. The company undertakes no obligation to update these statements publicly. I will begin with the financial performance for the quarter and the half year, and then cover certain developments, order inflow, and order book. Our managing director, Mr. Jayanta Basu, will then take you through our operational performance. Taking you to the first quarter two FY27 performance, the total operating income of INR2,749 crores, up by 25% year-on-year basis from INR2,195 crores in Q2 FY26. EBITDA of INR280 crores, up 15% Y-o-Y from INR243 crores in Q2 FY26. EBITDA margin of 10.2% compared with 11.1% in Q2 FY26. PAT of INR131 crores, up 21% year-on-year from INR108 crores in Q2 FY26. Now, I will talk about H1 performance. Total operating income stood at INR5,470 crores, which is up 15% year- on-year from INR4,772 crores in H1 FY26. EBITDA of INR565 crores, up 12% year-on-year from INR504 crores in H1 FY26. And EBITDA margin of 10.3% compared with 10.6% in H1 FY26. PAT of INR271 crores, up 10.8% YOY from INR245 crores in H1 FY26. As of September 30, 2026, our net worth stood at INR2,619 crores and net debt of INR773 crores, and net debt-to-equity ratio of 0.3x roughly. Now, certain developments which has happened in last quarter. We raised INR1,400 crores through a QIP, issuing 1.26 crores equity shares at INR1,108 per share. The issue attracted bids of around 2.3x the base deal size of INR1,000 crores from a Page 2 of 14 Cemindia Projects Limited November 06, 2026 diverse set of domestic mutual funds and other financial investors, a strong vote of confidence in our growth prospects. The issue proceeds will be utilized primarily for capex, repayment of certain borrowings, working capital requirement, and general corporate purpose. That will provide further impetus to the company's growth plans. A very significant development which has happened in last quarter is that we have received positive ratings actions from all three rating agencies. ICRA has upgraded both long-term and short-term rating with AA (Stable). CARE has upgraded to AA- (Stable) again. And CRISIL has assigned a fresh rating of AA (Stable). Order inflow momentum remains strong. Since the start of the quarter, we have secured new orders worth INR5,968 crores, that is INR3,487 crores in Q2 FY27, and a further INR2,481 crores in October 2026. That makes our order book stood at an all-time high of INR32,715 crores, with strong revenue visibility as well as diversified across eight business areas, that is maritime structures, urban infra, MRTS and airports, industrial structures and buildings, together account for 62% of the order book, with data center contributing around 15%. That's it from my side, and I'll hand over to Mr. Jayanta Basu for update on our operational performance. Thank you all. Jayanta Basu: Thank you, Nitesh. Good morning to all, and happy Dhanteras. There are few items which I have to highlight for the last quarter and H1 performance before I discuss about the performance of the project. The CRISIL, ICRA, and CARE, their ratings has upgraded, which is very significant to our company. And QIP, just Nitesh has mentioned, all of you know that. And another thing that we have been awarded few arbitration award, and some award we have been also received in terms of payment also. Like in Udangudi, we have received around INR85 crores, the additional claim, which is significant to our company. Otherwise, if you see, this quarter, our revenue is around INR2,700 crores, which is just 1% more than the last quarter. But if you see traditionally, second quarter is always less by 10%- 15% compared to first quarter. This time it is almost same compared to first quarter. It's a good thing. And the job of what we have now, I don't think any job which is doing bad. Significant event is Vadhavan Port, which was not progressing for last one and a half year, but now we have started the work. The activities are going on our side, which is good sign. The major jobs like CMRL, major job completion. Bengaluru Metro is also a part of completion. Udangudi is completed, handed over. Bangladesh job, which was very difficult in terms of political situation, we could be able to complete substantially. Payment received. Abu Dhabi job, main job at Abu Dhabi also going on well. We have started Pune Metro and Delhi Metro. We have started marine job at Jatadhari Port is getting completed. I have got a new job at Kolkata. Overall, the job scenario is good. New jobs have started, old jobs are getting completed. Page 3 of 14 Cemindia Projects Limited November 06, 2026 Today, we have INR32,000 crores of work in hand, which is also significant because normally it used to be around INR20,000, INR21,000. Already we have secured around INR15,000 crores of job in first two quarters. Our target of INR25,000 crores for th [Showing first 8,000 characters — download PDF for full document]