Transcripts of Conference Call on Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half year ended September 30, 2026.

GRETEX CORPORATE SERVICES LIMITED A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls, Dadar (West), Mumbai – 400013 Website: www.gretexcorporate.com, Email ID: info@gretexgroup.com Contact No.: 02269308500 CIN: L74999MH2008PLC288128 Date: November 11, 2026 To, To, BSE Limited NSE Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G-Block Dalal Street Fort, BKC, Bandra (East), Mumbai – 400 001 Mumbai- 400051 Scrip Code: 543324 Symbol: GCSL Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Transcripts of Investor Meet Please find enclosed the transcript of post Earnings Call held on Tuesday, November 10, 2026, on Unaudited Financial Results (Standalone and Consolidated) of the Company for the Quarter and half year ended September 30, 2026, and the same is also available at Investor Meet | Investor Relations | Gretex Corporate Services Limited. Thanking you, Yours faithfully, For Gretex Corporate Services Limited Bhavna Desai Group Head- Legal, Company Secretary & Compliance Officer Membership No.: A31586 Encl: As above “Gretex Corporate Services Limited Q2 & H1 FY27 Earnings Conference Call” November 10, 2026 “Note - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange will prevail.” MANAGEMENT: MR. ALOK HARLALKA – MANAGING DIRECTOR AND CHIEF FINANCIAL OFFICER – GRETEX CORPORATE SERVICES LIMITED MR. ARVIND HARLALKA – WHOLE-TIME DIRECTOR – GRETEX CORPORATE SERVICES LIMITED Page 1 of 6 Gretex Corporate Services Limited November 10, 2026 Moderator: Good evening, everyone, and on behalf of Stock Knocks, I welcome you all to the Q2 and H1 FY27 Earnings Conference Call of Gretex Corporate Services Limited. I would like to thank the management team of Gretex Corporate Services Limited and all the investors and participants who have joined us today. Before we begin, please note that this call is being recorded. The discussion may contain forward-looking statements based on the management's current views and expectations. These statements are subject to risks and uncertainties. Investors are requested to refer to the company's filings, exchange disclosures, financial results and other official communications before making any investment decisions. All participants have been automatically placed on mute. During the question-and- answer session, participants who wish to ask a question may use the raise-hand option, and we will unmute participants one by one. Participants may also post their questions in the chat box and I will take those up with the management. We have with us today Mr. Alok Harlalka, Managing Director and CFO, and Mr. Arvind Harlalka, Whole-Time Director. I will now request Mr. Alok Harlalka to introduce himself and share his opening remarks on the operational and financial highlights for the period under review. Over to you, sir. Alok Harlalka: Good evening, everyone. Myself, Alok Harlalka, Managing Director of our company, Gretex Corporate Services Limited. Wishing you all a Happy Diwali and Happy Bhai Dooj, and thank you all for attending this call today. I welcome you all to the earnings call for Q2 and H1 FY27. Thank you all for taking the time to participate. The financial results and investor presentation have been uploaded on the stock exchanges and are also available on our company's website. We trust you have had the opportunity to review the same. The first half experienced a strong rebound and active deal-making momentum. Despite volatility in the broader equity markets and evolving global economic conditions, the primary market has demonstrated considerable resilience, although performance across the mainboard and SME segments has been somewhat divergent. On the mainboard front, India witnessed record IPO fundraising during the first half of FY27, with approximately INR84,400 crores raised, representing an increase of around 30% over the corresponding period last year. A total of 71 companies accessed the mainboard during the period, compared with 55 companies in H1 FY26. The momentum was particularly strong during the second quarter, with September emerging as one of the strongest months for primary market activity. The SME IPO segment, however, witnessed a more measured pace of activity. According to industry data, 137 SME companies got listed during H1 FY27, compared with 156 in the corresponding period last year. Funds raised through SME IPOs declined by approximately 11% to the tune of INR6,012 crores, reflecting a Page 2 of 6 Gretex Corporate Services Limited November 10, 2026 moderation in activity following the strong performance witnessed in the previous financial year. While the moderation in SME IPO listings and fundraising reflects a more measured market environment, we believe the segment continues to play an important role in providing growth capital to emerging enterprises. What is particularly evident during this period is the increasing selectivity among investors, with greater attention being given to business fundamentals, issue valuations and the quality of the underlying business. The normalization in subscription levels also indicates a gradual shift towards a more disciplined market environment, where appropriate pricing and investor confidence will remain important determinants of successful IPO execution. While the industry continues to navigate headwinds arising from evolving geopolitical uncertainties, we remain confident in the long-term growth prospects of the Indian capital markets, and these structural trends remain well aligned with Gretex's integrated business model. Coming to our operational and business developments during the period, we made progress across our merchant banking, broking and alternative investment businesses. During H1 FY27, we progressed 4 IPO mandates to the DRHP filing stage. These include Sky Alloys and Power Limited and Tenty Limited, proposed to be listed on the NSE and BSE mainboards, and Abacus Lifestyle Brands and Oremet Alloys, proposed to be listed on the NSE Emerge platform. We also successfully completed the listing of Vama Wovenfab Limited on the BSE SME platform on September 22, 2026. In addition, we secured an underwriting mandate from Army Infotech Limited, further strengthening our transaction pipeline. Another significant development during the period was the successful first close of the Celestial Chakra Momentum Fund at the tune of INR25 crores. The fund has been jointly sponsored by Gretex Corporate Services and Gretex Share Broking Limited through Bahutex Ventures, marking an important step in expanding the Group's presence in the alternative investment space. On the broking side, our subsidiary, Gretex Share Broking Limited, expanded its geographical presence by opening a new branch office in Ahmedabad, Gujarat. This is aligned with its plans to strengthen its institutional broking, retail broking and market-making operations. Overall, H1 FY27 was marked by progress in our IPO mandate pipeline, the successful execution of a listing, the expansion of our underwriting engagements, the first close of our jointly sponsored fund, and the continued development of our broking platform. We remain focused on building a more diversified and integrated capital markets business. Page 3 of 6 Gretex Corporate Services Limited November 10, 2026 Starting with our Q2 financial performance, on a consolidated basis, revenue from operations stood at the tune of INR75.60 crores, compared with INR79.60 crores in the corresponding quarter last year, representing a decline of 5%. However, revenue grew by 101.6% sequentially, compared with Q1 FY27. EBITDA for the quarter stood at INR9.6 crores, as against INR31.7 crores in Q2 FY26. EBITDA margin was 12.70%, compared with 39.82% in the corresponding period last year. Profit after tax stood at INR7.1 crores, compared with INR12.8 crores, w [Showing first 8,000 characters — download PDF for full document]