Analysts/Institutional Investor Meet/Con. Call Updates

LIL/2026-27/22 Dated: 11.11.2026 The Secretary The Manager BSE Limited National Stock Exchange of India Limited New Trading Wing Exchange Plaza, C-1, Block “G” Rotunda Building 5th floor, Bandra Kurla Complex PJ Tower, Dalal Street Bandra East Mumbai- 400001 Mumbai- 400051 Scrip Code: 544894 SYMBOL: LUMINO Sub: Transcript of the Earnings Conference Call on Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earnings Conference Call held on November 5, 2026, in connection with the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026. The transcript of Earning Conference Call is also available on the website of the Company at https://luminoindustries.com/wp-content/uploads/2026/11/Transcript.pdf. We request you to take the above on record. Thanking you, Yours Faithfully, For Lumino Industries Limited Vivek Jain Company Secretary & Compliance Officer M. No: A36946 “Lumino Industries Limited Q2 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. DEVENDRA GOEL – MANAGING DIRECTOR – LUMINO INDUSTRIES LIMITED MR. JAY GOEL – WHOLE-TIME DIRECTOR – LUMINO INDUSTRIES LIMITED MR. HEMANT BHUWANIA – CHIEF FINANCIAL OFFICER – LUMINO INDUSTRIES LIMITED MODERATOR: MS. TEENA VIRMANI – MOTILAL OSWAL Page 1 of 17 Lumino Industries Limited November 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Lumino Industries Q2 FY27 Earnings Conference Call hosted by Motilal Oswal. As a reminder, all participant lines will be in the listen only mode and there'll be an opportunity for you to ask questions after the presentation concludes. Should any assistance during the conference call please signal an operator by pressing star and then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Teena Virmani. Thank you and over to you. Teena Virmani: Thank you. Good afternoon, everyone. On behalf of Motilal Oswal Financial Services, we welcome all of you for Lumino Industries Conference Call for second quarter. We would like to thank the management for giving us an opportunity to host the call. From company side, we have with us Mr. Devendra Goel, Managing Director, Mr. Jay Goel, Whole-Time Director, Mr. Hemant Bhuwania, CFO. So I'll hand over the call to the management team for their opening remarks and then after that we will open the floor for Q &A. Over to you sir. Devendra Goel: Thank you. So, good afternoon, gentlemen. I'm Devendra Goel. I'm the Managing Director of Lumino Industries. Thank you for joining us today for Lumino Industries Limited Q2 and H1 FY27 Earning Conference Call. This is an important occasion for us as it is our first quarterly earning call since the company's listing in September, 2026. On behalf of the entire Lumen Industries team, I welcome all our stakeholders, investors and analysts. I would like to thank our shareholders for the confidence they have placed in the company. We understand that being listed company brings a greater responsibility towards our investors and we remain committed to transparent communication and creating long-term value for our shareholders. As we begin this new phase, I would like to use this opportunity to give you a detailed understanding of Lumino Industries, the markets we serve, the strength of our business model, and the opportunities we see ahead. I will also discuss our operational developments, order book, capacity expansion, and key priorities. Following my remarks, our CFO will take through the financial performance for the quarter and the first half of F27 in greater detail. So let me begin by explaining the business we have built over the past three decades. Lumino Industries operates in India power transmission and distribution sector. Our business has developed around a clear need. Electricity must be transmitted and distributed safely and efficiently from the point of generation to the point of consumption. This requires a larger network of conductor, cable, electrical wires, substation, transmission line and supporting infrastructure. We as Lumino participate in this entire value chain or the ecosystem through our two business segments. One is manufacturing and the other is the EPC which is engineering, procurement and construction. Our manufacturing business produces aluminum conductor, power cable, electrical wires, and including special products such as high temperature, low-side conductors, is commonly known as STLS conductors. Page 2 of 17 Lumino Industries Limited November 05, 2026 We also manufacture high-performance conductor, which is like AL-59. These products serve a wide range of application across power transmission and distribution and renewable energy, industrial facilities, railway networks, communication systems, electrical panels. These are the various industries where we cater to the demand for wires and cables. High temperature low side, which is STLS conductor, are advanced overhead transmission line conductor designed to carry significantly higher electric current than the conventional ACSR conductors without requiring substantial changes to the existing transmission line infrastructure. In India, STLS conductor are increasingly important for power transmission capacity enhancement, grid modernization and evacuation of renewable energy. Particularly, where constructing new transmission line corridors or acquiring additional right of way is difficult. Our EPC business undertakes projects across extra high voltage substation, power transmission and distribution, STLS reconducting, solar and water management. These projects involve planning and execution of infrastructure including the supply of materials, installation and associated commissioning activities. The combination of these business is an important part of our operation. We are not limited to supplying product nor are we dependent only by executing infrastructure project. We can participate at different stages of the value chain supported by manufacturing capabilities and project execution experience. This integration is one of our key strengths in Lumino Industries. For an EPC project, the availability of the right product at the right time is important for meeting the project schedules. Our in-house manufacturing capability allows us to supply certain products directly to our own project, giving us greater control over product specification, quality, and availability. It also reduces our dependence on external supplies for these requirements. At the same time, our manufacturing business supplies product to external customers, including power utilities and EPC companies. This gives us access to demand beyond our own project portfolio. The 2 businesses therefore serve different customer requirements while also supporting each other. During FY26, approximately 23% of the specialized products used in our EPC projects were manufactured in-house. The model also supports a bidding process. Our understanding of the product, their application, and their cost helps us assess project requirements and plan procurement and execution more effectively. Over time, we believe that the combination of manufacturing knowledge and EPC experience can support stronger customer relations and a wider range of business opportunities. Now I would like to talk about our manufacturing capabilities, because whatever revenue that we generate, 70% of the contribution is from product and 30% is from the EPC. So for us, Lumino is more of a product company than an EPC company, and this is how we would like to grow going forward. We would like to be seen as a product company and not as an EPC company, and management is continuously working towards reducing the exposure on EPC. So [Showing first 8,000 characters — download PDF for full document]