Transcript of the Earnings Discussion/Conference call.

Date: November 11, 2026 To, To, The General Manager, Manager-Listing Compliance, Department of Corporate National Stock Exchange of India Services, BSE Limited Limited, Exchange Plaza, C-1, Phiroze Jeejeebhoy Towers Block G, Bandra Kurla Complex, Dalal Street, Bandra East, Mumbai – 400 051 Mumbai- 400 001 Scrip Code: 544223 Symbol: CEIGALL ISIN: INE0AG901020 ISIN: INE0AG901020 Subject: Transcript of the Earnings Discussion/Conference call. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our letter dated October 27, 2026, we are enclosing herewith the transcript of the earnings call for analysts and investors held on Thursday, November 05, 2026, in respect of Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026. The above information is also placed on the website of the Company www.ceigall.com You are requested to take the above information on your record. Thanking you, For Ceigall India Limited Megha Kainth Company Secretary & Compliance officer Membership No.: F7639 “Ceigall India Limited Q2 and H1 FY2027 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. RAMNEEK SEHGAL – CHAIRPERSON AND MANAGING DIRECTOR – CEIGALL INDIA LIMITED MR. KAPIL AGGARWAL – CHIEF FINANCIAL OFFICER – CEIGALL INDIA LIMITED MR. AYYALUSAMY SARAVANAN– WHOLE-TIME DIRECTOR – CEIGALL INDIA LIMITED MODERATOR: MR. MOHIT UPADHYAY – ADFACTORS PR Page 1 of 10 Ceigall India Limited November 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to Ceigall India Limited Q2 and H1 FY2027 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 Upadhyay from Adfactors PR. Thank you, and over to you, Mohit. Mohit Upadhyay: Thank you. Good evening, everyone, and welcome to Q2 and H1 FY2027 Earnings Conference Call of Ceigall India Limited. Today, we have with us Mr. Ramneek Sehgal, Chairperson and Managing Director, Mr. Kapil Aggarwal, CFO, and Mr. Saravanan, Full-Time Director. Before I hand over for opening comments, let me mention a cautionary statement that this conference may include forward-looking statements about the company which are based on beliefs, opinion, and expectation of the company as on the date of this call. These statements are not a guarantee of future performance and involve risk and uncertainty that are difficult to predict. We will begin the call with the opening remarks from the management, after which we will have forum open for question and answer session. I now hand over the conference to Mr. Ramneek Sehgal for his opening comments. Thank you, and over to you, sir. Ramneek Sehgal: Good evening, everyone, and thank you for joining us for Ceigall India's Q2 H1 Financial Year 2027 Earnings Conference Call. I hope all of you are doing well. Before we begin, on behalf of the entire Ceigall India team and family, I would like to extend my warm wishes to all our investors, analysts, stakeholders on the occasion of Diwali. I wish you and your family a very happy Diwali and a prosperous New Year. Joining me on today's call is Mr. Kapil Aggarwal, CFO, along with the Investor Relation team. Our financial results, investor presentation, and press release have been shared with the stock exchanges, now also available on our website. I hope all of you had an opportunity to review them. The second quarter and the first half of the financial year 2027 have been a strong period for Ceigall India as we continue to deliver healthy growth in revenue, profitability, while making significant progress across our diversified infrastructure portfolio. Our performance reflects sustained execution across our ongoing projects, improving operational efficiencies, and a continued focus on expanding into high-potential infrastructure segments. During the quarter, we further strengthened our order book, which stood at approximately INR22,681 crores of September 30, 2026, providing strong revenue visibility over the coming years. Importantly, our order book is becoming increasingly diversified across other sectors than roads and highways. Page 2 of 10 Ceigall India Limited November 05, 2026 We are in metros, renewable energy, transmission, distribution, industrial infrastructure, and positioning as well to capture emerging opportunities across India's infrastructure landscape. One of the significant developments during the quarter was our expansion into the power transmission segment. We received the letter of intent from REC Power Development and Consultancy Limited for the development of Lakadia-Jam Khambhaliya-Jamnagar transmission project in Gujarat, which is a project of approximately INR5,700 crores, including GST. The project involves the development of 765 kV and 400 kV substation and approximately 300 kilometers of transmission lines, with a construction period of 36 months, followed by a 35-year operational period. This presents an important milestone in our diversification strategy and strengthens our presence in long-term infrastructure assets. Our core roads and highway business also witnessed a healthy order inflow during the quarter. Through our joint venture, we secured five packages for NH 913 Frontier Highway in Arunachal Pradesh, aggregating approximately INR3,128 crores and spanning around 278 kilometers. These projects further strengthen our presence in Northeast India and reinforce our capability in executing large-scale infrastructure projects across the challenging geographies. On the execution front, we received appointed dates for three HAMs, namely Varanasi-Ranchi-Kolkata greenfield highway HAM packages 11 and 12, and Indore-Ujjain Greenfield Highway project worth INR4,050 crores. This is an important development as these projects now move into the execution phase and will contribute to our construction pipeline over the coming quarters. We also continued to make meaningful progress in our renewable energy business. During the quarter, our wholly owned subsidiary successfully commissioned 10 megawatts of the solar subsidiary, solar capacity under 147 megawatts solar power plant in Maharashtra, ahead of schedule. This marks an encouraging beginning to our operational journey in renewable energy. We remain focused on scaling up the execution across our solar and BESS projects. Another important area of focus continued to be our HAM asset monetization strategy. Following the successful monetization of first HAM asset, we are progressing with the monetization of the other mature assets, including Bathinda-Dabwali and Jalbehra-Shahbad projects. During the contract quarter, we also achieved the provisional COD for Jalbehra- Shahbad project. Our objective remains to recycle the capital from completed assets into the new projects, improve capital efficiency, support our future growth requirement while maintaining the financial discipline, and while selling these projects, our debt is also reducing. Subsequent to the quarter, we also received completion certificate for Delhi-Saharanpur Highway project, marking another important contractual milestone and reinforcing our execution track record in complex road infrastructure. Looking ahead, we remain confident in the opportunities emerging across India's infrastructure sector with a strong and diversified order book, a healthy execution pipeline, and expanding Page 3 of 10 Ceigall India Limited November 05, 2026 presence in renewable energy and power transmission. Our focus will remain on accelerating project execution, maintaining operational efficiency, and pursuing opportunities that create su [Showing first 8,000 characters — download PDF for full document]