Investor Presentation on the un-audited financial Results for the 1st quarter ended June 30, 2026 for FY27

July 29, 2026 The BSE Ltd. The National Stock Exchange of India Ltd. st th 1 Floor, New Trading Wing, Rotunda Exchange Plaza, 5 Floor, C – 1, Block G Building Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Bandra (E) Scrip Code: 532884 Symbol: REFEX Dalal Street, Fort Mumbai – 400001 Mumbai – 400051 DReeaf.r: DSiirs(csl)o/s Muraed aumnd, er Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Subject: Investor Presentation on un-audited Financial Results for the 1st Quarter ended June 30, 2026 for FY27 Pursuant to the Regulation 30 of the SEBI Listing Regulations, we are enclosing herewith a copy of the Investor Presentation on the un-audited Financial Results of the Company for the 1 Quarter ended June 30, 2026 for FY27. Kindly take the above information on your records Thanking you, You rRse ffaeixth Ifnudlluy,s tries Limited Ankit Poddar Company Secretary and Compliance Officer ACS-25443 Place: Chennai REFEX INDUSTRIES LIMITED INVESTOR PR ES E NTATION Q1 FY27 Results Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Refex Industries Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness. Financial Overview Q1 FY27 Key Highlights Financial Highlights – Q1 FY27 Updates for the Quarter (Standalone – Continuing operations on Y-o-Y basis) ✓ Revenue growth was supported by strong operational capabilities and INR 619.3 Cr growing order book. REVENUE +76.4% ✓ Ash & Coal Business - Secured new orders worth ₹279 crore. Orderbook of INR 1,635 Crs as on 30th June’26 ✓ Wind Business - Delivered first 5.3 MW wind turbine at Torrent's INR 105.4 Cr Koppal project and started deliveries across other customers. EBITDA +166.0% ✓ RGML Demerger - The demerger process continues to advance as planned — during the quarter, we received NCLT approval to convene meetings of shareholders and creditors, with the Equity Shareholders' INR 73.6 Cr Meeting now scheduled for August 5, 2026 +122.8% ✓ Profitability improved during the quarter, driven by better business mix, operating efficiency and better economies of scale Q1 FY27 Standalone Financial Performance (Y-o-Y) from Continuing Operations Revenues (₹ Cr) EBIDTA (₹ Cr) PAT (₹ Cr) 76.4% +166.0% +122.8% 619.3 105.4 73.6 351.1 33.0 39.6 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 EBIDTA % PAT % 17.0% 11.9% 9.4% 11.3% Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1 FY27 Standalone Profit & Loss Statement Particulars (₹ Cr) Q1 FY27 Q1 FY26 Y-o-Y FY26 FY25 Y-o-Y Continuing Operations Revenue from Operations 619.3 351.1 2,039.2 2,259.4 Total Revenue 619.3 351.1 76.4% 2,039.2 2,259.4 -9.7% Cost of Material/Services Purchased 500.4 296.6 1,642.8 1,996.9 Change in Inventories of Finished goods & Work in Progress -5.3 - -10.4 - Purchases of stock-in-trade - - - - Gross Profit 495.1 296.6 127.8% 406.8 262.5 55.0% GP Margin (%) 20.0% 15.5% 19.9% 11.6% Employee Expenses 7.0 9.3 31.2 25.6 Other Expenses 11.7 5.5 25.6 29.1 EBITDA 105.4 39.6 166.0% 350.0 207.8 68.5% EBITDA Margin (%) 17.0% 11.3% 17.2% 9.2% Other Income 8.0 11.3 30.0 52.5 Depreciation 4.0 3.7 15.3 9.8 EBIT 109.4 47.2 131.6% 364.8 250.4 45.7% Finance Cost 11.0 5.8 30.1 17.6 Exceptional Items/Share from Associates - - - - Profit before Tax 98.3 41.4 137.3% 334.7 232.9 43.7% Tax 24.7 8.4 87.5 49.3 Profit After Tax 73.6 33.0 122.8% 247.2 183.6 34.7% PAT Margin (%) 11.9% 9.4% 12.1% 8.1% Net Profit /loss for the Period/Year from Discontinuing operations (after tax) -0.2 -0.1 -1.3 5.9 Net Profit /loss for the Period/Year from both continuing and Discontinuing operations 73.4 33.0 245.9 189.4 Other Comprehensive Income 0.0 0.5 1.9 -0.6 Total Comprehensive Income 73.4 33.5 119.2% 247.8 188.8 31.3% Comprehensive Income Margin (%) 11.9% 9.5% 12.2% 8.4% EPS (As per Profit after Tax) 5.37 2.56 18.6 15.0 **EPS - Continuing operations COMPANY OVERVIEW Company Overview Refex Industries Limited (RIL) Ash – Sustainable utilization of ash Wind – Global tech powered wind turbine manufacturing Premium Corporate Mobility – Tech-led mobility solutions Refex Industries Ltd: Scaling business through execution strength 23+ 3 500+ Years of Experience Business Verticals Team Size (Consolidated) 15.6% Revenue – ₹ 2,039 Cr ROE – 14+ EBITDA - ₹ 350 Cr 22.0% ROCE – Net Profit - ₹ 247 Cr Presence Across States FY26 (Standalone) FY26 (Standalone) Journey : A path of innovation & sustainability 2023 2024 Established & operationalized the Mobility Incorporated Venwind Refex Power business (Launched operations of RGML in Limited to expand into wind energy sector Chennai in Sep’23) 2018 2012 2009 Commenced ash and coal Renamed as Refex Industries Limited Set up a 5MW solar power handling services for thermal from Refex Refrigerants Limited plant in Rajasthan power plants 2002 2007 Refex Refrigerants Private Limited (now Refex Industries Listed on BSE as Refex Limited) commenced operations in the refrigerant gas sector Refrigerants Limited (IPO) ASH AND COAL HANDLING Ash Generation & Utilization Process Ash generation at thermal plants unutilized fly ash Coal source Coal pulverizer Boiler Electrostatic Fly ash silo dry Pond Ash (Wet) Precipitator/Baghouse storage Raw coal extracted from Coal is crushed into fine Combustion generates Electrostatic Collected directly from Unutilized ash mixed mines containing ~35% powder to increase heat for steam; min [Showing first 8,000 characters — download PDF for full document]