Dear Sir/Madam, Please find the attachment herewith Announcement under Regulation 30 (LODR) Earnings Call Transcript

NEL/028/2026-27 Date: 01st August, 2026 The Secretary Corporate Relationship Department National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, 1st Floor, New Trading Ring, 'G' Block, Bandra-Kurla Complex, Rotunda Building, P. J. Towers, Bandra (East), Mumbai – 400051 Dalal Street, Fort, Mumbai – 400001. Ref: Symbol– NAVNETEDUL Ref: Scrip Code – 508989 Dear Sir / Madam, Sub: Disclosure of Transcript of Earning Call for Q1 FY 27. In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the transcript of the earnings call held on Wednesday, 29th July, 2026 with investors and analysts to discuss the Operational and Financial performance of the Company for Q1FY27. We also inform that the said transcript is available on the website of the Company www.navneet.com. You are requested to take note of the above. Thanking You, Yours faithfully, FOR NAVNEET EDUCATION LIMITED AMIT D. BUCH COMPANY SECRETARY MEMBERSHIP NO. A15239 “Navneet Education Limited Q1 FY‘27 Earnings Conference Call” July 29, 2026 MANAGEMENT: MR. SUNIL GALA – MANAGING DIRECTOR OF NAVNEET EDUCATION LIMITED MR. KALPESH DEDHIA – CHIEF FINANCIAL OFFICER, NAVNEET EDUCATION LIMITED MR. ROOMY MISTRY – HEAD (INVESTOR RELATION), NAVNEET EDUCATION LIMITED Page 1 of 16 Navneet Education Limited July 29, 2026 Moderator: Ladies and gentlemen, good day and welcome to Navneet Education Limited Q1 FY27 Earnings Conference Call. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guaranteed of future performance and involve risks and authorities that are difficult to predict. As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing “*”, then “0” on your touchtone phone. Please note that this conference is being recorded. I now hand over the conference to Mr. Sunil Gala – Managing Director of Navneet Education Limited. Thank you and over to you, sir. Sunil Gala: Thank you very much. Good afternoon, everyone. Thank you for joining us today. I am pleased to present our financial and operational performance for the 1st Quarter of the Financial Year 2027. We are navigating a dynamic market environment. Our Q1 FY27 Results highlight both temporary transitions and the incredible resilience of our core domestic businesses. First, I will talk about basic numbers and, of course, then I will talk about in detail further each of the business. So, the total revenue of the company remained at Rs. 785 crores, of course, little lower than what we did in 1st Quarter FY26. Within that, our Publication division recorded a minor dip 3%, moving from Rs. 419 crore down to Rs. 405 crore. As well as the Stationery segment is concerned, it registered a just small 2%, growing to Rs. 380 crore from Rs. 372 crores. And within Stationery, Domestic Stationery vertical, it grew by 26% versus Export Stationery contracted by around 9%. Now I will talk about the businesses: First, let me analyze the Publication division and Curriculum Impact: The structural landscape of our Publishing division is currently undergoing a favorable shift. Promising curriculum changes are actively unfolding across two of our primary markets, Maharashtra and Gujarat. Page 2 of 16 Navneet Education Limited July 29, 2026 While this transition bodes well for our market leadership, it also caused a notable spillover of business from 1st Quarter into the 2nd Quarter. Because of this timing difference, our real growth is not fully reflected in the 1st Quarter numbers. The reason also I should tell you that we normally publish our Publications post release of textbooks from the respective state governments. Now those textbooks were released quite late and not as per the academic year. And therefore, we also could not deliver our curriculum products in the market, which happened in Q2, particularly in July. So, to gain a truly holistic and accurate picture of how these curriculum changes are positively impacting our business, we must look at our performance across the entire first half of the year, FY27. Of course, this I am always talking about not looking at the numbers on a quarterly basis for a seasonal business. The management team remains exceptionally confident about delivering reasonable growth in this segment as the year progresses. Now I will talk about Stationery segment. First about domestic: So, our Stationery business delivered a resilient performance this quarter. Of course, again repeating, the quarter performance does not reflect the full year’s performance. But in this quarter, a strong domestic expansion successfully neutralized severe international headwinds to keep our total segment revenues net positive. The standout star of the quarter was Domestic Stationery experiencing 26% surge. It is, of course, for the current year fastest growing engine for us. And this growth highlights a robust local demand, deeper market penetration, and increasingly stronger connection with Indian consumer. To sustain this momentum, we have initiated a long-term strategic plan. And this includes aggressive investments in branding and the key appointment of additional senior talent specifically for our Non-Paper Stationery vertical. While these upfront investments have placed temporary pressure on the segment’s short-term profitability, the management team is firmly convinced on this, on the immense long-term benefits that the branding and the diversification into non-paper portfolio will unlock for our shareholders. A little bit on our exports: The Stationery business faced a tough environment this quarter. The tough environment is mainly on account of supply chain disruptions escalating geopolitical challenges and overall Page 3 of 16 Navneet Education Limited July 29, 2026 weakening of demand in our market, majorly to the US. Of course, we can talk in detail about it in Q&A. Beyond these challenges, as you know, we had put up a new polymer plant, which was primarily set up to feed our exports market. We could not utilize to its optimum capacity due to this global slowdown. And this lower capacity utilization created under-absorbed overheads, which further compressed the overall profitability of our Stationery segment. We view these international challenges as temporary obstacles rather than permanent roadblocks. We are actively refining our global supply chain strategies and adjusting factory outputs to better align with fluid global landscape. So, in summary, our business is undergoing a vital structural mix shifts. While we are temporarily losing traction abroad temporarily, our Publishing division and Domestic Stationery business will emerge as our critical growth drivers, particularly for the current year. Moving forward, we will continue to double down on our high margin domestic operations, that is the Publication business. And we are deploying targeted product innovations and aggressive marketing strategies across our Domestic Stationery portfolio to capture even more market share. Backed by favorable domestic tailwinds and sharp execution, we are confident that our strategic pillars will drive sustainable long-term value for all of our stakeholders. Thank you very much. Instead of me talking more on the business, I would prefer now questions from you all, which I will try giving and satisfying your questions. Thank you. Moderator: Thank you very much. We will now begin the question-and-answer session. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Madhur Rathi from Countercyclical Investments. Please proceed. Madhur Rathi: S [Showing first 8,000 characters — download PDF for full document]