Analysts/Institutional Investor Meet/Con. Call Updates

Date: August 04, 2026 Listing Department Department of Corporate Service National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Bandra (East), Mumbai - 400 051. Scrip Code: 543573 Symbol: SYRMA Subject: Earnings Call transcript of the Investors Conference Call held for the unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 2026. Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the Transcript in respect to the Earning Conference Call on the unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 2026, held on Thursday, July 30, 2026, at 10:30 AM (IST). The transcript of the conference call will also be accessed at the website of the Company at https://www.syrmasgs.com/investor-relations . We request you to take the same on your record. For Syrma SGS Technology Limited Bhabagrahi Pradhan Company Secretary & Compliance Officer M. No.: F4921 Place: Gurgaon “Syrma SGS Technology Limited Q1 FY '27 Investors Conference Call” July 30, 2026 MANAGEMENT: MR. J. S. GUJRAL – MANAGING DIRECTOR – SYRMA SGS TECHNOLOGY LIMITED MR. JAYESH DOSHI – WHOLE-TIME DIRECTOR – SYRMA SGS TECHNOLOGY LIMITED MR. JAIDIT SINGH BRAR – CHIEF EXECUTIVE OFFICER – SYRMA SGS TECHNOLOGY LIMITED MR. BIJAY AGRAWAL – CHIEF FINANCIAL OFFICER – SYRMA SGS TECHNOLOGY LIMITED MR. NIKHIL GUPTA – HEAD, INVESTOR RELATIONS – SYRMA SGS TECHNOLOGY LIMITED MODERATOR: MR. NIKHIL KANDOI – AXIS CAPITAL LIMITED Page 1 of 27 Syrma SGS Technology Limited July 30, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Syrma SGS Technology Q1 FY '27 Investors Con Call hosted by Axis Capital Limited. 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 this conference call, please signal an operator by pressing ‘*’ then ‘0’ on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Nikhil Kandoi from Axis Capital. Thank you and over to you, sir. Nikhil, sir, please go ahead. Nikhil Kandoi: Thank you everyone for joining the call. We are hosting Syrma SGS Q1 FY '27 Con Call. I will now hand over the floor to Nikhil Gupta for their opening remarks. Thank you for the opportunity, Syrma management. Nikhil Gupta: Thank you, Nikhil. A very good morning to all of you. On behalf of Syrma SGS family, we welcome you all to the Syrma SGS Quarter 1 Fiscal Year 2027 Earnings Call. We have with us today, Mr. J.S. Gujral, Managing Director; Mr. Jayesh Doshi, Whole-Time Director; Mr. Jaidit Singh Brar, Chief Executive Officer; and Mr. Bijay Agrawal, Chief Financial Officer, Syrma SGS, to discuss the performance of the company during the 1st Quarter and Fiscal Year 2027, followed by a detailed question-and-answer session. Kindly note, during the call, certain statements that will be made are forward-looking, which involves several risks, uncertainties, assumptions, and other factors that can cause results to differ materially from those in such forward-looking statements. All forward-looking statements made herein are based on the information presently available to the management and to the company, and the company does not undertake to update any forward-looking statements that may be made during this call. In this regard, kindly review the disclaimer statement in the earnings release and all other factors that can cause a difference. With this, I will now hand over the call to Mr. J.S. Gujral, Managing Director, Syrma SGS. Thank you. J.S. Gujral: Good morning, ladies and gentlemen. A very warm welcome to the Q1 FY '27 Earning Call of Syrma SGS Technology Limited. Always a pleasure to interact with all of you. Before I start the summary of what has happened and what is going to happen, I would request our new CEO – Jaidit Brar, to just say hello to all the analysts and the participants and introduce himself before I take up on the detailed presentation. Jaidit? Page 2 of 27 Syrma SGS Technology Limited July 30, 2026 Jaidit Singh Brar: Thank you, Mr. Gujral. Good morning, all analysts, and I am delighted to be here. I joined Syrma SGS on 29th of June. I have spent 24 years at McKinsey and then I have spent two years after that in various roles in the automotive and the energy industry. I am very excited about the opportunities and the potential of Syrma SGS and I am looking forward to my journey here. Thank you. J.S. Gujral: Now, I think we have had a lovely, strong 1st Quarter, which lays the foundation for us to grow as per plan for the current year. This quarter, despite the turbulations of the geopolitical problems which we are having in the Middle East, which translated into supply chain constraints, we were able to register a robust growth on all parameters, whether it was the top line, EBITDA, PBT, PAT, which grew by more than 100%. Those figures are available with everyone. I will not delve on that in detail. I will highlight two qualitative factors in this quarter: • The first one is the continued buoyancy in the exports. Exports last year grew by 40%. This 1st Quarter, they have grown by 61%. Now, this positions us well to further integrate to the global supply chain market. And as I have all the time been saying, for a long-term, sustained, profitable growth, integration of the Indian EMS companies with the global clients is a must. And I think the efforts which our teams have put in the past two years have shown results last year and are showing even superior results this year. So, going forward, I believe exports would continue to be one of the mainstays for our growth and profitability. • The second factor is that my ODM sales, which is our own design manufacture sales, have gone up by almost 100%. Last year, they have gone up by about 82% to Rs. 825 crores. And this year, in 1st Quarter, they have gone up. They have been Rs. 270 crores versus Rs. 125 crores last year. So, these two pillars for the growth, when they are registering a very high sort of growth trajectory augurs well for us to deliver superior performances in the coming quarters. There has been a secular growth in almost all the verticals. I personally don't foresee demand side to be a constraint in the coming quarters. I think demand from across verticals is robust. Our medical vertical, MedTech vertical is doing very well and has started picking up. Defense vertical early, but going forward in the coming quarters, it will scale up. What is worrying not from a micro-level Syrma SGS perspective, but from an industrial level, is the supply chain constraint. While demand remains bullish, supply chain is a cause of concern because of the geopolitical situation, supply of some specialty chemicals which go into the PCB making, lead time of components going up. So, what we are focused on in Syrma SGS is to ensure that our customers don't suffer because of these supply chain constraints. We have formed a war room in the company to look at this, Page 3 of 27 Syrma SGS Technology Limited July 30, 2026 and every customer, every component shortage is being minutely monitored at the senior-most level. We have also taken a cautious call that we will not treat inventory as a working capital, at least for the next quarter or two. Inventory will be treated as a strategic asset, strategic investment. So, I personally believe across the industry, we will see a tad increase in the inventory levels in terms of number of days till the situation normalizes. I expect maybe six months down the line, when we talk to the manufacturers and distributors, they say by end of Calendar '26, situation should be back to normal. So, in the next six, eight months, five mont [Showing first 8,000 characters — download PDF for full document]