Analysts/Institutional Investor Meet/Con. Call Updates

.VEfll. & +91120 4308100 & +911204311010/11 ENGINEERING & INDUSTRIES LTD. € www.trivenigroup.com By E-filing REF:TEIL:SE: Date:04" August, 2026 BSE Limited National Stock Exchange of India Ltd., P.J. Tower, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), MUMBA-L 40I0 001 MUMBA-L 40I0 051 Thru: BSE Listing Centre Thru; NEAPS STOCK CODE: 532356 STOCK CODE: TRIVENI Sub: Transcript of Analyst/ Investor Conference Call held on 30 July, 2026 Dear Sirs, Pursuant to Regulation 46 of SEBI (LODR) Regulations, 2015, please find enclosed transcript of the Analyst/ Investor Conference Call held on 30th July, 2026 post announcement of unaudited financial results of the Company for the Q1 FY27 ended on June 30, 2026. The transcript is also available on the website of the Company at: www.trivenigroup.com You are requested to kindily take the same in your record. Thanking you, Yours faithfully, For Triveni Engineering & Industries Ltd. = ETA BHALLA Group Vice President & Company Secretary M.No. A9475 Encl: As above _ Comporate Office: 8" Floor, Express Trade Towers, Plot 15 & 16, Sector 16-A, Noida, Uttar Pradesh — 201301, India. Registered Office: A-44, Hosiery Complex, Phase-Il Extension, Noida-201 305, Uttar Pradesh. CIN No.: L15421UP1932PLC022174 Triveni Engineering & Industries Limited Q1 FY27 Earnings Conference Call Transcript July 30, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Triveni Engineering & Industries Limited Q1 FY 2027 Earnings Conference Call. I now hand the conference over to Mr. Gavin Desa from CDR India. Thank you, and over to you. Gavin Desa: Thank you. Good day everyone, and a warm welcome to everyone participating in Triveni Engineering & Industries Q1 FY 2027 earnings call. We have with us today, Mr. Tarun Sawhney, the Vice Chairman and Managing Director; Mr. Suresh Taneja, the Group CFO; and Mr. Sameer Sinha, CEO, Sugar Business. Before we begin, I would like to mention that some statements made in today's discussions may be forward-looking in nature, and a statement to this effect has been included in the invite, which has been shared with you earlier. I would also like to emphasise that while this call is open to all invitees, it may not be broadcast or reproduced in any manner. I would now like to hand over to Mr. Tarun Sawhney to make his opening remarks. Over to you, Tarun. Tarun Sawhney: Thank you, Gavin. Good afternoon, ladies and gentlemen, and welcome to the Q1 FY27 earnings conference call for Triveni Engineering & Industries Limited. Fiscal 2027 marks the beginning of a new phase for the company. After NCLT approval, the composite scheme of arrangement became effective from the 19th of May 2026. The power transmission business has been de-merged and vested in Triveni Power Transmission Limited with effect of 1st of April 2026. Accordingly, the Q1FY27 numbers for TEIL are for the continuing operations with the earlier period restated accordingly. I will first cover the consolidated financial performance and then discuss the business-wise performance and closely with a perspective on the outlook for the various businesses as well. Our first quarter performance reflects improved operating performance in the sugar and distillery businesses, leading to an improvement in the profitability despite a challenging backdrop of lower cane yields, higher sugarcane costs, and evolving ethanol demand, and of course, slower revenue conversion in the water business. The revenues from operations grew by 2% year-on-year to ₹1,581 crores, supported by higher sugar sales volumes and better sugar realisation, and partly offset by lower alcohol offtake and slightly lower water revenue. Page 1 of 19 The EBITDA increased by 6% year-on-year, and the profit before tax stood at ₹5 crores versus a loss of ₹9 crores in Q1 FY26. The improvement in profitability was primarily driven by higher sugar margins and better operating performance in the alcohol/distillery business, including lower maize procurement costs, better DDGS realisations, and operating efficiencies. The standalone gross debt reduced to ₹1,238 crores, which comprised of term loans of ₹376 crores and a working capital of ₹862 crores as on the 30th of June 2026, which is compared to ₹1,603 crores of term loans of ₹443 crores in working capital of ₹1,160 crores as on the 30th of June in the previous corresponding year. The consolidated average cost of funds has reduced by a significant 70 basis points to 6.8% during the quarter, compared with, 7.5% in the previous corresponding quarter. I would like to point out that this has been actually an extremely challenging task in this environment where our bankers have been hesitant. However, we have been persuasive and very successful in continuously reducing our cost of funds and making them more suitable and according to our debt rating in the market. Turning quickly to the business wise review, I would like to cover the sugar business first. We witnessed a lower sugarcane crush for the sugar season 2025-2026 of 8.25 million metric tonnes, which was lower by approximately 9% compared to the previous sugar season. This was due to poorer yields eventually across our eight sugar factories and also an increased diversion, especially in Western Uttar Pradesh. However, our intensive cane development initiatives have yielded excellent outcomes as compared to the previous year, where gross recovery improved by 26 basis points to 11.1%, and that helped achieve almost similar level of production costs, despite a lower crush. I think it's important to mention that there's been a combination of factors that have allowed the performance of sugarcane actually to improve the input into the sugar plants. A lot of that has to do with select varietal replacement. A lot of that has to do with a more prescriptive approach towards pest and disease and the management in the fields across not just the grand growth period, but across the entire sugar year. And of course, increased interfaces with farmers using digital platforms, as well as more physical platforms, and advice given by the vast array of consultants and experts that we have on our rolls as well. Despite this, our sugar business has delivered a stable profitability during Q1 fiscal 2027. Domestic dispatches grew by 7%, and the average realisation improved by 3%. The segment revenue rose 6% year-on-year to ₹1,235 crores, and the PBIT for the sugar business stood at ₹14 crores, an increase of about 82% versus the previous corresponding quarter. The sugar inventory as on the 30th of June, stood at 3.59 lakh metric tonnes, valued at ₹38.41 per kilo, compared to 4.45 lakh metric tonnes in the previous corresponding quarter, valued at ₹37.41 as on the 30th of June 2025. The current prices of sugar as on today are approximately ₹4,600 per quintal for refined sugar and ₹4,525 per quintal for sulphitation sugar. So, a reasonable increase than the average for the previous quarter. Turning to the alcohol and distillery business, we have continued our robust turnaround trajectory, and the key contributor to the improvement in overall productivity has been the mix, of course, of product as well as the procurement prices. That has been a very solid contributing factor towards the turnaround in this business. Page 2 of 19 The production was 57,488 kilolitres, which was down 12% year-on-year, and the sales volume was 50,483 kilolitres, which was down approximately 19%. And this was primarily due to lower sales orders, resulting in the decline of revenue by 13% to ₹373 crores. Despite the lower offtake, the PBIT improved 32% to ₹31 crores. This was supported by lower maize procurement prices, and better DDGS realisations, and improved feedstock economics from the ongoing cost optimisation programme that has not yet concluded. We continue over the next quarter as well. So, we hope to actually see more cost optimisation improvements for the following quarter, and of course, beyond. D [Showing first 8,000 characters — download PDF for full document]