Transcript of the Earnings Call held on 31st July, 2026

Date: 05th August, 2026 BSE Limited, National Stock Exchange of India Ltd. Phiroze Jijibhoy Tower, Exchange Plaza, 5th Floor, Dalal Street, Plot No. C/1, G Block, Mumbai Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 Scrip Code: 503811 Company Symbol: SIYSIL Sub: Transcript of Analyst / Investor Meet held on 31st July, 2026 In nexus to the captioned subject and in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed is the Transcript of the Analyst/ Investor Meet held on 31st July, 2026. The same will also be available on the website of the Company www.siyaram.com. This is for your information and records. Thanking you, Yours faithfully, For SIYARAM SILK MILLS LIMITED Mahipal Thakur Company Secretary & Compliance Officer Encl: a/a. Corporate office: B - 5, Trade World, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013 (India) Phone: 022-3040 0500/ 6833 0500 Email: sharedept@siyaram.com Internet: www.siyaram.com CIN : L17116MH1978PLC020451 Registered Office: H – 3/2, MIDC, A – Road, Tarapur, Boisar, Thane – 401 506 (Mah.) “Siyaram Silk Mills Limited Q1 FY27 Earnings Conference Call” July 31, 2026 MANAGEMENT: MR. GAURAV PODDAR – PRESIDENT AND EXECUTIVE DIRECTOR – SIYARAM SILK MILLS LIMITED MR. ASHOK JALAN – SENIOR PRESIDENT AND DIRECTOR – SIYARAM SILK MILLS LIMITED MR. SURENDRA SHETTY – CHIEF FINANCIAL OFFICER – SIYARAM SILK MILLS LIMITED MR. DINESH JAITHLIYA – VICE PRESIDENT, FINANCE – SIYARAM SILK MILLS LIMITED MODERATOR: MS. DEVANSHI DADHICH – MUFG Page 1 of 12 Siyaram Silk Mills Limited July 31, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Siyaram Silk Mills Limited Q1 FY27 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 this 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 Ms. Devanshi. Thank you, and over to you. Devanshi Dadhich: Thank you, Ananya. Good morning, ladies and gentlemen. I welcome you to the Q1 FY27 Earnings Conference Call of Siyaram Silk Mills Limited. To discuss this quarter's performance, we have from the management, Mr. Gaurav Poddar, President and Executive Director; Mr. Ashok Jalan, Senior President and Director; Mr. Surendra Shetty, Chief Financial Officer; and Mr. Dinesh Jaithliya, Vice President, Finance. Before we proceed with the call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For more details, kindly refer to the investor presentation and other filings that can be found on the company's website. Without further ado, I would like to hand over the call to the management for their opening remarks, and then we can open the floor for Q&A. Thank you, and over to you sir. Gaurav Poddar: Good afternoon, everyone, and thank you for joining us today for Siyaram Silk Mills Limited's Q1 FY27 Earnings Conference Call. As we begin a new financial year, we are pleased to connect with our shareholders, investors, analysts and stakeholders to discuss the company's performance and key developments during the quarter. Our financial results and investor presentation have been made available on the stock exchanges and on the company's website for your reference. Over the years, Siyaram Silk Mills Limited has established itself as one of India's most trusted names in premium fabrics, apparel and textile products. While remaining deeply rooted in its rich fabric heritage, the company is embracing a new phase of growth through Siyaram 2.0 marked by sharper design thinking, contemporary merchandising and a retail-first approach. This transformation is being driven by ZECODE and DEVO, 2 retail brands designed to cater to the evolving aspirations of today's consumers. Through these brands, Siyaram is strengthening its direct connect with customers by offering modern fashion, enhanced shopping experiences and greater accessibility. Building on our long-term retail strategy, we continue to expand our presence across key markets through ZECODE and DEVO brands. During the quarter, we added 3 ZECODE stores and 2 DEVO stores, taking the total store count to 30 and 19, respectively. We plan to reach approximately total 70 stores across both brands in FY27. All this expansion is funded through internal accruals. Coming to the overall industry, the demand environment remained stable during the quarter, although wedding and occasion-led consumption witnessed some moderation due to the Adhik Page 2 of 12 Siyaram Silk Mills Limited July 31, 2026 Maas period, which traditionally leads to the postponement of discretionary purchases. Consumer spending also remained value conscious, while inflationary pressures on the input costs persisted during the quarter, influencing purchasing decisions across segments. Against this backdrop, Siyaram remains focused on driving growth through our strong brands, diversified product portfolio and extensive distribution network. We are putting consistent efforts to strengthen our market presence, expand customer reach and enhance execution across channels, enabling us to make steady progress across our businesses during the quarter. As we progress through FY27, our efforts remain focused on deepening consumer relationships, enhancing brand visibility and driving operational excellence across the organization. Along with the continued expansion of our ZECODE and DEVO network, we are working across the value chain to ensure greater efficiency and scalability. With our expansion plans, we are also intensifying our marketing efforts to strengthen brand visibility and deepening consumer engagement. We began FY27 on a positive note with total income increased to INR466 crores in Q1 FY27 from INR400 crores in the corresponding quarter of the previous year, representing a growth of 16.4%. This performance demonstrates the resilience of our business supported by operational discipline, customer-centric initiatives and sustained momentum across our operations. As a significant corporate development during the quarter, the scheme for issuing cumulative nonconvertible redeemable preference shares by way of bonus to the equity shareholders of the company has been approved by the NCLT, Mumbai vide its order 21st July 2026. The Board of Directors at its meeting held on 30th July 2026, took note of the NCLT order and made the scheme effective from 30th July 2026. The company has also fixed 22nd August 2026 as the record date for determining the eligible shareholders entitled to receive these redeemable preference shares under the scheme. As we move forward, we remain committed to executing our strategy with discipline and agility while creating long-term value for our stakeholders. With that, I would now like to invite our CFO, Mr. Surendra Shetty, to take you through the financial highlights for the quarter. Thank you. Surendra Shetty: Thank you, Gaurav ji. Good afternoon, everyone. Let me now take you through our standalone financial performance for the first quarter of FY27. Our total income for Q1 FY27 stood at INR466 crores as compared to INR400 crores in the Q1 FY26, reflecting a year-on-year growth of 16.4%. Our revenue mix for the quarter comprised Fabrics at 71%, Garments 19% and Yarn & Others at 10%. We are pleased to report an EBITDA of INR40 crores for the quarter compared to INR33 crores in the corresponding period of last year, registering year-on-year growth of 22.3%. EBITDA margin for the quarter stood at 8.6%. Profit after tax for the Q1 FY27 stood at INR11 crores as against INR5 crores in the quarter 1 of financial year '26 representing a year-on-year growth of 144.4%. The growth is largely due Page 3 of 12 Siyaram Silk [Showing first 8,000 characters — download PDF for full document]