Please find attached transcript of Q1 FY 27 Earnings Call.

CHAMBAL FERTILISERS AND CHEMICALS LIMITED Ref. No.: CFCL/SE/2026-27/39 August 6, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 25th Floor, Dalal Street Bandra Kurla Complex, Mumbai - 400 001 Bandra (E) Mumbai - 400 051 Dear Sir, In continuation to our letter dated July 23, 2026 and pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of Analysts / Investors conference call held on July 31, 2026, on the financial results of the Company for the quarter ended June 30, 2026, The said transcript is also available on the Company’s website at – https://investor.chambalfertilisers.com/EarningCallTranscripts.html You are requested to notify your constituents accordingly. Thanking you, Yours faithfully, For Chambal Fertilisers and Chemicals Limited (Tridib Barat) Vice President - Legal & Company Secretary Encl.: As above. Corporate One, First Floor, 5, Commercial Centre, Jasola, New Delhi - 110 025 • Tel.: 91-11-46581300, 41697900 • Fax: 91-11-40638679 Email : corporate@chambal.in • www.chambalfertilisers.com • CIN: L24124RJ1985PLC003293 Regd. Office : Gadepan, District Kota, Rajasthan -325 208 Tel No.: 91-744-2782915; Fax No : 91-7455-274130 Chambal Fertilisers and Chemicals Limited Q1 FY '27 Earnings Conference Call July 31, 2026 Moderator: Ladies and gentlemen, good day and welcome to Chambal Fertilisers and Chemicals Limited Q1 FY '27 Earnings Conference Call hosted by Valorem Advisors. 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 the conference call, please signal the operator by pressing star, then zero on your touchtone phone. Please note this conference is being recorded. I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you and over to you, ma'am. Purvangi Jain: Thank you. Good morning everyone and a warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations of Chambal Fertilisers and Chemicals Limited. On behalf of the company, I would like to thank you all for participating in the Company's earnings call for the 1st Quarter of the Financial Year 2026-27. Before we begin, let me mention a short cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's belief as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of today's earnings call is purely to educate and bring awareness about the Company's fundamental business and financial quarter under review. Let me now introduce you to the management participating with us in today's earnings call and hand it over to them for their opening remarks. We have with us Mr. Abhay Baijal, Managing Director, Mr. Narinder Goyal, Business Head - Manufacturing Operations, Mr. Anuj Jain, Chief Financial Officer, Mr. Ashish Srivastava, Vice President - Sales and Marketing, Mr. Tridib Barat, Vice President - Legal and Company Secretary and Mr. Vivek Misra, Business Head of TAN. Without any delay, I request Mr. Abhay Baijal to start with his opening remarks. Thank you and over to you, sir. Page 1 of 18 Abhay Baijal: Thank you. Good morning, everyone, and thank you for joining us on the conference call to discuss Chambal Fertilisers’ performance for the 1st Quarter of the Financial Year 2026-27. The Indian fertilizer industry continued to operate in a challenging environment during the first quarter, navigating geopolitical uncertainties, elevated raw material prices, and a delayed onset of the southwest monsoon. The geopolitical developments in West Asia continued to disrupt global fertilizer and energy supply chains during the early part of the quarter, resulting in sharp increases in the prices of key raw materials such as ammonia, Sulphur, and phosphatic intermediates, along with higher freight costs and procurement challenges. While conditions began to improve towards the end of the quarter as geopolitical tensions eased, raw material prices remained well above historical levels. The Indian agricultural season began on a relatively subdued note, with emerging El Nino conditions contributing to an uneven onset of the southwest monsoon and below-normal rainfall across several regions during June. Consequently, Kharif sowing and fertilizer offtake remained subdued during the early part of the season. As of the end of June, summer crop sowing stood at around 183 lakh hectares, approximately 23% lower year-on-year. Encouragingly, monsoon activity strengthened significantly during July, and sowing has since accelerated across major crop-growing states. According to the Ministry of Agriculture, acreage has broadly caught up with last year's levels, while the IMD continues to maintain its forecast of a normal monsoon. We believe these developments provide a favorable backdrop for agricultural activity and fertilizer demand during the balance of the year. The Government of India remained closely engaged with the fertilizer sector during the quarter, ensuring domestic gas availability for urea manufacturers and adequate DAP and NPK supplies ahead of the Kharif season. While the nutrient-based subsidy rates for Kharif were revised upwards by around 10%, these were announced prior to the sharp increase in global prices following the geopolitical developments in West Asia and therefore do not fully reflect the subsequent cost escalations. The industry continues to engage with the Department of Fertilizer on this matter, while timely subsidy disbursements have supported industry liquidity and ensured uninterrupted fertilizer availability. A very key development during the quarter was the Government's approval of the National Investment Policy for Urea 2026. We believe that the policy provides a very strong framework for future investments in domestic urea capacity, while reinforcing India's long-term commitment to self-sufficiency and food security. Accordingly, we have continued to progress Page 2 of 18 preparatory activities for a potential fourth urea plant, and any investment decision, however, will remain subject to the approval by our Board. Turning to the operational and financial for the quarter under review: Our urea business continued to operate despite the plant shutdown at Gadepan-1 and extended shutdown of Gadepan-2 during the quarter, which got bunched due to the geopolitical situation. The bulk fertilizer business also delivered healthy performance, supported by timely procurement of phosphatic and potassium fertilizers ahead of the Kharif season. During the quarter, we also expanded our portfolio with introduction of ammonium sulfate grade and continued to evaluate newer NPK grades to strengthen our balanced nutrition offering. Our crop protection chemicals and speciality business continued to strengthen its product portfolio with the launch of seven new products across herbicides, fungicides, and insecticides during the quarter. While demand was impacted by delayed sowing, the business delivered a meaningful improvement in profitability through better product mix, whereas seeds business expanded its portfolio with two new maize and bajra varieties. Our biologicals business continued to witness growth in volumes and revenues, driven by increasing farmer acceptance of sustainable crop solutions. The business also recorded profitability supported by a better product mix and scale benefits. We partnere [Showing first 8,000 characters — download PDF for full document]