Analysts/Institutional Investor Meet/Con. Call Updates

BSL/SEC/2026-27/36 7th August, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza Bandra–Kurla, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai–400051 (Maharashtra) (Maharashtra) Scrip Code: 503722 Symbol: BANSWRAS Sub: Transcript of Q1FY27 Earnings Call held on 3rd August, 2026. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a transcript of the Q1FY27 Earnings Call held on Monday, 3rd August, 2026. The same is also available on the website of the Company i.e. https://www.banswarasyntex.com/transcript-of-earning-conference-call/ Please take the same on record. Yours Faithfully For BANSWARA SYNTEX LIMITED Shaleen Toshniwal Managing Director DIN: 00246432 Encl.: as above “Banswara Syntex Limited Q1 FY27 Earnings Conference Call” August 03, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recording uploaded on the stock exchange on 3rd August 2026 will prevail. MANAGEMENT: MR. RAVINDRA TOSHNIWAL – VICE CHAIRMAN – BANSWARA SYNTEX LIMITED MR. SHALEEN TOSHNIWAL – MANAGING DIRECTOR – BANSWARA SYNTEX LIMITED MS. KAVITA GANDHI – CHIEF FINANCIAL OFFICER – BANSWARA SYNTEX LIMITED SGA – INVESTOR RELATIONS ADVISORS – BANSWARA SYNTEX LIMITED Page 1 of 17 Banswara Syntex Limited August 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call hosted by Banswara Syntex 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 the 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 Mr. Ravindra Kumar Toshniwal, Vice Chairman of Banswara Syntex Limited. Thank you, and over to you, sir. Ravindra Toshniwal: Thank you. Hello, everyone. Good afternoon. I welcome you all to our quarter 1 FY27 Earnings Conference Call. Along with me, we have on this call our MD, Shaleen Toshniwal; our CFO, Ms. Kavita Gandhi; and SGA, our Investor Relations Advisors. I hope you all have been able to go through our investor presentation, which we uploaded on the exchange of our company website. So firstly, I would like to highlight a landmark development for the Indian textile industry, that is on the 15th of July 2026, the India-U.K. Free Trade Agreement came into effect. This marks a significant milestone in enhancing the global competitiveness of Indian textile and apparel exports. The elimination of import duties on Indian textiles and apparel entering the U.K. is expected to significantly improve the competitiveness of Indian manufacturers and strengthen our position as a preferred sourcing destination. We hope this will create opportunity to expand the country's share in the U.K. textile market. Supported by our improved pricing competitiveness and a deeper engagement with global brands and retailers, we hope to sustain a growth in exports. This agreement is expected to open a new phase for us. For Banswara Syntex in particular, it is an encouraging development because of our long-standing relationship with the U.K. and its leading customers. We Page 2 of 17 Banswara Syntex Limited August 03, 2026 have a strong presence in the value-added products and in our MMF products for the U.K. market. Our integrated manufacturing capabilities position us well to capitalize on these opportunities and the benefit of the India-U.K. FTA will begin to accrue from the coming quarters. We also believe that the potential conclusion of similar trade agreements with the European Union could further strengthen India's position and Banswara's position as a preferred global sourcing destination and create additional long- term growth opportunities for the company. Now let me take you through the financial performance for the quarter. Our total income increased by 4.1% to INR322.4 crores in quarter 1 FY27 on a year-on-year basis. The EBITDA stood at INR29.5 crores during the quarter. Profit before depreciation and tax came in at INR19.6 crores. The company recorded a profit after tax of INR4.4 crores in this quarter as compared to a loss of INR1.4 crores, which occurred in the quarter 1 of FY26. The year-on-year growth was supported by improved realizations and a higher contribution from value-added products. On a sequential basis, performance reflected the seasonally softer first quarter. This is always true for us, along with the temporary operational headwind, which is due to the labor availability during the first quarter. These challenges have now largely eased. Operations have stabilized, and we expect this positive momentum to continue over the coming quarters. Now moving to each of our business divisions. The yarn division recorded a revenue of INR96 crores in quarter 1 FY27 compared to INR110 crores in the corresponding quarter last year. Here, we have a reduction. Sales volume stood at 36 lakh kgs and the capacity utilization stood at 70% during the quarter. As we highlighted before, the temporary labor shortage during this season due to the various festivals and marriages does impact our production during this quarter and resulted in a lower output and sales. However, some improved price realization in the domestic yarn helped us to offset some of the impact. Another aspect of the quarter was the higher internal consumption of yarn to support our downstream fabric and Garment business. We prioritize our Page 3 of 17 Banswara Syntex Limited August 03, 2026 internal consumption. And while this resulted in lower external yarn sales, it's a conscious strategic decision under our vertically integrated business model. By increasing internal transfers, we are able to create greater value across the textile value chain, improve our overall operational efficiencies and enhance profitability at the consolidated level. We continue to increase the share of value-added yarns in our product portfolio, strengthening both the realizations and our upstream businesses. Looking ahead, the labor availability has improved significantly, and we expect our yarn division to normalize progressively over the coming quarters, enabling the yarn division to return to its normal operating level. Now the Fabric division. Moving to the Fabric division, we are pleased to report a strong start to FY27. The division delivered a revenue of INR147 crores, representing a healthy 25% year-on-year growth. Sales volume increased by 18% year-on-year to 59 lakh meters and capacity utilization improved to 80% during the quarter. This reflects a robust demand and better operational efficiencies across the business. One of the key growth drivers during the quarter was our continued focus on value-added fabrics. We have been consciously increasing the share of premium product categories such as our bi-stretch fabrics, both in poly viscose and poly-rich blends, wool blends, in our portfolio. This strategic shift has enabled us to achieve better realizations and enhance the value addition, thereby contributing meaningfully to the division's revenue growth. The demand remained healthy across the United States, the domestic market, while Europe and the Middle East witnessed a relatively softer demand. Despite this, our diversified customer base and geographic presence enabled us to deliver healthy growth. Importantly, our order book remains strong, providing good revenue visibility and confidence for the coming quarters. We continue to strengthen our customer portfolio and have added core articles with brands such as Haggar and with NEXT in the U.K. At the same time, we have further deepened our engagement with several existing customers, reflecting our confidence in the product and our customer Page 4 of 17 Banswara Syntex Limited Augu [Showing first 8,000 characters — download PDF for full document]