Press Release

August 07, 2026 BSE Limited N a t i o n al Stock Exchange of India Limited Corporate Relationship Department. E x c h a n g e Plaza, Plot No. C/1, G-Block PJ Towers, 25th Floor, B a n d r a K u rla Complex, Dalal Street, Mumbai- 400 001 B a n d r a (East), Mumbai- 400 051. BSE Scrip Code No. 543687 N S E S y m b o l : - D H ARMAJ Dear Sir/Madam, Sub.: Press Release Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Press Release dated August 07, 2026. Thanking you, For, Dharmaj Crop Guard Limited Malvika Bhadreshbhai Kapasi Company Secretary & Compliance Officer ACS52602 PRESS & MEDIA RELEASE D Ahmedabad, August 7, 2026 G Dharmaj Crop Guard Limited, one of the fastest-growing agrochemicals Company, dr announced its financial results for Q1FY27. mi Q1FY27 Financials Highlights (₹ Mn) REVENUE EBITDA PAT 3,841 573 381 5% YoY 13% YoY 17% YoY Commenting on the results, Mr. Jamankumar Talavia, Whole Time Director, said: Dharmaj has delivered a healthy start to FY27 in what has been a challenging operating environment. The quarter was marked by the El Nino effect and a slow start to the monsoon season. The monsoon onset was delayed across several key agricultural regions, which postponed Kharif sowing activity and led to a reduction in product demand through the quarter. It is in this context, and on a larger base of Q1FY26, that we have been able to deliver revenue growth of 5% YOY. This performance reflects disciplined execution by our teams amid challenging market conditions. On top of this revenue growth, the Company has been able to maintain robust profitability. EBITDA margins for Q1FY27 stood at 14.9%, compared to 13.8% in Q1FY26. This has been driven by a better product mix within our Domestic Branded Formulations vertical, and partially aided by price realisations during the quarter. Within Formulations, our Domestic Branded Formulations business has stood flattish on a YOY basis. However, it is important to note that the previous year had the benefit of an early start to the monsoon season, which supported off-take in Q1FY26, which was absent in Q1FY27. More relevant than the headline number is the shift in product mix within the Branded Formulations vertical, with a higher share of value-added products, which has aided profitability during the quarter. We view this mix improvement as the more durable outcome for the business. On the Export front, we have reported robust growth of 116% YOY, albeit on a smaller base of Q1FY26. The recovery we saw through FY26 has carried into the current year, and we expect this vertical to continue building scale as the year progresses. Our Active Ingredients business has marked a slow start to the year, with revenue down by 14% YOY for the quarter. This is largely on account of the ongoing West Asia crisis and the resulting macro headwinds, which have affected both input availability and demand patterns in the Technicals market. Through this period, we have remained focused on our longer-term strategy of aligning our Active Ingredients production with the captive requirements of our Formulations business. This alignment improves blended profitability at a Company level and allows us to better utilise existing capacity, even in a period where the external Technicals market remains uncertain. We continue to remain agile in this business given the dynamic situation the industry is navigating. On the project front, we remain on track with our new Formulations facility at Kerala GIDC, Ahmedabad, dedicated to Herbicides manufacturing. Herbicides will play an increasingly important role in our Formulations product mix going forward, and this facility provides the foundation for that growth. It will also release capacity at our existing facility, improving throughput during the peak Kharif season. Looking ahead, we reaffirm on our annual growth target and expect to build on this momentum as we proceed through the rest of the year. This confidence rests on three pillars: the strength of our Branded Formulations business, the scale-up of our Active Ingredients business, and a resurgence in our Exports vertical. The organisation remains fully geared to navigate the near-term challenges while staying focused on sustainable long-term growth. PRESS & MEDIA RELEASE D About Dharmaj Crop Guard Limited or Dharmaj Crop Guard Limited ("Dharmaj", "the Company'') is a dynamic and fast-growing agrochemicals company u engaged in manufacturing & marketing agrochemical formulations like insecticides, fungicides, herbicides, plant ra growth regulators, and micro fertilisers. The Company markets and distributes generic & licensed formulations to L B2C customers (farmers) under its brands and to B2B customers (institutional). Dharmaj is also engaged in the business of general insect and pest control chemicals for public and animal health protection. The Company recently entered active ingredients manufacturing to become an integrated player across the agrochemical value chain, with its 8,000 TPA intermediates & technicals greenfield unit at Sayakha. Dharmaj has been redefining the crop protection segment with top-quality formulation, product performance, ability to continually expand its portfolio, making it a trusted player in Indian agrochemical industry. Contact Us Mr. Vikas Agarwal Mr. Sayam Pokharna Chief Financial Officer Investor Relations Advisor DHARMAJ CROP GUARD LIMITED TIL ADVISORS PRIVATE LIMITED cfo@dharmajcrop.com sayam@theinvestmentlab.in Safe Harbour This document which have been prepared by Dharmaj Crop Guard Limited (the “Company”), have been prepared solely for information purposes. This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded. Certain matters discussed in this Document may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking information contained in this Document. Any forward-looking statements and projections made by third parties included in this Document are not adopted by the Company and the Company is not responsible for such third-party statements and projections.