Please find enclosed transcript of Investors/analyst call - Q1 FY 2026-27 unaudited Financial Results.

ASK AUTOMOTIVE LIMITED (Formerly known as A S K Automotive Private Limited) Date: August 10, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G, Bandra Kurla Dalal Street, Mumbai - 400 001 Complex, Bandra (East), Mumbai - 400 051 Scrip Code: 544022 Symbol: ASKAUTOLTD ISIN No.: INE491J01022 ISIN No.: INE491J01022 Re.: ASK Automotive Limited Re.: ASK Automotive Limited Sub: Transcript of Investors/analysts Call – Q1 FY 2026-27 Unaudited Financial Results Dear Sir/Madam, Pursuant to the requirement of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Transcript of Investors/analysts Call organized on August 05, 2026, post declaration of Unaudited Financial Results of the Company (Standalone & Consolidated) for the quarter ended on June 30, 2026. The same shall be available on our website i.e. www.askbrake.com. Kindly take the above information on your record. Thanking you. For ASK Automotive Limited Rajani Sharma Company Secretary &Compliance Officer Membership No.: ACS14391 Encl: As above Corporate Office: - Registered Office: Plot No. 13-14, Sector - 5, I.M.T. Manesar, Flat No. 104, 929/1, Naiwala, Distt. Gurgaon. PIN - 122050 (Hr.) IATF ISO ISO ISO Faiz Road, Karol Bagh, Ph: 0124 - 4396900 New Delhi - 110 005 e-mail: info@askbrake.com Tel: 011-28758433, 28759605 : roc@askbrake.com 011-28752694, 43071516 Website : www.askbrake.com CIN: L34300DL1988PLC030342 “ASK Automotive Limited Q1 FY27 Post Results Earnings Conference Call” August 05, 2026 MANAGEMENT: MR. KULDIP SINGH RATHEE – CHAIRMAN AND MANAGING DIRECTOR MR. PRASHANT RATHEE – JOINT MANAGING DIRECTOR MR. AMAN RATHEE – JOINT MANAGING DIRECTOR MR. NARESH KUMAR – CHIEF FINANCIAL OFFICER MR. MANOJ SHARMA – CHIEF GENERAL MANAGER – INVESTOR RELATIONS MODERATOR: MR. RUSHABH SHAH – ADFACTORS PR Page 1 of 11 ASK Automotive Limited August 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to the ASK Automotive Q1 FY27 Post Results Earnings Conference Call, hosted by Adfactors PR. 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. Rushabh Shah from Adfactors PR. Thank you and over to you, sir. Rushabh Shah: Thank you. A very good evening to everyone, and welcome to the Q1 FY27 Earnings Call of ASK Automotive Limited. From the senior management, we have with us Mr. Kuldip Singh Rathee, Chairman and Managing Director, Mr. Prashant Rathee, Joint Managing Director, Mr. Aman Rathee, Joint Managing Director, and Mr. Naresh Kumar, Chief Financial Officer, and Mr. Manoj Sharma, Chief General Manager Investor Relations. Before we begin the call, I would like to mention that some of the statements made during today's call may be forward-looking in nature, and hence, it may involve risks and uncertainties, including those related to the future financial and operating performance of the company. Please bear with us if there is a call drop during the course of the conference call. We would ensure that the call is reconnected at the earliest. I would now like to hand over the call to Mr. Kuldip Singh Rathee, Chairman and Managing Director, for his opening remarks. Thank you, and over to you, sir. Kuldip Singh Rathee: Thank you, Rushabh. Good evening, ladies and gentlemen. It's my great pleasure to welcome you all to our Q1 FY27 Earnings Conference Call. I hope you have had the opportunity to review the detailed presentation submitted to the exchanges and available on our website. FY27 has begun on a strong note for the Indian economy, which continues to be the world's fastest growing major economy. Domestic demand remains robust, private consumption is resilient, and the Government of India's structural reforms, particularly GST 2.0, continue to energize the broader economy and, importantly for us the automobile sector, given its deep forward and backward linkages. As you are aware, after 28th February 2026, the geopolitical conflict in West Asia had created undue volatility in energy, commodity, and currency markets, and had led to a sharp, phenomenal increase in aluminum alloy prices, which affected our industry. Despite these challenges, we are optimistic that the growth momentum will remain in the coming quarters. Now, let me begin by sharing a quick overview of the broader industry as reported by SIAM. The Indian automobile sector has carried strong momentum into the first quarter of FY27. Overall vehicle production across all segments registered a robust year-on-year growth of 22.1% in Q1 FY27. The two-wheeler segment, which is most relevant to us, recorded production growth of 22.8% on a year-on-year basis, with total two-wheeler production of 72.5 lakh units in Q1 FY27, up from 59.50 lakh units in the same quarter last year. Page 2 of 11 ASK Automotive Limited August 05, 2026 I would remind you that in Q1 of last year, two-wheeler production had grown by just 0.7%. The turnaround this year is therefore significant, driven by the GST 2.0 rate reduction, the personal income tax rationalization announced in the Union Budget, successive rate cuts, and liquidity measures by the Reserve Bank of India, a favorable base, and the introduction of new models. Looking ahead, we believe the industry will continue to benefit from these far-reaching reforms, improving consumer purchasing power, and easier access to vehicle finance. The monsoon deficit witnessed earlier in the season has eased on the back of rainfall in late June and early July, supporting the outlook for rural income and two-wheeler demand in the run-up to the festive season. Before we move on to ASK's business performance, we would like to highlight that on the green energy front, as already shared with you earlier, I am happy to update that our 9.9-megawatt solar power plant at Sirsa, Haryana has been fully operational and is delivering the sustainable operational economies on the expected lines. Our second captive solar plant of 11.55 megawatts at Bikaner, Rajasthan is ready and is expected to be commissioned in Q2FY27. This reflects ASK's special focus on green energy. Moving on to business updates, I am delighted to share with you that we had a strong performance in the first quarter in both revenue and profitability. This is the 11th consecutive quarter of robust performance by us since listing of the company. We achieved highest ever quarterly revenue, EBITDA, and PAT. We delivered strong performance in business and recorded consolidated revenue growth of 52.1%. Excluding pass- through impact of significant increase in alloy prices on revenue, that is 33.4%, and wheel assembly business strategic reduction, which reduced by 6.6%, overall net revenue has grown by 25.3% on year-on-year basis. We continue to outperform the two-wheeler industry vehicle production growth. We achieved EBITDA of Rs. 164 crore with 32.7% year-on-year growth. EBITDA margin stood at 12%. However, EBITDA percentage was impacted due to abrupt and phenomenal pass- through alloy price. We achieved PAT of Rs. 85 crore with 28.8% year-on-year growth. This reflects the result of our continued focus on expanding value-added businesses, improving utilization of production capacities, and bringing cost efficiencies. We have outperformed the industry growth and our aim is to continue on this growth path on a sustainable basis with clear focus on the bottom line to enhance the shareholder’s value. Volatility in alloy prices may affect margin percentages due to the denominator effect. However, with aluminum prices expected to remain benign in the coming quarters, we anticipate an i [Showing first 8,000 characters — download PDF for full document]