Analysts/Institutional Investor Meet/Con. Call Updates

Date: 10.08.2026 The Secretary, National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor Plot No- ‘C’ Block, G Block Bandra- Kurla Complex, Bandra (E), Mumbai-400051 SYMBOL: TARACHAND Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 –Transcript of the Investor Meet held on 7th August, 2026, Friday at 03:00 PM(IST) Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we are hereby sharing the transcript to the Stock Exchange of the Investors Meet held on 7th August, 2026, Friday at 03:00 PM. The same shall also be made available on the website of the Company (www.tarachandindia.in) as per the prescribed timelines under the Listing Regulations. This above is for your information and records. Thanking you, Yours faithfully, For Tarachand Infralogistic Solutions Limited Shefali Singhal Company Secretary & Compliance Officer M. No.: A34314 Encl: As above “Tara Chand Infralogistic Solutions Limited Q1 FY27 Earnings Conference Call” August 07, 2026 MANAGEMENT: MR. HIMANSHU AGGARWAL – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER – TARA CHAND INFRALOGISTIC SOLUTIONS LIMITED MODERATOR: MR. ANKIT JAIN – STELLAR INVESTOR RELATIONS Page 1 of 12 Tara Chand Infralogistic Solutions Limited August 07, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY '27 Earnings Conference Call for Tara Chand Infralogistic Solutions 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. Ankit Jain from Stellar Investor Relations. Thank you, and over to you, sir. Ankit Jain: Thank you, Palak. Good afternoon, everyone, and thank you for joining us today. To discuss Q1 FY '27 business performance, we have with us the senior management team represented by Mr. Himanshu Aggarwal, Whole-Time Director and Chief Financial Officer. Before we proceed with this 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. The company also undertakes no obligation to update any forward-looking statements to reflect developments that occur after the statement is made. Documents related to the company's financial performance, including the investor presentation has been uploaded on the stock exchange and the company's website. I now invite Mr. Himanshu Aggarwal to share his initial remarks on the company's performance and then we will open the floor for Q&A. Thank you, and over to you, sir. Himanshu Aggarwal: Thank you, Ankit. Good afternoon, everyone, and thank you for joining us for the Q1 FY '27 earnings call. I'm Himanshu Aggarwal, Whole-Time Director and CFO of Tara Chand Infralogistic Solutions Limited. I hope you have had the chance to review the results and the presentation uploaded yesterday. Let me be straightforward at the outset. Q1 was a transitional quarter and the reported profit reflects that. Most of the pressure came from a sharp fall in our specialized services margin in this quarter as well as warehousing and transportation margin, both of which I will explain, rather than from anything broad-based in the business. Let me walk you through what happened, what is temporary and where I expect us to be by the end of the year. So revenue from operations grew 11% year-on-year to INR67.6 crores or about 14% if we adjust for the INR1.86 crores write-off relating to earlier years, which I'll come to later. EBITDA was INR21 crores at a margin of 30.7%, below both last year's first quarter and our medium-term band of 37% to 38%. Profit after tax was at INR1.7 crores or about INR3.3 crores if we exclude roughly INR2.2 crores of prior period items. The number I would ask you to hold on to is our cash profit, which was INR17.6 crores for the quarter, down only 6%, well ahead of reported profit. That gap, as you know, is depreciation of INR16 crores on the fleet that we have built over the last 2 years. The machines are earning cash. The accounting profit is carrying the cost of the build. Page 2 of 12 Tara Chand Infralogistic Solutions Limited August 07, 2026 Three things that I would like to draw your attention to. First and most important, the margin in our Specialized Services business almost halved this quarter coming in at about 10% against roughly 18% normally. The main reason was a client-led change in the scope of a project that we had carried in from the previous quarter, which left our equipment and manpower idle, which was mobilized at the client site, and it also gave us additional demobilization cost with no revenue against it. That fed into the equipment segment more broadly with our stand-alone rental margin at 54% against our usual 58% to 62% and utilization dropping to about 79%. We are in active discussion with the client for an appropriate settlement of the losses this change caused us, and I expect that to conclude in the subsequent quarter. I won't put a number on it today. I'll update you as soon as we have it settled. I want to be clear about what this is and this is not. It is a specific one-off disruption on one project. It is not a change in the demand for our equipment or in the economics of our fleet. In fact, our end market mix moved from other segments into more into renewable energy and power sectors with renewable energy now accounting for 31% of our rental revenue and power at 26%, together giving 57% against 24% of last year. We have pointed our fleet at where India is building today. Second, our Warehousing & Transportation segment had a below par quarter, revenue of just INR18.7 crores against INR29.5 crores last year and 1.63 million tonnes of steel handled in this quarter. EBITDA dropped to 1% from 16% for the same period last year. And last year's quarter still carried our RINL Visakhapatnam contract, which concluded in about -- in Q3 FY '26, while our new Dankuni Stockyard is still scaling up. The steel movement was also subdued amid higher fuel costs in Q1 due to geopolitical reasons as well as there was a decline in steel prices, which again led to lesser movement of steel by the OEMs that we work with. I expect this segment to recover through the year. Third, we cleared about INR2.2 crores of prior -- prior year items, a INR1.86 crore revenue write-off and a INR30 lakh exceptional charge for a nonrecoverable earnest money deposit on old warehousing and transportation works, onetime and now behind us. Through all of this, the balance sheet strengthened. We deployed INR42.8 crores of capex in the quarter, taking gross block to INR601 crores and still brought our net debt to equity down to 0.87x from 0.92, which is inside our 1x ceiling. One area that we are not satisfied with is the receivable days that still stands at about 97 days against our target of 80. The bulk remains the RINL closure recovery, which is taking longer than I expected. And I now see those collections coming into the H2 of this financial year, and we remain committed to bringing the number below 80 days by the year-end. On the outlook, let me be measured. I expect the first half of FY '27 to run below our 37% to 38% EBITDA margin band for the reasons I have described above. With margins recovering through the second half as the affected equipment redeploys, the disputed project settles and the new capex starts generating revenue. Certain of our specialized services revenues are expected Page 3 of 12 Tara Chand Infralogistic Solutions Limited August 07, 2026 to stabilize towards the end of the second quarter, which should support the quarters tha [Showing first 8,000 characters — download PDF for full document]