Transcript of the Earnings Call held on Friday, 07th August, 2026.

10th August, 2026 The Listing Department, The Manager The Manager, The Calcutta Stock Exchange Ltd. Department of Corporate Listing Department, 7, Lyons Range, Services, National Stock Exchange of India Ltd. Kolkata – 700001 BSE Limited Exchange Plaza, P. J. Towers, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai - 400001 Mumbai - 400051 Scrip Code- 022035 Scrip Code- 531241 Symbol- LINC Dear Sir / Madam, Sub: Post Earnings Call - Submission of Transcript. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of the Post Earnings (Group Conference) Call held on Friday, 7th August, 2026 and the same can also be accessed from the below link: https://linclimited.com/wp-content/uploads/2026/08/Transcripts-of-Earnings-call_Q1_2627.pdf This is for your information and records. Thanking You, Yours faithfully, For LINC LIMITED DIPANKAR DE Company Secretary Encl.: As above Linc Limited (CIN: L36991WB1994PLC065583) A: Aurora Water Front, 18th Floor, GN 34/1, Sector-V, Salt Lake, Kolkata- 700091 W.B., India. T: -91 33-6826 2100 W: www.linclimited.com, E: linc@linclimited.com “Linc Limited Q1 FY '27 Earnings Conference Call” August 07, 2026 MANAGEMENT: MR. ROHIT DEEPAK JALAN – WHOLE-TIME DIRECTOR – LINC LIMITED MR. N.K. DUJARI – DIRECTOR FINANCE AND CHIEF FINANCIAL OFFICER – LINC LIMITED MR. SANJEEV SANCHETI – UIRTUS ADVISORS LLC, INVESTOR RELATIONS ADVISOR – LINC LIMITED MODERATOR: MR. ANANTHANARAYAN J – SKP SECURITIES LIMITED ADVISORS Page 1 of 4 Linc Limited August 07, 2026 Moderator: Good afternoon, ladies and gentlemen. Welcome to the Linc Limited Q1 FY '27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the management opening remarks. 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. Ananthanarayan, SKP Securities Limited. Thank you, and over to you, sir. Ananthanarayan: Good afternoon, ladies and gentlemen. It's my pleasure to welcome you all on behalf of Linc Limited and SKP Securities to this financial results conference call. We have with us Mr. N.K. Dujari, Director Finance and CFO; and Mr. Sanjeev Sancheti from Uirtus Advisors LLP, the company's IR advisers. We will have the opening remarks by the management, followed by a Q&A session. Thank you, and over to you, Mr. Sanjeev. Sanjeev Sancheti: Thank you, Anant. Good afternoon to all the participants. Before I hand over the call to Mr. Dujari for the opening remarks, I would like to draw your attention to the safe harbor statement in the earnings presentation. I request each one of you to kindly go through the presentation, either now or before the Q&A starts, so that you are well aware of the earnings presentation details as well as the safe harbor statement. Request you to go through the same very carefully. Over to you, Mr. Dujari. N. K. Dujari: Good afternoon, and thank you for joining us for Linc Limited Quarter 1 FY '27 Investor Call. During the quarter, we delivered a stable performance despite a challenging operating environment marked by geopolitical uncertainty and elevated input costs. Operating income stood at INR13,895 lakhs, representing a Y-o-Y growth of 1.4%. Our business segment recorded varying trend during the quarter. Corporate sales declined by 14% against a high base in the previous year, while export revenue declined by 3% due to the continued impact of geopolitical uncertainty on global trade flows. At the same time, general trade grew by 8%, while e-commerce registered a robust growth of 32%, supported by sustained demand for our product portfolio and an increasing contribution from LINC On, our e- commerce-focused subsidiary. Corporate sales are inherently requirement based and influenced by the timing of order execution. Consequently, quarterly fluctuations are characteristic of this segment and do not indicate any structural change in the business. The steady growth in general trade and the strong performance of e-commerce underscore the continued progress of our brand building and distribution initiatives. Operating EBITDA for the quarter stood at INR1,209 lakhs with an EBITDA margin of 8.7% representing a Y-o-Y contraction of 89 bps. The margin pressure was primarily attributable to Page 2 of 4 Linc Limited August 07, 2026 an increased polymer prices, our principal raw material, driven by supply constraints and higher crude oil prices. This impact was partially offset by disciplined cost management. Looking ahead, we are seeing polymer prices ease, and we expect them to normalize over the coming quarters. Alongside this, we will continue to maintain a disciplined approach to cost management. For quarter 1 FY '27, PAT stood at INR581 lakhs, translating into a PAT margin of 4.2%, representing a Y-o-Y decline of 93 bps. Our balance sheet remains strong with net cash position of INR1,194 lakhs as on 30th June 2026, reflecting continued financial discipline. Asset productivity remained healthy with fixed asset turnover of 3.72x, indicating efficient utilization of the asset base. The cash conversion cycle stands at 65 days. Our international growth initiative continues to progress broadly in line with our previously outlined plan. -cUNI-LINC, our JV with Mitsubishi Pencil Company, Japan, remained operationally stable with export accounting for more than 50% of its revenue during the quarter. Operations at our JV in Turkey continues to progress steadily. The development of our subsidiary with Morris of Korea remains linked to the commissioning of the upcoming manufacturing facility in West Bengal which is expected to become operational by quarter 3 of FY '27. Sales momentum at our Kenya subsidiary has begun to improve, and we expect this positive trend to strengthen over the coming quarters. LINC On has remained stable in the current quarter and is expected to gain momentum in periods ahead. While the ramp-up of these initiatives has taken a little longer than initially envisaged, we believe the foundations being established are robust and well considered. The benefit of an improving product mix, disciplined execution and deepening strategic partnership are expected to become increasingly visible as near-term input cost pressure moderates. We remain committed to strengthening the business and creating a platform for sustainable long-term growth. Given the current uncertainties, we believe it will be prudent to await another quarter to gain better visibility before providing formal guidance on our outlook. We remain focused on maintaining financial discipline while executing our long-term growth initiatives. With that, now I open the floor for the questions. Moderator: We take the first question from the line of Sapna Devi from Renaissance Investment Managers. Sapna Devi: I have 3 questions. One is related to the market share. How has our market shares trended this quarter? Have we seen any market share gains or dip? And what's the long-term revenue growth guidance? And have we taken any price hikes considering the commodity inflation? How much of the price hike has been passed on to the customers vis-a-vis how much is yet to be passed on? And how much of the price hike has passed through has reflected in the margins this quarter? Page 3 of 4 Linc Limited August 07, 2026 And what is like -- question 2 would be what is the steady-state margin guidance we are expecting? N. K. Dujari: Yes, madam, market share -- as far as market share is concerned, there is no change during the quarter because the whole industry was facing this raw material availability issue and higher input cost across the manual as well as a few other inputs. Price hike -- as far as price hike is concerned, we could pass on arou [Showing first 8,000 characters — download PDF for full document]