Presentation on New line of Business

August 11, 2026 The Bombay Stock Exchange Ltd The National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra East, Mumbai 400 051 Security Code:-523301 Trading Symbol:- TCPLPACK Dear Sir(s), Re:- Presentation on New line of Business We wish to inform you that Board of Directors of the company at their Meeting held today, inter-alia considered and approved entering into new line of business of manufacturing lithium-ion battery separator films through a subsidiary company proposed to be incorporated for this purpose. Attached is Presentation in this regard. We request you to take the same on records in the interest of general public at large. Thanking You For TCPL Packaging Limited Compliance Officer Encl. As above Strategic Foray into Advanced Chemistry Cell Battery Materials Announcing Entry into Lithium-ion Battery Separator Film Manufacturing August 11, 2026 Battery Materials Venture At a Glance Venture Strategic Fit Investment Timeline Manufacture of Builds on the Proposed Project lithium-ion battery Group’s capabilities investment of ₹125 implementation during separator films, in specialised films, crore 2026 and 2027 enabling polymer processing, To be deployed over participation in the precision the next 18 months Commercial Advanced manufacturing, R&D, through a subsidiary production targeted Chemistry Cell process control and proposed to be for early 2028 battery supply stringent quality incorporated for the chain assurance project Battery Demand Outlook: Global & India Strong Growth Trajectory Across Segments Total Demand (GWh) Passenger EVs Demand (GWh) Stationary Storage (GWh) GLOBALLY 30x 5881 23x 3,421 81x 955 Increase Increase Increase Total demand predicted to move from 197 GWh in 2020 to 5881 GWh by 2035, marking a 11.8 197 150 30x increase 2020 2035 2020 2035 2020 2035 Total Demand (GWh) Passenger EVs Demand (GWh) Stationary Storage (GWh) INDIA 91.9 500x 255.7 460x 242x Increase Increase Increase 72.5 Total demand predicted to move from 0.5 GWh in 2020 to 255.7 GWh by 2035, marking a 500×increase 0.5 0.2 0.3 2020 2035 2020 2035 2020 2035 Electric Vehicles Storage Systems Consumer Electronics Telecom Multi-sectoral Battery Demand Data Center Railways C & I Power Backup Growth across EVs, energy storage systems, consumer electronics, and other industries is expected to drive a sharp rise in India’s battery demand *Source: Ministry of Heavy Industries (Government of India) 3 Domestic Cell Manufacturing to Drive Separator Film Demand Localising Lithium-ion Battery Supply Chains Domestic Supply Context Policy Support Accelerating Domestic Battery Manufacturing India's ACC Cell Manufacturing Capacity (GWh)* ACC Battery PLI Scheme 1094 ₹18,100 crore 50 GWh 40 GWh Incentive outlay Target domestic ACC Capacity awarded manufacturing capacity 600 Supports local manufacturing, domestic value addition and reduced import dependence. 92 Grid-Scale Battery Programme 2027 E 2032 E 2037 E 2042 E 2047 E 10 GWh Proposed domestic manufacturing capacity for grid-scale BESS Scale-up of domestic cell manufacturing is expected to drive significant demand for locally Supports stationary energy storage, renewable-energy integration and grid produced separator films. stability. *Source: Ministry of Heavy Industries (Government of India) Battery Separator Films: A Critical Component Li-ion Battery Cell Architecture: Electrode Stack Supports energy density • Li-ion batteries comprise four principal components: cathode, Enables fast charging anode, electrolyte and separator. • The separator is a Improves cycle life porous insulating film that prevents contact between the electrodes while enabling lithium-ion flow. Aluminum Cathode Separator Anode Copper Current Film Current • Separator films are Collector Collector critical to battery safety, energy density and thermal stability. Representing only ~4-6% of battery cell cost, separator film plays a critical role in battery safety, performance and longevity Battery Separator Films: Key Functions Enabling safe and efficient battery operation through essential functions KEY FUNCTIONS PREVENTS ALLOWS LI+ IONS THERMAL PHYSICAL FLOW SHUT DOWN CONTACT Prevents short circuit by Enables the passage of lithium Closes pores at high keeping anode and cathode ions (Li+) for efficient battery temperatures to stop ion flow separated operation. and prevent thermal runaway OVERALL ENHANCED IMPROVED LONGER RELIABILITY IMPACT PERFORMANCE SAFETY BATTERY LIFE Battery Separator Films: Value Chain TCPL Group will adopt the wet manufacturing process for lithium-ion battery separators Phase II Phase I Backward integration into Coating & Conversion SpecializedFilmManufacturing (using SourcedFilm) 1 2 3 4 5 6 7 8 PE Granules & Blending & Film Pore Base Separator Coating Slitting, Winding Battery Cell Additives Extrusion Stretching Formation Film & Testing Manufacturer UHMWPE/PE Polymer blend Biaxial Solvent Porous Ceramic and/or Precision Finished resin with melted and orientation extraction separator polymer coating finishing separator processing extruded into to improve creates the film formed for enhanced and quality supplied for additives film strength and microporous performance checks cell assembly stability structure Raw Material Film Manufacturing Coating & Conversion End Customer TCPL Group is strategically building its presence across the lithium-ion battery separator value chain in a phased manner Leveraging Established Capabilities to Enter Separator Films TCPL Group’s Core Capabilities Separator Film Requirements Specialised Film Processing Precision-engineered material processing Advanced Polymer Handling Material science and process expertise Precision Manufacturing at Scale Consistent quality and performance Strong Process Control & Quality Assurance Stringent safety and reliability standards R&D & Product Development Application-specific Product Development & Optimisation Complementary material science, processing, R&D, and manufacturing capabilities provide TCPL Group a strong foundation to develop and scale the new business Proposed Project Configuration and Execution Roadmap ₹ 125 Cr Proposed 6-8 GWh 70 million m² Subsidiary Investment to be Lithium-ion battery Installed funded through a Corporate Structure cell production that separator film mix of internal can be supported capacity accruals and debt 2026 2027 Early 2028 onwards Land acquisition, technology and Facility construction, equipment Commercial production, customer process finalisation,project planning installation andproductvalidation qualification, and phased ramp-up; furthercapacityadditionstobeevaluated. andequipmentordering Long-Term Vision: 500 Mn sq. m. Capacity (~50 GWh Equivalent) over the next 5–7 Years Strategic Rationale and Long-Term Opportunity High-Growth Supply-Chain Scalable Manufacturing Long-Term Growth Opportunity Localisation Platform Platform Positions TCPL Group Enables participation in Combines TCPL Provides an in the expanding the localisation of Group’s in-house opportunity to build a battery materials India’s lithium-ion capabilities with meaningful new ecosystem while battery supply chain. specialised technical business alongside building on relevant inputs to establish a TCPL Group’s existing manufacturing platform that can be operations capabilities scaled over time. About Us TCPL Packaging Limited (TCPL) (BSE: 523301, NSE: TCPLPACK), is one of India’s leading producers of sustainable packaging solutions for customers across industries. The Company partners with customers to provide paperboard- based packaging solutions including folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. TCPL has also ventured into the flexible packaging industry, with capability to produce printed cork-tipping paper, laminates, sleeves, and wrap-around labels. Headquartered i [Showing first 8,000 characters — download PDF for full document]