Analysts/Institutional Investor Meet/Con. Call Updates

August 11, 2026 Listing Department, National Stock Exchange of India Limited, Exchange Plaza, Plot No. C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Symbol / Series: RPPL / EQ Dear Sirs, Subject: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Transcript for Earnings Conference Call Transcript of the discussion on the Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 2026 at the earnings conference call held on August 06, 2026 is attached and also available on the website of the Company at: https://rajshreepolypack.com/RajshreePolypack-Aug06-2026.pdf. This is for information and record. Thanking you, Yours faithfully, For Rajshree Polypack Limited Shefali Mehto Company Secretary and Compliance Officer Encl.: As Above “Rajshree Polypack Limited Q1 FY27 Earnings Conference Call” August 06, 2026 MANAGEMENT: MR. RAMSWAROOP THARD – CHAIRMAN AND MANAGING DIRECTOR MR. SUNIL SHARMA – CHIEF FINANCIAL OFFICER Page 1 of 9 Rajshree Polypack Limited August 06, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Rajshree Polypack Limited Q1 FY27 Earnings Conference Call. 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. Ramswaroop Thard, Chairman and Managing Director. Thank you, and over to you, sir. Ramswaroop Thard: Thank you, Yousuf. Good afternoon, and thank you for joining us for the earnings call. We hope you all had a chance to go through our investor presentation uploaded on the stock exchange. We will share our key operating and financial highlights for the quarter ended June 30, 2026. Joining us from Rajshree Polypack is our CFO, Mr. Sunil Sharma, along with me. For Q1 FY27, we reported our highest ever quarterly revenue from operations of INR 102.91 crores compared to INR 82.52 crores in the corresponding quarter last year, reflecting a growth of 24.72%. EBITDA for the quarter stood at INR 16.52 crores compared to INR 12.08 crores in Q1 FY26, registering a growth of 36.75%, while EBITDA margins improved to 16.05% from 14.64%. Profit after tax increased to INR 7.25 crores compared to INR 4.10 crores in the same quarter last year, reflecting a growth of 76.83% with PAT margins improving to 7.04% from 4.97%. The improvement in our performance was supported by better product mix, higher operating efficiencies and continued focus on execution. In terms of geographical sales, the domestic business witnessed a strong recovery with domestic revenue increasing from INR 69.12 crores in Q1 FY26 to INR 91.19 crores in Q1 FY27. Export revenue remained stable at INR 11.72 crores despite the continued geopolitical uncertainties across several international markets. We continue to work closely with our existing customers while expanding our presence across new geographies to further diversify our export business. Looking at the product-wise revenue mix, Packaging Products continue to remain the largest contributor to our revenues. The Injection Moulding business continues to be an important growth driver for the company, supported by expanding customer application and increasing demand across domestic and export markets. During the quarter, we further strengthened our value-added offerings by expanding our flaring capacity from 1,275 lakh units per annum to 1,675 lakh units per annum, enhancing our integrated packaging capabilities. On the capacity front, Injection Moulding capacity reached 5,800 metric tons during the quarter, following an addition of 1,000 metric tons, representing a 5.8x increase since FY23. Our manufacturing operations continue to operate at healthy utilization levels, and Injection Moulding, we have capacities available to support future growth. We also continue to strengthen our integrated manufacturing platform across Extrusion, Thermoforming, Printing, Sleeving and Injection Moulding. On the sustainability front, I'm pleased to share that we have entered into group captive wind- solar arrangement of approximately 1.9 megawatt, and it remains on track and is expected to be Page 2 of 9 Rajshree Polypack Limited August 06, 2026 commissioned in October 2026. Once operational, the project is expected to meet nearly 30% of our energy requirements through renewable sources while generating annual savings of around INR 1.75 crores. Coming to Olive Ecopak, I'm pleased to share that the business continued to make encouraging progress during the quarter. Olive reported a healthy EBITDA margin, reflecting continued improvement in operating performance. We continue to expand our presence in paper-based food packaging solution while broadening our product portfolio and customer base, creating an additional growth platform alongside our rigid plastic packaging business. On the marketing front, we continue to strengthen customer engagement by participating in leading domestic and international exhibitions, including interpack at Germany, NRA at Chicago and AAHAR at Delhi. These platforms continue to provide opportunities to deepen relationship with existing customers while engaging with prospective customers across global markets. Looking ahead, we remain focused on strengthening customer relationships, expanding our product portfolio and investing in manufacturing capabilities, innovation and sustainability. The continued scale-up of our Injection Moulding business, the progress at Olive Ecopak and our ongoing investments in renewable energy provide a strong foundation for long-term growth. With that, I conclude the business update for the quarter. We would be now happy to take your questions. Moderator: Thank you very much, Sir. We will now begin the question-and-answer session. First question is from the line of Abhi Jain from AJ Capital. Abhi Jain: My first question is, first of all, congratulations on a steady set of numbers, and it's good to see that the company is back on the growth trajectory post flattish FY26. So congratulations on that. So my first question is, I wanted to understand the margin profile in your Injection Moulding business versus your Packaging business because that is not mentioned anywhere in the presentation or in the press notes. Ramswaroop Thard: So Injection Moulding business for Q1 has given us an EBITDA margin of 13% to 14%, whereas the Packaging business gives a margin of around 16% to 17%. Abhi Jain: So Packaging is a higher margin business. Is that a predominant reason that between FY25 and FY26, I'm seeing that the revenue contribution from the IM or Injection Mold has gone down from 15.6-odd percent to 12.3-odd percent despite you ramping up the capacity of IM? Ramswaroop Thard: You're mentioning about Q1? Abhi Jain: So as I'm looking at your presentation, right? In the presentation, I am on Slide number 10. So if I look at your revenue mix, right, if I look at Q1 FY26 and Q1 FY27, the Injection Mold revenue contribution has gone down from 15.6% to 12.3% for the quarter. Page 3 of 9 Rajshree Polypack Limited August 06, 2026 Ramswaroop Thard: Yes, Specifically, Injection Moulding has gone down in this particular quarter because 60% of our sales from Injection Moulding is from exports and exports were disturbed in this particular quarter due to the geopolitical issues. So that's the reason why we see a drop in the contribution from Injection Moulding as a segment. But this is temporary, probably in the next 1 or 2 quarters, it will come back to 15%, 16% level. Abhi Jain: Right. Sir, one good thing is that because of you entering in this Injection Mold business, there are bigger players out there in the industry in [Showing first 8,000 characters — download PDF for full document]