Analysts/Institutional Investor Meet/Con. Call Updates

Date: 11th August 2026 Listing Compliance Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400001 Mumbai – 400051 Scrip Code: 544198 Symbol: DEEDEV Sub: Submission of Transcript of Earnings Conference Call for the Quarter ended 30th June, 2026 Dear Sir/ Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed the transcript of Earnings Conference Call with investors/analysts held on Thursday, 6th August, 2026 to discuss the Un-Audited Financial Results of the Company for the Quarter ended 30th June, 2026. The above information is also available on the website of the Company at www.deepiping.com. This is for your information and record please. Yours faithfully, For DEE Development Engineers Limited Ranjan Kumar Sarangi Company Secretary and Compliance Officer Membership No.: F8604 Address: Unit 1, Prithla - Tatarpur Road, Village Tatarpur Dist. Palwal, Faridabad, Haryana – 121 102 DEE DEVELOPMENT ENGINEERS LIMITED Regd. Office: Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Haryana- 121102, India Works: Unit 1, 2 & 3, Village Tatarpur, Dist. Palwal, Haryana- 121102, India T: +91 1275 248200, F: +91 1275 248314, E: info@deepiping.com, W: www.deepiping.com CIN: L74140HR1988PLC030225 GST Registration No. 06AACCD0207H1ZA Dee Development Engineers Limited Q1 FY’27 Earnings Conference Call August 06, 2026 Mr. Krishan Lalit Bansal – Promoter, Chairman & Managing Director Mr. Brham Yadav – Chief Financial Officer Moderator: Ladies and gentlemen, good day and a very warm welcome to the Q1 FY27 Earnings Conference call of DEE Development Engineers Limited. This conference call will begin shortly. Please stay connected. Ladies and gentlemen, good day and a very warm welcome to the Q1 FY27 Earnings Conference call of DEE Development Engineers Limited. From the Senior Management, we have with us today Mr. Krishan Lalit Bansal – Promoter Chairman and Managing Director and Mr. Brahm Yadav – Chief Financial Officer. 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 this 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. Anand Venugopal from Adfactors PR. Thank you and over to you, Mr. Anand. Anand Venugopal: Thank you, Avirat. Good afternoon, everyone. We welcome you to the Q1 FY2027 Earnings Call of DEE Development Engineers Limited. Before we begin the earnings call, I would like to mention that some of the statements made in today's call might be forward-looking in nature and hence it may involve risks and uncertainty, including those related to the future financial and operating performance. Please bear with us if there is a call drop during the course of the conference call. We will ensure the call is reconnected the soonest. I will now hand over the call to Mr. Krishan Bansal sir to share his views. Over to you, Mr. Bansal sir. Krishan Lalit Bansal: Thank you, Anand. Thank you so much. Good afternoon, everyone and thank you for joining I hope all of you have had the opportunity to go through our investor presentation which has been uploaded on the Exchanges. Page 1 of 17 FY26 was the year in which we completed our major growth CAPEX cycle with the full operationalization of the Anjar pipe fabrication facility and the commissioning of our seamless pipe plant. Q1 FY27 is the 1st Quarter in which the early results of that investment are visible in our operating performance. Starting with the financials: Revenue from operations for Q1 FY27 was Rs. 294.5 crores up 31.6% year-on-year, driven by continued execution momentum in the piping segment, supported by supplies to the power and oil and gas sector. Operating EBITDA for the quarter was Rs. 49.7 crores with a margin of 16.9% compared with 16% in Q1FY26 and it is up by 38.7% year-on-year. Profit after tax for the quarter stood at Rs. 16.1 crores up Rs. 22.4% year-on-year. Before I move on to the operating drivers, I want to flag one specific point on this quarter's numbers: Around Rs. 25 crores of dispatches scheduled for Q1 got pushed into Q2 primarily on the oil and gas side, where a few of our export customers deferred take-offs given the situation in the Middle East. The material is ready at our end. Adjusting for this, our underlying performance in Q1 is on track and we remain firmly on track on delivery of our revenue guidance for the year. The margin improvement reflects three things working together: 1. Better capacity utilization across our facilities. 2. Operating leverage. 3. The initial contribution from backward integration through the seamless pipe plant. As utilization at the seamless plant ramps up through the year, we expect this to support further margin improvement, turning to the core business which remains the foundation of the company, piping together with heavy fabrication continue to anchor our execution and account for the large majority of our revenue and order book. We serve marquee customers across the power, oil and gas, and process industries, both in India and in our export markets, and the full operationalization of the Anjar facility has meaningfully expanded our ability to execute larger and complex projects. With the seamless pipe plant now commissioned, we are also capturing a greater share of value in-house. A notable highlight during the quarter was the receipt of a domestic purchase order of Rs. 386.82 crores from Bharat Petroleum Corporation Limited for manufacturing and supply of piping. This is one of the largest single orders in our recent history and reinforces our position as a preferred supplier to marquee Indian PSU refiners. Page 2 of 17 On the demand environment: The policy and investment backdrop remain firmly supportive. India's CAPEX cycle continues to build momentum as corporates set up investment in plant and equipment. This trend is mirrored in our overseas market, a meaningful part of our core business where we are seeing a clear pickup across energy, process industries and infrastructure. Taken together, these domestic and global tailwinds create a compelling multi-year opportunity for our core offerings. Coming to the biomass pellet plant which we commissioned during Q1 of FY27: This is a meaningful step in how we are reshaping the non-core segment. This facility is co- located with our Malwa Power Plant at Muktsar and has an installed capacity of 72,000 MT per annum. It converts paddy straw and other Agri residuals into pellets that are supplied to thermal power plants for co-firing with coal. Demand for this is anchored by the Renewable bulk Purchase Obligation Framework of the Government of India which gives us reasonable comfort on off- take. For FY26, we are targeting combined revenue of around Rs. 80 crores from the non-core segment supported by the revised Malwa tariff of 5.44 per kWh, showing in for the full year. Contribution from the pellet plant as we ramp up utilization and the restructuring initiatives we have been implementing across the segment. Since the pellet plant was commissioned midway through Q1 FY27, the current quarter reflects only a partial contribution from the pellet operations. From Q2 onwards, we will have the benefit of a near full quarter of pellet production and alongside that, we are working on ramping up utilization over the coming quarters and securing long-term off-take tie-ups with thermal power producers. We are working on producing these pellets for use in industrial furnaces as a renewable source of energy in place of conventional fuels like LPG, LNG, furnace oil, etc. Coming to the capital structure: As many of you [Showing first 8,000 characters — download PDF for full document]