Analysts/Institutional Investor Meet/Con. Call Updates

Ref. No.: Sec/57/2026-27 July 20, 2026 BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, C-1, Block G, Street, Fort, Mumbai – 400 001 Bandra Kurla Complex, Bandra (East), Scrip Code: 543334 Mumbai – 400 051 Scrip ID: NUVOCO Trading Symbol: NUVOCO Dear Sir/Madam, Sub: Transcript of Investor and Analyst Conference Call on the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026 Further to our letter no. Sec/40/2026-27 dated June 30, 2026, letter no. Sec/45/2026-27 dated July 12, 2026, letter no. Sec/50/2026-27 dated July 13, 2026 and letter no. Sec/51/2026-27 dated July 14, 2026, please find enclosed the transcript of the Investor and Analyst Conference Call held on Tuesday, July 14, 2026 on the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026. The same is also being made available on the Company’s website at www.nuvoco.com. We request you to take the above on record. Thanking you, Yours faithfully, For Nuvoco Vistas Corporation Limited Shruta Sanghavi SVP and Company Secretary Encl: a/a Nuvoco Vistas Corp. Ltd. Registered Office: Equinox Business Park, Tower-3, East Wing, 4th Floor, Off. Bandra Kurla Complex, LBS Road, Kurla (West), Mumbai-400070 Tel: +91 (0) 22 67692500 / +91 (0) 22 67692525 | Fax: +91 (0) 22 67692572 | website: www.nuvoco.com | CIN- L26940MH1999PLC118229 “Nuvoco Vistas Corporation Limited Q1 FY ’27 Earnings Conference Call” July 14, 2026 MANAGEMENT: MR.JAYAKUMAR KRISHNASWAMY–MANAGING DIRECTOR–NUVOCOVISTAS CORPORATION LIMITED MR.MANEESH AGRAWAL–CHIEF FINANCIAL OFFICER–NUVOCOVISTAS CORPORATION LIMITED MR.BISHNU SHARMA–HEAD OF INVESTOR RELATIONS–NUVOCOVISTAS CORPORATION LIMITED Page 1of 20 Nuvoco Vistas Corporation Limited July14, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q1 FY27 Earnings Conference Call hosted by Nuvoco Vistas Corporation 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. I now hand the conference over to Mr. Bishnu Sharma, Head of Investor Relations from Nuvoco. Thank you and over to you. Bishnu Sharma: Thank you, Yashashri. Good evening, everyone, and welcome to Nuvoco’s Q1 FY27 earnings call. Thank you for joining us today. To begin with, I would like to mention on our performance for the quarter first. We have had a strong start to the year, delivering higher business performance. Volume grew by 5% YoY to 5.3 million tons and EBITDA increased by 7% YoY to INR572 crores, marking the highest-ever first quarter volume and EBITDA of the company. The performance is on the backdrop of the geopolitical tensions which prevailed during the quarter, which had a cascading effect on the business environment in which we operated. The West Asia conflict, which drove up energy, packing bags, and other raw material prices, was not the only challenge during the quarter. We also faced logistical constraints with railway rakes being prioritized for the power sector amid an intense and prolonged summer. Further, one of our key states in the East was undergoing state elections during the period. Net-net, we performed well in Q1 FY27 despite the macro headwinds. The performance reflects resilient execution, supported by continuous focus on cost discipline and operational efficiencies. To specifically highlight, fuel cost was contained at 1.52 per mcal, which remained within the guided range communicated in the last quarter conference call. This was achieved through fuel mix optimization and coordinated efforts of our team. Coming to Vadraj, I am pleased to share that we have inaugurated 2 million tons per annum of grinding capacity at Surat on 11th July 2026, ahead of schedule. This represents a defining milestone in the history of the company, signifying our first-ever capacity expansion in the Western region. This achievement is a strong testament to the company’s project execution capability. It will not only enable a significant expansion of our market presence in the West but also strengthen our position in the North by releasing much-needed capacity at our Rajasthan plants for the Northern market. The clinker and the grinding units at Kutch are also progressing well and remain on track for phased operationalization from Q3 FY27. Let me highlight some of the key developments and progress made on theseunit so far. At Kutch, for the clinker unit, deliveries of all major equipment and spares have been completed and execution across all sections remains firmly on track. Reconditioning of coal and raw mills VRM gearbox has been completed. Kiln rotation is also complete and is now ready for brick lining. We will complete the overhauling of all major equipment and initiate trial preparation within Q2 FY27. Page 2of 20 Nuvoco Vistas Corporation Limited July14, 2026 As far as the grinding unit at Kutch is concerned, civil works are underway and progressing as planned. Major RCC work in packing plant and hopper building has been completed. Civil works are targeted for completion by Q2 FY27, enabling the release of fronts for mechanical and electrical installations. On the railway siding at Kutch, earthwork has been completed and ballast and sleeper laying are currently in progress. Once operational, the siding is expected to enhance logistical efficiency. Moreover, we have also commenced work on the bulk cement terminal at Sachana in Gujarat, which will also have a dedicated railway siding. This facility is targeted to be operational by Q2 FY28 and will act as a strategic distribution hub, helping us strengthen our presence and further expand our reach across the Gujarat market. For our East operation, we continue to progress on our plan to add 4 million tons per annum of capacity in phases till FY28. Looking ahead, we continue to hold a positive outlook on cement demand, which stayed healthy throughout the quarter. Just to highlight, Central Government capex increased by 13% YoY to INR2.5 lakh crores in the quarter-to-date period through May 2026, already accounting for nearly 20% of the full-year planned capex. As highlighted earlier, both Central and State Governments are targeting capex growth of around 20% and 15% respectively for FY27. Accordingly, infra spending led by Government capex and along with housing projects is expected to provide sustained support to demand. From a geopolitical standpoint, we remain watchful and continue to monitor the situation closely. If the geopolitical situation stabilizes and the conflict de-escalates, we are cautiously optimistic about navigating the coming quarters well. As demonstrated in Q1, where we proactively worked on our internal levers to deliver strong cost and operational performance, we remain confident in our ability to manage through headwinds. Regardless of how the scenario unfolds, we remain firmly committed to driving cost efficiencies and operational excellence across the business. We will continue to pursue with same rigor through prudent procurement, continued cost optimization, and ongoing improvements in supply chain efficiency to deliver resilient performance going forward. With that, I conclude my opening remarks. I am here with Mr. Jayakumar Krishnaswamy, Managing Director of Nuvoco Vistas, and Mr. Maneesh Agrawal, Chief Financial Officer. We are happy to answer any questions you may have. Thank you, Yashashri. Over to you. Moderator: Thank you very much. We will now begin the question-and-answer session. We’ll take our first question from the line of Siddharth Mehrotra from Axis Capital. Please go ahead. Siddharth Mehrotra: Hi… Moderator: Mr. Mehrotra, I am sorry sir. Can you please repeat your question again? Siddharth Mehrotra: Can [Showing first 8,000 characters — download PDF for full document]