Submission of Transcript of Earning Conference Call held on August 8, 2026

AZAD August 14,2026 To, To, The Listing Department The Listing Depaltment BSE Limited National Stock Exchange of India Limited Department of Corpolate Affairs Exchange Plaza, Plot No. C/1,G Block Phiroze Jeejeebhoy Towers, Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai, Maharashtra - 400 001 Murnbai, Maharashtra - 400 051 Scrip Id-544061 Scrip Code-AZAD Deal Sir/Madam, Subject: Transcript of the earnings conference call organized on August 8,2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirernents) Regulatiols, 2015 please find enclosed the transcript of the earnings conJelence call concluctecl on Satirday, Btr, August 2026 at 11:00 a.m. (IST). The transclipt of tl-re earnings conference call is also available on website of the Cornpany i.e. www.azadjn, uncler the Investols Relatior-rs section. This is for youl information and r.ecorcl. Thanking you. Yours truly, For Azad Engineering Limited G. Praneeth Abhishek Company Secretary, Compliance Officer and Head Legal Membership No.: 435583 Encl.: As above Azad Engineering Limited Plot I'1o.90/C ,90lD, Phase -"1, contacr: o40-23097007 CIN NO: L7421OTG1'83PLCOO4132 N l.D.A., Jeedimetla, Hycierabad, Email: info@azad.in AzA dY Telangana-500 055, lndia. Web: www.azad.in .rr-,-16AAECAe452H1zr “Azad Engineering Limited Q1 FY27 Earnings Conference Call” August 08, 2026 E&OE: This transcript is edited for factual errors. ln case of discrepancy, the audio recordings uploaded on the stock exchange on August 08, 2026, will prevail. MANAGEMENT: MR. RAKESH CHOPDAR – CHAIRMAN AND CHIEF EXECUTIVE OFFICER – AZAD ENGINEERING LIMITED MR. VISHNU MALPANI – WHOLE-TIME DIRECTOR - AZAD ENGINEERING LIMITED MR. RONAK JAJOO – CHIEF FINANCIAL OFFICER - AZAD ENGINEERING LIMITED Page 1 of 18 Azad Engineering Limited August 08, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Azad Engineering Limited Q1 FY27 Earnings Conference Call. This conference call may contain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. 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, 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. Rakesh Chopdar, Chairman and Chief Executive Officer, Azad Engineering Limited. Thank you, and over to you, sir. Rakesh Chopdar: Thank you. Thank you, Team SGA. Good morning, everyone, and a warm welcome to our first quarter earnings conference call for fiscal year 2027. Joining me today is Mr. Vishnu Malpani, our Whole-Time Director; Mr. Ronak Jajoo, our CFO; and our Investor Relations advisers from Strategic Growth Advisors. Our standalone and consolidated financial results, along with our latest investor presentation have been uploaded to the stock exchanges and our website for your reference. We will start with capitalization on global industry megatrends. Before we review our specific operational milestones, it is critical to look at the powerful macroeconomic tailwinds driving our businesses. We are currently witnessing an unprecedented synchronized high growth cycle across all sectors. In the energy domain, the global push for energy security and the transition towards advanced gas turbines have triggered massive multibillion-dollar global equipment upgrade cycles. Concurrently, the aerospace and defense sector has experienced structural supply chain shifts, driven by a global surge in aircraft demand and an intense domestic focus on defense self- reliance. These are not short-term spikes. They represent structural multi-decade growth shifts. Because Azad has spent years securing strict OEM qualifications and building specialized heavy infrastructure, we are uniquely positioned at the epicenter of these dual megatrends. These powerful industry tailwinds provide a strong compounding foundation that will fuel Azad's long-term scale and order book expansion for the years to come. Now a very historical national milestone, India's first indigenous turbojet engine. I want to begin today's call with an announcement that fills me and our entire team at Azad with immense national pride. Page 2 of 18 Azad Engineering Limited August 08, 2026 I'm thrilled to share that Azad Engineering has successfully manufactured, assembled and delivered India's first indigenous expendable turbojet engine to the Gas Turbine Research Establishment, DRDO and the Ministry of Defense. As highlighted in the official press release from the MoD, jet engine technology represents one of the final frontiers of sophisticated engineering. It demands a level of extreme precision, advanced metallurgical expertise and uncompromising manufacturing quality that is mastered by only a select handful nations globally. For Azad, this milestone is a profound architectural shift. We have successfully evolved from being a precision component manufacturers into a fully integrated propulsion system player. By taking up the end-to-end manufacturing, assembling and integration of this complete engine assembly, we have moved right up the value chain. This significantly expands our total addressable market and firmly seals our position as an indispensable trusted partner in the India's long-term aerospace and defense sovereignty. We have also been advised to prepare for a significant scale-up in production volumes once the ongoing sequence of testing is completed, which will, in turn, accelerate development across all of India's past and future critical indigenous engine programs. On the capacity expansion, another feather added the new Baker Hughes facility. Our physical infrastructure footprint is scaling up right alongside our technical capabilities. I'm proud to report that our massive multi-facility expansion roadmap at our Tuniki Bollaram Industrial Park is progressing exactly as planned. Following the successful commissioning of our dedicated lines for Mitsubishi, GE Power Systems and Siemens Energy, we hit our next major milestone recently. In April 2026, we officially inaugurated our fourth dedicated lean manufacturing facility, a state-of-the-art 7,600 square meter facility, custom-built for Baker Hughes. Operating dedicated plants represent the deepest possible level of customer integration in our industry. It creates immense operational stickiness and provides long-term multiyear supply chain visibility with global marquee OEMs. Civil construction across the remaining units at Azad Center of Excellence is on track to wrap up within this fiscal year, while we are undertaking a measured calibrated ramp-up across these new lines to satisfy stringent customer qualification schedules. We expect the more substantive revenue contributions to begin crystallizing in the second half of this financial year. Now on the Q1 FY27 financial performance snapshot, our unwavering focus on operational discipline, operating efficiencies and optimized product segment mixes has enabled us to kick off the new financial year on the strongest note ever. Looking at our standalone financial performance for Q1 FY27, I'm happy to mention that we have met our guidance. Revenue from operations grew by 26.8% year-on-year, reaching to INR170.5 crores, up from INR134.5 crores in Q1 FY26. Reported EBITDA expanded at a faster pace of 32.1% year-on- year to arrive at INR64 crores, reflecting the compounding benefits of our operating leverage. EBITDA margins expanded to robust 37.6%, up from 36.1% in the same quarter last fiscal. Page 3 of 18 Azad Engineering Limited August 08, 2026 Profit after tax registered a healthy growth of 21.2% year- [Showing first 8,000 characters — download PDF for full document]