Please refer the enclosed file

HITACHI August 14, 2026 The Secretary, The Manager, Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited, 1st Floor, Phiroze Jeejeebhoy Towers, ‘Exchange Plaza’, 5th Floor, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 543187 Scrip Symbol: POWERINDIA Subject: Transcript of the conference call with Analysts/ Investors held on August 07, 2026 Dear Sir / Madam, Pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of the conference call that was organized with the Analysts/Investors on Friday, August 07, 2026 and the same can be accessed at: https://www.hitachienergy.com/in/en/investor-relations/analyst-section. Kindly take the same on your records. Thank you, Yours faithfully, For Hitachi Energy India Limited Poovanna Ammatanda General Counsel and Company Secretary Encl.: as above Hitachi Energy India Limited Registered and Corporate Office: 8th Floor, Brigade Opus, 70/401, Kodigehalli Main Road, Bengaluru - 560 092 Email ID: investors@hitachienergy.com Phone: 080 68473700 CIN: L31904KA2019PLC121597 hitachienergy.com/in HITACHI Hitachi Energy India Limited “Q1 FY27 Analyst Conference Call” August 07, 2026 MANAGEMENT: Mr. N Venu – Managing Director & CEO, Hitachi Energy India Limited Mr. Ajay Singh – Chief Financial Officer, Hitachi Energy India Limited Mr. Poovanna Ammatanda - General Counsel & Company Secretary, Hitachi Energy India Limited Ms. Priyanka Bhagat – Investor Relations, Hitachi Energy India Limited Page 1 of 14 Hitachi Energy India Limited August 07, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Hitachi Energy India Limited Q1 FY27 Analyst 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 this conference call, please signal an operator by pressing “*,” then “0” on your touch-phone. Please note, this conference is being recorded. I now hand over the conference to Ms. Priyanka Bhagat, Investor Relations, Hitachi Energy India Limited. Thank you, and over to you, ma'am. Priyanka Bhagat: Good evening, everyone. Thank you for joining us today for the Q1FY27 earnings conference call of Hitachi Energy India Limited. We appreciate your continued interest in our company and value the opportunity to engage with you as we discuss our performance for the quarter. Before we begin, I would like to remind everyone that certain statements made during this call may constitute forward-looking statements. These statements are based on current expectations and subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. With that, it is my pleasure to invite Mr. N. Venu, Managing Director and CEO of Hitachi Energy India Limited, to share his insights. Over to you, Sir. Venu Nuguri: Thank you, Priyanka. Good evening, everyone, and thank you very much for joining Hitachi Energy India's Q1FY27 earnings conference call. We have just announced our Q1FY27 results, and I hope all of you got the opportunity to go through the same. Over the next 20 - 25 minutes, I will walk you through our performance for the period ending June 30, 2026. As always, you may follow the presentation through the webcast or download it from the stock exchange. For ease of reference, I will refer the slide numbers. Today, in this room, I am joined by our CFO, Ajay Singh; and Poovanna Ammatanda, the General Counsel and Company Secretary of Hitachi Energy India. I am pleased to share that we have started the FY27 on a strong note, delivering robust growth in both orders and revenues. Our Q1 FY27 performance reflects our continued focus on operational excellence and the execution discipline, enabling us to effectively convert our strong order backlog into revenue growth. As part of our commitment to strengthen execution capabilities and building a more resilient supply chain, we began construction of Hitachi Energy India's 20th manufacturing facility in Karjan, Vadodara in June 2026. This investment reinforces our commitment to India's energy transition, energy security, and the government's vision of “Make in India.” Despite geopolitical challenges that the country continues to deal with, the underlying fundamentals of our business remain exceptionally strong. India continues to witness unprecedented investment in transmission infrastructure, renewable energy integration, renewable energy deployment, grid modernization and resilience, urbanization, and digital infrastructure. These long-term structural drivers continue to create significant and sustainable growth opportunities for our industry. Page 2 of 14 Hitachi Energy India Limited August 07, 2026 For Hitachi Energy India, while order inflows may vary from quarter to quarter, the overall opportunity landscape continues to expand, giving us confidence in our future growth trajectory. We are particularly encouraged by the strength of the current order pipeline across both domestic and export markets. During the quarter, transmission projects, renewable energy evacuation initiatives, and the growing data center segment were key drivers for order inflow. I will discuss these developments in greater detail during the presentation. Our strong order backlog, combined with a healthy bidding pipeline, provides good visibility for future revenue growth. More importantly, we remain focused on execution discipline, profitable growth, and delivering value to all our stakeholders, supporting the country in its energy security aspirations. With that note, let me now take you through the presentation. I am now moving to Slide number 3, Slide 3: License to operate: Safety As you all know, safety remains fundamental to our license to operate. We continue to embed best-in-class safety practices across our factories and project site offices. During the quarter, we conducted more than 450 life-saving rules inspections, more than 800 safety observation tools, enabling us to close all high-risk hazards identified during the period. In parallel, we continue to implement health and safety programs and training initiatives across our facilities to further strengthen our safety culture. Through these efforts, we remain focused on achieving a recordable injury frequency rate of 0.09. Moving to the Slide number 4 Slide 4: ESG targets and action plan Sustainability remains central to our strategy, with a strong focus on decarbonizing our operations. As reflected in the table, we believe we are well positioned to achieve our 2030 sustainability targets During the year, we achieved a 16% reduction in freshwater usage compared with the 2019 baseline through recycling initiatives and the deployment of water-efficient fixtures. We are confident that achieving our 2030 water target remains well within reach. Notably, our Halol facility earned the Water Positive Index Certificate last quarter, underscoring our commitment to responsible water stewardship. We have also made meaningful progress in governance and social impact. Gender diversity increased from 5.8% to over 10%, reinforcing our commitment to building a more inclusive workplace. We are targeting a further improvement of 3-4 percentage points by 2030. At the same time, we continue to uphold an uncompromising commitment to integrity, with zero incidents recorded during the year. Page 3 of 14 Hitachi Energy India Limited August 07, 2026 Our sustainability progress is closely aligned with the broader energy transition and India’s commitment at COP26. I move to Slide number 5. Slide 5: India's energy transition driving grid investments India's electricity demand is expected to grow strongly over the coming decade. In parallel, the power grid is becoming increasingly co [Showing first 8,000 characters — download PDF for full document]