Analysts/Institutional Investor Meet/Con. Call Updates

August 14, 2026 The Manager, The Manager, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 544664 NSE Symbol: KSHINTL Sub.: Transcript of the Earnings Conference Call held on Tuesday, August 11, 2026, in respect of the Company’s Unaudited Financial Results for the quarter ended June 30, 2026. Ref.: 1. Regulation 30 and Regulation 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”); 2. Intimation of Earnings Conference Call dated July 29, 2026 (“Earnings Call Intimation”); and 3. Intimation of Audio recording of Earnings Conference Call dated August 11, 2026 (“Audio Recording Submission”). Dear Sir/Madam, Pursuant to above-referred Listing Regulations and in continuation to the Earnings Call Intimation and Audio Recording Submission, we are pleased to submit transcript of the Earnings Conference Call held on Tuesday, August 11, 2026, in respect of the Company’s Unaudited Financial Results for the quarter ended June 30, 2026. The transcript has been hosted on the Company’s website at: https://kshinternational.com/investor- relations/transcripts/. You are requested to take this intimation on record. Thanking you, For KSH International Limited Nakul Shivaji Patil Company Secretary and Compliance Officer Membership No.: A39990 Encl.: As above. KSH International Limited Q1 FY27 Earnings Conference Call” August 11, 2026 MANAGEMENT: MR. RAJESH HEGDE – MANAGING DIRECTOR – KSH INTERNATIONAL LIMITED MR. AMOD JOSHI – CHIEF FINANCIAL OFFICER – KSH INTERNATIONAL LIMITED MR. DHRUV CHOPRA – HEAD, INVESTOR RELATIONS – KSH INTERNATIONAL LIMITED MR. NAKUL PATIL – COMPANY SECRETARY AND COMPLIANCE OFFICER – KSH INTERNATIONAL LIMITED MODERATOR: MR. BHAVANI KUMAWAT – AXIS CAPITAL LIMITED Page 1 of 26 KSH International Limited August 11, 2026 Moderator: Ladies and gentlemen, good day and welcome to the KSH International Q1 FY27 Earnings Conference Call hosted by Axis Capital Limited. As a reminder, all participant lines will remain in the listen-only mode and there will be an opportunity for you to ask questions after the management's opening remarks. Should you need assistance during the conference call, please signal the operator by pressing star, then zero on your touchtone telephone. Please note that this conference is being recorded. I will now have the conference over to Mr. Bhavani Kumawat from Axis Capital Limited. Thank you and over to you. Bhavani Kumawat: Thank you, Ryan. Good morning, everyone. On behalf of Axis Capital Limited, I welcome you all to KSH International Q1 FY27 earnings conference call. Today on the call, we have with us our management represented by Mr. Rajesh Hegde, Managing Director, Mr. Amod Joshi, Chief Financial Officer, Mr. Dhruv Chopra, Head of Investor Relations, and Mr. Nakul Patil, Company Secretary and Compliance Officer. We thank KSH International for giving us the opportunity to host the call. And now I would like to hand over the floor to the management for their opening remarks, post which we will open the floor for Q&A. Thank you and over to you, Rajesh sir. Rajesh Hegde: Yes. Good morning, everyone. This is Rajesh Hegde. Welcome to our first quarter of fiscal 2027 results call. Fiscal 2026 was a pivotal year in our 45-year history, marked by the completion of phase one of our Super expansion. In fiscal 2027, we are focused on utilizing that capacity while concurrently completing Phase 2 of our expansion. And I am extremely pleased with the start we have made in the first quarter of 2027. Our first quarter financial results along with supporting information have been submitted to the exchanges and have been uploaded to our website. On today's call, I will start with a quick summary of KSH and then focus on some of the strategic developments and trends we see, as well as some of the key operating metrics of the company, including progress on Supa. Amod will then discuss the financial and operating metrics as well. For those new to KSH International, we are a 45-year-old manufacturer of magnet Page 2 of 26 KSH International Limited August 11, 2026 winding wires, which is the most critical component of coils used in electric machines, from power transformers down to AC compressors and everything in between. We are the leading manufacturer of specialized winding wires in India and the largest exporter of winding wires from the country. Our installed capacity at June 30th, 2026 was 43,445 metric tons and once phase two of our Super expansion is complete by the end of this year, this financial year, we would have an installed capacity of roughly 59,000 metric tons, making us the second largest winding wire manufacturer in India. We are a B2B company servicing about servicing over 120 leading domestic and global OEM customers and maintain long-term relationships with these customers with repeat revenue in excess of 95%. Additionally, our business is make-to-order, which means we procure the copper and begin processing only after receiving a purchase order from the customer. Thus, LME copper price and exchange rate is a direct pass-through. Roughly 75% of our revenue comes from large power transformers used in T&D, renewables, railways, and data centers, driven by our core continuously transposed conductors or CTC product, in which we are the market leaders in India. CTC is a complex engineered wire product and all of our exports are exclusively to T&D customers across five continents. The T&D sector, as you know it, is in a structural long-term cycle driven by renewable energy, grid modernization, urbanization, and growing power demand for AI data centers in India as well as globally. To address this demand, almost every transformer transformers OEM is meaningfully expanding their own capacity. So to put it simply, more transformers require more winding wires. On our last call, we mentioned that some large transformer clients were exploring long long-term multi-year agreements to ensure predictability of their supply as they ramp up capacity. We are very pleased to announce that we have entered into a five-year supply framework agreement with Hitachi Energy Global to supply winding wires to their Indian plants as well as their some of their global plants. Page 3 of 26 KSH International Limited August 11, 2026 As yet, this is a framework agreement and the details are still being finalized. We will, of course, provide an update when we are in a position to do so. Long- term agreements such as this further improves visibility for us to ramp up utilization as we complete the Phase 2 expansion at Supa. Looking at our export performance in Q1 of FY27, our export revenue increased 76% year-over-year and 12% higher than Q4 of FY26. Export growth remained strong across all our key geographies and was driven by wallet share gains with existing customers as well as new OEM customers added over the past two quarters. Specialized wire revenue overall grew at record 113% year-over-year compared to 62% growth in FY26. Growth was driven by higher CTC contribution and exports. In fact, in Q1, CTC's contribution to the total revenue reached record levels in the last several years. Apart from the end-user demand environment, this was also partially driven by the fact that we front-loaded some of our phase one capacity addition towards specialized wires. Over the next two to three quarters, we expect this to normalize to previous levels as we complete phase two of our expansion over the remainder of this year. Domestically, as domestically as well, we have added a number of standard wire clients, particularly as capacity has ramped up in Supa. As we have stated, our focus for standard wires is predominantly in the select end- user industries such as EVs, AC compressors, motors, alternators for DG sets, etcetera, where precision technology plays a [Showing first 8,000 characters — download PDF for full document]