Submission of Transcript of Q1 FY27 Earnings Conference Call held on 10th August 2026.

14th August 2026 To, To, National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Bandra-Kurla Complex, Bandra (East), Towers, Dalal Street, Mumbai – 400051 Fort, Mumbai – 400001 NSE Symbol: QPOWER BSE Scrip Code: 544367 ISIN: INE0SII01026 Dear Sir/Madam, Sub.: Submission of the Transcript of Q1 FY27 Earnings Conference Call held on 10th August 2026. Pursuant to Regulation 30 and 46(2)(oa) read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of Q1 FY27 Earnings Conference Call that was organized with the Analysts/Investors on Monday, August 10, 2026 at 03.30 P.M. (IST) on Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter ended June 30, 2026. The aforementioned transcript of the ‘Q1 FY27 Earnings Conference Call’ is also uploaded on the Company’s website i.e. www.qualitypower.com. We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations. Thanking you, Yours faithfully, For Quality Power Electrical Equipments Limited Deepak Ramchandra Suryavanshi Company Secretary & Compliance Officer ICSI Membership No.: A27641 Place: Sangli “Quality Power Electrical Equipments Limited Q1 FY27 Earnings Conference Call” August 10, 2026 MANAGEMENT: MR. BHARANIDHARAN PANDYAN – JOINT MANAGING DIRECTOR – QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED MR. SANJOG MHATRE – CHIEF EXECUTIVE OFFICER – QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED MR. RAJESH JAYARAMAN – CHIEF FINANCIAL OFFICER – QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED MRS. SARIKA JADHAV – SENIOR VICE PRESIDENT, FINANCE – QUALITY POWER ELECTRICAL EQUIPMENTS LIMITED MODERATOR: MR. SIDDARTH BHAMRE – ASIT C. MEHTA INVESTMENT INTERMEDIATES Page 1 of 23 Quality Power Electrical Equipments Limited August 10, 2026 Moderator: Ladies and gentlemen, good day and welcome to Quality Power Electrical Equipments Limited Q1 FY27 Earnings Conference Call, hosted by Asit C Mehta Investments Intermediates. 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. I now hand the conference over to Mr. Siddarth Bhamre from Asit C Mehta Investments Intermediates. Thank you, and over to you, sir. Siddarth Bhamre: Thank you. Good afternoon, everyone. It gives us great pleasure to host this Q1 FY27 earnings call for Quality Power Electrical Equipments Limited. As we all know, quarter one saw huge swing in commodity prices due to geopolitical uncertainties and one would have anticipated its negative impact on the supply chain. However, QP has delivered excellent set of numbers, especially on the margin front. We, at Asit C Mehta, a Pantomath Group of company, would like to congratulate the management of Quality Power for this achievement. Today, on this call, we have Mr. Bharanidharan Pandyan, Joint Managing Director, Mr. Sanjog Mhatre, CEO, Mr. Rajesh Jayaraman, CFO and Mrs. Sarika Jadhav, Senior Vice President, Finance. Over to you, Bharani. Bharanidharan Pandyan: Thank you, Siddarth. Thank you, everyone, and good afternoon. Welcome to the meeting. This quarter has been operationally intense, with customer qualification, capacity expansion, and acquisition execution progressing in parallel. We completed several detailed audits by global OEMs and utilities, while customer visits to our facilities increased materially. Both reflect the larger programs we are qualifying for/and require direct senior management involvement. At Sangli, machinery installation at the new facility is progressing. As expected in a new project of this scale, there are a few minor last-mile issues around sequencing, utilities and statutory interfaces. These are being addressed effectively and we do not see anything structural. Trial production is targeted during the current month, subject to remaining approvals. Machinery installation for High Voltage CTC Magnet Wire facility is also commencing. At Endoks in Turkey, civil construction of the power conversion system facility is complete, with operations expected to begin during Q3 this year. In parallel, confirmatory due-diligence on Winwin Speciality Insulators Limited has been completed without adverse findings and we are progressing towards definitive agreements. One area I would specifically highlight is management bandwidth. As we acquire and integrate businesses, we are increasingly looking at management as a common group resource rather than individual company teams. Experienced leaders across from Mehru, Endoks, and other businesses are taking responsibilities across the group, while Quality Power, Managers are similarly being deployed wherever their Page 2 of 23 Quality Power Electrical Equipments Limited August 10, 2026 capabilities can add the most value. This creates a common pool of management talent across the group and allows us to scale without having to recreate management ability independently in every business. Winwin will add further experienced operating pool to this talent. We have also strengthened our technology leadership with the appointment of Mr. Shailendra Kumar as Group Chief Technology Officer, bringing in over three decades of experience from HVDC, FACTS, Power Quality and Grid Technologies from Hitachi, erstwhile ABB. We closed this quarter with an order book of INR1,945 crores, approximately 1.9x last year's revenue. Demand remains strong across our businesses, with particularly encouraging traction in energy storage at Endoks. The intensity we are seeing today is the result of several years of work coming together at the same time: new customer qualifications, new manufacturing capacities, and new technology and acquisitions. Our responsibility as management now is very simple: execute each of these properly, preserve our operating discipline, and convert this opportunity into sustainable growth. Thank you. Now I hand over to Mr. Sanjog Mhatre, our CEO. Sanjog Mhatre: Thank you, Mr. Pandyan, and good afternoon to everyone on the call. I would like to focus my remarks on execution, operating priorities and the capabilities we are building for the next phase of growth. The most significant activity during the quarter has been the installation of machineries at our new Sangli manufacturing facility. Given the scale and complexity of the facility, this is a highly coordinated exercise involving equipment placement, foundations, alignment, utilities, interconnections and readiness of supporting infrastructure. As is normal in a project of this size, we are encountering a few minor last-mile execution issues during installation. These are largely related to sequencing, interfaces between equipment and infrastructure, and closure of certain site-level dependencies. None of these are structural in nature and the teams are addressing them effectively through detailed daily coordination and prioritization. In parallel, we are preparing the organization for the next stage. This includes process documentation, operator training, quality systems, calibration, traceability and customer audit readiness. In high voltage equipment, the ability to move efficiently from machinery installation to qualified production depends as much on organizational readiness as it does on physical assets. Our objective is therefore to ensure that once installation is completed, the transition into trials, customer qualification and commercial production is as efficient as possible. At Mehru, our focus continues to be on improving throughput from the existing asset base. We are working on line balancing, reduction of changeover times, better material flow and removal Pag [Showing first 8,000 characters — download PDF for full document]