Analysts/Institutional Investor Meet/Con. Call Updates

An ISO 9001 & ISO 13485 Certified Company Date – August 17, 2026 To, To, BSE Limited (“BSE”), National Stock Exchange of India Limited Corporate Relationship Department, (“NSE”) 2nd Floor, New Trading Ring, “Exchange Plaza”, 5th Floor, P.J. Towers, Dalal Street, Plot No. C/1, G Block, Mumbai – 400 001 Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051 BSE Scrip code: 543399 NSE Symbol: TARSONS Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Transcript of Earnings Conference Call Dear Sir/Madam, With reference to the captioned subject and in continuation to our intimation dated August 04, 2026, please find enclosed herewith the transcripts of the Investor Conference Call held on Tuesday, August 11, 2026, to discuss the financial and operational performance/Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. The transcripts of the said conference call have been uploaded on the Company’s website at www.tarsons.com. This is for your information and records. Thanking you, Yours Faithfully, For Tarsons Products Limited Santosh Kumar Agarwal CFO, Company Secretary & Compliance Officer ICSI Membership No. A44836 Encl: As above Tarsons Products Limited, 902, Martin Burn Business Park, BP-3, Sector –V, Salt Lake, Kolkata – 700091 Tel: +91 33 3522 0300, Web: www.tarsons.com Mail: info@tarsons.com, CIN: L51109WB1983PLC036510 “Tarsons Products Limited Q1 FY’27 Earnings Conference Call” August 11, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recording uploaded on the stock exchange on August 11, 2026 will prevail MANAGEMENT: MR. ARYAN SEHGAL – PROMOTER & WHOLE TIME DIRECTOR, TARSONS PRODUCTS LIMITED MR. SANTOSH AGARWAL – CHIEF FINANCIAL OFFICER & COMPANY SECRETARY, TARSONS PRODUCTS LIMITED Page 1 of 18 Tarsons Products Limited August 11, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Tarsons Products Limited Q1 FY’27 Earnings Conference Call. Before we begin, I would like to point out that 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 the conference call, please signal an operator by pressing ‘*’ then ‘0’ on a touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Aryan Sehgal – Promoter and Whole-Time Director of Tarsons Products Limited. Thank you and over to you, sir. Aryan Sehgal: Good afternoon, everybody and a warm welcome to the Q1 FY’27 Earnings Call of Tarsons Products Limited. I am joined today along with Santosh Agarwal – our CFO, and SGA, our Investor Relation partner. We have uploaded our Result and Investor Presentation for the Q1 FY’27 on our website and stock exchange. I hope everybody had the opportunity to go through the same. Building on the momentum from the previous quarter, we delivered a healthy performance in Q1 FY’27 with consolidated revenue of Rs. 110 crores, growing by almost 21% Y-o-Y. Our standalone revenue also grew by 21% Y-o-Y and came to Rs. 86 crores, marking our highest ever Q1 standalone revenue. The performance reflects the resilience of our business model and our ability to deliver growth despite a challenging operating environment. Our domestic sales grew 17% Y-o-Y, supported by the strength of our extensive distribution network, deeper customer engagement and improving demand conditions. We have seen a meaningful revival and improvement in the demand and momentum across end-to-end industries we serve, with a notable uptick in customer inquiries during this quarter. The level of customer engagement during Q1 gives us confidence that the demand recovery is not merely transient but has the potential to sustain and strengthen over the coming quarter. Importantly, this growth delivered in the quarter has been driven predominantly by our existing product portfolio, with negligible contributions coming from our incremental capacities and newly introduced product categories. Page 2 of 18 Tarsons Products Limited August 11, 2026 This is particularly encouraging from a forward-looking perspective as it demonstrates the underlying strength of our core franchise while leaving significant headroom for growth as our expanded capacities and new products ramp up. We believe this positions us well to capture the improving demand environment and deliver strong growth over the medium term. We have built the foundation for the next phase of growth through our investment in incremental capacities, enhanced manufacturing capabilities and expanded product portfolio. These investments are expected to contribute meaningfully over the coming years. Beyond the domestic market, our focus on expanding our international presence provides an additional avenue for growth. As our overseas footprint and capabilities scale, we see meaningful headroom to increase our overseas contribution and deliver sustainable, profitable growth over the medium and long term. Speaking of our overseas business, following the disruption witnessed in the previous quarters due to geopolitical tensions in West Asia and the uncertainties related to the U.S. tariffs, our export business from India saw a healthy recovery, growing 29% in the first quarter. Customer inquiries and order pipelines have recovered with healthy momentum, with increasing inquiry levels translating into healthy order conversions. While the operating environment remains dynamic, recovery in customer activity and improving order visibility provide encouraging signs for the coming quarters. The growth in exports is also being supported by our ongoing participation in international trade fairs and exhibitions, which has further enhanced our visibility, enabled us to engage with new customers and markets. The benefit of these initiatives are now increasingly translating into inquiries, customer additions, and order wins. We are seeing encouraging opportunities in the white labeling segment and expect this to be a key growth driver in the export business going forward. As our international footprint expands and our brand gains greater traction, we believe exports represent a meaningful growth opportunity and remain well positioned to capitalize on improving market conditions. During the quarter, our German-based subsidiary delivered a resilient performance, with revenue growing approximately 6% year-on-year in constant currency terms. While the operating environment remains challenging, the business has demonstrated encouraging resilience. We remain confident in its long-term growth prospects, supported by strong customer acceptance of the Nerbe brand. We are confident of a considerable growth runway that can be unlocked through deeper integration and synergies between Nerbe and Tarsons. Leveraging Nerbe’s established network and strong customer relationships to cross-sell Tarsons-manufactured products presents a meaningful opportunity for us. Page 3 of 18 Tarsons Products Limited August 11, 2026 Speaking about our profitability, the margins moderated in Q1 FY’27, primarily due to the sharp escalation in raw material prices over the recent months. Our key input costs have gone up anywhere in the range of 25% to 50%, putting pressure on gross margins. EBITDA was further impacted by the operating costs associated with the recently commissioned facilities. All these facility ramp-ups and revenue contribution scales progressively over coming years. We expect the operating leverage to support the margin expansion. To m [Showing first 8,000 characters — download PDF for full document]