Please find enclosed herewith Transcript of Q1-FY-27/FY27 Earning conference call held on Thursday, August 13, 2026.

Date: August 18, 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 532967 Scrip ID - KIRIINDUS Dear Sir/Madam, Sub: Submission of Transcript for Q1-FY27 Earnings Conference call In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the Transcript of Q1-FY27 Earnings Conference Call held on Thursday, August 13, 2026 at 10:30 A.M. The Transcript of Q1-FY27 Earnings Conference Call is also available on website of the Company at www.kiriindustries.com. You are kindly requested to take note of the same. Thanking You, Yours faithfully, For Kiri Industries Limited Suresh Gondalia Company Secretary M No. : F7306 Encl: As stated CIN No.: L24231GJ1998PLC034094 Kiri Industries Limited Q1 FY '27 Earnings Conference Call August 13, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Kiri Industries Limited Q1 FY 2027 Earnings Conference Call hosted by Valorem Advisors. 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 your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you and over to you, ma'am. Purvangi Jain: Thank you. Good morning, everyone, and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations of Kiri Industries Limited. On behalf of the company, I would like to thank you all for participating in the company's Earnings Conference Call for the 1st Quarter of the Financial Year 2027. Before we begin, I would like to mention a short cautionary statement. Some of the statements made in today's earnings call may be forward-looking in nature. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those anticipated. Such statements are based on management's belief as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of today's earnings conference call is purely to educate and bring awareness about the company's fundamental business and financial quarter under review. I would now like to introduce you to the Management participating with us in the conference call. We have with us Mr. Manish Kiri - Chairman and Managing Director, Mr. Jayesh Hirani - Vice President, Accounts and Finance, Mr. Suresh Gondalia - Company Secretary, and Mr. Ranjit Singh Chugh – CEO, Indo Asia Copper Limited. I would now request Mr. Manish Kiri to give his opening remarks. Thank you and over to you, sir. Page 1 of 18 Manish Kiri: Good morning, everyone, and welcome to the Earnings Conference Call for the 1st Quarter of the Financial Year 2027. I hope you are all keeping safe and well. Let me begin with an update on our integrated copper and fertilizer project first, which continues to remain at the core of our long-term growth strategy. In the quarter, the project progressed from the design stage into a structured construction phase, supported by timely deployment of capital from the group's strengthened financial position. Orders have been placed for several long-lead mechanical, electrical, and utility packages for the project, with finalization of remaining major packages on stage. In parallel, key enabling perspectives continue to advance in the captive jetty desalination facility, dedicated raw material conveying system, and project's long-term power infrastructure. The downstream of copper facilities are planned to be commissioned in phases, with the copper tube targeted by Quarter 1 FY '28, followed by copper rod plant FY '28 and copper refinery in Quarter 3 FY '29. We are also progressing on our engagement with the international mining companies and global trading houses to establish long-term sourcing arrangements for the copper concentrate and rock phosphate, the key raw materials for the project, while continuing to evaluate opportunities across our downstream value-added product portfolio. Overall, the integrated complex remains aligned with our long-term strategic roadmap, and our focus remains on disciplined execution and timely achievement of the next project milestones. With that update on our new platform, let me now turn to the performance of our existing dyes, dyes intermediates, and basic chemical business: The operating environment for the Dyes and Dyes Intermediates industry improved during Q1 FY27. Pricing across Reactive Dyes, Vinyl Sulphone, H-Acid, and certain basic chemicals strengthened during the quarter, supported by tighter global supply, higher efficiency, and continuing impact of environmental compliance measures on manufacturing activities in China. Demand trends, however, remain mixed across product categories, while input cost pressures persisted. Our major raw materials are linked to crude oil prices, which increased during the quarter, resulting in higher input and operating costs. However, improved average selling realizations across our product portfolio, together with effective pass-through of higher raw material costs, supported our material margins and helped sustain profitability. We continued to see improving business conditions across our Dyes, Dyes Intermediates and Basic Chemicals operations. The improvement in realizations was a key driver of revenue Page 2 of 18 growth during the quarter, while our diversified product portfolio and customer base continue to support the business. During the quarter, our standalone material margin improved to 31.9%, compared with 23.5% in Q1 FY26 and 20.4% in Q4 FY26. The improvement was primarily driven by a favourable pricing differential, with average selling prices rising faster than average raw material prices. We remain focused on maintaining pricing discipline, improving capacity utilization wherever opportunities exist and sustaining operational efficiency. Now, coming to the financial performance for the quarter: On a standalone basis, revenue from operations for Quarter 1 FY '27 stood at INR 295 crore, registering a growth of 63% year-on-year. The growth was primarily realization-led, supported by improved average selling realizations across dyes, dyes intermediates, and basic chemicals. Standalone EBITDA stood at INR 17 crore with an EBITDA margin of 5.86%. Further, other incomes earned during the quarter amounted to INR 284 crores, which mainly included earnings from the treasury management. Hence, the profit after tax stood at INR 270 crores. On a consolidated basis, revenue from operations from Quarter 1 FY 2027 stood at INR 312 crores, registering a growth of 55% year-on-year. The growth was led principally by improved price realizations across the product portfolio rather than by volume. Consolidated EBITDA, including share of profit of associates and joint ventures, stood at INR 37 crores, with an EBITDA margin of 7.84%, with profit after tax stood at INR 270 crores. The significant increase in profit after tax during the quarter was primarily driven by strong contribution from other income. Other income stood at INR 286 crores, primarily comprising interest income on inter-corporate loans and realized and unrealized gains on treasury transactions undertaken by the company. This was further supported by improvement in the underlying operating performance, driven by better realizations and better margins. Finance costs reduced sharply following the repayment of borrowings at Claronex Holdings Pte. Ltd., leaving the group substa [Showing first 8,000 characters — download PDF for full document]