Analysts/Institutional Investor Meet/Con. Call Updates

Regd. Office: Distillery Unit, Dabwali Road, Sangat Kalan, Bathinda- 151401 Ph.: 0164-2220129 ,2240163 Website: www.bcl.ind.in Email: bcl@mittalgroup.co.in CIN: L24231PB1976PLC003624 The National Stock Exchange of India BSE Limited Limited Exchange Plaza, 5 th Floor Plot Corporate Relationship Dept. 1 1st Floor, New Trading No. C/1, G Block Bandra Kurla Complex Ring Rotunda Building Phiroze Jeejeebhoy Towers Bandra (East) Mumbai – 400051 Dalal Street, Fort, Mumbai – 400001 BSE Code: 524332 NSE SCRIP CODE: BCLIND August 18, 2026 Dear Sir/Madam Reg: Analyst/Investors Concall Transcript Dear Sir/Madam Pursuant to clause 15 of Para A of Part A of Schedule III of Regulation 30 (2) of SEBI (listing obligations and disclosure requirements) regulations, 2015, we hereby annex the transcript of the Analyst and Investors conference call held on August 14, 2026 to discuss unaudited (cid:976)inancial results of the Company for the Quarter ended on June 30, 2026. Submitted for the larger dissemination amongst the public at large Thanking You, Yours faithfully For BCL Industries Limited Ajeet Kumar Thakur (Company Secretary & Compliance of(cid:976)icer) Corporate Of(cid:976)ice: BCL Industries Limited, Unit No. A620, 6th Floor, Elante Of(cid:976)ice Plot No. 178-178A, Industrial & Business Park Phase-1, Chandigarh-160002 “BCL Industries Limited Q1 FY27 Earnings Conference Call” August 14, 2026 MANAGEMENT: MR. KUSHAL MITTAL – JOINT MANAGING DIRECTOR – BCL INDUSTRIES LIMITED MR. VARUN GUPTA – CHIEF EXECUTIVE OFFICER – BCL INDUSTRIES LIMITED MS. RIDDHI SHAH – GO INDIA ADVISORS, INVESTOR RELATIONS – BCL INDUSTRIES LIMITED MODERATOR: MR. NITIN AWASTHI – INCRED EQUITIES Page 1 of 12 BCL Industries Limited August 14, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the BCL Industries Limited Q1 FY27 Earnings Conference Call hosted, by InCred Equities. 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 star, then zero on your touch-tone phone. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Please note that this conference is being recorded. I now hand the conference over to Mr. Nitin Awasthi. Thank you, and over to you, sir. Nitin Awasthi: Thank you. I would like to thank the management for giving us this opportunity to host their conference call today. From BCL Industries management, we have Mr. Kushal Mittal, JMD; Mr. Varun Gupta, CEO. Also from Go India Advisors, their IR, we have Riddhi Shah. I would now like to invite Mr. Kushal to initiate the proceedings with his opening remarks, post which we shall open the floor for a Q&A session. Thank you, and over to you, sir. Kushal Mittal: Thank you, Nitin. Good afternoon, everyone, and a warm welcome to BCL Industries Limited Q1 FY27 Earnings Conference Call. I thank you for joining us today. I would like to begin by providing some recent updates regarding the company. It is unfortunate to report that on 19th June 2026, a fire incident occurred at one of our ethanol storage tanks at our Bathinda, Punjab, distillery. However, on the positive side, there were no injuries to any employees, workers or personnel, and the fire was fully brought under control on the same day. This resulted in a temporary shutdown of our 200 KLPD ethanol plant. I want to reassure investors that based on our assessment, full recovery of the resulting losses through insurance claims is considered virtually certain and no net financial loss has been recognized in this result. Against this backdrop, BCL Industries has commenced FY27 on a steady note. Further strengthening our Distillery segment, on 30th June 2026, we completed the acquisition of the remaining 25% stake in Svaksha Distillery Limited, making the 350 KLPD distillery in Kharagpur, West Bengal, a wholly-owned subsidiary of BCL Industries Limited. I'm pleased to say that we have concluded this acquisition well within the stipulated timeline. Further, the newly added 150 KLPD unit commercial trials began at the end of June 2026 and was commercially successfully commissioned in the first half of July. The revenue impact arising from the temporary shutdown of the 200 KLPD unit is expected to be substantially mitigated by the ramp-up in production from the newly commissioned 150 KLPD unit at Bathinda. While realizations of ENA and ethanol supplies to private buyers remained under pressure due to oversupply, with ENA realizations declining to INR58 per liter in Q1 FY27 from INR70 a Page 2 of 12 BCL Industries Limited August 14, 2026 liter in Q1 FY26, the company continues to actively compete in the market to secure orders and maintain 100% capacity utilization. Despite the challenging environment, the Distillery segment margin improved to 12.4%, supported by the operational efficiencies and the vertical integration that has been due to the maize oil extraction unit and our maize oil refinery. Our 115 TPH paddy straw boiler continues to meet 100% of distillery steam and power requirements, further supporting cost efficiencies. Our Country liquor business continued to deliver strong momentum during the quarter. We sold 6,37,993 boxes in Q1 FY27 with our volumes increasing 42% quarter-on-quarter and 46% year- on-year. The strong growth reflects continued traction of our country liquor portfolio. We launched Punjab Raspberry in Q4, which has good consumer acceptance. Building on this momentum, we have launched Jamun Vodka in July 2026, further expanding our portfolio and strengthening our presence in the country liquor business. As previously communicated, we have completed our exit from the packaged oil business, including the formal closure of the Oil & Vanaspati Unit at a previous Bathinda location. This quarter results include INR 199.47 lakhs, representing profit on the sale of fixed assets, comprising building materials and scrap from our dismantled unit. We continue to operate our soft oil refinery and trading business, which remains part of our legacy operations. We have also commissioned our maize oil extraction unit at Svaksha, a fully backward integrated facility that enables us to capture greater value across the value chain. Now moving on to our financial performance for the quarter. Consolidated revenues from operations for Q1 FY27 stood at INR 623 crores compared to INR 820 crores in Q1 FY26. The reduction in revenue is primarily due to the closure of our edible oil unit and exit from the packaged oil business. EBITDA for the quarter stood at INR 66 crores, up 17% year-on-year with EBITDA margin improving sharply by 370 basis points to 10.5% from 6.8% in Q1 FY26. PAT for the quarter came at INR 36, up 6% year-on-year with PAT margin improving to 5.7% from 4.1% in Q1 FY26. On a segmental basis, our distillery business reported an EBITDA margin of 12.41% in Q1 FY27, up from 11.8% in Q4 FY26 and 10% in Q1 FY26. ENA volumes grew sharply to 19,376 KL in Q1 from 7,960 KL in Q1 FY26, reflecting continued diversion towards ENA amid the competitive ethanol environment, while the ethanol volumes stood at 37,787 KL for the quarter. To conclude, BCL Industries is strongly positioned to capture growth across our core distillery and refinery divisions. As we execute our strategic initiatives, we remain fully committed to driving long-term sustainable value for our shareholders. Thank you for your time and continued support. We would now like to open the floor for questions. Moderator: Thank you, sir. We will now begin the question-and-answer session. The first question comes from the line of Deepesh Sancheti with Maanya Finance. Pag [Showing first 8,000 characters — download PDF for full document]