Transcript enclosed

RHI MAGNESITA INDIA LTD. 19th & 20th Floor, DLF Square, M-Block, Phase II, Jacaranda Marg, DLF City, Gurugram, Haryana 122002 T +91 124 4299000 E corporate.india@rhimagnesita.com www.rhimagnesitaindia.com 18 August 2026 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street Exchange Plaza, Plot No. C/1, G Block, Mumbai – 400 001, India Bandra Kurla Complex, Bandra (East) BSE Scrip Code: 534076 Mumbai – 400 051, India NSE Symbol: RHIM Dear Sir/ Madam, Sub: Transcript of Conference Call for the quarter ended 30 June 2026 Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, and further to our earlier intimation dated 6 August 2026, the transcript of the conference call held on 12 August 2026, for discussing the earning performance for the quarter ended 30 June 2026, is annexed herewith. The same will also be uploaded on the Company’s website at the below link: https://www.rhimagnesitaindia.com/investors/investor-meet Kindly take the same on record. Thanking you, Yours faithfully For RHI Magnesita India Limited Sanjay Kumar Company Secretary ICSI Membership No. -17021 Registered Office: Unit No.705, 7th Floor, Lodha Supremus, Kanjurmarg Village Road, Kanjurmarg (East), Mumbai-400042, T +91 22 49851200 CIN: L28113MH2010PLC312871 Sensitivity: Internal “RHI Magnesita India Limited Q1 FY27 Earnings Conference Call” August 12, 2026 MANAGEMENT: MR. PARMOD SAGAR – CHAIRMAN MR. PANKAJ MALHAN – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. AZIM SYED – CHIEF FINANCIAL OFFICER Moderator: Ladies and gentlemen, good day, and welcome to the RHI Magnesita India Limited Q1 FY27 Earnings Conference Call. 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 a touchtone phone. Before we get started, I would like to point out that some statements made or discussed on today's call may be forward-looking in nature and must be viewed in conjunction with the risks and uncertainties that we face. The company does not undertake to update these forward-looking statements publicly. I now hand the conference over to Mr. Parmod Sagar, Chairman from RHI Magnesita India Limited. Thank you, and over to you, sir. Page 1 of 16 Sensitivity: Internal RHI Magnesita India Limited August 12, 2026 Parmod Sagar: Thank you very much. Good morning, everyone, and thanks for joining us. It is a pleasure to welcome all of you for this earnings conference call for the first quarter of financial year '27. Safety remains our highest priority at RHI Magnesita. We will continue to invest in our safety programs and make safety progress for Zero harm and the well-being of our people. We delivered a strong start to financial year '27 with revenue growth and a significant improvement in profitability despite a volatile operating environment. This performance underscores the resilience of our business model, the effectiveness of our execution and the strength of the strategic foundation we have built over the year. Our Q1 performance reinforces confidence in our ability to create long-term value while maintaining disciplined growth. Let me briefly share our perspective on the industry environment. The refractory industry continued to operate in a competitive environment characterized by pricing pressure, rising input costs and increasing competition from both domestic and multinational players with greenfield and brownfield expansion. Nevertheless, our differentiated business model, technical expertise and customer-centric approach position us well to navigate these challenges. Encouragingly, demand across all our key end markets remains healthy. In the steel sector, major steel producers reported steady growth in production and volumes aided by strong domestic demand and high-capacity utilization levels. From a refractory industry perspective, continued investment in blast furnaces, steelmaking facilities, rolling mills and capacity expansion projects are expected to sustain demand for refractory products. Our production levels and capacity utilization across steel plants typically support both project related and maintenance refractory requirements. Our requirement for advanced refractory solution to improve campaign life, reduce downtime and enhance thermal efficiency create opportunities. The cement industry maintained strong growth momentum in Q1 '27, supported by robust demand and capacity expansion programs. Industry players remain committed to significant brownfield and greenfield investments, reinforcing a positive long-term demand outlook. While the cement industry experienced margin pressures due to elevated fuel, energy and raw material costs, manufacturers continue to focus on operational efficiency, productivity improvement and cost optimization initiatives. While the operating environment remains dynamic, the structural growth drivers across our end market remain intact. And we remain focused on leveraging our technological leadership and strategic partnerships to consistently outperform the underlying market. Our sustainability agenda continue to translate into enable business initiative through formation of our joint venture with Khemka Refractories, MINPRO to establish a greenfield mineral processing facility in Odisha, which will be a subsidiary of RHI Magnesita India Limited. We see this as strategic investment that deliver both environmental and economic value over the long term. Overall, the progress across these 5 pillars reinforces our strategy of driving Page 2 of 16 Sensitivity: Internal RHI Magnesita India Limited August 12, 2026 profitability, growth through market expansion, technology leadership, cost excellence, sustainability and long-term value creation for our customers. Before I conclude, I would like to take a moment to address an important leadership transition for the company. After having the privilege of leading RHI Magnesita India over the past several years and working alongside a highly committed team to build a strong platform for future growth, I'm delighted to welcome Mr. Pankaj Malhan as our new Managing Director and Chief Executive Officer, while I continue to serve as Chairman. Pankaj brings industry experience, deep customer insight and a strong commercial track record. His customer-centric leadership style and strategic vision make him ideally positioned to lead the company through its next phase of growth. I look forward to working closely with Pankaj as we continue strengthening our market position and advancing our vision of building a high quality differentiated in the systems and solutions business for our customers while generating value for our shareholders and all stakeholders. With that, I would like to invite Pankaj to share his thoughts and perspective on the opportunities ahead. Thank you very much. Pankaj Malhan: Thank you, Parmod, and good morning, everyone. It's an honour to address today as Managing Director and CEO of RHI Magnesita India. I'm joining a company with a strong market position, deep technical expertise and a proven track record of creating value through innovation, operational excellence and longstanding customer relationships. As we look ahead, we remain focused on 5 strategic pillars that are going to drive our next phase of growth. First, we would love to outpace the market by strengthening our presence in high- growth segments such as ironmaking, DRI & pellets, flow control and selected industrial applications. We are very confident this will be supported by new order wins and deeper customer engagement. Second, we continue to expand our 4PRO model, moving beyond traditional product supply to deliver tailored solutions and long-term strategic partnerships with strong momentum [Showing first 8,000 characters — download PDF for full document]