Analysts/Institutional Investor Meet/Con. Call Updates

August 20, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department The Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra-Kurla Complex, Bandra (East), Mumbai- 400 001 Mumbai - 400 051 BSE Scrip Code: 543413 NSE Symbol: TEGA Sub: Transcript of the Earnings Conference Call for the Quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed the Transcript of the Earnings Conference Call of Tega Industries Limited held on August 13, 2026, at 5:00 PM (IST) for the Quarter ended June 30, 2026. The same can also be accessed on the Company’s website at https://www.tegaindustries.com/investor/#stock-exchange. Kindly take the same on record. Thanking You, Yours faithfully, For Tega Industries Limited Manjuree Rai Company Secretary & Compliance Officer Membership No. A12858 Enclosed: As stated above “Tega Industries Limited Q1 FY27 Earnings Conference Call” August 13, 2026 MANAGEMENT: MR. MEHUL MOHANKA – MANAGING DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER – TEGA INDUSTRIES LIMITED MR. RAVI NARAYAN JOSHI – CHIEF FINANCIAL OFFICER – TEGA INDUSTRIES LIMITED MR. PRATIK BASU ROY – PRESIDENT, PRODUCT MANAGEMENT, GLOBAL SALES AND MARKETING – TEGA INDUSTRIES LIMITED MR. LANCE DAWBER – CHIEF OPERATING OFFICER – MOLYCOP MR. PATRICK KOLEY – CHIEF FINANCIAL OFFICER – MOLYCOP MR. SOURAV SEN – CHIEF EXECUTIVE OFFICER – TEGA MCNALLY MINERALS LIMITED MODERATOR: MS. SAKSHI MEHTA – MUFG INTIME Page 1 of 13 Tega Industries Limited August 13, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Q1 FY27 Earnings Conference Call of Tega Industries Limited, hosted by MUFG Intime. As a reminder, all participant lines will be in 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 touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Sakshi Mehta from MUFG Intime. Thank you, and over to you, ma'am. Sakshi Mehta: Good evening, everyone, and welcome to the Q1 FY27 earnings conference call of Tega Industries Limited. Today, we are joined by the senior management teams of Tega Industries and Molycop. Representing Tega Industries are Mr. Mehul Mohanka, Managing Director and Group CEO; Mr. Ravi Joshi, Chief Financial Officer; and Mr. Pratik Basu Roy, President, Product Management, Global Sales and Marketing. Representing Molycop are Mr. Lance Dawber, Chief Operating Officer; and Mr. Patrick Koley, Chief Financial Officer. I would now like to hand over the call to Mr. Mehul Mohanka for his opening remarks. Thank you, and over to you, sir. Mehul Mohanka: Thank you, Sakshi. Good evening and a warm welcome to all the participants on the call. It's always a pleasure to connect with our valued investors, analysts and stakeholders. This evening, I'm joined by Sourav Sen, CEO Tega McNally; Pratik Basu Roy, President, Product Management Group; Ravi Joshi, CFO. And from the Molycop team, I have Lance Dawber, Chief Operating Officer; and Patrick Koley, CFO. I'm pleased to share that Tega Group delivered a strong quarterly performance reflecting the resilience of our business model, the strength of our market position and the successful integration of Molycop into the group. On a consolidated basis, the group reported revenue from operations of INR17.2 billion, significantly higher than the prior year, reflecting the scale and diversification benefits of the combined platform. Consolidated EBITDA before one-time expenses stood at INR2.6 billion, delivering an adjusted EBITDA margin of 15%. During the quarter, we incurred one-time expenses of INR1.9 billion primarily related to acquisition and integration expenses. Looking at our legacy Tega businesses, performance remained robust across key segments. On a consolidated basis, Tega delivered another strong quarter. Revenue increased by 21% year-on- year to INR4.3 billion while EBITDA grew by 42% to INR1 billion. EBITDA margins improved to 22.1% from 19.1% in the prior year, highlighting our focus on profitable growth, operating leverage and disciplined execution. Importantly, the business continues to be supported by a healthy order book of INR12.3 billion, providing strong visibility for future revenue and reinforcing confidence in the underlying demand environment. In the Tega consumables business, revenue grew by 36% year-on-year to INR4 billion, while EBITDA before one-time expenses increased by 58% to INR1 billion. Page 2 of 13 Tega Industries Limited August 13, 2026 EBITDA margins expanded to 24.1% compared with 20.9% in the prior year, representing a significant improvement of 320 basis points. This performance reflects sustained customer demand, operational efficiencies and continued focus on value-added solutions. The equipment business experienced a softer quarter with revenue of INR358 million compared to INR643 million in the prior year. EBITDA was broadly breakeven during the period. The revenue shortfall was primarily attributable to delays in customer clearances while profitability was impacted by operating leverage arising from lower volumes. Despite the near- term challenges, we remain confident in the long-term prospects of this business and continue to focus on strengthening our project pipeline and order conversion. In Molycop, we are encouraged by the progress achieved since the acquisition. Molycop contributed INR12.9 billion in revenue during the quarter and generated EBITDA before one- time expenses of INR1.6 billion representing an EBITDA margin of approximately 13%. We incurred INR1.95 billion of one time acquisition and integration related costs during the period. The integration process continues to progress well, and we remain focused on unlocking both commercial and operational synergies across the combined businesses. Overall, the quarter demonstrates the strength and resilience of our combined businesses. We are seeing encouraging momentum across our business lines, continued margin expansion and healthy customer demand across key markets. As we move forward, our priorities remain focused on delivering integration synergies, enhancing operational excellence and expanding customer relationships while leveraging cross selling opportunities across both Tega and Molycop. We remain confident in our strategy and the long-term value creation potential of the combined Tega and Molycop platform and we are committed to delivering sustainable, profitable growth for all our stakeholders. Based on industry expert forecasts, the global gold market is expected to grow at approximately 2.2% CAGR through FY30 while copper demand is projected to grow at around 4.8% CAGR resulting in a blended market growth rate of nearly 3%. Given Tega Group's platform strong presence across key mining regions and its exposure to both gold and copper end markets, the company is well positioned to benefit from these favorable industry fundamentals. The outlook for both the grinding media and mill line industries remain robust, supported by continued investment across the global mining sector. According to UNCTAD, global copper demand is expected to increase by more than 40% by the year 2040. This demand will require approximately USD250 billion of investment and the development of nearly 18 new mines. These investments are expected to drive higher mining activity, ore processing volumes and demand for critical consumables such as grinding media and mill liners. The combined platform is well positioned to capitalize on attractive growth opportunities across the mining value chain, supported by strong underlying demand from existing operations and new project developments. Both Tega's le [Showing first 8,000 characters — download PDF for full document]