Analysts/Institutional Investor Meet/Con. Call Updates

SPML Date: 20th August, 2026 National Stock Exchange BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers Plot No. C/1, G Block, Dalal Street, Bandra (E), Mumbai-400051 Mumbai-400001 (NSE Scrip Code: SPMLINFRA) (BSE Scrip Code: 500402) Sub: Transcript of Earnings call for the 1st Quarter ended 30th June 2026 for Financial Year 2026-27 Dear Sir(s), Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the transcript of Earnings Call organized by the Company on 17th August, 2026 post declaration of Unaudited financial results for the 1st Quarter ended 30th June 2026 for Financial Year 2026-27. Kindly take the same on records. Thanking you, For SPML Infra Limited Swati Digitally signed by Swati Agarwal AgarwalDate: 2026.08.20 16:34:30 +05'30' Swati Agarwal Company Secretary Encl.: As above SPML INFRA LIMITED CIN: L-tOl06WBl98lPLC276372 Rood.Oflice:22,CamacStreet,Block-A.3rdFloor.Kolkata700016 ph:+91 334009120011247 E-mail:info@spml.oo.inIWebsite:www.spml.co.in SPML Engineering Life “SPML Infra Limited Q1 FY27 Earnings Conference Call August 17, 2026 SPAI. c H o R L L' ololllo Engineering fe MANAGEMENT: MR. MANOJ DIGGA – EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER – SPML INFRA LIMITED MR. MALAY CHAKRABORTI – EXECUTIVE VICE PRESIDENT, PROJECTS – SPML INFRA LIMITED MR. SAMIR PATEL – CHIEF OF TECHNOLOGY AND OPERATIONS, BESS – SPML INFRA LIMITED MR. ARUN AGARWAL – VICE PRESIDENT, FINANCE AND ACCOUNTS – SPML INFRA LIMITED MODERATOR: MR. ROHAN BARANWAL – ARIHANT CAPITAL MARKETS LIMITED Page 1 of 15 SPML SPML Infra Limited Engineering Life August 17, 2026 Moderator: Ladies and gentlemen, good day, and welcome to SPML Infra Limited Q1 FY27 Earnings Conference Call, hosted by Arihant Capital Markets Limited. 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 over the conference to Mr. Rohan Baranwal from Arihant Capital Markets Limited. Thank you, and over to you, sir. Rohan Baranwal: Hello, everyone. A very good afternoon, and welcome to SPML Infra Limited Quarter 1 FY27 Earnings Conference Call, hosted by Arihant Capital. From the senior management, we have with us on the call today, Mr. Manoj Digga, Executive Director and CFO of the company. Mr. Malay Chakraborti, EVP Projects; Mr. Samir Patel, Chief Operative and Technical Officer, BESS; and Mr. Arun Agarwal, Vice President, Finance and Accounts. Before we begin the earnings call, we must remind you that the discussions on today's call may include certain forward-looking statements and must be, therefore, moved in conjunction with the risks that the company faces. I would now like to hand over the call to the management, Mr. Arun Agarwal, for his opening remarks. Thank you, and over to you, sir. Arun Agarwal: Good afternoon, everyone, and thank you for joining us for the SPML Infra's Q1 FY27 earnings conference call. We sincerely appreciate your continued trust and interest in our company. So to begin with, as we begin FY27, India's infrastructure sector continues to evolve from capacity creation towards capability building, with water security, grid modernization, renewable energy integration and energy storage emerging as fundamental pillars of the company's development goals. For SPML Infra, this evolution aligns closely with our long-standing strengths. Over 4 decades, we have built deep execution capabilities across water and power infrastructure. And over the past 2 years, we have transformed the company through disciplined bidding, balance sheet strengthening and strategic investments into emerging segments. Investment now beginning to translate into execution and scale. Now let me briefly touch upon the industry environment. India's energy transition presents an equally compelling opportunity. The Union Budget 2026-'27 allocated INR1,09,029 crores to the energy sector, driving investments in transmission and grid modernization as renewable energy capacity expands. Over 100 gigawatts of these tenders have already been floated against a projected requirement of 236 gigawatt by 2031-'32, one of the most significant infrastructure opportunities of the next decade. Water remains one of India's most critical infrastructure priorities. With over 81% of rural household now covered under the Jal Jeevan Mission, the government has extended the mission to 2028 with INR67,670 crores Union Budget allocation and restructured it into JJM 2.0 with a total outlay of INR8.69 lakh crores. Page 2 of 15 SPML SPML Infra Limited Engineering Life August 17, 2026 Alongside AMRUT 2.0, Namami Gange and River linking programs, nearly INR17 lakh crores of planned government investments across water infrastructure is expected to create a robust pipeline over the medium term. Against this backdrop, SPML continued to make meaningful strategic progress during this quarter. Our order book today stands at approximately INR5,100 crores, providing healthy medium- term revenue visibility. More importantly, the quality of order book continues to improve significantly, only around INR1,251 crores order related to legacy projects, while the balance consists predominantly of projects carrying expected operating margins of 10% or higher. A sizable volume of business has started coming in from drinking water, irrigation, river linking, sewerage, power substation and base. And the company is hopeful of surpassing its guidance of more than INR5,000 crores in order intake in the current financial year, against which we have taken INR1,293 crores order in Q1 and are L1 in INR 212 crores of orders. On the manufacturing front, we continue to make encouraging progress at our battery energy storage manufacturing facility at Supa MIDC, Pune. The first phase of our 2.5 gigawatt assembly line is fully ready. The company has also started obtaining various certification from IEC/UL for its battery pack, which are required for supplying the container to NTPC against its current order. And we are targeting to build the NTPC in Q4, subject to requisite approvals. The line will subsequently be scaled 2.5 gigawatt together with an annual manufacturing capacity of 600 container units to cater to future orders for battery packs and containers, for which the company is continuously bidding and approaching various EPC contractors as an OEM player. We expect the capacity enhancement from 2.5 gigawatt to 5 gigawatt along with the container facility expansion to be completed in the first half of FY 2028, along with the order for the associate facility, which addresses a market potential of 208 gigawatt by 2030, up from 34.72 gigawatts in FY27. Tender in this space are coming in continuously, and the company participates on a regular basis based on its selected criteria. The company holds a competitive advantage over other base players on account of its manufacturing facility and exclusive technology partnership with Energy Vault, US. This facility positions SPML as one of the early movers to manufacture advanced grid scale battery energy storage system under the government's Make in India initiative. Turning to the status of our NTPC order, the advance has already been received from NTPC. Design and drawing approvals are expected to be completed by Q3 FY27. We anticipate the sample containers being approved by NTPC by December. And subject to their approval, we will commence supply of containers to NTPC in Q4 and the same will be completed within their contractual timelines of FY28. On the water and power front, we track a pipeline of about 134 upcoming projects, worth close to INR98,725 crores across 11 states, with irrigation and water supply making up ov [Showing first 8,000 characters — download PDF for full document]