Analysts/Institutional Investor Meet/Con. Call Updates

Date: August 20, 2026 To, To, Listing/Compliance Department Listing/Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G-Block, Bandra-Kurla Complex, Mumbai - 400001 Bandra (E), Mumbai - 400051 BSE Scrip Code: 544459 NSE Symbol: SHANTIGOLD Subject: Q1 FY27 Earnings Call - Transcript Ref: Regulation 30 & 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) Dear Sir / Madam, With reference to our intimation filed on August 10, 2026, please find enclosed the transcript of the Q1 FY27 Earnings Call held on Friday, August 20, 2026 at 02:30 P.M. (IST) for the quarter ended June 30, 2026. This intimation is also being uploaded on the Company’s website at www.shantigold.in. We request you to take the same on record. Thanking you, For Shanti Gold International Limited Vrushti Shah Company Secretary & Compliance Officer Encl: As above “Shanti Gold International Limited Q1 FY27 Earnings Conference Call” August 14, 2026 MANAGEMENT: MR. PANKAJKUMAR JAGAWAT – CHAIRMAN AND MANAGING DIRECTOR – SHANTI GOLD INTERNATIONAL LIMITED MR. SHRIRAM IYENGAR – CHIEF FINANCIAL OFFICER – SHANTI GOLD INTERNATIONAL LIMITED MODERATOR: MR. SMIT SHAH – ADFACTORS PR Page 1 of 21 Shanti Gold International Limited August 14, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Shanti Gold International 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 at the end of today's presentation. 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 would now like to hand the conference over to Mr. Smit Shah from Adfactors PR. Thank you, and over to you, sir. Smit Shah: Thank you, Manav. Good afternoon, everyone. I am Smit Shah from Adfactors Investor Relations team. On behalf of Shanti Gold International Limited, it is my pleasure to welcome you all to the Q1 FY27 earnings conference call. Joining us on the call today from the management team are Mr. Pankajkumar Jagawat, Chairman and Managing Director, and Mr. Shriram Iyengar, Chief Financial Officer. We will begin today's call with opening remarks from the management, following which we will open the floor for a Q&A session. Before we begin, I would like to remind everyone that certain statements made in today's call may be forward-looking in nature. These statements are based on management's current expectations and are subject to risks and uncertainties that could cause the actual results to differ materially. Shanti Gold International Limited undertakes no obligation to publicly update or revise any forward-looking statement based on subsequent events or new developments. With that, I would like to hand over the call to Pankaj sir for his opening remarks. Thank you, and over to you, sir. Pankajkumar Jagawat: Good afternoon, everyone, and a warm welcome to the Q1 FY27 earning conference call of Shanti Gold International Limited on behalf of the management team. I would like to thank all our investors, analysts, stakeholders, and business partners for joining us today and for their continued support and trust. August marks one year since Shanti Gold International Limited was listed on the stock exchange. The past year has been an important phase in our journey, and we remain focused on building a stronger, more scalable, and sustainable business while continuing to create long-term value for all our stakeholders. Coming to the quarter, Q1 FY27 was an important period for the company, particularly from an operational perspective, with the successful commencement of operations at our new manufacturing facility in Marol, Mumbai. The facility marks a significant step up in our manufacturing capabilities and provides us with the additional capability and flexibility to support the growing requirements of our customers. The quarter also reflected continued momentum in our core business. We witnessed healthy customer traction, supported by deeper engagement with existing customers, expansion across Page 2 of 21 Shanti Gold International Limited August 14, 2026 domestic markets, and a growing customer base. Our focus continues to remain on strengthening our position as a trusted manufacturing partner for organized jewellers, retailers by offering quality, differentiated designs, and reliable execution of scale. From an industry perspective, the outlook for the organized jewellery continues to remain constructive. India's jewellery market is supported by strong wedding and occasion-led demand, rising disposable incomes, and an increasable preference for organized and branded jewellery. At the same time, organized retailers are increasingly focusing on inventory optimization, wider product offerings, and faster design cycles, creating a structural opportunity for scalable and reliable jewellery manufacturers. We believe our design capabilities, manufacturing scale and established customer relationships position us well to benefit from this opportunity. Coming to our financial performance during quarter 1 FY27, the company reported revenue from operations of INR716.38 crores compared to the INR292.78 crores in Q1 FY26, registering a growth of 144.69%. EBITDA for the quarter stood at INR71.45 crores, with an EBITDA margin of 9.97%. The profit after tax stood at INR50.48 crores compared to INR34.36 crores in the corresponding quarter of the previous year. Growth was driven by the healthy volume expansion, reinforced by continued customer focus, the rollout of new designs, and outreach to new customers and markets. The commencement of operations at Marol provided further capabilities to support the momentum and cater to the larger and more diverse customer requirements. We also continued to make progress on strengthening our product mix, value-added categories, including designer jewellery, Turkish jewellery, and gaining traction and are contributing to improved realization. Our focus remains on increasing the contribution of differentiated and higher-value products while maintaining the quality and execution standards that underpin our customer relationships. The Marol facility also provides us with an opportunity to further enhance our manufacturing flexibility and design throughput. Alongside this, the upcoming Jaipur facility will further strengthen our manufacturing footprint and support our ability to address the growing demand across markets. As part of our growth and capital planning, the company has approved a rights issue of 46,43,471 fully paid-up equity shares of face value 10 each, aggregating up to INR100 crores. The proposed fundraise will support the company's growth plans and strengthen its capacity to capitalize on emerging opportunities. Looking ahead, our priorities remain focused on three key areas. The first is capacity expansion, which will continue to ramp-up the facility and progress with the upcoming Jaipur facility to support our growth ambitions. Page 3 of 21 Shanti Gold International Limited August 14, 2026 The second is market expansion, with continued focus on strengthening our presence across key domestic markets, expanding our export business, and deepening our relationships with existing customers while adding new customers. The third is product mix enhancement, which we will continue to develop and scale value-added categories such as designer and Turkish jewellery, along with the new product offerings aligned with evolving customer preferences. We remain encouraged by the customer traction and demand visibility across our business with a stronger manufacturing base, expanding customer relationships, and a differentiated product portfolio. We believe Shanti Gold is well positioned to capitalize on the stru [Showing first 8,000 characters — download PDF for full document]