Analysts/Institutional Investor Meet/Con. Call Updates

Date: August 21, 2026 To To National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 5th Floor, C-1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers Dalal Street Bandra Kurla Complex, Bandra (E), Mumbai Mumbai – 400001 400051 Scrip Code: 544485 Symbol: REGAAL Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 – Transcript of the Q1 FY27 Earnings Conference Call Dear Sir/ Madam, Pursuant to Regulation 30 and Regulation 46 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find attached herewith the transcript of the Earnings Conference Call with the Analysts/Investors, held on Monday, August 17, 2026 in connection with the Unaudited Financial Results of the Company for the quarter ended June 30, 2026. The said transcript has also been made available on the Company’s website and can be accessed at https://regaalresources.com/schedule-of-analyst-or-investors-meet/. We request you to kindly take the aforesaid information on record. Thanking you, For Regaal Resources Limited Tinku Kumar Gupta Company Secretary and Compliance Officer “Regaal Resources Limited Q1 FY’27 Earnings Conference Call” August 17, 2026 MANAGEMENT: MR. ANIL KISHOREPURIA - CHAIRMAN AND MANAGING DIRECTOR, REGAAL RESOURCES LIMITED MR. KARAN KISHOREPURIA - WHOLE TIME DIRECTOR, REGAAL RESOURCES LIMITED MR. SAIKAT CHATTERJEE - CHIEF FINANCIAL OFFICER, REGAAL RESOURCES LIMITED MODERATOR: MS. DEEPALI KUMARI - ARIHANT CAPITAL MARKETS LIMITED Page 1 of 14 Regaal Resources Limited August 17, 2026 Moderator: Ladies and gentlemen, good day and welcome to Regaal Resources Limited Q1 FY’27 Earnings Conference Call hosted by Arihant Capital Markets Limited. 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 presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing “*” then “0” on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Deepali Kumari from Arihant Capital Markets Limited. Thank you and over to you. Deepali Kumari: Thank you. Hello and good morning to everyone. On behalf of Arihant Capital Markets Limited, I thank you all for joining into the Q1 FY’27 earnings conference call of Regaal Resources Limited. Today from the Management, we have Mr. Anil Kishorepuria – Chairman and Managing Director, Mr. Karan Kishorepuria – Whole Time Director and Mr. Saikat Chatterjee – Chief Financial Officer. So, without any further delay, I will hand over the call to the management for their opening remarks. Over to you, Anil sir. Sanjeev Sancheti: Thank you, Deepali and good morning to all participants. Before I hand over the call to Mr. Anil Kishorepuria for his opening remarks, I would like to draw your attention to the safe harbor statement included in the earnings presentation. I request all the participants to kindly review the same and have a good look at it prior to the commencement of the Q&A session. Thank you and over to you, Mr. Kishorepuria. Anil Kishorepuria: Thank you. Good afternoon, everyone and thank you for joining us for the Regaal Resources earnings call for the first quarter of FY’27. Quarter 1 FY’27 marks an important inflection point in Regaal’s growth journey. During the quarter, we completed a major phase of capacity commissioning and have now entered a phase focused on ramping up utilization, scaling volumes and capturing greater value from expanded manufacturing capabilities. The centerpiece of this phase was the commissioning on 26 May 2026 of a doubling of a crushing capacity from 825 metric ton per day to 1650 metric ton per day alongside a new liquid glucose facility of 180 tons per day, a Maltodextrin powder facility of 50 metric tons per day, an expansion of a captive cogeneration power plant from 7.1 megawatt to 15.8 megawatt. Together, these investments have established Regaal as the largest maize wet milling facility in eastern India. Importantly, this expansion represents far more than an increase in tonnage. It strengthens our ability to capture value across the maize processing chain, broadens our product portfolio and allows us to serve a wider range of applications and customers. Against this increase, we are Page 2 of 14 Regaal Resources Limited August 17, 2026 pleased to report, a strong start to FY27, operating income from the quarter stood at Rs. 202 crores. Value-added grew 30.3% year-on-year to Rs. 80.53 crores, with value-added margin expanded to 39.8% from 25.1% in Q1 FY26 , driven by a decisive shift towards higher margin, manufacturing led revenue. We also continue to deepen our international footprint. Contribution from exports more than doubled to 10.4% in quarter 1 ‘27 from 4.9% in quarter 1 ‘26, reflecting growing acceptance of our products across international markets. With our expanded capacity and enlarged product base, we need to enter new geographies, deepen existing relationships and build a more geographically diverse revenue base. Looking ahead, our focus is on further strengthening and diversifying our value-added product portfolio. During FY’27, we plan to enter high value derivatives including Dextrose Anhydrous, Dextrose Monohydrate and Hydrol, while expanding beyond our existing Dextrin and edible starch range into specialized modified starches such as cationic starch, carboxymethyl starch, pre-gel starch and spray starch. In parallel, we are building out the supporting infrastructure for this growth, with an additional 50,000 tons of storage across two new silos, a 50,000-square-feet Maize godown and a 1.6-megawatt Methane gas-based power plant. With the major investment cycle substantially behind us, our attention is firmly on translating this enhanced capacity into higher utilization, a richer product mix, stronger capital and sustainable long-term value for all our stakeholders. With that, I would like to hand over the floor to Mr. Saikat Chatterjee – our CFO, to take us through the financial performance for the quarter. Saikat Chatterjee: Thank you, Anil sir, and very good morning. The Q1 FY’27 was a quarter of transition. The operating income for the quarter stood at Rs. 202.15 crores, lower by 18% year-on-year on account of a deliberate reduction in low-margin trading activity. Contribution from trading fell to 3.3% in Q1 FY’27 from 19.5% in Q1 FY’26, which resulted in an improvement in our profitability with value-added growing 30.3% year-on- year to Rs. 80.53 crores and value-added margin expanding by 1,477 basis points to 39.8%. This improvement flowed through to profitability. The operating EBITDA rose 26.6% year-on-year to Rs. 30.98 crores, with EBITDA margin expanding 540 basis points to 15.3%. The profit after tax grew 47% year-on-year to Rs. 13.33 crores and PAT margin improved 291 basis points to 6.6%. Operationally, maize crushing rose to 69,689 metric tons from 64,770 metric tons in Q1 FY’26. The capacity utilization of 71.4% for the quarter should be viewed in the context of commissioning and integration of the doubled capacity. Integrating the expanded plant, required planned shutdown days during the quarter which temporarily lowered utilization. With major commissioning and integration now complete, we expect utilization to improve progressively from Q2 FY’27 as incremental volumes contribute more meaningfully to revenue. Page 3 of 14 Regaal Resources Limited August 17, 2026 Our working capital position reflects the scale and timing of our expansion. The cash conversion cycle stood at 130 days, driven largely by higher inventory levels built to support the expanded 1650 metric ton per day capacity. As the incremental capacity was commissioned only towards the later part of the quarter, the corresponding revenue contribution had not yet fully flowed through, leaving inventor [Showing first 8,000 characters — download PDF for full document]