Analysts/Institutional Investor Meet/Con. Call Updates

—Let's— G R@W together THE INDOGULF croup August 21, 2026 To, To, Listing Operation Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited 20" Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai - 400001 Bandra (East), Mumbai— 400051 Scrip Code: 544432 NSE Symbol: IGCL Subject: Submission of the Transcript of Q1 FY 26-27 Earnings Conference Call held on August 18, 2026 Dear Sir/ Ma’am, Pursuant to Regulation 30 and 46(2)(0a) read with Schedule III Part A of Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR’”), we are enclosing herewith the transcript of Ql FY 26-27 Earnings Conference Call that was organized with the Analysts/Investors on Tuesday, August 18, 2026 at 11.00 A.M. (IST) to discussed on un-audited standalone and consolidated financial results of the Company for the quarter ended June 30, 2026. The aforementioned transcript of the ‘Q1 FY 26-27’ Earnings Conference Call will also be uploaded on the Company’s website 1.e. www.groupindogulf.com We request you to take the above on record and treat the same as Compliance under the applicable provisions of the SEBI Listing Regulations. Thanking You, Yours faithfully, For Indogulf Cropsciences Limited Sakshi Jain (Company Secretary and Compliance Officer) M. No: A67325 Address: 501, Gopal Heights, Netaji Subhash Place, Delhi — 110034 (India) Encl. as above INDOGULFCROPSCIENCES LTD. (EXD H.O. : 501, Gopal Heights, Tel.: +91-11-40040400 (99 Line) ISO/IEC 17025 Netaji Subhash Place Fax: +91-11-40040444 NATIONAL Vx Delhi - 110034 (INDIA) E-mail : info@groupindogulf.com NORD NABL CIN: L74899DL1993PLC051854 www. groupindogulf.com INDOGULF CROPSCIENCES LTD. “Indogulf Cropsciences Ltd. Q1 FY’27 Earnings Conference Call” August 18, 2026 INDOGULF oo >... CROPSCIENCES LTD. MANAGEMENT: MR. SANJAY AGGARWAL — MANAGING DIRECTOR MR. MANOJ GUPTA — CHIEF FINANCIAL OFFICER Page 1 of 15 INDOGULF CROPSCIENCES LTD. Indogulf Cropsciences Ltd. August 18, 2026 Moderator: Ladies and gentlemen, good day and welcome to Indogulf Cropsciences Ltd Q1 FY27 Earnings Conference Call. Also, please note that this conference call may contain forward-looking statements about the Company which are based on the beliefs, opinions and expectations of the Company as on date of this call. These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict. 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 this conference call, please signal an operator by pressing “*” then “0” on your touch- tone phone. Please note that this conference 1s being recorded. And now I hand the conference over to Mr. Sanjay Aggarwal — Managing Director, Indogulf Cropsciences Ltd. Thank you and over to you, sir. Sanjay Aggarwal: Good morning everyone and a very warm welcome to Indogulf Cropsciences Ltd QI FY27 Eamings Conference Call. Thank you for joining us today. Iam Sanjay Aggarwal — Managing Director and I joined by our CFO — Mr. Manoj Gupta along with our Investor Relations Team from Adfactors. It’s a pleasure to connect with you once again and share our performances for the Quarter Ended June 30, 2026. Let me begin by putting the quarter’s performance into the context: The 1*t Quarter of FY27 was challenging for the domestic agrochemical industry primarily due to the delayed and uneven southwest monsoons. The impact of the monsoon was felt through the entire agricultural cycle, beginning with delayed Kharif sowing and extending to the timings of crop protection applications and dealer inventory decisions. For Indogulf, this resulted in a portion of the demand that would ordinarily have been realized during the 1% Quarter being delivered into the subsequent period. On a consolidation basis, our revenue from operations stood at Rs. 168.5 crores in Ql] FY27 compared with Rs. 189.4 crores in Q1 FY26, representing an 11% year-over-year decline. At the same time, revenue was higher subsequently by approximately 12% compared with Quarter 4FY26. While the top line was impacted, there are several aspects of the quarter that give us confidence in the underlying business. Our gross margins improved meaningfully to 28% from 22% in QI FY26, while EBITDA margins improved to 5.7% from 5.2%. This demonstrates that our portfolio, procurement discipline and operating model continue to provide resilience even in a difficult demand environment. Page 2 of 15 INDOGULF CROPSCIENCES LTD. Indogulf Cropsciences Ltd. August 18, 2026 From an operational perspective, capacity utilization increased to 70% during the quarter compared with 52% in FY26. This improvement reflects better utilization of our manufacturing infrastructures and provides a strong foundation as we progress through the Kharif season. In terms of operating environment, one of the most important factors affecting demand during the quarter was the timing of the monsoon. The delayed rainfall resulted in delayed sowing across several important agriculture markets. In certain regions, farmers had to reassess their crop plans or undertake resowing. Since crop protection applications are closely linked to the crop cycles, this pushed back the timings of pesticide applications. The effect was particularly visible in early-season crop protection demands, including herbicides, where the application window closely linked to sowing. In addition, rainfall remained uneven across several parts of the Country, including parts of South India. This created uncertainty around crop conditions and resulted in more cautious share purchasing behavior amongst farmers. Crop mix was another factor. Farmers continued to make decisions based on rainfall, water availability, and expected crop economics resulting in changes 1n acreage of the crop, such as cotton, soybean, and pulses. This naturally affected demand for individual products depending on their crop exposure. Lower realization for certain agricultural commodities also affected farmer purchasing behavior. With farm economics under pressure in some markets, farmers remained more conservative in their spending on crop protection inputs. The uncertainty also extended into the trade channel. Dealers and distributors remained cautious about building inventory until there was greater visibility on sowing and crop conditions. At the same time, working capital available with the trade was partially absorbed by fertilizer stockings, leaving relatively less liquidity for crop protection products. This created a cascading effect across the value chain. Delayed monsoons led to delayed sowings, which delayed crop protection applications, resulting in cautious dealer stocking and lower near-term liquidation. Importantly, we view a meaningful part of this weakness as time-related, which is characteristic with the seasonality of our sector, rather than a structural change in the business. Speaking of price environment, The quarter saw some headwinds from a pricing perspective also. The industry had attempted price increases during the preceding months in response to input cost pressure and global supply uncertainties. Page 3 of 15 INDOGULF CROPSCIENCES LTD. Indogulf Cropsciences Ltd. August 18, 2026 However, the weak demand environment limited the industry’s availability to sustain these increases. Prices of several molecules remained under pressure as global supply remained elevated, particularly with continued availability of intermediates and technical products from China. This meant that pricing could not fully compensate for the impact of lower volumes. Therefore, the combination of lower volumes, softer realization and delayed demands affected the top line during the quarter. In terms of portfolio and market position, Despite the nea [Showing first 8,000 characters — download PDF for full document]