Analysts/Institutional Investor Meet/Con. Call Updates

Dated: August 21, 2026 The Secretary, Listing Department The Secretary, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Kurla Dalal Street, Mumbai – 400 001 Complex, Bandra Kurla (E), Mumbai – 400 051 Scrip Code: 544405 Symbol: BELRISE ISIN: INE894V01022 ISIN: INE894V01022 Sub: Transcript of Earnings Call pertaining to the Unaudited Financial Results of the Company for the quarter ended June 30, 2026. Ref: Regulation 30 & 46 read with Clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, This is continuation to our intimation dated August 12, 2026 and August 17, 2026 regarding audio recording of earnings call to discuss the unaudited financial results of the Company for the quarter ended on June 30,2026 and pursuant to the abovementioned regulation, please find enclosed herewith the transcript of the said earnings call. The said transcript is also available on the Company’s website under the tab ‘Investor Relations’ at https://belriseindustries.com. You are requested to take the above on record. Thanking you, Yours faithfully, For Belrise Industries Limited Siddhesh Mandke Company Secretary and Compliance Officer Membership No. A20101 Encl: As above “Belrise Industries Limited Q1 FY27 Earnings Conference Call” August 17, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 17th August 2026 will prevail MANAGEMENT: • Mr. Shrikant Badve – Managing Director – Belrise Industries Limited • Mr. Swastid Badve – General Manager – Belrise Industries Limited • Mr. Sumedh Badve – President (Strategy) – Belrise Industries Limited • Mr. Rahul Ganu – Chief Financial Officer – Belrise Industries Limited • Mr. Sunil Kulkarni – Chief Marketing Officer – Belrise Industries Limited Page 1 of 15 Belrise Industries Limited August 17, 2026 Moderator: Ladies and gentlemen, good day and welcome to Q1 FY27 earning conference call of Belrise Industries 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 the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch tone phone. Before we begin, a brief disclaimer. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectation of the company as on date of this call. These statements are not the guarantee of future performance and involve risk and uncertainties that are difficult to predict. I now hand the conference over to Mr. Shrikant Badve, Managing Director of Belrise Industries Limited. Thank you and over to you, sir. Shrikant Badve: Good morning, everyone and thank you for joining us today to discuss Belrise Industries financial results for the first quarter of FY2027. On the call today, I have with my sons, Sumedh and Swastid, along with our CFO, Mr. Rahul Ganu, our CMO, Mr. Sunil Kulkarni, and SGA, our investor relations advisors. We entered FY27 carrying forward the momentum we built through last year and I am pleased to say Q1 has been an eventful quarter for us. We strengthened our balance sheet through a capital raise, added a high-quality business to our commercial vehicle portfolio, made further progress on our energy and aerospace and defense platform, and continued to win marquee new business across our core segments. On the demand side, our two and three-wheeler business, which remains the largest contributor to revenue, continued to benefit from the industry-wide volume recovery and from new platform launches at our marquee customers. Our growing engagement with two marquee OEMs where we previously had limited presence continues to build a robust order book for us. The four-wheeler and commercial vehicle business were the fastest growing segments of our portfolio in FY26 and this momentum has continued into Q1 FY27, with revenues growing 18% year-on-year driven by new business wins across an expanding customer base. Coming to the results, against the backdrop of continued geopolitical uncertainty, we delivered a resilient quarter with PAT reaching INR1,217 million. Total revenue from operations for Q1 FY27 stood at INR25,465 million, up 13% year-on-year, including manufacturing revenue of INR21,979 million, which grew 20% year-on-year. Our EBITDA stood at INR2,933 million with margins at 11.5%. Let me also touch briefly on the cost environment we are operating in. Input costs, particularly steel and polymer, remained elevated through Q1 FY27. As we have shared before, our back-to- back pricing model means these fluctuations are largely passed to our customers with a slight lag, and we do not expect this to have a material impact on our margin profile in this fiscal year. I can say with a great amount of confidence that the worst is behind us in terms of cost pressures. Page 2 of 15 Belrise Industries Limited August 17, 2026 Coming to our growing footprint in the aerospace and defense segment, this is a strategic pillar for us and we have made significant progress in building our capabilities there. Last year, we acquired SDM and Chester Hall, further deepening our capabilities in this domain. Together with these acquisitions, we have significantly strengthened our capabilities in aerospace manufacturing. We are also in advanced discussion to localize a portion of the high-volume aero engine component manufacturing in India and expect to share further details on the initiative in the coming times. With this, I hand over the call to Swastid to discuss the key order wins across key customers during this quarter. Thank you everyone. Swastid Badve: Thank you. This was a strong quarter for new businesses, with wins spanning our core two- wheeler and three-wheeler portfolio, our proprietary product portfolio, as well as new adjacencies such as renewable energy and aerospace and defense. What is particularly encouraging is the increasing breadth of these wins, both in terms of customers and the scope of orders we are being selected to provide. So, coming to the order wins: 1. Number one, we secured an additional order from one of the fastest growing two and three- wheeler OEMs for the chassis system for one of their highest-selling models this quarter. The program is expected to generate annual revenue in excess of INR650 million and will be added to our existing brownfield facility in Bangalore, with start of production expected in Q4 of this fiscal year. This win is over and above the exhaust system and fuel tank order wins we had secured from this OEM last quarter. And we are pleased to see our engagement and wallet share with this customer continue to build momentum. 2. Secondly, we are also embarking on a manufacturing expansion focused on assemblies for the renewable energy sector. We are working with one of the largest solar tracker manufacturers in the United States for a new setup which will manufacture sheet metal assemblies which will approximately support two and a half gigawatts of annual supplies. We expect production to commence in Quarter 4 of this fiscal year, with a gradual ramp-up thereafter. At peak volumes, the facility is expected to generate annual revenue in excess of INR1,500 million. We see this as an important step in diversifying Belrise beyond its core automotive segments and expanding our presence in the renewable energy sector. 3. Thirdly, this quarter we continue to build our momentum in our proprietary product portfolio by further expanding our customer base in the suspension segment. As discussed last quarter, we are currently supplying suspension systems to four marquee two-wheeler and three-wheeler OEMs. We have now secured an order from a fifth OEM, a leading Vietnamese two-w [Showing first 8,000 characters — download PDF for full document]