Analysts/Institutional Investor Meet/Con. Call Updates

HIGHWAY INFRASTRUCTURE LIMITED CIN: L42909MP2006PLC018398 REG. OFFICE ADDRESS: 57-FA, SCHEME NO. 94, PIPLIYAHANA JUNCTION, RING ROAD, INDORE, (M.P.) – 452016, INDIA Tel: +91-731-2590013, 4047177 E-Mail: hiplindore@gmail.com, Visit us at: www.highwayinfrastructure.in 21st August, 2026 To, To, The Secretary, The Secretary, Corporate Relationship Department, Listing Department, BSE Limited National Stock Exchange of India Ltd. P. J. Towers, Dalal Street Exchange Plaza, BKC, Bandra (E) Mumbai- MH 400001. Mumbai - MH 400051. Scrip Symbol: HILINFRA | Scrip Code: 544477 | ISIN: INE00RL01028 Subject: Submission of Transcript of Earnings Conference call for the quarter ended 30th June, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of the Earnings Conference call held on Tuesday, 18th August 2026, wherein the management of the Company discussed the Unaudited Financial Results for the quarter ended 30th June, 2026. You are requested to take the same on record. Thanking You, For Highway Infrastructure Limited Palak Rathore Company Secretary & Compliance Officer Membership No.: A-73755 Encl: As above. “Highway Infrastructure Limited Q1 FY27 Earnings Conference Call” August 18, 2026 MANAGEMENT: MR. ARUN KUMAR JAIN – MANAGING DIRECTOR MR. ANOOP AGRAWAL – WHOLE-TIME DIRECTOR AND CHIEF FINANCIAL OFFICER MR. RIDDHARTH JAIN – DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. SAURABH MITTAL – JOINT CHIEF FINANCIAL OFFICER MODERATOR: MR. ABHISHEK BHATT – EY Page 1 of 14 Highway Infrastructure Limited August 18, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Highway Infrastructure Limited Q1FY27 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 after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing start then zero on your touchtone phone. I now hand the conference over to Mr. Abhishek Bhatt from EY. Thank you and over to you, sir. Abhishek Bhatt: Thank you. Good morning, everyone. On behalf of Highway Infrastructure Limited, I welcome all of you to Q1 FY27 earnings conference call. The results and investor presentation have already been shared and are also available on our website and through our filings on the stock exchanges. Joining us today to discuss the company's performance and outlook, we have with us Mr. Arun Kumar Jain, Managing Director; Mr. Anoop Agrawal, Whole-time Director and Chief Financial Officer; Mr. Riddharth Jain, Director and Chief Executive Officer; and Mr. Saurabh Mittal, Joint Chief Financial Officer. Before we proceed, a disclaimer. Please note that anything said on this call during the course of the interaction and the collateral which reflects the outlook towards the future or which should be construed as a certain forward-looking statement must be viewed in conjunction with the risks the company faces and may not be updated from time to time. More details are provided at the end of investor presentation and other filings available on our website at www.highwayinfrastructure.in Should you have any queries or require further information following this call, please feel free to reach out to us via the contact details provided in the investor materials. With that, I now hand over the call to Mr. Riddharth Jain. Over to you, sir. Riddharth Jain: Good morning, everyone, and thank you for joining us today. We are pleased to begin FY27 on a strong operational footing as Highway Infrastructure continues to strengthen its position as a diversified infrastructure platform. Over the last few years, we have successfully evolved from a regional EPC contractor into a multi-vertical infrastructure company with operations across tollway collection, EPC, and real estate, creating a balanced business model that allows us to participate in multiple segments of India's infrastructure growth story. During Q1 FY27, our revenue growth was supported by steady execution across our business verticals. Our diversified model continues to be a key strength, enabling us to pursue opportunities across different infrastructure segments, while maintaining a disciplined approach to growth and capital allocation. Our consolidated order book stood at approximately INR 778 crores as of June 30, 2026, providing a healthy visibility of future execution. The order book is well-diversified across Page 2 of 14 Highway Infrastructure Limited August 18, 2026 businesses and supported by a strong mix of government and private sector projects. At the same time, we continue to pursue a healthy bidding pipeline that provides confidence in our growth outlook. Within the EPC business, we continue to focus on commercially viable opportunities across roads, bridges, urban infrastructure, industrial developments, and commercial buildings. Our approach remains centered on execution quality and profitability rather than simply maximizing our order book size. We continue to see encouraging opportunities supported by a healthy L1 pipeline. A notable milestone during this quarter was the commencement of execution of Beverly Hills project, which further strengthens our private sector EPC portfolio and medium-term revenue visibility. Talking about our tollway collection business, the segment benefits from an asset- light model, strong operational expertise, and the ability to participate in large-scale tolling opportunities across the country. During the quarter, profitability was impacted by a combination of temporary factors, including lower traffic volumes at the Moti Naroli toll project due to geopolitical developments and global trade disruptions. A temporary bidding restriction from NHAI and the voluntary surrender of a toll project where economics had been unfavorable due to the same reason. These factors led to a short-term impact on profitability but do not alter the long-term fundamentals of the business. At the same time, this gave the team time to recalibrate and review our internal systems. Importantly, we have already started witnessing signs of improvement in the traffic trends. During July 2026, our tolling business continued to strengthen during the quarter through strategic project wins and geographic expansion. We secured a new tollway collection contract valued at approximately INR 28.7 crores for the Kozhinjipatti toll plaza on the Dindigul- Samayanallur stretch of the NH-44 in Tamil Nadu. We also received the letter of acceptance for toll operations at the fee plaza located at kilometer 154.5 on the Krishnagiri-Thumbipadi section of NH-44 with a contract value of approximately INR 80 crores. NH-44 is one of India's most important economic corridors, connecting key industrial, manufacturing, and logistics hubs while facilitating substantial commercial and freight movement across the country. These wins not only strengthen our order book and revenue visibility but also significantly expand our footprint in South India, like we intended to. Looking ahead, we remain confident in our growth outlook, backed by a diversified business model, expanding geographic footprint, strong execution capability, and a healthy project pipeline. Highway Infrastructure is well- positioned to capitalize on India's long-term infrastructure opportunity. While Q1 FY27 was impacted by certain temporary and project-specific challenges, our underlying business fundamentals remain strong, and with improving traffic trends, new order wins, and continued focus on disciplined execution, we remain committed to creating sustainable long-term value for all stakeholders. Page 3 of 14 Highway Infrastructure Limited August 18, 2026 Commenting on the financials, on a consolidated basis, total income for Q1 FY27 stood at INR 304.3 crores, representing a growth of 170.6% year-on-year. EBITDA for the quarter was INR 4.8 crores and PAT st [Showing first 8,000 characters — download PDF for full document]