Analysts/Institutional Investor Meet/Con. Call Updates

~DHANI MDN/CS/COMPLIANCE/2026-27 August 22, 2026 BSE Limited, National Stock Exchange of India Limited, P.J. Towers Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai- 400001 Bandra (East), Scrip Code 541195 Mumbai 400051 Trading Symbol: MIDHANI Sub: Transcript of the Analysts and Investors Meet/Conference Call held on August 17, 2026 Dear Sir/Madam, 1. Further to our letter dated August 17, 2026 intimating you about the audio recording of Analysts and Investors Meet! Conference Call on Qi FY27 Results, held on August 17, 2026, please find below the transcript ofthe aforesaid Conference Call. 2. The transcript ofthe call is also made available on the Company’s website. This is for your information and record. Thanking you, Yours faithfully, For Mishra Dhatu Nigam Limited Paul Antony Company Secretary & Compliance officer company.secretary@midhani-india.in End: As above 99 ~1fl~ ~1~S MISHRADHATU NIGAM LIMITED (~wT ~ ~r z~~) (A Govt. of India Enterprise) ~j~j~c~cj cj~~q~g: 4L~3ft. 4~t1-I~wI, ~ ~llIHI -500058 Registered Office: P.O. Kanchanbagh, Hyderabad, Telangana-500058 tI~tT Telephone: 040-24184000, ‘~R~ Fax: 040-24340039 t~m ~t. CIN: L14292TG1973GOI001660 i~i~ Website: www.midhani-india.in “Mishra Dhatu Nigam Limited Q1 FY '27 Earnings Conference Call” August 17, 2026 MANAGEMENT: DR. S.V.S. NARAYANA MURTY – CHAIRMAN AND MANAGING DIRECTOR, MISHRA DHATU NIGAM LIMITED MRS. MADHUBALA KALLURI – DIRECTOR (FINANCE) AND CHIEF FINANCIAL OFFICER, MISHRA DHATU NIGAM LIMITED MR. PADAVITTAN BABU – DIRECTOR (PRODUCTION & MARKETING), MISHRA DHATU NIGAM LIMITED MODERATOR: MR. VIKAS SINGH – ICICI SECURITIES LIMITED Page 1 of 20 Mishra Dhatu Nigam Limited August 17, 2026 Moderator: Ladies and gentlemen, good day and welcome to the MIDHANI Limited Q1 FY '27 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 after the presentation concludes. Should you need assistance during the 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 Mr. Vikas Singh from ICICI Securities. Thank you and over to you, sir. Vikas Singh: Thank you, Steve. Good morning, everyone. A very warm welcome to everyone on Q1 FY '27 MIDHANI Mishra Dhatu Nigam Limited conference call. We would like to thank the management to give us the opportunity to host them. From the management side, we have with us Dr. S.V.S. Narayana Murty – Chairman and Managing Director, Mrs. Madhubala Kalluri – Director (Finance) and Mr. Padavittan Babu – Director (Production and Marketing). Without taking any much time, I hand it over to Murthy sir for his opening remarks. Over to you, sir. S.V.S. Narayana Murty: Thank you very much and good morning, everyone, to all our respected investors, colleagues. I am joined here by Director (Finance), Director (Production and Marketing), GM (Finance) and Company Secretary. We are pleased to welcome to this Investor Conference Call. The detailed financial results for Q1 of FY '26-'27 have already been disclosed and are available with all of you. So, I will not be going in detail line by line. However, I would like to take a few minutes to highlight some of the key operational and strategic milestones achieved during the first quarter, which we believe marked an important step forward for MIDHANI. To begin with, Q1 of FY '26-'27 has been particularly significant. We have achieved a turnover of Rs. 239.49 crore during the quarter, registering a growth of 40.46% over the same quarter last year. More importantly, the value of production during the quarter stood at Rs. 260.36 crore with a growth of 7.9% against the corresponding quarter of previous year. We are also encouraged by the profitability numbers of Q1. PBT rose by 25.89% to Rs. 23.92 crore, while profit after tax increased by 27.42% to Rs. 16.31 crore over the corresponding quarter of the previous year. Page 2 of 20 Mishra Dhatu Nigam Limited August 17, 2026 The EBITDA for the quarter stood at Rs. 46.6 crore, showing a healthy growth of 12.89% and our [profit after tax 00:02:40] for the year rose by 27.42% to Rs. 16.31 crore. Our order book position as on 1st July 2026 stood at Rs. 2,329 crore, providing good visibility for the coming quarter. I just want to share some of the interesting things that we have done in this particular quarter. Most importantly, we are very happy to share that on 13th August, MIDHANI has received S400 certification from General Electric USA for testing of mechanical, chemical and metallography of test specimens. With this, MIDHANI can do testing for all our customers, including ours own, whatever material we are supplying. This marks a very major significant step for MIDHANI. And we have also qualified our non- destructive testing personnel for NAS410. This particular certification is essential for obtaining Nadcap certificate in non-destructive testing. So, by the end of this financial year, we are planning to have this certificate and we are in the process of obtaining the same. We are also looking for two more important certificates. One is called ISO 27001 for Information Security Management and another is ISO 50001 Energy Management System. So, we would like to have these two certificates in this financial year. We have also conducted one seminar on artificial intelligence because we know that artificial intelligence is going in a big way and how AI can be used in metallurgical processing industries, particularly for a specialized super alloy and titanium alloy plant like MIDHANI. So, we have conducted a seminar on this AI in metallurgical industry on 17th of July, and we have got very good response, and we have exchanged a lot of information from a lot of professors from IITs and we are in the process of implementing some of those interesting things. Another interesting thing that I would like to share is isothermal forging for fighter aircraft program. So, one of the nickel-based super alloy that is there in fighter aircraft engine, we have successfully isothermally forged in 6,000 ton press that MIDHANI has and we have initiated, we have got orders for four grades of super alloys and three grades of titanium alloys, which we will be taking up in this financial year. I would also like to tell that MIDHANI has successfully rolled 7000 series aluminum alloy for one of the PSUs and this is the first commercial order that we have booked for rolling of aluminum. Normally, aluminum we do not process in within MIDHANI, but we have a wide plate mill where the ingot that has been supplied by our customer, we have rolled it to a significant length and width, and this we have supplied successfully. It is meeting all the requirements. And another point that I would like to highlight is one of the technologies that we have taken from DRDO, IIT Delhi that is called a bullet proof jacket, its name is ABHED. The technology Page 3 of 20 Mishra Dhatu Nigam Limited August 17, 2026 was taken and we already fabricated jackets and jackets are under testing and hope we will be ready with all the test certificates by next quarter. So, this is another thing, and the spring plant that we have in our campus, we have started working. And we have received sample order from BEML and we hope to book many more orders in this financial year. And one of the preliminary licenses that we were looking from BAFA, that is German Export License Clearing Agency for metal powder, preliminary license has been obtained and we hope that this particular equipment will be in our campus maybe by next year. So, these are some of the interesting things I thought I will share with all of you. And in closing, I want to sincerely thank all our investors and stakeholders for the continued trust and support. And with that I think I now open the floor for your questions, and we will be happy to take questions alon [Showing first 8,000 characters — download PDF for full document]