Analysts/Institutional Investor Meet/Con. Call Updates

Date: 24/08/2026 To, To, BSE Limited, National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Mumbai 400001 Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai-400 051 Scrip Code: 544521 Security Symbol: VMSTMT ISIN: INE0SJA01013 Sub.: Transcript of the Q1 FY27 Earnings Conference Call Dear Sir(s)/Madam(s), Pursuant to Regulation 30 read Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") (as amended from time to time), we wish to inform you that the transcript of the Conference Call with the Investors, organized and held on Thursday, August 20, 2026 at 04.00 P.M. in connection with the unaudited financial results of the Company for the quarter ended on June 30, 2026, is hereby enclosed. The transcript of Conference Call is also available on the website of the Company i.e. www.vmstmt.com. We request you to kindly take the aforesaid information on record and disseminate the same on your respective websites. Thanking You. Yours faithfully, For VMS TMT LIMITED Varun Manojkumar Jain Managing Director DIN: 03502561 Encl: Transcript of Conference Call held on 20th August, 2026 “VMS TMT Limited Q1 FY27 Results Conference Call” August 20, 2026 MANAGEMENT: MR. VARUN JAIN – CHAIRMAN AND MANAGER DIRECTOR – VMS TMT LIMITED MR. MANOJKUMAR JAIN – PROMOTER – VMS TMT LIMITED MR. RISHABH SINGHI – WHOLE-TIME DIRECTOR – VMS TMT LIMITED MODERATOR: MR. GAUTAM – EQUIBRIDGEX ADVISORS PRIVATE LIMITED Page 1 of 10 VMS TMT Limited August 20, 2026 Moderator: Ladies and gentlemen, good day and welcome to Q1 FY27 Results Conference Call of VMS TMT Limited, hosted by EquiBridgeX Advisors Private 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. Please note that this conference is being recorded. I now hand the conference over to Mr. Gautam from EquiBridgeX Advisors Private Limited. Thank you, and over to you, Gautam. Gautam: Thank you, and a very good evening to everyone. Welcome to the Q1 FY27 earnings con call of VMS TMT Limited. From the management team, we have with us Mr. Manojkumar Jain, Promoter, Mr. Varun Jain, Chairman and Managing Director, and Mr. Rishab Singhi, Whole- Time Director. The call will begin with the opening remarks from the management, after which we will open the floor for the Q&A. With that, I would like to hand over the call to management for opening remarks. Thank you, and over to you, sir. Management: Good afternoon, everyone, and thank you for joining VMS TMT Limited Quarter 1 Financial 27 earnings call. A warm welcome to all our investors, analysts, and stakeholders. We sincerely appreciate your continued interest in the company and thank you for taking the time to join us today. We have started Financial Year 27 on a positive note. During the quarter, we continued to strengthen the foundation of the business, particularly across manufacturing integration, operational efficiency, and our presence across the Gujarat market. For us, the focus is not just on increasing volumes, but also on improving efficiency across the manufacturing value chain, having better control over raw material, and building a strong distribution network. A key development for us has been the commissioning of our billet manufacturing facility. With in-house billet production, we have further strengthened our backward integration, giving us better control over raw material sourcing, procurement, and cost. It also gives us greater control over the billet to TMT manufacturing process. Today, we have an integrated manufacturing setup with an annual capacity of 2 lakh metric tons for TMT bars and 2,16,000 tons for billets, which provides us with a strong platform for future growth. Our distribution network continues to be an important strength. We market our products under the Kamdhenu brand across Gujarat through 3 distributors and 227 dealers. This gives us a strong presence across different markets and keeps us close to our retail and end customers. Going forward, we will continue to focus on deepening this network and improving our market reach. We have also continued to build a diversified product portfolio comprising of TMT bars, billets, binding wire, and scrap with a consistent focus on product quality and BIS compliance. Another important initiative is our 15-megawatt captive solar power plant which is currently under development. We see this as an important step towards improving our long-term energy economics, reducing cost, and strengthening our sustainability efforts. Page 2 of 10 VMS TMT Limited August 20, 2026 We would also like to highlight the proposed amalgamation of Aditya Ultra Steel Limited with VMS TMT Limited. The proposal has been approved and is subject to the necessary regulatory approvals. We believe this can further strengthen our manufacturing capabilities and market presence. Coming to the quarter, total income for Quarter 1 Financial Year 27 stood at 247.88 crores compared with 213.39 crores in Quarter 1 of Financial Year 26, representing a 16.16% year-on- year growth. While the financial performance is important, we remain equally focused on improving the overall efficiency and quality of the business. The investments we are making in manufacturing integration, capacity utilization, distribution, energy, and operational efficiencies are all aimed at building a stronger business over the long term. We believe the demand environment remains supportive, particularly with continued activity in infrastructure, construction, and real estate. At the same time, our approach remains disciplined, improving utilization of our existing capacities, controlling cost, strengthening our market presence, and maintaining consistent product quality. As we move ahead, our priorities are clear: make better use of our manufacturing capacities, further strengthen our dealer network, improve the operational efficiencies, and continue building a more integrated and cost-efficient manufacturing platform. We remain focused on building the business for the long term and creating sustainable value for our stakeholders. With that, I would like to thank our employees, customers, partners, suppliers, and shareholders for their continued trust and support. I thank you all. Now I would like to open the floor for questions. Moderator: Thank you very much, sir. We will now begin with the question-and-answer session. You may please press star and one to ask questions. The first question is from the line of Purvesh Mehta from PM Consultancy. Please go ahead. Purvesh Mehta: Thanks for the opportunity. I have a couple of questions to ask. Like, I see this billet capacity is now operational, right? So in FY26, the production was 1.5 lakh metric ton against the annual capacity of 2.16. So what was the utilization in Q1? And like how much cost saving or margin benefits is visible from this backward integration? Management: Yeah, see Q1 is the production for the TMT is 34,400 metric tons and the productivity was -- the second question was? Purvesh Mehta: How much in this Q1 you have cost savings, any cost savings or margin benefits in Q1? Management: Any margin money? Purvesh Mehta: Sir you have any cost savings or margin benefits in Q1? Management: Yeah, that cost benefit is because we have to paid off a lot of the debts last year. So basically there is no debt, fixed debt on the company. That is the financial cost has been reduced in compared to the previous quarters. And the further this power is going to be started already Page 3 of 10 VMS TMT Limited August 20, 2026 started from 7th August. So with the production that has started, based on that, the power generation will also result in power savings, which will further [Showing first 8,000 characters — download PDF for full document]