Analysts/Institutional Investor Meet/Con. Call Updates

Date: August 25, 2026 Listing Department, National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai-400051 SYMBOL: TEMBO/INE869Y01028 Subject – Regulation 30 - Transcript for the Earnings Call held on August 19, 2026 Dear Sir / Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is hereby submitting the text transcript of the Earnings Call held on August 19, 2026. Kindly take the same on your record. Thanking you, For Tembo Global Industries Limited Sanjay Jashbhai Patel Managing Director DIN: 01958033 Tembo Global Industries Limited Q1 FY’27 Earnings Conference Call August 19, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q1 FY27 Earnings Conference Call of Tembo Global 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 “*” and then “0” on your touchtone phone. Please note that this conference is being recorded. I now would like to hand the conference over to Mr. Hiral Keniya from EY LLP. Thank you and over to you, Sir. Hiral Keniya: Thank you, Sagar. Good evening, everyone. On behalf of Tembo Global Industries, I welcome you all to the company's Q1 FY27 Earnings Conference Call. To discuss the performance of the company, we have with us the Management Team represented by Mr. Sanjay Patel – Managing Director, Mr. Shabbir Merchant – Director, and the finance team. Before we proceed with this call, I would like to draw your attention to the fact that today's discussion will contain forward-looking statements that are subject to various risks, uncertainties, and other factors which would be beyond management control. We kindly request to bear in mind that there may be uncertainties while interpreting such statements. We now start the session with an opening remark from the Management Team. Afterwards, we will open the floor for our interactive Q&A. I will now hand over the conference call to Mr. Shabbir Merchant for his opening remarks. Thank you and over to you, Sir. Shabbir Merchant: Thank you, Hiral. Tembo Global Industries Q1 FY27 Earnings Call. Good evening, everyone, and a very warm welcome to all of you joining us today for Tembo Global Industries Q1 FY27 Earnings Call. On behalf of Tembo Global Industries, firstly, I thank the Almighty, all our shareholders, investors, analysts, customers, partners, and employees for their continued trust and support. FY27 has begun on a strong note with Tembo Global Industries reporting robust growth in both Page 1 of 14 revenue and profitability during Q1 FY27. This performance was primarily driven by the sustained momentum in the high-margin engineering and EPC segment. It has recorded an impressive growth of 172.7% year-on-year. Revenue for the quarter rose by 21.9% year-on- year to INR 302 crores, while the PAT grew by 55.3% year-on-year to INR 31 crores. This has been supported by strong project execution, operational efficiencies, and disciplined cost management. Encouraged by the strong start to the year and a healthy order pipeline, we remain confident on sustaining this growth trajectory and achieving our FY27 revenue guidance of INR 1,600 crores. The ongoing quarter reflects the successful execution of our strategy to transform Tembo into a diversified engineering-led industrial platform with a growth presence across engineering solutions and EPC, solar power, defense, and aerospace. Our focus remains on building scalable businesses, expanding addressable markets, improving profitability, and creating long-term value for stakeholders. I would now highlight a glimpse of our key business verticals: To start off with Engineering and EPC business: Our Engineering and EPC business continued to be the primary growth driver during the quarter. In line with our strategic focus on value-accretive businesses, the contribution of Engineering and EPC to the overall revenue mix increased significantly to a ratio of 99:1 against Textiles in the Q1 FY27, compared to the ratio of 44:56 in Q1 FY26. This has been supported by INR 1,500 crores plus of order book of INR 2,400 crores plus of orders which are bidding in pipeline. We remain well positioned to drive growth across domestic and international markets. The demand remains robust across oil and gas, water infrastructure, marine projects, refineries, industrial, construction, fuel farms, and other infrastructure segments. Over the last few years, we have consciously strengthened our EPC capabilities, expanded our project execution team, and increased our focus on larger and more complex projects. Today, as we stand, we are seeing the benefits of those investments to a healthy order pipeline and improve project profitability. With this increased scale, improved operational efficiency, and greater product diversification, we believe our new Vasai facility will play an important role in driving our next phase of growth. The next vertical would-be solar business. Our renewable energy portfolio continues to advance steadily in line with planned milestones reflecting the company's commitment to building a diversified and sustainable growth platform, four solar project sites have already been commissioned and are operational, while the remaining sites are on track for commissioning in Q2 FY27. With commercial operations Page 2 of 14 expected to commence in Q3 FY27, these projects are poised to become an important contributor to the company's revenue stream. Beyond strengthening revenue diversification, the renewable energy business is expected to generate stable and recurring cash flows. It would enhance our earning visibility and reduce dependence on cyclical business segments. This strategic initiative aligns with our long-term vision of creating a balanced and resilient business portfolio, while supporting sustainable value creation for our stakeholders. The next vertical would-be defense and aerospace business. The most exciting development during the ongoing quarter came from our defense and aerospace initiatives, which represent significant long-term growth opportunities for the company. A landmark achievement was the receipt of the ammunition manufacturing license to our subsidiary Tembo Classic Engineering Pvt. Ltd. in Q1 of FY27. This marks a major step in establishing Tembo as a meaningful participant in India's defense manufacturing ecosystem. The acquisition of land in Amravati and the planned development of the defense manufacturing facility provides us with a strong foundation to build a fully integrated defense platform. As India continues its emphasis on indigenous, self-reliance, and domestic manufacturing under the Make in India and Atmanirbhar Bharat initiatives, we at Tembo believe is well-positioned to capitalize on these opportunities. In the aerospace, we announced a strategic international joint venture agreement with JR UAV Europe Italy and JR PROPO Japan to our company JR UAV Limited, aiming at bringing advanced UAV technologies to India. This collaboration combines global technological expertise with Tembo's engineering and manufacturing capabilities to develop and manufacture next-generation UAV systems. We also expect to commence UAV component manufacturing from our Vasai facility in Q3 FY27. With a first calendar year revenue target of around INR 100 crores, the joint venture reflects the significant market potential of the business and growing trust among global customers in the platform, technological, engineering, and manufacturing sector. As we look ahead, we remain highly optimistic about the opportunities across all our key business verticals. A strong order book, growing bidding pipeline, expanding manufacturing capabilities, upcoming solar revenues, and strategic entry into d [Showing first 8,000 characters — download PDF for full document]