Submission of Transcript of Earning Call held on 19th August, 2026.

Ref: MIL/BSE/2026 Date: 26.08.2026 The Corporate Relations Department BSE Limited Department of Corporate Services P J Towers, Dalal Street, Fort, Mumbai-400001. Re: Maximus International Limited Script Code: 540401 Sub: Transcript of Q1 FY 2026-27 Earnings Call. Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III and Regulation 46 to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Kindly find enclosed herewith Transcript of Q1 FY 2026-27 Earnings Call held on 19th August, 2026. A copy of the same is also available on the Company’s website at www.maximusinternational.in You are requested to take the aforesaid information on your record. Thanking you, Yours faithfully, For Maximus International Limited Sonali Panchal Company Secretary & Compliance Officer “Maximus International Limited Q1 FY27 Earnings Conference Call” August 19, 2026 MANAGEMENT: MR. DIPAK RAVAL – CHAIRMAN AND MANAGING DIRECTOR – MAXIMUS INTERNATIONAL LIMITED MR. MILIND JOSHI – CHIEF FINANCIAL OFFICER – MAXIMUS INTERNATIONAL LIMITED MR. ANIRUDDH GANDHI – NON-EXECUTIVE NON- INDEPENDENT DIRECTOR – MAXIMUS INTERNATIONAL LIMITED MODERATOR: MS. JANHAVI PATIL – ORIM CONNECT Page 1 of 10 Maximus International Limited August 19, 2026 Moderator: Ladies and gentlemen, good day and welcome to Maximus International Limited Q1 FY27 Earnings Conference Call hosted by ORIM Connect. This conference call may contain forward- looking statements about the company, which are based on beliefs, opinions, and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. 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 touchtone phone. Please note that this conference is being recorded I now hand the conference over to Ms. Janhavi Patil from ORIM Connect. Thank you, and over to you, ma'am. Janhavi Patil: Thank you. Good afternoon, everyone, and a warm welcome to all of you. I am Janhavi Patil from ORIM Connect, representing the Investor Relations team of Maximus International Limited. On behalf of the company, I would like to thank you all for joining us for the Q1 FY27 earnings concall. We are joined today by the company's senior management team, Mr. Dipak Raval, Chairman and Managing Director, Mr. Milind Joshi, Chief Financial Officer, Mr. Aniruddh Gandhi, Non- Executive Non-Independent Director. Thank you for taking the time and joining us today. I would like to now hand over the call to Mr. Dipak Raval for his opening remarks. Following his address, we will proceed for the question-and-answer session. Over to you, Dipak sir. Dipak Raval: Thank you, Janhavi. And good evening, everyone. And I welcome to Maximus International Limited's Q1 FY27 earning call. At the outset, I would like to thank all our shareholders, investors, analysts, and stakeholders for joining us today. We have started FY27 on a strong note with the consolidated revenue from operations reaching INR59.91 crores in quarter 1 FY27 compared to INR39.52 crores in the same quarter of FY26, representing growth of over 51% year-on-year. This growth reflects the continued scale up of our international operations and increasing business volumes. From an industry perspective, if I say, we remain positive about the long-term outlook for the lubricant sector. Demand continues to be supported by industrialization, infrastructure development, rising vehicle ownership, and increasing consumption across manufacturing, mining, power, and construction sectors. At the same time, customers are gradually moving towards premium, specialty, and higher performing lubricants. The opportunity is particularly attractive in our key markets. The Middle East and Africa lubricant market projected to grow from approximately USD9.1 billion in 2024 to USD12.4 billion by 2034. Maximus, I would say, is well positioned to participate in this opportunity. Page 2 of 10 Maximus International Limited August 19, 2026 We currently have manufacturing operations in the UAE and also in Kenya with an overall manufacturing capacity of approximately 50,000 KL and serve more than 400 customers across 25 plus countries and 50 plus industries. Going forward, our strategy is focused on both organic as well as inorganic growth. On the inorganic side, we are currently progressing with the acquisition of an additional manufacturing unit as an associate. The proposed acquisition is aligned with our strategy of strengthening our manufacturing footprint and expanding our market reach, creating operating synergies. The process is currently underway, and we will share further details at an appropriate stage. Now on the organic side, East Africa remains an important growth market for us. We are planning to commission a grease manufacturing facility at our Kenya plant in quarter 3 of FY27, which will broaden our product portfolio, strengthen our local manufacturing capabilities. We are also evaluating our next phase of expansion into Tanzania, where our strategy is to initially establish warehousing and distribution capabilities and subsequently move towards manufacturing as the business achieves the required scale. Another important focus area is increasing our presence in premium and also in the specialty lubricants. Over time, we intend to improve our product mix by introducing higher value products across our manufacturing facilities and expanding into specialty lubricants, petrochemicals, and other value-added solutions. Overall, I would say, our focus for FY27 will remain clear, scale our existing operations, expand into new geographies, strengthen our product portfolio, pursue strategic acquisition opportunities, and improve operational efficiencies while maintaining disciplined capital allocation. We believe these initiatives will help us build a larger, more diversified, and scalable international lubricants business over the coming years. With this, I would now request our CFO, Mr. Milind Joshi, to take you through the financial performance for quarter 1 FY27. Thank you. Mr. Milind, over to you. Milind Joshi: Thank you, Mr. Raval. Good evening, everyone. Let me take you through the key financial highlights for the first quarter of financial year 2027. As Mr. Raval mentioned, consolidated revenue from the operations stood at INR59.91 crores in the current quarter, ending on June 30th. Compared with the corresponding quarter of the previous financial year, the consolidated revenue stood at INR39.52 crores, registering an year-on-year growth approximately of 52%. This growth was supported by the continuous scale up of our business across manufacturing, trading, and distribution activities. Our EBITDA for the quarter stood at INR4.58 crores compared with the INR3.88 crores in the corresponding quarter last financial year, which also representing an improvement of approximately 18% Y-o-Y. However, the EBITDA margins during the quarter stood at 7.64% compared with the 9.81% in the Q1 FY26. Page 3 of 10 Maximus International Limited August 19, 2026 The movement in the margin to be viewed in the context of a significant increase in the revenue and the corresponding change in our business mix, and most importantly, the input cost which got inflected during the quarter due to ongoing Middle East war, which has shrinked our EBITDA margins in terms of percentage. Profit before tax stood at INR2.41crores compared with the INR2.48 crores in Q1 FY26 corresponding quarter, while the consolidated net profit stood at INR2.05 crores which compared to PAT of INR2.33 crores in the corresponding quarter last year. The quarter also reflects an increase in the fina [Showing first 8,000 characters — download PDF for full document]