Analysts/Institutional Investor Meet/Con. Call Updates

To 29.08.2026 The Manager- Listing Compliance National Stock Exchange India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla complex, Bandra (E), Mumbai 400051 NSE Symbol: NRL; ISIN: INE0JM501013 Sub.: Transcript of the Conference Call – Nupur Recyclers Limited (“Company”) Ref.: 1. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (“SEBI LODR Regulations”) Sir/ Madam, Please find enclosed herewith, the Transcript of the conference call for the Analysts/ Investors, which was held on Monday, August 24, 2026 (“said conference call”), to discuss the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on June 30, 2026 (“said transcript”). The said transcript is also made available on the website of the Company i.e. at https://www.nupurrecyclers.com/sebi-lodr-regulation46.html. This is for your information and records. Thanking you, Yours faithfully, For Nupur Recyclers Limited Shilpa Verma Company Secretary & Compliance officer M.No. F10105 Encl.: As above “Nupur Recyclers Limited Q1 FY27 Post-Results Earnings Conference Call” August 24, 2026 MANAGEMENT: MR. RAJESH GUPTA – CHAIRMAN AND MANAGING DIRECTOR MODERATOR: MR. RUSHABH SHAH – ADFACTORS PR Page 1 of 17 Nupur Recyclers Limited August 24, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Q1 FY27 Post-Results Earnings Conference Call of Nupur Recyclers Limited, hosted by Adfactors PR. 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 conclude. 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 Mr. Rushabh Shah from Adfactors PR. Thank you and over to you, Rushabh. Rushabh Shah: Thank you. A very good evening to everyone and warm welcome to Q1 FY27 earnings call of Nupur Recyclers Limited. From the management, we have with us Mr. Rajesh Gupta, Chairman and Managing Director. Before we begin the earnings call, I would like to mention that some of the statements made during today's call may be forward-looking in nature and hence it may involve risks and uncertainties, including those related to the future financials and operating performance of the company. Please bear with us if there is any call drops during the course of the conference call. We would ensure that the call is reconnected at the earliest. I now hand over the call to Mr. Rajesh Gupta, Chairman and Managing Director for his opening remarks. Thank you and over to you, sir. Rajesh Gupta: Thank you, Rushabh. Good evening, everyone, and a very warm welcome to all our investors, analysts and shareholders joining us today for Nupur Recyclers Limited's first earnings conference call as a listed company. Our Q1 FY27 financial results and press release have already been uploaded on the stock exchanges and on our website, and I hope you have had a chance to go through them. Before I move to our business and financial performance, I want to briefly address a question that may be on many of your minds given the current geopolitical environment globally. I would like to assure you that this has not had a material impact on our operations. The reason is simple: we do not depend on any single country or region for our raw material. We source our scrap metal from multiple geographies the United States, Europe, the Middle East and Australia which gives us the flexibility to reroute our sourcing if any one region faces disruption. This diversified, multi-geography sourcing model has been, and continues to be, one of the core strengths of our business. Let me now take a few minutes to explain our business in simple terms, particularly for those of you who are getting to know Nupur Recyclers for the first time. We are in the business of recycling non-ferrous scrap metal. In simple words, instead of mining new metal from the ground, we import scrap, used or discarded metal from developed markets such as the US, Europe, the Middle East and Australia, and convert it into usable, good-quality metal that Indian manufacturers can use directly. This is a more sustainable, and often more cost- efficient, way of producing metal, and it sits at the heart of India's transition towards a circular economy. Page 2 of 17 Nupur Recyclers Limited August 24, 2026 Every year, we import approximately 8,000 to 10,000 tonnes of scrap metal, spread across three metals: around 4,000 tonnes of stainless steel, 3,000 tonnes of zinc, and 2,000 tonnes of aluminium. Once the scrap leaves the origin country, it typically takes about one to two months to reach our facilities in India. Once it reaches us, we process it and add value through sorting, cleaning, melting, alloying and converting it into ingots, extrusion products and other finished forms before selling it onward to end consumers across the automotive, solar, electrical and industrial sectors. To build a more complete business around this core activity, we have put together a group structure with multiple subsidiaries internal integration. This lets us capture a larger share of the value chain, rather than remaining only a scrap trading and processing business. We have three major operating subsidiaries, Frank Metals Recyclers Limited, Nupur Extrusion Private Limited, and Tycod Autotech Private Limited. On a consolidated basis after making adjustments of subsidiaries transactions, total Revenue of approximately Rs. 83.03 crores during the quarter, with the entity-wise break-up as under: NRL at approximately Rs. 40.68 Crores Frank Metals Recyclers at approximately Rs. 49.19 crores, Nupur Extrusion at approximately Rs. 9.75 crores, and Tycod Autotech at approximately Rs. 12.52 crores. And others at approximately Rs. 93 lakh. Let me take you through each of these subsidiaries briefly, along with their expansion plans. Let me take you through each of these subsidiaries briefly along with their expansion plans. Frank Metals Recyclers Limited has recently entered the aluminium extrusion business taking aluminium and shaping it into long profiles and sections used in construction, Mivan shuttering, furnitures, door windows and other industrial applications, using extrusion machinery we have already invested in. Frank Metals plans further capacity expansion here, with the objective of building a scalable aluminium extrusion business over the medium term. Nupur Extrusion Private Limited operates our Haryana facility and is currently running at 1800 MT per annum capacity against total production capacity of 2400 MT per annum, catering to solar plant manufacturing and OEM (original equipment manufacturer) customers, both segments seeing strong, secular demand in India today. Tycod Autotech Private Limited is our forward integration into auto components manufacturing. We hold a 51% stake, acquired at an enterprise value of approximately Rs. 24 crore, and Tycod supplies reputed customers including Tata Motors (Pune), Tata Motors (Jamshedpur), Tata Motors (Rudrapur), Multitech Auto (Jamshedpur), Sundaram and Interpump Hydraulics, Havells and other more OEMs are coming to join. This lets us convert some of our recycled, Page 3 of 17 Nupur Recyclers Limited August 24, 2026 value-added metal directly into finished components rather than only selling processed metal, and we continue investing in additional plant and machinery to scale this business. One important feature of our model: broadly, about 70% of our value-added products are sold directly to third-party customers in the open market, while the remaining 30% flows to our own subsidiaries for further processing. This internal integration gives us better control over quality, pricing and realisations across the value chain than a purely standalone trading or processing [Showing first 8,000 characters — download PDF for full document]