Pursuant to Regulation 30 of SEBI LODR Regulations, we are hereby submitting the transcript of the Earnings call held on Friday, 14th August, 2026 at 09:30 A.M. IST with Investors/ Analysts.

AI summary - Q1FY27 consolidated revenue grew 13% y-y to INR3,888 Cr; operating EBITDA up 28% to INR337 Cr; adjusted PAT rose 19% to INR126 Cr (before exceptional loss of INR123 Cr) - Consumer Durable division revenue +8% y-y; EBITDA +12%; growth expected in line with RAC industry for FY27 - Electronics division revenue +29% y-y to INR985 Cr; EBITDA more than doubled to INR107 Cr; margin 10.8%; PCB margins compressed due to copper clad laminate cost, expected to normalize by Q3FY27 - Railway Sub-system & Defense revenue +18% y-y; EBITDA down 26% due to product mix, commodity inflation, currency depreciation; FY27 revenue growth guidance 30-35%, margin 15-16% - Mobile manufacturing collaboration with Oppo progressing; trial production Q4FY27, commercial from Q1FY28; initial scale ~8 mn units, doubling in second year - Capex underway for HDI PCB facility at Jewar and multilayer PCB facility at Hosur; total PCB capex INR4,200 Cr approved - Commodity price and currency volatility impact margins; price pass-through with 1-2 quarter lag depending on segment - ILJIN fire disruption contained; insured and production shifted to other locations; reconstruction started - Electronics division targets 40%+ revenue growth for FY27 driven by PCBA, PCB, and industrial automation segments - Net debt INR1,225 Cr as of June 30, 2026 (up from INR510 Cr in March 2026)