Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - BKT and Pirelli signed a strategic offtake agreement for Pirelli-branded premium car tires produced at BKT's Bhuj plant starting 2027 - Production to scale up to 800,000 tires per year by 2030, mainly for Indian market with some global supply - No additional capex expected for offtake; JV and dedicated plant possible by 2030 subject to conditions - BKT to produce Pirelli tires using Pirelli technology; BKT brand uses own technology and targets full Indian PCR market from 13-inch upwards - Pirelli targets super-premium segment (~10% of market); BKT expects 80% capacity for own brand - No royalty fees in JV; service agreement includes access to Pirelli testing infrastructure - Partnership expected to accelerate BKT's on-road segment growth and improve market acceptance - Capacity modularly expandable beyond current 6,700 tires/day; JV timeline and capex TBD - Management confident of maintaining margins and achieving Vision 2030 targets