Please find attached herewith Transcript of Conference Call with Investors/Analysts conducted on Thursday, the 30th July, 2026 to discuss Q1 and FY 27 Results of the company.

AI summary - Q1 FY27 OHT segment volume grew 16% y-y to 93,770 MT; standalone revenue rose 24% y-y to INR3,409 Cr - EBITDA margin at 20.61%, impacted by raw material inflation and higher India volume share - Price hike of ~5% taken in Q1; raw material cost expected to impact margin by ~2% in Q2 - Carbon Black capacity increased to 360,000 MTPA; captive power to 64 MW - On-Highway segment launched in Q1 with gradual ramp-up planned from Q2 - Capex of INR1,000 Cr spent in Q1; INR1,500-2,000 Cr more planned for FY27 (total ~INR3,000 Cr) - Net debt approx INR1,725 Cr as of June 30, 2026 - India market share ~18-19%, Europe ~7-8%, US ~3-4%; US tariff refund process initiated - FY27 On-Highway revenue target INR5,000 Cr by 2030; pan-India distributor network expanding - Management refrains from forward-looking margin or growth guidance