Please find attached the Transcript (Revised) for the Earnings Call held on 11.08.2026.

AI summary - Q1 FY27 revenue grew 29% y-y; EBITDA up 27% with 10% margin; PAT INR64 crore +22% y-y - New Bhiwadi XLPE facility commissioned with 48,000 MT capacity; utilization ramping to 50% in FY27 - FY27 volume growth guidance at 15%; revenue growth guidance at 13% (conservative, excludes price rise) - BESS business initial phase capex INR200 crore; EBITDA margin expected 6-8%, scaling to 11-15% - Export revenue INR300 crore+ driven by MENA region; logistics and freight volatility impacted pricing - Capacity utilization expected to reach 70% in FY27 with 231,000 tons volume target - Market share gains expected in medium voltage XLPE segment aided by new capacity and supply chain advantages - EBITDA per ton improved by INR3 due to export pricing; sustainable EBITDA margin target 10-12% - Management confident of surpassing FY27 guidance despite global uncertainties