Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcripts of the earnings conference call held on ....

AI summary - Q4FY26 revenue ₹12,797 Cr +29% y-y; EBITDA ₹1,856 Cr +31% y-y; PAT ₹1,401 Cr +30% y-y - FY26 revenue ₹46,830 Cr +15% y-y; EBITDA ₹6,871 Cr +17% y-y; PAT ₹5,268 Cr +14% y-y; EBITDA margin 14.7% including EV investments - FY27 capex ₹1,500 Cr focused on scooters, EV capacity doubling, and global parts center - Industry volume growth guidance high single-digit for FY27; scooters expected to grow faster than motorcycles - EV business losses per unit declining; PLI covers ~13% of revenue aiding path to EV profitability - Commodity cost inflation causing short-term margin pressure; calibrated price hikes (~2%) and cost savings underway - Exports grew 41% y-y; focus on Latin America, Africa, and SAARC markets with expansion plans - Dealer inventory reduced to ~5 weeks; EV scooter inventory low - New CTO appointed to accelerate R&D and technology transformation