Please find attached herewith transcript of conference call with Investors held on May 22, 2026

AI summary - Q4 FY26 revenue 1704 Cr +29% y-y; EBITDA 203 Cr +33% y-y (margin 11.9%); PAT 124 Cr (margin 7.3%) - FY26 revenue 6185 Cr +22.3% y-y; EBITDA 721 Cr +25.5% y-y (margin +29 bps); PAT 358 Cr +40.3% y-y - Lifetime order book 10,000 Cr with 48-60 months execution; 20% from exports - Capex guidance for FY27: 400-450 Cr; focus on EV, premiumization, new product launches - Strategic JVs with Turntide and Toyodenso advancing; SOPs expected FY27-FY28 - Segment growth: 2W +26%, PV +12%, CV +25%; PV revenue share to rise to 25% with Minda VAST consolidation - Commodity inflation passed to customers; margin impact controlled via operational levers - R&D spend focused on product and supply chain innovation; 330 patents filed FY26 - Long-term vision: INR 17,500 Cr revenue by FY30 at 12.5% EBITDA margin, targeting ~20% CAGR - Multiple analyst queries on EV product mix, margin outlook, and capacity ramp-up addressed