Transcript of Webinar for Investors and Analysts held on 07th August, 2026.

AI summary - Q1 FY27 consolidated transmission charges increased 3% to Rs. 10,905 crore; PAT at Rs. 3,598 crore, down 1% due to regulatory drag - Capex guidance Rs. 37,000 crore; Q1 capitalization Rs. 5,277 crore, over 3x Q4 FY26 - Regulatory drag of Rs. 560 crore due to depreciation and interest timing differences - Strong order pipeline of Rs. 1.19 lakh crore; Rs. 7.9 lakh crore transmission capex planned by 2035-36 - Equipment supply constraints easing with increased OEM capacity and new players - BESS projects included under transmission; petitions filed for regulatory approval - TBCB equity investments funded fully from internal accruals; returns calibrated - Transmission revenue not linked to power flow; deemed DOCO status ensures revenue - Regulatory tariff differences explained; interest accruals during order delays impact profits - Grid strengthening projects awarded via RTM or bidding; One Sun, One World, One Grid integration progressing