MVELECTRO

Concall Schedule Concall Date: September 30, 2026 Concall Time: 10:30 AM (IST) to 4:00 PM (IST) Nature/Place: Physical meeting with Plant Visit at Faridabad / Palwal

- Trading window for dealing in company securities will close from October 1, 2026. - Closure applies to Designated Persons and their immediate relatives until 48 hours after declaration of Q2/H1 FY27 un-audited financial results. - Date of the board meeting will be communicated in due course.

- Company holds an order book of over ₹1,000 crores for rail propulsion systems, with production scaling up to 40-45 systems per month by January 2027. - FY27 revenue is targeted at ₹400 crores, with a subsequent year annual run rate estimated at ~₹840 crores. - Expects 10%+ PAT margin once production stabilizes, following initial constrained margins during the ramp-up phase. - Expanding into distributed powertrains (EMU, Vande Bharat) and Overhead Electrification (OHE) systems, and exploring future diversification into marine/naval sectors. - R&D expenses are approximately ₹9 crores annually, projected to be 3-4% of total revenues.

- Audio recording of the Q1 FY26-27 results conference call, held on August 27, 2026, at 11:00 a.m. IST, is now available on the Company's website.

- Submission of Investor Presentation for Unaudited (Standalone & Consolidated) Financial Results for the quarter ended June 30, 2026 (Q1 FY27).

- Q1 FY27 Standalone Revenue ₹127.71 Million vs ₹134.48 Million (▼5.03% YoY) - EBITDA ₹-53.74 Million vs ₹-34.89 Million (loss increased YoY) - PAT ₹-68.86 Million vs ₹-57.33 Million (loss increased YoY) - EBITDA Margin -42.08% vs -25.94% (▼1614 bps) - The company incurred cash losses of ₹66.68 Million for the quarter ended June 30, 2026, and also for the preceding quarter ended March 31, 2026, indicating financial stress. - Appointment of M/s Taruna Kalra & Associates as Secretarial Auditors for FY 2026-27 to 2030-31. - Appointment of M/s G B S G & Associates as Internal Auditors for FY 2026-27. - The 17th Annual General Meeting (AGM) is scheduled for September 29, 2026.

- Q1 FY27 Standalone Revenue ₹127.71 Million vs ₹134.48 Million (▼5% YoY) - EBITDA ₹(53.74) Million vs ₹(34.89) Million (▼54% YoY) (Loss increased) - PAT ₹(68.86) Million vs ₹(57.33) Million (▼20% YoY) (Loss increased) - EBITDA Margin (42.08%) vs (25.94%) (▼1614 bps) (Margin worsened) - The company reported a cash loss of ₹66.68 Million in Q1 FY27, compared to a cash loss of ₹136.83 Million in Q1 FY26. However, the auditors noted recurring cash losses in two consecutive quarters, indicating financial stress. - The Board approved the appointment of M/s Taruna Kalra & Associates as Secretarial Auditors for FY 2026-27 to 2030-31. - The Board approved the appointment of M/s G B S G & Associates as Internal Auditors for FY 2026-27. - The 17th Annual General Meeting (AGM) will be held on September 29, 2026.

- Concall Schedule - Concall Date: August 27, 2026 - Concall Time: 11:00 AM IST