GREAVESCOT

Current scenario - Q2 FY27 consolidated revenue grew 44% YoY to INR 1,176 crores, driven by strong performance across core and electric mobility businesses. - Profitability remained under pressure due to rising input costs (aluminium, copper, steel, PGM), though corrective pricing actions are being implemented. - Consolidated EBITDA grew 43% YoY; Core Business EBITDA margin stood at 11.5% compared to 14.8% a year ago. - Greaves Electric Mobility (GEML) reported highest-ever quarterly volumes with e-two-wheeler volumes crossing 37,000 units (up 114% YoY). Changes in trends - Acquired the remaining 20% stake in Excel Controlinkage, making it a wholly-owned subsidiary to strengthen the engineered components portfolio. - GEML loss narrowed to INR 25 crores from INR 42 crores last year, with average realizations improving to INR 93,000 per unit. - Recognized one-off accelerated depreciation (INR 27 crores) and exceptional items (INR 33 crores) relating to brand/goodwill impairment and IPO expenses. Management Guidance & Outlook - Management expects the full benefit of price increases to reflect by Q4 FY27 as B2B/OEM lag phases clear out. - H2 FY27 is anticipated to show better margin performance compared to H1. - GEML is expected to reach breakeven fairly soon, supported by rights issue funding (INR 331 crores invested) which is deemed sufficient for the next 12-18 months. Growth Drivers - Development of in-house, rare-earth-free ferrite-assisted synchronous reluctance motors to reduce import dependence and lower costs. - Expansion in medium-to-high horsepower (MHP) genset portfolio (160 to 750 kVA range) growing at 35% in H1, alongside international expansion in the Middle East and Africa. - New product launches including a 470 cc diesel engine, 750 HP Fire Fighting engine, and 160 cc gasoline engine prototypes.

- Greaves Cotton Limited has informed the stock exchanges about the audio recording of the earnings call for the quarter and half year ended 30th September, 2026. - The audio recording has been made available on the company's website for investors and stakeholders.

- Consolidated Revenue for Q2 FY27 stood at ₹1,176 crore, up 44% YoY. - Consolidated EBITDA grew 43% YoY to ₹73 crore compared to ₹51 crore in Q2 FY26. - PBT stood at ₹-16 crore due to exceptional items of ₹60 crore; Business PBT was ₹44 crore. - Greaves Electric Mobility revenue doubled to ₹410 crore (up 106% YoY).

- Greaves Cotton submitted its Investor Presentation for Q2 & H1 FY27 (period ended September 30, 2026). - International business contributed 13% of total revenue in H1 FY27. - Highlighted operations across 9 manufacturing clusters, 7,000+ retail outlets, and expanding presence in engineering and EV mobility.

- Greaves Cotton Limited reported the outcome/conclusion timing of its Board meeting held on October 29, 2026. - The meeting commenced at 10:30 AM IST and concluded at 03:45 PM IST.

Greaves Cotton Limited submitted financial results for the quarter and half year ended September 30, 2026. - Detailed financial figures are not available in the filing text.

Concall Schedule Concall Date: Thursday, 29th October 2026 Concall Time: 5:00 PM IST Purpose: To discuss financial performance for the quarter and half year ended 30th September, 2026.

- Greaves Finance Limited, a wholly-owned subsidiary of Greaves Cotton Limited, has appointed Mukul Kanchan as its Executive Director & CEO effective October 1, 2026. - Mukul Kanchan brings nearly two decades of experience across lending, corporate finance, private equity, and M&A from previous roles at Plum, Clix Capital, and others. - He will lead the next phase of growth for GFL's EV-focused lending platform, ev.fin, scaling tailored financing solutions across India.

Greaves Electric Mobility (subsidiary of Greaves Cotton) added 50+ new Experience Centers across 15 states during Navratri. - Total network footprint doubled from ~300 to over 600 Experience Centers in just over a year. - Expansion targets key priority markets across North, East, West, and South India to enhance sales and service reach.

- Greaves Electric Mobility Limited (subsidiary of Greaves Cotton Limited) launched the new Nexus EX+ electric scooter. - The scooter features a 5-kW motor, IP65-rated water-resistant charger, and IoT-enabled Intellipack via the Ampere Connect App. - Pricing is set at INR 1,29,999 for Nexus EX+ and INR 1,35,999 for Nexus EX+ with Intellipack. - Equipped with next-generation LFP battery offering a 5-year/75,000 km warranty and a design life of 2,00,000 km.

Concall Schedule Concall Date: 29th September, 2026 Concall Time: 10:00 am to 11:00 am

- Investor Conference Schedule - Conference Date: 22nd September, 2026 - Details: Physical investor/analyst meetings will be held at 'Anand Rathi G-200 Summit 2026' in Mumbai, including group and one-on-one interactions.

- Greaves Electric Mobility Limited (a Greaves Cotton subsidiary) commenced the 'Ampere Magnus GMax Ultimate Endurance Ride' on September 8, 2026. - The ~4,000 km journey from East to West of India (Arunachal Pradesh to Gujarat) aims to test the electric scooter's durability, reliability, and intelligence across diverse terrains and weather conditions over 15 days.

- Greaves Cotton Limited announced an Investors/Analysts Plant Visit. - Date: 11th September, 2026. - Location: Ranipet Plant.

- Greaves Cotton Limited unveiled its new 12V15 750 HP Fire Fighting Engine at FSIE Expo 2026 in Mumbai on September 7, 2026. - The engine strengthens the company's Industrial Solutions portfolio for high-performance, specialized firefighting applications. - It aligns with the GREAVES.NEXT strategy to diversify into Mobility, Energy, and Industrial Solutions.

- India Ratings and Research Private Limited affirmed Greaves Cotton Limited's Long-Term Issuer Rating at 'IND AA-'. - The Outlook remains Stable. - Bank loan facilities totaling INR 2,030 million were also rated/affirmed at 'IND AA-/Stable'.

- Investor Meet Schedule - Meet Date: 28th August, 2026

- Greaves Cotton completed the acquisition of the remaining 20% shareholding in Excel Controlinkage Private Limited, taking its aggregate shareholding to 100%. This makes Excel Controlinkage a wholly owned subsidiary. - The acquisition is described as margin-accretive and complements Greaves Cotton's diversification strategy.

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- Management reaffirmed commitment to Greaves.Next strategy, targeting 16-20% CAGR growth for core businesses in the next few years. - Q1 FY27 margins were under pressure by 2-2.5% due to purposeful investments (approx. 1.5% impact) and increased commodity prices; Q2 expected to be marginally better, with H2 better than H1 as price increases, operating leverage, and cost savings take full effect, aiming to meet FY27 margin targets. - Greaves Electric Mobility (GEML) is confident in improving market share (aiming for double-digit in 4-8 quarters) and expects to move into positive EBITDA territory in 4-6 quarters, with current capital infusion sufficient for the next 2 years. - Strategic investments include INR 331 crores in GEML and INR 50 crores in Greaves Finance Limited (GFL), with GFL's AUM at INR 560 crores and growing. - International expansion continues with the incorporation of Greaves International Trading FZE in Dubai as a regional hub for the Middle East and Africa. - New Group Chief Technology Officer appointed; commissioned robotic gantry cell for advanced manufacturing. - Exploring opportunities in the data center genset market and 2-wheeler electric motorcycles.

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- Investor Conference Schedule - Conference Date: 13th August, 2026 - Details: Physical interaction with Investor/Analysts at Emkay Confluence 2026 in Mumbai. Meetings will be Group and One-on-one.

- Greaves Cotton Limited announced the audio recording of the earnings call for the quarter ended June 30, 2026, is available on its website. It was held today, August 5, 2026, as per Regulation 30.

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- The 107th Annual General Meeting (AGM) was held on August 4, 2026, through video conferencing, with 150 members in attendance. - Resolutions approved included the adoption of financial statements and reports, declaration of dividend, appointment of a director, and ratification of cost auditors' remuneration. - No qualifications, observations, comments, or remarks were noted in the Statutory Auditor's and Secretarial Auditor's reports for the financial year ended March 31, 2026. - Members raised queries on corporate strategy, Q1 2026-27 financial performance, industry outlook, and growth opportunities.

- Consolidated Revenue ₹974Cr vs ₹743.51Cr (▲31% YoY) - Consolidated EBITDA for Q1 FY27 was ₹56Cr - Consolidated Operating PBT for Q1 FY27 was ₹27Cr

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- Consolidated Revenue ₹974.12Cr vs ₹745.43Cr (▲30.68% YoY) - EBITDA ₹56.33Cr vs ₹56.93Cr (▼1.05% YoY) - PAT ₹6.16Cr vs ₹20.85Cr (▼70.46% YoY) - EBITDA Margin 5.78% vs 7.64% (▼186bps)

- Greaves Electric Mobility Limited's (GEML) Rights Issue of INR 530 Crore was fully subscribed by existing shareholders. - The capital infusion will strengthen GEML's growth towards developing Next Generation products, Battery Management Systems, Power Trains, and new age Technology.

- Greaves Cotton subscribed to its full entitlement of ₹331.12 Cr in the rights issue of its material subsidiary, Greaves Electric Mobility Limited (GEML). - GEML's ₹530 Cr rights issue was fully subscribed, and equity shares allotment was approved on August 02, 2026. - The Company's shareholding in GEML remains unchanged at 62.48%. - Proceeds from the rights issue will be utilized for capital expenditure, working capital, and general corporate purposes.

- Greaves Electric Mobility Limited (GEML), a subsidiary of Greaves Cotton, will not proceed with its proposed Initial Public Offering (IPO). - The validity of SEBI's Final Observations on its DRHP has lapsed as GEML chose not to avail a one-time extension. - GEML is undertaking a rights issue instead to fund business initiatives, growth, and capital expenditure.

- Concall Schedule - Concall Date: 05th August 2026 - Concall Time: 11:00 AM

- Greaves Electric Mobility Limited (GEML) subsidiary, Ampere, partnered with Muthoot Capital Services Ltd. - The partnership aims to accelerate EV adoption across Bharat by making electric two-wheeler ownership more accessible and affordable. - Muthoot Capital will provide convenient, flexible, and customer-centric retail financing solutions for Ampere's electric two-wheelers.

- Greaves Cotton's Board approved subscribing to Greaves Electric Mobility Limited's (GEML) rights issue for approximately ₹331 crore. - This investment reinforces commitment to GEML and strengthens its position in India's electric mobility market, aligning with the company's long-term growth strategy.

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- Board meeting on July 09, 2026, approved subscribing to Greaves Electric Mobility Limited's rights issue for ~₹331.12 crore. - Also authorized a committee to consider subscribing to any unsubscribed shares.

- Greaves Cotton Limited incorporated Greaves International Trading FZE (GITFZE) in Dubai, UAE, as a wholly-owned subsidiary. - The new subsidiary will act as a regional hub to accelerate international growth and strengthen distribution across the Middle East and Africa. - International business contributed 13% to revenue in FY26, up from 9%, supporting the company's long-term growth strategy.

- Trading window for Designated Persons to remain closed from July 1, 2026. - It will reopen 48 hours after the announcement of financial results for the quarter ended June 30, 2026.

- Greaves Electric Mobility's Ampere brand achieved a milestone of 4 lakh electric scooters sold. - Ampere recorded 51% YoY growth in FY26, increasing its market share from 3.6% to 4.4%. - Its products, including Ampere Nexus and Magnus, won multiple "Electric Scooter of the Year" awards.

- Greaves Cotton Limited has incorporated 'Greaves International Trading FZE' in Dubai, UAE, as a Wholly Owned Subsidiary (100% owned). - The incorporation was effective 18th June, 2026. - The subsidiary's primary objective is international trading and distribution to strengthen global market presence and drive overseas business growth.

- Greaves Cotton Limited recommended a dividend of ₹2/- per equity share for FY ended 31st March 2026. - Dividend payment is subject to tax deduction at source (TDS) as per Income-tax Act, 2025. - Shareholders are requested to update KYC and bank details by July 23, 2026, for accurate TDS and timely payment. - The record date for the dividend is July 28, 2026, and the AGM is on August 4, 2026.

- The 107th AGM will be held on August 4, 2026, at 3:00 p.m. IST. - A dividend of ₹2 per equity share for FY26 is proposed. - The record date for dividend eligibility is July 28, 2026. - Payment of the dividend, if approved, will be on or before September 2, 2026.

- The 107th Annual General Meeting (AGM) will be held on Tuesday, 04th August, 2026 at 03:00 p.m. IST. - A dividend of Rs. 2/- per equity share has been proposed for the financial year ended 31st March, 2026. - The Record Date for determining eligible members for the dividend is Tuesday, 28th July, 2026. - The dividend, if approved, will be paid on or before Wednesday, 02nd September, 2026.

- Analyst/Investor Meet Schedule - Meet Date: 22nd June, 2026 - Key Participants: Tata Mutual Fund, Nuvama AIF, The Wealth Company, Credent Asset Management, and Shanghvi Family office (corrected from Sun Pharma Family Office).

- Investor/Analyst Meet Schedule - Meeting Date: 22nd June, 2026 - Interaction Type: Physical, Group and one-on-one meetings with various funds and family offices.

- Greaves Electric Mobility (Ampere) launched the new Reo VYB electric scooter on June 17, 2026. - Priced at ₹69,499, it expands the entry-level E2W portfolio, offering up to 80 km true range with an LFP battery.