Apar Industries Ltd. — Q1 FY27 earnings call

Listing Department BSE Limited Corporate Relations Department, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. Scrip Code : 532259

Corporate Relationship Department Sub. : APAR Industries Limited Corporate Presentation – July, 2026 Ref.: Regulation 30 and all other applicable regulations, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. _________________________________________________________________________________ Dear Sir / Madam, We are sending herewith a Corporate Presentation of APAR Industries Limited for July, 2026 for the information of Members and Investors. Thanking you, Yours Faithfully, For APAR Industries Limited Sanjaya Kunder (Company Secretary) Encl. : As Above APAR Industries Limited

APAR House, Corporate Park, V. N. Purav Marg, Chembur, Mumbai - 400 071, India +91 22 4957 2100/6780 0400 corporate@apar.com www.apar.com

301/306, Panorama Complex, R. C. Dutt Road, Alkapuri, Vadodara - 390007, India +91 265 6178 740 apar.baroda@apar.com www.apar.com CIN: L91110GJ1989PLC012802 SANJAYA RAJU KUNDER Digitally signed by SANJAYA RAJU KUNDER Date: 2026.07.27 16:33:04 +05'30' APAR INDUSTRIES LIMITED Corporate Presentation July 2026 Corporate Presentation – July 2026 2 IMPORTANT: You must read the following before continuing. The following applies to this document, the oral presentation of the information in this document by APAR Industries Limited (the “Company”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the “Information”). In accessing the Information, you agree to be bound by the following terms and conditions. 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Such forward- looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions, including future changes or developments in the Company’s business, its competitive environment, information technology and local political, economic, legal, regulatory and social conditions in India, which the Company believes to be reasonable in light of its operating experience in recent years. The Company does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the Company. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. No recommendation is made as to how investors should exercise any investment decision. 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DISCLAIMER Corporate Presentation – July 2026 3 COMPANY OVERVIEW Corporate Presentation – July 2026 4 APAR INDUSTRIES LTD: TOMORROW’S SOLUTIONS TODAY India’s largest player in terms of sales of conductors in FY26 One of the leading exporters of conductors and cables from India in FY26 One of the largest cable manufacturers for renewables in India as of FY26 #1 India’s largest private sector manufacturer of specialty oils in terms of manufacturing capacity as of March 2026 Carrying Electricity Supporting the building blocks for energy infrastructure through products used in efficient electricity transmission Client-First Innovation Customer-focused product development and solution designing Engineered Performance Increasing ampacity, reducing losses and improving safety — in a more environmentally sustainable manner. Who we Serve Serving global customers across T&D, mobility, telecom, infrastructure, renewables, data centres and defence One of the leading global aluminium and alloy conductors’ manufacturers as of March 26 #1 Corporate Presentation – July 2026 5 1 Based on revenue from operations as at FY26 APAR: A SCALED PLATFORM BUILT FOR STRUCTURAL GROWTH APAR Industries Limited is ~$ 2.4 bn1 manufacturing company that holds leadership positions across key business segments PILLARS OF STRENGTH 68 Years of legacy 11 State-of-the-art facilities globally ESG CARE CRISIL 76.4 Score CareEdge ESG 1 59/100 FINANCIAL HIGHLIGHTS FY 24 FY 26 22,902.12 16,152.98 Revenue Rs crores 6,817.96 7,301.15 Export Rs crores 45.82% 44.80% Premium Mix Conductors2 (%) 2,067.65 1,631.57 EBITDA post open period forex Rs crores 976.93 825.11 PAT Rs crore 736.66 330.67 Capex Rs crores 2 Based on segment revenue of conductor divisions Employees ~2,200 Corporate Presentation – July 2026 6 APAR’S STATE-OF-THE-ART FACILITIES 29.77% Export Mix (FY26) 6 Countries with Corporate presence (India, UAE, Saudi Arabia, USA, Singapore and Brazil) • Jharsuguda • Lapanga Gujarat Power / Telecom Cable • Khatalwada • Umbergaon Dadra and Nagar Haveli and Daman and Diu Conductors • Athola Unit-III • Athola Unit-V • Khanvel • Silvassa Maharashtra Transformer & Specialty Oils • Rabale Odisha Conductors Al Hamriyah Sharjah, UAE Transformer & Specialty Oils (PSF) Transformer & Specialty Oils • Silvassa • Al Hamriyah, Sharjah Corporate Presentation – July 2026 7 ACS Wire Conventional Conductors HTLS Conductors Railway Conductors Alloy Rods OPGW BUSBAR Turnkey Solutions CTC/PICC

CONDUCTORS ONE OF THE LARGEST PLAYER IN INDIA Key Products and Facilities: FY26 revenue of INR 12,711.95 crore 3 Installed capacity 2,77,327 MT in FY26 v/s 2,14,438 MT in FY24 • Products include conventional conductors, Copper conductor for Railways, Optical Ground Wire (OPGW) & CTC • 45.82% of conductor revenue comes from premium products (basis FY26 revenue) 1 Corporate Presentation – July 2026 7 • One of the leading Global aluminum and alloy conductor manufacturer as of FY 26 • Technology tie-ups with a US based company for ACCC2 conductors • Till FY26 completed upto 272 reconductoring projects covering upto 7005 ckm 1 In terms of Sales of Conductors in FY26 2 Aluminium Conductor Composite Core 3 Includes inter segment revenue Corporate Presentation – July 2026 8

TRANSFORMER AND SPECIALTY OILS – INDIA’S LARGEST PRIVATE SECTOR MANUFACTURER 1 Key Products and Facilities: FY26 revenue of INR 5,373.07 crore 2 FY26 installed capacity 9,34,600 MT in FY26 • India's largest private sector manufacturer of specialty oils in terms of manufacturing capacity as of March 26 • Wide range of products in the Specialty Oil Segment • ~42% of the transformer oil volumes sold to overseas markets in FY26 • Al-Hamriyah, Sharjah plant. Proximity to customers in Middle East & East Africa • Product range includes Transformer oils, automotive oil among others • Licensing agreement for auto lubricant with a European company Transformer Oil White Oils Industrial & Process oils Industrial & Auto Lubricants Petroleum Jelly Corporate Presentation – July 2026 8 1 in terms of manufacturing capacity as of March 2026 2 Includes inter segment revenue Corporate Presentation – July 2026 9

CABLES – ONE OF THE LARGEST PLAYERS IN DOMESTIC RENEWABLE SEGMENT1 Key Products and Facilities: FY26 revenue of INR 6,219.51 crore 3 Installed capacity 9,50,656 KM in FY26 v/s 6,81,780 KM in FY24 • One of the largest cable manufacturers for renewables in India1 • 5 E-beam Irradiation machine • Supplier of cables to defence and railways • Supplier of EPR cables • 18 UL2 approvals for export of cables to US • By FY26 Light Duty cable business presence now is in 20 states. Total sales value Rs 384.06 crores as on FY26 • Range of products include power cables, elastomeric cables, house wires amongst others Corporate Presentation – July 2026 9 Power Cables House Wire Elastomeric Cables OFC 1 As of March 26 2 Underwriters Laboratories 3 Includes inter segment revenue Corporate Presentation – July 2026 10 GROWTH DRIVERS Corporate Presentation – July 2026 11 BUSINESS VERTICALS - FUNDAMENTALLY, OUR GROWTH DRIVERS REMAIN INTACT Renewable Buildout Transmission Expansion Infrastructure Development Public Transportation (incl Mobility) Telecom Manufacturing, China + 1 Data Centre Buildout Energy storage system ESTABLISHED GROWTH DRIVERS NEW GROWTH DRIVERS WITNESSED IN LAST 2 YEARS Corporate Presentation – July 2026 12 LIMITED RIGHT OF WAY (ROW) IS DRIVING DEMAND FOR HTLS CONDUCTORS • RoW constraints are driving utilities to maximize capacity within existing transmission corridors. • New transmission lines offer the highest flexibility but involve lengthy approvals, land acquisition challenges, and high capital costs. • Voltage upgrades can increase capacity by 100–200% but often require network modifications and 2–3 years for implementation. • HTLS reconductoring provides a faster (8–12 months) and cost-effective alternative by leveraging existing infrastructure without additional RoW. • Supported by regulatory frameworks and successful deployments by POWERGRID and GETCO, reconductoring is gaining traction as a medium-term solution to enhance capacity and defer greenfield expansion. Indicators New Transmission Line Voltage Upgrade Conventional Higher - Rated Conductors Update Reconductoring Typical Capacity Increase 100-200% 50-150% Permitting & Use of Existing RoW Design and Construction Timeline Cost Sustainability 3-5 years 2-3 years 8-12 Months - APAR Turnkey

Upto 2721 Reconductoring Projects Completed upto 7005 ckm1 Line length Completed 1 Till FY26 Corporate Presentation – July 2026 13 WE ARE APAR Corporate Presentation – July 2026 13 Corporate Presentation – July 2026 14 UNLOCKING THE BOTTLENECK: CAPITALISING ON CONVERGENCE OF FOUR GLOBAL CAPITAL CYCLE 2.3x growth in Data centre capacity CY30 projected global data center capacity is 226 GW (133% growth over 2024 level) with AI workloads to account for 45–50% of total utilization • Global electricity generation to supply data centres is projected to grow from 460 TWh in 2024 to over 1,000 TWh in 2030, • Differential Cost for AI-DC v/s DC, driven by compute chips, density, usage etc. • Approximate 35%-45% capex requirement in power and related sector • Data center capacity additions through CY30 from CY 24 are projected at ~58 GW in the US, ~43 GW in China, and ~11 GW in Europe (IEA), compared with ~3.4 GW in India during FY26–FY30 • Creating significant opportunities for power infrastructure, cables, conductors and electrical equipment. 2x growth in RE capacity Global renewable power capacity addition projected at 4,600 GW (CY25-30) – double the deployment of the previous five years • Solar & wind Installed capacity is expected to grow by 230-250 GW & 45-50 GW respectively during FY 2027 to FY 2031 in India • Global share of renewable energy to increase to 42.4% by 2030 v/s 33.5% in 2025. Renewable energy to account for 50-55% of India's total capacity by FY 2031 • The growing dominance of clean energy sources is expected to reduce the share of fossil fuels in the global power mix 1.7x Growth in global electricity network investment from CY 2021 to CY 2026P • India's installed power capacity to reach • 885-895 GW by fiscal 2031 • Accelerated replacement of ageing infrastructure replacement globally • RDSS allocation Rs 3L cr extended to 2028 • Expansion of OPGW network replacing conventional earth wire • Importance of high-voltage (HV) lines of 400 kV and 765 kV in the intra-state transmission network is also increasing, as higher voltage level enhances power density, reduces losses and efficiently delivers bulk power 500k 4w EV 2027 Annual electric car sales are projected to more than double from ~220,000 units in FY26 to ~500,000 units by FY27 •

Rs 3.44 trillion of sanctioned projects • High speed Rail:7 more routes identified, with expected outlay of Rs 16 trillion • Indias public charging station expected to grow 6x by CY 2035 As per CRISIL report Corporate Presentation – July 2026 15 THE GLOBAL TOTAL FINAL ENERGY CONSUMPTION MIX: INCREASING ELECTRICITY MIX BY 2050 Share of global total final consumption by selected fuel and scenario, 2024-2050 Stated Policies Scenario (STEPS): This scenario is designed to reflect the impact not just of existing policy frameworks, but also of today’s stated policy plans Announced Pledged Scenario (APS): The Announced Pledges Scenario (APS) assumes that all aspirational targets announced by governments are met on time and in full, including their long-term net zero and energy access goals Net Zero Emissions by 2050 Scenario (NZE): The scenario maps out a way to achieve a 1.5ௗ°C stabilization in the rise in global average temperatures, alongside universal access to modern energy by 2030

IEA, CRISIL MI&A • Total final energy consumption is projected to increase from 453 EJ in CY2024 to 599 EJ (+32.2%) in the STEPS scenario and 541 EJ (+19.4%) in the APS scenario by CY2050 • Across all scenarios, electricity emerges as the fastest-growing energy carrier, with its share rising from 21% (95 EJ) in CY2024 to 29% (172 EJ), 31% (169 EJ), and 55% (192 EJ) by CY2050, respectively. • The declining share of liquid, gaseous, and solid fuels highlights the accelerating transition toward electrification and a lower-carbon energy system. Corporate Presentation – July 2026 15 As per CRISIL report Corporate Presentation – July 2026 16 GLOBAL INVESTMENTS IN SOLAR, WIND AND NUCLEAR POWER TO SEE ROBUST GROWTH

the data is presented on a calendar-year basis (CY) | Source: IEA, Crisil Intelligence Capacity additions in renewable power expected to post robust growth • As per the International Energy Agency (IEA), global renewable power capacity is projected to increase by nearly 4,600 GW between CY2025 and CY2030, representing almost double the capacity additions achieved during the previous five-year period (CY2019–CY2024). • Over the same period, the combined share of solar, wind, hydropower, and other renewable sources in global electricity generation is expected to rise from 33.5% in CY2025 to 42.4% in CY2030, reducing reliance on coal and natural gas, stabilizing emissions, and lowering the carbon intensity of the power sector. Corporate Presentation – July 2026 16 As per CRISIL report Corporate Presentation – July 2026 17 EMERGENCE OF DATA CENTRE 15-20% 80-85% AI Workload Non AI workload 43 102 16 27 36 92 2 5 97 226 CY24 CY30P North America Europe Asia Pacific RoW 16.5% 16.9% 9.1% 15.5% CAGR(CY24-30P) CY24 45-50% 50-55% AI Workload Non AI workload CY30P

Crisil Intelligence

Crisil Intelligence • The global data center ecosystem is witnessing an extraordinary phase of capacity expansion underpinned by surging demand from artificial intelligence workloads, large-scale cloud migrations, and the proliferation of digital services across industries • Global electricity generation to supply data centres is projected to grow from 460 TWh in 2024 to over 1,000 TWh in 2030 • Data Centre Construction Capex Expected to Increase 5.5x–6.0x by CY2030 The global data center ecosystem is witnessing an extraordinary phase of capacity expansion Nature of Data center workloads is undergoing a meaningful shift Corporate Presentation – July 2026 17 As per CRISIL report Corporate Presentation – July 2026 18 7,301.15 6,098.35 6,817.96 1,811.43 8,851.83 12,482.86 16,084.16 4,779.63 FY24 FY25 FY26 Q1 FY27 33.10% 24.56% 24.46% 9.81% FY24 FY25 FY26 Q1 FY27 27.00% 19.60% 19.74% 8.36% FY24 FY25 FY26 Q1 FY27 FINANCIAL PERFORMANCE OVER THE YEARS EBITDA Post forex * (₹ crore) Revenue from operations (₹ crores) ** Not annualised Export Mix (%) * Profit before tax + Depreciation + Finance cost – Interest income + Unallocable expense net of unallocable other income 16,152.98 18,581.21 22,902.12 6,591.06 FY24 FY25 FY26 Q1 FY27 32.82% 29.77% 27.48% 1,631.57 1,680.70 2,067.65 814.30 FY24 FY25 FY26 Q1 FY27 ROE (%) EPS (₹) 120.20 103.35 127.69 36.44 31.30 35.88 34.78 53.00 58.40 63.90 84.26 25.15 2.30 1.00 -3.00 0.99 FY24 FY25 FY26 Q1 FY27 Conductor Oil Cable Others ROCE (%) 45.20% ** ** Exports Domestic Corporate Presentation – July 2026 19 FINANCIAL PERFORMANCE OVER THE YEARS Working capital days Capex Expenditure (₹ crores) * Working capital does not include cash & investments, but includes current and non-current portion of other working capital assets and liabilities Debt/Equity Ratio 143.20 205.76 223.12 3.69 80.20 103.91 167.60 186.83 400.98 16.18 36.90 8.64 FY24 FY25 FY26 Conductor Oil Cable Others Net Fixed Asset Turn (x) 12.28 11.12 10.15 FY24 FY25 FY26 53.60 47.07 51.84 FY24 FY25 FY26 0.10 0.10 0.16 FY24 FY25 FY26 Working capital (Rs crore)* 2,371.92 2,396.20 3,252.86 FY24 FY25 FY26 Corporate Presentation – July 2026 20 SEGMENTAL PERFORMANCE: CONDUCTORS 3,597.88 3,888.60 5,824.61 1,677.88 4,433.10 5,693.41 6,887.34 1,660.25 44.80% 40.58% 45.82% 50.26% FY24 FY25 FY26 Q1 FY27 Premium Conventional 2,06,633 2,22,709 2,41,788 53,279 FY24 FY25 FY26 Q1 FY27 Volume (MT) Segment Revenue (₹ crores) Product Mix (%) 8,030.98 9,582.01 12,711.95 3,338.13 FY24 FY25 FY26 Q1 FY27 Export Mix EBITDA Trend 870.77 816.97 1,040.21 284.60 42,140.95 36,684.64 43,012.89 53,417.70 FY24 FY25 FY26 Q1 FY27 EBITDA EBITDA/MT 3,605.91 2,318.85 2,669.51 685.13 44.90% 24.20% 21.00% 20.52% FY24 FY25 FY26 Q1 FY27 Export Export mix 1 1 Includes inter segment revenue * Profit before tax + Depreciation + Finance cost – Interest income + Unallocable expense net of unallocable other income * Corporate Presentation – July 2026 21 SEGMENTAL PERFORMANCE: OILS 5,37,862 5,79,642 6,31,985 1,29,085 FY24 FY25 FY26 Q1 FY27 Volume (KL) 4,836.93 5,086.40 5,373.07 1,700.87 FY24 FY25 FY26 Q1 FY27 Segment Revenue (₹ crores) 2,213.86 2,237.00 2,164.81 619.9 45.77% 43.98% 40.29% 36.45% FY24 FY25 FY26 Q1 FY27 Export Revenue Export Mix Export Mix 309.56 356.20 375.54 328.93 5,755.36 6,145.13 5,942.21 25,481.78 FY24 FY25 FY26 Q1 FY27 EBITDA EBITDA Trend 1 * 1 Includes inter segment revenue * Profit before tax + Depreciation + Finance cost – Interest income + Unallocable expense net of unallocable other income Corporate Presentation – July 2026 22 3,858.88 4,944.70 6,219.51 1,838.06 FY24 FY25 FY26 Q1 FY27 SEGMENTAL PERFORMANCE: CABLES 51% 437.99 497.97 632.95 194.10 11.35% 10.07% 10.18% 10.56% FY24 FY25 FY26 Q1 FY27 EBITDA EBITDA Mix EBITDA Trend Segment Revenue (₹ crores) Export Mix 1,477.95 1,533.88 2,022.43 506.40 38.30% 31.02% 32.52% 27.55% FY24 FY25 FY26 Q1 FY27 Export Export Mix 1 * 1 Includes inter segment revenue * Profit before tax + Depreciation + Finance cost – Interest income + Unallocable expense net of unallocable other income Corporate Presentation – July 2026 23 CUSTOMER MIX AND QUALITY OF RECEIVABLES FOR FY26 Range Particulars 29% - 30% Exports 18%-19% Industries/Corporate 14%-15% EPC Transmission companies 11%-12% OEMs 7%-8% Utilities Transmission companies 6%-7% Renewables 4%-5% Channel sales 3%-4% Specific Industry Group 2%-3% Utilities - Electricity Distribution Boards (Govt. + Pvt.) 1%-2% EPC - Diversified customer base across other verticals % of Total Particulars 50.40% Secured under various means 25.40% Government Transmission and sector specific companies 24.20% Others 100.00% Total Customer mix profile – FY 26 Quality of receivables – FY26 • Industries/Corporates includes Cosmetics, Pharma, Rubber, Plastics, Lubricants etc. • Specific industry groups includes Rail, Defence, Shipping, Mining, Telecom etc. • With change in customer mix, there is limited exposure to State owned electricity distribution boards Corporate Presentation – July 2026 24 ESG Corporate Presentation – July 2026 25 ESG

Received a ‘CareEdge-ESG 1’ rating, placing the Company in the leadership category for effective ESG risk management supported by robust disclosures, policies, and performance.

APAR set a new benchmark by securing 4-Star Platinum ratings under BEC 1500:2024, Excellence in Human Rights Practices FY 26 0.43 0.53 363,693 KL/MT Water Footprint Intensity tCO2e Scope-1 GHG emission KL/MT Water Intensity KL Water Consumption 5.52% % of energy consumed from renewable source 0.35 0.48 3,78,559 GHG Emission Intensity (scope 1+2) tCO2e Scope-2 GHG emission FY 25 48,222 1,38,693 0.256 39,329 1,22,479 0.260 6.00%