Carysil Ltd

TRQ clarification

• TRQ applies to specified quartz surface products; Carysil sinks are separate.
• Carysil quartz kitchen sink exports do not fall within TRQ products.
• No direct impact on Carysil's quartz sink exports expected from TRQ.
• Company will monitor developments and inform stakeholders of material changes.
• No immediate revenue or operational impact expected.

Meeting Details

• Date: August 11, 2026
• Type/Mode: group virtual earnings conference call
• Event/Organizer: Carysil Limited Q1 FY27 Earnings Conference Call; Go India Advisors
• Key participants: Chairman & Managing Director; Executive Director & Group CFO
• Purpose: discuss Q1 FY27 unaudited results and investor questions
• Transcript/Recording: conference was recorded; transcript enclosed; presentation available on website and stock exchanges

Meeting Details

• Earnings call held on August 11, 2026; audio recording uploaded to Carysil website.

Mode & Type

• Virtual group investor call for earnings discussion.

Event / Organizer

• Event: investor conference and earnings call; organizer: Carysil Limited.

Participants

• Key company participant: Company Secretary & Compliance Officer.

Purpose

• Purpose: earnings results discussion and investor interaction.

Availability

• Transcript will be shared with stock exchanges and uploaded on the website in due course.

Business Overview

• Core business is premium kitchen solutions across Quartz Sinks, Stainless Steel Sinks, Kitchen Appliances, and Faucets.
• Strategic focus on premiumisation, design-led innovation, domestic expansion, and global partnerships to strengthen growth.

Operational Highlights

• Quartz Sink capacity expanded to 1.25 million units per annum, commissioning by end-FY27.
• Stainless-Steel sink capacity added 70,000 units annually; total 250,000; utilization at 94% in Q1 FY27.
• Kitchen Appliances capacity expanded to 100,000 units; commercial operations expected by end-FY27.
• Faucets capacity expanded to 100,000 units; commissioning by end-FY27.
• Domestic contribution rising from 28% to 33%.
• Exports to 55+ countries; partnerships with Sternhagen and IKEA; global footprint expanding.
• Launched Gurugram Experience Centre; openings in Muscat, Pune, Indore, Ahmedabad; omnichannel Carysilshop.com.

Financial Performance

• Standalone revenue for Q1 FY27 Rs 137.2 crore, up 9.8% YoY.
• Standalone total income Rs 139.7 crore, up 11.5% YoY.
• Standalone EBITDA Rs 33.0 crore; margin 23.6%.
• Standalone PAT after tax Rs 18.9 crore; PAT margin 13.5%.
• Consolidated revenue Rs 262.1 crore, up 15.5% YoY.
• Consolidated EBITDA Rs 56.0 crore; margin 21.2%.
• Consolidated PAT after MI Rs 31.4 crore; margin 11.9%.
• Standalone EPS Rs 6.63; Consolidated EPS Rs 11.05.

Capital Structure & Liquidity

• Standalone borrowings Rs 8.8 crore; balance sheet liquidity improving.
• Consolidated borrowings Rs 222.5 crore; cash and cash equivalents Rs 7.6 crore end-FY26.
• FY26 cash from operations Rs 109.5 crore standalone; Consolidated Rs 141.5 crore.

Strategic Priorities & Outlook

• Domestic business expected to grow 3x in next 3-4 years.
• Capex focused on Quartz, stainless steel, appliances, and faucets capacity expansion.
• Strengthen international footprint via partnerships; premiumisation and design-led product development.
• Marketing investments include Mira Kapoor campaign and expanded experiential centres; omnichannel growth.

Risks & Mitigation

• Risks include earnings fluctuations, growth-management challenges, competition, and regulatory changes.

Governance & Leadership

• Board includes Chirag Parekh as Chairman and MD; independent directors Katja Larsen and Pradyumna Vyas.
• Executive Director and CFO Anand Sharma; other directors Prabhakhar Dalal, Rustam Mulla, Dr. Savan Godiawala.

Meeting Details

• Date: August 13, 2026
• Type: One-on-one / Group Meeting
• Conference: Equirus India Growth Summit
• Location: Sofitel BKC, Mumbai
• Mode: Physical
• Purpose: Participation in Analyst/Investor Conference
• Participants: Company management (roles not disclosed)

Issue Overview

• Type of issue: QIP of equity shares.
• Issue size ₹125 crore; net proceeds ₹121.65 crore after IRE.
• Net proceeds revised due to higher IRE (₹0.05 crore).
• Objectives: capex, working capital, general corporate purposes.

Utilisation of Proceeds

• Utilisation aligned with offer document; no material deviation.
• No change in means of finance; approvals obtained.
• Capex: end-quarter utilisation ₹36.04 crore; unutilised ₹26.46 crore; ongoing.
• Working capital: fully utilized (₹31.25 crore); NIL unutilised.
• GCP: fully utilized (₹27.90 crore).
• Board approved extension of capex utilization timeline to 31 Mar 2027.
• Unutilised funds ₹26.46 crore parked in FDs and cash accounts.
• Vendor substitutions: ~11% via alternate vendors; not material deviation.

Governance and Compliance

• Approvals: All statutory/government approvals obtained.
• Board resolution approved extension of utilization timeline (Mar 2026).
• No adverse or regulatory events noted.
• No other material information affecting investor decision.

General Corporate Purpose (GCP)

• GCP used: ₹27.90 crore across five sub-heads.
• GCP allocations: Advertising 2.22; USA loan 2.81; Right issue 4.25; Suppliers 18.20; Sales promo 0.42.
• Board approval for GCP allocation not explicitly indicated.

Unaudited results

• Board approved standalone and consolidated unaudited results for quarter ended 30 June 2026.
• Limited Review Reports attached; extract to be published as per SEBI Regulations.

Management change

• Rhea Parekh promoted from VP Intl Marketing to SVP Intl Marketing, effective 1 Oct 2026.
• Subject to the approval of the Members at the ensuing AGM.

Corporate guarantee

• Enhanced corporate guarantee to HDFC Bank by Rs 18 crore, aggregate Rs 55.10 crore, for Carysilnox Ltd.
• Corporate guarantee disclosed as contingent liability; no adverse impact expected.

AGM & trading window

• 39th AGM fixed for Sep 22, 2026 at 3:00 PM via VC/OAVM.
• Trading window for designated persons reopens Aug 13, 2026.

Audit & disclosures

• Independent auditor reviews completed for standalone and consolidated results; no material misstatement found.
• Annexure I discloses guarantee details and promoter interest; arm's-length basis.

Publication

• Extract of unaudited results to be published in newspapers per SEBI Regulations.

Meeting Details

• Date and time: Aug 11, 2026, 04:00 PM IST.
• Type/Mode: Earnings conference call, virtual group call.
• Organiser: Go India Advisors.

Participants

• Chairman & Managing Director will participate.
• Executive Director & Group CFO will participate.

Purpose

• Discuss Q1 FY27 operational and financial performance.

Additional Notes

• Audio recording and transcript will be published on Carysil's website.