IKIO Technologies Ltd

Schedule of Analyst/Institutional Meetings

• Aug 27, 2026: meeting with Xponentia Capital Partners (Virtual, 2:00–3:00 PM).
• Aug 27, 2026: meeting with Trident Growth Partners (Virtual, 3:30–4:30 PM).
• Q4FY26 & Q1FY27 investor presentation is public and will be used.
• Note: changes may occur due to exigencies.

Issue Overview

• IPO of equity shares; net proceeds revised from initial to revised amount.
• Main objectives: debt repayment, investment in subsidiary for a new facility, general corporate purposes.

Utilisation of Proceeds

• Utilisation aligned with disclosures; investment in wholly owned subsidiary for Noida facility.
• Net proceeds revised; delays observed in implementing Noida facility.
• Object 1 fully utilised; Object 2 partially utilised with remaining unutilised; Object 3 largely utilised with small residual.
• Unutilised funds parked in fixed deposits and in monitoring and object accounts.

Governance & Compliance

• All government/statutory approvals for the objects obtained.
• Board approvals include leasing premises to accelerate production and annual net-proceeds utilization plan.
• Delays due to procurement, asset operationalisation, and licensing; no major adverse events reported.

GCP

• GCP utilization reported; board approval obtained for allocation.

Meeting Details

• Event type: Analyst/Investor Meet; issued as Company Update.

Business Overview

• IKIO is an ODM of energy-efficient lighting and electronic solutions.
• Pivot to integrated technology with hearables, wearables, energy solutions, and automotive lighting.
• Global footprint expanded to 20+ countries; overseas revenue up 53% YoY to Rs 1,101 Mn.
• IPO-funded greenfield expansion adds ~5 lakh sq ft capacity.
• Block I commercialized; Block II partially commercialized; Block III planned.
• Non-lighting revenue (Other Business) up 53% YoY to Rs 1,244 Mn.
• In-house R&D and backward integration support margin expansion.
• 3,000+ SKUs across 5 facilities; in-house design team ~50.

Key Operational Highlights

• Q1FY27 revenue from operations Rs 1,693 Mn, up 41% YoY.
• Other Business revenue Rs 1,244 Mn, up 53% YoY.
• Home Lighting - ODM revenue Rs 448 Mn, up 16% YoY.
• Gross margin in Q1FY27 was 41.2%.
• EBITDA for Q1FY27 was Rs 220 Mn; margin 13.0%.
• PAT for Q1FY27 was Rs 110 Mn; margin 6.5%.
• EPS (diluted) for Q1FY27 was Rs 1.39.
• FY26 revenue reached Rs 5,953 Mn, up 23% YoY.

Financial Performance

• FY26 gross profit Rs 2,394 Mn; gross margin 40.2%.
• FY26 EBITDA Rs 775 Mn; EBITDA margin 13.0%.
• FY26 PBT Rs 530 Mn; tax Rs 114 Mn; PAT Rs 416 Mn.
• FY26 PAT margin 7.0%; diluted EPS Rs 4.87.
• Cash and cash equivalents Rs 576 Mn; total current assets Rs 4,137 Mn.
• Total equity Rs 6,094 Mn; total assets Rs 7,672 Mn.
• Inventories Rs 2,011 Mn; debtors Rs 1,330 Mn.
• Current borrowings Rs 399 Mn; non-current borrowings Rs 13 Mn.
• Capital work-in-progress Rs 956 Mn.

Capital Structure & Liquidity

• IPO proceeds financed greenfield expansion of ~5 lakh sq ft.
• Current borrowings Rs 399 Mn; non-current borrowings Rs 13 Mn.
• Lease liabilities Rs 236 Mn (Mar-26).
• Inventories rose to Rs 2,011 Mn; cash balance fell to Rs 576 Mn.
• Capital work-in-progress stood at Rs 956 Mn.

Strategic Priorities & Outlook

• Diversify revenue mix; shift to integrated technology across segments.
• Capex plan: ~5 lakh sq ft expansion; Block II/III adding ~3 lakh sq ft.
• Global footprint expanded to 20+ countries; overseas revenue growth remains a driver.
• Other Business CAGR ~54% FY23-FY26; Q1FY27 growth ~53% YoY.
• Backward integration and in-house R&D to sustain margins.

Governance & Leadership

• Hardeep Singh – Chairman and MD; Surmeet Kaur – Whole-time Director.
• Sanjeet Singh – CEO and CFO.
• Independent Directors: Chandra Sekhar Verma, Rohit Singhal, Kishor Kumar Sansi, Madhu Pandit.

MoU overview

• MoU with Frontline Solutions (Saudi Arabia) and Royalux FZCO (UAE) for strategic lighting partnership.
• Purpose: jointly identify, develop, deliver premium lighting solutions in Saudi Arabia.
• No fixed monetary value or minimum order commitment; financial value not determinable at this stage.
• MOU valid for 1 year from signature, renews by mutual agreement; termination with 90 days' notice.
• Not a related-party transaction; no promoter/group relationship; no share issuance.
• Scope includes business development, client engagement, design, engineering, submittals, manufacturing, installation, warranty, training, marketing.
• Strategic goal to expand IKIO lighting offerings in Saudi Arabia.
• Date of information: 10 August 2026.

Key financials

• Board approved unaudited standalone and consolidated results for quarter ended 30-Jun-2026.
• Standalone revenue from operations: Rs 4,804 million; standalone PAT: Rs 4,511 million.
• Standalone PBT: Rs 3,880 million; standalone EPS: Rs 0.58 (basic and diluted).
• Consolidated revenue from operations: Rs 1,602.89 million; consolidated PAT: Rs 110.46 million.
• Consolidated EPS: Rs 1.40 (basic); Rs 1.39 (diluted).
• Total comprehensive income: standalone Rs 4,511 million; consolidated Rs 109.06 million.
• IPO proceeds: Rs 3,261.41 million.
• Utilisation: debt repayment and capex; unutilized funds parked in bank deposits.
• Primary business: Manufacturing of LED Lighting.
• Standalone results: reviewed by Audit Committee; Board approved Aug 8, 2026.
• Consolidated results: reviewed by Audit Committee; Board approved Aug 8, 2026.

AGM Details

• Date, time, and mode: 30 July 2026 at 3:30 PM IST, via VC.
• Cut-off date for voting rights: 23 July 2026.

Key Resolutions

• Resolution 1: Adopt standalone financial statements for FY 2025-26.
• Resolution 2: Adopt consolidated financial statements for FY 2025-26.
• Resolution 3: Re-appoint Hardeep Singh as director.
• Resolution 4: Appoint M/s Agarwal & Saxena as statutory auditors.
• Resolution 5: Approve commission to non-executive independent directors for FY 2025-26.
• Resolution 6: Appoint Madhu Pandit as Executive Women Independent Director.

Voting Results

• Resolution 1: Passed; 99.999% in favour, 0.001% against.
• Resolution 2: Passed; 99.999% in favour, 0.001% against.
• Resolution 3: Passed; 99.999% in favour, 0.001% against.
• Resolution 4: Passed; 99.999% in favour, 0.001% against.
• Resolution 5: Passed; 99.997% in favour, 0.003% against.
• Resolution 6: Passed; 99.999% in favour, 0.001% against.

Director Changes

• Hardeep Singh re-appointed as director.
• Madhu Pandit appointed as Executive Women Independent Director.

AGM details

• AGM held on July 30, 2026 at 3:30 PM IST via Video Conferencing (VC/OAVM).
• Mode: VC/OAVM; no physical venue.
• Cut-off date for voting rights: July 23, 2026.
• Remote e-voting period: July 27–29, 2026; voting allowed at AGM.
• Notice dispatched electronically on July 7, 2026.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopt standalone financial statements for year ended March 31, 2026 — Passed.
• Resolution 2 (Ordinary): Adopt consolidated financial statements for year ended March 31, 2026 — Passed.
• Resolution 3 (Ordinary): Re-appoint Hardeep Singh as director by rotation — Passed.
• Resolution 4 (Ordinary): Appoint M/s Agarwal & Saxena as statutory auditors — Passed.
• Resolution 5 (Ordinary): Approve payment of commission to non-executive independent directors for FY 2025-26 — Passed.
• Resolution 6 (Ordinary): Appoint Madhu Pandit as executive women independent director — Passed.

Director changes

• Hardeep Singh re-appointed as director.
• Madhu Pandit appointed executive women independent director (DIN: 11653915).

Auditors

• Statutory auditors: M/s Agarwal & Saxena appointed.

Dividend

• Dividend: No dividend proposed or approved.

Material related party transactions

• No material related party transactions approved.