Nitco Ltd. — Investor Presentation 2026

May 19, 2026

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NITCO/SE/2026-27/11 May 19, 2026

To,

Corporate Service Department BSE Limited Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Script code:532722	The Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Script code:NITCO

Sub: Submission of Investor Presentation for Q4 FY 2026 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the Listing Regulations”), as amended, please find enclosed herewith the Investor Presentation for Q4 FY 2026 of the Company.

The said presentation is also being uploaded on the website of the Company at www.nitco.in.

Kindly take the above information on your records.

Thanking You,

Yours Sincerely, For Nitco Limited VIVEK Digitally signed by VIVEK PRANNATH PRANNAT TALWAR Date: 2026.05.19 H TALWAR 13:14:13 +05'30' Vivek Talwar Chairman & Managing Director DIN: 00043180

Encl.: As above

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Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: investorgrievances@nitco.in Website: www. nitco.in

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INVESTOR PRESENTATION
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Contents

1. Managing Director’s Message

2. Business Overview

3. Key Events in Q4 FY 26

4. Profit and Loss Statement

5. Growth Drivers and Projections

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1. Shareholding Pattern

INVESTOR PRESENTATION

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Managing Director’s Message 3

Managing Director’s Message

• ❑ This year delivered strong momentum for NITCO, with the marble business tripling in scale and strategic investments accelerating growth. FY26 recorded a 54% year-on-year revenue increase of its legacy business, reflecting growth with stronger execution

• ❑ The iDAC 2026 showcase highlighted NITCO’s premium marble offerings, introducing the design community to NITCO’s evolving marble portfolio. The exhibition featured an exclusive and wide selection of marble sourced from iconic quarries across the world, reflecting timeless luxury and contemporary surface design.

• ❑ NITCO continues to strengthen its retail footprint through new store 4

• launches, enhanced experience centres, and an expanding franchisee network across key markets. With a strong focus on improving customer experience and design-led retail, the brand remains committed to bringing world-class marble, tiles, and mosaic surfaces closer to architects, interior designers, and consumers

As we conclude FY 2025–26, NITCO continues to strengthen its focus across tiles, marble, and mosaic through premium product launches, industry exhibitions, and our national dealer launch initiatives. Alongside expanding our design-led offerings, we remain committed to growing our franchisee and retail network across India to further strengthen NITCO’s market presence.

We thank our shareholders, partners,

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• ❑ FY 27 will also bring exponential growth in in the emerging segment of real estate business

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INVESTOR PRESENTATION

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Business Overview

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About NITCO

A leader in the surface industry, known for its innovation, quality, and sustainability for more than 70 years Listed on the Bombay Stock Exchange (BSE) and National since 2006 Stock Exchange (NSE) Cutting-edge technology with nature-inspired designs, making us the preferred choice for architects, builders, and discerning clients 21+ countries Export to , setting new benchmarks in the global tile and marble industry 6 Marble sourced from 25+ countries directly from quarries directly from quarries

6 Marble sourced from 25+ countries directly from quarries directly from quarries 350+ active dealers, 9 exclusive Le Studio experience centers and 90+ franchise stores

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– Product portfolio Tiles, Marble and Mosaic under one roof

Marble

Tiles

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• In house design excellence ensuring superior and trend leading tile design

• Only automated Breton marble plant in India using Italian technology and amongst five such plants globally

• Top quality tiles

• Sourced from over 25 countries directly from quarries

• Premium differentiated brand of choice for Architects and Builders

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Emerging
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Real Estate

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• Owns several marquee land parcels, partners with leading developers and executes joint development agreements

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Mosaic

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• Only organized player with multisurface mosaic capability, enabling differentiated product offerings and market leadership

INVESTOR PRESENTATION

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Product portfolio

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Largest
Unique TRT
Superior
Network of production
Process of
designs and
300+ active capacity of
marble
best in
mosaic in
dealers for
covering
quality of
tiles organized
tiles 300+ designs
sector
Only brand
Expert in-
Pan India
house providing
Network
customization
design team
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State of Art – Marble plant at Silvassa

Cutting edge Mosaic plant at Silvassa

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Product portfolio
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Select Product Portfolio- Tiles
Glazed Double Ceramic Floor
Vitrified Tile Charge and Wall
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Select Product Portfolio- Marble
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Barmant Rosso Armani Cappolino
Maestro Marble Marble Quorzo Marble
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Select Product Portfolio- Mosaic
Mosaic Inlays
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– Real Estate The surface of luxury

• NITCO’s Real Estate division drives long-term value through strategic development and asset monetization of its extensive land portfolio across high-potential regions to transform prime acreage into thriving urban and luxury projects

• The company’s real estate initiatives unlock significant financial strength and support sustainable growth, complementing its core building materials business

Summary of Land Bank

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150+ acres - Mumbai
(Virar, Panvel, Goregaon, Thane and Kanjurmarg)
~3 acres - Pune
160+ acres - Alibaug
(Shreegaon Village, Karle, Lonare)
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~ 445+ acres
130+ acres - Khed
of land across
Maharashtra
~4 acres - Goa
and Goa
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Recent deals done

Thane Plot Monetization

01 Transferred its plot securing 7,459 sq.m of saleable area with an estimated ₹100 crore realization

Alibaug plot development

02

Signed a JDA with Total Environment, expected to yield ₹350 crores over 3 years

Upcoming pipeline over the next 24 months

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Lonare, Alibaug Thal, Alibaug
Poinad-Ambepur
Worli (Opera)
Pipeline
of
45+ acres
Mule, Alibaug Thane
Dhokawade &
Bodani, Alibaug
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NITCO has unlocked INR 58 crores in FY26 and targets unlocking substantial cashflow of ~ INR 1,000+ crores over the next 3-5 years

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Key Events in Q4 FY 26

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iDAC Expo 2026

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11 At the iDAC Exhibition, our participation was strategically focused on showcasing NITCO’s premium marble offerings to the architect and design community. The exhibition highlighted our wide range of curated and exotic marble surfaces, sourced from renowned quarries across the world, reinforcing NITCO’s positioning in highvalues surface design.

INVESTOR PRESENTATION

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Key event numbers

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• During the quarter, NITCO conducted 22 focused stakeholder engagements, comprising 4 Architect Meets , 15 DSM Meets , and 3 Mason Meets . These interactions enabled direct engagement with key decision-makers and influencers, strengthening relationships, increasing product awareness, and driving specification-led demand across markets.

• This momentum was further supported by the launch of 15 new stores , marking a significant expansion of the Le Studio in Kolkata and a new franchise store in Indore ,

• retail footprint. Key highlights include the opening of reinforcing presence in strategically important, high-growth regions.

• Collectively, these initiatives have enhanced brand visibility, deepened channel and stakeholder connect and strengthened NITCO’s positioning within the premium surfaces and design-led solutions segment.

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New experience center launch - KOLKATA

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• The Kolkata store relocation was a strategic move aimed at strengthening NITCO’s presence in a more premium and highpotential market. By shifting to a better catchment and more accessible location, the new store enhances brand visibility, improves customer experience, and aligns with evolving market dynamics.

• The relocation reflects NITCO’s focused approach towards optimizing its retail network for better productivity and long-term growth in key markets like Kolkata.

– Kolkata West Bengal

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New store launch - FRANCHISEE

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• This quarter, NITCO strengthened its retail footprint with the successful launch of 15 new stores across key markets in India.

• Among these, the newly opened location in Indore marks NITCO’s entry into the Madhya Pradesh market, representing a strategic expansion into a high-growth urban centre, enhancing brand visibility and customer accessibility.

• This expansion aligns with NITCO’s broader growth strategy of deepening market penetration, strengthening dealer networks, and delivering premium surface solutions closer to customers.

• The consistent rollout of new stores reflect strong execution capability and reinforces NITCO’s position as a leading player in the tiles, marble, and mosaic segment.

– Indore Madhya Pradesh

INVESTOR PRESENTATION

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‘ – Newly launched Tiles Collection Linear Structured Punch’

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AZUL MACAUBAS

BURBERRY DECOR

AVALLON SLATE

COLAB DECOR

• Collection Overview - A curated mix of marble-inspired elegance, nature-driven patterns, subtle textures, and contemporary geometrics, crafted to deliver a cohesive and versatile design offering.

• USP - A thoughtfully coordinated range that allows effortless pairing of materials, finishes, and patterns while maintaining a consistent premium visual language.

• Design Philosophy - Balances premium aesthetics with functional adaptability, enabling seamless integration across base surfaces, feature walls, and accent .

• elements across residential and commercial spaces

• Range Composition - Curated Surface Expressions includes a diverse mix of marble-inspired finishes, nature-led textures, and contemporary geometric patterns, offering flexibility across design styles and project scales.

• Application Versatility - Designed to support layered compositions, combining surfaces, décor elements, and textures to create depth, continuity, and spatial harmony.

• Design Aesthetics - Modern, Warm and Enduring reflects a contemporary design approach that integrates luxury, warmth, and visual depth, aligned with evolving architectural and interior trends.

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Branding Activities

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Franchisee opening

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Van Branding

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Branding Activities

Mason meets

Correct installation methods and practices Sales and technical support guidance

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Detailed explanation of tile specifications

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Architect & Engineers meets

Tile engineering and design fundamentals

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Design led technical product explanation

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Design, durability, and compliance discussion

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INVESTOR PRESENTATION

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Profit and Loss Statement

Financial Performance of Tiles, Marble and Mosaic Business

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600 30%
28%
24%
500 25%
20%
400 20%
300 15%
481
200 10%
323
312
100 5%
- 0%
FY 2024 FY 2025 FY 2026
Tiles, Marble and Mosaic Segment Gross Margin %
Revenue in INR Crs
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160 29% 30%
28%
27% 27% 27%
26%
140
25%
22%
120
20%
100
80 15%
152
131
60
107 10%
93 91
84
40
65
5%
20
- 0%
Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26
Tiles, Marble and Mosaic Segment Gross Margin %
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• ➢ YoY Revenue grew by 54% from FY25 to FY26 and 63% from Q4 FY 25 to Q4 FY 26. QOQ revenue grew by 16% from Q3 FY26 to Q4 FY26

• ➢ The growth is supported by debt restructuring, working capital infusion, and fund-raising support by Authum

• ➢ Additionally, the company recorded INR 58 crores from the real estate business in FY26 (not included above)

INVESTOR PRESENTATION

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In INR Crores

– Profit & Loss Statement Company

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Particulars		Q4 FY26	Q4 FY 25	YoY (%)	Q4 FY26	Q3 FY 26	QoQ (%)	FY 26	FY 25	YoY (%)
Revenue from operations		151.75	92.93	63%	151.75	131.18	16%	539.71	311.77	73%
Other Income		1.44	9.81	-85%	1.44	1.75	-17%	8.36	12.97	-36%
Total Income		153.19	102.74	49%	153.19	132.92	15%	548.08	324.74	69%
Expenditure
Cost of Materials Consumed		31.63	12.76	-148%	31.63	24.31	-30%	87.85	37.80	-132%
Purchase of Stock In Trade		77.32	55.11	-40%	77.32	69	-12%	259.27	197.70	-31%
Salary, Wages & Others		19.04	14.18	-34%	19.04	17.53	-9%	66.75	53.80	-24%
Employee Stock Options		1.39	-	100%	1.39	1.42	2%	9.18
Depreciation		1.67	2.99	44%	1.67	1.51	-11%	-8.35	187.22	104%
Finance Cost		1.54	2.31	33%	1.54	1.06	-45%	4.68	66.29	93%
Other Expenses		26.97	17.34	-56%	26.97	24.71	-9%	90.49	56.30	-61%
Total Expenses		159.55	104.68	-52%	159.55	139.54	14%	509.85	599.11	-15%
EBITDA – Excluding ESOP expenses		-1.76	3.36	-152%	-1.76	-2.63	33%	43.73	-20.86	310%
EBITDA Margin (%) – Excluding ESOP expenses		-1.2%	3.3%		-1.2%	-2%		8.0%	-11%
EBIDTA		-3.15	3.36	-194%	-3.15	-4.05	22%	34.55	-20.86	266%
EBITDA Margin (%)		-2.1%	3.3%		-2.1%	-3%		6.3%	-11%
Reported PBT before exceptional item		-6.36	-1.94	-228%	-6.36	-6.62	4%	38.22	-274.37	114%
Exceptional items – gain/(loss)	~~2~~	-	-		-	-4.00	-100%	-4.00	-461.85	99%
Reported PAT		-6.36	-1.94	-228%	-6.36	-10.62	40%	34.22	-736.22	105%

Notes:

1. Exceptional item in the profit & loss statement for Q3 FY 26 includes financial implication from the changes to the employee benefit plans arising from legislative amendments referred to as the “new labour code”. Hence, one-time additional provision of INR 4 Cr is made towards increase in gratuity and leave liability.

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Growth Drivers & Projections

Growth drivers and projections for Tiles, Marble and Mosaic

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Projections –”P” (in INR Crores)
Enhanced Brand 12%
1,000 Process Efficiency
Presence
10% 10%
750
Strengthened brand 8% 8% Workflow automation and
600
awareness through digital integration.
481 6% 6%
influencer campaigns and 450
showroom experiences. 4%
2%
0%
0% Setting up POS 2.0
Channel Expansion FY 26 FY 27 FY 28 FY 29 (Silvassa)
Revenue (P)
Revenue (Actual)
EBITDA (%) - P
Expand to 1200+ Establish a next-
dealer network in generation Point of Sale
next 2-3 years (POS 2.0) at a strategically
across key Tier-2 favorable Silvassa location
and Tier-3 cities
Key Account Channel Innovation
Business Expansion in Retail Formats
• Focus on builders, Roll out new retail
developers, and formats (e.g., concept
New Product
institutional buyers studios or digital-first
Introduction
• Received LoIs from outlets)
Prestige Estates &
Launch new product
Lodha Group for orders
lines in premium, digital,
worth ~INR 347 crores
and designer segments
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Shareholding Pattern

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Shareholding

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Shareholding Pattern on fully diluted basis as on March 31, 2026 (Post conversion of warrants)

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20%
33%
47%
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Promoter and Promoter Group Authum Investment And Infrastructure Limited Others

Authum Investment & Infrastructure Ltd (“Authum”)

• Authum is a listed NBFC having net worth of ~ INR 16,028 crore as on December 31, 2025

• It deals in long term equity investments, strategic investments, financial investments and is also diversifying into a fully integrated credit platform

• Authum joined as a financial investor, restructured the company’s debt, infused working capital, and supported fund-raising efforts, effectively addressing post-COVID capital structure challenges

Source: NSE, As on March 31, 2026

INVESTOR PRESENTATION

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Board of Directors and Management Team

Management Team

Board of Directors

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Mr. Vivek
Talwar
Mr. Vivek Talwar Promoter, Chairman
& Managing Director
Promoter, Chairman
& Managing Director
Mr. Amit
Dhawan
Ms. Poonam Talwar Senior Advisor and
Consulting Partner
Promoter & Non-Executive Director
30+ years of global leadership experience across
staffing, logistics, security & business services
Dr. Ajaybir Singh Jasbir
Singh Bakshi Mr. Kamal Mr. Diviyang Ms. Anikaa
Abrol Chheda Wasan
Independent Director Chief Financial President - Operations Director - Sales
Officer (Marble)
Mr. Harsh Kedia 30+ years of leadership experience across global 31+ years of experience across building 10+ years of professional experience,
finance, strategic transformation, and fintech with materials, retail, and office supplies including 8+ years of specialized expertise in
organizations including G4S plc, IndiGo, and TRC the marble and natural stone sector.
Independent Director Securities.
Ms. Priyanka Agarwal
Independent Director
Mr. Subrata Basu
Mr. Ajeet Kumar Singh Mr. Bhavin Chikhal
Vice President – Vice President – Vice President –
Marketing Sales (Tiles) Sales (Marble)
Mr. Santhosh Kumar Shet
20+ years of experience, combining marketing, 20+ years of experience in the marble
Independent Director 22+ years of leadership experience across
sales, and business management expertise to industry having come from one the largest
reputed organizations
build brands Marble companies in India
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Ms. Rupali
Kambli
Company Secretary &
Compliance Officer
11+ years of experience with expertise in
corporate governance, regulatory
compliance, risk management, and
shareholder relations
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Mr. Gourav Roy Chowdhury
General Manager
- Information Technology
18 years of experience across the retail and
manufacturing industries.
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Disclaimer

• This Corporate Presentation has been prepared by NITCO Limited (“Nitco”) solely for informational purposes and does not constitute a prospectus, statement in lieu of a prospectus, letter of offer or placement memorandum or an offer to purchase or sell securities under the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 or any other applicable law, as amended from time to time. This document should not be construed as legal, financial, accounting, tax, or investment advice.

• This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein.

• The information and opinions contained herein are provided as of date of this presentation and are subject to change without further notice. This presentation has been prepared by the Company based upon the company’s data and/or information available in the public domain. This presentation has not been approved and will not be reviewed or approved by any statutory or regulatory authority in any jurisdiction including India or by any stock exchange in India.

• Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to the general business plans and strategy of Nitco, its future financial condition and growth prospects, future developments in its industry and its competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, etc., or similar expressions or variations of such expressions. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements as a result of various factors and assumptions, including future changes or developments in its business, its competitive environment, information technology and political, economic, legal, regulatory, environmental and social conditions in India. The Company, its directors, employees, or advisors assume no liability for any loss arising from the use of this presentation or its contents. Nitco undertakes no obligation to publicly update or revise any forward-looking statements, whether due to future developments, new information, or otherwise.

• Further, no representation or warranty expressed or implied is made nor is any responsibility of any kind accepted with respect to the completeness or accuracy of any information. Also, no representation or warranty, express or implied, is made that such information remains unchanged in any respect as of any date or dates after those stated herein with respect to matters concerning any statement made in this presentation.

• This presentation cannot be copied and disseminated in any manner. No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of Nitco.

• This presentation and its contents are confidential and are provided to the recipient solely for internal evaluation. Distribution, reproduction, or disclosure, in whole or in part, without prior written consent of Nitco is strictly prohibited.

• All trademarks, logos, product names, and brand elements appearing herein are the property of Nitco Limited or their respective owners. Unauthorized use or reproduction is prohibited.

• Nothing contained in this presentation shall create any contractual or legal obligation on the part of Nitco to proceed with any transaction or course of action.

• Certain information herein may have been sourced from third parties. While such sources are believed to be reliable, Nitco does not independently verify and disclaims any responsibility for their accuracy.

• This presentation and its contents shall be governed by and construed in accordance with the Laws of India, and any dispute shall be subject to the exclusive jurisdiction of the Courts at Mumbai.

Confidential - For Limited Circulation

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Corporate Office

NITCO House Sheth Govindram Jolly Marg, Kanjurmarg East, Mumbai 400042

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