Poly Medicure Limited
Regd. Office: 232 B, 3rd Floor, Okhla Industrial Estate,
Phase-III, New Delhi - 110 020 (INDIA)
T: +91-11-33550700, 47317000
E: [email protected] W: polymedicure.com
CIN: L 40300DL1995PLC066923

POLYMED

Date: 25th May, 2026

Scrip Code: - 531768

The Manager,
BSE Limited,
Department of Corporate Services,
Phirozee Jeejeebhoy Towers,
Dalal Street, Mumbai- 400001.

Scrip Code:- POLYMED

The Manager
National Stock Exchange of India Limited
Exchange Plaza, Plot No. C/1-Block-G
Bandra Kurla Complex, Bandra(E),
Mumbai-400051.

Sub: Submission of Revised Investor’s Presentation

Dear Sir/Madam,

Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Revised Investor’s Presentation with respect to Audited Financial Results (Standalone & Consolidated) for Fourth Quarter and Financial Year ended on March 31, 2026.

The same is also available on the website of company i.e. www.polymedicure.com.

Request you to take the same on records.

Thanking You,
Yours Sincerely

For Poly Medicure Limited

AVINASH CHANDRA
Digitally signed by AVINASH CHANDRA
Date: 2026.05.25 18:29:27 +05'00'

Avinash Chandra
Company Secretary
M. No. A32270

Plants : Plot No.104-105 & 115-116, Sector-59, HSIIDC Industrial Area, Ballabgarh, Faridabad - 121004, Haryana (INDIA) Plot No. 33-34, Sector-68, IMT, Faridabad-121004, (Haryana) INDIA T: +91-129-4287000, 3355070,

POLYMED

PlantHealth

PendraCare

citieffe®

Essential moves in Trauma

Investor Presentation

Q4 & FY26 Results

Poly Medicare Ltd.
25th May 2026

Disclaimer

This presentation has been prepared by Poly Medicare Limited (the "Company"), content of which was compiled from sources believed to be reliable for informational purposes only and are based on information regarding the Company and the economic, regulatory, market and other conditions as in effect on the date thereof. Subsequent developments may impact the information contained in this presentation, which neither the Company nor its advisors or representatives are under an obligation to update, revise or affirm. Contents in the Presentation do not constitute or form part of an offer or invitation for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation thereto in India, the United States or any other jurisdiction. Prospective and existing investors should make their own evaluation of the Company as the information provided here does not purport to be all inclusive or to contain all of the information a prospective or existing investor may desire. Interested parties shall conduct their own due diligence and investigation on the information, before relying and acting thereon. Company makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any omissions from, this information or any other written or oral communications transmitted to the recipient in the course of its evaluation of the Company. This presentation may contain certain "forward looking statements", which are based on certain assumptions and expectations of future events. Actual future performance, outcomes and results may differ materially from those expressed in forward looking statements as a result of a number of risks, uncertainties and assumptions. Though such forward looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met. Neither the Company nor any of its advisors or representatives assumes any responsibility to update forward-looking statements or to adapt them to future events or developments.

POLYMED

Q4 and FY 26 Performance Summary and Key Updates

Figs in Rs. Crs unless specified
Margin, %

Standalone Performance Summary Q4 FY26 & 12M FY26

Revenue

Gross Profit

Operating EBITDA¹

| No of Patents
348 | Cash & Cash Equivalents
796.8 | RoCE²
17.4% | RoIC³
21.4% |
| --- | --- | --- | --- |

Gross Margin expansion by 130 bps in FY26 led by improving product mix and cost optimization initiatives
Standalone EBITDA margin close to the higher end of the range of guidance (25% -27%) provided at the beginning of the FY

¹Excludes Other Income
²ROCE is calculated as (EBIT/ Average Capital employed); Average capital employed excludes remaining QIP funds & EBIT excludes related treasury income and one-time Labour Code impact,
³Refer Slide no.15 for calculation of Return on Invested Capital

4
POLYMED

Figs in Rs. Crs unless specified
Acquisition Impact
Margin, %

Consolidated Performance Summary Q4 FY26 & 12M FY26

Revenue

Gross Profit

Operating EBITDA¹

Q4 EBITDA was impacted by
- Consolidation of acquisitions done during FY 26
- One time provision impact of certain regulatory and employee costs in the subsidiary

No of Patents
399

Cash & Cash Equivalents
842.2

¹Operating EBITDA for FY 26 excludes the impact of acquisition related expenses of Rs 9.7 cr; excludes Other Income but includes share of income from associate company.
Q4 & FY26 financials include consolidation impact of PendraCare Group (23 Sep 2025 onwards) and Citieffe Group (07 Nov 2025 onwards)

POLYMED

FY 26: Improving Sequential Revenue Trajectory

Figs in Rs. Crs unless specified

Standalone Revenue

Consolidated Revenue

H1 to H2 revenue growth of 21% in-line with the guidance provided

Sustained efforts on customer engagement and pricing related changes reflected improving revenue performance despite challenging external environment
Acquisitions of Citieffe and Pendracare Group creating roadmap for future growth in high-end technology segments

1 Q2, Q3 and Q4 FY26 financials include consolidation impact of PendraCare Group (23 Sep 2025 onwards) and Citieffe Group (07 Nov 2025 onwards)

POLYMED

Key Updates

| Key Business Updates | • As of 30th April’26, cumulative stent deployments surpassed ~11K units; commercial sales of DEB initiated with positive clinician feedback
• Successfully achieved sales of 450 dialysis machines during FY26; total installed base of ~1000 machines
• PACIFIER- (DES - Clinical Registry of 2000 patients) 650+ Patients enrolled. Patient enrollment to be completed in FY27
• Acquired Medyneo — Brazil based medical device co. that holds necessary registrations and other operating licenses to commercialize operations |
| --- | --- |
| Financial Highlights | • Consolidated Q4 FY26 revenue growth 21.3%; Q4 FY26 Domestic revenue growth 25.0% and International revenue grew by 19.4%;
• Consolidated FY26 revenue growth 12.3%; FY26 Domestic revenue growth 19.6% and International revenue grew by 9.3%
• Highest ever standalone quarterly revenue in Q4 FY 26
• FY 26 Standalone Operating EBITDA at 26.8%, near the upper end of 25-27% guidance range; FY26 Consolidated Operating EBITDA margin at 24.4%,
• Adequate liquidity of Rs 842.2 Crs as at Mar 31, 2026; Capex spend of Rs. 296 Crs in FY 26 |
| Product Launches & R&D | • 35 products launched in FY26
• R&D team strength of ~90 across India, Italy and Netherlands |
| ESG | • Achieved ~8% reduction in scope 2 emissions compared to FY24-25 through increase utilization of solar and renewable energy PPA
• ~70% facilities are certified under ISO 14001:2015 |
| Awards | • Recently received “Custodian Award for Best CSR Initiative in Healthcare, Education and Social Welfare” by Medgate Today
• Poly Medicare awarded “Emerging Medical Devices Company of the Year in Cardiology” at VOH BEAT 2025 |

POLYMED

Financial Performance Analysis

Standalone Financial Performance Summary

Figs in Rs. Cr. unless specified

Particulars	Q4 FY 26	Q4 FY 25	YoY Growth %	FY 26	FY 25	YoY Growth %
Revenue from Operations	443.0	421.0	5.2%	1,662.5	1,601.8	3.8%
Cost of Good Sold	147.9	143.9	2.7%	530.5	531.8	(0.2%)
Gross Profit	295.2	277.1	6.5%	1,132.0	1,070.0	5.8%
Gross Profit %	66.6%	65.8%	81bps	68.1%	66.8%	128bps
Employee Benefit Expenses	78.1	72.0	8.5%	313.1	280.1	11.8%
R&D Expenses	7.7	6.5	18.6%	29.8	24.0	24.2%
Other Expenses	88.3	82.4	7.1%	342.9	320.0	7.1%
Total Expenses	321.9	304.8	5.6%	1,216.4	1,155.9	5.2%
Operating EBITDA	121.1	116.2	4.2%	446.1	445.9	0.0%
EBITDA %	27.3%	27.6%	(26bps)	26.8%	27.8%	(100bps)
Other Income	15.1	23.9	(36.9%)	119.9	89.8	33.6%
Extra-ordinary expense*	-	-		6.8	0.0
Depreciation	25.5	21.5	18.8%	97.9	81.4	20.3%
Finance Cost	3.9	2.2	79.6%	13.4	11.4	17.8%
PBT	106.8	116.5	(8.3%)	447.9	442.9	1.1%
Tax	26.2	29.8	(12.2%)	111.9	111.6	0.3%
PAT	80.6	86.7	(7.0%)	336.0	331.3	1.4%
PAT %	17.6%	19.5%	(188bps)	18.9%	19.6%	(73bps)
EPS - Basis	8.0	8.4	(5.4%)	33.2	33.4	(0.7%)
EPS – Diluted	8.0	8.4	(5.4%)	33.1	33.4	(0.8%)

*Basis Labour Codes notification (21 Nov 2025), a provision of Rs. 6.8Cr for past service gratuity & compensated absences has been recognized as an "Extraordinary Expense" for FY26 Re- classification has been done wherever necessary

POLYMED

Consolidated Financial Performance Summary

Figs in Rs. Cr. unless specified

Particulars	Q4 FY 26	Q4 FY 25	YoY Growth %	FY 26	FY 25	YoY Growth %
Revenue from Operations	534.5	440.8	21.3%	1,875.3	1,669.8	12.3%
Cost of Good Sold	178.2	148.1	20.3%	596.8	555.4	7.4%
Gross Profit	356.3	292.7	21.8%	1,278.4	1,114.4	14.7%
Gross Profit %	66.7%	66.4%	27bps	68.2%	66.7%	143bps
Employee Benefit Expenses	126.1	78.9	59.9%	402.3	301.5	33.4%
R&D Expenses	6.7	6.5	4.1%	29.9	24.0	24.4%
Other Expenses	113.1	87.7	28.9%	394.3	335.4	17.5%
Total Expenses	424.1	321.2	32.0%	1,423.2	1,216.4	17.0%
Share of Profit of an associate	1.7	2.3	(24.9%)	5.7	5.2	9.7%
Operating EBITDA	112.1	121.9	(8.0%)	457.7	458.6	(0.2%)
Operating EBITDA %	21.0%	27.6%	(667bps)	24.4%	27.5%	(305bps)
Other Income	17.8	24.3	(27.0%)	120.1	89.1	34.7%
Extraordinary Expense*	0.0	0.0		6.8	0.0
Acquisition Related Expenses				9.7	0.0
Depreciation	38.2	21.2	80.6%	115.5	83.2	38.9%
Finance Cost	6.4	2.2	195.7%	18.3	12.0	52.5%
PBT	85.2	122.8	(30.6%)	427.5	452.5	(5.5%)
Tax	20.2	31.0	(34.9%)	106.7	114.0	(6.3%)
PAT	65.0	91.8	(29.2%)	320.7	338.6	(5.3%)
PAT %	11.8%	19.7%	(796bps)	16.1%	19.2%	(317bps)
EPS - Basis	6.5	8.9	(26.7%)	31.8	34.1	(6.9%)
EPS - Diluted	6.5	8.9	(26.8%)	31.8	34.1	(6.9%)

POLYMED

Consolidated Sales Performance Analysis

Figs in Rs. Crs unless specified

Particulars	Q4 FY 26	Q4 FY 25	YoY Growth %	FY 26	FY 25	YoY Growth %
Domestic	168.7	135.0	25.0%	581.7	486.3	19.6%
International	361.9	303.0	19.4%	1,280.2	1,170.9	9.3%
Other Operating Revenue	3.8	2.8	35.3%	13.3	12.6	6.1%
Total Operating Revenue	534.5	440.8	21.3%	1,875.3	1,669.8	12.3%
Geographical Revenue Mix
India	168.7	135.0	25.0%	581.7	486.3	19.6%
Europe	170.1	138.4	22.9%	597.0	557.4	7.1%
RoW	191.8	164.6	16.5%	683.2	613.5	11.4%
Other Operating Revenue	3.8	2.8	35.3%	13.3	12.6	6.1%
Total Operating Revenue	534.5	440.8	21.3%	1,875.3	1,669.8	12.3%

POLYMED

Segment Wise Sales Performance Analysis

Figs in Rs. Crs unless specified

Particulars	Q4 FY 26	Q4 FY 25	YoY Growth %	FY 26	FY 25	YoY Growth %
Infusion Therapy	256.1	251.4	1.9%	997.3	1,012.4	-1.5%
Renal	56.2	46.4	21.3%	187.6	150.7	24.5%
Others	222.1	143.1	55.2%	690.4	506.7	36.3%
Total Operating Revenue	534.5	440.8	21.3%	1,875.3	1,669.8	12.3%

Reclassification have been made where considered necessary

POLYMED

Figs in Rs. Crs unless specified

Balance Sheet Summary

	Standalone		Consolidated
Particulars	As at Mar 31, 2026	As at March 31, 2025	As at Mar 31, 2026	As at March 31, 2025
Total Shareholders Funds	3,052.7	2,744.2	3,149.2	2,765.7
Equity Share Capital	50.7	50.7	50.7	50.7
Other Equity	3,002.0	2,693.6	3,055.5	2,715.0
Non Controlling Interest	0.0	0.0	43.1	0.0
Total Debt	248.4	169.9	341.6	177.6
Long Term Borrowings	2.5	0.0	52.1	0.0
Short Term Borrowing	245.9	169.9	289.5	177.6
Other Non Current Liabilities	77.7	56.3	148.6	58.5
Total Sources of Funds	3,378.8	2,970.3	3,639.4	3,001.9
Net Fixed Assets Incl. CWIP	1,290.5	1,119.7	1,345.7	1,127.8
Intangible Assets including under development	19.3	18.0	165.3	26.6
Goodwill	0.0	0.0	273.8	28.6
Other Non Current Assets	590.9	122.0	182.5	72.2
Cash & Cash Equivalents**	796.8	1,218.8	842.2	1,226.9
Current Assets	852.3	661.8	1,109.2	710.3
Less: Current Liabilities	(171.1)	(170.0)	(279.2)	(190.6)
Net Current Assets	681.2	491.8	830.0	519.7
Total Assets	3,378.8	2,970.3	3,639.4	3,001.9

**Includes Investments, Other Bank balances and Bank deposits (both current & non current)

Trade Working Capital- Standalone

Particulars	FY 26	FY 25
Debtors	442.2	340.1
Inventory	281.3	249.9
Creditors	84.7	76.7
Cash Conversion Days
Debtor Days	98	78
Inventory Days	152	136
Creditor Days	35	31
Cash Conversion Cycle	215	183

POLYMED

Cash Flow Summary*

Figs in Rs. Crs unless specified

Particulars	Standalone	Consolidated
	FY26	FY26
Operating EBITDA	446.1	457.7
Extraordinary Item	(6.8)	(6.8)
Acquisition Related Expense		(9.7)
Other operating income and non cash expense	42.8	56.2
Tax Paid	(96.4)	(101.7)
Operating Cash Flow before WC Changes	385.7	395.7
Investment in Working Capital
Changes in Inventory	(31.5)	(37.2)
Changes in Debtors	(90.7)	(99.3)
Changes in Payables	7.2	12.2
Other WC Changes	(23.8)	(21.9)
Operating Cash Flows	246.8	249.5
Investments
Capex	(295.5)	(308.4)
Investment in Subsidiary	(439.9)	(386.0)
Advance against purchase of company through NCLT	(33.2)	(33.2)
Other Investing Cash Flows	18.9	20.4
Total Investing Cash Flows	(749.7)	(707.2)
Financing Cash Flows
Change in Borrowings	78.5	74.6
ESOP Receipts	0.3	0.3
Interest Payments	(12.7)	(16.0)
Repayment of Lease Liabilities and Interest thereon	(2.7)	(3.3)
Dividend Paid (including unclaimed dividend transfer)	(35.4)	(35.4)
Total Financing Cash Flows	28.0	20.2
Net Cash Flow Generated	(474.7)	(437.5)
Unrealized gain on mutual fund	52.8	52.8
Opening Cash	1,218.8	1,226.9
Closing Cash (including unrealised Gains)	796.8	842.2

*drawn to reflect business performance summary, not necessarily in line with GAAP requirements

POLYMED

Standalone ROIC

Figs in Rs. Cr. unless specified

Particulars	As at Mar 31, 2026	As at Mar 31, 2025
Total Equity	3,052.7	2,744.2
Total Borrowings	248.4	169.9
Total Capital Employed	3,301.1	2,914.1
Less:
- Cash & Cash equivalent	796.8	1,218.8
- Assets yet to be capitalized or unutilized*	146.3	89.5
- Investment in Subsidiaries/ associates	503.3	63.4
Invested Capital (A)	1,854.7	1,542.5
PBT	447.9	442.9
Interest Expense	12.9	10.2
Income on Liquid Investments (cash and cash equivalents above)	(67.3)	(58.9)
EBIT (B)	393.3	394.1
Return on Invested Capital (B/A)	21.4%	25.6%

*includes CWIP, landbank currently unutilised

Given high capex and investment phase for Polymed, evaluating business performance on balance sheet level ROCE may not be relevant due to large undeployed capital
Acquisitions made during the FY26 only have contributed partially to the financial performance of FY26.
Given above points, computing ROIC ("Return on Invested Capital") is a better metric to evaluate financial performance
Despite low growth in FY 26, ROIC continues to remain in excess of 20%

POLYMED

Shareholding Pattern as on 31st Mar 2026

POLYMED

Company Overview

Polymed Group : A Unique Medical Devices Platform

POLYMED

Polymed Flywheel

In-House Product R&D

390+ patents; 35 new products launches
~90 R&D professionals in India and Europe

Distribution Network

1000+ distributors globally
Supplying across 125+ countries

Sales & Marketing

570+ direct-sales reps in India, US, Italy, Mexico
Expanding presence in other key markets

Tooling, Automation, rapid prototyping

In-house tool design capability providing faster product launches

Manufacturing, Packaging and Sterilization

15 plants in 5 countries with in-house sterilization capabilities
Significant backward integration

Strong Quality and Regulatory Capability

140+ Quality & Regulatory professionals
Product registration in 100+ countries

Manufacturing, Packaging and Sterilization

POLYMED

Navigating Our Journey

Polymed's Path of Milestones and Triumphs

POLYMED

Moving Up the Technology Curve & Increasing TAM in High Growth Areas

Source: Industry Reports, Secondary Research

Drug Eluting Stent

POLYMED

Driving Value through Strategic Acquisitions

POLYMED

Plan/Health

Medical Innovations for Life

Founded in 1995, Located in Amaro, Italy
EN ISO 13485:2003 certified
Products Compliant with EU MDR and CE marking requirements
Many devices classified as Class III Medical Devices (long-term implantables)
End to end development capabilities

Post acquisition by Polymed, Plan-1 Health has grown by 20% CAGR annually and margins have improved by ~600 bps

PendraCare

Founded in 2011, Located in Leek Netherlands
ISO 13485 and FDA certified
Product registration in more than 60 countries (CE / FDA / CFDA / ANVISA)
Trusted Supplier to medical devices industry leaders for over a decade
Only independent player of size and scale in Europe specializing in cardiology catheter business
Capacity of >1.5 million products per year; Current production is 700-800k units per year

citieffe

Essential moves in Trauma

Founded in 1962, Located in Bologna, Italy
ISO 9001, ISO 13485 and FDA certified
MDR clearance across full portfolio; products registered in US, LATAM, and 25+ countries
Portfolio includes Internal Fixation, External Fixation systems, Instruments and a Unique navigation software for nailing systems
45+ patents. Dedicated R&D team and 54+ KOL across globe
Direct presence in Italy, US, Mexico with 85% of sales from countries with direct presence

Our Innovations Deliver Care to Key Clinical Specialties

POLYMED

Awards & Accolades

Himanshu Baid, MD, Poly Medicare, Healthcare Icon/Leader of the Year 2025 by ET Healthcare Awards

Himanshu Baid, MD, Poly Medicare Healthcare Entrepreneur of the Year 2025 by Financial Express

Medical Devices Provider of the Year 2025 by Financial Express

Innovative Health Technology Provider of the Year by ET Rajasthan Business Awards

Leading Brand in Medical Devices by Elets

Bhamashah Award by Govt. of Rajasthan, Education Dept.

Top Exporter of Plastic Medical Disposables from India for 10 Years by Plexconcil

Excellence in Medical Equipment Innovation by India Health Next Awards

Mr Himanshu Baid, MD, Poly Medicare, EY Entrepreneur of the Year Award 2024 - Lifesciences & Healthcare Category

Hurun India 2024 List of India's 500 Most Valuable Companies

Top 75 Industrial Innovative Company of the Year 2024 by CII

ET Best Healthcare Brands 2024

The Next 500 Companies 2023 by Fortune India

24
POLYMED

Levers of Value Creation

Polymed- One Company Many Engines of Growth

POLYMED

Strong Management & Governance framework

Experienced leadership and board driving strong governance

Robust Financial performance

19% revenue CAGR (FY 22-26), diversified revenue mix; zero net debt

Global Distribution

Global Distribution with Direct presence in markets like Europe, US and LATAM

Large TAM

US$ 650bn global Medtech market growing ~5%; India market growing ~13%

Strong Manufacturing Capabilities

15 facilities across five countries with 2 upcoming plants in India

Innovation

~90 R&D professionals, 35 annual product launches, 100+ product pipeline

Large TAM

Manufacturing

Innovation

Distribution

Financial

Performance

Management

Global MedTech Scenario - APAC Growing the Fastest

$ 680 bn

2025F Market Size

~20%

APAC as % of global medical devices market

~2%

India as % of global medical devices market

Source: BCG "Unlocking 'India for the World' in MedTech", Industry Reports, Secondary Research

Global Medical Device Sector region-wise growth rate (CAGR, 25-30)

POLYMED

Large TAM

Manufacturing

Innovation

Distribution

Financial Performance

Management

India MedTech - Sunrise Sector Unveiling Enormous Growth Opportunities

India is the 4th Largest Market in Asia
India MedTech Market Size (in USD)

$3: India’s per capita MedTech spending, compared to global average of $47

Key themes accelerating India's MedTech growth towards 2030 ambition

Evolving disease patterns and trends in healthcare delivery
Evolving Medtech Industry Ecosystem
Substantial cost advantage in terms of MedTech manufacturing
Demographics and socioeconomic factors
Strong government support through regulatory and policy changes

Source: BCG "Unlocking 'India for the World' in MedTech", EY "India's MedTech industry: The renaissance of a sector" report, IBEF

POLYMED

Large TAM
Manufacturing
Innovation
Distribution
Financial
Performance
Management

Polymed's Manufacturing Footprint

15 Facilities across 5 countries

India Manufacturing Facilities

104-105, Faridabad, India

115-116, Faridabad, India

Haridwar Plant 1, India

SEZ 1, Jaipur, India

R & D Centre

IMT 1, Faridabad, India

SEZ 2, Jaipur, India

IMT 2, Faridabad, India

117, Faridabad, India

Haridwar Plant 2, India

International Manufacturing Facilities

Amaro, Italy

Leek, Netherland

Bologna, Italy

Assuit, Egypt

Lalyang-qingdao, China

Plants with multiple global certifications

400+ Moulding Machines and 1800+ Molds & Dies

530+ Automatic Assembly Machines

130+ Robots are employed in our manufacturing processes

POLYMED

Company Driven by Innovation (R&D)

Core Development Capabilities

Product design, process design, mold design, automation and machine design

Team Strength

A dynamic workforce of 90+ professionals, including 45+ skilled engineers across India, Italy and Netherlands

Clinical Data driven strategy

2000+ patients enrolled in the DES clinical registry, supporting the global expansion of our cardiology portfolio

Patents

390+ Patents Granted

60 Applications Under Review

Large TAM Manufacturing Innovation Distribution Financial Performance Management

100+ products in pipeline to be launched in next 3-4 years

Recently Launched Products

POLYMED

Large TAM

Manufacturing

Innovation

Distribution

Financial

Performance

Management

Touching Millions Of Lives Every Day Across 125+ Countries

Large TAM Manufacturing Innovation Distribution Financial Performance Management

Robust Financial Performance Delivering Strong TSR

Amount in INR Cr.

Revenue

Net Worth

Operating EBITDA

RoCE (%)

PAT

ROE (%)

Returns ratios are lower in FY26 partly due to partial period consolidation of acquisitions and high capex intensity

Excludes the amount raised through QIP in August 2024, and treasury income generated from the QIP Funds, lab our code impact and acquisition cost

basis consolidated financial statements

POLYMED

Large TAM
Manufacturing
Innovation
Distribution
Financial Performance
Management

Diversified Segment and Geographic Mix

Segmental Revenue Mix
Numbers in INR crore unless specified

Particulars	FY 23	FY 24	FY 25	FY26	CAGR (23-26)
Infusion Therapy	771	925	1,012	997	9%
Renal	76	94	151	187	35%
Others	269	356	507	691	37%
Total Operating Revenue	1,115	1,376	1,670	1,875	19%

PORTFOLIO MIX

Geographical Revenue Mix
Numbers in INR crore unless specified

Particulars	FY 23	FY 24	FY 25	FY26	CAGR (23-26)
India	351	418	486	582	18%
Europe	335	454	558	597	21%
RoW	430	504	626	696	17%
Total Operating Revenue	1,115	1,376	1,670	1,875	19%

GEOGRAPHIC MIX

POLYMED

Large TAM
Manufacturing
Innovation
Distribution
Financial Performance
Management

Strong Promoters and Experienced Leadership Team

Promoters

Mr. Himanshu Baid
(Managing Director)
Co-founder of Poly Medicare, Mr. Baid has over 30 years of experience in the medical device industry and has been instrumental in the company's growth and innovation. He was honored with the EY Entrepreneur of the Year Award, 2024 in the Life Sciences and Healthcare sector.

Mr. Rishi Baid
(Joint Managing Director)
Co-founder of Poly Medicare, Mr. Baid oversees operations and strategic initiatives, contributing significantly to the company's expansion and product development with an experience of 28 years.

Mr. Vishal Baid
(Executive Director)
Mr. Vishal Baid is responsible for overall Marketing and in charge of Manufacturing activities in Jaipur with an experience of 25 Years.

Mr. Jugal Kishore Baid
(Non-Executive Director)
A founding member, Mr. Baid has played a pivotal role in establishing the company's foundation and continues to provide strategic guidance with an experience of 56 years.

Experienced Leadership Team

Mr. Alessandro Balboni
(Non-Executive Non-Independent Director)
Mr. Balboni brings international business experience, particularly in the European healthcare market, enhancing the company's global perspective with an experience of 23 years.

Mr. Pankaj Kumar Gupta
(Executive Director)
Mr. Pankaj Kumar Gupta is an accomplished and result-driven Operations Leader with over 35 years of experience.

Mr. Rahul Gautam
(President – Strategy & Corporate Development)
Mr. Rahul Gautam has 20+ years of experience in Corporate Strategy, M&A and Capital Markets. He has led M&A and fundraising deals exceeding US$8 billion.

Mr. Naresh Vijayvergiya
(Chief Financial Officer)
Mr. Naresh Vijayvergiya is an accomplished finance executive with 22+ years of experience culminating in CFO and President-level roles, driving financial strategy in manufacturing and commodities sector.

Also a board member of Poly Medicare Ltd

Mr. Pascal Govi
(CEO – CItieffe Group)
Mr. Pascal Govi is a global medtech leader with 30+ years of experience, CEO of CItieffe since 2019 driving international growth.

Mr. Sander Hartman
(CEO – Pendracare)
Mr. Sander Hartman is a seasoned medical device executive with 20+ years of global experience, currently serving as CEO of PendraCare International. Associated with Pendracare group since 2012.

Mr. Heyward Powe
(Vice President, Sales & Business Development)
A senior medical device executive with over 27 years of experience in Vascular Access, Oncology, Cardiology, and Surgery. Currently, Vice President of Sales for North America and parts of South America at Polymed Inc.

POLYMED

Page 35

Robust Governance Framework

Non-Executive Board

Mr. Devendra Raj Mehta

(Chairman, Non-Executive Non-Independent Director)
A seasoned IAS officer and former Chairman of SEBI, Mr. Mehta brings extensive regulatory and governance experience to the board with an experience of 54 years.

Mr. Vimal Bhandari

(Non-Executive Independent Director)
An experienced finance professional, Mr. Bhandari provides valuable insights into financial planning and risk management with an experience of 35 years across IL&FS, AEGON N.V & IndoStar Capital Finance Limited.

Dr. Ambrish Mithal

(Non-Executive Independent Director)
A renowned endocrinologist, Dr. Mithal provides medical expertise, aligning the company's products with healthcare needs with an experience of 39 years.

Mr. Vishal Gupta

(Non-Executive Independent Director)
Mr. Vishal Gupta is the Managing Director of Ashiana Housing Ltd., known for pioneering senior living and middle-income housing in India with an experience of 25 years.

Ms. Sonal Mattoo

(Non-Executive Independent Director)
Ms. Mattoo specializes in human resources and organizational development, supporting the company's talent management strategies with an experience of 28 years.

Mr. Amit Khosla

(Non-Executive Independent Director)
With a strong background in law and corporate affairs, Mr. Khosla aids in ensuring compliance and ethical standards with an experience of 24 years.

POLYMED

Way Forward

Polymed strategy shaped by Macro trends in the MedTech Industry

High Prevalence of Non-Communicable diseases

Expanding into renal, critical care, orthopedics, and cardiology segments through greater investment in technology and product development
Greater R&D Investments
R&D expense, which is 1.7% of sales currently and is expected to double in next 3-5 years
Pressure on Governments to reduce healthcare spend
Scaling manufacturing in India (2 new plants) and implementing automation and lean practices to reduce costs and sustain value-based pricing.
Expand into US and provide products at pricing which is lower than global players
Localization of Medtech Manufacturing
Pursuing inorganic growth strategy to secure local manufacturing and market access
Subsidiaries established in UK, US, Brazil to commercialize operations
ESG as differentiator
Advancing ESG with ~65% of facilities ISO 14001:2015-certified, ongoing certification for more sites
ZEMBA membership (only Indian medtech company),
Growing solar power capacity to cut Scope 2 emissions.

POLYMED

38
POLYMED

International Strategy – US

Entity	Polymed	Citieffe	Pendracare	P1H
Presence	4 distributors	Direct Presence	Guiding catheter approved; In talks with distributors and global OEM; sales expected to start in current year	NA
# Regulatory Approvals	4 approved; 3-4 in pipeline	10 approved; 8-10 in pipeline		1 approved for OEM
Growth Strategy	• Reinitiated conversations with customers post reduction of US tariffs
• Focus on Infusion Therapy and Critical Care segments
• Revenue ramp-up expected in FY 27	• Making additional investments to deepen customer engagement
• Plan to expand presence in states with existing hospital approvals or established relationships
• Addition of plates to the portfolio; to double TAM	• Engaging with existing Polymed distributors
• Launching new products including new GC with improved technology
• Pursuing CD/CM with OEMs using combined PML-Pendracare capabilities	• In talks with existing Polymed distributor
• Evaluating product submissions for FDA approvals

International Strategy – Europe

Entity	Polymed	Citieffe	Pendracare	P1H
Presence	75+ distributors	Direct presence in Italy + 12 Distributors	17 distributors + 2 OEM relationship	20+ distributors
# Regulatory Approvals	82 approved; 15 in pipeline	Whole Portfolio (20+); 10+ in pipeline	2 approved; 3 in pipeline	Whole Portfolio (4 categories); 1 in pipeline
Growth Strategy	• New product approvals in FY27 to expand product basket
• Leveraging recent acquisitions to expand presence in tender markets
• Deepening customer engagement specifically on clinical side
• Evaluating certain markets to build direct presence	• Build direct presence in other large and similar European markets
• Focus on developing new distributors in northern Europe
• Addition of plates to the portfolio; to double TAM	• New GC (co-developing with PM) to create new opportunities
• Expanding sales by leveraging existing Polymed network
• Working on multiple CD/CM opportunities using combined PML-Pendracare capabilities	• Increase tender presence in Italy and other in EU markets
• Launching new devices in Italy

POLYMED

India Growth Strategy

POLYMED

Import Substitution

Substituting imports with high quality Made in India products
- Proven capabilities in Infusion Therapy & Vascular Access
- Replicating success across Renal, Cardiology and Critical Care

Focused Therapy Areas

Infusion · Renal · Cardiology · Critical Care

Clinical Led Engagement

Greater focus on Clinical led engagements with stakeholders
- PACE Academy– 400+ nurses trained from 52 hospitals engaged; 4-5 new academies to set up including within Hospitals
- 4000+ clinical engagements through IV Talks (INS) and Ascent+
- SARATHII - 3,000+ AI-led training sessions / 265 individuals; FY27 expansion planned across international teams and domestic verticals
- Focusing on evidence generation on clinically driven products

PACE

PACCO
Initiates a Global Care Network for Adults
Initiates a Global Care Network for Adults
Initiates a Global Care Network for Adults

4,000+
Clinical Engagements

Portfolio Expansion

Expansion of product portfolio to help boost sales
- 25-30 new products per year over the next 3-4 years
- Registration of Pendracare and Citieffe products underway in India
- Plans to further boost P1H product sales in India through deeper penetration

25-30

New Products / Year
3-4 Year Product Roadmap

Expanding Footprint

Expand our footprint across India
- 100+ sales associates to be hired across India in FY 27
- Expanding existing network of 650+ distributors across India

100+

New Sales Hires

650+

Distributors

Towards our Commitment to a Sustainable World

Approx. 70% facilities are certified under
ISO 14001:2015
ENVIRONMENTAL
MANAGEMENT SYSTEM

Annual Health check-up of 304 employees
One on one consultation with certified nutritionist- 115 employees
4668 employee training attendances recorded
EMPLOYEE WELLBEING
9.9 MWp solar energy
Commissioned from 9th Nov 25
Generated approx. 3297 MWh unit
Reduced Scope-2 emission approx. 2341 tCO2
SIGNED PPA AGREEMENT

SUSTAINABLE DEVELOPMENT

LCA of Prefilled Syringe completed as per ISO 14040/44
LCA report of PFS has been verified as per ISO 14071
Life Cycle Assessment & Critical review

Achieved approximately 8% reduction in Scope 2 emissions compared to FY 24-25 through increased utilization of onsite solar and renewable energy PPA, despite commissioning of a new plant
SCOPE 2 EMISSION

Achieved 1% decrease in energy consumption compared to FY 24-25 despite commissioning of a new plant
ENERGY CONSUMPTION

Achieved 2.39x growth in solar power generation compared to FY 24-25
SOLAR GENERATION

POLYMED

42
POLYMED

Thank You

For any investor related queries reach us at:

[email protected]

AI assistant

Poly Medicure Ltd — Investor Presentation 2026

60661_rns_2026-05-25_47ec1f3d-5c6a-449c-ba71-6cc11756b5c9.pdf

Sub: Submission of Revised Investor’s Presentation

Investor Presentation

Disclaimer

Q4 and FY 26 Performance Summary and Key Updates

Standalone Performance Summary Q4 FY26 & 12M FY26

Revenue

Gross Profit

Operating EBITDA¹

Consolidated Performance Summary Q4 FY26 & 12M FY26

FY 26: Improving Sequential Revenue Trajectory

Key Updates

Financial Performance Analysis

Standalone Financial Performance Summary

Consolidated Financial Performance Summary

Consolidated Sales Performance Analysis

Segment Wise Sales Performance Analysis

Balance Sheet Summary

Cash Flow Summary*

Standalone ROIC

Shareholding Pattern as on 31st Mar 2026

Company Overview

Polymed Group : A Unique Medical Devices Platform

In-House Product R&D

Distribution Network

Sales & Marketing

Tooling, Automation, rapid prototyping

Manufacturing, Packaging and Sterilization

Strong Quality and Regulatory Capability

Manufacturing, Packaging and Sterilization

Navigating Our Journey

Polymed's Path of Milestones and Triumphs

Moving Up the Technology Curve & Increasing TAM in High Growth Areas

Driving Value through Strategic Acquisitions

Plan/Health

PendraCare

citieffe

Our Innovations Deliver Care to Key Clinical Specialties

Awards & Accolades

Levers of Value Creation

Polymed- One Company Many Engines of Growth

Strong Management & Governance framework

Robust Financial performance

Global Distribution

Large TAM

Strong Manufacturing Capabilities

Innovation

Global MedTech Scenario - APAC Growing the Fastest

India MedTech - Sunrise Sector Unveiling Enormous Growth Opportunities

Key themes accelerating India's MedTech growth towards 2030 ambition

Polymed's Manufacturing Footprint

India Manufacturing Facilities

International Manufacturing Facilities

Core Development Capabilities

Team Strength

Clinical Data driven strategy

Patents

Recently Launched Products

Touching Millions Of Lives Every Day Across 125+ Countries

Robust Financial Performance Delivering Strong TSR

basis consolidated financial statements

Diversified Segment and Geographic Mix

Strong Promoters and Experienced Leadership Team

Promoters

Experienced Leadership Team

Robust Governance Framework

Mr. Devendra Raj Mehta

Mr. Vimal Bhandari

Dr. Ambrish Mithal

Mr. Vishal Gupta

Ms. Sonal Mattoo

Mr. Amit Khosla

Way Forward

Polymed strategy shaped by Macro trends in the MedTech Industry

High Prevalence of Non-Communicable diseases

International Strategy – US

International Strategy – Europe

India Growth Strategy

Poly Medicure Ltd Investor Presentation 2026