Shilchar Technologies Ltd. — Investor Presentation 2026

May 5, 2026

05th May, 2026

To, BSE Limited Listing Department Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai - 400 001

To, National Stock Exchange of India Limited, Listing Department "Exchange Plaza," C-1, Block G,Bandra –Kurla Complex, Bandra (E), Mumbai - 400 051.

Scrip Code: 531201

Scrip Code: SHILCTECH

Dear Sir/ Madam,

Sub: Investor Presentation for the quarter and Year ended on 31st March, 2026.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, Please find enclosed herewith the copy of Investor Presentation for the quarter and year ended on 31st March, 2026.

Kindly take on your record.

Thanking you, For Shilchar Technologies Limited

Vishnup riya Civichan Digitally signed by Vishnupriya Civichan Date: 2026.05.05 17:08:20 +05'30'

Vishnupriya Civichan Company Secretary & Compliance Officer

Encl: As above

The Power of Performance

Q4 & FY26 | May 2026

NSE: SHILCTECH | BSE: 531201 Bloomberg: SCTE-IN

Inside The Presentation

Quarterly & Annual Performance

Performance Highlights	04
Q4 & FY26 Income Statement	05
Management Commentary	06

Company Overview

Shilchar Technologies at a Glance	08
Key Milestones	09
Our Facilities	10
State-of-Art Infrastructure	11
Quality Assurance	12
Capacity Expansion	13
Gavasad Facility	14
Generational Talent	15
Diversified Product Profile	16
Diversified Applications	17
Global Footprint	18

Superior Business Model Positioning

Business Model Positioning	20
Competitive Strengths	21
Demand Drivers	22
Business Outlook	23

Financial Performance

5 Year Summary	25
Key Performance Indicators	26
Profit and Loss Summary	27
Balance Sheet Summary	28
Cash Flow Summary	29
Capital Markets Overview	30

Performance Highlights	04
Q4 & FY26 Income Statement	05
Management Commentary	06

SHILCHAR TECHNOLOGIES LIMITED INVESTOR PRESENTATION 2026

Quarterly Performance

Q4 & FY26 Performance Highlights

Revenue from Operations

PAT & PAT Margins

147 158 23% 23% FY25 FY26 PAT & PAT Margins (₹ IN CRORES & IN %)

Q4 & FY26 Income Statement

(₹ IN CRORES)

PARTICULARS	Q4FY25	Q3FY26	Q4FY26	YoY Change (%)	FY25	FY26	YoY Change (%)
REVENUE FROM OPERATIONS	231.86	170.26	151.65	-35%	623.15	651.94	5%
TOTAL INCOME	236.45	176.34	158.32	-33%	639.62	677.99	6%
OPERATING EXPENSES	160.63	117.77	119.74	-25%	438.40	461.52	5%
EBITDA (EXCLUDING OI & EI)	71.24	52.49	31.91	-55%	184.75	190.42	3%
EBITDA %	30.7%	30.8%	21.0%	-10 bps	30%	29%	-44 bps
FINANCE COST	0.16	0.18	0.10	-40%	0.44	0.47	7%
DEPRECIATION & AMMORTIZATION	0.98	1.02	1.01	3%	3.41	4.02	18%
PBT	74.68	57.36	37.48	-50%	197.37	211.97	7%
PAT	55.36	42.34	28.39	-49%	146.85	158.16	8%
EPS (₹)	48.39	37.01	24.82	-49%	128.37	138.25	8%

⁶ QUARTERLY PERFORMANCE SHILCHAR TECHNOLOGIES LIMITED INVESTOR PRESENTATION 2026

Management Commentary

Shilchar continued on its financial growth trajectory in FY26, reporting revenue of ₹652 crore, with EBITDA margins coming in at 29%. The year, however, closed with a softer Q4, shaped by two distinct macro and geopolitical developments that temporarily weighed on order intake and dispatches.

On the export front, uncertainty around US tariff policy during the preceding quarters moderated order intake from US customers in Q3. While order inflows recovered in Q4, dispatches during the quarter remained slow, given the lower order intake in Q3 and interim tariff policy uncertainty at the time. With subsequent policy amendments coupled with a robust demand outlook from US customers, both order intake and deliveries have picked up notably in Q1FY27.

Additionally, a significant volume of Q4 shipments were scheduled for delivery to Middle East customers in March 2026, which could not be dispatched due to the crisis in West Asia and the resulting logistical disruptions. These shipments have been deferred, not cancelled. Dispatches to the region resumed in April, and the situation has improved considerably since then.

Both factors were temporary in nature, and Shilchar is well positioned to resume its growth trajectory from the coming quarters. On the domestic front, demand has remained firm, particularly in the context of record renewable energy commissioning of ~55 GW in FY26.

On CAPEX front, our Gavasad Expansion #3, a new 6,500 MVA facility, remains on track for commissioning in April 2027. In FY27, we expect to operate at full utilisation of our existing 7,500 MVA capacity. Demand across our key domestic and export markets remains strong, and our overall business outlook continues to be robust.

Alay J. Shah Chairman & Managing Director

Demand across our key domestic and export markets remains strong, and our overall business outlook continues to be robust."

Shilchar Technologies at a Glance	04
Key Milestones	10
Our Facilities	11
State -of -Art Infrastructure	12
Quality Assurance	13
Capacity Expansion	14
Upcoming Expansion at Gavasad Facility	15
Generational Talent	16
Diversified Product Profile	17
Diversified Applications	18
Global Footprint	19

SHILCHAR TECHNOLOGIES LIMITED INVESTOR PRESENTATION 2026

Company Overview

Shilchar Technologies at a Glance

Premier Brand of Power & Distribution Transformer since last ~4 decades	Specializes in custom-made transformers for Renewables & Industrial applications	Industry Leading Profitability & Capital Return Ratios
Debt-Free Balance Sheet with substantial Cash Reserves	Currently focused on transformers up to 50 MVA & 132 KV class, expanding into 220 KV class	Existing Production Capacity 7,500 MVA Capacity Under Commissioning 6,500 MVA
Exported Transformers to over 25+ countries across 5 continents	Flagship Gavasad facility located on an expansive 17 Acres Plot

Key Milestones

1986 SHILCHAR TECHNOLOGIES WAS INCORPORATED	2014	2015 ACQUIRED GAVASAD LAND
1990 VENTURED INTO R-CORE TRANSFORMERS	CLOCKED ₹100 CR REVENUE, FULLY UTILIZING 1,000 MVA CAPACITY	2018 COMMISSIONED GAVASAD FACILITY, EXPANDING CAPACITY TO 4,000 MVA
1995 LISTED ON BSE & VENTURED	2010 ENTERED RENEWABLES TRANSFORMER MARKET	2024 EXPANDED PRODUCTION
INTO FERRITE TRANSFORMERS 2000	2008 COMMENCED TRANSFORMER EXPORTS	CAPACITY TO 7,500 MVA IN AUGUST'24 2026
EXPANDED INTO DISTRIBUTION		CLOCKED ₹650+ CR REVENUE, INTIATED
& POWER TRANSFORMERS		CAPEX TO EXPAND TO 14,000 MVA

~26 years Of Expertise in Power & Distribution Transformers

~19 years Of Experience in Transformer Exports

~17 years Of Specialization in Renewables Transformers

Our Facilities

Flagship Facility

Shilchar's Flagship Facility is in Gavasad, Vadodara

7,500 MVA

475+

People Employed

Existing Installed Capacity (FY27)

17-Acre

Situated on a 17-acre land Parcel, with sufficient land available for future expansion

14,000 MVA Annual Capacity

Post-Expansion (FY28)

1.6 + 1.1 Lakh Sq.Ft.

Existing built-up area of 1.6 Lakh Sq.Ft., additional 1.1 Lakh Sq.Ft. coming online in 2027

Certifications

Manufacturing Philosophy

Specialising in design & ideation of quality transformers as per customer specifications

Made-to-order approach over stock-and-sell

Possesses strong inhouse design and engineering capabilities

Utilizes domestic supply chain with an assembly mindset; outsources lower value-add components

Prioritizes quick order fulfilment and turnaround time

State-of-Art Infrastructure

2 Production Shops

One each for 5 MVA, 33 KV class & 50 MVA, 132 KV class

Dust-free Environment

Featuring positive air pressure using HVAC system & epoxy flooring across the plant

State-of-art Testing Laboratory

NABL accredited testing lab with advanced equipment's

Automatic Foil Winding Technology

PLC based fully automatic foil winding machines along with automatic argon gas based brazing facility

Warehouse

Material storage facility with traceability, identification, and integrated with SAP ERP

State-of-art

Testing Laboratory

Quality Assurance

¹³ SHILCHAR TECHNOLOGIES LIMITED

Capacity Expansion

Note – FY25 & FY26 capacity utilization on new base of 7,500 MVA

E = Expected Commissioning

¹⁴ COMPANY OVERVIEW SHILCHAR TECHNOLOGIES LIMITED INVESTOR PRESENTATION 2026

Gavasad Facility

Upcoming Expansion at Gavasad Facility

Civil foundation completed

PEB erection & Utilities infrastructure work-in-progress

All major production equipment has been ordered On-track for commissioning project in April 2027

Generational Talent

Alay J. Shah Aashay A. Shah Chairman & Managing Director Executive Director		Aatman A. Shah Executive Director
Qualifications	Qualifications	Qualifications
Bachelor of Science in Electronics Engineering Technology	Bachelor of Science in Electrical Engineering from University of Illinois, Urbana-Champaign, USA and Masters in Business Administration from Cass Business School, London, UK	Bachelor of Science in Mechanical Engineering from University of Illinois, Urbana-Champaign, USA
Experience	Experience	Experience
37 years	10 years	7 years
Roles & Responsibilities	Roles & Responsibilities	Roles & Responsibilities
Design, Production, Finance, and Marketing	Marketing, Production, Procurement and Design	Marketing, Production, Procurement and Design

Diversified Product Profile

Diversified Applications

¹⁹ COMPANY OVERVIEW SHILCHAR TECHNOLOGIES LIMITED

Global Footprint

Of Experience in Transformer Exports ~19 years

International Markets 25+

Continents ⁵

Meaningful Export -Mix EXPORTS (IN %) DOMESTIC 26% 56% 52% 43% 48% 74% 44% 48% 57% 52% FY22 FY23 FY24 FY25 FY26

Business Model Positioning

²¹ SUPERIOR BUSINESS MODEL POSITIONING SHILCHAR TECHNOLOGIES LIMITED INVESTOR PRESENTATION 2026

Niche Product Profiles	Made -to -Order	Quick TAT	Superior Profitability & Capital Return
Strong design & engineering capabilities	Focused on customised product	Well -designed plant auguring operational efficiency	Ratios Resulting in Superior
Focused on niche	Made -to -order	Leveraging India's vast	Operating margins
product profiles for various industries	approach over stock -and -sell	transformer components	Asset turns
		ecosystem	ROCEs
Catering to specialised transformer requirements		Outsourcing lower value -add components like tanks and radiators	Ability to scale quickly through internal accruals
Superior product testing capabilities with 3 parallel testing lines		Assembly -focused manufacturing operations with key process in -house

Competitive Strengths

Mass Customization

Ability to deliver custom-solutions at scale

Robust Capital Structure

• Debt-free balance sheet & surplus cash reserves to finance growth initiatives - Catering to emerging opportunities & growing industry segments

Diversified Across Various Customers, applications, geographical markets

Entry Barriers for Niche Products Trust earned over decades of performance

Demand Drivers

Continued thrust towards conventional energy, especially in emerging economies like India

Investments in ageing grid infrastructure worldwide, especially in the US & EU

Private sector CAPEX in traditional sectors (steel, cement) and new-age sectors (data centres, captive green energy)

Energy transition to renewables with utility-scale build-out

4 5 6

Business Outlook

Last capacity expansion operational since August 2024 driving current leg of	Additional capacity (6,500 MVA) expected to come online by April 2027 to	Conducive macro environment
growth	drive next leg of growth	Significant investments in grid & T&D infrastructure
Order pipeline for FY27 ₹800 Cr ~	Robust order inquiries from domestic & export clients	Significant investments in power generation: Convention & Renewables
		Global transformer demand surge & limited supply
Geared for further CAPEX depending up on industry demand outlook		Quality transformer supplier can command better pricing

5 Year Summary	26
Key Milestones	27
Profit and Loss Summary	28
Balance Sheet Summary	29
Cash Flow Summary	30
Capital Markets Overview	31

SHILCHAR TECHNOLOGIES LIMITED INVESTOR PRESENTATION 2026

Financial Performance

5 Year Summary

Revenue from Operations

Profit after Tax

EBITDA & EBITDA Margins

Note – EPS has been re-stated as per post Bonus Issue outstanding shares

Key Performance Indicators

Cash Flow from Operating Activities

Equity & Debt to Equity

²⁷ FINANCIAL PERFORMANCE SHILCHAR TECHNOLOGIES LIMITED INVESTOR PRESENTATION 2026

Profit and Loss Summary

(₹ IN CRORES)

PARTICULARS	FY22	FY23	FY24	FY25	FY26	CAGR (FY21-25)
REVENUE FROM OPERATIONS	180.18	280.24	396.88	623.15	651.94
TOTAL INCOME	183.54	288.32	409.71	639.62	677.99	38% Revenue
OPERATING EXPENSES	160.77	227.16	283.58	438.40	461.52
EBITDA (EXCLUDING OI & EI)	19.42	53.08	113.30	184.75	190.42
EBITDA %	10.8%	18.9%	28.5%	29.6%	29.2%	77%
FINANCE COST	1.07	0.60	0.21	0.44	0.47	EBITDA
DEPRECIATION & AMMORTIZATION	2.58	2.40	2.60	3.41	4.02
PBT	19.12	58.16	123.32	197.37	211.97
PAT	14.01	43.12	91.89	146.85	158.16	83% Profit After Tax
EPS (₹)	12.24	37.69	80.32	128.37	138.25

Note – EPS has been re-stated as per post Bonus Issue outstanding shares

Balance Sheet Summary

(₹ IN CRORES)

PARTICULARS	FY22	FY23	FY24	FY25	FY26
SHAREHOLDERS' FUNDS	79.77	121.44	209.59	346.83	490.85
NON-CURRENT LIABILITIES	3.24	3.23	3.33	3.98	4.91
LONG TERM BORROWINGS	2.51	0.00	0.00	0.00	0.00
CURRENT LIABILITIES	60.46	53.09	79.57	139.11	94.76
SHORT TERM BORROWINGS	14.52	0.00	0.00	0.00	0.00
TRADE PAYABLES	35.68	36.30	54.91	108.14	71.07
TOTAL EQUITY AND LIABILITIES	145.98	177.77	292.48	489.92	590.51
NON-CURRENT ASSETS	39.62	42.06	48.53	68.15	87.89
TANGIBLE ASSETS	35.14	38.18	39.95	58.11	68.18
CWIP	0.05	0.06	4.53	0.00	6.41
CURRENT ASSETS	106.36	135.71	243.95	421.77	502.62
INVENTORIES	31.53	23.12	59.56	93.07	92.18
TRADE RECEIVABLES	69.00	92.11	93.62	228.69	153.60
CASH & BANK BALANCES	0.89	9.28	60.16	90.61	245.95
TOTAL ASSETS	145.98	177.77	292.48	489.92	590.51

Note – Cash & Cash Equivalents include Current Investments

Cash Flow Summary

(₹ IN CRORES)

PARTICULARS	FY22	FY23	FY24	FY25	FY26
CASH FROM OPERATING ACTIVITIES	(6.45)	39.22	76.48	39.56	192.02
CASH FROM INVESTING ACTIVITIES	(0.87)	(12.10)	(22.63)	(47.77)	(169.39)
CASH FROM FINANCING ACTIVITIES	6.06	(18.59)	(28.99)	4.57	(30.96)
NET CASH FLOW	(1.25)	8.54	24.86	(3.64)	(8.33)
CASH AT THE BEGINNING OF YEAR	1.31	0.06	8.60	33.46	29.82
CASH AT THE END OF YEAR	0.06	8.60	33.46	29.82	21.48

Capital Markets Summary

CURRENT MARKET PRICE	₹4,836.00
52 WEEK HIGH/LOW	₹5,399.00 /₹2,852.50
MARKET CAPITALIZATION	₹5,532 Crore
SHARES OUTSTANDING	1.14 Crore
BSE SCRIP CODE	531201
NSE SCRIP CODE	SHILCTECH

Shareholding Pattern

Market price data as of 5th May 2026

Shareholding data as of 31st March 2025

Disclaimer

This document which have been prepared by Shilchar Technologies Limited (the "Company"), have been prepared solely for information purposes. This document has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.

Certain matters discussed in this Document may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking information contained in this Document. Any forward-looking statements and projections made by third parties included in this Document are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

SHILCHAR TECHNOLOGIES LIMITED INVESTOR PRESENTATION 2026

Contact Us

For More Information

Shilchar Technologies Limited Prajesh Purohit Chief Financial Officer ppurohit@shilchar.com

TIL Advisors Private Limited

Sayam Pokharna

Investor Relations Advisor sayam@theinvestmentlab.in