UFLEXNSE18 August 2025

UFLEX Limited has informed the Exchange about Investor Presentation

UFLEX Limited

UFLEX/SEC/2025/

August 18, 2025

The National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No. C/l, G-Block Bandra-Kurla Complex Bandra (E), Mumbai – 400051

The BSE Limited Corporate Relationships Department 1st Floor, New Trading Ring, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai – 400001

Scrip Code : UFLEX

Scrip Code : 500148

Subject: Updates on Earnings Conference Call under the SEBI (Listing Obligations and

Disclosure Requirements), Regulations, 2015

Dear Sir(s),

Further to our letter dated 11th August, 2025, an Earnings Conference call to discuss Q1 FY26

Earnings shall be held on Monday, August 18, 2025 at 4:00 PM IST.

A copy of the Earnings Presentation which will be shared to the Investor(s) is attached herewith for

your record(s).

Thanking You,

Yours faithfully, For UFLEX LIMITED

(Ritesh Chaudhry) Sr. Vice President - Secretarial & Company Secretary

Encl : As above

UFLEX LIMITED Earnings Presentation

August 18, 2025 Noida, India

Stock Code: BSE – 500148, NSE – UFLEX Common Stock Outstanding: 72.2mn as of June 30, 2025

Disclaimer

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 the information or opinions contained in this presentation. Such information and opinions are in all

events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical

information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management

of the Company, which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general

business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its

competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors,

which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ

materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements,

including future changes or developments in the Company's business, its competitive environment and political, economic, legal and

social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other

factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company

disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for

general information purposes only, without regard to any specific objectives, financial situations or informational needs of any person.

The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any

person of such change or changes. This presentation may not be copied or disseminated in any manner.

Key Highlights

➢ Chairman’s Message

➢ Industry Trends

➢ Performance Snapshot

➢ Performance and Business Highlights

➢ Capex Update

➢ Packaging Films Production volume

➢ Financial Summary

➢ Sustainability & circularity

➢ Product Innovation

➢ Business at a Glance

➢ Management & Shareholders

Chairman’s Message

Mr. Ashok Chaturvedi, Chairman and Managing Director, “In the first quarter of FY26, we navigated a challenging landscape shaped by cautious consumer sentiment, geopolitical tensions, and tariff-related uncertainties. Despite these headwinds, we remained focused on our strategic priorities — strengthening our business and positioning it for long-term growth by enhancing operations, driving innovation, and advancing our sustainability goals to meet today’s needs while building for the future. The quarter delivered growth in both sales volume and revenue, with an 11.7% year-on-year increase in sales volume in our packaging business and a 6.8% year-on-year increase in sales volume in our packaging films business.

Our newly commissioned PET chips plant in Egypt achieved approximately 70% capacity utilization in its first full quarter of operations, thus ensuring raw material sufficiency for our BOPET films business. Additionally, our PET chips plant in Panipat, India, achieved approximately 97% capacity utilization in Q1 FY26.

Our 5 billion pack per annum brownfield expansion for aseptic packaging at Sanand, 12 billion pack per annum greenfield aseptic packaging plant in Egypt, 80 million unit per annum capacity WPP bags plant in Mexico, and 39,600 MTPA greenfield PET bottle and mixed flexible waste recycling plant in Noida are all expected to be operational in FY26. These projects are expected to generate new cash flow streams, drive significant topline growth, improve margins, and enhance ROCE, creating considerable shareholder value from FY27 onward.

On the regulatory front, the recent implementation of the EPR framework in India marks an important step forward. We see this as a catalyst for accelerating the demand for recycled materials across packaging applications. As the regulatory landscape and consumer confidence increasingly encourage the use of sustainable materials, we continue to strengthen our portfolio with solutions that support a circular economy. Among these are FSSAI-compliant PCR-based films manufactured using up to 100% recycled PET, single-pellet solutions that combine 30% or more recycled PET with virgin PET, enabling the use of recycled PET in food and beverage packaging, water-based inks and adhesives, and PCR-based tubes for the beauty and cosmetics industry, amongst others.

Looking ahead, the outlook for the packaging sector remains buoyant, supported by steady growth in consumer spending, rising preference for packaged food and beverages, and increasing adoption of flexible and aseptic packaging formats across multiple categories. However, we anticipate that tariff-related uncertainties may influence supply chain patterns in the coming quarters, and we are closely monitoring these developments. As we carry this momentum into the next quarter, we remain focused on delivering sustainable value to our customers, partners, and communities.”

Industry Trends

Domestic

International

➢ Packaging film prices remained volatile in Q1FY26; Indian exports declined, while imports increased as prices became attractive by quarter-end.

➢ Raw material costs softened, led by low double-digit decline in PET and low single-digit in PP prices.

➢ CPI eased to 1.55% in July 2025, while CFPI declined to - 1.76%, with the softening inflation expected to create positive tailwinds for better consumer demand in Q2.

➢ Macro outlook remains positive and expected to support

demand recovery in India’s F&B sector.

➢ GST liberalization is expected to boost FMCG demand, leading to demand for more packaging products/films.

➢ Tariff uncertainty weighs on market confidence and trade.

➢ Inventory drawdowns and tariff muted U.S. demand.

➢ UFlex is well-positioned to navigate tariff headwinds,

supported by its diversified global footprint; exports from Mexico to the US remain protected under USMCA.

➢ Packaging film imports into Europe fell in June vs. May

2025, led by lower exports and changing market dynamics in India.

➢ Nigeria’s exports to the USA are expected to rebound once

tariff issues are resolved.

Consolidated Performance Snapshot – Q1FY26

Q1FY26

Q1FY25

Q1FY26

Q1FY25

Revenue

Rs. 39,219 Mn (+1.2% QoQ, +6.4% YoY) Domestic: 44% International: 56%

Rs. 36,856 Mn (+5.4% QoQ, +12.4% YoY) Domestic: 43% International: 57%

Norm. EBITDA*

Rs. 4,698 Mn (-2.3% QoQ, +0.3% YoY) +12.0% Margin (-40bps QoQ, -70bps YoY)

Rs. 4,682 Mn (+2.9% QoQ, +45.7% YoY) +12.7% Margin (-30bps QoQ, +290bps YoY)

EBITDA

Rs. 4,788 Mn (+0.7% QoQ, +8.0% YoY) +12.2% Margin (-6bps QoQ, +18bps YoY)

Rs. 4,434 Mn (+1.6% QoQ, +46.0% YoY) +12.0% Margin (-45bps QoQ, +277bps YoY)

Capex

Net Debt

Rs. 4,117 Mn

Rs. 2,802 Mn

Rs. 73,055 Mn

Rs. 56,675 Mn

Sales Vol. MTs

170,504 (+3.2% QoQ, +7.9%YoY) Packaging Films: 76.1% (+2.3% QoQ, +6.8% YoY) Packaging: 23.9% (+6.5% QoQ, +11.7% YoY)

158,022 (+0.1% QoQ, +10.4%YoY) Packaging Films: 76.9% (+0.9% QoQ, +13.0% YoY) Packaging: 23.1% (-2.4% QoQ, +2.5% YoY)

Norm. PAT**

Rs. 580 Mn +1.5% Margin

Rs. 823 Mn +2.2% Margin

Pack. Films Sales Vol. Split

Packaging Films: 76.1% (Domestic: 19.3%; International: 56.9%)

Packaging Films: 76.9% (Domestic: 15.7%; International: 61.2%)

*Normalized EBITDA for Q1FY26 includes a Rs. 89 million adjustment for foreign currency fluctuations and derivative gains/losses, compared to an adjustment of Rs. 249 million in Q1 FY25 Note: Pursuant to an accounting realignment, 'Share of (Loss) of Associate & Jointly Controlled Entities' has been reclassified from 'Total Income' to below ' PAT' in line with industry best practices. Prior periods figures have been restated for consistency and comparability.

Consolidated Performance Highlights – Q1FY26

Revenue rose to Rs. 39,219 million in Q1 FY26, driven by higher volumes, right product mix, better realizations in India and robust gains in Europe and CIS markets. key contributors were packaging film & vPET chips (+8.1% YoY gr) and Packaging business (+8.2% YoY gr) in Q1.

Normalized EBITDA stood at Rs. 4,698 million, up 0.3% YoY. The normalized EBITDA margin was at 12.0%. Growth driven by Packaging films, vPET chips and flexible packaging business in India.

Sales volume reached at 170,504 MT in Q1 FY26, reflecting a 7.9% YoY and 3.2% QoQ growth. The volume mix comprised of 76.1% from packaging films and 23.9% from packaging, underscoring sustained demand across the segments. The sales volume in the Packaging business increased by 11.7% YoY and 6.5% QoQ, while Packaging film sales volume increased by 6.8% YoY and 2.3% QoQ.

Normalized Profit After Tax (PAT) for the quarter was Rs. 580 million, compared to Rs. 823 million in Q1 FY25.

Virgin PET Chips: Egypt’s 216,000 MT vPET chips plant achieved a capacity utilization of 74.6% in its first full quarter of operations since commissioning, while in India, the Panipat plant’s utilization rose to 96.6% in Q1 FY26 compared to 65.2% in Q1 FY25 and 72.9% in Q4 FY25.

Capex Update

Capex in Q1 FY26

➢ Incurred total project capex of Rs 4,117 million during the quarter, with major allocation to following four projects: a) Egypt: Rs. 1,694 million for the Aseptic packaging facility, b) Mexico: Rs. 441 million for the WPP bag manufacturing unit, c) India-Sanand: Rs 205 million for the debottlenecking at Asepto facility, and d) India-Noida: Rs. 470 million for the PET and MLP recycling unit

PET, MLP Recycling unit: ➢ Setting up two recycling plants in Noida (PCR rPET chips plant - 36,000 MTPA; MLP recycling plant - 3,600 MTPA) with an estimated outlay of

Rs. 3,171 million, of which Rs. 470 million has been incurred so far, and commissioning expected in FY26.

Investing in Future

India

Aseptic (liquid) Packaging Debottlenecking Project: ➢ Asepto India's debottlenecking will expand capacity from 7 billion to 12 billion packs per annum, resulting in a 70% increase in capacity. ➢ With an estimated outlay of ~USD 24 million (Rs. 2,026 million), ~USD 24.3 million (Rs. 2,076 million) has already been incurred and

commissioning is expected in H2 FY26.

Aseptic Packaging Facility: ➢ To meet the growing demand for aseptic packaging in Egypt, Europe, the Middle East and East Africa, UFlex plans to commission an Aseptic

packaging facility in Egypt with an annual capacity of 12 billion packs.

➢ The project has an estimated cost of approximately USD 126 million (Rs. 10,778 million), of which USD 56.7 million (Rs. 4,850 million) has

already incurred, and it is expected to be commissioned in FY26.

Egypt

Woven Polypropylene (WPP) Plant: ➢ Setting up an 80 million-capacity WPP bag manufacturing plant to meet the growing demand for pet food packaging, to be commissioned in

Mexico

FY26. This plant will cater to the high-growth pet food market across North and South America.

➢ The project has an estimated outlay of USD 50 million (Rs. 4,222 million) of which USD 42.4 million (Rs. 3,627 million) has been incurred.

India: USD = 85.54 Q1 FY26

Packaging Films Production Volume across Geographies

Geographic % contribution to total packaging film production vol.

Capacity, Production and Utilization

Production volume change

Q1 FY26

11%

26%

127,912 MTPQ

10%

20%

Q4 FY25

11%

24%

127,778 MTPQ

11%

19%

Q1 FY25

11%

22%

128,931 MTPQ

11%

22%

India

Dubai

Egypt

Nigeria

CIS

Poland

Hungary

USA

Mexico

Capacity (MTPQ)

Q1 FY26 Production (Utilization %)

Q4 FY25 Production (Utilization %)

Q1 FY25 Production (Utilization %)

QoQ

YoY

41,040

India

33,110 (80.7%)

30,279 (73.8%)

28,557 (69.6%)

10,000

Dubai

6,903 (69%)

7,782 (77.8%)

7,333 (73.3%)

28,500

Egypt

25,280 (88.7%)

24,379 (85.5%)

28,611 (100.4%)

11,250

12,000

Nigeria

5,994 (53.3%)

9,277 (82.5%)

8,731 (77.6%)

CIS

10,061 (83.8%)

8,995 (75%)

7,546 (62.9%)

18,750

Poland

13,038 (69.5%)

13,948 (74.4%)

14,550 (77.6%)

10,500

Hungary

11,661 (111.1%)

11,123 (105.9%)

11,034 (105.1%)

7,500

USA

7,851 (104.7%)

8,005 (106.7%)

8,524 (113.7%)

19,500

Mexico

14,014 (71.9%)

13,990 (84.8%)

14,045 (93.6%)

159,040

Total

127,912 (80.4%)

127,778 (81.9%)

128,931 (83.4%)

*Capacity and production data are measured in metric tons per quarter (MTPQ), while utilization is expressed as a % ; The capacity of the Noida plant in India has been upgraded with technological enhancements. The overall new packaging film capacity of the India plants is now 164,160 MTPA, up from the capacity of 155,000 MTPA ; As of March 2024, the capacity of the CIS plant was 30,000 MTPA. Following the commissioning of the new 18,000 MTPA CPP line, the plant's new capacity is 48,000 MTPA; The Hungary plant commissioned in 2021 at 42,000 MTPA; over the period capacity upgraded to 45,000 MTPA with technological enhancements

0.1% ▲-0.8% ▼9.3% ▲15.9% ▲-11.3% ▼-5.9% ▼3.7% ▲-11.6% ▼-35.4% ▼-31.4% ▼11.9% ▲33.3% ▲-6.5% ▼-10.4% ▼4.8% ▲5.7% ▲-1.9% ▼-7.9% ▼0.2% ▲-0.2% ▼Packaging Films Production Volume across Geographies

Films Production Capacity (MTPA) as of March 31

Geographic Breakdown of Total Packaging film Production vol. (%)

Capacity, Production and Utilization

India

Dubai

Egypt

Nigeria

CIS

Poland

Hungary

USA

Mexico

FY25 Production (Utilization %)

FY24 Production (Utilization %)

FY23 Production (Utilization %)

FY22 Production (Utilization %)

FY21 Production (Utilization %)

India

121,842 (74.2%)

115,202 (74.3%)

94,994 (90%)

104,907 (114%)

95,962 (104.3%)

Dubai

29,038 (72.6%)

25,355 (63.4%)

24,141 (62.7%)

21,593 (98.2%)

25,326 (115.1%)

Egypt

104,368 (91.6%)

101,944 (89.4%)

107,772 (94.5%)

110,846 (97.2%)

77,285 (99.1%)

Nigeria

35,337 (78.5%)

26,444 (58.8%)

21,190 (47.1%)

25,760 (76.3%)

CIS

38,201 (79.6%)

29,594 (98.6%)

29,917 (99.7%)

28,917 (96.4%)

23,079 (102.6%)

Poland

52,637 (70.2%)

48,750 (65%)

61,039 (81.4%)

73,642 (98.2%)

52,868 (100.7%)

Hungary

44,105 (105%)

34,811 (82.9%)

34,659 (82.5%)

39,642 (94.4%)

USA

33,743 (112.5%)

30,581 (101.9%)

30,655 (102.2%)

31,688 (105.6%)

31,653 (105.5%)

Mexico

55,487 (90.2%)

53,735 (89.6%)

46,066 (76.8%)

60,084 (100.1%)

59,259 (98.8%)

Total

FY25

11%

24%

514,758 MT

10%

20%

FY24

12%

25%

466,416 MT

10%

22%

FY23

10%

21%

450,433 MT

13%

24%

To calculate capacity utilization, We use the proportion of the annual capacity that is operational during the fiscal year, which is computed by dividing the yearly capacity by 12 and factoring in the months of operation after commissioning.

Poland: In Q3 FY21(OND20), 45,000 MTPA second BOPET line was commissioned, so 6 months of its capacity(45k/12*6) and 30,000 MTPA from the first line were used in the FY21 utilization calc.; Hungary : 42,000 MTPA BOPP line was commissioned in Q1 FY22, starting April 1, 2021.; Dubai: Production on the 30,000 MTPA second BOPET line ceased in early June 2019, only 5,000 MT considered in FY20, alongside 22,000 MT from the first line for utilization. Production of the 18,000 MTPA CPP line started in May 2022, so 16,500 MT (11 months) of capacity was included in FY 23 utilization .; CIS: 30,000 MTPA BOPET line in CIS was commissioned in Q2 FY21 (JAS20).So 22,500 MT (9 month) of capacity used in FY21 for utilization; Dharwad, India: 18,000 MTPA CPP line was commissioned in Q2 FY23 (JAS22, 9 mon. of capacity for utilization in FY23), & 45,000 MTPA BOPET line was commissioned on March 31, 2023. Nigeria: 45,000 MTPA film line was commissioned in Q2 FY22 (JAS21), So, 33,750( MT (9 months) of capacity for utilization in FY22.; Egypt: 42,000 MT BOPP line commissioned in Q4 FY21(JFM 21).;

92,00092,000155,000155,000164,16022,00022,00040,00040,00040,000FY21FY22FY23FY24FY25114,000114,000114,000114,000114,000NA45,00045,00045,00045,00030,00030,00030,00030,00048,00075,00075,00075,00075,00075,000NA42,00042,00042,00042,00030,00030,00030,00030,00030,00060,00060,00060,00060,00078,000423,000510,000591,000591,000636,160514,758 (83.1%)466,416 (78.9%)450,433 (83.4%)497,079 (99.7%)365,432 (102.4%)Packaging and Chemicals Production Volume

% Breakdown of production vol. by packaging products & chemicals

Capacity, Production and Utilization

Production volume change

Liquid packaging

Flexible packaging

Chemicals (Inks & Adhesives)

Q1 FY26

20%

41%

50,690 MTPQ

39%

Q4 FY25

21%

37%

45,798 MTPQ

42%

Q1 FY25

22%

38%

47,239 MTPQ

40%

Capacity (MTPQ)

Q1 FY26 Production (Utilization%)

Q4 FY25 Production (Utilization%)

Q1 FY25 Production (Utilization%)

QoQ

YoY

15,000

Liquid packaging

20,535 (136.9%)

17,162 (114.4%)

17,844 (119%)

25,000

Flexible packaging

19,789 (79.2%)

18,994 (76%)

18,819 (75.3%)

17,433

Chemicals (Inks & Adhesives)

10,366 (59.5%)

9,642 (60%)

10,576 (65.8%)

*Capacity and production data are measured in metric tons per quarter (MTPQ), while utilization is expressed as a %

19.7% ▲15.1% ▲4.2% ▲5.2% ▲7.5% ▲-2.0% ▼Global Manufacturing footprints

17 State-of-the-Art Manufacturing Facilities Strategically Located across 5 Continents and 9 Countries

Overall Global Capacity of 1.3 mn+ MTPA: Ready to deliver Anywhere in the World within 15 Days

Americas

Capacity (MTPA)

30,000

78,000

Europe

Capacity (MTPA)

75,000

48,000

42,000

Middle East & Africa

Capacity (MTPA)

Hungary (Packaging Films)

Kentucky, US (Packaging Films)

Mexico (Packaging and CPP Films)

Nigeria (Packaging Films)

, Egypt, (Packaging Films, vPET chips)

Plant

Mexico

Plant

Poland

CIS

Hungary

Plant

Dubai

Nigeria

Egypt p. film

Egypt vPET Chips

40,000

45,000

1,14,000

2,16,000

Plant

India

Capacity (MTPA)

Packaging Films Business

Noida & Dharwad

1,64,160

Flexible Packaging

Noida & Jammu

1,00,000

Stupino, CIS (Packaging Films)

Września, Poland (Packaging Films)

Jammu, India (Flexible Packaging)

Aseptic Liquid Packaging

Bangladesh

Noida, India (Packaging Films and Flexible Packaging) Panipat, India (PET Chips) Sanand, India (Aseptic Liquid Packaging)

Dharwad, India (Packaging Films)

Sanand

60,000

Virgin PET Chips – Panipat

1,68,000

Holography

Chemicals (Inks & Adhesives) Noida and Jammu

20,600

69,730

Jebel Ali Free Zone Dubai, UAE (Packaging Films)

Business Centres

Americas

Europe

Middle East & Africa

India

Bangladesh

India: Technological enhancement over the period in the Noida plant improved UFlex India’s combined (Noida+ Dharwad) capacity to 164,160 MTPA from 155,000 MTPA; CIS: The plant capacity increased to 48,000 MTPA post commissioning of the new CPP line (18,000 MTPA) in Apr ‘24; Hungary: Technological enhancement over the period upgraded the plant capacity to 45,000 MTPA from 42,000 MTPA (commissioned 2020-21);

Integrated Manufacturing Capacities Across Geographies 1

Extensive Suite of Products in Every Region We Operate

Resins & Moulding 4,58,317 MTPA

Base Packaging Films 6,36,160 MTPA

Value Added Packaging Films 2,52,800 MTPA

Value Added Products (VAP)

vPET Chips (MTPA)

rPET Chips (MTPA)

rMLP Granules (MTPA)

BOPET (MTPA)

BOPP (MTPA)

CPP (MTPA)

Metalized (MTPA)

Alox Coated (MTPA)

Chemicals (Inks & Adhesives) MTPA

Holography (MTPA)

Printing Cylinders (No.)

Flexible Packaging (MTPA)

Aseptic Liquid Packaging (mn)

Engineering

1,68,000

10,020

21,397

1,09,800

31,200

23,160

58,500

2,16,000

18,000

22,000

18,000

12,600

30,000

77,000

7,000

72,000

2,200

3,900

75,000

30,000

45,000

30,000

42,000

15,000

18,000

13,200

19,000

5,000

7,500

15,000

6,000

60,000

18,000

10,800

7,000

69,730

20,600

1,08,000

1,00,000

7,000

500

3,84,000

43,020

31,297

4,01,800

1,50,200

84,160

2,38,600

14,200

69,730

20,600

1,08,000

1,00,000

7,000

500

Locations (Capacities Data as of Mar ‘25)

India

Dubai

Egypt

Nigeria

CIS

Poland

Hungary

USA

Mexico

Total

1. Virgin polyethylene terephthalate chips (vPET ) ; 2. Recycled polyethylene terephthalate (rPET); 3. Biaxially oriented polyethylene terephthalate(BOPET); 4. Biaxially Oriented Polypropylene (BOPP); 5. cast polypropylene (CPP); 7. Metric tonnes per annum (MTPA); Packaging Films(P. Films);

India’s Decade of Outperformance

India to become 3rd Largest Economy by FY29

India's Rising GDP per Capita ➔ Higher Consumer Spending

GDP in US$ trillion (Real GDP growth %)

GDP per Capita at current prices in US$ (‘000) per capita

2025

2029F

2025F

USA

China

19.2 ; (4%)

Germany

4.7 ; (0%)

India

Japan

4.2 ; (6.2%)

4.2 ; (0.6%)

3.8 ; (1.1%)

France

3.2 ; (0.6%)

30.5 ; (1.8%)

USA

35.5 ; (2.2%)

24.6 ; (4.5%)

China

India

6.3 ; (6.5%)

Germany

5.6 ; (0.8%)

Japan

5.1 ; (1.1%)

4.4 ; (1.5%)

France

3.7 ; (1.1%)

USA

Germany

France

Japan

China

89.1

72.6

63.7

65.6

54.7

28.9

India

12.1

CAGR ~7.7%

India

16.3

USA

Germany

France

Japan

China

2029F

101.9

81.9

71.3

73.5

61.9

37.0

Rapid Urbanisation

India's Polymer Consumption: Underpenetrated with ≥4–7x growth potential

2025: Population (Mn)

India: Urban Population as % of Total Population

Consumption per Capita of Virgin Polymer 2021-22 (Kg)

India

China

USA

Japan

Germany

France

342

123

84.9

69.9

68.6

1454

1405

2036E

2022

2011

2000

1975

1960

40%

36%

30%

28%

21%

18%

112.0

Growth Opportunity

32.2

62.4

15.0

India

Brazil

China

USA

Source: GDP & population: IMF.org; Polymer consumption: PLASTINDIA foundation; Urban population as % of Total Population: Horwath HTL, Analyst Reports

Evolving Business Landscape of Packaging and Packaging Films

STEADY ECONOMIC GROWTH

FMCG DEMAND

SUSTAINABLE PACKAGING

Steady economic growth amidst global challenges

Although recovering, rural continues to outpace urban demand

EPR commitments to promote sustainable packaging

Macro Economic Environment

Global Growth Slowdown amid Policy Shifts

India to Maintain Robust 6.5% Growth in FY26F

Real GDP Growth (YoY %)

7.7

Real GDP Growth (YoY %)

3.7

2.1

2.4

1.4

6.5

7.6

9.2

6.5

3.3

3.0

3.1

World

1.8

1.5

1.6

Advanced Economies

2.8

1.9

2.0

0.9

1.0

1.2

5.0

4.8

4.2

Euro Area

China

2024

2025

2026F

2010-2019 avg

FY19

FY23

FY24*

FY25*

FY26F

•

Global growth projected at 3.0% in 2025 and 3.1% in 2026 – slightly higher

•

India’s economy is projected to grow by 6.5% in FY2026

than IMF’s April 2025 forecast.

Outlook for US and other advanced economies has been revised upwards due

to softer than expected tariff levels and looser financial conditions.

Real GDP growth forecast of 6.5% unchanged in Q1FY26.

Inflation forecast cut to 3.1% (from 3.7%) for FY26;

Rural demand continues to outpace urban, backed by lower food

Despite some moderation in US-China tariff rates after renewed trade talks,

inflation (CFPI) and favorable fiscal and monetary policies.

effective tariff levels remain historically high and continue to weigh on

o US tariff-driven trade uncertainties pose risks to growth

emerging market and developing economies through higher trade costs,

o Despite the risks, India remains among the fastest-growing major

disrupted supply chains, and tighter financing conditions.

economies, driven by resilient consumption and government spending.

Source: Global outlook: IMF’s July 2025 World Economic Outlook (WEO) report, India: RBI & MoSPI; Forex reserve as of March 28, 2025 : RBI * FY24 GDP figure is First Revised Estimates (FRE) while FY25 GDP figure is Provisional Estimate (PE)

Evolving Consumption Trends

Value continues to outpace Volume Growth

Volume: Rural continue to surpass Urban Growth

Rainfall Status: +3% LPA (1st June ’25 – 6th Aug ’25)

FMCG growth %

FMCG volume growth % in Rural & Urban

11.0%

10.2%

6.3%

13.9%

5.1%

6.0%

9.2%

8.4%

4.2%

4.6%

2.6%

4.9%

5.8%

1.3%

1.9%

5.4%

3.6%

3.3%

2.8%

AMJ'24

JAS'24

OND'24

JFM'25

AMJ'25

AMJ'24

JAS'24

OND'24

JFM'25

AMJ'25

Value

Volume

Rural

Urban

CPI Lowest since Jun 2017, CPI-Food since Jan 2019

Green Shoots Emerging in Consumer Non-Durables

% 7 8

% 8 4

% 4 9

% 1 5

% 2 9

% 5 5

% 4 5

% 6 3

% 7 5

% 7 3

CPI

% 9 0 1

% 4 8

% 0 9

% 2 6

% 5 5

% 2 5

CPI Food

% 0 6

% 8 3

% 3 4

% 6 3

% 3 3

% 7 2

4 2 - r p A

4 2

- y a M

4 2 - n u J

4 2

- l u J

4 2 g u A

4 2 p e S

4 2 - t c O

4 2 - v o N

4 2

- c e D

5 2 - n a J

5 2

b e F

5 2 - r a M

5 2 - r p A

5 2

- y a M

% 2 3

% 8 2

% 1 2

% 6 1

% 8 1

% 0 1

5 2 - n u J

% 8 1

5 2

- l u J

5.2%

% 8 2

% 3 0

% 8 2

% 2 2

% 6 0

% 1 0

% 0 1

% 5 2

4 2 - r a M

4 2 - r p A

4 2

- y a M

4 2 - n u J

% 2 3

4 2 b e F

4 2 - n a J

% 2 4

4 2

- l u J

% 4 4

4 2 g u A

% 1 7

% 1 2

4 2 p e S

4 2 - t c O

4 2 - v o N

4 2

- c e D

5 2 - n a J

5 2 b e F

% 4 0

% 0 1

5 2

- y a M

5 2 - n u J

% 7 2

5 2 - r p A

% 7 4

5 2 - r a M

Large Excess 60% or more

Excess 20%-59%

Normal -19% to 19%

Deficient -59% to 20%

Above normal rainfall during the period

Source: FMCG consumption growth and FMCG volume growth % in rural & Urban: NIQ, market intelligence ; CPI Food & CPI: MoSPI, Consumer non-durable growth: Estimates of IIP MoSPI; Rainfall status: IMD

Pricing Trends of Packaging Films and Related Commodities

BOPP and BOPET prices firmed up in Q1 FY26 before easing.

Average commodity prices softened during the quarter

4 5 4 1

1 5 3 1

2 6 2 1

9 2 2 1

1 2 2 1

8 9 2 1

4 7 2 1

5 8 2 1

0 6 1 1

0 2 1 1

0 0 1 1

0 6 0 1

0 3 1 1

5 9 0 1

8 4 4 1

0 9 3 1

8 5 2 1

1 2 2 1

2 9 1 1

0 8 2 1

8 6 2 1

0 4 2 1

2 5 2 1

7 4 2 1

6 2 2 1

8 0 3 1

0 2 3 1

8 5 2 1

0 6 2 1

8 8 4 1

5 9 4 1

3 2 4 1

0 9 9

5 9 9

8 7 9

6 0 0 1

3 8 0 1

8 0 0 1

2 1 0 1

6 2 0 1

4 9 9

0 6 9

5 2 9

9 2 9

2 4 9

3 2 9

0 4 9

6 3 9

0 5 9

0 2 2 1

3 1 2 1

0 1 2 1

8 8 1 1

7 7 0 1

0 4 1 1

8 0 1 1

5 4 1 1

2 3 1 1

3 0 0 1

3 7 9

7 3 9

7 5 0 1

5 8 9

7 6 9

6 4 8

8 0 8

5 2 8

6 2 8

4 8 7

4 6 7

3 6 7

5 4 7

4 6 7 3 0 7

9 9 6

5 8 6

5 5 7

8 4 7

5 5 7

7 3 7

4 0 7

5 9 6

7 3 9 2 6 8

1 0 8

6 0 9

9 2 8

1 0 8

6 7 7

9 8

4 5 8

5 3 8

2 5 8

8 1 8

3 2 8

3 0 8

6 6 7

4 8 7

7 6 7

5 4 7

0 3 7

6 7 7

9 6 7

9 5 7

1 8 7

7 8 7

1 8 7

9 7

8 7

2 3 7

7 2 7

2 7

6 2 7

0 2 7

9 0 7

0 4 7

6 3 7

6 3 8

5 2 8

5 7 7

0 8 7

4 0 8

3 9 7

7 2 7

6 5 7

0 4 7

4 7

9 3 7

3 1 7

3 0 7

2 0 7

7 0 7

3 9 7

4 5 7

0 5 7

4 7

7 2 7

8 2 7

2 3 6

1 2 6

0 2 6

6 2 6

0 7 6

0 6 6

8 4 6

7 4

6 6 4

5 4

4 4 4

0 4 4

0 2 4

6 2 4

9 2 4

3 2 4

0 4 4

0 1 4

9 0 4

0 7 4

9 7 4

6 7 4

7 6 4

6 6 4

6 5 4

7 8 4

2 9 4

8 9 4

6 9 4

7 0 5

1 1 5

2 0 5

1 8 6

4 1 7 5 4 6

0 1 7

2 8 6

2 2 7

6 1 7

5 2 7

5 8 6

0 6 6

3 5 6

5 4 6

1 5 6

3 1 6

6 4

3 7 4

4 7 4

5 8 4

9 8 5

2 5 4

3 2 - n a J

3 2 - b e F

3 2 - r a M

3 2 - r p A

3 2 - y a M

3 2 - n u J

3 2 - l u J

3 2 - g u A

3 2 - p e S

3 2 - t c O

3 2 - v o N

3 2 - c e D

4 2 - n a J

4 2 - b e F

4 2 - r a M

4 2 - r p A

4 2 - y a M

4 2 - n u J

4 2 - l u J

4 2 - g u A

4 2 - p e S

4 2 - t c O

4 2 - v o N

4 2 - c e D

5 2 - n a J

5 2 - b e F

5 2 - r a M

5 2 - r p A

5 2 - y a M

5 2 - n u J

5 2 - l u J

5 2 - g u A - 5 1

18 micron plain BOPP film average monthly price (Rs./ KG)

12 micron plain BOPET film average monthly price(Rs./ KG)

3 2 - n a J

3 2 - b e F

3 2 - r a M

3 2 - r p A

3 2 - y a M

3 2 - n u J

3 2 - l u J

3 2 - g u A

3 2 - p e S

3 2 - t c O

3 2 - v o N

3 2 - c e D

4 2 - n a J

4 2 - b e F

4 2 - r a M

4 2 - r p A

4 2 - y a M

4 2 - n u J

4 2 - l u J

4 2 - g u A

4 2 - p e S

4 2 - t c O

4 2 - v o N

4 2 - c e D

5 2 - n a J

5 2 - b e F

5 2 - r a M

5 2 - r p A

5 2 - y a M

5 2 - n u J

5 2 - l u J

5 2 - g u A - 5 1

PTA

MEG

MELT

Brent Crude Spot Price

Rs/Kg: PTA, MEG, MELT; USD/barrel: Europe Brent Crude Spot Price FOB

BOPET & BOPP film price: Market intelligence; PTA, MEG, and MELT prices are sourced from ICIS, PLATTS, and ME Global. These prices represent the average import index price, with PTA and MEG calculated as the average of ICIS and PLATTS prices. From April 2023 onwards, ME Global prices are used for MEG; Note: Import duty, terminal handling charges, and local freight costs are not included in the price and will be added separately on this price. Brent crude oil: EIA; monthly prices are calculated by the U.S. Energy Information Administration (EIA) by taking an unweighted average of the daily closing spot prices.

*The charts above exhibit the trend of average market prices and do not represent UFlex’s actual sale or purchase prices.

Financial Summary

➢ Key Standalone Financial

Performance

➢ Key Consolidated Financial

Performance

➢ Consolidated Financial

Overview

Standalone P&L Summary

Particulars (Rs. Mn.)

Q1 FY26

Q4 FY25

Q1 FY25

Revenue

Expenditure

EBITDA

EBITDA Margin (%)

Depreciation and Amortization

Finance Cost

Profit Before Tax

Profit After Tax

Profit After Tax Margin (%)

EPS (Rs.)

20,755

18,272

2,483

12.0%

794

914

775

571

2.8%

7.91

20,117

17,752

2,365

11.8%

791

796

778

712

3.5%

9.86

18,741

16,508

2,233

11.9%

795

803

634

478

2.6%

6.62

QoQ

3.2%

2.9%

5.0%

20bps

0.5%

14.8%

(0.5%)

(19.7%)

(80 bps)

(19.8%)

YoY

10.7%

11.2%

10bps

(0.1%)

13.7%

22.2%

19.5%

20 bps

19.5%

Note: 1) Numbers in the table may not add up due to rounding-off. 2) Previous year figures have been regrouped wherever necessary.

Standalone Spotlight on Key Financials over the Years

Sales (Vol. MT)

Revenue (Rs. Mn)

EBITDA (Rs. Mn) and Margin

16.5%

11.9%

11.2%

11.6%

11.9%

12.0%

2 0 8 4 9 1

3 9 6 9 0 2

7 5 7 1 3 2

0 2 2 8 5 2

2 5 1 6 6 2

1 1 4 4 7

0 7 1 8 6

6 1 5 6 6

6 9 0 8 7

5 5 7 0 2

4 5 5 6 4

6 0 2 7 5

0 6 6 7

7 9 7 6

8 1 6 7

1 0 7 7

7 8 2 9

3 8 4 2

FY21

FY22

FY23

FY24

FY25 Q1FY26

FY21

FY22

FY23

FY24

FY25 Q1FY26

FY21

FY22

FY23

FY24

FY25 Q1FY26

PAT (Rs. Mn) and Margin

Gross Debt (Rs. Mn)

Net Debt (Rs. Mn)

4.9%

3.9%

3.6%

2.4%

2.7%

2.8%

4 0 3 2

3 2 2 2

7 3 4 2

5 4 1 2

2 7 5

0 1 6 1

0 7 2 9 1

0 4 3 3 2

0 4 6 4 1

3 4 9 5 3

4 4 7 6 3

0 3 3 0 3

0 5 8 5 2

4 9 2 8 2

4 4 0 1 3

0 3 9 0 2

0 3 4 5 1

0 7 4 0 1

FY21

FY22

FY23

FY24

FY25 Q1FY26

FY21

FY22

FY23

FY24

FY25 Q1FY26

FY21

FY22

FY23

FY24

FY25 Q1FY26

Consolidated P&L Summary*

Particulars (Rs. Mn.)

Total Revenue

Expenditure

Normalized EBITDA

Normalized EBITDA margin (%)

Fx currency (gain)/loss and derivative instruments EBITDA

EBITDA Margin (%)

Depreciation and Amortization

Finance costs

Profit / (Loss) before Exceptional items

Exceptional items (Refer Note)

Profit / (Loss) before tax

Net profit / (Loss) for the period

Profit After Tax Margin (%)

EPS (Rs.)

Q1 FY26

Q4 FY25

Q1 FY25

39,219

34,431

4,698

12.0%

(89)

4,788

12.2%

1,867

1,988

933

580

1.5%

8.03

38,767

34,012

4,811

12.4%

4,755

12.3%

1,763

1,844

1,148

(700)

1,848

1,686

4.3%

23.34

36,856

32,422

4,682

12.7%

249

4,434

12.0%

1,734

1,619

1,081

1,808

(726)

(984)

(2.7%)

(13.63)

QoQ

1.2%

(2.3%)

-43 bps

0.7%

(10 bps)

5.9%

7.8%

YoY

6.4%

6.2%

0.3%

-72 bps

8.0%

20 bps

7.7%

22.8%

(18.8%)

(13.8%)

(49.5%)

(65.6%)

(290 bps)

Note: 1) Numbers in the table may not add up due to rounding-off. 2) Previous year figures have been regrouped wherever necessary. * Pursuant to an accounting realignment, 'Share of (Loss) of Associate & Jointly Controlled Entities' has been reclassified from 'Total Income' to below ' PAT' in line with industry best practices. Prior periods figures have been restated for consistency and comparability.

Consolidated Spotlight on Key Financials over the Years

Sales (Vol. MT) Packaging Films Films - Domestic 599,259

463,620

587,118

Packaging Films - International

599,616

647,499 170,504

100.0%

90. 0%

80. 0%

70. 0%

60. 0%

50. 0%

40. 0%

30. 0%

20. 0%

10. 0%

0.0%

21.24%

78.76%

% 8 2 8 5

% 7 4 0 2

17.32%

82.68%

% 8 2 5 6

% 0 4 7 1

23.45%

23.92%

22.30%

23.88%

76.55%

76.08%

77.70%

76.12%

% 6 4 0 6

% 9 0 6 1

% 4 4 8 5

% 4 6 7 1

% 0 8 0 6

% 0 9 6 1

% 6 2 9 1

% 6 8 6 5

100.0%

90. 0%

80. 0%

70. 0%

60. 0%

50. 0%

40. 0%

30. 0%

20. 0%

10. 0%

0.0%

Revenue (Rs. Mn)

Norm. EBITDA (Rs. Mn) and Margin (%)

Domestic

International

132,368

147,845

135,098

151,838

89,149

74,316

60%

58%

55%

51%

49%

53%

47%

40%

42%

45%

39,219 *

56% 44%

20.5%

17.1%

14.0%

11.9%

12.5%

12.0%*

0 7 2 8 1

0 8 6 2 2

0 8 6 0 2

3 0 1 6 1

* 4 2 0 9 1

* 8 9 6 4

FY21

FY22

FY23

FY24

FY25 Q1FY26

FY20

FY21

FY22

FY23

FY24

FY25 Q1FY26

FY21

FY22

FY23

FY24

FY25 Q1FY26

PAT (Rs. Mn) and Margin (%)

Norm. PAT (Rs. Mn) and Margin (%)

Capex. (Rs. Mn)

9.5%

8.3%

3.3%

-5.1%

0.9%

1.5%

9.5%

8.6%

4.3%

1.3%

2.1%

1.5%

7 0 8 4

9 2 4 8

3 8 9 0 1

0 1 9 6

3 2 4 1

0 8 5

7 0 3 6

4 6 3 1 1

9 2 4 8

1 0 2 3

3 0 8 1

0 8 5

5 5 1 1 1

5 3 6 9

7 7 7 2 1

8 4 3 6 1

8 5 2 7 1

7 1 1 4

FY21

FY22

FY23

FY24

FY25 Q1FY26

FY21

FY22

FY23

FY24

FY25 Q1FY26

FY21

FY22

FY23

FY24

FY25 Q1FY26

Packaging = Flexible packaging, Liquid packaging, and Holography; Domestic & International revenue split as % of total revenue is based on point of destination; PAT: Net (Loss) / Profit after Non - Controlling interest ; FY21 and FY23 sales volumes are reported after eliminating intercompany sales volumes adjustment, resulting in figures that differ from historically reported total sales volumes for these fiscal years.; * Under the old reporting regime, Q1 FY26 Revenue, EBITDA and EBITDA margin would been Rs. 39,179 Mn, Rs. 4,659 Mn and 11.8%, respectively.

Consolidated Revenue Split

Q1FY26: Business-wise rev. split as a % of total rev.

Q1FY25: Business-wise rev. split as a % of total rev.

Packaging films, 63.2%

Rs. 39,006 Million 99.5%

Packaging, 28.9%

Engineering, 2.1%

Others VAP, 5.2%

Packaging films, 62.2%

Rs. 36,538 Million 99.1%

Packaging, 28.4%

Engineering, 2.6%

Others VAP, 5.9%

Q1FY26: Geographical rev. split as a % of total rev.

Q1FY25: Geographical rev. split as a % of total rev.

Middle East & Africa, 13.2%

Rs. 39,006 Million 99.5%

India, 49.1%

Europe, 17.6%

Americas, 17.6%

Others , 1.8%

Middle East & Africa, 16.2%

Europe, 17.4%

Rs. 36,538 Million 99.1%

Americas, 18.6%

India, 45.5%

Others , 1.5%

Packaging films = Packaging films & Polyester chips; Packaging = Flexible packaging, Liquid packaging, and Holography; Engineering = Machinery and Printing cylinders; Others value added product (VAP) = Inks & Adhesives and other operating income; Geographical split as a % of total revenue is based on point of origin; Middle East and Africa: Dubai, Egypt, & Nigeria; Europe: Hungary, Poland and CIS; Americas: USA, Mexico;

Q1 FY26 EBITDA Bridge

Normalized EBITDA Bridge (Q1FY25 vs Q1FY26)

EBITDA improvement led by healthy performance in the packaging films and flexible packaging segment

Increase

Decrease

Total

2,363

4,434

(1,009)

(218)

(522)

(259)

4,788

4,698

(89)

EBITDA Q1FY25

Revenue

COGS

Power & fuel

Emp. exp.

Other exp.

EBITDA Q1FY26

Exch. & der.

Norm. EBITDA Q1FY26

• Revenue increased by 6.4% YoY, primarily driven by higher volumes, right product mix, better realizations in India and robust gains in Europe and CIS markets.

•

Improved operating profits driven by volume growth, and improved product mix.

• Note: Rs. 89 million related to foreign currency (gains)/losses in derivative instruments are absolute adjustments made to calculate normalized EBITDA. This figure does not represent an increase

compared to same quarter previous year.

1. Bracket implies negative numbers

Q1 FY26 EBITDA to Normalized PAT

EBITDA to Normalized PAT (Q1FY26)

BASIC EPS

Q1 FY26

Weighted Av. No. of shares (millions)

72.2

Normalized earnings per share1

Rs. 8.03

4,788

(1,867)

(1,988)

933

(314)

580

EBITDA

D&A

Finance Costs

PBT (excl. excep.) Exceptional Items

PBT

Tax Expense

PAT

Add: Excep. Item Normalized PAT

1. Normalized earnings per share based on adjusted net income excluding exceptional items related to Nigeria, Egypt & Mexico currency translation

1. P A T : PAT after non - Controlling interest

Consolidated Debt Profile

Debt breakdown

Split of gross debt as of Jun 2025

Particulars (Rs. Mn)

Jun-2025 Mar-2025 Dec-2024 Sep-2024

Long Term

Working Capital and Short Term

Total Debt

Net Debt

63,879

59,937

54,460

54,952

22,027

21,223

17,781

14,605

85,906

73,055

81,160

68,432

3.60x

72,241

61,507

3.24x

69,557

57,898

3.20x

Net Debt/Norm. EBITDA*

3.89x

Long term debt 74.4%

Rs. 85,906 Million

Working Capital and Short term debt 25.6%

Debt over the years (Rs. bn)

Split of long-term debt as of Jun 2025

Gross debt (Rs. Bn)

Net debt (Rs. Bn)

▪ LT and ST Borrowings Rating CRISIL AA-/Stable/CRISIL A1+ , as of May 2025 ▪ LT and ST Borrowings Rating Ind AA-/Stable/IND A1+ , as of Jun. 2024

4 1 2

8 6 1

0 1 2

5 7 1

8 0 2

3 7 1

1 1 2

0 8 1

9 5 3

4 1 3

9 9 3

3 3 3

2 1 8

4 8 6

2 7 6

7 5 5

9 4 5

9 3 4

6 5 4

3 9 3

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24

FY25

Domestic 41.2%

Rs. 63,879 Million

Overseas 58.8%

WPP (Mexico), aseptic (Sanand & Egypt), and PCR recycling (Noida) projects are nearing completion, expected to boost capacities, create new revenue streams, enhance profitability, and support balance sheet deleveraging and shareholder value creation.

*Annualised Normalized EBITDA; Billion (Bn); Million (Mn); Gross debt includes both current and non-current borrowings.; Cash and cash equivalents include Current Assets: Cash, Bank Balances, and Other Non- Current Financial Assets such as Fixed Deposits, Margin Money Deposits (over 12 months), and Debt Security Coverage Account balances with lender banks.;

Consolidated Financial Overview (1/2)

Key Financials Ratios

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24

FY25

EBITDA Margin

12.2%

12.1%

13.2%

13.8%

13.2%

12.6%

14.9%

20.5%

17.2%

12.7%

11.2%

12.0%

Normalized EBITDA Margin

12.2%

12.4%

14.5%

14.2%

13.1%

12.7%

14.7%

20.0%

17.1%

14.0%

11.9%

12.5%

PAT Margin

3.4%

4.1%

4.9%

5.3%

4.6%

3.9%

5.0%

9.5%

8.3%

3.3%

-5.1%

0.9%

Normalized PAT Margin

3.4%

4.1%

4.9%

5.3%

4.6%

3.9%

5.0%

9.5%

8.6%

4.3%

1.3%

2.1%

ROCE

10.9%

11.1%

12.5%

12.2%

11.0%

11.8%

11.0%

16.9%

18.2%

11.7%

7.2%

9.0%

Normalized ROCE (EBIT basis)

Normalized ROCE (EBITDA basis)

10.9%

11.5%

14.4%

12.8%

10.9%

12.0%

10.8%

16.4%

18.1%

13.4%

8.1%

9.6%

17.4%

18.0%

20.8%

19.5%

17.9%

19.2%

17.1%

22.0%

23.7%

18.8%

13.6%

15.2%

ROE

7.6%

8.6%

9.6%

9.8%

8.2%

7.6%

8.2%

16.5%

18.0%

6.8%

-9.4%

1.9%

Normalized ROE

7.6%

8.6%

9.6%

9.8%

8.2%

7.6%

8.2%

16.5%

18.6%

8.9%

2.5%

4.4%

Normalized ROA

3.2%

3.9%

4.7%

5.0%

4.2%

4.0%

4.1%

7.7%

8.7%

4.1%

1.1%

1.7%

Return on capital employed(ROCE) = EBIT/Average capital employed; Capital employed = Total Assets – Current Liabilities; Return on assets (ROA) = Net income/Average total assets; ROE = PAT (after non-controlling interest)/Average equity; annualized (annu.); Annualized (annu.);

Consolidated Financial Overview (2/2)

Key Financials Ratios

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24

FY25

Net Debt to Equity

0.75

0.63

0.49

0.48

0.43

0.42

0.67

0.60

0.59

0.58

0.77

0.93

Net Debt to EBIDTA

2.97

2.58

1.99

1.95

1.91

1.79

2.83

1.82

1.72

2.34

3.68

3.76

Net Debt to Normalized EBITDA

Norm. EBITDA / Interest Expenses

Debt Service Coverage Ratio

Normalized Debt Service Coverage Ratio

2.95

2.52

1.81

1.89

1.93

1.77

2.87

1.86

1.73

2.12

3.46

3.60

3.09

4.12

5.28

4.96

4.54

4.66

4.86

7.79

7.03

4.37

3.01

2.73

1.07

1.11

1.47

1.61

1.74

1.85

1.92

3.99

3.02

1.91

1.11

1.19

1.08

1.13

1.62

1.66

1.73

1.87

1.89

3.90

3.01

2.10

1.18

1.24

Asset Turnover

0.91

0.92

0.94

0.91

0.90

0.99

0.81

0.79

0.99

0.94

0.78

0.81

Debtors Turnover

4.11

4.00

4.16

4.05

3.71

3.90

3.64

3.99

4.38

4.29

3.95

4.13

Inventory Turnover

6.82

6.02

5.54

5.47

5.50

5.95

5.01

4.69

5.20

4.45

3.94

4.15

Net Working Capital Turnover Ratio

12.28

9.71

8.46

8.68

7.96

7.84

7.07

6.25

6.00

5.42

5.14

6.74

Debt service coverage ratio (DSCR) = EBITDA/Debt obligations; Debt obligations = Instalments and lease payment + Interest expense; Instalments and lease payment = Previous year current maturities of long term borrowings + Previous year current lease liabilities; Asset turnover = Net revenue from sale of products & services / average total assets; Debtor turnover = Net revenue from sale of products & services / average debtors; Working capital turnover = Net revenue from sale of products & services / average working capital; Annualized (annu.);

At UFlex, Circular Economy Innovations such as Packaging film: “ASCLEPIUS ”, Made of 100% rPET Chips and Injection Molding Items made from rMLP Granules, are Paving the Way for a More Sustainable and Greener Tomorrow.

➢ Vision of Circularity

➢ ‘Project Plastic Fix’ Continues to Turn Waste into

Wealth

➢ Innovations for Sustainable Re-Use

➢ ESG

Project Plastic Fix: Paving the Way to a Circular, Greener and Sustainable Future

Circular Vision of UFlex

Extended Producer Responsibility (EPR) for Packaging

Mechanism

Collect

Recycle/ Reuse

Biodegrade

Problem

Solution

Sustainable Space

High

y t i r a u c r i C

Low

Carbon Footprint

High

Govt.Govt.

EPR - Guidelines

UFlex

Industry

Project Plastic Fix

Compliance to EPR

Consumer

Responsible Disposal

A: Flexible/Plastic Packaging B: Alternate to Flexible Plastics Packaging-Aluminum/Tin/Paper/Glass C: Future of Flexible/Plastic packaging

Extended Producer Responsibility Guidelines in India

Under Plastic Waste Management (Amendment) Rules, 2022, the Classification of Plastics is Defined Below: • •

Category I: Rigid Plastic Packaging. Category II: Flexible Plastic Packaging of a Single Layer/Multilayer (more than one layer with different types of plastic), Plastic Sheets and Covers made of Plastic Sheet, Carry Bags, Plastic Sachet or Pouches. Category III: Multi-layered Plastic Packaging (at least one layer of plastic and at least one layer of material other than plastic). Category IV: Plastic Sheets used for Packaging and Carry Bags Made of Composite Plastics.

• •

Year-wise Target for Minimum Level of Recycling of Plastic Waste across Different Categories

•

PIBOs Obligation for Recycling – Min. Level of Recycling of Plastic Packaging Waste (% of EPR target)

•

PIBOs Obligation for Use of Recycled Plastic Content – Mandatory Use of Recycled Plastic (% of plastic purchased)

Plastic Packaging Category

Target for

2024-25 2025-26 2026-27

2027-28

Category I: Rigid Plastic

Category II: Flexible Plastic Packaging Single/Multilayer

Category III: Multi-material Flexibles Plastic Packaging

Recycling

Incorporation of Recycled Content

Recycling

Incorporation of Recycled Content

Recycling

Incorporation of Recycled Content

Category IV: Plastic Sheets

Recycling

2028-29 onwards

Guidelines on Extended Producer Responsibility (EPR) for Plastic Packaging

Provision

Environmental Compensation (EC) shall be Levied Based on Polluter pays Principle, w.r.t. the Nonfulfillment of EPR Targets by PIBOs.

Violator

PIBOs.

PIBO: Producer, Brand Owner and Importers (PIBOs)

Violation

Environmental Compensation

Shortfall in EPR Target are as Follows: 1. Recycling 2. End of life Recycling 3. Mandated Use of Recycled Plastics

EC to be Levied at INR 5,000/Ton, at INR 10,000/Ton for 2nd Time and INR 20,000/Ton for 3rd Time. EC can be Carried Forward up to 3 Years as per EPR Guidelines.

Sustainability: 'Project Plastic Fix’ Continues to Turn Waste into Wealth

185 mn (2,569 MT) PET Bottles Recycled in Q1FY25

222 mn (3,084 MT) PET Bottles Recycled in Q1FY26

2,027 MT of MLP waste recycled in Q1FY25 and 2,526 MT in Q1FY26

180,875 units in Q1FY25 and 140,259 units in Q1FY26 of Core Plug & Adapter manufactured from MLP waste

100+ Product Variants, 6 Facilities

Operational Since 1995

Marching Towards a Greener and Sustainable Tomorrow

PCR PET Bottle & MLP Recycling

rPET Flakes

PCR (rPET) Chips

ASCLEPIUS 100% rPET Content film

rMLP Granules

rMoulding Products

1. Post-Consumer Recycled (PCR); 2. Recycled polyethylene terephthalate (rPET) 3. Multi-layered packaging plastic (MLP) 4. Polyethylene terephthalate(PET); 5. Metric Ton (MT)

Recycling Plants Across Geographies

Global

Mexico

Particulars

Capacity(MTPA)

PCR PET Chips

rMLP Granules

15,000

6,000

Egypt

Particulars

Capacity(MTPA)

PCR PET Chips

18,000

Poland

Particulars

Capacity(MTPA)

rMLP Granules

3,900

India

Noida

Particulars

Capacity(MTPA)

PCR PET Chips

rMLP Granules

10,020

9,600

Jammu

Particulars

Capacity(MTPA)

rMLP Granules

1,497

Malanpur*

Particulars

Capacity(MTPA)

rAMLP Moulding & Granules

10,300

* Malanpur is Asepto MLP waste recycling

Mexico

Egypt

Poland

Jammu

Noida

Malanpur

1. Post-Consumer Recycled (PCR); Polyethylene terephthalate (PET); 3. Recycled multi-layered packaging plastic (rMLP); Asepto MLP waste recycling:Products from Asepto paper pulp include pulp granules, egg trays, pulp paper sheets, kidney trays, and wall mounts. Products from Asepto Alu foil include metalized corrugated roof sheets, partition sheets, alu poly granules, laptop and glass covers, tray plates, and card bags.

Sustainability at UFLEX

The Ultimate Destination

Sustainability Initiatives towards Green Packaging

▪ First company in the world to recycle mix plastic waste

▪ Trendsetter in sustainable innovation and commitment towards the ‘Circular Economy’, via technologies, diverse product portfolio and processes.

▪ Pioneered Global sustainability campaign 'Project Plastic Fix’ - a four-fold approach towards sustainable and eco- friendly packaging

▪ Ensuring 100% Recyclability of Multi-Layer Packaging with RELAM 250 recycling machine that enables recycling of multi-layer packaging and recover high-quality granules

▪ MLP machine installed in the Noida plant

▪ Company is offering technology support and manpower training to the industry to

setup similar recycling units.

Conferred with Best Paper Award at Recycle’95 Davos Global Forum,1995 for Recycling of Mixed Plastic Waste

Sustainability Initiatives Towards Green Packaging

Converting Waste Plastic into Fuel with Pyrolysis Plant

▪ Commissioned Pyrolysis Plant, at Noida facility in October 2018

Asclepius Green Packaging Film to Create a Circular Economy

▪ Can convert 6 tonnes of discarded waste material generated every day into liquid fuel, hydrocarbon gas and carbon black further utilized in manufacturing processes

▪ Mixture of pyrolysis oil vapour and hydrocarbon gas subjected to fractional condensation to get separate fractions of hydrocarbon gas; pyrolysis wax; and pyrolysis oil

▪ Hydrocarbon gas is used in pyrolysis Hot Air Generator and energy generated is fed to the pyrolysis reactor for heating the plastic waste. Pyrolysis Oil or Light Distillate Oil is used as a liquid fuel in industrial boilers or Diesel Engines to produce electricity.

▪ Flex Films is offering an entire range of PCR grade film having up to 100% post-consumer recycled PET content under the brand name Asclepius

▪ Film technology based on upto 100% Post consumer waste recycled

(PCR) PET Resin

▪ Represents a 75% reduction in carbon footprint and significantly lower net energy requirement for production when compared to virgin BOPET grades

▪ Asclepius is the only up to 100% PCR BOPET film that has received the

prestigious ‘Kingfisher’ Certification from SCS Global Services

▪ Enables Customers achieve sustainability goals faster

❖ World Star Awards 2021 by World Packaging Organization (WPO) for PCR based

BOPET Film

❖ Asclepius AIMCAL 2019 Excellence in Sustainability for 90% Post-Consumer

Recycled-content (PCR) BOPET barrier film

Product Innovation – Chemicals (Inks & Adhesives)

FLEXPACK 5680

FLEXCOTE RE 2250/FLEXCOTE 9081LE

UV-LED Dual Cure Ink Series

UV-Curable Matt Coating

▪ FLEXPACK

5680

a polyurethane resin under commercial trials, designed for in plasticizing surface flexographic applications. It’s compatible with alcohols, esters, and co- intended for solvents, and flexographic ink systems.

▪ Special

Properties: with Compatible nitrocellulose and polyvinyl butyrate resins; ideal for flexo inks. High solids for low- viscosity colors. Excellent to milk, resistance oil, freezing, superior with printability and anti-blocking.

▪ FLEXCOTE RE 2250 / 9081LE is a high-performance, two- component solvent-based PU adhesive semi-retort for packaging. It delivers strong chemical and heat resistance, ideal for aggressive or heat- processed products.

▪ Special Properties: Works with transparent, metallized, and foil laminates; Bonds well to SiOx/AlOx barrier films; Resists sterilization, boiling, and deep draw; High chemical durability

flexo

▪ Next-Gen UV-LED Dual Cure for Ink Series designed narrow web label printing on hybrid presses with UV and UV-LED curing. Offers seamless adaptability and enhanced operational flexibility.

▪ Special Properties: High print fidelity, adhesion, and scratch resistance at high speeds; Compatible with papers, coated/uncoated films, and synthetics ; eco-friendly Supports printing with low energy use and zero ozone emissions

▪ UFlex UV-Curable Matt Varnish high- is performance overprint for narrow web coating flexo applications, delivering a premium matt finish functional reliability.

with

IML

▪ Special Properties: Anti- static for smooth robotic thermal handling; High for molding resistance temperatures; Fast UV curing for high-speed lines; Strong adhesion IML substrates like BOPP, PE, and PS

Product Innovation – Flexible Packaging

Anti-counterfeit Tubes

Security featured Alu-Alu Printed job

Pierceable Lidding Laminate

FlexFresh

▪ Counterfeiting

threatens India's industry, pharma eroding trust and revenue. To combat this, UFlex partnered with MacLeods Pharma to protect its "Panderm" brand using a three-layer anti- counterfeit solution:

▪ Custom holographic film

with "Panderm“

▪ Fresnel lens for added

complexity

▪ Registered lens featuring for

logo

MacLeods authenticity

▪ Special Properties: 12 FOIL/70 NAT PE

• Structure:

PET/25

• Good

properties

mechanical

• Good barrier properties • Easy to pierce

▪ A premium blister packaging solution brand combining security, visual appeal, and integrity. Designed for zero during distortion print thermoforming.

▪ Special Properties: Golden design with UV glow; Microtext for covert protection; Scratch- resistant OPA/foil laminate; Reverse-printed Alu-Alu back ; Clear, distortion-free blister cavities

▪ A biodegradable packaging solution using Controlled Breathing Technology to extend shelf life and preserve freshness of produce prone to bacterial and fungal spoilage. for global Ideal exports and efficient supply chains.

▪ Special Properties: Moisture- free interior; reduces transit weight loss; Suitable for 5– 15 kg of fresh produce; 100% biodegradable; Validated for like pomegranates, items lemons, lettuce, broccoli, chilies, exotic veggies, fruits, and flowers

tomatoes,

Product Innovation – Packaging Films

F-HHS

B-THU-M

F-PDC

B-PHT

& Outstanding Robust Seal Metallized BOPP Film

barrier

PVDC-Coated BOPET Film for High Barrier & See- Through Packaging

Seal High Polyester Film

Strength

▪ High-performance

film transparent polyester with heat sealability (>1.5 kgf/inch), optional Corona treatment, excellent and clarity and handling.

▪ Special Properties: Strong lock-seal; Eco-friendly mono- material packaging; Ideal for lidding and food pouches; Maintains freshness, prevents leakage.

▪ End Use Applications: Lidding film for trays, robust pouch formats, sustainable mono- material solution

▪ Delivers

high oxygen/moisture barriers, strong hermetic seals, broad hot tack range, and low SIT. ▪ Special Properties: Replaces 3-layer 2-layer with structures; Foil-like barrier (0.1 WVTR/OTR); OTM-ready sealing chemistry; Excellent metal adhesion, brilliance, and durability

▪ End Use Applications: Milk tea, coffee Optimized for

powder, packaging, LUP & MUP packs

clarity

▪ PVDC-coated polyester with strong barriers, flame

high oxygen/moisture chemical resistance.

and

▪ Special

Stable

Properties: (OTR/WVTR: Transparent in barrier 8.0); humidity; Flex-crack resistant (100+ cycles); Ideal for see- through packaging

White Voided Both Sides treated Sealable BOPP Film ▪ B-PHT is a high-yield, white voided BOPP film featuring heat sealability and surface treatment on both sides.

▪ Special Properties: Excellent opacity, Good aesthetics, Controlled slip & antistatic, Very high yield

▪ End

Use

Applications: Snacks and confectionary, Biscuits, and crackers

cookies,

▪ End Use Applications: Frozen, dried, fresh, baked, and dairy foods

Business at a Glance

➢ An overview

➢ Journey so far

➢ Customer relationship

➢ One stop shop for

packaging solutions

An Overview

Rich Legacy of 40 Years in Providing Packaging Solutions to our Partners

1985 Established

5000+

Customer Base

Presence Across

150+

Countries

17 Manufacturing Units

1,313,510 MTPA1 Global Capacity*

10,000+ Workforce

7bn+ Aseptic Liquid Packs Capacity

300 mn+ Tubes Capacity

1,090 mn+ Pouch Capacity

74,317 MTPA Recycling Capacity

5.4 bn+ PCR PET2 Bottles Recycled

69,730 MTPA Chemicals Capacity

*Note: The total capacity of 1.3 million+ MTPA includes resins at 427,020 MTPA (vPET Chips 384,000 + rPET Chips 43,020), base films at 636,160 MTPA, inks and adhesives at 69,730 MTPA, holography at 20,600 MTPA, flexible packaging at 100,000 MTPA, and aseptic liquid packaging at 60,000 MTPA.; The 31,297 MTPA MLP and moulding recycling capacity is not factored into the overall capacity calculation. All logos displayed are the property of their respective organizations and are used solely for representational purposes.; 1. Metric tonnes per annum (MTPA) ; 2. Post-Consumer Recycled polyethylene terephthalate (PCR PET)

Journey so far: Growing as a Global Player in Flexible Packaging

• Aseptic Packaging:

Annual Capacity Doubled to 7 Bn Packs

2022

• Diversified into

Holography Business

Noida (India): • Added 1st CPP3 Line

2003

2004

2005

• Dubai: First

Overseas Foray with a BOPET film line

Noida (India): • Added 1st BOPP2 Line

1996

Noida (India): • 1st BOPET1 Line • Chemicals Business

Launched

1994

2009

• Mexico:

Commissioned a BOPET Line

2010

• Egypt: Forayed

with a BOPP Line

2011

• Egypt: Added a BOPET and a CPP Line

2021

• Hungary: Forayed with a BOPP Line • Nigeria: Forayed

with a BOPET Line • Egypt: Added 2nd BOPP Film line

2020

• CIS: Forayed with a

BOPET Line

• Poland: Added 2nd

BOPET Line

2017

• Sanand (India):

Aseptic packaging plant commissioned

2023

2024

• Dharwad (India): Started with

a CPP/ a BOPET Lines. • Dubai: Added a CPP Line • Mexico: Added a PCR PET

Chips Line

• Egypt : Started PCR PET Chips

Plant

• Panipat: Started vPET Chips Plant (Bottle and film Grade)

• CIS: Added a CPP Line:

2025

• Mexico: commissioned a CPP line • Egypt: commissioned vPET chips

plant

2026

• Sanand: Planned capacity ramp-up to 12 Bn5 packs/year from current 7 Bn.

• Egypt: To commission Aseptic

packaging plant (12Bn packs/annum) • Mexico: Planned commissioning of 80

million capacity WPP6 bag facility

• Noida: Setting up two recycling plants, one for PCR PET chips and the other for PCR MLP.

Goal

• Added Printing

Cylinder Business to Portfolio

1985 Started Engineering Business

1986

2012

2013

1989

• IPO listed on BSE • Commenced Flexible Packaging Business

• Poland:

Forayed with a BOPET Line

• USA: Forayed with a BOPET Line

• On track to achieve 24 Billion carton packs/year

aseptic nameplate capacity by FY 2026

• Focused investments in aseptic & WPP poised to

uplift margins and returns profile

Upcoming

1. Biaxially oriented polyethylene terephthalate (BOPET); 2. Biaxially Oriented Polypropylene (BOPP) ; 3. Cast polypropylene (CPP) ; 4. Polyethylene terephthalate (PET); Post-Consumer Recycled (PCR); Polyethylene terephthalate (PET) ; 5. Billion (Bn) ; 6. Woven Polypropylene (WPP)

Enduring Customer Relationship

Nestle

Kolak Snacks

Truda Foods

P&G

Pepsi Co

Mondelez

Bemis

Amcor

Huhtamaki

UPM Raflatac*

American Pkg

Dupont Teijin films

10+

Length of Customer Relationships

Our clients

*Note: UPM is pioneer customer of 100% PCR Asclepius Films; All logos displayed are the property of their respective organizations and are used solely for representational purposes

Presence across all Verticals of Packaging Value Chain

Process Flow Diagram

Main Feedstock

Key Downstream RM

RM for P. Films

NGL Ethane, Propane, Butane, Naphtha

Ethylene

MEG1

MELT

vPET Chips for bottles & films

Para Xylene

PTA2

Natural gas Liquids (NGL)

Propylene

rPET6 Chips for bottle & films

Packaging Films Business

BOPP8 BOPET7 CPP9 Metalized Alox Coated films Speciality films PCR Grade PET films “ASCLEPIOUSTM”

UFlex Presence

Flexible Packaging Business

Ink & Adhesives

Printing

Lamination

Extrusion & Slitting

Flexi-tubes, Lids and Pouches Inno-lock Pouches Pocket PTC Zipper Bags for Baby & Hygiene Markets Hygiene films Pet Food Bags Cement Bags Confectionery & Embossed foils Spot Embossing Electron Beam curing

Crude Oil

Polypropylene

PP4 Resins

Printing Cylinders

Holograms & Shims

Converting Machine

Packaging Machine

Aseptic Packaging Business

Design

PPC

Aseptic Packaging Material (roll form)

Ethylene

Polyethylene

PE3 Resins

1. Mono ethylene glycol (MEG: ); 2. Purified terephthalic acid (PTA:); 3. Polyethylene (PE); 4. Polypropylene (PP) 5. Virgin polyethylene terephthalate (vPET ); 6. Recycled polyethylene terephthalate (rPET) ; 7. Biaxially oriented polyethylene terephthalate(BOPET); 8. Biaxially Oriented Polypropylene (BOPP); 9. cast polypropylene (CPP); Packaging Films (P. Films)

Supply to Customers

Presence across all Verticals of Packaging Value Chain

Interconnected Strengths, Boundless Possibilities

Resins

Packaging Films

Intermediaries

Flexible Packaging

vPET Chips Film Grade

Chemicals (inks and adhesives)

vPET Chips Bottle Grade

BOPET P . Films

BOPP P. Films

CPP P. Films

rPET Chips Film & Bottle Grade

Value Added P. Films

rMLP Granules & Moulding Products

Metalized P. Films

Aluminium oxide (AlOx) coated P. Films

Specialty P. Films

PCR P. Films

Holography

Printing Cylinders

Engineering

Supply to Customers

Aseptic Packaging

1. Virgin polyethylene terephthalate (vPET ); 2. Recycled polyethylene terephthalate (rPET) ; 3. Biaxially oriented polyethylene terephthalate(BOPET); 4. Biaxially Oriented Polypropylene (BOPP); 5. Cast polypropylene (CPP) 6. recycled multi-layered and multi-layered plastic packaging(rMLP); Packaging Films (P. Films)

Management & Shareholders Information

➢ Management Team ➢ Shareholding Pattern ➢ Auditors Information

Management Team Professional Management with an average experience of > 25 years in Business, Corporate, Project & Operational excellence

Ashok Chaturvedi, Chairman & Managing Director • • Revered as the 'Father of the Flexible Packaging Industry in India' for

First Generation Entrepreneur and the Founder Promoter of UFlex Group

developing innovative packaging for 40+ years

• Conferred with several awards for his contribution to industry

Rajesh Bhatia – Group President (Finance & Accounts) & CFO • Holds 30+ years rich experience of in the fields of Finance, Accounts,

Taxation, Business Development and last assignment was as CFO & CEO – Global Business of Jindal Steel & Power Ltd. (JSPL)

• Commerce Graduate and an Associate Member of the Institute of Chartered

Accountants of India (ICAI)

Anantshree Chaturvedi Vice Chairman & CEO, Flex Films International •

Learned the trade of flexible packaging both domestically and internationally with hands-on experience in India, Mexico, Poland, Egypt, UAE & USA; and subsequently spearheaded the expansion of UFlex in USA

• Vested with the additional responsibility of Global Product Stability, R&D, HR

Protocols

Apoorvshree Chaturvedi, Director, Global Operations, UFlex Group • Director of European Union Operations and Head of Corporate Sustainability

Actions on ESG and Growth-Related Ventures at UFlex Group

• Alumnus of New York University. He joined UFlex in 2012 as a Managerial Trainee and spearheaded Marketing & Sales for European & Middle East regions at UFlex

Total years of experience in the industry

Jeevaraj Gopal Pillai, Whole Time Director, Director - Sustainability, President - Flexible Packaging and New Product Development • Has over 35 years of experience in Packaging technology from Pre-press and cylinder making, film making, to high-end conversion of flexible packaging material.

• Has command on Energy Curing Technology, Hologram embossing, new

generation Flexi tubes etc.

Ashwani K. Sharma, President & CEO, Aseptic Liquid Packaging Business

• Driving large organizations globally with rich experience of 28 years. His last

assignment was with Asia Pulp & Paper - based out of Jakarta, where he served as the Managing Director of a 25 Billion USD Company

• Global exposure- previously based in Europe as CEO & Chairman of the Board of

Horizon Pulp & Paper

P.L Sirsamkar, President & Technical & New Product Development, Packaging Films Business •

Experience of 37+ years in Packaging Films business and has been with the Group for over 30 years. Previously, worked in reputed organizations like Garware & Polyplex. Instrumentation & Electronics Engineer

•

Jagmohan Mongia, President - Packaging Films Business India • Strong expertise of Sales & Marketing domain and has record of business

development and building strong sustainable organizations

• Comes with a rich experience of four decades in industries like Textile, Steel and Paints and has worked with renowned companies like Berger Paints and Garware earlier. He has been associated with UFlex for 28+ years

Management Team Professional Management with an Average Experience of > 25 Years in Business, Corporate, Project & Operational Excellence

Chandan Chattaraj, President, Human Resources (India and Global) • Three Decades of Experience with Esteemed Organizations like Aircel, The

Oberoi Group, Xerox India and Jubilant Organosys in leadership roles.

• Has been Conferred with Multiple Honours like ‘HR Professional of the Year’, ‘HR Leadership Award’ and ‘Best Transformational Coach by World HRD Congress.

Dinesh Jain, President, Legal & Corporate Affairs • Has a Rich Experience of Four Decades and has been Associated with the

Group for over 29 Years.

• Chairman of National Institute of Personnel Management- Delhi NCR Chapter and Past President of Noida Management Association.

• MBA, LLB & LLM (Gold Medalist) from Agra University.

Parwez Izhar, Senior Vice President, Printing Cylinders Business • Close to Three Decades of Experience in Areas like Strategic Planning,

Costing, Project Management.

• Holds Master’s Degree in Finance from XLRI, Jamshedpur and is Lean 6-

Sigma Black Belt Champion. He has Also Studied Implications of Artificial Intelligence on Business Strategy from MIT Sloan, USA.

Amit Shah, Joint President and Chief Marketing Officer, Flexible Packaging Business •

Industry Veteran with 26+ Years of Domestic & International Experience in B2B Marketing and Sales, both in Domestic as well as International Markets, Product Development and Launch and turning around of businesses.

Rajesh Bhasin, President, Chemicals Business • Meritorious Experience of over 30 years of Handling Challenging and Complex

Marketing Assignments.

• Prior to UFlex, held Leadership Positions at Pidilite, Jubilant Organosys and Essel Propack. He is adept in setting up Joint Ventures, Acquiring New Businesses, Launching New Product Categories and Initiating brands. (7+ Years).

Sumeet Arora, Sr. Vice President, Marketing – Engineering Business •

Experienced Business Leader with 30+ years in SBU operations, P&L management, and Developing New Markets and Growing Existing Markets for Capital Equipment both Domestic and International.

• Prior to UFlex, Served as the Managing Director at Uhlmann India, and Held

Leadership Positions across Renowned Organizations like Cenlub Industries, SS Packaging, ACG Worldwide, and Hassia Packaging.

• Holds a B.Tech in Mechanical Engineering from YMCA Faridabad.

Vinod Hariharan, Executive Vice President, Holography Business • Brings over 28 years of experience in Strategic Planning, Business Development,

•

Channel Management, Digital Marketing, Sales, and General Management. Extensive experience with International Organizations, including Fortune 500 Firms, and Held Key Roles at Tesa, Tapes GmbH, 3M India Ltd, and Gulf Oil. Prior to UFlex, served as the Head of Sales & Marketing for APAC at Tesa.

• Holds a B.Tech in Mechanical Engineering from NIT – Kozhikode and Completed a

Senior Management Program from IIM – Kolkata.

Total years of experience in the industry

Shareholding Pattern – June 2025

Shareholding

Historical Shareholding Pattern ( in %)

Promoter Group 44.58%

Others 24.36%

MF and AIF 0.28%

CBO, Insurance and FI 15.59%

FIIs, FPIs and FC 15.19%

Promoter Group CBO, Insurance and FI Others

FIIs, FPIs and FC MF and AIF

BSE Ticker: 500148 NSE Symbol: UFLEX

UFLEX Limited has informed the Exchange about Investor Presentation

Market Movers