Balrampur Chini Mills Limited

66%

and increased realizations. During the quarter ended June 2025, sugarcane crushing was lower by ~66% and sugar production declined by ~65%. This decrease is owing to lower sugarcane availability duri

65%

the quarter ended June 2025, sugarcane crushing was lower by ~66% and sugar production declined by ~65%. This decrease is owing to lower sugarcane availability during the season. Further the fixed overh

28.50 MT

pected production of 34.90 MMT (pre- diversion) for the SS 25-26 and domestic consumption of around 28.50 MT necessitates diversion of sugar ~4.5 MMT minimum and potentially even permit exports. Historically

Rs. 927 crore

we have also started developing the market by way of trading of imported PLA. Till 31st July 2025 ~Rs. 927 crores has been spent (Rs. 460 crores via Debt and balance from internal accruals). At BCML, our commit

Rs. 460 crore

the market by way of trading of imported PLA. Till 31st July 2025 ~Rs. 927 crores has been spent (Rs. 460 crores via Debt and balance from internal accruals). At BCML, our commitment to sustainable value creat

20.7%

102.38 73.08 69.97 51.37 11.35 3.48 2.55 Q4FY25 Q1FY25 Q1 FY26 FY25 Q4FY25 Q1FY25 Q1FY26 20.7% 7.2% 4.7% 10.4% FY25 15.0% 4.9% 3.3% Q4FY25 Q1FY25 Q1FY26 8.1% FY25 Q4FY25 Q1FY25 Q1FY26

7.2%

73.08 69.97 51.37 11.35 3.48 2.55 Q4FY25 Q1FY25 Q1 FY26 FY25 Q4FY25 Q1FY25 Q1FY26 20.7% 7.2% 4.7% 10.4% FY25 15.0% 4.9% 3.3% Q4FY25 Q1FY25 Q1FY26 8.1% FY25 Q4FY25 Q1FY25 Q1FY26 FY25

4.7%

8 69.97 51.37 11.35 3.48 2.55 Q4FY25 Q1FY25 Q1 FY26 FY25 Q4FY25 Q1FY25 Q1FY26 20.7% 7.2% 4.7% 10.4% FY25 15.0% 4.9% 3.3% Q4FY25 Q1FY25 Q1FY26 8.1% FY25 Q4FY25 Q1FY25 Q1FY26 FY25 Suga

10.4%

97 51.37 11.35 3.48 2.55 Q4FY25 Q1FY25 Q1 FY26 FY25 Q4FY25 Q1FY25 Q1FY26 20.7% 7.2% 4.7% 10.4% FY25 15.0% 4.9% 3.3% Q4FY25 Q1FY25 Q1FY26 8.1% FY25 Q4FY25 Q1FY25 Q1FY26 FY25 Sugar being

15.0%

.35 3.48 2.55 Q4FY25 Q1FY25 Q1 FY26 FY25 Q4FY25 Q1FY25 Q1FY26 20.7% 7.2% 4.7% 10.4% FY25 15.0% 4.9% 3.3% Q4FY25 Q1FY25 Q1FY26 8.1% FY25 Q4FY25 Q1FY25 Q1FY26 FY25 Sugar being a seasonal i

4.9%

48 2.55 Q4FY25 Q1FY25 Q1 FY26 FY25 Q4FY25 Q1FY25 Q1FY26 20.7% 7.2% 4.7% 10.4% FY25 15.0% 4.9% 3.3% Q4FY25 Q1FY25 Q1FY26 8.1% FY25 Q4FY25 Q1FY25 Q1FY26 FY25 Sugar being a seasonal industr

3.3%

55 Q4FY25 Q1FY25 Q1 FY26 FY25 Q4FY25 Q1FY25 Q1FY26 20.7% 7.2% 4.7% 10.4% FY25 15.0% 4.9% 3.3% Q4FY25 Q1FY25 Q1FY26 8.1% FY25 Q4FY25 Q1FY25 Q1FY26 FY25 Sugar being a seasonal industry, it

“FY25 B-heavy molasses (Rs./quintal) 1,150 w.e.f Oct-24 Q1FY25 1,090 Q1FY26 1,150 Q4FY25 Q1FY25 Q1FY26 FY25 Q4FY25 Q1FY25 Q1FY26 FY25 Syrup (Rs./quintal) 1,614 N.A.”

“BCML | Q1FY26 Results 18 Co-generation – Operational Numbers Power Generated * (Cr Units) Power Exported * (Cr Units) Average Realization (Rs./Unit) 81.81 37.17 Stock of Bagasse (lac MT) 2.39 1.11 5.53 5.17 3.96 4.35 30th June 2024 30th June 2025 40.75 18.19 15.28 12.93 6.97 6.40 Q4FY25 Q1FY25 Q1FY26 FY25 Q4FY25 Q1FY25 Q1FY26 FY25 Q4FY25 Q1FY25 Q1FY26 FY25 * Includes ~0.7 crore units purchased and sold in FY25”

“Quantity variance because of seasonality BCML | Q1FY26 Results 19 POLY LACTIC ACID (PLA) BCML | Q1FY26 Results 20 Poly Lactic Acid (PLA) Project FINANCIAL UPDATE GROSS CAPEX: ~ Rs.”

“THIS POLICY IS A PIVOTAL STEP TOWARDS A GREENER FUTURE BCML | Q1FY26 Results 22 Poly Lactic Acid (PLA) Project PROGRESS Entire land for the Project has been acquired Contracts for foreign technology partners viz.”

“927 crores Other consents required for the Project is underway/applied for Building fermentation and R&D lab at site PLA import for analysis and product development by compounders and converters has begun Warehouse and system set-up completed Construction activities have begun BCML | Q1FY26 Results 23 Poly Lactic Acid (PLA) Project UPDATE ON STATUTORY COMPLIANCE”

“2000 crores at full capacity Expos & Engagements BCML | Q1FY26 Results 25 Poly Lactic Acid (PLA) Project Bioyug on wheels To drive nationwide awareness and adoption of PLA (Polylactic Acid) by showcasing its real- world applications through a mobile, interactive platform—Bioyug on Wheels Educate the public on the science and sustainability of PLA.”

“1423.51 Crores Q1FY26 PERFORMANCE NUMBERS Share Capital raised from external investors (in FY25) No.”

Transfer Price

1

Ethanol prices under the EBP Programme are as under

1

Note

1

Completed Activities

1

For further information contact

1

Transfer Price

FY25 B-heavy molasses (Rs./quintal) 1,150 w.e.f Oct-24 Q1FY25 1,090 Q1FY26 1,150 Q4FY25 Q1FY25 Q1FY26 FY25 Q4FY25 Q1FY25 Q1FY26 FY25 Syrup (Rs./quintal) 1,614 N.A. * N.A. * * No cane diverted towards syrup BCML | Q1FY26 Results 17 Country’s Ethanol Blending Update

Ethanol prices under the EBP Programme are as under

Price of Ethanol under various feed-stock (Rs./BL) Total Allocation (Cr BL) (till 31st July 2025) Ethanol Year C-route B-route Syrup DFG SFG Maize 1077 731 ESY 2023-24: (Nov-23 - Oct-24 ESY 2024-25: (Nov-24 - Oct-25) 56.28 60.73 65.61 64.00 58.50 71.86 195.00 136.00 15 57.97 60.73 65.61 64.00 58.50 71.86 Syrup route B-heavy route C-heavy route Grains Total The government has also allowed 52 lakh tonnes of FCI rice to be sold at ₹22.50 per kg to ethanol distilleries under the EBP programme. Out of the above allocation of 1077 crore liters, 637 crore liters has been supplied which has resulted in ~18.93% Ethanol blending till 30th June 2025. BCML | Q1FY26 Results 18 Co-generation – Operational Numbers Power Generated * (Cr Units) Power Exported * (Cr Units) Average Realization (Rs./Unit) 81.81 37.17 Stock of Bagasse (lac MT) 2.39 1.11 5.53 5.17 3.96 4.35 30th June 2024 30th June 2025 40.75 18.19 15.28 12.93 6.97 6.40 Q4FY25 Q1FY25 Q1FY26 FY25 Q4FY25 Q1FY25 Q1FY26 FY25 Q4FY25 Q1FY25 Q1FY2

Note

Quantity variance because of seasonality BCML | Q1FY26 Results 19 POLY LACTIC ACID (PLA) BCML | Q1FY26 Results 20 Poly Lactic Acid (PLA) Project FINANCIAL UPDATE GROSS CAPEX: ~ Rs. 2850 crores NET CAPEX: ~ Rs. 1750 crores post expected capital subsidy as per U.P. Govt. Scheme CAPACITY 80,000 TPA (optimized from 75,000) REVENUE ~ Rs. 2000 crores at full capacity EBITDA Margin Targeting around 35% PROJECT COMMISSIONING Q3FY27 1 2 3 4 HIGHER CAPEX to lay the foundation for enduring operational excellence through out the life cycle FUNDING PROPOSED • ₹ 1650 crores debt • ₹ 1200 crores from internal accruals REASON FOR HIGHER CAPEX • Modifications in equipment design to optimize opex, enhance efficiency • Driven by higher capacity BENEFITS OF HIGHER INVESTMENT • Lower conversion cost • Improved profitability BCML | Q1FY26 Results 21 Poly Lactic Acid(PLA) Project GOVERNMENT SUPPORT Uttar Pradesh State Government announced Bio Plastic Industrial Policy 2024 On 4th October, 2024. Under this Po

Completed Activities

• IEM License for PLA • TOR for PLA (Bioplastic) manufacturing. • Environment Clearance for PLA (Bioplastic) manufacturing • Consent to Establish • Permission of ground water extraction and registration of borewells • Factory License • Factory Layout Sanction • Approval of Site plan and Building Plan • Approval from Labour Department BCML | Q1FY26 Results 24 Poly Lactic Acid (PLA) Project Business Development • 175 + customers targeted till date • Catering to 50+ customers (Direct + Hybrid) • 30+ Trials ongoing projects with customers • Taken ownership of executing Bioyug on wheels tour • Focusing on Institutional Projects viz. Railways, Temples etc. REVENUE ~ Rs. 2000 crores at full capacity Expos & Engagements BCML | Q1FY26 Results 25 Poly Lactic Acid (PLA) Project Bioyug on wheels To drive nationwide awareness and adoption of PLA (Polylactic Acid) by showcasing its real- world applications through a mobile, interactive platform—Bioyug on Wheels Educate the public on the science and

For further information contact

PRAMOD PATWARI Chief Financial Officer Balrampur Chini Mills Limited +91 33 2287 4749 pramod.patwari@bcml.in ANOOP POOJARI / JENNY ROSE KUNNAPPALLY CDR India +91 98330 90434 / 86899 72124 anoop@cdr-india.com / jenny@cdr-india.com BCML | Q1FY26 Results 35 THANK YOU