UFLEX Limited

rs,

imited Corporate Relationships Department 1st Floor, New Trading Ring, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code : UFLEX Scrip Code : 500148 Subject : Revised

7 billion

d brownfield capacity expansion at our aseptic packaging plant in Sanand, increasing capacity from 7 billion to 12 billion packs per annum. This enhances our ability to meet the growing demand for aseptic pa

12 billion

capacity expansion at our aseptic packaging plant in Sanand, increasing capacity from 7 billion to 12 billion packs per annum. This enhances our ability to meet the growing demand for aseptic packaging soluti

80 million

re nearing completion. A 12 billion pack per annum greenfield aseptic packaging plant in Egypt, an 80 million unit per annum WPP bags facility in Mexico, and close to 40,000 MTPA PET and flexible waste recycl

40,000 MT

c packaging plant in Egypt, an 80 million unit per annum WPP bags facility in Mexico, and close to 40,000 MTPA PET and flexible waste recycling plant in Noida are on track” 4 Industry Trends Domestic Int

0.25%

ition. Dealers/stockists defer new orders while and destocking existing inventory. ➢ CPI eased to 0.25% (Oct 2025), while CFPI moved to - 5.02%, softening inflation likely to boost consumer demand. ➢ M

5.02%

rs while and destocking existing inventory. ➢ CPI eased to 0.25% (Oct 2025), while CFPI moved to - 5.02%, softening inflation likely to boost consumer demand. ➢ Market outlook remains positive. Lower

3.2%

alue-led selective sales approach. 5 Consolidated Performance Highlights – Q2FY26 Revenue grew 3.2% YoY to Rs. 77,828 million in H1 FY26, supported by 2.0% YoY sales volume growth; however, Q2 FY26 r

Rs. 77,828 million

elective sales approach. 5 Consolidated Performance Highlights – Q2FY26 Revenue grew 3.2% YoY to Rs. 77,828 million in H1 FY26, supported by 2.0% YoY sales volume growth; however, Q2 FY26 revenue remained flat YoY

2.0%

rformance Highlights – Q2FY26 Revenue grew 3.2% YoY to Rs. 77,828 million in H1 FY26, supported by 2.0% YoY sales volume growth; however, Q2 FY26 revenue remained flat YoY at Rs 38,610 million reflectin

Rs 38,610 million

H1 FY26, supported by 2.0% YoY sales volume growth; however, Q2 FY26 revenue remained flat YoY at Rs 38,610 million reflecting lower sales volumes and softer realizations in Q2 FY26, particularly in the BOPET packa

8,593 million

alizations in Q2 FY26, particularly in the BOPET packaging film segment. Normalized EBITDA was at 8,593 million (down 5.9% YoY) in H1 FY26 with an 11.0% normalized EBITDA margin; Q2 FY26 normalized EBITDA of Rs

“➢ The project has an estimated cost of approximately USD 126 million (Rs.”

“7,328 million) has Egypt already incurred, and it is expected to be commissioned in FY26.”

“Mexico 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 FY26.”

“➢ The project has an estimated outlay of USD 50 million of which USD 49.7 million (~Rs.”

“India: USD = 88.84 Q2 FY26 7 Consolidated Performance Snapshot – Q2 and H1FY26 Q2FY26 H1FY26 Q2FY26 H1FY26 Revenue Rs.”

“Outlook for US and other advanced economies has been revised upwards due to softer than expected tariff levels o Q1FY26 Real GDP growth at a robust 7.8% vs 6.5% earlier o o Inflation forecast for FY26 further cut to 2.6% (from 3.1%) Rural demand continues to outpace urban, backed by lower food Trade policy uncertainty remains elevated in the absence of transparent and inflation (CFPI), favorable monetary policies and good monsoon.”

“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.”

“Mn) and Margin 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 , 7 4 3 0 9 1 , 4 5 5 6 4 , 6 0 2 7 5 , 0 7 1 8 6 , 6 1 5 6 6 , 4 3 3 0 4 , 6 9 0 8 7 , 16.5% 11.9% 11.2% 11.6% 11.9% 11.0% 0 6 6 7 , 7 9 7 6 , 8 1 6 7 , 1 0 7 7 , 6 3 4 4 , 7 8 2 9 , FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 PAT (Rs.”

“Mn) 4.9% 3.9% 3.6% 2.4% 2.7% 2.0% 4 0 3 2 , 3 2 2 2 , 7 3 4 2 , 5 4 1 2 , 5 9 7 0 1 6 1 , 0 4 6 4 1 , 0 7 2 9 1 , 0 3 3 0 3 , 0 4 3 3 2 , 3 4 9 5 3 , 3 2 8 8 3 , 0 5 8 5 2 , 4 9 2 8 2 , 1 0 8 2 3 , 0 3 9 0 2 , 0 3 4 5 1 , 0 7 4 0 1 , FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 21 Consolidated P&L Summary Particulars (Rs.”

“Mn) and Margin (%) Domestic International 132,368 147,845 135,098 151,838 20.5% 17.1% 14.0% 11.9% 12.5% 11.0% 89,149 74,316 60% 58% 58% 55% 77,828 51% 49% 53% 47% 40% 42% 42% 45% 56% 44% 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 , 3 9 5 8 , FY21 FY22 FY23 FY24 FY25 H1FY26 FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 PAT (Rs.”

Applications

2

Aseptic Packaging Facility

1

Shortfall in EPR Target are as Follows

1

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. 11,188 million), of which USD 82.5 million (~Rs. 7,328 million) has Egypt already incurred, and it is expected to be commissioned in FY26. Mexico 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 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 of which USD 49.7 million (~Rs. 4,387 million) has been incurred so far. India: USD = 88.84 Q2 FY26 7 Consolidated Performance Snapshot – Q2 and H1FY26 Q2FY26 H1FY26 Q2FY26 H1FY26 Revenue Rs. 38,610 Mn (-1.6% QoQ, flat YoY) Domestic: 44% Internati

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. 31 Sustainability: 'Project Plastic Fix’ Continues to Turn Waste into Wealth 385 mn (5,345 MT) PET Bottles Recycled in H1FY25 372 mn PET Bottles Recycled in H1FY26 3,773 MT of MLP waste recycled in H1FY25 and 4,940 MT in H1FY26 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) 32 Recycling Plants Across Geographies Global Mexico Particulars Capacity(MTPA) PCR PET Chips rMLP Granules 15,000 6,000 Egy

Applications

Biscuits, Cookies, Crackers, Confectionary & Snacks, Dry Powders and mixes ▪ A transparent BOPP Ideal for outer web film offering exceptional gas and aroma barrier properties. in modified atmosphere packaging of dry products, it extends shelf life while maintaining excellent clarity and visual appeal. ▪ Special Properties: Excellent OTR of <01 cc/m2/day; Outstanding heat seal- ability on acrylic-to-acrylic coating, Fin seal application; Ideal for see through packaging ▪ End Use Applications: Snacks & Crackers, Cookies and Biscuits, Dried fruits 39 Product Innovation – Printing Cylinder (Laser Engraving Machine) Woven Starburst Pattern on original leather ▪ Elegant and sophisticated features a design, which woven pattern starburst through specialized Laser engraving process on Original Leather. The pattern is a hypnotic of concentric, undulating circles that form interwoven spirals. Its monochromatic palette emphasizes a dynamic, texture, three-dimensional creating a high-end aesthetic