Polyplex Corporation Limited

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, Mumbai- 400 051 The General Manager - Listing Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 SYMBOL : POLYPLEX BSE Scrip Code : 524051 Dear Sir(s), Sub: R

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l vs Budget IV. Updated EBITDA estimate - FY 2025-26 V. Update on Investments 2 Safety Parameters 3 Accidents Statistics – Group level Major accidents at Group level Minor accidents including First

2x

ental laboratory (twice a year to meet the Indonesian regulation) o Daily Air Inspection o SPCC: 2x weekly o Chemical Storage Inspection o Eye Wash Station Inspection o Medical Cabinets Inspection o

Rs 23

g the Quarter- PCL Consolidated 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 e r o r C R N I Rs 23/Kg 84 K MT Rs20/Kg 91 K MT Rs 15//Kg 94 K MT 4 2 6 1 , 12% 192 103 2 6 6 1 , 5 8 6 1

Rs20

Consolidated 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 e r o r C R N I Rs 23/Kg 84 K MT Rs20/Kg 91 K MT Rs 15//Kg 94 K MT 4 2 6 1 , 12% 192 103 2 6 6 1 , 5 8 6 1 , 11% 184 84 8

Rs 15

0 1,600 1,400 1,200 1,000 800 600 400 200 0 e r o r C R N I Rs 23/Kg 84 K MT Rs20/Kg 91 K MT Rs 15//Kg 94 K MT 4 2 6 1 , 12% 192 103 2 6 6 1 , 5 8 6 1 , 11% 184 84 8% 143 41 Q2 24-2

12%

0 400 200 0 e r o r C R N I Rs 23/Kg 84 K MT Rs20/Kg 91 K MT Rs 15//Kg 94 K MT 4 2 6 1 , 12% 192 103 2 6 6 1 , 5 8 6 1 , 11% 184 84 8% 143 41 Q2 24-25 Q1 25-26 Q2 25-26 Film Sa

11%

84 K MT Rs20/Kg 91 K MT Rs 15//Kg 94 K MT 4 2 6 1 , 12% 192 103 2 6 6 1 , 5 8 6 1 , 11% 184 84 8% 143 41 Q2 24-25 Q1 25-26 Q2 25-26 Film Sales K MT EBITDA Rs/Kg Net Sales Ope

8%

0/Kg 91 K MT Rs 15//Kg 94 K MT 4 2 6 1 , 12% 192 103 2 6 6 1 , 5 8 6 1 , 11% 184 84 8% 143 41 Q2 24-25 Q1 25-26 Q2 25-26 Film Sales K MT EBITDA Rs/Kg Net Sales Operational EBIT

30%

-26 Film Sales K MT EBITDA Rs/Kg Net Sales Operational EBITDA Operational PBT EBITDA Margin 30% 25% 20% 15% 10% 5% vs. Corresponding Quarter vs. Previous Quarter ➢ Higher net sales is mai

25%

Film Sales K MT EBITDA Rs/Kg Net Sales Operational EBITDA Operational PBT EBITDA Margin 30% 25% 20% 15% 10% 5% vs. Corresponding Quarter vs. Previous Quarter ➢ Higher net sales is mainly d

20%

Sales K MT EBITDA Rs/Kg Net Sales Operational EBITDA Operational PBT EBITDA Margin 30% 25% 20% 15% 10% 5% vs. Corresponding Quarter vs. Previous Quarter ➢ Higher net sales is mainly due to

“Financial Snapshot (QoQ and YoY) EBITDA Bridge Chart (Q1 FY26 Vs Q2 FY26): I.”

“Business-wise Operational EBITDA (QoQ and YoY) EBITDA Bridge Chart (Q1 FY26 Vs Q2 FY26) Actual vs Budget IV.”

“991 Lakh was received last quarter 11 Performance during the quarter EBITDA Bridge Chart (Q2 FY26 Vs Q1 FY26) – Entity-wise 30000 DPAC Non-DPAC 25000 18,394 15,115 (2,221) (748) 719 20000 15000 10000 5000 0 -5000 -10000 1,818 403 826 78 941 223 17,783 (2,668) 959 342 1,301 40 (171) (85) 13,609 14,275 125 165 - 171 85 0 18,702 (5,094) Q1 FY26 Operational EBITDA Q1 FY26 Adjusted EBITDA PCL PTL PE PU PFI EcoBlue Other units & Elimination Q2 FY26 Adjusted EBITDA Q2FY26 Operational EBITDA 1.”

“PU • Continued uncertainty on tariffs • Manpower • Inability to secure sufficient local manpower with the right skills resulting in having to get people from overseas location which is a time taking process We are hopeful that the issues will be fixed in next few months.”

Key Reasons for deviations are as follows

5

Bazpur

2

Khatima

2

PCL Consolidated Performance during the quarter

1

In Summary

1

PCL Consolidated Performance during the quarter

I. II. III. Financial Snapshot (QoQ and YoY) EBITDA Bridge Chart (Q1 FY26 Vs Q2 FY26): I. II. III. Actual vs Budget Key Elements Entity-wise Business-wise III. Unit wise Performance Snapshot during the quarter: I. II. III. Business-wise Operational EBITDA (QoQ and YoY) EBITDA Bridge Chart (Q1 FY26 Vs Q2 FY26) Actual vs Budget IV. Updated EBITDA estimate - FY 2025-26 V. Update on Investments 2 Safety Parameters 3 Accidents Statistics – Group level Major accidents at Group level Minor accidents including First aid injuries at Group level s t n e d i c c a f o r e b m u N 9 12 10 4 s t n e d i c c a f o r e b m u N 60 62 77 42 2022-23 2023-24 2024-25 H1 2025-26 2022-23 2023-24 2024-25 H1 2025-26 Frequency Rate at Group level Severity Rate at Group level 1.62 1.80 2.18 2.17 16.08 16.66 25.75 19.86 2022-23 2023-24 2024-25 H1 2025-26 2022-23 2023-24 2024-25 H1 2025-26 Major accidents (recovery time more than 15 day) Minor accidents (recovery time less than 15 days) and First aid injuries (im

Bazpur

o Fire Safety Audit by external consultant (Mr. A Bhadkamkar) on July 25 o Health Inspection of lifting tools, tackles and pressure vessels o Hand pallet Inspection o Six month Mock drill Completed o Environment - Annual returns FY-2024- 25 (Form 5) submitted o Annual Health Check up o Blood Donation o SMETA Audit o Fire Safety Audit by external consultant (Mr. A Bhadkamkar) on Aug 25 o Improvement for Spill Kit & Eye wash Emergency o Improvement for fire suppression system o Fire Safety Audit by external consultant (Mr. A Bhadkamkar) on 29th Sept – 3rd Oct o Emission measurement on 33 chimneys by external environmental laboratory o Mock Drill - 3 times with emergency response teams

Khatima

o Fire Safety Audit by Fire officer Khatima o Quarterly Fire Drill conducted on 12.08.2025 o Fire extinguishers operation display board has been fixed at different location of the plant o Night Mock Drill conducted on 10.09.2025 o Environment Statement report Form-V submitted to Pollution control board 6 Number of Trainings and New Initiatives/Awards/Others Trainings India Thailand Turkey Indonesia USA o Fire Fighting (Hydrant operation) o Departmental danger activities o Process safety and HIRA o Use of PPE's o Industrial Accident / First aid o On-site Emergency Plan o Behavior Safety o Occupational health & safety legal and regulation o Electrical safety o Work permit system /Loto Departmental danger activities o MSDS & First aid training o 5s safety o Safe operation of Forklift o Defensive Driving Training Hours : 3437 o Risk of production process o Accident prevention o Common safety rule o Safety chemical handling and storage o High risk work [Work permit] o Emergency response and

Bazpur

o Fire suppression and detection system at TMP # 2 o New jockey pump installed o Fire hydrant hose box upto date o Hand pallet Inspection by TPI o Special D types Extinguisher procured and placed for Met ash handling

Khatima

o Metal D-type Fire extinguishers placed near by Aluminium Ash handling area & training provided o Mechanical Foam trolley (100 Lit) placed outside of the ABC Chemical storage area o Hand pallets trolley inspection work done by third party 7 o Safety zonal head implement on November 2025 o Review the Fuguai system by change to QR code system. o Static Electricity Risk at OLC2 (Saracote) & preventions on machine and area o Increasing the awareness of Emergency Team Members o Reducing Waste and Material Inventory in Plant Storage o Additional Fire Extinguisher class-D (for fire from combustible metal) in Scrap Area and Metalize Area o Install fire extinguisher at External Warehouse. o Safety Audit Team completed first audit on 9-10-25. Findings discussed with mgt./ monthly safety meeting. o Central Utilities Building operations reorganized with 15- year OSG veteran. o Implementation of pH monitoring equipment for multiple points of redundancy for optimal control. PCL Consolidated Perform

Key Reasons for deviations are as follows

PU • Slower than budgeted ramp up of volume at PU accounts for about half of the variance. Estimated impact – INR ~4,058 Lacs in Q2 (INR 8,283 Lacs YTD). This was primarily due to volatile market conditions, tepid demand due to higher inflation, recessionary pressures and uncertainty arising from tariffs and other factors as mentioned below: • Technical issues • Regrind machines not working satisfactorily • Automated packing and dispatch • • Machine related issues with the Coater Inventory accumulation - Non-conforming material & WIP • Commercial • Dealers were reluctant to buy from us sighting long term conflicts • Unsatisfactory OTIF 19 Q1 ActualQ1 BudgetVariance%Q2 ActualQ2 BudgetVariance%YTD ActualYTD BudgetVariance%BOPET Thin* 4,955 9,933 (4,978)-50% 1,210 9,755 (8,544)-88% 6,166 19,688 (13,522)-69%BusinessOperational EBITDA (INR Lacs)Operational EBITDA (INR Lacs)Operational EBITDA (INR Lacs) Performance during the quarter vs Budget Thin PET *Including Chips operations. Budget num