Balrampur Chini Mills Limited

19%

to ethanol) is projected to rebound in the 2025–26 season, with an estimated output of 31 MMT, up ~19% from 26.1 MMT in the previous season. We are preparing for an expected upswing in our production v

Rs. 30

overnment Policy front, U.P. Government has increased the State Advised Price (SAP) of sugarcane by Rs. 30 per quintal to Rs. 400 per quintal. Further, the molasses policy announced for the season 2025-26 i

Rs. 400

, U.P. Government has increased the State Advised Price (SAP) of sugarcane by Rs. 30 per quintal to Rs. 400 per quintal. Further, the molasses policy announced for the season 2025-26 is on the same lines as

18%

nounced for the season 2025-26 is on the same lines as previous season requiring millers to deliver 18% of their molasses produce to country liquor in B-heavy terms. I am pleased to share that the Boa

Rs. 3.50

ed to share that the Board of Directors at its meeting held today has announced interim dividend of Rs. 3.50 (350%) per Equity share of Re. 1/- each leading to outflow of ~Rs. 70.7 crores. We continue to mak

350%

e that the Board of Directors at its meeting held today has announced interim dividend of Rs. 3.50 (350%) per Equity share of Re. 1/- each leading to outflow of ~Rs. 70.7 crores. We continue to make hea

Rs. 70.7 crore

ounced interim dividend of Rs. 3.50 (350%) per Equity share of Re. 1/- each leading to outflow of ~Rs. 70.7 crores. We continue to make healthy progress on Polylactic Acid (PLA) project. Construction activities a

Rs. 1093 crore

have also started developing the market by way of trading of imported PLA. Till 31st October 2025 ~Rs. 1093 crores have been spent (Rs. 570 crores via Debt and balance from internal accruals) on the project. BCM

Rs. 570 crore

market by way of trading of imported PLA. Till 31st October 2025 ~Rs. 1093 crores have been spent (Rs. 570 crores via Debt and balance from internal accruals) on the project. BCML stands committed to sustainabl

4.6%

H1FY26 FY25 PBT (Rs. Cr.) PBT Margin (%) TCI (Rs. Cr.) TCI Margin (%) Basic EPS (Rs.) 59.15 4.6% Q2FY25 79.85 4.8% Q2FY26 71.08 5.5% Q2FY25 57.29 3.4% Q2FY26 3.33 2.67 Q2FY25 Q2FY26 56

4.8%

s. Cr.) PBT Margin (%) TCI (Rs. Cr.) TCI Margin (%) Basic EPS (Rs.) 59.15 4.6% Q2FY25 79.85 4.8% Q2FY26 71.08 5.5% Q2FY25 57.29 3.4% Q2FY26 3.33 2.67 Q2FY25 Q2FY26 562.25 438.84 21.65

5.5%

(%) TCI (Rs. Cr.) TCI Margin (%) Basic EPS (Rs.) 59.15 4.6% Q2FY25 79.85 4.8% Q2FY26 71.08 5.5% Q2FY25 57.29 3.4% Q2FY26 3.33 2.67 Q2FY25 Q2FY26 562.25 438.84 21.65 161.53 152.93 141

“FY25 B-heavy molasses (Rs./quintal) 1,150 w.e.f Oct-24 H1FY25 1,090 H2FY26 1,150 Q2FY25 Q2FY26 H1FY25 H1FY26 FY25 Q2FY25 Q2FY26 H1FY25 H1FY26 FY25 Syrup (Rs./quintal) 1,614 N.A.”

“2025 0.58 18.81 18.26 9.01 8.15 H1FY25 H1FY26 FY25 H1FY25 H1FY26 FY25 H1FY25 H1FY26 FY25 * Includes ~0.7 crore units purchased and sold in Q2FY25, H1FY25 & FY25”

“Quantity variance because of seasonality BCML | Q2FY26 Results 20 POLY LACTIC ACID (PLA) BCML | Q2FY26 Results 21 Poly Lactic Acid (PLA) Project FINANCIAL UPDATE GROSS CAPEX: ~ Rs.”

“THIS POLICY IS A PIVOTAL STEP TOWARDS A GREENER FUTURE BCML | Q2FY26 Results 23 Poly Lactic Acid (PLA) Project PROGRESS Entire land for the Project has been acquired Contracts for foreign technology partners viz.”

“1093 crores Other consents required for the Project is underway/applied for R&D lab at site has been built PLA import for analysis and product development by compounders and converters has begun Warehouse and system set-up completed Construction activities have begun BCML | Q2FY26 Results 24 Poly Lactic Acid (PLA) Project UPDATE ON STATUTORY COMPLIANCE”

“1454.13 Crores Q2FY26 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 H1FY25 1,090 H2FY26 1,150 Q2FY25 Q2FY26 H1FY25 H1FY26 FY25 Q2FY25 Q2FY26 H1FY25 H1FY26 FY25 Syrup (Rs./quintal) 1,614 N.A. * N.A. * * No cane diverted towards syrup BCML | Q2FY26 Results 17 Country’s Ethanol Blending & UP Molasses Policy Update

Ethanol prices under the EBP Programme are as under

Total Allocation ESY 2025-26 (Cr BL) (under Cycle1) 1048.6 760.0 165.9 110.5 12.2 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 ₹23.20 per kg to ethanol distilleries under the EBP programme for ESY 2025-26. During ESY 2024-25 total supply was ~905 Cr BL till 30th September 2025 against total contracted quantity of ~1131.7 Cr BL resulting in Ethanol blending of ~19.17%. UP Molasses Policy for SS 2025-26 requires sugar mills to deliver 18% of their molasses produce towards country liquor in B-heavy terms. This is on same lines with previous years policy. BCML | Q2FY26 Results 18 Sl.No.Ethanol YearC-routeB-routeSyrupDFGSFGMaize1ESY 2023-24: (Nov-23 - Oct-24)56.28 60.73 65.61 64.00 58.50 71.86 2ESY 2024-25: (Nov-24 - Oct-25)57.97 60.73 65.61 64.00 58.50 71.86 3ESY 2025-26: (Nov-25 - Oct-26)64.00 60.32 71.86 Price of Ethanol under various feed-stock (Rs./BL)Yet to be announced CO-GENERATION BCML | Q2FY26 Results

Note

Quantity variance because of seasonality BCML | Q2FY26 Results 20 POLY LACTIC ACID (PLA) BCML | Q2FY26 Results 21 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 COMMITTED CONTRACTS SO FAR ~Rs. 2218 crores 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 | Q2FY26 Results 22 Poly Lactic Acid(PLA) Project GOVERNMENT SUPPORT Uttar Pradesh State Government announced Bio Plastic Industrial Policy 2024 On 4th October, 2024. Unde

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 | Q2FY26 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. Demonstrate PLA based products like food trays, cups, cutlery, and packaging materials. Engage MSMEs, retailers, and government bodies through live demos and consultations. Accelerate adoption of PLA as a viable alternative to single-use plastics. Business Development • 175 + customers targeted till date • Catering to 50+ customers (Direct + Hybrid) • 30+ Trial

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 | Q2FY26 Results 35 THANK YOU