TRIVENINSE6 November 2025

Triveni Engineering & Industries Limited has informed the Exchange about Investor Presentation

Triveni Engineering & Industries Limited

· ,.z .. · p'VeR'

ENGINEERING & INDUSTRIES LTD.

'" +91 1204308100 lit +911204311010/11 ; www.trivenigroup.com

REF'TEIL'SE' BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai -400 001 Thru: BSE Listing Centre

Date: 06th November, 2025 National Stock Exchange of India Limited Exchange Plaza, C-l, Block G Bandra Kurla Complex, Bandra (E) Mumbai - 400 051 Thru: NEAPS

Scrip Code: 532356 Sub: Investors' brief & Presentation for Q2 & HI FY26 ended September 30, 2025

Symbol: TRIVENI

Dear Sirs,

We send herewith a copy of investors' brief & Presentation on the performance of the Company for the Q2 & HI FY26 (consolidated) ended September 30, 2025 for your information. The same is also being made available on the Company's website www.trivenigroup.com.

Thanking you,

Yours faithfully, For Triveni Engineering & Industries Ltd.

GEETA BHALLA Group Vice President & Company Secretary M.No.A9475

Ene!: As above

Corporate Office: 8th Floor. Express Trade Towers, Plot 15 & 16, Sector 16-A, Noida, Uttar Pradesh - 201301, India. Registered Office: A-44. Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh. CIN No.: L 15421 UP1932PLC02217 4

GEETA BHALLADigitally signed by GEETA BHALLA Date: 2025.11.06 17:57:36 +05'30'Registered office: A-44, Hosiery Complex, Phase-II Extension, Noida-201 305, Uttar Pradesh, India. Corporate office: Express Trade Towers, 8th floor, 15-16, Sector 16A, Noida 201301, Ph: 0120-4308000, Fax: 0120-4311011 CIN: L15421UP1932PLC022174

For Immediate Release

H1 FY26 Consolidated Results ended September 30, 2025

• Revenue from Operations (Net of excise duty) at ₹ 3,304 crore • Profit Before Tax at ₹ 32 crore • Profit After Tax at ₹ 23.5 crore

• Overall Sugarcane crop position seems healthy for the upcoming Sugar Season (SS) 2025-26

• Improved Distillery operations due to higher sales volumes and rationalization of maize prices • More traction in order booking of PTB and Water Business expected in subsequent quarters

NOIDA, November 6, 2025: Triveni Engineering & Industries Ltd. (‘Triveni’), one of the largest integrated sugar

& ethanol manufacturers & engineered-to-order turbo gearbox manufacturers in the country and a leading

player in water and wastewater management business, today announced its financial results for the second

quarter ended September 30, 2025 (Q2 FY 26). The Company has prepared the financial results based on the

Indian Accounting Standards (Ind AS) and as in the past, has been publishing and analyzing results on a

consolidated basis.

PERFORMANCE OVERVIEW: Q2/H1 FY 26 (Consolidated Results)

Revenue from Operations (Gross) Revenue from Operations (Net of excise duty) EBITDA EBITDA Margin Share of income of Joint Venture Profit Before Tax (PBT) Profit After Tax (PAT) Other Comprehensive Income (Net of Tax) Total Comprehensive Income EPS (not annualised) (₹/share)

NM: Not Meaningful

Q2 FY 26 Q2FY 25

Change % H1 FY 26 H1 FY 25 Change %

2,014.5

1,748.3

15.2

3,968.9

3,282.4

20.9

In ₹ crore

18.4

41.4

177.8 174.0

1,706.2

1,491.0

14.4

3,304.4

2,791.6

373.2

NM NM

163.2 4.9% -0.1 32.0 23.5

-0.2

23.3 1.38

115.4 4.1% -0.1 11.5 8.6

-4.7

3.8 0.39

86.7 5.1% 0.0 29.1 21.4

-0.7

20.7 1.18

18.3 1.2% -0.1 -30.3 -22.4

-0.1

-22.5 -1.02

Performance Highlights:

▪ Net turnover (Net of excise duty) for H1 FY 26 increased by 18%, supported by 21% increase in

sugar and Allied businesses and 8% increase in engineering businesses. For Q2 FY26, Net turnover

increased by 14%, supported by healthy double digit growth across both businesses.

▪ Healthy increase in profitability (PBT) in H1 FY 26 (+178%) and Q2 FY 26, mainly supported by

improvements in the Distillery operations and Engineering Business. Power Transmission

business supported profitability with another healthy quarter. Sugar business profitability

remained subdued in view of major period of the half year being off-season with no

manufacturing activity and all expenses pertaining to such period have been expensed during the

period.

▪ The gross debt on a standalone basis as on September 30, 2025 increased to ₹ 505 crore as

compared to ₹ 383 crore as on September 30, 2024. Standalone debt at the end of the period

under review, comprises term loans of ₹310 crore, out of which loans of ₹158 crore are with

interest subvention. On a consolidated basis, the gross debt is at ₹753 crore as on September 30,

2025 as compared to ₹ 536 crore as on September 30, 2024. Overall average cost of funds

(standalone) is at 6.4% during Q2 FY26 as against 6.7% in the previous corresponding period.

Sugar and Allied Businesses:

▪ Net turnover increased by 18% in Q2 FY26 and by 21% in H1 FY 26 , supported by 14% increase

in consolidated Sugar dispatches as well as improved sugar realisations and 19% increase in sales

volume of alcohol.

▪ Significant improvement in segment profitability. Sugar results in Q2 include income of Rs 16.81

crores arising from revision of power tariff which are applicable from 01-04-2024.

▪ Higher sales volume and correction in maize prices resulted in much improved results for the

distillery operations.

▪ Overall Sugarcane crop position seems healthy for the upcoming Sugar Season (SS) 2025-26.

▪ Actively participated in the latest EOI floated by Public sector OMCs. In addition to this, also

secured allocation by private OMCs.

Engineering Businesses:

▪ Power Transmission Business (PTB) reported marginal increase in revenue and profitability. PBIT

continues to be at 36% for H1 FY 26 despite absorbing incremental expenses relating to increase

in capacity. While the order booking had been subdued during the quarter, we have witnessed

significant improvement in enquiry levels, indicating a pick up in demand momentum going

forward.

▪ The order booking of Water Business has not been as per the expectations, but we expect some

traction in the subsequent quarters. Turnover and segment profits during H1 FY 26 are 19 % and

41% higher than the H1 FY 25.

Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and Managing

Director, Triveni Engineering & Industries Ltd, said:

“Despite a seasonally weak quarter, I am happy to share a significant improvement in financial performance for

the quarter majorly led by improved operations of Distillery.

We have recently commenced sugarcane crush for the new sugar season and initial indications are encouraging

– both in terms of crush and recovery. The cane prices (SAP) for the SS 2025-26 have been recently announced

by the Uttar Pradesh government, and these have increased by Rs 300/MT. We would strive and look forward

to increased recoveries and other efficiencies to contain our costs. We are making timely technology

interventions at our plants to further improve process efficiencies and support our profitability journey. Besides,

firm sugar prices are imperative to meet the increased costs and maintain our profitability, and we would expect

Government to increase the MSP of sugar, which is long outstanding demand of the industry.

Improvement in distillery profitability has been due to higher production and sales volumes and due to correction

in input costs, particularly maize. We again outgrew broader industry in the IMIL segment and are among the

top five players in Uttar Pradesh. In the IMFL segment, we continue to strengthen the brand and expand

distribution.

On our engineering business, The Power Transmission Business reported marginally better operating results and

the order booking during H1 FY 26 has been subdued. However, based on the enquiries being received, we are

hopeful of achieving good double digit growth in the FY 2025-26. We are in the process of setting up a subsidiary

in Europe to market and promote the business of PTB. During the quarter we participated in some of the well-

known exhibitions like TPS Houston and ROTIC Dubai. Through these initiatives, we demonstrated our products

and execution capabilities and facilitated interaction with some of the marquee clients. We also added new

clients during the quarter, thereby further expanding our customer base.

Lastly, the proposed scheme of amalgamation with SSEL and the demerger of the Power Transmission business

is expected to unlock value and drive operational efficiencies. The proposed scheme has been approved by stock

exchange and the process of obtaining approval of NCLT has been initiated. The meetings of stakeholders

9including creditors) under the NCLT process have been scheduled towards the end of November / early

December”.

Q2 / H1 FY 26: BUSINESS-WISE PERFORMANCE REVIEW

(all figures in ₹ crore, unless otherwise mentioned)

Sugar business

Triveni is one of the largest integrated sugar producers in the country, with eight sugar units located in the state

of Uttar Pradesh of which seven sugar units are FSSC1 22000 certified. Two of our units (Chandanpur & Khatauli)

have received Bon Sucro certification. Bon Sucro certification is a globally recognized standard for sustainable

sugarcane production.

Performance

Triveni:

Sugar Domestic Dispatches (Tonnes) Average Realisation (₹/MT)

Revenue (₹ crore) PBIT (₹ crore)

SSEL:

Sugar Domestic Dispatches (Tonnes)

Average Realisation (₹/MT)

Revenue (₹ crore)

PBIT (₹ crore)

NM: Not Meaningful

Consolidated:

Q2 FY 26

Q2 FY 25

Change %

H1 FY 26

H1 FY 25

Change %

2,55,220

2,37,164

40,639

1,119.1

-7.0

38,626

943.4

-28.3

7.6

5.2

18.6

4,95,374

4,64,349

40,557

2,195.8

-2.2

38,826

1,942.9

8.8

6.7

4.5

13.0

Q2 FY 26

Q2 FY 25

Change %

H1 FY 26

H1 FY 25

Change %

21,005

39,896

95.5

-5.4

3,885

38,262

15.9

-7.1

440.7

4.3

500.9

39,047

39,838

188.3

-2.6

3,885

38,262

15.9

-7.7

905.1

4.1

1085.3

Q2 FY 26

Q2 FY 25

Change %

H1 FY 26

H1 FY 25

Change %

Sugar Domestic Dispatches (Tonnes)

2,76,225

2,41,048

40,583

38,620

1,214.6

959.3

14.6

5.1

26.6

5,34,421

4,68,234

40,505

38,821

2,384.1

1,958.8

14.1

4.3

21.7

Average Realisation (₹/MT)

Revenue (₹ crore) PBIT (₹ crore)

-35.4 Note: Consolidated includes SSEL for the period from June 21, 2024 i.e. for the period post becoming a subsidiary of the

-12.4

-4.8

1.1

Company and resultantly, the figures for the current periods are not comparable with previous periods.

1 FSSC: Food Safety System Certification

• Substantial period of H1 FY26 and the entire Q2 FY 26 represent off-season period, and no manufacturing

operations take place during this period. All expenses relating to such period have been expensed out.

• Results include income of Rs 16.81 crores in sugar business resulting from upward revision of power tariff

announced by UPERC with effect from 01-04-2024.

• The increase in cost of sugar sold (due to lower recovery in SS 2024-25) could not be fully offset by higher

sugar realization price and higher sales volume.

• The sugar inventory as on September 30, 2025 was 16.9 lakh quintals, which is valued at ₹ 37.4/kg

Industry Scenario – Domestic • Sugar balance sheet for Sugar Season (SS) 2025-26: With an estimated opening balance as on October 1,

2025 of around 6 million tonnes, domestic production of 31.0 million tonnes, domestic sales of around 28

million tonnes, the closing stock is expected to be around 7 million tonnes. This is after considering diversion

of about 3.25 million tonnes of sugar equivalent into ethanol and 2.0 million tonnes of exports.

• Sugarcane Prices: UP Govt raises Sugarcane State Advised Price (SAP) by ₹30/qtl for SS 2025–26. This

further puts pressure on profitability of Sugar producers in UP and necessitates a review of Sugar Minimum

Support Price (MSP) to bring it in line with increase in input costs.

• Power Tariff Revision: UPERC has recently issued the CRE Regulation 2024 leading to an upward revision in

applicable tariff for export of power to UPPCL from our cogeneration units.

Industry Scenario – International • Global sugar balance sheet pointing to deficit: As per latest report from Covrig Analytics, Global Sugar

Balance Sheet for 2025-26 is pointing to a surplus of 4.1 million tonnes driven by strong production and

lagging demand.

•

International sugar prices: Sugar prices experienced a general declining trend throughout 2025. There was

a brief turnaround with slight gains from late January through March, which sustained some intermittent

volatility. However, prices began a meaningful decline from April onward, hitting multi-month lows in early

July and recording 4.25-year lows in the second half of September 2025.

NY#11 & London#5 Price Trend From 1st, Oct'24 - 22nd, Oct'2025

640

600

560

520

480

440

400

24 23 22 21 20 19 18 17 16 15 14 13

t c O - 1 0

t c O - 6 1

t c O - 1 3

v o N - 5 1

v o N - 0 3

c e D

- 5 1

c e D

- 0 3

n a J - 4 1

n a J - 9 2

b e F - 3 1

b e F - 8 2

r a M - 5 1

r a M - 0 3

r p A - 4 1

r p A - 9 2

London #5

n u J - 3 1

n u J - 8 2

u J - 3 1

u J - 8 2

g u A - 2 1

g u A - 7 2

p e S - 1 1

p e S - 6 2

t c O - 1 1

y y a a M M - - 4 9 1 2 NY #11

Note: London #5 on left hand side (LHS) in $/tonne; NY #11 on right hand side (RHS) in US cents/lb

Alcohol (Distillery) business

The Company has state-of-the-art distilleries spread across Muzaffarnagar (MZN) – 2 facilities, Sabitgarh (SBT),

Milak Narayanpur (MNP), Rani Nangal (RNG) and Shamli in Uttar Pradesh. These facilities have the capability to

produce Ethanol, Extra Neutral Alcohol (ENA), Rectified Spirit (RS) and Denatured Spirit (SDS). The Company

utilises a mix of sugarcane-based as well as grain-based feedstocks. Distillers Dried Grain Solubles (DDGS), a co-

product produced on grain operations is also sold to premium institutions and has been well accepted in market.

The Company also manufactures Indian Made Indian Liquor (IMIL) and Indian Made Foreign Liquor (IMFL) at its

MZN facility.

Performance

Triveni:

Operational details Production (KL) Sales (KL) Avg. Realisation (₹/ ltr)

IMIL Sales (Lakh Cases)

Financial details

Q2 FY 26 Q2 FY 25

Change %

H1 FY 26

H1 FY 25

Change %

59,551

53,024

63.3

13.5

39,238

55,181

64.1

12.8

51.8

-3.9

-1.2

5.5

6.4

-2.1

1,24,510

1,15,358

61.2

29.2

93,859

95,807

62.6

24.5

1,489.8

1,185.5

825.3

694.7

32.6

20.4

-2.2

19.1

25.7

18.8

54.3

16.5

229.6

Gross Revenue (₹ crore) Revenue Net of Excise Duty (₹ crore) PBIT (₹ crore)

705.5

663.1

397.2

405.7

29.3

-3.1

Consolidated:

Operational details Production (KL) Sales (KL) Avg. Realisation (₹/ ltr)

IMIL Sales (Lakh Cases)

Financial details

Gross Revenue (₹ crore) Revenue Net of Excise Duty (₹ crore) PBIT (₹ crore)

Notes

Q2 FY 26 Q2 FY 25

Change %

H1 FY 26

H1 FY 25

Change %

59,551

53,024

63.3

13.5

39,238

56,181

64.1

12.8

705.5

669.4

397.2

412.1

27.7

-5.8

51.8

-5.6

-1.2

5.5

5.4

-3.6

1,24,510

1,15,358

61.2

29.2

93,859

96,807

62.6

24.5

1,489.8

1,191.8

825.3

701.1

32.6

19.2

-2.2

19.1

25.0

17.7

50.8

13.5

276.7

Financials include Indian Made Indian Liquor (IMIL) and Indian Made Foreign Liquor (IMFL)

• • Consolidated includes SSEL for the period from June 21, 2024 i.e. for the period post becoming a subsidiary of the Company and resultantly, the figures for the current periods are not comparable with previous periods. The distillery in SSEL did not operate in the ESY 2024-25

• Sales volume for the quarter was down 6% YoY, impacted by supply disruption due to export fee

notification. Consequently, closing stock of alcohol stood at 167 LL in Sept end, compared to 62 LL last year.

• Average realization price during Q2 FY 26 is lower due to increase in the share of ethanol produced from

FCI Rice.

• Registered significant improvement in the profitability on the back of correction in input prices (particularly

maize) and strong focus on cost optimization.

• Ethanol constituted 92% of alcohol sales during Q2 FY26, compared to 93% in Q2 FY25.

• Sale of Ethanol/ENA produced from sugarcane-based feedstocks (majorly B-heavy) constituted 46% of the

total alcohol sales for Q2 FY26 (44% for Q2 FY25), while Ethanol/ENA produced from grain contributed to

the balance 54% in Q2 FY26 (56% for Q2 FY25).

Domestic Industry Scenario

• For Ethanol Supply Year (ESY) 2025-26 (Nov-Oct) (Cycle 1), OMCs2 have secured around 1,048 crore litres of

ethanol.

• Procurement price of FCI3 ethanol revised from Rs 58.50/ltr to Rs 60.32/ltr (in line with increase in

administered price of FCI rice from Rs 22.50/kg to Rs 23.20/kg).

• The EOI for ESY 2025-26 had stipulated a condition that the vendors shall offer minimum 40% of the total

grain-based offers, from FCI Rice during Q1 – Q3 of ESY 25-26.

• To meet the target of 20% blending during the ESY, the OMCs may float other cycles of EOI (approx. 200

crore ltrs) during the remaining part of the ESY.

• Expect Maize procurement prices to remain soft, further supporting recovery in profitability.

2 OMCs: Oil Marketing Companies 3 FCI: Food Corporation of India

Power Transmission Business

Triveni Power Transmission Business (PTB) based at Mysuru involves manufacturing of high-speed gears and

gearboxes up to 70MW capacity with speeds of 70,000 rpm and Defence products and solutions for the Indian

Navy. This business was founded in 1976 to meet the increasing demand for high-speed gears for Steam Turbine

Generator (STG) applications. Today, this business is synonymous with cutting-edge technology, knowledge,

and expertise, covering installations in 80+ countries across a wide range of applications. The business has

extensive expertise in the design and development of all sorts of gears and gearboxes, as well as a modern,

globally benchmarked manufacturing facility. PTB has grown to become one of the leading turbo gears

manufacturing companies in India with over 45 years of track record and a rich history. It has carved a niche for

itself by being ubiquitous across industry segments and application spectrums.

Performance

Revenue (₹ crore)

PBIT (₹ crore)

Order Booking (₹ crore)

Closing Order Book (₹ crore) – Total*

Order booking break-up

Segment wise

Product (₹ crore)

Aftermarket (₹ crore)

Defence (₹ crore)

Geography wise

Domestic (₹ crore)

Exports (₹ crore)

Q2 FY 26

Q2 FY 25

Change %

H1 FY 26

H1 FY 25

Change %

109.9

46.0

85.4

398.0

48.7

24.3

12.3

72.8

12.6

102.1

38.5

141.5

345.0

65.6

42.1

33.7

104.1

37.4

7.7

19.4

-39.7

15.4

-25.8

-42.2

-63.5

-30.0

-66.4

160.2

58.0

169.6

398.0

105.1

47.9

16.5

140.8

28.8

156.9

56.7

207.0

345.0

108.6

34.4

163.7

43.3

2.1

2.3

-18.1

15.4

-3.2

-25.1

-51.9

-14.0

-33.5

• Order booking has been subdued during the quarter and the half year but based on our visibility and

enquiries being received, we are hopeful of registering double digit growth in order booking, turnover

and profitability. Order booking includes product and aftermarket of 57% and 28%. Further, order

booking during Q2 FY 26 includes exports of 15%.

• During the quarter, we continued to focus on building the brand with participation in key exhibitions

across the world.

• Despite a tough operating environment and after absorbing incremental costs relating to capacity

increase, PBT margins improved by more than 400bps on the back of favorable product mix and strong

focus on cost optimization.

• During H1 FY26, we registered nine new customers in the product segment, including some of the

marquee industry names.

• The work in the upcoming defense facility is proceeding as per the plan and we target to inaugurate the

facility in December 2025.

• Triveni Power Transmission Limited (TPTL), a wholly owned subsidiary of the company has acquired

100% stake in Triveni Power Transmission GmbH (TPTGmbH), a Swiss company. With the said

acquisition, TPTGmbH becomes a subsidiary of TPTL and step-down subsidiary of TPTL.

Outlook

• While we are witnessing subdued demand environment in near term, we remain optimistic on long

term outlook. India’s economic growth is likely to continue its momentum supported by strong

manufacturing and investment demand in medium-long run.

• To further augment its growth in domestic market, company is also venturing into new products with

encouraging results.

•

International market continues to be a key area of thrust. Our quality leadership in the Domestic

market has paved way to the many Overseas customers qualifying Triveni for STG and Compressor

gearboxes. Our acceptability in the overseas market is on the rise due to continuous marketing

efforts, opening of European sales office and enlistment in approved vendor list.

Water business

Water Business Group (WBG) of Triveni is one of India’s leading businesses today in the market offering

complete range of Water & Wastewater solutions, through innovative technologies and the latest equipment

range. The business has strong management and innovation skills in handling EPC projects of varying

complexities up to large scale across sectors and regions. It provides turnkey execution and Operations &

Maintenance (O&M) of water and wastewater treatment facilities for both the municipal and industrial sectors.

The business has engineering roots and constantly invests in new technologies to ensure quality with faster

deliveries at an optimised cost for its products & services. The business has carried out successful execution of

more than 100 projects of varying magnitude and complexities across municipal and industrial sectors with

quality and commitment to timely delivery. Cost Management & Efficiencies are in business’ DNA which helps

it to maintain a prominent position in this segment.

Performance (Consolidated)

Q2 FY 26

Q2 FY 25

Change %

H1 FY 26

H1 FY 25

Change %

Revenue (₹ crore) PBIT (₹ crore) Orders Received (₹ crore) Closing Order Book (₹ crore)*

54.4 2.2 22 1,520

40.0 3.2 449 1,726

35.8 -31.9 -95 -12

108.7 13.2 28 1,520

91.1 9.3 461 1,726

19.3 41.0 -94 -12

* including long duration orders for Operations & Maintenance (O&M)

• The above results are based on consolidated results including wholly owned SPVs executing (i) Mathura

PPP/HAM4 Project awarded by UP Jal Nigam, funded by National Mission of Clean Ganga (NMCG) under

Namami Gange Programme and (ii) Pali ZLD Pvt. Ltd.

• The outstanding order book as on September 30, 2025 stood at ₹ 1,520 crore, which includes ₹ 1,092 crore

towards O&M contracts for a longer period of time.

Outlook

• Due to significant gap between demand and current availability of water & wastewater treatment plants,

the water sector has a positive outlook and offers significant opportunities.

• New opportunities are emerging in recycle, reuse and Zero Liquid Discharge kind of business on EPC as HAM

model.

• Sewage recycling is a new area of business and wherever industries are available as off-takers for buying

treated sewage, this model is expected to emerge significantly.

• The Company is also evaluating various international opportunities and intends to participate in several

tenders in Water & Wastewater treatment projects.

• The business is also actively targeting foreign projects wherever it possesses the pre-qualifications and

funding is ensured through multilateral and reputed agencies.

4 PPP/HAM: Public-Private Partnership/ Hybrid Annuity Model 10

Attached: Details to the Announcement and Results Table

About Triveni Engineering & Industries Limited Triveni Engineering & Industries Limited (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar, alcohol, power transmission and water. The Company holds the position of one of India's largest integrated sugar manufacturers and one of the largest ethanol manufacturers, while making significant contributions in Power Transmission and in Water & Wastewater treatment solutions. TEIL currently has eight sugar mills in operation at Khatauli, Deoband, Sabitgarh, Shamli (all in western Uttar Pradesh), Chandanpur, Rani Nangal and Milak Narayanpur (all in central Uttar Pradesh) and Ramkola (eastern Uttar Pradesh). While the Company’s Power Transmission (Gears) manufacturing facility is located at Mysuru, the Water & Wastewater treatment business is located at Noida. The Company currently operates 6 co-generation power plants located across five sugar units, with 104.5 MW grid connected co-generation capacity.

The Company has state-of-the-art distilleries spread across Muzaffarnagar (MZN) – 2 facilities, Sabitgarh (SBT), Milak Narayanpur (MNP), Rani Nangal (RNG) and Shamli in Uttar Pradesh. These facilities have the capability to produce Ethanol, Extra Neutral Alcohol (ENA), Rectified Spirit (RS) and Denatured Spirit (SDS). The Company utilises a mix of sugarcane-based feedstocks as well as grain. Distillers Dried Grain Solubles (DDGS), a co-product produced on grain operations is also sold to premium Institutions and has been well accepted in the market. The Company also manufactures Indian Made Indian Liquor (IMIL) and Indian Made Foreign Liquor (IMFL).

The Company produces premium quality multi-grade crystal sugar, raw (as per the market/export requirements), refined and pharmaceutical-grade sugar. Seven sugar units are FSSC 22000 certified. The sugar is supplied not only to household consumers but also to bulk consumers. The Company has supply chain relationship with leading multinational beverage, food & FMCG companies, pharmaceutical companies and leading confectionery producers.

The Company is one of leading market players in the engineered-to-order turbo gearbox industry in India. The Power Transmission business has two different business segments – Gears and Defence. It delivers robust and reliable Gears solutions which cover a range of applications and industries to meet the ever-changing operating conditions and customers’ requirements. The Company has become a major supplier to all major OEMs in the country, offering solutions to all industrial segments including Oil and Gas as per AGMA, API-613 and API-677 standards. It is amongst the market leaders in high-speed Gears and Gearboxes up to 70 MW capacity and speed of 70,000 rpm. The major product portfolio includes steam turbines, gas turbines and compressor gearboxes under the High-Power High-Speed segment. In the Low-Speed segment, the Company focuses on the gearboxes used in applications such as reciprocating pumps and compressors, hydel turbines, mill and extruder drives for metal, sugar, rubber and plastic industries, marine applications, etc. Its robust and reliable products are backed by 360-degree service solutions which minimise the downtime for its customers. The Company provides health monitoring services for all types of critical gearboxes, high-speed and low-speed, as well as maintains an inventory of dimension ready sites for immediate solution.

The Company provides complete and sustainable water technology solutions across the water usage segments. Advanced Solutions offered for total water management include turnkey/EPC, customer care, operations and maintenance, life cycle models such as Design, Build Own & Operate (DBOO), Design, Build Own Operate and Transfer (DBOOT), BOOT, equipment supply for unit processes like screening, grit separation, clarification and sludge handling. The Customer Care Division offers value added services for operation management and performance optimisation. The quality service offerings are tailored to customers’ requirements, which in many cases form an integral part of the main contract - operations and maintenance, annual maintenance contracts, product & process audit, health check-up and overhauling, pilot experiments, refreshment, upgradation and automation of existing plants, spares and service consumables and chemicals and on-site training and assistance.

Triveni Brands is the FMCG Division of the Company which currently constitutes Shagun Sugar, Triveni Sugar and the Private Label Business. The mission of this division is to create innovative and high-quality products that delight customers. Our products have a strong omni-channel strategy and we are committed to growing in a sustainable manner while keeping customers at the very center.

As a result of a Scheme of Arrangement, the Company's steam turbine division was demerged into one of its wholly owned subsidiaries, Triveni Turbine Limited (TTL), and was listed on the NSE and BSE in 2011. The Company owned 21.85% of TTL's equity, until September 21, 2022 when the entire stake was divested with net proceeds of ₹ 1,593 crore.

On March 11, 2024, the Company acquired 25.43% equity stake in Sir Shadi Lal Enterprises Limited, (SSEL), followed by further acquisition of additional 36.34% stake on June 20, 2024. Consequently, SSEL has become a subsidiary of the Company with effect from June 20, 2024. The Company currently holds 61.77% equity stake in SSEL. SSEL is engaged in the business of manufacturing sugar, ethanol/alcohol with two manufacturing units in Uttar Pradesh.

For further information on the Company, its products and services please visit www.trivenigroup.com

Himanshu Sharma Triveni Engineering & Industries Ltd Ph: +91 120 4308000 E-mail: ir@trivenigroup.com

Gavin Desa/ Rishab Barar CDR India Ph: +91 22 6645 1237 / 1235 E-mail: gavin@cdr-india.com|rishab@cdr-india.com

Note: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Triveni Engineering & Industries Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

TRIVENI ENGINEERING & INDUSTRIES LIMITED Regd. Office: A-44, Hosiery Complex, Phase-Il Extension, Noida, Uttar Pradesh - 201 305 Corp. Office: 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, Uttar Pradesh - 201 301 CIN: L1542IUP1932PLC022174

Statement of Standalone Unaudited Financial Results for the Quarter and Half Year ended September 30, 2025

(t in crores, except per share data)

Particulars

1 Revenue from operations 2 Other income Total income

3 Expenses

(a) Cost of materials consumed (b) Purchases of stock-in-trade (c) Changes in inventories of finished goods, stock-in-trade and work-in-

progress

(d) Excise duty on sale of goods (e) Employee benefits expense (f) Finance costs (g) Depreciation and amortisation expense (h) Other expenses

Total expenses

4 Profit/[loss] from continuing operations before exceptional items and tax 5 Exceptional items (net) - incomey'(expense) 6 Profit/tloss) from continuing operations before tax 7 Tax expense

(a) Current tax (b) Deferred tax

Total tax expense

8 ProfiV(loss) from continuing operations after tax 9 Profit/ (loss) from discontinued operations 10 Tax expense of discontinued operations 11 Profit/ (loss) from discontinued operations (after tax) 12 ProfW(loss) for the period 13 Other comprehensive income

A (i) Items that will not be reclassified to profit or loss A (ii) Income tax relating to items that will not be reclassified to profit or loss B (i) Items that will be reclassified to profit or loss 13 (ii) Income tax relating to items that will be reclassified to profit or loss Other comprehensive income for the period, net of tax

14 Total comprehensive income for the period 15 Paid up equity share capital (face value ~ 1/-) 16 Other equity 17 Earnings/ (loss) per share of ~ 1/- each (not annualised)

(a) Basic (in t) (b) Diluted (in ~)

Sec accompanying notes to the standalone financial results

3 Months ended

Year ended 30/Sep/2025 30IJunj2025 30/Sepj2024 30/Sepj2025 30/Sepj2024 31jMarj2025 (Audited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

6 Months ended

1930.76 20.06 1950.82

1881.70 14.40 1896.10

1728.48 8.37 1736.85

3812.46 34.46 3846.92

294.33 2.81

547.17 5.66

229.33 2.67

841.50 8.47

3262.11 15.12 3277.23

710.15 11.08

6655.40 44.95 6700.35

4082.25 27.08

990.89

661.70

967.19

1652.59

1477.20

(83.11)

308.31 100.99 15.65 33.86 160.99 1907.83 42.99 - 42.99

356.24 103.72 31.59 33.10 156.29 1895.47 0.63 - 0.63

9.95 1.16 11.11 31.88 - - - 31.88

- - (1.46) (0.37) (1.09) 30.79 21.89

0.15 0.02 0.17 0.46 - - - 0.46

- - 0.45 0.12 0.33 0.79 21.89

257.38 91.31 13.18 30.05 164.83 1755.94 (19.09) - (19.09)

(4.33) (0.58) (4.91) _(14.18) - - - (14.18)

- - (0.20) (0.06) (0.14) (14.32) 21.89

664.55 204.71 47.24 66.96 317.28 3803.30 43.62 - 43.62

490.73 186.48 37.51 58.70 282.87 3254.72 22.51 - 22.51

10.10 1.18 11.28 32.34 - - - 32.34

- - (1.01) (0.25\ (0.76) 31.58 21.89

5.28 0.54 5.82 16.69 - - - 16.69

(5.34) (0.61) (0.10) (0.03) (4.80) 11.89 21.89

1118.70 415.37 67.80 120.00 614.62 6362.71 337.64 - 337.64

74.75 14.47 89.22 248.42 - - - 248.42

(6.56) (0.92) (0.28) (0.07) (5.85) 242.57 21.89 3084.72

1.46 1.46

0.02 0.02

(0.65) (0.65)

1.48 1.48

0.76 0.76

11.35 11.35

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Standalone Unaudited Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Half Year ended September 30, 2025

(~ in erores)

Particulars

30jSepj2025 (Unaudited)

30flunj2025 3OjSepj2024 (Unaudited)

(Unaudited) (Unaudited)

3 Months ended

6 Months ended

Year ended 30jSepj2025 30jSepj2024 31/Marj2025 (Unaudited)

(Audited)

1 Segment Revenue

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission Water

(e) Others

Total Segment revenue Less: Inter segment revenue Total Revenue from operations

2 Segment Results

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission Water

(e) Others

Total Segment results Less:

(i) Finance costs (ii) Other unallocable expenditure net of unallocable income

Total ProfiV(loss) before tax

3 Segment Assets

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission Water

(e) Others

Total Segment assets

Add: Unallocable assets Total Assets

4 Segment Liabilities

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission Water

(e) Others

Total Segment liabilities Add: Unallocable liabilities Total Liabilities

1,119.11 705.49 1824.60

109.93 54.44 164.37

52.55

2041.52 110.76 1930.76

1076.72 784.35 1861.07

50.29 54.06 104.35

53.81

2019.23 137.53 1881.70

(7.02) 29.26 22.24

45.97 2.37 48.34

0.09

70.67

15.65

12.03 42.99

1616.27 1259.40 2875.67

465.24 427.67 892.91

9.26

3777.84 501.96 4279.80

93.60 137.09 230.69

110.27 152.29 262.56

2.07

495.32 701.04 1196.36

4.78 25.05 29.83

12.04 2.73 14.77

0.06

44.66

31.59

12.44 0.63

2601.38 1247.26 3848.64

403.25 440.10 843.35

12.20

4704.19 452.81 5157.00

99.35 116.79 216.14

101.74 141.72 243.46

1.60

461.20 1588.41 2049.61

943.39 663.07 1606.46

102.11

39.89 142.00

47.48

1795.94 67.46 1728.48

(28.32) (3.10) (31.42)

38.50 4.04 42.54

(0.27)

10.85

13.18

16.76 (19.09)

1717.05 1035.40 2752.45

272.84 389.74 662.58

10.27

3425.30 422.35 3847.65

102.73 91.97 194.70

73.88 124.80 198.68

2.54

395.92 575.81 971.73

2195.83 1489.84 3685.67

160.22

108.50 268.72

106.36

4060.75 248.29 3812.46

(2.24) 54.31 52.07

58.01 5.10 63.11

0.15

115.33

47.24

24.47

43.62

1616.27 1259.40 2875.67

465.24 427.67 892.91

9.26

3777.84 501.96 4279.80

93.60 137.09 230.69

110.27 152.29 262.56

2.07

495.32 701.04 1196.36

1942.87 1185.45 3128.32

156.89

90.54 247.43

95.26

3471.01 208.90 3262.11

8.76 16.48 25.24

56.70 10.32 67.02

(0.32)

91.94

37.51

31.92 22.51

1717.05 1035.40 2752.45

272.84 389.74 662.58

10.27

3425.30 422.35 3847.65

102.73 91.97 194.70

73.88 124.80 198.68

2.54

395.92 575.81 971.73

3802.90 2585.96 6388.86

369.89

233.38 603.27

199.80

7191.93 536.53 6655.40

265.04 46.14 311.18

126.80 34.28

161.08

0.00

472.26

67.80

66.82 337.64

3270.19 1186.29 4456.48

372.66 447.13 819.79

9.47

5285.74 394.27 5680.01

324.06 97.63 421.69

103.93 168.47 272.40

2.28

696.37 1877.03 2573.40

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Standalone Statement of Assets and Liabilities

Particulars

ASSETS 1 Non-current assets

(a) Property, plant and equipment (b) Capital work-in-progress (c) Investment property (d) Other intangible assets (e) Financial assets (i) Investments (ii) Trade receivables (iii) Loans (iv) Other financial assets

(f) Other non-current assets

2 Current assets (a) Inventories (b) Financial assets

(i) Trade receivables (ii) Cash and cash equivalents (iii) Bank balance other than cash and cash equivalents (iv) Loans (v) Other financial assets

TOTAL - ASSETS

EQUITY AND LIABILITIES EQUITY

(a) Equity share capital (b) Other equity

LIABILITIES 1 Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities

(b) Provisions (c) Deferred tax liabilities (net) (d) Other non-current liabilities

2 Current liabilities

(a) Financial liabilities

(i) Borrowings (ii) Lease liabilities (iii) Trade payables

- total outstanding dues of micro enterprises and small enterprises - total outstanding dues of creditors other than micro enterprises and small enterprises

(iv) Other financial liabilities

(b) Other current liabilities (c) Provisions (d) Current tax liabilities (net)

TOT AL- EQUITY AND LIABILITIES

(" in crores)

As at

30jSepj2025 31/Marj2025 (Unaudited)

(Audited)

1846.27 80.76 2.78 2.03

149.60 0.82 215.94 16.85 73.21 2388.26

1865.88 31.02 3.75 2.32

149.32 0.82 157.59 22.98 35.61 2269.29

941.23

2564.57

574.79 78.66 5.57 1.37 13.13 276.79 1891.54 4279.80

511.59 32.32 0.44 1.50 13.22 287.08 3410.72 5680.01

21.89 3061.55 3083.44

21.89 3084.72 3106.61

202.88 9.84 19.57 134.95 24.14 391.38

240.22 8.13 17.92 134.02 17.89 418.18

302.24 5.57

1448.89 2.88

12.19

8.55

162.79

395.05

97.80 169.27 52.44 2.68 804.98 4279.80

94.53 145.21 57.44 2.67 2155.22

5680.01 14~g & /I)~

~B~

I~ Naida E') '1/./.1 * ?'a"\" -

. ;§".

"6)

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Standalone Statement of Cash Flows

(~ in crores)

6 Months ended

Year ended 30/Sep/2025 30/Sep/2024 31jMar/2025 (Unaudited) (Unaudited)

(Audited)

Cash flows from operating activities Profit before tax Adjustments for:

Particulars

Depreciation and amortisation expense Bad debts written off/impairment loss allowance (net of reversals) on assets Provision for non moving/ obsolete inventory (net of reversals) Loss on sale/write off of inventory Net fair value (gains)/losses on investments Mark-to-market (gains)/losses on derivatives Credit balances written back Financial guarantee commission income Profit on sale of investment property Unrealised (gains)/losses from changes in foreign exchange rates Loss on sale/write off/impairment of property, plant and equipment Net (profit)/loss on sale/redemption of investments Interest income Dividend income Finance costs

Working capital adjustments:

Change in inventories Change in trade receivables Change in other financial assets Change in other assets Change in trade pay abies Change in other financial liabilities Change in other liabilities Change in provisions

Cash generated from/(used in) operations Income tax paid (net) Net cash inflow/(outflow) from operating activities

Cash flows from investing activities Purchase of property, plant and equipment and intangible assets Proceeds from sale of property, plant and equipment Advance received against assets held for sale Investments in subsidiaries Proceeds from disposal/redemption of investments (other than subsidiaries and joint ventures) Proceeds from sale of investment property Loan to subsidiaries Decrease/ (increase) in deposits with banks Interest received Dividend received Net cash infIow/(outflow) from investing activities

Cash flows from financing activities Proceeds from long term borrowings Repayments of long term borrowings Increase/ (decrease) in short term borrowings Interest paid (other than on lease liabilities) Payment of lease liabilities (interest portion) Payment of lease liabilities (principal portion) Dividend paid Net cash inflow/(outflow) from financing activities

Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period

;.;:::;

;j;{:I9 & II}~ 8 ~

1.1./1. * 'V'O"-' -

~.)

\.ll

''''()l

43.62

22.51

337.64

66.96 (0.36) - - (0.31) 1.39 (4.59) (0.16) (0.32) (1.84) 0.31 - (10.40) (0.08) 47.24

1623.34 (60.55) (4.76) 11.42 (224.20) (5.78) 29.52 (3.34\ 1507.11 (18.12 1488.99

(113.62) 0.77 1.21 (0.12) 0.02 - (58.44) (0.26) 16.73 0.08 (153.63)

25.00 (47.03) (1161.96) (46.77) (0.66) (2.88) (54.72) (1289.02)

46.34 32.32 78.66

58.70 0.92 - 3.33 (0.95) 0.13 (0.95) (0.16) - (0.17) 0.64 (0.03) (3.39) (0.06) 37.51

1487.45 (12.30) (5.04) (28.03) (226.18) 15.86 11.34 1.90 1363.03 (40.86) 1322.17

(153.69) 1.17 - (44.84) 0.03 - (12.45) 0.09 1.65 0.06 (207.98)

42.99 (73.59) (910.73) (37.90) (0.49) (3.05) . (27.36) (1010.13)

104.06 71.11 175.17

120.00 (7.45) (0.48) 0.25 (1.18) 0.35 (1.56) (0.32) (1.11) 0.44 3.05 (0.28) (11.03) (0.06) 67.80

(144.41) (175.33) (0.30) (42.41) 47.74 10.15 20.22 13.52 235.24 (81.54) 153.70

(286.01) 1.54 0.93 (51.16) 0.47 1.47 (129.50) (0.37) 7.91 0.06 (454.66)

168.00 (117.37) 313.79 (67.98) (0.99) (5.92) (27.36) 262.17

(38.79) 71.11 32.32

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Notes to the Standalone Unaudited Financial Results for the Quarter and Half Year ended September 30, 2025

1. The above financial results have been prepared in accordance with the principles and procedures of the Indian Accounting Standards (Tnd AS') notified under section 133 of the Companies Act, 2013, Companies (Indian Accounting Standards) Rules, 2015 (as amended) and relevant guidelines issued by the Securities and Exchange Board of India (SEBI).

In view of the seasonality of the Sugar Business, the performance results may vary from quarter to quarter.

3. The Board of the Directors of the Company, at its meeting held on December 10, 2024, approved a Composite Scheme of Arrangement amongst Triveni Engineering & Industries Limited ('TEIL/ the Company'), Sir Shadi Lal Enterprises Limited ('SSEL') and Triveni Power Transmission Limited ('TPTL') and their respective shareholders and their respective creditors under Section 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013 read with the rules made thereunder (the "Scheme") for amalgamation of SSEL into TElL and demerger of Power Transmission Business of TElL into TPTL. During the quarter under review, the Company has received 'no adverse observations' and 'no objection' from BSE Limited and National Stock Exchange of India Limited respectively. The Scheme is subject to receipt of requisite approvals from the Hon'ble National Company Law Tribunal, Allahabad Bench, concerned statutory and regulatory authorities as well as the approval from the shareholders and creditors of the Company at their respective meetings scheduled to be held on December 7, 2025.

4. Pursuant to Notification dated October 17, 2025 of the Uttar Pradesh Electricity Regulatory Commission (Captive and Renewable Energy Plants) Regulations, 2024, applicable power tariff has been revised with effect from April 1, 2024 for a period of 5 years. Accordingly, differential revenue due to revision of tariff has been accounted for in the above financial results and consequently, revenue from operations for the current quarter has increased by ~ 16.81 crores (comprising ~ 14.38 crores and ~ 2.43 crores pertaining to the financial year 2024-25 and quarter ended June 30, 2025 respectively).

5. As recommended by the Board of Directors, the shareholders at their annual general meeting held on September 8, 2025 approved a final dividend of 250% (i.e. ~ 2.50 per equity share of the face value of 1 each) aggregating to ~ 54.72 crores for the financial year ended March 31,2025, and the same has been paid to all the eligible shareholders within the prescribed time.

6. Subsequent to the quarter, Triveni Power Transmission Limited ('TPTL'), a wholly owned subsidiary of the Company, invested CHF 20,000 (Twenty thousand Swiss Francs) in the share capital of Triveni Power Transmission GmbH ('TPTGmbH), a limited liability company incorporated and existing under the laws of Switzerland, by acquiring 200 ordinary shares, with a nominal value of CHF 100 (One hundred Swiss Francs), at its fair value of CHF 100 per ordinary share. With this acquisition, TPTGm bH has become a wholly-owned subsidiary of TPTL and a step-down subsidiary of the Company.

7. The figures of the previous period(s) under various heads have been regrouped to the extent necessary.

8. The above unaudited standalone financial results of the Company for the quarter and half year ended September 30, 2025 have been reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on November 5, 2025 and November 6, 2025. The Statutory Auditors have carried out a limited review of the above financial results.

For Triveni Engineering & Industries Limited

Place: Noida Date: November 6, 2025

Dhruv M. Sawhney Chairman & Managing Director

TRIVENI ENGINEERING & INDUSTRIES LIMITED Regd. Office: AM, Hosiery Complex, Phase-Il Extension, Noida, Uttar Pradesh - 201 305 Corp. Office: 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, Uttar Pradesh - 201301 CrN: L15421UP1932PLC022174

Statement of Consolidated Unaudited Financial Results for the Quarter and Half Year ended September 30,2025

(f in crores, except per share data)

Particulars

1 Revenue from operations 2 Other income Total income

3 Expenses

(a) Cost 01 materials consumed (b) Purchases of stock-in-trade (c) Changes in inventories of finished goods, stock-in-trade and work-in-

progress

(d) Excise duty on sale of goods (e) Employee benefits expense (f) Finance costs (g) Depreciation and amortisation expense (h) Other expenses

Total expenses

4 Profit/Closs) from continuing operations before share of profit/Closs) of joint

ventures, exceptional items and tax 5 Share of profit/ (loss) of joint ventures 6 Profit/Closs) from continuing operations before exceptional items and tax 7 Exceptional items (net) - income/ (expense) 8 Profit/Closs) from continuing operations before tax 9 Tax expense

(a) Current tax _(b) Deferred tax Total tax expense

10 Profit/(loss) from continuing operations after tax 11 Profit/ (loss) from discontinued operations 12 Tax expense of discontinued operations 13 Profit/ (loss) from discontinued operations (after tax) 14 Profit/(loss) for the period

Profit/ (loss) for the period attributable to :

(a) Owners of the Company (b) Non-controlling interests

15 Other comprehensive income

A (i) Items that will not be reclassified to profit or loss A (ii) Income tax relating to items that will not be reclassified to profit or loss B (i) Items that will be reclassified to profit or loss B (ii) Income tax relating to items that will be reclassified to profit or loss Other comprehensive income for the period, net of tax Other comprehensive income for the period, net of tax attributable to:

(a) Owners of the Company (b) Non-controlling interests

16 Total comprehensive income for the period

Total comprehensive income for the period attributable to:

(a) Owners of the Company (b) Non-controlling interests

17 Paid up equity share capital (face value ~ 1/-) 18 Other equity 19 Earnings per share of ~ 1/ - each (not annualised)

(a) Basic (in~) (b) Diluted (in ~

See accompanying notes to the consolidated financial results

3 Months ended

Year ended 30/Sep/2025 30/Jun/2025 30/Sep/2024 30/Sep/2025 30/Sep/2024 31jMar/2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

6 Months ended

(Audited)

2014.46 20.59 2035.05

1954.46 22.98 1977.44

1748.33 13.68 1762.01

3968.92 43.57 4012.49

3282.36 24.49 3306.85

6807.94 57.64 6865.58

282.76 2.81

593.24 5.66

228.33 2.68

876.00 8.47

709.14 11.08

4332.59 27.08

1077.72

678.09

987.61

1755.81

1497.62

(227.06)

308.31 107.17 21.50 36.13 169.59 2005.99

356.24 110.46 38.15 35.37 157.27 1974.48

257.38 96.95 16.38 32.14 170.74 1792.21

664.55 217.63 59.65 71.50 326.86 398D.47

490.73 192.98 42.79 61.03 289.93 3295.30

29.06

0.03 29.09 - 29.09

10.59 (2.88) 7.71 21.38 - - - 21.38

25.90 (4.52)

0.50 0.12 (1.46) (0.37\ (0.71\

(0.85) 0.14 20.67

25.05 (4.38\ 21.89

2.96

(30.20)

(0.10) 2.86 - 2.86

2.71 (1.95) 0.76 2.10 - - - 2.10

4.41 (2.31\

0.30 0.08 0.45 0.12 0.55

0.46 0.09 2.65

4.87 (2.22) 21.89

(0.06) (30.26) - (30.26

(4.19) (3.65\ (7.84 (22.42 - - - (22.42)

(19.20) (3.22)

0.09 - (0.20) (0.05) (0.06)

(0.09) 0.03 (22.48)

(19.29) (3.19) 21.89

32.02

(0.07) 31.95 - 31.95

13.30 (4.83) 8.47 23.48 - - - 23.48

30.31 (6.83)

0.80 0.20 (1.01) (0.25) (0.16)

(0.39) 0.23 23.32

29.92 (6.60) 21.89

1118.70 438.52 83.45 126.16 642.00 6541.44

324.14

0.09 324.23 - 324.23

75.75 10.22 85.97 238.26 - - - 238.26

11.55

(0.05) 11.50 - 11.50

5.66 (2.73) 2.93 8.57 - - - 8.57

12.07 (3.50)

243.19 (4.93\

(5.25) (0.61) (0.10) (0.02\ (4.72\

(4.75) 0.03 3.85

7.32 (3.47\ 21.89

(7.60) (1.18) (0.29) (0.07) (6.64)

(6.34) (0.30) 231.62

236.85 (5.23) 21.89 3089.28

1.18 1.18

0.20 0.20

(1.02) (1.02)

1.38 1.38

0.39 0.39

10.88 10.88

Consolidated Unaudited Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Half year ended September 30,2025

TRIVENI ENGINEERING & INDUSTRIES LIMITED

(f in crores)

Particulars

1 Segment Revenue

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission Water

Total Segment revenue Less: Inter segment revenue Total Revenue from operations

2 Segment Results

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission Water

Total Segment results Less:

(i) Finance costs (ii) Share of (profit)jloss of joint ventures (iii) Other unallocable expenditure net of unallocable income

Total Profit/{loss) before tax

3 Segment Assets

(a) Sugar & Allied Businesses

Sugar Distillery

(b)

Engineering Businesses Power transmission Water

Total Segment assets Add: Unallocable assets Total Assets

4 Segment Liabilities

(a) Sugar & Allied Businesses

Sugar Distillery

(b) Engineering Businesses Power transmission Water

Total Segment liabilities Add: Unallocable liabilities Total Liabilities

3 Months ended 30jSepj2025 30jJ unj2025 30jSepj2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)

30jSepj2025 30jSepj2024 31jMar/2025

6 Months ended

Year ended

1214.57 705.49 1920.06

1169.57 784.35 1953.92

959.28 669.44 1628.72

109.93 54.39 164.32

52.55

2136.93 122.47 2014.46

50.29 54.29 104.58

53.81

2112.31 157.85 1954.46

102.11 40.04 142.15

47.48

1818.35 70.02 1748.33

2384.14 1489.84 3873.98

160.22 108.68 268.90

106.36

4249.24 280.32 3968.92

1958.76 1191.82 3150.58

156.89 91.09 247.98

95.26

3493.82 211.46 3282.36

(12.38) 27.72 15.34

45.97 2.20 48.17

0.09

63.60

21.50 (0.03) 13.04 29.09

1981.36 1429.44 3410.80

465.24 596.44 1061.68 9.26

4481.74 209.62 4691.36

185.07 150.07 335.14

110.27 165.21 275.48

2.07

612.69 950.44 1563.13

7.58 23.10 30.68

12.04 10.97 23.01

0.06

53.75

38.15 0.10 12.64 2.86

(35.40) (5.79) (41.19)

38.50 3.23 41.73

(0.27)

0.27

16.38 0.06 14.09 (30.26)

(4.80) 50.82 46.02

58.01 13.17 71.18

0.15

117.35

59.65 0.07 25.68 31.95

1.09 13.49 14.58

56.70 9.34 66.04

(0.32)

80.30

42.79 0.05 25.96 11.50

3050.85 1418.38 4469.23

1761.28 1093.44 2854.72

1981.36 1429.44 3410.80

1761.28 1093.44 2854.72

403.25 617.75 1021.00

12.20

5502.43 168.59 5671.02

221.89 133.54 355.43

101.74 155.26 257.00

1.60

614.03 1894.71 2508.74

272.84 558.52 831.36

10.27

3696.35 510.85 4207.20

352.58 111.09 463.67

73.88 140.59 214.47

2.54

680.68 724.47 1405.15

465.24 596.44 1061.68

9.26

4481.74 209.62 4691.36

185.07 150.07 335.14

110.27 165.21 275.48

2.07

612.69 950.44 1563.13

272.84 558.52 831.36

10.27

3696.35 510.85 4207.20

352.58 111.09 463.67

73.88 140.59 214.47

2.54

680.68 724.47 1405.15

3966.95 2592.19 6559.14

369.89 234.23 604.12

199.80

7363.06 555.12 6807.94

266.50 39.67 306.17

126.80 32.78 159.58 - 465.75

83.45 (0.09) 58.16 324.23

3738.57 1358.35 5096.92

372.66 617.01 989.67

9.48

6096.07 146.10 6242.17

523.72 114.76 638.48

103.93 182.42 286.35

2.28

927.11 2155.44 3082.55

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Consolidated Statement of Assets and Liabilities

Particulars

ASSETS

1 Non-current assets

(a) Property, plant and equipment

(b) Capital work-in-progress

(d) Goodwill

(e) Other intangible assets

(f) Investments accounted for using equity method

(g) Financial assets (i) Investments

(ii) Trade receivables

(iii) Loans

(i v) Other financial assets

(h) Deferred tax assets (net) (i) Other non-current assets

2 Current assets

(a) Inventories (b) Financial assets

(i) Trade receivables

(ii) Cash and cash equivalents

(iii) Bank balance other than cash and cash equivalents

(iv) Loans

(v) Other financial assets

TOTAL - ASSETS

EQUITY AND LIABILITIES

EQUITY

(a) Equity share capital

(b) Other equity

Equity attributable to owners of the Company

Non-controlling interests

LIABILITIES

1 Non-current liabilities

(a) Financial liabilities

(i) Borrowings (ii) Lease liabilities

(b) Provisions (c) Deferred tax liabilities (net) (d) Other non-current liabilities

2 Current liabilities

(a) Financial liabilities

(i) Borrowings (ii) Lease liabilities

(iii) Trade payables

- total outstanding dues of micro enterprises and small enterprises - total outstanding dues of creditors other than micro enterprises and small enterprises

(iv) Other financial liabilities

(b) Other current liabilities

(d) Current tax liabilities (net)

TOTAL- EQUITY AND LIABILITIES

(~ in crores)

As at 30/Sep/2025 (Unaudited)

As at 31/Mar/2025 (Audited)

2295.88 81.76 10.33 0.68 2.09 2.70

7.29 145.49 0.00 23.74 39.04 76.02 2685.02

2319.79 31.60 11.30 0.68 2.40 2.77

7.01 149.73 0.09 23.12 33.29 38.35 2620.13

1012.03

2737.81

588.42 89.45 12.57 0.37 16.77 286.73 2006.34 4691.36

21.89 3064.48 3086.37 41.86 3128.23

388.56 9.84 29.71 135.63 35.84 599.58

519.81 46.08 8.65 0.50 16.59 292.60 3622.04 6242.17

21.89 3089.28 3111.17 48.45 3159.62

397.27 8.13 29.85 134.76 30.14 600.15

364.12 5.57

1571.76 2.88

12.19

8.55

217.95

108.98 173.26 77.25 4.23 963.55 4691.36

550.99

111.75 150.09 83.50 2.88 2482.40 6242.17

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Consolidated Statement of Cash Flows

(~ in crores)

Particulars

Cash flows from operating activities Profit before tax Adjustments for:

Share of net (profit)/loss of joint venture accounted for using the equity method Depreciation and amortisation expense Bad debts written off/ impairment loss allowance (net of reversals) on assets Provision for non moving/ obsolete inventory (net of reversals) Loss on sale/ write off of inventory Net fair value (gains)/ losses on investments Mark-to-market (gains)/losses on derivatives Credit balances written back Profit on disposal of investment property Unrealised (gains)/losses from changes in foreign exchange rates Loss on sale/write off/impairment of property, plant and equipment Net (profit)/loss on sale/redemption of investments Interest income Dividend income Finance costs

Working capital adjustments: Change in inventories Change in trade receivables Change in other financial assets Change in other assets Change in trade payables Change in other financial liabilities Change in other liabilities Change in provisions

Cash generated fromf(used in) operations Income tax paid (net) Net cash inflow/(outflow) from operating activities

Cash flows from investing activities Purchase of property, plant and equipment and intangible assets Proceeds from sale of property, plant and equipment Advance received against assets held for sale Investments in subsidiaries Proceeds from disposalj redemption of investments (other than subsidiaries and joint ventures) Proceeds from sale of investment property Decrease/ (increase) in deposits with banks Interest received Dividends received Net cash inflow/(outflow) from investing activities

Cash flows from financing activities Proceeds from long term borrowings Repayments of long term borrowings Increase/(decrease) in short term borrowings Interest paid (other than on lease liabilities) Payment of lease liabilities (interest portion) Payment of lease liabilities (principal portion) Acquisition of non-controlling interests Dividend paid Net cash inflow/(outflow) from financing activities

in cash and cash equivalents

Net increase/(decrease) Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the acquisition date of subsidiary Cash and cash equivalents at the end of the period

6 Months ended

Year ended 30/Sep/2025 30/Sep/2024 31jMar/2025 (Unaudited) (Unaudited)

(Audited)

31.95

11.50

324.23

0.07 71.50 (2.36) 0.02 - (0.31) 1.39 (5.48) (0.51) (1.84) 0.31 - (10.28) (0.08) 59.65

1725.76 (61.71) 0.98 9.00 (324.02) (11.29) 28.25 (5.59)

1505.41

(20.05) 1485.36

(114.98) 0.77 1.09 - 0.02 0.22 (4.22) 9.01 0.08 (108.01)

62.40 (61.09) (1217.71) (59.32) (0.66) (2.88) - (54.72) (1333.98)

43.37 46.08 - 89.45

0.05 61.03 1.51 - 3.39 (0.95) 0.13 (2.33) - (0.17) 0.64 (0.03) (11.50) (0.06) 42.79

1502.52 (1.61) (4.66) (31.90) (270.63) 15.54 10.22 2.97 1328.45 (41.99) 1286.46

(155.89) 1.17 - (44.84) 0.03 0.42 (0.89) 10.38 0.06 (189.56)

42.99 (82.29) (882.33) (43.10) (0.49) (3.05) - (27.36) (995.63)

101.27 76.40 4.62 182.29

(0.09) 126.16 (5.59) 0.27 0.29 (1.18) 0.35 (1.57) (1.39) 0.44 3.38 (0.28) (24.42) (0.06) 83.45

(289.72) (159.90) 2.07 (51.45) (65.42) 4.25 17.77 14.71 (23.70) (82.66) (106.36)

(299.57) 1.74 1.05 (44.84) 0.47 1.90 (8.51) 24.32 0.06 (323.38)

231.11 (135.71) 416.04 (82.36) (0.99) (5.92) (0.00) (27.37) 394.80

(34.94) 76.40 4.62 46.08

TRIVENI ENGINEERING & INDUSTRIES LIMITED

Notes to the Consolidated Unaudited Financial Results for the Quarter and Half Year ended September 30,2025

2. In view of the seasonality of the Sugar Business, the performance results may vary from quarter to quarter.

3. The Company had during the previous year acquired majority equity stake of Sir Shadi Lal Enterprises Limited ('SSEL') thereby SSEL became a subsidiary of the Company w.e.f. June 20, 2024. The financial results of the previous period(s) include the results of SSEL for the period starting from June 21, 2024 (i.e., for the period post becoming a subsidiary of the Company) and resultantly, the figures for the half year ended September 30, 2025 are not comparable with half year ended September 30, 2024.

4. The Board of the Directors of the Company, at its meeting held on December 10, 2024, approved a Composite Scheme of Arrangement amongst Triveni Engineering & Industries Limited ('TEIL/ the Company'), Sir Shadi Lal Enterprises Limited ('SSEL') and Triveni Power Transmission Limited ('TPTL') and their respective shareholders and their respective creditors under Section 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013 read with the rules made thereunder (the "Scheme") for amalgamation of SSEL into TElL and de merger of Power Transmission Business of TElL into TPTL. During the quarter under review, the Company has received 'no adverse observations' and 'no objection' from BSE Limited and National Stock Exchange of India Limited respectively. The Scheme is subject to receipt of requisite approvals from the Hon'ble National Company Law Tribunal, Allahabad Bench, concerned statutory and regulatory authorities as well as the approval from the shareholders and creditors of the Company at their respective meetings scheduled to be held on December 7, 2025.

5. Pursuant to Notification dated October 17, 2025 of the Uttar Pradesh Electricity Regulatory Commission (Captive and Renewable Energy Plants) Regulations, 2024, applicable power tariff has been revised with effect from April 1, 2024 for a period of 5 years. Accordingly, differential revenue due to revision of tariff has been accounted for in the above financial results and consequently, revenue from operations for the current quarter has increased by ~ 16.81 crores (comprising ~ 14.38 crores and ~ 2.43 crores pertaining to the financial year 2024-25 and quarter ended June 30, 2025 respectively).

6. As recommended by the Board of Directors, the shareholders at their annual general meeting held on September 8, 2025 approved a final dividend of 250% (i.e. ~ 2.50 per equity share of the face value of 1 each) aggregating to ~ 54.72 crores for the financial year ended March 31,2025, and the same has been paid to all the eligible shareholders within the prescribed time.

7. Subsequent to the quarter, Triveni Power Transmission Limited ('TPTL'), a wholly owned subsidiary of the Company, invested CHF 20,000 (Twenty thousand Swiss Francs) in the share capital of Triveni Power Transmission GmbH ('TPTGmbH), a limited liability company incorporated and existing under the laws of Switzerland, by acquiring 200 ordinary shares, with a nominal value of CHF 100 (One hundred Swiss Francs), at its fair value of CHF 100 per ordinary share. With this acquisition, TPTGmbH has become a wholly-owned subsidiary of TPTL and a step-down subsidiary of the Company.

8. The standalone unaudited financial results of the Company are available on the Company's website Summarised

and NSE (www.nseindia.com).

(www.trivenigroup.com), website of BSE (www.bseindia.com) standalone financial performance of the Company is as under:

3 Months ended

6 Months ended

Year ended

(~ in crores)

Particulars

Income from operations Profit/ (loss) before tax (after exceptional items) Profitj (loss) after tax (after exceptional items) Total comprehensive income

301J unej2025 30jSepj2024 30jSepj2025 30jSepj2024 31jMarj2025

30jSepj2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) 1728.48

(Audited) 6655.40

1881.70

3812.46

3262.11

1930.76

42.99

31.88

30.79

0.63

0.46

0.79

(19.09)

43.62

22.51

337.64

(14.18)

32.34

16.69

248.42

(14.32)

31.58

11.89

242.57

9. The figures of the previous period under various heads have been regrouped to the extent necessary.

10. The above unaudited consolidated financial results of the Company for the quarter and half year ended September 30, 2025 have been reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on November 5, 2025 and November 6, 2025. The Statutory Auditors have carried out a limited review of the above financial results.

For Triveni Engineering & Industries Limited

Place: Noida Date : November 6, 2025

Dhruv M. Sawhney Chairman & Managing Director

TRIVENI ENGINEERING & INDUSTRIES LIMITED Regd. Office: A-44, Hosiery Complex, Phase-II Extension, Noida, Uttar Pradesh - 201305 Corp. Office: 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, Uttar Pradesh - 201301 Website: www.trivenigroup.com CIN : L15421UP1932PLC022174

Statement of Consolidated Unaudited Financial Results for the Quarter and Half Year ended September 30, 2025

Particulars

Total Income from operations

Net Profit/ (loss) for the period (before tax and exceptional items) Net Profit/ (loss) for the period before tax (after exceptional items) Net Profit/ (loss) for the period after tax (after exceptional items) Total comprehensive income for the period [Comprising Profit/ (loss) for the period (after tax) and other comprehensive income (after tax)]

Equity share capital Other equity Earnings per share of ~ 1/ - each (not annualised) (a) Basic (in ~) (b) Diluted (in ~)

(~ in crores, except per share data)

3 Months ended

6 Months ended

30/Sep/2025 (Unaudited) 2014.46

30/Sep/2024 (Unaudited)

1748.33

30/Sep/2025 (Unaudited) 3968.92

30/Sep/2024 (Unaudited) 3282.36

Year ended 31/Mar/2025 (Audited)

6807.94

29.09 29.09 21.38

20.67

21.89

1.18 1.18

(30.26) (30.26) (22.42)

(22.48)

21.89

31.95 31.95 23.48

23.32

21.89

11.50 11.50 8.57

3.85

21.89

324.23 324.23 238.26

231.62

21.89 3089.28

(1.02) (1.02)

1.38 1.38

0.39 0.39

10.88 10.88

Notes: 1. Summarised Standalone Unaudited Financial Performance of the Company is as under:

Particulars

Total Income from operations Profit/ (loss) before tax (after exceptional items) Profit! (loss) after tax (after exceptional items) Total comprehensive income

3 Months ended

6 Months ended

30/Sep/2025 (Unaudited) 1930.76 42.99 31.88 30.79

30/Sep/2024 (Unaudited)

30/Sep/2025 (Unaudited)

30/Sep/2024 (Unaudited)

1728.48 (19.09) (14.18) (14.32)

3812.46 43.62 32.34 31.58

3262.11 22.51 16.69 11.89

(~ in crores)

Year ended 31/Mar/2025 (Audited)

6655.40 337.64 248.42 242.57

2. The financial results of the previous period(s) include the results of Sir Shadi Lal Enterprises Limited for the period starting from June 21, 2024 (i.e., for the

period post becoming a subsidiary of the Company) and resultantly, the figures for the current period(s) are not comparable with previous period(s).

3. The Board of the Directors of the Company, at its meeting held on December 10, 2024, approved a Composite Scheme of Arrangement amongst Triveni Engineering & Industries Limited (,TElL/the Company'), Sir Shadi Lal Enterprises Limited ('SSEL') and Triveni Power Transmission Limited ('TPTL') and their respective shareholders and their respective creditors under Section 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013 read with the rules made thereunder (the "Scheme") for amalgamation of SSEL into TElL and de merger of Power Transmission Business of TElL into TPTL. During the quarter under review, the Company has received 'no adverse observations' and 'no objection' from BSE Limited and National Stock Exchange of India Limited respectively. The Scheme is subject to receipt of requisite approvals from the Hon'ble National Company Law Tribunal, Allahabad Bench, concerned statutory and regulatory authorities as well as the approval from the shareholders and creditors of the Company at their respective meetings scheduled to be held on December 7, 2025.

4. The above is an extract of the detailed format of financial results for the quarter and half year ended September 30, 2025 filed with the Stock Exchanges under Regulation 33 of the SEBI (LODR) Regulations, 2015. The full format of the financial results for the quarter and half year ended September 30, 2025 are available on the websites of Stock Exchange(s) (www.bseindia.com and www.nseindia.com) and on the website of Company (www.trivenigroup.com).

Place: Noida Date : November 6,2025

For Triveni Engineering & Industries Limited

Dhruv M. Sawhney Chairman & Managing Director

INVESTOR PRESENTATION Q2 FY 26 Nov 2025

CONTENTS

COMPANY OVERVIEW

RESTRUCTURING

OUR FINANCIAL HIGHLIGHTS

OUR BUSINESSES

SHAREHOLDING PATTERN

TRIVENI AT A GLANCE

LOCATIONS* 23 world-class facilities including: 8 Sugar plants 5 Distillery facilities at four locations #

~ ₹ 8,308 Crore Market Capitalization

39.02% Free Float

70,500 Tonnes per day Sugarcane crushing capacity*

860 KLPD Kilo Liter Per Day (KLPD) Alcohol/Distillery capacity#

104.5 Mega Watt Power Co-generation

>12,500+ PTB installations across the world

>12,200+ MLD Water & Wastewater treated through Triveni projects

Note: Market Capitalization and Free Float as on June 30, 2025 for Triveni Engineering & Industries Ltd. (TEIL) * Including Sir Shadi Lal Enterprises Ltd. (SSEL) which is a subsidiary of TEIL # Not including SSEL’s distillery of 100 KLPD

OUR STRENGTHS

Strong Leadership & Governance

Market Leadership

Financial Strength & Resilience

Stakeholder Trust & Ecosystem Integration

Strategic Tailwinds & Growth Drivers

•

Experienced management team with a proven track record of value creation across diverse sectors.

Robust corporate governance with a majority- independent board comprising members with diverse and distinguished backgrounds.

•

Among the leading players in the India’s sugar industry with best- in-class infrastructure and forward integration into distilleries.

• Dominant position in

high-speed gearboxes domestically and expanding international footprint.

• Operating in industries

with high entry barriers and long gestation periods, ensuring sustainable competitive advantage.

•

Significantly strengthened balance sheet over the past five years, enhancing the Company’s risk- return profile.

• Demonstrated ability to incubate and scale businesses, reflecting strategic foresight and execution capability.

• Deep-rooted relationships with

external stakeholders, including suppliers, customers, and regulatory bodies, fostering long-term stability and growth.

• Well-positioned to benefit from rising rural prosperity and increasing Government focus on agriculture and rural development.

•

Import substitution opportunities in both ethanol (biofuel) and engineering segments, aligning with national priorities.

OUR BUSINESS-WISE OUTLOOK

SUGAR

• Overall Sugarcane crop position seems healthy for the upcoming Sugar Season (SS) 2025-26. • Our field surveys indicate a healthy crop with minimal pest or disease incidence to date. •

These positive developments, coupled with our continued efforts in varietal substitution, enhancement of agronomic practices, proactive crop protection measures, improved plant efficiencies, and stronger sales realizations, position us well for improved operating performance in SS 2025-26. The cane prices for the SS 2025-26 have been recently announced, and these have increased by Rs 300/MT. We would strive and look forward to increased recoveries and other efficiencies to contain our costs. Besides, firm sugar prices are imperative to meet the increased costs and maintain our profitability, and we would expect Government to increase the MSP of sugar, which is long outstanding demand of the industry.

•

ALCOHOL

•

• •

Focus on profitability enhancement in Alcohol segment supported by correction in input costs, particularly maize, supply chain enhancements and optimized costs Formation of an inter-ministerial group to work on roadmap beyond EBP-20, showcases Government’s continued commitment towards ethanol and hopeful that feedstock and profitability challenges will be addressed. In IMIL, continue to enhance market position and focus on improving profitability through combination of topline growth and enhancing contribution margins. In IMFL, focus is to strengthen distribution channels to enhance market presence and accessibility.

Actively participated in the latest EOI floated by Public sector OMC’s. In addition to this, also secured allocation

by private OMC’s.

OUR BUSINESS-WISE OUTLOOK

POWER TRANSMISSION

• Outlook for the domestic product segment within high speed gears is promising with robust industrial capex

and economic growth

• While the order booking had been subdued during the quarter, we have witnessed significant improvement in

enquiry levels, indicating a pick up in demand momentum going forward

• During the quarter we participated in some of the well-known exhibitions like TPS Houston and ROTIC Dubai. Through these initiatives, we demonstrated our products and execution capabilities and facilitated interaction with some of the marquee clients. Traction in Defence business gaining momentum as large orders nearing decision, positive developments across multiple product lines with orders received in last few months

•

WATER

•

Supported by funding from Central & State governments including from external sources, new opportunities are emerging in recycle, reuse and Zero Liquid Discharge kind of business on EPC as well as PPP model and wherever industries are available as off-takers for buying treated sewage, this model is expected to emerge significantly predominantly in thermal power sector. The Company is also evaluating select international opportunities in Water & Wastewater treatment projects mostly wherever it possesses pre-qualifications preferably on its own and funding is assured through multilateral and reputed agencies, etc.

ENVIRONTMENT, SOCIAL, GOVERNANCE (ESG) GUIDING PRINCIPLES

Highest level of ethical and corporate governance standards, with stringent compliances

Best-in-class sustainable processes and solutions across our operations and units

Allocation of capital with focus on reducing carbon footprint and promoting energy efficiency

Maintaining ecological balance while ensuring business excellence

Harnessing co-products to become raw materials for other products, thus promoting circular economy

Fostering community development and social empowerment

RESTRUCTURING

CORPORATE STRUCTURE SIMPLIFICATION UNDERWAY

(TEIL/Amalgamated On 10 December 2024, the Board of Directors of Triveni Engineering & Company/Demerged Company), Sir Shadi Lal Enterprises Limited (SSEL/Amalgamating Company) and Triveni Power Transmission Ltd. (TPTL/ Resulting Company) have approved a Composite Scheme of Arrangement (Scheme).

Industries Limited

Amalgamation of Sir Shadi Lal Enterprises Limited (SSEL) with Triveni Engineering & Industries Limited (TEIL). SSEL is a subsidiary of TEIL, in which TEIL holds a 61.77% stake presently.

Transfer and vesting of PTB Undertaking (as defined in the Scheme) of TEIL to Triveni Power Transmission Limited (TPTL). TPTL is a wholly- owned subsidiary of TEIL presently.

Note: Please see Annexures for more details

EXISTING AND RESULTANT STRUCTURE OF ENTITIES: TEIL and SSEL

Before Amalgamation of SSEL with TEIL

After Amalgamation of SSEL with TEIL

39.02%

60.98%

38.23%

39.42%

61.77%

60.58%

Promoters

Public

TEIL (Promoter)

Public

Promoters

Public

~21.89 cr shares of INR 1 each

~52.5 lakh shares of INR 10 each

~22.04 cr shares of INR 1 each

• •

Shareholding held by TEIL in SSEL (i.e. SSEL Promoter Shareholding) shall get cancelled pursuant to the Scheme SSEL shall stand dissolved without following the procedure of winding up, upon the Scheme becoming effective

EXISTING AND RESULTANT STRUCTURE OF ENTITIES: TEIL and TPTL

After Amalgamation of SSEL with TEIL and before PTB Demerger

After PTB Demerger

39.42%

60.58%

39.42%

27.64%

42.48%

100.00%

60.58%

29.88%

72.36% Total Promote r Holding

Promoters Public

TEIL (Promoter)

Promoters Public

Existing Promoters of TEIL (Promoter) TEIL (Promoter) Public

~22.04 cr shares of INR 1 each

~3.13 cr shares of INR 2 each

~22.04 cr shares of INR 1 each

~10.48 cr shares of INR 2 each

RATIONALE FOR DEMERGER OF POWER TRANSMISSION BUSINESS & RATIO OF ISSUE OF EQUITY SHARES BY TPTL

Sharpened focus

The transfer of the PTB Undertaking (as defined in the Scheme) into TPTL will enable each business to sharpen its focus and organize its activities and resources to improve its offerings to their respective customers. This would help to improve its competitiveness, operational efficiency, agility and strengthen its position in relevant markets resulting in more sustainable growth and competitive advantage

Competitive position and market penetration

PTB has attained a significant size, scale and has a large headroom for growth in its market. As PTB is entering the next phase of growth, the transfer and vesting of the PTB Undertaking into the Resulting Company pursuant to this Scheme would result in focused management attention and efficient administration to maximize its potential

Value unlocking

Further, as PTB has separate growth trajectories, risk profile and capital requirement, the segregation of the PTB Undertaking and the Residual Business will enable independent value discovery and lead to unlocking of value for each business

TPTL will issue 1 equity share of face value INR 2 each to shareholders of TEIL for every 3 equity shares of face value INR 1 each held in TEIL, provided that the Existing Equity Shares held by TEIL shall continue to be held by TEIL in TPTL.

OUR FINANCIAL HIGHLIGHTS

OUR LONG-TERM HIGHLIGHTS

Well Diversified and Growing Revenues FY 20-25 Gross Revenue CAGR 8.9%

• • Rising revenue contribution from

non-sugar business from 21% to 38% during FY 2020-25

Key Business Highlights

•

Judicious investment in Sugar facilities to enhance sugarcane crush rate, sugar quality and efficiencies. Enhanced Alcohol distillation capacities over the years in alignment with Government’s Ethanol Blended Petrol Program Power Transmission Business continues its long term growth journey with FY 25 as another record year in terms of revenues, profits and order booking

$ Placed on ratings watch with developing implications on December 19, 2024.

Strong balance sheet position

• Improved leverage and cost of funds

over the period

• ICRA Long Term Credit Rating of AA+ $

Consistent focus on returns

• Long history of returning cash through

combination of dividend and buybacks including record buyback of ₹ 800 crore in FY 23 and sustained dividends over the years

Focused on Value Creation

• Restructuring aimed at corporate structure simplification and value creation

• Divested 21.85% stake in Triveni Turbine

Limited to monetize non-core assets and unbundle businesses in Sep 2022

• Announced Amalgamation of SSEL and

Demerger of PTB in Dec 2024

ROBUST FINANCIAL PERFORMANCE

Revenue from Operations (Gross)*

Profit Before Interest and Tax (PBIT)

₹ Crore

6310

6151

6808

4437

4703

4694

576

603

584

505

510

408

FY 20 FY 21 FY 22 FY 23 FY 24 FY 25

FY 20

FY 21

FY 22

FY 23

FY 24

FY 25

Robust revenue growth of 8.9% p.a. during FY 2020-2025 with increasing contribution from non-sugar businesses

Note: * Revenue from Operations (Gross) include Excise duty of ₹ 1118.7 crore in FY 25, ₹ 931.31 crore in FY 24, ₹ 693.26 crore in FY 23, ₹ 403.10 crore in FY 22 and ₹ 29.18 crore in FY 21 on account of IMIL sales # Percentages calculated on Net Revenue from Operations excluding aforesaid excise duty. Intersegmental revenue adjusted from Sugar as these are largely due to sale of sugar by-products

STRONG BALANCE SHEET POSITION

Total Consolidated Debt (₹ Crore)

Total Consolidated Debt To Equity (x times)

1558

994

1568

1411

914

1969

1.16

0.64

0.82

0.35

0.49

0.63

FY 20

FY 21

FY 22

FY 23

FY 24

FY 25

FY 20

FY 21

FY 22

FY 23

FY 24

FY 25

Average Cost of Debt (Standalone)

Long-term credit rating

6.3%

6.1%

5.0%

5.1%

6.5%

6.9%

ICRA AA- (Stable)

ICRA AA (Stable)

ICRA AA (Stable)*

ICRA AA+ (Stable)*

ICRA AA+ 3

FY 20

FY 21

FY 22

FY 23

FY 24

FY 25

FY 20

FY 21

FY 22

FY 23

FY 24

FY 25

Note: *Upgraded to ICRA AA- (Positive) on April 6, 2021 and further upgraded to ICRA AA (Stable) on November 23, 2021. Reaffirmed on March 24, 2023. Upgraded to ICRA AA+ (Stable) on March 27, 2024. $ Placed on ratings watch with developing implications on December 19, 2024.

CREATING SHAREHOLDER VALUE

Cash Generation during FY 20-25 ₹ 4,202 crore

Dividends & Buybacks (incl. taxes) ₹ 1,574 crore (37% of cash generation)

Funds Retained for Working Capital ₹ 1,452 crore (35% of cash generation)

Capital Expenditure* ₹ 1,176 crore (28% of cash generation)

Healthy mix of investments in business for future growth and returns to shareholders

Note: Based on Standalone Statement of Cash Flows from FY 20 to FY 25 *Capital Expenditure: Purchase of property, plant and equipment and intangible assets, net of term loans availed/paid

ENHANCING SHAREHOLDER RETURNS THROUGH COMBINATION OF BUYBACKS & DIVIDENDS

Buyback of Shares (₹ Crore)

Dividend (₹ Crore)

Dividend Payout Ratio (%)

800

100

12%

27.3

42.3

125.9

78.6

71.1

54.7

15%

10%

21%

17% 20% 22%

FY 20 FY 21 FY 22 FY 23 FY 24 FY 25

FY 20 FY 21 FY 23

FY 20 FY 21 FY 22 FY 23 FY 24 FY 25

Interim + Final

Special

Past history of returning cash through combination of dividend and buybacks

• • Concluded record buyback of ₹ 800 crore in FY 23 • Dividend of ₹ 2.50 per equity share for FY 25 • Dividend Policy: Payout ratio of the dividend is in the range of 15-25% of the normal business income after deduction of

tax

Note: The Company completed buyback of ₹ 100 crore, ₹ 65 crore and ₹ 800 crore in August 2019, August 2020 and February 2023 respectively. Buybacks under FY 20 and FY 21 were announced in preceding year. Dividend and buyback amounts are excluding taxes FY 24 Dividend payout ratio of 12% represents special dividend of ₹ 2.25 per equity share FY 25 Dividend is subject to approval from shareholders

CONSOLIDATED FINANCIAL HIGHLIGHTS Q2 FY 26

Revenue from Operations (Gross)

Revenue from Operations (Net of excise duty)

EBITDA

EBITDA Margin

Profit Before Tax (PBT)

Profit After Tax (PAT)

EPS (not annualised) (₹/share)

Q2 FY 26

Q2 FY 25

Change %

2,014.5

1,706.2

86.7

5.1%

29.1

21.4

1.18

1,748.3

1,491.0

18.3

1.2%

-30.3

-22.4

-1.02

15.2

14.4

373.2

H1 FY26

3,968.9

3,304.4

163.2

4.9%

32.0

23.5

1.38

₹ Crore

H1FY25

3,282.4

2,791.6

115.4

4.1%

11.5

8.6

0.39

• Net turnover (Net of excise duty) for H1 FY 26 increased by 18%, supported by 21% increase in sugar and Allied businesses and 8% increase in engineering businesses. For Q2 FY26, Net turnover increased by 14%, supported by healthy double digit growth across both businesses.

•

Sugar Business Highlights:

• Net turnover increased by 18% in Q2 FY26 and by 21% in H1 FY 26 , supported by 14% increase in consolidated Sugar dispatches as well as

•

improved sugar realisations and 19% increase in sales volume of alcohol. Significant improvement in segment profitability. Higher sales volume and correction in maize prices resulted in much improved results for the distillery operations.

•

Engineering Business Highlights:

•

Power Transmission Business (PTB) reported marginal increase in revenue and profitability. We have witnessed significant improvement in enquiry levels, indicating a pick up in demand momentum going forward. The order booking of Water Business has not been as per the expectations, but we expect some traction in the subsequent quarters.

OUR BUSINESSES

SUGAR

OUR SUGAR BUSINESS PROFILE Strategic Manufacturing Presence

CENTRAL UP

1. Rani Nangal (Sulphitation)#

2. Milak Narayanpur (Refined)

3. Chandanpur (Sulphitation)*#

EASTERN UP

1. Ramkola (Sulphitation)

WESTERN UP

1. Deoband (Refined Sugar)

2. Khatauli (Refined Sugar)*

3. Sabitgarh (Refined, Pharmaceutical Sugar)

4. Shamli (SSEL) (Sulphitation)

* Bonsucro Certified # Largely selling to institutional clients

WE MANUFACTURE

Refined sugar for high-grade end users

Various grades of pharmaceutical sugar, which can be customised as per user requirements

White crystal sugar

OUR USPs

Strategic Location

Strong Sugar Recoveries

Product Mix and Price Benefit

Prestigious Customer base

360K+ farmer relationships

SUGAR BUSINESS PERFORMANCE OVER THE YEARS

Area under Sugarcane (Lakh Hectares)

Sugarcane Crushed (LQ)

7 5 1

6 1 - 5 1 0 2

7 6 1

7 1 - 6 1 0 2

3 8 1

8 1 - 7 1 0 2

4 9 1

2 9 1

6 9 1

8 9 1

4 0 2

6 0 2

4 1 2

- 9 1 0 2

0 2

9 1 - 8 1 0 2

1 2 - 0 2 0 2

2 2 - 1 2 0 2

- 2 2 0 2

3 2

- 3 2 0 2

4 2

- 4 2 0 2

5 2

7 3 8 0 4 6

7 1 - 6 1 0 2

8 1 - 7 1 0 2

8 9 7

9 1 - 8 1 0 2

2 5 4

6 1 - 5 1 0 2

4 7 8

4 5 8

1 4 8

2 3 9

5 0 9

5 2 8

- 9 1 0 2

0 2

1 2 - 0 2 0 2

2 2 - 1 2 0 2

- 2 2 0 2

3 2

- 3 2 0 2

4 2

- 4 2 0 2

5 2

Sugar Produced (Lakh Quintals)

Gross Recovery (%)

1 7

7 1 - 6 1 0 2

9 4

6 1 - 5 1 0 2

5 9

4 9

1 0 1

4 9

5 9 9 8

9 8

2 9

8 1 - 7 1 0 2

9 1 - 8 1 0 2

0 2 - 9 1 0 2

1 2 - 0 2 0 2

2 2 - 1 2 0 2

3 2 - 2 2 0 2

4 2 - 3 2 0 2

5 2 - 4 2 0 2

0 8 0 1

6 1 - 5 1 0 2

6 0 1 1

7 1 - 6 1 0 2

8 3 1 1

8 1 - 7 1 0 2

9 7 1 1

9 1 - 8 1 0 2

7 9 1 1

0 2 - 9 1 0 2

6 8 1 1

1 2 - 0 2 0 2

0 7 1 1

2 2 - 1 2 0 2

7 4 1 1

3 2 - 2 2 0 2

9 4 1 1

4 2 - 3 2 0 2

0 8 0 1

5 2 - 4 2 0 2

Note: Data for Sugar Seasons; Gross recoveries (after adjustment on account of B-heavy molasses and syrup diversion) SS 2024-25 depicted for Triveni on consolidated basis i.e. including SSEL Recent crush and recoveries impacted by climatic factors across the state of UP

SUGAR REALISATIONS SET TO STRENGTHEN

Triveni Sugar Realization (Domestic) (Rs./Qtl)

4,200

4,100

4,000

3,879

3,800

3,717

3,600

3,523

4,089

3,956

3,685

3,570

4,008 3,917

3,696

3,526

4,014

3,840

4,102

3,931

4,118

3,851 3,851

3,713

3,737

3,593

3,732

3,505

3,986 3,934

4,062

3,912

3,761

3,615

3,932

3,816

3,653

3,989

3,872

4,088

4,098

3,855

3,400

3,200

3,000

3,394

3,340

3,307

3,276

3,478

3,568

3,620

3,639

3,521

3,511

3,517

3,527

3,539

3,488

3,513

3,224

3,168

3,289

3,339

3,333

3,327

3,274

3,311

3,263

3,257

3,267

3,203

April

May

June

July

August

September October November December

January

February

March

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

FY 2026

• Over the years sugar realisations have moved up significantly •

Sugar realisations have also been supported by an increasing share of refined sugar in institutional supplies, along with a higher proportion of pharma-grade sugar

Sugar Industry: Structural Shift Driving Margin Stability

We believe Sugar Industry has undergone significant changes in last few years, which has in turn significantly reduced the cyclical nature of the industry

s e r u s a e M y c i l

o P y e K

Fair and Remunerative Price (FRP) of sugarcane

Minimum Selling Price (MSP) of sugar to prevent fall in ex-mill sugar prices

Diversion of surplus sugar to production of ethanol

Progressive export policies

Focus on Sugarcane seed development leading to emergence of better varieties

Resulting in an improved and stable margin profile

Sugar Segment Average EBIT Margin

Max: 14.3% Min: 2.8%

7.9%

Max 11.1% Min:6.7%

8.4%

Max: 3.3% Min:-5.6%

-0.7%

FY11-15

FY16-20

FY21-25

A combination of supportive policy reforms and strategic diversification into ethanol has transformed the sugar industry from a cyclical to a structurally stable sector

SUGAR: VOLUMES AND REALISATIONS DRIVE TOPLINE GROWTH

Sugar Dispatches (Tonnes)

Average Realisation (₹/MT)

+14.1% (Total)

+5.1%

+4.3%

+14.6% (Total)

468234

534421

241048

276225

468234

534421

38620

40583

38821

40505

Q2 FY 25

Q2 FY 26

H1 FY 25

H1 FY 26

Q2 FY 25

Q2 FY 26

H1 FY 25

H1 FY 26

Domestic Exports Total

•

Excluding the SSEL, volume dispatches improved by 7.6% in Q2 FY26, compared to same quarter last year

Sugar realisations improved 5.1% y-o-y to ₹ 40,583/tonne in Q2 FY 26

Note: Consolidated include SSEL for the period from June 21, 2024 i.e. for the period post becoming a subsidiary of the Company and resultantly, the figures for the current periods are not comparable with previous periods

SUGAR: PROFITABILITY IMPACTED BY HIGHER COSTS

REVENUE

+21.7%

+26.6%

959.3

1,214.6

2,384.1

1,958.8

-35.4

₹ Crore

PBIT

+65.0%

-12.4

1.1

-4.8

Q2 FY 25 Q2 FY 26

H1 FY 25 H2 FY 25

Q2 FY 25 Q2 FY 26

H1 FY 25

H1 FY 26

•

Substantial period of H1 FY26 and the entire Q2 FY 26 represent off-season period, and no manufacturing operations take place during this period. All expenses relating to such period have been expensed out.

The sugar inventory as on September 30, 2025 was 16.9 lakh quintals (including sugar inventory of 1.5 lakh quintals pertaining to SSEL), which is valued at ₹ 37.4/kg.

INDIA SUGAR BALANCE SHEET: COMFORTABLE CLOSING STOCKS OF 5.8 MILLION TONNES FOR SS 2024-25

in million tonnes

+2.0*

+3.5*

+3.2*

31.9

31.8

26.0

29.0

27.6

28.0

8.4

6.0

5.6

Opening Stock as on 1st Oct

Production

Internal Consumption

0.1

0.8

2.0

Exports

8.4

7.7

6.0

Closing Stock as on 30th Sep

2023-24

2024-25e

2025-26e

•

SS 2025-26e: Market projected to be surplus (net 1.75 MMT), based on 35 MMT gross production, 3.25 MMT ethanol diversion (juice/B-heavy), and 2 MMT exports

Note: Opening stock for SS 2022-23 revised as per GOI numbers *Sugar diversion to ethanol production in million tonnes

SUGARCANE DEVELOPMENT PROGRAMME – KEY HIGHLIGHTS

A Structured Varietal Substitution Programme for the mutual benefit of the Company and the farmers

Active engagement with farmers through model demonstration (demo) plots

Crop Protection from different Pests & Diseases using a structured surveillance programme

Various digital initiatives towards sugarcane development programme

Significant focus on Yield improvement through various agronomic interventions

Soil Health Improvement for application of balanced dosage of fertilizers & nutrients as per soil analysis reports and recommendations

Farm implements and mechanization for enhancing inter-cultural operations, etc.

ALCOHOL

OUR ALCOHOL BUSINESS PROFILE Strategic Manufacturing Presence

WESTERN UP

1. Muzaffarnagar 2 Facilities: Molasses 200 KLPD and Grain 60 KLPD

2. Sabitgarh Facility: Molasses 200 KLPD

CENTRAL UP

1. Rani Nangal Facility: Multi-feed 200 KLPD

Bio-ethanol

WE PRODUCE

2. Milak Narayanpur Facility: Multi- feed 200 KLPD

Extra Neutral Alcohol (ENA), Rectified Spirit (RS) and Denatured Spirit (SDS)

Co-products such as DDGS, Potash-rich ash, CO2,

OUR STRENGTHS

Integrated Operations

Flexibility of feedstock

High Operational Efficiencies

Modern & Efficient Technology

Focus on Environment, Health and Safety

High-quality by-products

Note: Not including SSEL’s distillery of 100 KLPD as it has not operated in the SS 2024-25 in view of extensive repairs

ALCOHOL BUSINESS PERFORMANCE OVER THE YEARS

Alcohol Production (in KL)

Alcohol Sales (in KL)

6 2 8 3 9

0 2 Y F

7 2 0 7 0 1

1 2 Y F

4 0 6 7 0 1

2 2 Y F

4 9 1 1 8 1

3 2 Y F

1 5 3 4 8 1

4 2 Y F

3 8 0 0 0 2

5 2 Y F

6 6 5 4 8

0 2 Y F

7 3 6 3 0 1

1 2 Y F

7 3 8 7 1 1

2 2 Y F

3 2 4 0 8 1

3 2 Y F

7 0 7 2 8 1

4 2 Y F

8 6 5 1 0 2

5 2 Y F

Average Realisation (₹/ ltr)

IMIL Sales (Lakh Cases)

46.1

48.9

54.1

57.3

59.0

62.6

0 2 Y F

1 2 Y F

2 2 Y F

3 2 Y F

4 2 Y F

5 2 Y F

33.4

3 2 Y F

17.8

2 2 Y F

55.7

44.7

4 2 Y F

5 2 Y F

•

Enhanced alcohol distillation capacity over the years in alignment with Ethanol Blended Petrol (EBP) Programme

AMONG TOP 5 PLAYERS IN UP IN INDIAN MADE INDIAN LIQUOR BUSINESS

• We produce premium-quality molasses-based IMIL (Indian Made Indian Liquor) and grain-based

UPML (UP Made Liquor), catering to the Uttar Pradesh market through an extensive distributor and retail network.

• Following capex announcements in FY 25, enhanced our capacity to produce 7.5 lac cases per

month/ 90 lac cases per annum.

•

In a short duration of 4 years, the Company has garnered a healthy market share in UP. It is also the fastest-growing IMIL liquor Company in UP with CAGR of more than 30% and among the top 5 players in the industry, committed to quality, innovation, and market leadership.

INDIAN MADE FOREIGN LIQUOR WINS MULTIPLE AWARDS IN 1st YEAR OF LAUNCH

MATSYA AWARDS

Spiritz Achievers Awards 2024

INDSPIRIT 2025

World Whiskies Award Design

THE CRAFTER STAMP

Spiritz Achievers Awards 2024

World Whiskies Award Design

ALCOHOL: INCREASED VOLUMES DRIVEN BY CAPACITY ADDITION

Alcohol Production (KL)

Alcohol Sales (KL)

Avg. Realisation (₹/litre)

+32.6%

+19.2%

-1.2%

-2.2%

+51.8%

-5.6%

1 5 5 9 5

8 3 2 9 3

0 1 5 4 2 1

9 5 8 3 9

1 8 1 6 5

4 2 0 3 5

7 0 8 6 9

8 5 3 5 1 1

64.1

63.3

62.6

61.2

Q2 FY 25Q2 FY 26

H1 FY 25 H1 FY 26

Q2 FY 25Q2 FY 26

H1 FY 25 H1 FY 26

Q2 FY 25 Q2 FY 26

H1 FY 25 H1 FY 26

•

Sales volume for the quarter was down 6% YoY, impacted by supply disruption due to export fee notification.

• Average realization price during Q2 FY 26 is lower due to increase in the share of ethanol produced from sugarcane

based feedstock and FCI Rice.

Note: The above include SSEL for the period from June 21, 2024 i.e. for the period post becoming a subsidiary of the Company and resultantly, the figures for the current periods are not comparable with previous periods.

ALCOHOL: PROFITABILITY IMPACTED

NET REVENUE*

+17.7%

825.3

701.1

-3.6%

412.1

397.2

PBIT

₹ Crore

+276.7%

50.3

-5.8

27.7

13.5

Q2 FY 25 Q2 FY 26

H1 FY 25 H1 FY 26

Q2 FY 25 Q2 FY 26

H1 FY 25 H1 FY 26

* Revenue net of excise duty

• Registered significant improvement in the profitability on the back of correction in input prices (particularly maize) and

strong focus on cost optimization.

Note: Consolidated includes SSEL for the period from June 21, 2024 i.e. for the period post becoming a subsidiary of the Company and resultantly, the figures for the current periods are not comparable with previous periods.

EBP PROGRAMME DRIVING ETHANOL DEMAND

Ethanol Supplied (Cr. Litres)

Contracted Quantity for ESY 2024-25 ➔

1,132

1000 900 800 700 600 500 400 300 200 100 0

4.2

151

4.9

10 179

5.0

16 157

2.1

10.0

361

8.1

261

12.1

137

369

19.2

598.2

14.6

402

270

306.7

20.0 18.0 16.0 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22

2022-23

2023-24

2024-25*

Ethanol from Sugarcane-based feedstocks

Ethanol from Grain-based feedstocks

Blending % achieved

For ESY 2025-26 (cycle 1), OMCs have floated bids for 1,048 Cr. Litres. Procurement price of FCI ethanol revised from 58.50/ltr to Rs 60.32/ltr for ESY 2025-26

• • • NITI Aayog coordinating Inter-ministerial group working on roadmap beyond EBP 20 reinforces Government’s commitment

Note: Data pertains to Ethanol Supply Year (ESY) * Till 30 September 2025

POWER TRANSMISSION

DIVERSE PRODUCT & SOLUTIONS PORTFOLIO

OUR GEARS PORTFOLIO

• High power & high speed gears designed for steam turbines, gas turbines, compressors, pumps, blowers,

and other special purpose industry applications

• Niche low speed gearboxes for mini hydel turbines, steel mills, sugar mills, rubber mixers and extruders,

cement mills, thermal plants, plastics etc.

• Marine gearing solutions

• Spares and Aftermarket solutions

• Naval and Defence products

POWER TRANSMISSION BUSINESS HIGHLIGHTS

One of the largest engineered-to- order turbo gear manufacturers in India

Largest domestic market share across OEMs & patronised by global OEMs across application spectrum like STG/GTG/ Compressor / Pumps / Blower / ID-FD Fans

One of the few companies globally catering to AGMA & API standards and supplying gearboxes to hazardous and sub-zero temperatures

Reliable aftermarket services throughout the product life cycle at the lowest cost, thus maximising uptime and performance

Cost and Quality leadership are the major differentiators

Industry leading Product delivery cycle: Ranging from few weeks to 6 months for full gearboxes

Strong focus on value engineering, low cost manufacturing, R&D for new product and expertise in reverse engineering & replacement solutions

Providing critical technology and engineered solutions on multiple fronts to Indian Navy and Indian Defence industry

SERVING A MULTITUDE OF INDUSTRIES

Industries We Serve

Power Generation (IPPs)

Oil & Gas

Refinery & Petrochemicals

Chemical & Fertilisers

Sugar

Cement

Rubber & Plastics

Steel

Marine

Note: Sample list

ENABLING OEMS CONSISTENTLY

>50,000 MW globally installed gears capacity

Steam Turbines

Gas Turbines

Centrifugal Compressors

Reciprocating Compressors

Centrifugal Pumps

Fans and Blowers

Hydel Turbines

OUR POWER TRANSMISSION BUSINESS CLIENTELE

Steam Turbines

Gas Turbines

Compressors

Pumps

Fans and Blowers

Defence

OUR POWER TRANSMISSION BUSINESS CLIENTELE

Other Key Clients

FORAY INTO DEFENCE

OUR DEFENCE PORTFOLIO

OUR DEFENCE ADVANTAGE

• Marine Propulsion Gearboxes and other

critical gearboxes

• Special Application Pumps

• Special Application Motor-driven Pumps

• Gas Turbine Generators for Auxiliary Power

• Complex Turbo-Auxiliaries

• Propulsion System Integration

• Propulsion Shafting for Surface Ships

• Propulsion Shafting for Submarines

• Solutions for Steering Systems / Stabilisers

• Winches and Deck Machinery

• Aero Auxiliary Transmission

R&D expertise on critical turbo products

Stringent adherence to quality standards

Design, engineering & analysis capability

Best-in-class manufacturing infrastructure

Compliance with dynamic defence market demands in india

Technological prowess

Experience in reverse engineering, retrofitting & customisation

Note: Sample list

OUR MARINE PRODUCT PROFILE

Propulsion Shafting System

Engine

Winches and Deck Machinery

Propeller

Gearbox

Gas Turbine Generator

Fin Stabiliser

Steering Gear

Rudder

POWER TRANSMISSION BUSINESS PERFORMANCE OVER THE YEARS

Revenue CAGR of 19% p.a. between FY 20-25

PBIT CAGR of 21% p.a. between FY 20-25

370

292

225

185

154

130

31.5%

31.4%

34.8%

33.9%

36.7%

34.3%

127

107

140.0

120.0

100.0

80.0

60.0

40.0

20.0

₹ crore

40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0%

FY 20

FY 21

FY 22

FY 23

FY 24

FY 25

FY 20

FY 21

FY 22

FY 23

FY 24

FY 25

Profit Before Interest & Tax (PBIT)

PBIT Margin

Order Booking CAGR of 25% p.a. between FY 20-25

475

375

251

264

157

158

FY 20

FY 21

FY 22

FY 23

FY 24

FY 25

POWER TRANSMISSION: IMPACTED BY POSTPONEMENT OF ORDER EXECUTION

₹ Crore

REVENUE

PBIT

-8.2%

50.3

54.8

18.2

-33.8%

12.0

Q1 FY 25

Q1 FY 26

Q1 FY 25

Q1 FY 26

• Revenue growth for the Q1 / H1 impacted by weaker demand momentum in the key segments like STG.

• Despite a tough operating environment and after absorbing incremental costs relating to capacity increase, PBT margins

improved by more than 400bps on the back of favorable product mix and strong focus on cost optimization.

POWER TRANSMISSION: RECORD CLOSING ORDER BOOK

₹ Crore

ORDER BOOKING

CLOSING ORDER BOOK

-18.1%

-39.7%

207

141.5

85.4

169.6

345.0

+15.4%

398.0

Q2 FY 25 Q2 FY 26

H1 FY 25 H1 FY 26

Q2 FY 25

Q2 FY 26

• Order booking has been subdued during the quarter and the half year but based on our visibility and enquiries being

received, we are hopeful of registering double digit growth in order booking, turnover and profitability.

• During the quarter, we continued to focus on building the brand with participation in key exhibitions across the world. • During H1 FY26, we registered nine new customers in the product segment, including some of the marquee industry

names.

POWER TRANSMISSION BUSINESS INITIATIVES

The Power Transmission business is executing capacity additions that would take the Gears capacity (not including Defence) to ₹700 crore by September 2026. The existing capacity is ₹400 crore.

GEARING FOR FUTURE GROWTH

Investments towards new bay (grinder/ hobber/ equipment) for both power transmission & defence products

Expansions include setting up dedicated Aftermarket bay at existing facility

Expansions include setting up a new multi-modal facility, dedicated to Defence products

WATER SOLUTIONS

OUR WATER BUSINESS PROFILE

• A water solutions platform, with capabilities across the water and wastewater treatment value chain – EPC projects,

products, solutions, concessions and O&M

• The division has been operating for 40+ years, with a history of inhouse product development, relationships with key

Indian institutions and global partnerships

Business Highlights

12,000+ MLD Wastewater treated

100+ Projects executed

1,500+ Pan-India Installations

Wastewater Treatment • Municipal sewage • Industrial effluent • Sludge treatment • Biogas handling

Key Offerings

Water Treatment • Municipal water • Sea water •

Industrial process water

• High purity water • Intake works

Water Recycle, ZLD & Desalination

• Municipal sewage

•

recycling Industrial wastewater recycling

• Water desalination

OUR WATER BUSINESS HIGHLIGHTS

• Offers a complete range of water & wastewater treatment solutions to both industrial & municipal segments in EPC and

PPP models

• Undertakes specialized projects across desalination, recycling, ZLD and utility management for water & sewerage

networks

• Recurring revenue streams via long-term O&M contracts

• Key Project Offerings:

• EPC: End to End Turnkey offerings (100+ projects)

• DBO: EPC and operational management (60+ projects)

• PPP: Portfolio of 2 HAM projects operational

• Key Industries: Municipal STP/WTP, Power, Oil & Gas, Chemicals, Textiles, Steel, Non-ferrous and Desalination Industries

• Key Regions: India, SAARC, Middle East, Europe and Africa

•

Inhouse manufacturing capacity in NCR for specific equipment manufacturing

PROMISING LONG-TERM GROWTH OUTLOOK FOR WATER TREATMENT IN INDIA

Strong Regulatory Push

Increasing Urbanization with Focus on Quality

Increasing Demand for Recycled Water

Resurgence of Traditional Industrial Segments

Increased Sewage Treatment Capacities

Industrial Wastewater Treatment Compliance

Desalination Opportunity

WATER: HEALTHY CLOSING ORDER BOOK

REVENUE

+19.3%

PBIT

+41.0%

₹ Crore

CLOSING ORDER BOOK*

+35.8%

40.0

54.4

108.7

91.1

-31.9%

9.3

13.2

1726.0

3.2

2.2

-12%

1520.0

Q2 FY 25 Q2 FY

H1 FY 25H1 FY 26

Q2 FY 25 Q2 FY 26

H1 FY 25 H1 FY 26

Q2 FY 25

Q2 FY 26

•

The outstanding order book as on September 30, 2025 stood at ₹ 1,520 crore, which includes ₹ 1,092 crore towards O&M

contracts for a longer period of time.

Note: These results are based on consolidated results including wholly owned SPVs executing (i) Mathura PPP/HAM Project awarded by UP Jal Nigam, funded by National Mission of Clean Ganga (NMCG) under Namami Gange Programme and (ii) Pali ZLD Pvt. Ltd. *Including long duration orders for Operations & Maintenance (O&M)

SHAREHOLDING PATTERN

Promoter Group, 60.98%

Foreign Portfolio Investors, 5.72%

Mutual Funds + AIF, 8.31%

Resident Individuals, 2.02%

Corporate Bodies, 1.97%

NRI, 20.22%

Others, 0.79%

Note: As at end of the quarter ending September 30, 2025. Others comprise of Clearing members, HUF, Trust, IEPF, Key Managerial Personnel, Banks, NBFCs, Insurance Companies, etc.

ANNEXURES

RATIONALE FOR TEIL AMALGAMATION WITH SSEL & SWAP RATIO

Synergies The proposed amalgamation will create and provide operational synergies, economies of scale, optimum utilization of resources, simplification of business processes, elimination of duplication and rationalization of administrative expenses, which will lead to savings in the costs

Reducing compliance related costs It will result in reduction of multiplicity of entities, thereby reducing compliance cost of multiple entities viz., statutory filings, regulatory compliances, labour law/ establishment related compliances

Consolidation of Operations Both the companies have manufacturing verticals of sugar and distillery; therefore, the proposed amalgamation of the Amalgamating Company into the Amalgamated Company would lead to the consolidation of all operations pertaining to the manufacture of the sugar, alcohol, ethanol in one entity

Value Creation It will help in achieving consolidation, greater integration and flexibility that will maximize overall shareholder's value and improve the competitive position and negotiating power of the combined entity

(A) TEIL will issue 100 equity shares of face value of INR 1 each to shareholders of SSEL for every 137 equity shares held in SSEL of

face value of INR 10 each

(B) Shareholding held by TEIL in SSEL (i.e. SSEL Promoter Shareholding) shall get cancelled pursuant to the Scheme

RATIONALE FOR DEMERGER OF POWER TRANSMISSION BUSINESS & RATIO OF ISSUE OF EQUITY SHARES BY TPTL

Sharpened Focus The PTB and the Residual Business (defined in the Scheme) address different market segments with unique opportunities and dynamics in terms of business strategy, customer set, geographic focus, competition, capabilities set, talent needs and distinct capital requirements. The transfer of the PTB Undertaking into the Resulting Company will enable each business to sharpen its focus and organize its activities and resources to improve its offerings to their respective customers. This would help to improve its competitiveness, operational efficiency, agility and strengthen its position in relevant markets resulting in more sustainable growth and competitive advantage

Competitive Position and Market Penetration PTB has attained a significant size, scale and has a large headroom for growth in its market. As PTB is entering the next phase of growth, the transfer and vesting of the PTB Undertaking into the Resulting Company pursuant to this Scheme would result in focused management attention and efficient administration to maximize its potential

Value Unlocking Further, as PTB has separate growth trajectories, risk profile and capital requirement, the segregation of the PTB Undertaking and the Residual Business will enable independent value discovery and lead to unlocking of value for each business

CHRONOLOGICAL TRANSACTION MILESTONES

• Approval of the Board of Directors on recommendation of Audit Committee & Independent Directors

to the Scheme

• Filing of Application with Stock Exchanges for No Objection • Filing the Scheme along with Application with NCLT for issuance of summons for directions on

convening/ conducting/ dispensing meetings of shareholders and creditors; Hearing and receipt of the NCLT order

• Meetings of shareholders & creditors (where required) • Filing of petition with NCLT for sanction of the Scheme • Listing of matter before NCLT and Issuing of Notices to relevant statutory authorities and publication in

the newspapers

• Filing of replies/NOC by the relevant statutory authorities • Final hearing of NCLT for approval of Scheme • Filing of NCLT order with Registrar of Companies • Filing of Listing Application with the Stock Exchanges for listing and trading of shares allotted pursuant

to the Scheme

• Listing and Trading of Equity shares of Resulting Company and new shares of Amalgamated Company

[Kindly note that these consist of only the key steps of the process involved in the Scheme, and is not exhaustive in nature]

INVESTOR CONTACT

Himanshu Sharma Triveni Engineering & Industries Ltd. Tel. +91 120 430 8000 Fax : +91 120 431 1010 ir@trivenigroup.com www.trivenigroup.com

Gavin Desa/ Rishab Brar Citigate Dewe Rogerson Tel: +91 22 66451237/1235 gavin@cdr-india.com / rishab@cdr-india.com

SAFE HARBOUR/LEGAL DISCLAIMER

Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate.

These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.

Further, this presentation may make references to reports and publications available in the public domain. Triveni Engineering & Industries Ltd. makes no representation as to their accuracy or that the company subscribes to those views / findings.

COMMONLY USED TERMS

Term

AGMA

Alcohol

API

ASP

Bagasse

Definition

American Gear Manufacturers Association (AGMA)

Colourless liquid produced by natural fermentation of sugary feedstocks and used as an intoxicating

constituent of potable spirits, industrial solvent and as fuel

American Petroleum Institute

Activated Sludge Process

Cane fibre leaving cane mill after extraction of juice

B-Heavy Molasses

These are molasses produced from 2nd stage (B-massecuite) pan boiling during production of sugar

Bio-ethanol

Ethanol used for blending in low concentration in gasoline

BNR

BOD

Biological Nutrient Removal

Biological oxygen demand

Cane development

Activities for improving quality and quantity of cane in sugarcane command area of factory

Cane yield

Cane produced per acre/hectare

C-Heavy Molasses

COD

Co-product

Also known as final molasses, blackstrap molasses, treacle. This is the end by-product of the processing in the

sugar factory.

Chemical oxygen demand

Products of the sugar industry essentially e.g. bagasse, press cake, molasses, simultaneously produced during

sugar production

Co-generation

Production of electricity and usable steam in same plant

CSR

DDGS

Corporate Social Responsibility

Distillers Dried Grain Solubles. A co-product of a grain ethanol facility which contains higher protein and is sold

as an animal feed, poultry and swine feed.

COMMONLY USED TERMS

Term

Definition

Denatured spirit

Ethanol that has additives to make it poisonous, bad tasting, foul smelling or nauseating to discourage its

recreational consumption.

Distillation

Process of separating alcohol from water via evaporation and condensation

EBP

EHS

ENA

Fly ash

Grain distillery

GTG

HAM

ID-FD

IMIL

MBBR

MEE

MoEF & CC

Molasses

Ethanol Blended Petrol. The EBP programme seeks to achieve blending of ethanol with petrol with a view to

reducing pollution, conserve foreign exchange and increase value addition in the sugar industry enabling them

to clear cane price arrears of farmers.

Environment, Health & Safety

Extra Neutral Alcohol. Colourless food grade alcohol without any impurity, used in alcoholic beverages.

Fine solid particles of ashes, dust and soot carried out from burning fuel

Distillery producing Ethanol / Alcohol using grain as a feedstock. Starch available in grain is converted with

enzymes to sugar and fermented with yeast to produce grain alcohol

Gas Turbine Generator

Hybrid Annuity Model

Induced Draft/Forced Draft

Indian Made Indian Liquor

Moving Bed Biofilm Reactor

Multi Effect Evaporator

Ministry of Environment, Forests & Climate Change

A co-product/by-product of sugar manufacturing process used mainly for ethanol production

COMMONLY USED TERMS

Term

Definition

Multi-feed distillery

NGT

O&M

OMC

Distillery producing Ethanol / Alcohol using various feedstocks such as sugarcane juice/syrup, B-Heavy

molasses, C-Heavy molasses, grains such as maize, surplus rice, broken rice and other damaged food grains

National Green Tribunal

Operations & Maintenance

Oil Marketing Companies

Potable alcohol

Highly purified alcohol with very neutral odor and taste

Rectified spirit

SBR

SLOP

Steam cycle

STG

STP

Sugarcane juice

Sugarcane syrup

WTP

ZLD

Alcohol of 95 concentration which is used for Industrial purpose as well as for manufacturing Potable Alcohol &

Ethanol

Reverse Osmosis

Sequencing Batch Reactor

Slop is the concentrated spent-wash which is an effluent generated during alcohol manufacturing in distilleries,

which is used as fuel in incineration boilers

A process in which steam is generated in a boiler, produced steam is expanded through a turbine to extract

mechanical work, steam is condensed into water and water is feed to the boiler to produce steam.

Steam Turbine Generator

Sewage Treatment Plant

Juice obtained from sugarcane after crushing it in mills

Sugar solutions of higher concentration obtained after evaporating water of juice in evaporators

Water Treatment Plant

Zero Liquid Discharge

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