Responsive Industries Limited

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December 23, 2025 BSE Limited Corporate Relationship Manager, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 505509 National Stock Exchange of India Limited Ex

1%

ngaged in manufacturing and selling a wide range of PVC articles. Revenue by Product (1H FY2026) 1% 8% 8% 29% Revenue from operations 652.5 cr 55% Vinyl Sheet Vinyl Planks Synthetic Cloth S

8%

ed in manufacturing and selling a wide range of PVC articles. Revenue by Product (1H FY2026) 1% 8% 8% 29% Revenue from operations 652.5 cr 55% Vinyl Sheet Vinyl Planks Synthetic Cloth Synth

29%

nufacturing and selling a wide range of PVC articles. Revenue by Product (1H FY2026) 1% 8% 8% 29% Revenue from operations 652.5 cr 55% Vinyl Sheet Vinyl Planks Synthetic Cloth Synthetic Rope

55%

PVC articles. Revenue by Product (1H FY2026) 1% 8% 8% 29% Revenue from operations 652.5 cr 55% Vinyl Sheet Vinyl Planks Synthetic Cloth Synthetic Ropes Waterproofing membranes India’s only

12,500 MT

ly integrated platform. 30+ years experience 2 manufacturing facilities in India and China 12,500 MT per month capacity 1,000 + Institutional and Retail Accounts 25+ industries served Export

₹39

y 1,000 + Institutional and Retail Accounts 25+ industries served Export to 70+ countries ₹39 Cr 39.0% Free Cash Flow in 1H FY26 3-year EBITDA CAGR 8x PAT growth over FY23-25 5,000+ SK

39.0%

+ Institutional and Retail Accounts 25+ industries served Export to 70+ countries ₹39 Cr 39.0% Free Cash Flow in 1H FY26 3-year EBITDA CAGR 8x PAT growth over FY23-25 5,000+ SKUs 5,000

8x

s served Export to 70+ countries ₹39 Cr 39.0% Free Cash Flow in 1H FY26 3-year EBITDA CAGR 8x PAT growth over FY23-25 5,000+ SKUs 5,000+ Projects Completed 14.8% RoE A Platform Buil

14.8%

FY26 3-year EBITDA CAGR 8x PAT growth over FY23-25 5,000+ SKUs 5,000+ Projects Completed 14.8% RoE A Platform Built for Stability at Home and Scale Abroad 4 Investment Thesis Infrastructure

₹247

00 institutional + retail accounts with predictable, recurring demand. Export Diversification:: ₹247 Cr of exports in FY25 — with 41% from the U.S. — providing strategic optionality and strengtheni

41%

with predictable, recurring demand. Export Diversification:: ₹247 Cr of exports in FY25 — with 41% from the U.S. — providing strategic optionality and strengthening global positioning. 5 Stron

“Export Diversification:: ₹247 Cr of exports in FY25 — with 41% from the U.S.”

“Cr 756 35% 65% FY21 1,103 35% 65% FY22 974 41% 59% FY23 1,087 36% 64% FY24 1,418 17% 83% FY25 652 14% 86% 1H FY26 Domestic Sales Exports Domestic business consistently contributes over 60–65% of revenue, acting as the stable engine.”

“customer onboarding scales and tariff clarity strengthens, supporting a favourable mix shift going forward.”

“₹1 Lakh+ Cr Bus Segment by 2026E Indian bus industry expected to reach ₹1.04 Lakh Cr by 2026E, growing at 6-7% CAGR, led by both STUs and private operators.”

“₹247 crore Exports in FY25 (17% of Sales) Responsive Industries India’s only vinyl flooring manufacturer with a fully diversified portfolio (Responsive is in advanced discussions with major U.S.”

“22% 21% 23% 243 FY24 295 149 FY25 1H FY26 EBITDA EBITDA Margin % EBITDA Up 2.7x in Two Years, Driven by Mix Improvement and Export Growth.”

“Cr Revenue by Customer 26% 11% 8% 8% 10% 12% 25% 23% 8% 7% 8% 11% 14% 29% 23% 5% 7% 7% 12% 15% 31% 8% 7% 6% 6% 20% 18% 35% 7% 7% 6% 6% 20% 18% 36% FY21 FY22 FY23 FY24 FY25 Railways Buses/ OEM Real estate developers Healthcare Education Hospitality Rest Key Customers Railway Buses / OEM Real Estate Developers Healthcare Education Hospitality Primarily High-Margin, Mission-Critical Institutional Segments.”

“15 Product Portfolio: 83% Revenue from Vinyl Flooring and Planks Shift in Focus: Betterment of Product Mix over FY21-FY25 Vinyl Flooring Includes contract sheet, semi-contract, transport, SPC, and LVT segments.”

“19 Strategy Going Forward Large, Under-Penetrated Markets Across Our Core Focus Areas India Vinyl Flooring Institutional & Transport Flooring / Leather Global / U.S.”

“LVP & Vinyl • India vinyl flooring market TAM: USD 1.1– 1.3B (2024), growing to USD 2.3–2.5B by 2034 (~7% CAGR).”

Infrastructure Leverage

1

U.S. LVP Opportunity

1

Brand Expansion

1

India Stability

1

Strong Financials

1

Annual production

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Capability

1

Leadership

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Monetization Phase

1

Optionality

1

Brand Expansion

Growing B2C focus through own brands (ALLURE,TRANQUIL, BELLISIMO, RESONATE) driving higher visibility and revenue contribution. 01 03 05 02 04 06

India Stability

A stable domestic base supported by a sticky institutional ecosystem and >1,000 institutional + retail accounts with predictable, recurring demand. Export Diversification:: ₹247 Cr of exports in FY25 — with 41% from the U.S. — providing strategic optionality and strengthening global positioning. 5

Strong Financials

Healthy balance sheet with low leverage and robust cash generation. India is Our Power Base Rs. Cr 756 35% 65% FY21 1,103 35% 65% FY22 974 41% 59% FY23 1,087 36% 64% FY24 1,418 17% 83% FY25 652 14% 86% 1H FY26 Domestic Sales Exports Domestic business consistently contributes over 60–65% of revenue, acting as the stable engine. Domestic business remains the core revenue engine, providing consistency, visibility, and predictable cash flows. Export growth is poised to accelerate as U.S. customer onboarding scales and tariff clarity strengthens, supporting a favourable mix shift going forward. ~40,000 Bogies to Vande Bharat Standards Indian Railways to upgrade 40,000 standard bogies for enhanced passenger safety, convenience, and comfort. USD 1 Trillion Real Estate Market Indian real estate sector expected to reach USD 1 trillion by 2030E. USD 4.1 Billion Flooring Market by 2030E Indian Luxury Vinyl Tile (LVT) flooring market projected to reach USD 4.1 Billion by 2030E, driven by a strong

Annual production

SPC 100 mn sq ft, LVT 80 mn sq ft, and LVT Loose Lay 40 mn sq ft. Annual production of Resilient Sheet Vinyl: 80 mn sq ft / year WPC flooring capacity of 50 mn sq ft added from 2025 12,500 metric tons per month installed capacity Boisar Mumbai Nhava Sheva Port Certifications Product Capacity (Tons/ Month) ISO 9001, SEDEX, FloorScore, and CTPAT certifications ensure compliance with international standards. Flooring Leather Ropes 8,500 2,000 2,000 A Fully Built-Out Capacity Platform — Ready to Scale Without Further Heavy Capex 7 Export Ready Capabilities: China Facility Location Facility Details The Chinese manufacturing facility is located in Ma’anshan city of Anhui Province. Certifications ASTM, CE, ISO, RDSO Large-Scale SPC/LVT Manufacturing Capability 12 extrusion lines Low cost manufacturing center Production capacity of 7.50 million sq ft/ month Duty free exports to ASEAN and TPP Established U.S. Distribution Infrastructure Facility The Factory Was Built To Serve Global Customers —

Optionality

Large $10B+ U.S. LVP opportunity, supported by improving export competitiveness regardless of tariff cycles. Integrated Manufacturing

Tailwinds

Strong multi-sector growth drivers across Railways, STUs, real estate, and healthcare. 19 Strategy Going Forward Large, Under-Penetrated Markets Across Our Core Focus Areas India Vinyl Flooring Institutional & Transport Flooring / Leather Global / U.S. LVP & Vinyl • India vinyl flooring market TAM: USD 1.1– 1.3B (2024), growing to USD 2.3–2.5B by 2034 (~7% CAGR). • Vinyl gaining share as a durable, affordable alternative to tiles and wood. • LVP/SPC penetration <5%, offering a long runway for premium growth. Responsive has the scale and product range to disproportionately benefit as LVP/SPC penetration rises from a low base. • • • Addressable spend across Railways, STUs, hospitals, airports, education, and public infrastructure runs into several thousand crore annually in India. Private hospital market to reach ~USD 200B+ by 2030, with strong government focus on transport modernization. Preferred supplier to Railways and 100+ STUs, with >5-year relationships and 6–18 months approval cy