Balrampur Chini Mills Limited

rs,

te Relationship Department, 1st Floor, New Trading Wing, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai- 400001 Scrip Code: 500038 Dear Sir/Madam, Subject: Corporate Presen

175.7 MW

Aggregate cane crushing capacity (TCD) 288.47 Aggregate Installed co-generation capacity (MW) (175.7 MW saleable capacity ) 1,050 250 (TPD) Aggregate distillery capacity (KLPD) Poly Lactic Acid pla

53%

equal to 80,000 TPA) */ FSSC 22000 certification achieved for these plants. Refinery capacity is ~53% of 80,000 TCD BCML | Investor Presentation 5 Journey of BCML over Decades 1975-1989 1990-1999

Rs.1009.49 crore

alternatives to plastics In the last 10 years upto Mar-26, conducted six share buybacks worth Rs.1009.49 crore coupled with cumulative dividend payout of Rs. 655.20 crore (including dividend distribution tax

Rs. 655.20 crore

, conducted six share buybacks worth Rs.1009.49 crore coupled with cumulative dividend payout of Rs. 655.20 crore (including dividend distribution tax of Rs. 52.46 crores) In Q2FY26 announced interim dividend o

Rs. 52.46 crore

upled with cumulative dividend payout of Rs. 655.20 crore (including dividend distribution tax of Rs. 52.46 crores) In Q2FY26 announced interim dividend of Rs. 3.50 (350%) per Equity share of Re. 1/- each leadi

Rs. 3.50

including dividend distribution tax of Rs. 52.46 crores) In Q2FY26 announced interim dividend of Rs. 3.50 (350%) per Equity share of Re. 1/- each leading to outflow of ~Rs. 70.68 crores. BCML | Investor

350%

dividend distribution tax of Rs. 52.46 crores) In Q2FY26 announced interim dividend of Rs. 3.50 (350%) per Equity share of Re. 1/- each leading to outflow of ~Rs. 70.68 crores. BCML | Investor Prese

Rs. 70.68 crore

unced interim dividend of Rs. 3.50 (350%) per Equity share of Re. 1/- each leading to outflow of ~Rs. 70.68 crores. BCML | Investor Presentation 6 Board of Directors Vivek Saraogi CHAIRMAN AND MANAGING DIRECTO

38.1 billion

estimate that carbon dioxide (CO2) emissions from fossil fuels will reach a new all-time high of 38.1 billion tons, an increase of 1.1% over 2024. OUR CURRENT ECONOMIC MODEL IS NOT ENVIRONMENTALLY SUSTAINABL

1.1%

) emissions from fossil fuels will reach a new all-time high of 38.1 billion tons, an increase of 1.1% over 2024. OUR CURRENT ECONOMIC MODEL IS NOT ENVIRONMENTALLY SUSTAINABLE The current carbon-based

2.5%

placing ALL carbon in the polymer and chemical industry will be possible requiring a manageable ~2.5% of all biomass of planet earth. To achieve Net-Zero, we must embrace Bio BCML | Investor Presen

“BCML | Investor Presentation 8 COMPANY’S DIVERSIFICATION TO BIOPLASTIC – Poly Lactic Acid (PLA) BCML | Investor Presentation 9 The Writing is on the Wall THE GLOBAL CARBON CYCLE IN BILLION TONS The Global Carbon Budget's projections for 2025 estimate that carbon dioxide (CO2) emissions from fossil fuels will reach a new all-time high of 38.1 billion tons, an increase of 1.1% over 2024.”

“Even replacing ALL carbon in the polymer and chemical industry will be possible requiring a manageable ~2.5% of all biomass of planet earth.”

“BCML | Investor Presentation 15 BCML – PLA (bio-polymer) Project A STRATEGIC DECISION Diversifying goals align with the Make in India Initiative and Swachh Bharat Abhiyan.”

“cr) PBIT Margin (%) Sugar Sales (lac quintals) Average blended realization of sugar (Rs./kg) 5,507.2 4,897.4 4,697.3 4,263.0 4,338.6 514.7 102.6 94.7 94.2 90.4 100.6 38.0 39.1 40.7 34.7 36.0 467.6 419.7 296.3 238.5 6.9% 5.5% 8.9% 9.5% 9.3% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26”

“Key benefits highlighted by the government include: Take care of surplus sugar (target to sacrifice ~6 million tonnes of sugar by 2025-26) Reduce import dependency of fuels to result in substantial saving of forex Cleaner environment through E20 fuel .”

“Carbon Monoxide emissions will be 50% lower in two- wheelers and 30% lower in four-wheelers.”

“Hydrocarbon emissions will be 20% lower in both Additional income to farmers, Infrastructural investment in rural areas Employment generation Health benefits Municipal Solid Waste Management In January 2021, the target of achieving 20% Ethanol-blending with petrol was preponed to 2025 which has been achieved during ESY 2025-26.”

“Oct-25 BCML | Investor Presentation 32 Cogeneration Business OPERATIONAL NUMBERS Co-generated Power Production (Cr Units) Co-generated Power Sales (Cr Units) Average Realization (Rs./Unit) 89.8 81.8 82.8 72.7 71.9 4.6 4.4 4.0 3.3 3.4 34.9 31.7 40.8 37.2 36.7 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 On expiry of PPA with UPPCL for two of the units, BCML has started supplying power through open market access.”

“5.59/unit in FY25 under open market route.”

“cr) TCI Margin (%) 6,271.2 742.2 542.6 Basic EPS (Rs.) 26.49 5,593.7 5,415.4 598.7 4,846.0 4,665.9 562.3 560.2 461.0 438.8 22.44 380.4 21.65 18.74 408.3 277.9 13.94 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 12.4% 8.7% 13.3% 10.4% 8.9% 9.5% 6.0% 9.7% 8.1% 6.0%”

KEY MESSAGE

2

HISTORIC TREND

2

Note

2

Second phase of integrated growth

1

Key message

1

Our Expectations

1

Transfer Price

1

For PLA

1

Our Sustainable Products Basket

1

ISO Certification

1

Second phase of integrated growth

Acquired Rauzagaon unit with sugar and power plant Acquired stake in Indo Gulf Industries Limited, integrating its sugar unit into BCML Structural transformation of sugar and distillery divisions Enhanced commitment towards environment and shareholders Introduced incinerators in distilleries to achieve zero liquid discharge, extending the operational days of distillery by 60 days annually Commissioned its 4th distillery at Gularia and subsequently increased its capacity Commissioned its 5th distillery capacity at Maizapur Completed expansion of its Balrampur distillery, becoming one of the leader in distillery capacity in Uttar Pradesh Decadal Future Growth Opportunity Diversification to Bioplastic: Establishing India’s first industrial bio-polymer plant for Poly Lactic Acid (PLA) production, promoting eco-friendly alternatives to plastics In the last 10 years upto Mar-26, conducted six share buybacks worth Rs.1009.49 crore coupled with cumulative dividend payout of Rs. 655.20 crore (i

KEY MESSAGE

Even replacing ALL carbon in the polymer and chemical industry will be possible requiring a manageable ~2.5% of all biomass of planet earth. To achieve Net-Zero, we must embrace Bio BCML | Investor Presentation 11 Economics of Fossil-based Carbon vs. Bio-based Carbon

Key message

Bio-based carbon is inherently more cost-effective than fossil-based carbon for plastics, making it a promising and sustainable solution for the future. Head Per Kg INR Conversion (Kg RM per kg plastic) Carbon cost INR (1kg Plastic) Crude ` 70 * 1.9 ` 133 * Assuming 100$ per barrel (136 kg per barrel) Sugar ` 41 1.7 ` 69.70 BCML | Investor Presentation 12 How Bioplastic is an Active Measure Classification Of Bioplastics BIOPLASTICS HELP TO REDUCE GHG EMISSIONS AND PLASTIC POLLUTION Bioplastics fit in as an active measure? • Bioplastics can be “biobased” • Bioplastics can be “biodegradable” • PLA is easy to chemically recycle BCML | Investor Presentation 13 BioE3 Policy: An Era of Bio-Revolution Government has introduced BioE3 Policy in August 2024 to promote bio-manufacturing and support the shift to sustainable, bio-based economy. • • The BioE3 Policy will facilitate sustainable and efficient utilization of biological resources The carbon capture storage to biomass and utilization the

KEY MESSAGE

PLA is the lowest cost biopolymer with a great hardness and great transparency. PLA has clear advantages in chemical recycling. BCML | Investor Presentation 15 BCML – PLA (bio-polymer) Project A STRATEGIC DECISION Diversifying goals align with the Make in India Initiative and Swachh Bharat Abhiyan. The market for sustainable products is growing and our initiative is to meet eco- friendly standards and create a new ecosystem for the Sugar Industry. Future option to use rice, corn or other starch based raw material as per the availability and cost. Creating a revenue stream by adding more Value-added product. BCML | Investor Presentation 16 Overview on Poly Lactic Acid (PLA) 1.46 USD Bn Value of the global PLA market, 2025 11.8% projected PLA market growth from 2024 to 2034 8% Of global Bioplastics accounted for by sugarcane bioplastics 0.02% Of the global agricultural area used to produce bioplastics in 2025 0.073% Of the global agricultural area to be used to produce bioplastics, 2028

HISTORIC TREND

5 YEARS FINANCIAL & OPERATIONAL DATA BCML | Investor Presentation 20 SUGAR BUSINESS BCML | Investor Presentation 21 Policy Intervention From Government FRP Fair & Remunerative Price (FRP) of sugarcane for the sugar season 2025-26 has been revised to ₹355 per quintal from ₹340 per quintal in the previous season (linked to a basic recovery of 10.25%). FRP for sugar season 2026-27 has been announced at Rs. 365 per quintal. SAP State Advised Price (SAP) of sugarcane for the sugar season 2025-26 has been increased by Rs. 30 per quintal to Rs. 400 per quintal for early variety of sugarcane. MSP Minimum Selling Price (MSP) of sugar was first fixed at Rs. 29 per kg in June 2018 and later increased to Rs. 31 per kg in February 2019. MSP is the ex-factory price (excluding GST and transportation charges) below which no mill can sale sugar in India. However, the prevailing market price of sugar is much above the MSP. Stock Holding Along with MSP, stock holding limits on mills regulates the supply

Our Expectations

• Increase the prices of juice, B-heavy based ethanol in line with FRP hike, following the mechanism adopted up to 2022-23 which considers the value of sugar sacrificed. The minimum selling price of sugar (as part of the policy framework) should be revised upwards in view of the increase in FRP. BCML | Investor Presentation 22 Sugar Segment FINANCIAL NUMBERS Revenue (Rs. Cr.) PBIT (Rs. cr) PBIT Margin (%) Sugar Sales (lac quintals) Average blended realization of sugar (Rs./kg) 5,507.2 4,897.4 4,697.3 4,263.0 4,338.6 514.7 102.6 94.7 94.2 90.4 100.6 38.0 39.1 40.7 34.7 36.0 467.6 419.7 296.3 238.5 6.9% 5.5% 8.9% 9.5% 9.3% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26