GRPLTD

Dated: 24/07/2026 To To BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Scrip code : 509152 Symbol : GRPLTD – Series: EQ Dear Sir / Madam, Sub: Investor Presentation for Q1 FY 2027 Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Investor Presentation on the Unaudited financial results of the Company for the quarter ended 30th June, 2026. The aforesaid presentation has been uploaded on the Company’s website viz., www.grpweb.com You are requested to take the above information on your records. Thanking you, Yours faithfully, For GRP Limited Sonal Jaju Company Secretary & Compliance Officer encl.: a/a INVESTOR PRESENTATION July 2026 www.grpweb.com 1 Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by GRP Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. www.grpweb.com 2 Managing Director’s Message Commenting on the Q1FY27 performance of the company Mr. Harsh Gandhi, Managing Director for GRP Limited said, “FY27 has commenced on a strong note, reflecting the conviction in our business model and the successful execution of our priorities. Total income for Q1 FY27 stood at Rs. 1,573 Mn, registering a healthy 26% year-on-year growth, driven by robust consolidated volume growth of 24%, improved realizations, and increasing contribution from our newer businesses. The global tyre industry continued to operate in a mixed environment during the quarter, with weakness persisting in the OE segment while replacement demand remained relatively resilient across most regions. In India, market conditions remained encouraging, supported by healthy automotive demand. Reclaim rubber continued to strengthen its position as a preferred sustainable raw material. Amid these market trends, our Rubber Recycling businesses delivered a solid performance, with segment revenues growing 34% year-on-year and reclaim rubber volumes increasing 12%, supported by the recovery in export demand following the removal of US tariffs and continued strength in the domestic market. Despite evolving supply chain and logistics dynamics, our teams ensured seamless execution across operations, enabling us to meet customer demand efficiently. Our Other business also delivered encouraging progress and maintained stable revenues despite a higher comparative base in the previous year on account of the Polymer Composite business. Engineering Plastics recorded a healthy 27% year-on-year growth in volumes, benefiting from improving demand in the automotive sector and favourable virgin polymer pricing trends. The Repurposed Polyolefins business witnessed a meaningful turnaround in margins, driven by better realizations, and disciplined cost management. Together, these developments reinforce the strategic actions undertaken over the past year to strengthen the quality and resilience of our diversified portfolio. The strong operating performance translated into a significant improvement in profitability. EBITDA increased by 60% year-on-year, with margins expanding by 233 basis points, supported by operating leverage, higher realizations, and sustained cost discipline across businesses. Profit after tax more than doubled to Rs. 42 Mn, increasing 140% year-on-year. The quarter demonstrates our ability to convert growth into profitable performance despite continued raw material inflation and higher operating costs. We also continued to make meaningful progress on our long-term growth agenda. Cumulative capital expenditure under Pyrova Energy reached approximately Rs. 91 crore as on 30 June 2026, while the specific unit continued to stabilise and is poised for scale. Our focus now is on expanding capacities, progressing towards commencement of recovered Carbon Black (rCB) production, and accelerating the transition to next-generation reclaim technologies. During the quarter, we also published our FY 2026 Sustainability Report, showcasing our continued progress on ESG priorities and reaffirming our commitment to advancing the circular economy. With a strong beginning to FY 2027, improving momentum across businesses, and disciplined execution of our strategic roadmap, we are confident of sustaining this trajectory and creating long-term value for all our stakeholders.” www.grpweb.com 4 Q1FY27 Performance Highlights – Consolidated (in Rs. Mn) Total Income EBITDA PAT +26% +60% +140% 1,573 174 42 1,247 109 17 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Gross Margins (%) EBITDA Margins (%) PAT Margins (%) -179 bps +233 bps +127 bps 50.1% 48.3% 11.0% 2.7% 8.7% 1.4% Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 www.grpweb.com 5 Segment Wise Quarterly Performance Trend – Standalone (in Rs. Mn) Rubber Recycling1 Others1 +34% -1% 1,437 121 121 119 1,309 1,205 1,228 101 105 1,071 646 494 526 486 706 Domestic Exports 815 791 679 586 521 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Positive Negative Total Positive Negative Total 8.3% 10.4% 23.4% 19.4% Q1 FY26 vs Q1 FY272 Q1 FY26 vs Q1 FY272 362 29 12 24 -1 -219 151 90 -15 -82 EBITDA Q1 FY26 Total Income RM Other expenses EBITDA Q1 FY27 EBITDA Q1FY26 Total Income RM Other expenses EBITDA Q1FY27 www.grpweb.com 1. Excludes Other income, Here Rubber Recycling includes Reclaim Rubber, Custom Die Forms, Pyrova Energy & Others include Engineering Plastics, Polymer Composite and Windmill 2. Includes Other income 6 Segment Wise Revenue Split – Standalone (in Rs. Mn) Rubber Recycling Others Revenue Spilt (%) +34% -1% 8% 1,437 121 119 1,071 Total Revenue +31% 1,557 92% Q1FY26 Q1FY27 Q1FY26 Q1FY27 1,192 Rubber Recycling Others Domestic Revenue Exports Revenue Geographical Spilt (%) +32% +29% Q1FY26 Q1FY27 765 791 580 612 49% 51% Q1FY26 Q1FY27 Q1FY26 Q1FY27 Domestic Exports www.grpweb.com Note - Excludes Other income, Here Rubber Recycling includes Reclaim Rubber, Custom Die Forms, Pyrova Energy & Others include Engineering Plastics, Polymer Composite and Windmill 7 Key Highlights Consolidated income grew by 26% YoY during the quarter , driven by 24% volume growth and 5% improvement in realizations. Total EPR income stood at Rs. 49 Mn in Q1FY27 versus Rs. 46 Mn in Q1FY26 Despite a 2 percentage point decline in gross margin in Q1 FY27 compared to Q1 FY26, (driven by a 31% increase in raw material costs due to higher prices of select rubber grades), EBITDA margin improved by 2 percentage points, supported by lower operating costs Reclaim Rubber volumes grew by 12% year-on-year, supported by a robust 20% increase in export volumes. The Pyrova Energy business stabilized during the quarter, following the successful resolution of initial operational issues The Plastics business recorded a 14 pps year-on-year improvement in EBITDA margin, driven by a 10 percentage point expansion in gross margin resulting from a restructured product & customer mix and higher realizations, along with lower employee costs Working capital cycle improved by 8 days to 86 days as of 30 June from 31 March, through optimized working capital management www.grpweb.com 8 Unlocking New Horizons Through Crumb Rubber, Pyrolysis, and Soon-to- Launch recovered Carbon Black A phased growth in Pyrova Energy Phase 1 (Oct 2025): • Commissioned India's largest single-line continuous reactor of 15KTPA • Commissioned Integrated Crumb Rubber Facility for Pyrova, Reclaim Rubber Unit Phase 2 (Under commissioning through Feb 2027): • Set-up recovered Carbon Black facility at site in Solapur • Capacity enhancement of Tyre Pyrolysis plant to 45KTPA Phase 3 (Under planning, to be commissioned through Oct 2027): • Set-up of an integrated facility for production of Crumb Rubber, Tyre Pyrolysis Oil and rCB in Gujarat Industry Applications Enables the extraction of three material streams Petrochemicals (as feedstock) Tyre and rubber product manufacturing Tyre Pyrolysis Oil Recovered Carbon Recovered Steel Pigments for paints and coatings (TPO) Black (rCB) Wire Plastics Virgin carbon black production www.grpweb.com 9 Towards An Integrated Sustainable Solutions Company EoL Tyre Processing EoL Plastics Processing Expansion of Reclaim Rubber Capacity 1 Capacity expansion in Engineering Plastics ▪ Phase wise expansion of Reclaim 3 Rubber using new technology ▪ Capacity expansion in Engineering plastics using alternate feedstock materials ▪ Expansion of new product offerings Reclaim Rubber ~88KTA to 110KTA FY27- FY30 Plastics Integrated Recycler Adjacent EOL tire opportunity 4 2 Demand-driven portfolio expansion ▪ Phase wise expansion of Crumb Crumb, TPO ▪ Expand Repurposed polyolefins capacity with rubber unit, TPO and rCB unit and rCB regulation driving the demand & nylon in line ▪ Expansion in Solapur and Dahej with tyre recycling capacity growth ~39KTA to 130KTA FY27- FY30 79 cr1 170 cr2 ~90-100 cr3 EPR Income Consolidated Capex Targeted Capex FY24 to 26 FY24 to 26 FY27 www.grpweb.com 1. Consolidated EPR Income 2. Total Capex at Consolidated level including Growth, Infrastructure, Maintenance and Others 3. Capex across Reclaim Rubber, Pyrova Energy 10 Profit & Loss Statement – Consolidated Profit & Loss (Rs. Mn) Q1FY27 Q1FY26 Y-o-Y FY26 FY25 Y-o-Y Revenue 1,568 1,237 27% 5,353 5,505 -3% Other Income 5 9 27 14 Total Revenue 1,573 1,247 26% 5,380 5,518 -3% Cost of Goods Sold 813 622 2,743 2,538 Gross Profit 760 624 22% 2,637 2,980 -12% Gross Profit Margin 48% 50% 49% 54% Employee Cost 166 149 616 621 Other Expenses 420 367 1,592 1,665 EBITDA 174 109 60% 429 694 -38% EBITDA Margin 11% 9% 8% 13% Depreciation 50 42 187 160 Finance Cost 40 34 148 105 PBT Before Exceptional Item & Tax 84 32 161% 95 429 -78% Exceptional Item (Impact of new labour code) 0 0 14 0 Tax 42 15 48 122 Profit After Tax (PAT) 42 17 140% 32 307 -90% PAT Margin (%) 3% 1% 1% 6% PAT excluding Exceptional item 42 17 140% 46 307 -85% PAT excluding Exceptional Item (%) 3% 1% 1% 6% www.grpweb.com Exceptional Item includes one-time expense of Rs 14 Mn on account of new labour code 11 Balance Sheet Statement – Consolidated Liabilities (Rs. Mn) Mar-26 Mar-25 Assets (Rs. Mn) Mar-26 Mar-25 Equity Share Capital 53 53 Non-Current Assets 2,437 2,185 Other Equity 1,730 1,863 Property, Plant and Equipment 2,109 1,671 Equity attributable to owners of the Company 1,784 1,916 Capital work in progress 58 273 Non-Controlling Interests 0 0 Right of use assets 143 140 Total Equity 1,784 1,916 Investment Property 9 10 Other Intangible assets 4 2 Non-Current Liabilities 1,043 564 Intangible assets under development 1 0 Financial Liabilities Financial Assets (i)Borrowings 863 376 (i)Investments 2 1 (ii)Lease Liabilities 8 3 (iii)Other Financial liabilities 1 1 (ii)Other Financial Assets 22 35 Provisions 31 43 Other Non-Current Assets 89 54 Deferred Tax Liabilities (Net) 140 141 Current Assets 2,181 1,934 Current Liabilities 1,792 1,640 Inventories 518 534 Financial Liabilities Financial Assets (i)Borrowings 1,201 1,086 (i) Investments 134 15 (ii)Lease Liabilities 4 3 (ii)Trade receivables 1,094 1,006 (iii)Trade Payables 288 283 (iii)Cash & cash equivalents 5 13 (iv)Other Financial Liabilities 140 73 (iv)Bank balances other than mentioned 2 2 Other Current Liabilities 132 145 (v)Other Financial assets 257 253 Provisions 27 23 Current Tax Assets (Net) 58 0 Current tax liabilities (Net) 0 27 Other Current Assets 113 111 Total Equity & Liabilities 4,618 4,120 Total Assets 4,618 4,120 www.grpweb.com 12 GRP Is A Marquee Scalable Integrated Polymer Recycling Company INCEPTION VALUE CHAIN MANUFACTURING EXPANSION CAPABILITIES 5 5 5 decades of excellence Business Verticals Strategic locations Head quartered in 120000+* MTPA capacity Mumbai GRP 50 MARKET LEADERSHIP REPUTABLE CUSTOMER ESTABLISHED VENDOR AT A BASE BASE Presence in 55+ countries 400+ customers & 45+ ~50% revenue from exports channel partners 350+ vendors YEARS OF CREATING GLANCE ~21% Share in Domestic market^ Catering to 8 of top 10 150+ cities with procurement TRUST touchpoints ~35% Share in Exports global tyre companies FUTURE GROWTH SEASONED KEY POTENTIAL MANAGEMENT TEAM CERTIFICATIONS ISCC+ and GRS, ISO, IATF Strong global push towards Combined industry sustainability. Regulations experience of over 200 years certified, REACH Compliant like EPR & Planned expansion and many more ~900+ employees shall drive significant growth www.grpweb.com Note: All data pertains to FY25 unless otherwise specified; *Includes capacity of Crumb capacity added in Q4 FY25; ^FY26 14 With Clear Vision And Values… Company GRP is a sustainable materials producer that helps brand owners fulfil obligations for responsible use of end-of-life waste Our Vision The trusted global partner offering innovative sustainability solutions, committed to responsible value creation for all stakeholders OUR VALUES www.grpweb.com 15 5 Decades Of Journey Towards An Integrated Recycling Platform 1974 1978 1984 1997 Gujarat Reclaim and 1st reclaim rubber Got its first ever Diversified into Rubber Products Limited unit established at export order Custom Die Forms was incorporated Ankleshwar 2014 2012 2011 2006 Diversified into 5th reclaim rubber 4th reclaim rubber unit 3rd reclaim rubber unit Engineering Plastics unit established in established at Solapur established at Panoli Tamil Nadu 1 2015 2017 2022 2025 Formed JV with Marangoni to Diversified into Disinvestment in Marangoni Commencement of Crumb Rubber form Marangoni GRP Private Polymer Composite for strategic focus Operations at Solapur Limited (MGPL) Exited Polymer Composite Business www.grpweb.com 1. Operations at the Tamil Nadu unit have now been discontinued 16 Pioneering The Value Chain With 5 Business Verticals And Diverse Customer Segments… Business Verticals Key Customer segments Conveyor Automotive Infrastructure Industrial Belts Agricultural Polymer/Rubber Furniture Electrical Equipment Compounding www.grpweb.com 17 Maximizing the Use of End-of-Life Tyres Across Verticals Crumb Rubber 1 Tread Pyrova Energy Reclaim Rubber 2 Reclaim rubber Pyrova Energy Whole Tyre Sidewall Crumb Rubber Custom Die Forms 1 Polyamide for Engineering Plastics Tyre cord Fiber Polyamide for Engineering Plastics Growth 1 Emerging verticals with significant potential for market growth Core Steel tyre cord 2 Established brand with high market share www.grpweb.com 18 Made In India For The World With Well-diversified Procurement Network Solapur Sourcing Network 350+ domestic and international 8 strategically located manufacturing facilities across vendors 2011 | 1,15,960 sqm1 5 locations with a capacity of 120000+ MTPA 150+ touchpoints Sourcing Key Raw materials Ankleshwar from End of Life tyres, 15+ countries, tubes, tyre cord, fishnet, Post industrial 20+ Indian states rubber and textile waste 1978 | 26,547 sqm Panoli Capacity Headquarters 2006 | 17,339 sqm Dahej Indore R&D Centre Ankleshwar Indore Panoli Reclaim Rubber : 75,600 MTA2 Crumb Rubber : 31,875 MTA3 Mumbai Engineering Plastics : 6,000 MTA Solapur Repurposed Polyolefins : 6,000 MTA 2015 | 3,310 sqm Custom Die Forms : 1,400 MTA Operational since | Total Land area www.grpweb.com 1. Includes area of all the plants within Solapur including newly acquired plot for expansion; Additionally, Dahej plot is spread across land area of 31,020 sqm 19 2. Includes capacity of 3600MTA which was added in Reclaim Rubber, 3. Production from this is used as input for pyrolysis plant Wide Range of Applications for Reclaim Rubber VALUE PROPOSITION ECONOMIC PROCESSING ENVIRONMENTAL • Cost-saving by replacing • Faster mixing cycle & • Provides alternative to hazardous, landfills virgin rubber & Carbon Black Improved extrusion rate • Substitutes natural rubber & crude based • Reduced processing costs • Reduced splicing defects synthetic rubbers saving scarce natural • Controlled die swell resources • Reduces carbon emissions by 3-5MT per ton www.grpweb.com Note: Applications presented are not exhaustive 20 Advanced solutions for Engineering Plastics and Repurposed Polyolefins ENGINEERING PLASTICS REPURPOSED POLYOLEFFINS POLYAMIDE 6 ▪ High quality engineering plastic, used in ICPP applications requiring superior mechanical • Used across various applications in the properties automotive and industrial sectors ▪ Appropriate for customers seeking weight savings, function integration and design Engine Cover MCB Cover Chair Star Paint Pail Lubricant Pail Automotive Base Battery Cover freedom PBT ▪ Used primarily in electrical/electronics TPE - PP BASED ELASTOMERS applications ▪ Blend of EOL PP and EPDM reclaim rubber ▪ Highly heat-resistant up to 150 degree C from EoL tires (or 200 degree C, if reinforced) ▪ Improved flexibility, impact resistance and Connectors Bulb Consumer Basket Gear Knob Castor ▪ Has low moisture absorption and high low temperature performance Housing Appliances Wheels dimensional stability POLYAMIDE 66 ▪ Offers higher toughness with high hydrolytic PP GLASS FILLED AND TALC FILLED stability COMPOUNDS ▪ PA66 is well-known for flowability and quick ▪ Used across various applications in the crystallization household, automotive and electrical Consumer Dashboard Automotive Wiper Motor Cable Chair ▪ Used in highly stressed technical parts and sectors Appliances Components Fasteners Cover Ties electrically insulating parts www.grpweb.com Note: Applications presented are not exhaustive 21 Pyrova Energy and Custom Die Forms For Diverse Industries LINK MATS CRUMB RUBBER - ▪ Installed for workplace safety to provide impact ▪ High-quality recycled rubber granules for use in - absorption and grip at industrial sites infrastructure, sports surfaces, moulded rubber goods VIBRATION PADS - - ▪ Assisting in noise reduction, employee safety, and RECOVERED STEEL machinery & equipment protection S ▪ High-quality recovered tyre steel used as a recycled M Y feedstock in the steel industry G R R O E F N DOCK FENDERS E E I D ▪ Installed to provide protection to trailers, vehicles, A loading dock equipment, etc. V M TYRE PYROLYSIS OIL O O R ▪ Recovered through tyre pyrolysis for use in industrial T Y fuels and circular chemical value chains, advancing S ▪ End-use industries include agriculture, logistics, aviation, P U marine, logistics, oil & gas, and industrial, etc. resource recovery and sustainability C HARVESTOR BLADES ▪ Used in agriculture harvesting machines ▪ Extremely tough and resistant to fluids, oils, muds and UV RECOVERED CARBON BLACK rays making them an exceptional replacement to wood ▪ Fine carbon-rich powder for use in tyres, virgin carbon black production, pigments, rubber, plastics, and other SNOW MOVING BLADES industrial applications ▪ Rubber pads used to plow snow in snow moving equipment www.grpweb.com Note: Applications presented are not exhaustive 22 ▪ Products are used in civil and agricultural applications designed to absorb vibrations and provide insulation ▪ End uses include door mats, link mats, vibration pads, dock bumpers and industrial mats, etc. ▪ Cost saving benefits due to replacing virgin materials and reduction in energy consumption arising from rapid conversion process In-house R&D - Driving Innovation In Product, Process, and Application GRP has developed an in-house R&D for Product, Process and Application Research Department of Scientific & Industrial Research Recognized Key Principles Product: Process: Application: ``` Continuous development of new Development / improvement of Products designed to adhere to products and categories sustainable processes customer needs Product: • The R&D team develops new grades in response to market demand • These grades enable customers to substitute virgin compounds more effectively Process: • Focused efforts on reducing CO emissions through process innovations that minimize the use of coal, oil, and natural gas 2 in manufacturing • Developed proprietary mechanical devulcanization processes, replacing the previously used thermal methods Application: • Joint R&D to help customers utilize higher content of recycled materials as substitutes • Concentrated efforts on reclaiming materials from non-tyre sources for broader use in the rubber industry www.grpweb.com 23 Limitless Possibilities In Waste To Wealth With Growing Market Globally RECLAIM RUBBER Reclaim Rubber Market 28mn vehicles are produced every year Global (USD Mn) RECOVERED CARBON BLACK CAGR: 11% 2,160 CAGR: 10% 190mn new tyres are available 1,272 in domestic market every year 1,046 CRUMB RUBBER Value Addition FY21 FY23E FY28E and Recovery in INDIA PY OIL India (USD Mn) 98% 20mn vehicles are nearing CAGR: 12% End-of-Life by 2025(F) 182 CAGR: 11% TYRE CORD NYLON 103 83 ~1.6mn MT of EoL material is generated, if untreated ends up in landfills STEEL FY21 FY23E FY28E s r e v i r D h Rising focus on sustainability by Focused efforts by leading tire Introduction of EPR guidelines shall India is one of the fastest growing t w governments across the globe as manufacturers globally who have further lead to increased usage of automotive markets globally across o the need for circular economy and set sustainability targets to achieve sustainable materials by tire both passenger and commercial r G environment friendly products / c. 40% sustainable sourcing by 2030 manufacturers and add a new vehicles, and has emerged as the 3rd y process gain steam and c. 100% carbon neutrality / revenue stream for recyclers without largest market by volume in 2022 e K sustainable sourcing by 2050 additional capital expenditure www.grpweb.com Source: ATMA, Grand View Research, Other Market reports, Internal estimates 24 Significant Growth Opportunities in the Plastic Market Global Plastic Recycling Rate Plastic waste generation 10% (By Material) 19.0% Globally, around 400mn MTA of plastic waste is generated, 10.5% 10% of this is recycled 5.8% Rest is either incinerated or dumped into landfills or leaked 1.3% 0.8% 0.7% into the environment. PET HDPE LDPE PS PP PA Key Growth Drivers and Synergies Nylon Polypropylene Access to in-house raw material: Rising demand for recycled polypropylene: ▪ Nylon extracted from end-of-life tyres provides raw material for the ▪ Robust growth in demand due to rapid increase in usage of recycled plastics vertical, thus increased tyre processing enhances access to polypropylene in packaging and allied sectors secondary Nylon Growing end-use applications: Demand supply gap of Virgin Polypropylene: ▪ Significant growth driven by rising demand across various end-use ▪ Shortfall in supply against growing demand is increasing imports and applications like automotive, electrical, building and construction, etc. reducing exports of Virgin polypropylene Sustainability focus: Introduction of sustainability guidelines: ▪ Increased focus on use of sustainable materials across the value chain ▪ Introduction of EPR coupled with increasing sustainability targets of by leading manufacturers globally brand owners, has further accelerated the demand for recycled material www.grpweb.com Source: Avendus Report, Other Market reports, Internal estimates 25 Well Entrenched Customer Relationships With Reputed Tyre And Non-tyre Customers 40+ Customers have been associated with GRP for >10 years in reclaim rubber percent www.grpweb.com The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only. 26 Celebrating Excellence: Awards and Accolades Recognizing Our Achievements Recent inclusion to our achievements CERTIFICATIONS Crisil Rating Long term loan : BBB+ IATF 16949:2016, I S IS O O 4 5 9 0 0 0 0 1 1 : : 2 2 0 0 1 1 8 5, ISO14001:2015, Bronze Short term loan : A2 AWARDS First Reclaim Rubber manufacturer to receive Outstanding ISCC+ Certification Top 10 Best performance service Raw Material Special Recycler of the year award Companies for ESG (Domestic), MSME Export Award Secured GRS for Plastic materials Winner Runner up ACCQC Awards – 6 Supply Chain Leader Gold Award at Logistics 2.0 For export performance Computer World Information Technology HR Excellence in Finalist Parivartan Awards (For ERP for Economic, Employee Engagement Sustainability Leadership CDP rating of “C” Environmental and Social Sustainability) Award MEMBERSHIPS Consistently Certified as a Great Place to Work for the third time www.grpweb.com Note CDP ratings, Great Place to Work® certifications, and 5S certifications relate to prior assessment periods and are presented for reference only 27 Distinguished Board of Directors Rajendra Gandhi Harsh Gandhi Hemal Gandhi Executive Chairman Managing Director Executive Director Saurabh Shah Anshul Mittal Vivek Asrani Belur Sethuram Independent Director Independent Director Independent Director Independent Director www.grpweb.com 28 Paving the Way for Sustainability With Focus On ESG Published our first Sustainability Report reinforcing our commitment to transparency and accountability Target of 30% women participation in workforce by 2030 50 Renewable energy target by 20282 % HIGHLIGHTS 55%1 48%1 Zero Liquid Green Tech Reduction in Scope 1 Energy needs harnessed Discharge (ZLD) Investments Products emissions and 19%1 using renewable sources Operations with LCA results – up from 37% last year reduction in combined Scope 1&2 emissions www.grpweb.com Source: Resource Recovery – Internal estimates 1. FY26 GRP Standalone , 2. Reclaim Rubber 29 Sustainable Development Goals (Adopted By GRP) GRP believes in ‘giving back to the society and the planet’, it has shown a high level of engagement across following six out of the seventeen SDGs adopted by all UN member states to build a better world for people and planet Wellness initiatives Target to harness 50% of Signatory of the UN WEP Health checkups, Stress Drinking water stations and energy needs through Educational donations at Recycling, reusing and management, Holistic toilets for girls renewables by 2025 Orphanage homes, Visually Support for women reducing EoL tyres, plastics wellness, Yoga, Dance impaired and special needs entrepreneurs and converting into sessions, Power nap at HO, Water coolers at plants Way ahead with solar children school sustainable materials Birthday celebrations energy as a sustainable Creating appropriate through multiple verticals Zero Liquid Discharge solution Mobile Education Vans infrastructure and Healthcare support Operations environment for women Responsible packaging - Investments in wind Internship opportunities for workers Reduction in Wooden pallet Outdoor workforce safety, Installation of Effluent solutions students consumption Fire safety Treatment Plants and POSH awareness sessions Multiple Effect Evaporator Greener technologies and Encouraging employees in Replaced diesel forklifts Substance abuse systems to enhance energy sources such as pursuit of higher education Celebration of men’s and with electric forklifts awareness wastewater treatment Biofuel systems to reduce women’s day carbon emissions Community contribution www.grpweb.com 30 CSR - Leading Positive Initiatives For A Better Future At GRP, CSR contributes to shaping the ‘How’ and the ‘Why’ of almost every activity we undertake. Over the years, we are happy to have played a role in giving back to the community through our products as well as our CSR activities. We are grateful to have witnessed the positive impact of our efforts; in making a long-lasting difference to the people of India and the world at large • Vocational training aimed at • Primary healthcare centres • Mobile vans for elementary • Girl child education upto University employability education • Mobile healthcare projects • Supporting groups for women • Supporting initiatives around Yoga, • Vocational training for adult empowerment meditation and self-help • Healthcare through awareness education programs • Building toilets for better women • Awareness programs for clean • Merit based scholarship to support hygiene living/housing facilities • Blood donation camps University Education • Rewards to women leaders who • Awareness programs on hygiene, • Sponsorship for Dialysis center • Strengthen / support existing created positive change in villages safe water institutes engaged in providing primary, secondary and higher-level • Encouraging plantation of trees education through self help groups of women www.grpweb.com 31 Key Rights to Win: Strategic Advantages for Market Leadership GRP has built a reputable recycling brand which is trusted by leading brand owners globally Trusted Global Recycling Brand in Reclaim Rubber Partnerships with leading Developed long-standing relationships with brand-owners leading brand-owners in India and globally Superior product portfolio combined with Superior Product Capabilities enhanced capabilities and wider applications Establish an integrated recycling platform Experience of building an expansive vendor Expansive Vendor Base base from scratch over the past 5 decades Industry pioneers with a track record to Execution-focused execute complex greenfield projects Management successfully Eco-friendly manufacturing practices Process Knowhow and developed in-house supported by global Technology technologies www.grpweb.com 33 Future Growth Pillars For The Business Across The Value Chain To Drive Profitability GRP has established a reputable and scalable platform which can be leveraged to achieve the next level of growth 1 ▪ Leading companies globally have committed to achieve high sustainability targets in the near Demand for sustainability future, which shall significantly drive need for sustainable materials Government focus on ▪ Governments globally and in India have introduced various regulations in order to achieve Consistent growth in existing Strong growth in sustainability sustainability, placing high emphasis on supplier selection business existing business with deeper ▪ Ability to partner with leading global peers to further enhance technology and maintain leadership market R&D Capability profile penetration ▪ Set to launch a new low cost and high margin reclaim product developed in-house 2 EPR ▪ Additional revenue stream for companies like GRP without further investment guidelines in India ▪ Since GRP mainly sources domestically through its extensive supplier network, liability to buy credits for imported EOL tires is minimal At the right inflection point to scale up through additional capital adjacencies 3 ▪ In process of setting up a greenfield project for Crumb and downstream solutions, adjacent to the reclaim rubber unit Opportunities in value chain ▪ Significant revenue potential coupled with inter-unit synergy benefits ▪ Identification/development of technologies for value chain opportunity Potential 4 Technology ▪ Prudent capital expansion through new technologies for developing enhanced reclaim rubber solutions incremental led expansion ▪ Successful track record of setting up and operationalizing greenfield facilities growth 5 Potential adjacencies ▪ Well positioned to capitalize on extensive customer relationships and experience across the reclaim rubber value chain www.grpweb.com 34 Capitalizing on EPR Guidelines: Opportunities for Leading Tire Recycling Companies like GRP Recent government guidelines for implementation of EPR in the domestic market shall further boost the need for rubber recycling in India and open up a new revenue stream for players like GRP EPR Recycling Targets (Q ) Weightage Allocated (W ) Conversion Factor (C ) P P F Waste tire recycling targets for new tires imported / manufactured in Year minus 2 Reclaim Rubber 1.30 1.30 ▪ Tire manufacturers and importers are required to Year 1 recycle 100% of the 35% (FY23) quantity of new Recovered Carbon Black 1.25 3.68 manufactured or imported tires after 2025 2x ▪ Alternatively, they need to Crumb Rubber Modified 1.10 0.20 acquire EPR certificates of Bitumen Quantity eligible for equivalent quantity of tires generation of EPR Year 2 manufactured or imported 70% certificate (FY24) Q = Q *W *C ▪ These certificates shall be Crumb Rubber 1.00 1.33 EPR p P F generated on portal set-up by the CPCB ▪ EPR certificates shall be Pyrolysis Oil1 and Char: 0.80 1.49 earned by recyclers based Continuous Method Year 3 on the quantity recycled Onwards 100% (FY25) Pyrolysis Oil and Char: 0.50 1.49 Batch Method www.grpweb.com Source: Government of India 35 EPR In Plastic Packaging Overview: Producer (Category - 1 Only) The Government guidelines which mandate rigid plastic packaging producers to recycle and incorporate recycled content in their products shall drive the demand for recycled polypropylene FY29 FY22 FY23 FY24 FY25 FY26 FY27 FY28 onwards 25% 70% 100% ▪ Quantity eligible for EPR target is calculated as Q1 = A + B - C EPR Target (detailed computation below) 50% 60% 70% 80% Minimum ▪ Calculated as a % of EPR target Recycling ▪ Producers shall ensure minimum level of recycling (excl. EOL disposal) of plastic packaging waste collected under EPR Obligation r e c u 30% 40% 50% 60% Recycled ▪ Calculated as a % of plastic manufactured for the year d ▪ Producers shall ensure use of recycled plastic content in their products o Plastic r ▪ If producers are unable do so, CPCB will grant them an exemption to purchase P Usage certificates from other producers, brand-owners and importers Quantity Eligible for EPR Q1 A B C ▪ Annual quantity supplied to entities such ▪ Average quantity of pre-consumer ▪ Average weight of plastic packaging as brand owners including plastic packaging waste in the last 2 material sold in the last 2 financial years supermarkets, MSMEs, online platforms, financial years etc. www.grpweb.com Source: Government of India Notes: All of the obligations only pertain to category 1: rigid plastic packaging 36 Historical Consolidated Financial Performance Total Income EBITDA Profit After Tax (Rs. in Mn) (Rs. in Mn) (Rs. in Mn) 5,518 694 307 5,353 4,605 4,630 523 226 3,896 429 343 139 244 58 46 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26* www.grpweb.com Note: EBITDA Includes Other Income *FY26 – Adjusted for Labour Code Impact 37 Key Consolidated Financial Ratios Return on Capital Employed (%) Return on Equity (%) Return on Asset (%) Networth (Rs In Mn) EBIT/ (Debt + Equity) Net Profit / Networth Net Profit / Total Assets 16% 16% 7% 1,916 14% 14% 7% 1,667 1,784 1,474 1,362 5% 9% 9% 6% 5% 4% 2% 3% 1% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Current Ratio Fixed Assets Turnover Interest Cover Ratio Dividend Payout (INR Rupees) Current Assets / Current Liabilities Sales / Fixed Assets EBIT /Interest Dividend payout as percentage of PAT 20.83% 16.25% 22.09% 25.18% 57.95% 1.6 4.8 5.5 37.50 1.5 5.1 1.3 1.2 1.2 3.6 3.2 3.3 3.4 2.5 2.6 17.00 14.50 1.6 9.00 3.50 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 www.grpweb.com Note: Fixed Asset Turnover – Sales = Revenue from operations FY26: Considered Adjusted PAT on account of impact of labour code 38 THANK YOU! Company : Investor Relations Advisors : CIN: L25191GJ1974PLC002555 CIN: U74140MH2010PTC204285 Ms. Shilpa Mehta Mr. Abhishek Shah / Mr. Bhavik Mori Chief Financial Officer abhishek.shah@sgapl.net / bhavik.mori@sgapl.net investor.relations@grpweb.com +91 99306 51660 / +91 63047 98978 www.grpweb.com www.sgapl.net Linkedin icon Instagram icon Twitter icon Follow us on our social media handles