This is further to the intimations done by the Company on 20th February, 2026,24th February, 2026 and 26th February, 2026 with respect to the Conference Call hosted byKansai Paint Co., Ltd., Japan, Promoter of our Company on Thursday, 26th February, 2026 at4 p.m. (Japan Standard Time) i.e. 12.30 p.m. (Indian Standard Time) to discuss business strategybriefing on India operations. The Conference Call was in the nature of a group call.We are enclosing herewith the transcript of the Conference Call for your information andreference.

Kansai Nerolac's management, along with parent Kansai Paint Japan, hosted a strategy call covering India operations. Management stated that competitive intensity in the decorative paints segment has now stabilized and is no longer increasing, with growth recovery visible since October 2025. The company reaffirmed its mid-term plan target of 200 basis points margin expansion through operational efficiency, premiumization, and tighter SG&A control, while current EBITDA margin holds at ~30%. The industrial segment remains a key focus, where Kansai holds 50%+ market share in automotive, is No. 1 in powder coatings for over two decades, and is aggressively pushing into liquid coatings segments like pre-engineered buildings, railways, coil coating, bridges, and airports. Construction chemicals is highlighted as a 3x growth opportunity, supported by past acquisitions of Nerofix and Perma. Management ruled out divesting the decorative business, calling it a strategic cash cow with six to seven decades of brand strength.