Please find attached herewith transcript of conference call with Investors held on May 22, 2026

Minda Corporation reported record Q4 FY26 performance with revenue of INR 1,704 crores (29% YoY), EBITDA of INR 203 crores (11.9% margin), and PAT of INR 124 crores. Full year FY26 revenue reached INR 6,185 crores (22.3% growth) with EBITDA of INR 721 crores and PAT of INR 358 crores. The company secured lifetime order book of INR 10,000 crores and announced new JVs with Turntide (EV axial flux motors) and Toyodenso (switches from Q4 FY27). Minda VAST consolidation from FY27 will boost Passenger Vehicle contribution from 14% to 25%. Commodity inflation (30-40% rise in copper, zinc, aluminum) is largely passed through to customers. Management targets INR 17,500 crore revenue with 12.5% EBITDA margin by FY30, implying ~20% annual growth.