Praj Industries Limited has made available the audio recording of its analysts' conference call held on February 13, 2026, which discussed the company's unaudited financial results for the third quarter and nine months ended December 31, 2025. The recording link has been shared through a regulatory filing under SEBI Regulation 30.

Recording Access Details

The company has provided direct access to the complete analysts' call recording through its corporate website. This follows the scheduled conference call that was conducted at 12:00 PM IST on February 13, 2026.

Conference Call Participation

The original earnings call was conducted by the company's senior management team, including Mr. Ashish Gaikwad (Managing Director) and Mr. Sachin Raole (CFO & Director Resources). The call provided investors and analysts with comprehensive insights into the financial performance for the reporting period.

Regulatory Filing

The audio recording availability was communicated through an official letter dated February 13, 2026, signed by Anant Bavare, Company Secretary & Compliance Officer. The communication was sent to both NSE (Company Code: PRAJIND) and BSE (Security Code: 522205) as per listing compliance requirements.

About Praj Industries

Praj Industries is India's most accomplished industrial biotechnology company, driven by innovation, integration and delivery capabilities. Over four decades, the company has focused on environment, energy, and agri-process industry sectors, with over 1000 customer references spanning more than 100 countries across all continents. The company's portfolio includes bio-energy solutions, critical process equipment, breweries, zero liquid discharge systems, and high purity water systems.

Praj Industries has achieved a significant breakthrough in sustainable aviation fuel technology by successfully demonstrating its Ethanol-to-Jet (EtJ) process at its fully integrated Sustainable Aviation Fuel demonstration plant at Praj Matrix, the company's R&D centre. The announcement was made at Wings India 2026 on January 29, 2026, marking a crucial milestone in the global transition to low-carbon aviation fuels.

Technology Demonstration and Partnership

The demonstration utilized Axens Jetanol™ technology, showcasing the successful conversion of bio-ethanol into sustainable aviation fuel. This achievement follows the plant's earlier successful demonstration using bio-isobutanol as feedstock, further strengthening Praj's feedstock-to-SAF technology portfolio versatility.

Axens, a global provider of process technologies for cleaner fuels, has been Praj's strategic partner in advancing SAF through the AtJ route. The collaboration integrates Axens' proven technology with Praj's engineering and project execution capabilities.

Industry Recognition and Global Positioning

The announcement was made by Mr. Maneesh Kumar, Joint Director General, Directorate General of Civil Aviation, in the presence of Mr. Faiz Ahmed Kidwai, Director General, DGCA, as part of a roundtable on SAF chaired by Mr. Samir Kumar Sinha, Secretary, Ministry of Civil Aviation. Representatives from both companies, including Mr. Atul Mulay, President Bioenergy Business from Praj, and Mr. Siddharth Saha, MD Axens India, participated in the announcement.

This breakthrough positions Praj as the first company globally to offer a fully integrated, end-to-end technology and engineering solution for the Alcohol-to-Jet pathway, encompassing both isobutanol and ethanol feedstocks. The technology is validated at demo-plant scale and ready for commercial deployment.

Market Opportunity and Industry Collaboration

According to the International Air Transport Association (IATA)'s Net Zero Roadmaps, global SAF demand will exceed 500 million tonne (600 billion liters). The demonstration supports India's significant SAF production potential, with assessments indicating the AtJ pathway presents the largest SAF opportunity for the country.

The importance of coordinated industry action has been reinforced through a Memorandum of Understanding between Praj Industries, IATA, and the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) to drive SAF certification and adoption in India.

Leadership Perspectives

Dr. Pramod Chaudhari, Founder Chairman of Praj Industries, emphasized the company's commitment to advancing science-led, scalable solutions supporting aviation sector decarbonisation. He highlighted Praj's positioning to support Oil Marketing Companies and ethanol producers through flexible deployment models, including bolt-on solutions and greenfield projects.

Quentin Debuisschert, CEO and Chairman of Axens, noted that the successful demonstration represents an important milestone for the SAF value chain, combining Praj's engineering capabilities with Axens' proven technologies to accelerate reliable and scalable ETJ solutions deployment.

Previous Achievements and Future Outlook

Praj has previously demonstrated real-world SAF deployment in India, supporting the country's first commercial passenger flight powered by SAF-blended aviation turbine fuel. An AirAsia India flight operated from Pune to New Delhi using indigenously produced SAF supplied by Praj Industries in collaboration with Indian Oil.

The demonstration enables conversion of ethanol into drop-in sustainable aviation fuel fully compatible with existing aircraft engines and aviation infrastructure, marking a significant step toward accelerating the global transition to low-carbon aviation. With proven technology, policy momentum, and industry collaboration, this milestone reinforces the pathway toward scalable SAF adoption and cleaner aviation solutions globally.