Belding India Limited · BSE:BELDING
Belding India — Q2 FY27 Earnings Presentation
45 slides from Belding India's earnings presentation, Nov 4, 2026
Slide 1: Exchange intimation letter - Investor Presentation
November 04, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, Block G, Bandra Kurla Dalal Street, Mumbai- 400001. Complex (E), Mumbai- 400051. Scrip Code: 513307 Symbol: BELDING Sub.: Investor Presentation Dear Sir/Ma’am, Pursuant to
Slide 2: Investor Presentation
Investor Presentation Engineering India’s Digital, Energy and Security Infrastructure November 2026
Slide 3: Table of Contents
Table of Contents 01. Company Overview 04. Our Businesses & Market Opportunity 02. Recent Business Updates 05. ESG & Stakeholder Engagement: 03. Manufacturing Infrastructure & Capabilities 2
Slide 4: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides, which have been prepared by Belding India 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 sh
Slide 5: Building a Self-Reliant Infrastructure Platform for India's Next Growth Phase
Building a Self-Reliant Infrastructure Platform for India’s Next Growth Phase India’s digital infrastructure landscape is entering a transformative phase, driven by rapid digitalisation, cloud adoption, artificial intelligence, and the exponential growth in data consumption. Data Centres are becomin
Slide 6: Company Overview
01 Company Overview 5
Slide 7: Five Capability Platforms. One Integrated Belding Ecosystem.
Five Capability Platforms. One Integrated Belding Ecosystem. Five specialised capability platforms connected through a common engineering and manufacturing backbone Integrated engineering, precision manufacturing, system integration, testing and turnkey execution core EDGE DATA BATTERY & ENGINEERING
Slide 8: Belding is positioned to scale
Belding is positioned to scale Installed capabilities, an integrated operating model and exposure to high-growth infrastructure markets One integrated Belding platform across Energy, Digital & Security Infrastructure A common engineering and manufacturing backbone monetized across energy, digital an
Slide 9: Belding India: An Integrated Infrastructure Manufacturing Platform
Belding India: An Integrated Infrastructure Manufacturing Platform Installed infrastructure, manufacturing depth & execution capabilities supporting scale across energy, digital & security solutions Capacity build to deliver 3 GWh- expandable up to 10 GWh One of the Automated BESS assembly line Larg
Slide 10: The Growth Inflection — FY26 to FY27
The Growth Inflection — FY26 to FY27 Infrastructure Built, Capabilities Proven, Conversion Underway FY26 Q1 FY27 Q2 FY27 Q3 FY27 & Beyond Foundation Capability proven Conversion begins The Inflection Infrastructure built; Strong inbound interest, prototyping Order book building Revenue starts scalin
Slide 11: Leadership Driving Strategy and Execution
Leadership Driving Strategy and Execution Combining strategic vision, technology expertise and financial stewardship to scale the business Mr. Umesh Kumar Sahay Mr. Abhishek Narbaria Mr. Nikhil Dilipbhai Bhuta Chairperson & Founder Co-founder & Managing Director Director Mr. Umesh Kumar Sahay, a vis
Slide 12: Independent Oversight Supporting Governance and Long-Term Growth
Independent Oversight Supporting Governance and Long-Term Growth Bringing independent expertise across finance, risk, governance and strategic decision-making Ms. Gayathri Srinivasan Iyer Mr. Tarun Dinesh Agarwal Mr. Rajesh Chandrakant Vaishnav Independent Director Independent Director Independent D
Slide 13: Recent Business Updates Demonstrating Market Recognition and Product Progress
02 Recent Business Updates Demonstrating Market Recognition and Product Progress 12
Slide 14: IESW Coverage
IESW Coverage Industry Recognition Strengthens Belding’s Position as an Emerging BESS OEM Recognizing its innovation and industry leadership, Belding India Limited was awarded with the Emerging BESS OEM Recognition at the 9th IESA Industry Excellence Awards. Mr. Umesh Sahay accepted the honor on beh
Slide 15: Hybrid BESS Launch
Hybrid BESS Launch Expands the Energy-Storage Product Portfolio “The launch of Hybrid BESS marks a significant milestone in the company's energy storage journey and reinforces its commitment to delivering sustainable, and innovative energy solutions that reduce dependence on conventional energy back
Slide 16: Market Access and Commercial Execution (1/2)
Market Access and Commercial Execution (1/2) Strategic Developments Strengthening Belding’s Route to Market Manufacturing Strength Market Expansion CAPABILITY EXPANSION OEM / ODM Platform Strategic Market Positioning Evolve acquisition Design • Product Development • Product Integration EDGE Data Cen
Slide 17: Market Access and Commercial Execution (2/2)
Market Access and Commercial Execution (2/2) Q2FY27 - Order book building and revenue recognition commenced Prestigious Clientele 16
Slide 18: Global Manufacturing Infrastructure & Capabilities
03 Global Manufacturing Infrastructure & Capabilities 17
Slide 19: A Record-Breaking 11-Month Journey
A Record-Breaking 11-Month Journey From Greenfield Site to an Operational Integrated Facility in 11 Months Month 2 - 5 Month 7 - 10 Site Preparation Equipped and Integrated Complex terrain transformed into a Critical utilities and renewable-energy construction-ready platform systems installed 64,000
Slide 20: A State-of-the-Art Manufacturing Facility
A State-of-the-Art Manufacturing Facility Modern manufacturing infrastructure built to support precision, quality and scalable execution 02 01 Floor View 03 Operational Floors Admin Building 19
Slide 21: 3 GWh BESS Assembly Capacity
3 GWh BESS Assembly Capacity Anchoring an integrated energy-storage platform BESS Assembly Line 01 Robotic Automation Solar Infrastructure BESS 20
Slide 22: Advanced Engineering, Finishing and Testing Under One Roof
Advanced Engineering, Finishing and Testing Under One Roof Advanced CNC capabilities supporting precision, repeatability and scalable production CNC Fiber Laser CNC Turret Punching Machine CNC Press Break Machine TruBend Trumpf TruPunch 1000 1100 High-accuracy bending of small and Precision laser cu
Slide 23: Advanced Fabrication, Finishing and Testing Under One Roof
Advanced Fabrication, Finishing and Testing Under One Roof End-to-end surface preparation, protective finishing and testing for durable engineered solutions IP Paint Booth & Shot Blasting with Motorised Trolly Testing Surface Treatment & Testing Facilities Tests enclosure integrity for dust resistan
Slide 24: Our Businesses & Market Opportunities
04 Our Businesses & Market Opportunities Five Capability Platforms Addressing High-Growth Infrastructure Markets 23
Slide 25: Digital infrastructure | Edge Data centres
Digital infrastructure | Edge Data centres Modular Data Centres Engineered for Faster, Localised Deployment Prefab and containerised edge Turnkey EPC solutions driven by Make in data-centre product India excellence Engineering & manufacturing core — Delivering Advanced Infrastructure Through Enginee
Slide 26: Prefab and Edge Data-Centre Solutions
Prefab and Edge Data-Centre Solutions Modular infrastructure for diverse capacity requirements Prefab Data Centre Containerized EDC 25
Slide 27: India's Digital Build-Out Expands the Full Data-Centre Value Chain
India’s Digital Build-Out Expands the Full Data-Centre Value Chain Rapid capacity expansion, competitive development costs & structural digital demand position India as a global data-centre hub Full-chain opportunity: EPC | electrical | cooling | networking | power | security | FM #6 1,900 MW USD 90
Slide 28: Energy infrastructure | BESS
Energy infrastructure | BESS End-to-End BESS Capability: From Integration to Turnkey Deployment Silent, reliable and deployable energy storage that works everywhere. Full in-house OEM manufacturing, from cell integration to containerised deployment, supported by a 3 GWh automated line; only battery
Slide 29: From Components to Complete BESS Systems
From Components to Complete BESS Systems A visual portfolio of configurable energy-storage solutions 02 01 01 Component Battery Module 02 Battery System Modular BESS 03 04 03 Hybrid Solution Integrated enclosure 04 Container Platform Grid-ready format 28
Slide 30: India BESS Market: Storage Transition Creates a Multi-Year Opportunity
India BESS Market: India’s Storage Transition Creates a Multi-Year Opportunity Renewable growth, sovereign incentives & falling lithium-ion costs are closing the grid-balancing gap. USD 8.6bn 33.2% By Battery Type India market by 2031 2026-31 CAGR Lithium-ion dominance anchors the grid-scale shift I
Slide 31: Metafin: The Precision-Manufacturing Backbone of the Belding Platform
Metafin: The Precision-Manufacturing Backbone of the Belding Platform Engineered metal solutions enabling next-generation infrastructure 500+ 15+ 7+ Years of Manufacturing Countries with Kiosks Delivered Excellence installations Product Portfolio AI & Data Center 1 High-density racks, enclosures, OD
Slide 32: Precision Engineering
Precision Engineering Engineered Metal Solutions Across Digital, Energy and Security Solutions 01 02 04 LT Panel 03 Airport Kiosk IT, Server & Networking Racks Telecom Cabinets 31
Slide 33: India's Manufacturing and Infrastructure Expansion Supports Fabrication Demand
India’s Manufacturing and Infrastructure Expansion Supports Fabrication Demand Market Size, Segmentation & Growth Outlook, 2026–2031 India Market Size Regional Snapshot (2025) $8.03B $8.51B $11.56B ▪ Western India (Maharashtra, Gujarat, Goa) leads with ~32.88% revenue share — mill proximity, EPC yar
Slide 34: Strategic Defence infrastructure
Strategic Defence infrastructure Mission-ready infrastructure and technology solutions for strategic applications DEFENCE PLATFORM An integrated platform combining edge data centres, ruggedised BESS, private 5G connectivity emerging UAS capability, energy resilience and secure connectivity. Edge Dat
Slide 35: Mission-Ready Systems Built for Rapid Deployment
Mission-Ready Systems Built for Rapid Deployment Integrated aerial platforms and ruggedised infrastructure for field operations AERIAL PLATFORMS RUGGED INFRASTRUCTURE Rapidly deployable unmanned systems for surveillance, intelligence and mission Field-ready command, computing and data infrastructure
Slide 36: Defence Industry outlook
Slide for DC&T Defence Industry outlook Market Size, Segmentation & Growth Outlook, 2026–2031 ₹2.19 lakh cr ₹1.78 lakh cr ₹38,424 cr $1.9 bn +21.8% YoY +15.6% YoY +62.7% YoY Military drone market by 13.8% CAGR FY27 capital outlay FY26 defence production FY26 defence exports 2034 Scale-up in domestic
Slide 37: Indigenous Security-Screening Technology for Critical Infrastructure
Indigenous Security-Screening Technology for Critical Infrastructure Integrated screening and inspection solutions for airports, transportation, defence, borders and industrial facilities Redefining X-Ray Screening Through Indigenous Engineering Indigenous manufacturing of advanced security screenin
Slide 38: A Comprehensive Inspection Portfolio
A Comprehensive Inspection Portfolio Integrated X-ray screening systems across fixed, mobile and specialised applications BAGGAGE BAGGAGE DENTAL 3D Isometric X-Ray Baggage Scanners Single View X-Ray Baggage Scanners Dental X-Ray Systems (OraDect) VEHICLE BAGGAGE VEHICLE Vehicle-Mounted X-Ray Scanner
Slide 39: India's Infrastructure Build-out Expands Security-Technology
India's Infrastructure Build-out Expands Security-Technology Large addressable markets supported by airport expansion, transport security and localisation BAGGAGE Baggage Scanner Market INDIA DEMAND DRIVERS Global outlook, 2025–2035 • Airport expansion is driving new scanner procurement. $2.4B $4.6B
Slide 40: ESG & Stakeholder Engagement: Responsible Growth Embedded in Belding's Operating Model
05 ESG & Stakeholder Engagement: Responsible Growth Embedded in Belding’s Operating Model 39
Slide 41: ESG in Action
ESG in Action: Renewable Operations, Workforce Development and Governance in Action E ENVIRONMENT S SOCIAL 2 MW 150+ Captive solar capacity with People employed at the Khed on-site BESS RESPONSIBLE facility & RESILIENT GROWTH Zero Liquid Discharge Workforce development aligned with Water-treatment a
Slide 42: Technology Ecosystem
Technology Ecosystem Global Technology and Component Partnerships Strengthen Execution Capability Belding India's products and integrated solutions are supported by a network of globally recognised technology and component partners. 41
Slide 43: Stakeholder Engagement
Stakeholder Engagement Deepening Market Visibility Across Energy and Infrastructure Ecosystems 42
Slide 44: Stakeholder Engagement
Stakeholder Engagement Building Relationships Across Customers, Partners and Industry Stakeholders 43
Slide 45: Thank You
Engineering India’s Infrastructure Future Thank You For any query, you can reach out to us at: Investor Relations Advisory Belding India Limited Sumedh Desai : HO: 9th Floor, VB Capitol, Range Hill sumedh.desai@in.ey.com Rd, Opp. Symphony, Bhosalenagar, Shivajinagar.Pune, Maharashtra – Vikash Verma