Letter to shareholders

infoedge Date: June 22, 2026 1. The Manager- Listing National Stock Exchange of India Limited (Scrip Symbol: NAUKRI) 2. The Manager- Listing BSE Limited (Scrip Code: 532777) Dear Sir/Madam, Sub: Letter to shareholders Please find attached a letter to the shareholders of the Company (Annexure A), providing an update on investments in startups in the Artificial Intelligence (AI), Deeptech and Consumer Technology sectors made by the Company and through its AIFs, and setting out the investment management team’s perspective on the investment journey, progress made and investment outlook. The aforesaid letter is also being made available on the Company’s website at www.infoedge.in. This is for your information and records. Thanking You. Yours faithfully, For Info Edge (India) Limited Jaya Bhatia Company Secretary & Compliance Officer Encl.: A/a Q naukri Q naukrigulf 99acres Jeevansathi.com ~f shiksha INFO EDGE (IN DIA) LIMITED Corporate Office: B-8, Sector - 132, Noida - 201304, Tel.: 0120 - 3082000, Fax: 0120-3082095 Email: investors@naukri.com URL: http://www.infoedge.in CIN: L74899DL1995PLC068021 Regd. Office: Ground Floor, 12A, 94, Meghdoot, Nehru Place, New Delhi-110019 Annexure-A INFO EDGE (INDIA) LIMITED Letter to Shareholders AI, Deeptech and Consumer Technology Portfolio Update • Info Edge has invested INR 1,003 Cr. in 54 AI and Deeptech startups since 2020 - many of these investments were made before the global AI investment wave, with entry points early in the lifecycle of the companies • We have backed innovation across a wide variety of areas - enterprise AI, robotics, semiconductors, spacetech, biotech, electric mobility amongst others • The AI portfolio: Till date Info Edge has invested INR 614 Cr. across 28 AI startups, which is now valued at INR 1,268 Cr., implying a 2.1x multiple and ~31% gross IRR. Of the 28 companies, 15 have raised externally led follow-on rounds from institutional investors such as Insight Partners, Left Lane, Peak XV, SIG and Vertex amongst others • The Deeptech portfolio is younger in maturity since we have primarily backed companies at IP creation and R&D stage. Several of these companies are now showing promise: Info Edge has invested INR 455 Cr. across 30 deeptech companies which is now valued at INR 559 Cr., implying a 1.2x multiple and ~15% gross IRR. Of these 30 companies, 13 have raised externally led rounds from institutional investors and sovereign programmes • Several portfolio companies have been selected by flagship GoI programmes under the IndiaAI mission and the RDI scheme: Voice AI startup Gnani.ai was selected under the IndiaAI Mission and received INR 177 Cr. worth of government GPU compute credits, while deeptech startups ePlane and Manastu Space secured significant R&D allocations under the new RDI scheme- ePlane secured the single largest allocation nationally (INR 285 Cr. of 22 approved proposals) and Manastu Space received INR 115 Cr. The RDI allocations are subject to the companies getting matching capital from investors • Consumer tech continues to remain the biggest part of the Info Edge portfolio: INR 2,755 Cr. has been invested across 45 consumer-tech and consumer-AI startups which is now valued at INR 37,214 Cr., a 13.5x multiple and ~34% gross IRR • Total INR ~4,900 Cr. invested in 135 startups across all sectors. This is now valued at INR ~41,300 Cr, implying a 8.4x multiple and ~33% gross IRR. Out of this, INR ~3,600 Cr. has been invested by Info Edge and its group companies and the balance INR ~1,300 Cr. has been invested by external Limited Partners (LPs) in the Alternative Investment Funds (AIFs) that we manage. The combined gross IRR of the AIFs that we manage is ~22% • We prefer to invest in companies domiciled in India and with Indian founders, irrespective of whether building for India or for the world • We believe future value creation will be driven by three themes predominantly - Artificial Intelligence, Deeptech and Consumer Technology - with AI expected to reshape both startups and established internet businesses. In our view, India is entering a period where globally relevant technology companies will increasingly be built from India, not just for India Note: A few companies are a part of multiple themes (for example, Consumer AI companies are covered under both Consumer Tech and AI themes) Info Edge (India) Limited – Letter to Shareholders, June 2026 | Page 1 of 19 Dear Shareholder, We are grateful for the trust and confidence you have reposed in Info Edge. Shareholders are integral to the Company’s journey, and we deeply value your continued support and guidance. Last year, we wrote to you about our 18-year journey in early stage financial investing in startups – how it began in 2007, how it has unfolded across four distinct phases, and how it today contributes meaningfully to the value of the Company (Letter to shareholders shared on May 06, 2025 attached as Annexure 3). This year, we want to go deeper. Over time it has become evident to us that three themes now constitute a significant majority of our investing activity and, we believe, will define much of the value creation in the decade ahead: Artificial Intelligence, Deeptech and Consumer Technology. This letter is therefore structured as a consolidated update across these three themes, with context and details about our activity in each. Before we dive deeper into these themes, it’s worth highlighting our investing strategy: identify exceptional founders early, invest before consensus forms, and stay invested longer than most others are willing to. We cannot be running a sprint when our founders are running a marathon. We believe India will create globally relevant AI, deeptech and consumer technology companies over the next decade, and our objective is to partner with these companies before the rest of the market notices them. We began investing in AI and deeptech in 2020 - ahead of the broader market wave We made our first investments in these two themes circa 2020, well before AI became the consensus investment it is today. We have since deployed over INR 1,003 Cr. across 54 AI-native and deeptech companies – spanning enterprise AI, consumer AI, robotics, semiconductors, space tech, biotech, and electric mobility – through Redstart Labs (an Info Edge subsidiary), Capital 2B (our deeptech fund) and the three Info Edge Ventures funds. Investing ahead of consensus, at the IP and R&D stage, has given us attractive entry points and close, long-term relationships with founders. AI portfolio: 28 companies, INR 614 Cr. deployed As of March 31, 2026, we have deployed INR 614 Cr. across 28 AI companies. Of the 28 companies, 26 are active while 15 have raised externally led follow-on rounds from institutional investors including Insight Partners, Peak XV, SIG, Vertex and others. Several of these companies are contributing to India’s national technology priorities – such as Gnani.ai which was selected by the IndiaAI Mission to help build sovereign voice AI foundation models and has received INR 177 Cr. of government GPU compute credits while being featured at the IndiaAI Summit 2026. Deeptech portfolio: 30 companies, INR 455 Cr. deployed The deeptech portfolio is younger and was backed almost entirely at the IP creation and R&D stage, usually at TRL 3 or earlier. Of the 30 companies, 26 are active while 13 have raised externally led rounds from global institutional investors and sovereign programmes. Two of these companies received the country’s first RDI Scheme allocations – ePlane secured the single largest allocation nationally (INR 285 Cr. of 22 approved proposals) and Manastu Space received INR 115 Cr. We recognise the need to be patient in deeptech as companies could take a relatively longer time to mature. Info Edge (India) Limited – Letter to Shareholders, June 2026 | Page 2 of 19 These are early days for AI and deeptech, but the numbers are encouraging so far The INR 614 Cr. deployed across our 28 AI companies [Showing first 8,000 characters — download PDF for full document]