Press Release

October 1, 2026 BSE Limited, National Stock Exchange of India Limited, 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001. Mumbai – 400 051. BSE Scrip Code: 544916 NSE Scrip Symbol: MPIMANIPAL Dear Sir/ Ma'am, Sub: Press Release on Earnings Update Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 In continuation of our letter of today’s date on the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, we attach a copy of the Press Release being issued by the Company. Unaudited Financial Results (Standalone and Consolidated) for the first quarter ended June 30, 2026, approved by the Board of Directors and the Press Release thereon are also available on the website of the Company at: https://mpimanipal.com/investor- corner This is for information and records. Thanking you. Yours sincerely, For Manipal Payment and Identity Solutions Limited (formerly known as MCT Cards & Technology Limited) Dattatri Manjunatha Hardur Company Secretary and Compliance Officer Membership No.: F7799 Manipal Payment and Identity Solutions Ltd Q1 FY27 Financial & Business Update Strong Start to Q1 FY27 Revenue up 48% YoY, PAT up 129% YoY Manipal, 1st October 2026: Manipal Payment and Identity Solutions Limited (MPi), a provider of payment, identity, secure and Smart Tagging & IoT solutions, today announced its financial results for the quarter ended June 30, 2026. Key Financial Highlights – Q1 FY27 vs Q1 FY26 (Consolidated) • Revenue from operations stood at Rs. 419.0 crore, higher by 47.8% o Strong performance across domestic and international businesses supported broad- based revenue growth o Growing export traction lifted the contribution of international business to 15.3% of revenue, from 3.9% in Q1 FY26 • Operational EBITDA stood at Rs. 124.2 crore, an increase of 44.1%, with an EBITDA margin of 29.6% o Favourable product mix, with a higher contribution from premium, technology-driven and value-added offerings, aided EBITDA growth o Margins remained stable sequentially, while the YoY moderation primarily reflected pre-operative costs associated with new geographies and facilities. As revenues from these investments ramp up, these costs are expected to be absorbed more efficiently • Profit after tax (PAT) stood at Rs. 77.7 crore, up 129.1% o Operating leverage coupled with lower finance costs bolstered PAT growth o PAT margin improved to 18.3% from 11.6% in Q1 FY26 Commenting on the results, Mr. K Girish Kini, Executive Director & CEO, Manipal Payment and Identity Solutions Ltd., said “We have started FY27 on a strong note, with revenue growth of 48% year-on-year and broad- based performance across our portfolio. The quarter saw healthy traction across product categories, supported by the continued scale-up of our international business and premium offerings, including metal cards. As we begin our journey as a listed company, I would like to thank our shareholders and investors for the trust and confidence they have placed in us. Q1 FY27 Results Release 1 Over the years, we have consistently invested in R&D, technology and product capabilities to address the evolving requirements of our customers across payments, identity and secure solutions. Our technology-led approach, domain expertise and longstanding customer relationships continue to enable us to develop differentiated solutions and pursue opportunities across existing and new markets. As we move forward, we remained focused on deepening customer relationships, expanding our international presence, strengthening our premium and technology-driven offerings, and continuing to invest in innovation and capacity. We believe the differentiated and scalable platform we have built positions us well to participate in the long-term growth of the payments and identity ecosystem while delivering sustainable value for our stakeholders.” Key Operational Developments • Successful IPO and listing mark an important milestone in the Company’s growth journey o Rs. 805 crore IPO, including a Rs. 320 crore fresh issue o Rs. 238 crore earmarked for capex to support capacity expansion across manufacturing and technology infrastructure. • Deepened customer relationships through new programmes and expanded offerings across payment cards, fulfilment, identity and digital automation solutions • Expanded international business through new customer engagements across key geographies • Strengthened premium and differentiated payment-card offerings, led by metal cards and other value-added solutions • Scaled Smart Tagging, RFID and IoT capabilities across identification, authentication and traceability applications • Continued investments in R&D, technology and manufacturing to support innovation and evolving customer requirements – Ends – Q1 FY27 Results Release 2 About Manipal Payment and Identity Solution (MPi): Manipal Payment and Identity Solutions Limited is a provider of payment, identity, secure and Smart Tagging & IoT solutions, serving banks, FinTechs, NBFCs, governments and enterprises across domestic and international markets. Its payment portfolio includes payment cards, NFC/QR solutions, payment-enabled wearables and digital automation, while its identity solutions include driving licences, registration certificates, national identity cards and transit management solutions. Its Smart Tagging & IoT solutions include Tax Stamps, RFID and other tagging and tracking solutions. For updates and specific queries, please visit www.mpimanipal.com or feel free to contact Manipal Payment and Identity Solutions Ltd CDR India Dattatri Manjunatha Hardur Anoop Poojari / Suraj Digawalekar Tel: +91 82022 05000 Ph.: +91 98330 90434 / 98211 94418 Email: investor.relations@mpimanipal.com Email: anoop@cdr-india.com / suraj@cdr-india.com Safe Harbor This document may contain forward-looking statements about Manipal Payment and Identity Solutions Limited, which are based on the beliefs, opinions, and expectations of the company’s management as the date of this Investor release and the companies do not assume any obligation to update their forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements. Q1 FY27 Results Release 3