Analysts/Institutional Investor Meet/Con. Call Updates

ANANDRATHI Private Wealth. uncomplicated Ref No:70/2026-27 Date:16th October, 2026 The Manager, The Manager, Listing Department, Listing Department, The National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, 5th Floor, Plot C/1, G Block, Phiroze Jeejeebhoy Tower, Bandra - Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400 001. Mumbai - 400 051. Tel No.: 2659 8235 Tel no.: 22721233 Fax No.: 26598237/ 26598238 Fax No.: 22723719/ 22723121/ 22722037 Trading Symbol: ANANDRATHI Scrip Code: 543415 Dear Sir/Madam, Subject: Q2 & H1 FY27 Earnings Conference Call Transcript We are enclosing herewith copy of the transcript of the Company’s Q2 & H1 FY27 earnings conference call dated 12th October, 2026. The transcript is also available on the Company’s website at https://www.anandrathiwealth.in/financial . This is for your information and record. Thanking You, Yours faithfully, For Anand Rathi Wealth Limited Pravin Jogani Company Secretary and Compliance Officer M. No. A25413 Enclosed: as above ANAND RATHI VVEALTH LIMITED (Formerly kno Pw rn iv a as te A Wna en ad lt hR .: a uth ni c V oV me pat lt ih c aS te edrv ices Limited) Registered Office : Floor No_ 2, Block B & C, E-VVing, Trade Link, Kamala Mills Compound, Senapati Ba pat Marg, AMFI-Registered Mutual Fund Distributor Lower Parel, Mumbai - 400 013, I Board Line No.: 022 69815400 I \Nebsite: www.anandrathiweatth.in CIN No.: LG7120MH199SPLC086696 ANANDRATHI Private Wealth. uncomplicated Anand Rathi Wealth Limited Q2 and H1 FY27 Earnings Conference Call October 12, 2026 MANAGEMENT: MR. FEROZE AZEEZ – JOINT CHIEF EXECUTIVE OFFICER MR. RAJESH BHUTARA – CHIEF FINANCIAL OFFICER MR. VISHAL SANGHAVI – HEAD OF INVESTOR RELATIONS Page 1 of 19 ANANDRATHI Anand Rathi Wealth Limited Private Wealth. uncomplicated October 12, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q2 and H1 FY27 Earnings Conference Call of Anand Rathi Wealth Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Feroze Azeez, Joint CEO of Anand Rathi Wealth Limited. Thank you, and over to you, Mr. Feroze. Feroze Azeez: Thank you so much. Good afternoon and thank you everyone for joining the earnings conference call for the quarter and half year ended 30th September 2026. Today on this call we have with us the CFO - Mr. Rajesh Bhutara; our Head of Investor Relations - Mr. Vishal Sanghavi. Jugal Mantri is in Europe holidaying, so we don't have him on the call today. And this is the first quarter call I'm doing without him, so I miss him on this call. Yes, so I'm very pleased to share that we have delivered another quarter of consistent and fortunately market agnostic performance, despite the challenging environment. This is our 20th quarter results since we got listed in December 2021, and in every quarter since listing, with God's grace, the PAT growth Y-o-Y has been greater than 20%. Excluding the impact of non-business-related items, fair value gains, and ESOP expenses, and related tax effects, Profit After tax, for the first half year of FY27, the PAT grew by -- sorry, after-tax PAT grew by about 23% year-on-year to INR 238 crores, while revenue increased 17% year-on-year to INR 693 crores. Similar for the Q2 FY27, we reported a consolidated profit, net profit of INR 122 crores, registering a year-on-year growth of 22%. Total revenue during this period rose by about 16% to INR 357 crores. In the first half year of FY27, the company has delivered 49% of the full-year revenue guidance, which stands at INR 1,415 crores. So, 49% penetration on the guidance of revenue, and 52% penetration on the PAT guidance, 48% more to go of the 460 guided. Continuing our policy of rewarding shareholders, the Board of Directors have declared an interim dividend of INR 4 per share, and after a bonus, so INR 4 per share of the new 16-odd crores shares which are outstanding. In the first 6 months, we have achieved 52% of the PAT guidance of 460. I think that's already mentioned. We've achieved three important milestones in this quarter, which have gone by. The highest net flow ever in the history of Anand Rathi Wealth of the last 20 years happened in this quarter, which went by, and we collected new fresh moneys of INR 4,186 crores, which is up 39% from the last year's number, corresponding number, of FY26 quarter ending September. So, INR4,186 crores of net mobilization or new moneys with our clients' gratefulness, and when the clients realize that this portfolio during bad times can hold up, bad times clients have shared more moneys with us. Second, we recorded our highest ever quarterly equity mutual fund net flow, again, in the last 20 years we have not been able to achieve that, and with your support and client support, we have achieved INR 2,867 crores, up 39%. It's easy to say buy equities low and sell high, and Page 2 of 19 ANANDRATHI Anand Rathi Wealth Limited Private Wealth. uncomplicated October 12, 2026 clients pragmatically have bought more equity, which shows up in IRRs over long periods of time. Courage translates into IRRs, but not in the short term, in few years. So, I'm very happy to note that our clients, unlike the mutual fund industry, has not delivered the best net mobilizations in the first half year. SIPs, of course, have been robust; lump sum, lump sums have been low. In that half year and the last quarter, we have had a 39% increase in equity mutual fund purchase. Third, we recorded our highest ever monthly client acquisition in the month of September, which will not be apparent in the result because I'm speaking about September. With God's grace, and clients, when they see their portfolios doing relatively better, of course, sadly not the best times, they start referring their friends who are troubled with what has happened in their portfolios with aggressive strategies. In our flagship business of private wealth, during the last 12 months, we have added 1,500 new client families on the net basis, bringing our total client families to 14,309. Client attrition rate in terms of AUM lost remained low, 0.17% for Q2 FY27, and 0.26% for half year FY27. Of course, these are second decimal numbers, but Yes, we would ideally want every client family who trusts us with their hard-earned life savings to be satisfied. Regret RM attrition continued to remain low, two RMs whom we considered regret mathematically, of which one I might want to not call. Mathematically I can't call that person a non-regret, I would say one regret attrition we've had in H1 FY27. Digital wealth business, which is B2B2C business, registered an AUM growth of 14% year-on- year and reached INR 2,531 crores, and the number of clients increased 15% to 7,584. OFA business, Omni Financial Advisor business, which is a SaaS platform, has close to about 6,898 subscribers with a platform assets of about INR1.66 crores at the end of September 2026. Must be remembered these are just platform assets which we report. Also, last quarter we started operations in London, UK, and we have received requisite regulatory approvals to commence operations in GIFT City, India. That's where I stop and hand over the mic back to the moderator. Moderator: Thank you very much. We will now begin the question-and-answer session. First question is from the line of Prayesh Jain from Motilal Oswal Financial Services Limited. Please go ahead. Prayesh Jain: Yes, hi. Good afternoon, everyone. Sir, just a few questions. Firstly, a broader one. If I have to think about, say, your top 100 customers, roughly in your estimate, what would be the wallet share that Anand Rathi Wealth would have for them? Feroze Azeez: Firstly, yes, my top 100 clients, I don't have to think of them because I think of th [Showing first 8,000 characters — download PDF for full document]