Analysts/Institutional Investor Meet/Con. Call Updates

USFB/CS/SE/2026-27/110 Date: October 22, 2026 National Stock Exchange of India Limited BSELimited Listing Department Listing Compliance Exchange Plaza, C-1, Block G, Bandra Kurla Complex, P.J. Tower, Bandra (E) Dalal Street, Fort, Mumbai – 400 051 Mumbai – 400 001 Symbol:UJJIVANSFB Scrip Code:542904 Dear Sir/Madam, Sub: Transcript of the Quarterly Earnings Call held on October 16, 2026 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Transcript of the earnings/quarterly conference call held on October 16, 2026 for the quarter and half-year ended September 30, 2026 is enclosed herewith. The same shall be available on the Bank’s website at www.ujjivansfb.bank.in. We request you to take note of the above. Thanking You, Yours faithfully, For UJJIVAN SMALL FINANCE BANK LIMITED Sanjeev Barnwal Company Secretary & Head of Regulatory Framework Encl: as mentioned above “Ujjivan Small Finance Bank Limited Q2 and H1 FY27 Earnings Conference Call” October 16, 2026 MANAGEMENT: MS.CAROL FURTADO –WHOLE-TIME DIRECTOR AND INTERIM CHIEF EXECUTIVE OFFICER MR.BALAKRISHNA KAMATH –CHIEF FINANCIAL OFFICER MR.ASHISH GOEL –CHIEF CREDIT OFFICER MR.VIBHAS CHANDRA –HEAD,MICRO BANKING AND GOLD LOAN MR.HITENDRA JHA –HEAD,RETAIL LIABILITIES,TRUST, ASSOCIATION,SOCIETY AND CLUB (TASC) AND THIRD- PARTY PRODUCT (TPP) MR.PRADEEP B.–HEAD,HOUSING AND MICRO- MORTGAGE MR.MARTIN PS–CHIEF OPERATING OFFICER MR.BRAJESH CHERIAN –CHIEF RISK OFFICER MR.SIDDHARTH BHARADWAJ –HEAD,INVESTOR RELATIONS MR.GAURAV SAH –LEAD INVESTOR RELATIONS MODERATOR: MR.RENISH BHUVA –ICICISECURITIES LIMITED Page 1 of 16 Ujjivan Small Finance Bank Limited October 16, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Ujjivan Small Finance Bank Limited Q2 and H1 FY27 Earnings Conference Call, hosted by ICICI Securities 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 touch-tone phone. I now hand the conference over to Mr. Renish Bhuva from ICICI Securities Limited. Thank you, and over to you, sir. Renish Bhuva: Thank you, Rutuja. Hi. Good evening, everyone, and welcome to Ujjivan Small Finance Bank Q2 FY27 Earnings Call. On behalf of ICICI Securities, I would like to thank Ujjivan SFB management team for giving us the opportunity to host this call. Today, we have with us the entire top management team of Ujjivan represented by Ms. Carol Furtado, Whole-Time Director and Interim CEO; Mr. Balakrishna Kamath, CFO; Mr. Ashish Goel, Chief Credit Officer; Mr. Vibhas, Head, Micro Banking; Mr. Hitendra Jha, Head, Retail Liabilities, TASC and Third-Party Product; Mr. Pradeep, Head, Housing and Micro-Mortgage; Mr. Martin, Chief Operating Officer; Mr. Brajesh, Chief Risk Officer; Mr. Siddharth, Head, Investor Relations; and Mr. Gaurav Sah, Lead Investor Relations. I will now hand over the call to Carol ma'am for opening remarks, and then we'll open the floor for Q&A. Over to you, ma'am. Carol Furtado: Thank you, Renish. Good evening, and thank you all for joining us to discuss Ujjivan Small Finance Bank's Q2 FY27 Earnings Call. Please note, I will be referring to year-on-year comparisons with Q2 FY26 and quarter-on-quarter with Q1 FY27. I would like to start with a few important developments before delving into the quarter. Post our MD, Mr. Sanjeev Nautiyal's decision to take an early retirement due to health reasons, the NRC is actively engaged to ensure timely submission of the MD candidate to the regulator. Our growth in H1 FY27 has been built on strategic capacity creation and product evolution. This is matched with pristine asset quality outcomes. We remain well positioned with regards to people, technology, systems, and risk management to continue this growth momentum. Within the shareholders approved resolution at the AGM, we propose to raise equity capital of INR409 crores from QIBs by issuing shares on a preferential basis to marquee investors, International Finance Corporation, Bajaj Life Insurance, HDFC Life Insurance, and Aditya Birla Sun Life Insurance, subject to shareholder approval. Holding the RWA constant at September '26, the proposed capital raise would increase CRAR by approximately 1.2% from 20.69% on a pro forma basis. Since fundraise is being done at a premium to current BVPS, it will lead to accretion of INR0.8 per share as of September '26. We remain nimble to the evolving needs of the bank. Thus, as Page 2 of 16 Ujjivan Small Finance Bank Limited October 16, 2026 shared, we have enhanced our funding mix by increasing the securitization pool by INR500 crores in October month. This will be NIM accretive and P&L neutral. Now coming to the operating environment. India's GDP, gross capital formation and high- frequency indicators remain healthy and appear resilient to external shocks. Renewed conflict in the Middle East and increased volatility in global energy and freight prices are adding to inflationary pressures. In its latest MPC statement, the RBI raised its FY27 GDP growth forecast to 7.1%, while the committee increased the repo rate by 25 bps and shifted to calibrated tightening. A deficient Southwest monsoon and strong El Nino conditions pose risk to rural demand, while urban demand remained stable. Q2 of FY27 has demonstrated another quarter of strong growth anchored on well-rounded credit growth and stable margins. Along guided lines, in H1 of FY27, we have strengthened our distribution by adding 104 branches and 1,335 employees. We launched a well-curated brand campaign in September '26 with a new brand ambassador, Padma Shri Awardee, Mr. R. Madhavan. Ujjivan today has evolved significantly in terms of its scale, reach and breadth of offerings. The tagline, Nothing Small About Us, reflects the scale of Ujjivan's aspirations, reach and the breadth of financial solutions it offers. This campaign will be run across TV, print, and digital and is expected to reach around 35 crores viewers. Other institutional building spends on digital and technology have been set in motion and will reflect in H2. This quarter marked an important milestone as we crossed INR50,000 crores in deposits. Total deposits increased to INR50,643 crores, up 29.2% year-on-year with CASA at 26%. We continue to add customers and increase volumes across our various deposit offerings. We benefited from the downward repricing of deposits, which helped maintain the cost of funds at around 6.9%. Although no rate hikes were taken in Q2, the increase effective in Q1 would now start showing, and we expect the cost of funds to start moving upwards. In line with our strategy to expand services for depositors, we launched the ASBA facility in Q2. Going forward, we will focus on simplifying transactions, increasing awareness and adoption of newly introduced services and deepening engagement with customers. The gross loan book clocked robust growth and reached INR45,699 crores, up 32.1% year-on-year. This translates to 12.4% YTD growth and are on track to meet the full year guidance. The secured business lines continue to grow faster and now forms 52.1% of the loan book. The unsecured piece consisting of micro banking delivered healthy growth, reaching INR22,037 crores. This portfolio has grown approximately 6% in the first half of FY27 and remains on track to deliver around 12% to 14% for the full year. Some key callouts for the quarter in micro banking. Collection efficiency remains strong with Bucket X collection efficiency at 99.7%, in line with Q1 outcome. New customer acquisition Page 3 of 16 Ujjivan Small Finance Bank Limited October 16, 2026 increased sequentially with an addition of 2 lakh customers in Q2. Despite usual weather disruptions in July, August, September, we have delivered on healthy disb [Showing first 8,000 characters — download PDF for full document]