Investor Presentation on the unaudited financial results for the quarter and half year ended September 30, 2026

Date: October 26, 2026 The National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Listing department, Bandra-Kurla Complex, First floor, PJ Towers, Bandra (E), Mumbai 400 051 Dalal Street, Fort Mumbai 400 001 Symbol: FIVESTAR Scrip code: 543663,974905,975246,975598 Sub: Investor Presentation on the unaudited financial results for the quarter and half year ended September 30, 2026. Dear Sir/ Madam In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the Investor Presentation of the Company on the un-audited financial results for the quarter and half year ended September 30, 2026. This Investor Presentation is also available on the website of the Company at https://fivestargroup.in/investor-presentation/. Please note that the Board meeting commenced at 02:00 PM and concluded at 04:20 PM. Kindly take the above information on record. For Five-Star Business Finance Limited Vigneshkumar SM Company Secretary & Compliance Officer Reaching the Unreached Five-Star Business Finance Limited Onwards & Upwards Investor Presentation | Q2FY2027 Safe Harbour This presentation and the accompanying slides (the “Presentation”) which have been prepared by Five-Star Business Finance 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 shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, the Presentation is expressly excluded. This Presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost overruns on contracts, our ability to manage our international operations, government policies and action regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statement become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company. Investor Presentation | Q2FY27 | Five Star Business Finance Limited Executive Summary | Q2FY27 Branches Loan Disbursement Loan Portfolio 875 ₹ 20,778 Mn ₹ 146,396 Mn +19 +75 +39% +74% +7% +14% Gross NPA 30+ DPD Profit After Tax 3.48% 11.50% ₹ 2,993 Mn +2 bps +84 bps -88 bps -67 bps +10% +5% Net Interest Margin* Return on Average AUM Return on Equity 19.87% 8.39% 15.25% -10 bps +16 bps +28 bps -59 bps +79 bps -1.66% q-o-q y-o-y * NIM computed as a % of average AUM Investor Presentation | Q2FY27 | Five Star Business Finance Limited Executive Summary | H1FY27 Branches Loan Disbursement Loan Portfolio 875 ₹ 35,742 Mn ₹ 146,396 Mn +75 +44% +14% Gross NPA 30+ DPD Profit After Tax 3.48% 11.50% ₹ 5,707 Mn +84 bps -67 bps +3% Net Interest Margin Return on Average AUM Return on Equity 19.91% 8.25% 14.86% +5 bps -65 bps -1.88% q-o-q y-o-y * NIM computed as a % of average AUM Investor Presentation | Q2FY27 | Five Star Business Finance Limited Commentary on Q2FY27 I am extremely happy to present to all of you, the details about another quarter of strong performance of Five-Star Business Finance Limited (“Five Star” or “Company”). The quarter ended September 30, 2026, saw Five Star delivering very strong numbers across various parameters. Our upward trajectory in disbursements continued during the current quarter as well, where we recorded our historically best disbursements at INR 2,078 Cr, up 39% over the previous quarter and 74% year-on-year. The loan book also saw robust growth with our AUM at INR 14,640 Cr, a growth of 7% over the previous quarter and 14% year-on-year. Importantly, this growth has come alongside improving collections, stable asset quality and profitability. Lakshmipathy D Managing Director Collections continue to trend very well with our unique customer collection efficiency (excluding NPAs) improving from 97.9% in Q1FY27 to 98.2% in the current quarter, along with improvement in X-bucket collections to 99.4% from 99.2% in Q1FY27, which has helped contain forward flows. As a result, the current bucket proportion of our AUM rose sharply from 83.30% to 84.78%, and 30+ DPD came down from 12.38% to 11.50%. With our clear focus on containing flows from the early buckets, I am very confident that we will continue to see our portfolio quality improving in the coming quarters. Slippages eased marginally to 0.68% from 0.70% in Q1FY27 and Gross Stage 3 assets were broadly stable at 3.48%, despite macroeconomic headwinds being witnessed across the industry. Credit cost improved to 1.80% of average AUM from 1.85% in Q1FY27. We expect flattish credit slippages and credit cost for the rest of the year, despite the industry headwinds. We availed incremental debt of ₹825 Cr during the quarter at an all-inclusive cost of 8.43%, and our cost of funds on the book eased marginally to 8.78% from 8.80% in Q1FY27. Net Interest Margin remained broadly stable at 19.87% as against 19.97% in Q1FY27 and was 16 bps higher year- on-year, showing that our spreads have held up despite the drop in yields. With the tightening rate cycle, we expect to see some inch-up in our cost of funds, both on incremental debt and on the book, which would have some impact on the spread and NIM however we remain confident of navigating this interest rate cycle with minimal impact. After a year beset with challenges across multiple fronts, we have bounced back stronger than before. Some of these numbers across disbursements and collections are our historical best and clearly validate the actions we have taken over the last few quarters and gives us immense confidence as we move forward. Investor Presentation | Q2FY27 | Five Star Business Finance Limited Who We are NBFC providing secured financial solutions to Small Business customers and Self-employed Individuals who are largely cut-off from formal lending ecosystem Deep understanding of customer behavior and strong knowledge of market and regional dynamics, having been operating in this segment for over the last 2 decades Proprietary Underwriting & Collections model fine-tuned over 2 decades of experience Target Customer Segment Ticket Size & Income Profile Customers with informal income Average Ticket size of ₹3 – 5 lakhs derived from everyday ‘services’ Household gross income of ₹25,000 – 40,000 Target Geography Property Backed Collateral Currently Southern India (TN, AP, All loans are secured against Telangana & Karnataka), and MP, borrower property – usually self Maharashtra, UP, Chhattisgarh, occupied residential property Rajasthan, Gujarat 875 11 514,202 15,172 Branches States / UT Loans Employees Investor Presentation | Q2FY27 | Five Star [Showing first 8,000 characters — download PDF for full document]