Please find enclosed transcript of Earnings Conference Call for Analysts and Investors held on Tuesday July 21, 2026 with respect to the financial results and developments of the Company ....

July 25, 2026 BSE Limited National Stock Exchange of India Limited (BSE: 542726) (NSE: INDIAMART) Subject: Transcript of Earnings Conference Call on financial results and developments for the quarter ended June 30, 2026 Dear Sir/Ma’am, Pursuant to Regulation 30 read with Part A of Schedule III of the Listing Regulations, we wish to inform that the Transcript of Earnings Conference Call for Analysts and Investors held on Tuesday, July 21, 2026, with respect to the financial results and developments of the Company for quarter ended June 30, 2026, is enclosed herewith. The copy of transcript is also available on the Company’s website at https://investor.indiamart.com/FinancialResultsStatements.aspx. Kindly take note of the same. Yours faithfully, For IndiaMART InterMESH Limited (Vasudha Bagri) Compliance Officer Membership No: A28500 Encl: As above. Webinar Transcript Event: IndiaMART Q1 FY2027 Earnings Webinar Event Date/Time: July 21, 2026 at 17:00 hrs CORPORATE PARTICIPANTS: Mr. Dinesh Chandra Agarwal - Chief Executive Officer Mr. Brijesh Kumar Agrawal - Whole-Time Director Mr. Jitin Diwan - Chief Financial Officer Mr. Prateek Chandra - Chief Strategy Officer Mr. Avijit Vikram - Head Investor Relations IndiaMART InterMESH Limited July 21, 2026 Avijit Vikram: Good evening, ladies and gentlemen. I am Avijit Vikram, Head of Investor Relations. On behalf of IndiaMART InterMESH Limited, I welcome you all to the company's Quarter One FY '27 Earnings Webinar. 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. Joining us today from the management side, we have Mr. Dinesh Agarwal - Chief Executive Officer, Mr. Brijesh Agrawal - Whole- Time Director, Mr. Jitin Diwan - Chief Financial Officer and Mr. Prateek Chandra - Chief Strategy Officer. Before we begin, I would like to remind you that some of the statements made in today's conference call may be forward- looking in nature and may involve risks and uncertainties. Kindly refer to Slide #3 of the earnings presentation for the detailed disclaimer. Now I would like to hand over the call to Mr. Dinesh Agarwal for his opening remarks. Thank you, and over to you, sir. Dinesh Chandra Agarwal: Good evening everyone and welcome to IndiaMART's Q1 FY27 Earnings webinar. We have circulated our Earnings Presentation, which is available on our website as well as the stock exchange website. We are sure you would have gone through the same. And we would be happy to take any questions afterwards. IndiaMART has delivered a consolidated Revenue from operations of Rs. 414 crores in Quarter 1, representing a year-on- year growth of about 11%. Consolidated Collection from customers grew to Rs. 463 crores, representing year-on-year growth of 8% in the first quarter. Consolidated deferred revenue grew to Rs. 2,014 crores, representing year-on-year growth of 16%. In quarter one, unique business enquiries were 26 million. Our total paying supplier base was 2 lakh18 thousand at the end of the quarter 1, reflecting net decline of 1,850 suppliers during the quarter. This decrease can primarily be attributed to moderation in the gross addition as well as elevated churn at the Silver subscription tier. Page 2 of 22 IndiaMART InterMESH Limited July 21, 2026 Our Platinum and Gold subscribers, which contribute approximately 50% of our customer base and more than 75% of the revenue, continue to have a good upsell and retention rate. At the platform level, we are embedding elements of trust and safety into the foundation of the marketplace. Our already existing strong seller verification through a multi-layer KYC process, TrustSEAL verification, along with the transparent supplier ratings and reviews, is now supported by seller verification feature that helps the buyers to verify sellers before making any payments. Further, to enhance buyer confidence, we have introduced a Buyer Payment Protection Program for eligible purchases with TrustSEAL verified suppliers. We continue accelerating our AI evolution, incorporating intelligent capabilities into our platforms. We have streamlined the discovery process by introducing standardised cataloguing, intelligent matchmaking, and content moderation. We are also operating one of the largest agentic call handling system in the country that autonomously handles over 1 lakh calls per day. All these initiatives work together to create a seamless and efficient experience for both buyers and sellers. Our focus remains on enabling businesses to unlock sustainable growth through technology that evolves with their needs. Now I will hand over the call to Brijesh to update about BUSY Infotech. Thank you, and over to you, Brijesh. Brijesh Kumar Agrawal: Good evening, everyone. BUSY did a billing of about Rs. 59 crores in Q1 and this represents a year-on-year growth of 10%. Revenue from operations were at Rs. 36 crores, which is about 47% growth. The Deferred revenues were about Rs. 146 crores for the quarter and this shows a growth of 44% on year-on-year basis. The Cash from operations were at about Rs. 16 crores. During Q1, we sold approximately 12 thousand new licenses, and with this the total number of new licenses sold count has gone to 4 lakh 54 thousand. Page 3 of 22 IndiaMART InterMESH Limited July 21, 2026 As I've been sharing earlier, we have been investing behind improving the product, the overall user experience. In this regard, we have also gone ahead and launched a new version of BUSY called BUSY Magic, which has a completely revamped UI/UX. We think that these investments that we are making will create a foundation for the next phase of growth for BUSY. And with this, I will hand over the call to Jitin to discuss the financials. Jitin Diwan: Good evening, everyone. I'll take you through the financial performance for the quarter ended June 2026. Consolidated Collection from customers was Rs. 463 crores in the quarter, representing year-on-year growth of 8%. IndiaMART standalone Collection from customer for the quarter was Rs. 402 crores, registering year-on-year growth of 8%. Consolidated Deferred revenue stood at Rs. 2,014 crores, an increase of 16% on year-on-year basis. Consolidated Revenue from operations was Rs. 414 crores for the quarter, registering year-on-year growth of 11%. Consolidated EBITDA was Rs. 146 crores for the quarter, representing margin of 35%. Margins continued to be elevated on account of savings arising from lower customer acquisition and operating leverage. In Q1, consolidated Other income for the quarter stood at Rs. 107 crores. The increase was primarily due to mark-to-market gains on our treasury portfolio. Consolidated Net profit for the year was Rs. 172 crores, and consolidated Cash generated from operations was Rs. 163 crores for the quarter. Consolidated Cash and treasury balance overall stood at Rs. 3,553 crores as on June 30, 2026. Board of Directors has approved the creation of new subsidiary, IndiaMART Finance Limited. This entity will serve MSMEs for their short-term credit requirement. Thank you very much. Now we are ready to take any questions. Page 4 of 22 IndiaMART InterMESH Limited July 21, 2026 Question-and-Answer Session Avijit Vikram: We will now begin the Q&A session. If you wish to ask questions to the panelists, kindly raise your hand and allow camera and microphone access. Alternatively, you may type the question in the chat menu, and we will revert on it. Please restrict to two questions so that we may be able to address questions from all the participants. We will wait for a few seconds while the question queue assembles. First question is from the line of Kunal Thanvi. Please unmute yourself and go ahead with your question. Kunal Thanvi: I had two questions. One was on this finance subsidiary that we have created. Can you help us understand what is the objective of this, and what kind of business we are going to conduct in this subsid [Showing first 8,000 characters — download PDF for full document]