Outcome of Board Meeting

SeshaasaiJ October 29, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East) Mumbai – 400 001 Mumbai - 400051 Scrip Code: 544533 NSE Symbol: STYL Sub: Unaudited Financial Results for the quarter and half year ended September 30, 2026 Dear Sirs, We take reference to our letter dated October 26, 2026 on the above subject and wish to inform that at the Board Meeting held today, the Directors have considered the Unaudited Financial Results of the Company (Standalone and Consolidated) for the quarter and half year ended September 30, 2026 and approved the same. Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the said Financial Results, including a Press Release on the Consolidated Financial Results are sent herewith, for your information and records. The Statutory Auditors have conducted ‘Limited Review’ of the said Financial Results and their reports are enclosed. The above information will also be made available on the website of the Company at https://seshaasai.com/investor/#financial-results. The Board Meeting commenced at 06:00 p.m. and concluded at 06.42 p.m. Thanking you, Yours faithfully, For Seshaasai Technologies Limited (formerly known as Seshaasai Business Forms Limited) Manali Siddharth Shah Company Secretary and Compliance Officer Encl: as above Seshaasai Technologies Limited (Formerly known as Seshaasai Business Forms Limited) Registered Office: 9, Lalwani Industrial Estate, 14, Katrak Road Wadala, Mumbai – 400031 Tel,: +91 22 66270919/99 Email: info@seshaasai.com I Website: www.seshaasai.com I CIN No.: L21017MH1993PLC074023 SeshaasaiY Seshaasai Technologies Reports Strong Q2FY27 with 15.0% YoY Revenue Growth and PAT at ₹697.3 million up by 21.0% YoY Mumbai, India – 29th October 2026: Seshaasai Technologies Limited (BSE: 544533) (NSE: STYL), a technology-driven solutions company empowering Payments, Communication, and IoT, announced today its financial results for the Second Quarter and Half Year of FY27, ended on 30th September 2026. KEY HIGHLIGHTS – Q2FY27 (CONSOLIDATED) • Revenue from operation was at ₹4,053.1 million, a growth of 7.7% on a QoQ basis and 15.0% on a YoY basis. • Continued to maintain momentum in its focused verticals: o Payment Solutions contributed 54% of the revenues. o Communication & Fulfilment Solutions contributed 32% of the revenues. o IoT Solutions contributed 14% of the revenues. • EBITDA stood at ₹1,065.6 million, a growth of 12.0% on a YoY basis with an EBITDA margin of 26.3%. The EBITDA margin improved by 121 bps on a QoQ basis, supported by sequentially better product mix in sales, material-cost absorption and operating leverage. • Profit After Tax (PAT) stood at ₹697.3 million, a growth of 21.0% on a YoY basis with a PAT margin of 17.2%. • Top 10 customers contributed 57.0% of the revenues. KEY HIGHLIGHTS – H1FY27 (CONSOLIDATED) • Revenue from Operations stood at ₹7,817.8 million for the half-year ended 30th September 2026, a growth of 17.9% on a YoY basis. • EBITDA was at ₹2,009.7 million, a growth of 19.0% on a YoY basis with an EBITDA margin of 25.7%. • Profit After Tax (PAT) stood at ₹1,300.7 million, a growth of 37.5% on a YoY basis with a PAT margin of 16.6%. Page 1 of 3 SeshaasaiY COMMENTING ON THE RESULTS Pragnyat Lalwani, Managing Director, Seshaasai Technologies, said: “We are pleased to report another quarter of healthy growth, reflecting disciplined execution and sustained momentum across our key business verticals. Revenue from operations increased 15.0% YoY and 7.7% sequentially to ₹4,053.1 million. Revenue growth was broad-based but led by Payment Solutions, supported by higher volumes of payment cards across banks, metal cards growth, mass-transit programs, and payment card exports which drove both sequential and year-on-year momentum. Despite cost pressures from elevated USD/INR levels and West Asia-related supply-chain disruptions, sequential revenue growth outpaced the increase in material costs, driving an 89 bps improvement in gross margin to 42.5%. We continue to see compelling opportunities across premium and mass-transit cards, integrated communication and fulfilment, RFID, SIM and eSIM-led applications. We will continue to deepen customer relationships and invest in these opportunities with discipline, while maintaining our focus on long-term value creation. ” Pavan Kumar, Chief Financial Officer, Seshaasai Technologies, said: “Q2FY27 delivered healthy growth and improved profitability. Revenue from operations increased 15.0% YoY to ₹4,053.1 million. EBITDA grew 12.0% to ₹1,065.6 million, with an EBITDA margin of 26.3%, while Profit After Tax grew 21.0% to ₹697.3 million with a PAT margin of 17.2%. Sequentially, EBITDA increased 12.9% and EBITDA margin improved by 121 bps. Lower finance costs following debt repayment continued to support profitability. For H1FY27, cash flow from operations was ₹971.0 million, while capital expenditure was ₹1,497.1 million. As of 30th September 2026, cash and liquid investments stood at ₹3,144 million, borrowings were ₹875.0 million and net cash was ₹2,269.1 million. We continue to remain focused on maintaining financial discipline and efficient capital allocation.” Page 2 of 3 SeshaasaiY ABOUT SESHAASAI TECHNOLOGIES LIMITED Seshaasai Technologies Limited (BSE: 544533) (NSE: STYL), is a technology-led, multi-location solutions provider with a strong focus on the banking, financial services, and insurance (BFSI) sector. The Company specializes in secure payment solutions, omnichannel communication, and fulfilment services, offering innovative, scalable technologies tailored to the evolving needs of its clients. With proprietary platforms at the core of its offerings, Seshaasai delivers recurring, enterprise-grade solutions that power critical operations across the BFSI ecosystem in India. In addition to its BFSI-centric services, the Company also provides IoT-enabled solutions for a diverse clientele spanning industries such as retail, renewables, logistics, and manufacturing. The Company’s facilities are accredited by global and national standards, including NPCI, PCI, Global Payment schemes and IBA, for the secure manufacturing of payment cards, cheques, and data handling— ensuring full compliance with international IT, cyber and physical security protocols. For more information, please visit www.seshaasai.com For Further Information, Please Contact Asha Gupta asha.gupta@in.ey.com Pratik Jagtap pratik.jagtap@in.ey.com Manali Shah companysecretary@seshaasai.com Disclaimer Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results may differ from such expectations, projections etc., whether express or implied. These forward-looking statements are based on various assumptions, expectations and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, competitive intensity, pricing environment in the market, economic conditions affecting demand and supply, change in input costs, ability to maintain and manage key customer relationships and supply chain sources, new or changed priorities of trade, significant changes in political stability in India and globally, government regulations and taxation, climatic conditions, natural calamity, commodity price fluctuations, currency rate fluctuations, litigation among others over which the Company does not have any direct control. These factors may affect our ability to successfully implement our business strategy. The Company cannot, therefore, guarantee that the ‘forward-looking’ statements made herein shall be realized. The Company, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or ma [Showing first 8,000 characters — download PDF for full document]