Investor Presentation

October 29, 2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services The Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Mumbai - 400051 Scrip Code: 544533 Symbol: STYL Dear Sirs, Sub: Q2FY27 Earnings Conference Call Dear Sirs, Further to our letter dated October 26, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the document titled ‘Investor Presentation Q2FY27’. Thanking you, Yours Sincerely, 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 E mail: info@seshaasai.com I Website: www.seshaasai.com I CIN No.: L21017MH1993PLC074023 PAYMENT SOLUTIONS Investor COMMUNICATION Presentation Q2FY27 & FULFILMENT SOLUTIONS (CFS) October 29, 2026 SOLUTIONS Seshaasai Technologies Limited Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Seshaasai Technologies Ltd. (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, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. PERFORMANCE HIGHLIGHTS COMPANY BACKGROUND TABLE OF FINANCIAL PERFORMANCE CONTENTS INVESTMENT RATIONALE IPO FUNDS UTILISATION Performance Highlights Key Financial Highlights – Q2FY27 REVENUE FROM OPERATIONS EBITDA OPERATING EBITDA PAT ₹4,053.1 Mn ₹1,065.6 Mn ₹1,006.2 Mn ₹697.3 Mn Margin 26.3% Margin 24.8% Margin 17.2% YoY +15.0% QoQ +7.7% YoY +12.0% QoQ +12.9% YoY +7.0% QoQ +15.2% YoY +21.0% QoQ +15.6% Q2FY26 : ₹3,523.4 Mn Q2FY26 : ₹951.1 Mn Q2FY26 : ₹940.4 Mn Q2FY26 : ₹576.4 Mn Q1FY27 : ₹3,764.7 Mn Q1FY27 : ₹944.1 Mn Q1FY27 : ₹873.1 Mn Q1FY27 : ₹603.4 Mn Margin progression Performance drivers Margin Q2FY27 Q2FY26 Q1FY27 YoY change QoQ change • PAYMENT SOLUTIONS Revenue reached ₹2,182.6 Mn, up 21.7% YoY and 38.0% QoQ, supported by higher volumes of domestic payment cards, Gross Margin 42.5% 45.9% 41.7% −331 bps +89 bps growth in metal cards, mass-transit programs and card exports. • GROSS MARGIN EBITDA Margin 26.3% 27.0% 25.1% −70 bps +121 bps Margin recovered 89 bps QoQ to 42.5% but remained 331 bps below Q2FY26 as material costs grew faster than revenue. Operating EBITDA Margin 24.8% 26.7% 23.2% −187 bps +163 bps • PROFITABILITY PBT growth of 23.7% and PAT growth of 21.0% YoY driven by revenue growth along with better product mix and PAT Margin 17.2% 16.4% 16.0% +85 bps +118 bps significant reduction in finance cost. Operating EBITDA represents EBITDA less other income. Amounts are in ₹ million. Differences may arise from rounding. Company Background A Partner Through Life’s Evolution National ID Cards Pension Statements Savings Account Early Stages Retirement Passbook Bank Statement A steady Partner Health Policy Through Life’s Evolution Learning Growth Wealth Certificate Career Management Kit Smart ID Payment RFID Solar Panel Card Travel Card Gift Card Cheque Book RFID Powered Educational Books Shopping Metal Credit Card Insurance Policy QR Payment Debit/Credit Card FASTag Seshaasai at a Glance (1/2) Payment Solutions Communication & Fulfilment Solutions IoT Solutions End-to-End powered by Safe, Secure and Proprietary Platforms WIDE RANGE OF OFFERINGS Metal Cards Biometric Cards D a t a L o g g e r s Indian Banks Global Payment Payment Card Industry International Organization Certifications / Licenses / Approvals NPCI Rupay Association Schemes Data Security Standard for Standardization Seshaasai at a Glance (2/2) Client Base Manufacturing Facilities 25 7 6 2 Manufacturing Units Locations States R&D Labs Pan India Financial Performance Revenue from Operations (₹ Mn) EBITDA Margin (%) PAT Margin % 15,583 17% 14,632 19% 14,411 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Financial Performance Business Performance Q2FY27 - Payment Solutions REVENUES (₹ in mn) • Retained our wallet share with our top 10 customers during the quarter 2,183 1,984 1,793 1,919 • Growth in the quarter was driven by higher volume of domestic payment cards, 1,582 growth in metal cards, mass-transit programs and card exports • Won 1 multi year tender from a PSU Bank in Q2FY27. Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Key Growth Drivers o Metal cards are witnessing growing interest across our PSU & Private o Post-covid issuance surge to have corresponding renewal volumes moving in bank customers across both debit and credit portfolios. tandem. o Traction observed in FinTechs focused on GenZ & Wealth Customers o More co-branded premium cards (airlines, travel, lifestyle, FinTech) with to augment metal card demand differentiated benefits to customers. o Growth of mass transit cards for metro projects & state road transport o Banks focusing on differentiated card experience for customers (sustainable corporations. cards, custom module cards etc.) Business Performance Q2FY27 - Communication & Fulfilment Solutions(CFS) REVENUES (₹ in mn) • Retained our wallet share with our top 10 customers during the quarter • Added 1 new enterprise account in Q2FY27. 1,607 1,488 1,327 1,362 1,290 • Renewed a three-year contract with a leading PSU life insurer, securing a significant share of the business as one of two appointed service providers. • Secured a three-year contract with a leading public sector bank for fulfilment solution offering. Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Key Growth Drivers o Customer [Showing first 8,000 characters — download PDF for full document]