Analysts/Institutional Investor Meet/Con. Call Updates

Date: October 30, 2026 Listing Compliance Listing Compliance National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited, Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Bandra (E) Dalal Street, Mumbai – 400051 Mumbai – 400 001 Subject: Earning Call Transcripts of Q2 FY’27. Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. NSE Symbol: KSOLVES; BSE SCRIP CODE: 543599; ISIN: INE0D6I01023. Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcripts of Post Earnings Conference Call- Q2 of FY’27. You may also find the transcripts on company’s website at www.ksolves.com This is for your information and records. For Ksolves India Limited Manisha Kide Company Secretary and Compliance Officer “Ksolves India Limited Q2 FY27 Earnings Conference Call” October 23, 2026 MANAGEMENT: MR. RATAN SRIVASTAVA – CHAIRMAN AND MANAGING DIRECTOR MR. UMANG SONI – CHIEF FINANCIAL OFFICER MR. MANISH GURNANI – CHIEF TECHNICAL OFFICER MR. DARPAN AUDICHYA – HEAD, BUSINESS TRANSFORMATION AND CONSULTING MODERATOR: MR. PRATIK JAGTAP – ERNST & YOUNG, LLP (IR) Page 1 of 12 Ksolves India Limited October 23, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Ksolves India Q2 FY27 Earnings Conference Call. 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 telephone. Please note that this conference is being recorded. I now hand the conference over to Mr. Pratik Jagtap from E&Y. Thank you, and over to you, Mr. Jagtap. Pratik Jagtap: Thank you, Siddhant. Welcome, everyone, and thanks for joining Ksolves India Limited Q2 FY27 Earnings Call. The results have been mailed to you along with the investor presentation, and it is also available at www.ksolves.com. In case anyone does not have a copy of the investor presentation, please do write to us, and we will be happy to share it with you. Joining us today from the management team, we have Ratan Srivastava, Chairman and Managing Director; Umang Soni, Chief Financial Officer; Manish Gurnani, Chief Technology Officer; and Darpan Audichya, Head, Business Transformation and Consulting. We will begin with the management's remarks covering the business updates and quarterly performance highlights and then move on to the Q&A session. Before we start, I would like to remind you that anything that is said on this call that reflects any outlook for the future or which can be construed as a forward-looking statement must be viewed in conjunction with the risks and uncertainties that we face. These risks and uncertainties are included but not limited to what we have mentioned in the prospectus filed with SEBI and the subsequent annual report, which you can find on our website. Having said that, I will now hand over the call to Ratan sir. Over to you, sir. Ratan Srivastava: Thank you and welcome to our Q2 and H1 FY27 earnings call. Before I talk about where we are headed, let me briefly update you all about the quarter gone by. It has been a mixed quarter for us. Our revenue was impacted by a cautious spending environment and a ramp down at a couple of large enterprise clients. At the same time, we maintained healthy profitability, secured several strategic wins, also, we strengthened our position in the banking sector especially, and made meaningful progress in embedding AI across the business. With that context, let me start with what defines Ksolves today. It is agentic AI. Over the last few months, Ksolves has become a Select Partner in both Anthropic, that is the Claude Partner Network, and the OpenAI Partner Network. These are not just badges you can simply buy or apply for and receive. Reaching the select tier requires certain certified practitioners, means architects, live production deployments for customers, public client endorsement with the credentials reviewed periodically. Holding both certifications confirms one thing. Ksolves is putting agentic AI into production for paying clients, not just running pilots. This is changing how we sell and how we deliver. AI at Ksolves is not confined to a specialist team. It runs across the organization. 100% of our engineers are Claude certified. So every team is AI fluent rather than just a few experts. Page 2 of 12 Ksolves India Limited October 23, 2026 Our in-house agentic AI center of excellence builds the agent accelerators and governance frameworks that our delivery teams use across client engagements. First, how we sell? Two years ago, client conversations were about technology and headcount, how many people were required for Salesforce, Odoo, data engineering, or whatever. Today, almost every conversation includes agentic AI, or it starts with agentic AI, I can say. Clients are asking for Odoo with agentic AI, or you can reverse it, agentic AI with Odoo, agentic AI with Salesforce, agentic AI with data engineering. The question has moved from how many people to what business outcome can you deliver? Second, how we deliver? We are moving towards a forward-deployed engineering model. Our engineers work closely with the clients to understand the business problem, use AI to design and build solutions, and take ownership of the outcome. With AI, our engineers increasingly work across platforms now. That gives us flexibility in deployment, faster ramp-up, and better utilization. The progress we are making across AI and our core technology practice is also translating into new business. During the quarter, we secured market wins across diversified sectors, and our key technology offerings include banking in South America, banking in the U.K., banking in Europe, global ports, and education industry in Australia. Three of our Q2 wins are in banking. That reinforces our BFSI story and provides us with a stronger foundation to pursue further opportunities in this segment. These opportunities are mainly in, or you can say, with agentic AI and Salesforce or with agentic AI and data engineering. Alongside our Anthropic and OpenAI select partnerships, we have been upgraded to Frappe Bronze Partner in India. Coming to our financial performance. Q2 revenue stood at INR 37.8 crores, down to 4.7% year- on-year. For the half year, revenue stood at INR79.2 crores, reflecting a growth of 2.5% year- on-year. Across the industry, clients remain selective and discretionary spending is still under scrutiny. `Our Q2 performance reflects that, along with the ramp-down at a couple of our large enterprise clients, as we indicated last quarter, these are client-specific ramp-down, not a structural change in our business or our client relationship. We have also taken an important lesson from the period. When these accounts slowed, our pipeline was not deep enough to fully offset the impact within the quarter. We are now building a pipeline, even a strong pipeline enough that no client-specific decision can move our quarter the way this one did. We are also pleased that Dun & Bradstreet has recognized Ksolves as one of the leading SMEs for 2026. To sum up, we expect FY27 revenue will remain soft and to trail last year’s levels. This reflects cautious client spending amid global macroeconomic and geopolitical uncertainty. In H2 FY27, our focus is on building a broader and stronger pipeline, scale our AI opportunities, support the recovery and expansion of our enterprise accounts. Thank you. I will hand over to Umang to take you through the financials in detail. Thank you. Umang Soni: Thank you, Ratan. Good day, everyone, and a very warm welcome. I hope you had an opportunity to review the earnings presentation and the press release. Ratan has outlined the Pag [Showing first 8,000 characters — download PDF for full document]