Presentation on conference call to be held on November 02, 2026

NSDL/AF/BSE/2026/0082 Date: October 31, 2026 Listing Compliance Department BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Dear Sir/Madam, Scrip Code: 544467 ISIN: INE301O01023 Sub.: Presentation on conference call to be held on November 02, 2026 Ref.: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') Pursuant to Regulation 30 of Listing Regulations, we hereby enclose a copy of the presentation for the Conference Call organised by ICICI Securities scheduled to be held on Monday, November 02, 2026, at 04:30 P.M. (IST). The said information is also available on the website of the Company – https://nsdl.com/ We request you to kindly take the same on record. Thanking you, Yours faithfully, For National Securities Depository Limited Alen Ferns Company Secretary & Compliance Officer Membership No. A30633 Encl: as above 301, 3rd Floor, Naman Chambers, G Block, Plot No- C-32, Bandra Kurla Complex, Bandra East, Mumbai- 400051 Tel: 91 22 6944 8400/8500| CIN – L74120MH2012PLC230380 | Email: info@nsdl.co.in | Web: nsdl.com Earnings Presentation Q2 FY2027 | October 31, 2026 NSDL-PUBLIC Table of Contents 01 02 Quarterly Results Update Company Overview Key Performance Indicators Who we are and what we do Standalone operating metrics FY27 03 04 Financial Highlights Board & Management Standalone results Directors and senior leadership Eight sections covering our business, financials, performance, people and 05 06 shareholder information. Awards & Recognitions Subsidiaries Overview Industry awards and accolades NDML and NPBL 07 08 Financial Highlights Investor Information Consolidated results Sharehold er overview NSDL-PUBLIC NSDL-PUBLIC SECTION 01 Company Overview NSDL-PUBLIC NSDL-PUBLIC NSDL is India’s first and largest depository Pioneering India’s dematerialised capital market for over three decades. KEY HIGHLIGHTS Market share across segments (%) 47.2mn 1st Beneficiary Owner (BO) accounts FPI demat holdings 99.9% India's first & largest depository, since 1996 45.0% share Listed debt securities (value) ⁽²⁾ 97.5% ₹536.45 lakh crore Incremental Yuva & Women accounts Unlisted cos. - Demat value 88.8% (equity) ⁽²⁾ Demat custody value Unlisted cos. (equity) ⁽²⁾ 72.5% 1,18,679 85.8% Market share by total d emat Issuers registered 69.9% Issuers registered custody value Individuals* & HUFs 66.3% 80.0% | 13.9% | 6.1% (custody value) ⁽¹⁾ ₹11. 4mn Custody value mix: Equity | Debt | Total standalone income (Q2 FY27) 43.8% Avg. value of assets per demat account Others Subsidiaries 17.5 mn(1) 20. 6mn(1) Top 3 | Top 34(1) 5.4mn | ₹378 cr (1) Insurance policies KYC records of registered Top 3 in Inclusive Finance Business Customers | deposit balances, Q2 dematerialised intermediaries (prominent KRA) | Top 34 in UPI FY27 Note: Figures rounded off to single decimal point. *Including NRIs. NSDL-PUBLIC (1) as of Sep’26. (2) Data sourced from SEBI Bulletin. NSDL-PUBLIC Timeline – From Milestone to Momentum 1996 2010 2012 2014 2015 Inauguration of NSDL Launch of New Launch of e-Voting Launch of FPI regime Launch of Consolidated and Depository System System for issuers and dematerialised Accounts commencement of the securities value crossed Statement (CAS) process of ₹100 Lakh Crore dematerialisation of securities 2023 2022 2021 2020 Launch of T + 1 rolling Launch of blockchain -based Launch of Commercial Value of securities held by settlement cycle in market platform to manage Paper Issuance Platform and NSDL in dematerialised form equity market and monitor the security and value of securities held by crossed covenant related to issuance NSDL in dematerialised form ₹200 Lakh Crore of bonds crossed ₹300 Lakh Crore 2024 2025 2026 Recent Launch of Beta version of Successful implementation Implementation of SWAGAT - DEMAT 2.0 for tokenized T + 0 rolling settlement cycle of Direct Payout Settlement FI Framework for FPIs and bonds, APIs for EGR creation in equity market and value of for securities and FVCIs and enabled digital and OBPP , and Form 121 securities held by NSDL in listing of NSDL equity submission of Form 121 submission for all investors dematerialised form crossed shares on August 6, 2025 (Form 15 G/H) via PAN and OTP without ₹500 Lakh Crore for Nil tax declaration login NSDL-PUBLIC NSDL-PUBLIC NSDL Depository – Service Offerings Core Depository Services Settlement of Consolidated Allotment & Account Dematerialisation Market & Off - Corporate Pledge incl. Account Ownership Opening & of Securities market Actions Margin Pledge Statement Records Management Transfers Suite of E -Services Digital submission of Encrypted straight - Online voting and Electronic delivery Online Demat Account PoA instructions to through trade virtual AGMs via instructions Statement access DPs processing eAGM Ancillary Products & Value -Added Services Securities & Depository FPI Monitor: Digital LAS: loans Issuer Service MF Conversion & Covenant Account common against shares Portal: access to Redemption API: Monitoring: Validation: application form, pledged in demat issuer services and converts MF units blockchain validates DP ID, investment limits form information to demat platform for Client ID and PAN and data bonds/debentures NSDL-PUBLIC NSDL-PUBLIC Key Achievements – Q2 & H1 FY27 10 32.4 lakh Form 121 DEMAT 2.0 NSE EGR OBPP new DPs gross accounts for all investors tokenized bonds API integration API connectivity DEMAT 2.0: Tokenized Bonds DP Onboarding Momentum by NSDL 1 4 Developed a DLT platform for corporate bonds, Onboarded 10 new DPs during H1 FY27, expanding designed for near real -time settlement via RBI’s the Depository Participant network to 320 DPs wholesale CBDC infrastructure NSE API for Electronic Gold Receipts Sustained Demat Account Growth 2 5 Integrated with NSE to automate EGR creation and 32.4 lakh gross accounts added (27.9 lakh net) in improve processing. EGRs represent dematerialised H1 FY27, reflecting continued growth momentum ownership of physical gold in approved vaults API for Online Bond Platform Providers Form 121 Submission via NSDL Website Introduced OBPP API connectivity for real -time 3 Any investor can submit Form 121 on the public 6 account and holdings validation and electronic NSDL website using PAN and OTP, without a login. instruction submission, simplifying bond Previously limited to registered NSDL users transactions NSDL-PUBLIC NSDL-PUBLIC SECTION 02 Key Performance Indicators (Standalone) NSDL-PUBLIC NSDL-PUBLIC Performing consistently over the years (1/3) Net BO Accounts Incremental BO Accounts and Market Share # (in lakhs) (Accounts in lakhs, Market share in %) +12.7% 44 77 46 .. 00 00 471.8 17.6% 17.6% 17.2% 472.00 470.00 468.00 466.00 464.00 462.00 456.3 460.00 458.00 456.00 454.00 452.00 450.00 448.00 446.00 444.00 442.00 440.00 438.00 436.00 434.00 432.00 430.00 428.00 44 22 46 .. 00 00 418.9 422.00 420.00 418.00 416.00 414.00 412.00 410.00 408.00 406.00 404.00 402.00 400.00 13.9 12.4 15.6 398.00 13.9 12.4 15.6 396.00 394.00 392.00 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Net BO Accounts: NSDL added 17.8 lakh gross and Incremental BO Accounts and Market Share #: Net 15.6 lakh net accounts in Q2 FY27 vs 16.1 lakh incremental accounts opened in Q2 FY27 stood at gross and 13.9 lakh net accounts in Q2 FY26 15.6 lakh , with incremental market share at 17.2% Note: # On a gross basis, the indicative incremental market share is estimated at ~18. 3% in Q2 FY27 vs ~18.1% in Q2 FY26 . NSDL-PUBLIC NSDL-PUBLIC Performing consistently over the years (2/3) Incremental BO Accounts and Market Share # Industry v/s NSDL (Accounts in lakhs, Market share in %) (Accounts in lakhs) 17.4% 160.8 16.6% 146.2 27.9 24.3 24.3 12.4 27.9 H1 FY26 H1 FY27 Industry NSDL H1 FY26 H1 FY27 Incremental BO Accounts #: Net incremental Incremental Accounts: Industry saw an increase of accounts opened in H1 FY27 stood at 27.9 lakh , 9.9%, and NSDL saw a growt [Showing first 8,000 characters — download PDF for full document]