Press Release

Ref : GAJA/CS/30/2026-27 Date: November 04, 2026 To, To, National Stock Exchange of India Limited BSE Limited (“BSE”) (“NSE”) Listing Department Listing Department Corporate Relationship Department Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex Bandra [E], Mumbai – 400051 Dalal Street, Fort, Mumbai - 400 001 NSE Scrip Symbol: GAJA BSE Scrip Code: 544885 ISIN: INE18UN01038 ISIN: INE18UN01038 Sub: Disclosure under Regulation 62 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") – Press Release Dear Sir/Ma’am, Pursuant to Regulation 62 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We forward herewith a copy of the Press Release issued by the Company on the Un-audited Financial Results (Consolidated and Standalone) of the Company for the quarter and Half year ended September 30, 2026. Kindly take the same on records and arrange to bring this to the notice of all concerned. The details are also posted on the company’s website at www.gajacapital.com. Thanking You, For Gaja Alternative Asset Management Limited Ishu Jain Company Secretary and Compliance Officer Membership No.: F10679 Address: 1402 Tower 2B One World Center, S.B. Marg Lower Parel, Mumbai- 400013 GAJA ALTERNATIVE ASSET MANAGEMENT LIMITED Corporate Office :1402, Tower 2B, One World Center, Registered Office: 302, 3rd Floor, Kanchenjunga S.B. Marg, Lower Parel, Mumbai –400013 Building 18, Barakhamba Road, New Delhi 110001 Tel: 91-22-2421 2280 | Email: Compliance@gajacapital.com | CIN: U67190DL1999PLC099260 | Website: www.gajacapital.com PRESS RELEASE Gaja Alternative Asset Management Limited reports Q2 FY27 results: total income up 2 6% and PAT up 1 38% over the previous quarter Mumbai, November 4, 2026: The Board of Directors of Gaja Alternative Asset Management Limited (“GAAML” or “the Company”), at its meeting held today, approved the unaudited consolidated financial results of the Company and its subsidiaries, together referred to as the “Group”, for t he quarter and half year ended 30 September 2026. TOTAL INCOME, H1 PROFIT AFTER TAX, H1 COST -TO -INCOME NET WORT H FY27 FY27 RATIO , H1 FY27 INR 117.3 Cr INR 91.9 Cr 29.5% INR 1,106 Cr Mr. Gopal Jain, Managing Director & CEO, said: “In the first half of FY27 we earned total income of INR 11 7.3 Cr and profit after tax of INR 9 1.9 Cr. Our H1 performance shows the strength of the underlying franchise: income came from three of our funds, profit after tax grew 48% over the first half of FY26, and the Board has declared an interim dividend of 50 paise per share, following a 75 paise dividend for FY26. We have strengthened the balance sheet. Net worth now exceeds INR 1, 100 Cr and we carry no debt. Our strong balance sheet now contributes to growth as treasury income , a fourth pillar alongside management fees, carried interest and gains on sponsor commitments. A significant part of our net worth is in cash and liquid investments which gives us a greatly enhanced capacity to raise new funds. ” BUSINESS HIGHLIGHTS • Existing funds: Fund IV made two new investments during the quarter, taking its portfolio to nine companies . Currently, the Fund’s deployment is at 87% of committed capital. This quarter also saw a significant liquidity event from Fund II. Taken together, H1 performance reflects income from three of the four Gaja Capital Funds. • New funds: Eastgate Secondaries strengthened its investment team with a senior hire who brings over 20 years of full cycle private equity investing experience . Gaja Alternative Asset Management Limited | PRE SS RELEASE | Q 2 FY27 RESULTS | 04 NOVEMBER 2026 1 PRESS RELEASE FINANCIAL HIGHLIGHTS INR Cr Q2 FY27 Q1 FY27 % H1 FY27 H1 FY26 % Total income 65.5 51.8 26% 117.3 110.4 6% Total expenses 14.7 19.9 (26%) 34.6 41.6 (17%) Profit after tax (PAT) 64.7 27.2 138% 91.9 62.1 48% EPS (INR, annualised) 20.2 9.5 113% 15.1 11.0 38% • Cost to Income ratio improved to 29.5% during H1 FY27 compared to 37.7% over the same period last year • Net worth grew to INR 1,106.2 Cr as of 30 Sep 2026 (62% being cash and liquid investments ) • Q2 FY27 PAT includes a gain of INR 15.0 Cr on account of reversal of deferred tax charge • The Board has recommended a n interim dividend of 10% (INR 0. 50 per share) ABOUT GAJA ALTERNATIVE ASSET MANAGEMENT LIMITED (“COMPANY”) Gaja Alternative Asset Management Limited is a listed pure -play alternatives manager and one of India's most established alternative AMCs, with more than two decades of experience , listed on NSE (GAJA) and BSE (544885). The Company acts as a fund manager to India -focused funds (Category II AIFs) and as adviser to offshore funds, which invest in innovation -led, high -growth, mid-market businesses. As an experienced, independent and home -grown alternatives AMC, the platform combines sector -led in vesting with active ownership across strategy, governance and operations. FOR FURTHER INFORMATION Mr Abhinav Jain , CFO Mr Kanav Khanna / Ms Saloni Soni Gaja Alternative Asset Management Limited Ernst & Young LLP Email: abhinav.jain@gajacapital.com Email: kanav.khanna@in.ey.com Contact: +91 22 24212280 saloni.soni2@in.ey.com Contact: +91 99100 36240 / +91 95832 74018 Gaja Alternative Asset Management Limited | PRE SS RELEASE | Q 2 FY27 RESULTS | 04 NOVEMBER 2026 2