Analysts/Institutional Investor Meet/Con. Call Updates

Date: November 04, 2026 To, The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 India Mumbai – 400 001 India Symbol: ACEVECTOR Scrip Code: 544962 Subject: Q1, Q2 and H1 of FY 2026-27 Earnings Conference Call - Transcript Dear Sir/Madam, Greetings from AceVector Limited. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, we are enclosing herewith the transcript of the Q1, Q2 and H1 of FY 2026-27 results conference call held on Tuesday, the 27th day of October 2026 at 9:00 a.m. (IST). You are requested to kindly take the same on record. This information is also available on the website of the Company at https://www.acevector.com/results. Thanking You, Yours Sincerely, For AceVector Limited Madhvendra Shukla Company Secretary and Compliance Officer Membership No.: F12097 Place: Gurugram Encl.: As above “AceVector Limited Q1, Q2 and H1 FY27 Earnings Conference Call” October 27, 2026 MANAGEMENT: MR. KUNAL BAHL – COFOUNDER AND JOINT MANAGING DIRECTOR MR. ROHIT BANSAL – COFOUNDER AND JOINT MANAGING DIRECTOR MR. ACHINT SETIA – CHIEF EXECUTIVE OFFICER, SNAPDEAL MR. KAPIL MAKHIJA – CHIEF EXECUTIVE OFFICER, UNICOMMERCE MR. BHARAT VENISHETTI – CHIEF FINANCIAL OFFICER MODERATOR: MR. RISHI JHUNJHUNWALA – IIFL CAPITAL SERVICES Page 1 of 11 AceVector Limited October 27, 2026 Moderator: Good day, everyone. All participant lines will remain in listen-only mode during the presentation, followed by a Q&A session. 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. Please note that this conference or meeting is being recorded. I now hand over the conference to Mr. Rishi Jhunjhunwala from IIFL. Over to you, sir. Rishi Jhunjhunwala: Thank you. Good morning, ladies and gentlemen. On behalf of AceVector Limited and IIFL Capital, we welcome you all to the company's Q1 -- Q2 and H1 FY27 Earnings Conference Call. Joining us today are Mr. Kunal Bahl and Mr. Rohit Bansal, co-founders and joint managing directors of AceVector; Mr. Achint Setia, CEO of Snapdeal; Mr. Kapil Makhija, CEO of Unicommerce; and Mr. Bharat Venishetti, CFO of AceVector. Just as a disclaimer, today's conference call may contain forward-looking statements reflecting the company's current views and expectations. These statements are subject to risks and uncertainties and do not represent guarantees of future performance. I now invite Mr. Kunal Bahl to take forward the proceedings. Over to you, Kunal. Kunal Bahl: Thank you, Rishi and a very warm welcome to everyone joining us for our first earnings conference call. This is a very important milestone for us and we are very pleased to begin this dialogue with our investors and the analyst community. We look forward to using these interactions to share our progress, discuss our priorities and answer your questions. For our inaugural call, we thought it would be useful to do a one-time audio-visual presentation that introduces our business in greater detail and gives you a glimpse of how our platform is built around the needs of our consumers. Today, we will spend a little more time on Snapdeal, taking you through the business, its performance and our priorities ahead. We will also cover key updates on Unicommerce. As a publicly listed company, Unicommerce shared detailed updates through its regular disclosures. You can refer to its earnings call held yesterday and the earnings materials on its website for further details. We will also be happy to answer questions on Unicommerce during the Q&A. Now, let me begin with AceVector. We have two main businesses. Snapdeal, which is a value- focused e-commerce marketplace connecting consumers with sellers offering affordable fashion products and Unicommerce, an AI-first e-commerce enablement platform that helps brands and retailers to manage their business operations efficiently in an increasingly complex business environment. Both businesses share three core principles. First, asset-light operations without the need for investing in infrastructure development; second, strong operating leverage, a lean fixed-cost base that allows growth in scale to translate into improved profitability and third a clear focus on building sustainable, profitable businesses. I will now hand over to Achint to take you through the details of the Snapdeal business, following which Kapil will share more about the Unicommerce business. Page 2 of 11 AceVector Limited October 27, 2026 Achint Setia: Thank you, Kunal and good morning, everyone on the call. To start with, Snapdeal's purpose and vision is to democratize trendy fashion for a billion Indians by being the platform of choice for trendy, quality and value fashion for the aspiring consumers of India. We'd like to show you a short film on why we believe in this opportunity. [Audio and video film played as a part of the presentation] So, Snapdeal is building the go-to online fashion destination for Indian value shoppers. The Indian fashion market is broadly divided into three distinct price segments. At the lower end of the spectrum is the entry-level clothing segment below the INR300 price point. The target consumers here are at the bottom of the affordability spectrum, with many of them having recently moved from used clothes to buying their own new clothes for the first time. These customers are seeking the lowest price option for their clothing needs. At the top end is the branded fashion segment, above the INR800 price point, targeting the brand-conscious, affluent customers. And then there is the large middle, targeting the aspirational buyers who are seeking trends, quality and value, all at the same time. They can afford to trade for better quality than offered by entry-level clothing, but aren't willing to pay the premium of the brands. This is the value-conscious segment, within the INR300 to INR800 bracket, that Snapdeal serves distinctively. Our customers are young, aspirational shoppers with Gen Z constituting nearly two-thirds of our new customers in H1 and growing in prominence over the last 4 years. In addition, 80% of our sales come from outside metros, reflecting the larger India opportunity in value fashion. Talking about the Snapdeal proposition in further detail, there are three distinct pillars of our strategy. FashionX, CustomerX, and CreatorX, with the "X" denoting the AI-first approach we have taken in enabling each of these pillars. Through FashionX, we offer wide and trendy fashion at value prices, with a focus on quality and curation. Through CustomerX, we offer an AI-powered shop shopping experience that enables delightful discoveries and engagement for our customers. And through CreatorX, we enable influencer-inspired content discovery and regional demand generation through our creator network. Starting with FashionX, fashion categories now constitute nearly 68% plus of our business, with 91% year-on-year growth in our active fashion listings, reaching nearly 95 lakhs listings in H1. Our fashion NMV has grown by a healthy 31% year-on-year in H1. The other core element of our proposition is curation and quality management. We curate sellers from some of the top quality fashion manufacturing hubs of India. As sellers come on board, our AI algos help with initial screening and scale up with support of customer feedback and ratings, reviews, and returns information. Only those sellers whose assortment stays above a minimum quality threshold of the platform are allowed to prosper further, while others are disabled by our AI algorithms. Even on an ongoing basis, these algorithms ensure that no active seller operates below the desired quality threshold. This has resulted in a consistent 4 out of 5-star produc [Showing first 8,000 characters — download PDF for full document]