As per enclosed file.

Date: July 28, 2026 BSE Limited, National Stock Exchange of India Limited, 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400 051 BSE Scrip Code: 544606 NSE Scrip Symbol: PINELABS Subject: Analysts / Institutional Investors Presentation Dear Sir/Ma’am, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of Presentation to be made during the conference call with Analyst/Investors as scheduled to be held tomorrow i.e., on July 29, 2026 for the information of the Stock Exchanges. The above information will also be available on the website of the Company at www.pinelabs.com/investor-relations/ We request you to kindly take the above on your records. Thanking you. For Pine Labs Limited Neerav Mehta Company Secretary and Compliance Officer Membership Number: A20949 Encl. a/a To be revised for Commerce OS positioning FROM PAYMENTS TO COMMERCE INFRASTRUCTURE Shareholders’ Q1 FY27 Letter and Results 25 May 2026 Our Vision To build the best commerce and fintech platform from Asia, for the world. Q1 FY27 2 What we do? Monetisation model Issuing & Acquiring Digital Infrastructure & Transactions Issuance In-Store & Flow, Fintech Processing & Online Affordability Infrastructure Distribution Infrastructure & Transaction Processing API for digital public infrastructure Solutions for Omnichannel across payments, issuing, processing, payment Affordability and data & insights distribution acceptance consumer Prepaid, debit & engagement credit issuance solutions to drive merchant growth Processing fees Subscription & Processing Transaction % of GTV Take Rate fees % of GTV based Fee Platform Q1 FY27 3 We have built one of the most comprehensive commerce stacks globally... Payment Processing & Credit & Engagement 1 Acquisition 2 Conversion 3 4 5 6 Acceptance Settlement Issuance & Retention EngageX – AcquireX - Payment links & Smart POS & Pine Customer lifecycle Customer Tokenization EMI / Affordability forms One management Acquisition Plural online Issuing / Acquiring Prepaid, debit & Loyalty & rewards In-store Ads Subscriptions payment gateway Switch credit processing Gift / prepaid Woohoo / Bharat Clearing, Shopflo Checkout Agentic Payments Credit Line on UPI cards Yatra settlement, payouts Tech platform BBPS / Bharat Identity & Account UPI collections / Underwriting & Fintech Infrastructure/ Setu Connect onboarding aggregation AutoPay collections Rest of the World Geography India SEA Middle East (USA, ANZ, Africa) Every new layer can be cross-sold into the same merchant–brand–bank network, expanding revenue per relationship Q1 FY27 4 ... and continue to launch new products & tech solutions across geographies Multi Products – New Innovations Multi Geographies –Expanding Rapidly SignalIQ Airline Partnerships AI based credit underwriting platform to include self-employed Strengthened international airline prepaid individuals and early-warning signals for collections partnerships with British Airways and TAROM Credit Line on UPI Cross-border Capabilities Enabling consumers to link a bank-issued revolving credit line Scaled PA-CB Import, opened new international directly to their UPI ID for instant, small-ticket merchant payments acceptance corridors and drove increased adoption at checkout of FX & DCC solutions; Live with LeverageEdu UK Singapore EMI Product (UAE and Singapore) Enables customers to convert eligible purchases into fixed Launched the Suntec Mall Card program, extending monthly instalments—often at 0% interest—making purchases our prepaid platform in Southeast Asia. more affordable Philippines GrowthHub Expanded our payment application at Gcash (Philippines) Suite of marketing and adtech solutions for SMBs, enabling with ~20k deployments customer lifecycle management across surfaces from Pine Labs and Google/ Meta Q1 FY27 5 AI Adoption: Accelerating across the stack, powering agentic payments and automation New AI Initiatives Tech Platform Agentic Payments (P3P) Agentic Organisation Delivered India's first Agentic Payment Protocol on UPI that allows Domain-specific AI agents tailored for each organization: finance, customers to setup guardrails and mandates, enabling purchases onboarding, and compliance workflows by agents on top of UPI Jarvis In-house AI Telesales Agents Multi-agent AI platform turning business workflows into autonomous AI agents that engage prospective merchants, guide them through agents in days, with enterprise-grade security and the flexibility to Pine Labs' product offerings. Reduced our telesales effort by ~60% run on any LLM Pine Labs One – AI Agent and Marketplace MARS: Monitoring and Automated RCA system Pine Labs AI – a unified AI assistant for merchants to resolve all Observability tool streamlines payment SR deviation handling and queries related to their business reduces resolution time Agent Marketplace – enabling merchants to deploy specialized AI agents to automate internal business AI contribution to Lines of codes Email queries auto- ~89% 1.5Mn 60%+ code changes touched by AI responded by AI Q1 FY27 6 Online Payments: Growing dominance, powering agentic and cross-border commerce Agentic Payment Protocol (P3P) Cross-border capabilities Checkout & Conversions for D2C Key Wins (Q1 FY27) • P3P enables trusted AI agents to • Launched & Scaled PACB • Enhanced conversion through 40+ New Merchants automatically execute payments Import business. personalized checkout offerings added within user defined rules. with Shopflo. Went live with two merchants- • 1st customer in UK live • Vijay Sales- AI agents automatically • Enabling growth for D2C & SMB secure purchases during time- • Integrated with an merchants with services across sensitive flash sales. international Payment commerce funnel - growth Aggregator in Sri Lanka. analytics, offers, channel and • Gullak-agents monitor gold prices and marketing support. invest automatically when user- • Accelerated adoption of FX defined price targets are met. and DCC solutions. • 400Cr+ D2C/SMB volumes in Q1 Growing Share across largest commerce platforms 100% 95%+ Affordability Share Affordability Share Majority of affordability volume enabler 95% Top 5 EMI processing coverage for top 5 quick com & e-com players Q1 FY27 7 In-store: Dominating enterprise, winning mid-market Dominance in Continue to Win market share in Right to Enterprise merchants Mid Market & Premium Retail Dominant market share in the country Integrated billing + payments + affordability at SMB economics Ramped-up smart bill proposition across merchants One vendor for complex needs-multi-banking, ERP, field support Deepened merchant commerce services like Ad-tech, Enterprise grade expertise enabling efficient operations merchant campaigns, DCC, pay by link enabling growth 40%+ 1.3 Lakh+ 70%+ UPI YoY growth in DCP base YoY DCP’s added Transactions* Key Wins (Q1 FY27) Key Wins (Q1 FY27) Q1 FY27 *70%+ of our DCP transactions are now on UPI for Q1 FY27 8 Key Highlights Q1 FY27 Revenue from Contribution Adjusted EBITDA Profit after Tax Operations Margin ₹737 Cr ₹533 Cr ₹126 Cr ₹20 Cr 20% YoY 72.3% Margin 17% Margin 4x YoY Platform GTV Number of Digital Checkout Number of Transactions (#) Points (#) Merchants (#) ~$45 Bn1 201 Cr 21.7 Lakh 11.5 Lakh (₹422k Cr) Q1 FY27 (1) Exchange rate $1= ₹ 94.7 (Avg. RBI reference rate for the quarter); For Definitions, please refer to the glossary section 9 Q1 FY27 Financial Snapshot (1/2) Revenue from operations (₹ Cr) Contribution Margin (₹ Cr) +20% 77.9% 76.5% 74.0% 73.3% 72.3% 744 737 +11% 616 497 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Contribution Margin % Contribution Margin • Contribution margin held strong at 72.3% which was slightly lower due to • DITP segment grew 15% YoY, on back of strong growth in flow and change in seasonal business mix & investments in connectivity [Showing first 8,000 characters — download PDF for full document]