General Updates

Premier ARC November 06, 2026 To, To, National Stock Exchange of India Limited BSE Limited Corporate Action Department Corporate Relationship Department Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai – 400051 Mumbai - 400 001 Symbol: ARCIL Scrip Code: 544921 Dear Sir/Madam, Sub: Submission of Transcript of Earnings Call held on October 30, 2026. In accordance with Regulation 30 and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcripts of the earnings call with analysts and investors held on October 30, 2026, in relation to the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026, are enclosed herewith. The aforementioned transcript is also uploaded on the website of the Company and can be accessed at the below weblink: https://www.arcil.co.in/investor-relations/quarterly-financial-results We request you to kindly take the above on record. Thanking you, Yours faithfully, For Asset Reconstruction Company (India) Limited Ameet Ashok Kela Company Secretary and Compliance Officer Membership No.: F7934 Encl.: as above Asset Reconstruction Company (India) Limited The Ruby, 10th Floor, 29, Senapati Bapat Marg, Dadar (West), Mumbai 400 028. India Tel: (+91 - 22) 6658 1300 | Fax: (+91 22) 6658 1313/14 |E-mail: investor.relations@arcil.co.in |Website: www.arcil.co.in C orporate Iden tification Number: L65999MH2002PLC134884 “Asset Reconstruction Company (India) Limited Q2 & H1 FY27 Earnings Conference Call” October 30, 2026 “E&OE - The transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 30th October 2026 will prevail” MANAGEMENT: MR. PHANINDRANATH KAKARLA – CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR – ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED MR. PRAMOD GUPTA – CHIEF FINANCIAL OFFICER – ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED Page 1 of 14 Asset Reconstruction Company (India) Limited October 30, 2026 Moderator: Ladies and gentlemen, good day and welcome to Asset Reconstruction Company (India) Limited Q2 and H1 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 touchtone phone. Please note that this conference is being recorded. Without taking any more time, I will now hand it over to Mr. Phanindranath Kakarla for his opening remarks. Thank you, and over to you, sir. Phanindranath Kakarla: Good morning, ladies and gentlemen, and welcome to the earnings call of ARCIL for the 2nd quarter and half year ended September 30th. At the outset, my warm wishes to all of you for the festive season. I am Phanindranath Kakarla, CEO and MD of ARCIL. Joining me is Mr. Pramod Gupta, our Chief Financial Officer and the Strategic Growth Advisors, our Investor Relations Advisors. I think you may have noticed the image on the cover of our presentation. Kintsugi is the Japanese art of repairing broken pottery with gold so that the restored piece carries more value than before. That is a fair picture of our work. We take assets that are broken and restore their value, guided by the same approach. Buy with discipline, resolve with urgency and deploy capital with a clear focus on returns. This half year also marked a milestone for us. In September, ARCIL became India's first listed ARC. Since then, we have multiple investors and more than 1 lakh shareholders and we take seriously the transparency that comes with being a listed company, including being clear about how our business should be read. Given our recent listing, it has only been a few weeks since our first call so I will keep the context brief and spend most of my time on what this half year tells us. Pramod will then take you through the numbers in detail. The scale of the opportunity has not changed, in fact, likely to grow. CRISIL estimates total stress across banks and NBFCs at about INR23.7 lakh crores in FY26. About INR15.9 lakh crores of it, two-thirds is NPAs and written-off loans, which is what stressed lenders actually sell. The remaining 7.8 lakh crores are special mention accounts. Over the last couple of years, we have seen that banks and NBFCs have also started selling special mention accounts. In fact, in the retail book across the industry, close to over 25% of the accounts being sold by number of accounts is of special mention accounts. Corporate written-off loans alone account for about INR6.4 lakh crores and retail and MSME for the remaining about INR9.5 lakh crores. This pool has been growing by around INR1 lakh crores a year while ARCs buy below 10% of it, which is our own estimate, internal estimate, each year as per our estimates. That gap and the growing stressed asset market is the industry's runway. As India's first and largest private ARC, we are well equipped to use that runway. We price with discipline. Page 2 of 14 Asset Reconstruction Company (India) Limited October 30, 2026 Our AUM is about 14% of the INR1.4 lakh crores of dues we manage. And in this half year, we acquired assets at about a fifth of their dues. We draw on more than two decades of resolution experience and relationships with more than 140 lending institutions. Our technology platform serves more than 3.29 million retail borrowers, supported by 15 offices across 12 states. And with net worth of over INR3,300 crores, debt-to-equity of 0.37 times and capital adequacy of 70.5%. Our balance sheet has clearly room to grow. These trends are visible in our market position between FY24 and FY26, our share of industry AUM rose from 11% to 15% and our share of industry acquisitions from 6% to 17%. Compared with the half year of last year, our AUM grew 21% to INR20,274 crores. Acquisitions rose 18% to INR1,707 crores and recoveries rose 21% to INR2,135 crores. Total income rose 48% to INR516 crores and profit after tax rose 54% to INR290 crores. The half also shows the pattern we described on our first call. Acquisitions build through the period. Quarter 2 acquisitions were nearly 4x those of Q1 and 43% higher than the same quarter last year. Recoveries crossed INR1,000 crores in both the quarters even though the timing of individual corporate resolutions left Q2 below the strong Q2 last year and the ECL provision taken in Q1 has been partially reversed. That is why we ask you to look at our business over longer periods. Resolution cycles are long, corporate recoveries are lumpy and acquisitions are seasonal, concentrated in the second half as lenders review asset quality ahead of their year-end. A half year smooths some of that variation, a full year smooths it more. We have also made progress on collection as a service, which puts the platform we built for our own retail book to work for banks and NBFCs. We have started pilots with a couple of lenders, and we expect to scale it through the second half. We go into the second half seasonally our strongest period for acquisitions. With a healthy pipeline. Our priorities are to grow our corporate book, particularly mid-sized assets with sound underlying value, to increase the share of retail and SME, to scale collection as a service for banks, to evaluate stressed microfinance portfolio selectively and to keep investing in technology and analytics to lift recovery outcomes. With that, I will hand over to Pramod. Thank you. Pramod Gupta: Thank you, Phani and good morning, everyone. I will take you through our performance for the half year, touch briefly on the second quarter and then cover our balance sheet and our consolidated results. Unless I say otherwise, all comparisons are with the first half of FY26. As of September '26, our AUM stands at INR20,274 crores, u [Showing first 8,000 characters — download PDF for full document]