Analysts/Institutional Investor Meet/Con. Call Updates

IDAL/2026-27/SE/105 November 6, 2026 National Stock Exchange of India Ltd Scrip Symbol - INTELLECT BSE Ltd. Scrip Code - 538835 Dear Sir/Madam, Sub: Disclosure of Earnings Call Transcript Please find attached herewith the transcript of the Investor Earnings Call held on October 30, 2026 on the unaudited financial results for the quarter and half year ended September 30, 2026. The Transcript of the earning call is also available on the website of the Company. Kindly take the above information on record. Yours Truly, For Intellect Design Arena Limited Prakash Bharadwaj Company Secretary and Compliance Officer ACS-37214 Q2 FY27 Earnings Call Investors Meeting Transcript Praveen Malik: Greetings and welcome everyone! Thank you for joining us today to discuss the Intellect Design Arena Limited financial results for the second quarter of fiscal year 2026-27, ending 30th September 2026. The investor presentation and press release have been sent to you and are also available on our website. Our leadership team is present on this call to discuss the results. We have with us today: ● Mr Arun Jain, Chairman and Managing Director ● Mr Manish Maakan, Executive President & Group Chief Revenue Officer and Chief Executive Officer of Intellect Wholesale Banking ● Mr Rajesh Saxena, CEO of Intellect Consumer Banking ● Mr Banesh Prabhu, CEO of IntellectAI ● Ms Vasudha Subramaniam, CFO ● Mr Vikas Misra, Chief Strategy Officer Besides some other senior members of Intellect management are present in the call. I will now hand it over to Manish to give his comments on the results. This will be followed by the comments of Vasudha. Thereafter, there will be a Q&A session where your questions will be answered by the senior members of the management team. During the Q&A, you can ask a question by clicking on raise hand, and we will unmute you so that everyone is able to listen. One safe harbour: I would like to remind you that anything we say which refers to our outlook for the future is a forward-looking statement, which must be read in conjunction with the risks the company faces. With this, I request Manish to give his briefing. Manish Maakan: Good afternoon, everyone. Praveen, thanks for the introduction, and thanks to everyone for joining us. Our theme remains Growth by Design, which we shared at the beginning of last quarter. Last quarter we had set out four growth engines and five measures by which we said we should look at judging us. This quarter's presentation shows them as four strategic pillars built on the same strategy. Before going into any more details, I want to go a little deeper into the first one, which shapes our future on all four pillars-MSOCK. Q2 FY27 Earnings Call MSOCK is about making enterprise knowledge computable. This was a significant innovation that we brought to market in September. We launched MSOCK, a multi-dimensional, multi-layer system of connected knowledge. Here is the problem it solves: the industry has invested over billions in AI, yet productivity has barely moved. AI tools are brilliant on day zero and side lined by day two, because AI knows the world but not the institution, its systems, its dependencies, its rules and its connected knowledge. MSOCK closes that gap. Just as the relational database made data queriable, MSOCK makes enterprise knowledge connected and computable; so AI can understand a mission-critical system, whatever you saw on your screen, see the blast radius for a chain, and act under governance before anything else is touched. The five engines around which we have built these capabilities. It coexists with whatever our customers already have, and our message is simple: keep your agents, keep your AI tools, and add MSOCK to make your knowledge computable. How MSOCK matters to Intellect: It opens a new market segment for us, where every bank, insurer or capital markets firm with a complex legacy estate must understand it before it can modernise it. Our challenge to the market: bring one complex module, give us three weeks, and we will map it, govern it, and prove the blast radius. Second, it strengthens everything we sell eMACH.ai and Purple Fabric are now engineered using MSOCK, and it is already changing our own economics, and Q2 already shows it. MSOCK is now validated across 141 internal projects, with 39 patents filed. In this quarter we took 25 institutions live, up from 16 in Q1, yet our total cost stayed flat versus Q1, including higher marketing cost. More output from the same cost base is exactly what MSOCK is built to deliver, and in a moment, we will show what this has meant for one specific customer. Our four pillars for strategic growth let me start with the evidence first. Our trailing-twelve-month income is up 17% and has risen in each of the last seven quarters on an LTM basis. We recorded 21 wins this quarter, including 8 destiny wins, up from 7 in Q1 and 25 financial institutions went live on our platforms, up from 16 in Q1, and we delivered at a lower delivery cost than Q1. Let me show how these trace back to the choices made. First one AI-led transformation-the choice was to invest in proprietary AI ahead of demand. The output is AI now winning deals on its own merit. A large US property and casualty insurer chose us in two deals in AI-led submission processing and underwriting. An AI-led digital bank in Bahrain, focussing on business clients and digital assets, chose eMACH.ai as its digital core. One of Mexico's largest banks will use AI-led document processing in its new trade finance platform. A global contract research organisation and an Indian precision manufacturer chose iAPX, which is our procurement platform, for AI-led accounts-payable automation; outside banking all together A Kuwait leading retailer chose our AI-driven customer personalisation. In total, 7 of our 21 wins this quarter were AI-led. AI is no longer just a feature of our proposals; it is a reason customers choose us in banking and beyond. Q2 FY27 Earnings Call The Choice since FY 27 the 2nd Pillar is Marcus drive. Stay on the pillar slide please. A Pillar 2 was to focus on strategic markets and global growth. This has been our focus and Most of our investment in last couple of years has gone into the Americas and Europe, and the output is platform-scale decisions from major banks., Like I shared one of Mexico's largest banks came back to buy eMACH.ai Trade Finance; One of the the Nordics region leading but selected eMACH.ai Payments for its UK operations; and a leading US financial services provider selected Payments for its US business. 9 of our 21 wins this quarter came from the Americas and Europe, which is more than half of this quarter's value and more than half of our new signings. Pillar 3 is strategic platforms and innovation; the choice was to build platform that turn into domain expertise and propositions that sell repeatedly. Our credit union business, is a classic example acquired through Central 1, continues to win more. A transaction-banking platform which has been chosen in the UAE and Jordan for repeatedly, a composable core-banking platform in five countries, and a payments modernisation across the UK and US. Repeatability is what lets our IP scale without custom development; a repeat proposition sells faster, implements faster and needs less customisation. It’s been proven that. I just want to add One specific item over here, which we will look through our numbers later: I Would like to share one of our large credit unions, who had made a decision on an alternative platform prior to our acquisition of Central 1, completed its migration to an alternate Platform there by creating reduction in our SaaS revenue this quarter, and it's important to call that out as you go through our results. Our platforms are also earning independent recognition. At the ET Enterprise AI Awards, Arun was recognised as an Indian CEO Driving AI Innovation, and Purple Fabric was named Best AI Development Platform. 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