Analysts/Institutional Investor Meet/Con. Call Updates

Date: 30th July 2026 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 BSE Scrip Code: 544179 NSE Symbol: GODIGIT Subject: Transcript of earnings call of the Company for the quarter ended 30th June 2026 Dear Sir/Madam, Pursuant to Regulation 30 and Para A of Part A of Schedule III and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith transcript of the earnings conference call held on Thursday, 23rd July 2026 on performance review of the Company for the quarter ended 30th June 2026. The above information is being made available on the Company’s website at www.godigit.com. We request you to kindly take the above intimation on record. Thanking you, Yours sincerely, For Go Digit General Insurance Limited Tejas Saraf Company Secretary & Compliance Officer Go Digit General Insurance Limited | Registered Office: 1 to 6 Floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City Survey No. 1579, Shivajinagar Pune - 411005 Maharashtra | CIN: L66010PN2016PLC167410 | IRDAI Reg. No: 158 Website www.godigit.com Email Id: hello@godigit.com Toll free 1800-258-5956 “Go Digit General Insurance Limited Q1 FY27 Earnings Conference Call” July 23, 2026 MANAGEMENT: MR. KAMESH GOYAL – CHAIRMAN MS. JASLEEN KOHLI – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. RAVI KHETAN – CHIEF FINANCIAL OFFICER MR. PIYUSH BOTHRA – HEAD OF FINANCIAL REPORTING AND INVESTOR RELATIONS MS. DIVYA – MANAGER – GROUP FINANCIAL REPORTING MODERATOR: MR. ANSUMAN DEB – ICICI SECURITIES LIMITED Page 1 of 23 Go Digit General Insurance Limited July 23, 2026 Moderator: Good day, and welcome to the Go Digit General Insurance Limited Q1 FY27 Earnings Conference Call hosted by ICICI Securities Limited. 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 call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Ansuman Deb from ICICI Securities Limited. Thank you, and over to you, sir. Ansuman Deb Good evening, ladies and gentlemen. We are extremely delighted to host the management team of Go Digit General Insurance. I now hand over the call to Chairman, Mr. Kamesh Goyal. Over to you, sir. Kamesh Goyal Thanks, Ansuman, and good evening, everyone, and thanks for joining the earnings call for Q1 '26-'27. With me, I have Jasleen, our CEO; Ravi, our CFO; Piyush, Head of Investor Relations; and Divya, who works in the finance team and also with Piyush. Let me just start by saying that this is our 10th earnings call, 2 years since we listed. Let me also thank you for staying with us during this period. I noticed a lot of you joined the call on a regular business. One thing which I have realized maybe in my last 2 years compared to my 38 years in insurance is that convincing customers to pay us premium, trust us with their risk turns out to be a lot more easier than convincing the analysts and investors. When we went public 2 years back, we had made one decision. Whatever happens, we will not change the DNA that got us here. We chart our own path. Where the market is going, we are often happy to sit it out. Where everyone sees risk, that is usually where we get interested. We do not chase growth. That does not pay for itself. And as some of you have noticed in the past, occasionally with some frustration, we do not give guidance. We would rather you judge us by terms of what we do rather than what we promise. The second thing which we had decided is that on every call, we'll explain how we think our KPIs, how we allocate capital, why retention matters, how we read the Indian accounting standards, that is IFRS, same framework every quarter. We may bore you, but at least in my view, we are consistently boring. And one thing we are quietly proud of this quarter, we are the first multiline insurer in the country to declare all our results under Indian accounting standards as per proforma prescribed by IRDAI. As we are preparing for the start of the new financial year, what was the scene like? For 5 years, there has been no increase in third-party motor rates. Expense of management rules have pushed the commissions up. Pricing across most lines of business has drifted down, and now it is down across the board. At the same time, claims costs have climbed on own damage, parts, paint, labour, TP claims as they go up every year due to increase in rates and also increase in inflation. Third-party claims are linked to wages. Every minimum wage revision increases the cost up. And these things, they Page 2 of 23 Go Digit General Insurance Limited July 23, 2026 don't come back down. We have not assumed any of these settle on their own in near future. So we consciously decided that these times call for a clear direction that is growth or profitability as both can't be balanced. We decided to focus on maintaining profitability. So for us, this is a soft quarter and much of it is soft by choice. You will see growth that looks flat to negative. And I want to be clear that this is us doing the things we have always said we would do if market turns bad. And this is not what market is doing to us. In a soft market, we would rather protect the quality of the book than the optics of a single quarter. I'll take you through exactly where we have stepped back and why slide by slide. I'll leave you with one thought before we get into the numbers, and you will see me coming back to this thought a couple of times as we go along. We are built to do well either way. That is, we suffer the least if market stays soft, that is where they are because we do not depend on the props that are hardest to sustain and we gain the most when the market turns because the book underneath is clean. When I say props, I mean booking reinsurance commission upfront, high dependence on capital gains to protect profitability. Both are now under threat due to IFRS or Indian Accounting Standards and the present stock market level. I'll cover this optionality, which we have on the business side as well as on the investment side in detail later. With that, let me take you through the numbers. Like always, we'll answer every single question. If it means we go beyond 1 hour today, that is fine, too. Now moving to the first slide, which is Slide number 4 on the deck. This is the numbers we normally present. If you look at our AUM, they have increased. Overall numbers look good. The one number which I think is coming up, and this is where I want to explain is our motor market share is now 5.6%. This compared to Q1 last year or compared to the whole of '25-'26 against 6.25% for the whole year. Now this is coming to 5.58% or 5.6%. Now reduction in motor market share is primarily due to the corrective actions we have taken essentially in private car, both stand-alone own damage section, about which I have spoken in the past and also non-new cars where we feel the combination of commission and the premium rates do not justify writing business in the same volume as we were doing earlier. In commercial vehicles, and some of you would recall, 4, 5 years back, this was 65% of our total book. This quarter, this has dropped to, I think, 23%, 24% of the motor. So commercial vehicle as a business is something we have been giving up, and we have really given a lot of business we were writing in the first quarter. Something which personally to me, this is not a company's view, is that I cannot understand how some companies are now being so aggressive in TP business while there has been no price hike in the last 5 years and inflation increases claim severity. Anyway, good luck to them. Now let's move to the next slide. Now I think th [Showing first 8,000 characters — download PDF for full document]