Please Find enclosed herewith the Transcript for Investor Call held on July 31, 2026

August 03, 2026 The Listing Department The Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla, Complex Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai-400051 25th Floor, Dalal Street, Mumbai-400001 SYMBOL: NUCLEUS SCRIP CODE: 531209 Dear Sir/Madam, SUB: TRANSCRIPT OF THE INVESTOR EARNING CALL OF THE COMPANY In pursuant to above mentioned subject, we are hereby enclosing the Transcript of the Earning conference Call of the Company for the Quarter ended June 30, 2026, held on July 31, 2026. This is for your information and records. Thanking You Yours Sincerely For Nucleus Software Exports Limited (Poonam Bhasin) Company Secretary Encl: as above Registered Office 33-35 Thyagraj Nagar Mkt, New Delhi - 110003 Tel.: +9.11.2462.7552 F.: +91.11.2462.0872 Nucleus Software Earnings Conference Call Event Date / Time: 31/07/2026, 15:00 Hrs. Registered Office 33-35 Thyagraj Nagar Mkt, New Delhi - 110003 Tel.: +9.11.2462.7552 F.: +91.11.2462.0872 Moderator Good afternoon, everyone. This is Akash. A very warm welcome to all of you, for this Nucleus Software Earnings Conference Call, for the quarter ended on June 30, 2026. For the discussions, we have here from the management team, Mr. Vishnu R. Dusad, our Managing Director; Mr. Parag Bhise, CEO and Executive Director; Mr. Ashok Kumar Bhura, Chief Financial Officer; Mr. Apurva Chamaria, Chief Business Officer; Mr. Anurag Mantri, Chief Operating Officer; Mr. Mukesh Bangia, Vice President; Mr. Abhishek Pallav, Vice President; Mrs. Swati Patwardhan, Chief Human Resources Officer; Mr. Bhavit Vijay Godiwala, Chief Customer Success Officer; and Mr. Tapan Jayaswal, Financial Controller. As you all are aware, Nucleus Software does not provide any specific revenue earnings guidance. Anything which is said during this call, which may reflect company's outlook for the future, or which may be considered as forward-looking statement, must be reviewed in the conjunction with the risk that the company faces. An audio and transcript of this call would be shortly available on the Investors section of the company's website, www.nucleussoftware.com With this, we are now ready to begin the opening comments on the performance of the company, and post that we would be available for the question-and-answer session. With this, I now pass it over to Mr. Vishnu. Thank you, and over to you, sir. Vishnu R. Dusad Good afternoon, and a very warm welcome to all of you. And thank you very much for your continued interest in Nucleus Software. I will request Parag to give you a perspective. Parag Bhise Good afternoon, everyone, and thank you so much for joining this call. So, while we talk about our financial performance, but I also wanted to share a couple of important updates. We have been talking about our AI strategy, and there have been some questions also. I wanted to inform that the groundwork undertaken over the past few quarters is beginning to translate into tangible progress now. Our enterprise AI foundation is now in place. Alongside this, we are also undertaking an organization-wide learning and upscaling initiative to equip our associates with the capabilities that are required in adopting this AI framework. Secondly, recently, we launched our similar new GA, the full-blown release 9.0, which among other things also brings embedded AI capabilities across the lending life cycle. That's the other thing I wanted to talk about. Registered Office 33-35 Thyagraj Nagar Mkt, New Delhi - 110003 Tel.: +9.11.2462.7552 F.: +91.11.2462.0872 Another important thing, of course, we have already shared it in our press release, but I wish to welcome Mr. Bhavit Godiwala as Chief Customer Success Officer. He brings nearly three decades of experience across banking technology and digital transformation, core banking, transaction banking domains, and he will be looking after leading the initiative of customer success organization. Finally, we recently completed 5 years of our journey with one important partner in Sri Lanka, which is Hatton National Bank. They are our FinnAxia customers. We completed a 5 years journey with them, and we just did a small celebration with them so these are the few updates we wanted to give and over for the financial updates. Swati Ahuja Now, I request Mr. Tapan to present the financial number. Over to you, Mr. Tapan. Tapan Jayaswal Hello. Good afternoon. Am I audible? Moderator Yes sir. You're audible. Tapan Jayaswal Our consolidated revenue for the quarter is at INR 210.4 crore, a growth of 6.4% QoQ and 3.4% YoY. Product revenue during the quarter is INR 176.6 crore at 83.9% as against 84.1% during previous quarter. India region constitutes 56% of revenue, followed by 12% from Middle East, 11% from South Asia, 5% from Europe and rest others. During previous quarter, India constituted 58% of revenue followed by 13% from Middle East, 11% from South Asia, 4% from Europe and rest others. Revenue from top five clients contributed 28.1% of revenue in the quarter, as against 29.3% during previous quarter. Cost of delivery including cost of product development for the quarter is INR 160.4 crore, an increase of 1.9% QoQ and 5.1% YoY. It constitutes 76.2% of revenue against 70% QoQ and 70.1% YoY. Marketing and Sales expenses for the quarter is 10% of revenue against 7.1% QoQ and 6% YoY. General and administrative expenses for the quarter is 10.1% of revenue against 7.5% QoQ and 8.3% YoY. EBITDA for the quarter is at INR 7.6 crore as against INR 34.6 crore QoQ and INR 33.7 crore YoY. Margins during the quarter is 3.6% as compared to 15.4% QoQ and 15.5% YoY. Other income during the quarter is INR 17.8 crore, growth of 19.5% QoQ and degrowth of 0.7% YoY. Income from investment and deposit is INR 18.9 crore and Forex loss is INR 1.1 crore. Registered Office 33-35 Thyagraj Nagar Mkt, New Delhi - 110003 Tel.: +9.11.2462.7552 F.: +91.11.2462.0872 This growth is driven by mark-to-market gains on debt mutual funds, resulting from falling interest rate in Q1. Forward covers as on 30th June 2026, are USD 2 million at an average rate of INR 94.692 USD. Profit after tax during the quarter is INR 23.9 crore, degrowth of 30.9% QoQ and 32.2% YoY. The order book position as on 30th June 2026, is INR 1,244 crore out of which 88% that is INR 1,096 crore is from products. On 31st March, 2026, the order book position was INR 1,044 crore, out of which 86%, that is INR 899 crore is from products. Total cash and cash equivalents as on 30th June are at INR 977.9 crore as against INR 972.4 crore on 31st March, 2026. Receivable is at INR 174.7 crore as on 30th June 2026, as against INR 121.1 crore as on 31st March, 2026. DSO increased to 63 days as compared to 42 days during previous quarter. Total headcount as on 30th June 2026 is 2,059, as compared to 2,028 as on 31st March, 2026. Attrition during the quarter is 3% as compared to 2% during previous quarter. During the quarter, pursuant to a revision in the remuneration structure, the company recognized a reduction in its gratuity liability of INR 6.99 crore and compensated absence liability of INR 2.83 crore. The resultant impact has been disclosed as an exception item in the financial statements. To reward exceptional talent, the company during the quarter has granted restricted stock units to eligible employees under the Nucleus Software RSU Scheme-2026. Now I hand it over to Swati. Swati Ahuja Thank you sir. With this, we are now open for Q&A session. I will pass over to you, Mr. Akash. Over to you. Moderator Thank you, ma'am. With this, we are now open for the Q&A session. If you wish to ask a question please press * and 1 on your telephone keypad and wait for your name to be announced. If you wish to cancel your request, please press * and 1 again. Ladies and gentlemen if you wish to ask a question please press * and 1 on your telephone keypad. The first question is from the line of Mr. Rushabh Shah from BugleRock. Please go ahead, sir. Rushabh Shah Hi. [Showing first 8,000 characters — download PDF for full document]