Transcript of Earnings Conference Call held on Thursday, July 30, 2026 with respect to Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.

August 04, 2026 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Fort, Mumbai – 400 001 Bandra Kurla Complex Scrip Code - 544754 Bandra (East), Mumbai – 400 051 Symbol - KISSHT Sub.: Transcript of the Earnings Conference Call held on Thursday, July 30, 2026 with respect to Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. Dear Sir / Madam, Pursuant to Regulation 30 read with clause 15 of Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, please find enclosed herewith the transcript of the Earnings Conference Call held on Thursday, July 30, 2026, with respect to Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The transcript has also been uploaded on the website of the Company and can be accessed at: Kissht Q1FY27 Transcript Kindly take the same on record. Thanking You, For OnEMI Technology Solutions Limited (formerly known as OnEMI Technology Solutions Private Limited) Shraddha Rajkumar Patangia Company Secretary and Compliance Officer Membership No.: A55210 Encl: As above OnEMI Technology Solutions Limited (Kissht) Q1 FY27 Earnings Conference Call July 30, 2026 MANAGEMENT: MR. RANVIR SINGH – CHAIRMAN, DIRECTOR & CHIEF EXECUTIVE OFFICER MR. KRISHNAN VISHWANATHAN – DIRECTOR & CHIEF FINANCIAL OFFICER AND SENIOR MANAGEMENT TEAM MODERATOR: MR. AJIT KUMAR – JM FINANCIAL INSTITUTIONAL SECURITIES LIMITED Page 1 of 20 OnEMI Technology Solutions Limited July 30, 2026 Moderator: Ladies and gentlemen, good day and welcome to Q1 FY27 Earnings Conference Call of Kissht - OnEMI Technology Solutions 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. Please note that this conference is being recorded. I now hand the conference over to Mr. Ajit Kumar from JM Financial Institutional Securities Limited. Thank you and over to Mr. Kumar. Ajit Kumar: Thank you, Neerav. Good afternoon, everyone. This is Ajit Kumar from JM Financial. Welcome to Q1 FY27 earnings call of OnEMI Technology Solutions Limited, Kissht. On behalf of JM Financial, I would like to thank Kissht management for giving us the opportunity to host them to discuss the earnings. I am pleased to welcome Mr. Ranvir Singh, Founder and CEO; Mr. Krishnan Vishwanathan, Founder and CFO; Ms. Neha Shivran, Chief Data Analytics Officer; and Mr. Chirag Jain, Head of Strategy and Investor Relations. I now invite Mr. Ranvir Singh for his opening remarks, post which we will open the floor for Q&A. Over to you, Ranvir. Ranvir Singh: Thank you, Ajit and Neerav, and good afternoon, everybody. Welcome to the call. As you know, we are Kissht, focused on digital lending. We have built a platform which allows anyone in India to come to our platform via phone and avail a loan. The entire journey, from the first tap to money reaching the account, takes about 5 to 10 minutes. Our aim here is straightforward, which is making borrowing easy and dignified for the customer while remaining extremely diligent on risk. Speed, for us, doesn't mean haste. Our commitment to risk is uncompromising, and it shapes everything we do. The AI and machine learning models read the risk in every loan, and the collections framework built to be both firm and fair. Basically, the risk being meticulously watched, measured, and controlled. And it is this discipline which underpins our performance for this quarter. The registered users grew 33% year-on-year to 74.6 million. We have now served 12.25 million customers, an increase of 26% year-on-year. AUM stood at INR 8,001 crores, up 61% year-on- year and 13% quarter-on-quarter. Profit after tax grew to INR 95 crores, higher by 59% year- on-year and 16% quarter-on-quarter. Return on average AUM held steady at 5.05%, a reflection not only of growth, but of its quality. On the macro picture, the Indian economy remains steady, and, as you know, this steadiness is what a lender like us values the most. The Reserve Bank has held a neutral stance and left rates unchanged. For lenders, I believe predictability in the cost of funds matters more than the availability of cheap money, rather. Two developments are worth watching, though neither touches our book directly. The first is West Asia, where the risk is not geography but transmission through higher oil prices, the cost of shipping, and, over time, the confidence of the customer. The second is the Reserve Bank's push on FCNR(B) deposits, which has drawn in foreign currency and eased system liquidity. And as you know, easier liquidity tends to lower the cost of funds for lenders like us. But neither Page 2 of 20 OnEMI Technology Solutions Limited July 30, 2026 changes our strategy, but both deserve attention because lending books are often affected first by second-order impact, rather than the first-order headlines. Beyond the ebb and flow of any single quarter, the long-term opportunity in India remains unmistakably gargantuan. A large and growing number of Indians, be it salaried and self- employed alike, with steady incomes, digitally active with a profile that can be read without any manual intervention, now want credit on their own terms, which is fast, simple, and digital. Our underwriting is shaped as much by what we see across the industry as by what we see on our own book. The bureau data for the industry now shows a clear divergence beneath a calm surface. Talking about industry, headline asset quality looks benign, yet beneath the surface, stress is building, concentrated in a few places, particularly in the small ticket loans or instances of borrowers carrying debt across several lenders at once, and households taking new lines only to service old ones. Stress of this kind doesn't show itself in the averages, rather it hides in pockets. We watch for those pockets early, and act in both directions. Just to give you an instance, last quarter, out of caution, we paused lending across roughly 450 pin codes based on what our early warning system had flagged. We have re-examined those pin codes since. The signals have turned modestly positive, and we have reopened approximately 40% of these pin codes already. Let me tell you, this is cautious optimism, not a change of stance. As we said last quarter, we would rather carry prudence slightly early than discover optimism slightly late. We are also watching the early signs that AI is reshaping certain salaried profiles. We have already, adequately altered our underwriting, to give more weight to the durability and sustainability of income, and not merely the quantum. The bureau data tells a two-sided story, while our craft lies in telling the two sides apart. For the industry, the quality of new customers has softened even as headline delinquencies in personal loans have improved - both are true at once. Our recent vintages are performing materially better than a year ago. Let me reiterate, our recent vintages are performing materially better than a year ago and in lending, as you may know, a loan's early behavior is a dependable guide to its eventual loss. We'll keep reading the first signs of stress and acting before they surface in the numbers. Talking about key financial and operational numbers, AUM stood at, as I mentioned, INR 8,001 crores, up 61% year-on-year and 13% quarter-on-quarter. Disbursement for the quarter were INR 3,812 crores, up 37% year-on-year. As our repeat customers, who are decisively high quality, move to longer tenures, disbursement growth will be slower than the AUM growth. But for us, the AUM, the true measure of the value we are building, continues to grow at a strong pace. Total income was INR 677 crores, up 45% year-on-year. As a share of average AUM, total income fell 249 basis points [Showing first 8,000 characters — download PDF for full document]