Analysts/Institutional Investor Meet/Con. Call Updates

CIN : L80903WB2011PLC156614 ‘qrizqc WING A, 3rd FLOOR,Constantia Building, 11 Dr. U.N.Brahmachari Street, Shakespeare Sarani,Kolkata- 700017 MAKING West Bengal, India EDUCATION EASY Date: August 7, 2026 [To To [National Stock Exchange of India Ltd BSE Limited [Exchange Plaza, 5th Floor, C-1, Block G, [Lst Floor, Phiroze Jeejeebhoy Towers Dalal [Bandra Kurla Complex, Bandra (E), Street Mumbai - 400001 Mumbai 400051 Scrip Code: 544439 [Symbol: CRIZAC Sub: Transcript of Conference Call with Analysts / Investors pertaining to the Unaudited Financial Results (Standalone & Consolidated) of the Company for the Quarter Ended 30th une, 2026 Dear Sir/ Madam, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, enclosed please find the transcript of the Conference call with Analysts / Investors held on August 4, 2026, post declaration of the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended 30t June, 2026. The said transcript is also available on the website of the Company at: https:/ /www.crizac.com/stock-exchange This is for your information and record. Thanking you, For Crizac Limited Kashish Arora Company Secretary and Compliance Officer Membership no: A38644 @ (033) 3544-15 @ info@crizac.com &% www.crizac.com ‘qrizac MAKING EDUCATION EASY “Crizac Limited Q1 FY27 Earnings Conference Call” August 04, 2026 A("@r i" zac MANAGEMENT: DR. VIKASH AGARWAL — MANAGING DIRECTOR — CRIZAC LIMITED MR. CHRISTOPHER NAGLE — CHAIRMAN — CRIZAC LIMITED MR. MANISH AGARWAL — CHIEF FINANCIAL OFFICER — CRIZAC LIMITED MR. SANJEEV SANCHETI — INVESTOR RELATIONS ADVISOR — CRIZAC LIMITED MODERATOR: MS. NIHARIKAA PANPALIYA — ANAND RATHI SHARES AND STOCK BROKERS LIMITED Page 10f18 ‘@ri_zmgc Crizac Limited EDUCATION EASY August 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Crizac Limited Q1 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, please signal an operator by pressing star, then zero on your touch-tone phone. Please note this conference is being recorded. I now hand the conference over to Ms. Niharikaa from Anand Rathi Shares and Stock Brokers Limited. Thank you, and over to you, ma'am. Niharikaa Panpaliya: Good afternoon, everyone, and welcome to Crizac's Q1 FY27 camings conference call. We have with us Dr. Vikash Agarwal, the Managing Director of the company; Mr. Manish Agarwal, the Chief Financial Officer of the company; Mr. Christopher, the Chairman of the company; and Mr. Sanjeev Sancheti, the IR Advisor of the company. Sanjeev sir, if you can start by giving your overview on the first quarter FY27 performance and beyond, and after which we can open up for Q&A. Over to you, Sanjeev sir. Sanjeev Sancheti: Thank you and good evening to all the participants. Before I hand over the call to Dr. Vikash Agarwal for the opening remarks, I would like to draw your attention to the Safe Harbor statement in the investor presentation. I request each one of you to go through the presentation thoroughly before the Q&A starts so that you are aware of the Safe Harbor statement. Thank you, and over to you, Dr. Vikash. Vikash Agarwal: Thank you, Sanjeev. Good evening, everyone, and a very warm welcome to the quarter 1 FY27 earnings call of Crizac Limited. For those who are new to our story, Crizac Limited is one of India’s leading B2B Al-native student mobility platform. Since our founding in Caleutta in 2011, we have connected students, counselling partuers, and universities across international markets. Today, our proprietary technology platform connects more than 17,400 counselling partners with over 450 university partners actoss 12 destination markets and more than 85 source markets. To date, we have facilitated over 12 lakh student applications, including 1.04 lakh applications processed during this quarter alone. Our platform forms the operating backbone of our business, with network effects that strengthen as we add more counseling partners, students, and university partuers to our platform. Quarter 1 FY27 demonstrated a resilience of our Al platform model. Revenue from operations for the current quarter stood at INR2,012 million, representing a decline of 4% year-on-year. This decline reflects a less favorable mix of university partners this quarter, rather than any reduction in our underlying platform activities. Subsequently, revenue was lower than the INR3,917 million reported in quarter4 of FY26, in line with the pronounced seasonality of our business, with quarter 4 being our peak intake quarter and quarter 1 being the seasonal trough. On the operational front, application process moderated by 6.2 year-on-year to 1.04 lakh for the quarter. Nevertheless, our underlying network continued to expand, with our active counseling partners base increased by 1.2% year-on-year basis to 4,032, and student Page 2 0of 18 rizac Crizac Limited EDUCATION EASY August 04, 2026 enrollment growth growing by 15% year-on-year to 4,751, reflecting the disciplined, quality- led approach maintained by both Crizac and our university partners in a more demanding operating environment. Importantly, we continued to gain market share despite a challenging operating environment. In the United Kingdom, our largest destination market, our share of total student visa granted increased from 3.5% in FY24 to 6% in FY26. From the same period, our share for US study visa granted to Indian student rose even more significantly from 9% to 13.9%. This consistent market share gain reflects the growing trust that university and counselling partners place in Crizac as a reliable, compliant, and preferred global education platform. We also continued our acquisition-led approach to strengthen and secure future growth. In June 2026, we made a strategic investment in ForeignAdmits, extending our capabilities to education financing and visa preparation. Its founder, Mr. Nikhil Jain, has joined us as Chief Product and Marketing Officer. This investment supports our ambition to build a full-stack, Al-enabled ecosystem by expanding into adjacent services along our core student recruitment business. Subsequently, in quarter end in July 2026, we acquired 100% of Innova Consultancy Limited through our wholly owned UK subsidiary. This acquisition strengthens our UK partnership across UK and Europe and extends our presence in Mexico and marks our entry into a new destination market, Netherland. Innova Founder, Mr. Eric Wijmenga, joined us as Regional Director UK & Europe, bringing more than 25 years of experience and strong institutional relationships across England and a wider European region. As Eric takes on operational leadership of our UK and European business, I would also like to share an important development in our leadership structure. Mr. Christopher Nagle, who has led the group UK entity as Chief Executive Officer, will step down from his exccutive role. He will, however, continue to serve as a Director on the Board of the UK entity and assume the role of Non-Executive Director and Chairman of Crizac Limited, our Indian holding company. In this capacity, he will provide strategic oversight, institutional governance, and mentor the leadership team at board level. I would also like to emphasize that this represents a change in the nature of Christopher's involvement with Crizac rather than departure from the group. He will remain actively engaged at Board level, providing strategic oversight, institutional govemance, and offering guidance to our global business, while day-to-day operational responsibility will continue to rest with Managing Director, the executive management team. Eric’s appointment will ensure a seamless transition and continuity in our university relationships. Together, these changes will re [Showing first 8,000 characters — download PDF for full document]