Analysts/Institutional Investor Meet/Con. Call Updates

Secretarial Department July 21, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Phiroze Jeejeebhoy Towers, Mumbai – 400 051 Floor 25, Dalal Street, Mumbai- 400 001 Symbol - FEDFINA Scrip code: 544027 Dear Sir/Madam, Sub.: Transcript of Earnings Conference Call held on Wednesday, July 15, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed the transcript of the Earnings Conference Call which was held on Wednesday, July 15, 2026. The transcript of the Earnings Conference Call shall be uploaded on the website of the Company at https://www.fedfina.com/ under the section ‘Investor Relations’ in due course. The above is submitted for your kind information and appropriate dissemination. Thanking you, Yours faithfully, For Fedbank Financial Services Limited Parthasarathy Iyengar Company Secretary & Compliance Officer Membership No.: A21472 Encl.: As above Registered & Corporate Office: 1101, 11th Floor, Cignus, Plot No. 71A, Powai Paspoli, Mumbai, Maharashtra- 400087 Maharashtra. Tel: 022 68520601 ● E-mail: customercare@fedfina.com ● web: www.fedfina.com ● CIN: L65910MH1995PLC364635 PUBLIC “Fedbank Financial Services Limited Q1 FY27 Earnings Conference Call” July 15, 2026 MANAGEMENT: MR. PARVEZ MULLA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. C.V. GANESH – CHIEF FINANCIAL OFFICER MR. JAGADEESH RAO – CHIEF BUSINESS OFFICER, GOLD LOANS & MORGAGES (SMALL TICKET) MR. SHARDUL KADAM – CHIEF TRANSFORMATION OFFICER MR. K. SURESH – CHIEF BUSINESS OFFICER, MEDIUM TICKET LAP MR. VIKRAM RATHI – CHIEF RISK OFFICER MR. LOKESH PAREEK – HEAD OF INVESTMENT RELATIONS MODERATOR: MR. SHREEPAL DOSHI – EQUIRUS SECURITIES Page 1 of 19 Fedbank Financial Services Limited July 15, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Call of Fedbank Financial Services, hosted by Equirus Securities. As a reminder, all participant line 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 call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Shreepal Doshi from Equirus Securities. Thank you, and over to you, Mr. Shreepal. Shreepal Doshi: Good afternoon, everyone. We welcome you all to the earnings conference call of Fedbank Financial Services to discuss the Q1 FY27 performance of the company. Today, we have the management of the company represented by Mr. Parvez Mulla, MD and CEO; Mr. C.V. Ganesh, CFO; and along with them, we have other senior members of the management as well. I would now like to hand over the call to Mr. Lokesh Pareek, Head IR at Fedbank Financial Services. Over to you, Lokesh. Lokesh Pareek: Thank you, Shreepal. Good afternoon, everyone. I would like to welcome all of you for joining our Q1 FY27 Results Earnings Call. Before we start, I would like to highlight that some of the statements made on this call may be forward-looking in nature, including those related to our financial performance, business strategy and growth plans. These statements reflect our views as of today and may evolve with changing business and market dynamics. With this note, I now hand the conference over to our MD, Mr. Parvez Mulla for his opening remarks. Thank you, and over to you, sir. Parvez Mulla: Thank you, Lokesh. Good afternoon, everyone. I would like to extend a warm welcome to all of you for joining the Q1 FY27 post results earnings call. I am accompanied by Mr. CV Ganesh; Mr. Shardul Kadam; Mr. Jagadeesh Rao; Mr. Suresh Kumar; Mr. Vikram Rathi; and Mr. Lokesh Pareek. For the last five quarters, we have articulated the same set of priorities, and they remain unchanged. We continue to allocate capital to businesses that earn a strong and consistent return; to grow a fully secured book; to scale our twin engines of Gold Loans and LAP; to grow our core income even as we consciously reduce our reliance on direct assignment; to transition to an efficient cost structure; and to hold credit costs at around 1%. This consistency is the foundation on which we have rebuilt this business over the past one year. This consistency is the foundation on which we have built -- rebuilt this business over the past one year. Against these priorities, Our Disbursements increased 14% YoY to ₹6,760 Cr, and our AUM grew 35% YoY to ₹21,136 Cr. Our Gold Loan business continued to lead this growth, with disbursements rising 15% YoY to ₹6,087 Cr and AUM increasing 77% YoY to ₹11,191 Cr. Our Doorstep Gold Loan offering maintained strong momentum, with AUM growing 96.5% YoY to ₹1,787 Cr. AUM per branch stood at ₹17.7 Cr, while gold tonnage remained stable, and we continue to maintain a prudent risk profile, with the LTV on AUM at 67.9%. Page 2 of 19 Fedbank Financial Services Limited July 15, 2026 Our Mortgage business continued to demonstrate steady growth, with disbursements increasing 4% YoY to ₹673 Cr and AUM rising 14% YoY to ₹9,777 Cr. Our focus remains firmly on prudent portfolio expansion and disciplined underwriting. This quarter there has been a regulatory transition for the gold lending industry, which I expect will be a common theme across the sector this season. Effective April 1, the RBI revised the LTV framework, requiring onboarding LTVs on bullet loans to be calculated on the total amount due at maturity — that is, principal and interest together — rather than on principal alone. In response, and to support our customers while maintaining prudent risk standards, we have adopted a periodic interest-due structure, and we continue to operate at LTVs below the regulatory limits. As customer repayment behaviour is unlikely to change immediately, reported overdue levels are expected to remain elevated in the near term. We view it as customer behaviour in transition rather than an asset quality concern. On the shareholding front, True North Fund LLP, a long-standing shareholder in the Company, has exited its entire holding of approximately 25.7 million equity shares, representing 6.86% of the Company’s paid-up equity share capital, through a block deal executed on the stock exchange. The shares have been acquired by Nomura India Equity Fund, managed by Nomura Asset Management in its capacity as a Foreign Portfolio Investor. We remain deeply appreciative of True North’s support and partnership over the years, and we warmly welcome Nomura India Equity Fund as a shareholder as we look forward to their participation in the Company’s growth journey. There have also been a few key leadership developments during the quarter. Considering our long- term vision, Mr. George Oommen has joined us as Business Head – Gold Loans, bringing over 30 years of experience across retail banking. He has held leadership roles across leading banks and financial institutions, with extensive experience in building and managing retail lending businesses. He will report to Mr. Jagadeesh Rao and lead our Gold Loan business. Mr. Shardul Kadam has steered our Small Ticket LAP business through a challenging period and played a pivotal role in stabilizing it. He will move into a new role of Chief Transformation Officer. Shardul will be responsible for driving end-to-end business transformation by identifying opportunities for improving collaborative growth, and driving efficiencies across products. Mr. Jagadeesh Rao, who serves as Chief Business Officer – Gold Loans and Chief Marketing Officer, will assume the additional responsibility of CBO – Small Ticket LAP and Home Loans. Jagadeesh comes with a rich and successful experience of incubating and scaling business. He will be heavily invested in enhancing resource utilization across our distribution infrastructure. These two businesses share a complementary fit and near-similar target market customers, and under [Showing first 8,000 characters — download PDF for full document]