Annual Report for the financial year 2025-26 including notice of Annual General Meeting

August 8, 2026 BSE Limited National Stock Exchange of Metropolitan Stock Exchange of Phiroze Jeejeebhoy India Limited India Limited Towers, Exchange Plaza, C-1, Building A, Unit 205A, 2nd Floor, Dalal Street, Block G, Bandra-Kurla Complex, Piramal Agastya Corporate Park, Mumbai - 400 001 Bandra (East), Mumbai – 400 051 L.B.S Road, Kurla (West), Scrip Code: 535648 Trading Symbol: JUSTDIAL Mumbai - 400 070 Trading Symbol: JUSTDIAL Dear Sir / Madam, Sub: Annual Report for the financial year 2025-26 including Notice of Annual General Meeting This is to inform that the 32nd Annual General Meeting ("AGM") is scheduled to be held on Monday, August 31, 2026 at 5.30 p.m. (IST), through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”) in accordance with applicable circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India. The Annual Report of the Company for the financial year 2025-26, including the Notice convening AGM, being sent through electronic mode to all the Members whose e-mail address is registered with the Company / Company’s Share Transfer Agent / Depository Participant(s) / Depositories, is enclosed. Further, pursuant to Regulation 36(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, a letter providing the web-link of the Annual Report, have been sent to those Members(s) who have not registered their e-mail addresses is also enclosed and available on Company’s website at www.justdial.com. The Annual Report including Notice is also available on the Company's website and can be accessed at https://www.justdial.com/cms/investors/justdial-annual-report-2025-26 The Company has fixed Monday, August 24, 2026 as the “Cut-off Date” for the purpose of determining the members eligible to vote on the resolutions set out in the Notice of the AGM. This is for your information and records. Thanking you, Yours truly, For Just Dial Limited Manan Udani Company Secretary and Compliance Officer Encl: As above Annual Report 2025-26 Connecting people, Businesses and opportunities Contents Connecting people, businesses and opportunities 01 Highlights of the year 02 Corporate overview About Just Dial 04 Presence 06 Management message 08 The Justdial ecosystem 10 Commitment at the core People 32 Communities 36 Governance 40 Board of Directors 44 Leadership team 48 Financial statement 84 Business overview Opportunity landscape 18 Technology infrastructure 20 Connecting with the market 24 Key performance indicators 28 Value creation model 30 Statutory reports Management discussion and analysis 49 Board’s report 53 Corporate governance report 65 Notice Access all investor-related information at: https://www.justdial.com/cms/investor-relations Connecting people, businesses and opportunities India's digital economy is shaped by millions of everyday decisions: a customer searching for a trusted service nearby, a merchant seeking wider visibility, and a business responding to enquiries in real time. Across these moments, discovery has become more immediate, conversational and woven into how people live, work and transact. For more than three decades, Justdial has helped users navigate local commerce with greater ease and confidence. What began as a local search service is now a digital marketplace where businesses, products and services connect through discovery, engagement and transactions across multiple access points, a bridge between consumer intent and business opportunity, supported by trusted listings, merchant solutions and technology. As search moves beyond keywords towards voice-led, multilingual and AI-assisted journeys, and businesses across Tier II and Tier III markets adopt digital tools in new ways, these connections are growing more dynamic. Through trusted discovery, intelligent technology and a growing merchant network, Justdial stays focused on making local commerce easier to discover, access and engage with across the country. Highlights of the year Connections driving momentum FY 2025-26 was a year of strengthening operating momentum. Revenue from operations, operating EBITDA and marketplace activity: listings, ratings and paid campaigns all grew, supported by deeper merchant participation and our prepaid subscription model. Total income Revenue from operations 15,477.2 Mn 12,138.6 Mn Operating EBITDA Profit after tax 3,575.2 Mn 4,970.2 Mn (29.5% margin) (32.1% margin) 02 Just Dial Limited Cash & investments Net worth 58,522.5 Mn 51,064.8 Mn Average quarterly Active business unique visitors listings 189.4 Mn 54.7 Mn Total ratings Active paid & reviews campaigns 157.1 Mn 631,530 The year in one line Justdial as a platform continued to evolve into a more intelligent and automation-driven experience. Higher visitor engagement, richer listings and greater merchant participation drove revenue growth and marketplace expansion within the same year. Annual Report 2025-26 03 About Justdial India’s local discovery engine Justdial is India's leading local search platform, connecting users with businesses, products and services across categories, geographies and access points. For more than three decades, we have built one of the country's largest databases of local enterprises, enriched by verified ratings, reviews and multimedia content and accessible through apps, mobile sites, the web and voice-based experiences. We operate at the intersection of consumer intent and India's MSME economy, helping users make informed decisions while enabling businesses to become more discoverable, accessible and transaction-ready. Built for users and businesses We operate a two-sided marketplace where user discovery and business growth reinforce each other, with every search creating value for both sides. Users Businesses Users across metros and Tier II and Tier III Small and medium enterprises: retailers, cities rely on Justdial to discover trusted service providers, professionals, manufacturers service providers, compare options, evaluate and distributors use Justdial to strengthen reviews and make informed decisions, their digital presence, generate leads, manage spanning everyday services, high-value customer engagement and participate more purchases including B2B requirements. effectively in a digital marketplace. Our mission To provide fast, free, reliable, and comprehensive information to our users about local businesses and enable discovery and transactions for all products and services. 04 Just Dial Limited Corporate overview Business overview Commitment at core Statutory reports Financial statement How we create impact For users, Justdial offers quick, dependable access to verified information through ratings, reviews, multilingual interfaces, voice-enabled search and AI-assisted discovery. For businesses, it acts as a digital shopfront with lead generation, payment solutions, website tools, reputation management and analytics, delivered through a subscription-led model with flexible payment options. More broadly, we support MSME digitisation and help make India's fragmented business ecosystem easier to discover, navigate and transact with. The Justdial edge Our position in India's local search market rests on four interconnected strengths: long-standing market understanding, operating scale, technology depth and a durable business model. Trusted local expertise Pan-India merchant network Over three decades in local search have given us a deep Our merchant network spans metros as well as Tier II understanding of how Indian consumers discover and and Tier III cities, where rising internet adoption expands engage with businesses across categories, languages the addressable market for users and businesses and price points. As market pioneers, we have built a alike. A hybrid model of tele-sales and on-ground large, continuously evolving database of local commerce teams supports merchant acquisition, onboarding and that is difficult to replicate at c [Showing first 8,000 characters — download PDF for full document]