Transcript of Conference Call held in respect of Financial Results for the quarter ended 30.06.2026

Date: August 11, 2026 The Manager The Listing Department Department of Corporate Relationship National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex 25th Floor P. J. Towers, Dalal Street Bandra (East) Mumbai -400 001 Mumbai -400 051 Scrip Code: Equity- 532900 SCRIP SYMBOL: PAISALO NCDs-975107, 975202, 975251, 975329, 975437, 975640, 975865, 976752, 977004, 977097, 977278, 977279, 977358, 977371, 977643 and CPs- 731429, 731434, 731455, 731624, 732088 Ref : Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the SEBI (LODR) Regulations) r/w Clause 15 of Part A Para A of Schedule III to the SEBI Listing Regulations Subject : Transcript of Conference Call held in respect of the Financial Results for the quarter ended June 30, 2026 Dear Sir/Madam, In furtherance of our letter dated July 24, 2026, the transcript of Q1 FY2027 investor conference call has been uploaded on the website of the Company at https://paisalo.in/pdf/pdf/Transcript_of_Q1_FY2027.pdf Also, enclosed is the transcript (pdf) as attachment for ease of reference. We request you to kindly take the same on record. Thanking you, Yours faithfully, For Paisalo Digital Limited (MANENDRA SINGH) Company Secretary “Paisalo Digital Limited Q1 FY2027 Earnings Conference Call” August 6, 2026 Management: Mr. Santanu Agarwal - Deputy Managing Director Page 1 of 15 Paisalo Digital Limited August 6, 2026 Moderator: Ladies and gentlemen, good day and welcome to Paisalo Digital Limited Q1 FY2027 Earnings Conference Call hosted by Arihant Capital Markets Limited. Let me draw your attention to the fact that on this call discussion will include certain forward looking statements which are predictions, projections or other estimates about the future events. This estimate reflects management's current expectations about the future performance of the company. 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. Thank you and over to you Natasha. Natasha Singh: Thank you so much. Hello and good evening, everyone. On behalf of Arihant Capital, I thank you all for joining the Q1 FY2027 Earnings Conference Call of Paisalo Digital Limited. Today from the management, we have Mr. Santanu Agarwal, Deputy Managing Director. So without any delay further, I will hand over the call to Mr. Santanu for his opening remarks post which we can open the floor for the question and answers. Thank you and over to you, sir. Santanu Agarwal: Good afternoon, everyone. Thank you for joining us today for Paisalo Digital's earnings call for the quarter ended June 30th, 2026. Before we begin, I would like to inform you that our CFO Mr. Harish Singh is unable to join us for today's earnings call due to some personal exigency. I hope you have all had the opportunity to review our earnings presentation which has been shared earlier on the exchanges and is available on our website. We are pleased to share that Paisalo has delivered one of its strongest quarters yet across growth, distribution, technology and asset quality and we believe the momentum we are seeing is not just continuing but building. We appreciate your continued interest in Paisalo and look forward to discussing our performance and outlook with you as we begin this Financial Year on a strong note. Let me begin with a brief overview of the industry and operating environment. The quarter continued to reflect healthy demand in the MSME and micro-enterprise segment where access to formal finance remains a structural requirement. Against this backdrop, one of the notable developments during the quarter was the RBI circular to increase the collateral- free lending threshold for micro and small enterprises to 20 lakhs. We see this as a decisive and welcome step forward for financial inclusion. One that, by easing the lending framework for smaller businesses, will meaningfully improve formal credit access for a large set of borrowers who have traditionally faced challenges in securing collateral-backed funding. Beyond expanding borrower access, the circular also has important implications for the co- origination and co-lending ecosystem. Product structures, underwriting frameworks, documentation standards, and risk-sharing arrangements will need to evolve in line with the revised regulatory framework. Page 2 of 15 Paisalo Digital Limited August 6, 2026 While the industry may witness a period of operational recalibration as participants align their processes, we believe the long-term impact is likely to be positive, supporting deeper credit penetration and broader participation from formal financial institutions. In our view, this is expected to encourage greater adoption of cash flow-based lending and technology-led credit assessment models with underwriting quality and data capabilities becoming increasingly important differentiators. Importantly, as collateral requirements become less restrictive, the competitive advantage is likely to shift increasingly towards origination capability, borrower understanding, data-led underwriting, and collection effectiveness. This is exactly the terrain on which we believe Paisalo is built to win. For Paisalo, this regulatory shift plays directly to the strength of our operating model. Our lending approach has always been centered on serving underserved borrowers through granular underwriting, technology-enabled credit assessment, and deep on-ground distribution. With a diversified MSME-focused portfolio and extensive physical and BC network, we are well-positioned and increasingly confident in our ability to support the growing demand for collateral-free formal credit while maintaining prudent risk management. Further, our longstanding partnerships with leading banks under co-lending and business correspondent arrangements provide a strong platform to scale credit delivery in line with the evolving regulatory framework. We believe with our established origination capabilities, strong borrower engagement, and disciplined underwriting, Paisalo is best placed to lead this next phase of growth and value creation for all our stakeholders. Turning now to our financial performance, we believe Q1 FY2027 represents more than just a strong start to the year. It demonstrates that the continued investments across distribution, partnerships, technology, and risk management are now compounding together to create a materially stronger and more scalable franchise. We are entering an exciting inflection point where growth, productivity, and profitability are reinforcing each other, all the while maintaining our focus on asset quality and prudent risk management. Our assets under management increased to Rs.67,074 million as of 30th June 2026, a strong 28% year-on-year increase. This performance reflects the continued expansion of our lending franchise across customer segments, product categories, and geographies. One of the highlights for the quarter was our highest-ever quarterly disbursement performance. During Q1 FY2027, we disbursed Rs.17,309 million, an exceptional 128% year-on-year growth. This is clear evidence of the continued strength of underlying demand and demonstrates that our distribution and execution capabilities are scaling faster than ever before. It also reflects the investments we have made in strengthening our distribution network, streamlining our credit processes, and leveraging technology to improve throughput Page 3 of 15 Paisalo Digital Limited August 6, 2026 and customer experience. On the income side, total income increased by 19% year-on-year to Rs.2,603 million, supported by sustained growth in the loan book and stable portfolio performance. Net interest income stood at Rs.1,447 million, while net interest margin was maintained at a healthy 6.6%. Coming to profitability, we delivered profit after tax of Rs.613 million up 30% year-on-year outpa [Showing first 8,000 characters — download PDF for full document]