Please find enclosed Investor Presentation - Q1 FY27

niyogin August 13, 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai -400001 BSE Scrip Code: 538772 & 977641 Subject: Investor Presentation – Q1 FY27 Dear Sir/Ma’am, Pursuant to Regulation 30 (6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “SEBI Listing Regulations”) read with Part A of Schedule III of the SEBI Listing Regulations, we are enclosing herewith the Investors’ Presentation for Q1 FY27. Pursuant to Regulation 46 (2) (o) of the SEBI Listing Regulations, the aforesaid information is also being made available on the website of the Company i.e. www.niyogin.com Yours truly, For Niyogin Fintech Limited Neha Daruka Company Secretary Encl: a/a Niyogin Fintech Limited (CIN L65910TN1988PLC131102) Regd. office: M.I.G 944, Ground Floor, TNHB Colony, 1st Main road, Velachery, Chennai, Tamil Nadu – 600042 Corporate office: Neelkanth Corporate IT Park, 311/312, 3rd Floor, Kirol Road, Vidyavihar (w), Mumbai – 400086 Chennai Tel: 044 47210437 | Mumbai Tel: 022 62514646 | email: customersupport@niyogin.in | Website: www.niyogin.com Niyogin Fintech Limited Investor Presentation Q1 FY27 An overview of our financial performance, key operational developments, and strategic progress for Q1 FY27. Quarter ended June 30, 2026 Q1 FY27 Quarterly Performance Q1 FY27 saw a moderation in performance compared with Q4 FY26, primarily reflecting lower revenues at iServeU and a calibrated NBFC loan book. While consolidated profitability was impacted during the quarter, the NBFC business remained profitable and underlying operating activity across both businesses continued. 22 Cr 49K 332 Cr Net Revenue Devices Deployed AUM* vs ₹27Cr in Q4 FY26 — down 18% quarter-on- vs 82K units in Q4 FY26 — down 41% quarter- vs ₹352 Cr in Q4 FY26 — down 6% quarter-on- quarter on-quarter quarter *AUM includes off-book exposure. Net Revenue is Gross Income net of partner payouts, funding costs, and credit costs. ISERVEU iServeU – Q1 FY27 Performance iServeU reported net revenue broadly stable on a year-on-year basis in Q1 FY27, although sequential performance moderated following a strong finish to FY26. TSP/SaaS continued to grow, while lower Program Management and other operating income impacted overall profitability during the quarter. The business continues to focus on converting its existing contract base into revenue and improving operating leverage over subsequent quarters. Revenue Performance TSP/SaaS Growth Quarterly Profitability Net revenue stood at ₹15.8 Cr in Q1 FY27 TSP/SaaS revenue increased to ₹9.0 Cr Adjusted EBITDA was ₹(0.5) Cr during Q1 compared with ₹15.3 Cr in Q1 FY26 and from ₹5.5 Cr in Q1 FY26, reflecting FY27, impacted by the lower revenue ₹21.1 Cr in Q4 FY26. continued growth in technology-led contribution, higher provisioning and revenues. operating cost base during the quarter. Revenue Visibility Operating Focus Outstanding order book stood at approximately ₹546 Cr across 45 Focus remains on revenue conversion from the existing contract base, contracts. strengthening the SaaS revenue base, onboarding new clients, improving the revenue mix, and restoring operating profitability. NFL STANDALONE NFL Standalone – Sustaining Profitability Disciplined Portfolio Management The NBFC business remained profitable in Q1 FY27 despite a sequential moderation in AUM. Net Interest Income remained broadly stable, employee costs continued to remain controlled, and the business maintained its focus on partner-led lending, operating efficiency and portfolio quality. Profitable Q1 FY27 Stable Net Interest Income Calibrated Portfolio PBT ex-ESOP stood at ₹1.0 Cr, maintaining NII stood at ₹10.2 Cr, up 9% YoY and broadly AUM* stood at approximately ₹332 Cr, profitability during the quarter. stable compared with ₹10.4 Cr in Q4 FY26. compared with ₹352 Cr in Q4 FY26 and ₹320 Cr in Q1 FY26. Operating Efficiency Operating Focus Employee Cost ex-ESOP reduced 28% YoY, while pre-provisioning The business continues to focus on embedded and partner-led lending, operating profit stood at ₹3.9 Cr. with approximately 50% of the performing loan book under EDI-based lending. The Company is also focused on raising cost-efficient liquidity to support portfolio growth. *AUM includes off-book exposure. PERFORMANCE & GUIDANCE Q1 FY27 Performance & Outlook Q1 FY27 performance was below the Company's initial expectations, particularly at iServeU, while the NBFC business continued to remain profitable. The focus for the coming quarters is on improving revenue conversion at iServeU, rebuilding operating leverage, and pursuing calibrated portfolio growth in the NBFC business. Q1 FY27 Performance vs Guidance Q1 FY27 performance was below guidance across the key operating parameters. iServeU saw lower-than-anticipated revenue during the quarter, while NBFC AUM remained below the targeted range as growth continued to be calibrated. Management remains focused on improving execution over subsequent quarters. Parameters Q1 FY27 Actual Q1 FY27 Guidance Commentary iServeU – Net Revenues ₹15.8 Cr ₹22–25 Cr Below guidance, primarily due to lower UPI volumes and reduced device deployments during the quarter iServeU – EBITDA (%) (3.2)% 20–25% Below guidance, primarily reflecting lower revenue and the resulting operating deleverage NBFC – AUM* ₹332 Cr ₹360–370 Cr Below guidance, reflecting calibrated portfolio and write offs, with no incremental P&L impact NBFC – PBT** ₹1.0 Cr ₹1.8–2.0 Cr Below guidance, primarily reflecting lower average AUM and higher ECL. * Including off-book exposure. ** Ex-ESOP. Q2 FY27 Guidance Following a softer Q1 FY27, the Company expects improved operating performance in Q2, supported by higher revenue at iServeU and gradual portfolio growth in the NBFC business. Management remains focused on execution, operating efficiency and disciplined growth through FY27. Parameters Q2 FY27 (E) FY27 (E) FY26 (A) YoY Growth iServeU – Net Revenues ₹21–24 Cr ₹100–115 Cr ₹74.7 Cr 1.3x–1.5x iServeU – EBITDA (%) 20–25% 25–30% 22.4% — NBFC – AUM* ₹325–340 Cr ₹450–500 Cr ₹352 Cr 1.3x–1.4x NBFC – PBT** ₹0.8–1.1 Cr ₹8–10 Cr ₹6.6 Cr 1.2x–1.5x * Including off-book exposure. ** Ex-ESOP. 1. FY27 guidance has been revised to reflect lower Q1 UPI volumes and a gradual recovery trajectory, a lower soundbox deployment target, and the resulting carry-forward revenue impact. 2. FY26 net revenue included ₹17.9 Cr of RBI PIDF incentive income. Excluding this, core net revenue was ₹56.8 Cr. As FY27 guidance assumes no PIDF income, guided core net revenue of ₹100–115 Cr represents ~1.7x–1.9x YoY growth. 3. The loan book (AUM) target has been revised downwards to reflect a more calibrated approach . Accordingly, the PBT guidance has also been revised to reflect the lower average AUM base. NIYOGIN · INVESTOR UPDATE · FY27 Way Forward – Building Momentum Across Both Businesses Strengthening demand, funding access and execution to support growth through FY27 iServeU NFL – NBFC UPI Volume Recovery Partnerships Business model transitioned from bank-led to aggregator-led in Q2 FY27, supporting Demand pipeline is now ready, supported by key partnerships and lending programs the scaling of UPI volumes. established with Meesho and Finsall in March 2026. Device Availability Funding Cost Optimization Deployment momentum improving as chip supply normalises, with contracts signed The CRISIL rating upgrade from BBB– Negative to BBB– Stable in June 2026 shall with Indian manufacturers to support device availability. support lower borrowing costs. Higher Revenue Stitching supply-side Focus on converting ~₹546 Cr order book; restoring operating profitability 3 With the demand pipeline established, the focus is now on strengthening funding capacity and transitioning towards lower-cost borrowings to support accelerated portfolio growth. New Business Development Continue to participate in new bank RFPs to expand the business pipeline. AUM Growth AUM growth [Showing first 8,000 characters — download PDF for full document]