Press Release

August 14, 2026 To, To The Manager The Manager, Listing Department Listing Department BSE Limited (“BSE”) National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, (“NSE”) Dalal Street, Fort Exchange Plaza, Plot No. C/1, G Block, Mumbai 400 001. Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. BSE Scrip Code : 544799 NSE Symbol: TURTLEMINT ISIN: INE0OC301013 Sub: Press Release on Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. Dear Sir/Ma’am, In reference to the above captioned subject, please find attached a copy of Press Release with respect to Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. The same is also available on the website of the Company at www.turtlemint.com Request you to take the same on your record and acknowledge. Yours Faithfully, Thanking You, For Turtlemint Fintech Solutions Limited (Formerly known as Turtlemint Fintech Solutions Private Limited and Fintech Blue Solutions Private Limited) Prashant Saini Company Secretary & Compliance Officer Membership No. A23769 Encl: As above Turtlemint reports Strong Premium growth of 49.8% in Q1 FY27 Service EBITDA grew by 89% Mumbai, 14 August 2026: Turtlemint Fintech Solutions Limited (“Turtlemint”) (BSE: 544799 | NSE: TURTLEMINT), today announced its financial results for the quarter ended June 30, 2026, delivering strong growth while achieving key profitability milestones. Particulars (INR Cr) Q1 FY26 Q1 FY27 YoY Growth Platform Premium 804 1,205 49.8% Revenue From Operations 210 294 40% Service EBITDA 21 39 89% Speaking on the results, Dhirendra Mahyavanshi, Chairperson, Managing Director & CEO, Turtlemint said, "Our momentum has continued to Q1 FY27, with platform premium growing 49.8% and revenue from operations up from 40% year on year. This reflects the continued strength of our distribution ecosystem and the trust our partners and customers place in us. We are pleased with the pace at which our platform continues to scale across 19,000+ pincodes.” Anand Prabhudesai, Executive Director & COO, Turtlemint said, “Service EBITDA growth of 89% Y-o-Y is a clear signal that our platform economics are strengthening at scale. Technology continues to be the core reason behind the increasing efficiency across every layer of the business, from digital partner onboarding to sales support. The strong performance in Q1 FY27 gives us confidence that we are building a durable and scalable business for the long term.” Key Highlights for Q1 FY27 ● Strong business momentum continued as platform premium grew 49.8% YoY ● Revenue from operations grew 40% YoY ● Service EBITDA grew 89% YoY to INR 39 crore as Service EBITDA margin expansion continues ● Adjusted EBITDA as a % of revenue improved from -20% in Q1 FY26 to -9% in Q1 FY27 ● Strong operating leverage continues to play out as corporate overheads as % of Revenue declined from 30% in Q1 FY26 to 22% in Q1 FY27 ● Renewal Revenue grew by 66%, demonstrating strong retention on our platform Notes to Editors : Terminology Notes: ● Service EBITDA: Service EBITDA equals revenue from operations less Customer Acquisition Cost (i.e., total expenses directly attributable to operational activities in generating revenue from operations which includes commission paid), Direct Employee Cost (i.e., employee benefit expenses related to the sales personnel who are the primary contact for digital partners for their pre and post sales activities including renewals and claims support) and Costs of Direct Operations (i.e. certain tech platforms costs pertaining to policy issuance, post-sales support, renewals and claims) ● Platform Premium: Platform premium refers to total premium (i.e payment and consideration) received on insurance policies (net of Goods and Service Tax) that were issued or re-issued by an insurance company through our platform. ● Adjusted EBITDA: Adjusted EBITDA for the relevant period/ year equals loss for the period/ year plus total tax expense, finance costs, depreciation & amortisation expense, share based payment expense and exceptional items less other income Turtelmint Fintech Solutions Limited Headquartered in Mumbai (India) Turtlemint Fintech Solutions operates a triadic technology platform that creates a seamless, collaborative ecosystem for distributing financial products—including insurance, loans, mutual funds, and credit cards—through its subsidiaries. Powered by advanced technology, Turtlemint enables its network of 691,000+ digital partners to deliver a comprehensive suite of financial solutions, expanding access to insurance as well as lending and investment products. About Turtlemint Insurance Brokers Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint Insurance Brokers (a subsidiary of Turtlemint Fintech Solution Limited, also known as Turtlemint Insurance – www.turtlemintinsurance.com) is one of India’s leading digital insurance advisory and distribution platforms. The company operates a technology-driven platform that connects customers, insurance advisors, and insurers, transforming insurance distribution by addressing critical gaps in access and awareness. As of June 30, 2026, Turtlemint has built India’s largest certified network of over 550,000+ registered Point of Sale Persons (PoSPs) across 19,000+ pin codes, enabling them with digital tools, AI-powered recommendations, and continuous training through the Turtlemint Pro app and website. Turtlemint has facilitated the sale of over 30 million+ insurance policies across health, life, motor, and business insurance, in partnership with 46 insurers. Its paperless, digital-first processes ensure a seamless journey from policy selection to claims. Social Handles: Instagram | Linkedin | Twitter | Facebook | YouTube Media Contacts : For Turtlemint Fintech Solutions Limited | Gunjan Wathodkar | gunjan.wathodkar@turtlemint.com |+91 9819272007 For Adfactors PR | Sailee Nayak | sailee.nayak@adfactorspr.com | +91 9930167115 Disclaimer This document has been prepared by Turtlemint (together with its subsidiaries) solely to provide a summary update on its financial and operating performance for the relevant period. Certain statements contained in this document that are not statements of historical fact constitute forward-looking statements. These include, without limitation, statements concerning the Company’s strategy and business plans, expansion of its distribution network, product and technology roadmap, expected market opportunity, anticipated revenue, profitability or other financial or operational metrics. Forward-looking statements are based on the Company’s current expectations, assumptions and estimates regarding its business and the markets in which it operates and are neither promises nor guarantees of future performance. They involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control, that could cause actual results, performance or achievements to differ materially from those expressed or implied herein. Such factors include, among others: changes in laws or in the regulatory framework; the pace of adoption of digital insurance distribution; competitive dynamics; technology disruptions; general economic, political and market conditions; Company’s ability to execute its growth plans etc. In view of these uncertainties, readers should not place undue reliance on any forward-looking statement, which speaks only as at the date of this document. The Company expressly disclaims any obligation to revise or publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, save as may be required by applicable law. Neither the Company nor any of its directors, officers, employees, advisers or representatives assumes any responsibility to update such forward-looking statements or to adapt them to future events or development [Showing first 8,000 characters — download PDF for full document]