Disclosure under Regulation 30 of the SEBI (LODR) Reg, 2015 - Transcript of the earnings conference call for the quarter ended 30th June, 2026.

Date: August 14, 2026 BSE Limited The Corporate Relationship Department Phiroze Jeejeebhoy Towers, 1st Floor, Dalal Street, Mumbai – 400 001 Ref: Scrip Code: 543931 ISIN: INE0Q0M01015 Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Transcript of the earnings conference call for the Quarter ended 30th June, 2026. Dear Sir/ Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call for the Quarter ended 30th June, 2026, conducted after the meeting of Board of Directors held on August 12, 2026, for your information and records. Kindly take the above information on record. The information in the above notice is also available on the website of the Company www.veefin.com. Thanking you, For Veefin Solutions Limited Gautam Udani Whole Time Director DIN: 03081749 Veefin Solutions Limited Q1 FY '27 Earnings Conference Call August 13, 2026 Moderator: Good day, ladies and gentlemen and welcome to the Veefin Solutions Limited Q1 FY '27 Earnings Conference Call hosted by Valorem Advisors. At this point, all participants are in a listen-only mode. Later, we will conduct a question-and- answer session. At that time, you may click on the Q&A tab to ask a live question. Please note that this conference is being recorded. I would now like to hand the conference over to Ms. Purvangi Jain from Valorem Advisors for opening remarks. Thank you and over to you, Ms. Jain. Purvangi Jain: Thank you. Good afternoon, everyone and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. We represent the Investor Relations of Veefin Solutions Limited. On behalf of the company, I would like to thank you all for participating in the company's earnings call for the 1st Quarter of the Financial Year ended 2027. We kindly request all participants to connect to the Veefin Solutions video conference call via the official video call link. Before we begin, let me mention a quick cautionary statement: Some of the statements made in today's Earnings Call may be forward-looking in nature. Such forward-looking statements are subject to risk and uncertainties which could cause actual results to differ from those anticipated. Such statements are based on management's belief as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any undue reliance on these forward-looking statements in making any investment decisions. The purpose of today's Earnings Conference Call is purely to educate and bring awareness about the company's fundamental business and financial performance for the quarter under review. Now, let me introduce you to the management participating with us in today's Earnings Call: We have with us Mr. Raja Debnath - Chairman and MD; Mr. Gautam Udani – Whole-Time Director and COO and Mrs. Payal Maisheri- CFO. Page 1 of 17 Without any delay, I request Mr. Raja to start with his opening remarks. Thank you and over to you, sir. Raja Debnath: Thanks, Purvangi. Good afternoon, everyone and a very warm welcome from Veefin Solutions for the 1st Quarter 2027 Earnings Call. I have with me my colleagues, my leadership team and thank you all for taking time today. The presentation that I will walk you through has already been filed with the exchanges, it is available on the website, so you can follow along if any of you have joined just along the calling bridge. Before we get into the numbers, let me set the frame of this call because the cover slide says this only on one line that building a global multi-product BFSI tech platform. So what is it that we have been doing for people who have been following us for the last few years know that the work which has gone in which is building products, building the common chassis which we speak about, building a client base, the geographic footprint, now all of this is getting culminated in FY '27 is a critical year for us where this agenda of building is shifting decisively towards monetizing this platform. So today, I will tell you the story in three parts. First, I will talk about the quarter itself and it has been a very strong quarter. It has been a strong quarter in terms of a standalone revenue growth and profit both of which have doubled over last year. Second, the commercial engine underneath. What is it that we have signed this quarter? How our wins convert into revenue overtime? Because this is a question which keeps coming up. So I thought that I will take some time out and explain how to convert our wins into revenue overtime and how to visualize it. And what is the pipeline that we are building behind it? The third is the structural work which is the balance sheet. We will talk about the amalgamation and we will talk about the PSB Xchange. This is the way we will go about. Now, if you start with the quarter at a glance, you will see two rows on the slide, standalone and console. And throughout this presentation, these are the two lenses that you will have to look at our numbers with and I will keep bringing you back to this. The top row is the Veefin Solutions Limited Standalone. This is the listed entity and this is the purest lens for product economics. So from a product economics standpoint, what you should be looking at is the revenue for this quarter was at Rs. 23.14 crores, the standalone EBITDA was Rs. 12.83 crores. I am reading out the numbers because I believe some of you may just may not have the presentation in front of you. So I will still read out the number. The standalone PAT is at Rs. 6.74 crores. And we have also signed 5 new clients this quarter. So we will come on that also. The standalone EBITDA is at Rs. 12.83 crores at a margin of 55.4%. So going back to this, our standalone EBITDA is reported at Rs. 12.83, which is at a 55.4% margin. The standalone PAT which is there, that is a 29.1% margin. On the console side, that includes our subsidiaries and our other group entities. There, the revenue is at Rs. 113.97 crores. And the console EBITDA is at Rs. 22.4 crores at a 19.7% margin. Page 2 of 17 Here, you will also see a PAT of Rs. 9.5 crores at an 8.3% margin. The qualified pipeline, an important number here, is at 80.13 million. That is where we are at the end of the quarter. And we will spend proper time on the pipeline towards the end of the presentation. One thing to notice here right up front, and I think you will have questions on this, is the confirmed margins look very different from the standalone margin. And that is a structure actually. That is not any deterioration of margin. That is the structure the way it is. Because the Veefin product business and the subsidiaries have a very different profile of the business itself and their margins are different. So when you are looking at the Veefin numbers, use the standalone lens to judge the product economics and look at the console from the full statutory perimeter as such. And what is the shareholder attribution. Look at it only from that point of view. You see at the bottom, we have also put the third party recognitions for investors who have joined the call who do not know Veefin as much. The key thing here is IBSI sales league table, global sales league table, ranked us as number one in wholesale transaction banking. Euromoney Awards 2025, we were awarded as the Most Innovative Software Provider. And we are industry leader again in both editions of the IBSI Supply Chain Finance spectrum. Now these are important because this is not our claim, this is what the industry independent assessments talk of Veefin. And these are the kind of recognition that clients look for when they are signing up with us. Moving on to Veefin, if there is one sentence I can sum this slide up in, is that the install base is 50 plus installations. We have close to $47 billion [Showing first 8,000 characters — download PDF for full document]