General Updates

Q1 FY27 Investor Presentation August 2026 From Proof of Model to Proof of Scale BSE & NSE Listed | Established 1985 | Gold & MSME Lending Franchise Disclaimer Certain statements in this document that are not historical facts are forward looking statements. Such forward- looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. Capital Trust Limited will not in any way be responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. COMPANY OVERVIEW & Q1FY27 UPDATE About Capital Trust Limited Company Snapshot Foundation For Scalable Growth Capital Trust Limited (CTL) is a publicly listed NBFC with over four Secured Gold Loans decades of lending experience and an established distribution network of 250+ branches across 10 states. Incremental own-book lending focused on secured assets. Over its operating history, CTL has disbursed loans to more than 12 Lakh clients across rural and semi-urban India. Building on this established franchise, the company has repositioned itself towards secured and partnership-led growth while continuing to Partner-Led MSME Loans leverage its existing distribution, technology and branch- management capabilities. Leveraging partnerships to scale without balance-sheet deployment. Rural Distribution 40 Years+ ₹4,500 Cr+ Existing branch network used for sourcing, servicing and collections. OPERATING HISTORY TOTAL DISBURSED Operating Leverage 6 250+ Legacy infrastructure repurposed for lower-risk growth. GOLD LOAN BRANCHES MSME DISTRIBUTION BRANCHES Strategic Shift From Balance Sheet Risk To Secured & Partnership-Led Growth LEGACY FRAMEWORK FUTURE-READY FRAMEWORK Previous Strategy: New Strategic Direction: Unsecured MSME-Led Own Book Secured Own-Book + Risk Capped Partner-Led Growth Unsecured MSME loans largely held on CTL’s balance sheet Secured gold loans on CTL’s balance sheet Higher direct credit exposure with 100% loss absorption Partner-Led MSME with zero-to-capped CTL credit exposure Capital-intensive growth Capital-light growth through strategic BC and Co-Lending partnerships Lower capital velocity and greater earnings volatility Higher velocity and enhanced RoA utilizing existing branch infrastructure The customer franchise remains intact. The risk architecture has changed. LOWER RISK HIGHER VELOCITY CLEANER BALANCE SHEET Dual Business Model Two Complementary Engines For Sustainable Growth Engine 1: Engine 2: Gold Loans MSME Loans OWN-BOOK GROWTH ENGINE RISK-CAPPED DISTRIBUTION ENGINE CTL deploys its balance sheet predominantly into secured Gold Loans, creating a CTL uses its 250+ branch network to originate, service and collect MSME loans short-duration, collateral-backed lending book. largely funded by institutional partners. Secured Assets: Physical gold collateral with disciplined LTV. Partner Capital: Banks and NBFC partners provide lending capacity. Spread Income: CTL earns interest income on its own deployed capital. Fee Income: CTL earns sourcing and servicing income. High Capital Velocity: Short-duration assets enable faster recycling of capital. Controlled Credit Exposure: Zero-to-capped credit risk to CTL. Strategic Role: Gold is the principal product for incremental own-book growth. Strategic Role: Existing infrastructure generates business without CTL capital. Gold: Deploy The Balance Sheet | MSME: Deploy The Branch Network Q1 FY27 Executive Update From Turnaround Proof To Scalable Growth FY26 rebuilt the platform. Q4 proved the turnaround. Q1FY27 begins to prove scale. 01 AUM Growth Has Accelerated Total AUM increased 52% QoQ to ₹240 Cr, extending the growth momentum established in Q4FY26. 02 Gold Loans Have Moved Beyond Pilot Stage 6 branches operational; Q1FY27 Gold Loan disbursements crossed ₹20 Cr; monthly disbursement run-rate of ~₹5 Cr. 03 Partner-Led MSME Is Scaling Existing 250+ branches originate, service and collect MSME loans with monthly disbursement run-rate of ~₹30 Cr. 04 Risk Mix Has Improved Materially 72% of AUM is now secured / zero-credit-risk, while GNPA reduced further to 2.7% and NNPA remains at 0%. 05 Gold Loans Funding Base Is Expanding Three on-balance sheet lenders onboarded for on-balance sheet gold loan book. 06 Profitability Sustained Second consecutive operating profitable quarter, with PAT increasing to ₹0.20 Cr Growth ↑ | Risk ↓ | Profitability ↑ | Funding Headroom Remains Numbers at a Glance ASSETS UNDER MANAGEMENT QUARTERLY DISBURSEMENT SECURED / ZERO-RISK AUM GOLD LOAN BUSINESS ₹240 Cr ₹112 Cr 72% ₹35 Cr+ [Q4FY26: ₹ 158 Cr] [+52% QoQ] [Q4FY26: ₹ 89 Cr] [+24% QoQ] [Q4FY26: 56%] [+30% QoQ] Cumulative Disbursements Growth continues across Gold and Both lending engines contributed to New AUM increasingly carries lower 6 branches | ₹5 Cr monthly run-rate Partner-Led MSME. quarterly growth. direct CTL credit risk. CAPITAL ADEQUACY GROSS & NET NPA TOTAL INCOME PROFIT AFTER TAX 40% 2.7% & 0% ₹12.3 Cr ₹0.20 Cr [Q4FY26: 35%] [+14% QoQ] [Q4FY26: 2.8%] [-3% QoQ] [Q4FY26: ₹ 9.6 Cr] [+25% QoQ] Strong capital buffer to support Asset quality continues to Higher business volumes increased Second consecutive profitable quarter future on-book secured loan growth improve as legacy risk declines. both interest and fee income with earnings improving with scale. Secured / Zero-Risk Book Scaling | Partner Book Compounding | Balance Sheet Under-Levered Q1FY27: GROWTH MOMENTUM Disbursements Rising | AUM Accelerating | Both Engines Contributing Q1FY27 Growth Momentum Disbursements Rising Monthly Disbursement (₹ in Crores) Q1FY27 TOTAL DISBURSEMENTS ₹111.6 Cr 19 89 112 Q3FY26 Q4FY26 Q1FY27 1.24x Growth vs Q4FY26 Q1FY27 exceeded H2FY26 combined Quarterly disbursement of ₹111.6 Cr surpassed the total of Q3 and Q4 FY26 combined (₹110 Cr). Three consecutive quarters of growth ₹19 Cr → ₹89 Cr → ₹112 Cr, with 99.5% collection efficiency on this portfolio. 10 14 Two engines scaling together 5 6 7 8 6 11 1 2 3 Simultaneous ramp of secured gold and partner-led Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 MSME on the existing branch network. Secured Partner-Led MSME Q1FY27 Growth Momentum AUM Accelerating: +52% QoQ, +44% YoY Quarterly AUM (₹ in Crores) New Strategic Direction Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Secured MSME Q1FY27: GROWTH WITH A BETTER RISK PROFILE Secured Mix Rising | GNPA Falling | Leverage Remaining Low Q1FY27 Risk Profile AUM Growth Without Recreating Historical Risk AUM Split (₹ in Crores) Secured SFB Partnership Remaining MSME Mar-25 Mar-26 Jun-26 0% 56% 72% Secured / no-credit-risk AUM Secured / no-credit-risk AUM Secured / no-credit-risk AUM Unsecured own-book MSME dominated New risk architecture established; majority Q1FY27 shows further improvement as Gold and risk architecture. of AUM already secured or zero-credit-risk. no risk MSME partnership continue to scale. The AUM Number Matters. The Composition Of The AUM Matters Even More. Q1FY27 Risk Profile Gross NPA Under Control 90+ DPD As % Of AUM Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Net NPA Prov. Cover 9.1% 9.4% 8.3% 2.8% 2.7% 0% >100% 90+ DPD As % of AUM GNPA Reduction 10% Reduced from 9.1% (Q1FY26) to 2.7% through resolution and disciplined write-offs. 8% Net NPA Discipline NNPA has remained at 0% since Q2FY26, reflecting full 6% provisioning against remaining legacy stress. Credit Drag Eliminated Legacy unsecured MSME risks fully recognised and provided for 2.7% in previous quarters with technical write-off done in Q4FY26. From Q3FY26: AUM +131% | GNPA From 8.3% to 2.7% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY27 Risk Profile From Deleveraging to Disciplined Re-Leveraging EXTERNAL DEBT / EXTERNAL DEBT / CAPITAL EXTERNAL NET WORTH TANGIBLE NET W [Showing first 8,000 characters — download PDF for full document]