Analysts/Institutional Investor Meet/Con. Call Updates

Ref. No.: LIFL/SLC/2026-27/38 Date: August 26, 2026 To, To, Listing Compliance Department L i s t i n g C ompliance Department BSE Limited N a t i o n a l Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street E x c h a n g e Plaza, C-1, Block G, Mumbai – 400 001(Maharashtra) B a n d r a Kurla Complex, Bandra (East) Scrip Code: 544465 M u m b a i -400051(Maharashtra) Symbol: LAXMIINDIA Sub.: Transcript of Investors/Analysts meeting held on Thursday, August 20, 2026 Dear Sir / Madam, In continuation to our letters dated August 17, 2026 and August 20, 2026, we hereby inform you that pursuant to Regulations 30 and 46 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the Investors/Analysts meeting held on Thursday, August 20, 2026 at 02:00 P.M. has been uploaded on the website of the Company. The same can be accessed at the following link: https://www.lifc.co.in/uploads/Transcript.pdf A copy of the transcript is annexed herewith. This is for your information and appropriate dissemination. Thanking you, Yours faithfully, For Laxmi India Finance Limited (Formerly known as Laxmi India Finance Private Limited) Sourabh Mishra Company Secretary & Chief Compliance Officer M. No.: A51872 “Laxmi India Finance Limited BFSI Day – Go India Advisors” August 20, 2026 MANAGEMENT: Mr. Deepak Baid – Managing Director Mr. Gopal Krishan Sain – Chief Financial Officer Mr. Kuldeep Singh Sikarwar – Chief Business Officer Mr. Piyush Somani – Chief Treasury Officer Rajat Gupta (Go India Advisors): Good afternoon, everyone, and welcome to the GIA BFSI Fintech virtual half-day event. Thank you all for joining us today. Over the next three hours, we will hear from three companies across the BFSI and fintech space, each representing a distinct economic model within one large and growing credit opportunity. That opportunity is the formalization of credit in India. As credit demand continues to rise, the industry is grappling with four key questions: how capital is being deployed efficiently, how underwriting quality is being maintained at scale, how distribution economics are evolving, and where alternative sources of capital are coming from. Today, we have three companies, each addressing these questions from a very different vantage point. One is in MSME and retail lending, specifically secured MSME and retail lending. One is in digital loan origination and distribution, and one is in real-estate and infrastructure credit and fund management. Each session will include a management presentation followed by a Q&A. Everyone can use the chat or raise-hand function to submit questions during the session. With that, I would like to begin the session with the management of Laxmi India Finance. I am pleased to welcome you all. From the management team, we have Mr. Deepak Baid, the Managing Director; Mr. Gopal Krishan Sain, the Chief Financial Officer; Mr. Piyush Somani, the Chief Treasury Officer; and Mr. Kuldeep Singh, the Chief Business Officer. Deepak sir, we would love for you to take us through the company’s journey, the journey so far for Laxmi India Finance, the key growth levers you are focused on going forward, how the business performed in Q1, and your views on the road ahead. Over to you, sir. Deepak Baid (Managing Director, Laxmi India Finance): Thank you, Rajat, and welcome, everyone. Thank you for giving us the opportunity to tell you about the company and explain how we have built it. First, I want to tell you about our background. Laxmi India Finance Limited is a Jaipur-based NBFC, and we are in the secured-lending business. We have 196 branches across six states: Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, and Maharashtra. We have a presence in rural and urban areas, with almost 2,000 employees across the six states. If I talk about the background of the company, my father started this business in 1991 as a wheels business. At that time, it was a proprietorship firm. The business was going very well, and we were well established in the Rajasthan market. Unfortunately, we lost him in 2000. I joined the company in 2000; I was studying in the eleventh standard, but I accepted the challenge. I divided my routine between school in the morning and afternoon, the office in the afternoon and evening, and tuition classes in the late evening. This was the main source of livelihood for the family, so I thought about expanding the business to the next level. We started opening branches in different areas of Rajasthan. We then joined hands with other NBFCs and banks for business opportunities in other segments, such as new vehicles. We joined hands with HDFC Bank as a channel partner for Rajasthan under AU, and then we joined hands with MAS Finance as well. Our strategy was to keep the refinancing business on our own book and place the new-vehicle business with HDFC Bank and MAS Finance as co-partners in a co-lending business. This went very well. In 2010, we decided to establish our own NBFC, work through our own NBFC, and build our own book. We acquired a company called Laxmi India Finleasecap Private Limited. In 2011, we started operations under a new name and a new brand. Gradually, as we expanded across Rajasthan, we found that loans for vehicles and other businesses were also required and in demand. We thought we could start giving loans to SME customers against collateral for the expansion of their businesses. This went very well, and we started building a good book in the SME segment. These loans are 100% secured, with an LTV of 45–50%. Generally, the properties are residential or commercial. Once we were well established in Rajasthan, we thought we should establish a presence outside Rajasthan as well. We started operations in Gujarat in 2019, Madhya Pradesh in 2020, Chhattisgarh in 2021, Uttar Pradesh in 2025, and Maharashtra in 2026. We are primarily present in rural areas. Our target customers are from semi-urban and urban areas as well, particularly customers in the non-income-documentation, NIP, segment. These customers may not Page 2 of 15 have formal documents, but they have good business turnover and transaction activity. On that basis, we sanction loans to them. My primary focus from day one has been team building. We have a very strong team today, with approximately 2,000 employees. Our KMPs and senior management personnel have been with the company for more than four, five, and in some cases six or seven years. This reflects the trust we have built with our team. The second focus area is the business. Our main business is secured lending. We have seen that secured lending has never suffered a significant setback, whether during COVID-19, the introduction of GST, or demonetization. Secured lending has been the best-performing business and has delivered the best returns. This has been our main business segment. Today, MSME and SME loans together account for approximately 80–82% of our business. The third focus is to expand across India. We want to build a presence across the country. Given the size of our company, we have good scope to grow our business in rural and urban areas in other states as well. We still have a good opportunity to establish ourselves in Uttar Pradesh and Maharashtra, where we have recently opened branches. This can take us to the next level. It will also improve our costs and efficiency. Credit underwriting is the most important part, and we have not compromised on it. We use a lot of technology, from day one through the end of the process. From onboarding until the organization issues a no-objection certificate to the customer, everything is monitored, cross-checked, or verified through different APIs and systems. We have a very strong underwriting process. Collections are important because it is easy to distribute money and very difficult to recover it. We have therefore kept ourselves very strong and maintained close [Showing first 8,000 characters — download PDF for full document]