Annual Report for FY 2025-2026.

CIN: L74899DL1992PLC051462 August 27, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Phiroze Jeejeebhoy Towers, Dalal Street, Complex, Bandra (E), Mumbai – 400051. Mumbai-400001 NSE Symbol: CSLFINANCE BSE Script Code: 530067 Sub: Annual Report for the Financial Year 2025-26 Dear Sir/Ma’am, In compliance with the provisions of Regulation 34, 36 & 53 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we enclose herewith a copy of the Annual Report for the proposed 34th Annual General Meeting of the Company for the FY 2025-26 which has been circulated to the shareholders through electronic mode. The Annual Report is also hosted on the website of the Company at www.csl(cid:976)inance.in . This is for your kind information and record. Thanking You. Yours Faithfully, For CSL Finance Limited Rohit Gupta (Managing Director) DIN: 00045077 Enclosed: A/a Reg. off.: Of(cid:976)ice No. 301-302, 8/19, 3rd Floor, W.E.A, Pusa Lane, Karol Bagh, New Delhi – 110005, Corp off.: 714-717, 7th Floor, Tower – B, World Trade Tower, Sector – 16, Noida,201301, Uttar Pradesh, Ph.: +91 120 4290650/52/53/54/55, Email: info@csl(cid:976)inance.in, Web.: www.cslfinance.in Annual Report 2025-26 The Strength of Diversification CSL Hai Toh Mumkin Hai (TM) The Strength of Two Businesses, Inside this Report One Balance Sheet Strategic Review Financial Highlights About CSL Finance 02 Diversification Growth Journey 06 D D D of CSL Finance 1,448 1,395 615 Phygital Operations Model 08 Crores Crores Crores Business Verticals: AUM 21% Loan Book 21% Net Worth 13% SME Retail Lending 12 Wholesale Lending 16 CSL Finance operates two lending Our business diversification is more than a spread D D D Board of Directors 20 businesses with distinct customer profiles, of assets. The two businesses answer to different 257 168 86 Corporate Governance 22 business cycles and rhythms. FY26 showed customers, different cycles and different risks, Crores Crores Crores Framework and each is underwritten on its own terms rather why that structure matters. Wholesale than against a singular view. That separation is Total 19% Net Interest 15% Net 19% Leadership Team 24 lending grew steadily through the year, deliberate. It is what allows one part of the book Income Income Profits Letter to Shareholders 26 supported by a healthy pipeline across to be paced back without slowing the whole Key Performance Indicators 30 enterprise, and what gives us room to be patient our Delhi NCR micro-markets, disciplined where patience is the right answer. Strategic Priorities & 32 project selection and consistent collections. 1.10% 14.81% 1.39x Competitive Strengths The discipline this demands is real. Each business SME Retail went through a year of has to be monitored closely, held to its own KPIs, Gross NPA Return on Equity Leverage Ratio People and Responsibility 34 consolidation, shaped by industry-wide and allowed to consolidate when the environment headwinds and by internal productivity calls for it. That was our approach through FY26, Conservative Leverage Corporate Social Responsibility 36 challenges that we set out to address. and it is the approach we carry into FY27, with a Management Discussion 38 and Analysis wider lender base, meaningful headroom to grow Diversification allowed the Company to hold its and a stronger underwriting foundation behind us. course, and still deliver growth in a challenging Our optimism is measured, and it rests on a model Business Highlights year. One vertical carried the momentum for the built to hold steady across different cycles. Statutory Reports year. The other used the time to strengthen its foundations, sharpen its customer segments and Company Information 46 3,223 44 rebuild productivity at the branch level. What Notice 47 emerged was a year of financial progress, delivered Active SME 7% Branch on a conservative balance sheet, with asset quality, Retail Loan Network Directors’ Report 67 leverage and capital adequacy each held within our Accounts Across 7 States Corporate Governance Report 83 defined standards. Financial Statements Independent Auditors’ Report 101 Team 2% Balance Sheet 115 Strength Statement of Profit and Loss 116 Statement of Cash Flows 117 A- Stable Statement of Changes in 118 Equity Credit Rating Notes to the Financial 119 Reaffirmed Statement For more information, visit website - www.cslfinance.in Safe Harbour Statement This document may contain certain forward-looking statements/details in the current scenario, which is extremely dynamic and increasingly fraught with risks and uncertainties. Actual results, performances, achievements or sequence of events may be materially different from the views expressed herein. Investors/ shareholders/public are hence cautioned not to place undue reliance on these statements/details, and are advised to conduct their own investigation and analysis of the information contained or referred to in this section before taking any action with regard to their own specific objectives. Further, the discussion following herein reflects the perceptions on major issues as on date and the opinions expressed here are subject to change without notice. The Company undertakes no obligation to publicly update or revise any of the opinions or forward looking statements expressed in this section, consequent to new information, future events or otherwise. 2 CSL Finance Limited / Annual Report 2025-26 Strategic Review Statutory Reports Financial Statements 3 ABOUT CSL FINANCE Built Around Two Business Verticals SME Retail Lending and Wholesale Lending are the two verticals through which CSL operates. Both Lending Businesses offer secured loan products aimed at the same gap, the distance between what borrowers need and what the formal system will fund. The depth of our teams and the direction our leadership sets strengthen our position in these markets. How We Compete Deep domain expertise, a business model Established in 1992, CSL Finance Reaching Beyond the Metros kept deliberately focused, and a customer-first Limited is a Non-Banking Finance Small businesses outside the formal banking orientation anchor how we work. We support Company registered with the Reserve net form the core of our SME Retail customer borrowers quickly, using technology to compress base. We underwrite them using alternative data turnaround and a widening geographic footprint to Bank of India and listed on the NSE and alongside conventional assessment, letting us extend reach. BSE. What began as lending to small move quickly on applications traditional lenders and mid-sized corporates now extends find difficult. The journey itself is simple and largely paperless. to Small and Medium Enterprises, non- salaried individuals and professionals, Enabling wider access: 50% of SME CSL Ethos and real estate developers. Our product Retail Assets Under Management (AUM) portfolio is shaped around the capital originates outside urban centres, a Customer- Passion for measure of how far our lending reaches requirements of underserved and first excellence beyond the metros. unbanked small businesses, and it continues to evolve alongside them. Ticket sizes stay small and terms stay flexible. Delivery runs on a phygital model that pairs our technology stack with a branch network across Respect our target markets in Northern and Western India, Integrity for people giving borrowers digital speed and local presence. Domain Focused Superior Employee Expertise Strategy Customer Excellence Experience Our Strategic Knowing our markets, our We work inside our circle of The Strengths A capable and empowered products and our customers competence. Staying there is Fast, flexible disbursement with team delivers the service, Approach We Rely On in detail is what allows us to what gives us a strong position minimal physical paperwork working in an environment structure financing that fits [Showing first 8,000 characters — download PDF for full document]