Annual Report for the Financial Year 2025-26

Date: August 27, 2026 The Manager The Listing Department Department of Corporate Relationship National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex 25th Floor P. J. Towers, Dalal Street Bandra (East) Mumbai -400 001 Mumbai -400 051 SCRIP CODE: Equity- 532900 SCRIP SYMBOL: PAISALO NCDs-975107, 975202, 975251, 975329, 975437, 975640, 975865, 976752, 977004, 977097, 977278, 977279, 977358, 977371, 977643, 941165, 941167, 941169, 941171, 941173, 941175 and CPs- 731429, 731434, 731455, 731624, 732088 SUB.: Submission of Annual Report for the Financial Year 2025-26 and Notice of 34th Annual General Meeting of the Company under Regulation 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) Dear Sir/Madam, This is to inform that the 34th Annual General Meeting (“AGM”) of the Members of the Company will be held on Monday, September 21, 2026 at 3:00 P.M. (IST) through Video Conferencing (“VC”) /Other Audio Visual Means (“OAVM”), in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The Company has fixed Monday, September 14, 2026 as the “Cut-off Date/Record Date” for the purpose of determining the members eligible to vote through remote e-voting on the resolutions set out in the Notice of the AGM or to attend the AGM and cast their vote thereat and the Final Dividend on fully paid-up equity shares of the Company for the Financial Year ended March 31, 2026. Pursuant to Section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Books of the Company shall remain closed from September 15, 2026, to September 21, 2026 (both days inclusive). Pursuant to the provisions of SEBI LODR, the Annual Report for the Financial Year 2025-26, including the Notice convening the 34th Annual General Meeting, being sent to the Members and Debenture holders through electronic mode, is enclosed herewith. Further, in Compliance with Regulations 36(1)(b) and 58(1)(b) of the SEBI LODR, as amended, the web-link, including the exact path, where complete details of the Annual Report are available is being sent to those member(s) who have not registered their email address(es) either with the Company or with any Depository or with Registrar & Share Transfer Agent (RTA) of the Company i.e. Alankit Assignments Limited. Copy of the Annual Report is also available on the Company’s website at www.paisalo.in. Thanking you, Yours faithfully, For Paisalo Digital Limited (Manendra Singh) Company Secretary Encl. As above Copy to: 1. National Securities Depository Ltd. 2. Central Depository Services (India) Ltd. 3. Alankit Assignments Limited 4. Afrinex Exchange Listing Centre 5. India International Exchange (IFSC) Ltd. Letter to shareholders 1 THE PATH TO SUCCESS IS TO TAKE MASSIVE, DETERMINED ACTION 04 Letter to shareholders 129 Annexure C: Annual Report on CSR Activities for the 36 Paisalo’s Promise Financial Year Ended March 31, 2026 38 Success Story 132 Annexure D: Business Forward–looking Statement Reporting Principles Certain statements in this Report The financial and statutory 40 Company at Glance Responsibility & Sustainability relating to the Company’s business data disclosed in this Report is Report operations and prospects may be in line with the requirements of 42 5 Years Financial Highlights forward-looking statements. These the Companies Act, 2013; Indian 167 Annexure E: Details Pertaining statements can be identified by usage Accounting Standards; the Securities of words such as ‘believes’, ‘estimates’, and Exchange Board of India 44 ESG to Employees ‘anticipates’, ‘expects’, ‘intends’, ‘may’, (Listing Obligations and Disclosure ‘will’, ‘plans’, ‘outlook’ and other words Requirements Regulations, 2015; and 52 Corporate Information 168 Corporate Governance of similar meaning in connection with the Secretarial Standards. Report a discussion of future operating or 54 Our Presence financial performance. These forward- looking statements are dependent 203 C ertificate Of Compliance on assumptions, data or methods 56 Board of Directors with Code of Conduct that may be incorrect or imprecise and hence may be incapable of 58 Key Management being realised. Such statements are 204 Certificate on Corporate not guaranteed of future operating, Governance financial and other results, but 60 Business Segment constitute our current expectations based on reasonable assumptions. 70 M anagement’s Discussion 205 Certificate of Non– The Company’s actual results could and Analysis Report Disqualification of Directors materially differ from those projected in any forward–looking statements due to various future events, risks 108 Board’s Report 206 Chief Executive Officer and uncertainties some of which are & Chief Financial Officer beyond our control. The Company does 124 Annexure A: Secretarial Audit Certification not assume any obligation to update or Report for the Financial Year revise any forward–looking statements, Ended March 31, 2026 whether as a result of new information, 208 Financial Statements future events or otherwise. 128 Annexure B : Form AOC-2 Disclosure of material Related 314 Notice of 34th AGM Party Transactions 2 Letter to shareholders Letter to shareholders 3 Dear Shareholders, India today stands at a defining point in its economic journey. As our nation advances towards the aspiration of Viksit Bharat 2047, India is becoming more formal, more digital, more entrepreneurial and more financially inclusive. Across villages, towns and cities, millions of Indians are seeking the opportunity to build businesses, create livelihoods, acquire productive assets and improve the lives of their families. At Paisalo Digital, we have been privileged to participate in this journey for more than three decades. Since our incorporation in 1992, our purpose has remained remarkably consistent: to bridge the credit gap by connecting India's underbanked and underserved populations, including MSMEs, with the formal financial ecosystem. The methods have changed. Technology has changed. India has changed. But the fundamental need we address remains the same. There are millions of hardworking and enterprising Indians who possess the ability, intent and ambition to progress but who have historically found access to appropriately structured formal credit difficult. Paisalo exists for them. And increasingly, technology is enabling us to reach them faster, understand them better and serve them more efficiently. The global environment remains complex. Geopolitical conflicts, trade tensions, volatile commodity and energy prices, shifting supply chains and uncertainty around interest rates can affect economies and financial markets everywhere. India cannot be completely insulated from these forces. Yet India enters this period with considerable structural strengths: a large domestic economy, expanding digital infrastructure, increasing formalisation, a growing entrepreneurial base and a population with enormous aspirations for economic progress. For Paisalo, perhaps the most important transformation is happening beyond India's largest metropolitan centers. Economic activity is deepening across Tier-2, Tier-3, Tier-4 and Tier-5 towns and rural India. Small entrepreneurs are becoming more connected to the formal economy. Digital payments are creating transaction histories. Technology is making customer identification and underwriting more efficient. And India's financial infrastructure is increasingly making it possible to serve customers whom the traditional financial system historically found expensive or difficult to reach. This creates an enormous opportunity. But opportunity should never become an excuse for imprudence. Financial services is a business where optimism about India must always be accompanied by discipline about risk. At Paisalo, we pursue both. Sunil Purushottanm We will grow, but not at any cost. We will embrace technolo [Showing first 8,000 characters — download PDF for full document]