Transcript of conference call held in respect of Financial Results for the Quarter ended 30 June 2026.

AI summary - Q1 FY27 AUM grew by INR37,000 Cr; profit up 28%; ROE at 20.4%, ROA 4.7% - Gold loan AUM up 112%, now 4% of total; 2,700-3,000 branches targeted by year-end - Rural and urban consumer finance grew 49% and 38%; SKU price hikes contributed ~20% - Credit cost improved: loan loss to AUF at 1.54% vs 1.87% last year; additional INR296 Cr macro provision - AI initiatives driving efficiency: 27 bots live, AI to deliver INR11,000-12,000 Cr disbursements in FY27 - Deposit book at INR68,500 Cr (15% of balance sheet); opex to NTI at 33.4%, expected to improve 25-40 bps in FY27 - Management cautious on FY27 growth and credit cost guidance; will reassess after Q2 - Digital platform contributes 20-25% of business in key segments; AI improving underwriting and service - Capital adequacy strong; BHFL dilution planned before any capital raise - Competitive intensity remains high; focus on customer centricity, AI, and digital transformation to sustain growth and margins