Company Update

August 08, 2025 To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai -400001 BSE Scrip Code: 538772 Subject: Investor Presentation-O1FY26 Dear Sir/Ma'am, Pursuant to Regulation 30 (6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "SEBI Listing Regulations") read with Part A of Schedule III of the SEBI Listing Regulations, we are enclosing herewith the Investors' Presentation for Q1FY26 Pursuant to Regulation 46 (2) ( o) of the SEBI Listing Regulations, the aforesaid information is also being made available on the website of the Company i.e. www.niyogin.com MD&CEO DIN:06572282 Encl: a/a h Limited Niyogin Fintech Limited (CIN L65910TN1988PLC131102) Regd. office: M.I.G 944, Ground Floor, TNHB Colony, 1st Main road, Velachery, Chennai, Tamil Nadu -600042. Corporate office: Neelkanth Corporate IT Park, 311/312, 3rd Floor, Kirol Road, Vidyavihar (w), Mumbai -400086. Chennai Tel: 044 47210437 I Mumbai Tel: 022 62514646 I Email: info@niyogin.inIWebsite:www.niyogin.com ----------------Page (0) Break---------------- Investor Presentation Niyogin Fintech Limited Q1FY26 ----------------Page (1) Break---------------- Quarterly Report Card 2* Including off book exposure **Gross Income, net of partner payouts, funding costs, and credit costs Net Revenue** AUM*320.3 Devices deployed (#) 278.8 22.2 QoQ Change %Q4FY25 Q1FY26Parameters (Rs. Crores) 9% 15% -8% 24.2 73.2K79.7K 208.5 11.2 YoY Change %Q1FY25 116% 54% 109%35K 2.30.5360%(6.6)NMEBITDA -- -- -- - - -- -- - - -- -- -- - - -- -- -- - - -- -- -- - - -- -- - - -- -- -- - - -- ----------------Page (2) Break---------------- Financial Updates for Q1FY26 3 Achieved simultaneous profitability across both core businesses–iServeUand Niyoginare PBT positive together for the first time, marking a key milestone driven by strategic execution and operational leverage.1 ContinuedRevenueUpswing–NetRevenueroseto24.2CroresinQ1FY26,reflectinga9%QoQgrowthfrom22.2CroresinQ4FY25, anda116%YoYincreasefrom11.2CroresinQ1FY25.Thisrobustperformancewasdrivenbyscalingoperations,customerbase expansion,andenhancedplatformefficiency.

2 Consolidated NFL PerformanceAlignedwithAnnualGoals–BothcorebusinessesmetQ1guidance,drivingconfidenceinfull-yeargoals.Focusedcost controlandefficiencyimprovementsareenhancingEBITDAandsupportingsustainableprofitability.3 EBITDA stood at 1.8 Croresin Q1FY26, reflecting continued positive momentumfollowing 2.0 Crores in Q4FY25, and marking a significant turnaroundfrom an EBITDA loss of 4.3 Crores in Q1FY25.2 Net Revenue stood at ₹15.3 Crores in Q1 FY26, marking a 12% QoQincrease from ₹13.6 Crores in Q4 FY25 and a 168% YoYsurge from ₹5.7 Crores in Q1FY25.1 iServeU Outstanding Order bookhas increased to ~585 Croreswith 31 contracts in Q1 FY26, up from ~₹400 Crores with 20 contracts in Q4 FY25.3 ----------------Page (3) Break---------------- Financial Updates for Q1FY26 4 *Includingoff-bookexposure AUM*grewby15%QoQandstoodat320.3CroresasofQ1FY26,upfrom278.8CroresinQ4FY25andup54%YoYfrom208.5Croresin Q1FY25.1 Niyogin Standalone DeliveredastrongturnaroundbyachievingapositivePBT(Ex-ESOP)of1.0CroreinQ1FY26,reversinglossesof1.2CroresinQ4FY25 and1.7CroresinQ1FY25.2 Initiatedfocusedcost-savingmeasuresandenhancedoperatingleverageinQ1,layingthefoundationforimprovedearnings.Thepositive impactoftheseeffortsisexpectedtobecomevisiblefromQ2FY26onwards.3 Nearly50%ofloansarenowoperatingunderthedailyrepayment(EDI)model.4 ----------------Page (4) Break---------------- Achievement of Q1 & Guidance for FY 26 (Q2 & FY) , ----------------Page (5) Break---------------- Achievement in Q1 FY26 6 *Includingoffbookexposure **Ex-ESOP Parameters (Rs. Crores)Q1FY26 (Actuals)Q1FY26 (Guidance) iServeU Net Revenues15.313-15 EBITDA (%)12%12-15% NBFC AUM*320315-330 PBT**1.00.8-1 ----------------Page (6) Break---------------- Strong Visibility of FY26 Guidance 7 *Includingoffbookexposure **Ex-ESOP Parameters (Rs. Crores)Q2FY26 (E)FY26 (E)FY25YoY Growth iServeU Net Revenues16-1870-8039.61.8x-2.0x EBITDA (%)12-15%-- NBFC AUM*340-350500-550278.81.8x-2.0x PBT**1-1.24.5-5-- ----------------Page (7) Break---------------- Quarterly Highlights- iServeU , ----------------Page (8) Break---------------- Executive Summary 9 Q1 FY26 2 Q1FY26 recorded a positive PBT of 0.4 Crores, compared to 0.9 Crores in Q4FY25 and a loss of 5.6 Crores in Q1FY25, marking a strong YoY turnaround.3 1Net Revenue stood at ₹15.3 Crores in Q1FY26, marking a 12% QoQincrease from ₹13.6 Crores in Q4FY25 and a 168% YoYsurge from ₹5.7 Crores in Q1FY25. EBITDA stood at 1.8 Croresin Q1FY26, reflecting continued positive momentumfollowing 2.0 Crores in Q4FY25, and marking a significant turnaroundfrom an EBITDA loss of 4.3 Crores in Q1FY25. ----------------Page (9) Break---------------- Operational Updates-Program Management 10 Total partnerships as of Q1FY26 -1,222; New partners on-boarded in Q1FY26 -321 UPI business under program management started with partner bank.

Expected to scale up in next few months3 Q1FY26 GTV(1)10,260 Crores, up 12% YoYfrom 9,199 Crores in Q1 FY25.2 1.GTV –Gross transaction value ----------------Page (10) Break---------------- Operational Updates-TSP/SaaS 11 Outstanding order book stands at ~Rs. 585 Crores with 31 contracts1 3 Key tenders applied & results awaited | POS –UCO bank, Kerala State co-operative bank | Soundbox –Saraswat co-operative bank | Switching (IMPS & UPI) –Odisha Gramya bank4 Soundbox deployment stands at 268.5K units & 73.2K units deployed in Q1FY26 Key contracts won in Q1FY26 POS & Soundbox solution –Central bank of India UPI & Soundbox solution –Bank of Maharashtra, SVC co-operative bank and Chhattisgarh Rajya Gramin bank Issuance and Card management –RNFI 2 ----------------Page (11) Break---------------- Q1FY26: Four straight quarters of positive EBITDA 12 Net revenueEBITDA ₹ 5.7 cr ₹ 10.1 cr ₹ 10.2 cr ₹ 13.6 cr ₹ 15.3 cr -₹ 4.3 cr ₹ 1.5 cr ₹ 0.3 cr ₹ 2.0 cr₹ 1.8 cr Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26 2.9 4.1 4.1 6.6 6.0 1.5 5.0 4.5 5.2 5.5 1.3 1.1 1.7 1.7 3.8 Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26 Program ManagementTSP/SaaS Other operational income - ----------------Page (12) Break---------------- 13 TSP/SaaS outstanding order book Business verticalProducts# of contractsContract value (Net) Acquiring solutionPOS (1)2330 Acquiring solutionUPI & Soundbox12170 Acquiring solutionPG139 Financial inclusionAgency banking718 Acquiring solutionBBPS(2)217 Value added servicesSwitching, onboarding, etc.46 Issuance & Card managementPrepaid card22 Lending solutionLOS & LMS(3)11 Total31585 1.POS –Point of Sale; 2. BBPS –Bharat bill payment system, 3. LOS & LMS –Loan origination system and Loan management system All figures in Rs. Crores ----------------Page (13) Break---------------- Financials -Quarterly Profit and Loss statement (in Rs. Crores)Q1FY26Q4FY25QoQ (%)Q1FY25YoY(%)FY25 Gross revenue37.6 37.4 0.5%34.59%165.5 Net revenue15.3 13.6 12%5.7169.7%39.6 Program Management6.0 6.6 (10%)2.9105.5%17.7 TSP/SaaS5.5 5.2 5%1.5269.1%16.2 Other operational income3.8 1.7 119%1.3200.5%5.8 Expenses12.5 10.8 17%9.137.5%36.8 EBITDA1.8 2.0 (9%)(4.3)NM(0.6) Reported pre tax Profit/(Loss)0.4 0.9 (59%)(5.6)NM(5.2) Depreciation0.9 0.9 4%0.94.7%3.4 Finance cost1.4 1.1 37%1.313.7%4.7 14 ----------------Page (14) Break---------------- 15 Marquee partnerships $2 ~,.novopay TRANSACTION ~ANALYSTS j.,,._AXIS BANK J• hatP.at)~> , ,/,; Lulu .. ~~.,(-.J&K SponSOffdby,.'# .. J.K ,~ ?J .; Grameen Bank PAY MO n e Engendering Empowerment ( A Government of India Undertaking) THANSC~1-.'P ,:o,wr I M<»,l(YTit,CiN~rp/(AAD$ St\ VV\ttddv, Kendra SURYODAY A SANK OF SMILES. slice UCO BANK ----------------Page (15) Break---------------- Quarterly Highlights- NFL , ----------------Page (16) Break---------------- Executive Summary 17 Gross disbursements reached 160 Crores in Q1FY26 –the highest in our NBFC’s history, compared to 115 Crores in Q4FY25 and 78 Crores in Q1FY25, driven by operational scale-up.1 Q1FY26 LTD loans processedstood at 1,95,697in Q1FY26, up 21% QoQfrom 1,61,714in Q4FY25, reflecting continued scale-up in loan origination.3 Net Interest Incomegrew to 9.3 Crores in Q1FY26, up 11% QoQfrom 8.4 Crores in Q4FY25 on the back of strong disbursals, and up ~20% YoYfrom 7.8 Crores in Q1FY25.2 ----------------Page (17) Break---------------- Portfolio Quality and Mix 18 5.7 5.2 3.3 2.32.2 1.7 Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26 Portfolio Mix 9% 91% Portfolio Mix Partnership and Alliances ●Collateral: FLDG from partner ●Cashflow: Banking & liquid income assessment ●NNPA: 0.6% ●Customer Turnover: <Rs. 1 Cr. ●Average ticket size : Rs. 0.01 Cr ●Tenor:12M Finance Professionals Channel and Legacy Portfolio *NNPA% have been calculated net of 100% FLDG backed exposure Asset quality improved sharply as portfolio mix moved in favour of Partnership and Alliances Asset Quality* %NNPA ----------------Page (18) Break---------------- Embedded Lending & Co-lending: Q1FY26 Momentum 19 Inflection Point Achieved : Embedded lending stack delivers strong outcomes in Q1FY26 ParameterQ1FY26Q4FY25QoQ% LTD loans processed1,95,6971,61,71421% Total API Hits~40 lakhs~30 lakhs33% Partnerships-First Approach : APIs + co-created credit products drive market impact Scalable Co-lending Model : A sustainable moat for distribution and credit deployment ----------------Page (19) Break---------------- Q1FY26: Loan Book 20 53 78 97 113 152 156 158 145 166 168 25% 33% 40%41% 48% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% - 50 100 150 200 250 300 350 Q1FY 25Q2FY 25Q3FY 25Q4FY 25Q1FY 26 AUM* (in crores) EDIOthers% EDI 320 236 209 279 242 48% of the Loan Book falls under EDI (Equated Daily Installments category) *Includingoffbookexposure -- ----------------Page (20) Break---------------- Merchant EDI Loans: Growth Driver 21 Strong Product Market Fit : Equated instalments (EDI) driving rapid growth as a single largest enabler 1 Embedded in Key Platforms : Khatabook, Meesho, Ninjacart, and others 2Scalable High-Frequency Segments : Low delinquency, small-ticket size, Cashflowbacked Key Success Factors : Modular APIs, tailored policies, cash flow-linked repayment 3 4 EDI Flywheel EDI-Equal Daily Installments More customers Accelerated customer acquisition Largier data-sets and trained models Stronger models for underwr"ting ----------------Page (21) Break---------------- Financials –Quarterly 22 Std.

Profit & Loss Statement (in Rs. Crores)Q1FY26Q4FY25QoQ (%)Q1FY25YoY (%)FY25 Gross Income ^25.6 23.4 10%16.1 59%76.7 Commission Sharing(13.6)(12.8)7%(6.9)96%(37.9) Interest Expenses(2.6)(2.2)20%(1.4)95%(8.0) Net Interest Income9.3 8.4 11%7.8 20%30.8 Employee Cost (Ex ESOP)(4.9)(4.8)3%(5.1)(3%)(19.3) Other Cost(1.9)(3.1)(37%)(2.4)(19%)(10.3) Pre Provisioning Op.

Profit2.5 0.5 395%0.3 731%1.1 Credit Cost^(1.5)(1.8)(16%)(2.0)(25%)(7.8) PBT (Ex ESOP)1.0(1.2) NM(1.7)NM(6.7) ESOP cost(0.4)(1.1)(65%)(0.7)(48%)(3.1) PBT 0.6(2.3)NM(2.5)NM(9.8) Std.

Balance Sheet Excerpt (Rs Cr)Jun’25Mar’25QoQ (%) AUM320.3*278.8*15% Borrowings73.889.1(17%) *Includingoffbookexposure *AdjustedforFLDGinvoked ----------------Page (22) Break---------------- 23 Marquee Partnerships Lending Program Partners Distribution Partners I KhataBook Capital Trust KARMALIFE ' ninjacart RapiPay@ 0 Ea!,~~~"~.!.! ro111or :,F I N A N C E jU., Piramal Finance ,. 9 l&T Finance ADITYABIRLA r-., L::J digit Ill ~BAJAJ ~FINSERV FINANCE j:j,j#fl:f-iM lnvestdirect TATA CAPITAL ----------------Page (23) Break---------------- Participation in various events 24 ----------------Page (24) Break---------------- Annexures , ----------------Page (25) Break---------------- Consolidated Financials 26 Consolidated (in Rs. Crores)Q1FY26Q4FY25QoQ (%)Q1FY25YoY(%)FY25 Gross Income85.071.120%50.867%307.4 Net Revenue**24.2 22.2 9%11.2 116%67.4 EBITDA2.3 0.5 360%(6.6) NM(8.6) PBT(0.7)(3.1)77%(9.9)93%(22.3) ESOP0.4 1.2 (67%)0.7 (43%)3.2 PBT (Ex-ESOP)(0.3)(2.0)85%(9.1)97%(19.0) **Gross Income, net of partner payouts, funding costs, and credit costs ----------------Page (26) Break---------------- Shareholding Pattern 27Note: As of June 30, 2025, Promoters (37.7%) Institutional Investors (21.2%) Others (41.1%) Shareholding Pattern Top Institutions Think India Opportunities Master Fund Strategic India Equity Fund Vikasa India EIF I Fund AioniosAlpha Fund Ashika Global Finance Pvt Ltd Cohesion MK Best Ideas ----------------Page (27) Break---------------- Annexures Niyogin Finserv Ltd I niyogin ! iServeu® Powering ambitions.

Powering growth.

I I ---------------------,--------------------- 1 I . , moneyfront j rnvoG1n(€w ' ------------------------------------------- ----------------Page (28) Break---------------- Board of Directors 29 Samir Mohan Pandiri INDEPENDENT DIRECTOR Ex-President –BNY Mellon, Apex, Broadridge International Amit Rajpal NON-EXECUTIVE CHAIRMAN, CO-FOUNDER Managing Partner –Marshall Wace; Ex-Morgan Stanley Gaurav Patankar NON-EXECUTIVE DIRECTOR, CO-FOUNDER Managing Partner, Mission1 Investments, Ex-BNY Mellon, Bloomberg Tashwinder Singh MD & CEO, NFL Ex-Citigroup, KKR Kapil Kapoor INDEPENDENT DIRECTOR Chairman-InfoEdge India; Ex-Nestlé; ex-Global COO, Timex Katarina Racek INDEPENDENT DIRECTOR Global Head of Investor Relations -Institutional Investor (II) Sudip Thakor INDEPENDENT DIRECTOR Ex MD -Credit Suisse; Ex-Managing Partner –Pumori Capital Nitin Jaiswal INDEPENDENT DIRECTOR Ex-Bloomberg ----------------Page (29) Break---------------- Management 30 Tashwinder Singh MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER Ex-Citigroup, KKR Abhishek Thakkar PRESIDENT & CHIEF FINANCIAL OFFICER Ex-Avendus Capital, Aegis Logistics, Deloitte Debiprasad Sarangi CHIEF EXECUTIVE OFFICER, iServeU Ex-iCash Card Mohit Gang CHIEF EXECUTIVE OFFICER, MoneyFront Ex-HSBC, Citi Hitesh Jain CHIEF RISK OFFICER Ex-Kotak Mahindra Bank, Jana Small Finance Bank, EnKash Sanket Shendure PRESIDENT & CHIEF PRODUCT & GROWTH OFFICER Ex-Minko Founder Neha Daruka COMPLIANCE OFFICER Ex-Essel Infraprojects Aakash Sethi DEPUTY CHIEF EXECUTIVE OFFICER Ex-Fincent Software Services ----------------Page (30) Break---------------- Investment Rationale –iServeU 31High and profitable growth opportunity Visible profitable Growth Opportunity •Order book ~Rs. 585 Crores, strong consisting of leading banks & financial institutions •Company on path for sustained profits •Serving major clients like Canara Bank, Bank of Baroda, Central Bank of India, Bank of Maharashtra, etc. •Gaining leadership position as TSP for UPI & soundbox solution Strong Corporate Governance •High quality Board and Governance standards being a subsidiary of a listed company Comprehensive Full stack platform •Full stack of financial services with in-house developed capabilities like acquiring, agency banking, issuance, switching, etc. •New age Tech stack , Eliminates legacy system limitations, vendor dependencies, and drives digital transformation •Modern, scalable, and compliant platform with strong growthpotential •Significant opportunities to attract new clients and cross-sell through newly launched products, including soundbox solutions, card managementandBuy now pay later.

Offers an attractive return for investors •Strong visibility of FY26 revenue growth of ~2x with 12-15% EBITDA •Potential to expand business to international markets further expanding margins •Expected to be listed in the BSE once the Scheme of Demerger is approved by the regulators ----------------Page (31) Break---------------- Investment Rationale -NBFC 32 Well Capitalized.

Steadily moving towards Profitability Consumer Platforms’ focus on monetizing their ecosystem Well capitalized and progressing towards profitability Publicly Listed | Strong Governance | Robust Investor support •BSE Listed •Received a BBB- rating from CRISIL •Well aligned interests of management & stakeholders via ESOPs. •High pedigree institutional shareholders support •Platforms positioning themselves as enablers of financial inclusion •Monetization easier for B2B platforms than B2C models •Embedded finance –especially lending emerging as key product Unique business model •Partner platforms bear cost of acquisition and collection •Only cost associated with underwriting on NFL’s book •High operating leverage model with minimal opex and risk participation from partners Curated tech-centric lending programs •Direct API based lending •Developer friendly APIs for seamless integrations •Lending programs customized for needs of partner platform’s user base Underwriting first approach to partner platform selection •Stringent partner selection criteria •Partner platform participation in risk •High frequency feedback loop from partner platforms enable quicker warning signals ----------------Page (32) Break---------------- CorporateStructure 33 Distribution 60%100%51% Lending Merchant AcquiringIssuance Financial Inclusion Lending Solution Document extraction & enhancement solutions NACH Automation KYC solutions Offline Agent App Finance Professional Channel Fintech Channel Co-lending NiyoBlu Merchant Management Solutions – Online and Offline Terminal Management , Soundbox all in one UPI & Bharat Bill Payment System Card management system -Debit cards, credit cards, prepaid cards, Forex cards Access control server Credit card on UPI Agency Banking Mobile Money Includes basic banking products such as ATMs, AEPS, account opening, etc. Account Loan Origination System Loan Management system Buy Now, Pay Later Credit Line on UPI Aadhar masking Facial matching Signature matching Business Segment% Stake in the companyNote:SubsidiariesProducts Niyogin Finserv Ltd New Subsidiary 100% l I I • I I I I • • D iServeu® -I I • I I • i- moneyfront i 1 I I L-----------' • I"'"-, I LJ ----------------Page (33) Break---------------- Our Journey 34 •Acquired 50.01% in Moneyfront, a digital platform, adding Wealth Techto its product stack iSU• 200+ no of partners •Touched Rs ~15k Cr.

GTV •Revenues crossed Rs 100 Cr. iSU •100+no of partners •Key wins –India Post Payments Bank, PSU Bank (first PSU as client) •M-ATM Switch went Live with NPCI in ASP model. •Monthly GTV crossed the Rs 1k Cr. mark in September •Initiated business with the Creditsegment offering small ticket unsecured business loans (UBL) •Focus on market access through CA network •Acquired 51.00% in iServeU, a Rs 3,900 Cr GTV platform •SaaS based B2B product went live under Wealth Tech •Acquired M3 Global Finance, a BSE listed NBFC4, and renamed NiyoginFintech Ltd •Raised capital of Rs 235 Cr from institutional investors 2017 2019 2018 2020 2021 2022 2023 •Received a BBB-/Stable rating from CRISIL• Raised Rs 80 Cr through convertible warrants 2024 •Incorporation of 100% subsidiary ‘Niyogin AI Private Limited’• Acquisition of ‘SuperScan’ toolkit• iSU signs strategic MoU with Pax Technology for procuring devices & collaborated R&D• Composite Scheme of arrangement & amalgamation approved by Board• Credit rating re-affirmed at BBB-• Successfully raised Rs. 56.2 Crore from warrant conversion •Announced the 3-year Hyper growth plan iSU •Went live with NPCI for IMPS (Remitter & Beneficiary) and BBPS (COU) •Expanded product use cases -POS •Key wins –NSDL Payments Bank 2025 Note: All years are Financial Years (,-~ --------- ----------------Page (34) Break----------------