Edelweiss Financial Services Ltd

Processing and listing

• Dematerialised securities confirmed to depositories and listed on exchanges.

Physical certificates and owner update

• Physical certificates mutilated and cancelled; depository registered owner updated within timelines.

No demat/remat requests received

• No dematerialisation/rematerialisation requests were received during the period.

Edelweiss Financial Services Ltd: Trading Window closed from October 1, 2026 till 48 hours after declaration of financial results for the second quarter and half year ending September 30, 2026

NCD issue closure

• Early closure of public issuance of up to 30 lakh NCDs aggregating ₹3,000 million.
• Base issue size ₹1,500 million; oversubscription option ₹1,500 million.
• Issue was scheduled to close Oct 5, 2026; closed Sep 29, 2026.
• Decision by Debenture Fund Raising Committee on Sept 28, 2026.
• Prospectus dated Sept 10, 2026.

NCD issue closure

• Early closure of the public NCD issue.
• Issue size: base ₹1,500 million; oversubscription ₹1,500 million; total ₹3,000 million.
• Instrument: Secured Redeemable NCDs with ₹1,000 face value.
• Closing date: 29 September 2026.
• Resolution by Debenture Fund Raising Committee dated 28 September 2026.
• Prospectus dated 10 September 2026.

AGM details

• Date: 28 September 2026.
• Mode: VC/OAVM.
• Book closure: 14–24 September 2026.
• Cut-off shareholders: 3,86,163.

Key resolutions

• Adopt standalone and consolidated financial statements; ordinary; passed with 99.96% in favour.
• Declare dividend on equity shares; ordinary; passed with 99.58% in favour.
• Appoint Vidya Shah as director (retiring by rotation); ordinary; passed with 99.02% in favour.

Director changes

• Vidya Shah appointed as director; to be re‑appointed on retirement by rotation.

AGM Details

• Date of AGM: September 28, 2026; mode: VC/OAVM.
• Book closure: September 14–24, 2026.
• Total shareholders on cut-off date: 386,163.
• Shareholders attended via VC/OAVM: Promoter 3; Public 78.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for FY ended March 31, 2026 (Ordinary).
• Declare dividend on equity shares (Ordinary).
• Re-appoint Vidya Shah as director by rotation (Ordinary).

Voting Results

• Resolution 1 passed; overall 99.96% in favour.
• Dividend resolution passed with ~99.999% in favour.
• Director re-appointment passed with ~99.58% in favour.

Director Changes

• Vidya Shah re-appointed as director by rotation.

Business overview

• Core business spans NBFC, asset management, life and general insurance, and housing finance.
• Pivot to capital-light growth; NBFC de-risking and balance-sheet strengthening.
• Strategic investments completed: WestBridge in MF; Carlyle in Nido; EFSL Alternatives IPO on track.

Key operational highlights

• FY26 Consolidated PAT (Post MI) rose to ₹547 Cr.
• Net debt declined to ₹10,430 Cr, down 7% YoY.
• Total customer reach expanded to 14 million, up 31% YoY.
• NBFC wholesale book down to ₹18,000 Cr; de-risking progress.
• WestBridge MF investment completed; Carlyle in Nido completed.
• Edelweiss Alternatives IPO on track for Q3 FY27.
• Alternative Asset Management AUM up 4x; profits up 12x.
• Mutual Fund equity AUM up 51% CAGR.
• Life Insurance AUM up 23% CAGR; Embedded Value up 10% CAGR.
• Asset Reconstruction recoveries ₹66,200 Cr since FY16.
• General Insurance GWP up 42% CAGR; Housing Finance disbursements up 19% CAGR.
• The journey results in capital-light growth; 10x PAT, 1/3 debt.

Financial performance

• Consolidated PAT (Post MI) ₹547 Cr FY26.
• Operating PAT ₹520 Cr; Corporate PAT ₹161 Cr.
• Consolidated PAT up 37% YoY.
• Total Value of Businesses ₹37,100 Cr; Edelweiss Intrinsic Value ₹32,000 Cr.
• Operating PAT is pre MI; Corporate PAT includes DTA adjustments.

Capital structure & liquidity

• Net debt down 7% YoY to ₹10,430 Cr.
• NBFC wholesale book de-risked; wholesale book down 90%.

Strategic priorities & outlook

• Capitalize on capital-light growth; target intrinsic value growth of 15-20% CAGR over 5 years.
• Operating PAT CAGR target of 20-25% over the period.

Risks & mitigation

• Credit cycle risk; mitigated by NBFC de-risking and pivot to capital-light businesses.

Governance & leadership

• WestBridge and Carlyle investments completed; Edelweiss Alternatives IPO on track.

AGM Details

• AGM held on September 28, 2026, at 4:00 PM, via VC/OAVM.

Resolutions (Ordinary)

• Adoption of standalone and consolidated financial statements for the year ended March 31, 2026.
• Declaration of dividend of Rs 1.50 per share.
• Re-appointment of Vidya Shah as Director on retirement by rotation.

Voting Results

• All ordinary resolutions approved with requisite majority; no dissent reported.

Director Changes

• Ashok Kini stepped down as Independent Director on April 30, 2026.
• Rajiv Jalota welcomed as Independent Director on the Board.

Auditors

• No changes to statutory or secretarial auditors reported.

Material Related Party Transactions

• No material related party transactions disclosed.

Transaction closure details

• Carlyle via CA Sardo completes majority stake acquisition in Nido Home Finance.
• Total strategic investment exceeds INR 2,000 crore (~USD 210 million).
• Primary infusion ~INR 1,450 crore; ~INR 725 crore already received, balance due in 18 months.
• Secondary purchase: Edelweiss sells 45% stake to Carlyle for ~INR 600 crore.
• Post-completion, Edelweiss will hold ~26% of Nido.
• Transaction consummated on 25 September 2026 after regulatory approvals.
• Edelweiss to receive upside subject to Carlyle realization thresholds.