KFin Technologies Ltd

Event: Analyst / Institutional Meet

• Date: August 26, 2026; virtual one-to-one with Bajaj Finserv Mutual Fund.
• Presentation will follow the July 24, 2026 materials posted on stock exchanges and company websites.

Reg 29(2) Transaction

• Acquirer/Seller: General Atlantic Singapore Fund Pte. Ltd., promoter of the target.
• Pre-transaction holding: 3,78,26,100 shares (21.8810%).
• Transaction: Acquisition of 1,51,35,135 shares (8.7551%).
• Mode: On market sale.
• Post-transaction holding: 2,26,90,965 shares (13.1259%).
• Date: 20 August 2026.
• Equity share capital before/after: INR 1,72,87,20,790.
• Total diluted share capital after: INR 1,73,73,49,210.

Acquisition details

• Target company: Kfin Technologies Ltd.
• Acquirer: Mirae Asset Mutual Fund; PACs: none.
• Promoter group: No.
• Exchanges: NSE and BSE.
• Pre-acquisition voting rights: 8,066,349 shares (4.67%).
• Acquired voting rights: 2,494,888 shares (1.44%).
• Post-acquisition voting rights: 10,561,237 shares (6.11%).
• Mode: Open Market.
• Date of acquisition: 20/08/2026.
• Equity share capital before: 172,827,638 shares.
• Equity share capital after: 172,827,638 shares.
• Total diluted share capital after: 173,734,921.
• Salient features: NA.

Meeting Details

• Date: August 17, 2026; in-person conference in Singapore.
• Name of conference: Ambit-Daiwa India Access - Singapore.
• Organised by: Ambit Capital.
• Mode: In-person.
• Location: Singapore.
• Presentation aligned with prior July 24, 2026 deck.
• Prior presentation (July 24, 2026) already available on exchange/company websites.

Launch overview

• KFintech launches Klarity, an enterprise-grade Agentic AI solution to eliminate signature fraud in BFSI.

Key benchmarks

• Fraud risk reduction and reduced wrongful rejections across high-value transactions.
• 3x faster end-to-end verification.
• False acceptance rate targeted below 0.01%.

Operational integration

• Fully integrated with KFin Shield fraud detection platform.
• Deployable within RIS workflows for Demat and corporate issuer operations.
• Strengthens Demat and RIS governance controls against off-market transfers and DIS.

Stakeholder impact

• AMCs, DPs, and corporate issuers: fewer losses from forged transfers and compromised folios.
• Operations teams: 90% straight-through processing automation with human review for edge cases.
• Retail investors: zero-friction processing for genuine requests and enhanced asset protection.

Outlook

• KFintech emphasizes enterprise-scale safeguards as digital volumes rise.

Investor meeting

• Schedule: August 14, 2026, virtual one-to-one meeting with Invesco MF.
• Presentation to be on lines of July 24, 2026 presentation on stock exchange and company websites.

Meeting Details

• Aug 14, 2026 — Emkay Confluence 2026; in-person; Mumbai; organised by Emkay Global; time not specified.
• Aug 14, 2026 — Equirus 2026 India Conference; in-person; Mumbai; organised by Equirus Securities; time not specified.
• Aug 19, 2026 — Motilal Oswal 22nd Investor Conference; in-person; Mumbai; organised by Motilal Oswal; time not specified.

Participants

• Key company participants: management team (roles not disclosed).

Purpose

• Investor interaction with update; presentation aligned with July 24, 2026 release.

Additional Notes

• A presentation will be made available on stock exchange and company websites.

Financial Performance

• Revenue from operations grew 30% YoY; excluding Ascent about 10% YoY.
• EBITDA margins rose to 7.1% YoY; Q/Q 5.1%.
• PAT margins: 21% including Ascent; 26.6% excluding Ascent.
• Mutual funds revenue accounted for about 55% of total.
• Non-MF revenue rose to 38% from 24.5% YoY.
• Ascent integration completed nine months; EBITDA around 8.4%.
• Ascent margins to double-digit by year-end; overall 40–45% EBITDA target.
• Guidance: revenue growth 18–20% CAGR; PAT growth 12–15%.

Operating Update & Segments

• Six new fund-manager mandates above $100 million won.
• Issuer solutions added about 670 clients in the prior quarter.
• NSE 500 market share stands around 50%; main-board IPOs ~80% by size.
• XAlt funds total ~731; market share ~37.3%; aims near 40%.
• Pensions: ~2.5 million pensioners; expanding to other geographies like Philippines.
• Mutual funds AUM grew about 16% YoY; industry +15%; equity AUM share up ~80 bps.
• SIP automation launched; 99.7% transactions processed in three days; target one day.
• Ascent revenue in dollars rose 32% YoY; $5.9m in Q1 vs $4.4m prior year.
• Non-India revenue share near 40% of total.

Guidance & Outlook

• Revenue growth guidance: 18–20% CAGR; PAT growth 12–15%.
• EBITDA margin target 40–45% for the group; include Ascent by year-end.
• Ascent to achieve double-digit margins within 12 months; further expansion possible.
• Q2 onward, margins expected to expand driven by cost optimization.
• International growth expected to stay above 25%.
• Digital assets volatility may affect AUM; diversification hedges risk.

Q&A Highlights

• Yield drivers: movement from debt to liquid reduced blended yield by about 2%.
• Ascent: nine-month integration; double-digit margins likely within 12 months.
• SIP automation: first in industry; three-day processing; aiming for one day.
• Philippines contract: no win announced yet; under discussion.
• Deals: INR 25 crore data lake/wealth platform; 18-month implementation.
• Guidance: EBITDA growth 17–20%; PAT 12–15%; delivering better results than prior quarter.

Senior Management Retirement

• Retirement of Giridhar G, Chief Business Officer – Corporate Registry.
• Effective from close of business hours on July 31, 2026.
• Reason: retirement due to superannuation.
• Brief profile: Not applicable.
• Disclosure of relationships with other directors: Not applicable.