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Jio Payments Bank continues to witness high-frequency engagement, with our deposit reaching Rs. <strong>544 crore</strong>s, 6.2x FY24 84% FY25. At Jio Payment Solutions, Total Transaction Processing Volume, or TPV, crossed the Rs. 50,000 crore-mark Rs. 52,200 4.1x FY24, 2.5 times TPV processed FY25. Our investment vertical has also scaled rapidly in a relatively short span of time. JioBlackRock Asset Management's Rs. 15,200 end within just 9 months launch. The total premium facilitated by Jio Insurance Broking reached Rs. 982 crore for Rs. 911 FY24 Rs. 895 FY25. Underpinning this momentum is our unique user base of 23 million users across all properties, grew 2.5 times year-on-year, demonstrating rapid appeal bespoke intuitive offerings, been transitioned being 'digital-first' 'intelligent-always'. Overall, we closed FY26 with strong, sustainable execution momentum, successfully achieving several critical milestones. The biggest highlight of the past quarter-and indeed, the entire financial year-was launch app. Leveraging Agentic AI and Neural Networks, the new app ushers in a new era where no longer complex tedious, but intelligent, instant, hyper-personal truly unobtrusive. We believe our new app truly represents a "Jio moment" for the sector-democratizing intelligence 1.4 billion Indians. Other significant achievements during the fourth quarter of FY26 included Jio Credit's quarterly disbursements crossing Rs. 10,000 around 49% year-on-year, driven entirely organic originations. JioBlackRock Asset Management continued to expand its footprint, having recently received in-principle approval establish Fund Management Entity GIFT City. allow it expand offerings Indian investors allowing them invest global funds. Final approval entity awaited Internal Centres Authority, IFSCA. Our payments businesses continue to expand product offerings with Jio Payments Bank recently launching UPI-based cash withdrawal Solutions receiving Aggregator-Cross Border license, enabling settle global payments. Finally, our insurance partnership with Allianz Group achieved its first operational milestone, Allianz Reinsurance receiving regulatory approvals commencing 2026. The strategic milestones and operational scale achieved during the year reflect in performance, strong topline growth, along healthy profitability. Our Consolidated Total Income, excluding dividends, grew to Rs. 3,274 crore in 78% FY25. On quarterly basis, FY26 Rs. 1,000 97% growth. As I have mentioned earlier, as a relatively new organisation, a key metric that we track contribution operations. I am happy report Net Business Operations 272% Rs. 1,390 FY26. With new products and services being launched and scaled in the market at a rapid pace, firmly established itself primary driver performance, contributing 54% Consolidated Net Income, 20% FY25. This sustained trajectory validates our business model, with core earnings being complemented treasury income, necessary nurturing newer ventures currently incubation stage. Moving to profitability, our reported Pre-Provision Operating Profit, or PPOP -excluding dividends -FY26 Rs. 1,357 Rs. 1,353 FY25. For PPOP Rs. 327 crore. There are a few factors that need to be considered while looking at our PPOP for period, follows: First, effective June 18, 2025, Jio Payments Bank became a 100% subsidiary of Jio Services, after acquired SBI's remaining stake JV. means bank's operating financials fully consolidated line-by-line basis. Previously, these were accounted under Share Profit Joint Ventures Associates. accounting change brought bank's operating losses directly consolidated financials. Second, continued investments in scaling our growth-stage ventures and incubating business. Third, we witnessed a steep increase in treasury yields in late March 2026 driven by geopolitical tensions. volatility impacted treasury income, especially considering high juncture evolution. Adjusting for the above, our PPOP would have demonstrated much stronger underlying growth. Driven by our shareholders' support, we continue to strengthen our position as a player industry. True philosophy returning stakeholders, Board Directors Company recommended dividend Rs. 0.60 per equity share face Rs. 10 each. As I mentioned earlier, Jio Financial Services is pioneering a comprehensive, 360-degree designed address needs customer: The need Borrow, Invest, Transact Protect. At the very core of this virtuous flywheel is our unified digital storefront-the app-which acts single, seamless gateway engage entire suite offerings different stages lifecycle. As we now look at the group structure, we are managing a portfolio of businesses at different levels maturity. lending, broking payments businesses phase sustainable high-frequency engagement; asset company, though first operations, fast gaining momentum. Even as these businesses scale up, other ventures such as Jio Finance Platform Services, manages app, wealth reinsurance joint ventures incubation stage. Building upon this proprietary foundation, our distribution model has evolved into a sophisticated three-layer architecture, designed cater needs Indians. The first layer of our distribution pyramid is our core comprehensive suite of proprietary products, expand cater needs. At the same time, we recognizes... we recognize that the modern customer demands choice... choices no single provider may risk appetite cater sub-segment services. led second layer, app transformed comprehensive marketplace services. By integrating a curated set of third-party products-including Fixed Deposits, Personal Loans Cards plethora trusted finance brands -ensure users find best fit needs. This strengthens our role as a trusted partner while maintaining our risk discipline; approach particularly powerful leverage synergies within group expansive base. Sitting on top of these two layers, is the intelligence layer, where our new and state-of-the-art neural agentic marketplace delivers hyper-personalized, conversational customer-centric experience individual customer, making app trusted advisor needs Indians. Moving on to our distribution reach, we have established a robust omni-channel footprint covers length breadth serving than 19,000 PIN codes. Our strategy is centered on meeting our customers and their needs through whichever channel prefer, ensuring present they... wherever are, combining digital-native physical touchpoints. On the digital front, our reach is anchored in our primary proprietary channels for acquisition -MyJio app. presence further augmented intuitive web portals businesses partnerships external fintech platforms wherever relevant. We recognize that to serve the diverse needs of India, our digital journeys must be complemented physical layer last-mile fulfillment accurate assessment. To end, expanded on-ground presence 24 offices 18 cities. The scale of our payments and protection networks is equally significant in driving inclusion. Bank scaled Business Correspondent network 378,000 touchpoints. network, includes own well corporate BCs, vital reaching underpenetrated regions, serve assisted channels. Jio Insurance Broking has established a digital Point of Sales Person, or POSP agent network 22 states 2 Union Territories, Solutions actively serves merchant network spanning 26 states. By building this pan-India infrastructure, we are ensuring that simple, secure, and always within Indian. Moving to the core of our competitive strategy, this slide illustrates what we believe "right-to-win" group. Our approach is anchored on five strategic pillars: A well-established brand, synonymous with trust and the country's digital transformation. A strong capital base with a consolidated net worth of Rs. 1.3 lakh crore, which necessary firepower scale strategies. A legacy-free technology stack, which is modular, cloud-native, fit-for-purpose and cost efficient. Relentless focus on cost engineering at scale by optimizing our "4Cs" -Cost of Funds, Cost Acquisition, Cost Servicing, Costs. We are conscious that we are one of the latest entrants in a crowded market that several entrenched players. turned strategy... advantage analyzing current dynamics emerging trends, utilising learnings identify exactly what works and, importantly, what does not work current market. allows bypass legacy inefficiencies deploy pre-optimized, fit-for-purpose enables scale much faster than traditional players. The tangible outcomes of this cost-engineered model are evident across all our entities.

While Jio Credit delivers one of the fastest turnarounds in the industry through end-to-end digitization, JioBlackRock Asset Management bringing affordable, institutional-quality market. Jio Payments Bank is redefining the banking paradigm for both urban and rural India innovative like Savings Pro -industry-first bank account, auto-invests customer's surplus liquidity overnight debt mutual funds, enabling them earn higher return idle money. Jio Payment Solutions provides merchants with seamless one... on-time settlements; Insurance Broking simplifies protection journey segmented journeys advisory-driven institutional solutions. We will now take a look at the detailed operating performance of our individual verticals, beginning lending arm, Credit. Last year, the NBFC reached an inflection point, with its Assets Under Management, AUM, Rs. 25,700 2026 -substantial <strong>156%</strong> year. The growth is underpinned by a high-quality, diversified AUM mix where Mortgages -Home Loans Loan Against Property -constitute 45% book, complemented Corporate Loans 44% Loan Against Securities 11%. The disbursements in Q4 FY26 of over Rs. 10,600 crore-representing a 49% YoY increase-were completely organic stand testament connection been able tailored superior journey experiences. This strategic expansion was supported by a balanced mix of capital. The holding company infused Rs. 2,000 equity during maintain strong adequacy ratio, external borrowings 34% sequentially, funded well-diversified mix instruments. Despite a volatile market environment, our Average Cost of Borrowing has remained resilient quarter-on-quarter 7%, reflecting proactive liability market's confidence profile. As Jio Credit continues to scale, it will further diversify its asset portfolio by entering segments strengthening both physical touchpoints capture larger share Indian market. The financial results of our lending vertical reflects the scale we have achieved over past twelve months. For the full fiscal 2026, Jio Credit recorded a total interest income of Rs. 1,469 crore, Rs. 255 year. direct result rapid interest-earning assets ability maintain healthy yields, even diversified product mix. Our Net Interest Income for the year reached Rs. 625 crore. In the fourth quarter specifically, saw NII grow sharply Rs. 202 Rs. 81 same period last year. Jio Credit's pre-provision operating profit nearly doubled year-on-year to Rs. 366 crore. consistent upward trajectory underscores inherent profitability lending book matures, along synergies cost engineering scale kicking in. Profit after tax for Jio Credit for FY26 was Rs. 224 crore, a little more than double net profit reported FY25. For fourth quarter, profit after tax Rs. 70 Rs. 18 FY25. As of March 31, 2026, the total shareholders' equity in the NBFC was over Rs. 7,100 Debt-to-Equity ratio remained comfortable little 3 times, even maintain very robust adequacy ratio 25.91%. This strong capital base, combined with our "AAA" credit rating, ensures that we solid runway journey confidence, maintaining right balance between risk return. Turning to our payments vertical, Jio Payments Bank continues to serve as a vital engagement layer group, driving high-frequency transactions stickiness. In fiscal 2026, the bank became a wholly-owned subsidiary after the acquisition of SBI's remaining stake JV June 2025, allowing deeper integration ecosystem. The payments bank showed robust and steady business momentum through the year. Its reached Rs. 87 representing 11-fold Rs. 8 reported FY25. This growth was supported by a 61% year-on-year increase in our CASA customer base, stands at... 3.7 million customers. Correspondingly, our deposit base grew to Rs. 544 crore, up 84% from Rs. 294 year. Average deposit per 20% YoY Rs. 1,439 FY26 indicating rising acceptance propositions. Jio Payments Bank saw significant traction in transaction banking throughput, 66% sequentially. successfully diversified revenue streams infrastructure-linked services, Bank's toll processing live 18 toll plazas 8 states. Our strategic priority is to continue increasing customer stickiness and diversifying fee both correspondent throughput toll processing. focus high-frequency, utility-led service be cornerstone effort drive sustainable profitable bank. At Jio Payment Solutions, our focus remains on providing a 360-degree, omnichannel payment stack merchants, maintaining healthy unit-level profitability. In the fourth quarter, our Total Transaction Processing Volume was around Rs. 15,000 representing 145% FY25. volume translated uptick Gross Fee & Commission Income, grew close 5x Rs. 84 crore. Net Fee Commission Rs. 17 quarter, near six-fold year-on-year. What is particularly encouraging is the expansion of our margins. Our Net Processing Margin improved 12 basis 6 basis ago 10 basis preceding quarter. improvement reflects focus driving margin-accretive volumes adoption bespoke enterprise solutions. Our well-diversified distribution strategy is yielding results beyond our own group ecosystem, TPV external merchants 15 times FY26. As we move forward, we are sharpening our focus on scaling the enterprise, small medium business, cross-border verticals. By tailoring our payment stack for these diverse merchant segments, we aim to capture larger share commerce landscape deliver profitable consistently. Through our Invest vertical, our joint venture with BlackRock is successfully democratizing world-class digital-first approach. By the end of FY26, JioBlackRock Asset Management reached an AUM of over Rs. 15,000 Quarterly Average grew 21% sequentially cross Rs. 16,700 reflecting continued trust 400+ institutional investors 1.1 million-plus investors. While we are pleased with the momentum since our launch in June 2025, it is important note fourth impacted overall decline markets due prevailing geopolitical tensions. At JioBlackRock, our mission is to grow with expanding access to new-age people India. did around 20% investors being mutual funds, 40% originating beyond top 30 cities. We continue to expand our product suite to meet the diverse investor needs. During quarter, launched funds additional categories-Short Duration, Low Duration, Thematic, Large Cap -enabled instant redemption features Overnight Liquid funds. In a notable development, we have also secured a No Objection Certificate from SEBI launch Specialized Investment Funds. Our focus remains on offering a diversified portfolio of investment avenues including ETFs, SIFs, GIFT City funds, alongside mutual offerings, evolving full-service simplifies landscape Indian investor. This comprehensive suite, alongside our wealth management offering, which was launched February 2026, upcoming broking services, enables offer holistic suite people aligned risk appetite level maturity investors. Through our Protect vertical, we are building a comprehensive insurance platform leverages deep distribution institutional expertise. Our insurance broking entity, Jio Insurance Broking, facilitated a premium of Rs. 273 15% year-on-year. fee commission grew 124% Rs. 45 same period, primarily due favourable mix vs. corporate policies issued during year. gained momentum due further strengthening Direct-to-Customer, or D2C channel and scale-up of our highly productive Digital POSP model. Business volume through the D2C channel grew 11 times year-on-year, supported optimized journeys higher conversion rates. Digital POSP channel facilitated Rs. 100 premium first alone launched industry-first solutions, such dedicated portal commercial vehicles. On our Joint Ventures with Allianz, we received regulatory approval for our Reinsurance joint venture 2026. We have also signed a non-binding agreement in July 2025 for General and Life Insurance, ensuring well-positioned serve complete protection needs customers. We are confident that with Allianz's global insurance expertise and Jio Financial Services' deep understanding local market, be able bring timely, tailored protection remains underpenetrated insurance. As I mentioned earlier, the third and final layer of our growth strategy is premised on transforming product-led platform-led provider. The new JioFinance app, which has now become a Neural Agentic Marketplace is positioned operating system completely change way distributed consumed bringing benefits both customers, well other companies.

Our Consolidated Total Income for the fourth quarter reached Rs <strong>1,020 crore</strong>, representing robust 97% 13% sequential Q3 FY26. performance underpinned substantial momentum streams. Interest Income grew to Rs 643 crore, a 133% increase over Q4 FY25, reflecting the strong NBFC's book inclusion interest Bank. Fees and Commission Income stood at Rs 221 crore, up significantly from Rs 39 same period last year. surge primarily driven higher Value, TPV payment transaction throughput payments bank. Net Gain on Fair Value Changes was Rs 155 crore. As Hitesh mentioned earlier, this impacted volatility treasury yields witnessed during late March, amid ongoing geopolitical situation West Asia. Also, there was an Other Income of Rs. 1 crore during this quarter, as compared to Other Rs. 25 FY25. On the expenditure front, Total Expenses for the quarter were Rs 692 crore. Finance Costs stood at Rs 298 crore versus Rs 8 crore in Q4 FY25 as the NBFC transitioned toward higher share borrowings lending operations. Staff Expenses were Rs 129 crore, and Other Operating Expenses were Rs 265 crore. The rise in expenses is on account of the growing size and scale of operations group entities. Accordingly, our PPoP for Q4 FY26 was Rs 327 crore. Provisions for the quarter 27 line expansion book. The Share of Associates and JVs for the quarter stood at Rs 39 crore, compared to 46 FY25. Share of Associates and JVs for the quarter factors in the financial performance of joint venture BlackRock, certain expenses required be incurred scaling asset wealth entities; operationalising broking entity reinsurance JV Allianz. Consequently, Profit After Tax for Q4 FY26 stood at Rs 272 crore. Moving on to the performance for the full year ended March 31, 2026. Consolidated reached 3,274 78% FY25. Interest Income for the year climbed to Rs 1,902 crore, an over twofold increase, reflecting aggressive yet calibrated NBFC's book. Fees and Commission Income grew to Rs 597 crore, compared to Rs 155 crore in FY25, fueled sharp rise TPV transaction throughput. Net Gain on Fair Value Changes for the year stood at Rs 745 crore, impacted by volatility yields, alluded earlier. Total Expenses for the year stood at Rs 1,916 crore. Finance Costs rose to Rs 745 versus 8 FY25 leveraged balance sheet book growth. Staff Expenses stood Rs 387 crore, and Other Expenses stood at Rs 784 crore, commensurate scale-up operations. Consequently, PPoP for the full year stood at Rs 1,357 crore compared to Rs. 1,353 FY25. During the year, we received Dividend Income of Rs 269 crore vs Rs 241 crore in FY25 shares Industries held Industrial Investments Holdings Limited, RIIHL, holding company wholly owned subsidiary JFSL. Our Share of Associates & Joint Ventures stood at Rs. 323 crore in FY26 vs Rs 393 FY25. addition implications ongoing investments JVs BlackRock Allianz, I explained earlier, included dividend received Holdings Limited, accounted associate JFSL, Industries shares. Consequently Consolidated PAT for the year stood at Rs. 1,561 crore versus Rs. 1,613 FY25. One of our greatest strengths is our well-capitalized and resilient balance sheet, solid foundation sustained growth. As 2026, Consolidated Net Worth reached 1.33 lakh bolstered receipt first tranche 3,956 promoters Q2 FY26. As of March 31, 2026, our Total Assets reached approximately Rs 1.63 lakh crore, supported robust Consolidated Investments amounting 1.33 lakh crore. Standing...

standalone total income for the quarter ended March 31, 2026 was Rs 135 175 same period last year, 159 preceding quarter. impacted treasury yields late 2026, led reduction mark-to-market gains fixed-income portfolio. Total expenses for the quarter remained broadly stable at Rs <strong>49 crore</strong>. Consequently, profit after tax 80 97 corresponding last 73 Q3 FY26. Moving on to the Standalone Financial Performance of the Company for the full year ended 2026. Our Standalone Total Income stood at Rs 563 crore, as compared to Rs 604 crore in year. primarily comprises interest interest-bearing investments net gain fair changes money liquid mutual instruments. Our Total Expenses for the year, including provisions, reached Rs 200 crore. This 179 prior reflection commitment long term. As explained earlier, Core Investment Company, continues nurture incubate portfolio companies currently different stages growth. A significant contributor to our standalone performance this year was the dividend 405 received subsidiary, Industrial Investments Holdings Limited. FY25, had received dividend 235 crore. Consequently, standalone PAT for the full year stood at Rs 681 crore, representing 20%... 24% year-on-year. Finally, turning to our Standalone Balance Sheet. Total assets increased to Rs 29,436 25,096 year. Investments stood at Rs 28,095 crore as of March 31, 2026, compared to Rs 22,706 2025. During year, continued make equity infusions subsidiaries JVs, enabling them expand presence scale respective operations. On the liabilities side, Standalone Net Worth stood at Rs 29,305 crore as of March 2026, 24,985 2025. Looking ahead, our strategy remains anchored in prudent growth with a relentless focus unit-level economics verticals. harness power Automation, AI, Machine Learning drive operational efficiencies cost-effectiveness, well sharpen proposition-exemplified recently launched Neural Agentic Marketplace-ensuring not only personal relevant, but effortlessly accessible citizen India. Thank you. Before we move forward, as you would have seen from our stock exchange notification issued earlier day, Mr. Abhishek Pathak, Group Chief Officer, transitioning senior role outside organisation. We, at JFS, deeply appreciate Abhishek's contributions to the organisation in its foundational years, wish him best his future endeavours. I would now like to invite Abhishek to say a few words. Over to you, Abhishek Mr. Abhishek Pathak (50.29) Thank you, Venkata and good evening everyone. As Venkata mentioned, I am transitioning from the position of Group Chief Financial Officer Chairman's Office Industries Limited. I am deeply grateful to the Directors of the Board, my management colleagues and employees group, auditors, investors analysts unwavering support guidance during my tenure Group CFO company. As the company grows in scale and powers on in its mission of democratising finance people I feel privileged played part journey. I wish all my colleagues the very best and look forward to the continued success organisation. I will now hand the call back to Dipak.