Emkay Global Financial Services Limited

INR 1,99,776

3 Business Verticals Category 1 Merchant Banker 500+ Employees Pan India 40,400+ Client Base INR 1,99,776 Mn Total Assets 19 Branches across India 200+ Companies under Research Coverage INR 3,015 Mn Ne

INR 3,015

INR 1,99,776 Mn Total Assets 19 Branches across India 200+ Companies under Research Coverage INR 3,015 Mn Net Worth 19%* 3Y PAT CAGR 7%+* 3Y Revenue CAGR 3.5% ROE (Annualized) All figures as on H1-FY

19%

Assets 19 Branches across India 200+ Companies under Research Coverage INR 3,015 Mn Net Worth 19%* 3Y PAT CAGR 7%+* 3Y Revenue CAGR 3.5% ROE (Annualized) All figures as on H1-FY26 basis * Up to

7%

s across India 200+ Companies under Research Coverage INR 3,015 Mn Net Worth 19%* 3Y PAT CAGR 7%+* 3Y Revenue CAGR 3.5% ROE (Annualized) All figures as on H1-FY26 basis * Up to FY25 2 COMPANY

3.5%

Companies under Research Coverage INR 3,015 Mn Net Worth 19%* 3Y PAT CAGR 7%+* 3Y Revenue CAGR 3.5% ROE (Annualized) All figures as on H1-FY26 basis * Up to FY25 2 COMPANY OVERVIEW 3 COMPANY OVE

rs,

ise in Futures & Options trading. • It serves a diverse clientele comprising institutional investors, mutual funds, hedge funds, banks, insurance companies, private equity firms, corporate houses, small

12.46%

es in Singapore and Dubai. Operational Revenue (INR Mn) & PAT Margins (%) 2,712 2,864 3,362 12.46% 2,030 6.95% 16.89% 1,451 11.35% 3.58% FY22 FY23 FY24 FY25 H1-FY26 Revenue PAT Margin

6.95%

and Dubai. Operational Revenue (INR Mn) & PAT Margins (%) 2,712 2,864 3,362 12.46% 2,030 6.95% 16.89% 1,451 11.35% 3.58% FY22 FY23 FY24 FY25 H1-FY26 Revenue PAT Margins Operational

16.89%

ai. Operational Revenue (INR Mn) & PAT Margins (%) 2,712 2,864 3,362 12.46% 2,030 6.95% 16.89% 1,451 11.35% 3.58% FY22 FY23 FY24 FY25 H1-FY26 Revenue PAT Margins Operational Revenue

11.35%

Revenue (INR Mn) & PAT Margins (%) 2,712 2,864 3,362 12.46% 2,030 6.95% 16.89% 1,451 11.35% 3.58% FY22 FY23 FY24 FY25 H1-FY26 Revenue PAT Margins Operational Revenue Mix (%) (As on H

3.58%

(INR Mn) & PAT Margins (%) 2,712 2,864 3,362 12.46% 2,030 6.95% 16.89% 1,451 11.35% 3.58% FY22 FY23 FY24 FY25 H1-FY26 Revenue PAT Margins Operational Revenue Mix (%) (As on H1-FY26)

12%

23 FY24 FY25 H1-FY26 Revenue PAT Margins Operational Revenue Mix (%) (As on H1-FY26) Others, 12% Wealth Management, 23% Asset Management, 9% Capital Markets, 56% 4 THE JOURNEY Commenced

“We are far from being a discount brokerage because we realize that clients need to be taken care of as family – they need the right guidance and not just a tool to accomplish their financial goals.”

“of Companies 186 Estimated Issue Amount > INR 1,730* Bn(for 92 disclosed issue amounts) IPO Mandates 6 INR 2.5 billion to be realised over FY26 and FY27 from IPO mandates that have been filed Proposals filed with SEBI Emkay Global Financial Services 17 CAPITAL MARKET SEGMENT • • • • • Emkay provides both institutional and non-institutional broking services, ensuring strong operations amidst constantly changing industry dynamics.”

“Revenue Split H1-FY26 7% INR 20,059 Mn QIP raised for IREDA as Merchant Banker.”

“The PMS and AIF industry has been expanding at a CAGR of approximately 33%, with total assets growing from INR 1 trillion to INR 18.87 trillion over the past decade.”

“Absolute returns since inception: 513.7% 1 year return: 11.5% Emkay SMID Cap Growth Engine Portfolio focuses on small-cap and mid-cap investments aiming for long-term capital appreciation.”

“Aiming for long-term capital appreciation over a 3–5 years the fund targets a universe of ~150 mid-cap and horizon, ~3,500 ranked small-cap companies.”

“overall financial household wealth for the country in the next few years (as per the McKinsey Global Wealth report) Expect an increase in the penetration of professional wealth services in UHNI / HNI segment.”

“• The challenges of money management are well understood, and expert guidance is offered to help clients meet their financial goals and maximize returns on investment.”

“Revenue (INR Mn) 840 949 544 335 FY23 FY24 FY25 H1-FY26 Number of Clients* Portfolio Mix (%) (H1-FY26) 37,851 38,175 37,091 33,615 8% 5% 13% 74% FY23 FY24 FY25 H1-FY26 Direct Equity Mutual Fund * Client count represents clients who contributed revenue in the reporting quarter AIF/PMS Others 34 ADVANTAGE EMKAY WEALTH offers secure, Emkay customized financial solutions to help clients achieve sustained growth.”

Approach

1

Focus

1

Research Capabilities

1

Corporate Governance

1

Sustainability

1

Human Capital

1

Technology

1

Three Research Approaches

1

Omnichannel Trading Ecosystem

1

Based on five key themes

1

Approach

1 From being an institutional broking house to one offering asset management, wealth management, succession planning, investment banking, currency and commodity broking among others, we are driven by our motto ‘your success is our success’ and have evolved into a 360-degree financial services provider who can efficiently service every financial need of every customer Relationship

Focus

2 The one thing that hasn’t changed since our humble beginnings in 1995 is the focus on every relationship we have established. We are far from being a discount brokerage because we realize that clients need to be taken care of as family – they need the right guidance and not just a tool to accomplish their financial goals. Strong Promoters & Board: 3 Pioneered by first-generation entrepreneurs Mr. Krishna Kumar Karwa and Mr. Prakash Kacholia, who come with strong and relevant education and experience and backed by a Board of visionaries with remarkable track record, our corporate governance and management capabilities continue to remain robust. 4 Significant

Research Capabilities

The institutional research covers 200+ companies. We cover 37 out of the 50 NIFTY constituents and 28 out of the 30 SENSEX constituents. Our research has won accolades from major International bodies including Asiamoney and Institutional Investor. 8 KEY DIFFERENTIATORS

Corporate Governance

We ensure full transparency and accountability while conducting our business in a highly professional and ethical manner. We continuously monitor our governance practices and strive to pursue holistic growth and realize our responsibility towards our stakeholders and environment.

Sustainability

In the wealth creation journey, we are with our clients for the long haul. Our approach, philosophy and frameworks are all directed towards achievement of the financial goals of our clients by delivering consistent and sustainable returns. A disciplined and fundamentals-driven approach means every portfolio stays strong during the toughest of times and reaps the benefits of compounding.

Human Capital

Our team forms the nucleus of our essence. They are the pillars that give us stability, agility and proactiveness. We are committed to focusing on their health, safety and skill advancement, and providing them with a collaborative and holistic working environment.