TATACAPNSE23 April 2026

Tata Capital Limited has informed the Exchange about Investor Presentation

Tata Capital Limited

April 23, 2026

To, The Listing Department BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 544574 Dear Sir / Madam,

To, The Listing Department National Stock Exchange of India Ltd., Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 Symbol: TATACAP

Sub.: Investor Presentation on Audited Financial Results for the quarter and year ended

March 31, 2026

Ref.: Tata Capital Limited (“Company”)

Pursuant to the Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, and further to our letter dated April 18, 2026, informing about the Earnings Conference call scheduled on April 23, 2026 at 6:30 p.m. IST in respect of the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2026, please find enclosed the presentation for the said Earnings Conference call.

The said presentation is also being made available on the website of the Company at https://www.tatacapital.com/about-us/investor-information-and-financials.html.

We request you to take the above on record.

Thanking you,

Yours faithfully,

For Tata Capital Limited

Sarita Kamath Chief Legal and Compliance Officer & Company Secretary

Encl.: as above

/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers

Q4FY26 Investor Presentation

23 Apr 2026

Disclaimer

This presentation is being furnished solely for your information and may not be reproduced or redistributed to any other person or used without the express consent of Tata Capital Ltd. (“Company”). The term “Company” shall include its subsidiaries unless repugnant to the context.

This presentation has been prepared by the Company to provide general information on the Company and does not purport to contain all the information. Forward-looking statements contained herein regarding past trends or activities or future business plans, strategy, financial condition, growth prospects or developments in industry, competitive or regulatory environment should not be taken as a representation that such trends or activities will continue in the future. There is no obligation to update or revise any forward-looking statements. Actual results may differ materially from these forward-looking statements due to a number of factors.

This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer to acquire any securities or instruments and nothing in this presentation should be construed as advice or solicitation to invest in the Company or any of its instruments or securities or otherwise.

Neither the Company nor any of its affiliates, shareholders, directors, employees, agents or representatives makes any warranty or representation as to the completeness of the information contained herein (including statements of opinion and expectation) or as to the reasonableness of any assumptions contained herein and shall not be liable for any loss or damage (direct or indirect) suffered as a result of reliance upon any statements contained in, or any omission here-from.

By viewing this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing terms.

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Executive Summary – Q4FY26 Performance Update (1/3)

Excluding Motor Finance

Including Motor Finance

Q4FY26 Performance (Excluding Motor Finance)

₹ 2,51,885 Cr AUM

₹ 2,77,275 Cr AUM

27.9% YoY | 7.6% QoQ

6.4% QoQ

• 28% YoY growth in Net AUM (₹ 2,51,885 Cr).

• 51% YoY growth in PAT (₹ 1,459 Cr).

36.1% Cost to income

Q4FY25 37.8% | Q3FY26 35.7%

₹ 1,459 Cr PAT

38.3% Cost to income

Q3FY26 – 38.4%

₹ 1,502 Cr PAT

51.4% YoY | 13.6% QoQ

16.4% QoQ

2.5% ROA Q4FY25 2.1% | Q3FY26 2.3%

0.8% Credit Cost

Q4FY25 1.1% | Q3FY26 1.0%

2.3% ROA

Q3FY26 – 2.1%

0.9% Credit Cost

Q3FY26 – 1.2%

• Annualized Credit Cost at 0.8% (vs. 1.0% in Q3FY26).

• GNPA at 1.5% | NNPA at 0.5% (vs. GNPA at 1.6% | NNPA at 0.6% in Q3FY26).

• Annualized ROA 2.5% (vs. 2.1% in Q4FY25) | ROE 14.6% (vs. 14.2% in Q4FY25).

Q4FY26 Performance (Including Motor Finance)

• 6% QoQ growth in Net AUM (₹ 2,77,275 Cr).

• 16% QoQ growth in PAT (₹ 1,502 Cr).

• Annualized Credit Cost at 0.9% (vs. 1.2% in Q3FY26).

• GNPA at 2.0% (vs.2.2% in Q3FY26) | NNPA at 0.9% (vs. 1.0% in Q3FY26).

• Annualized ROA 2.3% (vs. 2.1% in Q3FY26) | ROE 13.9% (vs. 13.1% in Q3FY26).

Note: For better understanding, we have presented figures both excluding and including Motor Finance business. While figures excluding Motor Finance can be compared on YoY and QoQ basis, figures including Motor Finance are best viewed on a QoQ basis; All ratios are calculated excluding the impact of non-recurring items.

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Executive Summary – Q4FY26 Performance Update (2/3)

Scale

⚫ Excluding Motor Finance, AUM at ₹ 2,51,885cr (up 28% YoY | up 8% QoQ). Including Motor finance, AUM at ₹ 2,77,275cr (up 6% QoQ).

⚫ Net AUM addition in Q4FY26 – ₹ 17,771cr (excluding Motor Finance), and ₹ 16,577cr (including Motor Finance).

⚫ Continued uptick in Unsecured Retail disbursements. Slippages showing declining trend.

⚫ Retail + SME constitute ~86% of Net AUM. Unsecured Retail loans form 10.3% of Net AUM.

Profitability

⚫ Excluding Motor Finance, PAT for Q4FY26 at ₹ 1,459cr (up 51% YoY | up 14% QoQ); Including Motor Finance, PAT for Q4FY26 at ₹ 1,502cr (up 16% QoQ).

⚫ Excluding Motor Finance: ROA for Q4FY26 at 2.5% (vs. 2.1% in Q4FY25). ROE for Q4FY26 at 14.6% (vs. 14.2% in Q4FY25).

⚫ Including Motor Finance: ROA for Q4FY26 at 2.3% (vs. 2.1% in Q3FY26). ROE for Q4FY26 at 13.9% (vs. 13.1% in Q3FY26).

Asset quality

⚫ Excluding Motor Finance:

o Annualized credit cost declined to 0.8% in Q4FY26 (vs. 1.0% in Q3FY26).

o GNPA & NNPA stood at 1.5% & 0.5%, respectively, as of Mar-26 (vs. GNPA of 1.6% and NNPA of 0.6% as of Dec-25).

⚫ Including Motor Finance:

o Annualized credit cost declined to 0.9% in Q4FY26 (vs. 1.2% in Q3FY26).

o GNPA & NNPA stood at 2.0% & 0.9%, respectively, as of Mar-26 (vs. GNPA of 2.2% and NNPA of 1.0% as of Dec-25).

Note: All figures and ratios are calculated excluding the impact of non-recurring items.

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Executive Summary – Q4FY26 Performance Update (3/3)

Operating efficiency

⚫ Excluding Motor Finance, Net interest income: ₹ 3,127cr (up 28% YoY). Including Motor Finance, Net interest income at ₹ 3,477cr (up 5% QoQ).

⚫ Excluding Motor Finance, Cost to income ratio: 36.1% (vs. 37.8% in Q4FY25). Including Motor Finance, cost to income ratio at 38.3% (vs. 38.4% in Q3FY26).

⚫ On-roll employees count stood at 29,816.

Distribution

⚫ 1,477 branch locations across 27 states and union territories.

⚫ Combining physical presence with end-to-end digital capabilities, providing Phygital network.

⚫ As of Mar-26, our customer franchise stood at 8.4mn.

Liability and Networth

⚫ Total equity as of Mar-26 at ₹ 44,658cr.

⚫ Total Borrowings as of Mar-26 at ₹ 2,35,977cr. Total Borrowings to Total Equity ratio at 5.3x.

⚫ In Q4FY26, Average Cost of Borrowings was at 7.1% vs. 7.2% in Q3FY26.

⚫ Liquidity buffer of ₹ 29,489cr as of Mar-26 on consolidated basis.

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Company Overview

About Tata Capital

Group

85.4%

Tata Sons: 78.8%

Tata Capital is an upper layer NBFC with a 100% owned housing finance subsidiary

~₹ 2.8tn Net AUM as of Mar 31, 2026

Retail & SME form ~86% of Net AUM

100%

Tata Capital Housing Finance Ltd. (“TCHFL”)

Tata Securities Ltd.

Tata Capital Pte. Ltd. (Singapore)

Private equity

Wealth management

Distribution of insurance and credit cards

Non-lending businesses

Engaged in housing finance business

Distributes mutual funds and other financial products

Operates fund management business

Other subsidiaries: Tata Capital has other step-down subsidiaries through which it operates its domestic private equity business

Tata Capital Limited (“TCL”) completed merger with Tata Motors Finance Limited (“TMFL”) in May-25 with an appointed date of Apr 1, 2024

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Our Purpose – Responsible Financial Partner Fulfilling India’s Aspirations

Delivering Delight

We go above and beyond to care and make people

happy; We deliver delight to all stakeholders.

Lead with Trust

We respect and reinforce the trust that is placed in

us. We are the partner the country can rely on.

Capital & more

We serve the customer through the life-cycle

of needs; We are facilitators and counsellors in

helping customers achieve their dreams.

Better Together

We actively collaborate with customers,

partners, employees, group companies,

communities; their success is our success.

Fast Forward

We bring speed and simplicity; accelerating the

pace at which the future becomes the present.

Futuready

We innovate and leverage technology to anticipate, serve

and shape future needs; setting the path for others to follow.

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Our Journey – Building a Diversified Retail and SME Focused Book

Net AUM (₹ bn)

Mr. Rajiv Sabharwal took over as MD & CEO

Crossed ₹ 1tn mark in terms of loan book

Credit rating upgrade (domestic) from AA+ to AAA(1)

Successfully listed on NSE and BSE in Oct-25

Crossed ₹ 2tn mark in terms of loan book

TMFL merged into TCL

TCFSL and TCCL merged into TCL International BBB- credit rating by S&P, Fitch

1,579 Mar-24

1,169 Mar-23

2,773

Mar-26

2,305 Mar-25

Crossed ₹ 500bn mark in terms of loan book

Commenced lending operations

2007

2017

2018

2022

2023

2024

2025

2026

Strong track record with 18 years of profitability; Delivering growth across economic cycles

Note: Net AUM data represented as of March 31 for the FY; TCFSL: Tata Capital Financial Services Limited; TCCL: Tata Cleantech Capital Limited; TMFL: Tata Motor Finance Limited; (1) By CRISIL.

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Our Key Strengths

Omni-channel “Phygital” model powered by nationwide network, partnerships, and digital platforms

“Tata” brand name

3rd largest diversified NBFC in India with a comprehensive product suite

Prudent risk culture and strong underwriting driving stable asset quality

Digital, GenAI, and analytics at the core, driving superior experiences and outcomes

Highest credit rating and diversified liabilities ensuring lower cost of funds

Led by a highly experienced management team (combined experience of over 400 years) and guided by best-in-class governance standards

Source: CRISIL Report; Note: (1) Based on total gross loans as of Jun 30, 2025

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Tata Capital Limited – Financial Performance Summary

Particulars (₹ crores)

Assets under management (net) Total Gross loans Total Net loans Total Income Finance Cost Net Total Income Operating expenses Pre-provisioning operating profit Credit cost Profits before tax PAT (excl. non-recurring income)(1) Non recurring income (PAT impact) Profits after tax (PAT)

Ratios

Cost to income Cost to Average Assets Credit cost GNPA NNPA PCR Return on Assets (2-point average) Return on Assets (Daily average) Return on Equity (2-point average) Return on Equity (Daily average) Basic EPS (Rs.)

FY18

59,480 60,442 58,521 6,784 3,882 2,902 1,519 1,383 338 1,045 605 - 605

FY18

52.3% 2.8% 0.6% 2.4% 0.4% 83.6% 1.1% 1.1% 15.3% 15.6% 2.1

FY19

74,710 75,964 74,104 9,205 5,188 4,017 1,993 2,024 665 1,358 780 - 780

FY19

49.6% 2.9% 1.0% 1.7% 0.4% 79.7% 1.1% 1.2% 13.2% 13.9% 2.6

FY20

FY21

FY22

FY23

FY24

75,096 77,070 74,681 9,791 5,771 4,020 1,803 2,217 1,581 636 296 - 296

FY20

44.8% 2.4% 2.1% 1.9% 0.6% 71.8% 0.4% 0.4% 3.6% 3.7% 0.9

73,935 76,380 73,626 9,985 5,213 4,772 1,704 3,068 1,450 1,618 1,126 - 1,126

FY21

35.7% 2.3% 2.0% 2.5% 0.9% 65.4% 1.5% 1.6% 12.0% 12.2% 3.2

90,337 93,315 90,120 10,307 4,889 5,417 2,101 3,316 1,078 2,238 1,688 - 1,688

FY22

38.8% 2.6% 1.3% 1.9% 0.6% 71.0% 2.1% 2.2% 15.3% 16.0% 4.7

1,16,944 1,20,197 1,16,789 12,918 6,601 6,317 2,665 3,652 582 3,070 2,317 712 3,029

FY23

42.2% 2.6% 0.6% 1.7% 0.4% 77.1% 2.2% 2.3% 15.8% 17.9% 8.4

1,57,875 1,61,231 1,57,761 18,198 9,568 8,630 3,624 5,006 602 4,404 3,150 - 3,150

FY24

42.0% 2.6% 0.4% 1.5% 0.4% 70.7% 2.3% 2.4% 15.5% 17.6% 8.6

FY25 (ex-TMFL) 1,96,942 1,98,164 1,94,518 23,205 12,598 10,607 4,249 6,358 1,530 4,828 3,589 123 3,712

FY25 (ex- TMFL) 40.1% 2.4% 0.9% 1.5% 0.5% 65.8% 2.0% 2.1% 13.8% 14.7% 9.4

FY25

2,30,455 2,26,553 2,21,950 28,008 15,030 12,978 5,404 7,574 2,806 4,768 3,542 123 3,665

FY25

41.6% 2.6% 1.4% 1.9% 0.8% 58.5% 1.7% 1.8% 12.3% 12.7% 9.3

FY26 (ex-TMFL) 2,51,885 2,50,066 2,45,932 28,124 14,258 13,866 4,932 8,934 2,311 6,624 4,896 (27) 4,869

FY26 (ex- TMFL) 35.6% 2.2% 1.0% 1.5% 0.5% 65.1% 2.2% 2.3% 14.3% 14.4% ~

Note: (1) Adjusted for non-recurring income and expenses largely attributed to PE exit in Q2FY25 and impact of new labour codes in Q3FY26.

FY26

2,77,275 2,73,392 2,68,203 31,583 15,985 15,597 5,973 9,624 3,023 6,602 4,879 (33) 4,846

FY26

38.3% 2.4% 1.2% 2.0% 0.9% 56.2% 2.0% 2.1% 12.9% 13.0% 11.8

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Business Overview

Pan-India “Phygital” Distribution Model

Chandigarh

Punjab

Haryana

Delhi

Rajasthan

158

Gujarat

Maharashtra

Madhya Pradesh

118

141

167

Goa

Karnataka

Kerala

West Bengal

Jharkhand

Odisha

Chhattisgarh

Telangana

Andhra Pradesh

198

Puducherry

Tamil Nadu

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Jammu & Kashmir

Himachal Pradesh

Uttarakhand

Uttar Pradesh

Bihar

1,477 Branches

27 States and UTs

1,074 Locations

112

Assam Meghalaya

Tripura

Branch network

# of branches

2.7x

1,477

Significant addition

539

Leveraging geo-analytics to identify high potential areas with focus on deeper markets

Mar-23

Mar-26

In-house sales supported by External Partner ecosystem

Phygital ecosystem (Digital presence through app & website)

20,241

In-house sales team

30K+

DSAs

156 Lakh+

76 Lakh+

Mobile app downloads(1)

Monthly website traffic(2)

Note: All values are for Q4 FY26 / as of Mar-26, unless specified otherwise; (1) Includes Corporate, Retail and Motor Finance app downloads; (2) During the period Jan-26 to Mar-26.

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Product Offerings – Retail and SME Driven Growth

Comprehensive product suite which helps manage risk across economic cycles

Net AUM: ₹ 2,77,275 cr

Corporate 14.3%

Home loans 15.9%

Retail : SME : Corporate 58.3% : 27.4% : 14.3%

TCHFL - one of the largest HFCs with best- in-class return profile

SME 27.4%

Retail 58.3%

Loan against property 14.0%

Personal / Business loans 9.0%

25+ lending products – comprehensive suite

Retail unsecured(1) at 10.3% of Net AUM

Other Retail loans 5.1%

CEQ/TW 5.1%

Motor Finance 9.2%

Organic book ~99%

Granular(2) ~99%

Note: All values are as of Mar 31, 2026; HFCs: Housing finance companies; Other Retail loans include education loan, microfinance, loan against securities, and car loans. SME loans include Supply chain finance, equipment finance, and leasing solutions (+) term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of <= ₹ 2.5bn. Corporate loans include Term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of > ₹ 2.5bn. Motor Finance includes commercial vehicle, portion of car loans & supply chain finance; (1) Retail unsecured loans include personal loans, business loans, microfinance loans and education loans. (2) Loans with ticket size < ₹ 10mn.

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Business Segment Wise Net AUM

Particulars

Home loans

Amount (₹ cr)

% Mix

Mar-25

Jun-25

Sep-25

Dec-25

Mar-26

Mar-25

Jun-25

Sep-25

Dec-25

Mar-26

38,230

39,989

41,096

42,606

44,203

16.6%

16.8%

16.3%

15.9%

Loan against property

28,519

30,964

33,578

36,193

38,812

12.4%

13.0%

13.8%

13.9%

14.0%

Personal / Business loans

23,334

23,132

23,373

24,019

25,053

10.1%

9.7%

9.6%

9.2%

9.0%

CEQ / Two-Wheeler

14,347

12,508

12,842

13,627

14,129

6.2%

5.3%

5.2%

5.1%

Other Retail loans

10,974

11,592

12,145

12,908

14,083

4.8%

4.9%

5.0%

5.1%

SME

Corporate

56,148

60,132

64,099

70,549

75,965

24.4%

25.3%

26.3%

27.1%

27.4%

25,389

28,818

28,441

34,213

39,640

11.0%

12.1%

11.7%

13.1%

14.3%

Total (excl. Motor Finance)

1,96,942

2,07,134

2,15,574

2,34,114

2,51,885

85.5%

87.2%

88.4%

89.8%

90.8%

Motor Finance

33,513

30,374

28,322

26,584

25,390

14.5%

12.8%

11.6%

10.2%

9.2%

Total (incl. Motor Finance)

2,30,455

2,37,508

2,43,896

2,60,698

2,77,275

100.0%

Note: Other Retail loans include education loan, microfinance, loan against securities, and car loans. SME loans include Supply chain finance, equipment finance, and leasing solutions (+) term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of <= ₹ 2.5bn. Corporate loans include Term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of > ₹ 2.5bn; Motor Finance includes commercial vehicle, portion of car loans & supply chain finance.

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Unsecured Retail Disbursement Trend (Indexed At 100 in Q1FY24)

Personal Loan (PL) Disbursement Trend

Business Loan (BL) Disbursement Trend

Microfinance Loan (MFI) Disbursement Trend

145

173

430

420

136

100

137

128

132

100

118

100

204

4 2 Y F 1 Q

4 2 Y F 2 Q

4 2 Y F 3 Q

4 2 Y F 4 Q

5 2 Y F 1 Q

5 2 Y F 2 Q

5 2 Y F 3 Q

5 2 Y F 4 Q

6 2 Y F 1 Q

6 2 Y F 2 Q

6 2 Y F 3 Q

6 2 Y F 4 Q

4 2 Y F 1 Q

4 2 Y F 2 Q

4 2 Y F 3 Q

4 2 Y F 4 Q

5 2 Y F 1 Q

5 2 Y F 2 Q

5 2 Y F 3 Q

5 2 Y F 4 Q

6 2 Y F 1 Q

6 2 Y F 2 Q

6 2 Y F 3 Q

6 2 Y F 4 Q

4 2 Y F 1 Q

4 2 Y F 2 Q

4 2 Y F 3 Q

4 2 Y F 4 Q

5 2 Y F 1 Q

5 2 Y F 2 Q

5 2 Y F 3 Q

5 2 Y F 4 Q

6 2 Y F 1 Q

6 2 Y F 2 Q

6 2 Y F 3 Q

6 2 Y F 4 Q

•

Identified credit quality concerns in Q3FY24.

• Proactively addressed specific segment credit

•

Identified credit quality concerns in Q1FY25.

• Slowed down disbursements - declined by ~33%

from peak to trough.

• Addressed key issues - introduced leverage scorecard, bureau check at disbursement, tightened Fraud checks.

• Strengthened collections

• Witnessed satisfactory results - delinquency trends

corrected.

• Scaled up disbursements from Q1FY26 onwards.

quality concerns through policy interventions (low ticket micro business loan, leverage score).

• No major credit quality concerns for our portfolio.

• Slowed down disbursements - declined by ~52%

from peak to trough.

• Did not slow down disbursements significantly.

• MFIN Guardrails 2.0 implemented in Dec-24

• However, remained extremely watchful during

industry wide stress.

• Witnessed satisfactory results - delinquency trends

corrected.

• Securing portfolio through government schemes –

CGTMSE, CGFMU

• Scaled up disbursements from Q1FY26 onwards.

PL Slippages down 60% since Q1FY26

BL Slippages down 34% since Q1FY26

MFI Slippages down 70% since Q1FY26

Note: CGTMSE - Credit Guarantee Fund Trust for Micro and Small Enterprises; CGFMU - Credit Guarantee Fund for Micro Units.

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Product Offerings – Retail

Products

Description

s t c u d o r p

l i a t e R

Home loans

Loans to salaried and self-employed individuals through TCHFL (51% of Net AUM to salaried individuals)

Loan against property

Secured loans largely to salaried and self-employed individuals to finance personal or business expenditures

Commercial vehicle loans

Loans to primarily individuals, small fleet operators, market load operators and strategic customers who operate large fleets to finance the purchase of new / pre-owned CVs

Personal loans

Unsecured personal loans to individuals, primarily salaried individuals

Business loans

Loans for working capital, asset acquisitions, business growth, establishment of new businesses or ancillary units

Two-wheeler loans

Loans to salaried and self-employed individuals

Construction equipment loans

Loans to individual operators, fleet operators to finance the purchase of construction equipment and machinery

Car loans

Loan against securities

Loans to salaried and self-employed individuals for the purchase of new / pre- owned passenger cars

Loans secured by pledge of the borrowers’ invested securities

Microfinance loans

Loans under the joint liability group model to women from low-income groups

Education Loans

Student loans for higher education at institutions in India and overseas

Note: All values are as of Mar 31, 2026, unless specified otherwise.

Net AUM (₹ cr)

44,203

38,812

24,743

15,127

9,926

7,886

6,243

6,143

4,942

2,490

946

% share in Net AUM

YoY growth (%)

Average ticket size (₹ lakh)

15.9%

14.0%

8.9%

5.5%

3.6%

2.8%

2.2%

1.8%

0.9%

0.3%

15.6%

36.1%

(23.0)%

3.2%

14.4%

19.9%

7.5%

13.0%

29.7%

9.9%

32.7

38.0

15.9

4.2

14.1

1.1

81.5

6.4

53.8

0.5

36.3

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Product Offerings – SME & Corporate(1)

Supply chain finance

Equipment finance

Leasing solutions(2)

• Working capital solutions to distributors

• Financing of equipment ranging from heavy

and dealers in the form of channel finance and factoring and to the suppliers in the form of vendor finance

machinery to office equipment

• SME Average ticket size (₹ cr) : 1.7

• SME Average ticket size (₹ cr) : 3.3

• Solutions tailored to SMEs & corporates for multiple categories of assets, such as cars, IT assets, CV/CEs, plant and machinery, electric vehicles etc.

• SME Average ticket size (₹ cr) : 20.4

Term loans

Developer finance

Cleantech and Infrastructure finance

• Loans typically to fund brownfield and

• Loans (through TCHFL) to real estate

greenfield projects, capital investments such as machinery, working capital requirements or other general purposes

• Average ticket size (₹ cr) : 41.8

developers, secured by way of mortgage and / or hypothecation over the underlying project (relationships with 150 active developers in 11 cities)

• Term loans to finance projects in renewable energy, energy efficiency, electric mobility, waste management, water management sectors and other infrastructure projects (financed 500+ cleantech projects)

• Average ticket size (₹ cr) : 75.4

• Average ticket size (₹ cr) : 167.5

Note: All values are as of Mar 31, 2026, unless specified otherwise; (1) SME loans include Supply chain finance, equipment finance, and leasing solutions (+) term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of <= ₹ 2.5bn. Corporate loans include Term loans, cleantech and infrastructure finance, and developer finance to businesses with latest available turnover of > ₹ 2.5bn. (2) Denotes finance lease; TCL also offers operating leases / rental solution.

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Non-Lending Businesses

Private Equity

Wealth Management

Distribution of Insurance

⚫ Currently focused on two themes:

Growth

Healthcare

Focused on urbanisation, manufacturing and strategic services

Focused on pharmaceuticals, hospitals, contract research and manufacturing services, diagnostic chains and other healthcare services

⚫ Currently in the process of raising Fund III for both these themes

⚫ Offers wealth management services for high-net-worth individuals and retail clients through “Tata Capital Wealth”

⚫ Holds corporate agent (composite)

license from IRDAI for the distribution of life, general and health insurance products

⚫ Dedicated team of wealth managers and investment product specialists

9.9mn+ Insurance policies in force across life, general and health categories

₹ 8,585cr Raised across domestic funds and offshore funds

53 deals in over 15 years

⚫ Planning to launch Decarbonization

Fund

Scale

₹ 7,381cr

Growth

21% CAGR (Mar-23 to Mar-26)

Note: All values are as of Mar 31, 2026.

Q4FY26

YoY growth

FY25

FY26

YoY growth

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Consolidated Financial Performance (Excluding Motor Finance)

Particulars (₹ crores)

Assets under management (net)

Total Gross loans

Total Net loans

Net interest income Fee income(2)

Investment income

Net total income Operating expense(2)

Pre-provisioning operating profit

Loan losses and provisions

Profit before tax

Profit after tax (excl. non-recurring items) Non-recurring items (PAT impact)(1)

Profit after taxes (attributable to owners of the company)

Ratios(2)

Annualized operating expense on average net loan book

Cost to income ratio

Annualized credit cost on average net loan book

Annualized Return on average net loan book

Annualized Return on average equity

Q4FY25

1,96,942

1,98,164

1,94,518

Q3FY26

2,34,114

2,33,319

2,29,134

2,438

477

(54)

2,861

1,081

1,781

534

1,247

964

2.3%

37.8%

1.1%

2.1%

14.2%

2,939

589

3,594

1,283

2,311

581

1,730

1,285

(27)

1,258

2.3%

35.7%

1.0%

2.3%

14.4%

2,51,885

2,50,066

2,45,932

3,127

646

(32)

3,740

1,350

2,390

470

1,920

1,459

2.3%

36.1%

0.8%

2.5%

14.6%

28%

26%

28%

35%

31%

25%

34%

(12)%

54%

51%

1,96,942

1,98,164

1,94,518

8,901

1,577

129

2,51,885

2,50,066

2,45,932

11,217

2,327

323

10,607

13,866

4,249

6,358

1,530

4,828

3,589

123

3,712

2.4%

40.1%

0.9%

2.0%

13.8%

4,932

8,934

2,311

6,624

4,896

(27)

4,869

2.2%

35.6%

1.0%

2.2%

14.3%

Note: (1) Reflects impact of new labour codes for Q3FY26 and FY26, and non-recurring income and expenses largely attributed to PE exit for FY25; (2) Excl. non-recurring items.

28%

26%

47%

31%

16%

41%

51%

37%

36%

31%

Q1FY26

Q2FY26

Q3FY26

Q4FY26 QoQ growth

FY25

FY26

YoY growth

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Consolidated Financial Performance (Including Motor Finance)

Particulars (₹ crores)

Assets under management (net)

Total Gross loans

Total Net loans Net interest income Fee income(2)

Investment income

Net total income Operating expense(2)

Pre-provisioning operating profit

Loan losses and provisions

Profit before tax

Profit after tax (excl. non-recurring items) Non-recurring items (PAT impact)(1)

Profit after taxes (attributable to owners of the company)

Ratios(2)

Annualized operating expense on average net loan book

Cost to income ratio

Annualized credit cost on average net loan book

Annualized Return on average net loan book

Annualized Return on average equity

(23)%

14%

16%

19%

2,37,508

2,33,399

2,28,579

2,43,896

2,39,960

2,34,991

2,60,698

2,57,140

2,51,890

2,77,275

2,73,392

2,68,203

2,866

576

184

3,626

1,335

2,291

909

1,383

990

2.4%

36.8%

1.6%

1.8%

12.5%

3,006

663

105

3,774

1,497

2,277

773

1,503

1,097

2.6%

39.7%

1.3%

1.9%

13.0%

3,318

668

4,052

1,555

2,497

759

1,738

1,290

(33)

1,257

2.5%

38.4%

1.2%

2.1%

13.1%

3,477

701

(32)

4,146

1,586

2,560

582

1,978

1,502

2.5%

38.3%

0.9%

2.3%

13.9%

2,30,455

2,26,553

2,21,950

10,694

1,980

304

2,77,275

2,73,392

2,68,203

12,667

2,608

323

12,978

15,597

5,404

7,574

2,806

4,768

3,542

123

3,665

2.6%

41.6%

1.4%

1.7%

12.3%

5,973

9,624

3,023

6,602

4,879

(33)

4,846

2.4%

38.3%

1.2%

2.0%

12.9%

Merger with Tata Motors Finance became effective on May 8, 2025 - Q1FY26 is the first quarter of combined operations

Note: (1) Reflects impact of new labour codes for Q3FY26 and FY26, and non-recurring income and expenses largely attributed to PE exit for FY25; (2) Excl. non-recurring items.

20%

21%

18%

32%

20%

11%

27%

38%

32%

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Asset Quality Update (1/3)

Particulars

31-Mar-25

30-Jun-25

30-Sep-25

31-Dec-25

31-Mar-26

30-Jun-25

30-Sep-25

31-Dec-25

31-Mar-26

Total Gross loans

1,98,164

2,07,609

2,15,286

2,33,319

2,50,066

2,33,399

2,39,960

2,57,140

2,73,392

Excluding Motor Finance

Consolidated

Gross loan mix

Gross Stage 1

Gross Stage 2

Gross Stage 3

Provision coverage

Stage 1

Stage 2

Stage 3

Overall

Net loan mix

Net Stage 1

Net Stage 2

Net Stage 3

97.4%

1.1%

1.5%

0.6%

15.8%

65.8%

1.8%

98.5%

0.9%

0.5%

97.3%

1.1%

1.6%

0.6%

15.1%

64.2%

1.7%

98.4%

1.0%

0.6%

97.4%

1.0%

1.6%

0.5%

14.5%

64.0%

1.7%

98.5%

0.9%

0.6%

97.5%

0.9%

1.6%

0.6%

13.1%

64.5%

1.7%

98.6%

0.8%

0.6%

97.7%

0.8%

1.5%

0.6%

13.2%

65.1%

1.6%

98.8%

0.7%

0.5%

95.9%

2.0%

2.1%

0.6%

12.9%

53.9%

2.0%

97.2%

1.8%

1.0%

95.9%

1.9%

2.2%

0.6%

12.2%

52.8%

2.0%

97.2%

1.7%

1.1%

96.2%

1.6%

2.2%

0.6%

11.6%

53.6%

2.0%

97.5%

1.5%

1.0%

96.7%

1.3%

2.0%

0.6%

11.6%

56.2%

1.9%

97.9%

1.2%

0.9%

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Asset Quality Update (2/3)

Particulars

Mar-25

Jun-25

Sep-25 Dec-25 Mar-26 Mar-25

Jun-25

Sep-25 Dec-25 Mar-26 Mar-25

Jun-25

Sep-25 Dec-25 Mar-26

Gross Stage 3

Net Stage 3

Provision Coverage

Home loans

0.6%

0.7%

0.8%

0.7%

0.3%

0.4%

51.2%

50.7%

50.0%

48.0%

49.1%

Loan against property

1.5%

1.4%

1.3%

0.6%

57.7%

56.4%

54.7%

55.4%

54.5%

Personal / Business loans

5.2%

5.5%

5.7%

5.8%

5.6%

1.5%

1.7%

1.8%

1.7%

73.2%

70.5%

70.3%

70.8%

70.9%

CEQ / Two-Wheeler

3.1%

3.3%

3.4%

3.5%

3.2%

1.6%

1.7%

1.4%

50.5%

52.4%

51.8%

53.6%

56.3%

Other Retail loans

2.0%

2.7%

3.3%

3.7%

3.1%

0.5%

0.9%

1.1%

1.3%

1.0%

75.8%

67.1%

67.6%

66.6%

67.4%

SME

0.7%

0.6%

0.2%

70.5%

68.6%

69.7%

71.2%

71.3%

Corporate

0.3%

0.2%

0.1%

0.0%

70.4%

71.2%

71.1%

85.0%

94.4%

Total (excl. Motor Finance)

1.5%

1.6%

1.5%

0.5%

0.6%

0.5%

65.8% 64.2% 64.0% 64.5% 65.1%

Motor Finance

4.1%

5.9%

7.7%

8.4%

8.0%

2.5%

4.1%

5.3%

5.8%

5.1%

39.2%

31.9%

32.3%

33.4%

38.8%

Total (incl. Motor Finance)

1.9%

2.1%

2.2%

2.0%

0.8%

1.0%

1.1%

1.0%

0.9%

58.5% 53.9% 52.8% 53.6% 56.2%

Note: Other Retail loans include education loan, microfinance, loan against securities, and car loans.; Motor Finance business includes commercial vehicle, portion of car loans, supply chain finance.

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Asset Quality Update – Collection Efficiency (3/3)

Particulars

Jan-25

Feb-25 Mar-25 Apr-25 May-25

Jun-25

Jul-25 Aug-25

Sep-25 Oct-25 Nov-25 Dec-25

Jan-26

Feb-26 Mar-26

Home Loan

99.8%

99.9%

99.8%

99.9%

99.8%

99.9%

Loan Against Property

99.6%

99.7%

99.6%

99.7%

99.6%

99.7%

99.8%

Personal Loan

99.0%

98.9%

99.2%

98.7%

99.2%

98.9%

99.2%

99.1%

99.2%

99.3%

99.5%

Business Loan

99.2%

99.1%

99.3%

98.9%

99.2%

98.9%

99.3%

99.2%

99.3%

99.2%

99.4%

99.5%

Two-wheeler

98.8%

98.5%

99.0%

98.0%

99.0%

98.7%

98.4%

98.8%

98.7%

98.9%

99.1%

99.2%

Used Car Loans

98.9%

99.2%

98.3%

99.1%

98.9%

99.0%

99.1%

99.2%

99.1%

99.3%

Note: Collection efficiency defined as POS of 0 DPD customers who cleared dues / POS of 0 DPD customers.

/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_05/4524828-001_Avinash Anand_Section Dividers

Material Subsidiary TCHFL

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Tata Capital Housing Finance Limited (TCHFL) Overview

AUM

26,384 Cr

27,074 Cr

24,855 Cr

28,604 Cr

36,995 Cr

51,455 Cr

67,252 Cr

FY 22 - FY 26 : CAGR 32%

FY19

PBT

127 Cr

FY20

255 Cr

FY21

478 Cr

FY22

760 Cr

FY23

FY24

FY25

1,101 Cr

1,539 Cr

2,013 Cr

2,457 Cr(1)

FY 22 - FY 26 : CAGR 34%

86,653 Cr

FY26

TCHFL Q4FY26 Performance Summary(1)

₹ 86,653 Cr AUM

₹ 527 Cr PAT

29% YoY | 6% QoQ

34% YoY | 14% QoQ

29.4% Cost to Income

2.6% ROA

Q4FY25 32.0% | Q3FY26 31.8%

Q4FY25 2.5% | Q3FY26 2.4%

0.3% Net NPA

19.9% ROE

•

29% YoY growth in Net AUM (₹ 86,653 Cr).

34% YoY growth in PAT at (₹ 527 Cr).

Best-in-class asset quality with Annualized Credit Cost at 0.1%.

GNPA at 0.7% | NNPA at 0.3%.

Annualized ROA 2.6% (vs. 2.5% in Q4FY25) | ROE 19.9% (vs. 19.2% in Q4FY25).

Branches increased from 57 in Mar-19 to 350 in Mar-26.

Granular book – ATS at ₹ 32 Lakh for Retail and ₹ 75 Cr for Developer Finance.

Among the top originators in Affordable Home Loans.

• Home loans Salaried and Self-Employed customer mix: 50% : 50%.

Q4FY25 0.3% | Q3FY26 0.4%

Q4FY25 19.2% | Q3FY26 18.6%

•

Sourcing mix: 63% direct and 37% DSA.

Note: (1) Q3FY26 and FY26 figures exclude impact of new labour codes.

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TCHFL Portfolio Overview

Prime and Near Prime Home Loans

• Catering to Salaried & SENP customers

• Presence in Metro, Tier 1 & 2 cities

• Granular Book with ATS of ₹ 41lakhs

Prime & Near Prime HL 40%

Prime LAP 20%

Loan Against Property

• Catering to Metro, Tier 1 & 2 cities

• Granular Book with ATS of ₹ 30lakhs

• Overall LAP ₹ 24,218cr:

34,569cr

17,399cr

• ₹ 17,399cr prime LAP

• ₹ 6,818cr part of Affordable LAP

Affordable Housing Finance (AHF) including Micro Housing (MH)

•

Includes Affordable Home Loans + LAP

1,036 Cr

• Catering to first time home buyers, new to

credit with household income <6lakhs

• Presence in Tier 3, 4 & beyond markets

• ATS of ₹ 18lakhs

DF 21%

18,233cr

AHF 18%

15,415cr

FY26 Net AUM ₹ 86,653cr

Developer Finance (DF)

• Funding for undertaking construction &

development of real estate projects

• Present in select 11 cities

• ATS of ₹ 75cr

Note: MH – Micro housing; SENP – Self-employed non-professional; ATS – Average ticket size; LAP – Loan against property.

Q4FY25

Q3FY26

Q4FY26

YoY growth

FY25

FY26

YoY growth

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TCHFL – Financial Performance Summary

Particulars (₹ crores)

Assets under management (net)

Total Gross loans

Total Net loans

Net interest income

Fee income

Investment income

Net total income

Operating expense

Pre-provisioning operating profit

Loan losses and provisions

Profit before tax

Profit after tax Non-recurring items (PAT impact)(1)

Profit after taxes (attributable to owners of the company)

Ratios(2)

Annualized operating expense on average net loan book

Cost to income ratio

Annualized credit cost on average net loan book

Annualized Return on average net loan book

Annualized Return on average equity

Note: (1) Reflects impact of new labour codes for Q3FY26 and FY26; (2) Excl. non-recurring items.

29%

26%

24%

39%

26%

15%

31%

22%

31%

34%

67,252

66,955

66,405

81,585

79,883

79,279

661

135

808

259

549

529

394

1.6%

32.0%

0.1%

2.5%

19.2%

768

159

934

297

637

621

464

(6)

458

1.5%

31.8%

0.1%

2.4%

18.6%

86,653

84,439

83,808

818

187

1,016

298

717

693

527

1.5%

29.4%

0.1%

2.6%

19.9%

67,252

66,955

66,405

2,347

423

2,834

972

1,862

(151)

2,013

1,499

1.7%

34.3%

(0.3)%

2.5%

19.3%

86,653

84,439

83,808

2,956

657

3,676

1,144

2,533

2,457

1,842

(6)

1,836

1.5%

31.1%

0.1%

2.5%

18.3%

29%

26%

55%

30%

18%

36%

22%

23%

22%

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Motor Finance Update

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Motor Finance Business Overview

One of India’s leading vehicle financiers

Net AUM movement

Net AUM mix (Mar-26)

Net AUM

₹ 25,390 Cr

Consolidating loan book in line with strategy to improve business metrics

Realigning portfolio mix to improve granularity, book yield, and asset quality

Between Mar-25 and Mar-26, Net AUM lower by ₹ 8,123 Cr

Disbursement

₹ 2,627 Cr

Q2FY26: ₹ 1,703 Cr | Q3FY26: ₹ 1,985 Cr

33,513

Customers served

2.5mn+

30,374

28,322

26,584

25,390

Used Vehicle 32%

Others 3%

Extensive network

385

Dealer touchpoints

940+

Workforce

4,849

ILMSCV 23%

Q4FY25: 6,351 | Q3FY26: 5,276

Mar-25 Jun-25 Sep-25 Dec-25 Mar-26

Note: All values are as of Mar-26 or for Q4FY26, unless specified otherwise; ILMSCV – Intermediate, Light, Medium & Small Commercial Vehicles; HCV – Heavy Commercial Vehicles.

HCV-New 42%

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Turnaround Strategy for Motor Finance Business

• Tata Motors Finance acquisition completed on May 8, 2025. Transformation progressing as planned amid a closely monitored CV cycle.

Key Drivers

Updates

• Multi OEM model

• Change in product mix

• Tied up with multiple OEMs. Contribution of other OEMs in disbursement of new vehicle loans increasing.

Disbursements

Q4FY25

Q2FY26

Q3FY26

Q4FY26

Non-Tata OEM contribution

13%

19%

26%

• Added over 400 dealers in last nine months.

• Pivoting towards Used business and within New, focusing on ILMSCV.

• Used vehicle disbursement – GST impact (price between new and old vehicles narrowed) + prioritizing granularity.

Disbursement mix

Q4FY25

Q2FY26

Q3FY26

Q4FY26

Used proportion

HCV new

ILMSCV new

42%

37%

16%

47%

29%

23%

40%

30%

28%

40%

31%

27%

• Liability optimization

• All liabilities have been repriced.

• Cost reduction

• Rolled out Motor Finance products in 117 TCL branches since Mar-25.

• Rationalized over 90 branches with current network of 385 branches

• Optimized manpower (current employee strength at 4,849 vs. 6,351 in Mar-25).

•

IT systems

•

IT integration with TCL is in progress; Target completion by Q1/Q2 FY27

Note: ILMSCV – Intermediate, Light, Medium & Small Commercial Vehicles; HCV – Heavy Commercial Vehicles.

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Liability & Asset Profile

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Diversified & Stable Liability Profile

Highest possible domestic credit rating

Int’l credit rating of BBB

AAA with stable outlook

1st USD bond issue in Jan’25

Access to diverse pool of domestic and

international lenders at competitive rates

Diversified Funding Sources (Total Borrowings)

₹ Cr

69,801

72,030

69,524

86,220

1,13,336

1,48,185

1,83,167

1,91,739

1,98,145

2,08,415

2,11,852

2,12,888

2,19,870

2,35,977

27%

34%

24%

19%

36%

30%

13%

42%

27%

13% 7%

41%

31%

Mar'19

Mar'20

Mar'21

Mar'22

11% 5%

39%

34%

10% 5%

35%

38%

10% 4%

30%

43%

10% 4%

31%

10% 4%

31%

41%

12% 4%

30%

11%

39%

8% 4%

34%

12%

38%

9% 4%

35%

12%

36%

12% 4%

33%

12%

35%

9% 3%

32%

12%

40%

Mar'23

Mar'24

Jun'24

Sep'24

Dec'24

Mar'25

Jun'25

Sep'25

Dec'25

Mar'26

NHB

Bank Loans

ECB/ MTN

NCD

Tier II/ Perpetual

CP/ WCDL

One of the Lowest Average Cost of Borrowings

Two-point average

Daily average

8.3%

8.1%

7.4%

FY19

FY20

FY21

6.3%

FY22

8.1%

7.8%

7.9%

7.8%

7.7%

7.4%

7.5%

7.4%

7.2%

7.1%

7.3%

6.6%

FY23

FY24

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Q3FY26

Q4FY26

Note: NHB: National Housing Bank, ECB: External commercial borrowing, MTN: Medium term note, NCD: Non-convertible debenture, CP: Commercial paper, WCDL: Working capital demand loan

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Key Ratios

6.3x

16.7%

15%

6.8x

6.9x

6.8x

6.7x

6.6x

16.5%

16.4%

16.2%

16.8%

16.5%

6.1x

17.2%

13.7%

5.1x

20.2%

16.8%

5.3x

19.0%

15.9%

11.9%

11.6%

12.0%

12.7%

4.9%

4.3%

4.1%

3.8%

3.6%

3.4%

3.1%

Q4FY24

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

Q3FY26

Q4FY26

Total CRAR

Tier-I

Tier-II

Regulatory CRAR

Total Borrowings to Total Equity

Note: CRAR, Tier-I, and Tier-II for TCL Standalone; Total Borrowings to Total Equity ratio for TCL Consolidated. The figures / ratios in the previous year / period have been regrouped wherever necessary, in order to make them comparable to the current year / period.

ALM Bucketing (Standalone)

10%

Chart Title 9%

(3)%

Cumulative Inflows & Outflows

120%

100%

80%

60%

40%

20%

100%

81%

77%

72%

68%

11%

12%

15%

21%

10%

47%

39%

33%

24%

25%

16%

1 to 7 Days

8 to 14 Days

15 days to 1M

1 to 2M

2 to 3M

3 to 6M

6M to 1y

1y to 3y

3y to 5y

Over 5y

Cumulative Inflows (%)

Cumulative Outflows (%)

Cumulative Surplus / (Gap) (%)

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100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

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Guidance

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ROA

ROE

Performance vs. Guidance (Excluding Motor Finance)

Particulars(1)

Q1FY26

Q2FY26

Q3FY26

Q4FY26

FY26

AUM growth (YoY)

25%

22%

26%

28%

22 – 25%

28%

22 – 25%

Guidance

Credit cost

1.4%

1.1%

1.0%

0.8%

0.8 – 0.9%

1.0%

1.0 – 1.1%

Cost to income

33.7%

36.6%

35.7%

36.1%

35.6%

35 – 36%

2.1%

2.2%

2.3%

2.5%

2.4 – 2.5%

2.2%

2.2 – 2.3%

14.3%

14.9%

14.4%

14.6%

PAT growth (YoY)

20%

33%

39%

51%

14.3%

14 – 15%

36%

~32 – 35%

NNPA

0.6%

0.5%

0.6 – 0.7%

0.5%

0.6 – 0.7%

Note: (1) Excl. non-recurring items.

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ROA

ROE

Performance vs. Guidance (Including Motor Finance)

Particulars(1)

Q1FY26

Q2FY26

Q3FY26

Q4FY26

FY26

AUM growth (YoY)

18%

15%

18%

20%

18 – 20%

20%

18 – 20%

Guidance

Credit cost

1.6%

1.3%

1.2%

0.9%

< 1%

1.2%

~1.2%

Cost to income

36.8%

39.7%

38.4%

38.3%

38 – 39%

1.8%

1.9%

2.1%

2.3%

2.3 – 2.4%

2.0%

2.0 – 2.1%

12.5%

13.0%

13.1%

13.9%

PAT growth (YoY)

118%

14%

20%

43%

12.9%

13 – 14%

38%

~35%

NNPA

1.0%

1.1%

1.0%

0.9%

< 1.0%

0.9%

< 1.0%

Note: (1) Excl. non-recurring items.

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FY28 Guidance (including Motor Finance)

23% – 25%

33% – 34%

< 1.0%

AUM CAGR (FY25-28E)

Cost to income

Credit cost

< 1.0%

Net NPA

> 30%

2.5% – 2.7%

17% – 18%

PAT CAGR (FY25-28E)

ROA

Return on Equity

Note: Same as indicated in Q2FY26 investor presentation.

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Technological Capabilities

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Digital First – Essence of Our Organization

Digital DNA

AI > Next

Customer at the Core

• Digital-first NBFC

• Harnessing AI to reimagine finance

Technology at the core of how we

and deliver superior customer

experiences

•

Leverage AI to achieve operational

•

think, work and deliver

Transforming products to create

seamless, scalable and smarter

financial journeys

•

Every product design, experience, and

promise is shaped around customers’

needs and aspirations

Empowering customer ambitions and

excellence, empowering workforce and

fulfilling their dreams

unlocking new possibilities

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Digital DNA Driving Impact

Digitizing entire loan lifecycle to improve customer experience and create a seamless & efficient process

Onboarding & cross-sales

Underwriting

Collections

Customer service

API-enabled process flows

Data integration

Statistical models for early bucket resolution

Omnichannel customer service

Pre-approved loan offers

BRE(2) based underwriting

Field collection app

DIY service via multiple channels

Digital partnerships to enhance reach

GenAI powered credit memos

Digital workflow system

Multilingual Capabilities

Profile checks, digital KYCs, loan-linked insurance

Integrate data from credit bureaus, financial statements etc, AI based risk assessment

Multiple Digital Payment Channels , predictive analytics for loan recovery

GenAI enabled e-mail replies & chatbot. IVR, push notifications and Marketing communications

97%

Customers onboarded via digital platforms

98%

Disbursements(1) via scorecards / BRE(2)

99%

Collections via digital channels

98%

Customer queries addressable digitally

180+

Digital partnerships

Note: All values are for Q4 FY26 / as of Mar 31, 2026, unless specified otherwise stated. (1) In retail finance; (2) BRE – Business rule engine.

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An AI-First NBFC – Harnessing AI capability

AI for Conversation

AI for Document Intelligence

AI for People Capability

Unified voice hub powers sales, service & collection conversations

Vision AI – extract, process & refine data for consistent decision-making

AI ready culture - training the workforce

Improved conversions | Deeper engagements | Faster resolutions | Improve collection efficiency

Faster processing | Enhanced productivity | Quality check

Employee assist platforms - 12,000+ employees trained

AI for Technology

AI in Advance Analytics

Agentic platform using multiple LLM, and RAG based architecture with vectoring and embedding capabilities

AI-led insights across the loan lifecycle

100% hybrid cloud environment

↑ Revenues | Accelerate decisioning | Mitigate risk | Capture untapped opportunities

AI > Next – Building an AI-First NBFC (1/2)

AI in Marketing & Onboarding

AI in Underwriting

AI in Operations

➢ AI-generated creatives

➢ Smarter & faster underwriting assistance

➢ Document intelligence

➢ Multilingual AI interactions

➢ Insights to support credit decisions

➢ Automated AI workflows

➢ Improved lead to sales ratio

➢ Improved TAT and greater standardization

➢ Reduced manual intervention

AI generated marketing:

AI powered underwriting assist:

AI powered document intelligence:

80% campaign creatives

75% mailers and banners

50% of videos and blogs

Driving business:

▪ 15% of direct PL business

30% increase in underwriting productivity

85% adoption rate in SME

FinSight: ▪ In-house AI powered bank

statement analyzer for faster, sharper underwriting decisions

2cr+ documents processed

87% adoption in 2W

90% adoption in MFI

Operational efficiency:

▪ 80+ bots operational

▪ 35% increase in productivity

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AI > Next – Building an AI-First NBFC (2/2)

AI in Service

AI in Collections

➢ Scalable & intelligent customer service

➢ Agentic AI workflows for voice and email communication

➢ AI agents managing outreach

➢ Streamlining recovery workflows & strengthening

collection efficiency

AI powered customer interactions:

AI powered collections:

90% of welcome calls through AI

80% reduction in manpower for welcome calls

Improved customer service:

▪ 70%+ emails serviced through AI assist

80+ predictive models used to improve collection efficiency

30% early bucket collections using voice AI agents

Strengthening collections:

▪ Unsecured retail X bucket efficiency improved

by 20%

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Digital First Approach – Customer-Centric and Experience-Driven

Customer Portal

167+

Services for Retail

Loan and Wealth App

120+

Services for Corporate

Digital onboarding

Customer friendly journeys

Personalized offerings

Digital self-servicing

25+

Customer Journeys

25+

Product Suite

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ESG Overview

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Tata Capital ESG Initiatives – Commitments (1/3)

Key Pillars of Sustainability Commitments

Board Independence and Diversity

Leadership Commitments toward Sustainability

Ethical Framework

Diverse Board, with five out of eight members serving as independent directors, bringing industry expertise, including two female independent directors.

Strong leadership accountability through robust oversight. Sustainability is governed under Risk Committee of the Board which has adopted a Sustainability Policy.

100% of Employees trained in Tata Code of Conduct articulating values, ethics and business principles; POSH; Anti-Bribery and Anti-Corruption Policy; Whistleblower policy.

Data & Risk Governance

Sustainability-Focused Business

Strengthening Communities through Responsible Action

Advanced cybersecurity, enterprise risk management and compliance with data protection regulations.

ESG-aligned business strategies for sustainable growth - Cleantech Financing; Financial Inclusion; Affordable Housing, MF Loans

Tata Capital’s robust CSR strategy focusses on uplifting communities, protecting environment, and fostering an equitable future. The role serves as a catalyst for sustainable development and inclusive growth.

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Tata Capital ESG Initiatives – Sustainability Indicators (2/3)

A pioneer in Cleantech financing in the country, TCL has built a robust foundation to push the ESG agenda. Guided by our long term vision and unwavering commitment, we are embedding ESG considerations across our portfolio to power India’s ambition of achieving a low carbon future alongside inclusive economic growth.

Environmental KPIs

Social KPIs

Governance KPIs

Pioneer in Cleantech Financing in India

10% women in workforce

Sustainability agenda governed under Risk Committee of the Board

More than 600+ Cleantech projects

600+ MF branches across the country

30 GW+ renewable capacity financed

8 Lakh+ Women empowered by MF Loans

The Tata Code of Conduct governs our integrity, trust and transparency

AAA by Crisil, ICRA, CARE & India Ratings BBB by S&P Global

2.5+ Lakh saplings planted till date with 80% survival rate

3.7+ mn lives impacted by CSR projects till date

100% employees trained on Ethics, Anti-Bribery, etc.

All figures as of Mar 31, 2026.

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Catalyzing Green Projects Through Cleantech Finance (3/3)

Financing green projects through Cleantech Finance In 2011, our erstwhile subsidiary TCCL(1) was set up by our Company and International Finance Corporation, with a primary focus on green and sustainable financing

Cleantech Financing

600+ Cleantech projects financed

30GW+ Renewable capacity financed

45,000 Cr+ Disbursals till date

EV Financing

75,000+ Live EV customers

1,750+ Customers added every month

~7% of 2W portfolio

Deep partnerships with global climate investors enabling access to long-tenure, low-cost capital

In-house sourcing for Cleantech and Infrastructure Finance

Focus Areas

Renewable Energy

Electric Mobility

Energy Efficiency

Green & Sustainable Financing

Waste Management

Note: (1) Tata Cleantech Capital Limited – merged into TCL.

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Tata Capital ESG Initiatives – CSR Flagship Programmes (1/2)

Key CSR programmes dedicated to environmental impact

JalAadhar

The Green Switch

Vanaropan for Neutrality (VN)

Providing Water Security to water- stressed areas

Providing Energy Security to Unelectrified communities

Creating Additional Carbon Sink

• Aims to achieve water security in water-stressed communities through integrated watershed development (IWD), waterbody rejuvenation (WR) and water access (WA) models.

•

Impacted 410 villages benefitting over 8 lakh+ individuals. Created 50,000+ lakh litres of water harvesting capacity and rejuvenated 1,000+ water bodies across 4 states.

• Use solar micro off-grid systems to provide 24X7 power to households, streetlights, common areas, and community buildings

• 24/7 clean electricity now powers 6,000+ homes in 124 hamlets across 4 states, touching ~28,000 lives. The total installed solar capacity is of ~1.7 MWp.

• Under the VN program, 41+ ha of land has

been afforested with 2.5+ lakh native forest and mangrove saplings in Thane, Delhi, Hyderabad, Gujarat and Tamil Nadu.

• ~3,500+ tons of carbon will be sequestered

upon full growth of the saplings.

10,31,530+ Lives impacted till date, across all climate action initiatives

Note: All figures as of Mar 31, 2026.

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Tata Capital ESG Initiatives – CSR Flagship Programmes (2/2)

Key CSR programmes dedicated to healthcare and education

Aarogyatara

Education

Eradication of curable blindness

Pankh Scholarship | Upskilling Initiatives | Financial Literacy

•

The company is deeply committed to restoring sight and transforming lives by working to eradicate curable blindness, especially among underserved and rural communities.

Till date, screened 18.67 Lakh individuals and supported 1.96 Lakh individuals with vision correction surgeries.

• Mentor and fund the education of young academic achievers from economically underprivileged families. Till date, a total of 40,000+ Pankh scholarships were awarded to students.

•

Through our financial literacy programme, awareness outreach to communities enables knowledge and confidence to make informed financial decisions, creating a lasting impact in their lives.

Skilling initiatives focus on building future-ready and livelihood- oriented capabilities, like STEM (robotics, AI), life skills and entrepreneurship.

18,67,000+ lives impacted till date

5,24,330+ lives impacted till date

Note: All figures as of Mar 31, 2026.

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Awards and Recognition

Global Environment Award 2025 for the Green Finance Sector

NBFC and Fintech Excellence Awards 2026 for Innovative Application of AI (Corporate Finance)

Best BFSI Brand 2025 by ET Edge

Awarded ‘Customer Centric Company of the Year’ at the 24th CX Strategy Summit and Awards 2026

ET Martech Awards 2025 for Innovative AI & Automated Campaigns

Tata Innovista Award for our Gen AI-powered CAM Project- 2025

Best Data Quality Award in the NBFC Consumer Emerging Segment – Silver Category by TransUnion CIBIL

Recognition for JalAadhar and The Green Switch Projects as Best Practice at the Tata Group Ethics and Affirmative Action Summit 2025

Innovative Use of Existing Medium – Metro (Bronze) for Mitaye Faasle at e4m NEONS OOH Awards 2025

Best use of Quora (Bronze) at afaqs! Digies Awards 2025

Platinum Category Award at the 15th Annual EEF Global Environment Awards 2025

Awarded ‘Excellence in Data-Driven Credit Innovation’ at the ETBFSI Exceller Awards 2025

Multiple awards for Social Media at afaqs! Marketers Xcellence Awards 2025

India Green Energy Award winner for Electric Vehicle Financing at India Green Energy Awards (IFGE) 2025

/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers

Thank You

/Admin/ADVANCED GRAPHICS/Cover and Template/2025/2025_04/4485076-001_Tata Capital_Avinash Anand_Cover and dividers

Annexures

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Distinguished Board

Strong governance practices aimed at ensuring resilience

Saurabh Agrawal

Rajiv Sabharwal

Sujit Kumar Varma

Ramanathan Viswanathan

Chairman & Non-Executive Director

Managing Director & CEO

Independent Director

Executive Director, Group CFO – Tata Sons

Select prior experience

Select prior experience ⚫ Chief Strategy Officer, Corporate Strategy & Business Development cell with Aditya Birla Management Corporation

⚫ Head, Corporate Advisory and Finance (South Asia and SEA) with Standard Chartered Bank

⚫ Executive Director, Board of ICICI Bank

⚫ Chairman, ICICI Home Finance Company

⚫ Board, ICICI Prudential Life Insurance Company

⚫ Partner, True North Managers

⚫ Associated with State Bank of India

for 34 years

for 37 years

⚫ Deputy Managing Director (Corporate

Accounts Group), SBI

⚫ President and Chief Operating Officer and Whole Time Director in SBI Capital Markets

Ankur Verma

Punita Kumar Sinha

Nagaraj Ijari

Geetha Ravichandran

Additional & Non-Executive Director

Independent Director

Additional & Independent Director

Chief Strategy Officer – Tata Sons

Co-founder of Pacific Paradigm Advisors LLP

Select prior experience

⚫ Managing director in Global Investment

⚫ Senior Managing Director, Blackstone

Banking, DSP Merrill Lynch

⚫ Independent Director - Infosys and JSW Steel,

⚫ Infosys Technologies

among others

⚫ Associated with Tata Consultancy Services

for 29+ years

⚫ Retired from civil services as principal chief commissioner of income tax after serving for 35+ years

Tata Sons representative

Independent Directors

MD & CEO

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Experienced Management Team

Dedicated management team instrumental in driving sustainable growth

Rajiv Sabharwal Managing Director and CEO

Sarosh Amaria Managing Director - TCHFL

Manish Chourasia Chief Operating Officer - Corporate & Cleantech Finance

Neeraj Dhawan Chief Operating Officer - Motor Finance and DSMG

Narendra Kamath Chief Operating Officer - SME Finance

Vivek Chopra Chief Operating Officer - Retail Finance

Select prior experience: (36 yrs)

Select prior experience: (28 yrs)

Select prior experience: (31 yrs)

Select prior experience: (28 yrs)

• ED, Board of ICICI Bank • Board, ICICI Prudential Life

Insurance Company

• Chairman, ICICI Home Finance • Partner, True North Managers

• Founding team member of Tata Capital (since 2007)

• ICICI Bank • Tata Cleantech Capital • IL&FS Infra Asset Management

• Jio Finance • ICICI Bank, HDFC Bank, CSB

Bank, Yes Bank

• GE Capital Transportation

• Tata Motors

Select prior experience: (26 yrs) • ICICI Bank

Abonty Banerjee Chief Operating Officer – IT, Digital, Operations & Marketing

Rakesh Bhatia Chief Financial Officer

Select prior experience: (30 yrs)

• ICICI Bank • Ernst & Young

• American Express • IDBI Bank • Board, International Asset

Reconstruction

Kiran Joshi Head – Treasury

Avijit Bhattacharya Chief Human Resource Officer

Sandeep Tripathy Head of Strategy & Investor Relations

Nitin Dharma Chief Risk Officer

Select prior experience: (35 yrs)

Select prior experience: (32 yrs)

Select prior experience: (17 yrs)

• Tata Motors Finance

• Tata Group companies

• Tata Sons • Goldman Sachs (India)

Select prior experience: (29 yrs) • ICICI Bank • Birla Global Asset Finance

Sarita Kamath Chief Legal and Compliance Officer & Company Secretary

Saurav Basu CBO – Wealth & Advisory Business

Abha Sarda Chief Internal Auditor

Select prior experience: (25 yrs)

Select prior experience: (27 yrs)

Select prior experience: (21 yrs)

• Tata Services

• Citibank, NA

• Tata Capital Housing Finance • Times of India Group

Consolidated Balance Sheet

Particulars (₹ crores)

Mar-25

Mar-26

Total Net Loans

Investments

2,21,950

2,68,203

9,866

9,508

Other financials assets

16,503

12,792

Total Assets

Total Borrowings

2,48,320

2,90,504

2,08,415

2,35,977

Other financials liabilities

5,679

7,419

Networth

Total Equity

Instruments entirely equity in nature

Non Controlling Interest

33,046

45,861

31,238

44,658

1,808

1,179

1,203

1,246

Total Liabilities and equity

2,48,320

2,90,504

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The figures in the previous year / period have been regrouped wherever necessary, in order to make them comparable to the current year / period.

Total Gross Loans

Particulars (₹ crores)

Mar-25

Mar-26

ACCENT

Bullets

Retail Gross Loan

SME Gross Loan

Corporate Finance Gross Loans

1,41,114

1,56,532

59,463

25,976

76,490

40,370

Total Gross Loans

2,26,553

2,73,392

Total Gross Loans YoY Growth %

40.5%

Secured Gross Loans as % of Total Gross Loans

79.0%

20.7%

79.2%

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Additional Metrics (Based on Reported Financials)

Particulars (₹ crores) Disbursement Interest Income Fee income Investment income Total Income Finance Cost Net Total Income NIM + Fee Income Margin Operating expense (incl. exceptional items) Credit Cost Profit after taxes (attributable to owners of the company)

Ratios % Average Yield Average Cost of Borrowings Net Interest Margin NIM + Fee Income Ratio Cost to Income Ratio Operating Expenses Ratio Credit Cost Ratio Return On Assets Return On Equity

YoY growth 19% 11% 11% 6% 11% 6% 17% 17% 7% 7% 32%

FY25 1,42,302 25,724 2,342 305 28,370 15,030 13,340 13,036 5,613 2,827 3,665

12.6% 7.8% 5.2% 6.4% 42.1% 2.7% 1.4% 1.8% 12.7%

FY26 1,69,660 28,652 2,608 323 31,583 15,985 15,597 15,275 6,017 3,023 4,846

11.7% 7.2% 5.2% 6.2% 38.6% 2.5% 1.2% 2.0% 12.8%

Note: The figures in the previous year / period have been regrouped wherever necessary, in order to make them comparable to the current year / period.

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Glossary and definitions

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Definition of Key Terms

Term

Definition

Average cost of borrowings ratio

Finance cost as a percentage of average total borrowings for the relevant fiscal / period.

Tier I

Computed from the standalone financial statements of the company, as tier I capital divided by total risk weighted assets, in accordance with relevant RBI guidelines as at the last day of the relevant fiscal / period.

Capital risk adequacy ratio or CRAR

Computed from the standalone financial statements of the company, TCHFL, as applicable, as the sum of CRAR - tier I and CRAR - tier II.

Cost to income ratio

Operating expenses as a percentage of net total income for the relevant fiscal / period.

Credit cost ratio

Fee income

Gross stage 3 loans

Credit cost as a percentage of average total net loans (annualized).

Rental income, fees and commission income, net gain on derecognition of financial instruments and other income as reported in the restated consolidated financial information for the relevant fiscal / period. Total gross loans which are more than 90 DPD from their contractual payments or as prescribed by applicable regulations and includes Purchased or Originated Credit Impaired Loans (POCI).

Gross stage 3 loans ratio

Ratio of gross stage 3 loans as a percentage of total gross loans as at the last day of the relevant fiscal / period.

Investment income

Dividend income, net gain on fair value changes and net gain on derecognition of associates as reported in the restated consolidated financial information for the relevant fiscal / period.

Net stage 3 loans

Gross stage 3 loans as reduced by impairment loan allowances provided on gross stage 3 loans as at the last day of the specified fiscal / period.

Net stage 3 loans ratio

Gross stage 3 loans as reduced by impairment allowances provided on gross stage 3 loans as a percentage of total gross loans as reduced by impairment allowances provided on gross stage 3 loans as at the last day of the relevant fiscal / period.

Net total income

Total income reduced by finance cost for the relevant fiscal / period.

Operating expenses ratio

Operating expenses as a percentage of average total net loans.

Provision coverage ratio or PCR

Impairment allowances provided on gross stage 3 loans as a percentage of gross stage 3 loans as at the last day of the relevant fiscal / period.

Return on assets or ROA

Profit after tax as a percentage of average total net loans.

Return on equity or ROE

Profit after tax as a percentage of average total equity.

Total equity

Equity attributable to owners of the company reduced by instruments entirely equity in nature as reported in the restated consolidated financial information as at the last day of the relevant fiscal / period.

Total gross loans

Total net loans adjusted for unamortised loan sourcing fees, unamortised loan sourcing costs and impairment allowances as at the last day of the relevant fiscal / period.

Total net loans

Net AUM

Loans as at the last day of the relevant Fiscal / period.

Total Net Loans plus outstanding balance of loans transferred through direct assignment

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