FIVESTAR

Date: July 25, 2026 The National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Listing department, Bandra-Kurla Complex, First floor, PJ Towers, Bandra (E), Mumbai 400 051 Dalal Street, Fort Mumbai 400 001 Symbol: FIVESTAR Scrip code: 543663,974905,975246,975598 Sub: Investor Presentation on the unaudited financial results for the quarter ended June 30, 2026. Dear Sir/ Madam In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the Investor Presentation of the Company on the un-audited financial results for the quarter ended June 30, 2026. This Investor Presentation is also available on the website of the Company at https://fivestargroup.in/investor-presentation/ Kindly take the above information on record. For Five-Star Business Finance Limited Vigneshkumar SM Company Secretary & Compliance Officer Reaching the Unreached Five-Star Business Finance Limited Onwards & Upwards Investor Presentation | Q1FY2027 Safe Harbour This presentation and the accompanying slides (the “Presentation”) which have been prepared by Five-Star Business Finance Limited (the “Company”) have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, the Presentation is expressly excluded. This Presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost overruns on contracts, our ability to manage our international operations, government policies and action regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statement become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company. Investor Presentation | Q1FY27 | Five Star Business Finance Limited Executive Summary | Q1FY27 Branches Loan Disbursement Loan Portfolio 856 ₹ 14,964 Mn ₹ 137,218 Mn +12 +89 +23% +16% +4% +10% Gross NPA 30+ DPD Profit After Tax 3.46% 12.38% ₹ 2,714 Mn +9 bps +1.00% -31 bps +1.07% +1% +2% Net Interest Margin* Return on Average AUM Return on Equity 19.97% 8.11% 14.46% -10 bps -2 bps -26 bps -69 bps -63 bps -2.11% q-o-q y-o-y * NIM computed as a % of average AUM Investor Presentation | Q1FY27 | Five Star Business Finance Limited Commentary on Q1FY27 It is with great delight that I present the performance of Five-Star Business Finance Limited (“Five Star” or “Company”) for the quarter ended June 30, 2026. The quarter panned out in line with our expectations, which vindicated the actions we undertook to overcome the challenges we faced. The most heartening facet of this quarter is the strong traction in disbursements that we achieved. We clocked our historical best in disbursements with quarterly disbursements coming in at INR 14,964 Mn, a growth of 23% over the previous quarter and 16% over the previous year. We ended the quarter with an AUM of INR 137,218 Mn, which is a sequential growth of 4% for the quarter. This clearly shows that Five Star is back on the growth trajectory and at this pace Lakshmipathy D of quarterly growth (which will only improve in the coming quarters), we should be able to achieve our full year growth Managing Director guidance very comfortably. Collections continue to remain robust despite this being the seasonally weakest quarter; for the quarter ended June 30, 2026, we clocked a unique customer collection efficiency (excluding NPA loans) of 97.9% (98.1% in Q4FY26), with our x-bucket collections coming in at 99.2% (99.3% in Q4FY26). Our current book continues to improve and stood at 83.30% as compared to 82.69% as of the previous quarter. We also saw a good improvement in our 30+ book which reduced to 12.38% as compared to 12.69% in the previous quarter. With our strong collections, we should see asset quality metrics consistently improving in the quarters to come. Our slippages (defined as increase in NPAs + write offs as a % of the opening standard AUM) remained flat at 0.70% compared to the previous quarter, and despite the seasonally weak nature of the quarter, our credit cost dropped sequentially to 1.85% for Q1FY27 from 1.88% for Q4FY26. On the borrowings front, we borrowed INR 4,500 Mn at an all-inclusive cost of 8.33%, despite not so favourable liquidity conditions. This has also helped bring down our COF on the book from 8.95% for Q4FY26 to 8.80% for Q1FY27. Not only did this ensure our spreads to remain intact (despite drop in yields) but it also shows the strength of the franchise from the perspective of external stakeholders. On the whole, it has been a great and satisfying quarter for Five Star, and sets the platform for the Company to achieve a strong trajectory across the facets of Growth, Profitability and Quality in the quarters to come. Investor Presentation | Q1FY27 | Five Star Business Finance Limited Who We are NBFC providing secured financial solutions to Small Business customers and Self-employed Individuals who are largely cut-off from formal lending ecosystem Deep understanding of customer behavior and strong knowledge of market and regional dynamics, having been operating in this segment for over the last 2 decades Proprietary Underwriting & Collections model fine-tuned over 2 decades of experience Target Customer Segment Ticket Size & Income Profile Customers with informal income Average Ticket size of ₹3 – 5 lakhs derived from everyday ‘services’ Household gross income of ₹25,000 – 40,000 Target Geography Property Backed Collateral Currently Southern India (TN, AP, All loans are secured against Telangana & Karnataka), and MP, borrower property – usually self Maharashtra, UP, Chhattisgarh, occupied residential property Rajasthan, Gujarat 856 11 502,884 14,497 Branches States / UT Loans Employees Investor Presentation | Q1FY27 | Five Star Business Finance Limited Our Journey CRISIL ICRA / CARE Ratings ICRA / CARE Ratings / India Ratings 2012 2014 2016 2017 2018 2021 AUM BB+ BBB- BBB / BBB+ A- A A+ 2023 crosses 1,37,218 AA- INR 100 1,32,246 bn AUM 1,18,770 crosses INR 75 Listed on the bn Intense period of bourses; ₹ 137,218 Mn COVID; back to 96,406 Maintained strong Strong Asset growth Assets Under Management quality Strong portfolio growth; 69,148 Marquee PE investments; Series E COVID impact KKR 50,671 44,454 Introduction of Series D 38,922 Secured loans for TPG First PE business & other Series C infusion CEO & purposes Series B Norwest, Series A CFO 21,128 Morgan Sequoia Matrix joined the Stanley Incorporation Partners Company 10,084 4,936 263 1,008 1,315 1,981 1984 2004 2010 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q1FY27 Assets Under Management Investor Presentation | Q1FY27 | Five Star Business Finance Limited Shareholding – June 30, 2026 Others Promoter & 14.19% Promoter Group Strong Promoter Holding 18.39% AIF & QIB 4.48% Well-diversified cap table with strong participation from FIIs and Employees 1.91% Mutual Funds All Management team members hold shares / options amounting Mutual Funds 17.61% Foreign to ~2% of the Company’s capital 43.43% Corporates (Incudes Foreign Corporate Bodies and Foreign Portfolio Investors) % holding computed on a fully diluted basis, including ungranted, unvested and vested but unexercised options Investor Presentation | Q1FY27 | Five Star Business Finance Limited What We do Who are our What are the Five Star’s Customers challenges Capabilities Small Business Owners and Self-employed Given minimal banking habits, traditional Credit appraisal of informal income with individuals involved in everyday cash and underwriting methods are inadequate to minimum documentation; Surrogates carry businesses with a service bias establish the income stream (lifestyle, ownership of assets, trade checks, etc) used to evaluate borrower cashflows, in Need funds to refinance borrowings from Inability to provide documentation required the absence of verifiable income documents unorganised sources, which were originally by traditional lenders taken to set up businesses Proprietary underwriting model developed Lack of credit bureau footprint makes it to utilise ecosystem checks (neighbourhood Need funds for other purposes such as necessary to carry out ecosystem checks / trade checks) as proxies for formal records business expansion, home renovation / improvement and other mortgage purposes Expensive & time consuming underwriting ‘On the ground’ presence - ability to conduct (marriage, education, emergency etc) process physical verifications – mechanism has been created to ensure maker-checker controls in inspection process and operate at scale Fully in-house underwriting model done by qualified, competent & well-trained staff Investor Presentation | Q1FY27 | Five Star Business Finance Limited Distribution Strong distribution network driven by contiguous branch expansion State-wise portfolio break-up 856 branches | 11 States / UT 12 branches opened during the quarter State Branches Q1FY27 FY26 FY25 FY24 FY23 FY22 Tamil Nadu 214 28% 28% 29% 31% 35% 39% Andhra Pradesh 276 36% 36% 38% 37% 33% 29% Telangana 120 19% 19% 19% 19% 20% 19% 5 12 branches branches Karnataka 61 5% 5% 6% 6% 7% 7% 4 111 Madhya Pradesh 111 9% 9% 7% 5% 5% 5% branches branches 3 Maharashtra 50 3% 2% 1% 1% 1% 1% branches Others 24 1% 1% 0% 0% 0% 0% 50 branches 120 Total 856 branches Tamil Nadu includes branches and portfolio from the union territory of Puducherry 61 276 branches branches 214 branches Investor Presentation | Q1FY27 | Five Star Business Finance Limited Proprietary Underwriting Branch level Credit Appraisal Risk Mitigants inspection Field Credit Inspection Service-oriented businesses Pre-login assessment by the branch Independent visit to applicants’ Last impacted by macro down-cycles Basic verification of business, residence and business for detailed and first to emerge back residence and background check on inspection; independent report borrower Loans to family / household submitted to the approval team Relationship Officer Inspection Ensures collective decision-making and Approval Credit avoids potential problems Visit to applicant’s business / residence Loan sanctioned / rejected basis to assess business traction / income Independent approval branch appraisal and field credit level through proxies Approval powers only with the Credit appraisal reports. Only team with Final assessment by Branch Manager team; no approval powers with the approval powers Business team Complete inspection undertaken Legal Appraisal across the 3 Cs – Character, Cashflow Registered Mortgage Validation of the property documents and Collateral and report submitted to Mortgage registered with the Sub- done by Internal and External legal the approval team registrar office; helps avoid multiple counsels loans against the same property Investor Presentation | Q1FY27 | Five Star Business Finance Limited Strong Tech Support Tech supported Business Model Turnaround Time (# days) Robust Loan Origination System 12 A seamless LOS that integrates with banks, bureaus, account 10 9 9 9 8 8 8 aggregators, and data providers to streamline loan processing Secure API Ecosystem Multiple, high-security API integrations that automate the FY23 FY24 FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 capture of high-fidelity data across all touchpoints TAT is a function of the time needed to carry out necessary ecosystem checks combined with tech led efficiencies to sanction the loans faster Scalable Cloud Architecture A resilient, secure, and highly scalable cloud infrastructure Proportion of Digital Collections designed for 24/7 availability 82% 83% 84% 86% 80% 81% 76% Data-Driven Risk Analytics 72% 65% A solid data lake foundation that powers advanced ML models to deliver precise predictive behavior and risk scoring Strategic Digital Collections Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26Q1FY27 Tech-enabled collections utilizing strategy builder integrations Tech led strong digital adoption leading to a significant proportion of digital to maximize recovery efficiency and performance collections even amongst small shopkeepers / earn & pay customers Investor Presentation | Q1FY27 | Five Star Business Finance Limited Holistic Technology Usage ML / AI Application Stack Tech Infra Analytics Digital Loan Origination Cloud-Native Foundation AI Enablement Unified Data Foundation Digital journey from lead login to Resilient Cloud Infrastructure Intelligent Document Processing Comprehensive Data Lake automated disbursal, eliminating Hosted on a leading global cloud provider through GenAI-driven extraction to A centralized repository designed to manual friction. Real-time to ensure high availability, elastic automate data capture and improve data ingest and organize structured and connectivity with Credit Bureaus, scalability, and high-performance quality and accuracy unstructured data from a Account Aggregators, Banks, and throughput heterogeneous landscape of sources third-party data providers for instant AI Voice Bots Best-of-Breed Product Stack verification. GenAI-enabled bots deployed in local AI/ML Analytical Models Leveraging industry-leading SaaS & languages for automated collections Proprietary Machine Learning models platform solutions to ensure stability, Augmented Human-in-the-Loop tailored for Credit Risk Scoring to scalability and regulatory compliance. Optimizing critical touchpoints by Voice to Data Conversion using GenAI augment the underwriting process. Deep integration between core platforms digitalizing physical field visits, with Working with specialized product Partner assisted models for Bounce to maintain a unified data flow across the mobile-first approach for real-time platforms to convert voice Prediction Analytics to leverage lending lifecycle data capture during client conversations with customers and field technology for automated collections interactions. 24x7 Security Operations Center staff, in local languages, into actionable and support field collection officers to Deployment of a Security Operations Strategic Digital Collections improve efficiency and productivity data Center providing 24x7 surveillance Leveraging a mix of real-time (Push) across the entire digital perimeter. and scheduled (Pull) digital channels Continuous monitoring of cloud to facilitate seamless EMI payments. environments to prevent unauthorized Collaborating with specialized access or misconfigurations. Real-time collection tech-partners to optimize threat detection and mitigation at the channel strategies and maximize network and application layers to recoveries. safeguard against zero-day vulnerabilities. Investor Presentation | Q1FY27 | Five Star Business Finance Limited Strong Risk & Audit Oversight Board of Directors Risk Management Committee Audit Committee Risks managed – Credit, Collateral, Portfolio & People risks Risks managed – Financial, Operational & Fraud risks ALCO Credit Committee Business Resource Statutory Audit External Internal Audit Internal Internal Audit (Liquidity & ALM (Large ticket Committee (Deloitte Haskins & (Sundaram & (In-house Audit team) risks) sanctions) (Fund-raise) Sells) Srinivasan) Liquidity & ALM risk Credit risk Liquidity risk Financial, Operational & Fraud risks Functional Risk Management Functional Financial Accounting Departments Department Departments & Reporting Chief Compliance Officer & Compliance Department Clean Track Record | No Auditor Qualifications | Multiple RBI Inspections with NIL divergences | Fully automated Compliance tracking Investor Presentation | Q1FY27 | Five Star Business Finance Limited ESG @ Five Star ESG @ Five Star primarily revolves around the aspects of “S” (Social impact) and “G” (Governance) External Reporting Comprehensive Policy & Governance of ESG Business Responsibility and Sustainability Report (BRSR) is published as part of the Comprehensive ESG and BRSR policies Annual Report approved by the Board at least on an annual basis ESG @ Five Star BRSR Assurance Implementation Process Reasonable assurance has been carried out Senior Management team has been tasked by an independent assurance partner to oversee the implementation certifying BRSR compliance Investor Presentation | Q1FY27 | Five Star Business Finance Limited Social Impact Indicators Financial Inclusion – Reaching the Unreached Financial Inclusion ▪ Caters to the underserved market of small business loans Company Vision ▪ Meets demand which is majorly catered by informal sources Reaching the Unreached through suitable credit solutions ▪ Employment opportunities in semi-urban and rural areas, since the focus is on hiring local talent Catering to LIG customers Mission Statement ▪ Majority of AUM is provided to Low-income group customers, thereby Provide appropriate credit solutions to the hitherto fostering financial inclusion unreached segment of the market by developing a niche ▪ Loans for business and other purposes are provided at lower interest underwriting model, built towards evaluating the twin rates strengths of the borrowers’ intention to repay and ability to repay, with the ultimate objectives of increasing Corporate Social Responsibility customer satisfaction and maximizing stakeholder ▪ Significant spends are made towards CSR returns ▪ CSR objectives are tailored towards improving education, healthcare and livelihood ▪ Right implementation partners are onboarded, and a strong monitoring mechanism is in place to ensure proper utilisation of funds Investor Presentation | Q1FY27 | Five Star Business Finance Limited Social Impact Indicators Branch Presence 0% 2% 8% Tier1 Significant branch presence in Tier 3 to Tier 6 towns Tier2 16% Tier3 48% Customers ignored by banks / larger FIs Tier4 Tier5 ▪ Low-income borrowers ▪ Customers with strong incomes from everyday services but Tier6 lacking the documentary evidence of such incomes 26% ▪ Fully Collateralized loan Tier 6 – Population < 50K; Tier 5 – Population 50K – 1L; Tier4 – Population 1L – 2L; Tier 3 – Population 2L – 10L; Tier 2 – Population 10L – 50L; Tier 1 – Population > 50L Lending for Business Purposes ▪ Predominant portion of lending towards business purposes (income generation) ▪ Displace unorganized institutions (money lenders) – First time borrowers to formal lending ▪ USD 20 Mn raised from Swedfund, to provide funding to small business owners Sustainable Finance ▪ USD 60 Mn raised from International Finance Corporation, to provide funding to micro- entrepreneurs and self-employed individuals with women being the primary ▪ The Company has raised funds from domestic DFIs and multi- borrowers ▪ USD 100 Mn raised from Asian Development Bank, to provide funding to lower- lateral agencies to support women borrowers, facilitate social income group women borrowers impact, etc ▪ Availed refinance from NABARD and SIDBI for funding provided to small business owners Investor Presentation | Q1FY27 | Five Star Business Finance Limited Governance Framework Strong Governance Framework Board of Directors • High Independent 1 4 1 1 Director representation Promoter Director Independent Directors Executive Director Non-Executive Director (including 1 Woman • Independent Directors Director) with diverse experience • High level of Risk Nomination & Stakeholder Customer Business & Independent Director Board Audit IT Strategy CSR Management Remuneration Relationship Service Resource participation in Committees Committee Committee Committee Committee Committee Committee Committee Committee Committees Chaired by Independent Directors Chaired by Other Directors • Most Board Committees chaired by Independent Directors Management Asset – Liability Credit Grievance Redressal IT Steering Information Security Committees Committee Committee Committee Committee Committee Investor Presentation | Q1FY27 | Five Star Business Finance Limited Distinguished Board Lakshmipathy Deenadayalan Anand Raghavan* T T Srinivasaraghavan Ramkumar Ramamoorthy Chairman & Managing Director Independent Director Independent Director Independent Director Chair – Audit Committee Chair – RMC Chair – IT Strategy Committee Rajeshwari S Sreeram Iyer** Thirulokchand Vasan Srikanth Gopalakrishnan Independent Director Independent Director Non-Executive Director Joint MD & CFO * Will cease to be a Director upon completion of 10-year term w.e.f July 27, 2026 Investor Presentation | Q1FY27 | Five Star Business Finance Limited ** Appointed as Additional Director w.e.f July 25, 2026 Strong Management Team Lakshmipathy D Srikanth G Vishnuram J Parthasarathy S Ramesh Kannah Managing Director JMD & CFO Chief Operating Officer Chief Credit Officer Chief Legal Officer Vijayaraghavan Vanamali Sridharan Prashanth S Sai Suryanarayana Jayaraman S Chief Compliance Officer Chief Technology Officer Chief - Treasury & IR Chief People Officer Chief Risk Officer Investor Presentation | Q1FY27 | Five Star Business Finance Limited Strong Management Team Murali Krishnan Seshathri S M Daniel Wilson Umar Farooq Sridharan Vembu Head – Business & Collections Head – Credit Head – Operations Head – Legal Head – Technology Delivery Sreenivas K Arun Kumar K Shylasree P Vinay Kumar C Head – Finance Head – Accounts Head – Administration Head – Internal Audit Vignesh Kumar S M Srikanth Menon Company Secretary Head - Compliance Investor Presentation | Q1FY27 | Five Star Business Finance Limited 10-Year Financial Snapshot Particulars (₹ Mn) FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Number of branches 103 130 173 252 262 299 373 520 748 844 Loan disbursals 3,830 7,072 14,822 24,087 12,450 17,562 33,914 48,814 49,697 46,757 AUM 4,936 10,084 21,128 38,922 44,454 50,671 69,148 96,406 118,770 132,246 Number of employees 737 1,290 1,971 3,734 3,938 5,675 7,347 9,327 11,934 14,159 Financial Information (₹ Mn) I-GAAP I-GAAP IND-AS IND-AS IND-AS IND-AS IND-AS IND-AS IND-AS IND-AS Total Income 871 2,082 4,089 7,873 10,513 12,562 15,289 21,951 28,660 32,460 Interest expenses 238 578 769 2,156 3,261 2,984 2,636 4,653 6,635 7,372 Net Interest Income (NII) 633 1,504 3,320 5,717 7,252 9,578 12,653 17,298 22,025 25,088 Operating Expenses 293 625 1,060 1,731 2,136 3,081 4,405 5,585 6,830 8,297 Loan losses & Provisions 28 93 76 493 352 455 201 554 890 2,163 Profit Before Tax (PBT) 312 786 2,184 3,493 4,764 6,042 8,047 11,159 14,306 14,628 Profit After Tax (PAT) 196 558 1,567 2,620 3,589 4,535 6,035 8,359 10,725 10,988 Ratios I-GAAP I-GAAP IND-AS IND-AS IND-AS IND-AS IND-AS IND-AS IND-AS IND-AS Cost to Income (including credit cost) 50.79% 47.74% 34.22% 38.90% 34.31% 36.92% 36.40% 35.49% 35.05% 41.82% Cost to Income (ex-credit cost) 46.31% 41.54% 31.94% 30.06% 29.28% 32.17% 34.82% 32.29% 31.01% 33.21% Return on Average AUM 6.47% 7.97% 10.42% 9.12% 8.99% 9.67% 10.42% 10.18% 9.96% 8.68% Return on Equity 12.40% 12.97% 15.14% 15.36% 16.85% 13.85% 15.03% 17.60% 18.68% 16.06% Gross Stage 3 assets 2.47% 1.43% 0.89% 1.37% 1.02% 1.05% 1.36% 1.38% 1.79% 3.37% Net Stage 3 assets 2.08% 0.95% 0.68% 1.13% 0.84% 0.68% 0.69% 0.63% 0.88% 2.00% Provision Coverage Ratio - overall AUM 0.79% 0.97% 0.80% 1.58% 1.95% 2.03% 1.61% 1.64% 1.63% 1.84% Provision Coverage Ratio - Stage 3 16.24% 33.89% 22.99% 17.67% 17.92% 34.91% 49.33% 54.27% 51.31% 41.40% CRAR 43.78% 58.82% 64.09% 52.94% 58.86% 75.20% 67.17% 50.50% 50.10% 51.89% Debt / Equity ratio 2.04 0.92 0.70 1.22 1.48 0.69 0.98 1.22 1.26 1.11 Investor Presentation | Q1FY27 | Five Star Business Finance Limited Loan Book & Disbursements Loan Disbursement – Last 5 qtrs. (₹Mn) Loan Disbursement – Last 5 years (₹Mn) 14,964 48,814 49,697 46,757 12,901 11,959 12,133 9,764 33,914 17,562 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY22 FY23 FY24 FY25 FY26 Loan Portfolio – Last 5 qtrs. (₹Mn) Loan Portfolio – Last 5 years (₹Mn) 1,37,218 1,28,471 1,29,641 1,32,246 1,32,246 1,24,578 1,18,770 96,406 69,148 50,671 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 FY22 FY23 FY24 FY25 FY26 Y-o-Y Growth – 10% Q-o-Q Growth – 4% Last 5-year CAGR ~24% Investor Presentation | Q1FY27 | Five Star Business Finance Limited Financial Highlights Total Income – Last 5 qtrs. (₹Mn) Net Interest Income – Last 5 qtrs. (₹Mn) 8,387 6,672 6,447 6,265 6,337 8,261 6,039 8,222 8,065 7,912 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Profit Before Tax – Last 5 qtrs. (₹Mn) Profit After Tax – Last 5 qtrs. (₹Mn) 2,861 3,819 2,770 3,688 2,663 2,693 2,714 3,620 3,550 3,571 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Net interest income = Total Income less Interest expenses Investor Presentation | Q1FY27 | Five Star Business Finance Limited Competitive Spreads Portfolio Yield Cost of borrowing Spread 14.00% 23.51% 24.23% 24.27% 24.05% 24.03% 23.20% 23.01% 13.00% 22.58% 22.46% 23.10% 12.00% 10.51% 10.12% 11.00% 9.54% 9.27% 9.12% 9.71% 9.64% 8.95% 9.21% 10.00% 8.80% 9.00% 8.00% FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 14.56% 14.39% 14.11% 13.89% 13.97% 13.93% 13.89% 13.63% 13.66% 13.54% FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Investor Presentation | Q1FY27 | Five Star Business Finance Limited Well-Diversified Portfolio Low Concentration risk Diversified across ticket size bands 3% 1% 2% 9% 27% 20% 36% Jun’26 Mar’26 Jun’25 19% Up to 3L 27% 28% 31% 3-5L 51% 52% 53% 51% >5L 22% 20% 16% 5% Focus on building a diversified 28% portfolio across ticket sizes AP TN KA TS MP MH OTH <=3L 3-5L 5-10L >10L Focus on Tier 3 to Tier 6 towns Sizeable Vintage Portfolio 3% 1% 7% Tier 3 to Tier 6 are the primary 14% catchment areas 15% 34% 47% 30% 49% Tier 1 & 2 Tier 3 Tier 4 Tier 5 Tier 6 <1Y 1-3Y 3-5Y >5Y Investor Presentation | Q1FY27 | Five Star Business Finance Limited Asset Quality Indicators Gross NPA (%) Net NPA (%) 5.00 3.00 4.50 2.50 4.00 3.50 2.00 3.00 2.50 1.50 2.00 3.18 3.37 3.46 1.94 2.00 2.10 1.00 1.50 2.64 2.46 1.46 1.25 1.00 0.50 0.50 - - Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 PCR on GNPA (%) PCR on Overall AUM (%) 60.00 55.00 50.02 50.00 45.19 45.00 41.40 1.94 1.83 1.84 39.84 1.89 40.14 1.78 40.00 35.00 30.00 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Investor Presentation | Q1FY27 | Five Star Business Finance Limited Asset Quality Indicators 1+ DPD (%) 30+ DPD (%) Stage 2 POS Stage 3 POS 18.33 18.23 12.81% 12.69% 12.38% 12.17% 11.31% 17.56 2.64 3.18 3.37 3.46 17.31 2.46 16.70 8.85 9.53 9.63 9.31 8.92 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Slippage Ratio (%) Credit Cost to Average AUM (%) 1.09 1.88 1.85 1.76 1.58 1.60 0.81 0.67 0.70 0.70 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Computed as increase in GNPA + write offs for the quarter as a % of quarter opening Standard assets (not annualised) Investor Presentation | Q1FY27 | Five Star Business Finance Limited ECL Provisioning As of June 30, 2026 (₹Mn) Stage 1 Stage 2 Stage 3 Total Loans Outstanding (Gross) 1,20,223 12,243 4,752 1,37,218 ECL Provision 162 373 1,907 2,443 Loans Outstanding (Net) 1,20,061 11,870 2,845 1,34,776 ECL Provision % 0.14% 3.05% 40.14% 1.78% As of Mar 31, 2026 (₹Mn) Stage 1 Stage 2 Stage 3 Total Loans Outstanding (Gross) 115,468 12,317 4,461 132,246 ECL Provision 158 427 1,847 2,432 Loans Outstanding (Net) 115,310 11,890 2,614 129,814 ECL Provision % 0.14% 3.46% 41.40% 1.84% As of June 30, 2025 (₹Mn) Stage 1 Stage 2 Stage 3 Total Loans Outstanding (Gross) 110,487 11,021 3,070 124,578 ECL Provision 319 557 1,536 2,411 Loans Outstanding (Net) 110,168 10,464 1,535 122,167 ECL Provision % 0.29% 5.05% 50.02% 1.94% Investor Presentation | Q1FY27 | Five Star Business Finance Limited Liability Franchise 1% 1% 1% 1% 1% 1% 1% 6% 7% 14% 18% 20% 17% 15% 20% 19% 17% 15% Long Term Credit Rating 12% 10% 10% 12% 11% 10% 9% 10% 7% ICRA AA - Stable 11% 17% 10% 17% 14% 14% 12% 14% 15% CARE AA - Positive India Ratings AA - Positive 62% 60% 56% 56% 58% 55% 57% 53% 57% Short Term Credit Rating CARE A1+ Jun'24 Sep'24 Dec'24 Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Bank Term Loans TL from Indian DFIs / Others NCD Securitisation ECB International Finance Corporation | Asian Kotak Mahindra Bank | IndusInd Bank | Development Bank | Swedfund | State Bank of India | Bank of Baroda | DBS Bank | Axis Bank | Deutsche Bank | Select PSU Select Private Select Other NABARD | SIDBI | Kotak MF | Nippon MF | Union Bank of India | Indian Bank | Bank ICICI Bank | HSBC | Yes Bank | Bandhan lenders bank lenders Institutions HDFC MF | HSBC MF | Royal Sundaram of Maharashtra Bank | Federal Bank | CSB Bank | GI | Bajaj Finance | Sundaram Finance | JP Morgan Chase L&T Finance Investor Presentation | Q1FY27 | Five Star Business Finance Limited Liability Franchise Cost of incremental borrowing Lender type (% of borrowing o/s) Incremental Borrowings (₹ Mn) Cost of incremental borrowings 7 6 6 5 5 7 7 7 13 11 11 11 10 13 10 8.56% 4 4 6 5 5 8.53% 8.59% 8.33% 8.19% 64 68 69 64 67 10,680 9,283 4,500 4,600 4,500 6.00% Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Banks NBFC Domestic DFI Multilat DFI Mutual Fund Others Book COF – Last 5 years Book COF – Last 5 quarters About 130 bps drop in book COF over the last 5 years About 75 bps drop in book COF over the last 4 qtrs 10.51% 10.12% 9.71% 9.64% 9.54% 9.21% 9.27% 9.12% 8.95% 8.80% FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Proportion of borrowings from banks based on holdings as of the respective quarter-end Investor Presentation | Q1FY27 | Five Star Business Finance Limited Strong Liquidity & ALM Amount in ₹ Mn Liquidity buffer as of June 2026 Unencumbered cash & cash equivalents 18,472 Unavailed sanction from banks / FIs 4,500 Total Liquidity 22,972 Projected Cashflow Schedule (₹Mn) Q2FY27 Q3FY27 Q4FY27 Q1FY28 Opening Liquidity 22,972 23,934 23,080 24,780 Add: Principal collections & internal accruals 6,862 6,786 7,341 7,505 Less: Debt repayments 5,901 7,640 5,641 6,731 Closing Liquidity 23,934 23,080 24,780 25,554 Particulars (₹Mn) Up to 1M 1-2 M 2-3 M 3-6 M 6M – 1Y 1-3 Y 3-5 Y >5 Y Opening Liquidity 19,892 18,059 18,377 17,263 15,149 14,798 25,235 57,185 Add: Inflows from advances 1,654 1,711 1,715 5,473 12,080 47,742 45,577 19,357 Less: Outflows on borrowings 1,791 1,381 2,729 7,640 12,372 36,903 13,642 1,871 Add: Other inflows 81 74 92 246 116 271 187 5,279 Less: Other outflows 1,777 87 193 193 176 672 172 79,949 Cumulative mismatch 18,059 18,377 17,263 15,149 14,798 25,235 57,185 - No Cumulative mismatch in any of the time buckets Investor Presentation | Q1FY27 | Five Star Business Finance Limited Balance Sheet Particulars (₹ Mn) Q1FY2027 Q4FY2026 Q1FY2026 Assets Cash & Cash equivalents 15,965 16,179 14,726 Bank balances other than cash & cash equivalents 935 5,311 4,439 Loans 134,809 129,848 122,198 - Loan portfolio 137,218 132,246 124,578 - Inter-Corporate Deposits 33 33 31 - Expected Credit Loss (2,443) (2,432) (2,411) Investments 2,311 2,271 2,159 Other financial assets 1,342 1,408 872 Non-Financial Assets 2,948 2,882 2,902 Total Assets 158,309 157,898 147,296 Liabilities & Equity Trade Payables 383 318 273 Debt Securities 5,539 7,832 7,763 Borrowings other than Debt Securities 73,121 74,172 70,955 Other Financial Liabilities 1,622 1,059 1,484 Non-Financial Liabilities 1,110 715 1,079 Total Equity 76,534 73,802 65,742 Total Liabilities & Equity 158,309 157,898 147,296 Investor Presentation | Q1FY27 | Five Star Business Finance Limited Profit and Loss Statement Particulars (₹ Mn) Q1FY2027 Q4FY2026 Q1FY2026 Y-o-Y Q-o-Q FY2026 FY2025 Y-o-Y Loan Portfolio 137,218 132,246 124,578 10% 4% 132,246 118,770 11% Interest Income (1) 8,096 7,975 7,655 6% 2% 31,347 27,674 13% - Interest on loan portfolio 7,539 7,369 7,137 6% 2% 29,243 25,871 12% - Income other than interest on loan portfolio 557 606 518 8% -8% 2,103 1,803 17% Net Gain on Fair value changes (2) 78 74 124 -37% 5% 425 494 -14% Fee & Other income (3) 213 212 133 60% 0% 688 492 40% Total Income (1+2+3) 8,387 8,261 7,912 6% 2% 32,460 28,660 13% Interest Expenses 1,715 1,814 1,873 -8% -5% 7,372 6,680 10% Net Interest Income 6,672 6,447 6,039 10% 3% 25,088 21,980 14% Operating Expenses 2,435 2,271 2,011 21% 7% 8,297 6,785 22% Pre-provision Operating Profit (PPOP) 4,237 4,176 4,028 5% 1% 16,791 15,195 10% Credit Cost 618 604 478 29% 2% 2,163 890 143% Profit before Tax (PBT) 3,620 3,571 3,550 2% 1% 14,628 14,306 2% Profit after Tax (PAT) 2,714 2,693 2,663 2% 1% 10,988 10,725 2% Earnings Per Share (Basic) 9.19 9.14 9.04 37.31 36.61 Earnings Per Share (Diluted) 9.18 9.16 9.02 37.25 36.50 Book value per Share 256.14 249.89 219.93 Income other than interest on loan portfolio includes penal charges, interest on deposits and other investments, processing fee and other fee income Operating Expenses is the sum of Employee Benefits Expenses, Depreciation and Amortization, Interest on lease liability and other expenses for the relevant period Investor Presentation | Q1FY27 | Five Star Business Finance Limited Financial Ratios Particulars Q1FY2027 Q4FY2026 Q1FY2026 FY2026 FY2025 Interest Income (as a % of average loan portfolio) 22.46% 22.58% 23.51% 23.10% 24.03% Interest Expenses (as a % of average borrowings) 8.80% 8.95% 9.54% 9.21% 9.64% Net Interest Income % 13.66% 13.63% 13.97% 13.89% 14.39% Total Income (as a % of average loan portfolio) 25.06% 25.67% 26.14% 25.64% 26.63% Interest Expense (as a % of average loan portfolio) 5.09% 5.59% 6.14% 5.78% 6.16% Net Interest Margin % 19.97% 20.07% 19.99% 19.86% 20.46% Operating Expenses (as a % of average loan portfolio) 7.31% 7.10% 6.69% 6.60% 6.34% Loan losses & Provisions (as a % of average loan portfolio) 1.85% 1.88% 1.58% 1.71% 0.83% Profit before Tax (PBT) % 10.82% 11.09% 11.73% 11.55% 13.29% Tax % 2.71% 2.72% 2.93% 2.87% 3.33% Profit after Tax (PAT) or Return on average loan portfolio 8.11% 8.37% 8.80% 8.68% 9.96% Debt / Equity 1.03 1.11 1.20 1.11 1.26 Leverage (Total assets / Net worth) 2.07 2.14 2.24 2.14 2.29 Return on Equity 14.46% 15.09% 16.57% 16.06% 18.68% Operating cost to income ratio 36.62% 35.36% 33.45% 33.21% 31.01% Credit cost to income ratio 9.24% 9.35% 7.92% 8.60% 4.04% Total Cost to income ratio 45.86% 44.71% 41.34% 41.82% 35.05% Investor Presentation | Q1FY27 | Five Star Business Finance Limited Glossary Terms Explanation Loan Portfolio or AUM (Assets Under Management) represents the aggregate of current principal outstanding and overdue principal outstanding, if any, for all loan assets under Loan Portfolio or AUM management which includes loan assets held or securitised by the Company as of the last day of the relevant year or Period NIM / Net Interest Margin Net Interest Income / Average AUM Net Interest Income represents interest income on term loans minus Interest on borrowings, Net Interest Income Interest on debt securities and other interest expense for the relevant year or Period Average AUM Represents the monthly average of AUM for the relevant year or Period Gross NPA or Gross Stage 3 assets represents loans which are more than 90 days past due (till the quarter ended Sep 2022); for the quarters post Sep 2022, this has been computed as per guidelines stipulated by RBI vide their circulars on Prudential Norms on Income Gross NPA / Gross Stage 3 Assets recognition and Asset classification dated Nov 12, 2021 and Feb 15, 2022 (wherein implementation of upgradation norms were deferred to October 1, 2022) i.e loans that have crossed 90 days past due any time since October 1, 2022 and not cleared their arrears fully. This is expressed as a percentage of AUM Gross Stage 3 assets reduced by Stage 3 ECL as a percentage of AUM reduced by Stage 3 Net NPA / Net Stage 3 Assets ECL Investor Presentation | Q1FY27 | Five Star Business Finance Limited For further information, you may please contact: Thank You Mr. Prashanth Sreenivasan – Chief – Treasury & Investor Relations prashanth@fivestargroup.in Mr. Srikanth Gopalakrishnan – JMD & Chief Financial Officer srikanth@fivestargroup.in Investor Relations – Five Star ir@fivestargroup.in