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150 Years of Dedicated Service to the Nation INVESTOR PRESENTATION Q1 FY27 BSE The Power of Vibrance
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The Power of Vibrance This presentation and the discussion may contain certain words or phrases that are forward - looking statements, which are tentative, based on current expectations of the management of BSE Limited or any of its subsidiaries and associate companies (“BSE”). Actual results may vary significantly from the forward-looking statements contained in this presentations due to various risks and uncertainties. These risks and uncertainties include competitive landscape, stakeholders' preferences, effect of economic and political conditions in India and outside India, volatility in interest rates and in the securities market, new regulations and Government policies that may impact the businesses of BSE as well as the ability to implement its strategy. The information contained herein is as of the date referenced and BSE does not undertake any obligation to update these statements. BSE has obtained all market data and other information from sources believed to be reliable or are its internal estimates, although its accuracy or completeness cannot be guaranteed. Competition numbers are based on published results and management analysis. For the purpose of comparison, following stock exchanges are considered – National Stock Exchange of India Limited, Metropolitan Stock Exchange of India Limited, NSE IFSC Limited, Indian Commodity Exchange Limited, Multi Commodity Exchange of India Ltd and MF Utilities India Pvt Ltd. The presentation relating to financial performance herein is reclassified/regrouped based on Management estimates and may not directly correspond to published data. The numbers have also been rounded off in the interest of easier understanding. Prior period figures have been regrouped/reclassified wherever necessary. All information in this presentation has been prepared solely by the company and has not been independently verified by anyone else. This presentation is for information purposes only and does not constitute an offer or recommendation to buy or sell any securities of BSE. Any action taken by you on the basis of the information contained herein is your responsibility alone and BSE or its directors or employees will not be liable in any manner for the consequences of such action taken by you. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. Disclaimer 2
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RAP' 0 A Index About BSE1. Business Key Growth Drivers & Other Initiatives Financial Highlights & Investor Information 2. 4. 3. 3
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BSEw The Power of Vibrance Name Bio Name Bio Justice (Retired) Shiavax Jal Vazifdar Public Interest Director On BSE Board since 2022 ◼Retired Chief Justice of the Punjab & Haryana High Court ◼Practiced as advocate in the Bombay High Court ◼Appointed Additional Judge of High Court in 2001 Shri Sundararaman Ramamurthy Managing Director & CEO Took charge in Jan 2023 ◼Diverse experience of 40+ years in Indian capital market and banking sectors ◼Prior to joining BSE, he was the MD & COO in Indian arm of Bank of America ◼Senior member of NSE since its inception, where he was responsible for significant transformation of the Indian capital markets for over 20 years About BSE – Board & Management Team Board of Directors 4 Prof. Subhasis Chaudhuri Chairman (Public Interest Director) On BSE Board since 2022 ◼Former Director of IIT Bombay and K.N. Bajaj Chair Professor, Dept. of Electrical Engineering ◼He has 110 journal publications and over 240 conference presentations, has authored 7 monographs and 13 National/International Patents Shri Gopalan S Raghavan Executive Director – Vertical 2 Took charge in June 2026 ◼30+ years in India’s capital markets and financial infrastructure ◼Former NSDL Executive Director and member of SEBI’s founding team. ◼Board-level leader with experience across BSE, MCX, and key market institutions. Dr. Padmini Srinivasan Public Interest Director On BSE Board since 2023 ◼Faculty in the Finance and Accounting Area at the IIM, Bangalore (IIMB) ◼Chairperson Centre for Corporate Governance and Citizenship. ◼PhD from the National Law School of India, Fellow member of the ICAI, and an Associate Member of the ICSI
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BSEw The Power of Vibrance About BSE – Board & Management Team Board of Directors 5 Shri Jagannath Mukkavilli Non-Independent Director On BSE Board since 2024 ◼Former Managing Director of Life Insurance Corporation of India ◼Under his stewardship, the South-Central Zone Zone scripted newer heights in New Business growth ◼Previously served as MD & CEO of LIC (Lanka) Ltd., Colombo, Sri Lanka between 2009 and 2013 Shri Shamanna Balasubramanya Public Interest Director On BSE Board since 2025 ◼Over 38 years of international experience with expertise in solution implementation and management across ◼BE in Mechanical Engineering from University of Mysore and Master of Technology in Industrial Management from IIT Madras ◼Previously worked with Tata Consultancy Services Limited and PSI Data Systems Name Bio Name Bio Shri Rajiv Bansal Public Interest Director On BSE Board since 2025 ◼Former Secretary, Ministry of Civil Aviation, with a distinguished career in key government ministries and regulatory bodies, including roles in Petroleum, IT, Energy, and Heavy Industries ◼Led major initiatives in M&A, disinvestment, digital transformation, and public sector reforms; ◼Served as CMD of Air India and held board positions in top PSEs like ONGC, GAIL, and BHEL. Dr. Santanu Paul Public Interest Director On BSE Board since Jan 2026 ◼Founding CEO of the digital upskilling platform TalentSprint between 2009 and 2024. ◼Currently serves on the Board of various companies in diverse sectors such as financial services and design systems ◼Dr. Paul earned his B.Tech. from IIT Madras and Ph.D. in Computer Science from the University of Michigan
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of VibranceThe Power b 1111111110 1111111111* Name Designation About BSE – Board & Management Team Key Management Personnel 6 • Managing Director & CEOShri Sundararaman Ramamurthy • Chief-Special DutyMs. Kamala K • Chief Business OfficerShri Sunil Ramrakhiani • Chief Technology OfficerShri Viral Davda • Head Trading OperationsShri Ketan Jantre • Head LegalShri Shailesh Jain • Chief Information Security OfficerShri Ramesh Gurram • Chief-Product, Policy & StrategyShri Rudresh Kunde Name Designation • Executive Director – Vertical 2*Shri Gopalan S Raghavan • Chief Regulatory OfficerMs. Geetha Gangadharan • Chief Financial OfficerShri Deepak Goel • Chief Risk OfficerShri Sanjay Jain • Company SecretaryShri Vishal Bhat • Head Listing & SMESmt. Radha Kirthivasan • Chief of Staff and HR StrategyDr. Vivek Jain *Vertical 2 (Regulatory, Compliance, Risk Management & Investor Grievances)
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BSE° The Power of Vibrance O • O • • • • • 00 Ctf About BSE Business – Overview BSE at a Glance Market Capitalization of BSE Listed Companies USD 5.01 Tn Registered Investors 255 Mn+ Rs. 99,553 Mn Equity Cash ADTV Members Registered 1,283 Mutual Funds Registered 50 Mutual Funds Orders 234.4 Mn Cities covered 721 Mutual Fund Distributors 84,150 EQD - Highest Single Day T/o Mutual Fund Order Value Rs. 949 Tn Rs. 2.96 Tn EQD – Total Contracts Traded 9.34 Bn EQD Average Daily Turnover Rs. 237 Tn Funds Mobilized Rs. 6.24 Tn Consolidated EPS – Q1 FY27 Cons. Net Worth – Q1 FY27 Cons. Revenue – Q1 FY27 Rs. 17,068 Mn Cons. EBITDA – Q1 FY27 Cons. Net Margin – Q1 FY27 Rs. 11,867 Mn 51%Rs. 21.22 Rs. 75,468 Mn Note: Data is for the period April 26 to June 26 7
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MEM Mal MEI MEI I The Power of Vibrance About BSE Business – Overview BSE Group 8 BSE Group India International Clearing Corporation (IFSC) Limited - 60.53% India International Bullion Holding IFSC Limited^ - 10% India International Exchange (IFSC) Limited – 65.27% India INX Global Access IFSC Limited – 100% India International Bullion Holding IFSC Limited^ - 10% BSE Technologies Private Limited - 100% Countrywide Commodity Repository Limited* - 24% EBIX Insurance Broking Private Limited – 40% Hindustan Power Exchange Limited – 22.62% Open Network for Digital Commerce – 4.63% BSE E-Agricultural Markets Limited – 26.09% BIL Ryerson Technology Startups Incubator Foundation – 51% BIL Ryerson Futures Private Limited – 10.43% BSE CSR Integrated Foundation – 100% Central Depository Services (India) Limited – 15% BSE Index Services Private Limited – 100% BSE Clearing Limited– 100% BFSI Sector Skill Council of India – 48.78% ^India International Bullion Exchange IFSC Limited is a wholly owned subsidiary of India International Bullion Holding IFSC Limited *Countrywide Commodity Repository Limited is a Group companies of CDSL BSE Investments Limited and BSE Administration & Supervision Limited got merged into BSE Technologies Private Limited with effect from April 23, 2026 Holding as on June 2026
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BeSr of Vibrance F The Pow Trading & Clearing Distribution Services to Corporates Other Services • Equity • Debt • Equity Derivatives • Currency Derivatives • Commodity Derivatives • SME & Startups • Interest Rate Futures • Spot Markets • Mutual Funds • Book-building services for IPO • Offer to Buy • Offer for Sell • New Bond platform • Insurance • Equity Listing • Listing of Debt Securities • ETF Listing • Listing of Commercial Papers • Social Stock Exchange • Co-Location Services • Data feed • Index Services • Software Services About BSE Business – Overview Diversified Lines of Business .. 9
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BSE The Power of Vibrance illistww VI= About BSE Business – Overview ..Reflected in Revenue Stream 10 13,277 1,007 400 977 1,352 55 13,110 1,188 403 935 617 50 7,375 1,054 454 697 791 74 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Transaction Charges Listing Services Treasury Income on C&S Funds Other Operating Income Investment Income Other Income Consolidated (₹ Mn) Jun'26 Mar’26 Jun'25 12,939 1,004 797 1,182 93 12,728 1,187 765 1,068 85 7,142 1,054 536 654 99 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Transaction Charges Listing Services Other Operating Income Investment Income Other Income Standalone (₹ Mn) Jun'26 Mar’26 Jun'25
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qEw of 0 Index About BSE1. Business Key Growth Drivers & Other Initiatives Financial Highlights & Investor Information 2. 4. 3. 11
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BSE• The Power of Vibrance I I I I 1 • • I Business – Segment Update Equity Cash - Performance 12 26,757 41,971 53,961 41,320 66,221 77,666 79,500 71,801 99,553 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Average Daily Turnover (₹ million) 467 616 891 705 1,190 1,394 1,451 324 446 211 390 1,130 820 1,405 1,624 1,044 224 208 678 1,006 2,021 1,525 2,595 3,018 2,495 548 654 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Transaction Charges Income (₹ million) Normal Rate Special Rate Total
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PE` of T r • • IP 7 • • Till 111 i ( I w if' Business – Segment Update Equity Derivatives - Performance 13 BSE is expanding its monthly derivatives suite with the launch of derivatives on the BSE Focused IT Index on 11 th May 2026 468 7,684 25,507 46,301 71,617 82,034 87,584 1,17,827 1,50,838 1,50,045 1,94,591 2,89,207 2,96,154 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 AD Premium T/o (₹ million) 2 48 576 1,137 2,422 3,456 3,530 4,748 5,980 6,242 7,842 11,279 11,550 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Total Revenue (₹ million) 0.62 14 46 70 98 128 105 112 131 164 210 245 237 0.98 20 68 94 126 153 128 83 82 100 125 151 156 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Avg Daily Notional T/o (in Rs. Tn) Average Daily Lots (Mn) 200 306 365 391 422 453 479 505 528 550 567 586 600 0.1 0.6 1.7 3.1 4.4 5.6 6.2 7.1 7.9 8.7 9.5 10.4 11.2 0 100 200 300 400 500 600 700 0.0 2.0 4.0 6.0 8.0 10.0 12.0 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Members UCC (Mn)
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AM 1111•111 293 Million Registered Investors Mutual Funds Registered Schemes Available Network of Distributors Cities/towns covered 50 72184,150 Data as on Jun 26 15,504 Business – Segment Update BSE StAR Mutual Fund Platform – Pan-India Reach & Coverage 14
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BSEw The Power of Vibrance 1 I I W' W I I I I • 1 447 341 504 786 1,281 2,307 2,852 612 733 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Mutual Fund Revenue (₹ million) 57 94 185 265 411 663 841 183 234 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Number of Orders (million) Business – Segment Update BSE StAR Mutual Fund Platform – Performance 15 28% 20%
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BSEw The Power of Vibrance ir - II I C ■ Business – Segment Update Listing Services - Performance 16 1,580 1,520 1,559 1,688 1,928 2,243 2,415 572 630 300 335 643 640 865 1,279 1,396 255 251 1,880 1,855 2,202 2,328 2,793 3,522 3,811 827 881 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Listing Related Income (₹ million) Annual Listing Fee Listing processing and Other Listing fees Total 182 345 560 447 476 954 1,040 190 101 58 55 98 129 226 408 338 36 23 240 400 658 576 702 1,362 1,378 226 124 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Book Building & Other Services (₹ million) Book Building Fees Other Services Fees Total 30 13 33 63 58 78 146 12 24 3 1 4 10 15 27 62 4 9 - 10 20 30 40 50 60 70 0 20 40 60 80 100 120 140 160 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 SME Listings SME IPO No. of IPO SME IPO Fund Raised (Rs Bn) 14 29 51 39 76 79 109 9 8 206 306 1,114 532 619 1,625 1,771 139 47 - 200 400 600 800 1,00 0 1,20 0 1,40 0 1,60 0 1,80 0 2,00 0 - 20 40 60 80 100 120 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Q1 FY26 Q1 FY27 Main board Listings Mainboard IPO No. of IPOs Mainboard IPO Fund Raised (Rs Bn)
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BSEw The Power of Vibrance I I libilidiill 1111111 • • JIIIIIiIllIl I Business – Segment Update BSE Clearing Limited (BSECL) 17 BSECL, a wholly-owned subsidiary of BSE Ltd., was established in 2007. Recognized by Securities and Exchange Board of India (SEBI) under the Securities Contracts Regulations (2018), BSECL serves as the clearing corporation for BSE, managing Collateral, Risk Management, Clearing, and Settlement functions. Quantitative Reforms Upgraded Real- Time Risk Management System for Equity & Derivatives Trades/Second per member per client improved: 9x (3,000 → 27,000), enabling faster trade processing Daily Trade capacity scaled: Equity: 2 Cr → 10 Cr & Derivatives: 4 Cr → 9 Cr Focus on Quality ISO 22301 (Business Continuity) & ISO 27001 (Information Security) AAA credit ratings (India Ratings & Care Ratings) Upgrading Enterprise Risk Management (ERM) for unified risk oversight Member-Centric Approach Engaged 160+ members to strengthen ecosystem Conducted webinars for operational ease & inclusive growth 998 2,319 2,854 2,819 2,369 2,918 2,843 2,541 2,751 3,305 3,364 3,171 3,942 3,867 3,907 2,284 3,921 4,808 4,653 3,991 4,309 4,655 3,930 3,988 5,024 5,224 5,676 4,708 4,336 4,027 0 100 0 200 0 300 0 400 0 500 0 600 0 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Monthly Settled Turnover in Rs. Bn EQT EQD 0.19 0.63 1.06 1.20 1.07 1.26 1.34 1.09 1.21 1.49 1.36 1.40 1.35 1.25 1.36 0.0 0 0.2 0 0.4 0 0.6 0 0.8 0 1.0 0 1.2 0 1.4 0 1.6 0 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 EQD - No. of Contracts Settled (in Bn)
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BSEw The Power of Vibrance I i L L L Business – Segment Update BSE Index Services Private Limited 18 BSE Index Services Pvt. Ltd. (formerly Asia Index Pvt. Ltd) is a wholly owned subsidiary of BSE Ltd. Its flagship index, which is also the oldest in India, the SENSEX, is one of the most popular barometers of the Indian economy, reflecting the performance of 30 of the most well established and financially sound companies listed on the exchange Solutions & Offerings ➢ Product offerings: Customized index solutions as well as licensing and subscription of our index data ➢ Other Services: Provide iNAV calculation solution for ETFs ➢ Host of indices: We have 200+ indices across broad, sectoral, thematic, strategic equity indices and fixed income indices ➢ Total AUM: INR 9.78 Lakh Crores tracked by passive products and active benchmarking ➢ Passive products: 103 Passive Products tracking 36 indices with an AUM of INR 2.6 Lakh Crores linked to it Key Highlights ➢ Strategic transition: BISPL became a wholly owned subsidiary w.e.f 1st June 2024 ➢ Client acquisition: Addition of 200+ clients post takeover ➢ Product innovation: Launch of 70+ new indices post acquisition ➢ Sustained growth: 100% increase in Revenue from core Index Operations ➢ Regulatory Compliance: Received authorization for Financial Benchmark Administration from RBI ➢ Awards and Recognition: ‘Index Provider of the Year – India’ in Best of the Best Awards 2026 by Asia Asset Management Distribution of Indices Across Categories Broad Based 56 Indices Sectoral & Industry 52 Indices Thematics 32 Indices Strategy 63 Indices Fixed Income 5 Indices
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BSEw The Power of Vibrance • • • • I ♦ • • • • ♦ ,IM ♦_ Mr INDIA INX INDIA INX – Global Access A well-diversified portfolio of financial services and products to compete internationally Access to 135+ global exchanges and products across the US, Asia-Pacific and Europe, via a single integrated terminal Equity Index Derivatives Equity Stock Derivatives Commodity Derivatives Currency Derivatives Debt Foreign Currency Bonds Masala Bonds Sustainable Bonds Corporate Bonds Sovereign Bonds Colocation Services Real Time Data w.e.f. 3rd February 2025, Monday – Sensex Futures & Options will be available for trading at India INX 100 % subsidiary of India INX, a subsidiary of BSE Ltd Invest in more than 30,000 stocks across 33 countries and more than 80 global portfolios of renowned international portfolio managers with a minimum of $100 Business – Segment Update BSE @ International Financial Hub 19 Month Total Trades Total Contracts Value ($ Mn) Jul-25 3,519 5,021 415 Aug-25 2,919 4,341 353 Sep-25 2,149 3,691 302 Oct-25 2,106 3,678 308 Nov-25 3,630 5,352 454 Dec-25 3,007 4,723 404 Jan-26 2,418 4,287 358 Feb-26 2,327 4,260 355 Mar-26 2,138 4,007 306 Apr-26 2,144 4,134 319 May-26 3,117 5,084 387 Jun-26 9,547 16,187 1,229 Month Companies Total Trades Value ($ Mn) Jul-25 790 23,445 487 Aug-25 677 21,582 429 Sep-25 840 25,088 399 Oct-25 895 29,459 215 Nov-25 581 19,458 228 Dec-25 544 27,306 345 Jan-26 571 25,168 207 Feb-26 665 28,511 259 Mar-26 685 35,656 497 Apr-26 835 46,422 780 May-26 1,523 57,782 572 Jun-26 1,487 56,381 584
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qEw of 0 About BSE1. Business Key Growth Drivers & Other Initiatives Financial Highlights & Investor Information 2. 4. 3. Index 20
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BSEw The Power of Vibrance • • • • / • • 1 Key Growth Drivers & Other Initiatives Key Milestones – The transformation over time 1875 - 2011 2012 - 2015 2016 - 2017 2023 - 2025 • Started as The Native Share & Stockbroker's Association • BSE corporatized • Launch of StAR MF • Launch of SME Platform • Launch of Currency Derivatives • Launch of Interest Rate Derivatives • Launch of New Debt segment • Trading of Sovereign Gold Bonds commenced • Launch of “BSE–BOND”- Electronic Book Mechanism • Launch of India International Exchange (IFSC) Ltd • First listed exchange in India • Launch of Commodity Derivatives • JV with Ebix Inc for insurance broking business • JV with PTC and ICICI Bank to set up a power exchange • Launch of StAR MF mobile application • Launch of “BSE E-Agricultural Markets” • Commencement of Power Trading by HPX • Launch of EGR Segment • Equity Derivatives relaunch - 15th May 2023 • Bankex moves to Monday - 16th October 2023 • Acquisition of 50% stake in AIPL, making it wholly owned subsidiary of BSE • FM Unveils BSE Coin, Logo, Index Commemorating 150 Years of Building Market Trust • W.e.f 04/09/2025 – Sensex: Weekly Expiry (Thursday) & Bankex: Monthly Expiry (Thursday) • 11th Jan 2026 – MoU with Department of Post for distributing Mutual Funds • 22nd April 2026 – Launch of BSE StAR NPS • 11th May 2026 - Launch of BSE Focused IT Derivatives 2026 onwards 2018 - 2022 21
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BSEw The Power of Vibrance • 01 02 03 • Focussed to increase market- share across all segments • Market is growing vastly in terms of number of registered investors and turnover • Increasing disposable household incomes and preference for financial savings – an advantage • Focus on innovation and launch of unique products across segments • Savings in cost and convenience • Strong network of intermediaries • Good network connectivity across country • Increasing household incomes and financial savings • StAR MF Plus - a premium platform for distributors and advisors • Supports Demat & Non-Demat transactions • Purchase/Redeem/SIP/Switch Mutual Funds without filling lengthy forms • Expansion of services from current e-platforms like book-building for IPO, Offer to Buy, Offer for Sell, New Bond platform, etc. • Leadership position in Fund-raising for India Inc. across all segments including Equity, Bonds, Commercial papers etc. Trading Segments Mutual Fund Platform Services Key Growth Drivers & Other Initiatives Key Growth Drivers – Existing Business 22
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qEw of 0 About BSE1. Business Key Growth Drivers & Other Initiatives Financial Highlights & Investor Information 2. 4. 3. Index 23
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BSE" The Power of Vibrance =NEM MEM MINIM MIIMM BSEb BSE ICCL BSE The Power of Vibrance The Power of vibrance 5 T A R M F • • • • • • Transaction Charges ◼ To an extent linked to Market Activity ◼ Linked to market activity levels and household savings and investments Treasury Income on Clearing and Settlement Funds ◼ Linked to Market Activity to an Extent ◼ Linked to interest rates and, to an extent, market activity since that would lead to more margin being deposited by members Other Securities Services ◼ Recurring ◼ Primarily consists of charges recovered from members for network connectivity Listing Services ◼ Recurring ◼ Mostly derived from listing income that is not impacted by market activity ◼ Dependent on number of listed entities and hence is a recurring revenue stream ◼ Potential for increase if amount charged is increased Data Dissemination Fees ◼ Recurring ◼ Impacted primarily due to level of subscriptions and revision in pricing policies ◼ Contributes only 4-5% in India compared to 10-25% in developed markets Income From Investments and Deposits ◼ Recurring ◼ Linked to investment yields Other Income ◼ Recurring ◼ Mostly derived from rent and training institute etc., which are stable sources of income Multiple contact points with members and market participants provides the ability to generate revenue from multiple levels of the business 1 2 3 4 5 6 7 Linked to Market Activity Recurring Primary Trading Clearing & Settlement Distribution Financial Highlights & Investor Information Integrated Business Model 24
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BSEw The Power of Vibrance Financial Highlights & Investor Information Consolidated Profit & Loss (₹ in million) 25 Sr. No. Particulars Jun'26 Mar’26 Jun'25 QoQ YoY FY FY YoY FY Quarter Quarter Quarter 2026 2025 2024 1 Transaction Charges 13,277 13,110 7,375 1% 80% 37,950 20,299 87% 7,089 2 Treasury Income on Clearing and Settlement Funds 400 403 454 -1% -12% 1,714 2,178 -21% 1,840 3 Listing Services 1,007 1,188 1,054 -15% -4% 5,190 4,900 6% 3,497 4 Other Operating Income 977 935 697 5% 40% 3,485 2,197 59% 1,285 5 Revenue From Operations (1+2+3+4) 15,661 15,635 9,580 0.16% 63% 48,340 29,573 63% 13,711 6 Investment Income 1,352 617 791 119% 71% 2,903 2,547 14% 1,971 7 Other Income 55 50 74 11% -26% 239 243 -2% 277 8 Total Income (5+6+7) 17,068 16,302 10,445 5% 63% 51,481 32,363 59% 15,960 9 Employee benefits expenses 871 635 700 37% 24% 2,978 2,366 26% 1,991 10 Technology expenses 608 516 499 18% 22% 2,031 1,643 24% 1,373 11 Regulatory Contribution 1,928 1,997 1,163 -3% 66% 6,497 4,105 58% 2,369 12 Clearing and settlement expenses 903 873 555 3% 63% 2,804 3,481 -19% 1,331 13 Other Expenses 632 1,000 408 -37% 55% 2,473 2,082 19% 1,740 14 Depreciation Expense 426 548 269 -22% 58% 1,590 1,130 41% 949 15 Total Operating Expenses (9+10+11+12+13+14) 5,368 5,569 3,594 -4% 49% 18,373 14,806 24% 9,754
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BSEw The Power of Vibrance Financial Highlights & Investor Information Consolidated Profit & Loss (cont’d) (₹ in million) 26 Sr. No. Particulars Jun'26 Mar’26 Jun'25 QoQ YoY FY FY YoY FY Quarter Quarter Quarter 2026 2025 2024 16 Profit Before Contribution to core settlement guarantee fund (8-15) 11,700 10,733 6,851 9% 71% 33,108 17,557 89% 6,206 17 Contribution to core settlement guarantee fund 259 207 0 25% 770 900 -14% 917 18 Profit Before Tax, Exceptional Items And Share Of Associates (16-17) 11,441 10,526 6,851 9% 67% 32,339 16,657 94% 5,289 19 Exceptional Item – (net of tax of ₹ 391) 0 0 0 0 0 3,675 20 Share of profits From Associates 195 109 163 79% 20% 654 826 -21% 718 21 Tax Expenses 2,910 2,680 1,752 9% 66% 8,238 4,312 91% 1,844 22 Net Profit from continuing operations (18+19+20-21) 8,727 7,956 5,262 10% 66% 24,755 13,171 88% 7,839 23 Profit from discontinued operation 0 0 120 120 53 127% 30 24 Net Profit from total operations (22+23) 8,727 7,956 5,381 10% 62% 24,874 13,224 88% 7,868 25 Net Profit Ex. Excp item & Disc. Ops (24-23-19) 8,727 7,956 5,262 10% 66% 24,755 13,171 88% 4,164 26 Net Profit Attributable To Shareholders 8,740 7,973 5,394 10% 62% 24,970 13,259 88% 7,784 27 Net Profit Attributable To Shareholders (Ex. Excp item & Disc. Ops) 8,740 7,973 5,275 10% 66% 24,850 13,206 88% 4,079 28 Operating EBITDA Including Core SGF 10,460 10,407 6,255 1% 67% 30,787 14,997 105% 3,989 29 Operating EBITDA Margin Including Core SGF (28/5 in %) 67% 67% 65% 64% 51% 29% 30 Operating EBITDA Excluding Core SGF 10,719 10,614 6,255 1% 71% 31,557 15,897 99% 4,907 31 Operating EBITDA Margin Excluding Core SGF (30/5 in %) 68% 68% 65% 65% 54% 36% 32 Net Profit Margin (Continuing Operations) (22/8 in %) 51% 49% 50% 48% 41% 49% 33 Net Profit Margin (Ex. Excp item & Disc. Ops) (25/8 in %) 51% 49% 50% 48% 41% 26%
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BSEw The Power of Vibrance (₹ in million) Financial Highlights & Investor Information Standalone Profit & Loss 27 Sr. No. Particulars Jun'26 Mar’26 Jun'25 QoQ YoY FY FY YoY FY Quarter Quarter Quarter 2026 2025 2024 1 Transaction Charges 12,939 12,728 7,142 2% 81% 36,695 19,499 88% 5,820 2 Listing Services 1,004 1,187 1,054 -15% -5% 5,189 4,885 6% 3,499 3 Other Operating Income 797 765 536 4% 49% 2,811 1,681 67% 891 4 Revenue From Operations (1+2+3) 14,740 14,680 8,732 0.41% 69% 44,695 26,064 71% 10,210 5 Investment Income 1,182 1,068 654 11% 81% 3,311 2,769 20% 2,368 6 Other Income 93 85 99 9% -6% 357 294 21% 341 7 Total Income (4+5+6) 16,015 15,833 9,485 1% 69% 48,363 29,128 66% 12,918 8 Employee benefits expenses 539 396 466 36% 16% 1,919 1,564 23% 1,099 9 Technology expenses 583 516 504 13% 16% 2,016 1,665 21% 1,635 10 Regulatory Contribution 1,927 1,996 1,162 -3% 66% 6,398 4,103 56% 2,362 11 Clearing and settlement expenses 1,178 1,145 707 3% 67% 3,719 3,897 -5% 2,066 12 Other Expenses 438 415 324 6% 35% 1,476 1,342 10% 861 13 Depreciation Expense 359 469 219 -23% 64% 1,353 905 50% 750 14 Total Operating Expenses (8+9+10+11+12+13) 5,024 4,935 3,382 2% 49% 16,881 13,476 25% 8,773
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BSEw The Power of Vibrance (₹ in million) Financial Highlights & Investor Information Standalone Profit & Loss (cont’d) 28 Sr. No. Particulars Jun'26 Mar’26 Jun'25 QoQ YoY FY FY YoY FY Quarter Quarter Quarter 2026 2025 2024 15 Profit Before Contribution to core settlement guarantee fund (7-14) 10,991 10,898 6,103 1% 80% 31,483 15,652 101% 4,145 16 Contribution to core settlement guarantee fund 259 405 0 770 900 -14% 0 17 Profit Before Exceptional Item and Tax (15-16) 10,732 10,493 6,103 2% 76% 30,713 14,752 108% 4,145 18 Exceptional Item 0 0 159 159 0 5,042 19 Tax Expenses - Continuing Operations 2,720 2,502 1,552 9% 75% 7,531 3,627 108% 1,653 20 Tax Expenses - Exceptional Item 0 0 25 21 Net Profit After Tax (17+18-19-20) 8,012 7,991 4,685 0.3% 71% 23,342 11,125 110% 7,534 22 Net Profit After Tax excluding exceptional item & tax on it (17-19) 8,012 7,991 4,551 0.3% 76% 23,183 11,125 108% 2,883 23 Operating EBITDA Including Core SGF 9,816 9,808 5,569 0% 76% 28,398 12,593 126% 2,187 24 Operating EBITDA Margin Including Core SGF (23/4 in %) 67% 67% 64% 64% 48% 32% 21% 25 Operating EBITDA Excluding Core SGF 10,075 10,213 5,569 -1% 81% 29,168 13,493 116% 2,187 26 Operating EBITDA Margin Excluding Core SGF (25/4 in %) 68% 70% 64% 65% 52% 26% 21% 27 Net Profit Margin (21/7 in %) 50% 50% 49% 48% 38% 26% 58% 28 Net Profit Margin (excluding exceptional item) (22/7 in %) 50% 50% 48% 48% 38% 26% 22%
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BSEw The Power of Vibrance L\ r • i i . V r , r r L n n L I s- n r-- ii r r w mr_ N, N-4 n r n n , r , i Illmill6 For im 5,651 7,240 7,424 12,918 29,128 48,363 9,484 16,014 973 1,951 1,669 2,883 11,125 23,342 4,684 8,012 17% 27% 22% 22% 38% 48% 49% 50% 0% 10% 20% 30% 40% 50% 60% - 10,000 20,000 30,000 40,000 50,000 60,000 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Standalone Key Performance Indicators Total Revenue Net Profit Net Margin 6,547 8,635 9,539 15,960 32,363 51,481 10,445 17,068 1,417 2,449 2,057 4,164 13,171 24,755 5,262 8,727 22% 28% 22% 26% 41% 48% 50% 51% 0% 10% 20% 30% 40% 50% 60% - 10,000 20,000 30,000 40,000 50,000 60,000 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Consolidated Key Performance Indicators Total Revenue Net Profit Net Margin Financial Highlights & Investor Information Financial Overview * Net profit & EPS from Continuing operation and excluding Gain from CDSL Stake Sale & BSE Institute Post Bonus issue, earnings per share (EPS) for all periods presented have been adjusted and restated (₹ in million) (₹ in million) * Net profit & EPS from Continuing operation and excluding Gain from CDSL Stake Sale & BSE Institute EPS 3.51 6.17 5.35 9.90 32.18 29 60.61 1,921 3,335 3,359 6,239 17,787 33,928 7,120 11,867 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Consolidated EBITDA (₹ million) 12.80 21.22 2.36 4.73 4.05 7.00 27.00 56.66 10.98 19.45 1,819 3,025 2,866 4,895 15,657 32,066 6,321 11,091 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Standalone EBITDA (₹ million)
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The Power of Vibrance 1 ; #Dividend pay-out ratio is calculated based on Standalone Profit excluding gain on sale of strategic investment Financial Highlights & Investor Information Financial Overview (cont’d) Financial Year Dividend (Including DDT) # (₹ million) Buyback (Incl transactions cost & Tax) -(₹ million) Total (₹ million) 2015-16 937 - 937 2016-17 765 - 765 2017-18 1,733 450 2,183 2018-19 2,255 1,230 3,485 2019-20 1,584 4,762 6,346 2020-21 779 - 779 2021-22 962 - 962 2022-23 1,851 - 1,851 2023-24 1,649 93 1,742 2024-25 2,060 - 2,060 2025-26 3,158 - 3,158 Total 17,733 6,535 24,268 #Dividend Distribution Tax 30 15 28 36 30 17 21 13.50 12 15 23 74% 93% 95% 97% 95% 99% 95% 99% 71% 28% 0% 20% 40% 60% 80% 100% 120% 0 5 10 15 20 25 30 35 40 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Dividend per share* (₹) & Pay-out Ratio Dividend Per Share Dividend Payout Ratio 24,924 26,545 27,012 33,023 44,237 66,730 49,617 75,468 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Consolidated Net Worth (₹ million) 21,872 22,872 22,690 28,440 37,476 57,665 42,152 65,679 - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 FY21 FY22 FY23 FY24 FY25 FY26 Q1 FY26 Q1 FY27 Standalone Net Worth (₹ million)
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The Power of Vibrance Business Shareholding Pattern MARKET DATA Market Capitalization* (₹ Mn) 15,69,933 Price* (₹) 3,866 No. of Shares Outstanding 40,61,29,077 Face Value (₹) 2.00 Avg. Daily Trading Value# (₹ Mn) 15,851 Avg. Daily Trading Volume# (Mn shares) 4.22 52-week High-Low (₹) 4,447 – 2,022 *Market data as of June 30, 2026 #For the period of Apr 2026 to Jun 2026 TOP 10 SHAREHOLDERS (As of June 2026) LIFE INSURANCE CORPORATION OF INDIA 5.57% KOTAK FLEXICAP FUND 1.79% SIDDHARTH BALACHANDRAN . 1.70% SBI LIFE INSURANCE CO. LTD 1.65% TATA AIA LIFE INSURANCE CO LTD-WHOLE LIFE MID CAP 1.43% MOTILAL OSWAL MIDCAP FUND 1.37% HDFC LIFE INSURANCE COMPANY LIMITED 1.36% NIPPON LIFE INDIA TRUSTEE LTD- A/C NIPPON INDIA GR 1.35% INVESCO INDIA MIDCAP FUND 1.34% S GOPALAKRISHNAN 1.17% 31 Public, 33.9% Trading Members, 7.7% QIB, 12.1%Body Corporates, 7.4% FPI's & NRI's, 24.7% Mutual Funds, 11.8% AIF's, 0.3% Others, 2.0% - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 Oct-24Nov-24Dec-24Jan-25Feb-25Mar-25Apr-25May-25Jun-25Jul-25Aug-25Sep-25Oct-25Nov-25Dec-25Jan-26Feb-26Mar-26Apr-26May-26Jun-26 BSE Adjusted Closing Price
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g o Power Best Use of Social Media & Best Use of Programmatic Advertising Derivative Exchange of the Year Exchange of The Year Security Practices In Capital Markets Trusted Brand 2025 Champions of Capital Market Innovation and Efficiency Asia 2025 Big Impact Creator Asia Best Employer Brand Best Investor Education FINXX 2025 Risk Asia Awards 2025 World BFSI Congress Awards DSCI Excellence Awards 2025 Reader's Digest CFI Awards - 2025 Big Impact Awards 2026 - Big FM CMO Asia Awards 2026 Asia Asset Management 2026 Business Awards & Recognitions Wealth Creator of the Year NDTV Profit – Business Leadership Awards 2026
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1 I ‘.. BSE° The Power of Vibrance Uiti kiivt INVESTOR RELATIONS CONTACT: Anand Sethuraman Head – Investor Relations +91 22 2272 8229 bse.ir@bseindia.com THANK YOU