CRIZAC

Management Guidance & Outlook - Q3 FY27 revenue is expected to grow by 10% to 12% YoY, backed by confirmed admissions and approved visas. - Full-year FY27 revenue and profit are guided to remain flat compared to FY26, with deferrals expected to convert in H2. - Long-term target is to achieve 30% of revenue from non-UK destinations by FY30, with steady-state EBITDA margins projected at 25%–26%. Current Performance & Sector Trends - Q2 FY27 revenue fell 36.7% YoY to ₹102.7 Cr and PAT decreased 23.7% YoY to ₹36.9 Cr, impacted by geopolitical tensions and student deferrals. - Management clarified the drop was due to intake deferrals rather than cancellations, with H2 historically generating 65%–70% of annual revenue. - UK budget proposed extending graduate visas to 2 years for compliant universities, signaling easing regulatory headwinds. Growth Drivers & Strategic Investments - Market share in UK-sponsored visas rose to 6% globally and 13.9% in India between FY24 and FY26 despite industry-wide volume contractions. - Committed $2.5 million to developing proprietary AI platform 'EduMentor' to enhance student-university matchmaking. - Net debt-free position with net cash of ~₹596 Cr; Board declared an interim dividend of ₹4/share with full-year dividend guided at ₹8–₹10/share.

- Crizac Limited has announced an interim dividend of ₹4/- per equity share (face value of ₹2/-) for FY 2026-27. - The record date to determine eligible shareholders is Friday, November 6, 2026. - Shareholders are required to submit necessary tax exemption forms, declarations, and update PAN details by November 6, 2026, to avoid higher TDS deductions.

- Crizac Limited has made available the audio recording of its Earnings Conference Call for the quarter ended September 30, 2026 (Q2 FY27). - The conference call was held on November 02, 2026. - The audio recording can be accessed on the company's website.

- Crizac released its Q2 FY27 Investor Presentation, reporting Operating Income of ₹1,027 Mn (-36.7% YoY) and PAT of ₹369 Mn (-23.7% YoY). - Performance was impacted by global travel disruptions and student visa headwinds. - Board declared an interim dividend of ₹4 per share; management expects stronger H2 FY27 performance.

Q2 FY27 Consolidated Revenue ₹102.67Cr vs ₹162.25Cr (▼36.7% YoY) EBITDA ₹35.41Cr vs ₹62.64Cr (▼43.5% YoY) PAT ₹36.23Cr vs ₹48.34Cr (▼25.0% YoY) EBITDA Margin 34.5% vs 38.6% (▼411bps) - Board approved an interim dividend of ₹4.00 per equity share of face value ₹2 (200%) for FY 2026-27. - Record date for interim dividend is November 6, 2026, payable on or before November 27, 2026.

- Q2 FY27 Total Income fell 34.5% YoY to ₹1,112 Mn; Operating EBITDA dropped 44.0% YoY to ₹330 Mn. - PAT declined 23.7% YoY to ₹369 Mn; Board declared an interim dividend of ₹4 per equity share. - Disruption from student travel delays impacted results; management expects a significantly stronger H2 FY27.

- Crizac Limited has fixed 06th November, 2026 as the record date for payment of interim dividend. - Interim dividend is declared at INR 4 per equity share of face value INR 2 each for FY 2026-27. - Dividend payment will be completed on or before November 27, 2026.

Q2 FY27 Consolidated Revenue ₹102.67Cr vs ₹162.25Cr (▼37% YoY) EBITDA ₹35.21Cr vs ₹63.27Cr (▼44% YoY) PAT ₹36.23Cr vs ₹48.34Cr (▼25% YoY) EBITDA Margin 34.30% vs 38.99% (▼469bps) Declared Interim Dividend of ₹4.00 per share (200%)

Q2 FY27 Consolidated Revenue ₹102.67Cr vs ₹162.25Cr (▼37% YoY) EBITDA ₹35.41Cr vs ₹63.64Cr (▼44% YoY) PAT ₹36.23Cr vs ₹48.34Cr (▼25% YoY) EBITDA Margin 34.5% vs 39.2% (▼472bps) Interim Dividend declared at ₹4.00 per equity share (200%), Record Date: November 6, 2026

Concall Schedule Concall Date: November 02, 2026 Concall Time: 12:00 PM (IST) - Crizac Limited issued a revised intimation regarding the analyst/institutional investor meeting for 2QFY27 results due to a non-functioning conference call link in the previous notice.

Concall Schedule Concall Date: 2nd November, 2026 Concall Time: 12.00 Noon

- Crizac Limited has launched the Partner Growth Program (PGP) to help small and medium counselling partners grow their businesses. - The program offers marketing support through Marketing Studio, counsellor training and certification, and professional branding. - PGP is accessible to Crizac's network of over 17,400 registered counselling partners across 85+ countries using their existing login.

- Trading window closed from October 01, 2026, for designated persons and insiders. - Closure will remain until 48 hours after declaration of Q2 and half-year financial results ending September 30, 2026. - Date of Board Meeting to be intimated in due course.

- Concall Schedule - Concall Date: September 26, 2026 - Concall Time: 1:00 P.M.

- Crizac Limited updated its proposed investment in Edument Consultancy Private Limited. - Acquisition of 107 CCPS for ₹1,03,654/- cancelled due to shareholder withdrawal, consideration received back. - Revised aggregate consideration: ₹1,23,73,290/-. - Revised expected shareholding: 36.80% (previously 37.41%).

- Crizac Limited's AGM on September 11, 2026, approved director changes. - Appointment of Mr. Christopher Flood Nagle as Non-Executive Non-Independent Director. - Re-appointment of Mr. Anuj Saraswat and Ms. Payal Bafna as Independent Directors for a second term.

- Crizac Limited's proposed acquisition of Edument Consultancy Private Limited is delayed. - The revised completion timeline is 12 October 2026, an extension of approximately two months. - All other transaction terms and consideration for the acquisition remain unchanged.

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- Audio recording of the Earnings Conference Call for the quarter ended June 30, 2026 (Q1FY27) results has been made available. - The conference call with analysts/investors was held on August 4, 2026. - The recording is accessible on the company's website.

- Total Income ₹208.4Cr vs ₹217.2Cr (▼4.0% YoY) - EBITDA ₹60Cr vs ₹64.9Cr (▼7.6% YoY) - PAT ₹47.1Cr vs ₹45.8Cr (▲2.9% YoY) - EBITDA Margin 29.8% vs 31.0% (▼116bps) - Mr. Christopher Nagle stepped down as Chief Executive Officer of the UK entity, taking on Non-Executive Director and Chairman of the Indian holding company. - The company made strategic investments in ForeignAdmits and acquired 100% of Inova Consultancy Limited for geographic expansion.

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- Board approved the appointment of Mr. Christopher Flood Nagle as an Additional Non-Executive Director and the new Chairperson of the Company, effective August 4, 2026. - Dr. Vikash Agarwal ceased to be the Chairperson, effective August 3, 2026, to focus on his executive responsibilities as the Managing Director. - Mr. Anuj Saraswat was re-appointed as an Independent Director for a second term of three years (Feb 2027 to Feb 2030). - Ms. Payal Bafna was re-appointed as an Independent Director for a second term of three years (March 2027 to March 2030). - Ms. Pinky Agarwal resigned as a Non-Executive, Non-Independent Director, effective August 3, 2026. - The Nomination & Remuneration Committee and Risk Management Committee were reconstituted.

- Crizac Limited's 15th Annual General Meeting (AGM) is scheduled for Friday, September 11, 2026, at 1:00 PM (IST). - The AGM will be held through Video Conferencing (VC)/Other Audio-Visual Mode. - The cut-off date for members entitled to vote is Friday, September 04, 2026.

- On August 03, 2026, Crizac Limited granted 35,59,000 Employee Stock Options under the 'CRIZAC EMPLOYEE STOCK OPTION PLAN 2026'. - The exercise price is ₹200 per option. - Options have a minimum 3-year vesting period and can be exercised within 5 years of vesting.

- Senior Management Personnel changes effective August 2-3, 2026. - Mr. Sibendu Roy and Ms. Salaria Zaheer cease as Chief Technology Officer and Chief Marketing Officer (SMP roles) respectively, but continue as employees. - Mr. Rituparno Sarkar appointed CTO, Mr. Nikhil Jain appointed Chief Product & Marketing Officer, and Mr. Dishant Kharbanda appointed Chief Innovation Officer (all SMP). - Ms. Anindita Das ceases as SMP due to internal restructuring but continues as Chief Business Officer.

- Mr. Christopher Flood Nagle resigned as CEO of Crizac Ltd (UK), a material subsidiary, effective August 2, 2026, due to personal commitments. - He will transition to Crizac Limited (Holding Company) as Additional Non-Executive Director (effective August 3, 2026) and Chairman of the Board (effective August 4, 2026).

- Consolidated Revenue ₹201.21 Cr vs ₹209.54 Cr (▼4.00% YoY) - EBITDA ₹61.16 Cr vs ₹61.16 Cr (▲0.01% YoY) - PAT ₹46.17 Cr vs ₹45.81 Cr (▲0.78% YoY) - EBITDA Margin 30.39% vs 29.19% (▲120bps) - The Board approved the unaudited financial results for the quarter ended June 30, 2026, and convened the 15th Annual General Meeting (AGM) for September 11, 2026. - Mr. Christopher Flood Nagle was appointed as an Additional Director and Chairman of the Company. - Ms. Pinky Agarwal resigned as a Non-Executive Director, while Mr. Anuj Saraswat and Ms. Payal Bafna were re-appointed as Independent Directors. - Several Senior Managerial Personnel were re-designated or appointed to new roles.