Chairman's Communique

Dear Shareholders,

It gives me great pleasure to present the Annual Report of Computer Age Management Services Limited ("CAMS") for FY 2025-26. CAMS is a cornerstone in the Indian financial services and capital markets industry with a reputation for spearheading innovation, technological leadership and process excellence since 1988. It has secured market dominance as India's largest and fastest-growing Qualified Registrar and Transfer Agent (QRTA).

India's financial services sector continued to demonstrate resilience and structural strength during the year. The expanding retail participation in financial markets, growing financialisation of household savings, gaining traction of the newly introduced Special Investment Funds, sustained SIP inflows, and increased adoption of digital investment platforms collectively reinforced the long-term growth opportunity for the asset and wealth management ecosystem. In this evolving landscape, CAMS continued to strengthen its position as a trusted financial infrastructure and technology partner.

During FY 2025-26, your Company delivered its highest-ever annual revenue while maintaining healthy profitability and operational discipline. Consolidated revenue from operations stood at ₹ 1,516 Crore, reflecting continued momentum across both mutual fund and non-mutual fund businesses. EBITDA margins remained robust, underscoring the resilience and scalability of our business model.

Our core mutual fund business continued to perform strongly. CAMS maintained its leadership position with ~ 68% market share by assets under management serviced. Mutual fund AUM serviced by CAMS reached ₹ 55.1 Lakh Crore during the year, supported by healthy retail participation and sustained SIP contributions. Equity-oriented assets scaled new highs, while investor folios and transaction volumes continued to witness strong growth.

Equally encouraging has been the continued progress in our diversification strategy. Our non-mutual fund businesses delivered strong double-digit growth and are steadily emerging as important contributors to the Company's long-term value creation journey. Businesses across alternatives, insurance repository services, payments, KYC and digital platforms are expanding in scale and capability, supported by increasing client acceptance and deepening market opportunities.

Technology leadership remains central to CAMS' growth strategy. During the year, the Company continued investments in platform modernisation, digital architecture, automation and artificial intelligence capabilities. These initiatives are enhancing operational efficiency, strengthening cyber resilience, improving scalability and enabling superior customer experience. We believe these investments position CAMS strongly for the future evolution of financial services infrastructure in India.

As we scale, we remain deeply committed to governance, compliance and stakeholder trust. The Board continues to focus on long-term value creation while ensuring strong oversight on risk management, data security, operational resilience and sustainable business practices.

Technology leadership remains central to CAMS' growth strategy. During the year, the Company continued investments in platform modernisation, digital architecture, automation and artificial intelligence capabilities. These initiatives are enhancing operational efficiency, strengthening cyber resilience, improving scalability and enabling superior customer experience.

India's financial services industry stands at an inflection point, driven by digital adoption, formalisation of savings and increasing investor participation. With strong fundamentals, technology leadership and diversified growth engines, CAMS remains well positioned to participate meaningfully in this opportunity and create sustainable long-term value for all stakeholders.

On behalf of the Board, I would like to express sincere gratitude to our clients, investors, regulators, banking partners and other stakeholders for their continued trust and confidence. I also extend my appreciation to the management team and all employees of CAMS for their dedication, agility and customer-centric approach.

I remain deeply grateful to our Board for their guidance, for achieving our mission. We will keep moving forward with the same clarity in thought, consistency in values, and commitment in action.