BSE Ltd

- BSE continues to maintain its position as a leading capital-raising platform in India. - In FY’26, issuers raised Rs. 15.91 lakh crores through equity, debt, bonds, commercial papers, mutual funds, etc. - Q2 FY’26 saw 97 new equity listings across main and SME boards, raising Rs. 53,548 crores. - October 2025 remained vibrant with 45 companies raising Rs. 41,856 crores via IPOs. - The strong IPO pipeline since early 2025 indicates continued robust capital formation and investor confidence. - RBI approval has been obtained for two new debt indices, expanding BSE’s product suite beyond equities, suggesting new fundraising via debt-linked instruments. - BSE is focused on diversifying fundraising options and enhancing the ecosystem for capital formation going forward.

- BSE has made a significant capital expenditure of over Rs. 300 crores in the last six months, focusing on physical infrastructure, trading infrastructure, and technology infrastructure such as buildings, co-location facilities, servers, and disaster recovery systems. (Page 19-20) - This Rs. 313 crore capex is noted as a large and pivotal investment to support BSE's significant growth over the last three years. (Page 19-20) - Additional investments are planned, with expectations of expanding co-location racks by another 70 to 90 by the year-end. The total racks are projected to reach around 500, equivalent to 650-700 in 6 KVA terms, enhancing trading infrastructure capacity. (Page 15) - BSE continues to invest in data centers and enhanced connectivity operations to support product development and market participation growth. (Page 8) - Future detailed capex breakups will be provided offline upon investor requests, indicating transparency in strategic investments. (Page 20)

- BSE expects continued strong growth in transaction-related income, especially from derivatives and listing-related income supported by record fundraising activity. - Average daily premium turnover in the index derivative segment has sustained growth with over Rs. 15,000 crores reported. - Revenues from co-location services are rising quickly, driven by increased utilization and revised charges, indicating further growth potential. - Mutual Fund Distribution platform (BSE StAR MF) is delivering record revenues and increased transaction volumes, pointing to growth in this segment. - Subsidiary businesses such as BSE Clearing House (ICCL) show strong growth, with equity settled turnover and derivatives contracts surging significantly. - Passive products tracking BSE indices have crossed Rs. 2.5 lakh crores in AUM, reflecting expanding product adoption. - Ongoing efforts to expand market participation, introduce longer-dated contracts, and diversify offerings continue to underpin growth ambitions. - Strong IPO pipeline and sustained retail participation support revenue growth prospects. Overall, BSE is confident in maintaining robust revenue and volume growth driven by diversified, customer-focused strategies.

- BSE achieved record quarterly revenue of Rs. 1,139 crores in Q2 FY26, marking the 10th consecutive quarter of growth with a 40% YoY increase. - Operating EBITDA expanded to Rs. 680 crores with margins increasing to 64%, indicating strong operational profitability. - Net profit attributable to shareholders grew by 61% YoY to Rs. 558 crores. - Continued growth driven by transaction-related income, listing-related income, and co-location services. - BSE plans further investments in data centres, enhanced connectivity, and product development, supporting long-term growth. - Strong IPO pipeline and increased market participation expected to sustain revenue momentum. - Voluntary contributions to the core SGF capped to ensure financial prudence, avoiding sudden earnings volatility. - Subsidiaries like India Clearing Corporation Ltd and BSE Index Services showing robust growth, supporting consolidated earnings. - Overall, BSE expects steady growth in earnings, driven by deeper market penetration, product innovation, and expanding service lines.

The provided transcript and pages from BSE Limited's conference call do not contain specific information regarding the current or expected order book or pending orders. The discussions primarily focus on: - Financial performance, growth in revenue, and operational highlights. - Capital expenditure and infrastructure investments. - Market share gains in derivatives. - Updates on co-location revenues and technology upgrades. - Details on clearing corporation's capacity enhancements. - Contributions to the Settlement Guarantee Fund (SGF). - Business strategy and ongoing initiatives. - Product innovation and business diversification. No explicit mention or quantification of order books or pending orders is found in the available transcript sections. For detailed order book or pending orders information, it is advisable to contact BSE investor relations at bse.ir@bseindia.com as per the closing remarks.