Slide 1: Cover letter to stock exchanges: Presentation Update
August 12, 2026 To, To, National Stock Exchange of India Limited BSE Limited Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Fort, Mumbai 400 001 Ref Symbol: VASCONEQ Ref: Scrip Code: 533156 Subject: Prese
Slide 2: Investor Presentation | August 2026
“Persistent to create better tomorrow” Investor Presentation | August 2026
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers 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 secur
Slide 4: Q1FY27: Key Business Highlights
Q1FY27: Key Business Highlights Booking Value Rs 2,850 Cr Rs 2,531 Cr ~77% Q1 – Rs 66 Cr Total Order Book External EPC Order Book Govt. Project (%) Real Estate Forming healthy Order Book Higher contribution by Providing visibility of New Sales Booking in Q1 FY27 of 3x of FY26 EPC revenues Government
Slide 5: Strategic Goals and Objectives
Strategic Goals and Objectives Order Book Strengthening Aiming to secure Rs 1,500–2,000 Cr of new EPC orders in FY27, reinforcing business visibility and execution strength. Strengthened relationships Real Estate Debt Optimization with financial institutions Realigning debt funding for the Real Esta
Slide 6: Enablers to Achieve Targets
Enablers to Achieve Targets Robust Working Capital Position : Particulars Fund Based Non Fund Based Total Sanctioned Limit Rs 112 Cr Rs 648 Cr Rs 760 Cr Utilised Limit Rs 76 Cr Rs 329 Cr Rs 405 Cr Un – Utilised Limit Rs 36 Cr Rs 319 Cr Rs 355 Cr Collateral Optimisation: Lender-led collateral optimis
Slide 7: Performance Overview
Z 0 Q Re > PERFORMANCE OVERVIEW
Slide 8: Revenue for Last 8 Quarters
Revenue for Last 8 Quarters REVENUE FROM OPERATIONS (RS CR) In Q1FY27, the execution shortfall was primarily due to cash flow constraints in two major Government projects; however, monthly fund 46 inflows are expected to commence from August 2026 onwards. 21 2 13 2 New project orders are yet to 20 c
Slide 9: Debt position as on 30 June 2026
Debt position as on 30 June 2026 Particular (Rs Cr) Jun-26 Mar-26 Dec-25 Sep-25 June 25 Mar-25 Vascon Engineers SBI / UBI / BOM/ Indus Ind/FDRL/KBL 98.43 62.76 79.16 89.16 58.75 18.39 Aditya Birla Capital 82.48 82.55 62.99 46.75 43.21 49.04 ICICI 13.01 13.16 13.35 13.20 - - Tata Capital 21.01 27.33
Slide 10: P&L Highlights- Q1FY27
P&L Highlights- Q1FY27 Standalone Consolidated Particulars (Rs Cr) Q1FY27 Q1FY26 FY26 Q1FY27 Q1FY26 FY26 Continuing Operations Revenue 151.88 220.91 948.53 151.96 220.91 948.53 Other Income 4.86 20.78 35.15 4.86 20.78 35.19 Total Income 156.74 241.69 983.68 156.82 241.69 983.72 Construction Expenses
Slide 11: Segment Bifurcation of P & L
Segment Bifurcation of P & L Q1FY26 Q1FY27 Particulars (Rs Cr) EPC RE Total EPC RE Total Revenue 203 18 221 148 4 152 Other Income 2 2 4 4 1 5 Total Income 205 20 225 152 5 157 Construction cost 178 13 191 128 1 129 Employee Benefit 7 3 10 6 2 8 Finance Cost 3 2 5 5 1 6 Depreciation 1 0 1 1 0 1 Othe
Slide 12: Business Overview
Z 0 Q Re > BUSINESS OVERVIEW
Slide 13: Vascon – At a Glance
Vascon – At a Glance REAL ESTATE DEVELOPMENT ENGINEERING PROCUREMENT & CONSTRUCTION Focus on Mid-Market Residential Projects in One of the leading EPC Company in India Mumbai & Pune 45 Mn 225+ 40 30+ SQ. FT. OF PROJECTS PROJECTS YEARS OF PRESENCE DELIVERED DELIVERED EXPERIENCE ACROSS INDIA 12
Slide 14: EPC Business- Overview
EPC Business- Overview ➢ Construction Experience across various verticals ▪ Executed over 225 projects with construction area of over 45 msft ➢ Currently executing around 3.7 msft p.a ▪ Operating at 90% utilization ▪ Number of Personnel in Project / Engineering team: 500+ ➢ Higher margins Because of
Slide 15: Marquee Clients
Marquee Clients MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 14
Slide 16: Order Book Build-Up & Key Orders
Order Book Build-Up & Key Orders Project Location Amt (Rs Cr) (Rs Cr) External Order book RBI Quarters, Guhawati Assam 293 Government Medical College at Sindhudurg, Maharashtra Maha 276 527 Medical Colleges at Suphal, Bihar Bihar 248 448 Navi Mumbai Hospital NMMC Maha 218 319 Royal Rides Pvt ltd Goa
Slide 17: Glimpses of EPC Completed Projects
GLIMPSES OF EPC COMPLETED PROJECTS
Slide 18: EPC : Completed Projects (1/2)
EPC : Completed Projects (1/2) RAJ BHAVAN – CHIEF MINISTER HOUSE RAIPUR BMRCL (METRO SHED) - BANGALORE ADAMPUR AIRPORT PMAY - PUNE 17
Slide 19: EPC : Completed Projects (2/2)
EPC : Completed Projects (2/2) BIJNOR (UP) MEDICAL COLLEGE & HOSPITAL KAUSHAMBI (UP) MEDICAL COLLEGE & HOSPITAL 18
Slide 20: Glimpses of EPC Ongoing Projects
GLIMPSES OF EPC ONGOING PROJECTS
Slide 21: EPC : On-Going Projects (1/4)
EPC : On-Going Projects (1/4) PUNE MDRA - RESIDENTIAL QUARTERS VEDANTA - BARMER GOVERNMENT MEDICAL COLLEGE, KANKER MEDICAL COLLEGES AT SUPHAL, BIHAR 20
Slide 22: EPC : On-Going Projects (2/4)
EPC : On-Going Projects (2/4) MUMBAI POLICE HOUSING JILA KARAGAR, AMETHI 21
Slide 23: EPC : On-Going Projects (3/4)
EPC : On-Going Projects (3/4) HOSPITAL BUILDING MEDICAL COLLEGE PUNE POLICE AT MOSHI, PIMPRI CHINCHWAD SINDHUDURG STAFF QUARTERS 22
Slide 24: EPC : On-Going Projects (4/4)
EPC : On-Going Projects (4/4) MEDICAL COLLEGE AND MUMBAI METRO CAPGEMINI, UPGRADATION OF DISTRICT HIGH-RISE BUILDING IT PARK HOSPITAL AT KODERMA 23
Slide 25: Real Estate (RE) Development
REAL ESTATE (RE) DEVELOPMENT
Slide 26: Business Model - Growth & Acquisition Strategy (1/2)
Business Model - Growth & Acquisition Strategy (1/2) Identified Cities & Asset class Right Partners ▪ Mumbai & Pune ▪ Asset light JV / JDA with the right ▪ Identified key micro-markets in each landowners city with healthy absorption ▪ City-centric redevelopment projects ▪ Residential & commercial of
Slide 27: Business Model - Growth & Acquisition Strategy (2/2)
Business Model - Growth & Acquisition Strategy (2/2) Rs. 750 – 1,000 Cr Rs. 450-650 Cr FY30E - FY31E Rs. 250 – 350 Cr Rs. 300-350 Cr Rs. 1,200 to ~ Rs. 100 Cr 1,500 Cr FY26 FY27E FY28E – FY29E Projects already Under Development New Redevelopment or Greenfield Projects 26
Slide 28: Projects Under Development
VASCON PROJECTS UNDER DEVELOPMENT
Slide 29: Under Development (1/5)
Under Development (1/5) Residential & Retail | Santacruz (W), Mumbai Type Redevelopment Linking Road Location Santacruz (W) Development Potential * ~ 53,000 sq. ft. Launch March 2025 ▪ All sanctions received Development ▪ 6th slab in progress Stage ▪ MEP works & Finishing underway GDV Rs 220 Cr Orch
Slide 30: Under Development (2/5)
Under Development (2/5) Residential | Powai, Mumbai Type Greenfield Morarji Nagar Location Aarey – Powai Road Development Potential ~ 150,000 sq. ft. Launch Jun 2026 ▪ Phase – 1 (104 units) launched Development ▪ All sanctions including Stage RERA received ▪ Shore-piling works underway GDV Rs 350 Cr
Slide 31: Under Development (3/5)
Under Development (3/5) Residential & Retail | Santacruz (W), Mumbai Type Redevelopment Off Juhu Tara Road, Location Santacruz (W) Development Potential * ~ 72000 sq. ft. Launch October 2026 ▪ IOD, CC received ▪ RERA application in Development process Stage ▪ Shore-piling works to commence GDV Rs 35
Slide 32: Under Development (4/5)
Under Development (4/5) Commercial & Retail | Kharadi, Pune Type Greenfield Behind EON IT Park, Location Kharadi Development Potential * ~ 200,000 sq. ft. Launch Jun 2023 ▪ Application in process for Part-OC for G+3 ▪ 12th slab in progress – Development TDR loading for higher Stage floors in progres
Slide 33: Under Development (5/5)
Under Development (5/5) Residential | Coimbatore Type Greenfield Location Udayampalayam Road Development Potential * ~ 280,000 sq. ft. Launch Aug 2022 ▪ RCC complete for Both Towers Development ▪ MEP works & Finishing Stage underway ▪ Infrastructure Work in progress GDV Rs 200 Cr Tulips Coimbatore *
Slide 34: Quarterly Performance Highlights
QUARTERLY PERFORMANCE HIGHLIGHTS
Slide 35: Quarterly Performance - Sales Performance
Quarterly Performance - Sales Performance Booked till Booked in Booked Till Unsold Project Particulars Total Inventory Launched Q4FY26 Q1FY27 Date Inventory Carpet Area (sq. ft.) 52,506 52,506 12,568 10,670 23,238 29,268 Orchids Units 63 63 12 14 26 37 Sale Value (Rs Cr) 220 220 49 38 87 133 Carpet
Slide 36: Current Real Estate Projects Under Development
Current Real Estate Projects Under Development Total Area Vascon Share Sr. Project Vascon Project attributable Location Area Revenue Balance Unsold No Name Area to Vascon Sale Collection Sold Recognised Revenue Inventory Type Share msft msft msft (Rs Cr) Santacruz, 1 Orchids Redevelopment 100% 0.05
Slide 37: Real Estate Projects – Pipeline (launches in Near-term)
Real Estate Projects – Pipeline (launches in Near-term) Total Vascon Share Sr. Saleable Estimated Saleable Estimated Projects Type Segment Current Status No Area Sales Value Area Sales Value msft (Rs Cr) msft (Rs Cr) Residential & 1 Prakash Housing Society Redevelopment 0.07 350 0.07 350 Retail IOD
Slide 38: Quarterly Performance (1/4)
Quarterly Performance (1/4) Orchids Cumulative till Project Particulars Q1FY27 Total Q4FY26 Carpet Area (sq. ft.) 12,568 10,670 23,238 Units 12 14 26 Orchids Booking Value (Rs. Cr.) 48.67 37.95 86.62 Realisation (Rs./sq. ft.) 38,725 35,570 37,276 Collection (Rs. Cr.) 18.40 15.62 34.02 37
Slide 39: Quarterly Performance (2/4)
Quarterly Performance (2/4) Tower of Ascend Cumulative till Project Particulars Q1FY27 Total Q4FY26 Carpet Area (sq. ft.) 1,05,937 8,247 1,14,184 Units 46 2 48 Tower of Ascend Booking Value (Rs. Cr.) 84.72 7.38 92.10 Realisation (Rs./sq. ft.) 7,997 8,949 8,066 Collection (Rs. Cr.) 48.86 3.16 51.96 3
Slide 40: Quarterly Performance (3/4)
Quarterly Performance (3/4) Tranquil Heights Cumulative till Project Particulars Q1FY27 Total Q4FY26 Carpet Area (sq. ft.) - 7,714 7,714 Units - 11 11 Tranquil Heights Booking Value (Rs. Cr.) - 16.71 16.71 Realisation (Rs./sq. ft.) - 21,662 21,662 Collection (Rs. Cr.) - 0.54 0.54 39
Slide 41: Quarterly Performance (4/4)
Quarterly Performance (4/4) Tulips (Ph 3) Cumulative till Project Particulars Q1FY27 Total Q4FY26 Saleable Area (sq. ft.) 1,78,455 4,059 1,82,514 Units 88 2 90 Tulips (Ph 3) Booking Value (Rs. Cr.) 116.19 3.65 119.84 Realisation (Rs./sq. ft.) 6,511 8,992 6,566 Collection (Rs. Cr.) 99.64 0.56 100.20
Slide 42: Towards Newer, Bigger Milestones – Let's Connect
TOWARDS NEWER, BIGGER MILESTONES LET’S CONNECT Mr. Pankaj Jain Mr. Gaurang Vasani/ Ms. Pooja Sharma pankaj@vascon.com vgaurang@stellar-ir.com | pooja.sharma@stellar-ir.com Vascon Weikfield Chambers, Pune - 411014 Kanakia Wall Street, Andheri (East), Mumbai 400 093 Visit: www.vascon.com Visit: www.st