Slide 1: Exchange filing cover letter: Presentation Update
May 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: Presenta
Slide 2: Investor Presentation | May 2026
“Persistent to create better tomorrow” Investor Presentation | May 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: FY26: Key Business Highlights
FY26: Key Business Highlights Rs 2,717 Cr Rs 2,387 Cr ~79% 96,735 Sq. ft. 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 FY26 of 2.9x of FY26 EPC revenues Government projects faster
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 97 Cr Rs 648 Cr Rs 745 Cr Utilised Limit Rs 63 Cr Rs 345 Cr Rs 408 Cr Un – Utilised Limit Rs 34 Cr Rs 303 Cr Rs 337 Cr Collateral Optimisation: Lender-led collateral optimisa
Slide 7: Performance Overview
PERFORMANCE OVERVIEW v4 0 a Re >
Slide 8: Revenue for Last 8 Quarters
Revenue for Last 8 Quarters REVENUE FROM OPERATIONS (RS CR) In FY26, execution shortfall was mainly due to cash flow constraints in two major Government projects and internal organizational changes at a major private 46 client, which impacted onsite decisions and project schedules. 21 2 13 All proje
Slide 9: Debt position as on 31 March 2026
Debt position as on 31 March 2026 Particular (Rs Cr) Mar-26* Dec-25* Sep-25 * June 25 * Mar-25 * Mar-24 Vascon Engineers SBI / UBI / BOM/ Indus Ind/FDRL/KBL 62.76 79.16 89.16 58.75 18.39 31.04 Aditya Birla Capital 82.55 62.99 46.75 43.21 49.04 51.66 ICICI 13.16 13.35 13.20 - - - Tata Capital 27.33 3
Slide 10: P&L Highlights- FY26
P&L Highlights- FY 26 Standalone Consolidated Particulars (Rs Cr) Q4FY26 Q4FY25 FY26 FY25 Q4FY26 Q4FY25 FY26 FY25 Continuing Operations Revenue 252.96 385.15 948.53 1075.24 252.96 387.06 948.53 1077.41 Other Income 5.81 4.60 35.15 12.50 5.85 4.60 35.19 12.50 Total Income 258.77 389.75 983.68 1087.74
Slide 11: FY26 - Segmental Profit & Loss - after allocation
FY26 - Segmental Profit & Loss - after allocation Particulars (Rs Cr) RE# EPC## Inventoried / Unallocable Total Revenue 32.85 1,003.85 1,036.70 Cost of Sales 24.23 872.37 14.57 911.17 Gross Profit 8.62 131.48 125.53 Gross Profit Margin % 26% 13% 12% Other Income 5.00 12.78 17.50 35.28 Employee Cost
Slide 12: Balance Sheet – Consolidated
Balance Sheet – Consolidated Assets (Rs Cr) Mar – 26 Mar – 25 Liabilities (Rs Cr) Mar – 26 Mar – 25 Non-Current Assets 349.70 389.42 Shareholder’s Fund 1,148.82 1,092.82 Fixed Assets 64.17 73.93 Share Capital 231.70 226.29 Financial Assets 218.17 255.80 Other Equity 917.12 866.53 Other Non-Current A
Slide 13: Business Overview
BUSINESS OVERVIEW v4 0 a Re >
Slide 14: Vascon – At a Glance
Vascon – At a Glance ENGINEERING PROCUREMENT & CONSTRUCTION REAL ESTATE DEVELOPMENT One of the leading EPC Company in India Focus on Mid-Market Residential Projects in Mumbai & Pune 45 Mn 225+ 40 30+ SQ. FT. OF PROJECTS PROJECTS YEARS OF PRESENCE DELIVERED DELIVERED EXPERIENCE ACROSS INDIA 13
Slide 15: 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 o
Slide 16: Marquee Clients
Marquee Clients MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 15
Slide 17: Order Book Build-Up & Key Orders
Order Book Build-Up & Key Orders Project Location Amt (Rs Cr) (Rs Cr) External Order book Government Medical College at Sindhudurg, Maharashtra Maha 279 527 Medical Colleges at Suphal, Bihar Bihar 275 Navi Mumbai Hospital NMMC Maha 219 448 Hospital Building at Moshi, Pimpri Chinchwad Maha 216 330 Pu
Slide 18: Glimpses of EPC Completed Projects
GLIMPSES OF EPC COMPLETED PROJECTS
Slide 19: EPC : Completed Projects (1/2)
EPC : Completed Projects (1/2) RAJ BHAVAN – CHIEF MINISTER HOUSE RAIPUR BMRCL (METRO SHED) - BANGALORE ADAMPUR AIRPORT PMAY - PUNE 18
Slide 20: EPC : Completed Projects (2/2)
EPC : Completed Projects (2/2) BIJNOR (UP) MEDICAL COLLEGE & HOSPITAL KAUSHAMBI (UP) MEDICAL COLLEGE & HOSPITAL 19
Slide 21: Glimpses of EPC Ongoing Projects
GLIMPSES OF EPC ONGOING PROJECTS
Slide 22: 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 21
Slide 23: EPC : On-Going Projects (2/4)
EPC : On-Going Projects (2/4) MUMBAI POLICE HOUSING JILA KARAGAR, AMETHI 22
Slide 24: 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 23
Slide 25: EPC : On-Going Projects (4/4)
EPC : On-Going Projects (4/4) MEDICAL COLLEGE AND UPGRADATION MUMBAI METRO CAPGEMINI, OF DISTRICT HOSPITAL AT KODERMA HIGH-RISE BUILDING IT PARK 24
Slide 26: Real Estate (RE) Development
REAL ESTATE (RE) DEVELOPMENT
Slide 27: Real Estate Business
Real Estate Business BRAND EQUITY Landmark developments (Windermere, Forest County and Willows) have established the Brand Vascon in Pune Market END-TO-END CAPABILITIES In-house Design and Construction team gives us a unique advantage over other Real Estate Developers LOW OPERATING COST Flat organiz
Slide 28: Successfully launched Real estate projects
Successfully launched Real estate projects Total Saleable Vascon Share Real Estate Sales (Rs Cr) Projects Launch Status Area (msft) (msft) 118 113 Tulip Phase III 0.27 0.19 22- June 92% Sold 100 Goodlife – Value Home (Own) * 0.46 0.46 18-May 82% Sold 23 Tower of Ascend, Kharadi 0.20 0.15 23-June 70%
Slide 29: Current Real Estate Projects Under Development
Current Real Estate Projects Under Development Vascon Share Total Area Vascon Project attributable Sr. Area to Vascon Area Revenue Project Name Location Sale Collection No. Sold Recognised Type Share msft msft msft (Rs. Cr) (Rs. Cr) (Rs. Cr) 1 Tulip – Phase III Coimbatore JDA 70% 0.27 0.19 0.18 117
Slide 30: Real Estate Projects – Pipeline (launches in Near-term)
Real Estate Projects – Pipeline (launches in Near-term) Total Vascon Share Sr. Saleable Expected Saleable Expected Projects Type Segment Current Status No. Area Sales Value Area Sales Value msft (Rs Cr) msft (Rs Cr) Q1- FY27 1 Powai, Mumbai JV Residential 0.20 364 0.07 127 All approval in Place Resi
Slide 31: Real Estate Projects – Pipeline (other projects)
Real Estate Projects – Pipeline (other projects) Total Sr. No. Projects Type Segment Saleable Expected Area Sales Value (Msft) (Rs Cr) 1 Kalyani Nagar - Comm JDA Commercial 0.30 330 2 Kalyani Nagar JDA Residential 0.50 550 Total 0.80 880 30
Slide 32: Glimpses of (RE) Completed Projects
GLIMPSES OF (RE) COMPLETED PROJECTS
Slide 33: Real Estate : Completed Projects (1/3)
Real Estate : Completed Projects (1/3) WINDERMERE, PUNE WINDERMERE, PUNE WINDERMERE, PUNE 32
Slide 34: Real Estate : Completed Projects (2/3)
Real Estate : Completed Projects (2/3) GRAND ENTRANCE LOBBY - WINDERMERE, PUNE FOREST COUNTY, PUNE 33
Slide 35: Real Estate : Completed Projects (3/3)
Real Estate : Completed Projects (3/3) FOREST EDGE, PUNE CRECHE, FOREST EDGE, PUNE PLATINUM SQUARE, PUNE 34
Slide 36: Glimpses of (RE) Ongoing Projects
GLIMPSES OF (RE) ONGOING PROJECTS
Slide 37: Real Estate : On-Going Projects
Real Estate : On-Going Projects TULIPS PHASE 3, TOWER OF ASCEND, ORCHIDS, BUILDING 7 COIMBATORE KHARADI SANTACRUZ 36
Slide 38: Glimpses of (RE) Upcoming Projects – Artistic Impression
GLIMPSES OF (RE) UPCOMING PROJECTS – ARTISTIC IMPRESSION
Slide 39: Real Estate : Upcoming Projects
Real Estate : Upcoming Projects POWAI - MUMBAI 38
Slide 40: Towards Newer, Bigger Milestones
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