Slide 1: Presentation update letter to stock exchanges
November 10, 2025 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: Pre
Slide 2: Investor Presentation | November 2025
“Persistent to create better tomorrow” Investor Presentation | November 2025
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: H1FY26: Key Business Highlights
H1FY26: Key Business Highlights Rs 2,800 Cr Rs 2,411 Cr ~74% 64,541 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 H1FY26 of 2.8x of FY25 EPC revenues Government projects fa
Slide 5: Strategic Goals and Objectives
Strategic Goals and Objectives EPC Business Growth Targeting 20% annual growth in EPC revenue and PBT through stronger execution efficiency and an expanded project pipeline. Order Book Strengthening Aiming to secure Rs 1,500–2,000 Cr of new EPC orders in FY26, reinforcing business visibility and exe
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 548 Cr Rs 645 Cr Utilised Limit Rs 62 Cr Rs 312 Cr Rs 374 Cr Un – Utilised Limit Rs 35 Cr Rs 236 Cr Rs 271 Cr Limit under appraisal and approval - Rs 150 Cr Banking
Slide 7: Performance Overview
PERFORMANCE OVERVIEW v4 0 a Re >
Slide 8: Execution Momentum continues
Execution Momentum continues REVENUE FROM OPERATIONS (RS CR) In H1 FY26, strong execution continued across EPC Projects 46 21 All projects are operating at an optimum level, which enabled 10 2 faster project execution and 20 6 2 resulted in better revenue 344 generation 277 231 227 192 200 204 Execu
Slide 9: Debt position as on 30th Sep 2025
Debt position as on 30th Sep 2025 Particular (Rs Cr) Sep-2025 * June 2025 * Mar-25 * Mar-24 Vascon Engineers SBI / UBI / BOM/ Indus Ind/FDRL/KBL 89.16 58.75 18.39 31.04 Aditya Birla Capital 46.75 43.21 49.04 51.66 Prachay Capital - - - - ICICI 13.20 - - - Tata Capital 41.45 50.97 29.78 37.61 Vivriti
Slide 10: P&L Highlights- H1FY26
P&L Highlights- H1FY26 Standalone Consolidated Particulars (Rs Cr) Q2FY26 Q2FY25 H1FY26 H1FY25 Q2FY26 Q2FY25 H1FY26 H1FY25 Continuing Operations Revenue 225.39 199.99 446.30 395.82 225.40 199.83 446.31 395.83 Other Income 4.09 2.24 24.87 4.11 4.09 2.24 24.87 4.11 Total Income 229.48 202.23 471.17 39
Slide 11: Q2FY26 - Segmental Profit & Loss - after allocation
Q2FY26 - Segmental Profit & Loss - after allocation Particulars (Rs Cr) RE# EPC## Inventoried / Unallocable Total Revenue 19.27 497.72 516.99 Cost of Sales 13.57 431.59 11.70 456.86 Gross Profit 5.70 66.13 60.13 Gross Profit Margin % 30% 13% 12% Other Income 2.82 4.59 17.50 24.91 Employee Cost 5.30
Slide 12: Balance Sheet – Consolidated
Balance Sheet – Consolidated Assets (Rs Cr) Sep – 25 Mar – 25 Liabilities (Rs Cr) Sep - 25 Mar – 25 Non-Current Assets 376.04 389.42 Shareholder’s Fund 1,126.79 1,092.82 Fixed Assets 73.81 73.93 Share Capital 226.29 226.29 Financial Assets 230.22 255.80 Other Equity 900.50 866.53 Other Non-Current A
Slide 13: Business Overview
BUSINESS OVERVIEW v4 0 a Re >
Slide 14: Vascon – At a Glance
Vascon – At a Glace ENGINEERING PROCUREMENT & CONSTRUCTION REAL ESTATE DEVELOPMENT One of the leading EPC Company in India Focus on Mid-Range Housing Project of the leading EPC Company in India 45 Mn 225+ 39 30+ SQ. FT. OF PROJECTS PROJECTS YEARS OF PRESENCE DELIVERED DELIVERED EXPERIENCE ACROSS IND
Slide 15: EPC Business- Overview
EPC Business- Overview ➢ Construction Experience across various verticals ▪ Executed over 225 projects with construction area of over 45 msft ➢ Ability to execute around 8 msft per annum ▪ Currently executing around 3.7 msft p.a. – operating at 90% utilization ▪ Number of Personnel in Project / Engi
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 Medical Colleges at Suphal, Bihar Suphal 328 527 Capgemini, IT Park Chennai 304 Government Medical College at Sindhudurg, Maharashtra Sindhudurg 301 448 Hospital Building at Moshi, Pimpri Chinchwad Pune 258 38
Slide 18: Glimpses of EPC Completed Projects
GLIMPSES OF EPC COMPLETED PROJECTS
Slide 19: EPC : Completed Projects
EPC : Completed Projects RAJ BHAVAN – CHIEF MINISTER HOUSE RAIPUR BMRCL (METRO SHED) - BANGALORE ADAMPUR AIRPORT PMAY - PUNE 18
Slide 20: Glimpses of EPC Ongoing Projects
GLIMPSES OF EPC ONGOING PROJECTS
Slide 21: EPC : On-Going Projects (1/5)
EPC : On-Going Projects (1/5) BIJNOR (UP) MEDICAL COLLEGE & HOSPITAL VEDANTA - BARMER PUNE MDRA - RESIDENTIAL QUARTERS KAUSHAMBI (UP) MEDICAL COLLEGE & HOSPITAL 20
Slide 22: EPC : On-Going Projects (2/5)
EPC : On-Going Projects (2/5) MEDICAL COLLEGES AT SUPHAL, BIHAR GOVERNMENT MEDICAL COLLEGE, KANKER 21
Slide 23: EPC : On-Going Projects (3/5)
EPC : On-Going Projects (3/5) MUMBAI POLICE HOUSING JILA KARAGAR, AMETHI 22
Slide 24: EPC : On-Going Projects (4/5)
EPC : On-Going Projects (4/5) HOSPITAL BUILDING MEDICAL COLLEGE PUNE POLICE AT MOSHI, PIMPRI CHINCHWAD SINDHUDURG STAFF QUARTERS 23
Slide 25: EPC : On-Going Projects (5/5)
EPC : On-Going Projects (5/5) 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 Tulip Phase III 0.27 0.19 22- June 74% Sold 100 74 Goodlife – Value Home (Own) * 0.46 0.46 18-May 83% Sold 23 Tower of Ascend, Kharadi 0.20 0.15 23-June 67%
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 0.16 109 84
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 No. Area Sales Value Area Sales Value msft (Rs Cr) msft (Rs Cr) 1 Powai, Mumbai JV Residential 0.20 364 0.07 127 2 4 Acre HDH-Ajanta JV Residential 0.60 460 0.30 2
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