Slide 1: Presentation update letter to stock exchanges
February 09, 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: Pre
Slide 2: Investor Presentation | February 2026
“Persistent to create better tomorrow” Investor Presentation | February 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: 9M FY26: Key Business Highlights
9M FY26: Key Business Highlights Rs 2,825 Cr Rs 2,470 Cr ~77% 77,315 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 9MFY26 of 2.8x of FY25 EPC revenues Government projects f
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 FY26, 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 65 Cr Rs 310 Cr Rs 375 Cr Un – Utilised Limit Rs 32 Cr Rs 338 Cr Rs 370 Cr Limit under appraisal and approval - Rs 60 Cr Collatera
Slide 7: Performance Overview
PERFORMANCE OVERVIEW Z 0 oO re >
Slide 8: Execution Momentum continues
Execution Momentum continues REVENUE FROM OPERATIONS (RS CR) In 9M FY26, strong execution continued across EPC Projects 46 21 All projects are operating at an 2 optimum level, which enabled 10 2 faster project execution and 20 6 2 resulted in better revenue 344 generation 277 231 252 227 192 200 204
Slide 9: Debt position as on 31st Dec 2025
Debt position as on 31st Dec 2025 Particular (Rs Cr) Dec-2025* Sep-2025* June 2025* Mar-25* Mar-24 Vascon Engineers SBI / UBI / BOM/ Indus Ind/FDRL/KBL 79.16 89.16 58.75 18.39 31.04 Aditya Birla Capital 62.99 46.75 43.21 49.04 51.66 ICICI 13.35 13.20 - - - Tata Capital 33.01 41.45 50.97 29.78 37.61
Slide 10: P&L Highlights- 9M FY26
P&L Highlights- 9M FY 26 Standalone Consolidated Particulars (Rs Cr) Q3FY26 Q3FY25 9MFY26 9MFY25 Q3FY26 Q3FY25 9MFY26 9MFY25 Continuing Operations Revenue 249.27 294.27 695.57 690.09 249.26 294.52 695.57 690.35 Other Income 4.47 3.79 29.34 7.90 4.47 3.79 29.34 7.90 Total Income 253.74 298.06 724.91
Slide 11: Q3FY26 - Segmental Profit & Loss - after allocation
Q3FY26 - Segmental Profit & Loss - after allocation Particulars (Rs Cr) RE# EPC## Inventoried / Unallocable Total Revenue 20.04 720.72 740.76 Cost of Sales 14.63 625.70 7.41 647.74 Gross Profit 5.41 95.02 93.02 Gross Profit Margin % 27% 13% 13% Other Income 4.12 7.77 17.50 29.39 Employee Cost 7.41 2
Slide 12: Business Overview
BUSINESS OVERVIEW v4 0 a Re >
Slide 13: 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-Range Housing Project of the leading EPC Company in India 45 Mn 225+ 40 30+ SQ. FT. OF PROJECTS PROJECTS YEARS OF PRESENCE DELIVERED DELIVERED EXPERIENCE ACROSS IN
Slide 14: 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 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 Medical Colleges at Suphal, Bihar Bihar 297 527 Government Medical College at Sindhudurg, Maharashtra Maha 288 Capgemini, IT Park Tamil Nadu 262 448 Navi Mumbai Hospital NMMC Maha 220 355 Hospital Building at
Slide 17: Glimpses of EPC Completed Projects
GLIMPSES OF EPC COMPLETED PROJECTS
Slide 18: EPC : Completed Projects
EPC : Completed Projects RAJ BHAVAN – CHIEF MINISTER HOUSE RAIPUR BMRCL (METRO SHED) - BANGALORE ADAMPUR AIRPORT PMAY - PUNE 17
Slide 19: Glimpses of EPC Ongoing Projects
GLIMPSES OF EPC ONGOING PROJECTS
Slide 20: 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 19
Slide 21: EPC : On-Going Projects (2/5)
EPC : On-Going Projects (2/5) MEDICAL COLLEGES AT SUPHAL, BIHAR GOVERNMENT MEDICAL COLLEGE, KANKER 20
Slide 22: EPC : On-Going Projects (3/5)
EPC : On-Going Projects (3/5) MUMBAI POLICE HOUSING JILA KARAGAR, AMETHI 21
Slide 23: 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 22
Slide 24: 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 23
Slide 25: Real Estate (RE) Development
REAL ESTATE (RE) DEVELOPMENT
Slide 26: 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 27: 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 88% Sold 100 86 Goodlife – Value Home (Own) * 0.46 0.46 18-May 81% Sold 23 Tower of Ascend, Kharadi 0.20 0.15 23-June 69%
Slide 28: 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 0.17 112 93
Slide 29: 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 30: 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 29
Slide 31: Glimpses of (RE) Completed Projects
GLIMPSES OF (RE) COMPLETED PROJECTS
Slide 32: Real Estate : Completed Projects (1/3)
Real Estate : Completed Projects (1/3) WINDERMERE, PUNE WINDERMERE, PUNE WINDERMERE, PUNE 31
Slide 33: Real Estate : Completed Projects (2/3)
Real Estate : Completed Projects (2/3) GRAND ENTRANCE LOBBY - WINDERMERE, PUNE FOREST COUNTY, PUNE 32
Slide 34: Real Estate : Completed Projects (3/3)
Real Estate : Completed Projects (3/3) FOREST EDGE, PUNE CRECHE, FOREST EDGE, PUNE PLATINUM SQUARE, PUNE 33
Slide 35: Glimpses of (RE) Ongoing Projects
GLIMPSES OF (RE) ONGOING PROJECTS
Slide 36: Real Estate : On-Going Projects
Real Estate : On-Going Projects TULIPS PHASE 3, TOWER OF ASCEND, ORCHIDS, BUILDING 7 COIMBATORE KHARADI SANTACRUZ 35
Slide 37: Glimpses of (RE) Upcoming Projects – Artistic Impression
GLIMPSES OF (RE) UPCOMING PROJECTS – ARTISTIC IMPRESSION
Slide 38: Real Estate : Upcoming Projects
Real Estate : Upcoming Projects POWAI - MUMBAI 37
Slide 39: 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