General Updates

Date: 07.09.2026 BSE Limited National Stock Exchange of India Phiroze Jeejebhoy Towers Limited Dalal Street “Exchange Plaza” Mumbai - 400 001 Bandra-Kurla Complex, Bandra (East) Scrip Code (BSE): 544271 Mumbai - 400051 Symbol: GARUDA Subject: Intimation regarding signing of Memorandum of Understanding Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that M/s. Dream City Builders (formerly known as Garuda Arabia), a wholly owned subsidiary of the Company, has entered into a Memorandum of Understanding (“MoU”) with M/s. Almasarat Company Limited in connection with the proposed construction and development of a 93-storey landmark tower in Jeddah, Kingdom of Saudi Arabia. Envisioned as a distinctive 360-degree twisting tower, the development is proposed to feature panoramic sea views, a five-star hotel comprising approximately 350 rooms across the lower 14 floors, and a diamond-shaped rooftop restaurant on the 93rd floor. Dream City Builders is expected to undertake the complete Engineering, Procurement and Construction (“EPC”) scope for the project, including construction, finishing and handover. The details of the proposed project are enclosed herewith as Annexure A. This is for your information and records. Request you to please take the above details on record. For Garuda Construction and Engineering Limited Pravin Kumar Brijendra Kumar Agarwal Managing Director and Chairman DIN: 00845482 Annexure A – Details of the Proposed Project Sr. Particulars Details 1 Name of the WOS Dream City Builders (Formerly known as Garuda Arabia) 2 Counterparty Almasarat Company Limited 3 Nature of arrangement Memorandum of Understanding 4 Project Proposed construction and development of a 93-storey landmark tower in Jeddah, Kingdom of Saudi Arabia. Envisioned as a distinctive 360-degree twisting tower, the development is proposed to feature panoramic sea views, a five-star hotel comprising approximately 350 rooms across the lower 14 floors, and a diamond- shaped rooftop restaurant on the 93rd floor. 5 Location Jeddah, Kingdom of Saudi Arabia 6 Project Area Approximately 1,53,451 sq. metres 7 Expected Project Duration Approximately five years from commencement 8 Estimated Revenue Potential Approximately ₹1,800 crore for Dream City Builders over the project period 9 Conditions Subject to requisite approvals and commencement of the project