Investor Presentation on unaudited financial results (consolidated and standalone) for the quarter and half year ended September 30, 2026.

Date: November 4, 2026 The General Manager, The Vice President Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, “Exchange Planza”, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra East, Mumbai – 400 051 Scrip Code: 543669 Scrip Symbol: RUSTOMJEE Sub: Investor Presentation We enclose herewith Investor’s presentation on the unaudited Financial Results for the quarter and half year ended September 30, 2026. This is also being uploaded on the Company’s website at https://www.rustomjee.com/investor-relations/financials/. . You are requested to inform your members accordingly. Yours faithfully, For Keystone Realtors Limited Bimal K Nanda Company Secretary and Compliance Officer ACS - 11578 KEYSTONE REALTORS LIMITED Registered Office:702, NATRAJ, M.V. Road Junction, Western Express Highway, Andheri (East), Mumbai - 400069. Tel.:+912266766888 | CIN:L45200MH1995PLC094208| Website:www.rustomjee.com INVESTOR PRESENTATION KEYSTONE REALTORS LIMITED RUSTOMJEE CLIFF TOWER –ARTIST’S IMPRESSION TABLE OF CONTENTS COMPANY OVERVIEW 01 PERFORMANCE HIGHLIGHTS 02 MANAGEMENT STRUCTURE 03 Know more about the company www.rustomjee.com COMPANY OVERVIEW 4-13 18-20 PARISHRAM BY RUSTOMJEE –SHOT AT LOCATION NURTURING SPACES SINCE 1996 30+ YEARS YOUNG COMPANY PROMOTED BY BOMAN R. IRANI CHANDRESH MEHTA PERCY CHOWDHRY CHAIRMAN & MANAGING DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR 30+ years of Real Estate experience 30+ years of Real Estate Experience 27+ years of Real Estate Experience Chairman of CREDAI Directs the redevelopment initiatives for the Directs Sales, Marketing and HR functions Group A SNAPSHOT: RUSTOMJEE - LEADING DEVELOPER IN MMR 1. MMR 2. PROMINENT 3. ASSET LIGHT FOCUSED REDEVELOPMENT BRAND MODEL 30+ 30+ msf RECENT ACCOLADES AND INDUSTRY RECOGNITION 33FIFTEEN -Iconic Project of the Year –Commercial Years of existence Construction Area developed Rustomjee Crescent -Luxury Residential Project of the Year Rustomjee Ozone Skye -Skyscraper Project of the Year 45 msf 2 Rustomjee Group -Iconic Excellence in Thoughtful Design & Living Construction Area in Mega Townships pipeline Rustomjee Belle Vue (Phase 1) Rustomjee Ocean Vista -Residential Project –Luxury 320+ 20,000+ Icons of Construction -Rustomjee Group Completed Buildings Homes Delivered (Incl 9500+ Redeveloped Green Champion Award -Rustomjee Group Family Members* ) * Assuming Five Family members each house RUSTOMJEE - STRENGTHS & GROWTH VISIBILITY PROVEN TRACK RECORD Asset Light, optimally leveraged with improved profitability at the project level EXECUTION DEPTH 2 Mega Townships | 320+ Completed Buildings | 30+ msf Construction Area developed | 20,000+ homes delivered PIONEER IN LARGE SCALE SOCIETY REDEVELOPMENT 9500+ Redeveloped Family Members* REDEVELOPMENT DOMINANCE 83% Forthcoming projects (In GDV terms) are redevelopment (excluding township) CLUSTER REDEVELOPMENT –FORCE MULTIPLIER Increased focus on cluster redevelopment. Added 5 cluster projects, having GDV of~ INR 166 Bn namely ; GTB Nagar Cluster, Lokhandwala Cluster, DindoshiNagar Cluster, Om Nagar Cluster, Malad (W) Cluster bringing in economies of scale and better margins END TO END PROJECT MANAGEMENT CAPABILITIES End-to-end project management capabilities with in-house expertise across Business Development, Architecture/design, Approvals, Construction Management, Sales & Marketing and Property Management Services * Assuming Five Family members each house RUSTOMJEE - STRENGTHS & GROWTH VISIBILITY GROWTH VISIBILITY ROBUST FINANCIALS Sizeable, visible and skewed to premium Conservative leverage & expanding margins SCALING FAST, BUILDING BIGGER PRE-SALES GROWTH TRAJECTORY Ongoing projects under construction almost doubled as on Q2FY27, in about three years Growing at 36% CAGR in last 3 years from ~ INR 16 Bn in FY23 to ~ INR 40 Bn in FY26 from 4.9 Mn Sq Ft to 8.3 Mn Sq Ft. PREMIUMIZATION OF PIPELINE CREDIT RATING ~93% of the Forthcoming Residential Project Portfolio in Emerging Premium & Premium Dual “AA-/ Stable” by Crisil Ratings and ICRA Segments OPERATING CASH FLOW BD ENGINE RUNNING AHEAD OF PLAN OCF of ~INR 1.2 Bn in Q2FY27 | INR 57 Bn of sold receivables locked-in ~INR 311 Bn of GDV (27 projects) added from FY23. DIVERSIFICATION INTO DIFFERENT PRODUCT SEGMENTS BALANCE SHEET STRENGTH Gross D/E at 0.28:1. Net D/E at 0.04:1 Building up pipeline and scale in Plotted Development & Commercial Portfolio (Annuity) NEW MICRO MARKETS, HIGHER REALIZATIONS Entered New Micro Markets –Igatpuri, Chembur, Mahim, Versova, Dombivli, Kasara, Nagpur, Sion, Lokhandwala, Sewri, Dindoshi, Goregaon East, Goregaon West EMERGING INFRASTRUCTURE CORRIDORS Focus on growth areas in proximity of upcoming infrastructure projects, or having a blue view or a green view REDEVELOPMENT – A LARGE BUSINESS OPPORTUNITY Redevelopment >1.6 lakh Low Investment of the open land in Mumbai is Major Source of Supply in MMR High Project IRR Societies are 30+ year old already developed • Redevelopment unlocks prime, • 70% to 85% of the New supplies in • Redevelopment creates opportunities • Lower upfront land cost → lower brownfield land in fully developed, matured micro markets coming from for iconic towers, gated communities, capital employed → improved IRRs demand-rich micro-markets. redevelopment. and amenity-heavy projects. • Ticket sizes in redeveloped areas • Helps Rustomjee secure strategic • Guarantees multi –year, scalable • Reinforces Rustomjee's identity as a typically sit in Emerging Premium to locations with minimal land acquisition pipeline without chasing fragmented transformative, design-led developer Super Premium range, enabling higher investment. greenfield plots. improving urban living. blended margins. • Redevelopment supply is concentrated • Projects launch in neighbourhoods with in Western & Central suburbs, existing social infrastructure, transit Rustomjee's core strongholds. access, and ready buyer pools— • Multiple independent industry reports significantly reducing absorption risk. confirm that housing society redevelopment alone in Mumbai is a INR 1,300 Bn opportunity by 2030. SOURCE: KNIGHT FRANK 2025 GROWTH DRIVERS Leverage our leadership position in Continue to build an asset light the redevelopment space and business model micro markets that we operate in Grow our presence in the Premium Focus on growth areas in and Emerging premium segment. proximity of upcoming infrastructure projects PARISHRAM BY RUSTOMJEE –SHOT AT LOCATION Building a resilient, asset light growth Leverage technology to improve Expand our footprint in high- engine anchored in redevelopment, operational efficiency potential urban zones by targeting premium housing and urban strategic cluster redevelopment transformation opportunities that unlock land value TESTAMENT TO OUR ROBUST EXPERIENCE IN REDEVELOPMENT PROJECTS PARISHRAM, PALI HILL SEASONS, BKC ANNEXE ELEMENTS, OFF JUHU CIRCLE BEFORE AFTER BEFORE AFTER BEFORE AFTER AFTER AFTER AFTER 17 Homes Rehoused 169 Homes Rehoused 480 Homes Rehoused TESTAMENT TO OUR ROBUST EXPERIENCE IN REDEVELOPMENT PROJECTS ORIANA, BKC ERIKA, BANDRA EAST PARAMOUNT, KHAR (W) BEFORE AFTER BEFORE AFTER BEFORE AFTER ORIGINAL ASSET ORIGINAL ASSET ORIGINAL ASSET ORIGINAL ASSET ORIGINAL ASSET ORIGINAL ASSET PLACEHOLDER PLACEHOLDER PLACEHOLDER PLACEHOLDER PLACEHOLDER PLACEHOLDER 17 60 406 Homes Rehoused Homes Rehoused Homes Rehoused Awarded Best Community Design & Marquee Redevelopment Project Awarded Best Re-development Redevelopment Project by NDTV in Bandra East Project by ET Now Real Estate Awards Property Awards 2016 In 2019 SOME OF OUR OTHER MARQUEE PROJECTS RUSTOMJEE URBANIA RUSTOMJEE SEASONS RUSTOMJEE PARAMOUNT RUSTOMJEE ELEMENTS RUSTOMJEE CROWN WHAT’S NEXT…. FEW OF THE ONGOING REDEVELOPMENT PROJECTS FEW OF THE FORTHCOMING REDEVELOPMENT PROJECTS AVINASH TOWERS GTB NAGAR VERSOVA SION RESI –0.39 Mn SFT RESI –3.44 Mn SFT RUSTOMJEE OCEAN VISTA, VERSOVA RUSTOMJEE CLIFF TOWER, [Showing first 8,000 characters — download PDF for full document]