Press Release

Ashoka Buildcon Limited To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: Equity: 533271 Scrip Symbol: ASHOKA Debt Codes: CPs -730851/731112/731487/732069/732127/732724 November 05, 2026 Sub: Press Release Please find enclosed herewith the copy of Press Release in respect of Unaudited Standalone and Consolidated Financial Results (Limited Review) for the quarter and half year ended September 30, 2026. Kindly take the matter on your record. Thanking you, For Ashoka Buildcon Limited (Manoj A. Kulkarni) Company Secretary ICSI Membership No.: FCS - 7377 Encl.: As above Regd. Office: S. No. 861, Ashoka House, Ashoka Marg, Vadala, Nashik – 422 011, Maharashtra, India Tel. + 91 253 6633705Fax +91 253 2236704  www.ashokabuildcon.com CIN: L45200MH1993PLC071970 Investor Release Ashoka Buildcon Limited Q2 & H1 FY27 Business & Financial Highlights 05th November 2026, Nashik, Maharashtra Ashoka Buildcon Limited (BSE: 533271 / NSE: ASHOKA), an integrated EPC, BOT and HAM player, reported its unaudited financial results for the quarter and half year ended 30th September 2026 Standalone Financial Performance Particulars (Rs. Crs.) Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY Total Income 1,356.2 1,302.6 4.12% 2,676.6 2,641.7 1.32% EBITDA 133.9 159.8 -16.18% 259.4 310.5 -16.43% EBITDA Margin % 9.8% 12.3% - 9.7% 11.8% - Profit Before Tax* 51.4 57.2 -10.06% 94.4 100.5 -6.04% Profit After Tax 37.9 139.2 2.80% 59.5 169.8 -59.07% *Before Exceptional Gains Order Book Summary as on 30th September 2026* Segment Rs. Crs. % of Order Book Road EPC 6,173 38.7% Road HAM 1,436 9.0% Building EPC 941 5.9% Railways 1,666 10.4% Power T&D 3,820 23.9% SPV 1,928 12.1% Total Order Book 15,964 100.0% • The Debt on a Standalone basis is Rs.1,169 Crores; which comprises of Rs.77 Crores of Equipment loans, Rs.893 Crores of Working Capital loans and Rs.200 Crores of CPs • Consolidated Debt is Rs.2,781 Crores • BOT Division Toll Collection of Rs.73.5 Cores in Q2 FY26, de-growth of 9% YoY Developing Infrastructure for Better Tomorrow Investor Release UPDATES Receipt of LOI from REC Power Development and Consultancy Limited • The Company received a Letter of Intent (LOI) for the establishment of the 400/220/132 kV AIS Sakoli substation in Bhandara, Maharashtra. • The project value Rs.1,265.37 Million annually for 35 years and has an execution timeline of 24 months and O & M for 35 years Receipt of LOA from Rail Vikas Nigam Limited • The Company received a Letter of Acceptance (LOA) for the supply, erection, testing and commissioning of electro-mechanical systems, including substations and associated infrastructure, for tunnels T-13 to T-16 under the Rishikesh–Karnprayag New BG Rail Line Project in Uttarakhand. • The project is valued at Rs.602.16 crore including GST and has an execution timeline of 30 months Acquisition of Sakoli Power Transmission Limited • The Company executed a Share Purchase Agreement and acquired a 100% equity stake in Sakoli Power Transmission Limited, a project SPV, thereby making it a wholly owned subsidiary of the Company, for development of a high-voltage air-insulated substation and represents an addition to the Company's power transmission infrastructure portfolio Receipt of LOA from North Eastern Railway * • The Company received a Letter of Acceptance (LOA) for the design, supply, erection, testing and commissioning of traction substations and associated switching posts for the 2×25 kV AT traction feeding system in the Gorakhpur Cantt–Chhapra Gramin section of the Varanasi Division, under the capacity upgradation of electric traction power supply installations on an EPC basis Receipt of LOA from North Eastern Railway * • The Company received a Letter of Acceptance (LOA) for the design, supply, erection, testing and commissioning of traction substations and associated switching posts for the 2×25 kV AT traction feeding system in the Gorakhpur Cantt–Chhapra Gramin section of the Varanasi Division, under the capacity upgradation of electric traction power supply installations on an EPC basis Receipt of Provisional Certificate (COD) for NHAI Project * • Declaration of October 07, 2026 as the Commercial Operation Date (CoD) for stretch of 45.05 KMs as per recommendations vide letter issued by an Independent Engineer dated October 09, 2026, for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India (“NHAI”) for the Project viz. “Four Laning of Tumkur Shivamogga Section from 170+415 to km. 226+750, Bettdahalli Shivamogga of NH-206 on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Karnataka Receipt of Provisional Certificate (COD) for NHAI Project * • Declaration of October 13, 2026 as the Commercial Operation Date (CoD) for stretch of 4.221 KMs vide letter issued by Independent Engineer on October 23, 2026, for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India (“NHAI”) and 3.925 KM w.e.f. October 15, 2024 received vide letter dated October 28, 2024 (Second CoD) for the Project viz. “Four Laning of Tumkur Shivamogga Section from 121+900 (Banwara) to km. 170+415 (Bettadahalli) of NH-206 on Hybrid Annuity Mode under Bharatmala Pariyojana in the state of Karnataka (Package-III). The Company also announces that the said SPV has Developing Infrastructure for Better Tomorrow Investor Release received a Provisional Certificate/s for completion of total length of 47.196 KMs in aggregate (revised after de-scoping) for Project. L1 for National Highways Authority of India (NHAI) Project * • The Company has been declared as the Lowest Bidder (L-1) for the Project Viz. Request for Proposal for Balance Work for Construction of 8-lane access-controlled Expressway from Km 128.0 to Km 154.6 of Vadodara - Mumbai Expressway (Karvad to Jujuwa section) in Gujarat on EPC mode (Pkg-IX). * Post September 30, 2026 About Ashoka Buildcon Limited Ashoka Buildcon Limited (BSE:533271, NSE: ASHOKA EQ) is a Fortune India 500 company and one of the leading highway developers in India. The company is an integrated EPC, BOT and HAM player. The Company has experience of more than 50 years in the field of construction and infrastructure development. The Company has executed / been executing 41 PPP Projects and has presence over 20 states in the country. The Company has constructed various prestigious projects across the country in roads and highways sectors. Ashoka has time and again demonstrated its ability to transform the opportunities into success especially in sectors requiring complex skill sets. Safe Harbor Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors. Contact Details Company: Ashoka Buildcon Limited CIN – L45200MH1993PLC071970 Mr. Paresh Mehta – Chief Financial Officer Email: paresh.mehta@ashokabuildcon.com www.ashokabuildcon.com Developing Infrastructure for Better Tomorrow