Investor Presentation

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: Result Update Presentation for the Quarter and half year ended September 30, 2026 Please find enclosed herewith the copy of Result Update Presentation 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 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 Presentation Q2 & H1 FY27 Results | Nov 2026 Safe Harbor This presentation has been prepared by and is the sole responsibility of Ashoka Buildcon Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward looking statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important factors thatcould cause actual results, performance or achievements to differ materially include, among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological changes, (e) investment income, (f) cash flow projections, and (g) other risks. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. Ashoka Buildcon Limited 2 Q2 & H1 FY27 Business & Financial Highlights Key Updates for Q2 & H1 FY27 (1/2) Receipt of LOA from Ministry of Energy and Water – Republic of Angola The Company has received a Letter of Contract Acceptance for the design, supply, installation and commissioning of the Rehabilitation of Distribution Networks in Angola within a span of 24 months. The accepted project bid cost is USD 72 million. Receipt Of Commercial Operation Date (COD) for NHAI Project for its Four Laning of Tumkur Shivamogga Section HAM project in Karnataka The Company announced receipt of CoD for a stretch of 2.68 km for the TS section 66+540 (Design km 65+195) (Karadi) to km. 119+790 (Design km. 121+900) (Banwara) of NH-206 HAM. The project is executed by Ashoka Karadi Banwara Road Private Limited (SPV). Additionally, the Company announced receipt of third provisional CoD (8.29 km) for the TS section from 12+310 (Design km 12+300) to km 66+540 (Design km 65+195) from Mallasandra to Karadi Village of NH-206 HAM Receipt of LoA from North Eastern Railway (NER). For the Project Viz. ‘Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations with associated Switching Posts for 2x25 KV AT traction feeding system in Gorakhpur Cantt-ChhapraGraminsection of Varanasi Division of North Eastern Railway for capacity up-gradation work of electric traction power supply installations on Engineering, Procurement & Construction (EPC) Mode. Bid Price Rs.290.23 Crore (Incl. GST) -(09-10-2026) * Receipt of PCOD - Ashoka Bettadahalli Shivamogga Road Private Limited –– 45.50 Kms. For the Project Viz. “Four Laningof Tumkur ShivamoggaSection from 170+415 to km. 226+750, BettdahalliShivamoggaof NH-206 on Hybrid Annuity Mode under BharatmalaPariyojna in the state of Karnataka” (09-10-2026) * Ashoka Buildcon Limited 4 Key Updates for Q2 & H1 FY27 (2/2) 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 Sakolisubstation 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. 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 PCOD -Ashoka Banwara Bettadahalli Road Private Limited for 4.221 KMs –aggregating to 47.196 KM (Revised after De-scoping) of the Project Viz. “Four Laningof TumkurShivamoggaSection from 121+900 (Banwara) to km. 170+415 (Bettadahalli) of NH 206 on Hybrid Annuity Mode under BharatmalaPariyojana(Package III) in the state of Karnataka (Package III)” (“Project”). (24-10-2026) * 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. Bid Price Rs.602.16 Crore (Incl. GST) ESG Rating Resurgent ESG Services Private Limited, vide its report dated October 21, 2026, has assigned an Environmental, Social, and Governance (“ESG”) score of 79.44 corresponding to an ESG Rating of ‘A+’ to the Company, placing the company within the ‘Leader’ category. (Post September 2026) Ashoka Buildcon Limited 5 Q2 & H1 FY27 Standalone Financial Performance Highlights Total Revenue (Rs. Crs.) EBITDA (Rs. Crs.) EBITDA Margin % Profit before Tax* +4% -16% -210 bps -10% 1,356 1,303 160 12.2% 134 9.9% 51 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Total Revenue (Rs. Crs.) EBITDA (Rs. Crs.) EBITDA Margin % Profit before Tax* +1.3% -16.43% -206 bps -6% H1 2,642 2,677 310 11.8% 94 259 9.7% FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 *Befor [Showing first 8,000 characters — download PDF for full document]