Transcript of conference call with Analysts / Investors.

11th November, 2026 BSE Limited Na(cid:415)onal Stock Exchange of India Ltd. Lis(cid:415)ng Dept. / Dept. of Corporate Services, Lis(cid:415)ng Dept., Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Dalal Street, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai - 400 051. Security Code : 539301 Security ID : ARVSMART Symbol : ARVSMART Dear Sir / Madam, Sub: Transcript of conference call with Analysts / Investors. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are attaching herewith transcript of the conference call with analysts / investors held on Friday, 6th November, 2026 at 12:30 PM IST, to discuss Q2 & H1 FY27 Business and Financial Results of the Company. The same is being uploaded on the website of the Company. Thanking you, Yours faithfully, For Arvind SmartSpaces Limited Prakash Makwana Company Secretary Encl.: As above Arvind SmartSpaces Limited Q2 & H1 FY27 Earnings Conference Call November 06, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Arvind SmartSpaces Limited Q2 and H1 FY27 Post Results Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Satya Prakash Mishra. Thank you, and over to you, sir. Satya Mishra: Thank you. Good afternoon, everyone, and thank you for joining us for the Q2 and H1 FY'27 Results Conference Call for Arvind SmartSpaces Limited. The financial results for the quarter and related presentations were uploaded to our website as well as on the stock exchanges. Hope you had enough time to go through it. Before we begin, let me introduce the management team. Joining me today on the call is Mr. Kulin Lalbhai, our Chairman; Mr. Priyansh Kapoor, our Managing Director and CEO. We also have Mr. Amit Chamaria, the CFO of the company. Please note that anything said on this call that reflects outlook towards the future should be construed as a forward-looking statement and must be reviewed in conjunction with the risks that the company possesses. I would now like to hand over the call to Mr. Kulin Lalbhai for his opening remarks. Kulin Lalbhai: Thank you, Satya. Good afternoon, everyone. It's a pleasure to be here, and thank you for joining us for the call. Our performance in H1 FY '27 has been encouraging with bookings of INR1,338 crores, registering a growth of 120% on a year-on-year basis. This nearly covers 90% of full year FY '26 bookings within the first half of FY '27, suggesting a great year ahead also in terms of bookings. This reflects the strength of our development portfolio, sustained customer demand, along with progress we have made in building a scalable sales engine and a robust business platform. The Page 1 of 16 Arvind SmartSpaces Limited November 06, 2026 Indian economy continues to demonstrate remarkable resilience and structural strength, reinforcing its position as one of the most compelling growth markets globally. The Indian real estate sector has also demonstrated considerable resilience amid an evolving global environment. Geopolitical uncertainties, particularly the developments in West Asia, volatility in crude oil prices, currency fluctuations and inflationary pressures have created challenges for the broader economy and increased cost pressures across the construction value chain. However, the sector's underlying growth drivers remain firmly intact. Three structural forces continue to shape the long-term trajectory of Indian real estate. The first is urbanization. The second is formalization, supported by regulatory reforms. And the third is India's growing position as a global hub for talent, technology and capital with the expansion of GCCs. With this, the nature of residential demand also keeps evolving. Homebuyers are increasingly prioritizing quality, design, location, amenities, wellness and the overall living experience. At Arvind SmartSpaces, we have consistently sought to anticipate these changes and evolve our business in line with the changing dynamics of the market. One of the defining strengths of our journey has been our willingness to adapt intelligently to emerging opportunities. Whilst remaining anchored in our core values of quality, integrity and customer centricity. Recognizing this transition early, we have proactively strengthened our capabilities and expanded our presence in the vertical residential segment. Over the medium term, we expect vertical developments to constitute the majority of our portfolio mix. Our focus remains firmly anchored in the mid- to premium residential segment, which we believe represents one of the most compelling long-term opportunities in Indian real estate. Demand in this segment is increasingly driven by fundamental life stage transitions, including first home ownership, family formation and lifestyle upgrades rather than speculative cycles alone. This provides a more sustainable foundation for long-term demand. In this evolving market, we believe the real differentiator will be the ability to consistently deliver superior customer experiences. Brand equity is not built merely through advertising and marketing investments. It is earned through quality, consistency of delivery and customer trust. Our Net Promoter Scores, referral-led bookings and repeat customer engagement reinforce the strength of our customer relationships. We are also investing in stronger digital marketing and lead generation capabilities, leveraging the Arvind Group's long-standing understanding of customer behavior and brand-building expertise. We believe the next 5 to 10 years have the potential to be the most transformative phase in the company's history. Our focus will remain on accelerating cash flow generation, disciplined capital allocation, deepening our presence in our focused geographies, strengthening our vertical development capabilities and delivering differentiated residential experiences. Page 2 of 16 Arvind SmartSpaces Limited November 06, 2026 The opportunity before Indian real estate is significant, and we believe Arvind SmartSpaces is well positioned to participate meaningfully in this growth journey. As we move forward, we remain committed to creating enduring value for our customers, employees, shareholders and all other stakeholders. With that, I would like to now hand the call over to Priyansh, who will take you through our operational and financial performance in greater detail. Thank you. Priyansh Kapoor: Thank You, Kulin. Good afternoon, everyone, and thank you for joining us today. Firstly, wishing you all a very Happy Diwali. The second quarter of FY '27 has been a very strong one for Arvind SmartSpaces with the company recording its highest ever quarterly presales and collections performance. During the quarter, we recorded bookings of over INR906 crores, which is more than double compared to INR432 crores in Q2 FY '26. This reflects the strong underlying demand for our projects, the strength of our brand and our ability to consistently deliver products aligned with evolving customer preferences. The quarter's performance was driven by a healthy mix of contributions from newly launched projects, which accounted for approximately 65% of our bookings and sustenance sales from the existing portfolio, which contributed the remaining 35%. As Kulin mentioned earlier, we have consciously invested in strengthening our sales and distribution network, enhancing customer engagement and building our marketing capabilities. These initiatives have helped us establish a more consistent sales engine. During Q2 FY '27, we successfully launched 2 projects, one each in Bengaluru and Ahmedabad. Both launches received encouraging response, fur [Showing first 8,000 characters — download PDF for full document]