Investor Presentation

Date: August 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 ended June 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 4-12 17-19 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+ 29+ msf RECENT ACCOLADES AND INDUSTRY RECOGNITION Rustomjee Group -Iconic Excellence in Thoughtful Design & Living Years of existence Construction Area developed Rustomjee Belle Vue (Phase 1) Rustomjee Ocean Vista -Residential Project –Luxury 46 msf 2 Icons of Construction -Rustomjee Group Construction Area in Mega Townships pipeline Iconic Project of the Year -Rustomjee Balmoral Golf Links Green Champion Award -Rustomjee Group 320+ 19,000+ Net Zero Carbon Design 2025 -Rustomjee Belle Vue (Clubhouse 1 & 2) Completed Buildings Homes Delivered (Incl 1900+ Rehoused) Rustomjee Crown: Best Residential Project –Luxury Segment -Tier I RUSTOMJEE - STRENGTHS & GROWTH VISIBILITY PROVEN TRACK RECORD GROWTH VISIBILITY ROBUST FINANCIALS Asset Light, optimally leveraged with improved profitability Sizeable, visible and skewed to premium Conservative leverage & expanding margins at the project level EXECUTION DEPTH SCALING FAST, BUILDING BIGGER PRE-SALES GROWTH TRAJECTORY 2 Mega Townships | 320+ Completed Buildings | 29+ msf Construction Area Ongoing projects under construction almost doubled as on Q1FY27, in just Growing at 36% CAGR in last 3 years from ~ INR 16 Bn in FY23 to ~ INR 40 developed | 19,000+ homes delivered three years from 4.9 Mn Sq Ft to 8.7 Mn Sq Ft. Bn in FY26 PIONEER IN LARGE SCALE SOCIETY REDEVELOPMENT PREMIUMIZATION OF PIPELINE CREDIT RATING 1900+ homes rehoused ~93% of the Forthcoming Residential Project Portfolio in Emerging Premium Dual “AA-/ Stable” by Crisil Ratings and ICRA & Premium Segments REDEVELOPMENT DOMINANCE OPERATING CASH FLOW 76% Forthcoming projects (In GDV terms) are redevelopment (excluding BD ENGINE RUNNING AHEAD OF PLAN OCF of ~INR 0.7 Bn in Q1FY27 | INR 48 Bn of sold receivables locked-in township) ~INR 311 Bn of GDV (27 projects) added from FY23. BALANCE SHEET STRENGTH CLUSTER REDEVELOPMENT –FORCE MULTIPLIER DIVERSIFICATION INTO DIFFERENT PRODUCT SEGMENTS Gross D/E at 0.30:1. Net D/E at 0.02:1 Increased focus on cluster redevelopment. Added 5 cluster projects, having GDV of~ INR 166 Bn namely ; GTB Nagar Cluster, Lokhandwala Cluster, Building up pipeline and scale in Plotted Development & Commercial Portfolio DindoshiNagar Cluster, Om Nagar Cluster, Malad (W) Cluster bringing in (Annuity) economies of scale and better margins NEW MICRO MARKETS, HIGHER REALIZATIONS END TO END PROJECT MANAGEMENT CAPABILITIES Entered New Micro Markets –Igatpuri, Chembur, Mahim, Versova, Dombivli, Kasara, Nagpur, Sion, Lokhandwala, Sewri, Dindoshi, Goregaon East, End-to-end project management capabilities with in-house expertise across Goregaon West Business Development, Architecture/design, Approvals, Construction Management, Sales & Marketing and Property Management Services 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 28 HQ (DHURU WADI) AVINASH TOWERS PRABHADEVI VERSOVA COMML –0.32 Mn SFT RESI –0.39 Mn SFT RUSTOMJEE OCEAN VISTA, VERSOVA RUSTOMJEE CLIFF TOWER, MOUNT MARY, BANDRA-W GTB NAGAR LOKHANDWALA SION ANDHERI-W RESI –1.30 Mn SFT RESI –3.44 Mn SFT DINDOSHI OM NAGAR THE PANORAMA BY RUSTOMJEE [Showing first 8,000 characters — download PDF for full document]