Transcript of conference call with Analysts / Investors.

14th August, 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, 7th August, 2026, at 05:00 PM IST, to discuss Q1 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 Q1 FY27 Earnings Conference Call August 07, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Arvind SmartSpaces Limited Q1 FY27 Earnings Conference Call. As a reminder, all participants' 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 this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand over the conference to Mr. Satya Prakash Mishra, Group Head, Investor Relations. Thank you, and over to you, sir. Satya Prakash Mishra:Thank you, Pari. Good evening, everyone, and thank you for joining us for the Q1FY27 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 with me today on the call is our Chairman, Mr. Kulin Lalbhai; 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 the 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. Thank you, and over to you, sir. Page 1 of 19 Arvind SmartSpaces Limited August 07, 2026 Kulin Lalbhai: Good afternoon, everyone, and thank you for joining us today. It is a pleasure to welcome you all to the Arvind SmartSpaces Earnings conference call for the first quarter of FY27. We have started the year with a very strong Q1 with presales of INR432 crores, which is a 147% growth year-on-year. Beyond the great momentum in sales, this quarter also marked the highest quarterly GDV booked in our BD as well as a very healthy growth in our construction rate. This achievement is a strong testament to the foundation we have built, and I'm confident that it marks just the opening chapter of a far more ambitious and transformative growth journey ahead for us. Speaking of macro trends, India remains one of the fastest-growing major economies supported by strong domestic fundamentals like infrastructure investment, favorable demographics and urbanization despite the global uncertainty. We remain positive on the residential real estate sector, driven by rising incomes, better connectivity and evolving customer aspirations with a long-term growth opportunity ahead. The industry is also witnessing a shift towards organized developers with customers, landowners and capital providers increasingly favoring players with strong governance, execution and financial discipline, creating a favorable environment for established companies like ours. Our focus remains on building a sustainable, disciplined business with long- term growth rather than chasing short-term gains. We continue to strengthen our people capability, execution capability and governance structure to deliver consistent performance across cycles. Our growth strategy centered on key markets like Gujarat, Bengaluru and MMR, allowing us to build deeper expertise and maintain disciplined capital allocation. At the same time, our partnership-led model ensures capital efficiency, enabling us to scale whilst preserving balance sheet strength and financial flexibility. Another encouraging development during the quarter was the upgradation of our long-term credit rating by India Rating to AA- with a stable outlook. We see this as more than a financial milestone. It reflects the disciplined manner in which the business has been built over the years through prudent capital Page 2 of 19 Arvind SmartSpaces Limited August 07, 2026 allocation, strong governance and consistent execution. It also enhances our financial flexibility as we continue to pursue future growth opportunities. We believe our focused market strategy, partnership-led business model, strong balance sheet and unwavering commitment to governance and execution position us well to continue creating long-term value for our stakeholders. With that, I would now like to hand it over to Priyansh, who will take you through the operational and financial performance for the quarter in greater detail. Thank you. Priyansh Kapoor: Thank you, Kulin. Good evening, everyone, and thank you for joining us on this call. The first quarter of FY27 has been an encouraging start to the financial year. We delivered a strong operating performance driven by healthy demand across our existing portfolio. Our bookings for the quarter grew by around 147% year-on-year basis, reflecting the strength of the underlying business model, our current portfolio and continued momentum across our core markets. What is particularly encouraging is that performance was achieved entirely through sustainable sales. Over the last few years, we have consciously focused on strengthening our sustenance sales engine by improving customer engagement, enhancing our sales process and maintaining consistent execution across projects. We are now beginning to see meaningful outcomes from these efforts with sustaining sales becoming an increasingly important contributor to our overall business and providing greater predictability to our quarterly performance. Our Aqua City project in Ahmedabad has been a standout performer this quarter with booking momentum that reflects both sustained demand and the enduring strength of our brand. This performance further strengthens our leadership position in horizontal development in Ahmedabad, reaffirming the depth of our market understanding and the trust homebuyers continue to place in us. Our launch pipeline remains robust with a couple of launches expected in the current quarter and a strong lineup of additional launches planned over the balance of the year, providing a solid platform for sustained bookings growth. Page 3 of 19 Arvind SmartSpaces Limited August 07, 2026 Collection for the quarter has grown by 76% on a year-on-year basis to INR336 crores. Strong collections and healthy growth in construction spend enabled us to generate net operating cash flows of INR81 crores during Q1 FY27, further strengthening our financial position and reflecting the resilience of our business model. Looking ahead, our existing project portfolio provides strong cash flow visibility with estimated operating cash flows of over INR5,119 crores expected to be realized over the next 4 to 5 years. Another important highlight during the quarter was the continued momentum on business development front. We added projects with an aggregate gross development value of approximately INR2,600 crores, which includes redevelopment project in Goregaon, Mumbai and the horizontal residential development in South of Ahmedabad. Both these deals are under joint develo [Showing first 8,000 characters — download PDF for full document]