Analysts/Institutional Investor Meet/Con. Call Updates

Date: 17.08.2026 Corporate Relations Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Mumbai - 400 001 Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Code: 506194 Symbol: ARIHANTSUP Class of Security: Equity Series: EQ Sub: Earning conference call transcript. Dear Sir/Madam, Please find attached the Transcript in respect to the Earning Conference call for the quarter ended June 30, 2026, conducted on August 10, 2026 at 11:30 p.m. The transcript of the conference call can also be accessed at the website of the Company at www.asl.net.in This is for your information and records. Thanking you, Yours faithfully, Arihant Superstructures Limited Ashokkumar B. Chhajer Chairman and Managing Director DIN: 01965094 “Arihant Superstructures Limited Q1 FY27 Earnings Conference Call” August 10, 2026 MANAGEMENT: MR. ASHOK CHHAJER – CHAIRMAN AND MANAGING DIRECTOR – ARIHANT SUPERSTRUCTURES LIMITED MR. UDIT KASERA – CHIEF FINANCIAL OFFICER – ARIHANT SUPERSTRUCTURES LIMITED MODERATOR: MS. KUNJAL AGARWAL – ARIHANT CAPITAL MARKETS LIMITED Page 1 of 9 Arihant Superstructures Limited August 10, 2026 Moderator: Ladies and gentlemen, good day and welcome to Arihant Superstructures Limited Q1 FY27 Earnings 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 this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Kunjal Agarwal from Arihant Capital Markets Limited. Thank you and over to you, ma'am. Kunjal Agarwal: Thank you so much. Hello and good morning to everyone. On behalf of Arihant Capital Markets Limited, I thank you all for joining the Quarter 1 FY27 earning conference call of Arihant Superstructures Limited. Today from the management, we have with us Mr. Ashok Chhajer, Chairman and Managing Director, and Mr. Udit Kasera, Chief Financial Officer of our company. So, without any further delay, I will hand over the call to management for the opening remarks. Ashok Chhajer: Good morning everybody and thank you for joining the earnings call. I will take you through some of the industry updates followed by operational highlights. So, we see that the premium segment is looking forward for an uprise going forward also, given the net worth of individuals being increased. And when it comes to the larger premium segment, it is bandwidth between, below INR 5 crores which is seeing still in good traction. We have already seen in the sector that things above INR 10 crores, INR 15 crores, INR 25 crores, INR 30 crores in the city of Mumbai are facing a little slowdown. But when it comes to anything which is below INR 5 crores is what is very much keen on spends by individuals. We are seeing that the rising household incomes evolving business aspirations and growing confidence in the long-term home ownership has been the driving theme in the over last six months overall market has started normalizing. Hence the speed of the sales has been mediocre and not too much high. This has been the effect due to the geopolitical tensions, crude oil movements, the foreign currency movement and also have been impacted by the real estate ventures and projects coming up in larger sizes. Sector scalability is still increasing overall, which also shows up that implementation is the core key and that is where, there is a shortage of man resources at skill development right from the workers at the labour at the site as well as the monitoring engineering team as well as the sales people and that becomes the key factor and it may see that many of the projects would have been struggling to cope up with these factors to see that there is complete closure of the project nicely. Though in our case I would be telling you about the number of project completions happened up in the last quarter and earlier also. Now coming to the MMR and Mumbai 3.0 market, which is a key market which is still showing up great positive signs in terms of price rises, in terms of traction and sales everything. And over the last three years, the Navi Mumbai's market in MMR region has increased from 12% to 17% that means areas like Thane and Kalyan are losing their market share and Navi Mumbai is getting their market share due to the International Airport, Atal Setu and new infrastructure Page 2 of 9 Arihant Superstructures Limited August 10, 2026 developments coming around, as well as the data centres and job creations by the GCCs happening up due to the participants in this region. Moving to the operational highlights of our strategy, we will continue to exhibit structural resilience as we enter the new fiscal year. Though we have faced increased inputs due to the labour shortages as well as the geopolitical reasons, but we have devised it out with the balance inventory to us and seen that our balance sheet will not be impacted due to it. During the quarter, the company achieved a sales booking of 221 units, which is equivalent to 2.31 lakh square feet and that is up by 15% on year-on-year in terms of area, amounting to INR 173 crores and again in value wise an increase of 15%. This demonstrates that underlying market demand cross our core territories. Our average selling price per square feet has also remained same at INR 7,500 per square feet which is almost similar to Q1FY26. For this first quarter of Q1 FY27, the average price of the unit which has been sold stood at INR 78 lakhs per unit. We remain focused on gradually improving our average selling price due to the premium products contributing to the total sales value going forward. We are happy to update that our projects are getting completed, we received occupancy certificate for Arihant 5 Anaika, Arihant 6 Anaika, Arihant Anant, Arihant Aaradhya Phase 1 and that means around, 1,495 units have been completed and ready for offering of the possession in the coming quarters and days and that tells that the operations are smooth and clear. The collections also for the quarter stood at INR 161 crores registered a yearly growth of 28%. Our GDV (Gross Development Value) has increased from INR 6,000 crores to INR 14,000 crores in the last five years without any significant fundraise. The only fundraise which we did in the past was INR 36 crores via preferential. With the borrowings which have increased, the GDV has also increased to a larger size, which would contribute in a big way to the company's financials in the coming day. As a short-term evaluation, all what we purchased out very much in time, the land of World Villas and Town Villas and business development in Thane as well as in Shilphata, that already has seen up an uprise of land prices going to almost 3x that tells that the investments were done very well in right in time and the scalability could be done due to those strategic decisions in spite of not fearing to increase the debt to the company. Because the increase in debt versus the GDV and the financials has a great alpha in the coming days. We are happy to share that ASL is already transacting and emerging as an diversified developer rather than only pure residential. Our investments in annuity assets is closing down for the second hotel also with Sunday at near Imagicaa. The earlier one which has been, which has been concluded is the 5-star hotel at World Villas. The greatest point for this would be that the land prices for this has been to an extent of contribution of INR 25 crores - INR 27 crores for World Villas and for the ITC Hotel and around INR 7 crores to INR 8 crores as contribution towards the second hotel, though it were captive because the lands were already there in the kitty of the company. Page 3 of 9 Arihant Superstructures Limi [Showing first 8,000 characters — download PDF for full document]