Submission of transcript of Earning Call held on 12th August 2026 for the quarter ended June 20, 2026

Date: 17th August 2026 To To The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Plot no. C/1, G Block Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Security Code No.: 523716 NSE Symbol: ASHIANA Sub: Transcript for Earnings Call held on 12th August 2026 for the quarter ended on 30th June 2026 Dear Sir, Please find attached the Transcript for Earnings Call for analysts and investors held on 12th August 2026 to discuss the performance of the company for the quarter ended on 30th June 2026. Kindly take the above information on record. Thanking you, For Ashiana Housing Ltd. Nitin Sharma (Company Secretary & Compliance Officer) Membership No. 21191 Ashiana Housing Ltd. 304, Southern Park, Saket District Centre, Saket, New Delhi – 110 017 CIN: L70109WB1986PLC040864 Regd. Office: 5F Everest, 46/C Chowringhee Road, Kolkata – 700 071 011-42654265, Email: investorrelations@ashianahousing.com Website: www.ashianahousing.com “Ashiana Housing Limited Q1 FY27 Earnings Conference Call” August 12, 2026 MANAGEMENT: MR. VARUN GUPTA – WHOLE-TIME DIRECTOR – ASHIANA HOUSING LIMITED MR. VIKASH DUGAR – CHIEF FINANCIAL OFFICER – ASHIANA HOUSING LIMITED MODERATOR: MS. KUNJAL AGARWAL – ARIHANT CAPITAL MARKETS LIMITED Page 1 of 14 Ashiana Housing Limited August 12, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Ashiana Housing 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 touch- tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Kunjal Agarwal from Arihant Capital Markets. Thank you, and over to you, ma'am. Kunjal Agarwal: Hello, and good evening to everyone. On behalf of Arihant Capital Markets Limited, I thank you all for joining into Q1 FY27 earnings conference call of Ashiana Housing Limited. Today from the management, we have Mr. Varun Gupta, the Whole-Time Director; and Mr. Vikash Dugar, the CFO of the company. So without any further delay, I would hand over the call to the management for their opening remarks. Over to you, sir. Vikash Dugar: Thank you. Good evening, everyone, and a warm welcome to all of you for joining our earnings conference call for the first quarter of financial year 2027. The real estate sector entered FY27 on a more moderated note after the strong momentum witnessed through FY26. Residential demand across key markets softened somewhat during the quarter, weighed down by global economic uncertainties and a cautious wait-and-watch approach among some homebuyers. At the same time, developers continue to remain confident in the medium to long- term outlook with new project launches holding firm and prices remaining resilient across most markets. Premiumization continued to be defining trend, with buyers increasingly gravitating towards larger, well-designed homes from established and financially disciplined developers, reinforcing the ongoing shift towards organized and branded players. The Senior Living segment continued to remain relatively insulated from these broader demand fluctuations, supported by structural demographic-led growth drivers. Changing family structures, rising urbanization and a growing preference for community-based living among senior citizens continue to strengthen the long-term case for this segment. With organized supply still limited relative to the size of India's aging population, the opportunity for established players in this space remains significant and largely unaffected by short-term cyclicality in the broader housing market. I will now take you through our operating highlights for the quarter, followed by our financial performance. Starting with our operational performance for the quarter. The company recorded a booking value of INR358 crores during the quarter gone by, with 3.6 lakh square feet of area sold across 234 units. While bookings moderated compared to the exceptionally strong preceding quarter, our collections remained healthy at INR409 crores, registering a 6% year-on-year growth, reflecting sustained customer confidence and strong collection efficiency. Page 2 of 14 Ashiana Housing Limited August 12, 2026 Average realization also improved significantly to INR9,923 per square foot, representing a 37% year-on-year increase, driven by a favorable product mix and continued pricing resilience across our portfolio. During the quarter, we made a significant investment towards our future growth pipeline through acquisition of 28.55 acres of land at Vadgaon, Maval in Pune. This is the largest ever land acquisition undertaken by the company for a Senior Living project with an estimated saleable area of approximately 20 lakh square feet and a potential sales value of around INR1,800 crores. On the execution front, we commenced handover for Phase 1 of Ashiana Nitara in Jaipur during the quarter, marking another important milestone in our project delivery. Overall, we continue to make meaningful progress across the key pillars of our long-term growth strategy by maintaining a diversified geographical presence, expanding our Senior Living portfolio, strengthening our development pipeline and progressing steady on project execution. Coming to the financial performance. Revenue from operations for the quarter stood at INR107 crores compared to INR293 crores in Q1 FY26. Revenue recognition in Q1 FY27 was primarily driven by handovers at Ashiana Nitara in Jaipur. Higher revenue in FY26 was attributable to more deliveries. PAT for Q1 FY27 was lower vis-a-vis Q4 of FY26 due to lower deliveries. Importantly, our operating cash generation remained healthy during the quarter at INR121 crores compared to INR108 crores in same quarter last year. This reflects the strength of our collections, disciplined execution and efficient working capital management despite lower reported revenues. We also commenced the redemption of NCDs issued to ICICI Prudential Mutual Fund during the quarter, INR31.25 crores, representing 25% of the original issue was redeemed. Overall, while the reported revenue for the quarter was impacted by timing of project handovers, the company continued to demonstrate healthy operating cash flow generation, maintained a disciplined approach towards capital allocation and strengthened its development pipeline, particularly in the Senior Living segment. With this, I would like to open the floor for Q&A session. Thank you. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question is from the line of Rohan Joshi, an Individual Investor. Rohan Joshi: Hi sir. Am I audible? Varun Gupta: Yes, you are audible, Rohan. Rohan Joshi: So thank you for giving me the opportunity. So my question was on the line that the quarter 1 bookings suggest a back-ended year versus the full year target. So I just wanted to know that which specific launches are expected to drive the bookings in H2? And like what gives the confidence in hitting the FY27 guidance that you have given in the previous con-calls given this soft start? Page 3 of 14 Ashiana Housing Limited August 12, 2026 Vikash Dugar: Varun ji, are you there? Varun Gupta: Yes, I am there. Vikash, why don't you take it? Vikash Dugar: Yes. So you're right that the quarter 1 has been relatively softer, but we have got launches lined up. And there are a couple of launches lined up in Q4 that we have in the present year. Rohan Joshi: Okay. Sir. Varun Gupta: I will just come in, sorry. In July, we took out an operational update. So in July, we had a great launch of a project called Ashiana Oma. So as of 31st July, our full year sales had reached to about INR859-odd crores. So if you look at the July month was bette [Showing first 8,000 characters — download PDF for full document]