Analysts/Institutional Investor Meet/Con. Call Updates

August 19, 2026 To, To, National Stock Exchange of India Limited BSE Limited Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai 400 051 Mumbai 400 001 Ref Symbol: VASCONEQ Ref: Scrip Code: 533156 Subject: Regulation 46(2)(oa)(iii) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 - Disclosure of the Transcript of the Analyst Meet Dear Sir/Madam, We wish to inform you that the Company had conducted Analyst Meet with Investors / Analysts on August 14, 2026 with respect to the Unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter ended June 30, 2026. The Transcript of the aforesaid Analyst Meet with Investors /Analysts is available on the Company’s website and can be accessed at: https://www.vascon.com/investors/quarterly-financials-presentations Also, enclosed herewith Transcript (PDF) as attachment for your reference. Thanking You, For Vascon Engineers Limited Neelam Piyush Pipada Company Secretary and Compliance Officer M No.: A31721 “Vascon Engineers Limited Q1 FY27 Earnings Conference Call” August 14, 2026 MANAGEMENT: DR. SANTOSH SUNDARARAJAN – GROUP CHIEF EXECUTIVE OFFICER – VASCON ENGINEERS LIMITED MR. RAVEESH RAO – CHIEF EXECUTIVE OFFICER, REAL ESTATE SEGMENT – VASCON ENGINEERS LIMITED MR. SOMNATH BISWAS – CHIEF FINANCIAL OFFICER – VASCON ENGINEERS LIMITED MODERATOR: MR. AKHILESH GANDHI – STELLAR INVESTOR RELATIONS Page 1 of 15 Vascon Engineers Limited August 14, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Vascon Engineers Limited Q1 FY27 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 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 Mr. Akhilesh Gandhi from Stellar Investor Relations. Thank you, and over to you, Mr. Gandhi. Akhilesh Gandhi: Thank you, Avirat. Good morning, everyone. I, Akhilesh Gandhi. On behalf of Stellar Investor Relations, welcome you all to the Vascon Engineers Q1 FY27 Earnings Conference Call. We shall be sharing the key operating and financial highlights for the first quarter ended on June 30, 2026. Today, we have senior management team of Vascon Engineers. We have Dr. Santosh Sundararajan, he's the Group CEO. Along with him, we have Mr. Raveesh Rao, he's the Chief Executive Officer for Real Estate. And along with him, we also have Mr. Somnath Biswas, he's the Chief Financial Officer. Before we begin, I would like to state that this call may contain some of the forward-looking statements, which are completely based upon the company's beliefs, opinions and expectations as of today. The statements made in today's call are not a guarantee of future performance and also involve unforeseen risks and uncertainties. The company also undertakes no obligation to update any forward-looking statements to reflect developments that occur after the statement is made. Documents relating to the company's financial performance, including the investor presentation is already been uploaded on the stock exchange. With that, now I invite Dr. Santosh Sundararajan sir, to state his opening remarks on the company's performance for the first quarter ended on June 30, 2026. After that, we'll open our floor for the Q&A session. Thank you, and over to you, sir. Santosh Sundararajan: Thanks, Akhilesh. Good morning, everyone. It is my pleasure to welcome you to Vascon Engineers earnings conference call for the first quarter of FY27. Thank you for taking the time to join us today. I trust you've had an opportunity to review our financial results and the investor presentation available on the stock exchanges as well as the company's website. As we commence FY27, our key priorities remain clear, to accelerate project execution, strengthen our order book, improve cash flow efficiency and maintain financial discipline across the businesses. On the EPC business, EPC continues to be the cornerstone of Vascon's growth strategy. Over the years, we have successfully delivered more than 225 projects covering over 45 million square feet across India. Our integrated turnkey abilities, along with our in-house design and engineering expertise continue to be an important differentiator for us in the market. During Q1 FY27, our focus remained on progressing our existing portfolio while simultaneously Page 2 of 15 Vascon Engineers Limited August 14, 2026 strengthening the pipeline for future quarters. As of June 30, 2026, our total EPC order book stands at approximately INR2,850 crores, comprising an external EPC order book of INR2,531 crores and an internal order book of INR319 crores. This represents about 3x our FY26 EPC revenue and provides strong revenue visibility over the medium term. During the quarter, we secured a INR295 crores order from CPWD for the construction of the RBI Colony in Guwahati. This further strengthens our presence in large government-led infrastructure projects. In addition, we further strengthened our EPC pipeline with an LOI worth INR126 crores, excluding GST from Maharashtra Public Works Department for the development of a 300-bedded General Hospital at Wardha, Maharashtra. The LOI was received on August 12, 2026. This opportunity further strengthens our presence in the health care and government infrastructure segment and add to the visibility of our future order inflows. Looking ahead, we are targeting approximately INR1,500 crores to INR2,000 crores of new EPC order intake during FY27. Our focus will remain on securing large and high-value civil construction projects from government as well as reputed private sector clients. On the execution, during the quarter, we did experience some moderation in EPC execution. The key factor was temporary cash flow constraints in 2 major government projects, which impacted the pace of execution and consequently, revenue recognition during Q1 FY27. We consider this primarily a timing-related execution issue rather than a structural concern with our order book. Fund flows for the affected projects are expected to commence from August 2026, which should enable us to progressively ramp up our execution. At the same time, some projects awarded in earlier years are now approaching completion and therefore, contributed relatively lower revenue during the quarter. The newer projects secured during FY26 and Q1 FY27 are still in initial stages of execution and are expected to make a more meaningful contribution from Q3 onwards. Our immediate priority, therefore, is to accelerate execution across the existing portfolio, ensure timely mobilization of resources and convert our strong order book into revenue. Our strategic engagement with Adani Infra India Limited is also expected to support future order inflows and further strengthen our EPC order book over the medium term. Our strengthened banking relationship will also play an important role in supporting the next phase of growth. As of June 30, 2026, we had total sanctioned banking limits of approximately INR760 crores, including fund-based and non-fund-based facilities. Of this, approximately INR355 crores remains unutilized. This provides us with additional financial flexibility to mobilize resources, support project execution and pursue opportunities as our order book continues to grow. Let me now spend a few minutes on our real estate business. We have set ourselves a clear long-term ambition of building towards an annual booking value of INR1,200 crores to INR1,500 crores by FY31. As outlined in our investor presentation, this forms an important Page 3 of 15 Vascon Engineers Limited August 14, 2026 part of our FY30, '31 growth and acquisition strategy. To achieve this objective, we [Showing first 8,000 characters — download PDF for full document]