Analysts/Institutional Investor Meet/Con. Call Updates

Ref: BEL/NSE/BSE/20082026 August 20, 2026 Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Re.: Scrip Symbol: BRIGADE/Scrip Code: 532929 Dear Sir, Sub: Transcript of Conference Call on the Company’s Q1 FY-2026-27 Earnings – August 14, 2026: We are enclosing herewith the transcript of the Conference Call on the financial and operational performance of the Company for Q1 FY 2026-27 held on Friday, August 14, 2026. Kindly take the same on your records. Thanking you, Yours faithfully, For Brigade Enterprises Limited P. Om Prakash Company Secretary & Compliance Officer Encl.: a/a “Brigade Enterprises Limited Q1 FY27 Financial Results Conference Call” August 14, 2026 MANAGEMENT: MR. M. R. JAISHANKAR – EXECUTIVE CHAIRMAN – BRIGADE ENTERPRISES LIMITED MS. PAVITRA SHANKAR – MANAGING DIRECTOR – BRIGADE ENTERPRISES LIMITED MS. NIRUPA SHANKAR – JOINT MANAGING DIRECTOR – BRIGADE ENTERPRISES LIMITED MR. YOGESH PATEL – CHIEF FINANCIAL OFFICER – BRIGADE ENTERPRISES LIMITED MR. OM PRAKASH – COMPANY SECRETARY – BRIGADE ENTERPRISES LIMITED MR. ROSHIN MATHEW – EXECUTIVE DIRECTOR – BRIGADE ENTERPRISES LIMITED MR. AMAR MYSORE – EXECUTIVE DIRECTOR – BRIGADE ENTERPRISES LIMITED MR. PRADYUMNA KRISHNA KUMAR – EXECUTIVE DIRECTOR – BRIGADE ENTERPRISES LIMITED Page 1 of 13 Brigade Enterprises Limited August 14, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Brigade Enterprises Limited Q1 FY27 Financial Results 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 the 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. Pavitra Shankar, Managing Director of Brigade Enterprises Limited. Thank you, and over to you, ma'am. Pavitra Shankar: Good afternoon, everyone, and thank you for joining us for Brigade Enterprises Limited's Q1 FY27 Earnings Call. I'm joined by the management of Brigade Group, our Executive Chairman, Mr. M.R. Jaishankar; Joint Managing Director, Ms. Nirupa Shankar; Executive Directors, Mr. Roshin Mathew; Mr. Amar Mysore; and Mr. Pradyumna Krishna Kumar; and our CFO, Mr. Yogesh Patel. In Real Estate, Q1 FY27 saw consistent performance coming off a launch-led Q4 FY26. Although we did not have new launches in Q1, we remain on track for our FY27 guidance, supported by a strong launch pipeline over the coming quarters as well as contribution from our sustenance sales. Pan-India, residential sales were down 6% year-on-year in the same April to June window as per Anarock, with Bengaluru and Hyderabad among the only major cities to hold sales growth in the quarter, a favorable backdrop for Brigade given both our core markets. For Brigade, Q1 FY27 net sales were INR1,061 crores, 5% lower against Q1 FY26. Our realization though increased to INR14,256 per square foot, a strong 21% year-over-year improvement, driven by disciplined pricing increases in our existing projects and a positive shift in our product mix towards higher-value homes. Our planned relaunch of Brigade Morgan Heights highlighted last quarter was impacted by the project's environmental clearance being revoked by SEIAA. We have refunded affected homebuyers. Our position remains that the project land does not fall within the Pallikaranai marshland. We have approached the High Court, which in turn directed SEIAA, which is a state environment impact authority to file its counter affidavit and asked all authorities to maintain status quo. We are committed to the project and will plan the relaunch once the issue has been addressed. For the next 4 quarters, our launch pipeline stands at 16.4 million square feet, of which 12.4 million square feet is residential with a GDV of approximately INR13,400 crores. Bengaluru accounts for 4.3 million square feet, Hyderabad, 4 million, Chennai 3 million and Mysore 1 million square feet. Of the 4 million square feet launch pipeline for commercial, Bengaluru accounts for 2.6 million square feet; Chennai 1.3 million square feet and Kochi 0.2 million. We also have 1,700 keys of hospitality inventory in the pipeline. This pipeline gives us confidence that we remain on track for our FY27 guidance of INR9,000 crores in presales with launches expected to be more back-ended into the coming quarters, similar to the pattern we saw in FY26. Page 2 of 13 Brigade Enterprises Limited August 14, 2026 On the business development front, for the residential segment, we added INR2,400 crores of GDV across 2.7 million square feet in projects during Q1 FY27, primarily in Hyderabad. We continue to monitor the macroeconomic situation in terms of the Middle East conflict and impact of AI, but believe that the core drivers of growth remain intact. Brigade Group's commercial office business continued to deliver resilient operating performance in Q1 FY27 with an operational portfolio of 8 million square feet of GLA across Bengaluru, Chennai, Kochi and Ahmedabad and portfolio occupancy at 88%. The business recorded 0.22 million square feet of gross leasing during the quarter. Leasing demand during the quarter remained broad-based, led by industrial and manufacturing, flexible workspace and life sciences. At the portfolio level, GCCs contributed 58% of gross leasing with the GCC occupier base diversified across automotive and mobility, technology, industrial and engineering and BFSI. IT and ITES accounts for 26% of the overall portfolio mix, reflecting a diversified occupier profile across the commercial office portfolio. Commercial office revenue stood at INR200 crores, while operating EBITDA margin stood at 80% and rental collections remained robust at 99%. The business had 0.9 million square feet of vacant lease-up opportunities within its operational portfolio. Turning to retail. As of Q1 FY27, the Orion Mall portfolio delivered a strong performance with footfalls growing 11% year-on-year. The increase was driven by brand-new additions, mall-led experiential promotional events, along with a 20% year-on-year rise in cinema admissions. Retail sales grew 35% year-on-year, led by strong growth in destination categories. Across the malls, anchor retailers emerged as a key growth driver with a 64% year-on-year increase in sales led by new anchors, followed by F&B restaurants at 46% year-on-year and electronics at 33% year-on-year. Turning to hospitality. BHVL delivered a strong quarter despite geopolitical disruptions from the West Asia conflict by shifting focus to domestic demand. The company achieved 7% ADR growth, 2% occupancy growth, 9% growth in RevPAR and EBITDA and a 140% increase in profit from INR7 crores to INR17 crores. Domestic corporate travel, weddings and social events remained resilient, helping offset weaker international travel demand. While F&B revenues were impacted by softer MICE activity and event postponements, management views this as a temporary challenge. During the quarter, BHVL rebranded Four Points by Sheraton Kochi Infopark to Courtyard by Marriott Kochi Infopark and remains confident of continued ARR growth supported by strong demand and limited supply in its markets. Looking ahead, BHVL has a 1,700 key development pipeline, targeting 3,300 keys by FY '31. The company will launch Courtyard by Marriott Chennai WTC, 45 keys and part of the WTC Chennai campus in FY27. Page 3 of 13 Brigade Enterprises Limited August 14, 2026 Sustainability efforts continue to gain momentum with 61% of portfolio energy requirements now sourced from renewable energy. The current operating portfolio is entirely EDGE certified, a green building standard from IFC, the International Finance Corporation. With that, I wil [Showing first 8,000 characters — download PDF for full document]