Analysts/Institutional Investor Meet/Con. Call Updates

August 24, 2026 To To National Stock Exchange of India Limited, BSE Limited Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (East), 21st Floor, Dalal Street, Mumbai Mumbai – 400 051 – 400 001 NSE Symbol: SURAJEST BSE Scrip Code: 544054 Dear Sir/Madam, Sub: Transcript of Analyst/Investors conference call held on August 17, 2026 Ref: Pursuant to Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 With reference to our letter dated August 12, 2026 intimating you about the conference call with Analyst/Investors which was held on August 17, 2026, please find attached the transcript of the aforesaid conference call. The above information will also be available on the website of the Company i.e. https://surajestate.com/investor-corner/ We request you to kindly take the above information on record. Thanking you, Yours faithfully, For Suraj Estate Developers Limited Mukesh Gupta Company Secretary & Compliance Officer ICSI Membership No.: F6959 SURAJ ESTATE DEVELOPERS LIMITED Aman Chambers, 3rd Floor, Century Bazaar, Prabhadevi, Mumbai, Maharashtra 400025 Call +91 022 2437 7877/+91 022 2436 0802/ +91 022 2432 7656/ +91 022 2436 3471 CIN No. L99999MH1986PLC040873 www.surajestate.com “Suraj Estate Developers Limited Q1 FY27 Earnings Conference Call” August 17, 2026 “E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 17th August 2026 will prevail.” MANAGEMENT: MR. RAHUL THOMAS – WHOLE-TIME DIRECTOR – SURAJ ESTATE DEVELOPERS LIMITED MR. SHREEPAL SHAH – CHIEF FINANCIAL OFFICER – SURAJ ESTATE DEVELOPERS LIMITED SGA, INVESTOR RELATIONS ADVISORS – SURAJ ESTATE DEVELOPERS LIMITED Page 1 of 9 Suraj Estate Developers Limited August 17, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call hosted by Suraj Estate Developers Limited. 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. Rahul Thomas, Whole-Time Director from Suraj Estate Developers Limited. Thank you, and over to you, sir. Rahul Thomas: Good afternoon, everyone. I welcome you all to our Q1 FY27 earnings conference call. Along with me, I have our CFO, Mr. Shreepal Shah; and SGA, our Investor Relations advisers. I hope all of you have gone through our investor presentation uploaded on the stock exchanges and our company website. South and Central Mumbai remain among Mumbai's most established and premium real estate markets, benefiting from a mature commercial ecosystem, strong social infrastructure, connectivity and proximity to key employment centers. In the office segment, the CBD and Worli continue to see limited availability of quality Grade A space, while Lower Parel remains an active leasing destination, supported by demand from established occupiers. With limited development opportunities in these established locations, the office market is expected to retain its premium positioning and rental resilience. The residential market is similarly positioned towards the high-end and luxury segments with South Central Mumbai encompassing Worli, Prabhadevi, Lower Parel, Parel, Dadar, Matunga, Mahim, etcetera. Demand is supported by strong end user preferences for established neighborhood, while redevelopment is emerging as an important avenue for creating new housing supply within these mature locations. The continued development of premium residential projects, combined with limited land availability is reinforcing the region's positioning as a preferred destination for premium housing. These markets are the key focus markets for Suraj Estate, where the company has established a strong presence and a deep market understanding, particularly across South and Central Mumbai. Our established footprint in these micro markets position the company well to benefit from the sustained demand for premium residential developments and continued redevelopment opportunity in the region. Overall, the region's established character and scarcity of developable opportunities provide a strong structural foundation for both commercial and residential real estate. The combination of sustained occupiers and homebuyer interest, redevelopment-led development potential and premium asset positioning should continue to support the market's long-term attractiveness. Our ongoing projects continue to witness healthy momentum with a total sold area reaching 5.95 lakh square feet with an average realization of approximately INR45,922 per square foot. We have achieved cumulative collections of INR1,672 crores with Page 2 of 9 Suraj Estate Developers Limited August 17, 2026 a balance receivable of approximately INR1,060 crores providing strong cash flow visibility and reinforcing our confidence in the company's long-term growth trajectory. During the quarter, we continued to make steady progress across our ongoing developments with healthy absorption across both residential and commercial projects. Suraj One Business Bay, our marquee commercial development in Mahim has witnessed strong sales traction since its launch with approximately 33% of inventory sold post launch, demonstrating healthy demand and strong absorption for our commercial offering. We have also continued to strengthen the project development potential through the proposed acquisition of the adjoining land parcel, which is expected to further enhance the project scale and strengthen our commercial footprint in the Mahim micro market. Additionally, we acquired a strategically located land parcel in Dadar West with a total acquisition cost of approximately INR18 crores. The parcel has a sale potential of approximately 18,000 square feet with an estimated GDV of approximately INR100 crores. This acquisition strengthens our near- to medium-term project pipeline and further consolidates our presence across the core South Central Mumbai micro market. Looking ahead, we remain optimistic about the long-term outlook for Mumbai's real estate across both residential and commercial segments. Resilient customer demand, redevelopment opportunities, disciplined execution and selective addition of new development opportunities continue to create attractiveness avenues for sustainable growth. With a healthy mix of residential and commercial projects across our core markets, a healthy pipeline of ongoing and upcoming developments, we remain well positioned to build on the momentum achieved during the quarter and strengthen our long-term growth trajectory. With this, I would like to hand over the call to Mr. Shreepal for the financial and operational highlights. Thank you. Shreepal Shah: Thank you, Rahul. I will run you through the financial and operational highlights for the quarter ended June 2026. Starting with the quarterly financial performance for Q1 FY27, total income stood at INR146 crores compared to INR133 crores in quarter one FY26, registering a 10% year- on-year growth. EBITDA increased to INR55 crores from INR50 crores, representing a 9% year-on-year growth in the EBITDA, while EBITDA margin stood at close to 37.5%. PAT for the quarter stood at INR23 crores compared to INR21 crores in quarter one FY26, registering a 7% year-on-year growth. Operationally, the company continued to deliver strong sales momentum during quarter one FY27. Sales value increased by 74% year-on-year to INR141 crores compared to INR81 crores in the quarter 1 FY26, while sales area also grew by 74% to 28,834 square feet from 16,524 square feet. The collections during the quarter stood at INR86 crores compared to INR115 crores in quarter one FY26. 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