ASHOKA

- Ashoka Buildcon Limited announced the receipt of the Provisional Certificate (COD) for its NHAI Hybrid Annuity Mode (HAM) project in Karnataka. - Commercial Operation Date (CoD) declared as October 07, 2026, for a 45.05 KM stretch. - The SPV will receive annuity payments from NHAI every 6 months for 15 years.

Order Win: Ashoka Buildcon Limited won order from North Eastern Railway (NER) Order Value: ₹290.23 Crore (incl. GST). Completion Timeline: 24 months

- Ashoka Buildcon Limited has issued 2,000 units of Commercial Papers (CPs) aggregating ₹100 Crore on October 9, 2026. - The tenure of the CPs is 88 days with a maturity date of January 5, 2027. - The coupon rate offered is 7.20% with upfront interest payment and principal payable on maturity. - The CPs are unsecured and proposed to be listed on BSE Limited.

- Ashoka Buildcon Limited has successfully paid the entire redemption amount of ₹100 Crore along with interest on the due date of October 07, 2026. - Interest amount paid: ₹174.44 Lakh. - The redemption was made for Commercial Papers (CPs) under ISIN INE442H14543 upon maturity.

- Ashoka Buildcon has mutually agreed with the Proposed Investor to extend the indicative completion date for the sale of stake in its subsidiary, Ashoka Baswantpur Singnodi Road Private Limited (BS). - The extension is to allow for the individual completion of certain conditions precedent and other terms outlined in the transaction documents. - The new indicative date for completion of the transaction for BS is extended up to October 31, 2026.

- Trading window for designated persons and immediate relatives closed from October 01, 2026. - Closure remains effective until 48 hours after declaration of Q2/H1 FY27 financial results. - Board meeting date for declaring the results will be intimated in due course.

- Ashoka Buildcon Limited held its 33rd Annual General Meeting (AGM) on Friday, September 25, 2026, at 12:30 p.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM). - Shareholders considered and voted on ordinary business including the adoption of standalone and consolidated financial statements for the year ended March 31, 2026, and the re-appointment of directors retiring by rotation. - Special business items included the ratification of remuneration for cost auditors and the re-designation of Mr. Sanjay Londhe and Mr. Ashish Kataria as Joint Managing Directors.

- Ashoka Buildcon Limited acquired 100% equity stake in Sakoli Power Transmission Limited (SPV) for a total consideration of ₹3.06 Crore. - The SPV will establish a 400/220/132 kV AIS Sakoli Substation and Associated Transmission Lines on a Build-Own-Operate-Transfer (BOOT) basis. - The Scheduled Date of Commercial Operation (SCOD) is 24 months from the acquisition date of September 23, 2026.

- Ashoka Buildcon extended the completion date for selling its stake in certain subsidiaries (SPVs) and Ashoka Concessions Limited. - The new indicative timeline for the remaining six SPVs (e.g., TS-1, TS-2, TS-3) is extended to October 31, 2026, to fulfil conditions precedent.

- Intimation of Book Closure dates for the 33rd Annual General Meeting (AGM). - Book closure from September 19, 2026, to September 25, 2026 (both days inclusive). - AGM scheduled on Friday, September 25, 2026, at 12:30 p.m. through Video Conferencing/OAVM.

- Order Win: Ashoka Buildcon Limited won order from Rail Vikas Nigam Limited (RVNL) - Order Value: ₹602.16 Crore (incl. GST) - Completion Timeline: 30 months from date of commencement - Project Details: Supply, Erection, Testing & Commissioning of Electro Mechanical (E&M) System for tunnels T-13, T-14, T-15 & T-16 under package E-4 of Rishikesh Karnprayag New BG Rail Line Project in Uttarakhand.

- FY27 revenue growth guidance lowered from 20% to 10-15% due to Q1 flat performance and supply chain issues. - FY27 EBITDA margin guidance revised to 9.5% (down 0.5%) for the year; targets 10.5-11% for FY28. - FY27 order inflow guidance set at INR6,000-8,000 Cr, including INR800 Cr secured in Q1 and INR1,800 Cr where the company is L1. - Asset monetization of 6 SPVs for ~INR1,150 Cr: 4 assets expected by Q2 (Sept/Oct) and 2 by Q4 (Dec) due to compliance delays. - Expects third-party debt to reduce to INR500-600 Cr post-monetization; FY27 standalone interest cost estimated at INR225-240 Cr, further reducing to INR200-210 Cr in FY28. - Q1 FY27 Capex was ~INR25 Cr, with a full-year target of ~INR125 Cr. - Won a 4-laning highway project in Guyana for ~INR328 Cr and a Gems & Jewellery Park development in Raipur for INR450 Cr (51% JV stake), marking entry into industrial park development. - Domestic highway awarding remains subdued, but expects good awarding in Q3/Q4; strong opportunities in Railways and Power T&D are being pursued.

- Order Win: Ashoka Buildcon Limited received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited. - Project: Establishment of 400/220/132 kV AIS Sakoli (Dist. Bhandara) on Tariff Based Competitive Bidding. - Order Value: Rs. 1265.37 Million annually for 35 years (Annual Transmission Charges). - Completion Timeline: Establishment in 24 months, followed by 35 years of Operation & Maintenance.

- Audio recording of the Result Update / Earnings Call for Q1 FY27 (quarter ended June 30, 2026) held on August 12, 2026, is now available on the company's website.

- Q1 FY27 Consolidated Revenue ₹1,499.6Cr vs ₹1,887.1Cr (▼21% YoY) - EBITDA ₹292.0Cr vs ₹648.6Cr (▼55% YoY) - PAT ₹127.2Cr vs ₹226.9Cr (▼44% YoY) - EBITDA Margin 19.0% vs 33.5% (▼1450bps)

- Q1 FY27 Standalone Total Income ₹1,320.4Cr vs ₹1,339.1Cr (▼1% YoY) - Standalone EBITDA ₹125.5Cr vs ₹150.7Cr (▼17% YoY) - Standalone PAT ₹31.5Cr vs ₹30.6Cr (▲3% YoY) - Standalone EBITDA Margin 9.5% vs 11.3% (▼180bps) - Total Order Book as of June 30, 2026, is ₹15,251Cr. - Received Letter of Acceptance (LOA) for Gems & Jewellery Park development in Chhattisgarh (51% JV stake). - Received LOA for Four Lane Highway construction in Guyana valued at USD 35.42 million. - Settled NHAI show cause notice by paying ₹1.04Cr, leading to withdrawal of suspension and confirmation of no debarment. - Diluted stake in Ashoka Purestudy Technologies Private Limited from 59% to 39.33%, making it an Associate Company. - Consolidated Debt is ₹2,773Cr. - Timelines for the sale of 6 SPVs of Ashoka Concessions Limited extended to September 2026.

- Q1 FY27 Consolidated Revenue ₹1,499.61Cr vs ₹1,887.07Cr (▼20.5% YoY) - EBITDA ₹257.82Cr vs ₹598.92Cr (▼57.0% YoY) - PAT ₹127.17Cr vs ₹226.89Cr (▼44.0% YoY) - EBITDA Margin 17.19% vs 31.74% (▼1455bps) - The Board approved the re-designation of Mr. Sanjay Prabhakar Londhe and Mr. Ashish Ashok Kataria from Whole-time Directors to Joint Managing Directors, effective August 11, 2026. - The company is involved in an ongoing sub-judice regulatory matter with the CBI regarding alleged bribery and project irregularities. - Divestment of the entire stake in certain HAM subsidiaries and GVR Ashoka Chennai ORR Limited, which are classified as held for sale. - The Group's stake in Ashoka Purestudy Technologies Private Limited reduced from 59% to 39.33%, making it an associate instead of a subsidiary.