Ajmera Realty & Infra India Limited

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RIIL/BSE-NSE/2026-27 Date: May 25, 2026 To, The Manager, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 To, The Manager – Listing, National Stock Exchange of India Limi

3.1x

LINED TRANSFORMATION Strong performance across all key metrics NET PROFIT (PAT) REVENUE EBITDA 3.1x 3.0x AVERAGE REALIZATION INR per sq ft 2.1x DEBT/EQUITY RATIO 1/2x FY26 Revenue: INR 1,098

3.0x

TRANSFORMATION Strong performance across all key metrics NET PROFIT (PAT) REVENUE EBITDA 3.1x 3.0x AVERAGE REALIZATION INR per sq ft 2.1x DEBT/EQUITY RATIO 1/2x FY26 Revenue: INR 1,098 Cr F

2.1x

ll key metrics NET PROFIT (PAT) REVENUE EBITDA 3.1x 3.0x AVERAGE REALIZATION INR per sq ft 2.1x DEBT/EQUITY RATIO 1/2x FY26 Revenue: INR 1,098 Cr FY26 EBITDA: INR 306 Cr FY26 Realization: 2

2x

PAT) REVENUE EBITDA 3.1x 3.0x AVERAGE REALIZATION INR per sq ft 2.1x DEBT/EQUITY RATIO 1/2x FY26 Revenue: INR 1,098 Cr FY26 EBITDA: INR 306 Cr FY26 Realization: 25,760 FY26 Ratio: 0.53x

INR 1,098

TDA 3.1x 3.0x AVERAGE REALIZATION INR per sq ft 2.1x DEBT/EQUITY RATIO 1/2x FY26 Revenue: INR 1,098 Cr FY26 EBITDA: INR 306 Cr FY26 Realization: 25,760 FY26 Ratio: 0.53x FY21 Revenue: INR 352 Cr C

INR 306

EALIZATION INR per sq ft 2.1x DEBT/EQUITY RATIO 1/2x FY26 Revenue: INR 1,098 Cr FY26 EBITDA: INR 306 Cr FY26 Realization: 25,760 FY26 Ratio: 0.53x FY21 Revenue: INR 352 Cr CAGR: 26% FY21 EBITDA: IN

0.53x

O 1/2x FY26 Revenue: INR 1,098 Cr FY26 EBITDA: INR 306 Cr FY26 Realization: 25,760 FY26 Ratio: 0.53x FY21 Revenue: INR 352 Cr CAGR: 26% FY21 EBITDA: INR 101 Cr CAGR: 25% FY21 Realization: 12,083 C

INR 352

: INR 1,098 Cr FY26 EBITDA: INR 306 Cr FY26 Realization: 25,760 FY26 Ratio: 0.53x FY21 Revenue: INR 352 Cr CAGR: 26% FY21 EBITDA: INR 101 Cr CAGR: 25% FY21 Realization: 12,083 CAGR: 16% FY21 Ratio: 1.

26%

Y26 EBITDA: INR 306 Cr FY26 Realization: 25,760 FY26 Ratio: 0.53x FY21 Revenue: INR 352 Cr CAGR: 26% FY21 EBITDA: INR 101 Cr CAGR: 25% FY21 Realization: 12,083 CAGR: 16% FY21 Ratio: 1.13x Delevera

INR 101

6 Cr FY26 Realization: 25,760 FY26 Ratio: 0.53x FY21 Revenue: INR 352 Cr CAGR: 26% FY21 EBITDA: INR 101 Cr CAGR: 25% FY21 Realization: 12,083 CAGR: 16% FY21 Ratio: 1.13x Deleveraging 5.1x FY26 PAT: I

25%

tion: 25,760 FY26 Ratio: 0.53x FY21 Revenue: INR 352 Cr CAGR: 26% FY21 EBITDA: INR 101 Cr CAGR: 25% FY21 Realization: 12,083 CAGR: 16% FY21 Ratio: 1.13x Deleveraging 5.1x FY26 PAT: INR 157 Cr FY

“VALUE UNLOCKING BY FAST TRACKING LAUNCHES FY26 FY27 Onwards in about 4 years Balance potential to be executed in phases Launched in Q2 FY26 Manhattan 2 Est.”

“ft.) 5.4 20.1 21.7 47.2 1,750 1,800 8,900 12.450 - GDV ( INR Cr) 1,750 7,261 9,583 18,594 FY26 32”

“WADALA UPCOMING PHASES UBER RESIDENTIAL MANHATTAN 1 MANHATTAN 2 UPCOMING MANHATTAN PHASES BOUTIQUE OFFICES Development Category Manhattan 2 (Launched in Q2 FY26) Boutique Office –Phase 1 (Launch planned in Q3 FY27) Residential (To be launched) Boutique office - Phase 2 (To be launched) Uber Residential (To be launched) Total Carpet Area Estimated GDV (INR Cr) Carpet Area (Lakh Sq.”

“ft.) 5.4 9.8 9.0 10.3 12.7 47.2 18,594 FY26 34”

“FY26 37 GUIDANCE vs ACTUAL FY26E Sale s Guidance INR 1,600 Cr Project Additions INR 3,750 Cr Debt / Equity 0.85x FY26 Sale s Value INR 1,701 Cr Project Additions INR 2,433 Cr Debt / Equity 0.53x Act ual G uidance FY27E Sale s Guidance INR 2,200 Cr Project Additions INR 1,800 Cr Debt / Equity 1.00x FY26 38 5x ROAD MAP - STRATEGY Organic Growth Strategy Inorganic Growth Strategy ▪ Unlocking potential of owned land bank ▪ Owned land in Mumbai has potential for 10.4 mn sq.”

“INR 3,150 Cr over the lifecycle of ▪ ▪ ▪ FY26 44 E S G ENVIRONMENT | SOCIAL | GOVERNANCE ESG: ENVIRONMENTAL INITIATIVES INCORPORATE GREEN BUILDINGS STANDARDSLIKE IGBCCERTIFICATION USE LOW EMISSION CONSTRUCTION MACHINERY AND EQUIPMENTS PARTNERED WITH WASTE MANAGEMENT COMPANIES TO ENSURE PROPER DISPOSAL AND RECYCLING OF PROVIDE ENERGY- EFFICIENT LIGHTING AND HVAC SYSTEMS MATERIALS.”

“Ajmera Realty & Infra India Ltd, 2nd Floor, Citi Mall, Andheri Link Road, Andheri (West), Mumbai - 400053 Phone: 022 - 6698 4000 FY26 52”

WADALA OUTLOOK

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OWNED LANDBANK

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DEVELOPMENT POTENTIAL

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Registered Office

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WADALA OUTLOOK

VALUE UNLOCKING BY FAST TRACKING LAUNCHES FY26 FY27 Onwards in about 4 years Balance potential to be executed in phases Launched in Q2 FY26 Manhattan 2 Est. GDV: INR 1,750 Cr Carpet Area: 5.4 Lakh sq.ft. 48% Inventory Sold Boutique Office Est. GDV: INR 7,261 Cr Est. Carpet: 20.1 Lakh sq.ft. Uber Residential Est. GDV: INR 6,383 Cr Est. Carpet: ~12.7 Lakh sq.ft Manhattan Next Phases Est. GDV: INR 3,200 Cr Est. Carpet: ~9 Lakh sq.ft Development Category Manhattan 2 Boutique office Upcoming phases Total Development Category Manhattan 2 Boutique office Upcoming phases Total Carpet area ( Lakh sq. ft.) ~GDV ( INR Cr ) 5.4 6.0 22.8 34.2 Post changes in FSI Carpet area ( Lakh sq. ft.) 5.4 20.1 21.7 47.2 1,750 1,800 8,900 12.450 - GDV ( INR Cr) 1,750 7,261 9,583 18,594 FY26 32

OWNED LANDBANK

WADALA UPCOMING PHASES UBER RESIDENTIAL MANHATTAN 1 MANHATTAN 2 UPCOMING MANHATTAN PHASES BOUTIQUE OFFICES Development Category Manhattan 2 (Launched in Q2 FY26) Boutique Office –Phase 1 (Launch planned in Q3 FY27) Residential (To be launched) Boutique office - Phase 2 (To be launched) Uber Residential (To be launched) Total Carpet Area Estimated GDV (INR Cr) Carpet Area (Lakh Sq. ft.) 5.4 9.8 9.0 10.3 12.7 47.2 18,594 FY26 34

DEVELOPMENT POTENTIAL

BLUEPRINT FOR NEAR TERM SCALE Location Development Category Estimated Carpet Area (lakh Sq.ft.) ARIIL Stake Development Plan Estimated GDV (INR Cr) Wadala Manhattan 2 Upcoming (Residential & Uber Residential) Boutique office Total Wadala Multiple projects at launches Residential GRAND TOTAL 5.4 21.7 20.1 47.2 3.7 50.9 FY26 100% Launched in September 2025 1,750 100% Phase -wise launch within 1 -3 years 9,583 100% Phase -wise launch within 1 -3 years 7,261 100% 18,594 100% & 70% To be launched in FY27 6,324 24,918 35 OWN LAND BANK: KANJURMARG Kanjurmarg PROJECT OVERVIEW DEVELOPMENT ROADMAP FY26 FY27E FY28E APPROVALS & MASTER PLANNING STRATEGIC TIE 7 ACRE PARCEL - UP LAUNCH PHASE Strategic Tie - up Development Parcel 55 Acre Land Parcel Residential 29.5 Lakh Sq Ft Retail / Hospitality / Commercial 42.2 Lakh Sq Ft Total Potential Development 71.7 Lakh Sq Ft Total Estimated GDV INR 22,618 Cr Development Timeline ~9 Years FY26 ▪ Architect appointment (Woods Bagot, US - based) ▪ Master planni

Registered Office

Ajmera Realty & Infra India Ltd, 2nd Floor, Citi Mall, Andheri Link Road, Andheri (West), Mumbai - 400053 Phone: 022 - 6698 4000 FY26 52