MODIS NAVNIRMAN Q2 CONCALL: TARGETS ₹200 CR REVENUE CONTRIBUTION FROM H2 PROJECT COMPLETIONS, EXPECTS HIGHER EBITDA MARGINS & PLANS ₹500 CR ANNUAL PROJECT ADDITIONS

• MANAGEMENT EXPECTS APPROXIMATELY ₹200 CR REVENUE CONTRIBUTION FROM PROJECTS TARGETED FOR COMPLETION DURING H2 FY27 • COMPANY TARGETS COMPLETION OF THREE MAJOR PROJECTS BY 31 MARCH 2027, SUPPORTING HIGHER REVENUE RECOGNITION & CUSTOMER COLLECTIONS • MANAGEMENT EXPECTS Q3 FY27 PERFORMANCE TO IMPROVE YOY, SUPPORTED BY STRONG FESTIVE DEMAND & HIGHER PROPERTY BOOKINGS • MANAGEMENT EXPECTS EBITDA MARGINS TO IMPROVE OVER THE NEXT 2–3 QUARTERS, SUPPORTED BY HIGHER SALES REALIZATIONS & PROJECT COMPLETIONS • COMPANY TARGETS ADDITION OF AT LEAST ₹500 CR IN NEW PROJECT DEVELOPMENT POTENTIAL ANNUALLY, SUPPORTING LONG-TERM GROWTH • FIVE UPCOMING REDEVELOPMENT PROJECTS REPRESENT APPROXIMATELY ₹900 CR DEVELOPMENT POTENTIAL, SUBJECT TO AGREEMENTS & APPROVALS • MANAGEMENT EXPECTS TO FUND UPCOMING PROJECTS THROUGH INTERNAL CASH GENERATION & CUSTOMER COLLECTIONS, WITHOUT ADDITIONAL BORROWING • Q2 REVENUE UP 19.1% QOQ TO ₹69.38 CR, EBITDA UP APPROXIMATELY 25% TO ₹14.50 CR & NET PROFIT UP 23.4% TO ₹10.54 CR • H1 FY27 REVENUE UP 53% YOY TO ₹127.64 CR, EBITDA UP 63% TO ₹26.19 CR & NET PROFIT UP 59% TO ₹19.08 CR • H1 SALES BOOKINGS REACHED ₹202 CR, WITH 78,560 SQ. FT. SOLD AT AN AVERAGE REALIZATION OF ₹25,724 PER SQ. FT. • COMPANY HAS APPROXIMATELY ₹661 CR REVENUE POTENTIAL, INCLUDING ₹156 CR UNRECOGNIZED COMMITTED SALES & ₹505 CR ESTIMATED UNSOLD INVENTORY • RASHMI SQUARE CONSTRUCTION APPROXIMATELY 80% COMPLETE, WITH OCCUPANCY CERTIFICATE APPLICATION TARGETED FOR DECEMBER 2026 • RASHMI SIGNATURE PROJECT TARGETED FOR COMPLETION BY MARCH 2027, WITH SIGNIFICANT CUSTOMER COLLECTIONS EXPECTED DURING Q4 FY27 • RASHMI PARADISE LAUNCH TARGETED AROUND 30 OCTOBER 2026, WHILE ADDITIONAL PROJECTS IN BORIVALI, KANDIVALI & KHAR SUPPORT FUTURE EXPANSION • H1 OPERATING CASH FLOW REMAINED NEGATIVE AT APPROXIMATELY ₹16.51 CR; MANAGEMENT EXPECTS IMPROVEMENT AS PROJECTS MATURE, WHILE CASH FLOW POSITIVITY TIMELINE, UNSOLD INVENTORY & EXECUTION DELAYS REMAIN KEY RISKS

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