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May 27, 2025

To

National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (East) Mumbai – 400 051

NSE Symbol: SURAJEST

To BSE Limited Phiroze Jeejeebhoy Towers 21[st] Floor, Dalal Street Mumbai – 400 001

BSE Scrip Code: 544054

Dear Sir/ Madam,

Sub: Investor Presentation on audited Financial Results for the Quarter and Financial Year ended March 31, 2025

Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’)

Pursuant to Regulations 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, We enclose herewith Investor’s Presentation on the audited Financial Results for the Quarter and Financial Year ended March 31, 2025.

The same is also being uploaded on the Company’s website at www.surajestate.com

Kindly take the aforesaid information on record and oblige.

Thanking you,

Yours sincerely,

For Suraj Estate Developers Limited

MUKESH Digitally signed by MUKESH KUMAR KUMAR GUPTA Date: 2025.05.27 GUPTA 23:18:02 +05'30' Mukesh Gupta Company Secretary & Compliance officer ICSI Membership No.: F6959

SURAJ ESTATE DEVELOPERS LIMITED Aman Chambers, 3[rd] 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

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Suraj Estate Developers Limited

Investor Presentation May 2025

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Safe Harbor

This presentation has been prepared by and is the sole responsibility of Suraj Estate Developers Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions.

This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward looking statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological changes, (e) investment income, (f) cash flow projections, and (g) other risks.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.

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Messa e From Whole Time Director g

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Commenting on the performance for Q4 & FY25, Mr. Rahul Thomas, Whole Time Director, Suraj Estate Developers, said, “FY25 was a remarkable year for us. While the strategic reconfiguration and consolidation of selected land parcels led to some delays in project launches, these steps have significantly enhanced the efficiency and long-term value of our project layouts. We saw strong, broad-based momentum across our portfolio — spanning luxury, value-luxury, and commercial segments. We are optimistic that the deferred commercial project along with few residential projects delayed due to regulatory approvals will be launched in H1FY26. During the year, we raised Rs 343 crore, which was fully utilized towards acquiring commercial land, working capital and paying for additional FSI. We recently acquired a ~390 square meter land parcel at Shivaji Park for Rs 4.75 crores where we plan to develop a luxury project with an estimated GDV od Rs 80 crores offering scenic sea views alongside excellent metro connectivity. Our net debt rose from Rs 360 crores in December 2024 to Rs 414 crores in March 2025, driven by fund requirements for the launch of upcoming projects, including commercial project at Mahim, ParkView-1, Kowliwadi & Kripasiddhi project, project at Marinagar and land acquisition at Shivaji Park. As we look ahead to FY26, we are excited about a robust launch pipeline, including a marquee commercial development in Mahim and multiple value-luxury projects in Mahim and Dadar. Our deep expertise in redevelopment under DCPR 33(7) continues to reinforce our leadership position in the South-Central Mumbai market. With a calibrated strategy, a robust pipeline, and supportive market fundamentals, we are well-positioned to drive sustained growth and deliver long-term value to all our stakeholders.”

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Commercial : Ke Growth Driver in FY26 y

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Initial Plan Strategic Change in Plan New Plan
Final Plot No 426-A Final Plot No 426-B
o Develop a larger land
parcel of ~ 3,000 sq m
o Size of Land Parcel : o Acquired adjoining land
1,500 sq m parcel in December 2024
o Saleable Area:
2.09 lakhs sq ft
o Saleable Area: o Size of Land Parcel:
1.06 lakhs sq ft ~1,464 sq m
o Expected GDV:
Rs 1,200 crores
o Expected GDV: o Saleable Area :
Rs 475 crores 1.03 lakhs sq ft
o GDV because of the new
plan went up to Rs
o Year of Land Acquisition o Expected GDV:
1,200crs from Rs 475crs
2021 Rs 525 crores
o We are in final stage of
o We have completed o Consideration paid :
regulatory approval and
majority regulatory Rs 101 crores
expect to launch the
approvals
project in H1FY26
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We remain positive on the commercial sector, seeing strong demand, and have strategically changed the launch plan to capitalize on this momentum, with a robust pipeline set for FY26

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Q4 & FY25 Financial and Operational Highlights

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Q4 & FY25 Operational Performance

Sales Value (Rs cr)

Sales Area (Sq Ft)

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Residential Commercial Residential Commercial
+3.7%
+13.8% +19.9%
1,07,136 501
483
25,848 92,136 146
22,713
122
107
16,656 •
489
24,171 89,539 139
102
15,736
920 1,677 2,597 5 7 12 •
Q4FY24 Q3FY25 Q4FY25 FY24 FY25 Q4FY24 Q3FY25 Q4FY25 FY24 FY25
Collections (Rs cr) Average Realisation (Rs/Sq ft) •
+22.3%
111 386 •
103
316
84
64,714 54,586 •
57,643
53,651 45,074 •
57,607 46,330
40,142
Q4FY24 Q3FY25 Q4FY25 FY24 FY25 Q4FY24 Q3FY25 Q4FY25 FY24 FY25
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Q4FY25 Operational Performance :

Pre-sales for the quarter witnessed a strong growth driven primarily by robust sales in luxury projects such as Palette and Ocean Star, along with successful absorption of existing inventory
Realizations were high supported by strong contribution from luxury project sales
61.4% revenue came from sales of luxury units, and 31.3% revenue was from sales of value luxury units

FY25 Operational Performance:

Realizations were high as majority of pre-sales for the year are from luxury projects
Collections improved due to a strong execution focus and the steady, stage-wise progress of ongoing projects
46.2% revenue came from sales of luxury units, and 35.2% revenue was from sales of value luxury units

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FY25
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Q4 & FY25 Financial Performance

Total Income (Rs cr)

EBITDA (Rs cr)

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54.5% 22.4%
56.2
30.8
Q4FY24 Q4FY25
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137.2
103.0
Q4FY24 Q4FY25
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Total Income (Rs cr)

EBITDA (Rs cr)

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56.9% 37.4%
236.4
206.7
FY24 FY25
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553.2
415.7
FY24 FY25
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PAT (Rs Cr)

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19.5
18.3
Q4FY24 Q4FY25
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PAT (Rs Cr)

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100.2
67.5
FY24 FY25
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Note : Total income and EBITDA include other income

Consolidated Profit & Loss Statement

In Rs Crs

Particulars	Q4FY25	Q4FY24	Y-o-Y (%)	Q3FY25	Q-o-Q (%)	FY25	FY24	Y-o-Y (%)
Revenue from operations	136.5	100.4		169.8		549.1	412.2
Other income	0.7	2.7		2.0		4.1	3.5
Total income	137.2	103.0	*33%*	171.8	*-20%*	553.2	415.7	*33%*

Expenses
Operatingandproject expenses	107.3	79.0		216.7		461.5	222.0
Changes in Inventoryof CWIP	-13.8	-49.4		-106.1		-164.9	-86.9
Employee benefit expenses	7.7	4.5		5.7		24.3	14.5
Other expenses	5.2	12.8		7.7		25.6	29.7
Total expenses	106.4	46.9		124.0		346.4	179.3

EBITDA#	30.8	56.2	*-45%*	47.8	*-36%*	206.7	236.4	*-13%*
*EBITDA Margins(%)*	22.4%	54.5%		27.8%		37.4%	56.9%

Finance costs	4.0	25.0		20.5		65.7	138.9
Depreciation and amortisation	0.8	1.7		1.3		5.0	3.7
PBT	26.0	29.5	*-12%*	26.0	0%	136.1	93.9	*45%*

Tax expense:
- Current tax	3.7	6.6		6.4		33.1	28.1
- Income tax for earlierperiod	0.0	1.3		0.0		0.0	1.3
- Deferred tax charge/ (credit)	4.0	2.2		-0.3		2.8	-3.0
Total tax expense	7.7	10.1		6.0		35.9	26.4

Profit after tax	18.3	19.5	*-6%*	20.0	*-9%*	100.2	67.5	*48%*
EPS	3.6	4.4		4.2		21.8	19.4

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o Operating margins were impacted by higher operating costs, including a ₹30 crore charge in FY25 for settling litigation with a JDA partner

o The settlement cost was split equally, with ₹15 crore booked in Q3 FY25 and ₹15 crore in Q4 FY25

* Includes Other Income

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Consolidated Balance Sheet

Particulars	Mar-25	Mar-24
ASSETS
Non-current assets
a) Property, plant and equipment	23.5	22.5
b) Intangible assets	9.2	10.8
c) Right-of-use-asset	4.2	4.1
d) Financial assets
i) Other financial assets	8.9	11.1
e) Deferred tax assets (Net)	3.3	6.5
Total Non-Current Assets	49.1	55.1
Current assets
a) Inventories	904.1	739.2
b) Financial assets
i) Current Investments	2.9	1.4
ii) Trade receivables	56.5	106.7
iii) Cash and cash equivalents	14.0	5
iv) Bank balances	25.1	105.3
v) Loans	21.6	6.9
vi) Other financial assets	3.2	3.2
c) Other current assets	669.0	266.7
d) Current income tax assets (Net)	0.9	0.9
Total Current Assets	1,697.4	1,235.3
TOTAL ASSET	1,746.5	1,290.4

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In Rs Crs

Particulars	Mar-25	Mar-24
EQUITY AND LIABILITIES
Equity
a)Equityshare capital	23.1	21.4
b)Other equity
- Other reserves	896.5	511.7
- Capital reserve related to business	-17.0	-17.0
Total Share Capital	902.7	516.2
Non-ControllingInterest	0.0	0.0
Total Equity	902.7	516.2
Liabilities
Non-current liabilities
a)Financial liabilities
i)Borrowings	343.0	240.3
ii)Lease liabilities	3.3	3.5
iii)Other financial liabilities	8.0	6.4
b)Provisions	1.6	1.6
Total Non-Current liabilities	356.0	251.8
Current liabilities
a)Financial liabilities
i)Short term borrowings	113.3	185.3
ii)Tradepayables
- Amount due to other than Micro and small enterprises	42.9	35.9
iii)Other financial liabilities	20.5	61.4
iv)Lease liabilities	1.3	0.6
b)Other current liabilities	279.5	222.3
c)Provisions	0.2	0.1
d)Income tax liabilities	30.2	16.8
Total Current liabilities	487.9	522.4
TOTAL LIABILITIES	1,746.5	1,290.4

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In Rs Crs

Consolidated Cash Flow Statement

Particulars	Mar-25	Mar-24
CASH FLOW FROM OPERATING ACTIVITIES

Profit before taxes	136.1	93.9

Adjustments for Interest expenses/income, depreciation	67.6	142.3
Operating profit / (loss) before working capital changes	203.7	236.1

Changes in Working Capital	-509.1	-210.0
Direct Taxes (Paid)/Refund Received	-19.1	-17.1

Net Cash Generated / (Used) in Operating Activities	-326.4	9.0

Net Cash Generated / (Used) in Investing Activities	78.6	-89.7

Net Cash Generated / (Used) in Financing Activities	237.8	70.2

Cash and cash equivalents at beginning of the period/ year	1.3	11.8
Cash and cash equivalents at end of the period/ year	11.3	1.3
Net Increase/ (Decrease) in cash and cash equivalents	10.1	-10.5

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‘Suraj’- Leading Real Estate Developer in South Central Mumbai (SCM)

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Million sq.ft. constructed in prime locations in the South-Central Mumbai

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Upcoming Projects

Completed projects across residential & commercial segments

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13 Ongoing Projects

Years of experience in the real estate market of South-Central Mumbai region

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Leading player in redevelopment scheme 33 (7). This allows to build scale in capital light business model

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One of the Market Leaders in Redevelo ment Pro ects in SCM* p j

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Sub-markets of South Central Mumbai (SCM)

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Value Luxury
1 BHK and compact 2
BHK flats
Luxury
2/3/4 BHK flats
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Mahim
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Matunga
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Dadar
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----- Start of picture text -----

Prabhadevi
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Parel
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Commercial Bandra
Built-to-suit model for select
(upcoming market)
clientele & boutique offices
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ONE OF THE MARKET LEADERS IN REDEVELOPMENT

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263
Projects Launched in SCM sub-markets
160 (~61%) 103 (~39)
Redevelopment Projects New Projects
8% 2%
Suraj’s Market Share
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Source: Company Commissioned Anarock Report Note: * SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi and, Parel; Cumulative from 2016 to 2022

Redevelo ment Ex ertise p p

Identification Of Land Bank (Plot Size, Title, Location, Tenant Density& FSI Scheme)

Timelines

Step 0 Timelines Step 1 Zero Date Step 2 4-6 Months Step 3 3 Months Step 4 3 Months Step 5 3 Months

Acquisition of land by way of Conveyance / Development Rights / JDA

Obtaining 51% consent of tenants for redevelopment

Obtaining IOD for the project

Site vacation and demolition of old structure

Obtaining CC and RERA registration

Construction time period – 3 years for G+22 Storey Building and upto 4-5 years for high rise development from G+40 to 50 Storey

Step 6 3-4 Years Step 7 3 Months

OC and Handover of Possession

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SCM : A Lucrative Micro Market In Mumbai

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CARPET AREA
6,11,605
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Dynamics of SCM Market

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Large pool of old/dilapidated buildings

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Close proximity to key locations such as BKC, Worli sea link, Lower Parel, etc

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One of the few locations which allows residential + commercial projects to be constructed

19 ESTIMATED CARPET AREA 10,20,307

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Improving infrastructure via multiple government projects

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Note: * SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi and, Parel Map Not To Scale

Our Journe S annin Over 38 Years y p g

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1986 1990 1992 2000 2005 Incorporated as a private Completed maiden residential Delivered a building at Delivered ‘ICICI Apartments’ at Delivered 14 residential limited company project at Mahim (W) Dadar (W) to a public Dadar (W) as office quarters apartments in Dadar (W) to CCIL sector bank as office quarters 2010 2012 2017 2018 Delivered a commercial Delivered a commercial building ‘CCIL Entered the luxury residential Raised Rs 2000 million term loan building ‘Saraswat Bank Bhavan’ at Dadar (W) as corporate office segment in SCM with launch of the from Piramal Capital & Housing Bhavan’ at Prabhadevi as for CCIL flagship “Palette” at Dadar (W) Finance for luxury projects corporate office to Saraswat Co-operative Bank Launched a sea facing luxury project ‘Ocean Star’ at Dadar (W) 2019 2021 2022 2023 2024 Forayed into value luxury Launched two value luxury Concluded 2 commercial sale transactions with Saraswat and CCIL Availed New debt of Launched a value segment with a project at Dadar projects at Mahim (W) Rs 175cr from luxury/luxury residential (W). Started 1BHK apartments Launched value luxury project Suraj Parkview 2 at Dadar (W) IndusInd Bank project ‘Suraj Lumina’ at Availed debt from ICICI Mahim west Launched another value luxury Ventures through a Entered into Society Redevelopment (Asset Light Model) Raised Rs 400 cr via project at Dadar (W) subscription model towards Listing on BSE and Raised Rs 343 cr via NCD Availed new debt from Axis Finance 10% NSE Preferential Allotment 15 and Issue of Warrants

Proven Track Record Of Deliverin g Residential And Commercial Projects

Timeline of completed projects

Residential and Commercial Projects

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9 8 2,04,957 2,40,412
6 1,85,649
1,59,720 1,65,418 8
7
90,386
4
1990-1995 1996-2000 2001-2005 2006-2010 2011-2015 2016-2023
Developed areas
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Consultant and Contractor Relationships

Architects and Structural Consultants

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Mangirish, Dadar

Tranquil Bay, Dadar

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Civil Contractors

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Saraswat Bank Bhavan Phase I : Upto 7[th] floor

CCIL Bhavan Phase I : Upto 6[th] floor

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Comparison Of Various Business Models In MMR Region Parameters Redevelopment of Tenanted Properties (Conveyance/ DA) Under DCPR 33(7) Redevelopment of Society Under DCPR 33(7) B Vacant Land- Normal Development Land Status Conveyance /DA DA Conveyance / JDA Upfront Capital Requirement Moderate Low High FSI Inherent FSI of 3.00 +35% Fungible. No TDR / Additional FSI Cost. Also has FSI Upside of Clubbing Scheme notified under 33(7) Inherent FSI of 1.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSI Premium depending on Road Width Inherent FSI of l.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSJ Premium dependingon Road Width Land Cost Moderate Negligible High Approval Cost Lower Cost due to Concessions High Approval Cost High Approval Cost Availability of Plots in MMR Region High High Low Tenant Consent for Redevelopment 51% 51% Not Applicable Project Turnaround Time & Litigation Risk Moderate Moderate Low Mortgage of Land for Project Finance Yes No Yes Project Turnaround Time Moderate Moderate Low Property Maintenance Cost Low Moderate High EBIDTA Margins High Low Moderate ROE / ROCE Moderate High Low Sacalability High High Low No of Ongoing & Upcoming Projects Under Each Category 25 Projects 3 Projects 4 Projects	Comparison Of Various Business Models In MMR Region Parameters Redevelopment of Tenanted Properties (Conveyance/ DA) Under DCPR 33(7) Redevelopment of Society Under DCPR 33(7) B Vacant Land- Normal Development Land Status Conveyance /DA DA Conveyance / JDA Upfront Capital Requirement Moderate Low High FSI Inherent FSI of 3.00 +35% Fungible. No TDR / Additional FSI Cost. Also has FSI Upside of Clubbing Scheme notified under 33(7) Inherent FSI of 1.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSI Premium depending on Road Width Inherent FSI of l.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSJ Premium dependingon Road Width Land Cost Moderate Negligible High Approval Cost Lower Cost due to Concessions High Approval Cost High Approval Cost Availability of Plots in MMR Region High High Low Tenant Consent for Redevelopment 51% 51% Not Applicable Project Turnaround Time & Litigation Risk Moderate Moderate Low Mortgage of Land for Project Finance Yes No Yes Project Turnaround Time Moderate Moderate Low Property Maintenance Cost Low Moderate High EBIDTA Margins High Low Moderate ROE / ROCE Moderate High Low Sacalability High High Low No of Ongoing & Upcoming Projects Under Each Category 25 Projects 3 Projects 4 Projects	Comparison Of Various Business Models In MMR Region Parameters Redevelopment of Tenanted Properties (Conveyance/ DA) Under DCPR 33(7) Redevelopment of Society Under DCPR 33(7) B Vacant Land- Normal Development Land Status Conveyance /DA DA Conveyance / JDA Upfront Capital Requirement Moderate Low High FSI Inherent FSI of 3.00 +35% Fungible. No TDR / Additional FSI Cost. Also has FSI Upside of Clubbing Scheme notified under 33(7) Inherent FSI of 1.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSI Premium depending on Road Width Inherent FSI of l.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSJ Premium dependingon Road Width Land Cost Moderate Negligible High Approval Cost Lower Cost due to Concessions High Approval Cost High Approval Cost Availability of Plots in MMR Region High High Low Tenant Consent for Redevelopment 51% 51% Not Applicable Project Turnaround Time & Litigation Risk Moderate Moderate Low Mortgage of Land for Project Finance Yes No Yes Project Turnaround Time Moderate Moderate Low Property Maintenance Cost Low Moderate High EBIDTA Margins High Low Moderate ROE / ROCE Moderate High Low Sacalability High High Low No of Ongoing & Upcoming Projects Under Each Category 25 Projects 3 Projects 4 Projects	Comparison Of Various Business Models In MMR Region Parameters Redevelopment of Tenanted Properties (Conveyance/ DA) Under DCPR 33(7) Redevelopment of Society Under DCPR 33(7) B Vacant Land- Normal Development Land Status Conveyance /DA DA Conveyance / JDA Upfront Capital Requirement Moderate Low High FSI Inherent FSI of 3.00 +35% Fungible. No TDR / Additional FSI Cost. Also has FSI Upside of Clubbing Scheme notified under 33(7) Inherent FSI of 1.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSI Premium depending on Road Width Inherent FSI of l.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSJ Premium dependingon Road Width Land Cost Moderate Negligible High Approval Cost Lower Cost due to Concessions High Approval Cost High Approval Cost Availability of Plots in MMR Region High High Low Tenant Consent for Redevelopment 51% 51% Not Applicable Project Turnaround Time & Litigation Risk Moderate Moderate Low Mortgage of Land for Project Finance Yes No Yes Project Turnaround Time Moderate Moderate Low Property Maintenance Cost Low Moderate High EBIDTA Margins High Low Moderate ROE / ROCE Moderate High Low Sacalability High High Low No of Ongoing & Upcoming Projects Under Each Category 25 Projects 3 Projects 4 Projects


Parameters	Redevelopment of Tenanted Properties (Conveyance/ DA) Under DCPR 33(7)	Redevelopment of Society Under DCPR 33(7) B	Vacant Land- Normal Development

Land Status	Conveyance /DA	DA	Conveyance / JDA

Upfront Capital Requirement	Moderate	Low	High

FSI	Inherent FSI of 3.00 +35% Fungible. No TDR / Additional FSI Cost. Also has FSI Upside of Clubbing Scheme notified under 33(7)	Inherent FSI of 1.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSI Premium depending on Road Width	Inherent FSI of l.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSJ Premium dependingon Road Width

Land Cost	Moderate	Negligible	High

Approval Cost	Lower Cost due to Concessions	High Approval Cost	High Approval Cost

Availability of Plots in MMR Region	High	High	Low
Tenant Consent for Redevelopment	51%	51%	Not Applicable
Project Turnaround Time & Litigation Risk	Moderate	Moderate	Low
Mortgage of Land for Project Finance	Yes	No	Yes
Project Turnaround Time	Moderate	Moderate	Low
Property Maintenance Cost	Low	Moderate	High
EBIDTA Margins	High	Low	Moderate
ROE / ROCE	Moderate	High	Low
Sacalability	High	High	Low

No of Ongoing & Upcoming Projects Under Each Category	25 Projects	3 Projects	4 Projects

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COMPETITIVE STRENGTHS

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Com etitive Stren ths p g

Diversified Portfolio Across Value Luxury And Luxury Segments

Present Across Price Points, Unit Sizes And Sub-Markets In The SCM

Marketing & Sales Strategy

High Engagement Levels Through The Customer Lifecycle Create Network Effect

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Experienced Board Of Directors With A Proficient Team Committed To The Brand’s Philosophy

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Established Real Estate Brand In SCM

Leading Market Position & Ability To Sell During Construction Phase

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Strong Expertise In Tenant Settlement In Redevelopment Projects

Redeveloped houses for 1,011 tenants freeof-cost

Freed up considerable FSI for commercial development

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Strong Project Pipeline and Cashflows

Market Opportunity

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Established Residential Real Estate Brand in SCM
Leading Market Position & Ability To Sell During Construction Phase
60%
Ongoing Residential Projects
16%
In terms of supply of 13% 11% DevelopaProject Carpet Sale Area Unsold Sales Avg Collection % of
Sr. Project Sold Area Realisat
units ble Area Area Achieved s Received area
No. Segment (lakhs (Lakhs ion (Rs
#1 (lakhs Sq (lakhs Sq (Rs cr) (Rs cr) sold
1 [st] Suraj Estate Developer #2 Developer #3 Developer #4-#10 ft) ft) Sq ft) Sq ft) cr)
Developers #1
60%
1 Luxury 7.48 2.40 2.3 0.09 1,102.90 47,869 739.01 96.0%
15%
In terms of absorption, in 12% 12% Value
2 8.12 2.17 2.16 0.15 838.91 39,647 496.94 97.7%
units Luxury
1#1 [st]
Suraj Estate Developer #2 Developer #3 Developer #4-#10
Developers #1
Value Luxury
33 3 4.26 1.13 0.97 0.17 239.40 24,717 191.43 85.4%
/ Luxury
19
14
In terms of absorption value 13 11 10 Total 19.85 5.70 5.15 0.55 2,041.89 1,328.04
5#1 [th]
Total Carpet Area for Sale reflects Group's share in Project Nirvana as per JDA and the Developable Area reflects Group’s
pro-rata share of Total Developable Area of Project Nirvana as per the JDA)
Developer Developer Developer Developer Suraj Developer
Includes two projects, Louisandra and Ave Maria which are completed but OC is awaited
#1 #2 #3 #4 Developers #6-#10
#5 20
Source: Company Commissioned Anarock Report
Note: Market Share among top10 developers ; SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi & Parel ; Cumulative from 2016 to 2023 (Q1)
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Diversified Portfolio Across Value Luxury And Luxury Segments (1/2)

Present Across Price Points, Unit Sizes And Sub-Markets In The SCM

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Upcoming Projects

Ongoing Projects

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Carpet Area For Sale
Total
7%
6,11,605
sq.ft.
19%
35%
39%
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Estimated Carpet Area For Sale**

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20%
7%
59%
14%
Value Luxury Value Luxury / Luxury
Luxury Commerical
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Carpet Area Sold
7%
Total
17% 5,80,302
36%
sq.ft.
40%
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Estimated Sold and Unsold Receivables from Ongoing Projects ~Rs 1,091cr

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Total 10,20,307 sq.ft.

Source: Company

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Note : * Total Carpet Area for Sale reflects Group's share in Project Nirvana as per JDA and the Developable Area reflects Group’s pro-rata share of Total Developable Area of Project Nirvana as per the JDA)

** Estimated Carpet Area for Sale has been calculated based on certain assumptions and estimates made by the company. The actual Carpet Area may vary from the estimated Carpet Area presented herein on the basis of plans approved by the Brihanmumbai Municipal Corporation (BMC).

Diversified Portfolio Across Value Luxury And Luxury Segments (2/2)

Ongoing Projects : Presence across unit sizes and price points

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No. of offerings

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12
Value Luxury Luxury
Ticket Size : INR 10-30 mn Ticket Size : INR 30-13 mn
6
4 4
3
2
1 1
300-400 400-500 500-650 650-800 800-950 1000-1300 1300-1500 1800-2200
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1 BHK 2 BHK
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43%

61%

Share of Value Luxury in Ongoing Projects (by carpet area)

Share of Value Luxury in Upcoming Projects (by carpet

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4 BHK
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3 BHK
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Share of value luxury in new
Better demand from end users
launches continues to increase
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Better Sales Volume and Velocity

area)

Stron Ex ertise In Tenant Settlement In Redevelo g p pment Projects

Strong Track Record Of Tenant Settlement

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Redeveloped houses for 1,011 tenants free-of-cost

Freed up considerable FSI for commercial development

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Tenant Building – Ave Maria

Preferred Redevelopment Developer

As most land parcels in SCM are in the nature of redevelopment projects, tenant settlement is key to unlock value

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15 out of 17 residential projects launched by Suraj are redevelopment projects

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15 out of 18 upcoming projects are redevelopments

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Source: Company Commissioned Anarock Report

Note: (1) SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi, and Parel cumulative from 2016 to 2023 (Q1)

Marketin & Sales Strate ies g g

High Engagement Levels Through The Customer Lifecycle Create Network Effect

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Marketing Team

Sourcing Team

› Identifies target market groups and uses promotional tools to attract them
› Interacts with channel partners to drive walk-ins at the site
1 2
4 3

Sales Closing Team

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Customer Care Team
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› Dedicated team focusing on deal closure
› Assists customers throughout initial booking to handover of their homes

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Customer Centric Approach
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Continuous customer engagement during and after sale and delivery strengthens the brand, creating goodwill

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Customer Goodwill Customer goodwill translates into significant customer referrals, expanding sales network

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Increasing Sales

A stronger brand and wider sales network drive sales growth

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Market Opportunity (1/2)

**MMR is the top performer* in overall residential real estate activity**

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Supply Absorption
MMR
Others
30%
35%
65%
70%
(No of units) MMR Others
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10%
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CAGR in value terms over a
longer term
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2X
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New launches in 2024 are likely to
be almost 2 times as compared to
2021 levels and are expected to
gradually increase year-on-year
post 2023
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One of the biggest real estate markets in India

Strong housing demand drivers, led by infra and higher disposable income

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<2
Unsold units overhang
years
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Consolidation leading to disciplined supply

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Positive Pricing Outlook

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Source: Company Commissioned Anarock Report. *Among Top Seven Indian Markets in 2022 Note : 1. * MMR – Mumbai Metropolitan Region

2. Supply and absorption data for 2022 ; others include NCR, Bengaluru, Pune, Hyderabad, Chennai ,Kolkata

Market Opportunity (2/2)

Redevelopment is a large, ongoing opportunity in SCM

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52,000
19,642 16,502
units
Cessed buildings - Buildings that are
Supply from
buildings more than more than 80 years
redevelopment
projects from 2017 50 years old that old and need
to Q1 2023 in MMR, need redevelopment development in
majorly in SCM in SCM SCM
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SCM Supply (In units) SCM Absorption (In units)
562 423
3,871 1,953
New
8,382 Redevelopment 4,162
Suraj’s share
87% 8%
Share of redevelopment Suraj’s market share in
projects in Suraj’s redevelopment project
portfolio launches
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SCM is an attractive real estate market

High income, discerning customer base
Aspirational value/premium product positioning
High demand across multiple segments and price points
Family expansion/nuclear family trends have generated demand for housing in the same and neighbouring submarkets
Benefiting from expanding segment of young, upwardly mobile professionals with a preference for living in the island city of Mumbai

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Gradually improving pricing
Major Launches since 2021
2.980
Supply (in no of units)
Absorption (in no of units)
2.075
982
864 820
718
613
423 432
262
2019 2020 2021 2022 2023 (Q1)
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Source: Company Commissioned Anarock Report. MHADA

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Combined Markets include sub-markets Mahim, Matunga, Dadar, Prabhadevi and Parel; cumulative from 2016 to 2023(Q1)
** cessed buildings redevelopment or housing societies redevelopment

Ex erienced Board Of Directors… p

Rajan Meenathakonil

Sujatha R. Thomas

Thomas

NON-EXECUTIVE

DIRECTOR

PROMOTER , CHAIRPERSON &

Rahul Rajan Jesu Thomas WHOLE - TIME DIRECTOR

Elizabeth Lavanya Rajan Thomas

NON-EXECUTIVE DIRECTOR

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Education: B.A.

Experience : 37 Years of experience in various aspects of real estate business

Sunil Pant

INDEPENDANT DIRECTOR

Education: B.Sc.,LLB, M.Sc (Physics),member of the Indian Institute Of Bankers and All India Management Association

Experience : 36+ years of experience in banking

Previous Stint : Chief General Manager at SBI and consultant at Gerson Lehrman Group

Education: B.A.

Experience : 30 Years of experience in various aspects of real estate business

Dr. Satyendra Shridhar Nayak INDEPENDANT DIRECTOR

Education: M.Com, Doctor Of Philosophy

Experience: Experience in Consulting

Previous Stint : President at Unit Trust Of India; served on the board of Bharat Wire Ropes Limited

Education: B.Com, Corporate Finance certificate from Harvard University

Experience : 16 Years of experience in various aspects of real estate business

Jitendra Shantilal Mehta

INDEPENDANT DIRECTOR

Education: CA, CS, ICWA

Experience: Has 36 years of experience in the fields of Finance, Taxation, Accounts, Information Technology, HR & Administration and Corporate Secretarial Matters.

Further he has been advising various Real Estate Companies on above matters.

Education: Master of Liberal Arts in Management from Harvard University, MBA from Cardiff Business School

Experience : 15 years of experience in Agricultural Technology Deployment and Consulting, collaborating with Fortune 100 companies, Agritech, Fintech and government agencies

Vinod Prabhudas Chitore

INDEPENDANT DIRECTOR

Education: Bachelor Of Civil Engineering from Amravati University

Experience: He has served as Director in Maharashtra Real Estate Regulatory Authority (MAHARERA), Chief Engineer, Municipal Corporation, Mumbai, Deputy Municipal Commissioner, Municipal Corporation, Mumbai.

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Senior Ke Mana erial Personnel y g

Shreepal Shah

Mukesh Gupta

CHIEF FINANCIAL OFFICER

COMPANY SECRETARY

Education: B.E, MBA

Education: Member of ICSI, M.com, LLB

Previous Stint : Kotak Investment Banking, P. Raj & Co.

Previous Stint : Peninsula Land, Terraform realty

Gopal Barve

CHIEF ENGINEER OF SUBSIDIARY OF THE COMPANY, ACCORD ESTATES PRIVATE LIMITED

Education: B.E., associate member of The Institute Of Engineers (India)

Previous Stint : Siddhivinayak Builders, Abhay Raut , Architect & Interior Designer & Others

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Anand Vyas

VICE PRESIDENT - SALES

Education: PGD in Marketing

Previous Stint : Provenance Land, K Raheja a Corp Pvt. Ltd, Radius Developers

Sunny Soni

VICE PRESIDENT & BUSINESS HEAD - SALES

Education: Masters in Marketing

Previous Stint : Lodha, Omkar Realtors & Developers, Deutsche Bank, Ruparel Realty, Puranik Builders, Nahar Group

Jitendtra Gupta

HEAD PROJECT MANAGEMENT

Education: B.E (Civil)

Previous Stint : Viceroy Property, Radius Developers, The Wadhwa Group, K Raheja Corp

Palak Dani Mansotra

CHIEF MARKETING OFFICER

Education: Executive MBA from IIM Calcutta, Digital Marketing Degree from MICA and PR and Advertising Degree from Welingkar

Previous Stint : Chief Marketing Officer at Runwal Group, Head of Marketing at K Raheja Group

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KEY BUSINESS STRATEGIES

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Ke Business Strate ies y g

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1. Enhance Market Leading Position in SCM

Upcoming projects to consolidate our positioning in SCM and expand in to Bandra sub-market

240,412 sq. ft.

Developable area completed from 2016 to FY24

6,11,605 sq. ft.

Sale carpet area under Ongoing Projects (2023-2026)

10,20,307 sq. ft.

Carpet area under Upcoming Projects

Source: Company Commissioned Anarock Report Note: Upcoming and ongoing projects as of May 31,2023

2. Continue to pursue our differential product offerings in value luxury segment

Strengthen presence in value luxury segment, currently witnessing a strong demand trend, resulting in better sales volume and velocity

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3. Expand Land Reserves in SCM and Other MMR Sub-markets

Follow flexible land acquisition strategies (outright purchase, JVs, JDs, and development management) to benefit from emerging consolidation opportunities
Land parcels situated at Bandra (West) and Santacruz (East) for future development
FSI potential of more than index 2.0
Consolidation in the real estate industry creating opportunities

4. Selectively develop commercial projects in the SCM region

Take advantage of increasing demand for smaller independent offices and develop commercial spaces to create value through complimentary asset classes

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5. Continue to focus on redevelopment projects through asset light model

Follow asset light strategy to reduce upfront land acquisition costs

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Capital
Efficient
Reduces upfront land
acquisition costs
Leverages our expertise and
brand
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Asset light model for redevelopment of co-operating housing society buildings under DPCR 33(7)(B)

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Focus on SCM

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Suraj has concluded agreements for redevelopment schemes with two co-operative societies in the recent past

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Opens up significant opportunity to expand into other micro-markets in MMR

Awards

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Developer of the Year Developer of the Year Brand of the Year
2020 2022 2022
By CNN- News 18 By CNBC Awaaz By CNBC-Awaaz
LifeTime Achievement
Developer of the Year Iconic Developer of
Award to Mr Rajan
Residential 2022 the Year 2022
Thomas
By Business Standard By Mid –Day
By ET NOW
Promising
Developer of the 40 under 40 Mr Luxury Realty Partner
Award 2024 at ET NOW
Year 2023 Rahul Thomas
Realty Convention &
By Ace Alpha By Realty+
Awards Best Realty Brands
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HISTORICAL FINANCIALS

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Consolidated Profit & Loss Statement

Rs Crs.

Particulars	FY25	FY24	FY23	FY22	FY21
Revenue from operations	549.1	412.2	305.7	272.7	240
Other income	4.1	3.5	2.1	1.2	4
Total income	553.2	415.7	307.9	273.9	244

Expenses
Operatingandproject expenses	461.5	222.0	166	180.7	164.2
Changes in inventories of construction work inprogress	-164.9	-86.9	-31.3	-55.7	-22.3
Employee benefit expenses	24.3	14.5	11.6	9.7	7.6
Other expenses	25.6	29.7	8.4	6.2	3.9
Total expenses	346.4	179.3	154.7	141	153.4

*EBITDA	206.7	236.4	153.1	132.9	90.6
EBITDA Margin(%)	37.4%	56.9%	49.7%	48.5%	37.1%
Finance costs	65.7	138.9	107.4	93.1	79.2
Depreciation and amortisation	5.0	3.7	2.6	3.7	2.4
PBT	136.1	93.9	43.2	36.2	9

Tax expense:
- Current tax	33.1	28.1	13.6	10	2.8
- Income Tax for earlierperiod	0.0	1.3
- Deferred tax charge/(credit)	2.8	-3.0	-2.4	-0.4	-0.1
Total tax expense	35.9	26.4	11.1	9.6	2.8

Profit after tax	100.2	67.5	32.0	26.5	6.3
EPS	21.8	19.4	10.1	0.8	0.2

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Note : *EBITDA includes other income

Rs Crs.

Consolidated Balance Sheet

Particulars
	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21

ASSETS
Non-current assets
a)Property,plant and equipment	23.5	22.5	3.4	3.8	4.9
b)Intangible assets	9.2	10.8	12.1	12.7	14.2
c)Right-of-use-asset	4.2	4.1	0.3	1.2	2
d)Financial assets
i)Investments	0.0	0.0	8.9	0.1	1.1
ii)Other financial assets	8.9	11.1	22.7	4.5	2.8
e)Deferred tax assets(Net)	3.3	6.5	3.5	1.1	0.8
Total Non-Current Assets	49.1	55.1	50.8	23.4	25.8
Current assets
a) Inventories	904.1	739.2	652.3	621	565.3
b)Financial assets
i)Current Investments	2.9	1.4	-	-	-
ii)Trade receivables	56.5	106.7	77.2	93.2	80.7
iii)Cash and cash equivalents	14.0	5.0	12.1	7.7	6.8
iv)Bank balances	25.1	105.3	15.9	15.9	14
v)Loans	21.6	6.9	8.2	24.1	23.6
vi)Other financial assets	3.2	3.2	3.9	2.1	7.9
c)Other current assets	669.0	266.7	183.0	76.1	67.6
d)Current income tax assets(Net)	0.9	0.9	0.8	0.5	0.2
Total Current Assets	1,697.4	1,235.3	953.4	840.6	766.2
TOTAL ASSET	1,746.5	1,290.4	1,004.2	864.0	792.0

Particulars	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21
EQUITY AND LIABILITIES
Equity
a)Equityshare capital	23.1	21.4	15.9	15.9	6.4
b)Other equity
- Other reserves	896.5	511.7	71.7	39.4	22.9
- Capital reserve related to business	-17.0	-17.0	-16.1	-16.1	-0.1
Total Share Capital	902.7	516.2	71.4	39.2	29.1
Non-ControllingInterest	0.0	0.0	0.1	0.2	0.2
Total Equity	902.7	516.2	71.5	39.4	29.4
Liabilities
Non-current liabilities
a)Financial liabilities
i)Borrowings	343.0	240.3	345.7	396.6	464
ii)Leaseliabilities	3.3	3.5	0	0.4	1.5
iii) Other financial liabilities	8.0	6.4	4.6	4.5	3
b)Provisions	1.6	1.6	1.1	1	0.9
Total Non-Current liabilities	356.0	251.8	351.4	402.5	469.5
Current liabilities
a)Financial liabilities
i) Short termborrowings	113.3	185.3	247.4	241.6	136.4
ii)Trade payables
- Amount due toMicro and smallenterprises	0.0	0.0	0.1	0.2	0.4
- Amount due to other than Micro and small enterprises	42.9	35.9	26.8	19.1	13.8
iii) Other financial liabilities	20.5	61.4	48.7	45.0	32.5
iv)Leaseliabilities	1.3	0.6	0.4	1	0.8
b) Othercurrentliabilities	279.5	222.3	243.7	108.2	108
c)Provisions	0.2	0.1	0.1	0.1	0.1
d)Income tax liabilities (Net)	30.2	16.8	14.1	6.8	1.2
Total Current liabilities	487.9	522.4	581.3	422.1	293.1
TOTAL LIABILITIES	1,746.5	1,290.4	1,004.2	864.0	792.0

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Consolidated Cash Flow Statement

Rs Crs.

Particulars	FY25	FY24	FY23	FY22	FY21
CASH FLOW FROM OPERATING ACTIVITIES

Profit before taxes	136.1	93.9	43.2	36.2	9.0

Adjustments for Interest expenses/income, depreciation	67.6	142.3	106.7	93.8	80.3
Operating profit / (loss) before working capital changes	203.7	236.1	149.9	130.0	89.4

Changes in Working Capital	-509.1	-210.0	45.0	-55.6	-103.1
Direct Taxes (Paid)/Refund Received	-19.1	-17.1	-6.4	-4.6	-1.2

Net Cash Generated / (Used) in Operating Activities	-326.4	9.0	188.5	69.8	-14.9

Net Cash Generated / (Used) in Investing Activities	78.6	-89.7	-27.1	-21.1	-12.3

Net Cash Generated / (Used) in Financing Activities	237.8	70.2	-155.7	-44.7	27.0

Cash and cash equivalents at beginning of the period/ year	1.3	11.8	6.1	2.1	2.4
Cash and cash equivalents at end of the period/ year	11.3	1.3	11.8	6.1	2.1
Net Increase/ (Decrease) in cash and cash equivalents	10.1	-10.5	5.7	4.0	-0.2

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ANNEXURES

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On oin Residential Pro ects g g j

The Palette Ocean Star-I Vitalis

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Emmanuel

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Suraj Eterna

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This project is in Luxury Segment and comprises of 2 BHK flats and 3 BHK flats which are sea facing apartments
One of the main USP of this project is the floor to floor height of 12 feet 6 inches
The development will include facilities and amenities such as clubhouse, swimming pool and landscaped garden, amongst others
It is strategically located between Portuguese Church and Siddhivinayak Temple
This project is in the Luxury Segment and comprises of 3 BHK sea facing apartments with just 2 units per floor with floor to floor height is 12 feet 6 Inches
It is strategically located in the close proximity of Dadar Beach
This project is in the Value • This project is in the Value • This project is in the Value Luxury Segment Luxury Segment and Luxury Segment. It is a 20comprises of a Ground + 20 storey tower and comprises
• It is a 38- storey tower and storey tower and having 1 BHK of 1 BHK flats and 2 BHK sea comprises of 1 BHK flats and 2 flats and compact 2 BHK facing apartments BHK sea facing apartments. boutique sea facing This project has a dedicated 7- apartments • This project has a separate level podium parking. It is mechanized tower car strategically located at Lady • It strategically located off parking. It is strategically Jamshedji Road, Mahim Cadell Road and is in close located in between the Lady (West) and is in the close proximity of commercial hubs Jamshedji Road and Tulsi proximity of Mumbai's Shivaji at Lower Parel and Worli, Pipe Road, Mahim (West) Park malls, theatres and parks and is in the close proximity
- This project has a separate mechanized tower car parking. It is strategically located in between the Lady Jamshedji Road and Tulsi Pipe Road, Mahim (West) and is in the close proximity to the upcoming Sitladevi Metro Station
It strategically located off Cadell Road and is in close proximity of commercial hubs at Lower Parel and Worli, malls, theatres and parks
This development will include a dedicated amenities floor admeasuring of a 1,000 square feet gymnasium, kids play area, banquet hall, jogging track, amongst others
The development will include gymnasium and all other essential amenities
This development will include gymnasium, kids play area, yoga / meditation area amongst others

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On oin Residential Pro ects g g j

Nirvana Louisandra Ave Maria Park View Suraj Lumina

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A value luxury/luxury • A Value luxury standalone project with Top-of-the-line tower with compact units of amenities, excellent 1&2 BHK connectivity, posh location, and peaceful homes, • The project is within minutes Nirvana has it all from the upcoming Dadar
A value luxury project with round the clock security, elevators, mechanized tower parking, elegant interiors and more
The project comprises of both 2BHK and 3BHK configurations
A 24-storey value luxury residential tower in Dadar West, it is one of the city’s most coveted addresses, making it a place to live and grow
It provides facilities, such as mechanized tower car parking, 24/7 security fire safety provisions, open sky garden, fitness center, rainwater harvesting system, among others. The apartments in the project have sea view
The project is within minutes from the upcoming Dadar Metro Station
Project is in the verdant Shivaji Park neighbourhood
At Nirvana, all the amenities come together to • Easy to invoke Lord Ganesha’s provide the residents with a blessings at Mumbai’s iconic blissful experience and an Siddhivinayak Temple extraordinary lifestyle.
It is surrounded by a unique confluence of history and innovation, with the city’s finest business hubs and entertainment spots and places of worship

• It has close proximity to some of the key landmarks such as Shivaji Park, Hinduja Hospital and Bombay Scottish School

It is a ground plus 22 storey
• A ground plus 54 storey tower tower at G D Ambedkar Marg near Haffkine’s Institute, Parel.

• Ave Maria has 1 and 2 BHK apartments that are thoughtfully designed to add value to your lives

Additionally, the project extends right blend of opportunities and offerings, be it drive to Bandra Kurla Complex for work or Palladium with friends, it is just minutes away.
This project is a Joint venture with Runwal Group

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Summar Of On oin Pro ects y g g j

Particulars	Remarks
Area Sold (Lakh Sq Ft)	5.80
Average Realisation Achieved (Rs per sq ft)	41,106
Collections Received (Rs Cr)	1,552
Balance Receivable (Rs cr)	833

Particulars	Remarks
Total Unsold Area (Lakh Sq Ft)	0.32
Average Estimated Realisation Of Unsold Area (Rs Per Sq Ft)	51,460
Estimated GDV of unsold area (Rs cr)	~163

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Estimated Sold and Unsold Receivables from Ongoing Projects ~Rs 996cr

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FY29

Com letion Tar ets For On oin Pro ects p g g g j

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GDV of Rs 163 cr from unsold area of ongoing projects

Balance receivables of Rs 996 cr to flow from FY26-FY29E from area sold and balance unsold area

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Ave Maria
Nirvana CCIL Bhavan
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Louisandra
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Eterna Park View
Vitalis Ocean Star
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FY26
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Suraj Emmanuel

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FY27
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The Palette

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Suraj Lumina

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FY25

1	Louisandra	Dadar (W)	Residential	Ongoing	Completed*	0.63	0.29	0.29	-	99.16	34,430	87.93
2	Ave Maria	Dadar (W)	Residential	Ongoing	Completed*	1.77	0.23	0.23	-	86.40	38,049	81.36
3	Vitalis	Mahim (W)	Residential	Ongoing	31-12-2026	3.49	0.81	0.81	-	338.39	41,553	142.07
4	Suraj Eterna	Mahim (W)	Residential	Ongoing	31-12-2026	0.61	0.33	0.28	0.05	106.91	37,718	63.30
5	Palette	Dadar (W)	Residential	Ongoing	31-12-2025	4.96	1.8	1.70	0.10	786.86	46,280	554.99
6	Ocean Star-I	Dadar (W)	Residential	Ongoing	30-06-2026	2.52	0.6	0.60	0.00	316.05	52,343	184.02
7	CCIL Bhavan (Phase-II-Additional 2.5 floors)	Dadar (W)	Commercial	Ongoing	30-06-2025	0.27	0.24	0.24	-	96.51	40,068	46.57
8	Suraj Parkview 2	Dadar (W)	Residential	Ongoing	31-12-2026	0.64	0.21	0.21	0.00	92.56	44,343	43.53
9	Saraswat Bank Bhavan (Additional 2.5 Floors)	Prabhadevi	Commercial	Ongoing	Not Applicable	0.22	0.17	0.17	-	107.65	61,999	78.27
10	Mestry House	Mahim (W)	Residential	Ongoing	Not Applicable	0.17	0.01	0.01	-0.00	4.53	34,920	0.90
11	Nirvana**	Parel (East)	Residential	Ongoing	Completed	3.22	0.91	0.91	-	212.84	23,364	183.82
12	Emmanuel	Dadar (W)	Residential	Ongoing	30-12-2025	0.79	0.28	0.28	-	110.96	39,434	77.85
13	Suraj Lumina	Mahim (W)	Residential	Ongoing	31-12-2028	1.04	0.22	0.06	0.17	26.56	46,119	7.60
	Total					20.34	6.12	5.80	0.32	2,385.38		1,552.22

(**Total Carpet Area for Sale reflects Group's share in Project Nirvana as per JDA and the Developable Area reflects Group’s pro-rata share of Total Developable Area of Project Nirvana as per the JDA) * OC Awaited

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Sr. No. 1	Project Name	Location	Type	Segment	*Estimated Carpet Area for sale (lakh sq.ft)**
	Suraj Vibe (Final Plot No 426-A & Final Plot No 426-B)	Mahim (W)	Commercial	Commercial	2.09
2	Suraj Parkview 1	Dadar (W)	Residential	Value Luxury	0.53
3	Kowliwadi & Kripasiddhi Building	Prabhadevi	Residential	Value Luxury	0.24
4	JRU Property	Byculla ( E )	Residential	Value Luxury/ Luxury	0.21
5	Gudekar House, Irani Building and Ratnabhumi Bld	Dadar (W)	Residential	Value Luxury	0.33
6	Madonna Wing B	Dadar (W)	Residential	Value Luxury	0.14
7	Lumiere Phase 2	Dadar (W)	Residential	Value Luxury	0.20
8	Lucky Chawl	Mahim (W)	Residential	Value Luxury	0.15
9	Bandra Project 1	Bandra (W)	Residential	Value Luxury/ Luxury	0.46
10	Bandra Project 2	Bandra (W)	Residential	Luxury	0.89
11	Bandra Project 3	Bandra (W)	Residential	Luxury	0.35
12	Marinagar Phase -2**	Mahim (W)	Residential	Value Luxury	1.07
13	Marinagar Phase -3**	Mahim (W)	Residential	Value Luxury	0.64
14	Lobo Villa & Ellis Villa**	Mahim (W)	Residential	Value Luxury	0.30
15	Girgaonkarwadi	Mahim (W)	Residential	Value Luxury	2.00
16	Ambavat Bhawan	Lower Parel ( E)	Residential	Value Luxury	0.17
17	Norman House	Dadar (W)	Residential	Value Luxury	0.07
18	Nanabhai Manzil	Mahim (W)	Residential	Value Luxury	0.20
19	Shivaji Park	Dadar (W)	Residential	Luxury	0.16
	Total				10.20

Notes : * Estimated Carpet Area has been calculated based on certain assumptions and estimates made by us. The actual Carpet Area may vary from the estimated Carpet Area presented herein based on plans approved by the Brihanmumbai Municipal Corporation (BMC) .

** Marinangar Phase 2- Post settlement of litigation with OLV & OLPS Society. Marinagar phase -3 : The company won a bid for obtaining development rights of land component with 5 existing buildings thereon. *** Project Land for Lobo Villa & Ellis Villa Acquired post 31 March 2024

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Land Reserves

Sr. No.	Location	Name of company/entity that is the developer of the project	Company’s /Entity’s effective stake in the project (%)	Leased/ Owned/Developmen t Rights	Plot Area
					Square Meters
1	C.T.S.No.918 Mount Mary, Hill Road, Bandra (W)	Accord Estates Pvt. Ltd.	100	Leasehold Rights	1,173.57
2	C.T.S.No.930 Mount Mary, Hill Road, Bandra (W)	Accord Estates Pvt. Ltd.	100	Owned	364.21
3	C.T.S. No 917 Mount Mary, Hill Road, Bandra (W)	Accord Estates Pvt. Ltd.	100	Development Rights	3,884.91
4	C.T.S. No 929 Mount Mary, Hill Road, Bandra (W)	Accord Estates Pvt. Ltd.	100	Development Rights	1,740.12
5	C.T.S. No 931 Mount Mary, Hill Road, Bandra (W)	Accord Estates Pvt. Ltd	100	Development Rights	890.29
6	C.T.S. No 916 Mount Mary, Hill Road, Bandra (W)	Accord Estates Pvt. Ltd	100	Development Rights	1,578.25
		*Total Bandra (W)*			*9,631.35*
7	CS No 3429, 3430 and 3262 - Kole Kalyan Property, Santacruz (E)	Suraj Estate Developers Ltd.	100	Development Rights	728.42
		*Total Santacruz (E)*			*728.42*
	Total				10,359.77

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	Completed Projects	Completed Projects	Completed Projects	Completed Projects					Occupation certificate for all floors Yes/ No Yes Yes Yes (Except for 4 Flats) Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes


Sr. No	Project Name	Location	Type and configuration	Name of company/entity that is the developer of the project	Company's / respective entity's stake in project	Developed Area		Date of Occupation certificate	Occupation certificate for all floors
					(%)	(square meter)	(square feet)		Yes/ No

1	Tranquil Bay-II	Dadar(W)	Residential	SurajEstate Developers	100	2,756.27	29,668.49	13-03-2019/17-10-2022	Yes
2	Tranquil Bay-I	Dadar(W)	Residential	SurajEstate Developers	100	356.22	3,834.35	15-10-2011	Yes
						(FSI area)	(FSI area)
3	Ocean Star-II	Dadar(W)	Residential	SurajEstate Developers	100	1,038.86	11,182.29	26-02-2019	Yes (Except for 4 Flats)
						(FSI area)	(FSI area)
4	Mon Desir	Dadar (W)	Commercial / Residential	Suraj Estate Developers	100	2,749.03	29,590.56	27-08-2019	Yes
5	Mangirish	Dadar(W)	Residential	Accord Estates	100	5,850	62,973	06-12-2021	Yes
6	St Anthony Apartments	Mahim (W)	Residential	Suraj Estate Developers	100	1,839.62	19,801.67	27-08-2021/29-04-2022	Yes
7	Brahmsidhhi CHS	Prabhadevi	Residential	SurajEstate Developers	100	8,402.50	90,444.51	22-03-2006	Yes
8	Saraswat Bank Bhavan (Phase- 1-upto 7th floor	Prabhadevi	Commercial	Suraj Estate Developers	100	3,986.24	42,907.89	16-10-2010	Yes
9	Suraj Height -I,II,III	Goregaon (E)	Commercial / Residential	Suraj Estate Developers	100	5,882.07	63,314.60	08-02-1996	Yes
						(FSIarea)	(FSIarea)
10	Christina Apartments	Santacruz (E)	Commercial / Residential	Suraj Estate Developers	100	408.8	4,400.32	23-04-2003	Yes
						(FSIarea)	(FSIarea)
11	SurajMuktiyash	Dadar(W)	Residential	SurajEstateDevelopers	100	1,441.67	15,518.14	12-03-1996	Yes
						(FSIarea)	(FSIarea)
12	Suraj Sadan	Mahim(W)	Residential	SurajEstateDevelopers	100	499.69	5,378.66	19-01-1994	Yes
						(FSIarea)	(FSIarea)
13	CCIL Bhavan (Phase-I-up to 6th floor	Dadar (W)	Commercial	Suraj Estate Developers	100	5,949.68	64,042.35	13-02-2012	Yes
						(FSIarea)	(FSIarea)
14	GodavariSadan	Dadar(W)	Residential	AccordEstates	100	773.50	8,325.95	21-07-2003	Yes
						(FSIarea)	(FSIarea)
15	Rahul-1	Dadar(W)	Residential	SurajEstateDevelopers	100	1,562.51	16,818.85	14-07-1997	Yes
						(FSIarea)	(FSIarea)

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Sr. No	Project Name	Location	Type and configuration	Name of company/entity that is the developer of the project	Company's / respective entity's stake inproject	Developed Area		Date of Occupation certificate	Occupation certificate for all floors
					(%)	(square meter)	(square feet)		Yes/ No
16	Rahul-11	Dadar (W)	Residential	Suraj Estate Developers	100	1,278.07	13,757.15	20-04-1993	Yes
						(FSI area)	(FSI area)
17	Vinayak Darshan	Dadar (W)	Residential	Suraj Estate Developers	100	866.25	9,324.32	03-12-1992	Yes
						(FSI area)	(FSI area)
18	Bobby Apartments	Mahim (W)	Residential	Suraj Estate Developers	100	373.75	4,023.05	22-05-2003	Yes
						(FSI area)	(FSI area)
19	Suraj Venture-A	Mahim (W)	Residential	Suraj Estate Developers	100	1,250	13,455	03-11-1990	Yes
						(FSI area)	(FSI area)
20	Suraj Venture-B	Mahim (W)	Residential	Suraj Estate Developers	100	1,909.89	20,558.05	14-01-1992	Yes
						(FSI area)	(FSI area)
21	Hallmark	Wadala (E)	Residential	Suraj Estate Developers	100	450.8	4,852.41	30-11-2016	Yes
						(FSI area)	(FSI area)
22	Harmony	Dadar (W)	Commercial / Residential	Suraj Estate Developers	100	370.09	3,983.65 1	06-04-2010	Yes (Except for 4 Flats)
						(FSI area)	(FSI area)
23	Neat House	Dadar (W)	Residential	Suraj Estate Developers	100	1,812.95	19,514.59	18-09-2000	Yes
						(FSI area)	(FSI area)
24	Madonna Wing A	Dadar (W)	Residential	Suraj Estate Developers	100	995.3	10,713.40	07-08-1999	Yes
						(FSI area)	(FSI area)
25	Our Lady of Vailankanni & OurLadyof Perpetual Succour	Mahim (W)	Residential	Suraj Estate Developers	100	7,025.43	75,621.72	15-11-2003	Yes
						(FSI area)	(FSI area)
26	Our Lady of Lourdes	Mahim (W)	Residential	Suraj Estate Developers	100	1,680.48	18,088.69	07-10-1996	Yes
						(FSI area)	(FSI area)
27	Jacob Apartments	Dadar (W)	Commercial/ Residential	Suraj Estate Developers	100	1,087.69	11,707.90	16-03-2006	Yes (Excep for 4 Flats)

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Com leted Pro ects p j


Sr. No	Project Name	Location	Type and configuration	Name of company/entity that is the developer of the project	Company's / respective entity's stake in project	Developed Area		Date of Occupation certificate	Occupation certificate for all floors
					(%)	(square meter)	(square feet)		Yes/ No
28	Gloriosa Apartments	Dadar(W)	Residential	SurajEstate Developers	100	3,343.56	35,990.08	01-04-2005	Yes(Except for 4 Flats)
						(FSI area)	(FSI area)
29	Lavanya Apartments	Dadar(W)	Residential	SurajEstate Developers	100	1,610.80	17,338.65	12-03-2003	Yes
						(FSI area)	(FSI area)

30	Shweta Apartments	Dadar(W)	Residential	SurajEstate Developers	100	1,265.26	13,619.26	25-04-1996	Yes
						(FSI area)	(FSI area)
31	Sujatha Apartments	Dadar(W)	Residential	SurajEstate Developers	100	800.15	8,612.81	27-04-2001	Yes
						(FSI area)	(FSI area)
32	SurajEleganza -1	Mahim(W)	Residential	SurajEstate Developers	100	1,302.47	14,019.79	25-07-2005	Yes
						(FSI area)	(FSI area)
33	SurajEleganza -11	Mahim(W)	Residential	SurajEstate Developers	100	1,635.36	17,603.01	03-01-2007	Yes
						(FSI area)	(FSI area)
34	EternityApartments	Mahim(W)	Residential	SurajEstateDevelopers	100	552	5,941.73	22-04-2010	Yes
						(FSI area)	(FSI area)
35	ICICI Apartments	Dadar(W)	Residential	SurajEstate Developers	100	1,333.57	14,354.54	31-03-2000	Yes
						(FSI area)	(FSI area)
36	ICICI Apartments	Prabhadevi	Residential	SurajEstate Developers	100	1,631.48	17,561.25	30-03-2007	Yes
						(FSI area)	(FSI area)
37	DiomiziaApartments	Dadar NJ)	Residential	SurajEstateDevelopers	100	1,375.61	14,807.06	14-02-2011	Yes
						(FSIarea)	(FSIarea)
38	Elizabeth Apartment	Dadar NJ)	Commercial/Residential	SurajEstateDevelopers	100	3,769.84	40,578.56	27-03-2020	Yes
39	Lumiere	Dadar NJ)	Commercial/ Residential	New Siddharth Enterprises	100	3,880.06	41,764.97	30-12-2020/29-09-2022	Yes
40	Mahadevachiwadi CHS	Parel	Commercial/ Residential	Accord Estates	100	9,061.85	97,541.75	27-10-20 15	Yes
						(FSIarea)	(FSIarea)
41	SurajVista	Dadar(W)	Residential	SurajEstateDevelopers	100	473.3	5,094.60	18-09-1996	Yes
						(FSIarea)	(FSIarea)
42	Elizabeth Apartment	Elphinstone Road	Residential	Suraj Estate Developers	100	2,593.20	27,913.20	23-10-1992	Yes
						(FSIarea)	(FSIarea)
	Total					97,225.31	10,46,543.20

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For further information, please contact

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Company :

Suraj Estate Developers Limited CIN - L99999MH1986PLC040873

Mr. Ashish Samal GM – Investor Relations [email protected] + 91-9920778076

Mr Mukesh Gupta Company Secretary & Compliance Officer [email protected] 022-24460707 www.surajestate.com

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Investor Relations Advisors : Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285

Mr. Rahul Agarwal [email protected] +91- 9821438864 Ms. Brinkle Shah Jariwala [email protected] +91-96193 85544 www.sgapl.net

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AI assistant

Suraj Estate Developers Limited — Investor Presentation 2025

62384_rns_2025-05-27_ee3fedaf-cf08-48d4-9fcc-e220c5504e25.pdf

To

For Suraj Estate Developers Limited

Suraj Estate Developers Limited

Safe Harbor

Messa e From Whole Time Director g

Commercial : Ke Growth Driver in FY26 y

Q4 & FY25 Financial and Operational Highlights

Q4 & FY25 Operational Performance

Sales Value (Rs cr)

Sales Area (Sq Ft)

Q4FY25 Operational Performance :

FY25 Operational Performance:

Q4 & FY25 Financial Performance

Total Income (Rs cr)

EBITDA (Rs cr)

Total Income (Rs cr)

EBITDA (Rs cr)

PAT (Rs Cr)

PAT (Rs Cr)

Consolidated Profit & Loss Statement

Consolidated Balance Sheet

Consolidated Cash Flow Statement

‘Suraj’- Leading Real Estate Developer in South Central Mumbai (SCM)

One of the Market Leaders in Redevelo ment Pro ects in SCM* p j

ONE OF THE MARKET LEADERS IN REDEVELOPMENT

Redevelo ment Ex ertise p p

SCM : A Lucrative Micro Market In Mumbai

Dynamics of SCM Market

Our Journe S annin Over 38 Years y p g

Proven Track Record Of Deliverin g Residential And Commercial Projects

Timeline of completed projects

Residential and Commercial Projects

COMPETITIVE STRENGTHS

Com etitive Stren ths p g

Diversified Portfolio Across Value Luxury And Luxury Segments

Marketing & Sales Strategy

Established Real Estate Brand In SCM

Strong Expertise In Tenant Settlement In Redevelopment Projects

Diversified Portfolio Across Value Luxury And Luxury Segments (1/2)

Present Across Price Points, Unit Sizes And Sub-Markets In The SCM

Upcoming Projects

Ongoing Projects

Estimated Carpet Area For Sale**

Estimated Sold and Unsold Receivables from Ongoing Projects ~Rs 1,091cr

Diversified Portfolio Across Value Luxury And Luxury Segments (2/2)

Ongoing Projects : Presence across unit sizes and price points

No. of offerings

Stron Ex ertise In Tenant Settlement In Redevelo g p pment Projects

Strong Track Record Of Tenant Settlement

Preferred Redevelopment Developer

Marketin & Sales Strate ies g g

High Engagement Levels Through The Customer Lifecycle Create Network Effect

Marketing Team

Sourcing Team

Sales Closing Team

Increasing Sales

Market Opportunity (1/2)

MMR is the top performer* in overall residential real estate activity

Market Opportunity (2/2)

Redevelopment is a large, ongoing opportunity in SCM

SCM is an attractive real estate market

Source: Company Commissioned Anarock Report. MHADA

Ex erienced Board Of Directors… p

Rajan Meenathakonil

Sujatha R. Thomas

Thomas

Elizabeth Lavanya Rajan Thomas

Sunil Pant

Jitendra Shantilal Mehta

Vinod Prabhudas Chitore

Senior Ke Mana erial Personnel y g

Shreepal Shah

Mukesh Gupta

Gopal Barve

Anand Vyas

Sunny Soni

Jitendtra Gupta

Suraj Estate Developers Limited Investor Presentation 2025

**MMR is the top performer* in overall residential real estate activity**