INVESTOR UPDATE: STRATEGIC ASSET ACQUISITION

Subject: Suraj Estate Developers Secures Prime Mahim Land Rights, Unlocking ₹800 Crore GDV Potential Executive Summary Suraj Estate Developers Limited is pleased to announce a highly value-accretive acquisition executed through its wholly-owned subsidiary, Iconic Property Developers Private Limited. The company has successfully completed and registered a development agreement for a premium 2,941-square-meter land parcel located in Mahim (West), Mumbai. Secured with a total strategic investment of ₹82.72 crore, this transaction significantly reinforces the company's robust project pipeline and growth trajectory in the highly sought-after South-Central Mumbai real estate market. Strategic Rationale & Synergies The core value proposition of this acquisition lies in its strategic geographical positioning. The newly acquired plot is directly contiguous to the company’s ongoing flagship commercial development, Suraj One Business Bay. This crucial adjacency allows for the seamless amalgamation of the two land parcels. For stakeholders, this strategic consolidation translates into optimized architectural master planning, enhanced economies of scale during the construction phase, and the creation of a more expansive, dominant commercial destination. This move aligns perfectly with management's core strategy of deepening the company's footprint in high-barrier, high-yield urban micro-markets. Management Outlook The ₹82.72 crore capital deployment underscores a disciplined approach to capital allocation, targeting assets that offer exceptional operational synergies and strong asymmetric upside. By successfully securing these development rights, Suraj Estate has effectively fortified its near-to-medium-term operational pipeline. Management remains sharply focused on accelerating the development lifecycle of the expanded Suraj One Business Bay project to maximize sustained cash flows and long-term shareholder value.