Pranav Constructions Limited

• Funding costs towards obtaining government and statutory approvals and purchase of additional FSI as per applicable laws and cost towards compensation to members towards alternate accommodation, and hardship compensation, in relation to the development of certain of our Under-construction Redevelopment Projects, and certain of our Upcoming Redevelopment Projects₹146 Cr
• Repayment or pre-payment, in full or in part, of certain of our outstanding borrowings availed by our Company₹91.5 Cr
• Funding acquisition of future redevelopment projects and general corporate purposes₹42.6 Cr

Except as disclosed in this section, there are no outstanding (i) criminal proceedings (including matters which are at an FIR stage even if no cognizance has been taken by any court); (ii) actions taken by regulatory and/or statutory authorities; (iii) claims related to direct and indirect tax matters (disclosed in a consolidated manner); and (iv) other pending litigation/arbitration as determined to be material by our Board pursuant to the Materiality Policy as approved by our Board, in each case involving our Company, Subsidiaries, Promoters and Directors (Relevant Parties); (v) outstanding criminal proceedings or outstanding actions taken by statutory and/or regulatory authorities involving our Key Managerial Personnel and Senior Management. Further, there are (i) no disciplinary actions including penalties imposed by the SEBI or the Stock Exchanges against our Promoters in the last five Financial Years including any outstanding action; or (ii) no outstanding litigation involving our Group Companies which may have a material impact on our Company.

• Our business, financial condition and results of operations have been and will continue to be significantly dependent on the performance of, and the prevailing conditions affecting, the real estate market in the MCGM Region, which has accounted for 99.70%, 99.69% and 99.50% of our revenue from operations for the Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively.(Geographic Concentration)

• An inability to complete our Under-construction Redevelopment Projects and Upcoming Redevelopment Projects by their respective expected completion dates or at all could have a material adverse effect on our business, reputation, results of operations and financial condition.(Project Execution)

• Any delay in completion of the projects or in achieving milestones as mentioned in the agreement may subject us to RERA mandated penalties, interest payments and cancellation liabilities.(Regulatory & Legal)

• Such delays could also lead to customer dissatisfaction, negative publicity, litigation, loss of buyer confidence, revocation of approvals, and failure to realize expected project economics.(Reputation & Customer Confidence)

• Our Redevelopment Projects involve a significant time period and consequently the capital invested is tied up and is relatively illiquid (until sale of units commences), these aspects may limit our ability to respond promptly to changing market conditions.(Liquidity)

• The real estate market in the MCGM Region may be affected by various factors outside our control, including prevailing socio-economic and market conditions, changes in demand for Redevelopment, changes in applicable governmental regulations and related policies, availability of financing for our Redevelopment Projects and applicable interest rates, change in demographic trends, employment and income levels, among other factors.(Market Conditions)

• The MCGM Region may be exposed to natural disasters such as flooding, and our Redevelopment Projects in the MCGM Region may be subject to such risks.(Natural Disasters)

• We cannot assure that natural disasters will not impact our Redevelopment Projects in the future, even though our Redevelopment Projects were not significantly impacted by such factors in the past.(Natural Disasters)

• PRANAV CONSTRUCTIONS LIMITED - RHP01 Sept 2026