2000 5000 Company Update 20220510

email : info@mtar.in website : www.mtar.
in I
MTAR CIN No : L72200TG 1 999P1C032836
To, Date: l0-May-2022
The Manager The Manager,

BSE Limited NSB Limited,
P. J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex,
Mumbai-400001 Bandra (E), Mumbai- 400051.
(BSE Scrip Code:543270) (NSE Symbol: MTARTECH)
Dear Sir/ Madam,
Sub: Additional disclosure to Outcome of Board Meeting under Regulation 30 of SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding
acquisition of lWs. GEE PEE Aerospace & Defence Private Limited.
Ref: Regulation 30 read with SEBI Circular CITUCFD/CN{D141}}I1 dated O9-Sept-

20ls
With reference to the subject cited, this is to inform the exchanges that at the Board Meeting
of MTAR Technologies Limited held on Tuesday, l0-May-2022 at 3:55 P.M at the registered
office of the company. approved acquisition of M/s. GEE PEE Aerospace & Defence Private
Limited and information as per SEBI Circular CIR/CFD/CMD|4|2\I5 dated 09-Sept-2015 is
annexed to this letter.
Note: The said acquisition is subject to the terms qnd conditions of the Share Purchase
Agreement to be entered beween the parties to the transaction.
This is for your information and records.
Thanking You,
This is for your information and records
For MTAR Technologies Limited
W
Shubham Sunil Bagadia
Company Secretary & Compliance Officer
M. No.55748
MTAR TeChnOlOgieS Ltd. trorrerty known as MTAR Technotogies Pvt Ltd), 18, Technocrats lndustrial Estate, Balanagal
Hyderabad - S0O 037. Telangana, lndia. office : 04044553339t23078312 fax : 9140-44553322123078316, GST No.: 36AACCM2021N1ZL
email : info@mtar.in website : www.mtar.in I
,YTMR N No : L7 2200TG1 999P1C032836
Cl
Annexure - I
Disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure

requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CM.Dl4l20l5
dated September 9,2015
S.no Particulars Disclosure

I name of the target entity, details in brief Name: Gee Pee Aerospace And Defence
such as size, turnover etc Private Limited
Size and Turnover: Turnover of the

company as per audited financials dated 3l -
Mar-2021 is Rs. 1,67,59,4591- and net
worth of Rs . 1,33,57,6331-.
2 whether the acquisition would fall The transaction does not fall within related
within related party transaction(s) and party transaction(s) since none of the
whether the promoter/ promoter group/ directors or promoters or either of their
group companies have any interest in relatives are interested in the entity being
the entity being acquired? If yes, nature acquired and the transaction is at arms'
of interest and details thereof and length
whether the same is done at "arms
length";
J industry to which the entity being Manufacturing of high precision

acquired belongs; components for Defence and Aerospace
Sectors
4. objects and effects of acquisition Objects: Enhancement of capacity in bottle
(including but not Iimited to, disclosure neck areas.
of reasons for acquisition of target
entity, if its business is outside the main Effects: The said acquisition would
line of business of the listed entity); enhance the revenue growth further and
expand the customer base specifically in
defence and elite sectors.
5 brief details of any governmental or Not Applicable

regulatory approvals required for the
acquisition
6. indicative time period for completion of Within Three months from the date of
the acquisition Board Meeting i.e; l0-May-2022
7 nature of consideration - whether cash The consideration is of Rs. 8.82 Crores

consideration or share swap and details payable in Cash after deduction of
of the same borrowings and liabilities.
z-
MTAR TeChnologies Ltd. tro,",erry known as MrAR 8, Technocrats lndustrial Estate, Balanagar,
Hyderabad - S00 037. Telangana, lndia. office : 040-44553333123078312 'fax:91-40-44553322123078316, GST No.: 36AACCM2021N1ZL
email : info@mtar.in website : www.mtar.ln I
M7A[T
CIN No : L72200TG1 999P1C032836
8 cost of acquisition or the price at which Net consideration to shareholders would be

the shares are acquired of Rs. 2,5001- to Rs. 3,000/- per share.
9 percentage of shareholding / control MTAR Technologies will acquire 100%

acquired and / or number of shares shareholding of M/s. Gee Pee Aerospace
acquired; And Defence Private Limited
r0. brief background about the entity About the co.: The target company is into
acquired in terms of products/line of Manufacturing of high precision
business acquired, date of incorporation, components for Defence and Aerospace
history of last 3 years turnover, country Sectors.
in which the acquired entity has
presence and any other significant Date of Incorporation: 20-Jun-l 988.
information (in briefl)
Turnover
2020-21 : Rs. 1,67,59,4591-
2019-20 : Rs. 3,59,10,4441-
201 8- 19 : Rs. 5,13,87,3641-
Country: India
For MTAR Technologies Limited

M. No.55748
MTAR TgChnOlOgieS Ltd. trorrerty known as MTAR Technotogies Pvt Ltd), 18, Technocrats lndustrial Estate, Balanagar,
Hyderabad - 500 037. Telangana, lndia. office : 040-44553333123078312 fax'.914044553322123078316, GST No.: 36AACCM2021N'|ZL
Date: 8th May, 2022
To, To,
BSE Limited National Stock Exchange of India Limited
P. J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex,
Mumbai – 400 001. Bandra (East), Mumbai-400 051.
Ref.: BSE Scrip Code No. “533138” Ref: “ASTEC”
Subject: Transcript of Conference Call with Investors & Analysts held on Tuesday, May 3, 2022 at
3.30 p.m.
Dear Sir / Madam,
Please find enclosed herewith transcript of Conference call of Astec LifeSciences Limited with the
Investors and Analysts held on Tuesday, May 3, 2022 at 3.30 p.m.
This aforementioned information is also made available on the website of the Company i.e.,
www.astecls.com
Kindly take note of the above.
Thanking you,
Yours faithfully,
For Astec LifeSciences Limited

TEJASHREE
Digitally signed by TEJASHREE ROHAN PRADHAN
DN: c=IN, o=Personal,
2.5.4.20=d7353bf95b7d8de2bb8a40acecbf3d366b9b54
7485e521d767e1a5353c31c3a0, postalCode=400606,
ROHAN st=MAHARASHTRA,
serialNumber=cc444393f2150dc819f3d8164db345c555
b40cb184b6ae8611cda7b9d64587a7, cn=TEJASHREE
PRADHAN
ROHAN PRADHAN, l=THANE,
pseudonym=22b31a79fb934b36b4be2e85835a9a14
Date: 2022.05.10 18:22:53 +05'30'
Tejashree Pradhan
(FCS 7167)
“Astec LifeSciences Limited
Q4 FY2022 Earnings Conference Call”
May 3, 2022
ANALYST: MR. ANIRUDDHA JOSHI – ICICI SECURITIES LIMITED
MANAGEMENT: MR. NADIR B GODREJ – CHAIRMAN – GODREJ AGROVET

LIMITED & ASTEC LIFESCIENCES LIMITED
MR. BALRAM YADAV – MANAGING DIRECTOR – GODREJ
AGROVET LIMITED
MR. S. VARADARAJ – CHIEF FINANCIAL OFFICER – GODREJ
AGROVET LIMITED
MR. ANURAG ROY – WHOLE – TIME DIRECTOR & CHIEF
EXECUTIVE OFFICER – ASTEC LIFESCIENCES LIMITED
MR. SAURAV BHALA – CHIEF FINANCIAL OFFICER – ASTEC
LIFESCIENCES LIMITED
MR. ADITYA DESAI – HEAD – INVESTOR RELATIONS -
GODREJ AGROVET LIMITED
Page 1 of 15
Astec Lifesciences Limited
May 03, 2022
Moderator: Ladies and gentlemen, good day and welcome to the Astec LifeSciences Limited Q4 FY2022
earnings conference call hosted by ICICI Securities Limited. As a reminder, all participant lines
will be in the listen only mode and there will be an opportunity for you to ask questions after the
presentation concludes. Should you need assistance during the conference call, please signal an
operator by pressing “*” then “0” on your touchtone phone. Please note that this conference is
being recorded. I now hand the conference over to Mr. Aniruddha Joshi from ICICI Securities.
Thank you and over to you Mr. Joshi!
Aniruddha Joshi: Thanks, Nirav. On behalf of ICICI Securities, we welcome you all to Q4 FY2022 results
conference call of Astec LifeSciences Limited, a subsidiary of Godrej Agrovet Limited. Now I
hand over the call to Mr. Aditya Desai, Head of Investor Relations from Godrej Agrovet Limited
as well as Astec. Thanks, and over to you Sir.
Aditya Desai: Thanks, Aniruddha. Good afternoon, everyone and thank you for joining us on the earnings call
of Astec LifeSciences Limited for Q4 FY2022 and full year ended FY2022. We have with us
today, Mr. Nadir Godrej, Chairman of Godrej Agrovet Limited and Astec LifeSciences Limited.
From Godrej Agrovet Limited, we have with us, Mr. Balram Yadav, Managing Director and Mr.
S. Varadaraj, Chief Financial Officer. From Astec LifeSciences Limited, we have, Mr. Anurag
Roy, Whole – Time Director & Chief Executive Officer and Mr. Saurav Bhala, Chief Financial
Officer. We would like to begin the call with brief opening remarks from the Management,
following which, we will have the forum open for an interactive question and answer session.
Before we start, I would like to point out that some statements made in today’s call may be
forward looking in nature and actual results may differ from those expressed or implied. I would
now like to invite Mr. Nadir Godrej to make the initial remarks. Over to you, Sir.
Nadir B Godrej: Good day, everyone. I welcome you all to the earnings call of Astec LifeSciences. I hope you are
doing well. The Financial Year FY2021-22 was the year of revival for the Indian economy from
the COVID induced disruption. The country made rapid progress in vaccination and closed the
year with a majority of the adult population vaccinated with both the doses. India’s GDP growth
rebounded to an estimated 8.9% in fiscal year FY2021-22 from the contraction in the previous
year. India’s merchandize exports reached a record high of $418 billion in fiscal year FY2021-22
of 40% growth over the previous year. The agriculture and allied sectors have remained resilient
throughout the COVID lead disruption and it is estimated to grow by 3.9% in fiscal year FY2021-
22 as per the latest estimates by the Central Statistical Office. At the same time, the international
prices of multiple agricultural commodities, NHEL, agrochemical inputs have risen sharply
during fiscal year FY2021-22. The significant increase in cost is being driven by supply chain
disruption, a rebound in global demand and most recently uncertainties surrounding the Russian
Ukraine conflict. The end product prices for most of our products have also increased
significantly during the year while demand from the export market continues to remain strong.
Now I will take through the financial performance and key developments of the Company during
the Q4 and the full year ended March 2022. Astec delivered its best ever quarterly as well as annual
performance till date. The growth in total income was phenomenal at 60.7% in Q4 and 22.1% in
Page 2 of 15
May 03, 2022
the full year 2022 over the corresponding previous period. The topline growth was strongly
supported by margin improvement. The consolidated profit after tax grew 79.7% year-on-year in
Q4 fiscal year FY2022 and 38.1% for the full year 2022 over the corresponding previous period.
Robust topline performance in Q4 fiscal year FY2022 was driven by higher realization to the export
market and good volume growth in contracting and manufacturing business. Exports more than
doubled in Q4 fiscal year FY2022 growing by 127.3% year-on-year. The share of domestic
business declined during the Quarter as we allotted more of the available capacity to fulfill our
export commitment. For the full year 2022, the export business grew by 44.4% driven by both
realizations as well as volume growth. Domestic sales were marginally up by 0.5% over the
previous year. The gross profit margin improved to 40% in Q4 fiscal year FY2022 from 39% in
Q4 fiscal year FY2021. For the full year FY2022, the gross profit improvement was substantial at
447 basis points. This was driven by a combination of factors including product mix, higher sales
price realization in some key products and backward integration benefits. EBITDA margin for Q4
fiscal year FY2022 was 26.6% compared to 23.1% in Q4 fiscal year FY2021. For the full year,
EBITDA margin was at 24.3% as compared to 21.5% in the previous year. Improvement in
EBITDA margin was slightly constrained due to increase in other expenses on commencement of
our new herbicide plant. During the year, Astec commissioned a new herbicide plant and started
patch production of CMO products with satisfactory results. The construction of a new state of the
art R&D Centre is on track and is expected to be completed this year. Astec launched two new
CMO products and a new production process for an enterprise product during the year. For the
next year, we will continue to work towards expanding the contract manufacturing business and
also focus on diversification into other chemistries. We plan to launch two new contract
manufacturing products. We are closely monitoring the fallout from the Russia Ukraine conflict
and do not see any significant impact on our performance at this stage. While input raw material
prices remain volatile, we expect our margins to sustain in the coming quarters and we believe that
we will be able to successfully execute our fiscal year FY2023 profitability target. The
agrochemical industry in India is expected to maintain double digit growth in the coming year as
well largely driven by export. The macro environment for the sector remains conducive for rapid
expansion of the sector. At Astec, we believe that we are well placed to capitalize on this
opportunity. This concludes our business and financial performance updates for the Quarter and for
the Year. With this, I end my opening remarks and we will be happy to take your questions. Thank
you.
Moderator: Thank you very much. We will now begin the Question and Answer session. The first question is
from the line of Aman Vora from Premier Capital Services Limited. Please go ahead.
Aman Vora: Thanks for the opportunity and many congratulations to the Management on a great performance.
I like to let you know like we have been investors in the Company for the last five years and when
we first invested, the total profit for the full year was about Rs.14 Crores to Rs.15 Crores and this
Quarter, the Company has done a profit of Rs.40 Crores to Rs.45 Crores, so extremely proud of
the Management and the work that you guys have done. I would also like to welcome Roy to the
team. So, I had basically three to four basic questions. One was on the herbicide plant and the
capex we had done. We had expected that it will take us almost 12 to 18 months for the full
functioning of the plant to come through, so I just wanted any updates on that and how is the
plant functioning now?
Page 3 of 15
May 03, 2022
Anurag Roy: This is Anurag Roy. A very good afternoon to you and thank you for your kind words. So, your
question on herbicide plant, as you are aware, we commercialized our herbicide plant last year in
June and July and as we move forward, for the herbicide plant in the first year we are expecting
that we will be reaching almost 30% of the utilization. We have a very healthy pipeline of products
coming into the herbicide plant and we expect to take it to almost 90% to 100% utilization in year
three so as we get on to FY2023 we are expecting to take the utilization rates to almost 70%.
Aman Vora: Right and as we get close to commissioning the R&D centre, I think it is planned in Q3 this year
so like now could you brief us more on the strategy and what capabilities you are looking to build
from the R&D centre and how the Management looks at that?
Anurag Roy: Sure. Astec LifeSciences had come a long way as you also appreciated earlier. Over the last five
to six years there was huge amount of work done in consolidating their existing product portfolio
and as we stand today, the next 5 to 10 years for Astec LifeSciences, we are getting into the
growth phase so in line with that growth phase our step one would be to put together the new R&D
facility which the Management and the team had planned for the last 2 to 3 years so that is one of
our priorities and focus area to have that facility up and running by end of this financial year or as
early as September or October this year. So once that R&D centre is up and running, we will be
able to establish our specific key technology platform. We will be able to put in lot more pipeline
products into it which eventually we could commercialize and can give a big boost to our CDMO
business as well as the existing triazole and enterprise business, so going forward R&D is a
critical piece in our entire growth strategy and we are very excited to have that commissioned and
come on board by the end of this year.
Moderator: Thank you. The next question is from the line of Abhijit Akella from Kotak Securities Limited.
Please go ahead.
Abhijit Akella: Good afternoon, gentlemen. Congratulations on a great Quarter and thanks so much for taking
my questions. I just had a couple of clarifications to seek. The first one was on a couple of
numbers in the results. The other income seems a bit on the higher side this Quarter so just
wondering what might have led to? Is there any one-off element in that? And also the capex for
the full year was a bit on the lower side compared to my expectations. I was expecting it to be
closer to between Rs.150 Crores and Rs.200 Crores so is project execution completely on track or
are we lagging behind in any of the projects?
Anurag Roy: I will ask Saurav to answer these two questions for you.
Saurav Bhala: Thanks for the questions. On the question number one, regarding the other
income for the current Quarter, you are right. There were some exceptional items in the current
Quarter. First thing, our insurance claim for the loss of profit due to the March flood that got
accounted in the current Quarter and also our foreign exchange gain. Since our hedging policy
was much better in the current Quarter, so those two were the primary reasons of other income
looking higher in the current quarter. To reply to your second question, capex, we are exactly as
going ahead as per the internal plan. There is some slight delay in the R&D because of the change
in the scope and other stuff, but overall capex remains as per the plan.
Page 4 of 15
May 03, 2022
Abhijit Akella: Thank you. Before I ask the second one, just to clarify if you could just quantify the one-off items
in the other income that would be helpful.
Saurav Bhala: Insurance claim was about Rs.2 Crores and FX gain was about Rs.3 Crores.
Abhijit Akella: Thank you and the second question I just had was as we look ahead into the FY2023, what are the
key growth drivers that we envisage here? Obviously, the CRAMS projects go from say nearly
30% utilization to be 70% next year, but besides that what other growth drivers to be seen for the
business overall and what is the full revenue potential of the herbicide plant that you are envisaging
at full year utilization? Thank you so much.
Anurag Roy: Yes, I will take that question, Abhijit. So, as we get into FY2023, one as you rightly talked about
CMO or our CDMO business will be one of the key growth drivers, so we are expecting to get
three or four more projects commercialized as we get into FY2023 so that definitely will be one
of the growth drivers both on the topline as well as profitability. The second important growth
driver would be our herbicide plant so as all of you are aware, we commissioned it last year and
we are seeing a very good pipeline products getting into the herbicide plant. We also are one of
the very few companies in India to have these high potent herbicide facilities which are really
making our pipeline healthy as we look forward, so we are expecting the products at good
profitability and good margins coming from our herbicide plant as we stabilize our existing
chemistry and the plant which has been recently commercialized so that will definitely be part of
our growth strategy, thick and pillar of the growth strategy as we get into FY2023 and then third
key portion would be looking for the forward, so as we get into this year there will be huge
amount of focus in building the institutional capability to deliver on the future strategies growth
strategies of Astec so we will be preparing for that. We will be laying the capex and ground work
so that we look forward for the future growth of Astec, so these will be two to three key
initiatives which we are expecting in FY2023. The growth will be led by herbicide plant
utilization, the CMO product and lastly, but not the least, we will also continue to work on
strategic sourcing, efficiencies in the plant so that we try to maintain our margins on the existing
enterprise business as well, despite the volatility and macro factors in the market. So those will be
the three to four points I would like to highlight to your question.
Abhijit Akella: Thank you so much and wish you all the best.
Moderator: Thank you. The next question is from the line of Ishmohit Arora from SOIC Ventures LLP. Please
go ahead.
Ishmohit Arora: Congratulations for a great set of numbers, Sir. My question was, what is our percentage
dependent on China for raw materials, because I think we have done a lot of backward integration
projects in the last one or two years?
Page 5 of 15
May 03, 2022
Anurag Roy: So if you look at our total revenues and amount of spend on raw materials and key starting materials
coming in from China, we roughly stand at 65% to 67% and for some of the key starting materials
or some of the key intermediates; for our AIs, we are more or less 80% to 90% backward
integrated so we continuously evaluate the make versus buy decision as we deal with the supply
chain disruptions and some of the shifts in the macro and hence have the overall control on the
product lifecycle as well as the value chain. To answer your question, yes, we have around 65%
reliance on import from the China products, but we have de-risked that by developing some of
the vendors in India and other parts of the world, that is number one and also by systematically
backward integrating so that we can do the make versus buy decision as and when required.
Ishmohit Arora: Right, and Sir, the next question was a bit medium term in nature so when we look at your peers
like PI Industries or something like Deccan Life Sciences, both these companies are really large
when it comes to the topping almost Rs.1000 Crores CRAMs are made to? What are our
aspirations when it comes to the next three to five years and what is our capex outlook to
accelerate the growth aspirations?
Anurag Roy: So, I and the entire team at Astec feel that we are very well positioned right now to guide the future
growth. Lot of macro, as most of you are aware, are also supporting the growth for the chemical
as well as Pharma industry so we really want embark on that journey. In terms of three or four
things which we will be heavily focusing on - number one would be the R&D. We really want to
build future of Astec which is defined and based on our research technology and developmental
solutions to our clients. That would be the key pillar, which we are putting in place by the end of
this year. Then second important piece would be our ability to tech transfer what we built in the
R&D and how well we can commercialise it for our partners and that will be the key other three
pillar which we are establishing within the organization and that will be our strategy for the next
two to three years. For that we would also not hesitate to go heavy on the capex phase. For
example, in the coming year FY2023, we have committed almost Rs.350 Crores to Rs.400 Crores
capex and depending on how we proceed over the next two to three years, we will continue to
invest depending on the pipeline generation and the R&D capability which we will be building in
the near short term. So, in the medium term, our strategy would be to scale up CMO business,
heavily invest on building the pipeline, drive growth through R&D and build relationships with
some of the innovator partners of the world.
Ishmohit Arora: Thank you so much and all the best.
Moderator: Thank you. The next question is from the line of Saurabh from Asian Markets Securities Private
Limited. Please go ahead.
Saurabh: Thank you for the opportunity. Sir, if you can give more details about the FY2023 capex. You
mentioned about Rs.350 Crores to Rs.400 Crores so where it will be spent and more details on the
fungicide plants which we highlighted in the Q2 call?
Anurag Roy: To answer your first question on the capex of Rs.350 Crores to Rs.400 Crores, I believe,
Saurabh, earlier mentioned that the R&D capex was expected to fully realize last year. Some of it is
getting into this year, so in that Rs.350 Crores to Rs.400 Crores, we estimate roughly Rs.110
Page 6 of 15
May 03, 2022
Crores to Rs.120 Crores as against the R&D centre capex. Then as I was mentioning earlier, we
are also expecting very good pipeline products for our existing herbicide plant so as our goal
would be to fully utilize the existing herbicide plant we will also concurrently start investing for
further expansion of the facility for which we have committed Rs.35 Crores to Rs.50 Crores.
Then the balance Rs.70 Crores to Rs.80 Crores we have kept it for lot of improvement and safety
compliances activities at our Mahad locations. Just to give you two examples. We are planning to
further digitize our facilities, manufacturing facilities at Mahad to bring them to the innovator or
the global standard levels. We are also kicking off one of the safety initiatives with DuPont
sustainable solutions so that we become best in class on the process safety side so we are also
investing heavily to further take our competencies to the global levels and for that we are
committing almost Rs.70 Crores to Rs.80 Crores capex and finally as part of our growth strategy
we have earmarked almost Rs.150 Crores for Greenfield multipurpose plant, which will obviously
take three to four years to commercialize but we will start laying the foundation in FY2023 from
the capex perspective so that is the broad breakup of the capex what you were asking. The second
question, I missed out on the second question. Can you repeat that again please?
Saurabh: In the quarter Q2 call there was a mention of the fungicide plant so if you can provide more details?
Is fungicide plant and MTB plant the same?
Anurag Roy: No, I think I answered that, that we have earmarked roughly Rs.150 Crores for the multipurpose
plant and there we would have the mix of fungicide products and some of the other intermediates.
Saurabh: Sir, my second question, if you can now provide the breakup of revenue of CMO and enterprise
for FY2022 and Q4 and also your gross margin guidance? The earlier guidance was 40%? Now
with the CMO mix going up, should we see it going for 40% plus?
Anurag Roy: So, for Q4, our revenues from the CMO business were roughly 23%. For the full financial year,
our contribution in revenues from the CMO business were close to 13%. so that is for the existing
financial year. As we move forward and as the share of CMO business grows in the overall revenue,
clearly there will be some basis points increases in the margin. Roughly as a rule of thumb,
enterprise plus 5% to 7% is what we see as the CMO increase in margins so as and when we see
the percentage share of the CMO business going up, accordingly, in the range of 5% to 7% the
margin keeps going up.
Saurabh: Thank you, Sir.
Moderator: Thank you. The next question is from the line of Rohan Gupta from Edelweiss Financial Services
Rohan Gupta: Good evening and congratulations on good set of numbers. Sir I was asking for a couple of
clarifications. First is on our herbicide plant on full utilization what can be the revenue potential
from that plant if you can give some numbers on that?
Anurag Roy: Yes, so as I was mentioning two to three years’ time frame is when we are seeing full utilization of
that particular plant and we are looking at asset turnover of 1.5 to 1.7 from that particular plant so
anywhere from Rs.230 Crores to Rs.270 Crores is the revenue which we are targeting to come at
Page 7 of 15
May 03, 2022
full utilization.
Rohan Gupta: Sir, you just mentioned that in the current year in FY2023, you are planning to put another capex
on this plant only of Rs.50 Crores to Rs.70 Crores so that will also drive the incremental revenue
in the same ratio of 1.3 to 1.5 x or one can expect because of the better utilization and operating
leverage the revenue potentially can be higher?
Anurag Roy: So, I mentioned Rs.35 Crores to Rs.50 Crores commitment for the plant capacity expansion and
again, you could take two to three years for full utilization for the new capacities and
accordingly, obviously there will be some uptick in the revenues from this new herbicide
investment as well.
Rohan Gupta: Sir, coming on CDMO, where this Quarter run rate was close to 22% to 23% of revenue is full
year was close to 13% to 14%. Given the current product pipeline CDMO business, where you see
that the revenue contributions from CDMO in the next two to three years in terms of overall
topline?
Anurag Roy: Over the next two to three years, one of the bottleneck was obviously for the expansion in the R&D
capabilities. So now with new R&D facilities coming up, we could do lot more development
which means we could take a lot more pipeline products for our CDMO business and what we
expect is, we want to initially in the near short term, take revenues to at least 25% level, 25% to
30% level for the CDMO business and then beyond that it all depends on how well we handle the
customer relationships, how we see the pipeline flow coming from the R&D, the complexity of the
molecules of the products and there are a lot of variables, but our goal would be to at least take
those numbers to 25% to 30% over the next two to three years.
Rohan Gupta: Sir, on our existing capacity, definitely we see the current year herbicide business utilization go
from 30%-35% to 70%? Where are the other plants standing in terms of capacity utilization in
FY2022?
Anurag Roy: So, I think in the previous calls also there has been some guidance given on the capacity
utilizations and we are almost at capacities for our plants. So, every year the delta capacities are
built up either through manufacturing efficiencies or debottlenecking and most of our plants as
usual appreciate are multipurpose plants so getting to firm utilization rates is not at all possible,
because there are complexities of numbers of steps which you put in those plants with the new
products coming in. There are other variables of scale up. The complexity around the chemistry so
getting to the utilization numbers numerically becomes very challenging, but what we keep doing
year-on-year is we keep taking initiatives to debottleneck. We keep taking initiatives to reduce the
number of steps, treat our effluents properly and less usage of solvents so that we can continue to
increase our capacities and hence the revenues from the existing plant.
Rohan Gupta: Fine, I get that. Would it be fair to put asset turn of 1.3 to 1.5 as on your entire FY2023 capex plan
of Rs.350 Crores around?
Anurag Roy: Yes, that would be fair.
Page 8 of 15
May 03, 2022
Rohan Gupta: Over the next two to three years?
Anurag Roy: Over the next two to three years.
Rohan Gupta: On full utilization very interesting? Sir, just last from my side? In your opening remarks you also
mentioned that apart from agrochemicals you are also looking to some other industries and getting
queries and probably working on that? Can you talk a little bit more on that, where we are in and
what industry we are getting into and user industries and where do you see the revenues going from
non-agrochemical in the next three to five years’ timeline?
Anurag Roy: I do not recall saying other industries. Obviously, we are seeing lot of good opportunities in other
industries but as we feel internally that we have not even reached our potential in our core which
is agrochemical so in near to short term we will be heavily focusing on working on our existing
chemistries and platforms catering to the agro business and then opportunistically we will look for
expansion into some of the other sector. It could be speciality, Pharma, intermediate, so on and so
forth, but as of now we are building strategies on building capabilities and platforms around
agrochemicals.
Rohan Gupta: Sir, thank you very much for the clarification. Thanks a lot.
Moderator: Thank you. The next question is from the line of Veena Patel from Narotam Sekhsaria Family
Office. Please go ahead.
Veena Patel: Good evening. Can you please quantify the revenue that was contributed from the new herbicide
plant in the last financial year FY2022?
Anurag Roy: So, the revenue from the new herbicide plant since it was running only for five months or so, it was
close to Rs.25 Crores.
Moderator: Thank you. The next question is from the line of Pankit Shah from Dinero Wealth Private Limited.
Please go ahead.
Pankit Shah: Good afternoon, everyone. So my question is basically on Triazole fungicide, what is our current
contribution from Triazole fungicide coming and what is the diversification plan there, so we are
about to launch a few products in the same category and I guess few Quarters ago there was some
over capacity coming in from China, so we are facing some price issues over there, so what is the
current situation?
Anurag Roy: First and foremost, we operate in multipurpose plant multiple products. Obviously Triazole
chemistry is what we deal for the most part, but we normally do not give out any individual
molecules or platform-based margin indications so that is one. On the overall Triazole chemistry
space at an overall level actually what we are seeing over the next five to 10 years we are still
seeing 3% to 4% growth rate in this particular segment and last year for some of the molecules, we
had actually also seen some of the supply shortages because of the supply chain disruptions in
China and some of the input cost increases and the energy crisis so from that perspective, the
Page 9 of 15
May 03, 2022
Triazole chemistry continue to offer us opportunities and the best part about Astec LifeSciences is
over the years and over the last decade or so we have got a firm grasp on the technology aspects
on this particular platform and hence we are globally extremely competitive and we maintain our
strong position despite the challenges from oversupply and any kind of supply demand balances in
the market.
Pankit Shah: The second question, will be is there any plan for merger with Godrej Agrovet?
Balram Yadav: I will take that. So, we were planning a merger a few years ago because when we acquired this
Company, we realized that it can really grow big, but it would require big capex and at that time
the balance sheet was very small and we thought the capex will not be able to support the capex it
needs and you have heard numbers we are talking about and now we believe that the balance sheet
is strong. The performance of the Company is very good and the kind of capex appetite we have
for the next few years can be managed on the balance sheet of Astec LifeSciences. So as of now
we do not have any plans to merge unless and until there is a big acquisition or M&A opportunity
which can really change the game. So I think as far as the current plan is concerned and the capex
which is planned in the next three to five years, I do not think it needs any support from Godrej
Agrovet Limited or merger into the Godrej Agrovet Limited.
Pankit Shah: Sure, thank you and the last clarification I wanted. You were saying that the percentage increase
in CMO business will help improve our gross margins by say 5% to 7%, am I correct?
Anurag Roy: Yes, that is the broad level guidance which we see and obviously it could go up, but it could be
lower but that is what we are typically seen 5% to 7% more than established or the enterprise
products.
Pankit Shah: Great. Thank you so much.
Moderator: Thank you. The next question is from the line of Mithun Aswath from Kivah Advisors LLP. Please
go ahead.
Mithun Aswath: The question was what will be the capex in FY2022 and I wanted to understand with the growth
that you are getting in the last quarter and in Q3, was this driven primarily because of price
increases, because of the disruption in China and do you see FY2023 as China normalizes even
your pricing will normalize and margins will come back down or do you see this sustaining at the
Q4 levels in FY2023?
Anurag Roy: So Q3 and Q4 results were clearly impacted by the disruption in the supply chain and the crisis in
China which obviously led to escalation of prices on the finished product. But couple of things
from the business decision perspective which went really well were some of the strategic sourcing
which we did at the right time which gave us fair differentiation over the competitors in terms of
preserving our margins despite the volatility in the market and second thing which I was talking
about earlier, continuous improvement manufacturing efficiencies also helped us. So those were
the two business side inputs that came in for good profitability. Obviously, we were also successful
in passing on the price increases to our customers based on our existing relations in the global
Page 10 of 15
May 03, 2022
markets as well as the domestic market. That is how we go Q3 and Q4. To answer your question,
how things will pan out in the future, as the volatility subsides obviously some of the input raw
material prices are likely to come down which will also mean that the prices on the finished
products may come down. But overall, our goal and the way we want to drive the business is we
want to maintain almost similar margins as we move forward. There are some fundamental changes
which might come as we get into FY2023, which could have negative impacts on our margins.
For example, one of the products in European markets may go off this year. If that announcement
goes through there will be oversupply situation and hence the pressure on prices so we are
constantly monitoring those macro situations. But overall, we expect to maintain more or less
similar margins as we get into FY2023.
Mithun Aswath: Right and just one last question. I wanted to understand because of political situations and
Company is trying to move away their supply chain from China I just wanted to understand how
much of that are you seeing as a benefit which is structured in nature and which could actually
grow significantly from now?
Anurag Roy: The China plus one strategy and our Government is promoting more of in-house building of
capabilities for the country. All these are drivers for our industry. We want to continue to leverage
on that. A lot of growth for our CMO business will come from this particular trend and we are
seeing that coming from our customers as well, wherein they are looking for the second source of
supply and that is how we are also building a future pipeline.
Mithun Aswath: Great thanks.
Moderator: Thank you. The next question is from the line of Pritesh Cheddha from Lucky Investment
Managers Private Limited. Please go ahead.
Pritesh Cheddha: Sir, my question is with respect to the 500 basis point gross margin expansion that we see this year
so if I recall a year back we had a pricing pressure on the Triazole so is it that pricing pressure
eased and we are seeing the margin expansions going through and how much would be the CMO
mixage that you would have experienced in FY2022?
Anurag Roy: So clearly those growth margins or profitability increase as the pricing has a huge contribution
there, but as all of you would appreciate that there is a huge amount of volatility in this product
portfolio which we currently have and that is why it becomes increasingly imperative or important
for us to continue to derisk, expand our portfolio products and get into the CMO business and that
is what we are precisely doing it. There will be some Quarters wherein you would see less margins.
There will be some Quarters like the last two wherein the margins will be on the higher side. From
driving the business perspective, I think what we need to focus on and which I mentioned earlier
it would be on strategic sourcing. It would be to continue to work on manufacturing efficiencies,
vertical integrations or backward integration, so those are the thing from business side we are
working on and the rest we play the volatility in the market to the best of business decision.
Pritesh Cheddha: How much will be the mix change the CMO which you said is 13% of business in 2022 how much
it would be last year?
Page 11 of 15
May 03, 2022
Anurag Roy: So last year we were at roughly 17% and we have gone a little bit down. We are close to 13% but
as I was highlighting earlier over the next three years or so we expect it to get to 25% or 30% level.
Pritesh Cheddha: So, is it fair to comprehend that bulk of the margin expansion is because of the enterprise exports
and because of the Triazole price? Is it a fair assumption?
Anurag Roy: Yes, you could say that at least for the current financial year, right.
Pritesh Cheddha: When we are saying that the CMO will rise in mix is that the herbicide plant utilization which
brings the CMO improvement because that is where the products on CMO will come or is that
interpretation correct?
Anurag Roy: So, herbicide we are seeing a good pipeline of CMO projects coming in, so that is clearly one of
the drivers and then we also have other fungicide CMO products which we typically put in our
multipurpose plants so there also we are seeing a lot of good opportunities come in so I would say
it is a mix of both herbicide and fungicide projects will drive the growth.
Pritesh Cheddha: So, the asset available to you in the near term where you have to take up the utilization that same
23 is basically the herbicide plant and then the asset available to you which will bring in further
growth will be the Greenfield multipurpose plant of Rs.150 Crores whenever it comes up, is that
correct, Sir?
Anurag Roy: Right and plus I was talking about the herbicide expansion which have been talking about and then
obviously the debottlenecking on the existing multipurpose plants.
Pritesh Cheddha: Can you tell the years when the herbicide incremental expansion will flow from operational and
when will the debottlenecking become operational?
Anurag Roy: It is an ongoing exercise. We have already taken up the debottlenecking projects as we get into
FY2023 so that will be kicked off for the current Financial Year. For the herbicide expansion
over the next couple of Quarters, we will start the investment to expand further so that should also
likely to kick off over the next year or so. I will say over the year and that will go through the
similar cycle as I was mentioning 30%, 70%, 100% utilization over the next few years.
Pritesh Cheddha: Thank you very much, Sir. Thank you.
Moderator: Thank you. The next question is from the line of Aman Vora from Premier Capital Services
Aman Vora: Thanks for the opportunity again. Couple of questions. One was like you said to the last participant
that enterprise business was large contributor to the share of performance, so I understand that the
market dynamics beside the pricing for the molecules but do we have any pricing power in those,
because it is very difficult to predict how this thing of those molecules will move so anything on
the pricing power, if we have any?
Page 12 of 15
May 03, 2022
Anurag Roy: I keep going back to the points which I was mentioning. One is obviously the relationships you
have with some of the key customers so there also we have the deep relationship with the customer
wherein this volatile markets there are times when we support customers and vice versa so that is
one thing but two critical key which are very important to drive for this kind of volatile business
is taking the right business decisions around strategic sourcing and continuously working on life
cycle of the product as well as manufacturing efficiencies so there will be Quarters wherein we
might be taking 8 out of 10 calls right on strategic sourcing and we will have good profitability.
There could be a scenario wherein the calls do not go as we expect and that will impact the margin
so I think that is the only way to drive this particular business. So I keep giving the guidance to
my teams and business that you should continue to focus on our fundamentals for working on
manufacturing efficiencies, strategic sourcing and the third thing is continuous improvement.
Aman Vora: Just one last question, so if I am not wrong, we spent about Rs.250 Crores to Rs.270 Crores on
the R&D facility in all including the one that we will be doing this year so I just want to
understand from you what kind of stabilities we are building there in comparison to what industry
already has and some colour on what we are building there after this capex that we have done and
that what we have been doing now?
Anurag Roy: First of all, a little bit of check on the numbers which you have. For R&D we have invested or we
are investing around Rs.120 Crores and historically we would have invested roughly Rs.20 Crores
to Rs.30 Crores in the past for the R&D capability for Astec which we have so roughly you are
looking at Rs.120 Crores to Rs.150 Crores. This Rs.100 Crores plus investment is a new R&D
came with a vision that we want to build Astec for the future and as I was mentioning earlier the
technology and the research will be at the forefront of growth and with that premise or with that
fundamentals we are taking this huge investment in R&D and I can proudly say that we would be
among the few companies in India heavily investing on R&D at least in this particular sector and
we want to provide full service, technical, scale up solutions, process safety, kilo labs, the innovator
as well as enterprise companies of the world so with that goal we have committed on this particular
R&D investment.
Aman Vora: Thanks a lot.
Moderator: Thank you. The next question is from the line of Dhruv Muchhal from HDFC Asset Management
Co. Limited. Please go ahead.
Dhruv Muchhal: Thank you so much. In the previous call you have mentioned that the capex for the CMO plant
was about Rs.100 Crores to Rs.110 Crores and the turn is about 1.5 to 1.7, which gave us a revenue
of about Rs.170 Crores at full potential but this time you mentioned about Rs.230 Crores to Rs.270
Crores at full potential so what I am missing here?
Anurag Roy: Yes, one obviously for our capex and earlier projection was Rs.110 Crores to Rs.120 Crores. Those
projections went up because of the input price increases on steel and other raw materials for the
capex so that is one. But having said that, as I was mentioning earlier, we are seeing a healthy
pipeline of herbicide products coming into this particular plant. We are the only company who also
has a set up for high potent facility which is also being of a good interest to some of the innovators
Page 13 of 15
May 03, 2022
and CMO players and with that we could tie the business to some extent and choose some of the
molecules who want to pick in those herbicide plants and we can now confidently say that we could
get 1.5 to 1.7 asset turn from that facility which is equivalent to the Rs.230 Crores to Rs.270 Crores
and obviously when I say 1.5 to 1.7, it is on the final year and not on the first year the asset turn
which we aim to get from this herbicide plant.
Dhruv Muchhal: Sir, just to reconfirm when we say Rs.230 Crores to Rs.270 Crores and 1.5 to 1.7x and the full
potential of Rs.230 Crores to Rs.270 Crores, does it include the Rs.35 Crores to Rs.50 Crores of
expansion that you are planning in the herbicide plant or this is before that?
Anurag Roy: No, that does not include that. The decision to further expand obviously is coming from the good
outlook of the pipeline and the good asset turn which we are getting from the existing herbicide
and that is what is the motivation we set up the new herbicide plant.
Dhruv Muchhal: Got it. So versus your earlier expectation of asset potential, it is much better because of the
improvement in the product profile that we are see now?
Anurag Roy: Yes.
Dhruv Muchhal: Got it. Thank you so much, Sir.
Moderator: Thank you. The next question is from the line of Rahul Paliwal from Shefa Family Office. Please
go ahead.
Rahul Paliwal: Thanks for giving clarity on the merger decisions with Astec with Agrovet and the thought process
behind it. This is really appreciative, Sir and I am sure this will prove value accretive for all
stakeholders going forward. Sir, another suggestion we have is like why not rebrand Astec of the
lead focus CDMO/CMO entity named as Godrej Green Chemical or Godrej Advance Science or
likewise that is one suggestion and we need your inputs on that and question number two is any
plan to get into biochemical or biological formation?
Balram Yadav: Thank you very much for your appreciation. I think the purpose of the merger as I said was to give
this business an opportunity to grow exponentially and I think we have demonstrated that without
doing that and the balance sheet can support further expansion in the plans Astec LifeSciences has.
I think those suggestions for rebranding is under consideration because I think Astec LifeSciences
more than 65% business is exports and registration, etc., in the name of Astec LifeSciences so we
have been receiving your suggestions and we are studying that and very soon we will take a
decision either way on that. On the biological, etc., I think I must tell you one thing is that the field
of chemicals is huge and we just have to chose where we play because we want to be very focused
and we have a plan not just for next three years but the next five years where substantial capex has
been budgeted. We would like to chase that plan to perfection. As Mr. Anurag has already said that
we will focus on the agrochemical opportunity for the next three to five years because there is a
huge scope and we have demonstrated that we can capitalize some of that opportunity very well.
Regarding biological, yes, this is an opportunity. It is under discussion, but we have not decided
as yet on when to embark on this.
Page 14 of 15
May 03, 2022
Rahul Paliwal: Thank you so much, Sir and welcome onboard Mr. Anurag.
Moderator: Thank you. Ladies and gentlemen, we will take that as the last question. I now hand the conference
over to Mr. Nadir Godrej for closing comments.
Nadir B. Godrej: Thank you. I hope we have been able to answer all your questions. If you have any further questions
or would like to know more about the Company, we will be happy to be of assistance. Stay safe
and stay healthy. Thank you once again for taking the time to join us on this call.
Moderator: Thank you very much. On behalf of ICICI Securities Limited that concludes this conference. Thank
you for joining us. You may now disconnect your lines. Thank you.
*****
Page 15 of 15
10.05.2022
To,
Asst. General Manager
Dept of Corp. Services,
BSE Limited
P.J. Towers, Dalal Street, Fort,
Mumbai: 400001.
Dear Sir,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“the Listing Regulations”)
In continuation of our intimation dated 4th May, 2022 regarding appointment of Whole time Directors,
We wish to inform you that pursuant to the provisions of Regulation 30 of the Listing Regulations and in
compliance with the circular no. NSE/CML/2018/02 issued by National Stock Exchange of India Limited
and circular no. LIST/COMP/14/2018-19 issued by BSE Limited (both circulars dated June 20, 2018), we
hereby confirm that Mr. Akshat Kapoor has not been debarred from holding the office of Director by
virtue of any order issued by SEBI or any other Authority.
You are requested to take the information on record.
Thanking you,
For Dhampur Sugar Mills Limited
Aparna Goel
Company Secretary
M. No. 22787
Olectra Greentech Limited
10th May 2022
To To
BSE Limited National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C / 1,
Dalal Street, Mumbai-400 00 1 G Block, Bandra Kurla Complex, Bandra
Scrip Code; 532439 (E) Mumbai-400 051
Svmbol; OLECTRA
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015.
In accordance with the captioned subject, in continuation of the intimation given

by the Company on loth May 2022, the Company do hereby inform you that the
management of the Company had a call with the following investor.
S. Particulars of Date of Event/ Type of Venue /

No. Investor Meeting Meeting Place
1. Zaaba Capital Limited 10th May, 2022 One to One Virtual
A copy of the investor presentation (against which discussions took place at the
meeting) h a s already been uploaded on the website of the Company.
Link to access the investor presentation:
https: / /olectra.com/wp-content/uploads/Olectra-Investors-Presentation-
04.05.2022Earninns-call-updated.pdf
Thanking You,
Yours faithfully,
For Olectra Greentech Limited
Company Secretary
Registered Office : 5-22, 3rd Floor, Technocrat Industrial Estate, Balanagar,

Hyderabad - 500037; Telangana, India. Tel : +040-46989999
CIN : L341OOTGZOOOPLC035451, E-mail : Info@olectra.com, www.olectra.com
email : info@mtar.in website : www.mtar.in I
MTAIT
CIN No : L72200TG1 999P1C032836
To, Date: 10.05.2022
The Manager The Manager,

BSB Limited NSE Limited,
P. J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex,
Mumbai-400001. Bandra @), Mumbai- 400051.
(BSE Scrip Code: 5$27A) (NSE Symbol: MTARTECII)
Dear Sir/lVladam,
Subiect: Approval from Board for acquisition of Gee Pee Aerospace & Defence Private
Limited.
Pursuant to Regulation 30(6) of the SEBI (LODR) Regulations 2015, please find the enclosed
herewith the Press Release on Approval Board for acquisition ofGee Pee Aerospace & Defence
Private Limited
The Press Release may also be accessed on the website of the Company at rvww.mtar.in
Request you to kindly take the same on record.
Thanking you,
w
For MTAR Technologies

Company Secretary and Compliance Officer
MTAR TgChnOlOgieS Ltd. tror*erty known as MTAR Technotogies Pvt Ltd), 18, Technocrats lndustrial Estate, Balanagar,
Hyderabad - 500 037. Telangana, lndia. office : 04044553333123078312 fax : 91-40-44553322123078316, GST No.: 36AACCM2021N1ZL
MTAR TECHNOLOGIES LTD
MTAR gets approval from Board for acquisition of Gee Pee

Aerospace & Defence Private Limited.
Hyderalrad, May 10, 2022:
The Board of Directors of MTAR Technologies Ltd ("MTAR ') have approved the acquisition of shares
of Gee Pee Aerospace & Defence h.t. Ltd., an MSME Company for a consideration of Rs 8.82 Crs. The
Management is currently in discussion with the shareholden ofGee Pee Aerospace & Defence Pvt. Ltd. on
the terms and conditions. This acquisition is expected to provide a wide array of benefits under MSME
category including the increased potential of entering into offset partnership with global OEMs as foreign
partnem get an offset credit ofup to 1.5 multiple on Indian content. Furtlrer, the public procurement policy
mandates procurement of ry to 20Yo of requirements of Gott departments through MSMEs, which is
expected to augment our customer base. In addition, this shall enhance our capacity that enables us to
address more orders, thereby expanding our product portfolio.
Commenting on the acquisition, Mr. Parvat Srinivas Reddy, Managing Director, MTAR Technologies,
said, "The acquisition of Gee Pee Aerospa.ce shall strengthen our capacities in bottleneck areas, which is
expected to fuel our revenue growth further specifically in defense and allied sectors. We reiterate the
revenue groMh guidance of 3|o/o - 35o/o YoY with an EBITDA of around 30% in spite of supply chain
disruptions due to COVID 19 pandemic followed by global geopolitical crisis for FY 22 and a revenue
growth guidanc€ of50% YoY with an EBITDA ofaround 30% for FY 23"
Abou t MTAR Technolosies Ltd (www.m tar.in ) BSE: 543270 NSE: MTARTECH)
MTAR has seven strategically based manufacturing units including an export-oriented unit each based in
Hyderabad, Telangana. MTAR caters to Civil Nuclear Power, Space & Defence and Clean Energy sectors.
The Company has a long-standing relationship ofover four decades with leading Indian organisations and
global OEMs.
PP
/'
For more information, contact:
Srilekha Jasthi Raju Reddy

Senior Manager - Strates/ and Operations Concept Public Relations
MTAR Tectnologies Ltd M:9346076750
Tel: +91- (X0 4455 3333 E-mail: raju.m@conceptpr.com
E-mail srilekh4@rntalip . _
DISCLAIMER:
Certain statemenls that are made in u Press Release may be forward-looking statemenls. Such forward-
looking slatemenls are subject to certoin risks and uncertoinlies like sigaiJicant cfuinges in economic
envbonmenl in India and overse(a, tm laws, inJlation, litigation, etc. Actual resuhs might dffir
substanlially from those expressed or inplied. MTAR Technologies Ltd. will not be in any woy responsible
for any aclion laken based on such statements and discussions: and undertakes no obligation lo publicly
update these forwardJooking statements to reflect subsequenl events or circunslonces
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Celcbrollng Flve Dccodot ot Englnccrlng Excclcncc

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ClubMahindra
May 10, 2022
MHRIL/SE/22-23/18
Listing Compliance Department of Corporate Services

National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G Block Floor 25, PJ Towers,
Bandra-Kurla Complex Dalai Street
Bandra E, Mumbai — 400 051 Mumbai — 400 001
Scrip Code: MHRIL Scrip Code: 533088
Dear Sir/ Madam,
Sub: Transcript of Earnings Conference Call for the quarter and financial year ended
March 31, 2022 - Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing
Regulations")
Ref: Our letter no. MHRIL/SE/22-23/8 dated April 12, 2022
Dear Sir/ Madam,
This is furtherance to our letter no. MHRIL/SE/22-23/8 dated April 12, 2022, wherein the advance
intimation of the earnings conference call scheduled to be held on Wednesday, May 4, 2022 with
Several Funds/ Investors/ Analysts on the financial and operational performance of the Company
for the quarter and financial year ended March 31, 2022 was submitted to the Stock Exchanges.
In compliance with SEBI Listing Regulations, please find enclosed the transcript of the aforesaid
conference call which is also hosted on the website of the Company www.clubmahindra.com.
Kindly take the same on record.
Thanking you,
Yours faithfully,
For Mahindra Holidays & Resorts India Limited
Dhanraj Mulki
General Counsel & Company Secretary
Encl: As above
Mahindra Holidays & Resorts India Limited

Corporate Office : Mahindra Towers, Floor;A' Wing, Dr. G. M. Bhosle Marg, P. K. Kurne Chowk, Worli, Mumbai - 400 018
t: +91 22 3368 4722. f: +91 22 3368 4721
Registered Office: Mahindra Towers, 2'd floor, 17/18 Patullos Road, Chennai - 600 002 t +91 44 3504 1000 f : +91 44 3504 7778
e: memberrelations@clubmahindra.com / w: www.clubmahindra.com / CIN: L5 5101TN1996PLC036595

V
AM
4 ClubMahindra
Mahindra Holidays & Resorts India Ltd.

Q4 FY22 Earnings Conference Call
May 04, 2022
AV L
4 ClubMahindra
MANAGEMENT: MR. KAVINDER SINGH - MANAGING DIRECTOR AND

CHIEF EXECUTIVE OFFICER
MR. SUJIT VAIDYA - CHIEF FINANCIAL OFFICER
MR. DHANRAJ MULKI - GENERAL COUNCIL AND
COMPANY SECRETARY
Page 1 of 18
V,
410
4 ClubMahindra
May 4, 2022
Moderator: Ladies and gentlemen, good day and welcome to Mahindra Holidays & Resorts India Ltd. Q4
FY22 Earnings Conference Call.
This conference call may contain forward-looking statements about the Company, which are
based on beliefs, opinions, and expectations of the Company as on the date of this call. These
statements are not the guarantees of future performance and involve risks and uncertainties that
are difficult to predict.
As a reminder, all participant lines will be in the listen-only mode and there will be an
opportunity for you to ask questions after the presentation concludes. Should you need assistance
during the conference call, please signal an operator by pressing ‘*’ then ‘0’ on your touchtone
phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Kavinder Singh – Managing Director and Chief Executive
Officer from Mahindra Holidays & Resorts India Ltd. Thank you and over to you, sir.
Kavinder Singh: Good evening, everyone. A very warm welcome to our Quarter 4 Earnings Call. On the call with
me today, we have Mr. Sujit Vaidya – our Chief Financial Officer and Mr. Dhanraj Mulki – our
General Council and Company Secretary.
You can find our Quarter 4 and Full year results and investor presentation referred to in our
remarks today on the stock exchanges and on our Company website. I hope you all have had a
chance to go through them.
I am happy to share that we have delivered strong operational and financial performance, both
in Q4 and in FY22 despite Delta and Omicron waves. I would like to attribute this to the
flexibility and adaptability of our teams, ability to ramp up and ramp down resort operations,
commitment of our members, power of our brand, and the inherent strength and resilience of our
business model.
Demand for domestic leisure travel started to gain momentum from mid-February onwards due
to easing of mobility restrictions backed by pent-up demand, festive travel demand around Holi,
long weekends, and of course now the summer travel. Across the industry, fastest recovery was
witnessed in occupancy and ARR’s for the leisure portfolio. We have witnessed tailwinds such
as growing domestic air travel as high as 21 million in March 2022 from a low of 13 million in
January 2022. Higher demand for leisure holidays, family bonding through multigenerational
travel, drivable leisure destinations, increase in outdoor activities, preference for immersive
experiences, willingness of travelers to invest in a rejuvenating vacation to enhance their mental
and physical wellbeing is something that we have witnessed at our resorts and trends that we are
witnessing.
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A quick recap of the year gone by:
Q1 was challenging due to the Delta wave with occupancies of 51% and a resort income of only
Rs. 15 crores. However, we started to see quick recovery post the Delta wave and since then the
graph has been upwards with quarter 2 and quarter 3 occupancies at 73% and 80% respectively,
resort incomes of about Rs. 51 crores and Rs. 70 crores respectively. In December 2021, early
January 2022, when the Omicron wave hit, we saw lower occupancies in January 2022.
However, the recovery was much quicker compared to the earlier waves leading to the highest
ever resort income of Rs. 57 crores in quarter 4. We have noticed, in quarter 4, not only the
increase in occupancies, but even at a full-year level, when we look at the occupancies, they
were at 74% and for the full fourth quarter, we had an occupancy of 77% and also in the month
of March, we saw an 89% occupancy in March 2022 and of course we have also noticed that we
have crossed highest ever occupied room nights in the month of March. Similar trends have been
witnessed in April also, 88-89% occupancy is what we have closed with and of course a lot of
our resorts are crossing 90% plus occupancy levels. We are witnessing a rise in bookings based
on what we are seeing. We are noticing a similar trend in May and June, and the occupancies in
May and June are looking as of now above 85%. We believe that the domestic leisure travel
demand will continue.
If you recall, throughout the pandemic, we have continued to focus on 3 major drivers of our
business growth. Number 1, accelerating inventory additions. Number 2, growing our member
base. Number 3, driving resort revenues through F&B services and immersive experiences at
our resorts.
Our inventory built-up continued to progress as planned, and during the year, we added 385
rooms and in quarter 4, we added 226 rooms. Resorts that have been added in domestic
destinations include Leh, Daman, Shillong, Rameswaram, Dindi in Andhra Pradesh, Pushkar in
Rajasthan and also international destinations such as Bali, Bentota in Sri Lanka and Pattaya in
Thailand. These additions take our total resorts to 84 level. So, our resort count hits 84. We’ve
crossed the milestone of 4,500 plus keys. To put this in perspective, we have added 800+ rooms
during the 2 years of the pandemic versus 1,300 rooms over a 6-year period from FY15 to FY20.
So, obviously, the inventory addition has accelerated.
Our target is to achieve 5,500 plus rooms in the next 24 to 30 months through multiple ways,
acquisition of greenfield properties, acquisition of brownfield properties, greenfield
development, utilizing our existing land banks, expansion of our existing resorts and of course
through leasing. We have commenced construction to expand our existing resort at Kandaghat,
Shimla. That expansion will require us to invest about Rs. 200 crores and will deliver 185 rooms.
We are already at the last stage of getting the last permissions to set up a resort in Ganpatipule
with about 236 keys with a total investment of about Rs. 250 crores. As mentioned earlier, we
are also planning to add 60 keys to our existing resort in Puducherry and we are also likely to
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have 52 additional keys coming to our resort in Udaipur, which is expected to be completed in
June 2022.
I am also happy to announce that we have been recently awarded a very boutique project under
the PPP model in Jhanjheli in the Mandi District in Himachal Pradesh. As I have always
mentioned that we continue to add choices for our member and under a new program, which is
called Club Mahindra Horizon we have 300+ partner hotels through which our members can go
to additional vacation destinations and this Club Mahindra Horizon is our proprietary holiday
exchange program, probably the first program for any timeshare company that has ever been
launched.
Turning to member additions, in quarter 4, we have had member addition of 4,058 members.
This is very-very good considering the fact that in the month of January, we had significant
problems because a lot of our sales team was not well due to Omicron and we really recovered
smartly in February and March. While Omicron has ended, the wave has receded sometime in
February, we noticed that are member additions really picked up some time mid-February till
about March.
In view of the inflationary pressures, we have noticed that families now understand that vacation
ownership is a preferred way to vacation in a period where travel costs are rising and this is an
opportunity for them to look at Club Mahindra and this we see as a very big positive for our
business. The members, the travelers have also realized the ease of planning vacations,
increasing choice of resorts, experiences, spacious properties and allowing for multi-
generational travel, which is definitely helping families to bond with each other.
If I were to look at the year, during the year, our member additions grew by 6% on a year-on-
year basis to about 12,764 members despite multiple COVID waves. Our cumulative member
base now stands at 2.66 lakhs. If you multiply 3 to 4 members per family, we are talking about
a million cohort, which actually enjoys our resorts year-on-year. While the member count has
grown by 6% year-on-year, the sales value of the member addition grew by 24% year-on-year
in FY22 and this is something that we are extremely proud of. This has been due to obviously
the higher sales of Club Mahindra 25-year product, also the Bliss product and of course some
amount of benefit we got from the average unit realization, which was driven by the price
increases that we took during the year.
In Q4 FY22, our strategy of enrolling higher down payment contribution continued. We saw a
significant improvement in the number of members who are paying higher down payment at the
time of enrollment. Sales contribution from referrals and digital has increased to 57% in Q4.
Last year same time this number was 54%. We have actually initiated a lot of work on acquiring
customers through digital by introducing fresh and relevant content. Our diverse product
portfolio has helped us upsell and improve sales realizations. We have seen very good movement
in upgrades during the year as the members decided to move to higher season or a larger
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apartment. Daycations at our resorts and marketing activities in towns around our resorts helped
us to increase the onsite sales, which is a key focus area for us.
Let’s move on the third major driver of growth: Resort Revenues – As mentioned on previous
calls, over several quarters, we have taken initiatives to create superlative member experiences
to enhance member spends and improve member engagement. Highest ever resort income in
fourth quarter, 85% year-on-year growth in resort income leading to Rs. 193 crores income in
FY22 despite multiple COVID waves is a significant achievement. Resort revenues per occupied
room night during the year were higher through member spends on F&B and other activities.
We have introduced multiple culinary experiences and also launched new specialty restaurants.
Some of the restaurants you may be familiar with, ‘BBQ Bay’. There is a new fine dining Pan
Asian restaurant called ‘Tempt Asian’ and ‘Finz’, which is a seafood cuisine restaurant. We
launched ‘Unwind’, which is a cafe lounge. We have introduced new resort-based experiences,
particularly in the area of themed adventure parks. As you know, we have invested in Rocksport
and through Rocksport, we are bringing these new experiences in our resorts. Refurbished Happy
Hub, new experiences in Happy Hub, new spa and wellness treatments, birthdays and
anniversary packages and also celebrating various festivals. As members spent more time inside
our resorts, we introduced all-inclusive packages for members and their families at a discount,
including the option to pre-purchase. This has helped us drive member spends. Outdoor
experiences, as I mentioned earlier, which are soft adventures, but in addition to that we added
nature treks, family picnics, bird watching and guided electric bike tours, they have also been
introduced.
I did mention about Rocksport. We have increased the investment in Rocksport, our stake has
increased from 6.67% to 23.4%. This will happen by September 2022 as the transaction
completes. This, we believe, will help us to increase customer engagement avenues. The most
interesting part of this investment is that we will have the Rocksport skill and through that we
will launch more and more theme adventure parks in our resorts. Also, virtual games like Virtual
Skydiver, Pandora's Box, etc. would be also launched as we speak, and more importantly, we
will be able to target their customer base, which is the exact target group for us, and our members
in cities will be able to use Rocksport facilities with a certain level of discount, which will help
us to also get referrals from our members. At this point of time, Rocksport will act as a driver
for driving the daycation traffic so that people can engage in these outdoor experiences, which
we believe will help us increase our on-site sales and of course in the on-site, we just do not add
fresh units, but also we upgrade and that will also be a positive thing for us as we move forward.
Of course, there are inflationary pressures on our F&B costs, fuel cost, LPG cost. We have taken
prices increases across our F&B services in April 2022. To manage the resort costs, we are also
working very closely with edible oil and other vendors. We have installed solar plants at 14
resorts with a total capacity of 2,500 plus KW power of the above. During Q4, we fast-tracked
solar installations by adding 350 KW power at 2 resorts. Further, 1,000+ KWP is ready for
installation in Q1 FY23.
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There are lots of ESG initiatives that I would like to highlight, and I am very confident that the
actions that our team is taking, we will be the most sustainable resort chain in the world. Already,
we are aiming to achieve carbon neutrality by 2040 through our EP100, which is the energy
productivity improvement by 100%, RE100 - 100% renewable energy we have committed to.
These declarations have been done and again we are well on our way and by the way we have
done calculations through science-based targets and we are very confident of reducing our
greenhouse emissions by 88.3% by 2030. We have implemented the Jal Jivan initiative to
improve efficiency of water utilization through using 4 R principles of Reducing, Reusing,
Recycling, and Rainwater harvesting. Rainwater harvesting structures are installed in 20 resorts.
250 million liters of total water consumed by our resorts has been recycled in FY22. 4 resorts
are certified under zero waste to landfill and our endeavor remains to responsibly source
materials and to work towards creating a circular economy.
Under project Hariyali, we have planted 70,000 trees is in the last 2 years and almost 4.7 lakh
since FY11 near our resorts and we have undertaken biodiversity initiatives at our Coorg Resort
and Assonora, Goa Resort to conserve natural forest area. Importantly, please note we are
founding members of Indian Green Building Council. We are committed to Green Resort
Certification of all our resorts by 2024. Currently, 8 resorts have received the highest level of
green certification, which is Platinum.
On that note, let’s take a few minutes to look at our standalone financial performance followed
by performance of Holiday Club Resorts, our material subsidiary:
Standalone Results:
Q4 FY22 Revenue grows by 19.4% YoY. Our VO income grew by 12.4% YoY. Resort income
highest ever in the fourth quarter. Yes, there is a one-off. We have sold our investment in the
Nreach Online Services netting a gain of Rs. 26.3 crores, almost a 9x return considering that we
had taken this stake in 2016, a 12% stake with an investment of Rs. 3 crores. The reason for us
to exit this investment is that this startup’s business model has pivoted, and the strategic linkage,
the reason for which we had invested, no longer exists and there was an opportunity, and that
opportunity has been utilized. Therefore, there is a one-off income of Rs. 26.3 crore that you see
in quarter 4. By the way, we continue to use their employee engagement platform, which is
something that they have pivoted to very successfully, even in Mahindra Holidays even after
exiting the investment.
FY22 total income has grown by 18% YoY. Vacation ownership income has grown by 7%.
Resort income has grown by 85%. Our operational efficiency stands at 74% against 72% for the
year.
When you look at one-off profit from the sale of investment of Nreach, I mentioned there have
been some lease rent waivers and there was an interest income that happened from the income
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tax refund that we got. So, that is where we have classified one-off income for you to be able to
understand what are the one-offs and what are the routine operational growth items so that it’s
easier for you to see how our numbers stack up.
If I look at the profits and margins, our PBT has grown by 82% in Q4 FY22 but if I remove the
one-time impact, even then the growth is quite healthy at 37% YoY. PBT margin without one-
time impact is still up by 200 basis points on year-on-year basis. Profit after tax stands at Rs. 45
crores.
For the full year, if I were to look at profit before tax at Rs. 204 crores, which is 20% up YoY.
PBT margin is at about 19%. PBT without one-time impact stands at Rs. 160 crores, which is
up by 16% year-on-year and PBT margin without one-time impact stands at 16%, very healthy
margins even during this difficult year and the PAT at Rs. 151 crores is up by 20%.
Total expenses for FY22, I am talking a little bit about the expenses now, have increased by 17%
YoY mainly on account of higher business activity, higher sales volume, marketing spends and
overheads. Sales and marketing expenses increased by Rs. 34 crores is in line with the additional
sales volume, customer related offers, investments in TV and brand marketing campaigns. These
investments are going to augur well for our future. There are other expenses, which have grown
in line with the increased business activity.
Cost savings are expected to be permanent in nature that will not come back with the volume
and this will help us drive substantial margin improvement going forward. Moving to digital has
helped us in reducing in infra cost, travel cost and other related overheads. Manpower utilization
at our resorts and reduction in our employee to room ratio has happened. As a result of our
growth, we have been able to redeploy people. We have saved significant amount of money due
to solar implementation in various resorts. Currently, 14 resorts have solar energy panels, solar
energy streaming into these resorts. We have been reviewing and looking at all fixed costs and
trying to convert them into variable costs and that is something particularly in the area of
acquisition, and that is something that is playing out as we speak now. More on that later. As far
as structural changes go, this is going to be our single biggest initiative to convert as many of
our fixed costs into variable costs and therefore as we move forward, the overall costs in
operational efficiencies will begin to play an even increasing role in the profitability and the
margin improvement.
If I were to look at the balance sheet, deferred revenue for the quarter stands at Rs. 5,083 crores.
This is something, which we have seen has moved up by about Rs. 2 odd crores from the same
period, which is March 2021, and we continue to have zero debt at a standalone level. Our cash
position improved significantly by Rs. 232 crores to end up at Rs. 1,172 crores as on March
2022. Our cash position movement is due to higher resort revenue, more member additions,
better upgrade revenue, higher down payments, lower EMI tenure, continuous tight control on
costs in all areas of operations have helped us to increase our cash position.
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This concludes my commentary on Mahindra Holidays. I now move on to Holiday Club Resorts.
As we speak, our quarterly Con-Call coincides with Prime Minister Modi’s participation in the
historic India-Nordic Summit, which is currently ongoing. The India-Nordic summit will
strengthen bilateral relationship between India, Finland, Sweden, Norway, Denmark, and
Iceland. This augurs well for our Holiday Club Resort business, which is the leading hospitality
provider in Finland.
A quick look on the Holiday Club Resorts. In terms of the Macro situation and operational
update, during the year, COVID impacted our Finnish operations in Q1, Q3 and part of Q4.
Except in Q2, where we saw significant domestic travel demand. In Q4, once restrictions were
eased off in mid-February 2022, the recovery was rapid and strong. This was followed by the
Russian-Ukraine conflict, which has impacted the Finnish economy. The growth estimates of
Finnish economy have been revised downwards from 3% to 1.5%. Inflation is something that
we are watching out and we will see how it goes, but preliminary indications are the energy
prices are likely to be higher or already are higher.
If you were to look at Q4 for our Holiday Club Resorts business, the revenue has increased by
€9.7 million primarily due to growth of Spa Hotels revenue, which is grown by 96% year-on-
year in Finland as well as Sweden, in line with occupancy. Timeshare sales increased by 32%
year-on-year due to a strong and swift recovery post the restrictions being lifted.
COVID impacted Finland for the full year, as I mentioned earlier, except Q2. Revenues at the
full-year level have increased by 23% and 51% increase was seen in Spa Hotels due to higher
ARR and increased F&B Income. Despite multiple COVID waves, which impacted construction
as well as sales, timeshare revenues have increased by 6% year-on-year.
The best news comes now, the profitability in Q4: Positive EBITDA of €0.6 million was
delivered. In FY22, Holiday Club Resorts has delivered close to breakeven EBITDA of € -0.3
million. Several cost optimization measures were introduced during the year. Despite severe
COVID-19 impact on business operations, in FY22 HCR managed to reduce its loss before tax
by 61% year-on-year to €5.9 million versus FY21. This is a significant achievement considering
a very large part of the year was impacted by the multiple COVID waves.
The good news is that while the restrictions on restaurants, spa, sports, and indoor activities have
eased off from mid-February thereby having a very good recovery in our Finland and Sweden
business, the crisis in Ukraine is something that the people ask us as to what impact it will have
on travel and tourism in Finland. As you know, Holiday Club Resorts operates in the leisure
segment and the leisure segment is largely focused on domestic travel. The domestic travel is
not likely to get impacted. The Fins, the Swedes, and the Norwegians will continue to travel.
However, there will be some inflationary effects, which I have mentioned primarily in the area
of energy and the consequent impacts, but we still believe that domestic leisure travel is strong
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and having achieved close to breakeven EBITDA in FY22, we are very positive for the FY23
outlook as far as Holiday Club Resorts go.
Let me move on to the consolidated performance. The total income at the consolidated level in
Q4 is up at a healthy 18% YoY, EBITDA moved up by ~70% year-on-year, EBITDA margin at
a healthy level of 22% and our PBT stands at Rs. 32 crores, which is an improvement of Rs. 43
crores over Q4 FY21.
If I were to look at the consolidated full year financial numbers, total income has been up 18%
and our EBITDA at a consolidated level is up at 38% YoY and EBITDA margin stands at 22.1%
and our PBT at Rs. 111 crores, which is an improvement of Rs. 108 crores over FY21. PAT at
Rs. 68 crores was the highest ever since the adoption of Ind AS 115 in FY19. PAT improved by
Rs. 82 crores over FY21.
Conclusion: To sum up, I am really encouraged to see how we have closed FY22 and the
momentum we are carrying on into FY23. We expect good times ahead for leisure as evidenced
from the current booking trends that we are seeing, which are visible to us all the way up to July.
Even July, we are seeing above 80% occupancy, which is not traditionally a seasonal month.
The underlying strength in our business comes from the fact that we have built some amazing
resorts and now more importantly our focus on accelerating our inventory is evident through the
addition of 800+ keys during the 2 years of pandemic. In today's inflationary environment,
timeshare is the need of the hour and people understand there are clear benefits of owning a Club
Mahindra membership. We continue to focus on the right membership portfolio mix of medium
and long tenure products in line with our long-term strategy. Going forward, notwithstanding
any further COVID wave and related restrictions, we expect the pace of member additions to
hasten up. We expect the pace of member additions to grow in FY23 and the sales contribution
from referrals, digital, and on-site sales will continue to grow.
As we embark on our growth phase, we have made a conscious effort towards advancing/front-
ending our investments for the future by prioritizing brand building, marketing initiatives, and
also ensuring that we are ready for the future. This, we believe, will help us immensely as the
strong demand comes in leisure travel, as we are already beginning to see. Therefore, our focus
on our three key growth drivers, accelerating member additions, growing our member base, and
driving resort revenues through creating unique F&B services and outdoor experiences has held
us in good stead and is reflected in our growth, both in top line, bottom line, and cash generation.
Holiday Club Resorts, under the leadership of Ms. Maisa Romanainen has demonstrated a strong
and quick recovery whenever restrictions were eased off, largely driven by domestic demand.
We haven't seen any major impact of the Russia-Ukraine conflict. Hence, we are confident of
the profitability and cash generation capabilities of the Holiday Club Resorts. We definitely
expect the financials of Holiday Club Resorts will reflect these capabilities as they play out
during the year.
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ESG remains a focus area for us and I did enumerate our achievements and we expect this to be
a very important part of our business and we treat it as an important part of our business as we
emerge out of the pandemic.
Finally, FY23 is going to be an important and transformational year for us as we lay the
groundwork for our long-term success. Thank you for your time this evening. We are now
opening the line for questions. Thank you very much, once again.
Moderator: Thank you. The first question is from the line of Ankit Kanodia from Smart Sync Services.
Please go ahead.
Ankit Kanodia: Thank you and congratulations on a good set of numbers. If you look at the member/room ratio
and if you look at the number for the whole of last 10 years, we are probably at all-time lowest
number in terms of member/room ratio of around 58. So, in the last 10 years, we have been as
high as 77:1 and it has been trending down in the last two years and 58 is the lowest value. Even
if we take the projection of 5,500 rooms going forward in the next 24 to 30 months and just do
a back of the envelope calculation for the number of members taking into account the same
number of member addition, which we had this year, it will come down to around 55. So, just
wanted to know your view as to are you satisfied with this number or are you pushing for an
even lower number or what is your view on that? That would be my first question.
Kavinder Singh: It’s a very-very relevant question. I think the fact that we have added inventory during the
pandemic period and because of the pandemic, our member additions got impacted. Therefore,
the ratio has improved, but the reason we are adding inventory at a brisk pace is that we believe
that while we have been comfortable even at a 60:1 kind of a ratio, we believe that even if we
are at 58:1, 55:1 or even lower, we believe that there is a huge opportunity to serve the existing
members because even with this ratio I mentioned to you that our occupancies are hovering at
90% occupancy. So, we are seeing huge traction. There are memberships who have been
dormant. People have not been holidaying, they are also now holidaying and we believe that this
kind of inventory addition growth path will allow us to, actually enable us to enroll more and
more members because we would never be worried about not being able to take care about the
members’ booking needs. We are very clear that this path is the right path. As far as we are
concerned, there will be times when inventory additions will run ahead of members. We
normally do not want member addition to run ahead of inventory. So, even if it goes down to
55, 53, 52, we are very comfortable because there's always an opportunity to request members
to bring their guests and they do bring and that helps us to get more sales on site. So, we are
very-very positive about higher inventory because we have established our brand. Our rooms
are not going to go empty. For sure, the members will bring their guests and that is one of the
biggest routes we adopt to get new member additions onsite. Internationally, a lot of membership
sales, rather majority of the membership sales happens at the resorts. It’s only in India we tend
to go out into people's homes to get the membership enrolment, but when we have inventory
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availability, that will have a positive kicker for us, particularly on the onsite sales, which we are
looking forward to.
Ankit Kanodia: Thank you. My second question is regarding the results on the books. So, after 3 years due to
that accounting change, first time we are seeing the reserves to be a positive number, although a
very small number, but still its positive. So, are we thinking something on the lines of dividend
of buyback or it is too early to say that?
Kavinder Singh: So, please remember that the dividend declaration is a function of our ability to generate profits
and that never ever got compromised even the new accounting standard. If you look at our profit
before tax, profit after tax on standalone numbers, we have grown at a very healthy rate. Just the
year that we got into the new accounting standard, our profit was Rs. 100 crores. Even if you
were to remove these one-offs that I talked about, which is the sale of the investment in the
Nreach, even if you were to remove the other one-offs that I talked, which are lease rent waivers,
we are still at Rs. 160 crores on a like-to-like basis. In 3 years, we have moved from Rs. 100 to
160 crores, which means we always had the capacity to pay dividend. We have cash. There is
an issue that when we moved into the new accounting standard, there is a transition difference,
which has hit our reserves and as a result of that, and this is something that we have been trying
to represent to the Ministry of Corporate Affairs and the moment we get clarification from them,
we should be in a position to declare dividend. Our dividend declaration has nothing to do with
our ability to generate profits. Our profits have been constantly being generated. It is only at the
consolidated level because of the 2 years of pandemic, we have seen some struggle and that also,
as you rightly mentioned, this year we have come out of it and we have had a very good highest-
ever consolidated PAT, particularly after the new accounting standard came in.
Moderator: Thank you. The next question is from the line of Nihal Jham from Edelweiss. Please go ahead.
Nihal Jham: Thank you so much and good evening to the entire management. My first question is on the
member addition. You did mention that there was an impact because of Omicron, which led to
a deferment in terms of a lot of sales being made. So, would it just be possible because from
your commentary, it does look like March and April have seemed to be going to pretty well. So,
just from the March month what was the YoY growth in member addition if it is possible to
highlight that?
Kavinder Singh: So, what happened is that January we got severely impacted because quite a lot of our sales
people were also unwell, it was quite widespread and February onwards, we started picking up
and March of course we did very well and April is going on very well. The main point to note is
that despite the fact that we had such a difficult start, we ended up crossing the 4,000 mark for
our member additions numbers, number 1. Number 2, you may have caught on the fact that I
mention that while our full year growth is only 7% because of these two waves, but on a value
basis, we have grown by 24% on a YoY basis. So, while the two numbers look very close to
each other that there was only a 7% growth in the member additions, but our value growth is at
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a high of 24% on a YoY basis. So, that is something that is to be noted and the momentum did
pick up in March and continued into April as well.
Nihal Jham: The other thing is you mentioned that you've taken a hike in your membership rates, just wanted
to confirm that and if you could give the AUR number for this quarter, that would be helpful.
Sujit Vaidya: Yes, we have taken the price increases. We have stated that earlier in the year and in terms of
the AUR, I will share that separately post this call.
Nihal Jham: Thank you. I will come back in the queue.
Moderator: Thank you. The next question is from the line of Himanshu Shah from Dolat Capital. Please go
ahead.
Himanshu Shah: Thank you Sir, thanks for the opportunity. Can you give the cost breakup of sales and marketing,
rent and other OPEX for the quarter?
Kavinder Singh: If you go to the Slide # 33 in our investor deck, whatever breakup you are wanting is there.
Himanshu Shah: HCRO debt number for holding company and operating company level?
Sujit Vaidya: At the holding company level, we have a €51 million debt, which was for the acquisition and
then at the operating company, which is the HCR level, that is close to around €16 million.
Himanshu Shah: Last question on room addition that we are targeting for FY23 specifically, some color can you
provide?
Kavinder Singh: So, as I mentioned, we do not give forward guidance in terms of how many rooms we will add,
as you know for various reasons, but what we definitely have started out as our target that we
need to move in the next 24 to 30 months, we have to cross the 5,500 mark. So, that is how it
was there in my commentary that we are looking within the next 2-2.5 years, we should cross
the 5,500 mark. We are at 4,568 as we speak now.
Himanshu Shah: Thank you and all the best.
Moderator: Thank you. The next question is from the line of the Gikesh Shah from Hansa Research. Please
go ahead.
Gikesh Shah: Thank you Sir for the opportunity. Congratulations on a very good set of numbers and a very
detailed and well-constructed investor presentation uploaded on the exchange. Sir, can I request
you to please elaborate on how you see the lifetime value of a customer and how you see the
value creation building up over time? I think there is a very interesting slide in the investor deck,
but it would be very helpful to hear your view on this.
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May 4, 2022
Kavinder Singh: First of all, thank you for picking up that slide, which we have done with a lot of diligence and
care. What happens is that in our business, when we get a member in, that’s just the beginning,
because while we collect the membership fee that helps us to build resorts or lease resorts or do
whatever to provide the services, including the CRM and also the member services, because all
those things get set up for the member the moment the member buys the membership. The
membership fee is hugely helpful to ensure that we are able to create supply and take care of the
servicing part of it. However, the real value-add to the business and to the customer happens
when the customers or the members begin to holiday at our resorts. They pay the annual fee,
they go to the resorts, experience the resort services. It is the resort experience, which helps them
to add to their experiences. Every one of them have their bucket list what they want to do at the
resort and once they come and engage in the Happy Hub, in the outdoor experiences that we
have created and for the children, all of that is actually enabling them to enjoy their vacation and
when people enjoy their vacations, food definitely becomes an important part of their vacation
and food is one area, which we have focused on. We have launched new brands I have mentioned
that. We are also creating more opportunities for people to bundle and pre-purchase the food
offerings that we have. So, we have all inclusive plans, we have discounts, we have multiple
kind of cuisines, multiple experiences, birthdays, anniversaries, whatever kind of celebrations
and whatever kind of F&B actions are required, we take on the ground to engage with the
members. So, that’s been a very big source for us to work and to us that represents a very
important part of lifetime value because this is a high margin business, the F&B business, and
that also helps us to next stage of value creation where the people begin to refer us amongst their
friends, and that also helps us to lower the cost of acquisition when we go for referrals and that
is why we do talk about the referral and the digital sales, which is at a healthy 57%, which helps
us to reduce the cost of acquisitions. Parallelly, of course, after paying the annual fees, the person
has gone to resort, F&B, and holiday activity experiences have been used, consumed and of
course there's been money, there is an income as a result of that. There are spa-related
experiences at the resort, which also help. Referral is something that I talked about. Some people
choose to take the membership through the EMI route. So, the interest income also becomes an
important part and I will now like to move to the most interesting part that people do upgrade.
Once they are in the resort, they want to upgrade to the higher season, higher apartment size and
that leads to another stream of income, which we call as upgrades, and upgrades is something
that I talked about, very robust during this year and that’s something that gives us the confidence
that the members are enjoying their holiday and they are trying to get more out of us by
upgrading themselves. So, this is how the virtual cycle continues. The only other thing I can add
is that we are also using the critical mass that we have to offer experiences to our members,
which is through the Horizon Program, which is an exchange program where the members can
bank their room nights and go to holidays even outside Club Mahindra. On top of that, we are
offering some unique curated vacations with unique offers like Rann of Kutch festival, etc., very
special homestays, etc., fully managed. Those are the things that are offered to our members and
our members are very happily taking it up. So, there is this virtuous cycle of multiple annuity
revenue streams, whether it is the membership fee, whether it is the annual fee, whether it is the
interest income, whether it is the resort income, speaking on financial terms, these are the four
Page 13 of 18
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things that happen. In addition, referrals happen and upgrades of course becomes a part of
membership income and this is how this virtuous cycle we are continuing and the lifetime value
will only increase as member cohort keeps on increasing, which is what we are seeing right now.
Gikesh Shah: Thank you so much sir.
Moderator: Thank you. The next question is from the line of Ankit Kanodia from Smart Sync Services.
Please go ahead.
Ankit Kanodia: Thank you for allowing the follow-up. So, my next question was related to resort income. So
even though quarter 4 has been really good in terms of the all-time high resort income, but when
you look at the full year resort income, we see that the best we did was in FY20, that was around
Rs. 228 crores and one thing which we see is that room rent as a percentage of resort income
was very high, say 8-10 years back, which is going down and now food and beverages are slowly
taking over that and it is going at a much faster pace. I know you don't give any forward-looking
guidance, but is it fair to assume that the growth rate in F&B and thereby resort income would
be much-much higher given our number of member additions have gone up over the last 2-3
years and based on that, any color or any view you would like to give?
Kavinder Singh: Again, very-very good observation. I must congratulate you for picking up this point. We believe
that the real value in our business comes when not only we get the member in when they pay the
membership fee, but also when they begin to enjoy the facilities because when they begin to
enjoy the facilities, they pay the annual fee, which obviously is not accounted as a room income.
The truth is that it is a part of fulfilment of their obligation and while it is classified as annual
fee, but in a way it is coming in to utilize the rooms that we have created. So, there is an annual
fee that comes in, there is an F&B income that comes in, there is a holiday activity income that
comes in and most important, which is most invaluable is that there is an opportunity to get the
referrals and also upgrade the members. So, the multiple revenue streams that we can kick off if
we are able to get the member to come and holiday and which is where, you have rightly picked
up, our focus is members and that is why you are seeing that the room income has come down.
It doesn't really worry us and to answer your question that we did Rs. 228 crores, obviously if
we did not have the pandemic, we would have definitely crossed by now that Rs. 228 crores by
a wide margin and I am very-very confident that if we do not face any pandemic this year, we're
definitely crossing that number by a wide margin and as we add resorts, as more and more
members come and holiday in our resorts and more and more members come in, if income is
something you must watch out for, we are very confident of growing this income at a very
accelerated pace because this is something that can be done and this is something, which is what
we are focused upon.
Ankit Kanodia: Thank you so much, that really helped. One last question. Our scuttlebutt says that we have
recently increased our ASF fee. Is it correct, and if yes, how has been the response with the
members in terms of the ASF?
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May 4, 2022
Kavinder Singh: So, in the annual fee, please remember that we never increase the base fee. We only top it up to
the extent of inflation. There is a formula of WPI and CPI, which we apply uniformly, which we
have been applying over the years which is a part of the membership condition. So, the formula
got applied, the inflation weighted average came to something like about 7.7% or 7.8%, that’s
the number I remember, it got applied, the invoices got generated and members are paying the
annual fee and they are holidaying and our occupancies in April are at 90%, March they were
89% and we are seeing May-June also 89%, July upwards of 80%. So, the story is going on well
because the fact of the matter is that annual fee is a very small component if you were to compare
it in today's prices, if you have to go and take similar quality rooms and vacation experiences,
for the membership fee and for the annual fee, it is a great value.
Ankit Kanodia: Thank you so much, that helped. If I may ask my last question, can we have this breakup of the
receivables may be next year onwards or next quarter onwards, how much belongs to the
vacation ownership income and how much it is that for ASF, I think that would really help us to
know where we are going if that is possible. This is just a request.
Sujit Vaidya: Ankit, in our annual accounts, we will be providing some more details around the receivables.
Moderator: Thank you. The next question is from the line of Sanjay Awatramani from Envision Capital.
Please go ahead.
Sanjay Awatramani: Good evening Sir and thank you for giving me this opportunity. I just wanted to know any
CAPEX plans for the next 2-2.5 years, as you said that we will be increasing the room size,
additional rooms 900-1,000. So, if you can highlight the CAPEX plans.
Kavinder Singh: I have always been on record that we are trying to accelerate. We have a capital expenditure plan
which was sanctioned about 2 years ago to about Rs. 1,200 crores of CAPEX. We are well on
our way to execute that CAPEX plan in the next 2-3 years and please remember the CAPEX
would be utilized either to acquire a resort, to build our own resorts and that is something that
will remain in continuity, that continues to happen, and that is what would be the overall plan
for us and the good news for us is that despite the CAPEX, we will continue hopefully to grow
our cash balance and more importantly, we are absolutely confident that a combination of
building our own resorts, acquiring, leasing has worked very well for us. So, we have a clear
strategy around utilizing the cash also that we have.
Sanjay Awatramani: This is very helpful Sir. One last thing. Out of this Rs. 1,200 crores, what is the amount we have
already spent and what is the balance amount, what will be that?
Kavinder Singh: That is something that we will have to probably work this out because CAPEX plans are
continuing from one financial year to the other and into the plan period. You see what happens
is when we planned for CAPEX in FY19, obviously some part of the CAPEX has been spent
and some more sanctions have been obtained. So, it’s kind of a rolling plan. We do not have a
Page 15 of 18
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May 4, 2022
plan where we say, so much has been spent, so much is less, but we can always top it up because
once we see growth opportunity, we can constantly keep adding and we can currently also say
that over the next three to four years, you will see us spending about Rs. 1,000-1,200 crores for
sure.
Moderator: Thank you. The next question is from the line of Nagraj Chandrashekhar from Laburnum. Please
go ahead.
Nagraj Chandrashekhar: Hi good evening Kavinder and team and congratulations on another fantastic quarter and very
strong stewardship of the company over the last couple of years. Just a question on what you
mentioned on inflation in room rate finally turning on customers and them starting to realize this
is a good model to have to lock-in rates for a 25-year period. I think the last time we saw this
kind of inflation in room rates was 2011, correct, and then we have had deflation for the next 7-
8 years post that. When inflation starts hitting the overall discretionary budget, their ability to
pay Rs. 5-6 lakhs for a membership being somewhat curtailed. Will you then be okay with
wrapping up the EMI portion of our sales or would you rather have a slower membership sort of
ad, but a cleaner membership ad, more upfront cash, how would you balance those two
competing pulls and takes?
Kavinder Singh: Very sharp and very insightful question and this is exactly what we are right now busy doing.
So, there are various tools in our toolbox. Number 1 tool is the multiple product types that we
have. In 2011, we had only one product type. Today we have clearly well-defined three product
types. We have a Go-Zest, which is a 3-year product, have Bliss which is a 10-year product for
people above 50, it’s a points-based product, and we have our flagship core club Mahindra 25-
year product. For us, depending on the life stage and also we cover various price points, look at
the prices, we are covering virtually all price points. So, at a combination of price point and the
life stage, we have products to deal with the issue that you raised. Equally important is the
opportunity to upsell. If a person joins in GoZest, obviously after a good experience, he may
consider upgrading to a 25-year product. So, for us, it is not about that people will find it difficult
to buy and therefore if we have multiple products, we are in a position to satisfy the demand.
Now, coming back to your second and equally important question, how do we get growth and
ensure that the quality member additions happen and since we are insisting on higher down
payment with the inflationary environment, will it affect the growth because people may not
want to pay upfront so much and they may be open to looking at EMI options. Our EMI options,
the way we handle this is that people who are taking the EMI option, get a lesser offer than the
people who pay upfront. We have not stopped selling on EMI, we are happy to sell on EMI, just
that we will not give the offer that we give to a person who pays us higher fee upfront. So, it is
a way of changing the customer behaviour to seek higher value and my belief is value seeking
behaviour is not going away irrespective. So, people feel that there is a value in doing higher
down payment, they will pay and then some people feel that, I cannot afford, I will only do 10%
down payment, 15% down payment, 20% down payment, whatever is the number and we have
certain policies around that, including the EMI tenures because we don't give long EMI tenures,
Page 16 of 18
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May 4, 2022
we have short EMI tenures and then the person makes his pick, but obviously, the discounts and
offers are closely correlated with the amount that you put upfront. So, I think we have an answer
to this problem and the answer is to create a menu and let people pick and choose and in either
of the choice that you make, we are not going to be the losers. We are going to ensure that our
objectives of growth and quality are met.
Nagraj Chandrashekhar: Thanks for the detailed answer on how you are thinking through this. One more question is on a
long-term shift in the model, you have mentioned a points model and if you look at how this
industry has evolved globally, the hotel players like Marriott, etc. have split out holiday
membership entities, which operate on a points model. Are you at all thinking of such a model
in the long run, shift towards that in the long run, which make it easier for even members who
are on the fringe about wanting to commit to a 25-year product, not knowing how long they will
be in India or other questions, is there any move towards such a business model in the long run
at all and how do you think that impacts economics?
Kavinder Singh: So, that is exactly the reason and we are quite familiar with these business models around the
world. We are in touch with these. We have association bodies through which we get to meet
them. Last few of course one or two years, we haven't met because of COVID, but the answer is
very simple. In anticipation of this situation, we launched Go-Zest and Bliss, which are points-
based products. Points based products obviously have a huge advantage that people can buy
more points, they can burn their points faster, but remember one thing, since we are at least in
one point-based product like Bliss, it is very critical for us to ensure that we get also an
opportunity to upsell to you. So, we do not wish that someone burns his points in one year itself.
So, there is a concept of accrual of points, which happens on a year-on-year basis. So, if you
want to burn higher number of points, you need to buy points. If you want to burn higher number
of points than what has been accrued to you in the year, which means that you are trying to
ensure that the person completes the tenure and particularly in a product like Bliss, which is a
points based product, but also has an annual fee, you also collect your annual fee and this is an
important part of our consideration because our business is about lifetime value. Our business is
about engaging at multiple points so that we are able to derive true value. As you know, in this
business, the costs of acquisitions tend to be high. So, it is always a good idea to see if the person
can have as long a tenure as he or she can have, which helps us to maximize our lifetime value
and apportion our cost of acquisition over the tenure of the membership. So, fundamentally the
idea of points is there with us. The idea of ensuring that the person does not finish his tenure by
burning the points in one year is protected by the way the product is designed, thereby enhancing
the member lifetime value for us, as well as for the member because when member interacts
more, engages more, they get benefits and privileges, which they would not get if they were
trying to burn their points all at one go. So, the points idea is implemented. Points idea has two
variations, Bliss is a 10-year product, which has ASF also. Go-Zest is a product, which has no
annual fee. So, therefore, Go-Zest is an entry-level product and the best part of all these products
is that ultimately you want them to graduate to a 25-year product because then they can enjoy
longer and that is where the true value really resides in terms of price per room night.
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May 4, 2022
Moderator: Thank you. Ladies and gentleman, that was the last question. I now hand the conference over to
the Management for their closing comments.
Kavinder Singh: First of all, thank you very much for coming for this call. We always value the interest shown
by all our current investors, potential investors, analysts, and all interested people. It's always an
honor to share views and most importantly with your sharp questioning and insights, we get to
know what your expectations are and we remain committed to ensuring that we come up to your
expectations and we keep building the Company from strength to strength. On that note, thank
you very much.
Moderator: Thank you. Ladies and gentlemen, on behalf of Mahindra Holidays and Resorts India Limited
that concludes this conference call. We thank you for joining us and you may now disconnect
your lines. Thank you.
Disclaimer: E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings
uploaded on the stock exchange on 4th May 2022 will prevail.
Page 18 of 18
JINDAL SAW LTD.
J i O i> .l L
May 10, 2022
BSE Limited N a t i o n a l Stock Exchange of India Limited,
Corporate R e l a t i o n D e p a r t m e n t Listing D e p a r t m e n t ,
1st Floor, New T rad in g Ring Exchange P l a z a , Rotunga B u i l d i n g
Phiroze Jeejeebhoy Towers B a n d r a Kurla C o m p l e x
D a l a l Street, B a n d r a (East)
M u m b a i - 400 001 M u m b a i - 4 0 0 051
Stock code: 500378 Stock code: J I N D A L S A W
Sub.:- Intimation u n d e r Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 - Acquisition of Shares of Step down Subsidiary of the Company
De a r Sir,
This is with reference to the c a p t i o n e d subject, we wish to inform you t h a t the C o m p a n y through its
step down subsidiary namely, J i n d a l Saw M i d d l e East FZE, UAE ( J S M E ) h o l d s 49% share capital of J i n d a l
Saw G u l f LLC, UAE (JS G L). Today, a n o t h e r w h o l l y owned s u b s i d i a r y namely, J i n d a l Saw H o l d i n g FZE,
U A E (JSHF), h a s a c q u i r e d the r e m a i n i n g 5 1 % s h a r e capital of JSGL. S u b s e q u e n t to the said acquisition,
the C o m p a n y h a s a c q u i r e d th e 100% s h a r e c a p i t a l of J S G L through above m e n t i o n e d s u b s i d i a r i e s .
The d e t a i l s as re q u ire d u n d e r S E B I (Listing O b l i g a t i o n s a n d Disclosure R e q u i r e m e n t s ) R e g u l a t i o n , 2015
read with S E B I C i r c u l a r N o . CIR/CFD/CMD/4/2015 dated gth September, 2015 are attached herewith
as Annexure 'A'.
This is for your information a n d record.
C o m p a n y Secretary
FCS- 3056
Corporate O ffi ce : Jindal Centre, 1 2 Bhikaiji Cama Place, New Delhi-110066 • Phone: +91 (11) 26188360 - 74, 26188345 Fax: +91 (11) 26170691
28, Shivaji Marg, Najafgarh Road, New Delhi-110015, I N D I A • P h o n e : +91 ( 1 1 ) 6646 3544, 4�02154�.
Regd. Office : A-1, UPSIDC, Ind\. Area, Nandgaon Road, Kosi Kalan, Distt. Mathura (U.P.) - 281403 • Website: www.Jmdalsaw.com
CIN: L27104UP1984PLC023979
JINDAL SAW LTD.
Details of the Scheme under Regulation 30 of the Listing Regulations read with the SEBI Circular
No. CIR/CFD/CMD/4/2015 dated September 9, 2015
S. No. Particulars Details
1 N a m e of the target entity, d e t a i l s in brief such as - J i n d a l Saw G u l f LLC, Abu D h a b i , UAE ("JSGL")
size, turnover etc.; - Turnover for the 31/3/2022- AED 8 6 6 , 0 1 3 , 7 2 2
2 W h � t h e r the a c q u i s i t i o n would fall within related NO
party transaction(s) a n d whether the promoter/
promoter group/ group c o m p a n i e s have any
interest in the entity being a c q u i r e d ? If yes,
nature of interest a n d details thereof a n d
whether the same is done at "arms length";
3 Industry to w h i c h the entity being a c q u i r e d M a n u f a c t u r i n g -Ductile Iron Pipes
belongs;
4 Objects and effects of acquisition ( i n c l u d i n g but J i n d a l Saw Gulf LLC, UAE is engaged in
not l i m i t e d to, disclosure of reasons for manufacturing of Ductile Iron Pipes in UAE,
a c q u i s i t i o n of target entity, if its business is which is also one of the businesses of the
outside the m a i n line of business of the listed Company. The purpose is to increase the
entity); control the entire s h a r e h o l d i n g of JSGL. Such
increase in s h a r e h o l d i n g is also pursuant to the
changed UAE Government g u i d e l i n e s .
5 Brief d e t a i l s of a n y g o v e r n m e n t a l or regulatory Not r e q u i r e d .
a p p r o v a l s r e q u i r e d for the a c q u i s i t i o n ;
6 Indicative t i m e period for c o m p l e t i o n of the NA
acquisition;
7 Nature of c o n s i d e r a t i o n - whether cash Cash
c o n s i d e r a t i o n or s h a r e swap a n d details of the
same;
8 Cost of a c q u i s i t i o n or the price at w h i c h the AED 3,00,000
shares are a c q u i r e d ;
9 Percentage of s h a r e h o l d i n g I control a c q u i r e d 153 Shares e q u a l to 51% s h a r e h o l d i n g
and I or n u m b e r of shares acquired;
10 Brief background a b o u t the entity a c q u i r e d in a) Business: Manufacturer of Ductile Iron Pipes
terms of products/line of business acquired, date b) Date of I n c o r p o r a t i o n : 18/08/2010
of incorporation, history of last 3 years turnover, c)Turnover of last three years:
country in w h i c h the acquired entity has presence 31/3/2022- AED 866,013, 722
a n d any o t h e r significant information ( i n brief); 31/3/2021- A E D 765,996,199
3 1 / 3 / 2 0 2 0 - A E D 367,462,121
d) Country where the a c q u i r e d entity has

-
s P... W ( presence- U n i t e d Arab Emirates ( U A E )
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· + 1
Corporate Office: Jindal Centre, 12 Bh1ka1J1 Cama Place, New Delhi- 110066 • Phone. +91 ( 1 1 ) 26188360 "
74, 26188345 Fax. 91 ( 1 1 ) 2617069
28, Shivaji Marg, Najafgarh Road, New Delhi-110015, I N D I A • P h o n e : +91 ( 1 1 ) 6646 3544, 4 � 0 2 1 54 4..
Regd. O ffi c e : A-1, UPSIDC, lndl. Area, Nandgaon Road, Kasi Kalan, Distt. Mathura (U.P.) - 281403 • Website: www.Jmdalsaw.com
CIN: L27104UP1984PLC023979
W engineered to Enhance
CFL/SEC/2022-23/MAY/07 May 10, 2022
The Manager (Listing) The Manager (Listing)
Bombay Stock Exchange Limited National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Plot no. C/1,G Block,
Mumbai-400001 Bandra - Kurla Complex
Scrip Code: 508814 Mumbai-400051
Security ID: "COSMOFILMS"
Sub: Analvst/Investor Earninss Call Audio Recordins
Dear Sir,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, this is to inform that the audio call recording of the Company's Analyst/
investor Call, held today i.e. May 10, 2022 on Operational and Financial Performance of the
Company for the Quarter and Year ended on 31 March, 2022 is available on the website of
the Company.
Link to access above audio recording is as under: -

httt5s://www^cosmofilms.com/investors-presentatipn
You are requested to take the same on your records.

Thanking You
Yours faithfully
For Cosmo Films Limited
.-^ \;
N.
Jyoti
Compa'^Secretary & Compliance Officer
End: a/a
CIN : L92114DL1976PLC008355 Cosmo Films Limited

1008, DLF Tower-A, Jasola District Centre, New Delhi 110025, India
T : +91 11 49494949 F: +911149494950 www.cosmofilm-s.rnm
CMSINFO/2205/006 May 10, 2022
To
Listing Department, Exchange Plaza, C-1, Block-G,
1st Floor, PJ Towers, Dalal Street, Bandra Kurla Complex, Bandra (East),
Fort, Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 543441 Symbol: CMSINFO
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
Dear Sir/Madam,
Pursuant to Regulation 30 of Listing Regulations, please find attached Investor Presentation on

Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year
ended March 31, 2022.
You are requested to kindly take the same on your record.
Thanking You,
Yours faithfully,
For CMS Info Systems Limited
CS Praveen Soni
(Membership No. FCS 6495)
Encl: a/a
Regd. Office: T-151, 5th Floor, Tower No.10, Sector-11, railway station complex, CBD Belapur, Navi Mumbai- 400 614 | T: +91-22-4889 7400 | F: +91-22-4889 5177
CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: contact@cms.com
Q4-FY22 / FY22
Earnings Presentation
India’s Leading Banking Logistics & Technology Services Provider 1

COMPANY OVERVIEW
Leading B2B Outsourcing Company Catering To BFSI & Retail Sector
Cash Logistics Banking Automation Managed IT Services Technology Solutions

Solutions
Only Integrated Banking Largest Cash PAN India Footprint; Servicing leading Highly qualified and
Solutions provider Management 15K+ Pin codes banks like SBI, HDFC, experienced management
with end-to-end offerings company in India covered ICICI & Axis supported by diverse board
INR 11.2 Tn 25.14% 23.6%

Cash handled in FY22 FY22 EBITDA Margin FY22 ROCE
150,000+ 33% Zero Debt

Company for 4 years with AA
Servicing Business Points FY19-22 PAT CAGR
credit rating
4,000+ INR 2,780 Mn 0.55x

Cash Vans FY22 Cash (1) FY22 OCF / EBITDA
(1) Cash & Investments is inclusive of Cash & Cash Equivalents, Bank balance & Investments 3
Offering End-to-end One Stop Solutions
Banking
Automation/
Key Business Verticals Financial Highlights
Product
Deployment (INR Mn)
Cash Management
• End-to-end ATM replenishment – inclusive of cash withdrawal, ATM replenishment, cash 15,897
13,832 13,061
evacuation and deposition for BNA/recyclers, day-end reporting, reconciliation and 11,462
25.14%
settlement
22.48%
• Cash pick up and delivery from retail outlets and enabling settlement with retailers’ banks 18.36%
17.27%
• Currency movement inter/intra city for Banks 3,997
1,980 2,539 2,936
Managed Services FY19 FY20 FY21 FY22

Operational Revenue EBITDA
• Sales, deployment, and maintenance of ATMs EBITDA Margin
• Brown label ATM Deployment

• Managed Services for bank owned ATM networks Business Mix FY22
• Management and personalization of cards
Cash
Management
Tech Solutions 69%
• Software solutions
Managed
• AI based Remote Monitoring Servcies &
Others (1)
31%
(1) Managed services revenue comprises of Managed services, Cards (other business) and Tech solutions revenues 4
CMS’ Presence Across The Cash Value Chain
Embedded into the clients' systems and process while offering a wide range of services at different stages of the cash cycle
1
ATM
2 3
Branch
1 Cash-in-transit services to the banks that run currency chests
2 ATM cash management services to banks (on behalf of MSPs)
Bank chest
7 6 4 ATM deployment and maintenance services, Brown Label ATM
3
3 services, multi-vendor software solutions and remote
General Store
monitoring services
4 Retail cash management services to retailers and other

4
4 corporates, as well as deployment of retail cash vaults
Reconciliation of ATM and retail cash balances and end-of-

5
day reporting
Coffee shop 4
5
4
Branch 6 Credit and debit card personalization services to banks
6
7 Currency chest automation
5
CMS’ Journey: Strengthened The Core And Expanded TAM
2010 - 2014 2015 - 2020 2021

Market leadership in Cash
Expansion into adjacencies Scale with higher growth
Management
Remote Monitoring
Financial Services Distribution/collection
Brown Label ATMs

Banking Automation Sales &
Software Solutions Service
ATM Cash Management

Retail Cash Management & CIT
Banking Automation Sales & Service

▪ 2009: Blackstone FP Capital Partners ▪ 2015: Asia’s largest private equity ▪ 2021: IPO of INR 11 Bn; Listed on NSE &
Key (Mauritius) V acquired 56.67% firm, Baring Private Equity acquired BSE
shareholding of our company 100% stake in CMS
updates ▪ 2017: Acquired BLA business
▪ 2021 : Acquired Remote Monitoring
▪ 2011: Acquired Securitrans India Pvt. Tech company
Ltd. ▪ 2020: Acquired Logicash
▪ ATM base ~70K in 2010 ▪ Demonetization, bank NPA issues ▪ RBI increases ATM interchange fee
Market ▪ NPCI takes over ATM switching ▪ PSU bank mergers (INR 15 to INR 17 per transaction)
backdrop ▪ COVID-19 ▪ Strong RBI compliance guidelines for
currency operations across ATM,
retail and CIT
6
Cash Management Business Managed Services Business New Adjacencies
Highly Qualified Management With A Diverse Board And Strong
Governance
Shyamala Gopinath Tapan Ray Ms. Manju Agarwal Krzysztof Jamroz

Ex-Deputy Governor of MD & Group CEO of Gift City Executive Chairman at Roadrunner
Experienced RBI
Directors
Sayali Karanjkar Jimmy Mahtani Ashish Agrawal

Non-Executive Independent Managing Director at BPEA Managing Director at BPEA
Director, Co-founder of Paysense
Rajiv Kaul Pankaj Khandelwal Anush Raghavan

Executive Vice Chairman, Whole President & CFO President – Cash Management
Time Director & CEO 27+ years of industry experience Business
24+ years of industry experience 14+ years of industry experience
Strong
Management
With Deep
Industry Manjunath Rao Sanjay Singh Rohit Kilam
Know-How President – Managed Services Chief Human Resources Officer CTO
Business (CHRO) 20+ years of industry experience
34+ years of industry experience
7
Leader In Cash Management Services In India
ATM Cash Retail Cash Management Cash-in-Transit (CIT) and

Management (RCM) Emerging Businesses
46% market share(1) 36% market share(1) 26% market share(1)
36% market share(1) 26% market share(1)
Cash Management Revenue Cash Management EBIT & EBIT Margin

(INR Mn) (INR Mn)
11,108
2,654
9,776
9,094 2,040
8,906
1,666
1,403
22.4% 23.9%
17.0%
15.8%
FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22

EBIT EBIT Margin
(1) As per company estimates 8
Route Based Logistics With Extensive Distribution Across India
Deep entrenchment to India’s hinterland, Logistical planning and Route productivity are fundamental to CMS’ successful track record
Cash Management Operations Cycle 96% coverage pan-India including remote areas(3)
3
Cash 15K+
withdrawal Jammu & Kashmir, Ladakh
1
CMS
2
Van
from banks Pincodes 6
Branch
office
Branch
Office
2
Crew
allocated
Bank
covered(1)
assigned Himachal Pradesh
4,000+ vans(1) Punjab 1
CMS 12 Uttarakhand
4
Haryana
3 8 Delhi
Cash 10 Bihar Assam
replenishment Rajasthan Uttar Pradesh
of different 8 3
5 bank ATMs 13
14
Overnight vaulting CMS Gujarat Madhya Pradesh
of retail collections
and Jharkhand
14 West Bengal
daily reporting and 13
reconciliations 10
Chhattisgarh 2
Retail
Retail Maharashtra 12 Odisha Mix of ATM cash management
CMS 24 14 points FY21
CMS
4 Semi-Metro
Retail 15%
Outlets cash Andhra Pradesh
deposited Goa
Retai and Telangana
13
l Retail 3
Cash pick-up 1
Metro
at different Karnataka
CMS retail 23%
outlets 22
SURU(2)
Kerala Tamil Nadu 62%
3 5 12
FLM at 8
ATM Branches
9
(1) For FY21 (2) As of 31st March, 2021, on the basis of total number of ATM points (3) For FY21, on the basis of districts covered
One Of The Few Integrated Players In India With A Strong Technology
Edge
Banking Automation Brown Label ATMs and AI based Remote

Software Solutions
Solutions Managed Services (BLA + MS) Monitoring
Managed Services Revenue Managed Services EBIT & EBIT Margin

(INR Mn) (INR Mn)
810
4,896
635
3,622 3,641 17.8% 547
17.5%
15.0% 16.5%
351
1,972
FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22

EBIT EBIT Margin
10
The CMS Edge
An integrated, tech-led pan India business platform serving India's cash eco-system
Leadership position across most segments, backed by operation excellence and robust financials
Longstanding customer relationships leading to increased business opportunities
Multi-year recurring predictable revenue streams
Pan-India footprint with deep penetration in growing markets
Strong track record of value accretive acquisitions
Experienced and qualified management team
11
India Is The World’s 3rd Largest ATM Market With Significant Under-
penetration In SURU(1) And Low Cash Velocity
# of ATMs deployed (2020) # of ATMs per 100K population (2020) Velocity of cash remains relatively low
(In ‘000s)
(2020)
Cash Velocity = ATM Withdrawal / CIC
State/UT Penetration
625 123 9.5
Delhi 41
Tamil 35
Nadu 8 8
103
AP 21
95
Rajasthan 14
430
MP 13
UP 10 5.5
Bihar 7
62
300
255
47
210
3
∑ = 255
26 2
22 1.5
15
60 55 50 50 40
China US LatAm India Africa Germany UK Spain France Italy (1) South Canada China Brazil Russia UK India
& ME USA Brazil China Mexico Glo bal Metro Avg. SURU
Average Afri ca
Source: Outlookworld, FIS Global, RBI, SDG, Niti Aayog, Frost & Sullivan
(1) SURU: Semi-Urban and Rural
12
Cash Transactions in India to grow at higher CAGR than previous years
Consistent growth in Cash in Circulation… ….Leading To higher cash withdrawal transactions

(INR Tn) (INR Tn)
42
38 GR
34 CA 47
13 % 43
31
28 38
24 33 33 33
21 29 29
18 25 24
17 22
14
13
15% 15% 14% 14% 14%
12% 11% 12%
10% 10%
9%
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22E FY23E FY24E FY25E FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22E FY23E FY24E FY25E
CIC CIC/Nominal GDP
To gain more insights on Cash Transactions, click on CMS Cash Index logo:
Supported by banking network growth… … and Debit card transactions to grow at 9% CAGR
(In ‘000s) (INR Tn)
R 365
CAG AGR
6% 9% C 51
47
255 42 43
39 39
215 34 36
180
27 27
23
112 125
78 68
FY10 FY16 FY21 FY27E FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22E FY23E FY24E FY25E
ATMs Bank Branches ~900 Mn debit cards used 6.7x at an ATM vs Point of Sale
13
Sources: Frost & Sullivan As of Aug ’21; RBI; CRISIL
Growth In Retail Market Size And Shift To Organized Retail To Drive
RCM(1) Growth
Share of organized retail in India one of the lowest Accelerated Retail Market Size Growth Expected
85% (INR Bn)
R
CAG 1,750
8%
55%
40% 1,200
30%
20%
672
7% 490
US Malaysia Thailand Indonesia China India

FY13 FY17 FY21E FY26E
Organized retail is expected to grow … and Cash is expected to remain the … Resulting in massive growth in RCM
rapidly at 20-25% p.a. in India… predominant mode of payment… market size
India # of Retail
Retail
7% Payment methods in the economy (FY25) FY21 FY2
20% Touchpoints in
Market 18% Credit India (in 000s)
7
Card 1 . 3x 4,000
Debit 10%
30%
Card Addressable
6%
Retail Touch 3,000
75% Points
UPI +
50% Wallet Organized 1.6x 780
Cash
17% 60% Retail Touch
Points
490 1.9x
FY 21 FY 25 Bank
Retail Points
note
7% Using Cash 210
Unorganized Organized 110
Management
14
Sources: IBEF, RBI, Frost & Sullivan, Secondary Sources (1) Retail Cash Management
Outsourced ATM And Retail Cash Management To Grow At 10%+ CAGR
Outsourced ATMs are expected to grow at a 10% Outsourced organized retail points are expected to grow
CAGR at a 12% CAGR
# of ATMs in India # of retail points in India

Cumulative
~6% ~365K 4 mn
demand of 110K
CAGR new and ~200K
replacement ~780K
ATMs
~110K
~255k Total
3 mn
addressable
~570K
~490K
~102K
~380K
75% ~255K
~153K 60%
27%
~210K
22%
~110K
FY21 FY27 FY21 FY27
O/S ATMs Non O/S ATMs O/S organised retail points Non-O/S organised retail points
Sources: RBI, Frost & Sullivan, Secondary Sources, O/S – Outsourced for cash management
15
Significant TAM Opportunity
Cash Management ATM Managed Services Remote Monitoring Tech

TAM(2) : INR 79,000 Mn(1) by FY27 TAM(2) : INR 171,000 Mn(1) by FY27 TAM(2) : INR 105,000 Mn(1) by FY27
(INR Mn) (INR Mn) (INR Mn)
2.5x 17,100
2.9x 78,900 3.7x 105,000
30,000
14,200
2,730
20,400
75,000
1,14,150
6,800
27,700 8,000
2,000 28,000
6,600
44,300
6,800 46,890
20,000 30,000
14,300 37,940
13,790 8,000
FY21 FY27 FY21 FY27 FY21 FY27
ATM Retail CIT Banking Automation BLA & MS
BFSI Non BFSI
Software Solutions Remote Monitoring
Growing TAM and bank preference for end-to-end outsourcing expected to benefit integrated players
Sources: RBI, Frost & Sullivan, Secondary Sources

(1) The total available market for cash management (ATM cash management, RCM and DCV) product sales (including AMC), ATM managed services (managed serviced ATMs and BLAs), MVS and remote monitoring stood at INR
85,310 Mn in Fiscal Year 2021 and is estimated to reach a size of INR 214,120 Mn in Fiscal Year 2027 because of some overlap between cash management and Managed Services
(2) TAM refers to the Total Addressable Market
16
Regulatory Tailwind And Contract Refresh Cycle To Drive Volume And
Pricing Growth
Large PSB Contract Regulatory focus on ATM

Formalization of the Indian
Refresh and Expansion Infra, Compliances,
economy
cycle Financial inclusion
• Preferred Asset Light model • RBI’s stricter compliance • Growth in organized retail
resulting in Capex to Opex model standards • Increasing utilization of cash
shift • Strict ATM security requirements though banking channels and
• End-to-end outsourcing higher outsourcing

• ATM interchange increase
• Large multi-year recurring deal • Consumption growth
flow in Managed Services
Sources: RBI, Frost & Sullivan, Secondary Sources 17

The CMS Growth Strategy Playbook
4
Grow through
3 selective
Expand into value
Value added accretive
2 Banking Solution acquisitions
adjacencies
Leverage scale
1 and integrated
offerings and
Capitalize on increase
the growing profitability
cash cycle
18
Q4-FY22 / FY22
FINANCIAL
OVERVIEW
Quarterly and Annual Financial Highlights
Revenue EBITDA PAT

8% 32%
40% 1,160
4,441 14%
4,103 88
108 640
Q4-FY22
881 561
1,524
1,620
26.1%
14.4%
13.7%
2,829
2,375
21.5%
Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22

Cash Mgmt. Managed Others EBITDA EBITDA Margin (%) PAT PAT Margin (%)
Services Services
22% 15,897 36% 3,997

33% 2,240
413
FY22
13,061
4,896 2,936
459 1,685
3,641 25.1%
14.1%
10,588 22.5%
8,961 12.9%
FY21 FY22 FY21 FY22 FY21 FY22

Cash Mgmt. Services Managed Services Others EBITDA EBITDA Margin (%) PAT PAT Margin (%) 20
Quarterly and Annual Operational Highlights: Cash Management
Business
Revenue EBIT
INR Mn INR Mn Cash Management: Operational Highlights
• Total currency handled at INR 11.2 Tn in FY22 – 22%
23%
Q4-FY22
2,988 39% 756 growth YoY

2,434
545
• Cash management network – 113,000 in Mar’22 vs.
25.2% 103,000 in Mar’21 – 10% growth
22.4%
• Compliance at 35% of ATM and RCM points

Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22
EBIT EBIT %
• Recovery in RCM segments such hospitality, aviation,
media & entertainment
22% 11,108
30%
9,094
2,654 • Sustainable margin expansion on the back of
FY22
2,040 network expansion, density and technology/

automation
23.9%
22.4%
FY21 FY22 FY21 FY22

EBIT EBIT % 21
Quarterly and Annual Operational Highlights: Managed Services Business
Revenue EBIT
INR Mn INR Mn Managed Services: Operational Highlights
(6) • 12,000 ATMs in Mar’22 vs. 10,000 in Mar’21 – 20%
Q4-FY22
1,620 %
1,524
7% growth YoY
263
245
• MS orderbook expanded to INR 2,200 Cr of which

17.3%
15.1% INR 1,500 Cr already live and revenue generating
• SBI BLA bonus order on successful execution of the

Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22 main order
EBIT EBIT %
• AI-based remote monitoring ramping up strongly –

10,000 sites in Mar’22; 13,000 sites in pipeline
34% 4,896
48% 810
FY22
3,641
547
16.5%
15.0%
FY21 FY22 FY21 FY22

EBIT EBIT % 22
Quarterly Consolidated Financial Performance
Particulars (All figures in INR Mn) Q4-FY22 Q3-FY22 Q-o-Q Q4-FY21 Y-o-Y
Operating Income 4,441 4,037 10.0% 4,103 8.2%
Expenses 3,281 2,986 9.9% 3,222 1.8%
Operating EBITDA 1,160 1,051 10.4% 881 31.7%
Operating EBITDA Margins (%) 26.12% 26.03% 9 Bps 21.47% 465 Bps
Finance costs 43 30 43.3% 29 48.3%
Depreciation and amortisation expense 275 224 22.8% 186 47.8%
Other Income 26 16 62.5% 111 76.6%
Profit before tax 868 813 6.8% 777 11.7%
Tax 228 211 8.1% 216 5.6%
Profit After Tax 640 602 6.3% 561 14.1%
PAT Margins (%) 14.41% 14.91% (50) Bps 13.67% 74 Bps
Other Comprehensive income for the year 3 1 NA 2 50.0%
Total Comprehensive Income for the year 643 603 6.6% 563 14.2%
Earning per equity share (nominal value of share Rs 10) – Diluted 4.07 3.89 4.6% 3.70 10.0%
23
Annual Consolidated Financial Performance
Particulars (All figures in INR Mn) FY22 FY21 Y-o-Y
Operating Income 15,897 13,061 21.7%
Expenses 11,900 10,125 17.5%
Operating EBITDA 3,997 2,936 36.1%
Operating EBITDA Margins (%) 25.14% 22.48% 266 Bps
Finance costs 144 82 75.6%
Depreciation and amortisation expense 918 635 44.6%
Other Income 79 158 (50.0)%
Profit before tax 3,014 2,377 26.8%
Tax 774 692 11.8%
Profit After Tax 2,240 1,685 32.9%
PAT Margins (%) 14.09% 12.90% 119 Bps
Other Comprehensive income for the year 4 (1) NA
Total Comprehensive Income for the year 2,244 1,684 33.2%
Earning per equity share (nominal value of share Rs 10) – Diluted 14.33 11.09 29.2%
24
HISTORICAL FINANCIAL
OVERVIEW
Historical Consolidated Income Statement
Particulars (All figures in INR Mn) FY19 FY20 FY21 FY22
Operating Income 11,462 13,832 13,061 15,897
Expenses 9,482 11,293 10,125 11,900
Operating EBITDA 1,980 2,539 2,936 3,997
Operating EBITDA Margins (%) 17.27% 18.36% 22.48% 25.14%
Finance costs 74 73 82 144
Depreciation and amortisation expense 537 566 635 918
Other Income 131 50 158 79
Profit before tax 1,499 1,951 2,378 3,014
Tax 538 604 692 774
Profit After Tax 961 1,347 1,685 2,240
PAT Margins (%) 8.38% 8.21% 12.89% 14.09%
Other Comprehensive income for the year (1) (11) (1) 4
Total Comprehensive Income for the year 960 1,336 1,684 2,244
Earning per equity share (nominal value of share Rs 10) – Diluted 6.33 8.87 11.09 14.33
26
Historical Consolidated Balance Sheet
(All figures in INR Mn) FY19 FY20 FY21 FY22 (All figures in INR Mn) FY19 FY20 FY21 FY22
Assets Equity share capital 1,480 1,480 1,480 1,531
Non-current assets Other equity 5,979 7,024 8,365 11,030
Property, plant and
804 1,206 1,897 3,470 Total equity attributable to
equipment 7,459 8,504 9,845 12,561
equity holders
Capital work-in-progress 4 29 227 436
Liabilities
Right-of-use assets 813 839 1,211 1,800
Non-current liabilities
Goodwill 2,034 2,034 2,034 2,061
Financial liabilities
Other Intangible assets 164 183 190 173
Lease liabilities 599 634 945 1,468
Intangible assets under
21 10 5 1 Provisions 168 191 191 201
development
Financial assets Other Liabilities - - - 9
Investments 0 0 0 Total of Non-current
0 767 825 1,136 1,678
liabilities
Other financial assets 280 246 259 331
Current liabilities
Deferred tax assets (net) 338 273 248 304
Financial liabilities
Income tax assets (net) 249 197 99 226
Lease liabilities 243 232 321 461
Other non-current assets 58 114 146 210
Dues of micro enterprises
Total of Non-current assets 4,765 5,131 6,315 9,012 11 100 45 80
and small enterprises
Current assets
Dues of creditors other
Inventories 416 430 895 635
than micro enterprises and 1,616 2,569 3,016 2,379
Financial assets small enterprises
Investments 116 566 1,123 1,235
Other financial liabilities 594 613 1,410 1,066
Trade receivables 3,906 4,486 5,007 4,993
Provisions 43 27 29 36
Cash and cash equivalents 1,220 1,591 1,335 643
Other current liabilities 194 458 315 296
Bank balances other than
172 314 610 774 Income tax liabilities (net) - - -
above
Other financial assets 18 28 41 276 Total of Current liabilities 2,701 3,999 5,137 4,318
Other current assets 314 781 792 989 Total Liabilities 3,468 4,823 6,273 5,996
Total of Current assets 6,162 8,197 9,803 9,545 Total Equity & Liabilities 10,927 13,327 16,118 18,557 27
Historical Consolidated Cash Flow Statement
(All figures in INR Mn) FY19 FY20 FY21 FY22 (All figures in INR Mn) FY19 FY20 FY21 FY22
Cash flow from operating activities:
Profit before tax 1,499 1,951 2,378 3,014 Cash flow from investing activities
Adjustments to reconcile profit before tax to net Proceeds from sale of property, plant and
4 4 49 7
cash flow: equipment
Depreciation and amortisation on Property, plant Purchase of property, plant and equipment,
342 357 413 581 Intangible assets (including CWIP and (313) (836) (551) (2,840)
and equipment and Intangible asset
Depreciation on Right-of-use assets 195 208 221 338 capital advances)
Unrealised foreign exchange (gain) / loss (9) 2 (3) (1) Purchase consideration paid on acquisition
(391) - - -
Lease rent concession - - (20) (2) of business
Impairment allowance for bad and doubtful Investment in mutual funds (2,814) (3,830) (3,356) (8,304)
236 134 206 595
receivables and deposits Proceeds from redemption of mutual funds 3,646 3,397 2,812 8,217
Advances written off - 88 - -
Loan given to Others - - - (144)
Bad debts written off 50 387 223 204
Debit balance written off - 5 1 21 Investment in deposits with banks (129) (203) (2,522) (844)
(Profit) on disposal of property, plant and Proceeds from maturity of deposits with
(4) (4) (1) (5) 58 274 2,075 646
equipment (net) banks (including interest)
Sundry balances written back (51) (0) (53) (8)
Net cash flow (used in) / from investing
Impairment for doubtful claims receivables 14 34 - 8 62 (1,194) (1,493) (3,262)
activities
Bad debts written back (3) - - 14
Insurance claims receivables written off - - 1 -
Finance income (14) (20) (53) (33) Cash flows from financing activities
Profit on sale of current investments (31) (13) (8) (20) Proceeds from Issue of Equity Shares - - - 637
Net change in fair value of current investments Dividend paid (285) (321) (363) (226)
(2) (4) (4) (4)
measured at FVTPL
Employee stock option compensation cost 43 10 19 61 Finance costs (4) (6) (9) (0)
Finance costs 74 73 82 144 Finance costs on lease liability (69) (67) (73) (144)
Operating profit before working capital changes 2,340 3,208 3,402 4,907 Payment of principal portion of lease
(165) (182) (172) (262)
Movement in working capital liabilities
Increase in trade payables and other liabilities 352 1,325 282 (421) Net cash flow (used in) financing activities (524) (576) (617) 5
Increase / (Decrease) in provisions 24 (8) 1 21
(Increase) in inventories (180) (14) (464) 265
Net (decrease) / increase in cash and cash
(Increase) in trade receivables (910) (1,101) (950) (724) 556 371 (256) (692)
equivalents
(Increase) in other assets and prepayments (8) (775) 152 (507) Cash and cash equivalents at the beginning of
Cash flow generated from operations 1,619 2,635 2,423 3,541 665 1,220 1,591 1,335
the year
Direct taxes paid (net of refunds) (601) (493) (569) (976) Cash and cash equivalents at the end of the
Net cash flow from operating activities 1,018 2,142 1,854 2,565 1,220 1,591 1,335 643
year 28
Strong Growth Track Record And Resilience During Covid-19 Period
Revenue EBITDA PAT(1)

-22)
R (FY19
% CAG
1213,832 -22)
) 2,240
13,061
15,897413
Y19 3,997 Y1 9-22
434 R (F R (F
11,462 459 4,896 CAG CAG
3,622 26% 33% 1,685
584 3,641 2,936
1,972 2,539 1,347
1,980 25.14% 961 14.02%
22.48% 12.75%
9,776 10,588 17.27% 18.36%
8,906 8,961 9.70%
8.30%
FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22
Cash Mgmt. Services Managed Services Others
Net Cash Flow From Operating (2) Net Worth Return On Equity
(INR Mn) (INR Mn)
12,561
-22) -22)
G R (FY19 2,565 R (FY19
CA AG
36%
2,142 1 9% C 9,845 20.0%
18.4%
8,504 16.9%
1,854 7,459
12.9%
1,018
FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22
(1) PAT margin has been calculated as PAT / Total income (Revenue from operations + Other income) (2) Higher inventory of ATM equipment (due to more orders in hand & Covid-19 induced delay in installations) resulted in
lower cash flow in FY21 29
Capital Market Information (BSE - CMSINFO | 543441, NSE – CMSINFO)
Share Price Movement (Up to 31st March, 2022)
32%
22%
12%
2%
-8%
-18%
31-Dec-21 31-Jan-22 28-Feb-22 31-Mar-22
CMS BSE Sensex BSE Small Cap
Share Price Data Shareholding Pattern (31st March, 2022)

(As on 31st March, 2022)
Face value (INR) 10.0 Mutual Funds 8.5%
AIF 1.6%
Market Price (INR) 264.9 Promoters
63.4% FII 9.5%
52 Week H/L (INR) 317.90/215.0 (Barings Private
Equity Asia) Insurance Companies 1.0%
Market Cap (INR Mn) 40.556.2 Others 16.0%
Equity Shares Outstanding (Mn) 153.1
Avg. trading volume (‘000) 2,805.5
30
Disclaimer
CMS Info Systems Limited Disclaimer:

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. Certain statements made in this presentation
may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of CMS Info
Systems Limited (CMS), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future
financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements
of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements,
including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is
not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-
looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This
presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of
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in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.
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Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data
which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed
on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the
information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby
certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.
For further details, please feel free to contact our Investor Relations Representatives:
Mr. Anuj Sonpal

Valorem Advisors
Tel: +91-22-4903-9500
Email: cms@valoremadvisors.com
31
THANK YOU
10th May, 2022
To
The Manager- Listing, The Manager - Listing,

BSE Limited, National Stock Exchange of India Limited,
Rotunda Building, Exchange Plaza,
Phiroze Jeejeebhoy Towers, Bandra Kurla Complex ,
Dalal Street, Bandra (East),
Mumbai - 400 001 Mumbai - 400 051
Scrip Code: 543276 Stock Code: CRAFTSMAN
Dear Sir/Madam,
Sub: Audio Recordings of the Earnings Conference Call on Audited Financial

Results for the quarter and year ended 31st March, 2022;
Pursuant to Regulation 30 read with Part A of Schedule III and Regulation 46(2)(oa) of
Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we wish to inform you that the audio recordings of
the Earnings Conference Call held on Tuesday, 10th May, 2022 at 03. 30 P. M. on
Audited Financial Results for the quarter and year ended 31st March, 2022 is available
at the Company website and the same can be accessed through the link mentioned in
the annexure.
We request you to kindly take the aforesaid information on record and disseminate the
same on your respective websites.
Thanking you.
Yours faithfully,
for CRAFTSMAN AUTOMATION LIIWITED
Shainshad Aduvanni
End: As above
Craftsman Automation Limited

RegisteredOffice:
Senthel Towers. 4th Floor tel:+91 42271 650 00
1078, Avanashi Road fax +914227165056
Coimbatore - 641 018 info@craftsmanautomation.com L28991TZ1986PLCOO)816
Tamilnadu. India www. craftsmanautomation. com 33AABCC2461K1ZW
ANNEXURE
Investor Conference Call Details Earnings Conference Call
Tuesday, 10th May, 2022 at 03.30 P.M. on Audited Financial Results for the quarter and year ended
Date and Purpose
31st March, 2022
Link to access Audio recording https://www.craftsmanautomation.com/wp-content/uploads/2022/05/Audiorecording_Earningscall_31032022.mp3
Craftsman Automation Limited
Registered Office:
Senthel Towers, 4th Floor tel + 91 422 71 650 00
1078, Avanashi Road fax + 91 422 71 650 56
Coimbatore - 641 018 info@craftsmanautomation.com CIN NO: L28991TZ1986PLCO01816
Tamilnadu, India www.craftsmanautomation.com GST NO: 33AABCC2461K1ZW
jhdjkashkhkaU28991TZ1986PLC00181
Jammu & Kashmir Bank Limited Corporate Headquarters T +91 (0)194 248 3775 W www.jkbank.com
M A Road, Srinagar 190001 F +91 (0)194 248 1928 Eboard.sectt@jkbmail.com
Kashmir, India
CIN: L65110JK1938SGC000048
Board Secretariat
Ref:-JKB/BS/F3652/2022/031
Date: 10th May, 2022
National Stock Exchange of India Limited The BSE Limited

Exchange Plaza 5th Floor PhirozeJeejeebhoy Towers
Plot No. C/1 G-Block Dalal Street
BandraKurla Complex Mumbai – 400 001
Bandra (E) Mumbai – 400 051 Scrip Code:532209
Symbol: J&KBANK
SUB: - REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015 - SCHEDULE OF CONFRENCE

CALL OF MANAGING DIRECTOR AND CEO OF THE BANK
Dear Sir,
In continuation to our intimation dated May 04, 2022 communicating the date of Board Meeting for
considering/approving the financial results of the Bank for the Quarter and Financial Year ended March
31, 2022, please be informed that Mr. Baldev Prakash, Managing Director and CEO of the Bank
alongwith the management team will hold a conference call with the analysts and investors at 1630
hours (IST) on Thursday, May 12, 2022 in connection with the Audited Financial Results of the Bank for
the the Quarter and Financial Year ended March 31, 2022.
Conference call details:
Date May 12, 2022

Time 1630 hours (IST)
Pre-registration details (to avoid https://services.choruscall.in/DiamondPassRegistration/regi
wait time) ster?confirmationNumber=8825098&linkSecurityString=25f9d
Diamond Pass Registration Link 7d3f4
An audio replay/transcript of the conference call would be made available on the website of the Bank.
This is for your information and appropriate dissemination.
Thanking You
Yours faithfully
For Jammu and Kashmir Bank Limited
(Mohammad Shafi Mir)

Company Secretary
‘
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UFLEX LIMITED
ivisi ice: COR PORATE
Division/Office:
- SECRETARIAL
Corporate Office: A-107-108, Sector-IV, Distt. Gautam Budh Nagar, NOIDA - 201301, (U.P.), India
Tel.: +91-120-4012345/2522558 Fax: +91-120-2442903
Website: www.uflexitd.com E-mail ID: secretarial@uflexltd.com
UFLEX/SEC/2022/ 10" May, 2022
The National Stock Exchange of India Limited. The BSE Ltd.

Exchange Plaza, 5" Floor Corporate Relationship Dept.
Plot No. C/1, G Block
Bandra —Kurla Complex
1 Floor, New Trading Ring
Rotunda Bldg., P.J. Towers
Bandra (E), Mumbai — 400 051 Dalal Street, Mumbai — 400 001
Dear Sir,
Sub: Disclosure under Regulation 30 (9) of the SEBI (Listing Obligations & Disclosure
Requirements) Regulations, 2015
This is to inform you that the Company’s wholly owned subsidiary in Dubai, Flex Middle
East, FZE, is
exploring possibility of any kind of public offering and listing of its
securities in
one or more global markets. The Rules and Regulations of Jebel Ali Free Zone Authority
(Jafza), Dubai, UAE, allows only Public Listed Companies (PLC)
with public offering of its
shares in accordance with market laws.
to
list on stock exchange
Therefore, Company’s wholly owned subsidiary in Dubai, Flex Middle East, FZE, will be
making necessary applications with Jebel Ali Free Zone Authority (Jafza), Dubai, UAE for
conversion of its status from FZE to PLC. Flex Middle East, FZE, may also change its name
for the above said purposes as may be
approved by Authority. the
Any furtherdevelopment in
this regard, which requires disclosure in terms of Regulation -30,
shall be intimated to Stock Exchange in due course time. of
You are requested to kindly take note of the same.
Thanking you,
(Ajay Krishna)
Sr. Vice President (Legal) &
Company Secretary
&
Regd. Office: 305, 3rd Floor, Bhanot Corner, Pamposh Enclave, Greater Kailash-I, New Delhi-110048 Phone: +91-11-26440917 Fax: +91-11-26216922
CIN No. L74899DL1988PLC032166
Jk SlllllWi ~ C km Ones Limitet!
(An ISO 9001:2015; ISO 14001:2015 and 45001:2018 certified company)
CIN: L85110KA1954PLC000759; Website: www.sandurgroup.com
REGISTERED OFFICE CORPORATE OFFICE

'SA TY ALA YA', No.266 'SANDUR HOUSE', No.9
Ward No.l, Palace Road Bellary Road, Sadashivanagar
Sandur - 583 119, Ballari District Bengaluru - 560 080
Karnataka, India Karnataka, India
Tel: +91 8395 260301/ 283173-199 Tel: +91804152 0176- 79 / 4547 3000
Fax: +91 8395 260473 Fax: +91 80 4152 0182
10 May 2022
The Secretary
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai - 400 001
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of Right Issue
Committee Meeting
Ref: Company Code: 504918
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 and amendments thereto, the Right
Issue Committee at its 1st meeting held on Monday, 9 May 2022, had considered and approved the
following items:
• Appointed Finshore Management Services Limited, SEBI Category I Merchant Banker, as

Manager to the Issue of equity shares on Right Basis;
• Appointed Venture Capital and Corporate Investments Private Limited, SEBI registered
Category-I Share Transfer Agent as Registrar to the Issue.
The Exchange is requested to take the same on record.
Thanking you.
Yours faithfully,
for Th Sandor Manganese & lro~n
--.
G
.,_
Bijan
Co . any ecretary & Compli cer
MINES OFFICE: Deogiri - 583112, Sandur Taluk, Ballari District

Tel: +91 8395 271025 I 28 / 29 / 40; Fax: +91 8395 271066
PLANT OFFICE: Metal & Ferroalloy Plant, Vyasankere, Mariyammanahalli - 583 222, Hosapete Taluk, Ballari District
Tel: +91 8394 244450 / 244335
®
Foe Limited
MANUFACTURERS & EXPORTERS OF FOODS, DRUGS & CHEMICALS
Date: May 10, 2022
To, To,
BSE Limited ("BSE") . National Stock Exchange of India Limited
(UNSE")
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block - G,
Dalal Street, Mumbai - 400 001 Bandra Kurla Complex, Bandra (E), Mumbai -
400 005
Scrip Code: 531599 Symbol: FDC
Sub.: Post Offer Public Announcement in terms of Regulation 24(vi) of the Securities and
Exchange Board of India (Buyback of Securities) Regulations, 2018 in respect to the
Buyback offer of 29,00,000 equity shares by FDC Limited
Dear Sir / Madam,
Please find enclosed the Post Offer Public Announcement published in the following
newspapers on Tuesday, May 10, 2022:
Name of publication Language Edition

Business Standard English All editions
Business Standard Hindi All editions
Loksatta Marathi Aurangabad edition
This will also be made available on the Company's website at www.f~cin.dia.cQm.
Kindly take the above on record.
Thanking you,
Yours Sincerely,
ForFDCL~
i Katre
M. No: FCS-8948
CORPORATE OFFICE : 142-48, S. V. Road, Jogeshwari ry./), Mumbai - 400 102. INDIA
Tel.: +91-22-6291 7900/950/2678 0652 / 2653 / 2656 • Fax: +91-22-2677 3462
E-mail: fdc@fdcindia.com • Website: www.fdcindia.com
REGISTERED OFFICE : 8-8, M.I.D.C. Industrial Area, Waluj - 431 136, Dist. Aurangabad. INDIA
Tel.: 0240-2554407/2554299/2554967 • Fax: 0240-2554299
E-mail: waluj@fdcindia.com • CIN : L24239MH1940PLC003176
.
MUMBAI | TUESDAY, 10 MAY 2022 COMPANIES 15 <
EV fire: NITI member FDC Limited (CIN: L24239MH1940PLC003176)

Registered Office: B-8, M.I.D.C. Industrial Estate, Waluj-431136, Dist. Aurangabad, Maharashtra
flags imported cells

Tel: +91 240 255 4407; Fax: +91 240 255 4299
Correspondence Address: C-3 SKYVISTAS, Near Versova Police Station 106A, J. P. Road, Andheri (West), Mumbai - 400 053
Tel: +91 22 2673 9215, Website: www.fdcindia.com, Email: varsharani.katre@fdcindia.com, Compliance Officer: Ms. Varsharani Katre, Company Secretary
POST BUYBACK PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE EQUITY SHAREHOLDERS /
BENEFICIAL OWNERS OF THE EQUITY SHARES OF FDC LIMITED
Foreign battery cells may not be suitable for Indian conditions: VK Saraswat This Post Buyback Public Announcement (the “Post Buyback Public Announcement”) is being made pursuant to the provisions of Regulation 24(vi) of the
Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 as amended thereto (the “SEBI Buyback Regulations”). This Post Buyback
Public Announcement should be read in conjunction with:
BIJAY KUMAR SINGH for high temperature and tropical climate. a) the Public Announcement in connection with the Buyback published on February 11, 2022 in the following Newspapers: i) Business Standard (English - all
New Delhi, 9 May “What (battery) cells India is getting editions); ii) Business Standard (Hindi - all editions); and iii) Loksatta (Marathi - Aurangabad Edition) (“Public Announcement”);
may not be suitable for Indian condi- b) the Draft Letter of Offer dated February 18, 2022 in connection with the Buyback (“Draft Letter of Offer”);
A
mid multiple incidents of electric tions... so what is important is when we c) the Letter of Offer dated April 01, 2022 in connection with the Buyback (“Letter of Offer”);
vehicles (EVs) catching fire, NITI import cells, we should do our own d) the Offer Opening Advertisement in connection with the Buyback of Equity Shares published on April 08, 2022 in the following newspapers:
i) Business Standard (English - all editions); ii) Business Standard (Hindi - all editions); and iii) Loksatta (Marathi - Aurangabad Edition)
Aayog member and scientist V K screening and rigorous testing system,” (“Offer Opening Advertisement”); and
Saraswat has said imported battery cells he said. e) the Public Notice in connection with the Buyback of Equity Shares published on April 19, 2022 in the following newspapers: i) Business Standard
“may not be” suitable for the country’s He also noted that there are certain (English - all editions); ii) Business Standard (Hindi - all editions); and iii) Loksatta (Marathi - Aurangabad Edition) (“Public Notice”).
conditions and emphasised the need for countries that have developed cells which All the terms used but not defined in herein shall have the same meanings as assigned in the Public Announcement and the Letter of Offer.
locally manufacturing the cells. can operate at high temperatures. 1. THE BUYBACK
His comments also come against the On whether the fire incidents could
1.1 FDC Limited (the “Company”) had announced the Buyback of upto 29,00,000 (Twenty Nine Lakhs) fully paid-up equity shares, of face value of Re. 1/-
backdrop of authorities probing such inci-
dents and Union minister Nitin Gadkari,
Battery technology is evolving... undermine India’s efforts to become a
leader in EVs, Saraswat said, “What we are
(Rupee One) each (“Equity Shares”), representing 1.72% of the issued, subscribed and paid-up equity share capital of the Company as on March 31, 2021
recently, asserting that recall of all defec- We should make sure that seeing is that the kind of accidents which
(the “Buyback”) on a proportionate basis, from the Eligible Shareholders holding Equity Shares as on February 19, 2022 (the “Record Date”), by way of
a Tender Offer through the stock exchange mechanism (“Tender Offer”), for cash at a price of Rs. 475 (Rupees Four Hundred and Seventy Five only) (the
tive vehicles will be ordered after the whatever cells we manufacture are taking place will certainly have some “Buyback Price”) per Equity Share for an aggregate amount not exceeding Rs. 13,775 Lakhs (Rupees One Hundred Thirty Seven Crore Seventy Five Lakh
only) (the “Buyback Size”) excluding expenses incurred or to be incurred for the Buyback like filing fees payable to the SEBI, merchant banker fees, stock
expert panel submits its report.
In recent times, there have been mul-
are suitable for Indian conditions impact on penetration of batteries into
the automobile sector.” exchange fee for usage of their platform for Buyback, transaction costs viz. brokerage, applicable taxes inter- alia including tax on distributed income to
tiple incidents of EVs catching fire and of high temperature Recently, Road Transport and
shareholders, Securities Transaction Tax, Goods and Services Tax, Stamp duty, etc., public announcement publication expenses, printing and dispatch
expenses and other incidental and related expenses (“Transaction Cost”), and said Buyback size represents 8.02% and 7.97% of the Paid-up share Capital
resulting in deaths as well as severe Highways Minister Nitin Gadkari, who is and Free Reserves of the Company as per the audited standalone and consolidated financial statements respectively for the year ended March 31, 2021.
injuries to people. known for his frank views, said the com- 1.2 The Company has adopted Tender Offer route for the purpose of Buyback. The Buyback was implemented using the “Mechanism for acquisition of
“Battery technology is evolving. India panies found negligent will be penalised shares through Stock Exchange” notified by SEBI vide circular CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 read with SEBI Circular CFD/DCR2/
does not manufacture battery cells at the V K SARASWAT, and a recall of all defective vehicles will CIR/P/2016/131 dated December 09, 2016 and SEBI/HO/CFD/DCR-III/CIR/P/2021/615 dated August 13, 2021, as amended from time to time.
moment... we should set up our own cell NITI Aayog member and scientist be ordered after the expert panel submits (“SEBI Circulars”).
manufacturing plants at the earliest. We its report. 1.3 The Tendering Period for the Buyback Offer opened on Tuesday, April 12, 2022 and closed on Wednesday, April 27, 2022.
should make sure that whatever cells we Saraswat, a former chief of the Defence Last month, the government ordered 2. DETAILS OF BUYBACK:
manufacture are suitable for Indian con- Research and Development Organisation, a probe after an e-scooter launched by 2.1 29,00,000 (Twenty Nine Lakh) Equity Shares were bought back under the Buyback, at a price of Rs. 475 (Rupees Four Hundred Seventy Five only) per
ditions of high temperature,” Saraswat said the fires could have been due to poor ride-hailing operator Ola's electric mobil- Equity Share.
told PTI. quality of cells, which are not designed ity arm caught fire in Pune. PTI 2.2 The total amount utilized in the Buyback is Rs. 13,775 Lakhs (Rupees One Hundred Thirty Seven Crore Seventy Five Lakhs only) excluding expenses
incurred or to be incurred for the Buyback like filing fees payable to the SEBI, merchant banker fees, stock exchange fee for usage of their platform for
Buyback, transaction costs viz. brokerage, applicable taxes inter- alia including tax on distributed income to shareholders, Securities Transaction Tax,
Goods and Services Tax, Stamp duty, etc., public announcement publication expenses, printing and dispatch expenses and other incidental and related
Adani group becomes 4th Indian co

expenses.
2.3 The Registrar to the Buyback i.e. Link Intime (India) Private Limited (the “Registrar”), considered a total of 42,300 valid bids for 2,03,80,595 Equity Shares
in response to the Buyback, which is approximately 7.03 times the maximum number of Equity Shares proposed to be bought back. The details of valid
bids considered by the Registrar to the Buyback Offer are as follows:
to buy UAE’s T20 League franchise Sr. No.
1.
Category of Shareholders
Reserved category for Small Shareholders

No. of Equity Shares
reserved in Buyback
4,35,000
No. of Valid
Bids
39,393
Total Valid Equity
Shares Tendered
31,48,018
% Response
723.68%
2. General category for all other Eligible Shareholders 24,65,000 2,907 172,32,577 699.09%
VIVEAT SUSAN PINTO T20 League franchise rights in November major foray into cricket overseas. Last
Total 29,00,000 42,300 203,80,595 702.78%
Mumbai, 9 May 2021. GMR and Capri Global had bagged year, the group had bid for the Lucknow
the team rights in February and March, and Ahmedabad franchises at IPL. But it Note: Small Shareholders have tendered 31,85,902 Equity Shares. However, against the total entitlement of 4,35,000 Equity shares, the Buy-back
Entitlement of the valid bids in the Buy-back was only for 31,48,018 Equity Shares. In view of the aforesaid response, 178,186 additional Equity Shares
Adani Sportsline, a subsidiary of the respectively. lost out to the RP Sanjiv Goenka group (being, Equity Shares tendered over and above the Buy-back Entitlement), have been accepted in proportion of the additional Equity Shares tendered.
Adani group, has acquired the rights to RIL owns the Mumbai Indians IPL and CVC Capital Partners, respectively. Further, shareholders under General Category have tendered 1,72,44,289 Equity Shares, However, against the total entitlement of 24,65,000 Equity
own and operate a franchise franchise, while GMR co-owns RP Sanjiv Goenka group had bagged Shares, the Buy-back Entitlement of the valid bids in the offer was only for 1,72,32,577 Equity Shares. In view of the aforesaid response, 252,136 additional
in the six-member UAE T20 RIL, GMR group Delhi Capitals. the Lucknow team for ~7,100 crore, while Equity Shares (being, Equity Shares tendered over and above the Buy-back Entitlement), have been accepted in proportion of the additional Equity Shares
League, it said on Monday. and Capri Global “The UAE is an amazing amal- CVC Capital had acquired the tendered.
Adani became the fourth own teams in the gamation of several cricket-loving Ahmedabad franchise for ~5,166 crore. 2.4 All valid applications have been considered for the purpose of Acceptance in accordance with the SEBI Buyback Regulations and Paragraph 19 of the Letter
Indian group after Reliance IPL-style nations. It provides an excellent Licensed by the Emirates Cricket of Offer.
Industries (RIL), GMR group tournament platform for enhancing the visi- Board, the UAE T20 league has Lancer 2.5 The communication of acceptance / rejection has been dispatched by the Registrar to the respective Shareholders, by May 09, 2022.
and Capri Global, a non-bank- that is likely to bility of cricket as the sport goes Capital, the owners of Manchester United 2.6 The settlement of all valid bids was completed by NSE Clearing Limited (NCL) on May 09, 2022. NCL have made direct funds payout to Eligible Shareholders
ing financial company start in June increasingly global,” said Pranav Football Club, as its fourth franchise own- whose Equity Shares have been accepted under the Buyback. If any Eligible Shareholders’ bank account details were not available or if the funds transfer
(NBFC), to own teams in the Adani, managing director, agro, er. instruction was rejected by Reserve Bank of India or relevant bank, due to any reason, then such funds were transferred to the concerned Seller Members
for onward transfer to such Eligible Shareholder holding Equity Shares in dematerialized form.
Indian Premier League (IPL)-style tour- oil and gas, and director, Adani “We are extremely pleased to have one
2.7 The dematerialized Equity Shares accepted under the Buyback have been transferred to the Company’s separate demat account on May 09, 2022. The
nament that is likely to commence in Enterprises. He added, “We are excited of Asia’s leading corporates as our fran- unaccepted dematerialized Equity Shares have been returned to respective Seller Brokers / custodians or lien removed by the NCL on May 09, 2022.
June. to be a part of the UAE T20 league.” chise team owner,” Mubashshir Usmani,
2.8 The extinguishment of 29,00,000 (Twenty Nine Lakhs) Equity Shares accepted under the Buyback, is currently under process and shall be completed by
RIL subsidiary Reliance Strategic Adani will be the fifth franchise owner general secretary of the Emirates Cricket May 16, 2022. In accordance with the SEBI Buyback Regulations, the Company, and its respective directors, accepts full responsibilities for the information
Business Ventures had acquired the UAE of the UAE T20 league, marking its first Board, said. contained in this Post Buyback Public Announcement and confirm that such document contains true, factual and material information and does not
contain any misleading information.
3. CAPITAL STRUCUTRE AND SHAREHOLDING PATTERN:
sions, it decided to reduce the by around $45 billion from their are. Pillar two relates to a global
> FROM PAGE 1 equity dilution. At the upper all-time high of $642 billion – minimum tax at 15 per cent.
3.1 The capital structure of the Company, pre and post Buyback is as under:
end of the price band, LIC will reached for the week ended Unlike the OECD, which Particulars Pre-Buyback Post Buyback*
LIC’s IPO... have a market cap of ~6 trillion,

making it India’s fifth most
September 3, 2021.
The RBI is believed to main-
offers consensus-based solu-
tions, the UN model gives flex-
Authorised Share Capital
No. of Shares Amount
(Rs. in Crore)
No. of Shares Amount
(Rs. in Crore)
The government has set the valuable firm. The insurance tain forex reserves of $600 bil- ibility and greater taxing rights
IPO price band at ~902-949 per giant had an embedded value lion, given the uncertainties. to enable countries to start tax- Equity Shares of Re. 1/- each 29,42,00,000 29.42 29,42,00,000 29.42
share, with an additional dis- (EV) of ~5.4 trillion as of The latest data released by the ing the digital economy. 8% Non - Cumulative Redeemable Preference shares of Rs. 100/- each 3,000 0.03 3,000 0.03
count of ~45 for retail investors September 2021. The IPO values RBI on Friday revealed the The committee discussion Issued, subscribed and Paid-up Capital
and ~60 for the policyholders. the insurer at 1.1 times EV, lower country’s forex reserves fell to assumes significance as it Equity Shares of Re. 1/- each 16,88,10,084 16.88 16,59,10,084 16.59
The IPO opened for subscrip- than its private sector peers, $598 billion for the week ended agreed to take the multilateral *Subject to extinguishment of 29,00,000 Equity Shares
tion on May 4 and was open which currently trade between April 29. “The rupee looks vul- route even when the OECD’s 3.2 The details of the shareholders from whom Equity Shares exceeding 1% of the total Equity Shares have been accepted under the Buyback are as under:
during the weekend also. 2 and 3.5 times their EV. nerable due to policy tightening “Base Erosion and Profit Sr. Name of shareholder Number of shares accepted Equity Shares accepted as a Equity Shares accepted as a
Last week, the insurer raised by central banks, dollar index Shifting” multilateral solution No. under the Buyback %age of total Equity Shares %age of total post buyback
Rupee...
~5,627 crore from anchor moving higher, RBI forex has been in place and is bought back Equity Shares
investors, with 71 per cent of the reserves falling below $600 bil- designed to work effectively to 1 Meera Ramdas Chandavarkar 4,96,855 17.13% 0.30%
amount coming from domestic lion, the ongoing war keeping address the challenges of the 2 Nandan Mohan Chandavarkar 2,81,221 9.70% 0.17%
mutualfunds(MFs).Intotal,the “After holding on to the 76.5- oil prices on the higher side, evolving international tax land- 3 Nandan Mohan Chandavarkar 2,76,347 9.53% 0.17%
state-owned insurance giant 76.75 bracket, it has finally given and weakening Asian curren- scape of digital economy, trans- 4 Leo Advisors Pvt Ltd 2,34,412 8.08% 0.14%
allotted nearly 59.3 million in to reach new lows in the cur- cies,” said Anil Kumar Bhansali, fer pricing, etc. Among other 5 Virgo Advisors Pvt Ltd 1,56,276 5.39% 0.09%
shares to 123 investors at ~949 rent move,” Kazi added. Mec- head of treasury, Finrex nations, India too has adopted 6 Ameya Ashok Chandavarkar 1,55,760 5.37% 0.09%
apiece, with 42.17 million shares klai Financial sees the rupee Treasury Advisors. the OECD’s two pillars to tax 7 Nippon Life India Trustee Ltd-A/C Nippon India 1,39,116 4.80% 0.08%
allotted to 15 domestic mutual hitting 78.5 to a dollar before the Although the reserves still digital giants. However, the Small Cap Fund
funds through 99 schemes. The month end. Currency dealers form around 12 months of BEPS scope is restrictive, unlike 8 Nomita R Chandavarkar 82,568 2.85% 0.05%
government was looking to said there was sporadic inter- imports, they can extinguish the UN approach, which is sup- 9 Fidelity Puritan Trust-Fidelity Low-Priced Stock 79,442 2.74% 0.05%
raise ~20,557 crore by diluting vention from the Reserve Bank very quickly. The RBI may be posed to be broad-based and is Fund
a 3.5 per cent stake in the insur- of India (RBI). The intention required to set some aside for intended to provide more flex- 10 Nandan Mohan Chandavarkar 79,122 2.73% 0.05%
er, making it the biggest public was to cushion the fall and not a rainy day. Therefore, its ibility, according to people 11 ICICI Prudential (Under Various Schemes) 69,135 2.38% 0.04%
offering of the Indian capital to reverse the trend. interventions will be sporadic, privy to the discussions. The 12 Enam Securities Private Limited 52,300 1.80% 0.03%
market. Initially, the govern- The RBI has been interven- now that 76.97 has been committee is expected to meet
3.3 The shareholding pattern of the Company Pre and Post Buyback is as under:
ment was looking to dilute 5 ing aggressively in the foreign breached. We could see a level next in November in Geneva,
per cent in the insurer, but giv- exchange (forex) markets by of 79 by the end of June,” said where it is likely to finalise the Category of Shareholders Pre Buyback Shareholding Pattern Post Buyback Shareholding Pattern *
en the volatile market condi- selling dollars, which resulted Bhansali, adding by end-May, terms of the rules. (as on December 31, 2021)
tions due to geopolitical ten- in forex reserves coming down the rupee could touch 78.2 to “Unlike the OECD’s pillar No. of Shares % Holding No. of Shares % Holding
a dollar. The Indian unit depre- one, the UN model’s Article 12B Promoters Shareholding
ciated 2.16 per cent against the is comparatively simple, and Indian 11,70,79,444 69.36 11,52,99,422 69.50
> BS SUDOKU # 3659 dollar in the current fiscal year can be applied to MNCs not Foreign - - - -
(2022-23, or FY23), and over 4 covered by Pillar one. This will Sub Total (A) 11,70,79,444 69.36 11,52,99,422 69.50
per cent in 2021-22. result in fair distribution of tax- Public Shareholding
“India has witnessed for- ing rights and countries will be Institutions
eign portfolio investment out- more comfortable giving up Mutual Funds / UTI 88,63,829 5.25
flow of $5.8 billion in FY23. Led unilateral measures like equal- Financial Institutions / Banks 1,00,000 0.06
by adverse global cues, the isation levy,” said Radhakishan Insurance Companies 1,00,925 0.06
rupee is trading shy of 77.5 - Rawal, former partner at Alternative Investment Funds 1,42,088 0.08
nearly 2 per cent lower from Deloitte India, and he wrote a FII / FPI 75,49,790 4.47
the highs of near 75.99 levels concept note on UN multilat- 5,06,10,662 30.50
Others - -
witnessed last week after the eral instruments (MLIs). Non Institutions
surprise rate hike by the RBI “MLI is an innovative
NBFCs registered with RBI 2,29,553 0.14
on May 4,” said Upasna Bhard- instrument to quickly trans-
Individuals 2,80,36,871 16.61
waj, senior economist, Kotak pose new provisions from
Others 67,07,584 3.97
Mahindra Bank. “Given the treaty models to tax treaties,
Sub Total (B) 5,17,30,640 30.64 5,06,10,662 30.50
uncertainty and limited RBI which otherwise can take
Grand Total (A)+(B) 16,88,10,084 100.00 16,59,10,084 100.00
intervention, the dollar-rupee decades,” Rawal added. Under
* Extinguishment of 29,00,000 Equity Shares will be made in accordance with SEBI Buyback Regulations.
could trend towards the 78 lev- the OECD, finding middle
4. MANAGER TO THE BUYBACK
els in the immediate near term. ground has been challenging
The Company has appointed Sundae Capital Advisors Private Limited as the Manager to the Buyback and their contact details are given below:
We expect the new dollar- and the process went through
rupee near-term range of 76.5- many alterations. Also it is Sundae Capital Advisors Private Limited
Level 9, Platina, Plot No C - 59, ‘G’ Block
78 in the near term,” added more of a political matter as it
Bandra Kurla Complex, Bandra (East) Mumbai - 400 051
Bhardwaj. Global crude oil involves big technology firms Tel. No. +91 22 6700 0639
prices, trading above $113 per which are tax-residents of Email: fdc.buyback@sundaecapital.com
SOLUTION TO #3658 barrel, also put pressure on the developed nations like the US Investor Grievance e-mail id: grievances.mb@sundaecapital.com
currency, with India importing and any changes and Website: www.sundaecapital.com
Very easy: over 80 per cent of its require- redesigning in law would SEBI Regn. No.: INM000012494
« ments. The widening trade allow developing nations like Validity Period: Permanent
Contact Person: Rajiv Sharma / Ridima Gulati
Solution deficit could result in a double- India to seek tax from these
digit deficit in the balance of firms. “To avoid uncertainties, 5. DIRECTORS’ RESPONSIBILITY
tomorrow payments for FY23, which is a the UN panel may need to As per Regulation 24(i)(a) of the SEBI Buyback Regulations, the Board of Directors of the Company accept full responsibility for the information contained
in this Post Buyback Public Announcement and confirm that such document contains true, factual and material information and does not contain any
HOW TO PLAY negative for the currency. design specific approaches misleading information.
which may not need to overlap
Fill in the grid so that For and on behalf of the Board of Directors of
Tax digital...
between the UN and other FDC Limited
every row, every col- multilateral solutions,” said
Sd/- Sd/- Sd/-
umn and every 3x3 Amit Maheswari, managing Mohan Anand Chandavarkar Ashok Anand Chandavarkar Varsharani Katre
box contains It deals with reallocating addi- partner, AKM Global. Managing Director Wholetime Director Company Secretary & Compliance Officer
the digits 1 to 9 tional shares of profit to market (DIN: 00043344) (DIN:00042719)
jurisdictions where the users More on business-standard.com
Place: Mumbai
Date: May 09, 2022
×é¢Õ§ü |10 ×§ü 2022 ×¢»ÜßæÚU ÕæÁæÚU 7
FDC Limited
ÀUæðÅðU °ß¢ ×ÛææðÜð àæðØÚU §â
(CIN: L24239MH1940PLC003176)
Registered Office: B-8, M.I.D.C. Industrial Estate, Waluj-431136, Dist. Aurangabad, Maharashtra
Tel: +91 240 255 4407; Fax: +91 240 255 4299
Correspondence Address: C-3 SKYVISTAS, Near Versova Police Station 106A, J. P. Road, Andheri (West), Mumbai - 400 053
âæÜ çÎ¹æ â·¤Ìð ãñÚ Î×

Tel: +91 22 2673 9215, Website: www.fdcindia.com, Email: varsharani.katre@fdcindia.com, Compliance Officer: Ms. Varsharani Katre, Company Secretary
POST BUYBACK PUBLIC ANNOUNCEMENT FOR THE ATTENTION OF THE EQUITY SHAREHOLDERS /
BENEFICIAL OWNERS OF THE EQUITY SHARES OF FDC LIMITED
This Post Buyback Public Announcement (the “Post Buyback Public Announcement”) is being made pursuant to the provisions of Regulation 24(vi) of the
Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018 as amended thereto (the “SEBI Buyback Regulations”). This Post Buyback
ÂéÙèÌ ßæÏßæ ÎæñÚUæÙ ÕðãUÌÚU ÂýÎàæüÙ ç·¤° ÁæÙð ·¤è Public Announcement should be read in conjunction with:
Ù§ü çÎËÜè, ~ ×§ü È¤æØÎð ·¤è â¢ÖæßÙæ â¢ÖæßÙæ ãñUÐÓ

a) the Public Announcement in connection with the Buyback published on February 11, 2022 in the following Newspapers: i) Business Standard (English - all
editions); ii) Business Standard (Hindi - all editions); and iii) Loksatta (Marathi - Aurangabad Edition) (“Public Announcement”);
§
·¤§ü çßàÜðá·¤ ÖæÚUÌ â×ðÌ b) the Draft Letter of Offer dated February 18, 2022 in connection with the Buyback (“Draft Letter of Offer”);
ç€ßÅUè ÕæÁæÚUæð´ ×ð´ ÖæÚUè ßñçàß·¤ §ç€ßÅUè ÕæÁæÚUæð´ ·ð¤ çÜ° c) the Letter of Offer dated April 01, 2022 in connection with the Buyback (“Letter of Offer”);
d) the Offer Opening Advertisement in connection with the Buyback of Equity Shares published on April 08, 2022 in the following newspapers:
ç»ÚUæßÅU ·¤æ ç×ÇU·ñ¤Â ¥æñÚU ¥ËÂæßçÏ â×SØæ°¢ Îð¹ ÚUãðU ãñ́U ¥æñÚU i) Business Standard (English - all editions); ii) Business Standard (Hindi - all editions); and iii) Loksatta (Marathi - Aurangabad Edition)
S×æòÜ·ñ¤Â àæðØÚUæð´ ÂÚU ¥âÚU ©UÙ·¤æ ×æÙÙæ ãñU ç·¤ ÕÉ¸UÌè ŽØæÁ (“Offer Opening Advertisement”); and
ÂÇ¸Uæ ãñUÐ §Ù·¤æ ÂýÎàæüÙ ÜæÁü·ñ¤Â ÎÚUæð́ ¥æñÚU ÌÚUÜÌæ ×ð́ ·¤×è ·¤è çSÍçÌ e) the Public Notice in connection with the Buyback of Equity Shares published on April 19, 2022 in the following newspapers: i) Business Standard
(English - all editions); ii) Business Standard (Hindi - all editions); and iii) Loksatta (Marathi - Aurangabad Edition) (“Public Notice”).
ÂýçÌSÂçÏüØæð´ ·ð¤ ×é·¤æÕÜð …ØæÎæ âæ×æ‹Ø ãUæðÙð ×ð́ â×Ø Ü»ð»æÐ All the terms used but not defined in herein shall have the same meanings as assigned in the Public Announcement and the Letter of Offer.
ÂýÖæçßÌ ãéU¥æ ãñUÐ ·ñ¤Üð´ÇUÚU ßáü çÁØæðçÁÌ È¤æ§Ùñ´çàæØÜ 1. THE BUYBACK
w®ww ×ð´ ¥Õ Ì·¤ Õè°â§ü ÂÚU âçßüâðÁ ×ð´ ×éØ çÙßðàæ 1.1 FDC Limited (the “Company”) had announced the Buyback of upto 29,00,000 (Twenty Nine Lakhs) fully paid-up equity shares, of face value of Re. 1/-
ç×ÇU·ñ¤Â ¥æñÚU S×æòÜ·ñ¤Â ÚU‡æÙèçÌ·¤æÚU ßè ·ð¤ çßÁØ·é¤×æÚU ·ð¤ (Rupee One) each (“Equity Shares”), representing 1.72% of the issued, subscribed and paid-up equity share capital of the Company as on March 31, 2021
(the “Buyback”) on a proportionate basis, from the Eligible Shareholders holding Equity Shares as on February 19, 2022 (the “Record Date”), by way of
âê¿·¤æ¢·¤¤} ÂýçÌàæÌ ¥æñÚU | ÂýçÌàæÌ ¥ÙéâæÚU, ¥×ðçÚU·¤è Èð¤ÇUÚUÜ çÚUÁßü a Tender Offer through the stock exchange mechanism (“Tender Offer”), for cash at a price of Rs. 475 (Rupees Four Hundred and Seventy Five only) (the
çÈ¤âÜð ãñÚ, ÁÕç·¤ Õè°â§ü ·ð¤ ·ð¤ âÌ L¤¹, ¥æÚUÕè¥æ§ü, Õñ´·¤ “Buyback Price”) per Equity Share for an aggregate amount not exceeding Rs. 13,775 Lakhs (Rupees One Hundred Thirty Seven Crore Seventy Five Lakh
only) (the “Buyback Size”) excluding expenses incurred or to be incurred for the Buyback like filing fees payable to the SEBI, merchant banker fees, stock
âð´âð€â ×ð´ ·¤ÚUèÕ { ÂýçÌàæÌ ·¤è ¥æòÈ¤ §¢‚Üñ́ÇU (Õè¥æð§ü) ¥æñÚU çÚUÁßü exchange fee for usage of their platform for Buyback, transaction costs viz. brokerage, applicable taxes inter- alia including tax on distributed income to
·¤×ÁæðÚUè ¥æ§ü ãñUÐ Õñ´·¤ ¥æòÈ¤ ¥æSÅþðUçÜØæ (¥æÚUÕè°) shareholders, Securities Transaction Tax, Goods and Services Tax, Stamp duty, etc., public announcement publication expenses, printing and dispatch
ÁãUæ¢ çÙßðàæ·¤æð´ Ùð çÂÀUÜð ·é¤ÀU çßàÜðá·¤æð´ ·¤æ ·¤ãUÙæ ãñU ç·¤ ÀUæðÅðU çÙßðàæ·¤æð´ ·¤æð ÕæÁæÚUæð´ ×ð´ mæÚUæ ÎÚU ßëçf âð ÂãUÜð ãUè §ç€ßÅUè expenses and other incidental and related expenses (“Transaction Cost”), and said Buyback size represents 8.02% and 7.97% of the Paid-up share Capital
and Free Reserves of the Company as per the audited standalone and consolidated financial statements respectively for the year ended March 31, 2021.
â#æãUæð´ ·ð¤ ÎæñÚUæÙ ç×ÇU·ñ¤Â ¥æñÚU çÙßðàæ âð ÁéÇ¸ðU ÚUãUÙæ ãUæð»æ ·ð¤ çÜ° Áæðç¹×Âê‡æü ÂçÚUßðàæ ÂñÎæ 1.2 The Company has adopted Tender Offer route for the purpose of Buyback. The Buyback was implemented using the “Mechanism for acquisition of
S×æòÜ·ñ¤Â àæðØÚUæð´ ×ð´ çÙßðàæ ç·¤Øæ, ÀUæðÅðU çÙßðàæ·¤æð´ ·¤æ ¥æÏæÚU çÂÀUÜð °·¤Îæð âæÜ ×ð´ ÕÉ¸Uæ ãñU
ãUæð »Øæ ãñUÐ ©UÙ·¤æ ×æÙÙæ ãñU ç·¤ shares through Stock Exchange” notified by SEBI vide circular CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 read with SEBI Circular CFD/DCR2/
CIR/P/2016/131 dated December 09, 2016 and SEBI/HO/CFD/DCR-III/CIR/P/2021/615 dated August 13, 2021, as amended from time to time.
ßãUè´ çßàÜðá·¤æð´ ·¤æð ¥Öè Öè çÙßðàæ·¤æð´ ·¤æð §â ç»ÚUæßÅU ÂÚU
©U×èÎ ãñU ç·¤ Øð Îæð âð»×ð´ÅU ¥æñÚU ©U‹ãUæð´Ùð ç×ÇU·ñ¤ÂS×æòÜ·ñ¤Â ¹ÚUèÎÙð ÂÚU ÁæðÚU çÎØæ ãñU ¥æ·ý¤æ×·¤ ¹ÚUèÎæÚUè ·¤è »ÜÌè ÙãUè´
(“SEBI Circulars”).
1.3 The Tendering Period for the Buyback Offer opened on Tuesday, April 12, 2022 and closed on Wednesday, April 27, 2022.
×ŠØæßçÏ âð ÎèƒææüßçÏ ÙÁçÚUØð âð ·¤§ü çßàÜðá·¤ ÖæÚUÌ â×ðÌ ßñçàß·¤ §ç€ßÅUè ÕæÁæÚUæð´ ·ð¤ ·¤ÚUÙè ¿æçãU° ¥æñÚU ØãU â×ÛæÙæ 2. DETAILS OF BUYBACK:
¥‘ÀUè çÙßðàæ·¤ çÎÜ¿SÂè çÜ° ¥ËÂæßçÏ â×SØæ°¢ Îð¹ ÚUãðU ãñÚ ¿æçãU° ç·¤ ·¤è×Ìæð́ ×ð́ ÕÇ¸Uè ç»ÚUæßÅU 2.1 29,00,000 (Twenty Nine Lakh) Equity Shares were bought back under the Buyback, at a price of Rs. 475 (Rupees Four Hundred Seventy Five only) per
¥æ·¤çáüÌ ·¤Úð́U»ðÐ ¥æ§ü ãUæðÐ

Equity Share.
2.2 The total amount utilized in the Buyback is Rs. 13,775 Lakhs (Rupees One Hundred Thirty Seven Crore Seventy Five Lakhs only) excluding expenses
¤§ç€ßÙæðç×€â çÚUâ¿ü ·ð¤ ßãU ·¤ãUÌð ãñÚ, ÒãU× ÙãUè´ ÁæÙÌð incurred or to be incurred for the Buyback like filing fees payable to the SEBI, merchant banker fees, stock exchange fee for usage of their platform for
â¢SÍæÂ·¤ °ß¢ ×éØ çÙßðàæ ÕæÁæÚU âð ÎêÚU ÙãUè´ Áæ°¢»ðÐ ©UÙ·ð¤ Îð¹Ìð ãéU° §Ù Îæð âð»×ð́ÅU ×ð́ ·ñ¤Üð́ÇUÚU ç·¤ ç»ÚUæßÅU ç·¤ÌÙð â×Ø Ì·¤ ÕÙè Buyback, transaction costs viz. brokerage, applicable taxes inter- alia including tax on distributed income to shareholders, Securities Transaction Tax,
Goods and Services Tax, Stamp duty, etc., public announcement publication expenses, printing and dispatch expenses and other incidental and related
¥çÏ·¤æÚUè Áè ¿æð·¤æçÜ¢»× ·¤æ Ââ¢ÎèÎæ âð»×ð´ÅU ç×ÇU ¥æñÚU ßáü w®ww ×ð´ ¥ËÂæßçÏ ç»ÚUæßÅU ÚUãðU»èÐ ç»ÚUæßÅU ·ð¤ ÕæÎ Öè çÙÅUè expenses.
·¤ãUÙæ ãñU, ÒŽØæÁ ÎÚUæð́ ×ð́ ÌæÁæ ÌðÁè S×æòÜ·ñ¤Â ÕÙð ãéU° ãñÚÐ ·ñ¤Üð´ÇUÚU ßáü ·¤è Öè ¿ðÌæßÙè Îè ãñUÐ §Ù âð»×ð́ÅUæð́ çßžæ ßáü w®wx ·¤è ¥æØ ·ð¤ ·¤ÚUèÕ 2.3 The Registrar to the Buyback i.e. Link Intime (India) Private Limited (the “Registrar”), considered a total of 42,300 valid bids for 2,03,80,595 Equity Shares
·ð¤ ÕæßÁêÎ çÙÏæüçÚUÌ ¥æØ ßæÜè w®ww Öè ¥ËÂæßçÏ ¿éÙæñçÌØæð́ ¥æñÚU ·¤æð ÀUæðÅðU çÙßðàæ·¤æð´ âð ×ÎÎ ç×Ü v~ »éÙæ ÂÚU ·¤æÚUæðÕæÚU ·¤ÚU ÚUãUæ ãñUÐ in response to the Buyback, which is approximately 7.03 times the maximum number of Equity Shares proposed to be bought back. The details of valid
bids considered by the Registrar to the Buyback Offer are as follows:
ÂçÚUâ¢ÂçžæØæð´ âð ÂýçÌÈ¤Ü ·¤×ÁæðÚU â×SØæ¥æð´ ·ð¤ ÕæßÁêÎ §Ù Îæð â·¤Ìè ãñU, Áæð çÙßðàæ ÂÚU ÕðãUÌÚU ØãU v{ »éÙæ ·ð¤ ÎèƒææüßçÏ ¥æñâÌ
Sr. No.
°ß¢ °·¤ ¥¢·¤ ×ð´ ÕÙæ ãéU¥æ ãñU, âð»×ð́ÅUæð́ ·¤æ ¥‘ÀUæ ÂýÎàæüÙ ÎÁü ·¤ÚU ÂýçÌÈ¤Ü ·¤è ÌÜæàæ ×ð´ ÕæÁæÚU ÂÚU ·ð¤ ×é·¤æÕÜð …ØæÎæ ãñU ¥æñÚU Category of Shareholders No. of Equity Shares
reserved in Buyback
No. of Valid
Bids
Total Valid Equity
Shares Tendered
% Response
ÏæÌé¥æð´ ×ð´ ·¤×ÁæðÚUè ãñU, âæðÙæ ¥æñÚU â·¤Ìæ ãñUÐÓ Îæ¢ß Ü»æ ÚUãðU ãñ́UÐ çÙçà¿Ì ÌæñÚU ÂÚU ¹ÚUèÎæÚUè Øæð‚Ø 1. Reserved category for Small Shareholders 4,35,000 39,393 31,48,018 723.68%
¿æ¢Îè Öè ÌæÁæ çÌ×æçãUØæð´ ×ð´ ÕãéUÌ ¥æ§üÇUèÕè¥æ§ü ·ñ¤çÂÅUÜ ·ð¤ àææðÏ ©U‹ãUæð´Ùð ·¤ãUæ, ÒÀUæðÅðU çÙßðàæ·¤æð´ ×êËØæ¢·¤Ù ÙãUè´ ãñU, ¹æâ·¤ÚU ÌÕ, 2. General category for all other Eligible Shareholders 24,65,000 2,907 172,32,577 699.09%
…ØæÎæ ÂýçÌÈ¤Ü ÎðÙð ×ð´ çßÈ¤Ü ÚUãðU Âý×é¹ ° ·ð¤ ÂýÖæ·¤ÚU Öè ç×ÇU·ñ¤Â ·¤æ ¥æÏæÚU çÂÀUÜð °·¤Îæð âæÜ ×ð́ ÁÕ ßñçàß·¤ ÌæñÚU ÂÚU §ç€ßÅUè Total 29,00,000 42,300 203,80,595 702.78%
ãñ́U, ç·ý¤ŒÅUæð·¤Úð́Uâè ·¤æð Öè â¢ƒæáü ·¤ÚUÙæ ¥æñÚU S×æòÜ·ñ¤Â ÂÚU â·¤æÚUæˆ×·¤ ãñÚ Îæð»éÙæ ãéU¥æ ãñU ¥æñÚU ©U‹ãUæð́Ùð ç×ÇU·ñ¤Â ÕæÁæÚUæð´ ·¤æð ßëçf ×ð´ ×¢Îè ·ð¤ Note: Small Shareholders have tendered 31,85,902 Equity Shares. However, against the total entitlement of 4,35,000 Equity shares, the Buy-back
Entitlement of the valid bids in the Buy-back was only for 31,48,018 Equity Shares. In view of the aforesaid response, 178,186 additional Equity Shares
ÂÇ¸U ÚUãUæ ãñU, ¥æñÚU çÚUØÜ °SÅðUÅU ·¤è ¥æñÚU ©UÙ·¤æ ×æÙÙæ ãñU ç·¤ Øð âð»×ð́ÅU °ß¢ S×æòÜ·ñ¤Â ×ð´ ¹ÚUèÎæÚUè ÂÚU ÁæðÚU Áæðç¹×, Øê·ýð¤ÙÙ Øéf ¥æñÚU ¿èÙ (being, Equity Shares tendered over and above the Buy-back Entitlement), have been accepted in proportion of the additional Equity Shares tendered.
ÚUÌæÚU ¥çÙçà¿Ì ¥æñÚU ·¤× ¹æâ·¤ÚU ·ñ¤Üð´ÇUÚU ßáü w®wx ×ð´ çÎØæ ãñUÐ ÕæÁæÚUæð́ ·ð¤ çÜ° ¥ËÂæßçÏ ×ð´ Üæò·¤ÇUæ©UÙ ·¤è ßÁãU âð ÂñÎæ Further, shareholders under General Category have tendered 1,72,44,289 Equity Shares, However, against the total entitlement of 24,65,000 Equity
Shares, the Buy-back Entitlement of the valid bids in the offer was only for 1,72,32,577 Equity Shares. In view of the aforesaid response, 252,136 additional
ÌÚUÜè·ë¤Ì ãñUÐ ÀUæðÅðU çÙßðàæ·¤ ÖØÖèÌ ¥‘ÀUæ ÂýÎàæüÙ ·¤ÚðÚ»ðÐ ãUæÜæ¢ç·¤ ¿éÙæñçÌØæð́ ·ð¤ ÕæßÁêÎ ç×ÇU·ñ¤Â ¥æñÚU ãéU° ¥æÂêçÌü oë¢¹Üæ ÂÚU ÎÕæß Equity Shares (being, Equity Shares tendered over and above the Buy-back Entitlement), have been accepted in proportion of the additional Equity Shares
ÙãUè´ ãUæð´»ð ¥æñÚU §Ù ¥æàæ¢·¤æ¥æð´ âð ©U‹ãUæð´Ùð â¢Âê‡æü ÕæÁæÚU ÏæÚU‡ææ ·¤æð S×æòÜ·ñ¤Â ×ð́ ·ñ¤Üð́ÇUÚU ßáü w®wx ·ð¤ ¥æçÎ âð ÁêÛæÙæ ÂÇ¸U ÚUãUæ ãñUÐÓ tendered.
2.4 All valid applications have been considered for the purpose of Acceptance in accordance with the SEBI Buyback Regulations and Paragraph 19 of the Letter
of Offer.
2.5 The communication of acceptance / rejection has been dispatched by the Registrar to the respective Shareholders, by May 09, 2022.
¥æÚU¥æ§ü°Ü, ßñçàß·¤ °Ü¥æ§üâè ¥æ§üÂè¥ô ·¤ô 2.6 The settlement of all valid bids was completed by NSE Clearing Limited (NCL) on May 09, 2022. NCL have made direct funds payout to Eligible Shareholders
whose Equity Shares have been accepted under the Buyback. If any Eligible Shareholders’ bank account details were not available or if the funds transfer
instruction was rejected by Reserve Bank of India or relevant bank, due to any reason, then such funds were transferred to the concerned Seller Members
â¢·ð¤Ìô´ âð ÅêUÅðU ÕæÁæÚU ÀUôÅUðU çÙßðàæ·¤ô´ ·¤æ âãUæÚUæ

for onward transfer to such Eligible Shareholder holding Equity Shares in dematerialized form.
2.7 The dematerialized Equity Shares accepted under the Buyback have been transferred to the Company’s separate demat account on May 09, 2022. The
unaccepted dematerialized Equity Shares have been returned to respective Seller Brokers / custodians or lien removed by the NCL on May 09, 2022.
2.8 The extinguishment of 29,00,000 (Twenty Nine Lakhs) Equity Shares accepted under the Buyback, is currently under process and shall be completed by
May 16, 2022. In accordance with the SEBI Buyback Regulations, the Company, and its respective directors, accepts full responsibilities for the information
Õè°â â¢ßæÎÎæÌæ â×è ×ôÇU·¤ ÂãUÜð àæéM¤ ãéU§ü Íè, Áô çß™ææÂÙ contained in this Post Buyback Public Announcement and confirm that such document contains true, factual and material information and does not
×é¢Õ§ü, ~ ×§ü ×é¢Õ§ü, ~ ×§ü ¥çÖØæÙ ·ð¤ ÁçÚU° ¥æ»ð ÕÉ¸UæÐ contain any misleading information.
âÚU·¤æÚU Ùð §Ù çÙßðàæ·¤ô´ ·¤ô {® 3. CAPITAL STRUCUTRE AND SHAREHOLDING PATTERN:
Îðâè ÕæÁæÚUô´ Ùð çÂÀUÜð ãUÌð ·¤è ÕÇ¸Uè àæðØÚU çÕ·ý¤è çßÎðàæè L¤ÂØð ÂýçÌ àæðØÚU ·¤è ÀUêÅU Öè Îè, 3.1 The capital structure of the Company, pre and post Buyback is as under:
¿æÚU È¤èâÎè ·¤è ç»ÚUæßÅU ·¤ô ¥õÚU ÂôÅüUÈ¤ôçÜØô çÙßðàæ·¤ô´ âð â×ÍüÙ çÁâÙð çÙßðàæ·¤ô´ ·¤è ¥ßÏæÚU‡ææ Particulars Pre-Buyback Post Buyback*
Amount Amount
¥æ»ð ÕÉ¸Uæ çÎØæ €Øô¢´ç·¤ çßÎðàæè ·¤è ©U×èÎ ·¤ÚUÌè ãñUÐ ãUæÜæ¢ç·¤ ×ÁÕêÌ ·¤èÐ ØãU ÀUéêUÅU ¹éÎÚUæ No. of Shares
(Rs. in Crore)
No. of Shares
(Rs. in Crore)
çÙßðàæ·¤ô´ ·¤è çÕ·¤ßæÜè ·ð¤ Õè¿ ÖæÚUÌèØ ÁèßÙ Õè×æ çÙ»× ·ð¤ çÙßðàæ·¤ô´ ·¤ô ç×Üè yz L¤ÂØð ÂýçÌ Authorised Share Capital
L¤ÂØð Ùð çÚU·¤æòÇüU çÙ¿Üð SÌÚU ·¤ô ÀêU w®,z®® ·¤ÚUôÇ¸U L¤ÂØð ·ð¤ …ØæÎæ ·ð¤ àæðØÚU ·¤è ÀêÅU ·ð¤ ×é·¤æÕÜð Equity Shares of Re. 1/- each 29,42,00,000 29.42 29,42,00,000 29.42
çÜØæÐ ·¤×ÁôÚU ßñçàß·¤ â¢·ð¤Ìô´ Îô ×ãUèÙð ·ð¤ çÙ¿Üð SÌÚU ÂÚU Õ¢Î ¥æÚ¢UçÖ·¤ âæßüÁçÙ·¤ çÙ»ü× Ùð Îðàæ …ØæÎæ ÍèÐ 8% Non - Cumulative Redeemable Preference shares of Rs. 100/- each 3,000 0.03 3,000 0.03
¥õÚU §¢ÇðU€â ·ð¤ çÎ‚»Áô´ çÚUÜæØ¢â ãUé¥æ Õè°â§ü âð´âð€â ·ð¤ ¹éÎÚUæ çÙßðàæ·¤ô´ ·ð¤ ÂêÚðU â×ÍüÙ ßçÚUcÆU Ùæ»çÚU·¤ ×ôÅðU ÌõÚU ÂÚU Issued, subscribed and Paid-up Capital
§¢ÇUSÅþUèÁ ×ð´ ÙÌèÁð ÂÚU çÙÚUæàææ ·ð¤ ·ð¤ âæÍ àæðØÚU çÕ·ý¤è ·¤ÚUÙð ×ð´ §ç€ßÅUè ×ð́ çÙßðàæ ÙãUè´ ·¤ÚUÙæ ¿æãUÌð, Equity Shares of Re. 1/- each
*Subject to extinguishment of 29,00,000 Equity Shares
16,88,10,084 16.88 16,59,10,084 16.59
ÕæÎ ÖæÚUè ç»ÚUæßÅ Ùð ÕæÁæÚUô´ ·¤ô ·¤æ×ØæÕè ãUæçâÜ ·¤èÐ Üðç·¤Ù ÕÇ¸Uè â¢Øæ ×ð́ °ðâð çÙßðàæ·¤ô´ 3.2 The details of the shareholders from whom Equity Shares exceeding 1% of the total Equity Shares have been accepted under the Buyback are as under:
Ùè¿ð ¹è´¿æ €Øô¢´ç·¤ Ì·¤Ùè·¤æòè â×·¤ÿæô´ ·¤è ÌÚUãU ÖæÚUÌèØ §ç€ßÅUè °Ü¥æ§üâè ·¤è Âðàæ·¤àæ ×ð´ Ùð §â×ð´ çãUSâæ çÜØæÐ °Ü¥æ§üâè Sr. Name of shareholder Number of shares accepted Equity Shares accepted as a Equity Shares accepted as a
àæðØÚUô´ Ùð ßæÂâè ·¤èÐ ØêÚUôÂèØ ß ×ð́ Öè çÕ·¤ßæÜè ÁæÚUè ÚU ãUèÐ ·ð́¤¼ýèØ °È¤Âè¥æ§ü Ùð y,®®® ·¤ÚUôÇ¸U L¤ÂØð ·¤è ÌÚUÈ¤ âð ÂæòçÜâèÏæÚU·¤ô´ ·¤ô No. under the Buyback %age of total Equity Shares %age of total post buyback
°çàæØæ§ü §ç€ßÅUèÁ Ùð ×ã¢U»æ§ü ×ð´ Õñ´·¤ô´ ·¤è ÌÚUÈ¤ âð ×ã¢U»æ§ü ×ð´ ÙÚU×è âð ·¤× ·¤æ çÙßðàæ ç·¤Øæ ãñU, Áô §àØê çßàæðá çÚUØæØÌ çÎØæ ÁæÙæ ¥ãU× bought back Equity Shares
ÕÉ¸UôÌÚUè, ×õç¼ý·¤ ÙèçÌ ×ð¢´ âÌè ·¤è ·¤ôçàæàæ ·ð¤ ÌãUÌ ×õç¼ý·¤ âÌè ·ð¤ ·é¤Ü ¥æ·¤æÚU ·¤æ Âæ¢¿ßæ¢ çãUSâæ âæçßÌ ãUéU¥æÐ Øð ÕæÌð´ çÙßðàæ Õñ¢´·¤ÚU 1
2
Meera Ramdas Chandavarkar
Nandan Mohan Chandavarkar
4,96,855
2,81,221
17.13%
9.70%
0.30%
0.17%
¥õÚU ¿èÙ âð çÙØæüÌ ×ð´ ÙÚU×è ·ð¤ ·ð¤ Õè¿ ßñçàß·¤ â¢·ð¤Ì·¤ ·¤×ÁôÚU âð Öè ·¤× ãñU ¥õÚU ·é¤Ü âÕçS·ý¤ŒàæÙ Ùð ·¤ãUèÐ 3 Nandan Mohan Chandavarkar 2,76,347 9.53% 0.17%
Õè¿ ÎéçÙØæ ÖÚU ·¤è ¥æçÍü·¤ ÚUÌæÚU ÚUãðUÐ ×ã¢U»æ§ü ¥æçÍü·¤ ÚUÌæÚU ·¤ô ·¤æ v® È¤èâÎè âð ·¤× ÕñÆUÌæ ãñUÐ ©Ulô» ·ð¤ ÂýçÌÖæç»Øô´ Ùð ·¤ãUæ 4 Leo Advisors Pvt Ltd 2,34,412 8.08% 0.14%
×ð́ ç»ÚUæßÅU ·¤ô Üð·¤ÚU ç¿¢Ìæ ÁÌæ§üÐ Ùè¿ð Üæ â·¤Ìæ ãñUÐ §â·ð¤ ¥Üæßæ ÎêâÚUè ¥ôÚU ßñØç€Ì·¤ çÙßðàæ·¤ô´ Ùð ç·¤ ÀUôÅðU çÙßðàæ·¤ô¢´ ·¤ô ÕæÁæÚU ·ð¤ 5 Virgo Advisors Pvt Ltd 1,56,276 5.39% 0.09%
} ×æ¿ü ·ð¤ ÕæÎ âð âð´âð€â Ùð àææ¢ƒææ§ü ×ð¢´ ·¤ôçßÇU ·ð¤ ·¤æÚU‡æ wz,®®® ·¤ÚUôÇ¸U L¤ÂØð âð …ØæÎæ ·¤è ×æãUõÜ âð È¤æØÎæ ãUôÙð ßæÜæ ãñUÐ 6 Ameya Ashok Chandavarkar 1,55,760 5.37% 0.09%
çÙ¿Üæ SÌÚU ÀêU çÜØæ ¥õÚU ©Uâ×ð´ Üæò·¤ÇUæ©UÙ ¥õÚU ÁêÙ w®w® ·ð¤ ÕæÎ ÕôÜè Ü»æ§üÐ È¢¤Ç÷Uâ§¢çÇUØæ ·ð¤ âè§ü¥ô Áè. 7 Nippon Life India Trustee Ltd-A/C Nippon India
Small Cap Fund
1,39,116 4.80% 0.08%
x{z ¥¢·¤ô´ ·¤è ç»ÚUæßÅU ¥æ§ü ¥õÚU âð ¿èÙ ·ð¤ ·¤×ÁôÚU çÙØæüÌ ¥æ¢·¤Ç¸Uô´ §â ¥æ§üÂè¥ô ×ð´ |x Üæ¹ ×éM¤»Ù Ùð ·¤ãUæ, ÀUôÅðU×ÛæôÜð àæãUÚUô´ 8 Nomita R Chandavarkar 82,568 2.85% 0.05%
ßãU zy,y|v ÂÚU Õ¢Î ãéU¥æÐ Ùð âð́çÅU×ð́ÅU ·¤ô ÂýÖæçßÌ ç·¤ØæÐ ¹éÎÚUæ ¥æßðÎÙ ãUæçâÜ ãUéU° ¥õÚU âð Öæ»èÎæÚUè °Ü¥æ§üâè ¥æ§üÂè¥ô 9 Fidelity Puritan Trust-Fidelity Low-Priced Stock 79,442 2.74% 0.05%
·¤æÚUôÕæÚUè â˜æ ·ð¤ ÎõÚUæÙ ØãU ~v} çÂÀUÜð ãUÌð ¥æÚUÕè¥æ§ü Ùð §Ù×ð́ âð ·¤æÈ¤è ÂãUÜè ÕæÚU çÙßðàæ·¤ ×ð¢´ …ØæÎæ ÚUãUèÐ ãU× §â·¤è ßÁãU Fund
¥¢·¤ Ì·¤ ÅêUÅU »Øæ ÍæÐ ÎêâÚUè ¥ôÚU, ¥¿æÙ·¤ ŽØæÁ ÎÚUð́U ÕÉ¸Uæ§ü Ìô ÕæÁæÚUô´ ÕÙð Õñ´Ð ¥æ§üÂè¥ô ×ð´ âÕâð …ØæÎæ °Ü¥æ§üâè ·ð¤ ÂæòçÜâèÏæÚU·¤ô´ ·ð¤ 10 Nandan Mohan Chandavarkar 79,122 2.73% 0.05%
çÙÅUè v®~ ¥¢·¤ô´ ·¤è ÙÚU×è ·ð¤ ÕæÎ ×ð́ ·¤æÈ¤è ÂÚðUàææÙè çÎ¹èÐ ØãU ·¤Î× ¥æßðÎÙ ·¤æ çÚU·¤æòÇUü ‚ÜðÙ×æ·ü¤ Üæ§È¤ »ãUÙ çßSÌæÚU ÕÌæ â·¤Ìð ãñÚÐ
11 ICICI Prudential (Under Various Schemes) 69,135 2.38% 0.04%
12 Enam Securities Private Limited 52,300 1.80% 0.03%
v{,x®w ¥¢·¤ô´ ÂÚU Õ¢Î ãéU¥æÐ ¥×ðçÚU·¤è Èð¤ÇUÚUÜ çÚUÁßü Õñ¢´·¤ ·¤è âæ§¢â ·ð¤ ¥æ§üÂè¥ô ×ð´ çÂÀUÜð âæÜ ¥æ§üÂè¥ô ·¤ô Ùß»çÆUÌ ·ð́¤¼ý àææçâÌ 3.3 The shareholding pattern of the Company Pre and Post Buyback is as under:
¥æÚU¥æ§ü°Ü ·¤æ àæðØÚU y È¤èâÎè ÌÚUÈ¤ âð ŽØæÁ ÎÚUô´ ×ð´ z® ¥æÏæÚU ÕÙæ Íæ, Áô xy Üæ¹ ÚUãUæ ÍæÐ §â ÂýÎðàæô´ âð ·¤æÈ¤è ¥æßðÎÙ ç×Üð ãUñ´Ð Category of Shareholders Pre Buyback Shareholding Pattern Post Buyback Shareholding Pattern *
Ì·¤ ÅêUÅU »Øæ ¥õÚU ©UâÙð âð́âð€â ×ð́ ¥¢·¤ô´ ·ð¤ §ÁæÈð¤ ·ð¤ ÕæÎ Îð¹Ùð ·¤ô çÜãUæÁ âð Îð¹ð́ Ìô ÕæÁæÚU ×ð́ w®wv ãU×ð´ Ü»Ìæ ãñU ç·¤ ØãU çmÌèØ·¤ (as on December 31, 2021)
xv} Âæ§¢ÅU ·¤æ Ù·¤æÚUæˆ×·¤ Øô»ÎæÙ ç×Üè ÍèÐ ÖæÚUÌ ß ¥×ðçÚU·¤æ ×ð´ ×ð¢´ Âðàæ ãUôÙð ßæÜð {~ ¥æ§üÂè¥ô ×ð´ ÕæÁæÚUô´ ×ð´ ÕÇ¸ðU SÌÚU ÂÚU ¹éÎÚUæ No. of Shares % Holding No. of Shares % Holding
ç·¤ØæÐ §¢ÇUâ§¢ÇU Õñ́·¤ ß ÙðSÜð §¢çÇUØæ Õæò‹ÇU ÂýçÌÈ¤Ü âÌ ãéU¥æ €Øô¢´ç·¤ ¥õâÌ ¥æßðÎÙ vx Üæ¹ ÚUãUæ ãñUÐ Öæ»èÎæÚUè ·ð¤ çÜ° ×æ»ü ÂýàæSÌ Promoters Shareholding
×ð́ ·¤ÚUèÕ xx È¤èâÎè ·¤è ç»ÚæßÅU çÙßðàæ·¤ô´ Ùð ŽØæÁ ÎÚUô´ ×ð¢´ âæÜ w®®} ×ð´ çÚUÜæØ¢â ÂæßÚU ·ð¤ ·¤ÚðU»æ ¥õÚU °Ü¥æ§üâè ¥æ§üÂè¥ô Indian 11,70,79,444 69.36 11,52,99,422 69.50
ÎÁü ãéU§üÐ °¿âè°Ü ÅðU·¤ w.y çâÜçâÜðßæÚU ÕÉ¸UôÌÚUè ·¤è ¥æ§üÂè¥ô ×ð´ y} Üæ¹ ¥æßðÎÙ ·ð¤ çÜ° ¹ôÜð »° Ù° ¹æÌð ·¤æ
Foreign - - - -
Sub Total (A) 11,70,79,444 69.36 11,52,99,422 69.50
È¤èâÎè ¿É¸Uæ ÁÕç·¤ §‹È¤ôçââ â¢ÖæßÙæ ÁÌæ§üÐ ãUæçâÜ ãéU° Íð, ãUæÜæ¢ç·¤ ¥æ§üÂè¥ô §SÌð×æÜ §ç€ßÅUè ÕæÁæÚUô´ ×ð́ çÙßðàæ Public Shareholding
¥õÚU ÅUèâè°â ×ð¢´ ·ý¤×àæÑ v.| çßÎðàæè çÙßðàæ·¤ô´ Ùð âô×ßæÚU ·¤è È¢¤çÇ¢U» ß ¥æßðÎÙ ·¤ô Üð·¤ÚU ÌÕ ·ð¤ çÜ° Öè ç·¤Øæ Áæ°»æÐ Institutions
È¤èâÎè ß ®.y È¤èâÎè ·¤è ÕÉ¸UôÌÚUè ·¤ô x,x{w ·¤ÚUôÇ¸U L¤ÂØð ·ð¤ àæðØÚUô´ çÙØ× ¥Ü» ÍðÐ w®wvww ×ð´ Õýô·¤ÚðUÁ ·ð¤ Âæâ Mutual Funds / UTI 88,63,829 5.25
ÎÁü ãéU§üÐ ·¤è çÕ·¤ßæÜè ·¤è, ßãUè¢´ Îðâè ©Ulô» ·ð¤ ÂýçÌÖæç»Øô¢´ Ùð ·¤ãUæ ¹éÜð ÇUè×ñÅU ¹æÌô´ ·¤è â¢Øæ {® Financial Institutions / Banks 1,00,000 0.06
×ôÌèÜæÜ ¥ôâßæÜ çÙßðàæ·¤ô´ Ùð w,®|| ·¤ÚUôÇ¸U L¤ÂØð ·ð¤ ç·¤ °Ü¥æ§üâè ¥æ§üÂè¥ô ×ð´ çßàæðá È¤èâÎè ©UÀUÜ·¤ÚU ·¤ÚUèÕ ~ ·¤ÚUôÇ¸U Insurance Companies
Alternative Investment Funds
1,00,925
1,42,088
0.06
0.08
È¤æ§Ùñ´çàæØÜ âçßüâðÁ ·ð¤ ¹éÎÚUæ àæðØÚU ¹ÚUèÎðÐ §â âæÜ ¥Õ Ì·¤ ÂæòçÜâèÏæÚU·¤ ·¤ôÅUæ âÚU·¤æÚU ·ð¤ ãUô »§üÐ ©Ulô» ·ð¤ ÂýçÌÖæç»Øô´ Ùð FII / FPI 75,49,790 4.47
àæôÏ Âý×é¹ çâhæÍü ¹ð×·¤æ Ùð ·¤ãUæ, °È¤Âè¥æ§ü Ùð Îðâè ÕæÁæÚU ×ð´ v.y çÜ° ·¤æÈ¤è ×éÈ¤èÎ âæçÕÌ ãUôÙð ·¤ãUæ ç·¤ °Ü¥æ§üâè ¥æ§üÂè¥ô v® Others - -
5,06,10,662 30.50
¥æçÍü·¤ ÚUÌæÚU ¥õÚU ÕÉ¸UÌè ×ã¢U»æ§ü Üæ¹ ·¤ÚUôÇ¸U L¤ÂØð ·¤è çÕ·¤ßæÜè ßæÜæ ãñUÐ ÂæòçÜâèÏæÚU·¤ô´ ·¤ô §â×ð´ ·¤ÚUôÇ¸U çÙßðàæ·¤ô´ ·ð¤ ×èÜ ·¤æ ÂˆÍÚU Non Institutions
·¤è ç¿¢Ìæ ·¤ô Üð·¤ÚU ßñçàß·¤ ·¤è ãñUÐ àææç×Ü ·¤ÚUÙð ·¤è ·¤ßæØÎ ×ãUèÙô´ Ì·¤ Âãé¢U¿Ùð ×ð́ ×ÎÎ ·¤ÚðU»æÐ NBFCs registered with RBI 2,29,553 0.14
Individuals 2,80,36,871 16.61
Others 67,07,584 3.97
Sub Total (B) 5,17,30,640 30.64 5,06,10,662 30.50
·ñ´¤Ââ °ðç€ÅUßçßØÚU ·¤æ àæðØÚU °Ü¥æ§üâè ¥æ§üÂè¥æð ·¤æð ç×Üð Grand Total (A)+(B) 16,88,10,084 100.00
* Extinguishment of 29,00,000 Equity Shares will be made in accordance with SEBI Buyback Regulations.
16,59,10,084 100.00
¥æ»æÁ ÂÚU w~ È¤èâÎè ¿É¸Uæ ÌèÙ »éÙæ ¥æßðÎÙ

4. MANAGER TO THE BUYBACK
The Company has appointed Sundae Capital Advisors Private Limited as the Manager to the Buyback and their contact details are given below:
Sundae Capital Advisors Private Limited
ÂëcÆUv ·¤æ àæðá vz Îðâè Øé¿é¥Ü È¢¤ÇUæð´ Ùð ~~ Level 9, Platina, Plot No C - 59, ‘G’ Block
Õè°â â¢ßæÎÎæÌæ çÙßðàæ·¤ô´ ·¤è Ÿæð‡æè ×ð´ vzw »éÙæ, ØæðÁÙæ¥æð´ ·ð¤ ÁçÚUØð çÜ°Ð âÚU·¤æÚU Bandra Kurla Complex, Bandra (East) Mumbai - 400 051
Tel. No. +91 22 6700 0639
×é¢Õ§ü, ~ ×§ü °¿°Ù¥æ§ü Ÿæð‡æè ×ð´ ww.wz »éÙæ âÚU·¤æÚU Ùð ¥æ§üÂè¥æð ·¤æ ×êËØ ·¤è ØæðÁÙæ °Ü¥æ§üâè ×ð´ ¥ÂÙè x.z Email: fdc.buyback@sundaecapital.com
¥æßðÎÙ ç×Üð ÍðÐ ¹éÎÚUæ Ÿæð‡æè ×ð´ ·é¤Ü ÎæØÚUæ ~®w L¤ÂØð âð ~y~ L¤ÂØð ÂýçÌ È¤èâÎè çãUSâðÎæÚUè Õð¿·¤ÚU w®,z|| Investor Grievance e-mail id: grievances.mb@sundaecapital.com
·ñ´¤Ââ °ðç€ÅUßçßØÚU ·¤æ àæðØÚU ç×Üæ·¤ÚU |.| »éÙæ ¥æßðÎÙ ãUæçâÜ àæðØÚU ÌØ ç·¤Øæ ÍæÐ âæÍ ×ð́ ¹éÎÚUæ ·¤ÚUæÇð U¸ L¤ÂØð ·¤×æÙð ·¤è ãñUÐ àæéL¤¥æÌ Website: www.sundaecapital.com
âô×ßæÚU ·¤ô °€â¿ð´Áô´ ×ð´ ãéU° ÍðÐ §â ¥æ§üÂè¥ô ·¤è °¢·¤ÚU Ÿæð‡æè çÙßðàæ·¤æð´ ·¤æð yz L¤ÂØð ¥æñÚU ×ð´ ßãU z È¤èâÎè çãUSâðÎæÚUè Õð¿Ùð
SEBI Regn. No.: INM000012494
Validity Period: Permanent
âê¿èÕhÌæ ÂÚU w| È¤èâÎè âð …ØæÎæ ×ð´ ¥Õé ÏæÕè §‹ßðSÅU×Å´ð , çÈ¤ÇUUðçÜÅUè, ÂæòçÜâèÏæÚU·¤æð´ ·¤æð {® L¤ÂØð ·¤è Áæ ÚUãUè ÍèÐ ×»ÚU ÕæÁæÚU ×ð́ ©UÌæÚU Contact Person: Rajiv Sharma / Ridima Gulati
¿É¸UæÐ ØãU àæðØÚU ¥¢Ì ×ð´ w|.x Ùô×êÚUæ, §‹ßðS·¤ô ¥õÚU »ôËÇU×Ùñ âñ€â ÀêUÅU Îè »§ü ÍèÐ ¥æ§üÂè¥æð y ×§ü ¿É¸Uæß ¥æñÚU ÖêÚUæÁÙèçÌ·¤ ÌÙæßæð´ 5. DIRECTORS’ RESPONSIBILITY
È¤èâÎè ØæÙè |~.| L¤ÂØð ·¤è ÕÉ¸UÌ Áñâð çÙßðàæ·¤ô´ Ùð çãUSâæ çÜØæ ÍæÐ ·¤æð ¹éÜæ ¥æñÚU ÚUçßßæÚU ·¤æð Öè ¹éÜæ ·ð¤ ·¤æÚU‡æ ©UâÙð §âð x.z È¤èâÎè ÂÚU
As per Regulation 24(i)(a) of the SEBI Buyback Regulations, the Board of Directors of the Company accept full responsibility for the information contained
in this Post Buyback Public Announcement and confirm that such document contains true, factual and material information and does not contain any
·ð¤ âæÍ x|v.| L¤ÂØð ÂÚU Õ¢Î ãéU¥æ ·¢¤ÂÙè ·¤æ v,y®® ·¤ÚUôÇ¸U L¤ÂØð ·¤æ ÚUãUæÐçÂÀUÜð ãUÌð °Ü¥æ§üâè Ùð ãUè â×ðÅU çÜØæÐ×êËØ ÎæØÚðU ·ð¤ ª¤ÂÚUè misleading information.
ÁÕç·¤ §àØê ·¤è ·¤è×Ì w~w L¤ÂØð ¥æ§üÂè¥ô ÂêÚUè ÌÚUãU âð çmÌèØ·¤ °¢·¤ÚU çÙßðàæ·¤æð´ âð z,{w| ·¤ÚUæðÇ¸U ÀUæÚð U ÂÚU âê¿èÕf ãUæÙð ð ÂÚU °Ü¥æ§üâè For and on behalf of the Board of Directors of
ÂýçÌ àæðØÚU ÍèÐ çÕ·ý¤è Íè, çÁâ×ð́ ×õÁêÎæ çÙßðàæ·¤ô¢́ L¤ÂØð ÁéÅUæ° Íð, çÁâ×ð´ âð |v ·¤æ ÕæÁæÚU ÂêÁ ¢ è·¤ÚU‡æ { Üæ¹ ·¤ÚUæÇð U̧
FDC Limited
Sd/- Sd/- Sd/-
×ÁÕêÌ âê¿èÕhÌæ âð ÂãUÜð §â Ùð àæðØÚU Õð¿,ð çÁÙ×ð´ Âýæ§ßðÅU §ç€ßÅUè È¤èâÎè ÚUæçàæ Îðâè Øé¿é¥Ü È¢¤ÇUæð´ L¤ÂØð ãUæð Áæ°»æ ¥æñÚU ØãU ÖæÚUÌ ·¤è Mohan Anand Chandavarkar Ashok Anand Chandavarkar Varsharani Katre
¥æ§üÂè¥ô ·¤ô ·¤æÈ¤è …ØæÎæ ¥æßðÎÙ È¤×ü ÅUèÂèÁè àææç×Ü ÚUãUèÐ ¥æç¹ÚUè âð ¥æ§ü ÍèÐ ·¢¤ÂÙè Ùð vwx çÙßðàæ·¤æð́ Âæ¢¿ßè´ âÕâð ·¤è×Ìè ·¢¤ÂÙè ÕÙ Managing Director Wholetime Director Company Secretary & Compliance Officer
ç×Üð ÍðÐ ·¢¤ÂÙè ·¤è àæðØÚU çÕ·ý¤è ·¤ô Õ¢Î Öæß ÂÚU ·¢¤ÂÙè ·¤æ ÕæÁæÚU ·¤æð ~y~ L¤ÂØð ·ð¤ Öæß ÂÚU Ü»Ö» Áæ°»èÐ §â·¤æ ¥¢ÌçÙüçãUÌ ×êËØ (DIN: 00043344) (DIN:00042719)
Âðàæ·¤àæ ·ð¤ ×é·¤æÕÜð z® »éÙæ âð ×êËØæ¢·¤Ù vv,x®® ·¤ÚUôÇ¸U L¤ÂØð âð z.~x ·¤ÚUæðÇ¸U àæðØÚU ¥æß¢çÅUÌ ·¤ÚU çâÌ¢ÕÚU, w®wv ×ð́ z.y Üæ¹ ·¤ÚUæÇð U¸ Place: Mumbai
Date: May 09, 2022
…ØæÎæ ¥æßðÎÙ ç×ÜðÐ â¢SÍæ»Ì …ØæÎæ ÕñÆUÌæ ãUÐñ çÎ°Ð §Ù×ð´ âð y.wv| ·¤ÚUæðÇ¸U àæðØÚU L¤ÂØð ÍæÐ
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Ref. No.CO:CS:RC:2022-23:036 May 10, 2022
Listing Department, Listing Department,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1,
1st floor Dalal Street. G Block Bandra – Kurla Complex,
Mumbai 400 001 Bandra (East), Mumbai 400 051
Scrip Code: 532772 NSE Symbol: DCBBANK
Dear Sirs,
Re: Earnings Call held on May 07, 2022
Further to our letter dated May 04, 2022 giving intimation of the Earning Call to be held on
May 07, 2022, the Bank has hosted the transcript of the earnings call held on May 07, 2022
post declaration of the audited annual financial results for the year ended March 31, 2022
and the same are available at the link given below:
https://www.dcbbank.com/upload/pdf/DCB-Bank-Q4-FY22-Earnings-Call-Transcript-May-07-2022.pdf
Please take the above information on your record in compliance with the disclosure
requirements under Regulation 30 and other applicable regulations, if any, of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015.
Kindly acknowledge receipt.
Thanking you,
Yours faithfully,
For DCB Bank Limited
RUBI Digitally signed by

RUBI CHATURVEDI
CHATURVE Date: 2022.05.10
DI 15:23:20 +05'30'
Rubi Chaturvedi
Company Secretary &
Compliance Officer
Page 1 of 1
DCB Bank Limited
Corporate & Registered Office: 6th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013
CIN: L99999MH1995PLC089008 Tel: +91 22 66187000 Fax: +91 22 66589970 Website: www.dcbbank.com
RAMERISHNA FORGINGS LIMITED
Date: 10' May, 2022
To To
The Listing Department The Listing Department
P] Towers “Exchange Plaza” C-1, Block G
Dalal Street Bandra- Kurla Complex, Bandra (E)
Mumbai - 400 001 Mumbai- 400051
BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE
Dear Sir / Madam,
Sub: Allotment of Equity Shares pursuant to Ramkrishna Forgings Limited - Employee

Stock Option Plan 2015 (“ESOP Scheme”}
Please be informed that Pursuant to Ramkrishna Forgings Limited - Employee Stock Option
Plan 2015 (“ESOP Scheme”) the Company has allotted 15,000 Equity Shares to the
undermentioned Employee on 10% May, 2022, pursuant to exercise of the Options as per table
mentioned below.
Srl.No. | Name of Employees No. of shares | Face value of

shares
1. Jayadev Patasani 10,000 Rs, 2/-
2. Kuldeep Singh 5,000
The transfer of shares will be made from Ramkrishna Forgings Limited Employee Welfare Trust
to the employee.
This is for the information of the Exchanges and members.
Thanking you,
Yours faithfully,
For Ramkrishna Forgings Limited
pe
“Pur Feoxomic Tres

INDIA'S
GROWTH
CHAMPIONS
2020 staticta
iY ROL PMN it Oe OO) Ne)

AU Ola Les
23 CIRCUS AVENUE, KOLKATA 700017, WEST BENGAL, INDIA
PHONE : (+91 33)4082 0900 / 7122 0900, FAX : (+91 33)4082 0998 / 7122 0998, EMAIL : info@ramkrishnaforgings.com, WEB : www.ramkrishnaforgings.com
CIN NO. :L74210WB1981PLC034281
Notification for issue of shares under the Stock Option Plans pursuant to Regulation 10(c)
of the SEB! (Share Based Employee Benefits) Regulations, 2014
i | Company Name and Address of Registered RAMKRISHNA FORGINGS LIMITED

Office 23, Circus Avenue,
Kolkata - 700 017
2 | Name of the Stock Exchanges on which the National Stock Exchange of India Ltd and
company’s shares are listed BSE Limited
3 | Filing date of the statement referred in 1st December 2015
regulation 10(b) of the SEBI (Share Based
Employee Benefits) Regulations, 2014 with the
Stock Exchange
4 | Filing Number, if any 8042 of National Stock Exchange of India
Limited
27298 of BSE Limited
5 | Title of the Scheme pursuant to which shares Ramkrishna Forgings Limited - Employee
are issued. If any Stock Option Plan 2015 (“ESOP Scheme”).
6 | Kind of Security to be transferred Equity Shares

7 | Par value of the shares Rs. 2/- per share
8 | Date of Transfer of shares To be transferred
9 | Number of shares to be transferred 15,000
10 | Share Certificate No., if applicable Not applicable, as no shares were allotted
in physical form.
11 | Distinctive Number of the same, if applicable Not Applicable
12 | ISIN Number of the shares if issued in Demat INE399G01023
13 |
Exercise Price per share Rs. 80/- per share
14 |
Premium per share Rs. 78/- per share
15 |
Total issued shares after this issue N.A.
16 |
Total issued Share Capital after this issue NA.
17 |
Details of any lock-in on the shares N.A.
18 |
Date of expiry of lock-in N.A.
19 |
Whether shares identical in all respects to The shares issued are identical in all
existing shares if not, when will they become respects and ranking pari passu with the
identical existing shares of the company
20 | Details of Listing fees, if payable N.A.
For eget ee imi
Rajah Mundh
Company Secretary ALZ99
INDIA'S
GROWTH
CHAMPIONS
2020 ‘StatistaZa
REGISTERED & CORPORATE OFFICE

PHONE : (491 33)4082 0900 / 7122 0900, FAX : (+91 33}4082 0998 / 7122 0998, EMAIL : info@ramkrishnaforgings.com, WEB : www.ramkrishnaforgings.com
CIN NO. :L74210WB1981PLC034281
J//�ry #rf fi",q�crSfl (./US �-u/JPJ21tl �files
Garden Reach Shipbuilders
& Engineers Ltd.
( ;JJRcJ lf-lc'51-l cf>T JQwJ-J, �cm
J.i511c1ll)
(A GOVERNMENT OF INDIA UNDERTAKING, MINISTRY OF DEFENCE)
CIN NO.: L35111WB1934GOI007891
SECY/GRSE/BD-69/CA/7/2022-23 10 May 2022
To,

Exchange Plaza, Plot No. C-1, Block G, Floor-25, Phiroze Jeejeebhoy
Bandra Kurla Complex, Bandra (E), Towers,
Mumbai - 400 051 Dalal Street, Fort
Symbol: GRSE Mumbai - 400 001
Scrip Code: 542011
Dear Sir / Madam,
Sub: Intimation of Reschedule of Date of Board Meeting to, inter alia, consider
and approve, Audited Financial Results for the quarter and year ended 31 st March,
2022 and to recommend final dividend for the financial year 2021-22, if any.
1. This has reference to our letter No. SECY/GRSE/BD-69/CA/6/2022-23 dated 05

May 2022 on the subject matter of 'Intimation of Date of Board Meeting to, inter alia,
consider and approve, Audited Financial Results for the quarter and year ended 31st
March, 2022 and to recommend final dividend for the financial year 2021-22, if any'.
2. This is to inform you that meeting of the Board of Directors of the Company,
which is scheduled to be held on Wednesday, 25th May, 2022, inter alia, to consider and
approve Audited Financial Results for the quarter and year ended 31st March, 2022 and
to recommend final dividend for the Financial Year 2021-22, if any, has been
rescheduled to be held on Tuesday, 24th May, 2022 due to unavoidable
circumstances.
3. Further, in terms of the Company's 'Code of Conduct for Prevention of Insider

Trading and Fair disclosure of Unpublished Price Sensitive Information' and SEBI
(Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in
securities of the Company shall remain closed from 01st April, 2022 till 48 hours after the
� � � ciqcH-Jlfli<h <hl�lW-l : ;;ft� �, 61, 7Tli-'f

"tfq Us,
ch1(rl<hlcil - 700 024
Registered and Corporate Office: GRSE Bhavan, 61, Garden Reach Road, Kolkata - 700 024
� I Fax: 033-2469 8150, � /Telephone: 033-2469 8105 - 108
Web : www.grse.1n, E-mail : co.sec@grse.co.1n
Garden Reach Shipbuilders & Engineers Ltd.
declaration of Financial Results for the quarter and year ended 31st March, 2022. Thus,
the Trading Window for dealing in securities of the Company shall remain closed from
01 st April, 2022 to 26th May, 2022.
Thanking You,
Yours faithfully,
For GARDEN REACH SHIPBUILDERS & ENGINEERS LIMITED
Sa��fa/
=-

ICSI Membership No. ACS 10992
Bornsi i limi ed
CIN : L36100MH20 10PLC292722
Registered & Corporate Office :
11 01 , Cre,;cenzo, G-Block, Opp. MCA Club, Bandra Kurk, Complex,
Sandra (E). Mumbai - 400 051 , India.
T +91226740 6300
F +91n67406 51 4
E borosll@b or osll.c om
W www.borosil.com
May 10, 2022

Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G,
Dalal Street, Sandra Kurla Complex,
Mumbai - 400 001 Sandra (East), Mumbai - 400 051
Scrip Code: 543212 Symbol: BOROLTD
Dear Sirs,
Sub : Intimation for Grant of Employee Stock Options under "Borosil Limited
Employee Stock Option Scheme 2020"
We wish to inform that the Nomination and Remuneration Committee of the Board of
Directors of the Company at its meeting held on May 09, 2022, granted 3,34, 100 stock
options to 48 (Forty-Eight) Eligible Employees under the "Borosil Limited Employee
Stock Option Scheme 2020" (NEW ESOS 2020). Each of the stock options, entitles
the option holder to apply for one equity share of the Company of Re.1/- each.
Please find attached the disclosure under Regulation 30 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated
September 09, 2015.
The intimation is also being uploaded on the Company's website at www.borosil.com.

~ UAgarwal
FCS-9921
Bornsil Limit ed
CIN : L3610 0MH20l OPLC292722
Registered & Corporate O ffice:
1101, Crescer.zo, G-Block, Opp, MCA Club, Sa ndra Ku,k1 Complex.
Sandra (E), Mumbai• 400 051, India.
T +91 22 674 0 6300
F +91n67406 514
E bo rosi l@b o ro sll. com
W www.borosil.com
Disclosure under Regulation 30 of the Securities and Exchange Board of India

(Listing Obligations and Disclosure Requirements) Regulations, 2015 read with
Schedule Ill
Sr. Particulars Details

No.
3,34, 100 Options granted to 48 (Forty-
1 Brief details of options granted Eight) Eligible Employees under "Borosil
Limited Employee Stock Option Scheme
2020"
Whether the scheme is in terms of
2 SEBI (Share Based Employee Yes
Benefits and Sweat Equity)
Regulations, 2021 (if applicable)
Total number of shares covered by 3,34, 100 equity shares
3 these options
The said Options are being granted at
Rs.293 (Rupees Two Hundred and Ninety-
Three Only), i.e. at 10% discount on the
market price.
The market price is the latest available

closing price on the National Stock
4 Pricing formula Exchange of India Limited, being the stock
exchange, which recorded the highest
trading volume in the equity shares of the
Company on May 06, 2022, being the
previous trading day immediately ·
preceding the date on which the Grant of
Options was approved .
The options would vest in the following
manner:
Date of vesting Vesting
percentage
1st Anniversary 33% of options
from date of granted
grant
5 Vesting period 2nd Anniversary 33% of options
grant
3rd Anniversary 34% of options
grant
Bo rnsi l l imited
CIN : L36100MH2010PLC292722
Registered & Corporate O ffice :
1101, Crescenzo, G-Block, Opp. MCA C lub, Sandra Kutlu Complex.
Bilndra (E), Mumbai - 400 051. India.
T +91 n 674 0 6300
F +9122674065 '14
E bo rosi l@boros il.com
W www.borosil.com
Sr. Particulars Details

No.
6 Exercise Period Exercise period shall be 5 years from the
date of vesting of the respective options
Yours faithfully,
etary & C fficer

FCS-9921
INFIBEAM)H
AVENUES
May 10, 2022
BSEUmited
Jeejeebhoy Towers,
Street, Fort,
Mumbai - 400 001
l ational Stock Exchange of India Limited
xchange Plaza,
andra Kurla Complex,
andra
- 400 051
, Company Code No.: 539807 INFIBEAM
Dear Sir / Madam,
Sub: Audio Recording of the Investor/Analyst Conference Call pertaining to tbe fl_nandaJ Results
for the quarter and year ended March ;H, 2022
In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
please find below the link to the audio recording of the Investor/ Analyst Conference Call on the Audited
Standalone and Consolidated Financial Results of the Company for the quarter and year ended on March
31, 2022 held on Monday, May 09, 2022. The results were approved by the Board at its Meeting held on
Monday, May 09, 2022.
Link to access Conference call recording: https:1Lwww.i,1.onQjvvp:contt.•nt/ur.load;J2022£0SjlAL-

()4·FYA2 . Earr1tru~s . . (:ali-i\udio✓111p_3.
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For lnfibeam Avenues Limite

(-·) ,,
___ , I
., ,. . tV.,,..
✓/
1- ,,/,-·
,, '
Shyamal Trivedi
Sr. Vke President & Company Se
INf'IBEAM AVENUES LIMITED

[Formerly known as Infibeom Incorporation Limited)
Regd. Office: 28 th Floor, G!FT Two Building, Block No. 56, Road-SC, Zone-5, GIFT CITY, Gandhinagar,
Taluka & District - Gandhinagar - 382 355, CIN: L64203GJ2010PLC061366
Tel: +917967772204 I Fax: +917967772205 I Email: i:r@i,,&Qfl I Website: 2'ltli.YY.,1£!,nQQ
May 10, 2022
To,
The Corporate Relationship Department Listing Department, Exchange Plaza,
Phiroze Jeejeebhoy Towers 5th Floor, Plot No C/1, G Block,
Dalal Street, Bandra-Kurla Complex, Bandra (E),
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 520113 Scrip Code: VESUVIUS
Dear Sirs/Madam,
Sub: Authorization to KMPs under Regulation 30(5) of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015
In compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we are submitting the updated contact details of
the following Key Managerial Personnel of the Company who have been severally
authorized by the Board of Directors of the Company for determining materiality of
any event or information and for the purpose of making necessary disclosures to the
Stock Exchanges:
Name and Designation of the KMP Contact Details

Mr Vikram Singh, Company Secretary Telephone: 033 – 6109 0500
Email: Vikram.Singh@vesuvius.com
Mr Sivasis Sen, Chief Financial Officer Telephone: 033 – 6109 0500
Email: Sivasis.Sen@vesuvius.com
Mr Nitin Jain, Managing Director Telephone: 033 – 6109 0500
Email: Nitin.Jain@vesuvius.com
We request you to take the above on record.
Thanking you,
Yours faithfully,
For Vesuvius India Limited
Vikram Singh
(Membership No.: A16381)
VENKY’S (INDIA) LIMITED
CIN: L01222PN1976PLC017422
Regd. Office: “Venkateshwara House”, S. No. 114/A/2,
Pune-Sinhagad Road, Pune- 411030, Tel No. 020-71251530
Website: www.venkys.com, Email: corp.shares@venkys.com
VENKY’S ANNOUNCES Q4 FY 22 AUDITED RESULTS

Pune, May 10, 2022: Venky’s (India) Limited, a well-diversified company engaged in various manufacturing activities in the
poultry industry, has announced its Financial Results for the quarter and year ended 31 st March, 2022.
QUARTER ENDED 31st MARCH, 2022 YEAR ENDED 31st MARCH, 2022
Revenues from operations higher at Rs.1,229.35 Cr. Revenues from operations higher at Rs.4,400.29 Cr.
Profit Before Tax at Rs. 82.23 Cr. Profit Before Tax at Rs.226.50Cr.
Profit After Tax at Rs. 57.37 Cr. Profit After Tax at Rs.164,78 Cr.
EPS at Rs. 40.72 EPS at Rs. 116.97
Note:
1. The overall financial performance of the Company has improved during the quarter ended March, 2022 as
compared to the quarter ended December, 2021. Realizations of poultry and poultry products segment have
improved during the quarter ended March, 2022.
2. Profitability of poultry and poultry products segment for the year ended March, 2022 has been impacted due to
steep increase in prices of poultry feed ingredients as compared to the previous year. While the average cost of
maize has gone up by 32%, soya meal has gone up by 78%.
3. The Performance of Animal Health Products and Oilseed segments has been good for the year ended March, 2022.
4. The Board has recommended a dividend of Rs. 13/- (130%) per share for the year ended 31st March, 2022.
For more details about Venky’s (India) Limited, please refer to the attached Information for Investors.
i!J SAGAR CEMENTS l MITED
10th May 2022
The National Stock Exchange of India Ltd., The Secretary

"Exchange Plaza", 5th Floor BSE Limited
Bandra - Kurla Complex P J Towers
Bandra (!;ast) Dalal Street
Mumbai� 400 051 Mumbai - 400 001
Symbol: SAGCEM Scrip Code: 502090

Series: EQ
Dear Sirs,
Sub: Sagar eements Q4 FY22 Earnings Call (Via Zoom) on Thursday, 12th May, 2022
at 11.00 A.M. 1ST
We wish to inform you that following our proposed release of financial results for the
Q4 FY22 on 11th instant, we will be hosting a Earnings Call (Via) Zoom Meeting on
Thursday, 12th May, 2022 at 1i.oo a.m. 1ST, for analysts and investors to discuss the
company's Q4 FY22 financial performance. We enclose the login id details along with
the password to enable the investors to attend the said Earnings Call.
Thanking you
Yours faithfully
For Sagar Cements Limited
�dararajan
Company Secretary
Encl.
I : Plot No. 111, Road No. I O,Jubilee Hills, Hyderabad - 500033,Telangana, India.
Registered Office
Phone: +91-40-23351571, 23356572 Fax : +91-40-23356573 E-mail: info@sagarcements.in Website: www.sagarcements.in
CIN: L26942TG1981 PLC002887 GSTIN : 36AACCS8680H2ZY
Factories : Matcampally, Via Huzurnagar, Suryapet-District,Telangana - 508204. Phone : 08683 - 247039 GSTIN : 36AACCS8680HI ZZ
Bayyavaram Village, Kasimkota Mandal, Visakhapatnam District, Andhra Pradesh - 531031. Phone : 08924-244550 Fax: 08924-244570 GSTIN: 37AACCS8680HI ZX
Gudipadu Village and Post, Yadiki Mandal, Ananthapur District, Andhra Pradesh - 515408. Phone: 08558-200272 GSTIN : 37AACCS8680H I ZX
Q4FY22 Earnings Call
Thursday, May 12th, 2022 at 11:00 A.M. IST
Hyderabad, May 9th, 2022
Sagar Cements Limited will host a conference call for analysts and investors on Thursday,
May 12st at 11:00 AM IST to discuss the company’s Q4 FY22 financial performance.
Zoom Meeting:
Meeting ID: 892 5967 9695
Meeting Password: 9999
Register in advance for this meeting:
https://rathi.zoom.us/meeting/register/tZ0vcuCuqTIsE9GrP_j0r9I1wvjyDp4BjYKA
The senior management of Sagar Cements will be present on the conference call.
The call will open with key comments from the management of Sagar Cements, following which
there will be an opportunity for participants to pose queries to the management through an
interactive Question & Answer session.
For more information, please visit www.sagarcement.in OR contact:
K.Prasad/Rajesh Singh/R.Soundararajan Gavin Desa / Suraj Digawalekar

Sagar Cement Limited CDR India
Tel: +91 40 2335 1571 / 6572 Tel: +91 22 6645 1237 / +91 22 6645 1219
Email: prasadk@sagarcements.in Email: gavin@cdr-india.com
rajeshsingh@sagarcements.in suraj@cdr-india.com
soundar@sagarcements.in
Page | 1
& Olectra Greentech Limited
10th May, 2022
To To
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, Mumbai-400 001 G Block, Bandra Kurla Complex, Bandra [E)
Scrip Code; 532439 Mumbai-400 051
--
Symbol; OLECTRA --
-
Dear Sir/Madam,
Sub: Intimation about Schedule of Institutional Investors/Analvst Meet.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 ("Regulations") read with Part A of Schedule 111 to the
Regulations, please find below details of Institutional Investors/ Analyst meet
scheduled:
S. No. Particulars of Institutional Type of Date of Event / Venue /

Investors/ Analyst Meeting Meeting Place
1. Zaaba Capital Limited One One 10th May, 2022 Virtual
Note :Dates are subject to changes. Changes may happen due to exigencies on the part of
in vestorsl company.
Thanking You,
Yours faithfully,
Company Secretary
Registered Office : 5-22, 3rd Floor, Technocrat Industrial Estate, Balanagar,

Hyderabad - 500037; Telangana, India. Tel : +040-46989999
CIN : L34100TG2000PLC035451. E-mail : Infnk3nl~rtrarnm www n l ~ r t r arnm
ISO 9001 :2008 I ISO 14001 :2004
OHSAS 180 01 :2007
REF .N O./GH CL/AHMD/2022-2023/363A
DATE: MAY 10, 2022
To To
BSE Limited National Stock Exchange of India Ltd.
Corporate Relation Department Exchange Plaza,
Phiroze Jeejeebhoy Towers Plot No. C/1, G Block
Dalal Street, Bandra-Kurla Complex
Mumbai- 400 001 Bandra (E), Mumbai - 400 051
REF: Security Code No. 526367 REF: Company Symbol: GANESHHOUC
Dear Sir/Madam,
SUB: - EARNINGS CONFERENCE CALL

Regulations, 2015, we are enclosing herewith the schedule of Q4 FY22 Earnings Conference Call
to be held on Friday, May 13, 2022.
Thanking you,
Yours faithfully,
For GANES\I HOUSING CORPORATION LIMITED

~ · '
JASMIN JANI
COMPANY SECRETARY &
COMPLIANCE OFFICER
Encl : As above
GANESH CORPORATE HOUSE

100 ft. Hebatpur-Thaltej Road,
Nr. Sola Bridge, Off. S.G. Highway,
Ahmedabad-380 054. Gujarat, India.
CIN:L45200GJ1991PLC015817
P +91796160 8888
F +91796160 8899
E ganesh@ganeshhousing.com
W www.ganeshhousing.com
Go India Advisors
Unbiased and Balanced
Ganesh Housing Corporation Limited

Q4 FY22 Earnings Conference Call
Hosted by Go India Advisors

On Friday, May 13, 2022
1200 hrs. IST
Company Participants
Mr. Rajendra Shah
Chief Financial Officer
Mr. Neeraj Kalawatia
Vice President (Finance)
and other
Senior Management Team
Call in Details:
Pre-register to avoid wait time, join with Diamond Pass.
Registration link: CLICK HERE
Dial in Numbers: Please dial-in at least 5-10 minutes prior to the conference call
schedule to ensure that you are connected to the call on time
Universal Dial-In Number

+91 22 6280 1557 / +91 22 7115 8383
:::::::::::::::::::::::::::::::: __________________________ _
International Toll
USA: UK: Singapore: Hong Kong:
+1 3233868721 +44 2034785524 +65 31575746 +852 30186877
For further information, kindly contact:
Sheetal Khanduja Rajat Gupta

sheetal@goindiaadvisors.com rajat@goindiaadvisors.com
Suprajit Registered & Corporate Office : # 100 & 101 , Bommasandra Industrial Area,
Engineering Bengaluru - 560 099. Tel: +91-80-43421100, Fax: +91-80-27833279
E-mail: info@suprajit.com Web: http://www.suprajit.com
Limited Corporate Identity Number (CIN) : L29199KA 1985PLC006934
May 10, 2022
Ref: 532509 Ref: SUPRAJIT

Department of Corporate Services Exchange Plaza, C-1, Block-G,
P. J. Towers, 25th Floor, Bandra Kurla Complex, Bandra (E)
Dalal Street, Mumbai- 400 001 Mumbai- 400 051
Dear Sirs,
Sub: Allotment of Equity Shares under the SEL ESAR Plan -2017 of the Company
This is to inform that the Company has allotted 1,058 Equity Shares of Re. 1/- each to 3
employees, who had exercised their options under the "SEL ESAR Plan -2017" of the
Company.
The allotted shares shall rank pari-passu with the existing Equity Shares of the Company
in all respects.
Please take this intimation on record.
Thanking you,
Yours faithfully,
For Suprajit Engineering Limited
~ daJ
CFO & Company Secretary
May 10, 2022
The Manager, The Manager,

Listing Department Listing Department
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E),
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 500413 Scrip Code: THOMASCOOK
Fax No.: 2272 2037/39/41/61 Fax No.: 2659 8237/38
Dear Sir/ Madam,
Ref: Press Release – Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.
We are enclosing herewith the Press Release dated May 10, 2022 titled “Thomas Cook India expands presence
in Gujarat to tap the strong and growing travel market - Opens Gold Circle Partner (Franchise) outlet in
Vadodara”.
Thank you.
Yours faithfully,
For Thomas Cook (India) Limited

AMIT Digitally signed by
AMIT JYOTINDRA
JYOTINDR PAREKH
Date: 2022.05.10
A PAREKH 11:57:35 +05'30'
Amit J. Parekh
Encl: a/a
Thomas Cook India expands presence in Gujarat to tap the strong and growing travel market
Opens Gold Circle Partner (Franchise) outlet in Vadodara
Mumbai, May 10, 2022: Thomas Cook (India) Ltd., India’s leading omnichannel travel services company,
inaugurated a new Gold Circle Partner (franchise) outlet in Vadodara to capitalise on the strong and growing
travel opportunity from the region. This expansion augments Thomas Cook India’s distribution and reach in
Gujarat, including Vadodara, to 10 consumer access centres: 5 owned branches and 5 Gold Circle Partner
(franchise) outlets. In addition to serving Vadodara, the outlet will also serve as a hub for nearby business and
residential areas of Anand, Ankleshwar, Bharuch, Godhra, Rajpipla, Dabhoi, Karamsad and Borsad.
In the new age of travel, customers are understandably seeking the guidance and reassurance of holiday
experts and Thomas Cook India’s internal survey reiterates the same, with a significant 77% of respondents
stating that they require guidance from a holiday expert. To help customers with their travel plans and
requirements, Thomas Cook India has opened a Gold Circle Partner (franchise) outlet in Vadodara.
Thomas Cook’s strategic omnichannel model offers extensive touchpoints to customers: India’s largest retail
holiday network and B2B distribution (across its owned stores, Partner franchise outlets and Preferred Sales
Agents) coupled with the Companies’ website, call centres, Holiday app and Virtual Holiday store.
Additionally, to strengthen customer confidence in travel, Thomas Cook’s “TravShield” is India’s only safety
commitment – with only vaccinated staff and co-passengers among many other precautions, building on their
“Assured” travel safety protocols - developed in association with Apollo Clinics.
TravShield & Assured together, ensure best in class safety and protection for travellers in the post Covid era,
covering every distribution, delivery and partner touch point in the travel ecosystem.
With strong pent-up demand, easing of restrictions and resumption of commercial aviation driving positive
consumer sentiment, consumers from Vadodara are displaying a strong travel desire for both domestic and
international destinations. Favourite Indian locales include: Goa, Andamans, Kashmir, Leh-Ladakh,
Uttarakhand, Himachal Pradesh, Kerala and Char Dham. Closer to home international destinations like
Maldives, Thailand, Singapore, Indonesia, Dubai-Abu Dhabi, Mauritius and Nepal are driving demand.
Additionally, long/mid-haul favourites include Switzerland, France, Canada, UK, Turkey, Egypt, Australia and
USA (for visa holding customers).
Key segments driving growth from Vadodara include families, couples, millennials/young professionals, groups
of friends, seniors, local trade associations and business travellers. Culture and heritage, adventure/outdoor,
and spa/wellness are the top preferred holiday options for consumers from Vadodara.
Thomas Cook’s Gold Circle Partner outlet at Vadodara, offers consumers end-to-end travel solutions with a
wide range of travel and travel related services, including: International & Domestic Holidays (Group Tours,
Personalised holidays, Cruises, etc.), Value Added Services like Travel Insurance; Visa Services, etc.
Contact Details
Thomas Cook (India) Limited
FF-1 - Urban Two,
Near Priya Cinema,
Opp Akshar Pavillion,
Bhayli, Vadodara - 391410
Ph: 9054739559, 0265- 4604949
Email: gcp.baroda@thomascook.in, premlatagujaran@gmail.com
Mr. Rajeev Kale, President & Country Head – Holidays, MICE, Visa, Thomas Cook (India) Limited said,
“Vadodara is a strong growth market for us at Thomas Cook India, and we have ear-marked this region as high
potential for our Holidays business. We are hence delighted to announce the opening of our Gold Circle Partner
franchise outlet at Urban Two’s commercial and residential hub for better customer accessibility. We intend to
accelerate demand while supporting our customers across segments including families, couples, group of
friends/young professionals, business travellers, local trade associations and more.”
He added, “Our Gold Circle Partner, Ms. Premlata Gujaran brings over 15 years of travel and tourism expertise. Her
extensive network will strengthen Thomas Cook India’s presence in this growing market.
We extend a warm welcome to our Vadodara based customers. We have just launched exciting offers and discounts
for the summer vacation season and our travel experts at our new outlet look forward to assisting customers from
Vadodara - to plan their much awaited holidays for 2022.”
About Thomas Cook (India) Limited: Set up in 1881, Thomas Cook India) Limited. (TCIL) is the leading omnichannel travel
company in the country offering a broad spectrum of services including Foreign Exchange, Corporate Travel, MICE, Leisure
Travel, Value Added Services, Visa and Passport services. It operates leading B2C and B2B brands including Thomas Cook,
SOTC, TCI, SITA, Asian Trails, Allied T Pro, Australian Tours Management, Desert Adventures, Luxe Asia, Travel Circle
International Limited (TCI 勝景遊), Sterling Holiday Resorts Limited, Distant Frontiers, TC Tours, Digiphoto Entertainment
Imaging (DEI), Go Vacation, Private Safaris East & South Africa
As one of the largest travel service provider networks headquartered in the Asia-Pacific region, The Thomas Cook India Group
spans 25 countries across 5 continents
TCIL has been felicitated with CNBC-TV18 & ICICI Lombard India Risk Management Award - Travel & Leisure Category 2022
& 2021, The Best Travel Agency – India at TTG Travel Awards 2019, The Best Outbound Tour Operator at the Times Travel
Awards 2019 & 2018 and Leading Company with Cutting Edge Travel Innovation at the Times Travel Awards 2018, Silver award
for Asia's Best Integrated Report (First Time) category at the Asia Sustainability Reporting Awards 2019, Best Risk Management-
Framework & Systems at the India Risk Management Awards 2019; Best Cash Management Solution – India at the Asset Triple
A Treasury, Trade, Supply Chain & Risk Management Awards 2018, Best Outbound Tour Operator at the SATTE Awards 2019,
Excellence in Domestic Tour Operations at the SATTE Awards 2018, The French Ambassador’s Award for Exemplary
Achievements in Visa Issuance 5 years in a row and the Condé Nast Traveller – Readers’ Travel Awards from 2011 to 2019.
CRISIL has reaffirmed the rating on debt programmes and bank facilities of Thomas Cook (India) Limited - ‘CRISIL A+/Negative
on the long-term bank facilities of TCIL and CRISIL A1 rating on the short-term bank facilities and short- term debt of the
Company.
For more information, please visit www.thomascook.in
Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited promotes TCIL by holding 70.58% of
its paid-up capital and is responsible for the execution of acquisition and investment opportunities.
About Fairfax Financial Holdings Limited: Fairfax Financial Holdings Limited is a holding company which, through its
subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Founded in 1985 by
the present Chairman and Chief Executive Officer, Prem Watsa, the company is headquartered in Toronto, Canada. Its common
shares are listed on the Toronto Stock Exchange under the symbol FFH and in U.S. dollars under the symbol FFH.U.
About Subsidiaries of Thomas Cook (India) Limited:

Sterling Holiday Resorts Limited, a wholly owned subsidiary of TCIL, is a leading Indian Leisure Hospitality company with 37
resorts across the country, providing a variety of offerings: Leisure holidays through FIT packages, Meetings & Conferences,
Weddings, Reunions, Picnics and Holidays through Memberships.
SOTC Travel Limited, a wholly owned subsidiary of TCIL, is a leading omnichannel travel and tourism company active across
various travel segments including Leisure Travel, Incentive Travel and Business Travel.
Travel Corporation (India) Limited (TCI), a wholly owned subsidiary of TCIL, is the leading Destination Management Company
in India that offers tailor-made travel and related services to India, Nepal, Bhutan and Sri Lanka.
Thomas Cook India Group holds 51% stake in DEI Holdings Limited (DEI), one of the world’s leading imaging solutions and
services providers.
For more information, visit:
Sterling Holiday Resorts Limited: http://www.sterlingholidays.com
SOTC Travel Limited: http://www.sotc.in
About SOTC Travel: SOTC Travel Limited (Formerly SOTC Travel Pvt. Ltd.) is a step-down subsidiary of Fairfax Financial
Holdings Group; held through its Indian listed subsidiary, Thomas Cook (India) Limited (TCIL). SOTC India is a leading
omnichannel travel and tourism company active across various travel segments including Leisure Travel, Incentive Travel and
Business Travel. SOTC was established in 1949. Since then, it has escorted lakhs of travellers across the globe for more than
70 years to various destinations around the world. A new age innovative holidaymaker, SOTC strives to make holidays a priority
for every Indian. ‘We are for holidays’ and we want Indians to prioritize their holidays.
Media Enquiries:
Suzanne Pereira | +91 98202 97665 | suzanne.pereira@thomascook.in
EljS COSMO FILMS
WSSI Engineered to Enhance
CFL/SEC/2022-23/MAY/05 May 10, 2022

The Manager (Listing) The Manager (Listing)
Bombay Stock Exchange Limited National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Plot no. C/1,G Block,
Mumbai-400001 Bandra - Kurla Complex
Scrip Code: 508814 Mumbai-400051
Security ID: "COSMOFILMS"
Sub: Investor Presentation

Regulations 2015, please find enclosed Investor Presentation on Operational and Financial
Perfonnance of the Company for the Quarter and Year ended on March 31, 2022. The Investor
Presentation is also being hosted on the website of the Company viz.,
https://www.cosmofilms.com/
You are requested to take the same on your records.

Thanking You
Yours faithfully
For Cosmo Films Limited
Jyoti it
Corn ny Secretary & Compliance Officer
End: a/a
CIN : L92114DL1976PLC008355 Cosmo Films Limited

1008, DLFTower-A, Jasola District Centre, New Delhi 110025, India
T : +911149494949 F: +911149494950 www.msmnfilm^ mm
A Perspective
Speciality Films, Polymer & Chemicals Company

Flexible Packaging I Lamination I Labeling I Synthetic Paper I Masterbatches I Specialty Chemicals I D2C Petcare
May 2022
Discussion Summary
 Why Cosmo Films?
 Key Focus Areas & Strategy –

 Specialty Films
 R&D & Sustainability
 Patents & trademark
 Specialty Chemicals
 D2C Pet Care
 Financials
 What Investors may expect?
 Annexure: Company Overview, India Industry Dynamics, ESG, CSR
1
Why Cosmo Films?
 Diversified company into Speciality Films, Polymer & Chemicals and a digital first, D2C Petcare business
 Speciality Films:
 Expanding Speciality portfolio (70% revenue; 18% annual growth in last 3 years). Target 80%+ revenue from
Speciality by 2023 end
 R&D & Sustainability focus (30+ highly qualified polymer/chemical scientists; Further expanding)
 Six current patents & another seven are in pipeline
 20% growth targeted from BOPET line (from FY22-23)
 29% ROCE and 39% ROE – March 2022
 Strong financials (net debt/EBITDA at 0.5 times, net debt/equity at 0.25 times)
 Credit Rating enhanced to AA- with stable outlook by CRISIL
 Speciality Chemicals:
 Masterbatch plant (1st line with 75% captive consumption & 25% outside sale). Expansion expected in FY23.
 Speciality Textile Chemicals – scale up in coming years
 Complimentary Adhesive business for Packaging, Lamination and Labels – under commissioning
 Target 25%+ ROCE business
 Petcare:
 Untapped Industry growing @ 30%+
 D2C Digital first Omni-channel presence in Products & Services
 ESG & Corporate Governance – ESG Initiatives & highest standard for corporate governance in place
2
Specialty Films …. Target 80%+ Revenue
 Grow specialty portfolio from 70% to 80%+ by 2023 end
 Each 1% shift in specialty adds EBITDA between Rs 4 to 5 crores
 Complimentary growth in Specialized BOPET Line (Shrink labels, Heat reduction films and
other high end specialty) – target 20%+ ROCE
 Investing resources on R&D & Sustainability:

 Increased R&D headcount to 30+ highly qualified members. Further enhancing R&D
capability
 Developed centralized R&D center at Aurangabad
 Driving & investing in several sustainability projects
3
Specialty Films
 Key Specialty Products:
 Globally among top four players in BOPP Specialty films
 Specialty Label Films – Second largest player in the World
 Thermal Lamination Films – World’s largest supplier
 Industrial Application Films – World’s largest supplier
 Newer growth areas for Specialty:

 Synthetic Paper – Durable alternate to paper. Global 100k MT market (India 6k MT) -
immense potential to grow.
 Sustainable solutions
 Future Pipeline:
 Direct Thermal Printable Film (first BOPP film producer to launch)
 Sustainable PVC free solutions for graphic applications
 Heat reduction films
 Shrink Label film
4
Specialty Films & Product Portfolio
SALES REVENUE FY 22
24%
16% 55%
14%
10%
PACKAGING FILMS LAMINATION FILMS LABEL FILMS INDUSTRIAL FILMS 50%
24%
o Print & Pouching o Thermal Lamination & o Pressure Sensitive o Synthetic paper
Films Wet Lamination Label stock films o Cable Overwrap
24%
o Tape & Textile Films o Special Application o Direct Thermal o Other Specialized Film
Lamination Films Printable films
o Barrier Films
o Premium Lamination o In-mould films
o Overwrap Films
Films o Wrap Around label
o Heat resistant Film Packaging Lamination Label Industrial
films
Films highlighted above in red color are Specialty Films, while with blue color include both specialty & non-specialty
Disclosure: All these are trademarks of respective Owners
5
Specialty Films: Some Products launched during recent quarters
100% Opaque Synthetic Paper
o A non tearable, co-extruded, white opaque and
Enhanced Barrier Metalized BOPP both sides matte coated film for dangler
Film application.
o Suited for packaging of biscuits, High Tear Resistant Synthetic Paper (CSP)
snacks, bakery products, chocolates o Originally designed for high tear resistant tag
and personal care products like applications. Also offers moisture, oil and
shampoo sachets etc. chemical resistance just like standard
synthetic paper.
White Cast Polypropylene (CPP) Film
o To address the issue of slippage of
layers over each other as having high Packaging
Coefficient of Friction (COF). Industrial
Films
Films
Lamination
Films
Label
Direct Thermal Printable Film
Films o A film specially designed for niche
applications like information labelling
Fragranced Lamination Films (airport baggage tags etc.), inventory
o Designed to slowly release a fragrance which tracking, frozen food labeling and parking
lasts for a long time. ticket applications.
High Scratch Resistant Metalized Film
o Specially designed for pressure sensitive
Antimicrobial Thermal Lamination Film
o Effective against a broad range of bacteria, label stock applications, the film delivers
inhibits germ growth and supports optimum spectacular print performance across a
hygiene. wide variety of printing processes like
flexography, silkscreen, foiling etc.
6
Specialty Films: Specialized BOPET Line
 Worlds’ largest line for Shrink Labels and Heat Control Films
 Shrink Labels – global market @ 130k MT
 Opportunity in India to convert non-recyclable PVC film market (30k MT)
 Project cost INR 400 crores (with value added assets) with 3-4 years payback
7
Research and Development – A Snapshot
Infrastructure Achievements
 R&D labs with most sophisticated  Recognition and certification by

equipment and instruments, one in India Department of Scientific & Industrial
& another one in USA. Research, Government of India.
 R&D resources increased to 30+ nos  Six current patents another seven in
during last 2 years. pipeline.
 The R&D team has PHD’s & Post Docs from  Multiple product development Awards
renowned universities in the USA and such as Worldstar, Asia Star, IFCA
Europe and PFFCA awards.
 Investment of 3M$+ in R&D center in last  Global experience in Packaging,

3 years Polymer Engineering, Biopolymers and
Nanomaterials.
 Screen, UV Flexo, Direct Thermal and
Thermal Transfer printers
8
ESG and Sustainability – Specific Focus Area
 Offer mono layered structure for ease of recycling
 Offer Oxo-Biodegradable Films,
 Use of Water Based Coatings,
 Innovated heat resistant BOPP film to facilitate mono material structure
 Several sustainability initiatives to:

 all plants are partially using renewable power as a source of energy
 reduce power consumption,
 rain water harvesting and reuse of effluent treated water.
 continuous efforts to reduce water generation, increase re-usage and GHG emissions.
 recycling of manufacturing waste,
 constant monitoring of parameters like noise, illumination, ventilation, air quality etc.
 rationalization of containers & trucks space to optimize loading etc.
 Overall target cost rationalization by INR 30-40 crores p.a.
 Planted 5k trees – target one lakh trees plantation
 Partnering with some of the best global brands to offer structure rationalization
9
ESG Initiatives
Detailed Sustainability report is available on Company’s website
10
ESG Initiatives (Contd..)
Detailed Sustainability report is available on Company’s website
11
Specialty Chemicals - Masterbatch
 India Industry size 500k mt
 Industry growing by 11% pa
 Masterbatch is a concentrated mixture of pigments and additives used for imparting

specific desired properties and coloring in plastic. These are further used in
compounding.
 Cosmo plans to produce all masterbatches for captive use and niche specialty focused for
outside sale
 Some recently developed masterbatches include white masterbatch, anti-stat (with 30%
concentration), master batch for blown films etc.
 Target to reach 10% of Company's consolidated revenue in 3-5 years from

masterbatches with consistent 25% ROCE
12
Specialty Chemicals – Textile Applications & Adhesive
 Specialty Textile Chemicals:
 India Industry size USD 1.4 billion

 Industry growing by 12% pa
 the Company has commercialized 56 products and has started supplies to 40+ customers
 Cosmo plans to cater to niche specialty focused either to address current problem area for
the Industry or significantly better product compared to currently available
 Forayed into the FMCG industry with the launch of ‘Fabritizer’, a product which assures a
99.9% protection against viruses and bacteria on clothes
 Many of the textile chemicals products have already received prestigious GOTS approval
 Adhesive is planned to kick start from FY22:
 Global Industry is about USD 52 billion and is growing by 5%

 India Industry is about USD 3.5 billion and is growing by 8%-10%
 Cosmo plans to launch products in niche areas
 Target to reach 10% of Company's consolidated revenue in 3-5 years from specialty
chemicals with consistent 25%-30% ROCE
13
Petcare Vertical – The Industry
India Petcare Market
Rs 10000 Cr
22%
Rs 5100 Cr
19%
Rs 3250 Cr
FY 2014 FY 2020 FY 2025
• India is the fastest-growing pet markets (@22%) in

the world and the market is projected to cross
• Petcare is one of the fastest growing category world $500 million in 2020.
wide.
• Pet penetration currently at 10% in metros is reflecting
• Pet penetration in developed markets like US & UK is
fastest growth in last 4 years.
more then 68% and growing.
• There has been growth in all categories namely pet food,
grooming, pharmaceuticals, toys and accessories.
14
Petcare Vertical- Business Plan
 India Petcare industry is at INR 7k crores & growing at 22% CAGR due to smaller families, rising
income levels and limited social lives (especially post Covid-19).
 No large scale organized players in India offering end to end comprehensive solution to the
customers. The Industry size, low penetration and high potential for growth provides a clear
business opportunity.
 To tab the opportunity, we have planned a structured technology savvy platform to address all
needs of pets. Accordingly, the Company has launched Pet care in Q2, FY22 with simultaneous
launch of website, first mobile van and its flagship stores under the brand name “Zigly” which will
provide a unique value proposition to Pet Parents with Omni-channel presence.
 D2C Omni channel business model to address pets need at every stage of life.
 Plans to launch 15-20 nos experience centers during FY23 and enhance online presence.
 Plan to demerge Petcare vertical into separate company in medium term.
15
Financials
INR Crs
Audited Q4 FY 21-22 Unaudited Q3 FY 21-22 Audited Q4 FY 20-21
Particulars
Standalone Consolidated Standalone Consolidated Standalone Consolidated
Net Sales 730 821 739 771 606 672
EBIDTA 146 165 132 161 112 126
EBIDTA % 20% 20% 18% 21% 18% 19%
PBT 119 135 111 138 90 101
PAT 93 108 79 104 65 74
EPS* 175 222 159 203 116 127

Book Value 608 665 566 614 447 458
*EPS is calculated on the basis of trailing 12 months results
Key Highlights – Q4, FY21-22 Results

Q4FY22 EBITDA has increased by 31% on the back of higher speciality sales, better operating margins
and uptick performance by subsidiaries. Enhanced EBITDA together with lower effective tax rate led to
increase in PAT by 45%.
In coming years, the Company’s growth will be driven by Films Division (Specialized Polyester line,
largest CPP and BOPP line) as well as growth into consumer care, specialty chemicals & D2C Pet care
business.
16
Financials – Some recent years
INR Crores
Audited FY 19-20 Audited FY 20-21 Audited FY 21-22
Particulars
Standalone Consolidated Standalone Consolidated Standalone Consolidated
Net Sales 2,032 2,204 2,083 2,285 2,824 3,038
EBIDTA 262 280 398 430 526 620
EBIDTA % 13% 13% 19% 19% 19% 20%
PBT 163 163 305 329 430 517
PAT 114 113 216 237 313 397
EPS 60 59 116 127 175 222

Book Value 389 387 447 458 608 665
Key Highlights – FY22 Results

During FY22, PAT has been increase by 68% on the back of higher speciality sales, better operating
margins, and uptick performance by subsidiaries.
Credit rating agency CRISIL has upgraded Company’s long term credit rating recently to AA- and
short term credit rating to A1+ with a stable outlook re-affirming strong financials.
Other key financial parameters like ROCE (29%), ROE (39%) and net debt to EBITDA (0.5 times) are
17 one of the best in the industry.
Financials - ROCE & ROE
ROCE and ROE are on increasing trend ….
ROCE % ROE %
39%
29%
22% 30%
14%
16%
9% 9%
Mar-19 Mar-20 Mar-21 Mar-22 Mar-19 Mar-20 Mar-21 Mar-22
18
Financials - Total Shareholders’ Return
Consolidated net worth and book value per share
1,191
854
741
620
680 655
573 458
488 381
381 295 319 350
196 251
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22

Global Net Worth (INR Crores) Book Value per Share
Consistent dividend payout record

Dividend (% to PAT)
40% 30%
30% 20% 22% 22% 24% 21% 20%
17%
20%
10%
0%
Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
Dividend include DDT

19
Financials - Consolidated Net Debt
Net Debt is coming down even with Capex. At March 2022, net debt/EBITDA is at 0.5 times
and net debt to equity at 0.3 times
Net Debt
800 759
727
700
618
584
600
485
500 438 455
400
303
300
200
100
-
Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22
20
Key Capex & Expansion Plan
Films Business:
Estimated
Annual Capacity Estimated Commercial
S. No. Capex Project Capex
(MT) Production by
(INR Crs)
1 Specialized BOPET Line with value add assets 400 30,000 Q2, FY23
2 BOPP Line (world's largest line) 350 67,000 FY 2024-25
3 CPP film Line 140 25,000 FY 2024-25
Total 890
Other Businesses:
 Specialized Chemicals (scaling up planned during FY23 for capex done in FY22)
 D2C Pet Care businesses (15-20 nos of experience centers and enhanced online business during
FY23)
21
What Investors may expect?
 Flexible Packaging Business: Transformation into primarily specialty films company
with consistent 20%+ ROCE
 Specialty Chemicals: 20% revenue with 25%+ ROCE in about 5 years
 Petcare: Build and demerge the business vertical in medium term to drive
shareholders valuation
 Going forward B2B segment (speciality films, packaging films, specialized BOPET line,
speciality chemicals) and B2C segments (D2C Pet Care and selective Speciality
chemicals) will drive growth.
22
Annexure: Company Overview
23
Company Overview
Strong History & Leading Position Global Leader in Thermal Lam Films Unique Proposition
 Established in 1981, Cosmo Films  With the acquisition of GBC  Uniquely positioned with good mix
Ltd.is the pioneer of BOPP Films Commercial Print in June of specialty and commodity films.
Industry in India. 2009, Cosmo is now the  Widest product portfolio under one
 Promoted by Mr. Ashok Jaipuria, the world’s largest producer of roof.
company is also the largest BOPP thermal lamination films.  Multiple lines allowing dedicated
film exporter from India. runs for speciality films.
Production Facilities Strong Export Footprints Strong Financials

Units in India & Korea with annual
installed capacity as follows:  Leading BOPP Films exporter from  Continuous growth and
 BOPP Films: 196K MT India with export to more than 100 profitability track
 Thermal Films: 40K MT countries . record.
 Coated Specialty Films:20K MT
 Metalized Films:22K MT
 CPP Films: 10K MT
 Masterbatch: 10k MT
Corporate Governance & Strong R&D Focus Certification, Awards & Recognition
Professional Management  Collective R&D experience of over 100  ISO 9001:2000
 Strong Independent board years.  ISO 14001:2004
 High on Corporate Governance  Six current patents another six in  British Retail Consortium (BRC)
 Professional Management pipeline.  American Institute of Baking (AIB)
 CII Excellence Award for 5S
 Winner of several product innovation
awards viz. PFFCA, Asia Star etc.
24
Company Overview - Milestones
 Petcare
 Textiles
►2016: CPP line-1 chemicals
►2012: 2nd
coating line ►2017: 10th BOPP 2022
line
►2013: 9th BOPP
►Established in 1981, Cosmo Films Ltd.is the line 2016-17
pioneer of BOPP Films Industry in India; ►2014: 3rd
coating line 2023
►2010: 2nd Specialized
►Itgradually scaled up the operations
accompanied by couple of acquisitions ►3rd and 4th extrusion metallizer line 2012-14 BOPET Line
coating line; ►2011: Korea plant 2018-20 2021
►1st coating line; ►2018: CPP line-2
2010-11
►Gas based electricity ►2020: 6th coating
generation unit 2015 line Masterbatch
Line-1
►Acquired Gujarat ►4th and 5th coating
2006
line; 3rd metallizer
Propack Ltd line; Upgradation of
2009 US plant
►1996: 3rd BOPP line 2002
►2001: 4th BOPP line ►Acquired GBC
2007-08
commercial
1996-01 ►8th BOPP line
►2007: 5th extrusion ►Cosmo Films Ltd, acquired the GBC Commercial
coating line Print Finish business of ACCO Brands Corporation
2003-05 ►2008: 6th and 7th of USA in June 2009;
extrusion coating line
►2003: 5th BOPP line ►The acquisition was made through its
1981-88 ►2004: 6th BOPP line; 1st Netherlands subsidiary, CF Holdings Ltd. BV to
extrusion coating line; 1st become the world’s largest producer of thermal
metallizer line lamination films
►2005: 2nd extrusion coating line
►1981: 1st BOPP line

►1988: 2nd BOPP line
25
Company Overview - BOPP EDGE
MOISTURE BARRIER CHEMICALLY INERT LOW COF AND LOW SIT HEAT SEALABILITY EXCELLENT CLARITY &
Better Shelf Life, Suitable For Food & Good Machinability Suitable For Flexible HIGH GLOSS
Guard Sensitive Pharma At High Speeds Packaging Better Aesthetics
Products
LOW MELTING POINT & VERSATILE IN NATURE

LOWEST DENSITY
MOLECULAR WEIGHT Additives Can Lead To
Higher Yield
Fully Recyclable Various Modifications
Environment Friendly & High Performance
26
Company Overview - Manufacturing Footprint
NUMBER OF LINES
BOPP Thermal Coating Metalizing CPP
Waluj, Aurangabad, India 5 Lines 2 Lines 3 Lines 1 Line 1 Line
Karjan, Vadodara, India 3 Lines 1 Lines 2 Line 1 Line
Shendra, Aurangabad, India 1 Line 5 Lines 2 Line 1 Line
PLANTS
Asan, Korea 1 Line
TOTAL INSTALLED CAPACITY 1,96,000 TPA 40,000 TPA 20,000 TPA 22,000 TPA 10,000 TPA
Waluj, India Shendra, India Karjan, India Asan, Korea
27
Company Overview - Customer Base
CANADA
GERMANY
US
KOREA
JAPAN
CHINA
INDIA
Sales FY 21-22
46% Export
54% Domestic
Manufacturing Locations
Sales Offices-Other than
manufacturing locations
28
Company Overview - Key Customers

29
Company Overview - Some of the brands we service

30
India Industry Dynamics and Capex Strategy
Data Source: AMI/PCI/Other Independent Research and

Industry Sources
31
Company Overview - Initiatives to improve Quality Culture
 Implemented Six Sigma System at the organizational level to  Initiated small quality improvement projects with lower level
improve quality culture. cross functional teams to reduce customer quality complaints.
 15 people trained as six sigma green belts last year, completed 10  Started shop floor technical training for sales & marketing team
projects covering quality, cost reduction and process for better understanding of product applications and
improvements. manufacturing processes.
 Second batch of six sigma underway, new projects initiated.  Got A grade rating from two of major customers during plant
quality audit.
 Implementation of 5S at shop floor is underway to make Cosmo
shop floors world class.  Customer complaint weekly QA meeting has been started and has
been adding value to the quality management system.
 Taken initiatives like double door system on each door, automating
door closures etc.  Initiated sharing product success stories for publishing on social
media.
 Green rating awarded by EcoVadis Sustainability Ratings
 Developed online COA (Certificate of analysis) generation
 Initiated lean manufacturing from our Karjan unit which shall be application in SAP for all three units to provide system generated
horizontally deployed at all three locations. COAs to customers.
Cameras are installed on BOPP, Coating and Extrusion Coating Lines to detect inline defects and then rectify them
32
Some Recent Achievements
FY 2021-22
• Bagged CII National Level Scale award for Supply Chain and Logistics Excellence
• IFCA Star Award under the innovations category for the Heat Resistant BOPP Film & CPP Specialized Film
• SIES SOP Star Awards for its one side printable and other side barrier coated facestock Film, Liner less
Label Films and Both side Top Coated Films
FY 2020-21
• Bagged CII National 5S Excellence Awards 2020
• Best exporter awards in Aurangabad region under Nagpur Custom Commissionerate
• WordStar Packaging Award 2021 in the Beverages category for Serializable Conduction Sealing Film
• WorldStar Global Packaging Award 2021 in the Packaging Materials and Components category for CPP High
Barrier Films
FY 2019-20
 Ranked as 10th in the list of Fortune’s Next 500 midsize companies
 Brand Excellence Awards for Effective Use of Marketing Communication & for Engineering, Research and
Development Sector
 Received the Best Employer Award at the 14th Aurangabad Employer Branding Awards
33
Board of Directors
Mr. Ashok Jaipuria Mr. A. K. Jain Mr. H. K. Agrawal

Chairman & Managing Director Whole Time Director Independent Director
Our founder Chairman & Managing Director Mr. Jain has over four decades of Mr. Agrawal has over four decades of
has more than 40 years of experience of experience in Finance and Accounts and experience in the fields of Strategic
the Corporate World. He is a Member of General Management functions in Management, Organization Structure,
the Executive Committee of the FICCI, industrial enterprises in India. Mr. Jain is Finance and Training. He is an independent
president of the Golf Foundation, a a Commerce Graduate from Meerut Management Consultant. Mr. H.K. Agrawal is
member of the University and an AICWA from ICWAI a Mechanical Engineer from University of
Board of Governors of IIT- Patna and among and a Certified Information System Jodhpur and MBA from Indian Institute of
the Board of Directors of DPS, Gurgaon. Auditor from Information System Audit Management, Ahmedabad.
and Control Association, USA.
34
Board of Directors (Contd..)
Ms. Alpana Parida Mr. Pratip Chaudhuri Mr. H. N. Sinor

Independent Director Non Executive Non Independent Director Independent Director
Mr. Pratip Chaudhuri holds a BSc. (Hons) Degree Mr. H. N. Sinor has been a veteran banker, having
Ms. Alpana Parida has more than two decades of from St. Stephen's College, Delhi University and spent over four decades in public as well as private
extensive experience in retail and marketing MBA from University Business School, sector banks like Union Bank of India, Central Bank of
communication in the US and in India. Ms. Alpana Chandigarh. He is a Certified Associate of Indian India and ICICI Bank. He was MD and CEO of
Parida graduated from IIM-Ahmedabad in and has a Institute of Bankers (CAIIB). ICICI Bank and after ICICI’s merger with ICICI Bank,
degree in Economics He retired as Chairman of State Bank of India, became Joint MD until his superannuation.
from St. Stephens, Delhi University. Currently she is which is India's largest Bank. He is currently He is also associated with various charitable and
the President of DY Works, India’s oldest and serving on the other trusts engaged in social activities.
largest Branding Firm headquartered in Mumbai. Board of several leading Companies.
35
Board of Directors (Contd..)
Mr. Anil Wadhwa Mr. Rakesh Nangia Mr. Arjun Singh

Independent Director Independent Director Independent Director
Mr. Rakesh Nangia is a well known tax veteran, having Arjun Singh is currently the Managing Director for
Mr. Wadhwa is an Ex- Member of the Indian Foreign Asia and the head of Envestnet | Yodlee's growing
close to 4 decades of experience in advising Fortune
Services. He holds a Masters Degree in History with operations in India. With more than 25 years of
500 multinationals and Indian Business houses on a
specialization in Chinese History and Medieval Indian experience of running and growing businesses, he
wide range of matters. He is currently the Founder and
History and Architecture. He has served as Indian has held senior roles at Aon Hewitt in Asia, WNS,
Managing Partner of Nangia & Co LLP and Chairman of ABN AMRO Bank in Amsterdam, GE Capital
Ambassador to Poland, Lithuania, Sultanate of Oman,
Nangia Andersen Consulting Pvt. Ltd. He has been the Information Services, and ANZ Grindlays Bank in
Thailand, Italy and San Marino. He has also served as Delhi and Melbourne. Under his leadership, the
National President of The Indo-Canadian Business
a Permanent Representative of India to the Rome Envestnet | Yodlee India operation has grown to
Chamber and presently serves as the Co-Chairman at
based UN Agencies—FAO,IFAD and WFP. He was over fourteen hundred employees, with continually
ASSOCHAM's International tax council. He is also
Secretary (East) in the Ministry of External Affairs in expanding international sales.
associated with the Indo-American chamber for He has done MBA from IIM Calcutta and a Bachelor’s
New Delhi from 2014-2016 looking after South-East
commerce. He is a council member of PHD chambers, degree in chemical engineering from IIT, Bombay.
Asia, Australasia and Pacific, Gulf and West Asian He is passionate about education and is a trustee at
member of CII's national committee on Taxation and
regions. He was also the leader of the Senior officials the Om Foundation School for underprivileged
member of FICCI's Council for Taxation.
to all meetings of ASEAN, ASEM, ACD, Arab League, children, and was a Board member of the Welham
Mekong- Ganga Cooperation, ARF and East Asia Girls School. He is also on the Advisory Board for
SHRM in India.
Summit.
36
Senior Management
Mr. Pankaj Poddar Mr. Neeraj Jain Mr. Sanjay Chincholikar

Chief Executive Officer Chief Financial Officer Head- Operations (India Films Business)
Mr. Pankaj Poddar’s career spans over a period of Mr. Neeraj Jain has over two decades of Mr. Sanjay Chincholikar's career spans over three
more than two decades in finance, advisory, experience in finance, business planning, business decades in the field of manufacturing,
assurance and various leadership as well as strategy, taxation and risk management. Neeraj engineering, projects, quality control ,
management roles. Before joining Cosmo, Pankaj is with the Cosmo Films from March 2013 and has application and business development , sales and
has worked with automotive & FMCG industries. worked with Havells, Aditya Birla Management marketing and various leadership as well as
His last stint was with Avon Beauty products as Corporation and Bajaj Allianz on different management roles. In his current role, he heads
―Director Finance. Pankaj has also worked as the leadership roles before joining Cosmo Films. He is Operations of India Films Business and is
India CFO for Delphi Automotive Systems, a Bachelor of Commerce from Delhi University, a responsible for Manufacturing, Engineering,
Regional Head Assurance Services for Reckitt qualified Chartered Accountant and a Certified Research & Development, Quality Assurance and
Benckiser and Manager Advisory & Assurance Information Systems Auditor (CISA) from ISACA, Technical Services Function. Sanjay is a
Services in Ernst & Young. Pankaj is a B.Com (H) USA. Mechanical Engineer as well as a B.COM graduate.
from SRCC, qualified Chartered Accountant and He is a post graduate in Sales and Marketing and
holds a diploma in management. Awarded Indian holds a Diploma in management, business &
CEO of the Year – 2016 by Brand Summit India. factory management. He is also a certified Energy
Manager by Bureau of Energy Efficiency,
Government of India.
37
Shareholding Pattern
Top Non-Promoter Shareholders*:
1. M/s Cosmo Films ESOP 2015 Trust 1.1%

2. M/s Acadian Emerging Markets 0.9%
3. M/s Aequitas Equity Scheme - I 0.8%
4. M/s Aequitas Investment Consultancy 0.7%
5. Ms. Dolly Khanna 0.6%
6. Mr. Vikas Mehra 0.6%
7. Ms. Shivani Tejas Trivedi 0.6%
8. Ms. Manishaben Jintendrabhai Lakhani 0.5%
9. Ms. Anishya Obhrai Madan 0.3%
* As at March 31, 2022
38
Corporate Social Responsibility
Some of the Flagship Programs
(Education to 20,000+ Students)
Computer Literacy Program Basic English Learning Program Cosmo Gyan Vihar Kendra
Covers 4,000 students from Implementation in 8 primary schools Identifies, enrolls and grades
class I to XII every year with 1,500 students 2,500+ students from
Class I to VII every year to strengthen
their reading & writing skills
 National Award for Excellence in CSR & Sustainability -2015 in the category "Education Improvement”
 Asia Pacific Enterprise Leadership Award -2013 in the category Commitment to Philanthropy
 Africa CSR Leadership Award-2012 in the category improvement of Education
 "Transforming young lives through technology": An evaluation of the impact of the Computer Literacy Program in rural areas of Vadodra
district - A paper Presented in Global Evaluation Conclave, New Delhi in 2010
39
Disclosure
Certain statements in this presentation are ―forward-looking statements. These statements are based on management’s current expectations and are subject to
uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results other financial condition may differ
materially from those included in these statements due to a variety of factors. Any forward-looking statements made by or on behalf of Cosmo Films speak only as to
the date they are made, and Cosmo Films does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the
date the forward- looking statements were made.
40
Thank you
www.cosmofilms.com
Date: 10th May, 2022
To To
The Listing Department The Listing Department
P] Towers “Exchange Plaza” C-1, Block G
Dalal Street Bandra- Kurla Complex, Bandra (E)
Mumbai - 400 001 Mumbai- 400051
BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE
Dear Sir / Madam,
Sub: Announcement under Regulation 30 of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015 - Press Release
Please find enclosed herewith our Press Release titled “Wins a multi-year export order
worth INR 1050 million per annum from a leading Trailer Manufacturers in the USA”.
This is for your kind information and records.
Thanking You.
Yours truly,
Rajesh Mundhra
Company Secretary
Enci.: As above
SCRUM mee) re) NT ela ates

PHONE : {+91 33)4082 0900 / 7122 OS00, FAX : (+91 33)4082 0998 / 7122 0998, EMAIL : info@ramkrishnaforgings.com, WEB : www.ramkrishnaforgings.com
CIN NO. :L74210WB1981PLC034281
Wins a multi-year export order worth INR 1050 million per annum from
a leading Trailer Manufacturers in the USA
May 10, 2022, Kolkata: Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged
and machined products has received a multi-year export order worth INR 1050 million per annum
from the a leading manufacturer of chassis-related systems and components primarily for trailers as
well as for trucks and buses in the USA. The Supplies is expected to commence fram CY -2023.
Commenting on the order win Mr. Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings
Limited said: “We have received another order in the United States from one of the largest trailer
manufacturers thereby cementing our strong presence in the country. This order win validates our
strong technical and R&D capabilities, product quality, operational excellence, and continuous hard
work of our team. We are witnessing an increasing acceptance of products by a diverse range of
customers across segments and geographies. We are continuing our growth trajectory as a result of
new orders, client additions, and anticipated repeat orders which should propel us towards our
strategic priorities of improving revenue mix as well as operational efficiencies leading to better
profitability and in-turn will help us achieve our goal of being net debt free.”
About Ramkrishna Forgings Limited
Ramkrishna Forgings was incorporated in 1981 with the objective to manufacture forged products.
The Annualized installed capacity after commissioning of Hollow Spindle Line, a new 7000 Ton Press
Line, a 2000 Ton warm/hot Forming Press and a fabrication facility is 187,100 MT. Headquartered at
Kolkata, the company has state-of-the-art manufacturing facilities at Jamshedpur along with offices at
Detroit in USA, Toluca and Monterrey in Mexico, Istanbul in Turkey having warehousing facilities at
Hagerstown, Louisville, Detroit in USA, Toluca, Monterrey in Mexico and Westerloo in Belgium. Over
the years, the company increased its forging and die making capacities and added machining and heat
treatment facilities, including isothermal annealing, which enabled it to undertake manufacturing of
components for OEMs and Tier 1 companies. The Company is certified in terms of TS 16949, OSHAS
18001 and ISO 14001 and is a manufacturer & supplier of closed die forgings of carbon and alloy steel,
micro alloy steel and stainless steel forgings which can be supplied in As Forged + Heat Treated +
Machined and Fully assembled condition as per the customer's requirement.
The Company is suppliers to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil
& Gas, Power and Construction, Earth Moving & Mining, both in India & overseas markets. The
Company is a critical safety item supplier for undercarriage, Bogie & Shell parts for railway passenger
coaches and locomotives. It is a preferred supplier to OEMs like TATA Motors, Ashok Leyland, VE
Commercial and Daimler in India and to Volvo, Mack Trucks, lveco, DAF, Scania, MAN, UD Trucks and
Ford Otosan in the overseas markets. It supplies globally to Tier 1 axle manufacturers like Dana,
Meritor and American Axles.
Safe Harbour
THIS INVESTOR RELEASE (iS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY
SECURITIES OF RAMKRISHNA FORGINGS LIMITED (THE “COMPANY"} OR ITS SUBSIDIARIES (TOGETHER
WITH THE COMPANY, THE “GROUP’)
The material that follows is a Investor Release of general background information about the
Company’s activities as at the date of the Investor Release or as otherwise indicated. It is information
given in summary form and does not purport to be complete and it cannot be guaranteed that such
information is true and accurate. This Investor Release has been prepared by and is the sole
responsibility of the Company. By accessing this Investor Release, you are agreeing to be bound by the
trading restrictions.
It is for general information purposes only and should not be considered as a recommendation that
any investor should subscribe to or purchase the Company’s equity shares or other securities. This
Investor Release includes statements that are, or may be deemed to be, “forward looking statements”.
These forward-looking statements can be identified by the use of forward-looking terminology,
including the terms “believes”,” estimates”," anticipates”,” projects’,“ expects’,“ intends”, may”,”
ott a ott i} ft
will’,“ or “ or, in each case, their negative or other variations or comparable terminology, or by
discussions of strategy, plans, aims, objectives, goals, future events or intentions. These forward-
looking statements include al! matters that are not historical facts. They appear in a number of places
througheut this Investor Release and include statements regarding the Campany’s intentions, beliefs
or current expectations concerning, amongst other things, its results or operations, financial
condition, liquidity, prospects, growth, strategies and the industry in which the Company operates. By
their nature, forward looking statements involve risks and uncertainties because they relate to events
and depend on circumstances that may or may not occur in the future. The factors which may affect
the results contemplated by the forward-looking statements could include, among others, future
changes or developments in the Group’s business, (the Group’s regulatory and competitive
environment, and (political, economic, legal and social conditions in India or the jurisdictions in which
our Group operates. Forward looking statements are not guarantees of future performance including
those relating to general business plans and strategy of the Company, its future outlook and growth
prospects, and future developments in its businesses and its competitive and regulatory environment.
No representation, warranty or undertaking, express or implied, is made or assurance given that such
statements, views, projections or forecasts, if any, are correct or that the cbjectives of the Company
will be achieved.
There are some important factors that could cause material differences to Company's actual results.
These include our ability to successfully implement our strategy, changes in regulatory norms
applicable to the Company, changes in technology, investment income, etc. The Company, as such,
makes no representation or warranty, express or implied, as to, and does not accept any responsibility
or liability with respect to, the fairness, accuracy, completeness or correctness of any information or
opinions contained herein. The information contained in this Investor Release, unless otherwise
specified is only current as of the date of this Investor Release. The Company assumes no responsibility
to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent
development, information or events, or otherwise. Unless otherwise stated in this investor Release,
the information contained herein is based on management information and estimates. The
information contained herein is subject to change without notice and past performance is not
indicative of future results. The Company may alter, modify or otherwise change in any manner the
content of this Investor Release without obligation to notify any person of such revision or changes.
This document is just an Investor Release and is not intended to be and does not constitute a “ or
“offer document” or a “private placement offer letter” or an “offering memcrandum” or an“ or a
solicitation of any offer to purchase or sell any securities. It is clarified that this Investor Release is not
intended to be a document offering for subscription or sale of any securities or inviting offers from
the Indian public (including any section thereof) or from persons residing in any other jurisdiction
including the United States for the subscription to or sale of any securities including the Company’s
equity shares. No part of it should form the basis of or be relied upon in connection with any
investment decision or any contract or commitment to purchase or subscribe for any securities.
This document has not been and will not be reviewed or approved by a regulatory authority in India
or by any stock exchange in India. This document and its contents should not be forwarded or
delivered or transmitted or disseminated in any manner to any person other than its intended
recipient and should not be reproduced or copied in any manner whatsoever.
For further information, please contact:
Company: Investor Relations Advisor:
S G Ams Growth Advisors
Ltt
Ramkrishna Forgings Ltd. Strategic Growth Advisors Pvt. Lid.

CIN: L74210WB1981PLC034281 CIN: U74140MH2010PTC204285
Mr. Lalit Kumar Khetan Mr. Jigar Kavaiya/ Pratik Shah
Executive Director & CFO
E: lalit.khetan@ramkrishnaforgings.com E: jigar.kavaiya@segapl.net / p.s. shah@sgapl.net
T: +91 9920602034 / +91 9870030585
www. ramkrishnaforgings.com www.sgapl.net

CMSINFO/2205/007 May 10, 2022
To
Listing Department, Exchange Plaza, C-1, Block-G,
1st Floor, PJ Towers, Dalal Street, Bandra Kurla Complex, Bandra (East),
Fort, Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 543441 Symbol: CMSINFO
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)
Dear Sir/Madam,
Pursuant to Regulation 30 of Listing Regulations, please find attached the audio recording of post
result conference call held at 5.00 p.m. (IST) on (Tuesday), May 10, 2022 on Audited Financial
Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31,
2022.
The link to access the said audio recording is: https://www.cms.com/financial-and-results.php
You are requested to kindly take the same on your record.
Thanking You,
Yours faithfully,
For CMS Info Systems Limited
CS Praveen Soni
(Membership No. FCS 6495)
Regd. Office: T-151, 5th Floor, Tower No.10, Sector-11, railway station complex, CBD Belapur, Navi Mumbai- 400 614 | T: +91-22-4889 7400 | F: +91-22-4889 5177
CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: contact@cms.com
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PDSL/SE/2022-23/122 May 10, 2022
Listing Department Corporate Relationship Department

Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (E), Dalal Street,
Mumbai -400 051 Mumbai- 400001
Scrip Symbol: PDSL Scrip Code: 538730
Re: ISIN - INE111Q01013
Sub: Intimation of Acquisition under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Dear Sir/ Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to
inform you that one of the Subsidiary, Recovered Clothing Limited, incorporated under the laws of England and Wales,
has entered into Share Purchase Agreement dated May 9, 2022 with Mr. David Charles Colwill to acquire shares of Sunny
Up Limited, a company incorporated under the laws of England and Wales.
The additional details in relation to the said acquisition as required pursuant to SEBI Circular No. CIR/CFD/CMD/4/2015
dated September 9, 2015, is enclosed herewith as Annexure-A.
We request you to kindly take the above information on record for the purpose of dissemination to the shareholders.
Thanking you,
Yours faithfully,
for PDS Limited
(Erstwhile PDS Multinational Fashions Limited)
�J-
Abhishekh Kanoi
Head of Legal & Company Secretary
ICSI Membership No.: F-9530
Encl.: As above
PDS Limited
Corporate Office: Unit No. 971, Solitaire Corporate Park, Andheri Ghatkopar Link Road, Andheri East, Mumbai 400093, Maharashtra, India. 0 +91 2241441100
Registered Office: No. 758 & 759, 2nd Floor, 19th Main, Sector-2, HSR Layout, Bangalore 560102, Karnataka, India. 0 +91 8067653000
CIN: L18101KA2011PLC094125 @ www.pdsmultinational.com G) info@pdsmultinational.com

DISCLOSURES PURSUANT TO SEBI CIRCULAR CIR/CFD/CMD/4/2015 DATED 9TH SEPTEMBER, 2015
Annexure A
Disclosure for the proposed acquisition by a Subsidiary of the Company, Recovered Clothing Limited
Sl. Particulars in respect of the Event Details/Information of the Event

No.
1 Name of the target entity, details in brief Sunny Up Limited
such as size, turnover etc.
Size:
Issued and Paid-up Capital of
GBP 100 Ordinary Shares of GBP 0.01 each
and
GBP 25 Ordinary A Shares of GBP 0.01 each.
Turnover: GBP 1.38 Mn (October 2020)
2 Whether the acquisition would fall within No

related party transaction(s) and whether
the promoter/ promoter group/ group
companies have any interest in the entity
being acquired? If yes, nature of interest
and details thereof and whether the same
is done at “arm’s length”
3 Industry to which the entity being acquired Sunny up is a Contemporary Fashion

belongs. Design and Distribution Company
Specialising in Brand Development and
Marketing.
4 Objects and effects of acquisition. Sunny Up has license of a well-known

(including but not limited to, disclosure of brand Stan Ray and other distribution
reasons for acquisition of target entity, if its rights which will enhance our portfolio and
business is outside the main line of improve our offering to the customers.
business of the listed entity)
5 Brief details of any governmental or No governmental or regulatory approval

regulatory approvals required for the required.
acquisition.
�J-
6 Indicative time period for completion of On or before September 30, 2022
the acquisition.
7 Nature of Consideration Cash Consideration
PDS Limited

8 Cost of acquisition or the price at which the GBP 1,062,500

shares are acquired.
Price of Shares:
GBP 0.01 Per Share (Face Value) and
GBP 10,624.99 per share premium
9 Percentage of shareholding / control 100% shareholding consisting of 100

acquired and / or number of shares Ordinary Shares of GBP 0.01 each.
acquired.
10 Brief background about the entity acquired Sunny Up Ltd., a company incorporated
in terms of products/line of business and registered in England and Wales with
acquired, date of incorporation, history of company number 09285991, whose
last 3 years turnover, country in which the registered office is at Unit 1 Chivenor
acquired entity has presence and any other Business Park, Barnstaple, Devon, United
significant information. Kingdom, EX31 4AY.
The Company has been incorporated in UK

on October 29, 2014.
Disclosure of turnover for last 3 (three)

years:
October 2020: GBP 1.38 Mn
Countries of presence: UK and EU
for PDS Limited

�J-
Abhishekh Kanoi
Head of Legal & Company Secretary
ICSI Membership No.: F-9530
PDS Limited

TSLPL/SE/2022-23/21
May 10, 2022
The Secretary, Listing Department The Manager – Listing Department

Phiroze Jeejeebhoy Towers “Exchange Plaza”, 5th Floor, Plot No. C/1,
Dalal Street G Block, Bandra-Kurla Complex,
Mumbai 400 001 Bandra (East), Mumbai 400 051
Scrip Code: 513010 Symbol: TATASTLLP
Dear Madam, Sirs,
Sub: Voluntary liquidation of TSIL Energy Limited, a wholly owned Subsidiary of Tata
Steel Long Products Limited
We would like to inform that TSIL Energy Limited (“TSILEL”), a wholly owned subsidiary of
Tata Steel Long Products Limited (“TSLP”/“Company”) was incorporated on November 20,
2012, primarily for electric power generation, transmission and its distribution. However, the
Company could not commence any business activity since its inception.
The Members of TSILEL at its Annual General Meeting held on September 25, 2021, by
way of a Special Resolution, approved initiation of voluntary liquidation of TSILEL and
appointed a Liquidator, authorizing him with all powers required pursuant to the applicable
provisions of the Companies Act, 2013 and The Insolvency and Bankruptcy Code, 2016, for
effectively discharging the duties pertaining to the process of voluntary liquidation of
TSILEL.
The Liquidator of TSILEL had, on February 14, 2022, filed voluntary liquidation of TSILEL
with National Company Law Tribunal (“NCLT”), Cuttack Bench.
Accordingly, NCLT has, vide its order No. CP (IB) 13/CB/2022 dated May 9, 2022, passed
the order in favor of the Company. Upon receipt of the order of NCLT, TSILEL hereby stands
liquidated and ceased to be in existence with effect from May 9, 2022.
This disclosure is made in terms of Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Tata Steel Long Products Limited
Sankar Bhattacharya
(Formerly Tata Sponge Iron Limited)
PO Joda Dist Keonjhar Odisha 758 034 India

Tel 91 6767 278178 Fax 278129 Email info@tatasteellp.com
CIN L27102OR1982PLC001091
-
Dishman Carbogen Amcis'
Dishman Carbogen Amcis Ltd
Dishman Corporate House
9
lscon-Bopal Road, Ambli,
Ahmedabad - 380058
Gujarat, India
CIN:L74900GJ2007PLC051338
+91 271742 0102 �

10th May, 2022 dishman@dishmangroup.com B
www.imdcal.com •
To, To,
Department of Corporate Services The Manager,
BSE Ltd. Listing Department,
Phiroze Jeejeebhoy Towers, National Stock Exchange of India Ltd.
Dalal Street, "Exchange Plaza", C-1, Block G,
Mumbai - 400 001. Bandra-Kurla Complex,
Bandra (E), Mumbai - 400 051.
Ref.: Scrip Code No.: 540701 Ref. : (i) Symbol - DCAL

(ii) Series - EQ
SUB: INTIMATION OF CONFERENCE CALL
Dear Sir,
This is to inform that pursuant to Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosures Requirements) Regulations, 2015, the
Company has arranged Conference Call with Investors on Wednesday, 11th May, 2022
at 16.00 hrs. (1ST) to discuss the financial result and performance of the Company for the
quarter and year ended on 31st March, 2022.
The details of dial in numbers of Conference Call are as under:
Primary Number : +91 22 6280 1200 International Toll

+91 22 7115 8101 Hong Kong 85 230 186 877
Singapore 6 531 575 746
International Toll Free UK London 442 034 785 524
Hong Kong: 800 964 448 USA Los Angeles 13 233 868 721
Singapore: 800 101 2045
UK: 0 808 101 1573
USA: 1 866 746 2133
Kindly take the same on your record.
Thanking You,
Yours faithfully,
For, Dishman Carboge ,..,...�, imited
.c·CJ 9>
Shri· ave .1
pany Secretary
Ref: ADL/SE/2022-23/13
May 10, 2022
To, To,
Listing/ Compliance Department Listing/ Compliance Department
BSE Limited National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Plot No. C/1,
Dalal Street, G Block Bandra - Kurla Complex,
Mumbai – 400 001 Bandra (East),
Mumbai – 400051
BSE CODE: 524348 NSE CODE: AARTIDRUGS
Dear Sir/Madam,
Sub: Recording of Conference Call
Ref: Regulation 30 of SEBI (LODR) Regulations, 2015
In continuation to our letter dated May 5, 2022 regarding intimation of Investors/

Analyst conference call on the Audited Standalone and Consolidated Financial
Results of the Company for the quarter and year ended March 31, 2022, we would
like to inform you that the audio recording of the said call has been uploaded on the
Company’s website. This can be accessed via the following link.
Link: https://www.aartidrugs.co.in/concalls-transcript/
The transcript for the said call will be shared with the Stock Exchanges and will also
be uploaded on the Company’s website (https://www.aartidrugs.co.in/) in due course.
This is for your information and record.
Thanking you,
Yours faithfully,
FOR AARTI DRUGS LIMITED
RUSHIKESH DEOLE
COMPANY SECRETARY & COMPLIANCE OFFICER
ICSI M. No.: A54527

2000 5000 Company Update 20220510

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email : info@mtar.in website : www.mtar.

To, Date: l0-May-2022

The Manager The Manager,

Dear Sir/ Madam,

Sub: Additional disclosure to Outcome of Board Meeting under Regulation 30 of SEBI

Ref: Regulation 30 read with SEBI Circular CITUCFD/CN{D141}}I1 dated O9-Sept-

This is for your information and records.

This is for your information and records

For MTAR Technologies Limited

Disclosure in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure

S.no Particulars Disclosure

Size and Turnover: Turnover of the

J industry to which the entity being Manufacturing of high precision

5 brief details of any governmental or Not Applicable

7 nature of consideration - whether cash The consideration is of Rs. 8.82 Crores

8 cost of acquisition or the price at which Net consideration to shareholders would be

9 percentage of shareholding / control MTAR Technologies will acquire 100%

2020-21 : Rs. 1,67,59,4591-

2019-20 : Rs. 3,59,10,4441-

201 8- 19 : Rs. 5,13,87,3641-

For MTAR Technologies Limited

Shubham Sunil Bagadia

Ref.: BSE Scrip Code No. “533138” Ref: “ASTEC”

Dear Sir / Madam,

For Astec LifeSciences Limited

ANALYST: MR. ANIRUDDHA JOSHI – ICICI SECURITIES LIMITED

MANAGEMENT: MR. NADIR B GODREJ – CHAIRMAN – GODREJ AGROVET

Ishmohit Arora: Thank you so much and all the best.

Saurabh: Thank you, Sir.

Anurag Roy: Yes, that would be fair.

Anurag Roy: Over the next two to three years.

Pankit Shah: Great. Thank you so much.

Mithun Aswath: Great thanks.

Pritesh Cheddha: Thank you very much, Sir. Thank you.

Aman Vora: Thanks a lot.

Anurag Roy: Yes.

Dhruv Muchhal: Got it. Thank you so much, Sir.

You are requested to take the information on record.

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and

In accordance with the captioned subject, in continuation of the intimation given

S. Particulars of Date of Event/ Type of Venue /

1. Zaaba Capital Limited 10th May, 2022 One to One Virtual

Link to access the investor presentation:

This is for your information and records.

For Olectra Greentech Limited

Registered Office : 5-22, 3rd Floor, Technocrat Industrial Estate, Balanagar,

To, Date: 10.05.2022

The Manager The Manager,

Request you to kindly take the same on record.

Shubham Sunil Bagadia

MTAR gets approval from Board for acquisition of Gee Pee

Hyderalrad, May 10, 2022:

Srilekha Jasthi Raju Reddy

Celcbrollng Flve Dccodot ot Englnccrlng Excclcncc

May 10, 2022

Listing Compliance Department of Corporate Services

Dear Sir/ Madam,

Ref: Our letter no. MHRIL/SE/22-23/8 dated April 12, 2022

Dear Sir/ Madam,

Kindly take the same on record.

Mahindra Holidays & Resorts India Limited

e: memberrelations@clubmahindra.com / w: www.clubmahindra.com / CIN: L5 5101TN1996PLC036595

Mahindra Holidays & Resorts India Ltd.