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Amara Raja Energy & Mobility Limited ( f o r m e r l y K n o w n a s A m a r a R a j a B a t t e r i e s L i m i t e d ) EARNING PRESENTATION Q1 - F Y 2 0 2 6
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2 FINANCIALS OPERATIONS Snapshot BUSINESS Market Cap ~ INR 176 Bn+(As on Jun 30, 2025 14 Manufacturing Facilities 4 decades of experience Minimal debt in the books ~66 Million units annualized Capacity for Automotive batteries Leading Automotive Battery Brand ~16% ROCE (1) Exporting to 60+ CountriesStrong Brand recall AA+ Credit Rating by CRISIL Rank 1 in S&P Global ESG rating in respective sector in India ~11,000+ employees First AGM battery manufacturer for 2W 1/3rd of the shares are held by Institutional Shareholders 12X Water positive & 19% reduction in Scope 1&2 absolute carbon emissions in FY25 against FY22 First VRLA battery manufacturer 10-year Revenue CAGR ~12% ~3 Billion AH - Total Industrial batteries capacity Market Leader in Telecom and Data Centre Industry (1) As on FY25 end
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3 ▪ Amara Raja Energy & Mobility Limited, (ARE&M), formerly known as Amara Raja Batteries Limited, is one of the largest manufacturers of lead-acid batteries in India. ▪ Name change in 2023 reflects, the broader vision to lead India’s Energy Transition, in the Energy & Mobility space by providing comprehensive energy solutions ▪ Exports to over 50 countries across the globe ▪ Strong brands like ‘Amaron’, ‘PowerZone’, ‘Elito’, ‘Quanta’ ▪ All plants recognized with highest level awards in International level Quality Circle Competitions(ICQCC) held in Beijing, China ▪ TPM is being implemented in all manufacturing facilities, currently all plants certified for sustenance level ▪ Forayed into the New Energy business in 2022 with ambitious capex plan of INR 95 Bn for setting up a Giga Corridor in Telangana. ▪ High emphasis on protecting the environment with focus on Renewable Energy and recycling of Lead Overview 1,17,084 1,28,463 34,011 16,585 16,165 3,635 14.2% 12.6% 10.7% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% - 20,000 40,000 60,000 80,000 1,00,000 1,20,000 1,40,000 FY24 FY25 Q1 FY26 CONSOLIDATED INCOME (INR Mn) & EBITDA MARGINS(%) Revenue EBITDA EBITDA Margin 1,12,603 1,24,049 33,499 16,214 16,291 3,867 14.4% 13.1% 11.5% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% - 20,000 40,000 60,000 80,000 1,00,000 1,20,000 1,40,000 FY24 FY25 Q1 FY26 STANDALONE INCOME (INR Mn) & EBITDA MARGINS(%) Revenue EBITDA EBITDA Margin Standalone EBITDA% without Lithium trading business is ~11.8% for Q1-FY26
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4 APPLICATIONS • Pioneers in VRLA batteries in India • Application - Telecom, Railways, Power Control, Solar, UPS • Market Leader in Telecom sector/Largest exporter for VRLA batteries • Largest Integrated Facility for MVRLA Batteries INDUSTRIAL • Applications – 2W, 3W, 4W & CV’s • First AGM battery manufacturer for 2W • Largest Exporter of automotive Batteries AUTOMOTIVE • Li Cell and Pack Manufacturing • EV Charging Products • Energy Storage Solutions • Developed India’s First 21700 Cylindrical Cell (NMC 811) • Setting up E Positive Energy Labs: a unique innovation & research facility AUTOMOTIVE | INDUSTRIAL LEAD ACID BATTERIES NEW ENERGY BUSINESS AGM- Absorbent Glass Mat VRLA/MVRLA- Valve regulated lead acid/Medium valve regulated lead acid Lead recycling facility, showcasing commitment to the circular economy Lead Recycling plant Operations At A Glance
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5 State Of Art Manufacturing Facilities - LAB AMARA RAJA GROWTH CORRIDOR 2 Plastic component plants towards captive consumption KARAKAMBADI PLANTS I Automotive Industrial SEGMENTS ~66 Mn units ~3 Billion Ah ANNUALISED CAPACITY Tirupathi & Chittoor- AP LOCATION Tirupathi & Chittoor- AP CHEYYAR PLANT 4W Battery LVRLA Battery 2W Battery Two 4W Plants & one 2W Plant MVRLA Battery Tubular Plant Battery Recycling Plant Industrial
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6 Pack Assembly Plant- Stationary- Tirupathi Capacity ~ 1 GWh State Of Art Manufacturing Facilities - NEB Pack Assembly Plant- Mobility- Divitipally Capacity ~ 1.5 GWh 3W Battery 2W Battery Telecom battery Assembly Plant- AC/DC Chargers- Tirupathi 180KW DC Fast Chargers7.4KW Type-1 AC
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7 Marquee OEM Clientele Automotive Industrial EicherLogo Airtel Lead Acid Business- LAB New Energy Business- NEB* Mobility & Stationary *New Energy Business- Other than Lead acid batteries(including lithium-ion batteries)
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8 ➢ OEM volumes have registered robust growth in both 2W segment & 4W segment ➢ After market – 4W volumes registered moderate growth in volumes during Q1- FY26 on Y-O-Y basis ➢ Other Applications- Uptick in volumes in Lubes during the quarter. HUPS and other applications registered healthy growth on Y-O-Y basis ➢ Exports – Export volumes remained subdued on account of muted demand conditions ➢ Industrial applications registered double digit growth in volumes excluding telecom volumes ➢ Growth driven by UPS sector on back of key market drivers ➢ While LAB telecom volumes recorded a decline, the inclusion of LIB volumes offset the impact, resulting in no overall de-growth in telecom volumes Industrial Automotive Operational Highlights (LAB) – Q1-FY26
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9 GUR PAT RAN BHU KOL SIL JAB RAI NAG IND JAI BWD AUR HYD HUB VJD BLR CHE COI COC GZB JAM ZRK LKN AMD PUNE JMD VAR GAU DEL NSK PITH MAND ANT HAR RUD DISTRIBUTION POINTS BRANCHES 23 1,00,000+ DISTRIBUTION POINTS Direct Partners 40 1500+ POINTS OF SALE Go Paperless with new AMARON KONNECT APP Host of other valuable benefits: • Latest Product Information • Navigate to your nearest AMARON pitstop • Excellent user interface/experience Digital initiatives to enhance the experience for esteemed partners Increasing the presence through Amaron franchise network Automotive - Domestic Distribution Network Introduction of payment gateway options for facilitating E-COMMERCE BUSINESS for our channel partners • Direct reach out to B2C customers • One stop shop for Automotive battery solution Lubes Quick & seamless REWARDS FOR LUBES PARTNERS, ENGAGING CUSTOMERS: • Improving trust and relationship with partners • Enhancing customer engagement and boosting brand awareness
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10 Dubai - Dealer Meet & Free Battery Health Checkup Thailand- Introduced 2nd Pitstop & Initiatives for Enhancing Retailer connect Product Training Enhancing brand image and strengthening global supply chain Initiatives through dealer meets and Brand promotion Automotive - Reaching Out To International Markets
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11 Capex Project Update - Lead Acid Battery • 1.5 Lac MTPA (Phase I and Phase II) State-of-the-art Advanced Green field Lead Acid Battery Recycling plant • Refinery commercial production commenced in December 2024. Battery breaking expected to commence from Q3- FY26 • 1.5 Mn+ Battery/ Annum Advanced Tubular Manufacturing plant • Plant Redesigned with improved Fire Safety Measures • Initial commercial production commenced in Q1- FY26, ramping up to full capacity by Q2- FY26 Battery Recycling Plant at Cheyyar- TN Tubular Battery Plant at ARGC- Chittoor
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12 Business Performance Operational Highlights (NEB) – Q1 FY26 Mobility ➢ Continue to gain momentum in EV off board charger segment post completion of Localization of Portable EV chargers for 2W and 3W electric Vehicles ➢ Commercialized LFP packs for 3W segment during the quarter ➢ Focused approach to onboard new customers across other mobility segments Stationary applications ➢ Deepened partnership with telecom players reflected in robust volume growth during the quarter ➢ Telecom volume growth supported by market drivers including 5G roll out
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13 New Energy Business going forward…. Focus on Pack business and build state of art manufacturing facilities…. Pack Assembly plant: Tirupathi & Divitipally • Scale pack business by entering into new mobility applications and building sustainable customer base • Fully operational 1.5 GWh pack capacity at Divitipally to cater to 2W and 3W segments • 1 GWh capacity to cater to stationary segment through its Tirupathi plant Giga cell plant: Capacity of 16 GW by FY30 • Operations expected to commence in Q2/Q3 of 2027 • Phase 1 – Cylindrical capacity of 4 GWh/ Chemistries offered- NMC and LFP • Further capacity to be set up in phased manner by FY2030 • Offering pilot production run & product optimization to meet customer requirements • To validate industrial scale production & improve qualityCustomer Qualification plant (CQP)
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14 Demonstrating its unwavering commitment towards the New Energy Business initiative Facility will be equipped with advanced laboratories and testing infrastructure NABL: National Accreditation Board for Testing and Calibration Laboratories Focus On R&D For Innovative Technologies Development of innovative clean energy storage technologies Capability to build both EV and Stationary products and solutions Trained work force with adequate technical competence NABL certified lab Battery Packs 1st in INDIA Achieved IATF 16949:2016 & ISO 9001:2015 certification for Li-Ion Batteries R&D LAB FOR DEVELOPING LI-ION CELLS AND BATTERY PACK ASSEMBLY In-house manufacturing capabilities for key components Proposed E+ Energy Labs at Hyderabad, Telangana
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15 Capex Project Update - New Energy Business • Foundation stone laid on August 10, 2024 • Operations expected to commence: Q3/ Q4-FY26 • Supports diverse form factors & multiple cell chemistries Customer Qualification Plant- Divitipally Giga-Cell Factory- Divitipally E-Hub, Hyderabad • Foundation stone laid on March 2, 2025 • 16 GWh Capacity by FY30 • Construction commenced- Phase 1 of 4 GWh • Expected to commence operation in Q3/Q4-FY26 • Capability to build both EV and Stationary products and solutions Rendering Views
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ESG
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17 • Committed to Net Zero by 2050, net zero plan aligned with SBTi limiting to 1.5 deg increase as per Paris agreement • Reduced intensity of Scope 1&2 emissions by 43% over FY22. • 27.6% Renewable energy share with captive renewable at 66.9 MW Energy and Carbon • All manufacturing plants are zero liquid discharge and facilities not in water-stressed areas • Reduced absolute water consumption by 10% and intensity by 18% • We are a 12X water positive organisation. Water Management • 94% of manufacturing waste is recycled • Reduced waste generation intensity by 11% • Battery recycling rate is in compliance with Battery Waste Management Rules, 2022 Waste to Wealth • Life cycle assessment for key products • Design for sustainability – reduce resource consumption, longer life and ease of recycling • Setting up 16 GwH of Lithium Cell and 5 GwH of pack assembly. E-hub for R&D in New Energy (AR-ACT) Product Stewardship • Lead recycling facility (ARCSPL) commenced operations in FY25 • 85%+ of lead and lead alloys from recycled sources • Covered 70%+ suppliers by value for supplier engagement, capability building, target setting & assessments Sustainable sourcing and circularity Sustainability At Amara Raja
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18 • Roll out of Amara Raja Sustainability Academy • All Amara Raja Group companies recognized as Best Place to Work awards from the Great Place to Work Institute • Safety by Design in our state-of-the-art manufacturing & maintaining zero fatality status. • CSR initiatives in thematic areas of education, primary health care, water, rural infrastructure, social forestry and skilling India. 30,000+ beneficiaries • Targets to improve Diversity, Equity, Inclusion and Belongingness. Included in BSC and KRAs of leaders People and Community • Monthly Sustainability committee led by Executive director and dedicated Group Sustainability vertical • ESG framework & ESG reporting portal for progress monitoring • Integrated report in FY25. • Manufacturing certified for ISO 14001 (EMS), ISO 45001(OHSMS) and ISO 50001 (EnMS) • Disclosures against Climate Disclosure Project (CDP) for Climate Change and internal report on Taskforce for Climate-related Financial disclosures (TCFD) Governance & Transparency • B Rating CDP “Climate change” 2024” • CSA- S&P Global ESG rating- No.1 in India in Electrical components & Equipment Sector • ICAI- Award for Sustainability reporting in ‘MidCap’ category • CII CAP 2.0- Climate Action Award ‘Resilient’ Category • CII Gold award for HSE performance and CII award for Water excellence • ASSOCHAM award for excellence in Climate Change Mitigation • Silver Award – Asia Best Sustainability report (First time) by Asia Sustainability reporting Awards (ASRA) • Golden Peacock Award for Sustainability and many more Ratings & Awards Sustainability At Amara Raja
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19 Sustainability At Amara Raja Resilient category CAP 2.0˚ Awards 2024 in the Energy, Mining & Heavy Manufacturing sector Excellence in Climate Change Mitigation by ASSOCHAM ICAI Sustainability Reporting Award under the Mid-Cap Manufacturing Sector category Recognition for our ESG efforts Recognition of ESG Efforts We have earned ‘Bronze Medal’ in our Ecovadis assessment. We have obtained an ESG rating of 69, from National Stock Exchange for our sustainability performance. This rating is higher than many of our peers and customers Improved our score by S&P Global Corporate Sustainability Assessment (CSA) from 28 to 74—ranking #1 in India, #2 in Asia Pacific and #6 globally in our sector (FY25) Maintained ‘B’ CDP rating for Climate Change (FY25)
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FINANCIAL HIGHLIGHTS
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21 Q1 FY26 KEY FINANCIAL HIGHLIGHTS INR 34,011 Mn EBITDA INR 3,635 Mn PAT INR 1,648 Mn PAT MARGINS 4.8% DILUTED EPS INR 9.0 Q1-FY26 FINANCIAL PERFORMANCE-CONSOLIDATED EBITDA MARGINS 10.7% REVENUE FROM OPERATIONS INR 33,499 Mn EBITDA INR 3,867 Mn PAT INR 1,940 Mn PAT MARGINS 5.8% DILUTED EPS INR 10.6 Q1-FY26 FINANCIAL PERFORMANCE-STANDALONE EBITDA MARGINS 11.5% REVENUE FROM OPERATIONS 30,168 , 89% 3,842 , 11% Consolidated Geographical Split – Q1 FY26 Domestic Exports 32,798 , 96% 1,213 , 4% Consolidated Business Split – Q1 FY26 Lead Acid Others Standalone EBITDA% without Lithium trading business is ~11.8% for Q1-FY26
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22 Q1- FY26 Key Financial highlights - Consolidated Revenue Split by Segment Revenue Split by Segment 31,373 29,030 32,798 Q1 FY25 Q4 FY25 Q1 FY26 LEAD ACID BATT. REVENUES (INR Mn) 1,258 1,571 1,213 Q1 FY25 Q4 FY25 Q1 FY26 OTHER BUSINESS REVENUES (INR Mn) 28,264 26,877 30,168 4,367 3,724 3,842 Q1 FY25 Q4 FY25 Q1 FY26 GEOGRAPHICAL REVENUE SPLIT (INR Mn) Domestic Exports
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23 PARTICULARS (INR Mn) Q1-FY26 Q1-FY25 Y-O-Y Q4-FY25 Q-O-Q Operational Revenue 34,011 32,631 4.2% 30,601 11.1% Total Expenses 30,376 28,259 7.5% 27,192 11.7% EBITDA 3,635 4,372 (16.9)% 3,409 6.6% EBITDA Margins (%) 10.7% 13.4% (271) Bps 11.1% (40) Bps Other Income 185 296 (37.5)% 258 (28.3)% Depreciation 1,422 1,226 16.0% 1,441 (1.3)% Finance Cost 109 94 16.0% 100 9.0% PBT 2,289 3,347 (31.6)% 2,126 7.7% Tax 641 856 (25.1)% 510 25.7% PAT 1,648 2,491 (33.8)% 1,616 2.0% PAT Margins (%) 4.8% 7.6% (280) Bps 5.3% (43) Bps Other Comprehensive Income (6) 561 NA (1,079) NA Total Comprehensive Income 1,642 3,052 (46.2)% 537 205.9% Diluted EPS (INR) 9.00 13.61 (33.9)% 8.83 1.9% Quarterly Consolidated Financial Performance
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24 Historical Consolidated Income Statement PARTICULARS (INR Mn) FY24* FY25 Q1 FY26 Operational Revenue 1,17,084 1,28,463 34,011 Total Expenses 1,00,499 1,12,299 30,376 EBITDA 16,585 16,165 3,635 EBITDA Margins (%) 14.2% 12.6% 10.7% Other Income 1,104 1,156 185 Depreciation 4,843 5,257 1,422 Finance Cost 344 443 109 Profit Before Exceptional Items & Tax 12,502 11,621 2,289 Exceptional Income/(Expense) - 1,111** - PBT 12,502 12,732 2,289 Tax 3,158 3,285 641 PAT 9,344 9,447 1,648 PAT Margins (%) 8.0% 7.4% 4.8% Other Comprehensive Income (61) (1,639) (6) Total Comprehensive Income 9,283 7,808 1,642 Diluted EPS (INR) 51.05 51.62 9.00 * Amara Raja Power systems limited became wholly owned subsidiary effective September 29, 2023 **Exceptional income of INR 1,111 Mn pertaining to FY25 relates to insurance claim on TBD plant/Diluted EPS is after considering the exceptional income
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25 Consolidated Balance Sheet * Numbers for FY2023 are restated considering acquisition of Plastic division of Mangal Industries PARTICULARS (INR Mn) FY23 FY24 FY25 Assets (1) Non-Current Assets (A) Property, Plant And Equipment 28,555 29,095 31,164 (B) Right Of Use Asset 3,966 4,081 4,154 (C) Capital Work-in Progress 2,487 6,255 12,975 (D) Goodwill 4,280 4,358 4,358 (E) Other Intangible Assets 669 538 465 (F) Intangible Assets Under Development 8 154 7 (G) Financial Assets (i) Investments 2,617 3,608 3,521 (ii) Other Financial Assets 1,252 132 151 (H) Deferred Tax Assets (Net) 9 17 72 (I) Income Tax Assets (Net) 15 131 182 (J) Other Non-current Assets 1,251 2,714 2,168 Total Non-current Assets 45,107 51,083 59,216 (2) Current Assets (A) Inventories 17,340 19,484 21,954 (B) Financial Assets (i) Investments 1,653 3,531 3,294 (ii) Loans 887 - - (iii) Trade Receivables 8,866 11,358 12,631 (iv) Cash And Cash Equivalents 949 983 1,578 (v) Bank Balances Other Than Cash And Cash Equivalents 104 195 168 (vi) Other Financial Assets 3,222 919 209 (C) Other Current Assets 1,494 2,225 2,632 Total Current Assets 34,513 38,695 42,467 Total Assets (1+2) 79,621 89,778 1,01,683 PARTICULARS (INR Mn) FY23 FY24 FY25 Equity And Liabilities (1) Equity 60,070 67,987 73,891 (A) Equity Share Capital 171 183 183 (B) Other Equity 59,900 67,804 73,708 (2) Non-Current Liabilities (A) Financial Liabilities (i) Borrowings 800 260 - (ii) Lease Liabilities 635 751 814 (B) Provisions 1,463 1,838 2,106 (C) Deferred Tax Liabilities (Net) 1,040 906 743 (D) Other Non-Current Liabilities 830 785 996 Total Non-Current Liabilities 4,768 4,540 4,658 (3) Current Liabilities (A) Financial Liabilities (i) Borrowings 311 273 1,446 (ii) Lease Liabilities 268 283 349 (iii) Trade Payables 7,577 8,565 10,866 (iv) Other Financial Liabilities 2,537 3,614 5,106 (B) Provisions 1,417 1,328 1,767 (C) Current Tax (Net) 3 - 1 (D) Other Current Liabilities 2,670 3,188 3,599 Total Current Liabilities 14,782 17,251 23,133 Total Equity And Liabilities (1+2+3) 79,621 89,778 1,01,683
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26 Consolidated Financial Charts 1,17,084 1,28,463 34,011 FY24 FY25 1Q FY26 REVENUES (INR Mn) 16,585 16,165 3,635 14.2% 12.6% 10.7% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 FY24 FY25 1Q FY26 EBITDA (INR Mn) & EBITDA MARGINS (%) EBITDA (INR Mn) EBITDA MARGINS (%) 9,344 9,447 1,648 8.0% 7.4% 4.8% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 FY24 FY25 1Q FY26 PAT (INR Mn) & PAT MARGINS (%) PAT (INR Mn) PAT MARGINS (%) 60,070 67,987 73,891 FY23 FY24 FY25 NETWORTH (INR Mn) 2.3 2.2 1.8 FY23 FY24 FY25 CURRENT RATIO 19.5% 19.2% 16.2% 13.8% 14.6% 13.3% FY23 FY24 FY25 ROCE (%) & ROE (%) ROCE % ROE %
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27 Standalone Financial Charts 1,12,603 1,24,049 33,499 FY24 FY25 1Q FY26 REVENUES (INR Mn) 16,214 16,291 3,867 14.4% 13.1% 11.5% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 20.00% - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 FY24 FY25 1Q FY26 EBITDA (INR Mn) & EBITDA MARGINS (%) EBITDA (INR Mn) EBITDA MARGINS (%) 9,059 9,639 1,940 8.0% 7.8% 5.8% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 FY24 FY25 1Q FY26 PAT (INR Mn) & PAT MARGINS (%) PAT (INR Mn) PAT MARGINS (%) 60,056 67,687 73,783 FY23 FY24 FY25 NETWORTH (INR Mn) 2.2 2.1 1.6 FY23 FY24 FY25 CURRENT RATIO 19.5% 18.6% 16.6% 13.8% 14.2% 13.6% FY23 FY24 FY25 ROCE (%) & ROE (%) ROCE % ROE %
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28 1 YEAR STOCK PERFORMANCE NSE: ARE&M | BSE: 500008 | Bloomberg: AMRJ:IN | Reuters: AMAR.NS / AMAR.BO Capital Market Data SHAREHOLDING PATTERN (AS ON 30th JUNE, 2025) -60% -40% -20% 0% 20% Jul-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Amara Sensex PRICE DATA (AS ON 30th JUNE, 2025) INR Face Value 1.00 CMP 965.7 52 Week H/L 1,745.1/805.1 Market Cap (INR Mn) 1,76,738.4 Shares O/S (Mn) 183.0 Avg. Vol. (‘000) 752.9 Promoter, 32.86%FIIs, 19.39% Public, 33.75% DIIs, 14.00%
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29 DISCLAIMER This presentation by Amara Raja Energy and Mobility Limited (including its subsidiaries) is general background information about the Company’s activities at the date of this presentation. Said information is provided in summary form only and does not purport to be complete, does not contain all the information that is or may be material to investors or potential investors and contents of this presentation should not be considered to be legal, tax, investment or other advice, or a recommendation to investors or potential investors in respect of the holding, purchasing or selling of securities or other financial instruments and does not take into account any investor’s particular objectives, financial situation or needs. By attending the presentation or by reading the presentation slides, you agree to be bound as follows: This presentation solely for information purposes. This presentation may be amended and supplemented as the Company sees fit, may not be relied upon for the purpose of entering into any transaction and should not be construed as, nor be relied on in connection with, any offer or invitation to purchase or subscribe for, underwrite or otherwise acquire, hold or dispose of any securities of the Company, and shall not be regarded as a recommendation in relation to any such transaction whatsoever. This presentation and its contents are confidential and proprietary to the Company. No part of it or its subject matter may be reproduced, redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person (excluding the relevant person’s professional advisers) or published in whole or in part for any purpose without the prior written consent of the Company. The communication of this presentation may be restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where such distribution or use would be contrary to local law or regulation. The information in this presentation has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the presentation and the information contained herein and no reliance should be placed on it. Information in this presentation (including market data and statistical information) has been obtained from various sources (including third party sources) and the Company does not guarantee the accuracy or completeness of such information. All projections, valuations and statistical analyses are provided for information purposes only. They may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results and to the extent they are based on historical information, any they should not be relied upon as an accurate prediction of future performance. This presentation contains forward‐looking statements. These statements may include the words “believe”, “expect”, “expected”, “opportunity”, “market expansion”, “commercialization”, “anticipate”, “intend”, “plan”, “growth strategy”, “road map”, “future growth engine”, “estimate”, “will”, “may”, “targeting” and similar expressions as well as statements other than statements of historical facts including, without limitation, those regarding the financial position, business strategy, plans, targets and objectives of the management of the Company for future operations (including development plans and objectives). Such forward‐looking statements involve known and unknown risks, uncertainties and other important factors which may affect the Company's ability to implement and achieve the economic and monetary policies, budgetary plans, fiscal guidelines and other development benchmarks set out in such forward‐looking statements and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward‐looking statements and are based on numerous assumptions regarding the Company’s present and future policies and plans and the environment in which the Company will operate in the future. Any financial data in this presentation are solely for your information, as background to the Company and may not be relied upon for the purpose of entering into any transaction whatsoever. The financial information set out in this presentation is based on certain important assumptions and adjustments and does not purport to represent what our results of operations are on an audited basis or actually will be in any future periods. All information, opinions and estimates contained herein are given as of the date hereof and are subject to change without notice. The Company, and its Subsidiaries, affiliates, directors, representatives, officers or employees cannot guarantee that the assumptions underlying such forward-looking statements are free from errors, nor do they accept any responsibility for the future accuracy or actual occurrence of any forward-looking statements contained in this document. Company or its Subsidiaries, affiliates, directors, key managerial persons, advisors, representatives, officers or employees accept no responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors or omissions in this presentation/document or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this document or its contents, and make no representation or warranty, express or implied, for the contents of this document. Neither the Company nor any other person is under any obligation to update or keep current the information contained herein. This document is not a prospectus or a statement in lieu of a prospectus or an offering circular or an invitation or an advertisement or an offer document under the Companies Act, 2013, together with the rules and regulations made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable laws and regulations. By accessing this document, you accept that this document and any claims arising out of the use of the information from this document shall be governed by the laws of Republic of India. Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: amara@valoremadvisors.com Investor Kit Link: http://www.valoremadvisors.com/amara Tel:+91-40-2313 9000 Email: investorservices@amararaja.com
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THANK YOU