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X 1060 10 10 KAYNES Investor Presentation August 2026
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Disclaimer 2 This presentation has been prepared by Kaynes Technology India Limited (“Company") solely for information purposes without any regardto any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied,distributed or disseminated, directly or indirectly, in any manner. Failure to comply with this directive may result in a violation of theapplicable law in certain jurisdictions. By reviewing this presentation, you agree to be bound by the restrictions contained herein, and tomaintain absolute confidentiality, regarding the information disclosed in these materials.This presentation does not constitute or form part of and should not be construed as, directly or indirectly, any offer or invitation orinducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company by any person inany jurisdiction, including in India, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connectionwith, any investment decision or any contract or commitment, therefore.This presentation contains statements that constitute forward looking statements. These statements include descriptions regarding theintent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financialcondition of the Company. These statements can be recognized by the use of words such as ''expects", "plans", 'will", "estimates","projects", or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risksand uncertainties, and actual results may differ materially from those in such forward-looking statements as a result of various factors andassumptions which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertaintiesrelating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to managegrowth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does notundertake any obligation to revise or update any forward-looking statement that may be made from time to time by or on behalf of theCompany including to reflect actual results, changes in assumptions or changes in factors affecting these statements. Given these risks,uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-lookingstatements. This presentation may contain certain currency exchange rates and the same have been provided only for the convenienceof readers.
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Macro Economic Conditions 3 Trade Policy UncertaintiesWest Asia Conflict 9,515 9,808 11,112 12,831 13,349 2,449 2,619 2,829 3,193 3,568 Q1' FY26 Q2' FY26 Q3' FY26 Q4' FY26 Q1' FY27Commodity pricesCopperAluminium 5.50% 5.50% 5.25% 5.25% 5.25% 4.25% 4.00% 3.75% 3.75% 4.00% 1.40% 1.40% 1.40% 1.40% 1.40% 2.00% 2.00% 2.00% 2.00% 2.25% Q1' FY26 Q2' FY26 Q3' FY26 Q4' FY26 Q1' FY27Policy Rate TrendsIndiaUSAChinaEU Macro Factors • Rupee came down from ~85 in Jun 25 to ~96 in Jul 26. Down almost ~11%.• A weaker rupee and higher imported inflation make capital goods, spares and technology imports more expensive, complicating supply-chain modernization and cost-control efforts.• WPI in India jumped to 9.68% in May 2026, with petroleum and natural gas prices up 61.5% YoY• Even without physical shortages, fear of sustained high prices leads to capacity tightening• Repeated energy shocks embed a higher baseline for logistics and energy costs• El Niño-type rainfall stress can lift food inflation by 30–50 bps, and because food has a large weight in CPI• A meaningful hit to agricultural GVA drags down overall GDP directly and via weaker rural demand spillovers into manufacturing and servicesSourceIndia: RBI Repo RateUSA: Federal ReserveChina: PBoC 7-day Reverse Repo RateEU: ECB Deposit Facility Rate 3,293 3,459 4,152 4,876 4,512 3,370 3,960 5,410 8,400 7,350 Q1' FY26 Q2' FY26 Q3' FY26 Q4' FY26 Q1' FY27Precious MetalsGoldSilver Source Pink Sheet, World Bank UoM: Copper. Aluminium - $/mt Gold - $/toz, Silver - $/toz*100 Global Growth Moderation 2.7% 1.8% 2.8% 3.3% 3.9% 0.5% -0.1% 1.4% 2.7% 9.3% Q1' FY26 Q2' FY26 Q3' FY26 Q4' FY26 Q1' FY27Inflation Trends Retail Inflation(CPI) Wholesale Inflation(WPI) 85.6 87.3 89.1 91.5 94.7 Q1' FY26 Q2' FY26 Q3' FY26 Q4' FY26 Q1' FY27Rupee Depreciation*Average Inflation taken on Quarterly basis
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Global Uncertainties Driving Longer Lead Times 4 US – Iran Conflict+AI / Data Centre Boom+High Raw Material Prices→Supply Chain Disruption•Allocation, not open market: Suppliers ration scarce inputs to strategic accounts•AI / data-centre crowd-out: Memory & wafer capacity reallocated to higher-margin server demand•Higher energy Prices: Higher electricity and natural gas prices increases plant operating cost, production cost per unit and also utility expenses•Chokepoint disruption: Freight, specialty gases and fab energy costs hit at once•Bullwhip effect: Panic ordering amplifies the shortage further→Component Availability TightensProduction Capacity Booked EarlierLonger Supplier Lead TimesHigher Procurement CostMCU & Power Devices26 – 52 WeeksInfineon, TI; peak SKUsHigh Cap & Auto MLCC26 – 32 WeeksMurata, Samsung EM, YAGEO high-end seriesResistors & InductorsUp to 24 WeeksExtended when demand strengthens by regionDiodes & MOSFETs26 - 40 WeeksSiC automotive-grade the most constrainedConnectors12 - 20 WeeksTE, Molex, Amphenol; auto/EV/AI-server linesDisplay ICs & TFT/OLED12 - 20 WeeksTE, Molex, Amphenol; auto/EV/AI-server linesPrice ChangeComponentPrice ChangeComponentPrice ChangeComponent5-30%Connectors15-60%MLCCs & Tantalum Caps15-85%MCU & Power Devices10-20%Diodes & MOSFETs15-25%Chip Resistors40-105%DRAM & NANDLead Times Trends
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Global EMS Market Outlook 519752350445051564512252021 2025 2035 Global Electronics & EMS Market Global Electronics MarketGlobal EMS MarketAPAC, 68%North America, 18%Europe, 6%Latin America, 5%MEA, 3% Global EMS Market –Geographical Share (2025) Source: KPMG – India’s Electronics Manufacturing Services(EMS) Opportunity CAGR – Global Electronics Market – 6.6% CAGR – Global EMS market – 6.6%
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Indian EMS Market 6US$ 40 BillionUS$ 390 BillionUS$ 185 BillionUS$ 150 BillionUS$ 140 BillionUS$ 415 BillionFY 2025FY 2030 Domestic ManufacturingElectronics Market EMS MarketSource: KPMG – India’s Electronics Manufacturing Services(EMS) Opportunity
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Click to edit Master title styleCompany Overview7
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Group Overview 8 35+ Years Manufacturing Experience 33% CAGR5 Year Revenue Growth INR 22k Cr.Market Capitalization ( 30thJun 2026) 8Diversified Verticals 500+Customers being Served 30+ Nations being catered 13Global Certifications & Accreditations 22Advanced Manufacturing Facilities Globally 800,000+ Sft.Shop Floor Area 9K+Global Workforce
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Manufacturing Presence 3 Design facilities2 Service centres18 Manufacturing Facilities926SMT Lines70 THD Lines26Cable Harness Lines48 plastic molding machines1k, 10K & 100K class clean room50+Patents2 exclusive lines for green manufacturingBest in Class R&D CentreExpansion in USA (Digicom) & Canada (August)Acquisition of Sensonic GmbH (Austrian based company in software for Railway signaling sector)OSAT Capabilities with Kaynes SemiconKaynes Circuilts for Backward integration – Bare PCBs August Electronics – Mfg. Unit CANADADIGICOM – Mfg. Unit USA11 1Parwanoo Mfg. Unit HIMACHAL PRADESH Manesar – 2 Mfg. Units NCR - REGIONChennai – Mfg. UnitKrishnagiri – Mfg. Unit TAMILNADUHyderabad – Mfg. Unit TELANGANANavi Mumbai – Service CentrePune – Mfg. Unit MAHARASTRASanand - Semicon MfgAhmedabad - Design. GUJARATBangalore –2 Mfg. Units, Design Facility Mysore – 2 Mfg. Units, R&D, KIDM UnitChamarajanagar – Mfg. Unit KARNATAKAKochi – Service CentrePerumbavoor- 1 Mfg. Unit KERALA1111211216111
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Diversified Portfolio 10
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential From Contract Manufacturing to Product Leadership 11 EMS Smart Meters Bare PCBs OSAT Metals / Plastic Product Based Company Wire Harness Box-build Solutions Embedded SoftwareEvery investment made over the past couple of years has been aimed at moving Kaynes progressively up the electronics value chain, from manufacturing services to designing, developing and delivering complete technology products Results:•Better Returns•Faster product development•Greater customer stickiness•Larger Content with Customer•Sustainable competitive advantage
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Quality – Commitment to Excellence 12 78 Quality Certifications achieved till dateTotal Quality Control(TQC)Statistical Process Control(SPC)Lean Six-Sigma 3C Approach8D framework5W – 1H ProcessTotal Productive Maintenance(TPM)Process Surveillance AuditsTotal Quality Control(TQC)Statistical Process Control(SPC)Lean Six-Sigma 3C Approach8D framework5W – 1H ProcessTotal Productive Maintenance(TPM)Process Surveillance Audits Quality ToolsActive SGA & QC CirclesSkill Qualification Program50+ Quality Training ProgramsSupplier Partnership ProgramsCustomer Training ParticipationCompliance to International Process StandardsActive SGA & QC CirclesSkill Qualification Program50+ Quality Training ProgramsSupplier Partnership ProgramsCustomer Training ParticipationCompliance to International Process Standards As Work PhilosophyBIQZero Defect Zero Customer ComplaintsAdherence & Adequacy Identification4M ClassificationBIQZero Defect Zero Customer ComplaintsAdherence & Adequacy Identification4M Classification Initiatives “Don’ t Flow – Don’t Make; Can’t Flow – Can’t Make”Customer Feedback & ReviewQuality FunctionsCUSTOMER QUALITYINCOMING QUALITYSUPPLIER QUALITYIN-PROCESS QUALITYNPI QUALITYPRODUCT QUALITY®ULATORY Product ComplianceULCSABISCDCSOEMIEMCFDAVDE
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential13 People Growth Initiatives and TrainingsLearning & Development•280+ Trainings across 12 different categories•60 Man hours training / annum / employee•Internal Auditors training•Sponsored overseas training opportunities•Corporate Executive MBA•Graduate Training Program•NLP training initiative•280+ Trainings across 12 different categories•60 Man hours training / annum / employee•Internal Auditors training•Sponsored overseas training opportunities•Corporate Executive MBA•Graduate Training Program•NLP training initiative Major Initiatives Sponsored Certifications & Courses ESG Training Functional Training EHS Training Leadership Competencies
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Sustainability in action 14 Governance •Wind Power: 2.25M+ Units (Aug’24–Jun’25)•Solar Power: 3 MW installation across plants (in progress)•Energy Intensity reduction by 23% in last 2 years•Transition to electric forklifts•EVs in logistics•Wind Power: 2.25M+ Units (Aug’24–Jun’25)•Solar Power: 3 MW installation across plants (in progress)•Energy Intensity reduction by 23% in last 2 years•Transition to electric forklifts•EVs in logistics •Zero Tolerance towards Corruption•Equitable and Compliant Labor Policies•Protection of Whistleblowers•Board Independence•Insider Trading Prohibition•Zero Tolerance towards Corruption•Equitable and Compliant Labor Policies•Protection of Whistleblowers•Board Independence•Insider Trading Prohibition •Employee Welfare & POSH•Ethical & Responsible Sourcing•Contributing towards Rural Development Projects•Promoting Education & Skilling•Active role in Protection & promotion of National Heritage, Art & Culture•Participation in animal welfare•Employee Welfare & POSH•Ethical & Responsible Sourcing•Contributing towards Rural Development Projects•Promoting Education & Skilling•Active role in Protection & promotion of National Heritage, Art & Culture•Participation in animal welfare 5 Lakhs tree plantation by 2030Co2 emission net Zero by 205030% reduction of GHG by 2035Zero discharge to landfill by 20305 Lakhs tree plantation by 2030Co2 emission net Zero by 205030% reduction of GHG by 2035Zero discharge to landfill by 2030 Env. Goals ESGEco Vadis Score – 64%MSIL Green Supplier Certification
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential CSR & Sustainability Initiatives 15 Anganwadi DevelopmentSupporting Farming CommunityContribution towards Primary Education Towards a better society…•Land Extent – 24.71 Acres (10 Hectares)•Location – Madahalli Research Station•Total Plantation – 2,050 Ficus Species•Carbon Absorption –•12.3 MT Co2/Year (current)•45.10 MT Co2/Year (After 5 years)Plantation Drive in Madahalli
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Click to edit Master title styleFinancial Highlights16
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Financial Quarterly Results Summary – Consolidated 17 ₹1,130 ₹1,476 16.8%15.6% 14.0% 14.5% 15.0% 15.5% 16.0% 16.5% 17.0% 17.5% 18.0% 18.5% 19.0% 19.5% 20.0% 20.5% 21.0% 21.5% 22.0% 22.5% 23.0% ₹- ₹200 ₹400 ₹600 ₹800 ₹1,000 ₹1,200 ₹1,400 ₹1,600 Q1 FY26 Q1 FY27EBITDA & Margin ₹746 ₹564 11.1%6.0% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% 10.5% 11.0% 11.5% 12.0% 12.5% 13.0% 13.5% 14.0% 14.5% 15.0% 15.5% 16.0% 16.5% 17.0% 17.5% 18.0% 18.5% 19.0% 19.5% 20.0% 20.5% 21.0% 21.5% 22.0% 22.5% 23.0% 23.5% 24.0% 24.5% 25.0% 25.5% 26.0% 26.5% 27.0% 27.5% 28.0% 28.5% 29.0% 29.5% 30.0% ₹- ₹100 ₹200 ₹300 ₹400 ₹500 ₹600 ₹700 ₹800 Q1 FY26 Q1 FY27PAT & MarginValues in ₹Million ₹6,735 ₹9,460 Q1 FY26 Q1 FY 27Revenue, INR Million ₹74,011 ₹89,038 Q1 FY26 Q1 FY27Order Book, INR Million
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Key Ratios - Quarterly 18 0.20.1Q1' FY26 Q1' FY27Net Debt to Equity 3.82.0Q1' FY26 Q1' FY27Asset Turnover* 15.8%11.6%Q1' FY26 Q1' FY27ROCE* 122163Q1' FY26 Q1' FY27Net Working Capital Days*Note: Ratios relating Asset Turnover, Net Working Capital Days and ROCE (adjusted for unutilized IPO & QIP proceeds) have been computed on a rolling 12 months basis.
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Diversified Revenue Mix- Quarterly 19 1%1%7%5%27%59%2%2%9%6%26%55%Aerospace,Outer Space& StrategicElectronicsMedical Railways IT, IoT,Consumer &othersAutomotive Industrial(Incl. EV) Vertical Wise Q1 FY 26 Q1 FY 27 19%36%45%25%23%51%OEM - Turnkey - Boxbuild ODM, Prod. Engg. IoTSolutionsOEM - Turnkey PCBA Segments Wise Q1 FY26 Q1 FY27Going forward the classification is subject to change Q1 FY26 Revenue -₹6,735 MnQ1 FY 27 Revenue -₹9,460 Mn % may not =100% due to round-off Q1 FY26 Revenue -₹6,735 MnQ1 FY 27 Revenue -₹9,460 Mn
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Diversified Revenue Mix 20 1%2%7%8%26%55%2% 2%6%10%25%55%Aerospace,Outer Space& StrategicElectronicsMedical Railways IT, IoT,Consumer &othersAutomotive Industrial(Incl. EV) Vertical Wise FY 25 FY 26 18%39%43%28%22%49%ODM, Prod. Engg. IoTSolutionsOEM - Turnkey - Boxbuild OEM - Turnkey PCBA Segments Wise FY 25 FY 26Going forward the classification is subject to change FY 25 Revenue -₹27,218 MnFY 26 Revenue -₹36,264 MnFY 25 Revenue -₹27,218 MnFY 26 Revenue -₹36,264 Mn % may not =100% due to round-off
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Profit & Loss – Q1 FY 27 21 YoY GrowthQ1’ FY 26Q1’ FY 27Particulars (₹Mn) 40%6,735 9,460 Revenue from operations57%3,956 6,205 Raw material cost44%589 851 Employee expenses(12%)1,059 929 Other expenses30%1,130 1,476 EBITDA(120 BPS)16.8%15.6%EBITDA margin (%)137%156 370 Depreciation and amortization expense(47%)271 144 Other income31%284 371 Finance cost(9%)961 879 Profit before tax46%215 314 Total tax expenses32%746 564 Net profit after tax(510 BPS)11.1%6.0%Net profit margin (%)
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Profit & Loss - Consolidated 22 FY26FY25FY24Particulars (₹Mn) 36,26427,21818,046Revenue from operations23,71918,99713,299Raw material cost3,1361,7811,028Employee expenses3,6692,3331,178Other expenses5,7414,1072,542EBITDA15.8%15.1%14.1%EBITDA margin (%)1,071447251Depreciation and amortization expense1,5681070559Other income1,1691013534Finance cost5,0693,7162,316Profit before tax1,404782483Total tax expenses3,6392,9341,833Net profit after tax10.0%10.8%10.2%Net profit margin (%) Values in ₹Million
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Balance Sheet - Consolidated 23 FY26FY25FY24Particulars (₹Mn) 13,320 6,263 3,276Gross Block (tangible assets)2,2231,218 682Accumulated Depreciation11,0975,045 2,594Net Block (tangible assets)5,3642,381 620Intangible assets14,00612,154 3,571Other non-current assets30,46719,580 6,785Total non-current assets11,032 8,144 5,483Inventories15,276 5,746 3,556Trade receivables7,986 10,563 15,256Cash and cash equivalents4,179 2,379 1,572Other current assets38,473 26,832 25,867Total current assets68,940 46,412 32,652Total Assets3,370 675 112Borrowings673 474 293Other non-current liabilities4,043 1,149 405Total non-current liabilities5,379 8,080 2,949Short-term borrowings8,508 6,829 3,610Trade payables3,386 1,912 803Other current liabilities17,273 16,821 7,362Total Current Liabilities47,625 28,442 24,885Total Equity & Reserves68,940 46,412 32,652Total Equity and Liabilities Values in ₹Million
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential Cash Flow Statement - Consolidated 24 FY26FY25FY24Particulars (₹Mn)Cash flow from operating activities5,043 3,7162,316Profit before tax1,674 626401Adjustment for non-operating items6,717 4,3432,717Operating profit before working capital changes(2,888)(2,661)(1,352)(Increase)/ decrease in inventories(10,239)(2,190)(1,420)(Increase)/decrease in trade receivables1,804 4,3901,238(Increase)/decrease in payables & other adjustments(4,605)(179)1,183Cash generated from operations(1,399)(644)(481)Less: direct taxes paid(6,004)(823)701Net cash from operating activities(9,172)(3,547)(15,052)Cash flow from investing activities15,796 4,65014,286Cash flow from financing activities620 280(65)Net increase/ (decrease) in cash & cash equivalent474 194259Add: Cash and cash equivalents as at 1st April000Add: Net effect of exchange gain on cash and cash equivalents1,094 474194Cash and cash equivalents as at 31st March Values in ₹Million
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential 2,869.24,741.43,427.8Q1' FY 24 Q2' FY 24 Q3' FY 24 FY 24 Q1' FY 25 Q2' FY 25 Q3' FY 25 FY 25 Q1' FY 26 Q2' FY 26 Q3' FY 26 FY 26Share Price Trend(₹)Market & Financial Performance 25 Opening Price (03rdApril 2023)Rs. 99249% CAGRClosing Price(31stMarch 2026)Rs. 3,427 18,046 27,218 36,264 14.1%15.1%15.8% 13.0% 13.5% 14.0% 14.5% 15.0% 15.5% 16.0% - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 FY 24 FY 25 FY 26Revenue(in ₹Mn)Revenue EBITDARevenue (FY26): CAGR 47.7%EBITDA (FY26): CAGR 50.6%
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Confidential© 2026 Copyright Kaynes Technology. All Rights Reserved Confidential26 Thank You! www.kaynestechnology.co.in