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Lumax Auto Technologies Limited LUMAX 80 1945 to ETERNITY Q1 FY 27 Investor Presentation DK JAIN GROUP
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Fostering Partnerships, Propelling Growth. Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but 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.Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. 2
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Lumax Group A Legacy of Innovation, A Future of Transformation8 Decades of Group Legacy2 Decades of Lumax Auto Technologies Fostering Partnerships, Propelling Growth.3
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Fostering Partnerships, Propelling Growth. A New Era 4 - Amalgamation of our eight -decade legacy & our eternal existence- Seamless and smooth transition over three generations- Shows the lineage of our Brand’s ethos across each era WARMTHPOSITIVITYPASSIONENERGY HERITAGESTABILITY
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Fostering Partnerships, Propelling Growth. 8 Decades of Lumax GroupBuilt by passion, relationships, and resilience 1945-1955Founded 'Globe Auto Industries' as a trading partnership firm1955-1975Set-up dedicated unit for Automotive Lighting Equipment in Delhi- NCR and Maharashtra 1985-1995Lumax Industries lists on Stock exchangesLumax industries formed JV with SL Corporation Korea. 1995-2005Lumax Auto Electricals was renamed to Lumax Auto Technologies Limited 2005-2015Listed Lumax Auto Technologies Limited on stock exchangesFormed JV with Cornaglia, Italy; & Mannoh Industrial, Japan 2015-2023Formed JV with FAE Spain; Ituran – Israel; Yokowo- Japan; Alps Alpine- Japan 1975-1985Lumax Industries Pvt Limited established from Globe Auto IndustriesTA signed with Stanley, Japan for Lighting EquipmentLumax Auto Electricals was established to manufacture 2-wheeler Lighting at Bhosari, Maharashtra 2023-2026Acquisition of 60% stake in Greenfuel Energy SolutionsOpening of ‘SHIFT’ Tech centerOpening of Japan satellite office & China representative office; Merger of IAC India completed 5
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Fostering Partnerships, Propelling Growth. 20 Years Of Lumax Auto Technologies - The Journey So Far(Growth Through Partnerships, Product Diversification & Strategic Acquisition) RevenueMetric2005 2026 Product Lines Manufacturing Plants Engineering Strength Strategic JVs/Alliances Sector Focus Rs. 100 Cr Rs. 4,870 Cr 1 - LightingDiverse – 13+ Advanced plastics, Interior Solutions, Metallics, Lighting, Aftermarket, Sensors, Electronics, Telematics & alternate fuels 1 28 facilities Pan-India <10Reverse engineering & Built to print>500Innovation & IPR focused NIL 7 JVs/Alliance 2W only Healthy mix of PV/2W/ CV 6
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Fostering Partnerships, Propelling Growth. EV Agnostic Product PortfolioSegmentProduct CategoriesProducts LinesICEEVContent per Vehicle (Rs.) 4W Advance Plastics Cockpits & Consolesüü 70K – 75K 5X GrowthLast 5 years Headliners üüDoor PanelsüüTrims üüLouvers üüAir Intake SystemsüXTanks üüMechatronicsPower window switchüüTelematics Control UnitüüAntennas üü Structures & Control Systems Gear ShiftersüüControl HousingüüMonostable E-shifters üüSmart ActuatorüüShift Tower üüSeating StructuresüüAlternate FuelsCNG delivery System NA 2WAdvance PlasticsLamps üü22K – 25K 5X GrowthLast 5 yearsFenders üüMechatronicsO2 Sensors, TPS & IVIüüStructures & Control SystemsFrames üüSwing Arms üü 7
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Fostering Partnerships, Propelling Growth. Product Wise Revenue •Innovation-Led GrowthDriving scale through R&D investments, new product development in future mobility, clean mobility, sensors and mechatronics•Strategic JVs & AcquisitionsAccelerating capabilities and market access via targeted partnerships. Powered By Diversification Across Products, Customers And Vehicle Segments Growth strategies Customer Wise RevenueSegment Wise Revenue 56%16% 6%8%8%6% Advance PlasticsStructure s & Control SystemsMechatronicsAftermarketAlternate FuelsOthers 30% 16%8%9%6%6%5% 20% M&MBajajAfter MarketMSILLILTATAHMSIOthers (Misc) 52%27% 8%8%5% PV2/3WAfter MarketCVOthers Q1FY27 Q1FY27Q1FY27 8
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Fostering Partnerships, Propelling Growth. 787, 49% 131, 8% 483, 30% 200, 13% Advance PlasticsStructures & Control SystemsMechatronicsAlternate Fuels 40% in Future& Clean Mobility1,601 Cr. Order Pipeline Timeline FY’27FY’28 TheorderbookissettoprogressinstagesachievingfullcompletionbyFY29. 379Cr.894 Cr. 24% 56% FY’29 328 Cr. 20% 9
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Fostering Partnerships, Propelling Growth. Strategic Manufacturing Locations in Proximity to Customers R&D Centre in ManesarEngineering Centres in Pune28 Plants in 7 StatesMap not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness 1 satellite office in Japan & 1 Representative office in China 1 tech center in Bengaluru -SHIFT (Smart Hub for Innovation & Future Trends) Manesar & Gurugram (Haryana)No of Plants - 9 Mehsana (Gujarat)No of Plants - 1 Pune, Nashik & Waluj (Maharashtra)No of Plants – 12 Pantnagar (Uttarakhand)No of Plants - 1 Bhiwadi (Rajasthan)No of Plants – 1Bangalore (Karnataka)No of Plants - 3 Pithampur (Madhya Pradesh)No of Plants - 1 10
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Fostering Partnerships, Propelling Growth. •Strategic investments and partnership with Greenfuel to accelerate adoption of clean mobility solutions • Meeting rising demand for advanced solutions in lightweighting and electronics by leveraging JV capability (IAC, Alps Alpine, Yokowo) Key Trends •Launch of SHIFT (Smart Hub for Innovation and Future Trends) to explore technologies like telematics, ADAS, HMI, and SDVs •100% acquisition of IAC India and strategic portfolio realignment to cater to OEMs’ focus on premiumization •Advancing carbon-neutral manufacturing through emission tracking and renewable energy integration across operations•Enabling a carbon-neutral supply chain via green sourcing, strategic locations, supplier training and digitalization•Driving water neutrality with STP upgrades, smart monitoring & investments in water-saving tech Accelerating Performance – Translating Trends into Action Future MobilitySmart Connected VehiclesFocus on Sustainability 11
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Lumax Auto TechnologiesNext Mid term Plan(FY26 – FY31)THE WAY FORWARDWhat got us here will not take us there!
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Fostering Partnerships, Propelling Growth. Our NorthStar: 20.20.20.20 - (A Four-Fold Strategy) Future & Clean Mobility Vision for EBITDA Margin ROCE – Capital Efficiency CAGR (Minimum) in Revenue20% 20+% 20% 20% 13
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Fostering Partnerships, Propelling Growth. Theme For Next Mid Term Plan (FY26-31)BRIDGE: Bold Roadmap Integrating Diverse Growth Engines(Transforming From Tier-1 To Tier-0.5 System Integrator) Launch of ‘SHIFT#’Strengthening digital edge with a dedicated SDV* vertical. Develop mobility solutions from smart systems to advanced driver assistance as a full systems supplier. Foray into Body Control Modules (BCMs)Expanding intohigh-value vehicle electronics to boost OEM integration. 100% IAC MergerTo boost free cash, better leverage for future inorganic steps. Higher Content per Vehicle & JV Wallet ShareDriving margin expansion through deeper OEM penetration. Accelerating ESG: Inclusion, Renewables, SustainabilityFast-tracking green energy adoption and inclusive growth. Aftermarket OverhaulPivoting to demand-led growth for deeper customer engagement and new revenue streams. SHIFT - Smart Hub for innovation & Future Trends*SDV - Software-Defined Vehicle 14
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Fostering Partnerships, Propelling Growth. 11001900 3637 10860 FY 20FY 25FY 25 FY 31E 27% CAGR (Organic + Inorganic) 20% CAGR (Organic + Inorganic)* 12 % CAGR – Organic Growth 11,000 8,500 15 % CAGR – Organic Growth Minimum 20% Revenue CAGR From Past Growth to Future Target Rs in Crore AcceleratedGrowthFrom:•NewProductSegmentsIn CleanAndFutureMobility•SoftwareDrivenSolutionsfor ADAS& Connectedvehicles•Trendsin Premiumization& Lightweighting•FutureAcquisitions 15
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Fostering Partnerships, Propelling Growth. 20% EBITDA Margin & ROCEProfitability & Value Creation 151201369500 1000 10%11%12% 14%16% 20% 14% 16%17%18% FY22FY23FY24FY25FY28FY31EBITDA (Rs.)EBITDA Margin (%)RoCEVISION 20% 16
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Fostering Partnerships, Propelling Growth. Focus on EVs, Clean Energy, Electronification 20+% from Future & Clean Mobility Shift Towards Future Mobility 6% 94% FY25 20% 80% FY31 15% 85% FY26 Future & Clean MobilityOthers 17
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Q1FY27 Operational & Financial Performance
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Fostering Partnerships, Propelling Growth. Q1FY27 Highlights (Consolidated) 19 •Consolidated Revenues: INR 1,364 cr, YoY increase of 33% reflecting consistent scale-up across core product categories, increasing wallet share with OEMs and premiumization-led value enhancement. •Advanced Plastics & Interior Systems revenue up 47% yoy to INR 769 cr•Structures & Control Systems revenue up 20% to INR 218 cr•Greenfuel revenue up 17% to INR 111 cr•Aftermarket revenue up 6% to INR 104 cr•Mechatronics revenue up 56% to INR 84 cr •EBITDA: Q1FY27 at INR 205 cr, up 51% YoY with EBITDA margins of 15.1%, an expansion of 190 bps YoY and 40 bps QoQ•PBT: Q1FY27 at INR 132 cr, up 78% YoY with PBT margins of 9.7%, an expansion of 250 bps YoY and 80 bps QoQ •Free Cash: INR 415 cr (8% of revenue)•Debt: Long term (gross) = INR 508 cr ; Net = INR 93 cr•Capex: Q1 FY27 INR 23 Cr RevenuesSegmentalProfitability & ReturnsDebt and Capex Strong start to the year, Q1FY27 Revenues up 33% YoY, EBITDA up 51% YoY with margin expansion of 190 bps
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Fostering Partnerships, Propelling Growth. Q1FY27 – Financial SnapshotRevenue (Rs. In Cr.)EBITDA (Rs. In Cr.)PAT before MI* (Rs. In Cr.) EBITDA Margin (%)PAT Margin before MI (%) 10261364 Q1FY26Q1FY27 + 33% 13.2%15.1% Q1FY26Q1FY27 5.3% 7.2% Q1FY26Q1FY27 20 136205 Q1FY26Q1FY27 + 51% 54 99 Q1FY26Q1FY27 + 83% + 190 bps + 190 bps
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Fostering Partnerships, Propelling Growth. Consolidated Profit & Loss Statement Particulars (Rs. in Crores.)Q1FY27Q1FY26Y-o-YRevenue 1,3641,02633%Raw Material Consumption873663Employee Expenses179139Other Expenses122 99Other Income15 11EBITDA 205 13651%EBITDA Margin %15.1%13.2%Depreciation49 39Finance Cost25 23Profit Before Tax13274 78%Tax 33 20Profit After Tax (Before Minority Interest)99 54 83%PAT Margin % (Before Minority Interest)7.2%5.3%EPS (In INR)12.76.1109% 21
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Fostering Partnerships, Propelling Growth. Upholding Excellence in Corporate Governance Over 6 decades of experience in the automotive industry in management, operations & administrative roles.He has held various industry positions He holds a business graduate degree from the Illinois Institute of Technology, USA with specialization in operations management & international business.He has undergone extensive training at Stanley Co. Inc., USA & Stanley Electric Co. Limited, Japan and has over 25 years of experience and also holds various key industry positions. Promoter GroupBoard of Directors Mr. ParagChandulal Shah BS in Computer Engineering from Illinois and General Management Program from HBS having over 25 years of experience, including various Leadership positions at Mahindra Group Ms. Diviya Chanana Graduate & holds Diploma in Travel and Tourism having over 25 years of experience Mr. Arun Kumar MalhotraB.E Mechanical & MBA from IIM, Kolkata having over 30 years of experience Mr. A P GandhiMechanical Engineer, possesses over 5 decades of experience. Held top leadership positions in prestigious organizations. Independent DirectorsMr. Dhanesh Kumar JainChairman Mr. Deepak JainVice Chairman 22 He holds a bachelor’s degree in Business Administration in Finance and Supply Chain Management (double major) from Michigan State University, USA.He worked as a Management Trainee withGHSP, USA and subsequently, joined Lumax Group, in 2000 and has over 25 years of experience. He also holds various industry positionsMr. Anmol JainManaging Director
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Fostering Partnerships, Propelling Growth. Visionary Leadership Team Mr. Vikas MarwahChief Executive OfficerExperience: 30+ YearsMr. Sunil KoparkarHead, IAC Experience: 30+ Years Mr. Sanjay BhagatHead After Market Experience: 30+ YearsMr. Akshay KashyapManaging Director and CEOLumax Greenfuel Experience: 20+ Years Mr.SanjayMehtaDirector&GroupCFOExperience: 30+Years Mr.AnkitThakralChiefFinancialOfficerExperience:15+Years MrSatishSundaresanChiefTechnologyOfficerExperience: 20+Years Mr.PankajMahendruCompanySecretaryExperience: 15+Years 23
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Fostering Partnerships, Propelling Growth. We believe in upskilling women and promote gender diversity Promote Utilization of Renewable energy towards 2028 net zero challengeMotivate team to increase daily KaizenReduce Energy consumption (energy saving) Lumax – Plant Carbon Neutrality Strategy First, we will mitigate the carbon emission by using Renewable energy, then by motivating team to increase daily Kaizen & by reducing energy consumption 20+%Today30%In next few years Gender Diversity & Inclusivity ü100% ETP & STP in all plantsüDiversity ratio 10%üISO 14001 & ISO 45001 (EHS) in all major plantsüISO 27001- R&D üAdvance Equipment installation for the reduction of fresh-water intake.ü5% reduction of Co2 (Supply chain partners)üDiversity ratio by 15%.üISO 50001:2018 (EnMS)- Model plantsüISO 27001- Model plants ü100% rain-water harvesting setup.ü10% reduction of Co2 (Supply chain partners)üDiversity ratio by 20%üISO 50001:2018 (EnMS) in all major plantsüISO 27001- in all plants & offices. ü25% reduction of Co2 (Supply chain partners)ü30% reduction of Co2 (Supply chain partners)ü40% reduction of Co2 (Supply chain partners)üDiversity ratio by 25%üInclusivity 5% FY24-25FY25-26FY26-27FY27-28FY28-29FY29-30 Our ESG Roadmap Total Inclusivity Number - 70 24
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Fostering Partnerships, Propelling Growth. Driving Social Progress, One Initiative at a Time Lumax Charitable Foundation, the CSR arm of Lumax Group, the Foundation is committed to three key SDGs, reaching underserved communities across five states: Quality Education Good Health & Well-beingClean Water & Sanitation Eye care and cataract surgeries - 823Cancer treatment & patient support - 651 Children supported with juvenile diabetes management -35 Mobile Health Unit – Primary Health care to communities - 17117 25
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Fostering Partnerships, Propelling Growth. CSR Initiatives Operating across 33 government and low-income private schools in five states across India, near Lumax plant locations, the Foundation provides holistic educational support ‘beyond classroom learning’. Transforming lives through education and health interventions. Empowering communities - one student, one patient, one future at a time. 8000+ students received Life Skills Education7200 students benefited from Career Counselling & Guidance500 Primary students engaged in Life Skills & STEAM Education568 scholarships awarded to support higher education3500 students reached with personal and menstrual hygiene awareness 26
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Fostering Partnerships, Propelling Growth. Celebrating Milestones with Awards & Accolades 27 LCAT won Gold award at the 50thInternational Convention on Quality Control Circle (ICQCC 2025) held in Taiwan. Lumax Group has been getting recognition at the ICQCC for 7 consecutive years JIPM-TPM Excellence Award March 2026 - Lumax Auto Technologies, Metallics Division - Kuruli Lumax Auto Technologies has been honoured in the LACP Awards for the 2024-25 cycle, marking our seventh consecutive year of recognition. Ranked #72 Globally, Platinum Award – Annual Report, Gold Award – Integrated Report, Technical Achievement Award for overall excellence in the art and method of integrated report communications for the past fiscal year Lumax Group Recognised As A Most Preferred Workplace 2026-27 by Marksmen DailyFour products each from the LATL Chakan and Pantnagar plants have received the GreenPro Ecolabel Certification Lumax Auto Technologies was recognised at the BAVA Conference 2026 with the Super Platinum Quality Award for Sambhajinagar G-53 Plant and the TPM Excellence Award for Kuruli Plant.
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Fostering Partnerships, Propelling Growth. Celebrating Milestones with Awards & Accolades LCAT received Sustainability Excellence Award at the Tata Motors Annual Supplier Conference 2025 Mr. Vikas Marwah, CEO received Hall of Fame at the Manufacturing Today Annual Summit Lumax Mannoh Allied Technologies honoured with CNBC-TV18SMEChampions Awards 2025 – Season 2 in the category of ManufacturingSMEof the Year – Industrial Excellence. Lumax Ituran Telematics received Runner-Up award under ‘Partnership’ category at Daimler Truck Annual Supplier Meet 2025 28 Lumax Auto Technologies – Bengaluru Plant has been honoured with the Excellence in Quality Management – Plastics award at the Honda Motorcycle and Scooter India Supplier Convention 2026 Lumax Alps Alpine received Localisation of Design & Development Capability in the year 2025-26 at the Maruti Suzuki Vendor ConferenceIAC Division received Part Development in the year 2025-26 at the Maruti Suzuki Vendor ConferenceMahindra Supplier Excellence Award for Execution Excellence 2026
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Annexures
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Fostering Partnerships, Propelling Growth. Subsidiary Highlights No of Plants Key Customers Order Book Products Key Financials Q1 FY27 (Cr) Shareholding (%) Mannoh 4 MSIL, M&M, Toyota, TATA, HCIL, Daimler Rs 94 crores Shift levers (AT and MT), Spare wheel carriers, Forged cutting products Revenue100EBITDA16PAT10 55% 30 Revenue54EBITDA12PAT7 50% Cornaglia 1 Tata, Toyota, Volkswagen, M&M, MG Rs 49 crores Air filters, Plastic fuel tanks, and Urea tank
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Fostering Partnerships, Propelling Growth. Subsidiary Highlights No of Plants 1 1 1 Key Customers MSIL, HMSI Daimler M&M, HCIL, Toyota Order Book Rs 154 Crores Rs 23 Crores Rs 85 crores Products Electric devices and components Telematics Antennas & other vehicle communication products Key Financials Q1 FY27 (Cr) Revenue42EBITDA5PAT2 Revenue8EBITDA1PAT0.2 Revenue13EBITDA1PAT-0.7 Shareholding (%) 50% 50% 50% Alps Alpine Ituran Yokowo 31
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Fostering Partnerships, Propelling Growth. Subsidiary Highlights No of Plants 1 2Key Customers REML, M&M MSIL, Tata, SML, VECV Order Book Rs 6 Crores Rs 200 crores Products Oxygen Sensors CNG Products Key Financials Q1 FY27 (Cr) Revenue21EBITDA2PAT5 Shareholding (%) 100% 60% FAEFAE# Greenfuel Energy Revenue111EBITDA26PAT11 32
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Fostering Partnerships, Propelling Growth. Thank You For further information, please contact: Lumax Auto Technologies LimitedCIN: L31909DL1981PLC349793Ms. Surabhi Chandnasurabhi.chandna@lumaxmail.com www.lumaxworld.in/lumaxautotech Strategic Growth Advisors Pvt. LimitedCIN: U74140MH2010PTC204285Mr. Sagar Shroff / Mr. Ayush Hariasagar.shroff@sgapl.net / ayush.haria@sgapl.netTel: +91 98205 19303 / + 91 98204 62966www.sgapl.net Company Investor Relations 33