Our Ref: COSEC/087/2023-24 9th August, 2023

By portal
The Corporate Relationship The Assistant Manager – Listing
Department National Stock Exchange of India Ltd.
BSE Limited Exchange Plaza, Bandra-Kurla
1st Floor, New Trading Ring Complex,
Rotunda Building, Bandra (East),
Phiroze Jeejeebhoy Towers, Mumbai 400 051
Dalal Street, Mumbai 400 001
Scrip Code : 500093 Scrip Id : CGPOWER
Dear Sir/Madam,
Sub: Intimation of Schedule of meeting with Analyst(s)/Institutional Investor(s).
Pursuant to Regulations 30(2) and 46(2) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended from time to time, please find below the
schedule of Analyst / Institutional Investor meetings in the US:

Day and Date Organised by

Monday, 14th August, 2023 DAM Capital Advisors Limited
Tuesday, 15th August, 2023
Wednesday, 16th August, 2023
Thursday, 17th August, 2023

Please find enclosed the presentation to be presented to the Investors on the date of the
meetings.

The above schedule is subject to changes due to exigencies on part of the Analyst/
Institutional Investor of the Company.
Request you to kindly take the above information on record.
Thanking you.
Yours faithfully,
For CG Power and Industrial Solutions Limited

Digitally signed by SANJAY

SANJAY KUMAR KUMAR CHOWDHARY
CHOWDHARY Date: 2023.08.09 17:35:53
+05'30'

Sanjay Kumar Chowdhary

Company Secretary and Compliance Officer

Encl.: As above.
Investor/ Analyst
Presentation
Contents

S. no. Particulars Page no.

1 Company Background 3-6
2 CGPISL – Standalone Performance 7-11
3 Industrial Systems – Motors & Drives 12-18
4 Industrial Systems - Railways 19-23
5 Power Systems 24-29
6 Key Updates – Q1 FY24 30
7 Operational Excellence at CG 31
Appointment of Senior people and Succession
8 32
Planning
9 ESG 33-34

2
Company Background
• CG Power and Industrial Solutions Ltd (“CGPISL”) is a 85+ years old Company with 16 manufacturing
facilities in India and 2 operating subsidiaries (including one outside India).

• Consumer products business (B2C business) in the erstwhile Crompton Greaves Ltd. was demerged in
FY 2015-16 and the name of the company was changed to CGPISL with different ownership.

• Business Divisions of the Company are:

Industrial Power
Systems Systems

Motors & Switchgears & other

Railways Transformers
Drives allied products

Sales PBT
Subsidiary name 1
(Rs. In crs) (Rs. In crs)

Subsidiaries Drives & Automation, Europe 393 37

CG Adhesives Products Ltd, India 24 3

Note:
1 The above numbers for Subsidiaries pertains to FY 23 converted at average exchange rates

3
Tube Investments of India is the new Promoter effective Nov 2020

CG Power and Industrial solutions Ltd (CGPISL), due to several reasons including diversion of
funds, suffered losses during the years 2017-2019 and became a non-performing asset.

The Lenders initiated steps to revive the company by bringing in a new promoter and in that
process, Tube Investments of India (TII) acquired majority equity stake and took control of the
company with effect from 26th November 2020.

TII infused capital of Rs. 800 crores, made a one-time settlement of all secured creditors and
guarantee obligations and paid all operational creditors. Besides, need based working capital
was also infused to revive the operations. TII now holds 58.05% of the Company.

The entire Board of Directors and Key Management Personnel were replaced w.e.f. 26th Nov 2020.
Mr. Vellayan Subbiah was appointed as Chairman of the Board and Mr. Natarajan Srinivasan was
appointed as Managing Director of the company.

4
Leadership Team

Mr. Natarajan Srinivasan

Managing Director

Mr. Ramesh Kumar N Mr. Mukul Srivastava Mr. Ajay Jain * Mr. Ranjan Singh
President - Industrial Division President – Switchgears Division Vice President – Transformers Executive Vice President –
Division Railway Division

Mr. Susheel Todi Mr. Sudhir Kulkarni * Mr. Sanjay Chowdhary *

Chief Financial Officer
Vice President - HR Company Secretary

* Inducted in Q1 FY 23-24
5
Two years snapshot

Operations Financial Legacy issues

 Customers and Suppliers  Revenue significantly  Old dues to Financial and

confidence have been improved from Rs. 2,526 Operational creditors and
restored and relationship crs in FY 2020-21 to Rs. Employees settled in full.
has been strengthened. 6,580 crs in FY 2022-23
(CAGR 61%)  Long pending Disputed
 Regained and significantly land sold and proceeds of
improved Market share in  EBITDA margin more than Rs. 402 crs realized.
all the major product lines doubled from 6.2% in FY
where CG is present. 2020-21 to 15.4% in FY  Recasting of 5 years
2022-23 accounts & Voluntary
 Higher participation and revision of accounts for
order wins in Tenders  Prepayment of Term loan the next 2 years (FY 2014-
issued by Utilities, Indian of Rs. ~830 crs (including 15 to FY 2018-19 & FY
Railways, EPC, etc. CG house debt) and Pre- 2019-20, FY 2020-21)
redemption of NCD of Rs.
 Robust Order book in 200 crs  Settlement of Corporate
hand Guarantees issued by CG

Market capitalisation increased from Rs. 5,252 crs as at 26 Nov 2020 to Rs. 57,806 crs as at 30 Jun 2023.
In FY 2022-23, Company resumed Dividend payment after a gap of 7 years. 6
CG Power and Industrial
Solutions Limited

Standalone Performance
CGPISL (Standalone)
Performance Highlights
Q1 FY 23- Q1 FY 22- Q4 FY 22-
Rs. In crores FY 20-21 FY 21-22 FY 22-23 Column12
24 23 23
Sales 2,526 5,159 6,580 1,766 1,559 1,788
% YoY growth (20%) 104% 28% 13%
EBITDA 157 642 1,016 277 189 273
EBITDA % 6.2% 12.4% 15.4% 15.7% 12.1% 15.3%
PBT (before EI) (91) 502 927 256 165 252
PBT % (3.6%) 9.7% 14.1% 14.5% 10.6% 14.1%
PBT (after EI) 824 742 983 256 166 255
PAT 689 627 785 192 124 240

Capital Employed 1,887 2,171 2,430 2,625 1,999 2,430

ROCE % (annualised) 5% 34% 47% 45% 38% 51%
Unexecuted Order Book 2,730 3,550 4,319 4,909 3,524 4,319
EI: Exceptional items

• Sales in Q1 FY 23-24 have grown by 13.3% YoY while PBT (before EI) has grown by 55.2% YoY.

• Order intake during Q1 FY 23-24 was Rs. 2,514 crs (47% growth YoY). Unexecuted Order book as
at 30 Jun 2023 stood at Rs. 4,909 crores (39% growth YoY).
8
CGPISL (Standalone)
Revenue and PBIT Mix
Sales (Rs. crs) - Q1 FY24 Sales (Rs. crs) - FY23

512 2,023
29%
29% 30%
31%
1,255 4,558
70%
71%
71% 69%

71%
Industrial Systems Power Systems Industrial Systems Power Systems

PBIT (Rs. crs) - Q1 FY24 PBIT (Rs. crs) - FY23

63 227
24%
24% 23%
197 748
76%
76% 79%
77%

Industrial Systems Power Systems Industrial Systems Power Systems

9
CGPISL (Standalone)
Balance Sheets and Key ratios
Rs. in crores 30-Jun-23 31-Mar-23 31-Mar-22 31-Mar-21
Fixed Assets 797 786 784 803 Net Working Capital 30-Jun-23 31-Mar-23 31-Mar-22 31-Mar-21
Inventory days 47 38 44 80
Investments 303 303 302 304
Trade Receivable days 67 68 68 98
Non-current assets 23 14 11 8 Trade Payable days (87) (88) (97) (185)
Deferred tax assets 371 434 623 733 Cash conversion cycle 27 19 15 (8)
Inventories 645 490 447 382
Trade Receivables 1,313 1,230 889 522 Key Ratios Q1 FY24 FY 23 FY 22 FY 21
Other Current Assets 302 286 314 440 ROCE % (annualised) 45% 47% 34% 5%
Cash and cash equivalents 719 662 460 399 Debt to Equity ratio (times) - - 0.16 0.91
Assets held for sale - - - 280 Current Ratio 1.65 1.54 1.27 0.94
Total Assets 4,471 4,204 3,830 3,871 Fixed Asset Turnover
(annualised) 8.93 8.38 6.50 2.97
Shareholders Equity 2,625 2,430 1,819 1,034 RoNW % (annualised) 34% 37% 32% 67%
Free Cash Flow (Rs. Crs) 41 749 388 (379)
Borrowings - - 299 942
Other Non-current liabilities 46 47 47 38
- Balance sheet today is strong (Company is debt free)
Trade Payables 1,354 1,253 1,125 999
and all the key ratios have improved significantly.
Other Current Liabilities 447 474 539 859
Total Liabilities 4,471 4,204 3,830 3,871 - In March 2023, Company declared and paid interim
Net Cash/ (Net Debt) 719 662 161 (542) dividend of Rs. 229 crs (75% on face value) after a
gap of 7 years.
Net Working Capital 604 467 211 (95)
10
CGPISL
Core Strengths

 Market leader and Volume player in Motors business.

 Excellent reach with loyal Channel Partners
 Proposed expansion in Motors (announced in Q2 FY23) and Transformers (announced in Q3
FY23) to give further economies of scale.
 Diversified product portfolio with complete range for Power Transmission and Distribution sub-
station.
 Lean cost structure and capability to serve customised solutions to customers.
 State of art Manufacturing facilities.

11
BUSINESS PRESENTATIONS

Industrial Systems
(A) Motors, Drives and Consumer products

(B) Railways
Motors, Drives & Consumer Products
Plant Locations and Product Portfolio
Plant Locations
Locations No. of plants
Ahmednagar 3
9
Manufacturing Goa 4
plants
Bhopal 2

Product Portfolio
Motors Drives Consumer products
Low Tension Large Industrial Fractional Horse Stampings Drives & Commercial
Motors Motors Power Motors Automation Products

13
Motors & Drives
Industry Size and CG Market Share
CG Market share
Growth in FY23
(in volume terms)
Industry Size
Product name (Rs. In crs) FY22 FY23 Market CG
Low Tension AC Motors 6,500 32% 35% 1% 11%
DC motors 250 36% 29% -10% -27%
Alternators 750 8%
Large Industrial Motors 1,640 16% 16% 39% 43%
Fractional Horse Power Motors 750 22% 26% -6% 9%
Drives 2,000 3% 4% 25% 55%
Exports from India 740
Imports 250
Total 12,880
Source: IEEMA data upto March 23 and Company estimates

14
Motors & Drives
Customers we serve

Large Drives
LT Motors FHP Motors
Industrial Machines & Automation

Leader

Power

Water &
WW
Oil & Gas

Material
Handling

15
Industrial Systems (Motors + Railways)
Performance Highlights
Q1 FY 23- Q1 FY 22- Q4 FY 22-
Rs. In crores FY 20-21 FY 21-22 FY 22-23 Column12
24 23 23
Sales 1,794 3,644 4,558 1,255 1,106 1,196
% YoY growth (13%) 103% 25% 13%
EBITDA 233 493 780 206 160 197
EBITDA % 13.0% 13.5% 17.1% 16.4% 14.5% 16.5%
PBIT 207 464 748 197 153 188
PBIT % 11.5% 12.7% 16.4% 15.7% 13.8% 15.8%

Capital Employed 119 281 374 498 334 374

ROCE % (annualised) 173% 165% 200% 158% 183% 201%
Unexecuted Order Book 1,673 1,992 2,040 2,035 1,819 2,040

• Sales in Q1 FY 23-24 have grown by 13.5% YoY while PBIT has grown by 29.4% YoY.

• Order intake during Q1 FY 23-24 was Rs. 1,395 crs (27% growth YoY). Unexecuted Order book
as at 30 Jun 2023 stood at Rs. 2,035 crores (12% growth YoY

16
 Motors & Drives
Growth Drivers

+ One

 MNCs – Make in India  Gas Filling stations  Telecom Towers  New Airports / Modernization
 Local Content Mandatory  Pharma & Chemical Plants  Data Centers  Water and irrigation Projects  New Line of EV Business
 Import Substitutes  Ethanol Plants  Energy efficient products  Roads & Flyovers  Motor components
 Export Opportunities  CBG Projects  Automation  Urbanization  Dedicated Freight Corridor
 Blowers & Compressors

 UL Approved Products  EV Motors

 Flame Proof Motors  Alternators  Fire Fighting Motors
 NEMA Standard Motors  Controllers
 Gas Group IIC Motors  Automation Products  Smoke Extraction Motors
 Customized Motors  Stamping
 IE3 & IE4 FLP Motors  IE3 & IE4 Motors  Roller Table Moors
 CSA / ATEX Approvals  Motors for Train
 MV Range FLP  Smart Motors  RRM & DC Machines
applications

As per IEEMA estimates, Domestic market for Industrial Motors is expected to grow by ~8% per annum for
next 3 to 5 years.
17
Motors
Expansion Project
 Highlights:
 Total Capex approved for Expansion project is Rs. 327 crs (including modernization & automation)
 Time Frame: Completion of Project progressively by FY 2024-25
 Expansion will be implemented in the existing plants taking advantage of the existing infrastructure and
Testing facility.
 CGPISL will use the opportunity to modernize and automate the entire plant using concepts of Industry 4.0

 Rationale :
 Domestic Market expected to grow at a CAGR of 8% over next 5 Years (As per IEEMA)
 CGPISL targets to be in Export Market – Export target to be @ 25% of aggregate sales
 To position the Company to cater to the emerging Electric Vehicle (EV) by supplying motors and inverters
 To meet the demand from MNCs as part of their China + 1 strategy

 Expected Incremental revenue from Expansion Project

Rs. crs FY25 FY26 FY27 FY28
Expected Incremental revenue
506 1,250 1,850 2,500
from expansion #
# At 75% capacity utilization of the expanded capacity
18
Railways Business
Railways Business
Plant Locations and Product Portfolio
Plant Locations
Locations No. of plants
3 Bhopal 2
Manufacturing
plants Pithampur 1

Product Portfolio
Rolling Stock Products Signalling products

Traction Machines Railway Transportation Railway Signaling

and Traction Electronics

20
Railways Division
Performance Highlights
Sales (Rs. crs) Unexecuted Order Book (Rs. crs)

1,119 892
925
845
831 821
355 308 815
265

FY 20-21 FY 21-22 FY 22-23 Q1 FY 23- Q1 FY 22- 31-Mar-21 31-Mar-22 31-Mar-23 30-Jun-23 30-Jun-22
24 23

• Sales in Q1 FY 23-24 have grown by 16.5% YoY.

• Order intake during Q1 FY 23-24 was Rs. 330 crs (71% growth YoY). Unexecuted Order book as at 30
Jun 2023 stood at Rs. 845 crores.

21
Railways Division – Business opportunities

Indian Railways (IR) plans to complete 100% Railway route Electrification by 2024-25.
100% Railway route Over 75% of 68,000 route kms.
Electrification More than 5 times electrification was achieved during (2014-21) last seven years as
compared to during 2007-2014.

Demand for urban There is a rapid increase in demand for urban mass transportation systems in the country.
transport Significant jump is expected in EMU/ MEMU and Metro requirement.

Gati Shakti IR plans to establish ~500 multi-modal cargo terminals under the ‘PM GatiShakti’
programme programme, with an estimated outlay of Rs. 50,000 crore (US$ 6.68 billion) in four-five years.

TCAS IR plans to carry out large scale implementation of TCAS on 37,000 route kms of HDN and
(Train collision HUN railway routes in next 5 years.
Avoidance System)

Electronic 2221 stations already covered with Electronic Interlocking, which constitutes 34% of the total
Interlocking stations in India and 1550 installations are planned shortly.

22
Opportunities for CG
(over and above the current Business lines)

• Rolling Stock /Propulsion

 Consortium/JV/partner route is being actively pursued with the trend of completely/ built
Loco/ Trains with corresponding qualification/ products it can offer.

 Contract manufacturing of Traction components for Indian/ Global projects with winner/s of
Rolling stock contracts wherein our talks and efforts are on, the market itself has entry
barriers such as the eligibility criterion, local manufacturing which limits the competition
opportunities for those MNCs which are not based in India.

 Efforts are on to enter the package propulsion business, to deliver the initial orders first & upgrade
the tech/ engineering skills in-house and enhance portfolio like control panels, etc.

 Entry into the Urban/ Metro market

• Signalling
• To have more products through tech tie-ups/ cross acceptance of already proven products such as
Electronic Interlocking, Axle counters, Digital axle counters etc.

23
Power Systems
A. Transformers B. Switchgears
- Power Transformers - Air Insulated Switchgears / Gas
- Distribution Transformers Insulated Switchgears
- Vacuum Interrupters
- Circuit Breakers
- Instrument Transformers
- Surge Arrestors
- Numerical Relays
 Power Systems
Plant Locations and Product Portfolio
Plant Locations
Locations No. of plants Products Range
4 Nashik 1 Distribution 315 kVA to 2.5 MVA
Manufacturing Aurangabad 1 Transformer (3.3kV to 33kV Class)
plants Power 3.0 MVA to 500 MVA
Bhopal 1
Transformer (66 kV to 765 kV)
Gwalior 1 Locomotive 6.531 MVA to
Transformer 7.775 MVA
Product Portfolio
Transformers Switchgears
Distribution Power EHV MV
Transformer Transformer Switchgears Switchgears

EHV: Extra High Voltage; MV: Medium Voltage 25

Power Systems
Industry Size and CG Market Share
CG Market
Industry Size
Product name Range share
(Rs. In crs)
(FY23)
A) Transformers
Power Transformer 3.0 to 500 MVA 6,500 6.4%
Distribution Transformer 315 kVA to 2.5 MVA 6,586 5.4%
B) Switchgears
Circuit Breakers 3.3kV to 800kV 3,761 16%
Surge Arrestors 3.3kV to 800kV 156 35%
Instrument Transformers 33kV to 800kV 548 33%
Vacuum Interrupters 690V to 72.5kV 152 36%
Bushings 52kV to 800kV 140 40%

Gas Insulated Switchgears 66kV to 245kV 1,244 4.5%

Source: IEEMA data upto Mar 23 and Company estimates

26
Power Systems
Performance Highlights
Q1 FY 23- Q1 FY 22- Q4 FY 22-
Rs. In crores FY 20-21 FY 21-22 FY 22-23 Column12
24 23 23
Sales 733 1,516 2,023 512 453 593
% YoY growth (34%) 107% 33% 13%
EBITDA (55) 181 262 72 49 83
EBITDA % (7.5%) 11.9% 12.9% 14.0% 10.8% 14.1%
PBIT (96) 145 227 63 40 75
PBIT % (13.1%) 9.5% 11.2% 12.3% 8.8% 12.7%

Capital Employed 66 298 372 417 348 372

ROCE % (annualised) NA 49% 61% 60% 46% 81%
Unexecuted Order Book 1,057 1,558 2,279 2,874 1,705 2,279

• Sales in Q1 FY 23-24 have grown by 13.1% YoY while PBIT has grown by 57.5% YoY.

• Order intake during Q1 FY 23-24 was Rs. 1,119 crs (84% growth YoY). Unexecuted Order book as
at 30 Jun 2023 stood at Rs. 2,874 crores (69% growth YoY).

27
 Power Systems
Demand Drivers

Renewable Energy METRO Projects GIS Substations in Urban Demand for Power Revamped Distribution
• Planned Establishment of • Projects planned in Area Transformers Sector Scheme (RDSS)
523GW by 2030 >40 Cities • GIS projects up by 30% • As on Nov. 2022, total
• Business Potential for EHV • Business Potential : in Power Utilities • Tariff Based 1.89 L Cr RDSS
Switchgear : Rs. 300 Cr 600 Cr (Next 5 Years) • Business Potential : Competitive Bidding proposals cleared.
(Next 5 years) Dedicated Freight 1000 Cr. (Next 5 Years) (TBCB) projects of Rs. • Business Potential :
• Alternate to SF6 gas Corridors 2 lacs crores expected 1000 Cr (Next 5 Years)
• MV Switchgear with Dry • Traction Stations in next 5 years.
air / Nitrogen • Business Potential :
200 Cr (Next 5 Years)

Data Centres Railway Service Business Make in India Initiative Export Business
• Digitalization and local data • Railways target 100% • Long Terms Service • Retrofit Business
regulation are drivers. electrification by 2023 Contracts. • Reduced Chinese • Business Potential :
• Nextra, Brookfield, • Modernization of • Spare Modules for Players 2500 Cr (Next 5 Years)
Princeton, L&T and Yotta Railway Stations (300 Older Installations
Infra are investing Nos) • Life Assessment and
• Business Potential : 300 Cr • Business Potential : enhancement
(Next 5 Years) 300 Cr. (Next 5 Years) programs for supplied
material.

28
Power Systems
Expansion and Project Cost

Rs Crs.
Sr. Approximate Capacity Addition/ Expected
Options Product Range
No Capex (Rs.) Incremental Revenue Completion

Capacity Expansion Capacity Addition for 220 8000 MVA = Rs. 500 crs of
1 86 crs Q2 2024-245
at T3 Bhopal kV, 160 MVA Range Additional Sales per Annum

Capacity Addition for LPT

Capacity Expansion 3000 MVA = Rs. 350 crs of
2 range , 145 kV, 50 MVA 40 crs Q2 2024-245
at T2 Malanpur Additional Sales per Annum
Range

Total 126 crs

29
Key Updates – Q1 FY24

• Concluded sale of business (excluding cash balance) in QEI LLC, USA for a total
consideration of USD 10.5 million.

30
Operational excellence at CG
 Project Mudra

• The Company engaged Tier-1 Management Consulting firm to drive the procurement efficiencies in all the
business divisions of the Company with special emphasis on Material cost reduction, Indirect cost
optimization and Capability building.

• Key levers such as Cleansheet based costing, vendor consolidation, alternate suppliers identification and
price rationalisation are some of the initiatives undertaken to successfully implement the project.

• Project commenced in the 2nd half of FY 2021-22 and started yielding positive results in FY 2022-23.
Continuous improvement in procurement efficiencies helped to achieve recurring cost savings. The
benefits/ savings are expected to continue and reach their full potential progressively.

 Project LEAN

• In Jun 2021, the Company engaged a top Japanese Consulting firm to implement LEAN initiatives across
all the business divisions. Periodic trainings were provided on Kaizen workshop, TQM and Lean Six Sigma
methodology.

• Lean initiatives aided the Company in debottlenecking, releasing added capacities and reduction of
wastage in the manufacturing units thereby yielding efficient material and labour movement.

31
Appointment of Senior people and Succession Planning

Function / Total Exp

Employee Name Hire Date Grade Joined From
Designation (yrs)
High Tech Rail Infra
Progress Rail
Mr. Chidambaram M Vice President- Head
19-May-23 L4 24 Innovations Pvt. Ltd,
Balakrishnan Railway Business
GE India Industrial
Pvt. Ltd
Hitachi Energy India
Vice President - Head Limited, GE T&D India
Mr. Ajay Vijay Jain 18-Jul-23 L4 29
Transformer Business Limited, ABB Limited
Maneja, GEC Alstom
ABB, Cummins,
Mr. Indraneel Subhash Vice president -
02-Jan-23 L4 27 Newage Electrical
Dhaneshwar Motors Business
India Ltd.
General Manager- TECON SES – UAE,
Mr. Sivakumar
03-Jul-23 L3 International Sales – 25 BMTS – UAE, ABB -
Subramanian
Industrial Division UAE

All the Businesses now have adequate senior/ experienced professionals.

32
Sustainability is an integral part of CG’s journey

Top 10 Material Topics for CG:

 In last financial year (i.e. FY23), CG identified 10
Material topics, refer adjacent table, with internal 1. Climate Action
and external stakeholder engagement. Plan to 2. Corporate Governance
focus on these topics to meet short to medium ESG 3. Human Capital Development
goals. 4. Human Rights
5. Product Stewardship
 CG acknowledges the impact of Climate change 6. Innovation Management
and has started its journey to develop a ESG 7. Responsible Supply chain
roadmap with effective Climate Change 8. Customer relationship management
Management measures and risk mitigations by 9. Responsible Investment Practices
ensuring business sustainability. 10. Community Relations

33
Key highlights of ESG for FY23

Environmental Social Governance

 Supplier Diversification
 13% reduction in Emission promoting Local  Enhanced the policies w.r.t.
intensity (Scope 1 and procurement Human Rights, Product
Scope 2) per rupee of sales Stewardship, Customer care,
in FY 23 over FY 2022  100% facilities are ISO Supply chain sustainability,
45001:2018 Occupational Human Resource Policy,
 15% reduction in Energy Health and Safety Environment and Health and
intensity per rupee of sales Management System Safety policy
in FY 2023 over FY 2022 complied
 100 % awareness on NGRBC
 1% reduction in Water  Supported the Flood aspects such as Health and
intensity per rupee of sales mitigation work at Safety
in FY 2023 over FY 2022 Residential colony in
Mandideep (Bhopal)
 Zero Single use Plastic
across CG  Donated to ‘Sampraday
Patashala’ program for
educating girl child
34
Safe Harbour
This Release / Communication, except for the historical information, may contain statements, including the
words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates,
contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of these
expressions or negatives of these terms indicating future performance or results, financial or otherwise,
which are forward looking statements. These forward looking statements are based on certain expectations,
assumptions, anticipated developments and other factors which are not limited to, risk and uncertainties
regarding fluctuations in earnings, market growth, intense competition and the pricing environment in the
market, consumption level, ability to maintain and manage key customer relationship and supply chain
sources and those factors which may affect our ability to implement business strategies successfully, namely
changes in regulatory environments, political instability, change in international copper, aluminum, oil prices
and input costs and new or changed priorities of the trade. The Company, therefore, cannot guarantee that
the forward-looking statements made herein shall be realized. The Company, based on changes as stated
above, may alter, amend, modify or make necessary corrective changes in any manner to any such forward
looking statement contained herein or make written or oral forward-looking statements as may be required
from time to time on the basis of subsequent developments and events. The Company does not undertake
any obligation to update forward looking statements that may be made from time to time by or on behalf of
the Company to reflect the events or circumstances after the date hereof.

35