Investor Presentation March 2023

Management Commentary GAURAV SARUP CO-FOUNDER & MD "We are pleased to present you our FY23 financial and operational performance. FY23 has been the most challenging year for Marshall. We have not only survived but come out of it stronger with a resolve to create value for our shareholders. We have undertaken a massive restructuring exercise to ensure the organization becomes leaner and fitter for future growth. We have substantially reduced our fixed overheads and are focusing more on niche markets where the company can realize a better profit margin. We are in process of raising funds which will be used to acquire very critical technologies which will help Marshall become the industry leader in India and help us to offer European technology at Indian prices. This technology along with the existing product portfolio of marshall will help the company achieve the set targets and help us to penetrate in new markets both segment wise and geography wise. We are expecting good growth for Marshall in this coming financial year and would like to thank our stakeholders for the support rendered so far. 32 MARSHALL MACHINES LIMITED

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