Investor Presentaiton

Significant Positive Developments The Company successfully closed merger deal with Rivulis on 29th March 2023. The Company successfully implemented restructuring plan within a period of one year as on 31st March 2023 The Company's Credit Rating was upgraded to Standard Asset (BBB-) by CRISIL and ICRA on 31st March, 2023 The Company's Bank account has become Standard Asset and transferred to Commercial Branches. On Consolidated basis, overall interest outgo has reduced by 2,000 mio in FY23. In FY24, the Company is expecting interest outgo of 3,200 mio excluding impact of non cash interest on NCD as per IndAS. 12

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