Strategic Priorities and Growth Outlook

ווווה Consolidated Balance Sheet SARDA SARDA ENERGY & MINERALS LTD. Liabilities (INR Mn) FY 18 FY 17 Assets (INR Mn) FY 18 FY 17 Equity Share Capital 360 360 Fixed Assets 21,420 19,824 Other Equity 16,289 14,046 Investments 548 225 Total Equity 16,649 14,407 Other Financial Assets 165 150 Deferred Tax Assets Borrowings 9,832 9,232 Other Non-Current Assets 676 427 Other Financial Liabilities 152 129 Total Non Current Assets 22,809 20,626 Other Non Current Liabilities 78 95 Deferred Tax Liabilities 681 557 Inventories 4,113 3,426 Total Non Current Liabilities 10,743 10,012 Trade Receivables 1,312 1,065 Cash & Cash Equivalents 216 106 Borrowings 3,267 3,483 Other Financial Assets 4,423 4,597 Trade Payables 1,308 1,111 Current Tax Assets (Net) 4 2 Other Financial Liabilities 1,623 1,858 Other Current Assets (Net) 1,249 1,330 Provisions and Other Current Liabilities 536 280 Assets Classified as held for sale Total Current Liabilities 6,734 Total Liabilities 34,126 6,732 31,151 Total Current Assets 11,317 10,525 Total Assets 34,126 31,151 28

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