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Investor Presentaiton

GRANULES CZRO: Frugal Approach to Investment Phase Wise & Stage Gated Investment To be commissioned in a Phase wise and Stage gate manner over the next 5 years. Total Planned Outlay:* 2000 Cr over 5 years Strengthening our Core Business Focus for the first phase is to strengthen our existing Core Business ■ Key intermediates for Metformin and Paracetamol Frugal Approach to Capital Deployment Investment Plan with Optionality Built in Start with pilot scale investment, Post validation/ optimization, move to "at-scale" manufacturing Focus on quick commercialization and move over to the next product FY 24 Capex Outlay for CZRO Planned outlay for FY24 at *250 Cr *100 crore for land and civil works *150 crore for a pilot plant for two KSMs and a commercial plant for one of the KSMs 18
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