Sudarshan Annual General Meeting Awards Presentation

Annual Performance Highlights - Pigment Business Income from Operations (In Cr) Gross margin % +9% 2,079 43.4% 2,020 42.8% 43.1% 41.8% 1,753 40.2% 1,590 1,477 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA* (In Cr & Margin %) 234 211 -2% 281 269 194 16.0% 14.3% 14.7% 13.3% 9.3% FY19 FY20 FY21 FY22 FY23 Inflationary cost pressures in RM and limited ability of pass through due to lower demand impacted Gross Margin for the year. * EBITDA as percent to Total Income from operations (excluding other income) 17 SUDARSHAN

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