Long Term Sustainability and Fund Raising Plan

9M FY24 STEEL BUSINESS RESULT HIGHLIGHTS - - Q3 & 9M FY24 Note: Q3 FY24 Revenues from Operations Rs. 155.0 Crores ✓ -15% YoY Revenues from Operations EBITDA PAT KAMDHENU Samouma Suraksha Ki Guarantee STEEL Rs. 14.2 Crores Rs. 11.1 Crores -17% YoY EBITDA -7% YoY PAT Rs. 548.7 Crores Rs. 43.2 Crores Rs. 33.4 Crores -3% YoY -4% YoY +10% YoY The decrease in revenues and EBITDA is primarily attributed to a temporary reduction in construction activities in the Delhi NCR region during the third quarter due to implementation of GRAP by government authorities in the NCR region. Over the last quarter, there were 37 days of GRAP Stage 3 and above wherein construction activities were completely banned in NCR region which has led to reduced demand and therefore lower ASPs. This has led to lower revenues and profitability during the quarter. 11

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