Sudarshan Annual General Meeting Awards Presentation

Quarterly Performance Highlights - Pigment Business Income from Operations (In Cr) Gross margin % EBITDA* (In Cr & Margin %) 558 483 594 41.5% 41.0% 76 40.0% +6% Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 13.7% 38 73 12.3% 7.8% Q4 FY22 Q3 FY23 Q4 FY23 ➤ Subdued demand across geographies and segments resulted in volume and pricing pressure in the first three quarters Strong performance in Q4'FY23 on demand revival * EBITDA as percent to Total Income from operations (excluding other income) 12 SUDARSHAN

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