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INVESTOR PRESENTATION DECEMBER 2016

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1 INVESTOR PRESENTATION DECEMBER 2016
EPC Roads & Highways Water Management (STP) Transmission & Distribution INVESTOR PRESENTATION DECEMBER 2016 Manufacturing Heavy Engineering Urban Buildings Civil Engineering Project Flyover & Bridges

2 2 Company Overview

3 Executive Summary COMPANY OVERVIEW BUSINESS MIX FY16 FINANCIALS
3 Sunil Hitech Engineers Limited (SHEL) was incorporated in in Nagpur, India by Mr. Ratnakar Gutte. The company has evolved into a diversified company having presence in Engineering, Procurement and Construction across Power, Construction, and Infrastructure sector. SHEL has executed projects across 17 States in India. The company has executed projects for marquee clients across public and private sectors like NTPC, BHEL, L&T, Reliance Energy, TATA, Jaypee Group, Aditya Birla Group, etc. COMPANY OVERVIEW EPC Projects EPC Projects for Roads & Highways, Flyover & Bridges, BOP & EPC assignments for power plants as well as providing comprehensive services in Civil Engineering, Architectural and Structural works. Operation & Maintenance The service portfolio covers providing permanent solutions to Operation, Overhauling & Maintenance (renovation and modernization) of Power & Steel plants. Manufacturing Manufacturing includes Heavy Engineering Fab Shop catering to Power, Infrastructure, Process & Chemical Industries. BUSINESS MIX Total Income INR 18,418 Mn Year CAGR 18.56% EBITDA INR 1,908 Mn Year CAGR 13.18% EBITDA Margin % PAT INR 481 Mn 3 Year CAGR 19.91% PAT Margin % FY16 FINANCIALS

4 Financial Performance (INR Mn)
Company at a Glance 4 Sunil Hitech Engineers Limited (SHEL), is among India’s leading Engineering, Procurement and Construction companies. The company has vast experience extending to projects in power sector, infrastructure, civil engineering projects, roads and bridges construction and urban buildings infrastructure. In Power projects, SHEL has extensive experience and provides design, manufacturing, supply, erection, testing and commissioning of BOP & EPC assignments. In Road projects the company is qualified for Road EPC projects from NHAI and MORTH for 2 lanes & 4 lanes projects up to Rs crores and BOT & Annuity Projects up to Rs. 900 crores. In Buildings construction, SHEL provides Building Construction services for Hospitals, National Institutions, Government Housing projects, industrial, commercial buildings, hostels, industrial sheds etc The company has also forayed into EPC for various high growth sectors like Solar, Railways, Water and Sewage Management. The company also does Operation, Overhauling and Maintenance (renovation and modernization) of Power plants and Steel plants up to 800 MW. SHEL also has a manufacturing arm of heavy engineering equipment for Power, Infrastructure, Process & Chemical Industries. Financial Performance (INR Mn)

5 Key milestones 5 Revenue* (INR Cr) 1984 Initial 10 years struggle and then received the first major order from BHEL at Chandrapur of Rs. 2.4 crores *1.64 *10 *133 *4.43 *36 *320 1994 Mr. Ratnakar M Gutte started business under the name “Sunil Engineering Works” 1996 "Sunil Hitech Engineers Pvt Ltd" incorporated vide registration No dated 29/05/1998 1998 Other major orders in MP and Rajasthan 2004 Crossed Revenue of Rs. 100 crores, Listed on BSE & NSE with 9 times over subscription of IPO 2006 Major work order from NTPC of Rs. 34 crores 2008 QIP of Rs. 81 crores in January 2008; Diversified in T&D segment & manufacturing through Seam Industries Ltd & OHSAS Certification dated 29/04/2008 2003 ISO Certification dated 28/03/2003 2009 First BOP job worth Rs. 487 crores; Civil & Structural job of 660 MW & 600 MW from L&T and Avantha Power worth Rs. 700 crores 2010 First of its kind Civil, Structural & Architectural Work Project from BHEL worth Rs. 235 crores 2012 Bagged first Buildings job from Bathinda, PWD - Punjab and Govindwal Jail worth Rs. 350 crores 2013 Erection of 800 MW Doosan Boiler 2014 Commissioned the pilot 5 MW Solar Power EPC Project in a Wholly Owned Subsidiary for gaining EPC experience 2015 Foray into EPC Road business with World Bank funded orders for WB, Bihar and Karnataka worth Rs. 900 crores 2016 Further strengthened Buildings portfolio by bagging largest Housing Sector from Bihar state with order worth Rs. 415 crores & UPRNNL Firozabad medical college order for Rs. 130 crs. *2,035 *1,854 *1,262 *777 *1,584 *977 *617 * These are consolidated nos

6 Board Of Directors Mr. Ratnakar Manikrao Gutte Mr. Sunil Gutte
6 Mr. Ratnakar Manikrao Gutte Chairman Mr. Sunil Gutte Managing Director Promoter of Sunil Hi Tech Engineers Limited, is a first generation entrepreneur. His 38 years of rich experience in project execution, especially in the areas of fabrication, erection, testing and commissioning of power plants has helped the Company immensely. A mechanical engineer from the Pune University. He thereafter completed the family business management course from S.P. Jain Institute of Management, Mumbai and the project management course from IIM, Ahmedabad. Mrs. Sudhamati R. Gutte Whole Time Director Mr Vijay Ratnakar Gutte Whole Time Director Mr C Venkataramana Whole Time Director Mr Anupam Dhiman Whole Time Director Mr Dilip Y. Ghanekar Independent Director Mr Sajid Ali Independent Director Mr Parag Sakalikar Independent Director Mr S.S. Waghmare Independent Director Mr Siddharth R. Mehta Independent Director Mr Anil R. Aurangabadkar Independent Director

7 Awards and Recognition
7 Awards Recognition 2015 2016 World Consulting & Research Corporation Leader Award 2015 Best Safety Performance Award (Memento) and “Excellence in Safety” certificate from NTPC ‘Marathwada Bhushan Mitra Gaurav Award’ – Chief Minister Honorable Mr. Prithviraj Chavan ‘Great Achiever of Industrial Excellence Award’ – Indian Organisation of Commerce and Industry 2015 2014 Certificate of Safety Performance from Adani Power Limited 2015 2014 WCRC Asia (Excellence Award) for “Asia’s Emerging Business Leader” to Mr. Sunil R. Gutte 'NCCL Award’ For Outstanding Performance in Industry & Business Sector – Nagpur Chamber of Commerce ‘Fastest Growing Business Excellence Award’ – Indian Organisation for Commerce and Industry 2015 2012 Certificate of Safety Performance Excellence with award from Jindal Power Limited 2015 2012 Certificate of Appreciation on Achievement of 2.5 lacs man-hours without any lost time accident at Gail India Ltd, PATA-UP site from GAIL Ltd. ‘Excellence Award’ – Global Organization ‘Life Time Udyog Achievement Award’ – Economic Growth Society of India

8 Geographical Presence
8 With projects spanning across the entire country, SHEL has an established presence in the landscape of power and related industries. Corporate Office, Nagpur & Noida Head Office, Mumbai Ongoing Projects Completed Projects

9 Clients 9

10 Key Strengths Research & Development Technology Plant Base
10 The Company lays significant emphasis on improvements in methods and processes in its areas of construction and operations. The primary focus of research is to continually refine the frequently used systems at our project sites to derive optimization, reduction in breakdowns, improve effectiveness and efficiency and hence provide a competitive edge for any project with value Engineering. SHEL has employed and adapted various specialist technologies and processes in construction projects. SHEL possesses proven expertise in construction of High Rise building executing large industrial civil work & construction of National Highways. Fabricating, erecting, testing and commissioning of bunkers, electrostatic precipitators, boilers and turbo generators sets in power plants In addition to human resources, availability of key plant and equipment provides strategic and competitive edge for SHEL activities. SHEL possesses an inventory of modern plant. Enhancements to plant inventory are carried out from time to time. The plant and equipment is handled in a centralized function headed by a senior experienced professional team. Research & Development Plant Base The company has an experienced professional senior management team, which is supported by capable professional employees. This makes it possible to sustain strategic direction, manage operations, risk profile and challenges. The Company over the years has built a passionate and well-trained managerial & technical work force of 1,648 dedicated employees. Technology Professional Team

11 Key Accomplishments of FY 15/16
11 1| Bagged Rs. 1,300 crs new orders in FY16, taking the order book to Rs. 3,430 cr, an achievement in a competitive market-place 2| Emerged as NTPC’s partner in three of its top five national projects 3| Bagged Rs. 200 crs worth of power transmission and distribution (T&D) projects Bagged Rs. 474 crs worth of road projects in Bihar funded by World Bank. 4| 5| Bagged Rs. 183 crs worth of Ash Dyke Package at NTPC Kudgi project 6| Recruited specialised talent for core managerial positions 7| Reinforced the business plan to enter synergic sectors through a prudent leverage of our rich civil engineering experience

12 12 Business Overview

13 Sunil Hitech Engineers Ltd
Business Verticals 13 Order Book Break-up Sunil Hitech Engineers Ltd Operation & Maintenance EPC Projects Roads & Bridges Buildings Power (Structural & Civil) Water Manufacturing (Heavy Engineering) Others (incl. T&D, O&M) Orders worth Rs crs Boilers and Auxiliaries Orders of Rs crs Roads & Bridges Orders worth Rs crs Civil Engineering Projects Orders of Rs. 1,352 crs Buildings Orders worth Rs. 1,048 crs Gross Order Book as on Sept. 30, 2016 stands at Rs. 3,694 cr

14 Operation & Maintenance
14 Over the years SHEL has made strong inroads in providing permanent solutions to Operation, Overhauling, Maintenance (renovation and modernization) of Power and Steel plants. As an experienced service provider in this segment, the Company has evaluated the best team of skilled technicians and qualified engineers. The service portfolio covers the entire spectrum of operation and maintenance of a plant including: Renovation of boilers, Turbine Generators and auxiliaries Repair, modification and rehabilitation for utility boilers up to 660 MW Pressure plants, milling system, rotating parts and ducting High Pressure/Low Pressure piping works Operations and maintenance of Coal Handling Plants(CHP) and Ash Handling Plants(AHP)

15 Key Projects of Roads & Bridges
EPC: Roads & Bridges 15 From local Roads to major Motorways, SHEL´s experienced civil engineers have been building the country´s infrastructure, thus providing people with the mobility they need. Across the country, SHEL is executing some remarkable transportation projects which include Expressways, National Highways, State Highways etc. Timely delivery within budgeted targets while adhering to international standards of safety & quality is the core strength of this business vertical. Improvement in the quality of life and sustaining economic growth are the prime factors we keep in mind when we design our sustainable roads and structures as they are critical for the expansion and prosperity of our country and its people. Qualified for Road EPC projects from NHAI and MORTH for 2 lanes & 4 lanes projects up to Rs. 500 crores and BOT & Annuity Projects up to Rs. 900 crores. SHEL is active in major works including: Construction of road and highways with paved shoulder Major and minor bridges Rail over bridge and rail underbridge Bus bays, truck lay byes and bus shelters Toll plaza Key Projects of Roads & Bridges 1) Sitamari Bihar- NH-104-Rehabilitation & Upgradation of 2 Lanes/ 2 Lane, NHIIP- 28.5kms- C.V Rs Cr 2) Jayanagar Bihar- NH- 104 – Rehabilitation & Upgradation of 2 Lanes / 2 lane, NHIIP – Kms – C.V. Rs Cr 3) Bankura Puralia West Bengal- – NH- 60A – Rehabilitation & Upgradation of 2 Lanes / 2 lane – 84 Kms – C.V. Rs Cr. 4) Madhugiri- Mulbagal Karnataka- Karnataka – NH-234 – Rehabilitation & Upgradation of 2 Lanes / 2 lane – Kms – C.V. Rs Cr.

16 Key Projects of Buildings
EPC: Buildings 16 For Building EPC SHEL entered the buildings space for PWD and other Govt. departments which includes providing Building Constructions services for Hospitals, National Institutions, Government Housing projects, industrial, commercial buildings, hostels, industrial sheds etc. Focus would be on Institutional Buildings like IITs, IIMs, AIIMS, Hospitals, Colleges, Hostels, Administration Building etc. SHEL has successfully executed single building projects worth Rs crores in last 2 years for PWD Government. SHEL is qualified for up to Rs. 500 crores for single project which would entail higher margins for lower competition. Key Projects of Buildings 1) Kanpur- KDA - Construction of EWS Houses – CV Rs Cr 2) Singreni- SCCL - Construction of Staff Quarters, GM Bungalow at Singareni TPP – CV Rs Cr. 3) Bihar- BSHB - Construction of 1054 Flats at Dalpatpur (G+11) – CV Rs Cr 4) Firozabad- UPRNNL - Construction of Medical college buildings – CV Rs Cr. 5) Bathinda & Govindwal- Construction of Central Sudhar Ghar– CV Rs Cr

17 Key Projects of Power Sector
EPC: Power Sector (Structural & Civil) 17 Provides design, manufacturing, supply, erection, testing and commissioning of BOP & EPC assignments for power plants. The BoP (Balance of Plant) and EPC (Engineering, Procurement and Construction) services for power plants account for the largest proportion of the Company’s revenues. The Company entered this business vertical in 2010 and completed projects amounting into 3,270 megawatts in FY The Company specialises in setting up EPC/turnkey projects (up to 660 megawatts), erecting boilers, TGs and auxiliaries, renovating and modernising BTG, T&D projects as well as overhauling, operating and maintaining power plants and steel plants (up to 800 megawatts). This end-to-end presence of SHEL has cemented its reputation as one of the most reliable names in the BOP and EPC segments. Our strength lies in our ability to create a synergy with renewable and alternate sources of power. It is due to this sustainable approach that we are the leaders in design, procurement, and construction of thermal and nuclear- fueled power plants. The Company commissioned & owned a 5-megawatt EPC pilot project in Solapur (undertaken through a 100%-subsidiary) for getting qualification in further EPC contracts. This was the pilot project done by the company to test the market. Key Projects of Power Sector 1) Koradi – MAHAGENCO – Civil, Structural & Arch works of 3x660MW Main plant package – CV Rs.215 Cr. 2) DB Power – Raigad, CG – Civil, Structural & Arch works of 2x600MW Main plant & BOP Pkg – CV Rs.170 Cr. 3) NTPC Kudgi – Construction of Ash Dyke for 3x800MW – CV Rs Cr. 4) NTPC Meja – CW & Make up water system package of 2x660MW – CV Rs Cr. 5) MAHAGENCO Parli – Balance of Plant (BOP) Package on EPC Basis – CV Rs.487 Cr. 6) BHEL North Karanpura – Main plant Civil works package of Unit-1 & 3, 3x660MW – CV Rs.175 Cr. 7) NTPC Lara – CW & Make up water system Package of 2x800MW – CV Rs Cr.

18 EPC: Water Management 18 SHEL is among India’s leading player in water purification technology for industrial and infrastructure markets with a focus on sea water desalination, water recycle and reuse & waste water treatment management. Under waste water treatment SHEL offers a number of tools to efficiently analyze, evaluate, and treat your entire wastewater operation from primary clarification to discharge. SHEL offers customized pre-engineered containerized water management solutions. Waste/Sewerage Water Management includes: Construction, Operation & Maintenance of Sewerage System 5 MLD to 40 MLD Capacities Technology - ASP/MBBR/SBR Technology Pipe Line ranging from 150 mm to 1100 mm diameter and the total Length ranges from 150 Kms to 300 Kms. Water Management includes: Raw Water intake System Construction, Operation & Maintenance of Water Treatment Plants - 10 MLD to 250 MLD Supply, Laying, Testing & Commissioning of Water Transmission Pipeline ranging from 430 Kms to 500 Kms O&M of entire system including water distribution service delivery, meter reading, billing & collection system.

19 Key Projects of Heavy Engineering
Manufacturing - Heavy Engineering 19 Manufacturing segment includes Design and Supply of: Super heater and re-heater coils Economizer and LTSH coils Water wall panels High pressure parts bend Structure of TG, bunkers and boilers Technological structures for power and process industry Tanks and vessels Piping Boiler pressure parts tubes up to 800MW Collection and emitting electrodes of ESP Air register assemblies Key Projects of Heavy Engineering 1) NTPC Mauda, Nagpur 660MW 2) NTPC Barh, Patna 3*660MW 3) NTPC Meja, UP 660MW 4) STPS Neyveli, Tamil Nadu 660MW 5) STPS Hardua Ganj, UP 660MW 6) PATH India Ltd, ROB (Road over Bridge), NH7 7) IL & FS Engineering's, RUB (Road under Bridge) Solapur

20 Major Executed Projects
20 Maharashtra Civil, Structural & Arch. works of 3x660MW Main plant package at MAHAGENCO Koradi Project Boiler erection package of 1x660MW, NTPC Mouda Project. Gujarat Boiler erection package of 1x500MW GSECL, Ukai Project. Fabrication and erection of structure and piping work, Dahej Uttar Pradesh Structural steel works at GCU Petrochemical plant at GAIL Pata Rajasthan 3x250 MW main plant structure, boiler and auxiliaries, Suratgarh Jharkhand 3x660MW North Karanpura - Civil & Structural works of Unit-1 & 3 - Rs.175 Crs Orissa 4x500 MW, SG and TG area civil package, structure and ash piping, Talcher Haryana 125 TPH HRSG, 2x250 MW TG and mill bunker structure, boiler and auxiliaries, Panipat 66 kV and 132 kV substation, Halluwas, Dahina and Gurgaon Karnataka JSW Steel Ltd, Bellary, structure of 7 MTPA sinter plant 2x300 MW, power plant general structure, JSW Vijaynagar Energy Ltd, Bellary Tamil Nadu 2x210 MW & 2x250 MW Structural works, NLC, Neyveli Himachal Pradesh 2x2.0 MW, Civil and Hydro Mechanical work, Sechi Andhra Pradesh 210 MW, Main Plant Building Foundation, RTPS, VV Reddy Nagar Chhattisgarh Civil, Structural & Arch works of 2x600MW, DB Power Project. Madhya Pradesh Civil, Structural & Arch works of 1x600MW Avantha Power Project at Jhabua. Main plant Civil works package of 2x250MW, MPPGCL, Satpura TPP Boiler erection package of 1x600MW at MPPGCL Malwa. Telangana SCCL Housing Project- Construction of Staff Quarters, GM Bungalow at Singareni TPP- Rs Crs BHEL Singreni 1X600MW - Main Plant civil works package - Rs.128 Crs Punjab 2x250 MW bunker structure, Bathinda Bihar IOCL Baruni - Civil and Structural works - Rs Crs Goa Go Green- Green Acres- G+4 Buildings, 5 Towers- Rs. 25 Crs

21 21 Industry Overview

22 Growing opportunities
Industry Overview 22 $250 Bn planned investments in India’s power sector Power generation capacity addition of 174.9GW up to 2022 Expansion of India’s road network from 92,850 kms to 100,000 kms by 2017 Proposed investment of $31 Bn in highways over five years Public-Private Partnership highway investments projected at around $31 Bn The Indian real estate market expected to grow from $78.5 Bn in 2013 to $140 Bn by 2017 Estimated $650 Bn required to upgrade India’s urban infrastructure in 20 years Urban Development Mission to develop 500 new cities Urban water infrastructure expected to emerge as an annual $30 Bn opportunity Growing opportunities SHEL is amongst the leading EPC contractors in the Indian power industry and specializes in BoP execution. The Company has cumulatively commissioned 34,714 MW of power plants. Qualified to bid for NHAI road projects having value up to Rs.900 crore Won the bid for EPC for a road project worth Rs. 474 crore located in Bihar funded by World Bank Plans to actively bid for road EPC tenders Possesses capabilities in EPC for urban water infrastructure and municipal solid waste Executing township development project for the Kanpur Development Authority Bagged EPC project of Rs. 350 crore for the construction of Central Sudhar Ghar at Bathinda and Govindwal in Punjab Bagged largest housing project for Rs. 415 crores in Bihar by Bihar State Housing Board. SHEL’s presence

23 23 Financial Overview

24 Standalone Income Statement
24 Particulars (INR. Mn) FY12 FY13 FY14 FY15 FY16 H1 FY17 Total Income(incl. other income) 8,754 11,051 14,422 16,652 18,418 9,488 Operating Expenses 7,540 9,735 13,003 15,057 16,510 8,490 EBITDA 1,214 1,316 1,419 1,595 1,908 998 EBITDA Margin (%) 13.87% 11.91% 9.84% 9.58% 10.36% 10.52% Finance Cost 471 583 770 778 857 428 Depreciation 308 296 244 259 319 157 Exceptional Items 9 Profit Before Tax 444 437 405 558 732 413 Taxation 204 156 155 189 251 146 Profit After Tax 240 279 250 369 481 267 PAT Margin (%) 2.74% 2.52% 1.73% 2.21% 2.61% 2.81% Diluted EPS (INR) 19.53 22.76 20.28 24.82 28.87 15.39

25 Standalone Balance Sheet
25 Particulars (INR Mn) FY14 FY15 FY16 H1 FY17 EQUITIES & LIABILITIES Assets Shareholder Funds Non-current Assets (a) Share Capital – Equity 136 153 173 189 Fixed Assets (b) Reserves & Surplus 2,992 3,426 3,969 4,308 (a) Tangible Assets 1,093 1,282 1,544 1,774 (c) Money Received against Share Warrants 30 62 48 (b) Intangible Assets 33 22 10 Total - Shareholder Funds 3,158 3,641 4,142 4,545 (c) Capital Work-in-progress 73 117 Non-Current Liabilities (d) Non Current Investment 357 500 512 504 (a) Long term Borrowings 304 436 405 465 (e) Long Term Loans & Adv. & other non-current assets 713 711 600 585 (b) Long term Provisions 21 24 14 15 (c) Other Long term liabilities 957 1,144 1,069 1,010 Total – Non-current Assets 2,269 2,632 2,801 2,864 (d) Deferred Tax Liability -75 -90 -94 Total - Non-current Liabilities 1,207 1,514 1,394 1400 Current Assets Current Liabilities (a) Inventories 1,395 1,748 2,081 2,370 (a) Short-Term Borrowings 3,508 3,363 3,642 3,686 (b) Trade Receivables 4,735 3,800 4,951 5,307 (b) Trade Payables 4,774 4,145 4,673 4,942 (c) Cash & Bank Balances 832 898 1,154 1,208 (c) Other Current Liabilities 1,161 1,224 1,371 1,520 (d) Current Investments 2 (d) Short-term provisions 23 43 16 (e) Short-term loans and advances 1,519 1,893 1,274 1,332 Total – Current Liabilities 9,466 8,780 9,729 10,164 (f) Other current assets 3,079 2,964 3,004 3,028 Total – Current Assets 11,562 11,303 12,464 13,245 GRAND TOTAL 13,831 13,935 15,265 16,109

26 Book Value per Share (INR)
Financial Performance 26 INCOME (INR Mn) EBIDTA (INR Mn) PAT (INR Mn) CAGR 18.56% CAGR 13.18% CAGR 19.91% RoCE & ROE (%) Net Debt Equity (x) Book Value per Share (INR)

27 Finance Cost (Rs. Crs) Break-up
Standalone Debt & Interest Profile 27 Total Debt As on Sep 2016 Rs. 416 Crores Finance Cost (Rs. Crs) Break-up for H1 FY17 vs. H1 FY 16 Long Term DebtLong Term DebtLong Term Debt Working Capital LoanWorking Capital LoanWorking Capital Loan Total DebtTotal Debt LC BG Utilized FacilitiesUtilized Facilities Rated CARE A- for Long Term

28 Disclaimer Valorem Advisors Mr. Anuj Sonpal, CEO
28 No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Sunil Hitech Engineers Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further information please contact our Investor Relations Representatives: Valorem Advisors Mr. Anuj Sonpal, CEO Tel: /22/23/24


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