Valiant Organics Limited has informed the Exchange about Investor Presentation
February 18, 2025
To, Listing/Compliance Department BSE LTD Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001 SCRIP CODE - 540145
Dear Sir / Madam,
Sub:
Investors’ Presentation
To, Listing/Compliance Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (E), Mumbai- 400 051. SYMBOL- VALIANTORG
Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Please find enclosed herewith Q3 FY 2024 - 25 Results presentation of Valiant Organics Limited (the “Company”).
A copy of aforesaid www.valiantorganics.com.
Investor Presentation
is also hosted on
the website of Company at
Kindly take the same on your record.
Thanking you.
Yours faithfully,
For Valiant Organics Limited
Kaustubh B. Kulkarni Company Secretary ICSI M. No.: A52980
Encl.: As above
Regd. Office:109, Udyog Kshetra, 1st Floor, Mulund Goregaon Link Rd, Mulund West, Mumbai 400080, India. +91 22 6797 6683 • info@valiantorganics.com • www.valiantorganics.com CIN NO.: L24230MH2005PLC151348
E a r n i n g s P r e s e n t a t i o n | Q 3 / 9 M - F Y 2 5
SNAPSHOT
One of the largest chlorophenol derivatives manufacturer globally
One of the leading manufacturer of Benzene derivatives products
One of the largest domestic PNA manufacturer
One of the few commercial players in Ortho Anisidine and Para Anisidine
Amongst 1st few domestic PAP Manufacturers
Diversified client base across Pharmaceuticals, Dyes & Pigments, Agrochemicals and specialty chemicals.
6 Manufacturing units across 5 Locations
5 Zero Liquid Discharge plants
Total Production Capacity of 70,000 TPA
1,000+ Employees
2
Company Overview
Valiant Organics Limited was incorporated in 1984 by first generation technocrats and is headquartered out of Mumbai, India.
The company is focused on the manufacturing and marketing of specialty chemicals which find usage in a variety of industries, including agrochemicals, pharmaceuticals, dyes, pigments, and veterinary medications.
Key chemistries include Chlorination, Hydrogenation, Ammonolysis, Acetylation, Sulphonation, Methoxylation amongst others.
Over the years the company has primarily focused on manufacturing specialty chemicals that have a high demand but low supply and are primarily dependent on imports.
The company is listed on both the BSE and NSE with a market capitalization of INR ~ 8,486.7 Mn. as on 31st December, 2024.
Operating Revenue (INR Mn) and EBITDA Margin (%)
FY24 Revenue Break-up – Chemistries
FY24 Revenue Break-up – End user Industry
11,533
10,518
17.77%
15.62%
14 000
12 000
10 000
80 00
60 00
40 00
20 00
0
7,231
5.28%
5,149
6.49%
50 .0 0%
45 .0 0%
40 .0 0%
35 .0 0%
30 .0 0%
25 .0 0%
20 .0 0%
15 .0 0%
10 .0 0%
5.00 %
0.00 %
FY22
FY23 Revenue
FY24
9M-FY25
EBITDA Margin
Others, 6%
Ammonolysis, 28%
Chlorination, 24%
Dyes & Pigments; 43%
Hydrogenation, 41%
Pharmaceuticals; 19%
Specialty Chemicals; 5%
Agro Chemicals; 33%
*Pursuant to the allotment of further equity shares through IPO by the Company's material step down subsidiary namely, Valiant Laboratories Limited ("VLL"), the stake of Company's subsidiary Dhanvallabh Ventures LLP in VLL has been diluted to 46.83% and accordingly VLL has ceased to be a step down subsidiary of the Company and has became an associate company w.e.f. October 04,2023. Hence, consolidated financial of previous periods and YTD results are not comparable.
Valiant Organics Limited | Q3-2025
3
Chemistries And Product Basket
Ammonolysis
Key Products: • •
Para Nitro Aniline Ortho Chloro Para Nitro Aniline
Industries Served: • •
Dyes Pigments
9M-FY25 Revenue Share
44%
4
30%
Hydrogenation
Ortho Anisidine Para Anisidine IPPCA
Key Products: • • • • Meta Chloro Aniline • Para Amino Phenol • Ortho Amino Phenol
Industries Served: • • • •
Dyes Pigments Pharmaceutical Agro Chemicals
Others Acetylation Key Products: • • •
6 Acetyl OAPSA OA Acetanilide PA Acetanilide
Industries Served: • Dyes
Sulphonation Key Products: • OT5SA • 4B Acid • 2B Acid
Methoxylation Key Products: • •
Ortho Nitro Anisole Para Nitro Anisole
Industries Served: • Dyes • Pigments
Industries Served: • Dyes • Pigments
19%
Chlorination
7%
Key Products: • • • • •
Para ChloroPhenol (PCP) Ortho ChloroPhenol (OCP) 2,4 Di Chlorophenol (2,4 DCP) 2,6 Di ChloroPhenol (2,6 DCP) 2,4,6 Tri ChloroPhenol (2,4,6 TCP)
Industries Served: • Agro Chemicals • Cosmetics • Veterinary • Pharmaceuticals
Valiant Organics Limited | Q3-2025
4
Manufacturing Footprint
CHLORINATION – SARIGAM • Capacity: 18,000 MTPA • Products: PCP, OCP, 2,4 DCP, 2,6 DCP, 2,4,6 TCP
AMMONOLYSIS - VAPI • •
Capacity: 9,000 MTPA Products: PNA, OCPNA
AMMONOLYSIS - TARAPUR • Capacity: 6,600 MTPA • Products: PNA
HYDROGENATION & METHOXYLATION- JHAGADIA UNIT 1 • •
Capacity: 27,000 MTPA Products: ONA/OA, PNA/PA, IPPCA, CONVERSION PRODUCTS
HYDROGENATION – JHAGADIA UNIT 2 • •
Capacity: 12,000 MTPA Products: PAP, PHARMA INTERMEDIATES
ACETYLATION & SULPHONATION – AHMEDABAD • •
Capacity: 1,800 MTPA Products: 6 ACETYL OAPSA, OA/PA ACETANILIDE, OT5SA
Valiant Organics Limited | Q3-2025
5
Key Strengths
Domain expertise and broad process understanding in a variety of chemistries. The executive team is made up of first-generation technocrats with more than 50 years of collective expertise.
Wide supply chain provides the continuous availability of adequate and high-quality raw materials and manufacturing.
Plant locations are strategically located near ports to provide a competitive advantage, significant logistical cost savings, and faster delivery times.
Robust Business Model
Integrated Operations
Strong Customer Relations
Distinct Product Portfolio
Domain Knowledge
Widespread Supply Chain
Strategic Location of Plants
Diverse product range and client base across numerous industries and countries provides a sustainable business model in multiple chemistries by lowering product, industry, and geographical risk.
Multi-use and backward integrated plants to produce a wide range of products and tailor them to meet the diverse needs, technical qualifications, batch sizes, and delivery schedules of our clients.
Established multi-year relationships with clients in both domestic and international markets due to high-quality standards, innovative production capabilities.
Manufacturing a diverse range of intermediates as well as value-added products for a variety of industries.
Valiant Organics Limited | Q3-2025
6
Q3/9M-FY25 HIGHLIGHTS
Valiant Organics Limited | Q3-2025
7
CONSOLIDATED FINANCIAL HIGHLIGHTS
Q3-FY25 CONSOLIDATED FINANCIAL HIGHLIGHTS
9M-FY25 CONSOLIDATED FINANCIAL HIGHLIGHTS
INR 154 Mn Operating EBITDA
INR 55 Mn Profit After Tax
INR 1.01/ Share EPS
INR 1,869 Mn Operational Revenue
8.24% Operating EBITDA Margin
2.94% PAT Margin
INR 334 Mn Operating EBITDA
INR (76) Mn Profit After Tax
INR (3.67)/ Share EPS
INR 5,149 Mn Operational Revenue
6.49% Operating EBITDA Margin
(1.48)% PAT Margin
Valiant Organics Limited | Q3-2025
8
Q3/9M-FY25 Operational Highlights
•
•
Strong demand revival witnessed across all 3 key chemistries, ensuring good revenue EBITDA growth, although pricing pressures remain a challenge.
Q3-FY25 Revenue Break-up – Chemistries
Others, 5%
Strong production volume with performance and cost controls lead to improvement in margins.
improved utilizations, resulted
in good revenue
• Gross Margins for the quarter improved by 200 bps YoY & QoQ, confirming efficiency gains, PAT Margins also improved significantly from the prior quarter and same period in previous year.
Chlorination, 20%
Ammonolysis, 27%
Hydrogenation, 47%
•
The Ahmedabad unit saw significant disruption due to the fire incident that took place on 22nd October 2024, leading to lower production levels. The unit has resumed operations since 20th Jan 2025.
9M-FY25 Volume Break-up – Chemistries
Others, 3%
Ammonolysis, 27%
Chlorination, 25%
Hydrogenation, 45%
Valiant Organics Limited | Q3-2025
9
Key Chemistries
Chlorination (INR Mn)
Hydrogenation (INR Mn)
Ammonolysis (INR Mn)
Others (INR Mn)
40 0
35 0
30 0
25 0
20 0
15 0
10 0
50
0
3,0 00
2,5 00
2,0 00
1,5 00
1,0 00
50 0
0
S E U N E V E R
) T M
(
S E M U L O V S E L A S
366
380
274
879
730
605
10 00
90 0
80 0
70 0
60 0
50 0
40 0
30 0
20 0
10 0
0
Q3-FY24
Q2-FY25
Q3-FY25
Q3-FY24
Q2-FY25
Q3-FY25
2,786
2,439
1,936
4,430
3,871
3,712
4,6 00
4,4 00
4,2 00
4,0 00
3,8 00
3,6 00
3,4 00
3,2 00
60 0
50 0
40 0
30 0
20 0
10 0
0
3,00 0
2,50 0
2,00 0
1,50 0
1,00 0
50 0
-
479
513
404
Q3-FY24
Q2-FY25
Q3-FY25
2,272
2,247
2,764
105
118
97
Q3-FY24
Q2-FY25
Q3-FY25
250
221
225
14 0
12 0
10 0
80
60
40
20
0
25 5
25 0
24 5
24 0
23 5
23 0
22 5
22 0
21 5
21 0
20 5
Q3-FY24
Q2-FY25
Q3-FY25
Q3-FY24
Q2-FY25
Q3-FY25
Q3-FY24
Q2-FY25
Q3-FY25
Q3-FY24
Q2-FY25
Q3-FY25
Valiant Organics Limited | Q3-2025
10
Quarterly Consolidated Financial Performance
Particulars (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
Profit Before Exceptional Items & Share of Profit/(Loss) of Associates
Share of Profit/(Loss) of Associates
PBT
Tax
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income(Total of profit and other comprehensive income for the period)
Basic/Diluted EPS (INR)
Valiant Organics Limited | Q3-2025
Q3-FY25
Q3-FY24
1,869
1,715
154
8.24%
50
90
58
56
8
64
9
55
1,414
1,376
38
2.69%
4
86
42
(86)
(12)
(98)
(19)
(79)
Y-o-Y
32.2%
24.6%
NA
555 Bps
NA
4.7%
38.1%
NA
NA
NA
NA
NA
Q2-FY25
1,602
1,578
24
1.5%
25
88
82
(121)
(17)
(138)
(13)
(125)
2.94%
(5.59)%
853 Bps
(7.80)%
(5)
50
1.01
5
(74)
(2.85)
NA
NA
NA
(2)
(127)
(4.45)
Q-o-Q
16.7%
8.7%
NA
674 Bps
NA
2.3%
(29.3)%
NA
NA
NA
NA
NA
NA
NA
NA
NA
11
YTD Consolidated Financial Performance
Particulars (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
Profit Before Exceptional Items & Share of Profit/(Loss) of Associates
Exceptional Items
Share of Profit/(Loss) of Associates
PBT
Tax
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income (Total of profit and other comprehensive income for the period)
Basic/Diluted EPS (INR)
Valiant Organics Limited | Q3-2025
9M-FY25
9M-FY24
5,149
4,815
334
6.49%
80
266
190
(42)
-
(10)
(52)
24
(76)
(1.48)%
(5)
(81)
(3.67)
5,463
5,031
432
7.91%
72
262
123
119
57
(12)
164
46
118
2.16%
-
118
3.19
Y-o-Y
(5.7)%
(4.3)%
(22.7)%
(142) Bps
11.1%
1.5%
54.5%
NA
NA
(16.7)%
NA
(47.8)%
NA
(364) Bps
NA
NA
NA
12
Quarterly Standalone Financial Performance
Particulars (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
PBT (Excl. Exceptional Items)
Exceptional Items
PBT
Tax
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Basic/Diluted EPS (INR)
Valiant Organics Limited | Q3-2025
Q3-FY25
Q3-FY24
1,869
1,715
154
8.24%
50
90
58
56
-
56
10
46
1,414
1,376
38
2.69%
4
86
42
(86)
-
(86)
(19)
(67)
Y-o-Y
32.2%
24.6%
NA
555 Bps
NA
4.7%
38.1%
NA
NA
NA
NA
NA
Q2-FY25
1,602
1,579
23
1.44%
20
88
82
(127)
-
(127)
(15)
(112)
Q-o-Q
16.7%
8.6%
NA
680 Bps
NA
2.3%
(29.3)%
NA
NA
NA
NA
NA
2.46%
(4.74)%
720 Bps
(6.99)%
945 Bps
(4)
42
1.12
5
(62)
(2.42)
NA
NA
NA
(2)
(114)
(4.30)
NA
NA
NA
13
YTD Standalone Financial Performance
Particulars (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
Profit Before Exceptional Items & Share of Profit/(Loss) of Associates
Exceptional Items
PBT
Tax
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income (Total of profit and other comprehensive income for the period)
Basic/Diluted EPS (INR)
Valiant Organics Limited | Q3-2025
9M-FY25
9M-FY24
5,149
4,814
335
6.51%
74
266
190
(47)
-
(47)
23
(70)
(1.36)%
(4)
(74)
(3.35)
5,004
4,591
413
8.25%
9
252
123
47
57
104
28
76
1.52%
-
76
2.74
Y-o-Y
2.9%
4.9%
(18.9)%
(174) Bps
NA
5.6%
54.5%
NA
NA
NA
(17.9)%
NA
(288) Bps
NA
NA
NA
14
HISTORICAL FINANCIAL OVERVIEW
Valiant Organics Limited | Q3-2025
15
Historical Consolidated Income Statement
Particulars (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
Profit Before Exceptional Items & Share of Profit/(Loss) of Associates
Exceptional Items
Share of Profit/(Loss) of Associates
PBT
Tax
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income (Total of profit and other comprehensive income for the period)
Basic/Diluted EPS (INR)
Valiant Organics Limited | Q3-2025
FY22
11,533
9,484
2,049
17.77%
74
296
65
1,762
-
-
1,762
483
1,279
11.09%
6
1,285
40.51
FY23
10,518
8,875
1,643
15.62%
80
292
108
1,323
49
-
1,372
346
1,026
9.75%
1
1,027
31.50
FY24
7,231
6,849
382
5.28%
93
349
163
(37)
(34)
(16)
(87)
(3)
(84)
9M-FY25
5,149
4,815
334
6.49%
80
266
190
(42)
-
(10)
(52)
24
(76)
(1.16)%
(1.48)%
7
(77)
(3.00)
(5)
(81)
(3.67)
16
Historical Consolidated Balance Sheet
Particulars (INR Mn)
EQUITY
a) Equity Share Capital
b) Other Equity
c) Optionally Convertible Preference Shares
d) Non Controlling Interest
LIABILITIES
Non-Current Liabilities
Financial Liabilities
a) Borrowings
b) Lease Liabilities
c) Provisions
d) Deferred Tax Liabilities (Net)
Current Liabilities
a) Financial Liabilities
(i) Borrowings
(ii) Trade Payables
(iii) Other Financial Liabilities
(iv) Lease Liabilities
b) Other Current Liabilities
c) Provisions
FY23
FY24
H1-FY25
Particulars (INR Mn)
7,401
272
6,616
4
509
7,293
276
7,017
-
-
7,166
276
6,887
3
1,064
1,055
969
706
11
15
332
3,927
2,018
1,656
200
2
21
30
742
2
19
292
4,132
1,823
2,074
173
2
23
37
640
2
22
305
3,599
1,380
1,953
195
2
14
55
Non-Current Assets a) Property, Plant and Equipment c) Right-Of-Use Assets b) Capital Work In Progress d) Other Intangible Assets e) Goodwill on Consolidation f) Financial Assets (i) Investments (ii) Other Financial Assets g) Other Non-Current assets Current Assets a) Inventories b) Financial Assets (i) Investments (ii) Trade Receivables (iii) Cash and Cash Equivalents (iv) Other Bank balances (v) Loans (vi) Other financial assets
c) Other Current Assets d) Current Tax Assets (Net)
FY23
7,682 6,565 12 709 2 123
37 68 166 4,710 1,262
375 2,543 78 4 8 36 308 96
FY24
H1-FY25
8,352 6,297 5 861 2 123
953 54 57 4,128 1,142
33 2,094 35 3 492 29 173 127
8,305 6,239 4 903 6 123
942 56 32 3,429 1,022
- 1,481 87 5 492 41 164 137
GRAND TOTAL - EQUITIES & LIABILITES
12,392
12,480
11,734
GRAND TOTAL – ASSETS
12,392
12,480
11,734
Valiant Organics Limited | Q3-2025
17
Historical Standalone Income Statement
Particulars (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
PBT (Excl. Exceptional Items)
Exceptional Items
PBT
Tax
Profit After Tax
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income (Total of profit and other comprehensive income for the period)
Diluted EPS (INR per share)
Valiant Organics Limited | Q3-2025
FY22
9,484
7,811
1,673
FY23
9,116
7,817
1,299
17.64%
14.25%
33
273
64
1,369
-
1,369
340
1,029
10.85%
8
1,037
36.81
29
276
105
947
49
996
240
756
8.29%
(11)
745
27.02
FY24
6,772
6,376
396
5.85%
29
340
194
(109)
58
(51)
(21)
(30)
9M-FY25
5,149
4,814
335
6.51%
74
266
190
(47)
-
(47)
23
(70)
(0.44)%
(1.36)%
7
(23)
(1.09)
(4)
(74)
(3.35)
18
Standalone Balance Sheet
Particulars (INR Mn) EQUITY
a) Equity Share Capital
b) Other Equity
c) Optionally Convertible Preference Shares
LIABILITIES
Non-Current Liabilities
Financial Liabilities
a) Borrowings
b) Lease Liabilities
c) Provisions
d) Deferred Tax Liabilities (Net)
e) Other Non-Current Liabilities
Current Liabilities
a) Financial Liabilities
(i) Borrowings
(ii) Trade Payables
(iii) Other Financial Liabilities
(iv) Lease Liabilities
b) Other Current Liabilities
c) Provisions
d) Current Tax Liabilities (Net)
FY23 6,661
272
6,385
4
932
589
2
15
326
-
FY24 6,649
276
6,373
-
H1-FY25 6,537
276
6,261
-
Particulars (INR Mn) Non-Current Assets
a) Property, Plant and Equipment
b) Right-Of-Use Assets
c) Capital Work In Progress
d) Other Intangible Assets
1,055
970
e) Financial Assets
742
2
19
292
-
640
2
23
305
3,465
3,719
3,222
1,602
1,643
179
2
11
28
-
1,410
2,074
173
2
23
37
-
1,006
1,954
192
2
14
54
(i) Investments in Subsidiaries
(ii) Other Investments
(iii) Loans
f) Other Non-Current assets
Current Assets
a) Inventories
b) Financial Assets
(i) Investments
(ii) Trade Receivables
(iii) Cash and Cash Equivalents
(iv) Other Bank balances
(v) Loans
(vi) Other financial assets
c) Other Current Assets
d) Current Tax Assets (Net)
FY23 7,424
6,092
4
702
2
489
37
55
43
3,634
1,137
2
2,118
63
3
7
29
198
77
FY24 7,818
6,297
H1-FY25 7,790
6,239
5
861
2
489
53
54
57
3,605
1,142
-
2,094
33
3
6
29
171
127
4
903
6
498
52
56
32
2,939
1,022
-
1,481
86
3
6
41
163
137
GRAND TOTAL - EQUITIES & LIABILITES
11,058
11,423
10,729
GRAND TOTAL – ASSETS
11,058
11,423
10,729
Valiant Organics Limited | Q3-2025
19
Consolidated Financial Highlights
Operational Revenue (INR Mn)
EBITDA (INR Mn) & EBITDA Margins (%)
PAT (INR Mn) & PAT Margins (%)
11,533
10,518
2,049
1,643
7,231
5,149
FY22
FY23
FY24
9M-FY25
FY22
FY23
FY24
9M-FY25
17.77%
15.62%
382
5.28%
334
6.49%
10,00 0
7,500
5,000
2,500
-
1,400
1,100
800
500
200
-10 0
-40 0
Net Debt to Equity (x)
0.64
0.32
0.32
0.27
Net Worth (INR Mn)
5,850
5,830
5,220
5,451
6,000
5,800
5,600
5,400
5,200
5,000
4,800
4,600
FY22
FY23
FY24
H1-FY25
FY22
FY23
FY24
H1-FY25
Valiant Organics Limited | Q3-2025
1,279
1,026
11.09%
9.75%
FY22
FY23
-84
FY24
-76
9M-FY25
-1.16%
-1.48%
Return on Capital Employed & Return on Equity (%)
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
-5.00%
26.31%
22.10%
ROCE
ROE (%)
17.56%
14.77%
FY22
FY23
1.26%
-1.14%
FY24
20
Capital Market Information
Share Price up to 31st December, 2024
30%
10%
-10%
-30%
-50%
-70%
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Jul-24
Aug-24
Sep-24
Oct-24
Nov-24
Dec-24
Price Data (As on 31st December, 2024)
Face Value
Market Price
52 Week H/L
Market Cap (Mn)
Equity Shares Outstanding (Mn)
1 Year Avg Trading Volume (‘000)
INR
10.0
307.5
519.0/301.1
8,486.7
27.6
71.1
Valiant Organics
Sensex
Shareholding pattern (As on 31st December, 2024)
FII; 0.82%
DII; 0.00%
Promoters; 37.74%
Public; 61.44%
Valiant Organics Limited | Q3-2025
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Disclaimer
Valiant Organics Limited 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 statem ents 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 Valiant Organics Limite d (“Company”), 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 in dicative 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 o r 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, w ithout 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 Valo rem 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 b e 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 conside r 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 details please contact our Investor Relations Representatives: VALOREM ADVISORS Mr. Anuj Sonpal Tel: +91-22-49039500 Email: valiant@valoremadvisors.com
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THANK YOU
Valiant Organics Limited | Q3-2025
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