SETLNSE12 February 2025

Standard Glass Lining Technology Limited has informed the Exchange about Investor Presentation

Standard Engineering Technology Limited

Date: 12 February 2025

To, The Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001

The Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1 Block G, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051

SCRIP CODE: 544333 SYMBOL: SGLTL

Dear Sir/Madam,

Sub: Investor Presentation on Q3FY25 Financial Results

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. please find enclosed the Investor Presentation on Q3FY25 Financial Results.

This is for your information and records.

Thanking you,

Yours faithfully,

For STANDARD GLASS LINING TECHONOLOGY LIMITED

Kallam Hima Priya Company Secretary & Compliance Officer

Standard Glass Lining Technology Limited

Registered office: D-12, Phase-I, IDA Jeedimetla, Hyderabad -500055 Corporate Office: 10th Floor, PNR High Nest, Hydernagar, KPHB Colony, Hyderabad- 500085 Manufacturing Unit: Survey No. 42/A, Alinagar, Chetlapotharam Village, Gaddapotharam, SangaReddy- 502319

CIN: U29220TG2012PLC082904 Email: corporate@standardglr.com Website: www.standardglr.com Tel: + 040 3518 2204

Standard Glass Lining Technology Limited

Investor Presentation

February 2025

Disclaimer

This presentation and the accompanying slides (the “Presentation”), have been prepared by Standard Glass Lining Technology Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

Certain statements in this presentation concerning our future growth prospects are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The Risk and uncertainties relating to the statements include but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures, climate and general economic conditions affecting demand/supply and price conditions in domestic and international markets. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable. 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. The Company does not make any promise to update/provide such a presentation along with results to be declared in the coming quarters and years.

Table of Content

Business Overview

Quarter Performance- Q3 & 9MFY25

Annexure

BUSINESS OVERVIEW

QUARTER PERFORMANCE- Q3 & 9MFY25

ANNEXURE

Standard Glass Lining: A Top Ranked Specialised Engineering Equipment Company

Leading manufacturers of glass-lined, stainless steel, and nickel alloy based specialized engineering equipment

Well invested manufacturing facility with strong capabilities across chain

Deep and well-established customer relationship

Strong Distribution and Sales Network

51%

55%

18%

11%

11,000+

$108bn

Total Revenue CAGR from FY22-24

EBITDA CAGR from FY22-24

EBITDA margins in FY24

PAT margins in FY24

Manufacturing facilities

Products delivered to customers

Large export opportunity; Global TAM

Rs 259cr

Healthy Cash in the books; Net Debt free Status

A Message from the MD

Nageswara Rao Kandula Promoter and Managing Director

“This quarter marks a historic milestone for Standard Glass, as we announce our first earnings report post-IPO. The overwhelming response from investors has been truly humbling, and we are proud to report strong revenue growth of 33% YoY and industry- leading EBITDA margins at 20%. Beyond financial success, we are laser-focused on innovation and market expansion. With the launch of Shell & Tube Glass-Lined Heat Exchangers and other advanced technologies, we are unlocking an unprecedented ₹2,000 crore opportunity in India. Backed by cutting-edge technology from AGI Inc. Japan, we are poised to transform the industry, enhance productivity, and drive long-term value for our stakeholders. As we move forward, our commitment remains clear—to deliver profitable, sustainable growth while continuously setting new industry benchmarks. The future of Standard Glass Lining is brighter than ever.”

COO’ Comment

Venkata Mohana Rao Katragadda Promoter and Executive Director

“At Standard Glass Lining Technology Limited, technological advancement, innovation, and customization are at the heart of our growth. We believe in continuously enhancing our capabilities to meet the unique needs of our customers. With long-standing, deep relationships built on trust, and strategic partnerships with leading companies, we are committed to delivering tailored solutions that push the boundaries of glass lining technology.”

Diversified and De-Risked Business Model

By Line of Business

By End Users Industries

By Geography

FY22

5.7%

26.1%

240

68.2%

FY23

7.8%

FY24

13.2%

31.0%

498

61.3%

30.1%

544

56.7%

13.5%

1.0%

14.3%

2.9%

12.5%

5.7%

240

85.5%

0.2%

240

99.8%

498

82.8%

0.3%

498

99.7%

544

81.8%

0.4%

544

99.6%

Reaction Systems

Storage, Separation & Drying Systems

Plant, Engineering Services

Pharmaceuticals

Chemicals

Others*

Domestic

Exports

Rs in Cr

Strong Growth Trajectory

Total Income (In Crs)

EBITDA & EBITDA Margins

PAT & PAT Margins

CAGR:51%

CAGR:55%

500

550

242

17.3%

101

18.4%

17.6%

CAGR:54%

10.7%

10.9%

10.4%

FY22

FY23

FY24

FY22

FY23

FY24

FY22

FY23

FY24

EBITDA

Margins

PAT

Margins

Well Positioned in a High Growth Market

Reaction Systems (heat transfer systems, pipes & fittings, pumps, reactors)

Separation and Drying Systems (Filtration & Drying, Storage, Vessels)

Plant Engineering and Services (Services, utility systems, others)

7 6 . 1 2

1 7. 4 5

1 4 . 0 0

Global Market CY23 (USD bn)

TAM

1 1 4 . 5 1

3 3 . 1 2

3 0 . 0 0

India Market FY24 (INR bn)

~INR 120–150bn Capital spending in the pharmaceutical industry likely to remain at current levels or increase to INR 120-150 bn per year upto FY27 owing to local export demand & semi- regulated markets

~INR 70 Bn Capex per year of player’s in the Chemical Industry will increase by ~ 7% -to 9% CAGR until FY25-26

China +1 To facilitate robust demand potential from overseas market

1010

Business Model built on Multiple USPs

CUSTOMISED AND INNOVATIVE PRODUCT OFFERING

WELL INVESTED MANUFACTURING FACILITIES

DEEP RELATION- -SHIP WITH MARQUEE CLIENTS

INVESTING IN PROJECTS TO DRIVE FUTURE GROWTH

STRATEGIC PARTNERSHIP, AIDING IN STRENGTHENING THE BUSINESS MODEL

PROFITABLE AND SCALABLE BUSINESS MODEL

1111

1. Customised and Innovative Product Offering

Vacuum / Pressure

RM Storage

Reaction

Filtration

Drying

Heat Exchanger

Collection of filtrate

Collection of distillate or separate layers

Heating / Cooling System for reaction

Water/Steam based system

Single fluid system

Other multifluid systems

Air Handling / Environment Management

Testing Equipment (Quality Control)

e r o C

e r o c - n o N

Capabilities

1 of the few companies in India offering end- to-end customized solutions

Capability to cater to customized process needs of end-users to deliver large and complex projects with a wide equipment range

Turnkey automated equipment solutions optimising processes like vacuum distillation, solvent recovery, gas dispersion

Delivered some of the largest & most complex equipment in India across Product Portfolio

Capability to manufacture process equipment using various types of alloys with thickness ranging from 1mm to 60 mm used in food, pharma & fine chemical industries

Unique Offerings

STANGLASS

No Stain Glass

Shell & Tube heat exchanger

Smart seal

Clampless Manhole

Extended Nozzles

Contributing to its leadership position

TOP 3 Process equipment manufacturers in the Pharma Industry*^

“Key Supplier” Of GMP-compliant accessories for stainless steel GLE^

TOP 3 Suppliers of multistage claw vacuum pumps in India *^

TOP 3 Stainless steel & Nickel - alloy based specialized engineering equipment for India’s Pharma & Chemical sectors*

TOP 3 with 23.3% market share Suppliers of PTFE lined pipelines and fittings in India through acquisition of the business of M/S Yashave Glass Lining Industries, M/S Higenic Flora Polymers*^

Acquisition Of business of CPK Engineers Private Limited; entity engaged in similar business to complement existing capabilities

Created strong brand equity through decades of industry expertise, technology prowess, innovative product offerings, high-reliability solutions, and the ability to deliver value to customers

*In terms of revenue in Fiscal 24. ^Source- F&S Report

GL – Glass Lined Source- F&S Report

1212

2. Well Invested Manufacturing Facilities

8 # of Mfg. Facilities

65 Sub products across product categories

>400,000 Built-up area (sq. ft.)

30 ANFD capacity p.m.

100 Reactors p.m.

9,000 units PTFE lined pipes & fittings capacity p.m.

30L to 40,000L Capability to mfg. products of varied sizes

300-350 units Monthly Capacity across product portfolio

1313

3. Deep Relationship with Marquee Clients add more customers

Revenue Contribution from Top 10 & Top 20 Customers

Top 10 customer

Top 20 customer

72%

54%

58%

41%

FY23

FY24

Enjoying long-standing relationships in excess of 3 years with 13 of our top 20 customers

relationships

Long-term ongoing engagements with customers allow to plan Capex and enhance ability to benefit from increasing economies of scale

and

1414

4. Investing in Projects to Drive Future Growth

Expand our capacity by increasing the capabilities of our existing manufacturing plants as well as set up new manufacturing plants

We have invested significant capex in the past to expand our manufacturing capacities

Increase in Capex (INR Crs)

77%

Increase in % of Capex to revenue

5.0%

6.0%

6.9%

5.0%

FY22

FY23

FY24

9MFY25

FY22

FY23

FY24

9MFY25

Intend to expand our manufacturing capacities for existing products to cater to the growing demand from our existing customers and to meet requirements of new customers

upto ₹400mn

Net Proceeds towards expansion of our existing manufacturing units and upcoming facilities

Propose to purchase new machineries and equipment to build-up additional capacity for our glass lining and stainless steel and nickel alloy equipment operations namely:

Welding Machines

Cranes

Laser Scanning cutting Machines

Addition of new facility

Installation of new Machinery

Increase production capacity

Scale operations

Onboard new customers

Introduce new products

Better serve existing customers

Reduced delivery time → Increase orders in hand

1515

5. Strategic Partnership

Grow inorganically through strategic acquisitions and alliances

Explore & consider opportunities that can create synergies between the proposed target companies and us, and align with our growth strategy

Agreement with HHV Pumps for supply of vacuum pumps with a private label arrangement.

Growth aided by other inorganic acquisitions

M/s S2 Engineering Services (metals business)

M/s Stanpumps Engineering Industries (pumps business)

C.P.K Engineers Private Limited (compliment existing capabilities)

Recently acquired the business of firms engaged in the business of manufacturing, supply,installation and repair of PTFE lined pipes and fittings

M/s Higenic Flora Polymers

M/s Yashasve Glass Lining Industries

A sale and purchase agreement for supply of certain grades of glass used by our glass lining division

Asahi Glassplant Inc.

GL Hakko

Plan to target entities that expand our opportunities in:-

Other end-markets

Geographic regions

New customers

New products

1616

6. Profitable and Scalable Business Model

ROE/Adjusted ROE*

ROCE/Adjusted ROCE*

Total debt/Equity and Net debt/Equity

ROE

Adjusted ROE

56.2%

54.9%

50.0%

47.6%

28.5%

20.7%

ROCE

Adjusted ROCE

1.01

0.98

42.0%

44.1%

42.5%

43.4%

29.4%

25.5%

0.53

0.47

0.32

0.0

FY22

FY23

FY24

FY22

FY23

FY24

FY22

FY23

FY24

Total Debt to Equity

Net Debt to Equity

* Adjusted RoE and ROCE are calculated on average Net worth and Capital Employed net of cash.

1717

Improving Working Capital and Strong Asset TO

W o r k i n g C a p i t a l D a y s

F i x e d A s s e t T u r n o v e r R a t i o ( x )

Receivable Days

Inventory Days

Payables Days WC Days

152

10.9

129

114

113

124

8.4

7.4

FY22

FY23

FY24

FY22

FY23

FY24

1818

Launching Pioneering Products: Exciting Innovations Ahead

New Product Line is set to revolutionize the market; Standard Glass Lining is the first and only company in India to introduce Shell & Tube Glass- Lined Heat Exchangers, backed by advanced technology from AGI Inc., Japan

Targeting Rs 2000 crores Market Size in India

New Upcoming Launches:

Shell & Tube Glass- Lined Heat Exchangers- Will Improve heat transfer efficiency and operational reliability

Low Leaching, High Corrosive-Resistance Reactors- Setting new industry standards for durability and chemical resistance.

High Conductivity Glass- 100% enhanced safety, minimizing operational risks, reduce maintenance costs, ideal choice for optimizing industrial processes

Equipment & Advanced PTFE-Lined Components- High-performance, corrosion-resistant solutions

Reinforcing SGLTL’s leadership position through innovations

1919

Strategic Priorities

Continue to expand and improve our existing product portfolio and enter into additional end-user industries

Capitalise on increasing demand from international markets to grow our exports

Continue to strengthen our existing product portfolio in line with our capabilities

Increasing the share of revenues from international markets

Diversify into products with prospects for increased growth and profitability

Consolidate certain of our existing facilities to achieve cost efficiencies

Continue to pursue new products within existing segments + explore the use of engineering capabilities to diversify product offerings, especially in products from related segments

Grow inorganically through strategic acquisitions and alliances

Explore & consider opportunities that can create synergies between the proposed target companies and us, and align with our growth strategy

Propose to enter into additional end-user industries

Oil & Gas

Heavy Engineering

Edible Oil

Flavours & Fragrance

Paints & Coatings

Plan to target entities that expand our opportunities in:-

Expand our team to expand our sales and marketing reach will allow us to target newer customers in Southern & Western regions of India

Other end-markets

Geographic regions

New customers

New products

2020

BUSINESS OVERVIEW

QUARTER PERFORMANCE- Q3 & 9MFY25

ANNEXURE

2121

Results at Glance: 9MFY25

Total Income ₹ 455 Crs ▲ 33% YoY

EBITDA ₹ 91 Crs ▲ 42% YoY

PBT ₹ 71 Crs ▲ 46% YoY

PAT ₹ 52 Crs ▲ 45% YoY

Anjaneyulu Pathuri Chief Financial Officer

“We are proud of our strong nine- month performance and impressive EBITDA margins. This success reinforces our strategy, and we are focused on maintaining this momentum to drive continued growth and value for coming quarters”

IPO proceeds of Rs 210cr; will be used in as per the objects mentioned in DRHP

Took possession of S2 Unit 5 (100,000 sq. ft.), with machinery ordered for installation; operations are expected to begin by Feb month-end

03 Incorporating a new subsidiary in the USA to streamline exports; completion expected by

Took possession of S2 Unit 5 (100,000 sq. ft.), with machinery ordered for Feb month-end installation; operations are expected to begin by Feb month-end

2222

Financial Highlights

Total Income (In Crs.)

32.5%

455

343

EBITDA & Margins (%)

18.7%

42.1%

20.1%

PAT & Margins (%)

10.5%

11.5%

45.4%

9MFY24

9MFY25

9MFY24

9MFY25

9MFY24

9MFY25

Total Income (In Crs.)

EBITDA & Margins (%)

PAT & Margins (%)

3.6%

168

138

143

16.6%

21.7%

25.0%

20.1%

9.1%

12.4%

27.4%

11.1%

Q3FY24

Q2FY25

Q3FY25

Q3FY24

Q2FY25

Q3FY25

Q3FY24

Q2FY25

Q3FY25

2323

Q3FY25 Financial Performance

Particulars (Rs in Cr)

9MFY25

9MFY24

Revenue from Operations

Other Income

Total Income

Total Expenditure

EBITDA

EBITDA Margin %

Depreciation

Profit Before Interest & Tax

Interest

Profit Before Tax

Tax

Net Profit

PAT Margin (%)

Diluted Earnings Per Share (Rs)

447

455

364

342

343

279

YoY

30.7%

731.8%

32.5%

30.3%

42.1%

Q3FY25

Q3FY24

140

143

114

138

115

YoY

1.8%

1390.2%

3.6%

-0.6%

25.0%

20.1%

18.7%

135 bps

20.1%

16.6%

344 bps

11.5%

2.7

4.6%

46.9%

52.6%

45.9%

47.5%

45.4%

10.5%

101 bps

11.1%

2.2

0.8

9.1%

0.7

-6.0%

29.3%

43.5%

26.7%

24.8%

27.4%

207 bps

2424

Revenue By Segment

By Line of Business

By End Users Industries

By Geography

Q3FY25

18.9%

140

45.9%

35.3%

15.4%

16.8%

140

67.8%

0.6%

140

99.4%

Q2FY25

15.2%

Q3FY24

8.3%

28.1%

165

56.7%

32.8%

138

59.0%

10.8%

10.6%

165

78.6%

6.1%

165

93.9%

5.5%

12.4%

138

82.1%

0.0%

138

100.0%

Reaction Systems

Storage, Separation & Drying Systems

Plant, Engineering Services

Pharmaceuticals

Chemicals

Others*

Domestic

Exports

Rs in Cr

2525

Revenue By Segment

By Line of Business

By End Users Industries

By Geography

9MFY25

15.0%

447

51.3%

33.7%

12.9%

14.3%

447

72.8%

4.3%

447

95.7%

9MFY24

9.2%

31.3%

342

59.5%

4.5%

15.7%

342

79.8%

0.6%

342

99.4%

Reaction Systems

Storage, Separation & Drying Systems

Plant, Engineering Services

Pharmaceuticals

Chemicals

Others*

Domestic

Exports

Rs in Cr

2626

BUSINESS OVERVIEW

QUARTER PERFORMANCE- Q3 & 9MFY25

ANNEXURE

2727

From Vision to Reality: Our Company's Journey

Incorporated the Glass Lining Division

Sold 100 glass lined reactors.

Supplied first unique stainless steel glass lined reactor to NATCO Pharma Limited

Hit a turnover of ₹ 500,000,000.00

Finished construction of new facility of glass lining equipment at SGL Unit

2013

2024

2014

2016

2018

2019

2023

2022

2021

Acquired the business of Hyderabad based C.P.K. Engineers Private Limited

Resale arrangements for North America (excluding Cuba), South America, Europe (excluding Belarus and Russia) and certain countries in Asia and Africa

o Investment from AGI

Investors (Japan) in our Company

o Acquired the business of

M/s Higenic Flora Polymers & M/s Yashasve Glass Lining

Agreement with Climaveneta Climate Technologies Private Limited to enter the chillers market

Our Material Subsidiary acquired metal business from M/s S2 Engineering Services and pumps business from M/s Stanpumps Engineering Industries

Our Material Subsidiary was incorporated as a wholly-owned subsidiary

2828

Global Industry Growth Driving Expansion

The Global Market Opportunity –Sizing (Values in USD Bn) and CAGR (2023 – 2028E), unless specified otherwise

Glass Lined Equipment Market

Reactors (Pressure Vessels) & Storage Tanks Market

Filter & Dryers Market Overview

CAGR 10.1%

3.4

2.1

Pressure Vessels

CAGR 4.0%

70.1

58.0

Storage Tanks

CAGR 7.6%

23.1

CAGR 8.7%

2.12

16.0

1.40

2023

2028F

2023

2028F

2023

2028F

2023

2028F

Vacuum Pumps Market Overview

High-Alloy Steel & PTFE lines pipes & Fittings Market

Heat Exchangers Market Overview

CAGR 4.9%

6.6

5.2

High Alloy Steel

CAGR 5.6%

12.5

9.5

PTFE (USD mn)

CAGR 5.0%

255

200

CAGR 5.8%

16.8

12.7

2023

2028F

2023

2028F

2023

2028F

2023

2028F

Source- F&S Report

2929

India's Expanding Industry Creating Massive Growth Opportunities for the Company

The India Market Opportunity –Sizing (Values in INR Billion) and CAGR (FY24 –FY29E), unless specified otherwise

Glass Lined Equipment Market

CAGR 10.1%

18.6

11.5

FY24

FY29F

Vacuum Pumps Market Overview

CAGR 10.1%

23.8

14.7

Reactors (Pressure Vessels and Storage tanks) Market Overview

CAGR 6.7%

95.1

68.7

Filter & Dryers Market Overview

* CAGR is from FY23-FY28F

CAGR 11.9%*

15.8

9.0

FY24

FY29F

FY24E

FY29F

High-Alloy Steel & PTFE lines pipes & Fittings Market

Heat Exchangers Market Overview

High Alloy Steel

CAGR 7.4%*

680

PTFE (INR mn)

CAGR 10.3%

1,820.4

CAGR 9.0%

83.0

1,230.0

54.0

280

FY24E

FY29F

FY24

FY28F

FY24

FY28F

FY24E

FY29F

3030

Source- F&S Report

A Glimpse of our Plant

3131

Well Diversified Product Portfolio

Reaction Systems (heat transfer systems, pipes & fittings, pumps, reactors)

Separation and Drying Systems FRP Moulded Gratings (Filtration & Drying, Storage, Vessels)

Plant Engineering and Services (Services, utility systems, others)

FRP Rods

AE Reactor

BE Reactor

CE Reactor

Receivers

Heat Exchanger

Pumps

Storage Tank

Conical Dryer

3232

Introducing our Leadership Team

Promoter and Managing Director

Board of Directors

Senior Management

Independent Directors & Nominee Director

Nageswara Rao Kandula

Managing Director has been associated with the Company since incorporation. Holds a Diploma in Business Management with specialization in finance management from the Indian School of Business Management and Administration.

Key Managerial Personnel

Kallam Hima Priya Company Secretary and Compliance officer

Kandula Krishna Veni Promoter and Executive Director

Kandula Ramakrishna Promoter and Executive Director

Venkata Mohana Rao Katragadda Promoter and Executive Director

Anjaneyulu Pathuri CF0

Kudaravalli Punna Rao Executive VP- Manufacturing

Palayil Nanda Kumar Chief Marketing Officer – South India

Somanchi Datta Phani Prabhakar General Manager - Projects

Radhakrishna Bandi Asst. General Manager- Purchase

Sambasiva Rao Gollapudi Non-Executive Chairman, Independent Director & Audit Committee Chairman

Sudhakara Reddy Siddareddy Independent Director

Radhilka Nannapaneni Independent Director

Yasuyuki Ikeda Non-Executive Director (nominee of AGI Investors)

3333

Historical Profit and Loss Statement

Particulars (All amounts are in INR Crs. except otherwise stated)

2022

2023

2024

9MFY25

Revenue from Operations

Other Income

Total Income

COGS

Gross Profit

Total Expenditure

EBITDA

EBITDA Margins (%)

Depreciation

Profit Before Interest & Tax

Interest

Profit Before Tax (PBT)

Tax

Net Profit

Net Profit Margins (%)

Diluted Earnings Per share (Rs.)

240

242

115

126

200

498

500

285

215

412

544

550

318

232

449

101

447

455

292

163

364

17.3%

17.6%

18.4%

20.1%

10.4%

2.2

10.7%

3.5

10.9%

3.5

11.5%

2.7

3434

Historical Balance Sheet

Particulars

Equity

Equity share capital

Other equity

Non-controlling interests

Total Equity

Non-current liabilities

Financial liabilities

(a) Borrowings

(b) Lease liabilities

Provisions

Deferred tax liabilities (net)

Total Non-Current Liabilities

Current liabilities

Short term borrowings

Trade payables

Short terms Provisions

Other current liabilities

Total Current Liabilities

Total Equity and Liabilities

2022

2023

2024

1HFY25

Particulars

2022

2023

2024

1HFY25

15.3

53.7

69.0

6.8

18.2

1.4

0.4

26.8

42.4

62.5

0.6

96.9

15.8

139.9

155.7

3.0

18.5

2.1

0.6

24.2

57.0

75.0

0.8

35.1

202.3

298.1

167.9

347.8

18.2

389.2

1.6

409.0

0.6

12.4

0.9

0.6

14.5

181.6

261.6

3.6

446.9

5.7

12.0

1.1

0.7

19.4

Non-Current Assets

Property plant and equipment

Capital work-in-progress

Right-of-use assets

Goodwill

Other intangible assets

Financial assets

(a) Loans

(b) Other financial assets

Income tax asset (net)

Other non-current assets

Total Non-Current Assets

Current Assets

Inventories

Financial assets

113.2

152.5

(a) Trade receivables

88.7

0.9

39.1

241.9

665.4

95.9

1.2

40.7

290.2

756.5

(b) Cash and cash equivalents

(d) Other financial assets

Other current assets

Total Current Assets

Total Assets

31.9

0.7

19.7

0.4

0.2

3.6

4.1

54.7

3.3

19.7

0.6

2.1

0.7

3.5

82.2

4.5

13.0

1.0

1.4

4.6

60.6

84.7

106.6

92.4

5.2

12.9

7.7

1.0

3.5

10.1

132.8

125.9

143.4

224.8

254.9

82.2

0.1

1.2

28.1

237.6

298.1

91.3

5.4

5.2

17.8

263.1

347.8

154.8

191.5

15.4

36.5

95.5

31.7

558.8

665.4

0.9

38.2

99.3

39.0

623.7

756.5

3535

*All amounts are in INR Crs except otherwise stated

Thank You

Investor Relations Contact: Go India Advisors LLP

Monali Jain Go India Advisors monali@GoIndiaAdvisors.com M:+91 8078675682

Sheetal Khanduja Go India Advisors sheetal@GoIndiaAdvisors.com M:+91 97693 64166

Company Contact:

Anjaneyulu Pathuri Chief Financial Officer (CFO) anjaneyulu@standardglr.com Standard Glass Lining Technology Limited

Hima Priya Company Secretary cshima@standardglr.com Standard Glass Lining Technology Limited

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