Salzer Electronics Limited has informed the Exchange about Investor Presentation

SALZE =| —-Cl ONICS LIM! Results Update Presentation QI FY26  sel Disclaimer Salzer’ (a Bs This presentation has been prepared by Salzer Electronics Limited (the “Company”) solely for information purposes and does 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 what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but 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. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.TABLE OF CONTENTS Saizer" oa FINANCIAL HIGHLIGHTS a COMPANY OVERVIEW & BUSINESS OVERVIEW oo WAY AHEAD FINANCIAL HIGHLIGHTS Joint Managing Director’s Message Salzer’ ld During the first quarter of the financial year, we registered a strong growth in standalone revenues of Rs. 432.41 crores with EBITDA (excluding other income) and PAT of Rs. 41.31 crore and Rs. 17.59 crore, respectively. This growth was mainly driven by higher demand for Industrial switchgear and wires & Cables division businesses. We secured our first large Smart Meter order worth %50 crore. While the execution was ready in Qi, the customer requested a deferment due to field installation challenges. We billed %2.2 crore during the quarter, and the customer has \ confirmed that the balance will be cleared in Q2. This marks a significant milestone in our smart metering journey and sets = =| the stage for strong growth ahead. In the EV Chargers business, we sold 40 DC fast chargers in Q1 FY26. We see this as just the beginning, with demand os expected to accelerate from the second half of the year as adoption gathers pace and infrastructure expands. => We delighted to share that we have also developed a new Temperature Sensor for the automotive industry, currently under validation with two Tier 2 auto OEMs. We expect commercial revenues from this product to commence in Q3 FY26, opening another exciting growth avenue for Salzer. As we expand globally, we remain focused on innovation, efficiency, and customer-centricity. While global trade uncertainties, including potential U.S. tariff changes, may create near-term challenges, our diversified exports and value- driven products position us well. We continue to strengthen OEM partnerships and drive sustainable value for all stakeholders. Commenting on the Company’s performance, We remain dedicated to maintaining this growth momentum as we strive for greater achievements. At Salzer, innovation is at the core of our strategy, and our diverse product portfolio, along with a strong market presence, positions us to set new Mr. Rajesh Doraiswamy industry benchmarks. With a promising outlook for both domestic and export markets, we remain confident in our overall business performance. Joint Managing Director, Salzer Electronics | thank the entire team at Salzer Electronics for their untiring efforts and all our stakeholders for their continued support Ltd said: and faith in our Company 9 p  Q1 FY25 51.8% Industrial Switchgear 43.4% Wire & Cable 4.8% Building Segment = Industrial Switchgear — 54.6% of net revenues = Wires & Cables — 40.8% of net revenues = Building Electrical Products — 4.6% of net revenues Q1 FY26 Revenue Breakup — Business Verticals SalZer’ Q1 FY26 54.6% Industrial Switchgear 40.8% Wire & Cable 4.6% Building Segment Q1 FY25 10.0% 1.8% Asia (Exclu. India) Middle East 9.0% North & South America 5.5% Europe 73.7% India =" Contribution from Exports at 24.21% Q1 FY26 Revenue Breakup — Geographical SalZer’ Q1 FY26 11.2% 1.3% Asia (Exclu. India) Middle East 6.4% North & South America 5.3% Europe 75.8% India  Q1 FY26 Standalone Financial Highlights SalZer’ mae mae rae Net Revenue 432.41 Raw Materials 335.10 Employee Cost 14.79 Other Expenses 41.21 Total Expenditure 391.10 EBITDA (Excluding other Income) 41.31 EBIDTA Margin (%) 9.55% Other Income 0.58 Depreciation 5.88 Interest / Finance Cost 12.02 Exceptional Item (Gain) / Loss 0.00 Profit Before Tax 24.00 Tax 6.40 Profit After Tax 17.59 Profit After Tax Margin (%) 4.07% Basic EPS (Rs.) 9.95 347.13 273.55 11.54 30.78 315.87 31.26 9.01% 1.07 5.33 9.64 0.00 17.36 4.11 13.25 3.82% 7.57 24.57% 32.15% 54 bps 32.81% 25 bps 31.44% 365.59 279.51 15.00 44.89 339.41 26.18 7.16% 2.60 5.70 10.60 (0.83) 11.65 3.42 8.23 2.25% 4.66 ® FY25 Standalone Financial Highlights Salzer Net Revenue 1,382.93 1,135.58 21.78% Raw Material Expenses 1,048.65 868.69 Employee Expenses 53.89 42.29 Other Expenses 155.45 114.39 Total Expenditure 1,257.99 1,025.37 22.7% EBITDA (Excluding other Income) 124.93 110.20 13.37% EBITDA Margin (%) 9.03% 9.70% (67 bps) Other Income 5.43 1.57 Depreciation 22.29 19.06 Interest / Finance Cost 40.80 33.67 Exceptional Item (Gain) / Loss 15.18 0.37 PBT 82.45 59.40 38.82% Tax 20.20 16.21 PAT *62.26 43.19 44.16% PAT Margin (%) 4.50% 3.80% 70 bps Basic EPS (Rs.) 35.30 25.77 *Exceptional items represent net gain of Rs. 15.18 Cr arising from sale of investment in Kaycee Industries LimitedQ1 FY26 Consolidated Financial Highlights Salzer’ emma eMmare Q4 FY25 Net Revenue 441.12 356.90 23.60% 375.73 Raw Materials 338.50 277.96 283.30 Employee Cost 16.20 12.74 16.35 Other Expenses 44.65 32.76 46.94 Total Expenditure 399.35 323.45 346.58 EBITDA (Excluding other Income) 41.76 33.45 24.85% 29.15 EBIDTA Margin (%) 9.47% 9.37% 10 bps 7.76% Other Income 0.76 1.27 2.48 Depreciation 6.16 5.61 5.97 Interest / Finance Cost 12.10 9.73 10.68 Exceptional Item (Gain) / Loss 0.00 0.00 0.00 Profit Before Tax 24.26 19.38 14.99 Share of profit from Associate -0.14 0.00 (0.01) Tax 6.90 4.63 4.05 Profit After Tax 17.22 14.75 16.74% 10.95 Profit After Tax Margin (%) 3.90% 4.13% (23 bps) 2.91% Basic EPS (Rs.) 9.74 7.57 28.67% 6.19 10 ST LLL FY25 Consolidated Financial Highlights Salzer’ Net Revenue 1,418.33 1,166.31 21.61% Raw Material Expenses 1,061.94 881.00 Employee Expenses 58.97 46.64 Other Expenses 163.52 121.70 Total Expenditure 1,284.43 1,049.33 22.4% EBITDA (Excluding other Income) 133.90 116.98 14.46% EBITDA Margin (%) 9.44% 10.03% (59 bps) Other Income 5.34 1.95 174.17% Depreciation 23.42 20.11 16.44% Interest / Finance Cost 41.14 34.09 20.7% Exceptional Item (Gain) / Loss 0.00 0.00 PBT 74.68 64.73 15.37% Share of profit from Associate -0.02 0.00 Tax 22.20 17.66 PAT 52.46 47.07 11.47% PAT Margin (%) 3.70% 4.04% (34 bps) Basic EPS (Rs.) 35.30 27.38 28.93% = Jncrease in Revenue — mainly driven by core business divisions " Contribution from exports was 27.40% in FY25 11 FY24 54.7% Industrial Switchgear 39.5% Wire & Cable 5.9% Building Segment " Industrial Switchgear — 57.6% of net revenues " Wires & Cables — 36.9% of net revenues " Building Electrical Products — 5.5% of net revenues FY25 Revenue Breakup — Business Verticals Industrial Switch 5.5% Building Segment SalZer’ FY25 57.6% 36.9% Wire & Cable 12  FY24 9.7% 1.2% Asia (Exclu. India) Middle East 8.7% North & South America 7.3% Europe 73.1% India =" Contribution from exports was 27.40% in FY25 FY25 Revenue Breakup — Geographical FY25 11.4% 1.3% * Middle East Asia (Exclu. India) 8.1% North & South America 6.0% Europe SalZer’ 72.6% India 13 Key Consolidated Financial Highlights — Annual Salzer’ Revenue (Rs. Crore) EBITDA (Rs. Crore) / Margins (%) 14 1 I I 1418.3 1 10.2% 9.3% . 1166.3 I fee 9.4% 1037.2 ! SS 783.6 ! | 605.6 ! 133.9 ! ili 117.0 1 95.9 I 61.8 63.8 I T T T T 1 I f 1 1 1 1 1 FY21 FY22 FY23 FY24 FY25 ; FY21 FY22 FY23 FY24 FY25 I I a ee eee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee en ee ee ee ee ee ee ee ee he es we ee m2 I Net Profit (Rs. Crore) I Earning per Share(Rs.) I 3.8% 4.0% I 3.4% . 3.7% ! 35.3 I 2.9% 1 27.38 ! 24.21 I 9.6 47.1 52.5 12.9 14.07 I : ia in I T il I I f T T I f T T T T 1 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 I I Key Consolidated Balance Sheet Highlights — Annual Salzer’ Return on Capital Employed ( %) Return on Equity (%) I I I I I I I 11.6% 12.1% ! I 9.7% 9.9% 6° 9.4% 8.6% o 9.6% ! 6.4% 6.4% _ I I I I I T T T T ! f T T T T FY21 FY22 FY23 FY24 FY25 ! FY21 FY22 FY23 FY24 FY25 oe ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee ee | ampestentantantentantontantanlan oettentantontant onl ael onl aetanlon ano tentostontantaslanlonloslonl anton onlotentantantonlonlanlantontan Debt to Equity(X) ! Networth as on 31st March (Rs. Crore) I 0.77 ! 544.55 ! 473.46 I 407.71 ! 331.3 351.47 I I I I I I I I I T T T T 1 ! f ; ; ; ; 1 FY21 FY22 FY23 FY24 FY25 1 FY21 FY22 FY23 FY24 FY25 I *Return on Capital Employed — EBIT/Total Capital Employed (Total Shareholders equity+LT Debt+ST Debt+Current Maturity of LT Debt-Non Current Investment), RoE — Net Profit/Networth , Debt to Equity = Total Debt/ Networth 15  teen S CTR . lal "4 Working Capital & Borrowings Saizer ain, alee: j i" WA Bs Working Capital (Cr.) -— Bar Chart Borrowing (Cr.) Working Capital (Days) — Line Chart ATT | FY20 FY21 FY22 FY23 FY24 FY25 179 FY20 FY21 FY22 FY23 FY24 FY25 Long Term Borrowing ‘© Short Term Borrowing 16 > = > x sie  Leading player offering total and customized electrical solutions Incorporated in 1985 Headquartered in Coimbatore, Tamil Nadu Caters to sectors such as Engineering, Automotive, Tractor, Bearing and Allied Industries Extensive Product offerings — Metering business share Experienced Management Team = Significant experience in Engineering Industry = Long term vision and proven ability to achieve long term goals for Company " Technical collaboration with Plitron for Toroidal transformers — 1st Company to bring technology to India, Joint Venture with C3Controls for contactors and relays Nuclear Power Corporation = Largest manufacturer of Cam Operated = Largest supplier of rotary and load Rotary Switches — Market leader with 25% 200+ Reputed and long-term customers = Presence in Industrial Switchgears, Wires & = Preferred supplier to GE, Schneider Cables, Energy management and Smart State-of- art manufacturing facilities = Seven manufacturing units located in Tamil Nadu =" More than 15 products catering to Industrial / Building Electrical / Automobile verticals SalZer’ Quality Standards, Assurance & Certifications = 1SO 9001; ISO 14001; ISO 45001; UKAS Management; IATF 16949 Hu G OE CE Intertek Strong Domestic & International Customer Base for forging applications and only approved supplier of ® Own distribution network — local and global — export to 50 countries with AO International distributors break switches to Indian Railways " Access to L&T’s local network through more than 350 distributors 1985 - 1995 Established to manufacturer of CAM operated Rotary Switches Unit | (Coimbatore) — manufacture contactors, relays, panels, energy savers Starting of long term association with L&T Technical collaboration with Plitron for manufacture of Toroidal Transformers 1st Indian company to bring technology to India 2001 - 2014 ® Unit Ill - manufacture modular \ switches = Started manufacturing of Wire & Cable for L&T = Leading player offering total and customized electrical solutions =" More than 15 different products = 2,000 employees = 5 manufacturing units " Foray into tailor made products and branding for large customers = Specialized panels for OEMs From a Single Product Company... eer S ... to manufacturing multiple products across sectors Started commercial production of Three Phase Dry Type Transformers Acquired Salzer Magnet Wires Upgrade in Credit Rating for long- term borrowing to ‘CRISIL A/Stable’ Acquired Kaycee Industries Ltd. r 2021 — Till Date SalZer’ Forays into EV Business through JVs with Kostad Steuerungsbau GmbH and EMarch LLP Set up new manufacturing rented facility strategically located in Hosur, Tamil Nadu — production to commence in March 2023 Kostad Steuerungsbau GmbH - JV Company has become a Subsidiary Company with shareholding of 60% Building “one-of-its-kind Fully Integrated” Smart Meter manufacturing facility in India Planning a total CAPEX of 250 crore for FY25, with 225 crore allocated to the Smart Meter factory and another 20 crore for additional CAPEX. Investment of 38 crore for a 30% stake in Ultrafast Chargers Private Limited, a startup in EV charger manufacturing. Incorporated a Wholly Owned Overseas Subsidiary - Salzer Electronics Arabia Limited Secures Major Order of Rs. 50 Cr. for Smart Meters under RDSS Secured order of Rs. 192 Cr from Bruhat Bengaluru Mahanagara Palike (BBMP) Incorporated Special Purpose Vehicle - Effilume Private Limited 19 Professional Management R. Doraiswamy - Managing Director =" Qualified Electrical Engineer and Technocrat Entrepreneur with over 4 decades of experience = Vast Experience in Foreign Collaboration & wide global contacts D. Rajeshkumar — Joint Managing Director = Electrical Engineer, India; Postgraduate in Business Management, US = JMD of Company - responsible for driving the vision of Company P. Sivakumar A - AVP — Marketing Corporate = Bachelors in Engineering with over 3 decades of experience = Responsible for Sales & Marketing division SalZer’ M Laksminarayana - VP - Operations = B.E (Electrical) with over 2 decades of experience = Responsible for Production, Planning, Inventory Management, Maintenance & General Administration R. Menaka — General Manager - Accounts = Degree in Commerce with over 3 decades of experience = Extensive expertise in Accounts, Finance, and Taxation R Karunakaran - GM — PR & GST = BSc, Diploma in Marketing Management with more than 3 decades of experience = Responsible for GST and Public Relations of Company 20  Ow pS i 22 pa SnBusiness Overview SaelZ2er’ Industrial Switch Gear Products Smart Meters Wire & Cable Transformers . = Single Phase Terminal Blocks cys . # Wires & Cables 6 = Rotary Switches Building Electrical Products Meters | # Flexible Bus Bars = Three Ph Isolators = Modular Switch = Enamelled Wires Energy ree mnase " General Purpose relays oaular SWwItCnes = Bunched Conduct Meters = Wires & Cables uncned Conductors Management products # Wiring Ducts = ~MPCB’s = MCB’s = Contactors & OLR’s = Changeovers =" Control Panels =» Wire Harness = Tinned Copper Wires =» Energy Savers = Street Light Controllers 22 Wide Product Suite- Customized for OEM’s Salzer’ Coils / Inductors | In-house manufacturing and R&D enables superior customization of products Key Strengths Salzer’ Complete Backward Integration . eget Wide Distribution Network In-house manufacturing facilities with process -—_ tat . ae . capabilities ensures better product development Wide distribution network — international and and customization domestic Well developed R&D enables continual product ‘nnovation Tie up with L&T — access to over 350 dealers in —e India; own network for modular switches with 50 stockists in 4 southern & western states Wide Product Suite . . . Direct network across 50 countries with 40 Amongst few players in India, to offer total & f=") ; : _ . . . —v international distributors customized electrical solutions °-— m-v Wide product basket — 15 products developed in-house Largest manufacturer and market leader in CAM ad) ) 04 } Advanced Engineering Capabilities operated rotary switches O Strong engineering capabilities backed by in- house manufacturing and R&D team Strong Customer Relationships UES Technical collaboration with Plitron for Toroidal Strong customer relationships across globe -—_ a transformers — 1st Company to bring technology to India, Joint Venture with C3Controls for Preferred supplier to GE, Schneider and only contactors and relays approved supplier of Nuclear Power Corporation Resulting in all products been international Largest supplier of rotary and load break certified and universal acceptance - switches to Indian Railways  Rotary Switch Contactors & Relays Panel Assembly Lighting Energy Savers Automatic Meter Reading Three Phase Dry Type Transformers SalZer’ Hosur Plant Wiring Accessories Wire Harnesses Toroidal Transformers ae Toroidal Transformers Enamelled Copper Wires Isolators (Dis-connectors) Fine Enamelled Copper Wires Terminals Polyester Coated Winding wires Wiring Ducts Wires & Cables Smart Meters MPCB Flexible Bus Bars Wire Harness Bunched Conductors 3 PH Transformers Tinned Wires 25  SalZer’ , I a jm ra e ar Ee oe S 2a » EF AGS a? te Jam sa » Full fledged Type testing laboratory = In-house tool room facility for manufacturing and servicing of — Loads up to 500Amps Moulds and press tools _ Environmental test chamber for humidity test _— CNC Wire Cut Machines and Spark erosion machines — Salt spray test & all other basic tests as per UL — CNC Machining center, EDM Drilling Standards — Conventional machines — Latest digital measuring equipment — Inspected and certified by GE Tool Divisionca More than 80% components made in-house 26 ..And a strong R&D team Saizer’ # In-house R&D Center R&D expenses (Rs crore) —- More than 35 engineers 15.53 - Recognized by Department of Science, Govt of India # Patented Rotary switches 12.00 12.00 10.37 10.04 | FY20 FY21 FY22 FY23 FY24 FY25 # Six patents in process - Manual Single-Phase Starter with no voltage tripping, Energy Saver System for Street Lighting, Track Feed Battery Changer Over System, Heavy duty energy efficient automatic source change over, Training warning system and Modular Housing - Received two patents for CAM operated rotary switch & Motor Protection Circuit Breaker’ for duration of 20 years, ending 2036 = 1% of its kind product in India - Designed and manufactured - Load Break Switches, Single Hole Mounting Switches, Halogen Free Cable Ducts, Flat Wire Ducts, Flexible Bus Bars etc 27 Internationally certified Salzer’ CE GD) ISO 9001 ISO 14001 CE Certification ISO 18001 UL Certification oe Yonenps® EES LSO NS QUA Lip, S wash CB ROHS @. fant COMPLIANT —__ C US Intertek ISO 16949 CB certification RoHS Intertek Semko approval CSA Certification CERTIFIED CB certification by IE ... Across entire product portfolio 28 Blue Chip Customers Marketing Tie-up with L&T for Indian Market Largest supplier of rotary switches to Indian Railways Branding partner to various large OEM’s in India Technical Tie-up with American Company C3Controls, to manufacture & market contactors & overload relays Technical Tie-up with Trafomodern for Three Phase Transformers Preferred supplier to: Y Nuclear Power Corporation Y Schneider Electric Y GE Energy Schneider SalZer’ uropa components A NELTA Honeywell SIEMENS cScontrols YOKOGAWA «>. Cy LARSEN & TOUBRO It’s all about Imagineering CED vaftcrar orae Giahters site steer fates ANd WSR SI Ta NUCLEAR POWER CORPORATION OF INDIA LIMITED Al ding Erase TL 29 SsalZ2zer’ International = Direct network across 50 countries Vv 27% of sales from exports (FY25) Y AO international distributors = Plans to expand in US, Africa and Middle east Domestic = Tie up with L&T — access to more than 350 dealers in India =# Direct network for Modular Switches — 50 stockists in 4 southern & western states  SalZer’ Operational Excellence Focus on margin improvement » Increase sales of high margin products — existing and new > Increase exports — fast growing markets of US, Africa and Middle East » Consistently executing business strategy and continued focus on improving operating costs by sourcing quality raw materials and efficient manpower Venture into new project » Seek Technical alliances to develop new and technically advanced products » Acquired Kaycee Industries for new product development, enter new ventures and leverage brand & distribution network >» Ventured into EV Segment for EV Chargers manufacturing >» Ventured into Smart metering manufacturing in Coimbatore Growth and expansion of existing product verticals » Constantly develop new products through in-house R&D >» Expand existing product portfolio to newer geographies 32 ESG Initiatives = Committed towards a cleaner, greener and healthier environment =" Optimise energy consumption =" Towards this end Company has identified installation of rooftop solar panels = Plan to recycle water as per environmentally friendly norms = Increasing green cover around all plants in and around the manufacturing facilities = Partner in EV Ecosystem to manufacture parts of environmentally friendly transportation Governance = Continues to contribute towards skill development among the local population = Recruitment of rural youth for local sales operations = Contribution for women empowerment. Engaged around 50% women employees hailed from local rural areas who are breadwinners of their families = Spending under CSR Initiatives for health Care and education of rural populous particularly residing in the local regions SalZer’ M/s. Swamy and Ravi, Chartered Accountants for statutory audit and M/sDAT & Associates , Chartered Accountants for internal audit Three independent Directors out of 8 Members on the Board Focus on Better compliances and best governance practices Plan for gender diversification on the Board in due course 33 ESG Initiatives - Carbon Emission by Scope Salzer’ Scope 1 = All Fossil fuels used in factories, such as diesel for backup power and fuels used in Cars, transport & fleet vehicles Scope 2 = Electricity consumed at all factories and offices of Salzer owned facilities # Also the avoidable emissions are calculated by the use of Renewable power by own renewable sources as well as purchased renewable sources Scope 1 (Tons of Co2) moe 25K Scope 2 (Tons of Co2) 8357 4217 3294 Turnover INR Cr 559 1013 1135 4,408 3511 Scope 1+2 (Tons of Co2) 8480 4408 3511 _ a Intensity 15.17 4.31 3.09 Delta (248%) (40%) Base Yr.2019 2023 2024 = 2019 was considered the Base year for calculation. 2020 & 2021 was not considered as it was a year with partial shutdowns due to Pandemic «" The Direct Greenhouse Gas (GHG) emission from facilities we operate (scope 1) has increased from 123 tons of Co2 in 2019-20 to 217 tons of Co2 in 2023-24. The increase over the last three years is due to higher activities due to increased turnover « The indirect GHG emissions from Energy consumption (Scope 2) was reduced by 25% in 2023-24 from 2022-23 and this was achieved by taking energy conservation measures and sourcing & generation of renewable power =" Scope 1 & 2 put together there is a Net intensity reduction of 40% in 2023-24 from 2022-23 # Salzer will continuously endeavor its best efforts in all available avenues to reduce Carbon Emission level by 25% every year and attain the Net Zero Emission level by 34 2030 e ? Thank You For further information, please contact: Salzer Electronics Limited Mr. Murugesh murugesan@salzergroup.com www.salzergroup.net Adfactors PR Private Limited Ms. Savli Mangle savli.mangle@Adfactorspr.com Mr. Rupesh Rege Rupesh.rege@Adfactorspr.com www.adfactorspr.com