February 22, 2023

To, To,
BSE Limited National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Fort, Bandra Kurla Complex, Bandra (East),
Mumbai – 400001 Mumbai - 400051

BSE Scrip Code: 543451 NSE Scrip Symbol: AGSTRA

Ref: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015

Sub: Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations and
Disclosure Requirements), Regulations 2015

Pursuant to the relevant provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements),
Regulations 2015, we would like to inform you that the officials of the Company will be interacting with Investors
(Participants):

Date Type of Interaction Location

February 23, 2023 Group Meeting Mumbai

This is to further inform that the Company will be referring to all the publicly available documents for the discussions.
This is for your information and for the information of your members and the public at large.

This information is submitted to you pursuant to Regulation 30(6) of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements), Regulations, 2015.

Kindly note that changes may happen due to exigencies on the part of Participants/Company.

Thanking You,
Yours Sincerely,

For AGS Transact Technologies Limited

SNEHA Digitally signed by SNEHA
PRABHAKAR KADAM
PRABHAKAR Date: 2023.02.22 18:53:04
KADAM +05'30'

Sneha Kadam
Company Secretary & Compliance Officer
(Mem No: ACS31215)
Place: Mumbai
CIN: L90001MH2001PLC130485West) - 400601Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website:
www.antony-waste.com

Ref.: AW/SEC/BSE/2022-23/106 Date: February 22, 2023

To,
Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers
Dalal Street, Fort
Mumbai - 400001

Script Code: 543254

Dear Madam/Sir,

Sub. : Schedule of Analyst / Institutional Investor meeting

Ref. : Intimation under Regulation 30 (6) of SEBI (Listing Obligations and Disclosure
Requirements), Regulations 2015 (“SEBI Listing Regulations”)

Pursuant to Regulation 30 (6) of the SEBI Listing Regulations, we wish to inform that the officials of
the Company will be meeting Investors/Analysts (Participants) as per the below details.
Date Type of Interaction
February 24, 2023 Virtual meeting (1*1)

Discussions will be based on publicly available information.

Kindly note that changes may happen due to exigencies on the part of Participants/Company.
This is for your information and records please.

Thanking you,

Yours faithfully,
For and on behalf of
ANTONY WASTE HANDLING CELL LIMITED
HARSHAD Digitally signed
by HARSHADA
A PRADEEP PRADEEP RANE
Date: 2023.02.22
RANE 18:13:39 +05'30'

HARSHADA RANE
COMPANY SECRETARY & COMPLIANCE OFFICER
A34268

Registered Office: 1403, 14th Floor, Dev Corpora Building, Opp. Cadbury Company, Eastern Express Highway, Thane (West) - 400601
Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website: www.antony-waste.com
 2 2 2A
| CIR CRD CRD

SAYA] EFFOTEL ENRISE

Yours. Truly. by SAvAJT by Savajt

22" February, 2023

To,
The General Manager,
| Department of Corporate Services
| BSE Limited
P.J. Towers, Dalal Street
Fort, Mumbai-400 001

Subject: Intimation with respect to Order Sheet of the Hearing of Hon’ble National
Company Law Tribunal, Chennai

Dear Sir/Madam,

We would like to inform you that pursuant to the Scheme of Amalgamation and Arrangement
between Ahilya Hotels Limited, Sayaji Hotels Management Limited, Sayaji Hotels Limited, Sayaji
| Hotels (Indore) Limited, Sayaji Hotels (Pune) Limited and their respective Shareholders and
| Creditors (‘Scheme’) for admission and fixing a date for hearing of the main Company Petition
| for sanction of the Scheme as well as for a direction in relation to publication in press to be effected
and notices to be issued to the authorities concerned in relation to date of hearing of the Petition
and calling for objections, if any, to the Scheme contemplated between the Petitioner Companies
is fixed on Wednesday 12" April 2023.

The Copy of the said Order Sheet is attached herewith for your reference.

Kindly take note of the above.

Thanking You.

Yours truly,

p
Ankur Bindal
Company Secretary a ompliance Officer

Encl. As Above

SAYAJl HOTELS LTD. CORPORATE OFFICE

Address: C/o Amber Convention Centre, Bypass Rd, Near Best Price,
Hare Krishna Vihar, Nipania, Indore (MP) - 452010. | Phone No.: + 0731-4750000 | Email: info@sayajigroup.com
Regd. Office: F1 C2 Sivavel Apartment, 2 Alagappa Nagar, Zamin Pallavaram, Chennai, (TN) — 600117
CIN - L51100TN1982PLC124332 | Phone No.: 044-29871174
www.sayajihotels.com
 NATIONAL COMPANY LAW TRIBUNAL
DIVISION BENCH - II
CHENNAI

ATTENDANCE CUM ORDER SHEET OF THE HEARING OF NATIONAL

COMPANY LAW TRIBUNAL, CHENNAI BENCH, HELD ON
01-02-2023 (WEDNESDAY) AT 10.30 A.M. THROUGH VIDEO CONFERENCING:

PRESENT : DR.DEEPTI MUKESH, HON'BLE MEMBER (JUDICIAL)

SHRI. SAMEER KAKAR, HON'BLE MEMBER (TECHNICAL)

PETITION NUMBER : CP(CAA)/2(CHE)2023

APPLICATION NUMBER : CA(CAA)/52(CHE)2022

NAME OF THE PETITIONER : Ahilya Hotels Limited And Sayaji Hotels

(Pune) Limited

NAME OF THE RESPONDENTS) : -

UNDER SECTION : Sec 230-232 of CA, 2013

ORDER
Ld. Counsel Mr. Pawan Jhabakh for the Petitioners is present through
Video Conferencing Platform.

2. This is a Company Petition filed by the Petitioner Companies viz. AHILY

A
HOTELS LIMITED, SAYAJI HOTELS MANAGEMENT LIMITED, SAYAJI HOTELS
LIMITED, SAYAJX HOTELS (INDORE) LIMITED and SAYAJI HOTELS (PUNE)
LIMITED is coming up for admission and for fixing a date of hearin
g of the main
Company Petition as well as for a direction in relation to public
ation in press to
be effected and notices to be issued to the authorities concerned
in relation to date
of hearing of the Petition and calling for the objections, if any,
to the Scheme of
Amalgamation & Arrangement (hereinafter for brevity referred to as
“SCHEME”) contemplated between the Petitioner Companies.

3. From the records, it appears that the First Motion Application vide
CA(CAA)52/(CHE)/2022 was ordered by this Tribunal on 14.07.2022 wherein
meetings were ordered as follows:

A—
(Contd...2)
oe
 Chairman /
Particulars of . Scrutinizer | um
Quo
# the Meeting Date, Time and Venue appointed

Equity |
09.09.2022 at 5:30 PM at
1 | Shareholders its registered office or 3
of Transferor . 5 .
through Video Conferencing | Chairman:
Lompany-1 Mr.Gautam
Equity . )
5 Shareholders fe eat a3 AM at | Chopra, CA 50
of Demerged its regis ered office or
| Company through Video Conferencing | Scrutinizer:
Unsecured 09.09.2022 at 12:30 PM at bea pa i,
3 Creditors of its registered office or 12
Demerged through Video Conferencing
Company

Subsequently, the Chairperson’s Report is filed on 12.09.2022. In relation

to the meeting of the Equity Shareholders of the Transferor Company — 1,
the
Petitioner had preferred IA(CA)/73(CHE)/2022 wherein the Petitioners sought
dispensation for the convening and conducting of the said meeting and the same
was allowed by this Tribunal vide order dated 17.11.2022. The present petition
came to be filed on 09.12.2022. On a query raised by this bench with respect
to
the filing the present petition on time as prescribed under Rule 15
of the
Companies (Compromise, Arrangements and Amalgamation) Rules, 2016,
the
Learned Counsel for the Petitioner Companies made an oral request to
condone
the delay. The same is taken on record and the delay in filing the present
petition
is hereby condoned.

4. Now this petition is coming up before us for fixing a date of

hearing as
well as for other consequential directions in terms of provisions
of Sections 230
to 232 of Companies Act, 2013 read with Rule 15 and 16
of the Companies
(Compromise, Arrangements and Amalgamation) Rules,
2016, brought into
effect and on and from 15.12.2016 and it is now hereby ordered
as follows:-

(1) The date of hearing of the Petition filed by the Petitioner

Companies
for the sanction of the Scheme is fixed on 12.04.2023,

(Contd...3)
BT ~—
 (id) Notice of the hearing shall be advertised in the newspapers viz.,
the
“Business Standard” (All India Edition in English) and
“Dina
Mani” Tamil (Tamil Nadu Edition) not less than 10 days
before
the aforesaid date fixed for hearing.

(iii) In addition to the above public notice, the Petitioner Compa

nies
shall serve the notice of the Petition on the following Author
ities
namely, (a) Central Government through the office of the Regio
nal
Director (Southern Region), Ministry of Corporate Affairs
(MCA)
(b) Registrar of Companies, Chennai, MCA, (c) the
Official
Liquidator and (d) the jurisdictional Income Tax Office
and
Principal Chief Commissioner of Income Tax having jurisdiction
over the respective companies indicating specifically their
Permanent Account Number (PAN) in the communication, (e)
Securities and Exchange Board of India (SEBI) and other
sectoral
regulators, if any, who may govern the working of the
respective
companies involved in the Scheme atleast 30 days before
the date
fixed for hearing of the above Petition.

(iv) Further, notice shall also be served to Objector(s) or to their

representative, if any, as contemplated under Sub-Section (4) of
Section 230 of the Act who may have made representa
tion and who
have desired to be heard in relation to their representa
tion along with
a copy of the Petition and the Annexures filed
therewith at least 15
days before the date fixed for hearing.

Ky yg _— (Contd...4)
Va #
re
 4.
(v) The Petitioner Companies shall file an Affidavit of Service (7 days
before the date of hearing of the Petition) in relation to paper
publication effected as well as service of notices on the Authorities
specified above.

(vi) Objections, if any, to the Scheme contemplated by the authorities

to
whom notices have been given on or before the date of hearing fixed
herein may be filed before this Tribunal and served on the Petiti
oner
Companies, failing which it will be considered that there is no
objection to the approval of the Scheme on the part of the authorities
by this Tribunal and subject to other condition being satisfied
as may
be applicable under the Companies Act, 2013 and relevant rules
framed thereunder. Upon receipt of the objections (if any), the
Petitioner Companies shall file its response / undertaking agains
t the
said objections.

(vii) The Petitioner Companies shall individually comply with

proviso to
sub section (3) of Section 232 or proviso to sub sectio
n (7) of
Section 230, as may be applicable under the circumstances
on or
before the date fixed for hearing by filing the certif
icate of
Company’s auditor.

(viif) The next date of hearing of the Petition shall be

on 12.04.2023 for
the consideration of the approval of the Scheme as
contemplated
among the Petitioner Companies.

SAMEER KAKAR DR. DEEPTI MUKESH

MEMBER (TECHNICAL) MEMBER (JUDICIAL)
V.Shreekumar
 talbr
^^ oB

22nd February, 2023

Talbros Automotive
Components Ltd.
www.talbros.com

BSE Ltd. The National Stock Exchange of India Ltd.

Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/ 1,
Dalai Street, Fort G Block, Bandra Kurla Complex,
Mumbai - 400 001 Bandra (East), Mumbai - 400 051

Scrip Code - 505160 Company Code - TALBROAUTO

Sub: Disclosure under Regulation 7 (2) of SEBI (Prohibition of Insider Trading!

Regulations, 2015

Dear Sir/ Madam,

In terms of requirement of the Regulation 7 (2) ( b) of SEBI (Prohibition of Insider Trading)
Regulations, 2015, please find enclosed herewith disclosure received from M/s. Talbros
International Private Limited in ‘Form C’ dated 22nd February, 2023.

This is for your information & records.

Thanking You.

Yours Sincerely,
For Talbros Automotive Components Limited
SEEMA Digitally signed by
SEEMA NARANG

NARANG Date: 2023.02.22 15:30:50

+05'30'
p VlPo
Seema Narang
S’
%o '
Company Secretary <( Faridabadj a
Enel: As above

.
regd. Office : 14/1, mathura road, faridabad -121003 haryarta , india . ph: + 91 129 2275434/35/36/37 . fax : + 91 129 2277240 2272263 . e-mail: talbros@ talbros.com
CIN : L 29199HR 1956PLC033107
 Talbros International Pvt . Ltd.
22nd February, 2023
The Company Secretary,
Talbros Automotive Components Ltd.
14/1, Mathura Road
Faridabad
Haryana 121003

Sub: Disclosure under Regulation 7(2 ) of the Securities and Exchange Board of India
( Prohibition of Insider Trading ) Regulations, 2015

Dear Ma'am,

Pursuant to Regulation 7(2) under Securities and Exchange Board of India (Prohibition
of Insider Trading) Regulations, 2015, please find attached the disclosure as required
under these Regulations for your records and necessary action accordingly.

Thanking you,

Yours faithfully,

For Tal
J .
For Talbros International Private Limited

^
naBon 1 Pvt. Ltd.

Ashish Agarwal
Ashish A$nmpdny Secretary
Company Secretary

„9d . OfSca : 400 «itar. phase 3.

SX iSeSf
 FORM C

SEBI (Prohibition of Insider Trading) Regulations, 2015 [Regulation 7 (2) read with Regulation 6(2) - Continual
disclosure]
Name of the company: Talbros Automotive Components Limited
ISIN of the company: INE187D01011
Details of change in holding of Securities of Promoter, Employee or Director of a listed company and other
such persons as mentioned in Regulation 6(2).
Name, Category of Securities held Securities acquired /Disposed Securities held post Date of allotment Date of Mode of Exchange
PAN, CIN/ D1N , Person prior to acquisition/disposal advice/ intimation acquisition / on which
& address with ( Promoter/m acquisition/disposal acquisition of to disposal (on the trade
contact nos. ember of the shares/ company market/public/ was
promoter disposal of shares rights/ executed
group/desig specify preferential
nated offer / off
person/ Type of No. Type of No. Value Transact Type of No. and % From To
Director security and % of security ion Type security of
s/immediate (For eg. shareholdi ( For eg. (Purchase/ (For eg. shareholdin
relative - Shares, ng Sale/ - Shares, g
to/other s Warrants, Shares, Pledge / Warrants,
etc.) Convertible Warrants, Revocatio Convertible
Debentures, Convertib n/Invocati Debentures,
Rights le on/others) Rights
entitlement Debenture entitlement
etc.) s, Rights etc.)
entitleme
nt etc.)

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Talbros International Promoter Equity 52,81,976 Equity 5,272 24,65,029.78 Purchase Equity 52,87,248 16.02.2023 21.02.2023 22.02.2023
Pvt. Ltd. Market Trade NSE
Group Shares Shares Shares
A AAC02191 D 42.78% 42.83%
U31909 HR 1980 PTCO
10226
400, Udyog Vihar ,
Phase-III, Gurgaon-
122016
0124-4002963
Note: “Securities” shall have the meaning as defined under regulation 2(l )(i) of SEBI (Prohibition of Insider
Trading) Regulations, 2015.
Details of trading in derivatives on the securities of the company by Promote
r, member of the promoter group, designated person or Director of a listed company
and immediate relatives of such persons and other such persons as mentione
d in Regulation 6(2) .
Exchange on which the trade was
Trading in derivatives (Specify type of contract, Futures or Options etc) executed

Buy Sell
Type of Contract
contract specifications
Notional Value Number of units Notional Value Number of units
(contracts * lot (contracts * lot
size) size)
18 19 . 20 21 22
16 17

NIL
Note: In case of Options, notional value shall be calculated based on Premium
plus strike price of options.

For Talbros International Private Limited

Ashish Agarwal
Company Secretary
For Talbros International Pvt. Ltd.

Ashish Agarwal
Company Secretary
Date: 22.02 .2023
Place: Gurugram
 '-WI•.1
GIC
_ __ HOUSING
_;__;___::_~ FINANCE LTD. -- -- --
=-=-.:.......:...::::.......:...:....:~:......:.:~~:::_~~~ - 11111
~~fnr-;m - - - - --

GICHFL/SEC/2023 22"d February, 2023

To, Scrip Code:
The Listing Department,
The BSE Limited, Equity - 511676
P.J. Towers, NCDs - 973005, 973115, 973854 & 973866
Dalal Street, CPs - 724174, 724201 & 724353
Fort, Mumbai - 400 001

Dear Sir,

Sub: Intimation under Regulations 57(1) of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015.
Ref.: Chapter XI - Clause 2.2 of SEBI Operational Circular no. SEBI/ HO/
DDHS Div1/ P/CIR /2022 /0000000103 DATED July 29, 2022.

In terms of Regulation 57(1) of SEBI (LODR) Regulations, 2015, listed entity shall submit a
certificate to stock exchange within one working day of interest or principal becoming due
regarding status of payment in respect of NCDs.

Accordingly, please find details of Interest payment & principal re-payment for our NCO
having Scrip code 973005 (Listed on BSE) as below -

A. Whether Interest payment/ redemption payment made (yes/ no): Yes

B. Details of Interest Payment for NCD having Scrip Code 973005 -

Sr. Particulars Details

No.
1 ISIN INE289B07032
2 Issue size Rs. 300 Crores
3 Interest Amount to be paid on due date Rs. 20,82,00,000/-
4 Frequency - quarterly/ monthly Yearly & on maturity
5 Change in frequency of payment No
(if anv)
6 Details of such chanae Not Aoolicable
7 Interest oavment record date 07-02-2023
8 Due date for interest payment 22-02-2023
9 Actual date for interest oavment 22-02-2023
10 Amount of interest oaid Rs. 20,82,00 000/-
11 Date of last interest oavment 22-02-2022
12 Reason for non-payment/ delay in Not Applicable
Payment

Regd. Office : National Insurance Building, 6th Fldor,~.1Jghi~hedji Tata Road , Churchgate, Mumbai - 400 020.
CIN No.: L65922MH1989PLC054583 • Tel.: (022) 4304 1900
Email : corporate@gichfindia.com • Web : www.gichfindia.com
 ,w,•✓
_ _ GIC
_ __ HOUSING FINANCE LTD.
_ _....,:_..::....:.....:_..:.....:=--.:.._::...:_.:..:_.:..:_..:....:=-=~:...:.~~-- -- - -- 11111
~~f.mora - - -- - -

c. Details of redemption payments for NCD having Scrip Code 973005 :

Sr. Particulars Details

No.
1 !SIN INE289B07032
2 Tvoe of redemption (full/ oartial) Full
3 If partial redemption, then - Not Applicable
a. By face value redemption
b. By quantity redemption
4 If redemption is based on quantity, specify, Not Applicable
whether on:
a. Lot basis
b. Pro-rata basis
5 Reason for redemption Maturity
(call,·put, premature redemption, maturity,
buyback, conversion, others (if any)
6 Redemption date due to out ootion (if any) Not Applicable
7 Redemption date due to call ootion (if anv) Not Applicable
8 Quantity redeemed (no. of NCDs) 3000
9 Due date for redemption/ maturity 22&02-2023
10 Actual date for redemption 22-02-2023
11 Amount redeemed · Rs. 300,00,00,000/-
12 Outstandinq amount (Rs.) Nil
13 Date of last Interest payment 22-02-2022 & 22-02-2023

This is for your information and record purpose.

Thanking You,

Yours faithfully,

NUTAN Digitally signed

by NUTAN SINGH

SINGH Date: 2023.02.22

15:05:29 +05'30'

Nutan Singh
Group Head & Company Secretary

Regd. Office : National Insurance Building, 6th Flcior,9rn~J2hiihedji Tata Road, Churchgate, Mumbai - 400 020.
CIN No.: L65922MH1989PLC054583 • Tel.: (022) 4304 1900
Email : corporate@gichfindia.com • Web : www.gichfindia.com
To
The General Manager, The Manager,
Listing Department, Listing Department,
BSE Limited, National Stock Exchange of India Ltd,
1st Floor, New Trading Wing, Exchange Plaza,
Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (East),
Dalal Street Fort, Mumbai – 400051
Mumbai-400001
Scrip Code: 519602 Scrip Code: KELLTONTEC

Dear Sir/Madam,

Sub- Allotment of 34,999 Equity Shares pursuant to the Employee Stock Options granted under ESOP
Schemes of the Company.

Ref- Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 &
Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

The Company has submitted the Corporate Announcement to Exchanges on February 15, 2022. The said
submission was having a typographical error related to the Premium, which was observed afterwards.
After making due correction in the same, it is being resubmitted to the exchanges for their consideration.

This is to inform you that the Board of Directors of the Company vide its resolution passed on February
14, 2023, has allotted 34,999 equity shares of face value of ₹5/- each (fully paid-up) of the Company under
ESOP Plan – 2013, to the eligible employees, pursuant to exercise of stock options granted thereunder.
Consequent to the aforesaid allotment, the paid-up equity share capital of the Company has increased as
under: From Rs. 48,24,79,000/- comprising of 9,64,95,800 equity shares of Rs. 5/- each fully paid-up up
to Rs. 48,26,53,995/- comprising of 9,65,30,799 equity shares of Rs. 5/- each fully paid up.

The said equity shares rank pari-passu with existing equity shares of the Company. In terms of Regulation
10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (“SEBI SBEB
Regulations”), the details of shares allotted as above are given in Annexure - I to this intimation.
Kindly, take the same on record of your esteemed Exchange.

For and on behalf of

Kellton Tech Solutions Limited
Digitally signed by

RAHUL JAIN RAHUL JAIN

Date: 2023.02.22
12:23:09 +05'30'

Rahul Jain
Company Secretary and Compliance Officer
Date: February 22, 2023
 ANNEXURE - I
Statement under Regulation 10(c) of the SEBI (SBEB) Regulations, 2021

Sr. Description Particulars

No.
1. Company name and address of Registered Office Kellton Tech Solutions Limited
Plot No 1367,
Road No.- 45 Jubilee Hills
Hyderabad-500033 TG
2. Name of the recognised Stock Exchanges on which BSE Limited; and
the company's shares are listed National Stock Exchange of India Limited
3. Filing date of the statement referred in regulation BSE: June 25, 2014; and
10(b) of the Securities and Exchange Board of India NSE: June 20, 2016
(Share Based Employee Benefits and Sweat Equity)
Regulations, 2021 with the recognised Stock
Exchange
4. Filing Number, if any BSE Application
NSE Application
5. Title of the Scheme pursuant to which shares are Kellton Tech Solutions Employee Stock Option
issued, if any Plan – 2013
6. Kind of security to be listed Equity
7. Par value of the shares ₹ 5/-
8. Date of issue of shares February 14, 2023
9. Number of shares issued 34,999
10. Share Certificate No., if applicable Not Applicable
11. Distinctive number of the share, if applicable From 9,64,95,801 to 9,65,30,799
12. ISIN Number of the shares if issued in Demat INE164B01022
13. Exercise price per share 27.05
14. Premium per share 22.05
15. Total issued shares after this issue (equity) 9,65,30,799
16. Total issued share capital after this issue (equity) 48,26,53,995/-
17. Details of any lock-in on the shares Not Applicable
18. Date of expiry of lock-in Not Applicable
19. Whether shares are identical in all respects to Shares are Identical in all respect to existing
existing shares? If not, when will they become shares
identical?
20. Details of listing fees, if payable Not Applicable

RAHUL Digitally signed by

RAHUL JAIN

JAIN Date: 2023.02.22

12:23:32 +05'30'
 Windlas Biotech Limited
Reg. Off.: 40/1, Mohabewala Industrial Area
Dehradun, Uttarakhand 248 110, India
Tel.:+91-135-6608000-30, Fax:+91-135-6608199

Corp. Off.: 705-706, Vatika Professional Point, Sector-66,

Golf Course Ext. Road, Gurgaon, Haryana 122 001, India
Tel.:+91-124-2821030

CIN-L74899UR2001PLC033407

February 22, 2023

To To
Listing / Compliance Department Listing / Compliance Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G
Dalal Street, Mumbai – 400 001 Bandra Kurla Complex
Bandra (E), Mumbai – 400 051

BSE CODE: 543329 NSE SYMBOL: WINDLAS

Dear Sir/ Madam,

Subject: Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations
and Disclosure Requirements), Regulations 2015.

Pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we
would like to inform you that the officials of the Company will be meeting Investors/Analysts (Participants) as per the
details given below.

Date Type of Interaction

23rd February 2023 Virtual 1x1 Meetings

Discussions will be based on publicly available information.

No unpublished price sensitive information (UPSI) is intended to be discussed during the interactions.

This information is submitted to you pursuant to Regulation 30 (6) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements), Regulations, 2015.

Kindly note that changes may happen due to exigencies on the part of Host / Company.

Thanking you,

Yours faithfully,

For Windlas Biotech Limited

ANANTA Digitally signed by
ANANTA NARAYAN
NARAYAN PANDA
Date: 2023.02.22
PANDA 11:38:21 +05'30'
Ananta Narayan Panda
Company Secretary & Compliance Officer

www.windlas.com
 Date: - 22.02.2023
To, To,
The Secretary, The Secretary,
Listing Department Corporate Relationship Department
National Stock Exchange of India Ltd. BSE Limited
Exchange plaza, BKC, Bandra (E) P. J. Towers, Dalal Street
Mumbai - MH 400051. Mumbai- MH 400001.

REF: -(ISIN- INE908D01010) SCRIP CODE BSE-531431, NSE Symbol -SHAKTIPUMP

Sub: - Intimation under Regulation 30 read with schedule III of SEBI (Listing
obligations and Disclosure Requirements) Regulations' 2015.

Dear Sir/Madam,

Pursuant to the Regulation 30(6) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended from time to time, we would like to
inform that the management of Shakti Pumps India Limited ("Company") will be
meeting various Analysts/Investors as scheduled below:

Date Particulars Mode of Interaction

23 February 2023 Various Analysts/Investors In person
Note: The aforesaid call/meeting is subject to change in case of exigencies or change in schedule, if any, on
the part of the organizer/analyst/institutional investor or the Company.

Kindly take the same on your record

Thanking You,

Yours Faithfully,
For Shakti Pumps (India) Limited
Digitally signed by RAVI PATIDAR
DN: c=IN, postalCode=453331,

RAVI
st=MADHYA PRADESH, o=Personal,
serialNumber=31dde50601e6024b2732c
a5972ed69c26147945af389098003ac14a
4c85644de,
2.5.4.20=20656707e324f03def34723e3a

PATIDAR
223419b81d93a19ea445e5ebde95faffb6
8e21,
email=PATIDAR.RAVI007@GMAIL.COM,
cn=RAVI PATIDAR, l=INDORE, title=8835,
pseudonym=883520210814165558843
Date: 2023.02.22 11:22:58 +05'30'

Ravi Patidar
Company Secretary

SHAKTI PUMPS (INDIA) LIMITED

CIN: L29120MP1995PLC009327
Regd. Office:-Plot No. 401, 402 & 413, Industrial Area, Sector - 3, Pithampur - Dist. Dhar 454774 (M.P.) INDIA.
Tel.: +91 7292 410500, Fax: +91 7292 410645 E-mail: info@shaktipumps.com, sales@shaktipumps.com, Web:-www.shaktipumps.com
 GE Power India Limited
CIN-L74140MH1992PLC068379
Corporate Office: Axis House, Plot No 1-14, Towers 5 & 6,
Jaypee Wish Town, Sector 128 Noida
Uttar Pradesh - 201301

T +91 0120 5011011

F +91 0120 5011100

21 February 2023
To, To,
The Manager Listing, The Manager Listing,
National Stock Exchange of India Ltd. BSE Ltd.
Exchange Plaza, P.J. Towers, Dalal Street,
Plot No. C/1, G Block, Mumbai - 400 001
Bandra-Kurla Complex, Bandra (E),
Mumbai - 400 051

Symbol: GEPIL Scrip Code: 532309

Sub.: Transcript of Earnings conference call held on 15 February 2023

Dear Sir/Madam,

Further to our letter dated 15 February 2023, please find enclosed a copy of the transcript of Earnings
conference call held on 15 February 2023.

Thanking you,
Yours truly,

For GE Power India Limited

KAMNA Digitally signed by
KAMNA TIWARI

TIWARI Date: 2023.02.21

13:35:26 +05'30'
Kamna Tiwari
Company Secretary & Compliance Officer

Enc.- As above

Registered Office: Regus Magnum Business Centers, 11th floor, Platina, Block G, Plot C-59, BKC, Bandra (E), Mumbai, Maharashtra – 400051
T + 91 22 68841741 website: www.ge.com/in/ge-power-india-limited Email id in.investor-relations@ge.com
 “GE Power India Limited
Q3 FY '23 Earnings Conference Call”
February 15, 2023

MANAGEMENT: MR. PRASHANT JAIN – MANAGING DIRECTOR – GE

POWER INDIA LIMITED
MR. YOGESH GUPTA – WHOLE TIME DIRECTOR AND
CHIEF FINANCIAL OFFICER – GE POWER INDIA
LIMITED
MR. VINIT PANT – CHIEF COMMERCIAL OFFICER –
GE POWER INDIA LIMITED
MR. RAJ RAMAN – EXECUTIVE, PROJECTS – GE
POWER INDIA LIMITED
MS. KAMNA TIWARI – COMPANY SECRETARY
& COMPLIANCE OFFICER

Page 1 of 17
 GE Power India Limited
February 15, 2023

Moderator: Ladies and gentlemen, good day and welcome to GE Power India Limited's Earnings Conference
Call for the Third Quarter of FY 2022-'23. As a reminder all participant lines will be in the listen-
only mode and there will be an opportunity for you to ask questions after the presentation
concludes. Should you need assistance during the conference call, please signal an operator by
pressing star then zero on your touchtone phone. Please note that this conference is being
recorded.

I now hand the conference over to Mr. Prashant Jain, Managing Director, GE Power India
Limited. Thank you and over to you, sir.

Prashant Jain: A very good evening and warm welcome to all of you for joining this discussion on the financial
and operational performance for the third quarter of the financial year. Before we dive into the
quarterly performance, I would like to welcome my team who is joining me to answer your
questions and update performance across various verticals. I have with me Yogesh Gupta, our
Whole Time Director and CFO; Mr. Vinit Pant, our Chief Commercial Officer; and Mr. Raj
Raman, Executive, Projects on the call with me.

I would like to start with the global economy with some context on the global situation. The year
2022 turned out to be tough for the global markets with volatility in commodity prices and
dictated the Central Bank activities in most of the countries, thereby impacting the growth
trajectory worldwide in the world trade. Surge in inflation due to heightened commodity prices
including crude oil and gas led to global slowdown as major economies witnessed cutdown in
retail consumption growth.

However, the first 2 quarters of the year also saw a major energy crisis, primarily in Europe, but
with impacts beyond, due to cut in supply of gas from Russia to the European Union. Due to
global economic slowdown and projected recessionary fears, the World Bank has revised the
world GDP growth at 1.7% for 2023 compared to 3% earlier in its latest global economic outlook
report. With global energy crisis, we also witnessed a revival in growth of coal-powered
electricity generation as surging gas prices and insufficient renewable energy forced countries
to rely on traditional thermal power to meet their growing demand of electricity. This was the
global context.

What happened in the Indian economy and Indian power sector? In the Indian context, the World
Bank has revised GDP growth for '22-'23 to 6.9% as against 6.5% projected in October 2022.
According to the World Bank, the Indian economy is better poised to combat external
environment pressures and economic fundamentals are in good place compared to other
emerging market economies.

As far as the energy sector is concerned, the country's reliance on coal as a traditional fuel has
gone up since the pandemic. Though coal contributes close to 50% of India's installed capacity,
its contribution to generation is close to 80%. This is a clear indicator that significance of coal
for power generation is undisputable at least for the next few years to come. The situation in
India is similar to Europe. The high natural gas prices led to a stronger reliance on coal for

Page 2 of 17
 GE Power India Limited
February 15, 2023

electricity generation. The coal price globally has been impacted due to the Russia and Ukraine
conflict. Russia being the third largest coal exporter has disrupted the global coal trade and this
has impacted the input price for Indian players as well.

India's coal imports during the 2022 grew 14.7% at 161.18 million tons. The domestic
production too has grown by 17% to 524 million metric tons during the April-November 2022
compared to 448 MT in the corresponding period of last year. This also was a blessing for India
as India largely relies on domestic coal. India has been, to an extent, protected on the electricity
tariffs against the world tariffs because 80% of the generation is still coming from coal. And that
has prevented, as far as domestic coal is concerned, certain amount of inflation in the domestic
markets.

Coming to the flue gas desulfurization business in India, the segment ordered 20 gigawatt
compared to 7 gigawatt during the same period the previous year. This means that the market is
higher this year as compared to last year but the expectation that we had was about 30 gigawatts
against which we saw 20 gigawatts. So in summary, the market is bigger than last year against
7 gigawatts to 20 gigawatts but our expectation was a 30 gigawatt market in the period so far in
9 months. The segment is seeing this slowdown as the deadline for -- I would not say slowdown,
but I would say that certain orders have been delayed as the deadline for coal-based power plants
to implement emission standards has been extended by 2 years.

What does this mean on GE Power India operations? The turnaround for GE Power India
operations is taking longer than we expected. And one of the reasons is the slowness in the
market, for example, the regulatory delay of the mandate to implement FGD technology, but
also the Upgrades. Power producers are currently running their assets at full load to benefit from
high demand. And we are getting a very good price level for power and thus we're delaying
shutdown to implement Upgrades and therefore there is a delay in capex. This we believe is of
temporary nature and we are expecting Upgrades to pick up in the midterm.

Overall, we have seen an uptick in the market with the market size of FGDs being larger than at
the same time last year which is why our -- and which is of course, lower than the level that we
were anticipating, and which is why the orders have gone down from INR 2.6 billion in Q3 of
'21-'22 to INR 1.5 billion in the Q3 of the current fiscal year. You can see on the Page 4 in the
slide, most of the decrease comes from order intake from the FGD segment.

Since FGD and Upgrades are continuing to come in slower than expected, we are using our
existing backlog and therefore, the mitigation actions that we're taking are on two fronts. One
adjusting the load at the Durgapur factory and we have done another round of restructuring
towards that in the current quarter. And the second is on the -- give me a second, please. And
second, which is on focusing on very tight control on the SG&A. At the same time, we are
mindful of the fact that we need to keep the right level of competence for us to deliver on our
future strategy.

On the strategy, in general, on growing core services, we are seeing good progress. We have
been growing and we are expecting to close the fiscal year in the double-digit range. On the core

Page 3 of 17
 GE Power India Limited
February 15, 2023

service execution side, we are doing very well with high levels of productivity. So this is a good
part of the strategy that continues to be attractive.

On the new build side, we are continuing to execute the equipment projects from our backlog.
And the risks we have seen are from commodity price inflation and supply chain disruptions as
a result of the geopolitical instability. And our actions to mitigate these risks include measures
to protect the margin during execution and ensuring a mitigation provision in new orders as well
as looking at alternative sources for key commodities and components.

While these actions are aiming at keeping our business sustainable on the long-term, these risks
include factors that are outside of our control being faced by the entire industry sector. We, as
well as the sector, have made joint representations and representations to the Ministry and
customers for exceptional one-time relief. Timings of such relief is, of course, subject to the
discretion of Ministry and the customers which we are constantly engaging with.

If I have to summarize the executive summary on the Q3, first, I would like to highlight that for
GE Power, the year 2022 is a milestone year as we marked 120 years of presence in the country
and, this year, is embarking on a significant energy transition journey. The turnaround for GE
Power India Limited operations is taking longer than expected due to order intake of FGDs and
Upgrades being lower than anticipated. We are taking actions by restructuring and adjusting the
load at our Durgapur factory and by reducing our operational cost and SG&A. Core services, we
see good progress and we are growing and we expect to close the fiscal year in double-digit
range.

So that's the summary in a nutshell and for discussing financial operations, I will now call upon
our CFO, Yogesh to open and then we will, of course, open for question-and-answers. So, over
to you, Yogesh.

Yogesh Gupta: Thank you, Prashant. Good evening, everyone. And I'm pleased to welcome you today to discuss
our financial and operational performance for the third quarter ended on 31 December 2022.
Lower-than-expected industry demand and subsequent lower order intake in the last 2 years have
impacted our revenue and margin for the quarter. Revenue for Q3 '23 stood at INR 532.7 crores,
down from INR 757.1 crores in the corresponding period of last year, whereas the revenue in
Q3'23 is higher than the revenue of INR 427.8 crores in Q2 '23.

PBT has been impacted because of lower volume, project cost updates, mainly for 2 projects,
Solapur and Jhajjar, and exceptional item for rationalization of Durgapur manufacturing facility
amounting to INR 10.7 crores. Loss before tax for Q3 '23 is lower at INR 30.2 crores against a
loss of INR 46.2 crores in the corresponding period of last year and INR 112.6 crores in Q2 '23.

Structural costs in the first 9 months of the current year have gone down, but there has been
under-recovery due to lower volumes, thereby lower capacity utilization. Loss after tax for Q3
'23 was INR 139.9 crores against a loss of INR 34.5 crores in Q3 FY '22. The increase in loss
after tax is due to the treatment of deferred tax asset. The carry forward amount of the deferred
tax asset has been reviewed by the company management.

Page 4 of 17
 GE Power India Limited
February 15, 2023

And considering the recent financial performance of the company, lower order intake than
expected and delay in order backlog execution, the management has taken a conservative view
as per the accounting standards to charge off the deferred tax asset of INR 109.7 crores during
the quarter ended 31 December, '22. During the quarter, the company got orders worth INR
152.1 crores against INR 264.7 crores in Q3 FY '22. As of December 31, '22, we have an order
backlog of INR 4,020 crores.

This is on the financial front, a brief summary. Now we are open for Q&A.

Moderator: The first question is from the line of Danesh Mistry from Investor First Advisors.

Danesh Mistry: I had a couple of questions. One is that, if I were to see, this time, your other expenses have gone
up year-on-year. So is that in some ways related to the INR 9 crores extra impact that we have
taken on account of Solapur? That's question number one.

Prashant Jain: Sorry, can you repeat, please?

Danesh Mistry: The other expenses, if we were to see our console numbers, so our other expenses in December
'21 was INR 51 crores, and on December '22 was INR 69.9 crores, roughly INR 70 crores. So
they're up about 40%. So this is on account of any onetime expenses that we have done or is the
INR 70 crores a number that now we have to work with in the other expense? And what are
these other expenses actually?

Yogesh Gupta: Well, I will take this question. On this, like that INR 9.7 crores that onetime is not in the other
expenses. And the reason for the increase from INR 512 million to INR 699 million, if we look
at our performance in Q3 '21-'22, we had a bad debt provision write-back of INR 94 million,
whereas this year, we had to create additional provision of INR 83 million. So this netted an
impact of about INR 177 million.

And the second major reason has been the net loss on foreign currency front. This quarter, in the
current year, we have had an impact of INR 87 million, whereas last year, there was no impact.
The rest other like small like tickets in the range of about plus/minus INR 10 million to INR 15
million.

Danesh Mistry: So this INR 9 crores number of Solapur comes where then?

Yogesh Gupta: This has been there in our cost of material or you can say on the cost -- basically, this was
impacting the project, and this is on account of the insurance, like that will be finally covered.
Because of the estimates in the survey we realized that this additional cost impact will come.

Danesh Mistry: And I remember a couple of quarters ago, we had also taken some cost write-off on account of
that hydro project in Odisha. So has that project started off for us now?

Prashant Jain: The hydro project in Odisha, if you're referring to Subansiri project. So yes, there is a good
progress on the project. The project is moving well at this point in time. And yes, so we are
seeing a good progress, I would say. So we don't see any further surprises there. It's progressing
well.

Page 5 of 17
 GE Power India Limited
February 15, 2023

Danesh Mistry; Got it. And on the receivables front, if you could also give some sense of the balance sheet today,
what is our debt position today? And what are the receivables that are still pending? And any
milestones that we see coming up in the next, let's say, 1 year, where some of these receivables
would be realized?

Yogesh Gupta: On the front of our borrowing, we are at INR 273 crores borrowing as of 31 December '22.

Danesh Mistry: This is gross?

Yogesh Gupta: Yes, this is the gross borrowing that we have both from external and our internal like affiliate
arrangement. And this number was INR 293 crores as of March '22. So we have reduced
borrowing by about INR 20 odd crores. And if we look at the September '22 numbers, we have
reduced the borrowing by about INR 800 million. So this is on the front of our borrowing. And
when we look at our receivables position, we have net receivables of INR 20.74 billion as of 31
December, '22. And this number as of March '22 was INR 23.95 billion. We have improved
upon our receivables position as well.

Danesh Mistry: And any sense, I mean, on how much we could expect in the next 1 year? Is it 30%, 40%? Just
an idea, I mean...

Yogesh Gupta: What I can say in terms of the next 3, 4 quarters, we expect that the majority of the work that we
will do on the FGD projects is on site work, and we expect to collect majority of the retention
payments on the FGD projects in the next 3 to 4 quarters. So that is what we see because most
of the supplies are done, now it's pretty much the site works on the projects that have -- in the
previous backlog. Of course, we have the new projects, we will start to see them in the next 6 to
7 months, but not in this current year.

Danesh Mistry: Actually, one thing that I must congratulate the management on is that you kind of manage your
costs pretty well and that's how you've brought it down. Just one last question from my end.
What would be the contribution of services in our revenues? In the presentation, you've given
the order book breakdown, saying how much is services and how much is new build. But how
much is it in the revenues today out of the INR 500-odd crores of revenue that we have done?

Yogesh Gupta: This number, in percentage terms I can share with you. In this quarter, we have done a total
revenue of about INR 5.3 billion. The services have been in the proportion of almost about 23%.

Danesh Mistry: And last year, this was how much, just roughly?

Yogesh Gupta: Last year, this was, I would say, a shade lower. So I would not have exact number right now but
the indicative number will be about 25% - 20-odd percent, yes. So this is a significant revenue
that we have done in this current quarter, which is, in my view, one of the best that we have done
in service revenues. So it has been an exceptional quarter on the performances of services. So
it's -- that portion of business is -- the core services is doing quite well.

Danesh Mistry: And in Durgapur now, have we finished whatever restructuring we had to do or do we still expect
any more restructuring in Durgapur?

Page 6 of 17
 GE Power India Limited
February 15, 2023

Prashant Jain: So I would say that the majority of the actions are done. Now, in the last year, what we have
seen, against our expected load on the factory, since we had lower levels of inventory and high
material inflation, we lost out some bits to the competition who had larger inventory in the
factory. So this year now we have to catch up as the material prices stabilize. We are working
on a strategy to load the factory.

But at this point in time, I would say that the book and build is going to be very crucial to monitor
the performance very closely. So we are monitoring that very closely, that is a large part of the
under-liquidation today in the numbers. And we want to retain the competence and the capacity
so that as we get back the load, that is what you would see as the under-liquidation that is
impacting whereas the SG&A is lower for -- that we've done.

The under-liquidation currently is what we're seeing hurting us, but we have reached at a point
where further action without compromising on competency is a challenge. So I think the trick is
on how fast are we able to bring orders to -- for the shop.

Yogesh Gupta: So I'll just clarify, it is about -- in the last year same quarter, the service -- clean service revenue
was about 16% . And this year, it is about 23% as I mentioned earlier, yes.

Moderator: The next question is from the line of Surbhi Saraogi from SMIFS Capital Markets.

Surbhi Saraogi: Sir, in your opening remarks, you said that the turnaround of GEPIL operation is taking longer
than expected. So can you give some outlook as to by when do you expect the business to turn
around or by when at least you expect to go EBITDA positive?

Prashant Jain: I would say that the leading indicators, Surabhi, for this would be order intake. We have done
the optimization of the capacity. And I would say that you should monitor the progress of order
intake. Currently, we are falling short of the orders. And as we see the orders progressing,
considering the lead time typically of the orders is what I think we will have to monitor quarter-
on-quarter, we would not make any forward-looking statements.

Surbhi Saraogi: Okay. And sir, one more question regarding the incident at Solapur, can you give some comment
as to what are the implications going forward, whether all the provisions have been done?

Prashant Jain: Yes, all the provisions have been done. And after the provisions, we now have to start the -- we
are now in the process of -- the surveys have been done. The final survey concluded in the current
quarter. Therefore, you see the additional hit which we have announced in today's results. That
is the update that we've had from the previous. So now we have booked all the costs that are
required to be booked on the project in the provisions.

As we now make progress and recover the money from the insurance, we will -- in a year's time,
as we will execute the project, we will start claiming with the insurance and make progress on
the project. So the provisions have been done, it's about now making progress, investing money
and then recovering from the insurance is what we'll have to do as we go forward.

Moderator: The next question is from the line of Mohit Kumar from DAM Capital.

Page 7 of 17
 GE Power India Limited
February 15, 2023

Mohit Kumar: Sir, first question is on the thermal pipeline. You said thermal pipeline is improving materially.
As we stand today, they're roughly around 7 to 8 gigawatt of order which you opened. Does it -
- and we, of course, expect BHEL to win a larger share of order, does it bode well for our order
outlook?

Prashant Jain: So the number that I mentioned, 7 gigawatt was in the last year, the orders of FGD versus that
you've seen about 20 gigawatts of orders of FGD in the current year. And...

Mohit Kumar: Sorry to interrupt, my question was primarily on the thermal BTG order, yes.

Prashant Jain: Yes. So on the BTG, we are still evaluating the participation. And yes, today, we will announce
that we are working on the opportunities. But at this point, it's too early for me to comment.
Those are still in early stages of discussions with the customers.

Mohit Kumar: Secondly, sir, on the FGD side, of course, there is some delay. But how do you expect it to pan
in next 12 to 18 months, given that the first time line, if I remember correctly, is 31 December,
'24, and second is '25, third is '26? So I think this is the time -- so FY '24 should see healthy
order for FGD side. Is my understanding correct?

Prashant Jain: So what we will do is we will make a comment on the market. What we have seen is even though
the customers do decide the order, by the time they make the purchase order and they make the
payments, we are seeing a cycle of 9 months to 1 year. So the ordering, even if it happens, the
customer makes the decision, places the purchase order, then they close the financial
commitment and making the down payment, we have seen a slightly longer cycle.

And the orders that we have booked so far, 2 of them, we have booked them almost after closing
the deal in a period of 9 to 12 months. And that is what we are a bit concerned of because the
time lines have been extended. We see customers are still eager, negotiating, taking offers. But
by the time we see the cash coming into the books, it's taking a bit longer. So that's the overall
context when we say the ordering is delayed. Overall market is intact. It is just that we would
have wished to have the entire order intake in the year so that we could start converting it into
revenue.

But it is going to take longer for us to book and convert those orders in the context of what we
were trying to explain in the earlier half. On the total project pipeline, I would ask Vinit to step
in. Vinit, maybe you want to just make a mention on the market of FGD as we still see it?

Vinit Pant: So still I’m looking at what. gigawatt needs to be ordered, roughly 110 gigawatt has been ordered
and another 110 gigawatt remains to be ordered, which translates -- of INR 56,000 crores. So
that is what needs to be done. And as you correctly mentioned, as far as time lines are concerned,
the end date where most of the plants are -- is ’26 and –considering And strong time period of
just.

Logically you know, thought start ordering in ’23 or ’24 -- start ordering. But as Prashant said,
there is a delay, customers are taking their -- NTPC central utilities have really gone ahead and
mostly it would be the IPP and the state utility customers, which is taking time, as Prashant
mentioned. We are in -- getting -- with the -- taking more time.

Page 8 of 17
 GE Power India Limited
February 15, 2023

Mohit Kumar: And on the new FGD tenders, payment terms should be far better than our legacy orders. Is that
understanding correct?

Vinit Pant: Yes. That is right. They are far better and clearly, we have a strategy also to look at the cash
accretive deals with positive cash flow and our recent orders are aligned with this strategy.

Mohit Kumar: And lastly, sir, you have signed an MoU with NTPC for reducing carbon intensity from NTPCs
coal-fired units. Is this something likely to materialize over the next 12 to 18 months? Or do you
think it's just, at this point of time, at explorative stage?

Prashant Jain: Yes, it's early stage at this point in time because this is towards the 2030, we want to achieve
certain outcomes in the long term. And we are working -- so initially, we see some engineering,
our commitment maybe for 1 year, 1.5 years, where we will do some joint engineering R&D
work, and the deployment should happen only in 2 years.

So it's a great investment towards creating a decarbonization strategy for the coal-fired sector.
So we think it's a great opportunity. And it is, of course, nonexclusive. So we have to also make
sure that we deliver and we develop on that as we move forward. So your estimate is right. We
will see it in maybe 2 years more than the engineering that we will see as pilots -- it'll take some
time to evolve, but it's in the right direction towards energy transition.

Moderator: The next question is from the line of Apoorva Bahadur from Goldman Sachs.

Apoorva Bahadur: Sir, I wanted to understand if we have quantified the potential opportunity from this extension
of the retirement age for plants, which I think MOP had notified some time back. So do you
expect large-scale R&M to be undertaken for any life extensions and if yes, then to what size?

Prashant Jain: So if you look at the Indian market vis-a-vis the global markets, we anticipate that Indian markets
will remain flat, which means that we will see maybe at the most, we will not see a market going
down, it'll be flat, even if -- and the challenge that we are currently seeing with the customers,
they did not anticipate the demand. And now because they have the demand, they are not willing
to shut down even for normal maintenance. So certain ordering has been actually postponed. So
yes, it should convert into upgrades. And we do expect that in the midterm, the upgrades will
come up. So Vinit, you want to add around the market development?

Vinit Pant: So I think he was, Prashant, referring to the discussion which has taken place in the power
ministry where Power Minister has advised not to retire thermal units and go for revamping. So
we have that list -- to answer to your question, we have a list of about 224 units totalling 65
gigawatt where potentially there could be a requirement of R&M and this would be mostly 210
and 500 MW units. So we are keeping a track of it. We have already done turbine upgrades in 2
plants, GSECL Wanakbori and NTPC Ramagundam, which are the reference plants also referred
to by the CEA and MOP. So we are glad to inform that we have successful references and
execution capability and we will be ready to address the requirement as and when the tenders
come out.

Apoorva Bahadur: So what would be the capex, say, in crores rupees million per megawatt that we should typically
associate with, say, a turbine upgrade?

Page 9 of 17
 GE Power India Limited
February 15, 2023

Vinit Pant: This is something which we are still working on and will depend on the size of the plant, scope
and specification of the project which will vary from plant to plant, it would depend. It would
not be correct to put a number at this stage

Apoorva Bahadur: Okay. And sir, and the list that you have for the 65 gigawatt which is to be sort of upgraded, is
it more towards the state-owned power plants or is it also for these centre and private power
plants?

Vinit Pant: No, it would be mostly state and centre, it will not be IPP, because most of the IPP units are new
with relatively higher efficiency.

Moderator: The next question is from the line of Manvira an Individual Investor.

Manvira: I have a couple of questions. Can you provide the segregation of order inflow from FGD, clean
service, hydro and gas?

Prashant Jain: We have already given that indication in the chart for you to see.

Manvira: Okay. And do you think the decision of government to extend the emission deadline for coal-
fired plants has impacted the FGD order flow?

Prashant Jain: So yes, I have mentioned earlier that we were expecting in the period, 30 gigawatts to be ordered
roughly, and we have seen about 20 gigawatts being ordered. So yes, we are seeing that certain
customers have not been in a hurry to execute. And based on the zones, the time line for even
implementing the existing projects, the amount of urgency that was there earlier to get on to that,
we are seeing certain ease in the ordering cycle. So yes, in the current year, against the 7
gigawatts last year, we see 20 gigawatts. So market has gone up, but we were expecting 30
gigawatts, but it is 20 instead of 30. So not to the extent that we expected because of these delays.

Manvira: And lastly, can you give me the update on the execution front? So last year, you had mentioned
that the execution in some of the project is delayed, and which is impacting our profitability. So
has the situation improved?

Prashant Jain: Sorry, can you repeat the question?

Manvira: So last quarter, you have mentioned that the execution in some of the project is delayed, and
which is impacting the profitability. So has the situation improved?

Prashant Jain: Yes. Raj, would you want to comment on overall execution, how much delays are you seeing in
our project portfolio and what you're seeing in the current year in terms of milestones to
achieved?

Raj Raman: Yes. Thanks, Prashant. So, we -- as such for our FGD execution, we continue to lead in terms of
the milestone completion as far as our customers are concerned. Yes, we have seen impact on
account of the inflation and the supply chain disruptions. Overall, there has been a delay, which
we have seen, again, cascading from the COVID-related delays. However, we have a strong line
of sight for many milestones to be achieved in this next 2 to 3 quarters, as Prashant mentioned

Page 10 of 17
 GE Power India Limited
February 15, 2023

in the beginning, and that would really help us to secure our cash on the retentions from the
customer.

Moderator: The next question is from the line of V.P. Rajesh from Banyan Capital.

V.P. Rajesh: So first question on the comment you made in your opening remarks about the relief that you're
seeking from the Ministry and the customers. Could you elaborate on that? What kind of relief
are you looking for? And what's the potential timeline for any of that?

Prashant Jain: Yes. So the -- if you look at the COVID Wave 1 and COVID Wave 2 in isolation, they are
individual force majeure events. But when you add the COVID Wave 1, COVID Wave 2 supply
disruptions that continued and then the hyperinflation that has happened subsequently because
of supply chain disruptions during the conflict in Europe, the combined effect has had an impact
on the projects to the tune of 3 to 4 years and the normal indexation that is applied into projects
is not adequate to cover this inflation. So we have represented to the Ministry and also to our
customers to give a relief in terms of having an index that adequately covers this exceptional
situation.

This is not business as usual. And such a prolonged duration on the projects side is not what was
anticipated by anybody when we started the project, and this is on behalf of the industry and the
sector, not for the company alone. And therefore, we have said that we need a special indexation
and a relief for these projects so that the PVC can be applied with a special index and not the
normal index for business-as-usual times. So that is what we have represented from the industry.

V.P. Rajesh: And what's the timeline of a potential resolution to this? Is it a quarter or 2 or maybe a year...

Prashant Jain: That is -- I would not be able to hazard a guess because it's in the government's area. So yes, we
have made representation both to the government and customers. Maybe the customer may
decide, maybe the government would decide, so we don't know. If some customers do decide,
that might come sooner. If the government decides something, it might come sooner, the
government may not decide. So it's uncertain, but yes, it's an exceptional situation being faced
by the sector. And therefore, I see that this is a problem across the sector that people are
representing to secure this.

V.P. Rajesh: Understood. And then on the FGD business, you talked a lot about that the customers are not
shutting down the plants for regular maintenance, but aren't they required by compliance,
etcetera, to put these things or you're saying just because the time period has been extended, they
are going to wait till the very end to start doing these projects, which are required anyway?

Prashant Jain: Correct. That's right. In that there are 2 topics, right? One is the FGD, the second is services. In
services, it's a short-cycle business. And if you expect the customer would have done, say, an
outage in, say, in December, January or March, typically an area that we might want to do an
outage, but if there is a big demand and you have seen the tariff has actually gone as high as INR
20 or INR 16 now on the exchange, so they would continue then not to stop the plant for
maintenance in that quarter, but push it out by a quarter. But if they do that for a quarter, then
for that quarter, the service business is gone. So that impacts short-term movement of the quarter

Page 11 of 17
 GE Power India Limited
February 15, 2023

based on the demand. So in my view, that's temporary and that pushes the customers to delay
their decisions simply by a couple of quarters, but impacts the short-cycle business.

V.P. Rajesh: But that's a revenue loss for us, right? Or is it the revenue...

Prashant Jain: Correct. That's temporary, yes, because eventually they will have to catch up. And upgrades, we
see the challenge, that upgrades we have seen a big demand in the inquiry, but then we've seen
that, okay, they are now deciding the timing of the upgrade and when they want to commit to
the capex, we're not seeing a lot of decisions happening towards upgrades yet. But there is a big
pipeline, and you heard earlier in the previous question that even the government has now said
several plants not to be retired in 2030, that is meaning that the upgrade R&M market should
open up, but we're just not seeing that converting into decision yet. And typically, I mean, our
experience has been in the past, it takes a few years for an upgrade opportunity to mature. So we
are optimistic that in midterm, the upgrade market will come back.

V.P. Rajesh: Understood. And then last question, what is the time line for GE parent company to divest its
asset? I know you had talked about it several quarters ago, but if you can just refresh the time
line again, please?

Prashant Jain: Yes. So GE, the announcement was in February for a 36-month period, and that is where we are
today, and I have no further update on that. So there are 2 aspects to it. One is about the strategic
direction of GE wanting to exit and the second was about making the company independent in
terms of technology, knowledge, etcetera. So on the 36 months that I have said, it's in public
domain since February. And the second area was the technology transfer, etcetera, which is on
track. And in terms of the FGD is concerned, we are now fully independent and the other
technologies, we have a road map in place to ensure that GEPIL has all the technology that it
needs to be able to run in the area of business that GEPIL would like to run.

V.P. Rajesh: Okay. So February '22 is the starting point, is it, or '21?

Prashant Jain: It's '22, I feel, yes.

Moderator: The next question is from the line of Aditya Shah from Vikram Advisory.

Aditya Shah: Sir, I wanted to check that I heard that on December '22, we have a trade receivable of roughly
around INR 2,000 crores. I wanted to know that how much out of that is retention money and
the time lines that you expect to receive that retention money. The second question is regarding
what is the operating cash flow that we've made for the full 9 months this year?

Yogesh Gupta: Yes. On the retention, we have approximately about 80% as retention of the total outstanding
that we have. This I'm talking of the net receivable position after removing the provision for
doubtful debts & LD.

Aditya Shah: As of March '22, the retention money that we expect to receive was around INR 1,892 crores,
right?

Yogesh Gupta: Yes.

Page 12 of 17
 GE Power India Limited
February 15, 2023

Aditya Shah: So out of INR 1,892 crores, how much of that is right now -- in December?

Yogesh Gupta: It is INR 16.4 billion -- INR 1,644 crores.

Aditya Shah: Okay. Okay. Okay. And when do we expect ourselves to receive that INR 1,600 crores?

Yogesh Gupta: Prashant has already answered this.

Aditya Shah: Average timeline?

Yogesh Gupta: So this we are -- most of the projects are in the, I would say, the commissioning and site activity
stage. And as and when the milestones will get completed, these payments will be collected.
And we are looking at a substantial amount of collection in the coming 2 years.

Aditya Shah: Okay. Okay. That is helpful. And the operating cash flow for 9 months?

Yogesh Gupta: The operating cash flow for 9 months has been -- we are positive INR 590 million cash flow.
And if we consider the borrowings impact also like the reduction in borrowings, then the impact
is INR 388 million.

Moderator: The next question is from the line of Ramesh Behera an Individual Investor.

Ramesh Behera: So my question to management, like it's been a year now, and we are not seeing any information
or update around depromoterization. Did GEPIL management had a discussion with GE, the
parent company about what exactly going on to protect retail investors interest? Or it's only like
whenever they require, they will contact with you guys?

Prashant Jain: So yes, as I said earlier, there are 2 parts to the announcement. One part is related to where we
are working together with GE on making the company independent in terms of capabilities,
knowledge and competency and technology transfer in the areas of business that GEPIL would
want to continue. And that portion, we are in constant engagement with GE, and we are on track.
As regards to the other part of the announcement, which is strategic in nature, which is at arm’s
length and on that portion of -- GE, of course, will -- so GE is leading that and the announcement,
I don't have any further update on that.

Ramesh Behera: So my question is that, are we in get in touch with them? What exactly like the future road map
or what they're looking for or it's kind of the disclosure whenever they are going to make to the
public?

Prashant Jain: Yes, as and when there is anything material or update, for sure, we will update and disclose to
the market, I have no information at this point in time that I am able to disclose.

Ramesh Behera: Okay. One more question. Like I could feel like -- I'm invested from last 6, 7 years in GEPIL,
okay? So basically, what's happening, GEPIL signed a deal on 20 December 2022 with NTPC
related to the coal-fired business to like a long-term contract with NTPC, but those kind of
information not shared in -- not disclosed in BSE, NSE website and you guys coming with those
information on result PDF or presentation. Why you are not sharing that information
immediately with the retail investors?

Page 13 of 17
 GE Power India Limited
February 15, 2023

Prashant Jain: Sorry, I'm not clear about that. Can you repeat the question? It's not clear to me.

Ramesh Behera: So basically, the disclosures, like, it's not happening as it was like for NTPC deal or any orders
we have received for last quarter. Those are actually like updating in the PPT presentations, PPT
and presenting to investors. So I just wonder why this 23 December incident not reported to
stock exchange?

Prashant Jain: There is no material information. So I don't know which order you're referring to.

Ramesh Behera: It's not order, the contract MOU signed with NTPC.

Prashant Jain: The MOU? The MOU is in the public domain, and it has been placed in the public domain.

Ramesh Behera: I don't think so it's in public domain. It's in GE website but not in the public domain. So basically,
the retail investor will not go to the GE website, right?

Prashant Jain: It is not material to the performance of the company. It's a technology discussion with NTPC,
and we don't see that it will have a material impact, as I explained earlier, in the next couple of
years. So from that point of view...

Ramesh Behera: If you go through the other way, like NTPC disclosed that information immediately in the stock
exchange. So if you go through the NTPC disclosure, you will get that information like they
have signed MOU with GEPIL. So I'm bit worried like how -- like why we are not disclosing
this information. The similar way, the orders that we received for this quarter, like September to
December, those orders also are not disclosed in a timely manner.

Prashant Jain: I don't agree with you there, sir. We are following all the policies and making requisite
disclosures

Ramesh Behera: I'm in front of the BSE website. I couldn't see any...

Prashant Jain: Yes, yes, #1, the press release was issued for this MOU, #2, all the orders, which are required to
be disclosed are disclosed to the Stock exchanges if they are material. There is a materiality
threshold for making disclosure, and we ensure that any topic that is required to be materially
disclosed we disclose. And the total order intake value, as you can see, it is disclosed.

Ramesh Behera: I don't understand what does mean that public domain? Are you referring BSE, NSE exchange
as a public domain or it's the GEPIL website? These information are available in GEPIL website,
but not in BSE, NSE exchange. See, investor like us, they're always looking for the information
from exchange rather than the website. So why not we are planning on that way? I couldn't see
any disclosure around this particular order intake or the execution of the projects we did for last
quarter successfully. Those information not at all disclosing in BSE or NSE change.

Prashant Jain: We take the feedback and we'll review. In my view, as I said, there is no intention of not
disclosing any topic that requires disclosure so far. But we take this feedback, and we will come
back on that.

Page 14 of 17
 GE Power India Limited
February 15, 2023

Ramesh Behera: Sure. The one more question, like around the turnaround sentence in the PPT, like what exactly
went wrong? Like if you compare to the business or COVID scenario or other things, the similar
kind of industry or similar kind of companies are coming with robust result. They are coming
with robust implementation for execution and coming with like a good amount of revenue for
the quarter. And what exactly went wrong for GEPIL? Why we are looking for a turnaround for
GEPIL?

Prashant Jain: So when we say the turnaround, it's a good question, there are 3 areas that we have identified for
GE Power India Limited. One area, we knew that there is a challenge that there have not been
very significant new build orders in the past 4 years and therefore the company had to pivot
towards developing service business.

Now as we have started to work towards service business, we see a significant development in
the service core orders, but we have not seen any upgrade orders material at all in the current
financial year so far. So therefore, the growth that we were anticipating from service is not
largely due to upgrades where we have not seen any upgrade orders. We don't see the growth of
replacing new build with service as a lever for growth has not moved. It is moving in the right
direction, but not to the extent that we anticipated, and it is largely due to upgrades.

The second area is on the FGDs. On the FGDs again, we have had an LOI, for example, and that
is taking longer time for converting into cash and order booking, for example, Anuppur that we
disclosed in December last year, it took almost 9 months for materializing that order and
receiving the down payment.

And similarly, now in certain contracts or even if you are L1, it is taking a lot more time for the
customer to materialize and convert that into orders. So if you see 2 years of order intake, where
we have had lower order intake, the profitability of the company will depend on the revenue that
comes from backlog. So the speed with which we should have added to backlog, we have not
been able to add. And today, the backlog is flat. So that is what is limiting for us to turn around
faster than we anticipated and largely driven by the market, which was not as we expected. So
it is largely coming from FGD and upgrades.

Core, we see good progress, and it is moving. The second lever that we've said was to move
towards non-EP and EPC that is on track. And the third lever we had said was we will add more
and more private customers so that we have a flexibility of cash terms and lesser retentions. That
portion is on track. However, is that compensating for the breakeven volume that we are able to
move into a profitable zone and the order cycle to convert into revenue? That is taking slightly
longer.

Ramesh Behera: The final question is like what exactly the market share we are looking for in FGD order?

Prashant Jain: Yes. That's a good question. Vinit, can you please clarify?

Ramesh Behera: My question is not yet. And again, like from past 2 years, like I think Prashant sir always saying
like it's a lower intake orders. If that is the case, why you were not expanding our like
participation in the FGD in other areas rather than only limited to few customers?

Page 15 of 17
 GE Power India Limited
February 15, 2023

Vinit Pant: Okay. So the first question, we are targeting a market share of around 10% to 12% in terms of
gigawatt. And we are looking...

Ramesh Behera: If I remember, this was like 18% to 19% earlier.

Vinit Pant: It is right, but now as we are moving more towards state utility and IPP customers. So as
mentioned, we are looking at select customers and cash-accretive deals. So for that reason, we
are targeting this.

Ramesh Behera: Are we not looking in the other opportunities?

Vinit Pant: Yes, we are trying to -- in some cases, we are bidding on EPC basis, on EP basis. So it's going
to be a mix. And some cases, we're also trying to work with partners in order to achieve our
access to the market. We are working on it.

Prashant Jain: So what we have done, just to summarize what Vinit have said, what we have done is, we have
removed the entire 110 gigawatt that will be ordered in the next 2 to 3 years. Of that, we have
categorized there into state IPP. Central is largely done, with NTPC ordering, it's all over. So it's
largely now state and private IPP. On the state, we are not going after every state because we
cannot take terms which are not cash-accretive or margin-accretive and increase the stress on
working capital for the company. So therefore, we have been selective in the opportunities that
we think will be cash-accretive, margin-accretive to the company.

Therefore, we are doing a combination of EP and EPC and this strategy is working very well so
far. The new orders that we have taken, there we see a good execution. On the 2 EP orders and
1 industrial order that we have so far, we have seen that the execution has been very stable so
far, and we have been able to control the outcome very well. So all the learnings that we have
learned in the past, that part of the strategy is working quite well.

Moderator: The next question is from the line of Danesh Mistry from Investor First Advisors.

Danesh Mistry: I had just one question. You mentioned that essentially power plants are running at full tilt and,
given that they have a lot of demand and you see that -- so do you see actually the services
business picking up from here, given that if you run a machine for long, it would need service.
I'm just asking from a very layman's perspective.

Prashant Jain: Yes. So there are 2 parts to the business. One is the core services, one is the upgrade business.
So what we've experienced so far, the core services, over a period of 1 year, it balances out. At
times, the customers have an annual budget. And in the end, somewhere during the year, if it is
pushed from one quarter to the other, it balances out. So I will lead on to Vinit to comment in
terms of actual numbers, what we saw in the core services due to this in the market from our
expectations so far versus actual landing number in the market in core services.

On the upgrade, typically, it's a large cycle capex where the customer also needs an approval
from the regulator, and therefore, the process takes over 2 to 3 years, and it is very lumpy. You
get either a big one or you don't get anything for a time. So that's the lumpiness in the upgrades
market and it is not smooth. Overall, on an annual basis, the market, if I have to split, is roughly

Page 16 of 17
 GE Power India Limited
February 15, 2023

about 70%, 80% core to 20%, 30% in upgrade. That is how the market is. So, Vinit, if you want
to comment on the market of core last year versus this year, and something on upgrades?

Vinit Pant: Yes. So Prashant, I would say, for the market, more or less has been the same level for the core
services as last year while some of the key upgrade projects have got deferred, but we have
shown that we ar0065growing in core services -- and are looking at double-digit growth by the
end of this year.

Prashant Jain: All right. Before we close, I wanted Kamna to update on the disclosure of MOU with NTPC.
Kamna, would you please take up the question? Of course, we consider the feedback, and we
will see if we can improve the disclosures.?

Kamna Tiwari: The Company is committed to make all the disclosures in compliance with the Listing
Regulations. Additionally, the Company has a ‘Policy for determination of materiality of event
or information’ and determines informationfrom qualitative and quantitative perspective in
compliance with the aforesaid policy.

Prashant Jain: Okay. Thank you, Kamna.

Moderator: As there are no further questions, I hand the conference over to Mr. Prashant Jain for closing
comments.

Prashant Jain: Thank you all for joining the call today, and I would like to thank you all on behalf of my team.
Thank you, and have a good evening.

Moderator: Thank you. On behalf of GE Power India Limited, that concludes this conference. Thank you
for joining us. You may now disconnect your lines.

Page 17 of 17
 22nd February,2023

To,
Deptt. Of Corporate Services- Listing
BSE Limited.
1st Floor, Rotunda Building,
Dalal Street, Mumbai – 400001.

Sub: Press Release

Dear Sir/Madam,

Please find attached a Press Release titled “Finastra and Integro Technologies to offer
comprehensive digitalization and exposure risk offering for trade finance.”

Kindly take this on your record.

Thanking you,

Yours faithfully

For Aurionpro Solutions Limited

Ninad Digitally signed by
Ninad Prabhakar Kelkar
Prabhakar Date: 2023.02.22
Kelkar 07:39:05 +05'30'

Ninad Kelkar
Company Secretary

Aurionpro Solutions Limited Synergia IT Park, Plot No. R-270, Phone +91 22 4040 7070 info@aurionpro.com
T.T.C. Industrial Estate, Gautam Nagar, Fax +91 22 4040 7080 www.aurionpro.com
Near Rabale Police Station, Rabale, CIN: L99999MH1997PLC111637
Navi Mumbai 400701. MH-India.
Press Release
The latest news from Finastra

Finastra and Integro Technologies to offer

comprehensive digitalization and exposure risk
offering for trade finance
 Finastra’s Trade Innovation and Integro’s SmartLender Trade Limits solutions to
be available globally through a single offering
London, UK and Singapore – February 22, 2023 - Finastra, a global provider of financial services software
applications and marketplaces, today announced a partnership with Integro Technologies a subsidiary of
Aurionpro, the pioneer provider of high-end lending platforms, to offer Integro’s SmartLender Trade Limits
solution alongside its own Trade Innovation solution.

Integro’s SmartLender has been successfully helping banks in Asia and the Middle East manage risk in
trade finance for over 20 years. With Finastra’s global reach, banks around the world will be now able to
combine SmartLender’s advanced exposure risk capabilities with Trade Innovation’s front-to-back
capabilities for frictionless trade and supply chain finance.

“Banks are operating in an era of unprecedented uncertainty and are having to manage risk on a global
scale. Digitalization is the only way to effectively manage such uncertainty to bring a true understanding of
risk,” said Iain MacLennan, Vice President, Trade & Supply Chain Finance, Finastra. “With SmartLender
Trade Limits and Trade Innovation in a single offering, not only will banks be able to reap the benefits of
end-to-end digitalization, but they will also gain the ability to manage exposure risk throughout the trade
finance process. We are excited to offer this new capability to our customers and look forward to future
success with Integro.”

"The best of breed capabilities of Trade Innovation, combined with the granular Limits Management
capabilities of SmartLender Trade Limits, will give customers a competitive edge to expand and scale their
trade and supply chain businesses with effective risk management,” said Mr. Shekhar Mullatti, CEO, Integro
Technologies Pte Ltd. “We are excited to partner with Finastra on this journey to enhance digital
transformation, accelerate growth, and improve efficiencies in trade processes across the world.”

1 © Finastra | February 21, 2023

Press Release
The latest news from Finastra

SmartLender Trade Limits is a comprehensive digital trade limits system that enables exposure risk
management at every stage of the trade finance process. With end-to-end centralized processing
capabilities and open APIs, SmartLender Trade Limits offers easy and widespread configurability and
improves productivity with reduced rates of trade rework and active limit monitoring. The intuitive workflows
allow well-supported decision making with global trade limits structures and limit checking from numerous
views, including country risks, industry/sector risks, group and counterparty risks, all from a scalable
architecture designed to handle rapid changes to workloads and user demands to ensure business
continuity.

Trade Innovation is the best-in-class booking engine with embedded workflow management for working
capital finance, covering all aspects of working capital and supply chain finance. The solution provides open
connectivity to networks, the creation and management of digital original documents, as well as the
automation of compliance and document checking tasks using AI and machine learning. With front-to-back
digitalization of the documentation and processes involved in complex guarantee wording and workflows,
Trade Innovation reduces friction in processing and improves turnaround times. Using the solution, banks
can accelerate their move to paperless trade, enable greater automation in their operations, and respond
quicker to market requirements.

- ENDS -

For further information please contact:

Benjamin Jun Tai
Senior PR Manager, APAC
T +65 9058 1160
E benjamin.juntai@finastra.com

Ninad Kelkar – investor@aurionpro.com

Monikarjun Dutta – monikarjun.dutta@adfactorspr.com

About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading
open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-
winning solutions and services across Lending, Payments, Treasury & Capital Markets and Universal
Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and
grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering
approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions,
including 90 of the world’s top 100 banks. For more information, visit finastra.com.

About Integro Technologies Pte Ltd

Integro Technologies is a high end and pioneering provider of Lending Platforms. Our market leading
“SmartLender” platform represent best practices and practical methodologies harnessed and distilled over
more than 15 years. Leading banks across Asia and the Middle East use SmartLender to help achieve their
strategic objectives. Integro Technologies is headquartered in Singapore with delivery centres in Malaysia,
Thailand, Vietnam, India, Indonesia & Philippines. Integro is a subsidiary of Aurionpro Solutions Ltd. For
more information, visit www.integrosys.com

2 © Finastra | February 21, 2023 Please consider our planet before printing
About Aurionpro
Aurionpro Solutions Limited (NSE: AURIONPRO) (BSE: 532668) is an advanced technology solutions
company catering to the needs of the Banking, Mobility, Payments, and Government sectors. It converges
multiple technology solutions under a single umbrella – Advanced and Accelerated Platform-led
Transformation (ADAPT) to the ‘New Digital World’. Headquartered in Mumbai, India, the company serves
globally with the expertise and commitment of 2000+ passionate people supporting its journey.For more
information, visit www.aurionpro.com