AG Ventures

- Phase one of the Insoluble Sulphur (IS) plant (5,500 MT p.a.) was commissioned in December 2021; total IS capacity ~40,000 MT p.a. (Page 3). - Additional sulphuric acid plant capacity of 50,000 MT p.a. commissioned at Dharuhera (Page 3). - Ramp-up of new capacity expected to take a few quarters (Page 3). - Expansion plans ongoing, more utilization anticipated by Q4 FY2023 (Page 13). - Post-demerger, the insoluble sulphur (chemical) company will focus on growth, paying ~50% PAT as dividend; retained earnings will be used for related business growth or dividend payout (Page 10). - Investment company will pursue specialized investments primarily in private equity and venture capital (both direct and fund investments) with 20-25% of net worth as a target allocation (Pages 15-16). - Future investments by investment company are under evaluation and could evolve over time (Page 6).

- Slight increase in sales volumes noted over the previous year. - Total income growth was moderate (4% YoY in Q4 FY2022). - Demand initially impacted by COVID third wave and geopolitical issues but positive sequential growth expected in Q1 FY2023 compared to Q4 FY2022. - Price increases taken to offset rising raw material and freight costs. - Phase one capacity expansion (5,500 MT) commissioned in Dec 2021, with total insoluble sulphur capacity at ~40,000 MT per annum. - Ramp-up of new capacity expected to take a few quarters, with utilization projected to start gradually by Q4 FY2023. - Overall growth expected from increased capacity, new orders, and improved wallet share. - Management confident that current external challenges and input cost pressures are short-term and will taper down soon.

- The company expects demand for commercial vehicles to remain favorable, supporting growth in the insoluble sulphur business. - Capacity expansions have been completed, which will aid in gaining new orders and increasing wallet share. - Price increases have been implemented to offset rising raw material and freight costs; further price hikes are planned in upcoming quarters. - Despite recent inflationary pressures, management believes current challenges are short-term and will taper down. - The ramp-up of the newly commissioned 5,500 MT insoluble sulphur plant (part of total 40,000 MT capacity) will take a few quarters, indicating volume growth ahead. - Dividend payout policy targets 50% of PAT as dividends, signaling strong free cash flow generation. - Outlook includes focus on chemical business growth while investment business operates separately post-demerger. - Overall confidence expressed in expanding capacity and improving financials as external challenges ease.

- The transcript does not provide specific figures or detailed information on the current or expected order book/pending orders for Oriental Carbon and Chemicals Limited. - However, the company expressed confidence in gaining new orders and increasing wallet share following the completion of capacity expansions. - The company mentioned a positive outlook supported by phased capacity ramp-ups, including the commissioning of a new insoluble sulphur plant and an additional sulphuric acid plant. - Demand was impacted initially due to external factors like COVID waves and geopolitical issues, but recent indications are positive for growth. - No explicit quantitative data on order book size or pending orders was disclosed in the provided pages of the transcript.

- There is no explicit mention of any current or future fundraising plans through debt or equity in the provided transcript. - The company is undergoing a demerger creating two entities: one focusing on the chemical business (insoluble sulphur) and another as an investment company. - The investment company will focus on private equity and venture capital investments rather than listed equity. - The chemical business will focus on operations and pay out dividends, targeting 50% of PAT as dividend payout. - The Board will decide asset allocation and cash movements between the two companies before the demerger. - No specific plan for raising new debt or equity has been disclosed during this call.