Z-Tech (India) Ltd

- Z-Tech India Limited does not plan to increase debt in the near future; current debt primarily funds equipment for the Geotech business and working capital. - The company expects the working capital cycle to improve, leading to better receivables recovery. - There is no intention to raise additional debt as the current borrowing level of approximately INR75 crores is sufficient. - Internal accruals and falling security deposit retentions will help fund future growth. - The company plans to prioritize projects aligned with government synchronization to manage cash flow and funding efficiently. - No mention of any immediate or planned equity fundraising or dilution was made in the discussion. - Overall, future funding is expected to be managed primarily through internal accruals, improved receivables, and existing debt, avoiding fresh borrowings or equity issuance.

- The company has capitalized INR32 crores related to PPP projects due to commissioning of various parks (Page 16). - Capital expenditure mainly related to equipment machinery purchase for the Geotech business, supporting faster growth (Pages 14-15). - No additional debt planned for capex; current debt is primarily to fund equipment for Geotech and working capital (Pages 14-15). - No plans to increase debt; focus is on improving working capital cycle and recovering stuck debtors (Page 15). - Plans to operationalize 15 new parks in FY27, with average run time considered for revenue projections (Pages 7-8). - Strategy to selectively prioritize parks with government alignment for future projects (Page 14). - Future capex primarily focused on sustaining and expanding Geotech vertical with existing machinery (Page 7). Overall, investments focus on park commissioning, geotech equipment, and operational expansion, with no major new borrowings planned.

- Recurring revenue expected to grow significantly from INR 8 crores in FY26 to around INR 40-42 crores in FY27. - Creative parks revenue projected at INR 135-140 crores in FY27. - Overall company revenue guidance for FY27 is INR 250-260 crores. - Expansion plan includes increasing operational parks from around 15 to approximately 30 by March 2027. - Footfall expected to rise from 12 lakh visitors in FY26 to around 50 lakh visitors in FY27. - Average Revenue Per User (ARPU) target of INR 100, contributing to recurring revenue growth. - Engineered vertical (Geotech) revenues expected to increase from INR 43 crores in FY26 to INR 75 crores in FY27. - Company aims for long-term growth by building a platform for recurring revenue and expanding its park network.

- Revenue expected to grow from INR43 crores this year to INR75 crores in FY27. - Minimum 2 percentage point enhancement in margins anticipated in the coming financial year. - Recurring revenue from park business projected to increase significantly from INR8 crores to around INR42 crores in FY27. - EPC business revenue expected to be around INR135 crores plus in FY27. - EBITDA margins for recurring (O&M) business around 50%, parks EBITDA margin approximately 38%, and engineered infra (EPC) margins around 11%-12%. - PAT in Q4 FY26 was INR19.19 crores; previous guidance was INR20 crores, with deviation mainly due to depreciation and tax impacts. - Order pipeline remains robust with significant growth anticipated from operational parks and annuity revenue streams. - Focus on strong revenue growth, improved cash generation, and better balance sheet efficiencies for FY27 and beyond.

- The company has a strong and healthy order book, prioritizing parks where government alignment is strong (Page 14). - After opening 7 parks in Uttar Pradesh, there are active leads converting into tender stages for about 20 more parks across 18-19 cities in Uttar Pradesh (Page 10). - Additionally, there are projects progressing in Gujarat (Gandhinagar, Ahmedabad, Jamnagar, Vadodara, Rajkot) and Maharashtra (Sambhajinagar, Ahilyabai Nagar, Panvel, Kalyan-Dombivli, Thane, Navi Mumbai, Palghar) (Page 10). - Plans to add 15 more parks in FY27, reaching around 30 parks executed by the end of FY27 (Page 7). - The company aims to operate around 100 experiential parks in the next three years, potentially one park in every district of India (Page 9).