Mr. Sunny Sunil Singhi, 34, is the Promoter, Chairman, and Managing Director of the Company, serving as a director since October 9, 2021. He holds a Bachelor's degree in Commerce from Gujarat University and is an associate member of ICAI. With 8 years of experience in debt syndication and fundraising, and over 2.5 years in the steel industry, he previously worked at Nirbhay Capital Services Private Limited. He is also a Director at Premier Synthetics Limited, a designated partner in Nebula Civiltech LLP, a partner in Nischay Consultancy, and the karta of Sunny Singhi HUF. Mr. Varun Manojkumar Jain, 35, is the Promoter and Non-Executive Director of the Company, holding directorship since May 30, 2016. He holds a Bachelor's degree in Commerce from Gujarat University and has completed a Management Programme for family business from ISB, Hyderabad. He has over 8 years of experience in the steel sector. Currently, he serves as the Managing Director of VMS TMT Limited, the Group Company, and is a partner in Yohaan Enterprises. Mrs. Sapna Jain, 38, has been the Non-Executive Independent Director of the Company since December 20, 2023. She holds a Bachelor's and Master's degree in Commerce and a Post Graduate Diploma in Cost & Management Accounting from Jai Narain Vyas University, Jodhpur. A fellow member of ICSI with a certificate of practice, she has 10 years of experience in Corporate Laws. Currently, she is a practicing company secretary, the Treasurer of the Jodhpur Chapter of ICSI, and a Director at MFL India Limited.

Name of the Company	Revenue (In Crore)	PAT (In Crore)	EPS ( in Rs)	P/E	CMP	Mcap (In Crore)
Aditya Ultra Steel Limited	588	8	3.19	19.4	62	154
Rathi Bars Limited	614	4	2.19	18.9	46.6	76
Mangalam Worldwide Limited	818	20	8.20	16.0	130	320

* All the data is as per FY24.

1. Aditya Ultra Steel Limited is primarily engaged in the manufacturing of Thermo-Mechanically Treated (TMT) bars under the well-known Kamdhenu brand. These TMT bars are essential components in the construction industry, particularly for infrastructure development projects. 2. SWOT Analysis Strengths: i. Experienced Promoters                     ii. Cordial Relations with Customers iii. Established Brand                            iv. Strategic Location of Manufacturing Facility v. Quality Control                                   vi. Good Distribution and Dealer Network Weaknesses: i. Intense Competition                          ii. Dependency on Infrastructure Growth iii. High Capital Intensity                     iv. Price Fluctuations of Raw Materials v. Environmental Compliance             vi. Shortage of Skilled Labor Opportunities: i. Growing Domestic Market                ii. Infrastructure Demand iii. Technological Innovation               iv. Sustainable Practices Threats: i. No Entry Barriers                                ii. Regulatory Changes iii. Economic Uncertainty 3. Competitive Landscape Aditya Ultra Steel Limited operates in a highly competitive industry, facing challenges from both domestic and multinational companies in the Indian steel market. 4. The Revenue has Increased from Rs.515 Crores in FY22 to Rs.588 Crores in FY24. 5. The EBITDA has Increased from 11.5 Crores in FY22 to 19 Crores in FY24. 6. The PAT has Increased from 5 Crores in FY22 to 8 Crores in FY24. 7. As per FY24, CFO/EBITDA is 0.90, and EPS is 3.19, 8. Market Capitalization is 154 Crores and P/E is 19.4x based on FY24.

Aditya Ultra Steel Limited Survey No.888/807/810, FP-25,28,T 808-C, Pinnacle, Prahlad Nagar Area, Opp. Royal Arcade, AUDA Garden, Ahmedabad- 380 015 Phone: 079 - 4890 1470 Email: cs@adityaultrasteel.com Website: http://www.adityaultrasteel.com/