Uddhav Poddar aged 41 years, is a Promoter and Managing Director of the Company. He has completed his Bachelor of Commerce from Delhi University. He oversees managerial and operational functions of entire group since last 15 years. He is also the supreme authority in all operational, financial and marketing proposals by the teams. His major roles include administering business strategies to streamline company growth and ensure smooth running of existing operations. FORBES India in one the recent edition featured him as a rising star in the Real Estate Industry building his own legacy. He also chairs the committee for North India of SCAI. Dainik Bhasker featured him as “100 Change Makers in Udaipur”, while Reality Plus chose him as “Real Estate top 100 influencers and top COX’s”. He is esteemed member of the managing committee in PHDCCI (PHD Chamber of Commerce & Industry). The youngest speaker and the only one from the real estate industry to be invited to speak at the 5th edition of UAE – India Economic Forum in Dubai. Ram Gopal Choudhary aged 71 years, is a director of the Company. He has completed his Bachelor of Science and Mechanical Engineering from Birla Institute of Technology, Mesra, Ranchi, in the year 1972. He possesses more than 4 decades of experience in Plant Operations and other allied activities. He oversees the Company Logistics operations. His responsibilities include acting as a mediator between other Directors and Company team heads. He supervises all client interactions and manages the client relations Sunira Chamaria has vast experience as an entrepreneur and director of many companies. She has been involved in various startups and social organisations. She was also Chairperson of FICCI FLO (Women Wing of FICCI) Kolkata Chapter for the period 2020-21. Currently she is a director in five private limited companies involved in various sectors, other than the Company. She is also a designated Partner in Abundant Properties LLP.

Review and Recommendation of Kaushalya Logistics Limited IPO by IZ team is 5/10 1. Kaushalya Logistics Limited, originally established as Kaushalya BuildconPrivate Limited in 2007, has evolved from a construction-focused company into a diversified conglomerate with significant interests in logistics, e-commerce, and real estate. The company initially concentrated on building commercial and residential structures before strategically pivoting to logistic support in the cement industry. Today, it manages 70 warehouses across India, primarily for Dalmia Cement Bharat Limited, and has expanded its business to include e-commerce sales of electronics and white goods, and investment in commercial real estate. 2. The main source of income is coming from e-commerce business where they do the trade of Television, Washing Machine, Refrigerator. In the year Fy23, they sold these items worth INR 630 Cr. However, as this is the trading business the margins are low. And, this is highly competitive market. 3. Second main source of income is the "Carry and forwarding Agent" for Dalmia Bharat cement wherein they manage their warehouses and take of all the logistics work. Please note they are also dependent on third party for logistics. This business is entirely dependent on growth of Dalmia Bharat Cement unless they venture to provide services to other cement players. In FY23, they earned a revenue of INR 51 Cr from this business. 4. Third source of income is the rental income from shops they purchased in Udaipur. This income is INR 3.47 Cr in Fy23. 5. They are raising funds for working capital requirement for e-commerce business and to pay unsecured loan. 6. In a nut shell nothing looks great in the business model of this company.

Kaushalya Logistics Limited 19, Community Centre First and Second Floor, East of Kailash, New Delhi-110065 Phone: +91-011-4132-6013 Email: info@kaushalya.co.in Website: https://www.kaushalya.co.in/