Indag Rubber Ltd. — Interim / Quarterly Report 2023

May 8, 2023

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lndag Rubber Limited

Regd.Office :Khemka House, 11, Community Centre, Saket, New Delhi ꞏ110017, India Phone :26963172-73, 26961211, 26663310, 41664618, 41664043, Fax : 011- 26856350 E-mail :info@indagrubber.com, Website: www.indagrubber. com, CIN-L74899DL1978PLC009038 Works :Village Jhiriwala,Tehsil, Nalagarh,Distt. Solan, Himachal Pardesh - 174101,India Phone :09736000123

ISO900 1: 2015 ISO14001 : 2015

May 8, 2023

BSE Limited (Company code‐1321) Phiroze Jeejeebhoy Towers, (Scrip code‐509162) Dalal Street, Mumbai-400001.

Subject: Newspaper clipping regarding Financial Results for the quarter and year ended March 31, 2023

Dear Sir,

Please find enclosed newspaper clipping of the financial results for the quarter and year ended March 31, 2023 published in the Mint (English) on May 08, 2023.

This may be treated compliance under applicable provisions of SEBI(LODR) Regulation 2015.

This is for your information and records please.

Thanking you, Yours faithfully

For Indag Rubber Limited

MANALI D BIJLANI Digitally signed by MANALI D BIJLANI DN: c=IN, st=Delhi, 2.5.4.20=f661c7d662f28e9ab4037a5f1132d9a5b8e0cdf860d7f985500e4cf0a6712964, postalCode=110092, street=C-37 ANAND VIHAR, SHAKARPUR BARAMAD, EAST DELHI,DELHI,Delhi-110092, pseudonym=7b12574e467e2891faaca0c6230ac196, serialNumber=647cf315c520526a2b1842dc05e973f9fa96588b318254766e4c8cfecd83ee1c, o=Personal, cn=MANALI D BIJLANI Date: 2023.05.08 11:22:53 +05'30'

Manali D. Bijlani Company Secretary

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DEALS, TECH & STARTUPS

Monday, 8 May 2023 New Delhi 03

LIVEMINT.COM

‘Market downturns are the best time to invest’

Companies raised $425 million last week

m THE MONDAY QUIZ 1) what was 2) which US firm was Apple’s revenue in granted unified license the January to March last week to offer VoIP quarter? calling across India?

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Deal value ($ mn) Investors
BluSmart
Mobility
 BP
Ventures, 42
Survam Partners 250
Ace Turtle  Fund, SBI Vertex Growth 34 Renewables Serentica  KKR Hypd  Venture Orios
Investment Co Partners
4
Pando 6 Kiwi
 Iron Pillar 30  Nexus
6.5
Venture
20 16 Partners,
THB
 Filter Capital, Edelweiss Pocket FM ZestIoT  IvyCap Stellaris Venture Venture
Discovery Fund Series I  Silicon Ventures Partners
Top deals mentioned Valley Bank
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3) WHICH top executive, also known as the father of AI, quit Google last week?

Aman Rawat & Malvika Maloo

NEW DELHI 4 4) how many 5) HOW many quarters Pando 6 Kiwi employees is Cognizant was Xiaomi in the top rowth-stage venture capital  Iron Pillar 30  Nexus 6.5 planning to lay off in its position of the Indian firm Iron Pillar recently raised Venture latest reshuffle? smartphone market? $129 million for its second THB 20 16 Partners, fund, the Global Cloud Fund  Filter Capital, Edelweiss Pocket FM* ZestIoT  IvyCap Stellaris Venture Venture G II, from limited partners (LPs) Discovery Fund Series I  Silicon Ventures Partners in the US, Europe and Singapore. Overall, Top deals mentioned Valley Bank the backer of FreshToHome and Uniphore GLOSSARY has $500 million in assets under manageIncludes debt financing Source: VCCEdge, VCCircle, Media Reports ment. This includes the corpus from its first SARVESH KUMAR SHARMA/MINT AI processors: Specialdard to curb the misuse of and second funds, as well as other special ized chips designed to persuch tracking devices, purpose vehicles (SPVs). PE/VC deals rise 4X form specific calculations, including Apple’s AirTags In an interview, Anand Prasanna, manAI processors cater to and Samsung’s SmartTag. aging partner and co-founder at Iron Pillar, machine learning (ML) spoke about the fund’s investment thesis, on KKR investment applications more effec- Perpetual futures: A performance of the first fund and on investtively than regular proform of investment ing in the current macroeconomic envicessors. They offer the core medium akin to futures in ronment. Edited excerpts: Priyal Mahtta & announced. In the week’s largprocessing power behind the equity market, perpet- Is there any difference in the invest- K Amoghavarsha est deal, KKR made an addilarge language models, ual futures in the crypto ment strategy of the Global Cloud tional $250 million investment and any other AI dataset. market refer to contracts in Fund II and the maiden fund? Bengaluru in Serentica Renewables, a While the likes of Nvidia, which investors can specuIn Fund 1, most of our capital went into decarbonization platform. This Google and Qualcomm latively project the potencompanies building in he total value of private comes less than six months lead this segment, Microtial price of a crypto comIndia for the world. It is equity and venture capiafter the US firm committed soft was last week reported modity such as Bitcoin and something which we our stake and then go public. From our perdownturns. It’s probably the best time to T tal deals in India grew $400 million to Serentica. to be partnering with AMD Ether tokens. Unlike tradihave been historically spective, we are on track to reward our earn the most money. So, it’s a similar thesis nearly fourfold last week from The week also saw some to make AI processors. tional futures, perpetual doing, and doing well. Even our consumer investors with returns (from Fund I) in the that we are preaching, which is to invest the previous five-day period, notable mid-size deals with futures don’t have a specompanies have grown beyond India. Our next 12 months, if not faster. After that, we’ll and be more aggressive in a downturn than dominated by a follow-on electric vehicle (EV) ride-hailcific timeline for the conthesis has always been ‘building from India take another two-three years to harvest the when everybody is investing. investment by PE firm KKR. ing company BluSmart Mobiltract to be executed, or for the world’. rest of the portfolio. We are already in the How has been the LP sentiment? Startups cumulatively raised ity raising $42 million in a completed. Coinbase’s new The Global Cloud Fund II is a part of the top quartile in India (as a fund), according I agree that LPs need much more con$425 million from VC and PE bridge funding round from international exchange has Fund II series which will have other SPVs to standard benchmarking. vincing now than before. There are two firms last week, up from $123 existing investors BP Ventures enabled perpetual futures for India-centric investments as well. To an What has been the ‘ categories of worried LPs million in the preceding week, and Survam Partners, along trading in multiple global extent, we will have separate vehicles, impact of the slow- – one is the traditional according to data collated by with participation from BluSgeographies. which are more focused and concentrated down on late-stage In our seven-year type, who are over-alloVCCircle. However, deal volmart’s leadership team. on India, for India and India for the world. funding? history, we deployed cated, or they have a ume fell to 19 transactions from The software-as-a-service Bluetooth stalking: Malvertising: Malicious Could you give some details on the In our seven-year histhe maximum capital denominator effect, 21 during the period. (SaaS) space saw two Since Apple announced advertising or malvertis- $500 million AUM? tory, we deployed the where the public markets The uptick in the key mid-sized deals we ever have, in 2020. its AirTags, hackers have ing is a practice that The Fund I series had a corpus of around maximum capital we ever have crashed, and private past week marks a last week. SaaS startup used flaws in such devices involves the use of online $300 million while we raised $129 million have, in the year 2020. We like times when the markets have not prostrong rebound after Pando raised $30 milto track users’ locations ads for distributing malfor the Global Cloud Fund II. The rest We like times when the market is barren duced that many valuaa torrid last month for the lion in a Series B funding round using such Bluetoothware. Last week, security belongs to SPVs. market is barren and you tions. This is a space startup ecosystem in terms of led by Iron Pillar, followed by Anand Prasanna based devices. Last week, researchers flagged sev- What are the returns Iron Pillar’s can find good value. where a lot of institutions investments. A VCCircle analyhealthcare-focused SaaS startup managing partner & Google and Apple eral verified Facebook funds are sitting on? 2021 was difficult as an co-founder, Iron Pillar are stuck. There’s also a sis found that angel investTHB (Technology l Healthcare l announced plans to pages which were hacked All the vehicles that are at least three to investor. Valuations were bunch of them who are ments and VC funding in Big Data Analytics), which jointly develop a new antiand likely used to spread four years old sit on returns of at least 3-4x, high, there was too much not typically investors in Indian startups nosedived in secured $20 million in a funding Bluetooth stalking stanmalware through ads. which is good. There are vehicles which are capital in the market. The way we see it now this asset class, plus those who came into April. Although startup fundround led by Filter Capital and in the 30% internal rate of return (IRR) is that the market is going back to what it is this in 2021 and are already out. ing activity held steady in Edelweiss Discovery Fund range and at least one vehicle which is in supposed to be; it is a good time to invest The other category of long-term invesMarch compared to February, Series – I. The week saw startups the 80% IRR area. today rather than a time like in 2021. tors is endowments, family offices which deal volumes dropped to 58 in across multiple sectors such as What does the exit strategy from Fund Considering that these are also challengare institutionally run - public and soverApril, with total funding of $381 financial services, consumer, 1 look like?* ing times, we’ve got to be more careful eign growth funds - who want to continue million, which was the lowest EV, SaaS, healthcare raising raise There are multiple ways to do it. Either about when we invest in this kind of a marto be invested in this asset class. since April 2014 when 50 deals fresh capital. the companies go public, or they could buy ket. Overall, historically we’ve invested in aman.rawat@livemint.com worth $108 million were priyal.mahtta@livemint.com

PE/VC deals rise 4X on KKR investment

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Extract of statement of audited financial results for the quarter and year ended 31st March, 2023 CIN : L74899DL1978PLC009038 Regd. Office: 11, Community Centre, Saket, New Delhi-110017 E-mail: - info@indagrubber.com; Website: www.indagrubber.com; Phone: 011-26963172-73 (Rs in lakh)
S. No.	Particulars		for the quarter ended (31/03/2023)	for the year ended (31/03/2023)		for the quarter ended (31/03/2022)	for the year ended (31/03/2022)
			(Audited)	(Audited)		(Audited)	(Audited)
1	Total income from operations		6,658.40	25,224.32		4,596.43	17,333.50
2	Net Profit/(loss) before tax and exceptional item		810.30	1,724.05		82.26	286.45
3	Net Profit/(loss) after exceptional item and before tax		810.30	1,724.05		82.26	286.45
4	Net Profit/(loss) after tax		663.09	1,323.66		62.33	259.18
5	Total Comprehensive Income [Comprising Profit/(loss) (after tax) and other Comrehensive Income (after tax)]		58881	115675		40172	156563
6	p Paid up Equity Share Capital (Face value of Rs 2/- each)		. 525.00	,. 525.00		. 525.00	,. 525.00
7	Other Equity			20,656.27			20,129.52
8	Earnings Per Share (of Rs. 2/- each) (not annualised) - Basic (in Rupees)		3.18	5.04		0.24	0.99
	- Diluted (in Rupees)		3.18 5.04 0.24 0.99
Notes :- 1. The above audited Financial Results were reviewed by the Audit Committee on 04th May, 2023 and approved by the Board of Directors in the meeting held on 05th May, 2023.
2. The above is an extract of the detailed format of the Financial Results for the quarter and year ended 31st March, 2023 , filed with the Stock Exchange(s) under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Financial Results for the quarter and year ended 31st March, 2023 is available on the Stock Exchange website www.bseindia.com and Company's website www.indagrubber.com. For Indag Rubber Limited Place : New Delhi Sd/- Dated : 05th May, 2023 (CEO & Whole-Time Director)

1. The above is an extract of the detailed format of the Financial Results for the quarter and year ended 31st March, 2023 , filed with the Stock Exchange(s) under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the Financial Results for the quarter and year ended 31st March, 2023 is available on the Stock Exchange website www.bseindia.com and Company's website www.indagrubber.com.

For Indag Rubber Limited Place : New Delhi Sd/Dated : 05th May, 2023 (CEO & Whole-Time Director)