MALLCOM (INDIA) LTD. — Investor Presentation 2023

Mar 2, 2023

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Ref: MIL/BSE/NSE/23

Date: March 02, 2023

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The Manager The Manager
Corporate Relationship Department Listing Department
BSE Limited National Stock Exchange of India Limited
1 [st] Floor, New Trading Wing, Rotunda Exchange Plaza, 5 [th] Floor,
Building, Plot No. C-1, Block G,
P J Towers, Dalal Street, Fort, Mumbai - Bandra Kurla Complex, Bandra (E),
400001 Mumbai - 400051
BSE Security Code: 539400 NSE Symbol: MALLCOM
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Dear Sir/Madam,

Sub: Investor Presentation

We are forwarding herewith Investors Presentation of Mallcom (India) Limited taking into account Relevant information up to March 2023.

This is for your kind information and record.

Thanking you

Yours faithfully For Mallcom (India) Ltd.

ANUSHRE Digitally signed by ANUSHREE BISWAS E BISWAS Date: 2023.03.02 16:52:26 +05'30'

ANUSHREE BISWAS

Company Secretary & Compliance Officer

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Mallcom (India) Limited I n v e s t o r P r e s e n t a t i o n - M a r c h 2 0 2 3

SNAP SHOT Experienced Largest integrated Management with over Indian Personal 40 years of Industry Protective Equipment experience (PPE) manufacturer

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One of the widest

protective gear product range catering to diversified industries

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Employing 2,800+ skilled and semi-skilled workers of which 36%

are women

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13 manufacturing units across India, equipped with best in-class machinery

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Manufacturing Plants (DTA, EOU & SEZ units) located in West Bengal, Uttarakhand & Gujarat with easy access to local markets, sea & airports

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Dedicated R&D centers and teams for product innovation and improvements

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New range of product launches every season

Mallcom (India) Ltd

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COMPANY OVERVIEW

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COMPANY OVERVIEW

Mallcom India Ltd was founded in 1983 by Mr. Ajay Mall as a small leather gloves manufacturer headquartered out of Kolkata, India.

Today it has grown to become one of the largest manufacturers and distributors of Personal Protective Equipment (PPE) products in India, with over 90% of orders coming from repeat customers.

An ISO certified and government-registered trading house, Mallcom provides a onestop solution for manufacturing one of the widest range of head-to-toe PPE products from helmets, eyewear, ear protection, face masks, safety garments, gloves, to shoes, and many more.

The company is also one of the largest exporters of PPE products from India exporting to 55+ countries across 6 continents.

It has an expansive manufacturing footprint with 13 production facilities spread across India and captive test labs that ensure quality standards.

Over the year the company has focused on backward integration wherever possible resulting into significant cost savings and gradual margin expansions.

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Operational Revenue (INR Mn) and EBITDA Margins (%)

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3,572
3,169 2,978
2,877
13.91% 14.04%
13.13%
10.95%
FY20 FY21 FY22 9M-FY23
Operational Revenue (INR Mn)
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9M-FY23 Geographical Revenue Mix (%)

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Africa
1%
Australia
1%
North
South
America
America
4%
10%
Europe
42%
Asia
42%
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Mallcom (India) Ltd

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BOARD OF DIRECTORS

Mr. Ajay Mall- Managing Director

The founder of the Mallcom, Mr Ajay Mall, has close to four decades of rich experience in the PPE industry. Being a fellow member of the Institute of the Chartered Accountants of India (ICAI), an associate member of the Institute of Cost and Works Accountants of India (ICWAI), and a member of the British Institute of Management, UK (BIM), he has been awarded multiple times for his entrepreneurship prowess and is a member of leading trade bodies for leather, textile, and exports.

Mr. Ravindra Pratap Singh- Director

Mr. Singh is one of the independent Board Members of Mallcom since 2011. He has completed his post graduation from the University of Calcutta and has been associated with the ICAI as a fellow member for over three decades. With more than 24 years of experience, he provides his expertise relating to assurance services, handling financial planning assignments, and providing income tax advice.

Dr. Barsha Khattry- Director

Dr. Khattry has been a member of the Board of Mallcom as an Independent Director since January 2014. She has obtained her PhD in Economics from the University of Massachusetts at Amherst and has served the United Nations Development Programme as an Economic Advisor. With more than 15 years of experience as a Macro and Development economist, Dr. Khattry has been associated with a number of diversified professional entities.

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Mr. Giriraj Mall- Executive Director

Mr Giriraj Mall is one of the key members in the Board of Directors of the company. He has taken the responsibilities of the development, designing, manufacturing and marketing of products. His active presence in the Executive Committee of CII (ER)- Safety Task Force, Safety Appliance Manufacturers' Association (SAMA) and American Society for Quality Control (ASQC) has reaped great benefits to the company by making it a respected trade player and socially active.

Mr. Arindam Bose- Director

Mr Arindam Bose has over twenty years of experience in Investment Banking, Private Equity, Wealth Management and Client Relationship Management. He has successfully raised more than a Billion US Dollars in Private Equity & direct placement transactions and has concluded over another Billion Dollars in Equity Finance transactions over his career. He brings a wealth of knowledge with his vast experience in the GCC region.

Dr. Himanshu Rai- Director

Dr. Himanshu Rai is the Director of IIM Indore. Prior to this he was a Professor at IIM Lucknow where he taught from 2006 to 2014 and then again joined back on 1 September 2016. Before this he was the Dean of MISB Bocconi and Professor at SDA Bocconi, Milan, Italy from 2014 to 2016. Earlier, he had a stint of a little over a year at XLRI Jamshedpur. Dr Himanshu has held the positions of Chairman HRM Group, Admissions, Corporate Communications & Media Relations, and Executive Programs at IIM Lucknow.

Mallcom (India) Ltd

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KEY MANAGEMENT PERSONNEL

Jyoti Prakash Lakhotia- Vice President – Operations

J P Lakhotia is working as the VP- Operations for the leather business. He has completed his Chartered Accountant and B.Com. from Calcutta University. He steers the organisation’s entire operation of the leather business. He’s heading manufacturing facilities of safety shoes, hand gloves, face masks & helmets. He leads a team of 1200+ employees.

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Shyam Sundar Agarwal - Chief Financial Officer

Shyam Sundar Agrawal has been associated with the company for the last 26 years. He has been instrumental in managing the Company's Finance, taxation, Statutory & Legal Compliance, Listing, Treasury Operations, Business Planning, System Development & Related Financial Activities. He is a Fellow Member of ICAI and B.Com (Hons) from Calcutta University.

Rana Das- Associate Vice President - Branded Sales

Rana Das is working as AVP of Branded Sales in Mallcom from 2005. He has done his MBA from IIM Calcutta and B.Sc. from Calcutta University. He takes care of marketing and distribution of branded PPE's across APAC region. Rana Das is focused on driving revenue in business development, sales, strategic sourcing & purchase, vendor development, logistics as well as supply chain management.

Joydeep Sarkar- Senior Manager - Private Label Sales

Joydeep Sarkar is working as Senior Manager- Pvt Label Sales. His primary responsibilities include taking care of sales & marketing of OEM products in LATAM, US & East Europe. He also looks for new business opportunities & augmented sales in his territory. His primary focus is on sales, marketing, logistics & relationship development.

Rohit Mall – General Manager

Rohit is working as the General Manager across various domains such as product development, branding, e-commerce, and business development. He has 4+ years of experience as the Founder & CEO of Nasscom backed education technology start-up called Pedagoge. He has had 2+ years of experience in Mallcom earlier in marketing, branding and as a trainee post which he ventured his own start-up. He has a Bachelors in Commerce Degree from St. Xavier’s College, Kolkata and is Chartered Accountant from ICAI. Further he completed his MBA from IESE, Barcelona, Spain in 2021.

Rimi Ghosh- Senior Manager-HR & Admin

Jayanth Narayan - General Manager - Operation/Production

Mr. Narayan has completed his Diploma in applied arts from Karnataka Chitrakala Parishath, Bangalore University. Having an experience of almost 26 years in Apparel Manufacturing, he was previously associated with ANHUCO Pvt. Ltd- Vietnam, LP Tex Pvt Ltd - Vietnam, Aditya Birla Fashion Retail Limited, Sritex-Indonesia, Gokaldas Pvt Ltd, and United Apparel - Fiji. He has extensive knowledge of apparel manufacturing and overall operations & management.

Ms. Ghosh has completed her MBA from the National Institute of Personnel Management in HR, and Graduation from Calcutta University. She was also a medal winner. Having an experience of almost 18 years across the industry, she was previously associated with Shrachi, FOGLA Corp, and SREI (Quippo Construction Equipment Ltd). Her key focus is on developing and implementing HR strategies and initiatives aligned with the overall business strategy.

Mallcom (India) Ltd

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KEY MILESTONES

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Incorporated in Kolkata, India, as a private limited legal entity Set up Greenfield Project for manufacturing & export of workwear, recognized as Came out with “Offer for Sale” for 25% equity of the company and listed at Calcutta & Delhi Stock Exchange Set up 100% EPZ unit at FSEZ for manufacturing and export of Nitrile Dipped Gloves and Industrial workwear Shifted HQ to a 30,000 sq. ft. eco-friendly premises in the IT hub of Kolkata	Incorporated in Kolkata, India, as a private limited legal entity Set up Greenfield Project for manufacturing & export of workwear, recognized as Came out with “Offer for Sale” for 25% equity of the company and listed at Calcutta & Delhi Stock Exchange Set up 100% EPZ unit at FSEZ for manufacturing and export of Nitrile Dipped Gloves and Industrial workwear Shifted HQ to a 30,000 sq. ft. eco-friendly premises in the IT hub of Kolkata	Incorporated in Kolkata, India, as a private limited legal entity Set up Greenfield Project for manufacturing & export of workwear, recognized as Came out with “Offer for Sale” for 25% equity of the company and listed at Calcutta & Delhi Stock Exchange Set up 100% EPZ unit at FSEZ for manufacturing and export of Nitrile Dipped Gloves and Industrial workwear Shifted HQ to a 30,000 sq. ft. eco-friendly premises in the IT hub of Kolkata	Incorporated in Kolkata, India, as a private limited legal entity Set up Greenfield Project for manufacturing & export of workwear, recognized as Came out with “Offer for Sale” for 25% equity of the company and listed at Calcutta & Delhi Stock Exchange Set up 100% EPZ unit at FSEZ for manufacturing and export of Nitrile Dipped Gloves and Industrial workwear Shifted HQ to a 30,000 sq. ft. eco-friendly premises in the IT hub of Kolkata	Incorporated in Kolkata, India, as a private limited legal entity Set up Greenfield Project for manufacturing & export of workwear, recognized as Came out with “Offer for Sale” for 25% equity of the company and listed at Calcutta & Delhi Stock Exchange Set up 100% EPZ unit at FSEZ for manufacturing and export of Nitrile Dipped Gloves and Industrial workwear Shifted HQ to a 30,000 sq. ft. eco-friendly premises in the IT hub of Kolkata		Got listed on the BSE Exchange Takes energy conservation as CSR objective through solar energy & biomass Production expansion to Gujarat & West Bengal	Got listed on the BSE Exchange Takes energy conservation as CSR objective through solar energy & biomass Production expansion to Gujarat & West Bengal		Allocation of a land parcel of 50,000 Sq. mt. from GIDC at Sanand II	Allocation of a land parcel of 50,000 Sq. mt. from GIDC at Sanand II
		export house
1983		1990 1997 2001 2009				2015 2018 2021			2023
		1986 1996 1998 2005		2014 2017 2020			2022
		Entered the Set up 100% Set up 100% Commenced		First Indian Sponsored Shiva Launched			Got listed on
		global PPE Export EPZ unit at FSEZ Domestic		company with Keshavan [luge], helmets, Rain-			the	NSE
		market with oriented unit for Marketing of		complete PPE Mehuli Ghosh wear, and Face-			exchange
		first export of for manufacturing entire range of		range	after [10M Rifle mask among
		leather gloves manufacturing & Export of PPE including		launch	of fall Shooting] & other value
		to Europe & export of Industrial Safety industrial Safety		protection Manishi Joshi added range of
		Seamless Shoes under JV Shoes under own				[Para-Badminton] products under
		Knitted Gloves with DPG, brand				as a part of its the broader PPE
		France				CSR initiative range offered
						towards Olympic
						and Paralympic
Mallcom (In	di	a) Ltd				sport

Mallcom (India) Ltd

7

GEOGRAPHICAL PRESENCE

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Finland
Czech
Russia
Republic
Canada
UK Germany Poland
Ireland Slovakia
SwitzerlandBelgium SerbiaUkraine Kazakhstan Haridwar
Bulgaria Safety Shoes
United States Spain Italy Hungary Turkey Uzbekistan
Syria Iran Japan
Pakistan NepalBhutan
Mexico Dominican Republic Algeria Egypt Saudi UAE India Myanmar Ahmedabad
Jamaica Barbados Burkina Faso Arabia Oman ThailandVietnam Garments
Guatemala Nicaragua Trinidad & Tobago Senegal Bangladesh
El Salvador Venezuela Cambodia Philippines
Costa Rica Sierra Leone Ethiopia Sri Lanka
ColombiaPanama Guyana Uganda Kenya Malaysia Papua
Indonesia New
Brazil Tanzania Guinea
Peru Malawi
Bolivia Mozambique Fiji
Zimbabwe
Mauritius
Reunion Island Australia
Swaziland
Argentina South Africa
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80+ Dealers in South Asia, South-East Asia, MENA & SADC

Presence in 55+ Countries Across 6 Continents

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Kasba: 3 Plants Garments

Falta SEZ: 4 Plants Nitrile Gloves Safety Shoes Garments Knitted Gloves

Bantala: 4 Plants Leather Gloves Knitted Gloves Safety Shoes Leather Tannery

Mallcom (India) Ltd

• Please note that maps are not to scale

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ESTEEMED CLIENTELE

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Mallcom (India) Ltd

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RAW MATERIALS

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Polymers
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PU Polyurethane

Most polyurethanes do not melt upon heating, specific types of polyurethanes exhibit thermoplastic properties & can be melted & remoulded via the application of heat.

High Density Polyethylene (HDPE)

As one of the most versatile plastic materials around, it is known for its outstanding tensile strength and large strength-to-density ratio, it also has a highimpact resistance and melting point.

Established Vendor Partners

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Nitrile Rubber
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Nitrile rubber is a synthetic rubber material, they do not contain any latex or latex proteins that cause allergic reactions to people.

Nitrile gloves are stronger and more puncture-resistant and rip-resistant, making them the more popular choice in hazardous workplaces

Established Vendor Partners

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Leather
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Leather is a natural material and adapts to the surrounding temperature and environment. There are different kinds of leather and these leathers have different benefits, depending on the animal and its origin and conditions.

In-House Tannery

The in-house leather tannery has 10 leather tanning drums with automatic leather splitting machine along with 3 heat processes

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Textile
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Textile materials are of two types, the natural fiber or man made. The natural fiber are from cotton fabric.

There are different types of synthetic fibers, all synthetic textiles are used primarily in the production of clothing

Established Vendor Partners

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Mallcom (India) Ltd

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AWARDS & CERTIFICATIONS

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awarded in 2018
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Rating: [ICRA] A (stable)

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6 Exports Excellence by Council of Leather Exports

3 Energy Conservation Award by CII

3 National Productivity Award

Recognition by Apparel Export Promotion Council

CSR Award by Economic Times

Export Performance Award by FIEO

3 Star Export House Status by DGFT, Ministry of Commerce

Mallcom (India) Ltd

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BUSINESS OVERVIEW

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PRODUCT RANGE

• Mallcom is a one-stop solution for all types of personal protective equipment providing the entire gamut of protection from Head to Toe.

• Mallcom is one of the few companies to have indigenous expertise with various raw materials such as textiles, leather, rubber, and plastic.

• Over four decades, the company has gained immense knowledge and skillset to deal in an array of products such as safety helmets, face masks, leather gloves, textile gloves, nitrile gloves, safety apparel, rainwear, and safety shoes.

• The company also offers eyewear, ear protection equipment, neoprene gloves, and harnesses in its brand.

9M-FY23 Product Revenue Matrix

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Others
Nitrile 2%
Gloves
12%
Safety Shoes
Leather
33%
Gloves
21%
Garments
32%
Production 1.2M 3.6M 150M 14M
& Servicing Helmets Apparel Masks NBR Gloves
Annual
12M 2.8M 3M
Capacity
Leather Gloves Knitted Gloves Shoes
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FOOT BODY HAND HEAD PROTECTION PROTECTION PROTECTION PROTECTION Mallcom produces Mallcom’s exclusive Mallcom has Mallcom works sturdy shoes that workwear ranges gained expertise in in close can tackle from light-weight to production of hand coordination challenges in heavy-duty industrial gear suiting the with the construction, work wear. It also application designers and mining, makes winter requirement. the users to metallurgical and protection, provide dynamic From driving to other manufacturing uniforms, and head protection welding to cut industries. corporate casual gear. resistant, it is able wear. With an annual to meet crucial The company production capacity These provide high industrial manufactures of more than three protection and are applications. helmets, face million pairs, utilized in several masks, eyewear, A wide range of Mallcom is the sectors such as ear protection hand protection leading safety shoe hospitality, healthetc. gears lie in the manufacturer and care and for general repertoire of distributor from industrial purposes. Mallcom, including India. Special fabrics leather gloves, protects the wearer string knit gloves in environments and nitrile gloves. such as heat, fire, and extremely cold temperatures.

Mallcom (India) Ltd

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SOME OF THE INDUSTRIES SERVED

Construction & Civil

Material Manufacturing Handling Automobile & Auto Healthcare Ancillary Logistics & Engineering Transportation

Mallcom (India) Ltd

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SAFETY SHOES

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• Safety shoes are required where the potential for serious injury to the foot may result from an employee's daily job duties.

• Foot injuries may occur in areas where there are rolling or falling objects, objects piercing the sole, or where feet are exposed to electrical hazards.

Properties:

• Slip Resistant- Slip resistant sole makes our safety shoes unique in the industry. Moreover, the unique PANTM design of the sole is patented and provides the same grip on any kind of surface as it gives to the versatile feline in the jungle.

• Shock Absorbent- The shock absorbent insole makes the feet of the worker less tired and easy, comfort on harsh working condition. The ends on the feet are best massaged while walking and flexing that makes your worker less fatigue.

• Electrostatic- The ESD (Electrostatic discharge) shoes are available for application where people work with electrical sensitive equipment and parts like semiconductors and computer chips.

• Quality- 100% vegan (microfabric shoes), which are easily washable and with light weight upper fabric, that are aesthetically designed.

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Infrastructure:
25+ years of
experience in
safety shoes
3
15,000 sq.m.
interchangeable
across
moulds
manufacturing
facilities
Six 24- station 700+
double injection manpower
machine engaged
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Ankle Length: High
Ankle, Low Ankle
Brand Name On:
Insole, Laces Custom Color in
Soleing
TPR Insert: Replaceable, Mould: Olivier,
Fixed Tiglon, Darwin
Toe Protection:
Sole Protection: Steel Sole Steel Toe Cap, Composite
Insert, Para-aramid Sole Toe Cap,
Insert Overcap/
Bumpcap
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Mallcom (India) Ltd

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SAFETY SHOE PRODUCT RANGE

Basic Outdoor Lifestyle

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Cleanroom Occupational

Insulated

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Mallcom (India) Ltd

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WORKWEAR

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INFRASTRUCTURE
11 QC-controlled
subcontracting
units
1500+
150,000 sq.ft.
across 2 manpower
engaged
manufacturing
facilities
33 Years of
experience
in workwear
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9M-FY23 Workwear Range

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Hospitality &
Healthcare
FR
8%
5%
Hi-Vis & Multi
Norm 18%
Heavy Industry
69%
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15,000 m/day cutting 800,000 m storage

NEW WORKWEAR FACILITY (AHMEDABAD)

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Nearest Maritime Duty-Free
$2.8M investment
to EMEA & industrial
so far; $3M
Americas park
proposed
300+ machines so far; 66,000+ Sq.ft. 12,000 pcs/mo
400+ proposed built-up area capacity so far; 30,000
pcs/mo proposed
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Mallcom (India) Ltd

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WORKWEAR PRODUCT RANGE

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HEALTHCARE RANGE
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• Coveralls

• Dresses

• Tunics

• • Shirts & Coats

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• Trousers & Pants

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HEAVY WORKWEAR RANGE
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• Coveralls

• • Trousers • Jackets • Bibs • Vests

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HI- VIS RANGE
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• Coveralls

• • Trousers • Shorts • Shirts • Vests • Bibs • Jackets

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WINTER RANGE

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• Coveralls

• • Jackets & Parkas

• • Vests

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Mallcom (India) Ltd

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WORKWEAR PRODUCT RANGE

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FR Range- NFPA & EN-ISO
• Coveralls
• Trousers
• Shirts
• Bibs
• Jackets &
Parkas
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LIGHT WORKWEAR RANGE

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  - Coveralls

  - • Trousers • Shirts & Jackets

  - • Bibs

• HOSPITALITY RANGE

• • Aprons • Jacket & Coats

• • Pants • Tunics

• MULTI-NORM RANGE

• • Coveralls • Jackets • Trousers

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PU- COATED RAINWEAR
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Mallcom (India) Ltd

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LEATHER GLOVES

Leather Gloves:

• Leather Gloves are best for protection from rough objects, sparks and in heavy-duty work requirements.

• All kinds of leather provide comfort, durability, dexterity, mild heat resistance and abrasion protection.

• Mallcom is backward integrated with a tannery which leads to cost reduction and quality assurance.

• The company’s strength lies in its ability to manufacture very high-quality gloves using a combination of leather, Para- aramid fabrics and liners.

9M-FY23 Leather Gloves Range

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Welder
Gloves
13%
Canadian Gloves
17% Driver
Gloves
70%
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Leather Gloves Infrastructure

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35 Years of experience in leather gloves 60,000 sq.ft. dedicated space 400+ manpower engaged

In-house Tannery to produce leather

45,000 sq.ft./day cutting

• 22,000 prs/day production capacity

Leather Types- cow, buffalo, goat, ox, heat-proof, fire-resistant, water repellent, ecological

Backward Integration manufacture leather in-house

Palm Material:

Full-grain Leather, Split Leather, Paraaramid

Back Material:

Full-grain Leather, Split Leather, Synthetic Fabric, Spandex Blends, Denim & Cotton

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Lining Material:

Unlined, Cotton, Foam, Paraaramid, 3M Thinsulate

Add-ons:

Vein Protection, Elasticated Back, Hi-vis Trims, Patched Fingertips, Aluminized Preox, Kevlar Stitching, Impact Resistant TPR Patched

Mallcom (India) Ltd

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LEATHER GLOVES PRODUCT RANGE

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Driver
Heat Resistant Mechanical
Welder Impact Resistant
Canadian High Performance (Special)
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Mallcom (India) Ltd

NITRILE GLOVES

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Nitrile gloves protect against most chemicals and infectious agents.

Nitrile Gloves are best when there is need for greater in applications requiring mild chemical protection, cut resistance or a disposable glove solution.

Renewable Thermic Heater with Bag Filter

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Electronically
20,000 600k prs/mo
Controlled
prs/day Seamless NBR
Seamless Liner 2 x Seamless Line
2 x Cut-Sewn Line
48,000
70,000 sq.ft.
prs/day 600k prs/mo
400+ manpower
Cut & Sewn NBR
Cut-Sewn Liner
1M Kcal/hour 2M Kcal/hour
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Coating Coverages:

Palm or 3/4[th] dip, Full

dip, Gauntlet

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Coating Finish:
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Smooth, Rough
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Add-ons:

TPR Patches for

Impact Protection, Para-aramid Lining for Cut & Heat Resistance

Liner Types:

Laminated Cotton, Knitted Cotton, Canvas

Liner Weight:

Customizable (130-310gsm), In-house Options-Lite165gsm, Medium-240gsm, Techo/heavy-300gsm

Wrist Closures:

Knitted, Safety Cuff, Extended Gauntlet

Mallcom (India) Ltd

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NITRILE GLOVES PRODUCT RANGE

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Seamless – Smooth, Sandy, Foamy, Foamy Flex Finish

Cut & Sewn – Knitted, Cuff, Gauntlet

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High Performance Impact Resistant

High Performance Dyneema®/Kevlar® Cut Resistant

Mallcom (India) Ltd

HEAD PROTECTION- FACE MASKS

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TYPES OF MASKS

Integrated nose clip

FOLDABLE FACE MASKS

Option with ear loops and head loops

Ultrasonically sealed seams and joints

Adjusters on head loops

Unique cut

Customized face masks- fabric colors, packing (single, pack of 10, pack of 30, etc.), printing

The purpose of surgical masks is to limit the transmission of infective agents or bacteria from the wearer. They usually feature a specific microbial barrier layer to stop any transmission of bacteria from the wearer.

Light weight and comfortable fabric, 3-Layered, Soft fabric ear loops, Avoids fogging

SURGICAL MASKS

options

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L Series M Series Foldable Mask Foldable Mask FFP1, FFP2, FFP3 FFP1, FFP2, FFP3

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Surgical Mask Type I and II R

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R&D AND QUALITY

EN 149; BIS 9473:2002 certified

EN 14683:2019 Type I & II R; BIS 16289:2014

Type I, II, III R

Automated In-line Printing in multi-colour and custom design

Proprietary Face Design avoids fogging and allows for all face cuts

Ear Loop Options engineered for comfort of

long duration wearer

Mallcom (India) Ltd

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HEAD PROTECTION- HELMETS & BUMP CAPS

Safety helmets are designed to protect the head against falling objects and the side of the head, eyes, and neck from any untoward impacts, bumps, scrapes, and electrical exposure, etc.

Wearing a safety helmet is a mandatory requirement that should be followed by all employers who should provide their workers with hard hats/safety helmet and fully ensure that they wear them.

Hard hats or Safety helmet act as the first line of defense against head injury, but they only work when they are worn correctly. Thus, it’s safe to say safety Helmet save lives and reduce the risk of brain injury

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Diamond Series

Jasper Series

Bump Caps

Sapphire & Topaz Series Regular, SP, Hi-Vis

Helmets

Helmets

I, II, III, IV, X, XI, XII, XIII

I, II

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R&D and Quality

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• EN 397:2012 certified

• BIS 2925:1984 certified

• UV Resistant Shell reduces colour fading

• Proprietary Peak Design improves field of vision

• Water Drainage Channels

• engineered into the shell to prevent spills

• Two height adjustment ensures best fit for different head contours

Shell Materials UV-resistant HDPE

Colours

Print Options Single Color, Multi-color, Screen Print, Pad Print

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Ventilation

Printing Areas Front, Rear, Sides

Ventilated, Nonventilated

Harness Material LDPE, Textile

Fixing Points 8, 4

Adjustment Ratchet, Zip

Fastening Chin Strap, Chin Strap with Chin Guard

Mallcom (India) Ltd

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INDUSTRY & STRATEGIC OVERVIEW

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INDUSTRY OVERVIEW

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• The global Personal Protective Equipment market is projected to grow from USD 55 Bn in 2022 to USD 115 Bn by 2032, exhibiting a CAGR of 7.5% during the forecasted period.

• The growing need for respiratory equipment in mines, emergency response, the military and law enforcement, health care, and fire departments, associated with the increase in hand injuries in the workplace, is expected to drive market growth for PPE over the next few years.

• Increasing number of manufacturing units and construction projects in the country is also positively influencing India personal protective equipment market. Rising investments by international companies are also positively impacting the personal protective equipment market in India.

• Based on region, the market is segmented into Asia Pacific, Europe, North America, Middle East & Africa, and South America. Currently, North America is the largest market for personal protective equipment.

• Technological advances, combined with changing consumer trends, have led to a significant change in manufacturing techniques to obtain superior quality finished products. The industry has also witnessed a surge in high-tech multifunctional protective clothing.

• Major players operating in India personal protective equipment market include Mallcom India Ltd, Liberty Shoes Ltd., Euro Safety Footwear India Pvt. Ltd, and Karam Industries India Private Limited. Other prominent companies include Udyogi Plastics Private Limited, Venus Safety & Health Private Limited, 3M India Ltd, Bata India Ltd, Acknit Industries Ltd., Honeywell International India Pvt. Ltd., Magnum Health & Safety, etc.

• Protective clothing, including heat & flame protection, chemical defending, cleanroom clothing, and mechanical protective clothing, is the second-largest product segment.

• Protective footwear accounted for a significant market share and is expected to witness a CAGR of 6.8% owing to high product demand as a result of the increasing workplace fatalities.

• Growing awareness among employers to protect employees against foot injuries caused by chainsaws, electric shock, and metatarsal impact is likely to have a positive impact on the segment growth.

PERSONAL PROTECTIVE EQUIPMENT (PPE) MARKET

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2023 2024 2025 2026 2027 2028 2029 2030 2031
2022 2032
$55 BN CAGR (2022-32): 7.5% >$120 BN
Market Share (2022) Regional Insights
>$23 >$8.5 Market value
BN BN (2021): >$20 BN
Manufacturing end-uses Face protection
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Mallcom (India) Ltd Source: Global Market Insights

27

FUTURE GROWTH STRATEGIES

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Providing various product range to new clients in existing verticals

Build “Mallcom” brand in Indian sub-continent, Middle East and Africa; increase market share in North American geography

Continued focus on highgrowth industries such as healthcare, construction, engineering, automobile, and manufacturing.

Constant focus on meeting quality standards and compliance

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Increase existing client wallet share by taking on high-value contracts and identifying cross-selling and up-selling opportunities.

Focus on strengthening product mix to boost margin, and drive the next generation product pipeline in addition to the existing product portfolio for future growth

Planned CAPEX in Ahmedabad for manufacturing Garments for export markets and in West Bengal for consolidating manufacturing and increasing capacities across verticals

To capitalize on the strong R&D team and knowledge and innovating by adding new features to the existing product lines.

Mallcom (India) Ltd

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CORPORATE SOCIAL RESPONSIBILITY

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Mallcom understands the importance of maintaining a balance in the society and working towards a sustainable life. The company was committed in the upliftment and betterment of its environment long before CSR was included as an obligation for companies as per statues. It has a dedicated Corporate Social Responsibility (CSR) committee which is in constant lookout for the most impactful ventures and invest the funds judiciously every year. The core areas where Mallcom invests its funds are:

Education

Olympic Sports

Renewable Energy

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Sponsored primary education of underprivileged for over 3 years in remote districts of West Bengal, India. Sponsored education of 150+ girl child.

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Supported the only Luger from India and Asian record holder, Shiva Keshavan to participate in his record 6th Winter Olympics in Pyeongchang 2018.

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Installed Solar Panels to generate 65 kW of electricity which helps support 25% of entire leather goods production facility

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Supporting National Record holder and Assisting World Rank 2 ParaWorld Rank 6 in 10m Air Rifle, Mehuli Badminton player Manasi Joshi in her Ghosh, for her journey to Tokyo journey to Tokyo 2020 Paralympics Olympics 2020 since 2018.

Implemented Biomass Heating System to support 100% nitrile gloves production by using rice husk to generate 20 lakh Kcal/hour of heat

Mallcom (India) Ltd

29

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FINANCIAL OVERVIEW

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CONSOLIDATED HISTORICAL INCOME STATEMENT

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Income Statement (INR Mn)	FY20	FY21	FY22	9M-FY23
Operational Income	2,877	3,169	3,572	2,978
Total Expenses	2,562	2,753	3,075	2,560
EBITDA	315	416	497	418
EBITDA Margins (%)	10.95%	13.13%	13.91%	14.04%
Depreciation	56	58	83	59
Finance Cost	26	16	20	15
Other Income	5	32	31	18
Exceptional Item	15	-	-	-
PBT	253	374	425	362
Tax	64	91	109	90
Profit After Tax	189	283	316	272
PAT Margins (%)	6.57%	8.93%	8.85%	9.13%
Other Comprehensive Income	-	-	(1)	2
Total Comprehensive Income	189	283	315	274
Diluted EPS (INR)	30.26	45.30	52.28	43.89

Mallcom (India) Ltd

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CONSOLIDATED BALANCE SHEET

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PARTICULARS (INR MN)	FY21	FY22	H1-FY23		PARTICULARS (INR MN)	FY21	FY22	H1-FY23
Assets					Equity and Liabilities
1. Non-Current Assets:	695	857	948		1. Equity	1,468	1,764	1,954
(a) Property, Plant and Equipment's	474	629	845		Equity Share Capital	62	62	62
(b) Intangible Assets	45	43	82		Other Equity	1,353	1,660	1,853
(c) Capital Work In Progress	146	147	-
					Minority Interest	53	42	38
(d) Financial Assets
					2. Non-Current Liabilities	42	124	115
(i) Loans	10	10	9
					(a) Long Term Borrowings	36	60	57
(e) Non - Current Tax Assets (Net)	20	28	11
					(b) Other Financial Liabilities	-	60	56
2. Current Assets	1,830	1,934	2,167
					(c) Deferred Tax Liabilities	6	4	2
Inventories	572	715	861
					3. Current Liabilities	1,015	903	1,047
Financial Assets
					(i) Financial Liabilities
(a) Investments	188	-	236
					(a) Short-Term Borrowings	533	474	661
(b) Trade Receivable	482	694	544
					(b) Trade Payables	363	354	296
(c ) Cash and Cash Equivalents	40	39	29
(d) Other Bank Balances	267	247	162		(c) Other Financial Liabilities	37	10	10
(e) Loans	1	1	1		(ii) Other Current Liabilities	81	65	81
Other Current Assets	280	238	335		(iii) Provisions	1	-	-
Total Assets	2,525	2,791	3,116		Total Equity and Liabilities	2,525	2,791	3,116

Mallcom (India) Ltd

32

CONSOLIDATED FINANCIAL PERFORMANCE

Operational Income (INR Mn)

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EBITDA (INR Mn) and EBITDA Margins
(%)
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3,572
3,169 2,978
2,877
FY20 FY21 FY22 9M-FY23
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497
416 418
315
13.13% 14.04%
13.91%
10.95%
FY20 FY21 FY22 9M-FY23
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Net Worth (INR Mn)
2,500
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Dividend (INR/share)

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3.00 3.00
2.00
FY20 FY21 FY22
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1,955
1,764
1,468
1,102
FY20 FY21 FY22 H1-FY23
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PAT (INR Mn) and PAT Margins (%)

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316
283 272
189
8.93% 8.85% 9.13%
6.57%
FY20 FY21 FY22 9M-FY23
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Net Debt to Equity (x)

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0.28
0.27
0.18
0.14
FY20 FY21 FY22 H1-FY23
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Mallcom (India) Ltd

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CAPITAL MARKET DATA

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Share Price Data (As on 31st December, 2022)

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30%
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
-20%
-25%
Jan/2022 Feb/2022 Mar/2022 Apr/2022 May/2022 Jun/2022 Jul/2022 Aug/2022 Sep/2022 Oct/2022 Nov/2022 Dec/2022
Mallcom Sensex
Shareholding Pattern (As on 31st December, 2022)
Price Data (As on 31st December, 2022)
Face Value (INR) 10.0
Public
Market Price (INR) 688.7
25.47% FPI
52 Week H/L (INR) 985.0 / 590.0 0.75%
Market Cap (INR Mn) 4,297.2
Promoter
Equity Shares Outstanding (Mn) 6.2 73.78%
1 Year Avg. Trading Volume (‘000) 3.2
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Mallcom (India) Ltd

34

DISCLAIMER

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Mallcom India Ltd.

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Mallcom India Limited (“Company”), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. Please note logo’s of other brands used in the presentation are not Mallcom’s and should not have an IP issue

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

Valorem Advisors Disclaimer:

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.

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For further details please contact our Investor Relations Representatives: VALOREM ADVISORS Mr. Anuj Sonpal Tel: +91-22-49039500 Email: mallcom@valoremadvisors.com

Mallcom (India) Ltd

35

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THANK YOU

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