MALLCOM (INDIA) LTD. — Investor Presentation 2025

Mar 18, 2025

Ref: MIL/BSE/NSE/25 Date: March 18, 2025

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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, Exchange Plaza, 5 [th] Floor,
Rotunda Building, P J Towers, Plot No.C-1, Block G,
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 – March 2025

Pursuant to the provisions of Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor Presentation - March 2025.

This is for your kind information and record.

Thanking you

Yours faithfully For MALLCOM (INDIA) LTD. Digitally signed by GAURAV RAJ GAURAV RAJ Date: 2025.03.18 18:24:06 +05'30'

Gaurav Raj Company Secretary & Compliance Officer

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 5

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SNAP SHOT

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Experienced Management with over 40 years of Industry experience

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Largest integrated Indian One of the widest protective Personal Protective gear product range catering Equipment (PPE) to diversified industries manufacturer

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Employing 3,000+ skilled and semi skilled workers of which 33% are women

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13 state-of-the-art manufacturing facilities across India, equipped with best-inclass machinery and spanning over 1 million sq. ft of floor space

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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

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

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 one(stop 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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4,400 4,106 4,207
3,900 3,492
3,572
3,400 2,900 13.91% 14.27% 13.72%
2,400
1,900
13.00%
1,400
900
400
FY22 FY23 FY24 9M FY25
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9M FY25 Geographical Revenue Mix

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Australia 1%
Africa 1%
North America 4%
South America 11%
Europe
37%
Asia 46%
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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.

Mayuri Kaustubh Dhavale - Director

With over 24 years of experience driving organizational growth and brand value across diverse industries, she has spent the last 15 years specializing in the auto component sector in India. During this time, she has excelled in leading capability-building initiatives that align with company objectives. Known for developing tailored solutions, she has consistently enhanced both topline and bottom-line performance while cultivating a culture that harmonizes individual and organizational success.

Srishty Mehra - Director

She is a seasoned professional with diverse experience across multiple sectors. As a partner at Mangalkari Fund Management LLP, she helped launch Mangalkari Asset Investment AIF. At Mangalkari Manufacturing and Marketing LLP, she manages finance and client relations for government procurement. Previously, as director at Sun Kissed Merchandise Pvt. Ltd., she led a non-banking finance company. She also served as Relationship Manager for NRI Services at HDFC Bank, driving business growth and improving client satisfaction.

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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.

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.

Debraj Dutta - Sr. Manager – Human Resource

Enriched with around 14 years of experience in various verticals of HRD, entailing Talent Management & Development, Employee Engagement, Skill & Competency Mapping, Talent Acquisition and Business Partnering in manufacturing setups. Certified Learning & Development Manager with Masters’ in Personnel Management from University of Pune, well versed with various manufacturing tools and techniques and understanding of business

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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.

Rohit Mall – Associate Vice President

Rohit has worked 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.

Sulabh Jain - General Manager - Operations

A seasoned professional with over 21 years of experience most of which with Tata Steel Ltd. Sulabh has a background of Metallurgy Engineering with PGDM in Production and Material Management. He also received a diploma in Export Management. His multi-dimensional profile includes experience in Sales & Marketing, New Product Development, Commissioning & Operating production units and many more. He has exposure in handling international markets apart from managing and developing domestic markets for Tata Steel ltd. As an operational leader, he is known for his focus on process improvement, quality enhancement and standardization of systems.

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			2024
		Entered the Set up 100% Set up 100% Commenced		First Indian Sponsored Shiva Launched			Got listed on			Phase 2
		global PPE Export EPZ unit at FSEZ Domestic		company with Keshavan [luge], helmets, Rain-			the	NSE		expansion
		market with oriented unit for Marketing of		complete PPE Mehuli Ghosh wear, and Face-			exchange			begins at
		first export of for manufacturing entire range of		range	after [10M Rifle mask among					Ghatakpur,
		leather gloves manufacturing & Export of PPE including		launch	of fall Shooting] & other value					West Bengal,
		to Europe & export of Industrial Safety industrial Safety		protection Manishi Joshi added range of						for Industrial
		Seamless Shoes under JV Shoes under own				[Para-Badminton] products under				safety shoe
		Knitted Gloves with DPG, brand				as a part of its the broader PPE				manufacturing
		France				CSR initiative range offered
						towards Olympic
						and Paralympic
Mallcom (In	di	a) Ltd				sport

Mallcom (India) Ltd

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GEOGRAPHICAL PRESENCE

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Czech
Republic
Finland
Norway Sweden Russia
UK Germany Poland
Ireland Slovakia
Belgium
France Ukraine Kazakhstan Haridwar
Switzerland Serbia
Bulgaria Safety Shoes
Italy
United States Portugal Spain Hungary Turkey Uzbekistan
Syria Iran Japan
NepalBhutan
Algeria UAE
Dominican Republic Egypt Saudi India Myanmar
Jamaica Barbados Burkina Faso Arabia Oman ThailandVietnam
Guatemala Nicaragua Trinidad & Tobago Senegal Bangladesh
El Salvador Venezuela Cambodia Philippines Ahmedabad Ghatakpur
Costa Rica Sierra Leone Ethiopia Sri Lanka
ColombiaPanama Guyana Uganda Kenya Malaysia Papua Safety Garments Safety Garments
Indonesia New Sanand Falta SEZ: 4 Plants
Brazil Tanzania Guinea Synthetic Gloves Nitrile Gloves
PeruBolivia Malawi Mozambique Fiji Safety Shoes
Zimbabwe Safety Garments
Mauritius
Chile Reunion Island Australia Knitted Gloves
Swaziland
Argentina South Africa
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Presence in 55+ Countries 80+ Dealers in South Asia, Across 6 Continents South-East Asia, MENA & SADC

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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6 Exports Excellence by Council of Leather Exports

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

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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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BUSINESS OVERVIEW

• 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 an indigenous expertise with various raw materials such as textile, leather, rubber, and plastic.

• Over three decades, the firm 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 apparels, rainwear, and safety shoes.

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

9M-FY25 Product Revenue Matrix

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Others 4%
Nitrile Gloves 8%
Safety
Leather
Shoes
Gloves
41%
18%
Garments
29%
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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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BODY PROTECTION FOOT PROTECTION	BODY PROTECTION FOOT PROTECTION	HAND	HEAD
Mallcom produces sturdy shoes that can tackle challenges in construction, mining, metallurgical and other manufacturing industries. With an annual production capacity of more than three million pairs, Mallcom is the leading safety shoe manufacturer and distributor from India.	PROTECTION Mallcom works in close coordination with the designers and the users to provide dynamic head protection gear. The company manufactures helmets, face masks, eyewear, ear protection etc. Mallcom has gained expertise in production of hand gear suiting the application requirement. From driving to welding to cut resistant, it is able to meet crucial industrial applications. A wide range of hand protection gears lie in the repertoire of Mallcom, including leather gloves, string knit gloves and nitrile gloves. PROTECTION Mallcom’s exclusive workwear ranges from light-weight to heavy-duty industrial work wear. It also makes winter protection, uniforms, and corporate casual wear. These provide high protection and are utilized in several sectors such as hospitality, health- care and for general industrial purposes. Special fabrics protects the wearer in environments 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 Cleanroom Occupational Outdoor Insulated Lifestyle

Cleanroom Occupational

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Mallcom (India) Ltd

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WORKWEAR

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11 QC-controlled
subcontracting units
INFRASTRUCTURE
150,000 sq.ft.
across 2
1500+
manufacturing
manpower
facilities
engaged
33 Years of
800,000 m storage
experience
in workwear
15,000 m/day cutting
NEW WORKWEAR FACILITY (AHMEDABAD)
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

• • 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

• • 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

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Leather Gloves:

Leather Gloves are best for All kinds of leather provide Mallcom is backward protection from rough comfort, durability, dexterity, integrated with a tannery objects, sparks and in heavymild heat resistance and which leads to cost reduction duty work requirements. abrasion protection. and quality assurance.

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

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:

Lining Material:

Full-grain Leather, Split Leather, Paraaramid

Unlined, Cotton, Foam, Paraaramid, 3M Thinsulate

Back Material:

Add-ons:

Full-grain Leather, Vein Protection, Elasticated Split Leather, Back, Hi-vis Trims, Patched Synthetic Fabric, Fingertips, Aluminized Preox, Spandex Blends, Kevlar Stitching, Impact Denim & Cotton 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 PPE market size was valued at USD 58.64 billion in 2023 and is expected to grow at a CAGR of 7.3% from 2024 to 2032, with North America currently holding the largest share

• The Indian PPE market is projected to grow at a CAGR of 10.20%, from USD 841.4 million in 2023 to USD 1.5 billion by 2029

• The COVID-19 pandemic has heightened demand for protective gear across various sectors such as automotive, healthcare, manufacturing, and construction, with a focus on health and hygiene

• An increasing number of manufacturing units and construction projects, rising investments by international companies, growing demand for respiratory equipment in various sectors, and heightened workplace safety awareness and regulations due to rising occupational accidents are collectively boosting the PPE market

• Protective clothing, including heat and 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 grow at a CAGR of 6.8%, driven by the need to prevent workplace fatalities

• Increased awareness among employers about foot injuries from chainsaws, electric shocks, and metatarsal impacts is positively impacting the growth of protective footwear

• Technological advancements and changing consumer trends have led to improved manufacturing techniques and the emergence of high-tech multifunctional protective clothing

• Market players are adopting technological innovations, customization, and online procurement to enhance market accessibility

• Companies' economic interests and humanitarian efforts to ensure safer working conditions are supporting the growth of the PPE industry

PERSONAL PROTECTIVE EQUIPMENT (PPE) MARKET

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2024 2025 2026 2027 2028 2029 2030 2031
2023 2032
CAGR (2024-32): 7.3% >$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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Source: Global Market Insights

Mallcom (India) Ltd

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:

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Social Upliftment

These sustainable khadi bags were created by undertrials at Haridwar prisoners. By using these bags for sampling, it is our way of providing dignity to them.

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Nammami Gange

It was our abounding pride & honor to have contributed to #NamamiGange, as part of our CSR activities.

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Solar Panels

Installed solar panels to generate 65 kW of electricity which helps support 25% of the entire leather goods production facility.

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Bio Mass

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

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Asha Kiran

Sponsored primary education of 550 underprivileged children for over 5 years in remote districts of West Bengal, India.

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Mehuli Ghosh

Supported National Record holder and World Rank 6 in 10m Air Rifle, Mehuli Ghosh, for her journey to Tokyo Olympics 2020

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Manasi Joshi

Assisting World Rank 2 Para-Badminton player Manasi Joshi in her journey to Paris 2024 Paralympics since 2018.

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Shiva Keshavan

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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Women in Mallcom

Women constitute over 33% of our total workforce. When it comes to women's empowerment, we believe in walking the talk.

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FINANCIAL OVERVIEW

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CONSOLIDATED HISTORICAL INCOME STATEMENT

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Income Statement (INR Mn)	FY22	FY23	FY24	9M-FY25
Operational Income	3,572	4,106	4,207	3,492
Total Expenses	3,075	3,520	3,630	3,038
EBITDA	497	586	577	454
EBITDA Margins (%)	13.91%	14.27%	13.72%	13.00%
Depreciation	83	83	79	69
Finance Cost	20	25	42	36
Other Income	31	31	41	34
PBT	425	509	497	383
Tax	109	140	134	106
Profit After Tax	316	369	363	277
PAT Margins (%)	8.85%	8.99%	8.63%	7.93%
Other Comprehensive Income	(1)	1	(1)	6
Total Comprehensive Income	315	370	362	283
Diluted EPS (INR)	52.28	59.19	58.20	44.33

Mallcom (India) Ltd

31

CONSOLIDATED BALANCE SHEET

PARTICULARS (INR Mn)	FY23	FY24	H1-FY25
Assets
1. Non Current Assets	1,184	1,373	1,635
(a) Property, Plant and Equipment's	1,070	1,235	1,313
(b) Intangible Assets	1	1	0
(c) Capital Work In Progress	82	102	288
(d) Financial Assets
(i) Loans	13	12	12
(e) Non-Current Tax Assets (Net)	18	23	22
2. Current Assets	2,358	2,504	2,739
(a) Inventories	857	1,068	1,232
(b) Financial Assets
(i) Investments	270	145	115
(b) Trade Receivable	588	665	746
(c ) Cash and Cash Equivalents	42	2	111
(d) Other Bank Balances	359	322	169
(e) Loans	-	2	2
Other Current Assets	242	300	364
Total Assets	3,542	3,877	4,374

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PARTICULARS (INR Mn)	FY23	FY24	H1-FY25
Equity and Liabilities
1.Equity	2,032	2,375	2,549
Equity Share Capital	62	62	62
Other Equity	1,970	2,313	2,487
Minority Interest	-	-	-
2. Non-Current Liabilities	112	118	119
(a) Long Term Borrowings	40	37	31
(b) Other Financial Liabilities	63	63	60
(c) Deferred Tax Liabilities	9	18	28
3. Current Liabilities	1,398	1,384	1,706
(i) Financial Liabilities
(a) Short-Term Borrowings	868	890	967
(b) Trade Payables	413	394	363
(c) Other Financial Liabilities	51	10	201
(ii) Other Current Liabilities	66	88	153
(iii) Provisions	-	2	22
Total Equity and Liabilities	3,542	3,877	4,374

Mallcom (India) Ltd

32

CONSOLIDATED FINANCIAL PERFORMANCE

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Operational Income (INR Mn)

EBITDA (INR Mn) and EBITDA Margins (%)

PAT (INR Mn) and PAT Margins (%)

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4,106 4,207 4,400 586 577
3,900
3,572 3,492 497
3,400 454
2,900 14.27%
13.91% 13.72%
2,400
1,900 13.00%
1,400
900
400
FY22 FY23 FY24 9M FY25 FY22 FY23 FY24 9M FY25
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369
363
316
277
8.85% 8.99% 8.63%
7.93%
FY22 FY23 FY24 9M FY25
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ROE and ROCE (%)

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21.93% 23.46%
18.16%
17.91% 19.98%
15.28%
FY22 FY23 FY24
RoCE (%) RoE (%)
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Net Worth (INR Mn)

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2,549
2,375 2,500
2,032
2,000
1,764
1,500 0.14
1,000
500
0
FY22 FY23 FY24 H1 FY25 FY22
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Net Debt to Equity (x)

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0.28
0.25 0.25
FY23 FY24 H1 FY25
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Mallcom (India) Ltd

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CAPITAL MARKET DATA

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Share Price Data (As on 31[th] December, 2024)

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60%
40%
20%
0%
-20%
-40%
Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24
Mallcom (India) Ltd. Sensex
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Price Data (As on 31st December, 2024)	Price Data (As on 31st December, 2024)
Face Value (INR)	10.0
Market Price (INR)	1,529.2
52 Week H/L (INR)	1,780.0/ 800.1
Market Cap (INR Mn)	9,541.9
Equity Shares Outstanding (Mn)	6.2
1 Year Avg. Trading Volume (‘000)	14.1

Shareholding Pattern (As on 31[st] December, 2024)

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AIF 0.43%
Public
25.89%
Promoter
73.67%
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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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