Questions across 3 calls

Dhvaneet Savla

Savla Family Office

Balrampur Chini Mills Limited

Balrampur Chini Mills Limited CC-Feb26.pdf · 2026-02-11

Most of my questions have been previously answered. Just wanted to know on the ethanol bit. Do we know what kind of pricing they are likely to set for the C -heavy route for the current sugar season? They had provided an increase last year as well. If they announce another increase now, the price differential between the B -heavy and C-heavy routes would become very minimal. In that case, it would appear likely that they may also increase the price for the B -heavy route, at least in line with the cane juice route ? My second question is what is our current conversation with regards to the government on this particular aspect? Are they still in talks with the government for the price revision? Or have the talks stalled for now?

So as per November 2024, October 2025 season, right?

Balrampur Chini Mills Limited CC-Mar25.pdf · 2025-05-16

So, I have two questions. First is, since the FRP revision and as sir had explained wonderfully on the difference between the ethanol coming from maize and from sugar. So is it my assumption fair that the upward revision should be somewhere in the range of what the current prices on maize based ethanol is or are we looking at so mething higher? And my second question is with regards to what are the precautions which we are taking since red rot has affected entire Eastern UP, as far as I know, so what kind of precautions are we taking that this kind of thing should have lesser impa ct going ahead?

Okay. My question on the FRP was not based on the FRP but based on the price revision which if we are looking at anything, it should be above what the maize-based ethanol is, right?

Balrampur Chini Mills Limited CC-Sep23.pdf · 2023-11-08

Congratulations on a good set of numbers. I have two questions. First, it is my thought process that what we should be looking at the numbers from a year-on- year basis rather than a quarter -on-quarter basis. So, based on that, is this your early expectation, how much incremental revenue and profitability are we looking at from each of our businesses? And if you could give us a kind of a guidance for all three businesses separately? And secondly, my other question with regards to the treatment of B -heavy and C - heavy molasses. Recently, the UP government has asked to treat B -heavy and C - heavy molasses in the same way and the levy on that was supposed to be parallel. Is there any comment on that?

So just a follow-up on that. Is there any personal preference for us to produce ENA from one particular kind of feedstock, be it, grain or B -heavy or C -heavy or that depends on season-to-season?