Questions across 6 calls

Parikshit Gupta

Fair Value Capital

Piramal Pharma Limited

Piramal Pharma Limited CC-Jan26.pdf · 2026-01-29

My first question on the Complex Health Generics business about Sevoflurane. Would capturing the rest of the world markets come at a cost of margins for the first 1 to 2 years? Also, which countries are we initially targeting for the rest of the world, considering that the Digwal facility is accredited for U.S., UK, and Japan? So, if you could first articulate on these, please.

Second question on the Kenalog acquisition again. I understand that the limited competition and the cross-sell synergies, but do you anticipate any risks from non -steroidal anti-inflammatory immune regulatory solutions? Because such therapies have been consistently increasing in other diseases, considering the side effects of the long-term use of corticosteroids.

Multi Commodity Exchange of India Limited

Multi Commodity Exchange of India Limited CC-Feb26.pdf · 2026-01-27

Congratulations on a great set of results. Most of my questions have been answered. But just one on the risk to our monopolistic position, especially in bullion. We all know what is happening with IEX, although we are governed by a different regulatory bod y. But do you anticipate any similar risks of maybe sharing the price discovery for MCX, if that -- if you could please articulate on that, please?

I understand. Just a quick follow -up on this, please. Has there been any activity from SEBI or any intimation which I shared with you about splitting the overall pie of the market as you may put it?

Supreme Industries Limited

Supreme Industries Limited CC-Jul25.pdf · 2025-07-24

Thank you very much for the opportunity. My first question is on the PVC resin price. You mentioned that the June as well as July month has observed a price decline from Reliance. However, the numbers posted for K6701 grade, there has actually been an increment. On May 1st, the price was around Rs. 71 averaged around the country, which is now around Rs. 75.6. Can you please tell me if there is some mistake in my understanding here?

Understood.

Afcons Infrastructure Limited

Afcons Infrastructure Limited CC-Mar25.pdf · 2025-05-27

Thank you very much for taking my question and for such a detailed presentation and answers. I would like to again talk about the payment realization challenges. I underst and that we have had several points from your end in terms of JJM, UP, MP, but it will be really helpful if you could please talk about from a short and a medium -term perspective about the different authorities, how have they been performing in terms of payments. We do have context of liquidity improving, but from a one t o three-year perspective, it also helps us define the focus. So, if you could please spend a minute or two on this.

This is helpful. Just a follow -up. In terms of NHAI, we have for many quarters or many years even seen pressure. Especially with the rise in debt levels and them also deleveraging probably over making payment realizations to the contractors. On an industry wide level, how do you see the situation with NHAI please?

Kalyan Jewellers India Limited

Kalyan Jewellers India Limited CC-Mar25.pdf · 2025-05-08

Thank you for the opportunity and c ongratulations on a great result. I just have one question. And I joined a little late, so I'm sorry if I'm re peating it. With the India -UK FTA, there is a lot of news going around about a boost in gems and jewel lery exports from India. Can you throw a little light on how it might benefit us or is it a little too early to tal k about any positive signs from it?

Understood. So, the Middle East business only caters to the GCC area?

AIA Engineering Limited

AIA Engineering Limited CC-Sep24.pdf · 2024-10-30

All right, thank you very much for the opportunity. And just as a context, I am new to this company and a segment. So please pardon my lack of information. I just have one structural question. I understand that the grinding media is the largest business segment for the company along with expansion plans already undertaken. So, I understand that you are already mindful of the rate of growth of the requirement of grinding media. Would it be possible for you to please articulate if this growth will come mostly from the mining sector, which contributes to I think about 70% of the business? Or if you could touch upon the other segments?

Just to follow up on this, please, considering the cement manufacturers' expansion along with consolidation in the industry, especially in the southern parts of it, would they…