Questions across 4 calls

Viraj Mahadevia

MoneyGrow

NAVA LIMITED

NAVA LIMITED CC-May26.pdf · 2026-05-15

Right. What is the planned use for this money going forward?

Understood. So, what is the equity contribution still pending for all these new projects coming on stream? And how much incremental debt is likely to be taken to complete all these projects? So, delta on equity, and delta on debt. So right now, if you look at the total commitment, I'm talking about for the group a s such, total commitment is about $130 million in terms of equity. And in terms of the Agri -side debt, we're looking at about $100 million. And for the Maamba we've already taken on the debt, for the Phase 2. And I think for the solar, $30 million is spending. So that is pending. These are for existing projects that we are currently implementing. But as you kind of know, we're always looking at other projects that could probably shape up during the course of the year. So those are not considered.

NAVA LIMITED CC-Jun25.pdf · 2025-08-14

Hi, congratulations on stable results. If you could elaborate a little bit on the sugar cane or the sugar plant in Zambia, you mentioned the power plant has been set for relocation. If you can elaborate what that is, why you decided to enter sugar in Zambia, and how this 200 million will be funded, debt and equity?

Just to understand the full process, the raw cane stocks on the plantation were used as part of the sugar power plant to generate electricity, which is sold back to the grid. Is that correct?

NAVA LIMITED CC-Sep24.pdf · 2024-11-14

This is Viraj. Congratulations on stable results. Quick question regarding the dip in performance this quarter is because of the scheduled maintenance of India and Zambia plants. Am I right? Nava Ltd 8 14.11.2024

And is this for a large part of this quarter? Or was it half the quarter? what the normalized earnings will be getting back into Q3?

Deepak Fertilizers and Petrochemicals Corporation Limited

Deepak Fertilizers and Petrochemicals Corporation Limited CC-Nov25.pdf · 2025-11-06

Congratulations to the management team for staying on course. A quick question is with the lower gas integration into the manufacturing next year, how much do we expect gross margins to expand by in FY '27? Subhash Anand: Okay. Basically, with our new LNG contract, which will be effective from, or the supply will start from May '26 onwards. We expect the gas prices will come down. Now in terms of margin expansions, let's wait for some more time. We've still not gone and then communicated. But the cost saving is material in nature. It's not a small saving what we are expecting. If everything remains same where our gas prices are today, we expect significant reduction in our gas prices, basket gas prices to happen because of new contract. And that will bring down our breakeven EBITDA level for Ammonia much lower. So we expect this will be a significant impact in our turnaround of Ammonia business in the coming year, apart from increase in Ammonia prices for which early signs are already there.

Understood. And once this capex underway is completed, is there any other capex planned? Or will cash flows from FY '27 be used to delever the balance sheet? Subhash Anand: At this point of time, we are reaching, in fact, the current stage of capex cycle, we started a few years back. Now we are reaching towards completion of that capex cycle. Immediate, if you ask me, do we have something? No, nothing immediately. So there will be some cooling period. That's what we expect in terms of next capex cycle to kick in. But we are open any good opportunity, if it makes business case, we look into that.