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Safe Harbor

Some of the statements in this document that are nothistorical facts are forward-looking statements. Thesestatements entail risks and uncertainties that could cause

actual events to differ materially from these forward-lookingstatements. These risks include, but are not limited to, thelevel of market demand for our product, market situation forour key inputs, market conditions that could cause ourcustomers to reduce their spending for our products, ourability to create, acquire and build new businesses and togrow our existing businesses and other risks not specificallymentioned herein but those that are common to industry.The Company does not undertake to update thesestatements publicly to reflect changed eventualities.

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1. Business Overview2. Product overview

3. Management Vision and Ethics

4. Industry Dynamics

5. Financial Highlights

6. Strategic Outlook

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First entry mover advantages: One of oldest producer of Starchin India and third largest in India as per production.

Long lasting relationship with biggest brands and end users

Consistent expansion results in huge jump in capacity from 1800TPA in 1943 to over over 4 Lacs TPA in 2013-14

Diversification across customers and end-marketsEfficient working capital management: Low gearing with overalldebt

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1943 1944 1965 1967 1975 1980 1982 1985 86-92 1993 1996 2002 2007 2013

Companyestablished

its first facilitywith acapacity of1800 TPA atPhagwara(Punjab).

Cogoespublic

therebycreating awiderfinancialbase for itselfand at thesame timeopening upto newhorizons.

Starts

modernisationof phagwarafacility andexpandcapacity to12700 TPA.

CompanyCommissions

LiquidGlucose Plantat Phagwarawith 100%indigenoustechnology.

CompanyexpandsCrushing atPhagwara to36000 TPA.

Companyacquires VijoySteel andGeneral MillsCompanyLimited.

Companycommissions

Mono-HydrateDextrosePlant atPhagwarawith 100%IndigenousTechnoogy.

Company

venture outof Punjabandcommissionsthe secondgreenfieldfacility atNizambad(A.P.) toproduce cornstarch.

ConsolidationandExpansion ofCapacities at

both thefacilities inPunjab from36000TPA to54000 TPAand A.P. from12700 TPA to54000 TPA.

CompanyCommissions

Sorbitol 70%Sol. AtPhagwarawith 100%IndigenousTechnology

CompanyCommissions

AnhydrousDextroseplant atPhagwarawith 100%IndigenousTechnology.

Companycommissions

the Thirdgreenfieldfacility atMalda (WestBengal) toproducecorn starch.

Commissiongof HP Plant

Capacit

y ofMalda unittrebled withaddiional plantfor mfg.DextroseMonohydratecapacity 50 TPD.

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GrowthofMaizeStarchindustryhasdoubled

in the last 5 years in terms of grindingcapacityofMaize

North America is expected to lead theglobal modified starch market with shareof 39 percent followed by Asia-Pacific (29percent) and Europe (27 percent) in termsof consumption.

Due to opening up of the FDI in Retail sector,

more international players likely to penetrate

the Indian Market

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Change in Consumer Behaviour with respect to habits

patterns of food consumption.

Packaged ready to eat food is the order of the day due

to ready OTC availability.

Increase in requirements of modified and value-added

starch products i.e. its derivatives, in the packaged food

industry.

Malls / DepartmentalStores culture has taken over

age-old next-doorBaniyaa culture in India especially in

Tier1andTier2cities.

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High-fructose corn syrup, also high-fructose maize syrup in othercountriescomprises any of a group of corn syrups that hasundergone enzymatic processing to convert some of its glucose intofructose to produce a desired sweetness. HFCSmainlyusedinAerateddrinksworldover.InIndia,itissugar,duetocheappricingofsugar.

BeerindustrysubstitutedsugarwithHighMaltoseCornSyrup(HMCS)andDextrose, both derivates of Maize Starch. Government may earmark a

minimum%age of HFCS instead of sugar in themanufacture of Aerated

drinksandBeer.

ManufacturersofAeratedDrinksyettosubstitutesugarwithanalternative.

Enquiry made by manufacturers of Aerated Drinks and Beer, as to analternativeofsugarhasincreasedinlastfewyears Potential growth of use

of HFCS foreseen in immediate future.

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In USA China, 3-4 types of corn available i.e. industry-specific types

In India, Corn was Corn no such segregation done due to ignorance

on the part of farmers. Type of corn available was not standard on every

purchase, due to different types of hybrid seeds used for growing corn.

Profits of the Maize Starch Industry are expected to rise as reduction in

production costs due to better recovery by using industry-specific corn,

recently, as also by direct purchases from the farmers

Increase in consumption of Maize products can check on the pricing of

Sugar and Government may give incentives to starch industry in future

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Quality is the life line of every business and

Company committed to satisfy customers bymanufacturing & supplying quality productsto their entire satisfaction

Sukhjit is an innovation company : Products,

technologies, processes, business models andstrategies

Addressing new growth areas

Capable of identifying and usingbreakthrough innovations

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Sukhit believes that its products improve

the quality of peoples lives Respect for people and nature

Deeply committed to the social upliftmentand all round society welfare

Prevention of environment hazards alongwith the business/economic growth

Channelise youth energy for productiveuse

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Last decade Industry grew by 2 times of GDP : still huge gap in

global average and Indias consumption level

Industry growing at 20% rate: China consumption grew by 4times in last decade

Per capita consumption still very low: of the consumption ascomparison to china.

More than 1000 application in developed countries

Cargill India setting up a corn milling plant in Karnataka with aninitial investment of Rs 500 crore to tap the fast-growing market

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In cr 2013 2012 2011 2010 2009

Net

Profit

21.58 22.10 38.78 14.67 11.61

0

5

10

15

20

25

30

35

40

2009 2010 2011 2012 2013

Net Profit (In Cr)

Net Profit (In Cr)

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In cr 2013 2012 2011 2010 2009

Revenue(annual) 419.74 354.33 339.06 258.54 202.62

Revenue (in cr)

0

100

200

300

400

500

20092010

20112012

2013

Revenue (in cr)

Revenue (in cr)

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2009 2010 2011 2012 2013

NPM in % 5.14 6.24 11.44 5.68 5.73

OPM in % 12.25 12.36 18.60 12.98 12.23

0

2

4

6

8

10

12

1416

18

20

20092010

20112012

2013

NPM

OPM

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Modified starch market will grow from estimated $12.76 billionin 2012 to $15.23 billion by 2017 with 3.2 percent CAGR during

the same period.

Insomeproducts,theStatutorypermissiblelimitofusageofstarchisstillverylowinIndiacomparedtothepermissiblelimitsinotherAmericanandEuropeancountries.Governmentmayconsiderandtherebymakenecessaryamendmentsinthepermissiblelimits

Increase in consumption of Maize products can check on the pricing

of Sugar and Government may give incentives to starch industry in

future

4 industrial sectors ( Pharma, Food and Beverages, Textile &Paper) which are demand driver for the industry are doingextremely well & expected to continue the uptrend in 2014

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Reach us : Mr Rishi K, Senior DirectorReliant Investor Relations Consultancyresearch@rirc.in+91 9582111450+91 75061 31222+91 11 2244 4422

mailto:research@rirc.inmailto:research@rirc.in