Sathlokhar Synergys E&C Global Ltd Beyond The Numbers Value Discovery Summit Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Sai Nair - Kirin Advisors - Analyst : Yeah. So I think we can start with the Q&A session, sir. (Event Instructions)

Question: Sai Nair - Kirin Advisors - Analyst : Yes, Mr. Neel, you can go ahead and ask your questions. LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 16, 2025 / 5:30AM, SATL.NS - Sathlokhar Synergys E&C Global Ltd Beyond The Numbers Value Discovery Summit Unidentified Paticipant Hello, sir. Firstly, congratulations on such a massive order book, and thank you for giving me a chance to ask a question here. So sir, currently, I think we recently went for a warrant issue and I've seen that we are not We are pretty reluctant on taking debt on our books for now, I mean, don't you think that -- is there any particular reason we are not taking debt on the books to scale up? Because the recent INR100 crore, INR112 crore of equity which we raise right now, is there any specific reason we are not taking debt or we are not planning to take debt in the future, too? Because that's how the cost of equity will then be always higher for us, for our investors, also there will be more dilution. So I mean, are we planning to take that?

Question: Sai Nair - Kirin Advisors - Analyst : Ms. Disha, you can go ahead and ask your questions. Unidentified Paticipant Hello. Am I audible, sir?

Question: Sai Nair - Kirin Advisors - Analyst : Yeah, Mr. Krishna, you can go ahead and ask your questions. Unidentified Paticipant Yeah, thank you. Am I audible, sir?

Question: Sai Nair - Kirin Advisors - Analyst : Yeah. Mr. Chirag, you can go ahead and ask your questions. LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 16, 2025 / 5:30AM, SATL.NS - Sathlokhar Synergys E&C Global Ltd Beyond The Numbers Value Discovery Summit Unidentified Paticipant Yes, sir, good morning. Sir, I wanted to understand how is your billing cycle? I need to ask is whether you bill it on the completion of a project, or is it installments or how does it happen, especially in H2?

Question: Sai Nair - Kirin Advisors - Analyst : Sir, if you could be a bit far from the mic, it would be helpful.

Question: Sai Nair - Kirin Advisors - Analyst : Okay, Mr. Murali Bojja, you can go ahead and ask your questions. Murali Bojja Yeah, thank you for the presentation. It's wonderful. The question is like, in the past couple of years, I think the deter days. And the capital days both almost doubled. Just could you tell me what is the reason?

Question: Sai Nair - Kirin Advisors - Analyst : Okay. Mr. [Par], you can go ahead and ask your questions. Unidentified Paticipant Hi. Good morning, everyone. Thank you for this opportunity. So firstly, many congratulations for this achieving numbers. I want to understand that we have diluted from 62% of the promoters stake to 58% in November 25. So how much money would have been raised by the promoters?

Question: Sai Nair - Kirin Advisors - Analyst : Yeah, Mr. [Sridhar], you can go ahead and ask your questions. Unidentified Paticipant Morning. Good morning. Am I audible, sir? Yeah.

Question: Sai Nair - Kirin Advisors - Analyst : Thank you sir. So dear participants, for a better democratization of this Q&A session, I would request you to limit your number of questions to two as we have time constraints. Mr. Nihar, you can go ahead and ask your questions.

Question: Sai Nair - Kirin Advisors - Analyst : Mr. Tejash, you can go ahead and ask your questions.

Question: Sai Nair - Kirin Advisors - Analyst : Mr. Tejash, are you, there? Yeah. Mr. Suman, you can go ahead and ask your questions. Unidentified Paticipant Hi, Mr. Thiyagu, good morning. Am I audible to you?

Question: Sai Nair - Kirin Advisors - Analyst : Mr. Atul Rustogi, you can go ahead and ask your questions. Atul Rustogi Am I audible?

Question: Sai Nair - Kirin Advisors - Analyst : Yeah, Mr. Manavu, you can go ahead and ask your questions. Unidentified Paticipant Hi, sir, good morning.

Question: Sai Nair - Kirin Advisors - Analyst : Mr. Siddhartha, go ahead and ask your questions. Unidentified Paticipant Very good morning, sir. Very good morning. So I just have a few questions. So after our new PV manufacturing plan getting operational, can we expect any margin improvement from this point?

Question: Sai Nair - Kirin Advisors - Analyst : Yeah, Mr. Pinkesh, you can go ahead and ask your question.

Question: Sai Nair - Kirin Advisors - Analyst : Yeah. Mr. Naga Krishna, you can go ahead and ask your questions. LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. DECEMBER 16, 2025 / 5:30AM, SATL.NS - Sathlokhar Synergys E&C Global Ltd Beyond The Numbers Value Discovery Summit Naga Krishna Hello. Thank you, Mr. Thiyagu, for giving this opportunity to me and a nice presentation. Just one thing, sir. I may be a bit (inaudible), but please pardon me. Can you tell me more about your PEB project, the 2 acres land, what you have purchased for the PEB? What are your plans? Is it that we are manufacturing this iron rods and other things, or how is it going to work, and what is the CapEx?

Question: Sai Nair - Kirin Advisors - Analyst : Yeah, Mr. Tejash, you can go ahead and ask your questions. Unidentified Paticipant Yeah, am I audible?

Question: Sai Nair - Kirin Advisors - Analyst : Okay, sir, we'll address some questions in the chat and chat box and we can then conclude the meeting. So, sir, we have a question here from [Mr. Ravindra Hingoleri] saying, if the company receives confirmed orders aggregating INR2000 crore or more for FY26/'27, does the company have the operational capacity, manpower and execution capability to deliver these orders and achieve INR2,000 crore-plus revenue while maintaining the existing EBITDA and net profit margins. Also want to know the state-wise bidding.

Question: Sai Nair - Kirin Advisors - Analyst : Sorry, should I repeat the question, sir?

Question: Sai Nair - Kirin Advisors - Analyst : Sorry. So Mr. Ravindra Hingoleri is asking if the company receives confirmed orders aggregating INR2,000 crore or more for FY26 and FY27, does the company have the operational capacity, manpowering and execution capability to deliver these orders and achieve INR2,000 crore-plus revenue while maintaining the existing EBITDA and net profit margins?

Question: Sai Nair - Kirin Advisors - Analyst : Sir, Mr. Apar is asking for INR14,000 crore bidding. How much is outside Tamil Nadu and inside Tamil Nadu?

Question: Sai Nair - Kirin Advisors - Analyst : All are repeated questions, sir. Okay. So yeah, I think we have covered most of the questions here. So we'll conclude the meeting, sir. So thank you, Thiyagu, sir. Thank you. and all the participants who took the valuable time to attend this meeting. Further, if you have any queries, feel free to reach out to us at Thank you.