08th August, 2025 To The Corporate Relationship Department BSE Limited P.J.
Tower Dalal Street, Fort Mumbai - 400 001 Scrip Code: BSE 522101 To, The Secretary The Calcutta Stock Exchange Ltd., 7 , Lyons Range, Kolkata – 700 001 Scrip Code: CSE 21022 Sub : Investors’ Presentation Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the investors’ presentation of the Company.
Yours faithfully, For Kilburn Engineering Limited Arvind Bajoria Company Secretary & Compliance Officer Encl :A/a ----------------Page (0) Break---------------- KILBURN ENGINEERING LTDInvestor Presentation Q1 FY2026 ----------------Page (1) Break---------------- ThispresentationhasbeenpreparedbyandisthesoleresponsibilityofKilburnEngineeringLimited(hereinafterreferredtoas“KEL”or“theCompany”).By accessingthispresentation,youareagreeingtobeboundbythetrailingrestrictions.
Thispresentationdoesnotconstituteorformpartofanyofferorinvitationorinducementtosellorissue,oranysolicitationofanyofferorrecommendationto purchaseorsubscribefor,anysecuritiesoftheCompany,norshallitoranypartofitorthefactofitsdistributionformthebasisof,orbereliedoninconnectionwith, anycontractorcommitmentthereof.Inparticular,thispresentationisnotintendedtobeaprospectusorofferdocumentundertheapplicablelawsofany jurisdiction,includingIndia.Norepresentationorwarranty,expressorimplied,ismadeasto,andnorelianceshouldbeplacedon,thefairness,accuracy, completenessorcorrectnessoftheinformationoropinionscontainedinthispresentation.Suchinformationandopinionsareinalleventsnotcurrentafterthedate ofthispresentation.Thereisnoobligationtoupdate,modifyoramendthiscommunicationortootherwisenotifytherecipientiftheinformation,opinion,projection, forecastorestimatesetforthherein,changesorsubsequentlybecomesinaccurate.
2 DISCLAIMER INVESTOR PRESENTATION ----------------Page (2) Break---------------- Designing & Manufacturing critically customized process packages of exceptional quality for diverse industries worldwide.
3 KILBURN ENGINEERING: LEADER IN INDUSTRIAL DRYING SOLUTIONS Years of Rich ExperienceInstallations GloballyWorkforceSectors Catered by Products & Solutions 40+3,000+200+15+ Multi-national Export presence across USA, France, Germany, the Netherlands, China, Indonesia, Hungary, Thailand, Kenya,South Africa, Brazil and Bangladesh, among others Leading Global players for drying solutions and customised process equipment Increasing Revenue from exports on a consistent basis Appetite for Inorganic Growth Completed acquisition of ME Energy Private Limited & Monga Strayfield Private Limited (100% subsidiaries) Growing Order book on a year-on-year basis INVESTOR PRESENTATION ----------------Page (3) Break---------------- 4 CONSISTENT GROWTH Financial Performance & Highlights (₹ In Million) INVESTOR PRESENTATION 855 1292 Q1FY25Q1FY26 51.2% 185 333 Q1FY25Q1FY26 147 296 Q1FY25Q1FY26 80.5% 101.3% Income from Operations (₹ ) Operating EBITDA (₹)Profit Before Tax (₹) 638 947 Q1FY25Q1FY26 48.4% 165 241 Q1FY25Q1FY26 46.5% Income from Operations (₹ ) Operating EBITDA (₹) 116 213 Q1FY25Q1FY26 21.625.8 Q1FY25Q1FY26 13.616.5 Q1FY25Q1FY26 +418 bps+293 bps Net Profit (₹)EBITDA Margin (%)Net Profit Margin (%) 107 147 Q1FY25Q1FY26 136 212 Q1FY25Q1FY26 56.0%37.4% Profit Before Tax (₹)Net Profit (₹) 83.9% ConsolidatedStandalone ----------------Page (4) Break---------------- 5 FINANCIAL METRICS Quarterly Income Statement INVESTOR PRESENTATION Particulars (₹ Mn)Q1FY26Q4FY25Q1FY25YoY% Revenue from Operations1,292.51,269.4854.851.2 Total Expenditure959.3909.9670.343.1 EBITDA333.1359.5184.680.5 EBITDA Margin (%)25.828.321.6+418 bps Other income25.38.66.5291.8 Depreciation28.125.613.9101.6 EBIT330.3342.5177.186.5 Interest33.848.429.813.4 Profit Before Tax296.5294.1147.2101.3 Tax83.490.031.4165.8 Profit After Tax213.1204.1115.983.9 PAT Margin (%)16.516.113.6+293 bps Reported Earnings Per Share (Rs)4.444.562.7760.3 Q1FY26Q4FY25Q1FY25YoY% 946.71,023.4638.148.4 705.4735.3473.449.0 241.4288.1164.746.5 25.528.225.8-32 bps 21.18.25.6276.9 19.818.410.588.1 242.6277.9159.851.8 30.629.923.828.4 212.0248.0135.956.0 64.985.428.9124.5 147.1162.5107.037.4 15.515.916.8-123 bps 3.063.632.5619.5 ConsolidatedStandalone ----------------Page (5) Break---------------- 6 STRONG ORDER BOOK Order Book as on 30th June, 2025 3,246.6 3,627.7 Q1FY25Q1FY26 3,713.5 4,470.2 Q1FY25Q1FY26 Closing Order Book (Standalone) Closing Order Book (Consolidated) (₹ In Million) ParticularsConsolidatedStandalone Opening Order Book4,839.53,876.3 [+ ] Orders Received910.1685.2 [ - ] Orders Executed1,279.4933.8 Closing Order Book4,470.23,627.7 INVESTOR PRESENTATION Order Book Q1 FY26 (₹ Mn) ----------------Page (6) Break---------------- 7 MULTI-SECTORAL ORDERS RECEIVED Q1’FY26 (Standalone - Value ₹ in Million, Share in %) 43.6% 22.7% 14.8% 7.3% 6.9% 4.6% 31.1% 16.1% 14.1% 13.5% 7.2% 6.8% 4.3% 3.3% 1.4% 2.3% (298.9) Fertiliser (31.7) Others (47.5) Iron & Steel (49.9) Tea (101.5) Carbon Black (155.7) Chemical Total Value ₹685.2 Million Total Value ₹3,627.7 Million (83.1) Others (120.9) Pharmaceuticals (154.6) Tea (246.5) Petrochemical (261.5) Oil & Gas (490.0) Nuclear Power (511.4) Carbon Black (583.4) Chemical (1,126.8) Fertiliser Orders Received Closing Order Book INVESTOR PRESENTATION (49.5) Iron & Steel ----------------Page (7) Break---------------- Proposed Capex ~₹ 300 Million Proposed Capacity Addition ~15% to 20% Timeline of Completion Up to March 2026 8 KEY HIGHLIGHTS & UPDATES M. E. Energy Pvt Ltd Phase 2 of Expansion of Manufacturing Facility at PUNE In Progress INVESTOR PRESENTATION KEL achieved revenue of ₹ 1,293 Million (consolidated) & ₹ 947 Million (standalone) during quarter ended June 2025 KEL’s Closing Order Book stood at ₹ 4,470 Million (consolidated) & ₹ 3,628 Million (standalone) Proposed Expansion of Manufacturing Facility at Saravali, Bhiwandi, Maharashtra ----------------Page (8) Break---------------- 9 DESIGNED FOR GROWTH, TRUSTED FOR EXCELLENCE With our 40+ years of experience, we specialize in designing, engineering, and manufacturing equipment and systems for process plants in the chemical and petrochemical sectors.
As a leader in solid, liquid, and gas drying systems, we operate in a niche market.
We provide comprehensive solutions for various industries such as tea, fertilizer, carbon black, soda ash, pharmaceuticals, dyes, pigments, and specialty chemicals.
We have notable installations in critical applications in oil and gas and nuclear power, including offshore platforms with skid-mounted packages and heavy water drying system engineering capabilities.
Our progress is driven by our experienced Board of Directors, professional management team, and talented pool of engineers with expertise in mechanical, chemical, instrumentation, and electrical engineering disciplines.
Our sharp, highly qualified, and experienced Board of Directors lead us, along with a talented pool of engineers in mechanical, chemical, instrumentation, and electrical engineering disciplines.
We have an extensive R&D center that develops cutting-edge technologies and new equipment of international standards for our end-user industries.
Our successful track record includes customized process equipment manufacturing for various industries, catering to the requirements of both international and domestic customers, including large conglomerates.
INVESTOR PRESENTATION ----------------Page (9) Break---------------- 10 OFFERINGS DIVERSIFIED AND BESPOKE SOLUTIONS (1/4) Customized Industrial Drying System CalcinersFluid Bed Dryers Paddle DryersVibrating Fluid Bed DryersSpray DryersBand Dryers Flash DryersRotary Dryers & Coolers INVESTOR PRESENTATION ----------------Page (10) Break---------------- 11 OFFERINGS DIVERSIFIED AND BESPOKE SOLUTIONS (2/4) Customized Package System Air / Gas / Liquid Drying SystemsSolvent / Vapor Recovery SystemsInstrument Utility Gas Drying Systems Vibratory Feeders INVESTOR PRESENTATION ----------------Page (11) Break---------------- 12 OFFERINGS DIVERSIFIED AND BESPOKE SOLUTIONS (3/4) Fabricated and Large Critical Equipment Pressure VesselsHeat ExchangersColumns Oil Field SystemsSilosReactors INVESTOR PRESENTATION ----------------Page (12) Break---------------- 13 OFFERINGS DIVERSIFIED AND BESPOKE SOLUTIONS (4/4) Standard Products Centrifugal FansTea Dryers Sludge & Paddle Dryers Mechanised Withering System (Tea Leaf)Coconut DryersSugar Dryers INVESTOR PRESENTATION Other Products ----------------Page (13) Break---------------- 14 OUR MANUFACTURING PROWESS (1/2) State-of-the-art manufacturing facility for fabrication, machining and assembly of the equipment situated at Thane, Maharashtra (India). Our manufacturing plant is spread across 30,960 square metres.
Manufacture equipment using materials such as aluminium, carbon steel, stainless steel, inconel, hastelloy, monel, nickel, duplex stainless steel, Alloy 253 mA and titanium. ▪Cutting machines ▪Metal forming machines ▪Press Brakes ▪Shears/bending machines ▪Welding machines ▪Painting ▪Balancing equipment ▪Shot Blasting Machine ▪Utilities Metal Cutting and FormingOthers ▪Equipment ▪EOT cranes ▪Forklifts ▪Mobile cranes Material Handling ▪Drilling machines ▪Universal milling machine ▪Lathes ▪Shaping machine Machining INVESTOR PRESENTATION ----------------Page (14) Break---------------- 15 OUR MANUFACTURING PROWESS (2/2) Overview of Plant at Saravali, Bhiwandi, Maharashtra Titanium Clean RoomVertical Turret Lathe Heavy Duty Rolling Factory Shed INVESTOR PRESENTATION ----------------Page (15) Break---------------- 16 OUR VALUED CLIENTELE : A BRIEF OVERVIEW (1/2) PetrochemicalsSpeciality ChemicalsPowerCarbon Black Oil & GasPharmaceuticals INVESTOR PRESENTATION ----------------Page (16) Break---------------- 17 OUR VALUED CLIENTELE : A BRIEF OVERVIEW (2/2) Food & FMCGFertilizerMinerals, Mining & Others Soda AshMetals INVESTOR PRESENTATION ----------------Page (17) Break---------------- 18 OUR GLOBAL PRESENCE Exporting nationCollaborators and technical associates USA France Brazil Кeпуа South Africa Indonesia Thailand Bangladesh China Japan Hungary Switzerland Netherland Germany INVESTOR PRESENTATION ----------------Page (18) Break---------------- 19 M.E.
Energy Private Limited Waste Heat Recovery (WHR) Systems Acquisition completed in Feb 2024 For INR 987 mn Monga strayfield Private Limited Radio Frequency (RF) Drying Systems Acquisition completed in Jan 2025 For INR 1230 mn KILBURN ENGINEERING’S 100% Subsidiaries ----------------Page (19) Break---------------- M.E.
Energy Private Limited 100% Subsidiary ----------------Page (20) Break---------------- 21 SYNERGISTIC ALIGNMENT, STRATEGIC INTEGRATION M.E.
Energy Private Limited, a leading provider of custom-built Energy Saving, Heating, and Cooling Systems, specialized in Thermal Engineering.
This alignment will synergize M.E.
Energy’s and Kilburn Engineering's thermal and mechanical engineering capabilities, enhancing their technological offerings, operational efficiencies, and overall scale in the market.
It operates as a wholly owned subsidiary of Kilburn Engineering Limited Consideration Mix of equity in Kilburn Engineering and cash to the erstwhile promoters Synergy Cost efficiency, trimming overheads and amplifying margins at a consolidated level & expanded sales opportunities by tapping into the existing clients bases of Kilburn and MEE Collaborating on thermal engineering to unlock synergistic advantages.
Kilburn’s proficiency in drying systems, amplifies ME Energy's expertise in custom-built energy-saving systems.
Enhancing industry solutions by optimizing technological capabilities and operational efficiencies of Kilburn and ME Energy INVESTOR PRESENTATION ----------------Page (21) Break---------------- 22 ME ENERGY: SPECIALIST IN CUSTOM ENERGY SOLUTIONS Thermal & Mechanical Engineering Core Competence Waste Heat Recovery (WHR) & Waste Heat Reutilisation Systems Design, Manufacture and Installation of Energy Saving Projects, Heating and Cooling Systems and Equipment Concept to Commissioning Custom built Energy Savings Systems/ Equipment, Heat Transfer Systems and Equipment on turnkey basis Exports USA, Japan, Turkey, Spain, France, Bangladesh, Indonesia, among others 25+ Years of Innovation 1500+ Installations Globally 15+ Industries Served 21+ Countries Specialise in designing and manufacturing world-class, highly customised thermal & mechanical systems for various industries Products: 16 MW Waste Heat Based Power Plant for 200 MW IPP 3.5 MW Thermal Oil Heater for Biscuit Baking Biscuit Baking Ovens (on Biomass) Co2 Solution Reboiler Energy Savings Systems Fired Energy Systems Special Energy Systems Heat Exchangers & Pressure Vessels INVESTOR PRESENTATION ----------------Page (22) Break---------------- Food & FMCG 23 MEE KEY CLIENTELE: LEADING INDUSTRY PARTNERS Food & Beverage Oil & Gas/ PetrochemicalsCarbonIron & SteelOthers INVESTOR PRESENTATION ----------------Page (23) Break---------------- MONGA STRAYFILED PRIVATE LIMITED 100% Subsidiary ----------------Page (24) Break---------------- 25 EXPANDING PORTFOLIO, EXPLORING NEW SECTORS About Monga Strayfield Private Limited Founded in 1968. A Leading manufacturer of Radio Frequency (RF) heating and drying equipment, renowned for its over five decades of expertise in RF systems.
Having a strong foothold in sheet metal fabrication.
Strong customer base in the USA and Europe, with a global reach spanning six continents.
Their solutions are trusted globally for their reliability and cutting-edge performance.
Offers RF heating, drying, and heat pump technologies, offering energy-efficient solutions for moisture removal and temperature control.
Radio Frequency (RF) Heating & Drying Solutions: Monga’s products cater to diverse applications like food processing, textile drying, latex drying, disinfestation, paper drying, fiber glass processing, and defrosting.
Low-temperature (RH) drying sets the standard for efficiency, allowing us to remove significant moisture at a low cost, key markets include fruit, vegetable, herb, and spice drying.
RF technology optimizes production, reducing process times while ensuring uniform quality and energy efficiency.
Sole manufacturer of Industrial Radio Frequency heating and drying machines featuring a filtered oscillator design.
“ “ 4000+ installations | 1000+ customers served | 50+ years of expertise INVESTOR PRESENTATION ----------------Page (25) Break---------------- 26 MONGA STRAYFIELD’S INFRASTRUCTURE & KEY MILESTONES INFRASTRUCTURE: ▪State-of-the-art manufacturing and R&D facility in Bhosari, Pune ▪Offices in Pune, Mumbai, Delhi (India), and Theale (United Kingdom) ▪Service engineers available 24/7 across five continents PRESENCE: ▪3 State-of-the-art manufacturing Facility in Bhosari, Pune, Maharashtra along with R7D Facility. ▪Manufacturing facility in Theale, Berkshire, UK ▪Joint Venture - Gentle Processing SK, Canada ▪Offices: India – Pune & Mumbai, Maharashtra; Delhi / UK – Theale, Bershirei Key Timeline Highlights: 1968 Monga Electronics Pvt. Ltd. was established in India & Strayfield Ltd. in England.
1996 Established Monga Strayfield Pvt. Ltd. (50:50 joint venture with Strayfield Ltd., UK), to manufacture textile yarn drying machines.
2005 Acquired joint venture partner Strayfield Ltd. in the UK.
2008 Amalgamated all group companies in India under Monga Strayfield Pvt. Ltd. to improve integration and resource utilization.
2009 Developed the first and only 125kW machine to meet global economic growth and capacity demands.
2016 Formed a joint venture with a Canadian partner to create QGTI, focused on organic, chemical-free processing of fresh foods and grains.
2019 Developed low-temperature dehydration technology, achieving cutting-edge drying efficiency for fresh food dehydration.
INVESTOR PRESENTATION ----------------Page (26) Break---------------- 27 MULTIPLE INDUSTRIES & MULTIPLE APPLICATIONS Catering to wide range of industries: Catering multiple industries in UK, USA, Italy, Netherlands, New Zealand, Oman, Poland, Russia, South Africa, Turkey, & others (Provide high quality high yield production) IndustryApplication of RF Dryers TextilesTextile packages, hanks, tops & loose fibers Post BakingEnergy saving, reduced process times, enhanced quality Food & SpicesReady-to-eat food products and spices CeramicsCeramics & thermally insulating materials Disinfestation & Sanitization High volume & continuous flow disinfestation and sterilization Defrosting and ThawingTempers for a uniform temperature profile Latex & FoamIncreased productivity Fiberglass & Basalt FiberQuality and complete drying of fiberglass & basalt fiber Web & Sheet DryingBook binding, matchboxes, coated paper & water-based inks and adhesives OthersWood laminates, pulp, leather, cosmetics & pharmaceutical ingredients FOODSTextilesOther Applications Post Baking Plant ProteinDisinfestationFiberglass INVESTOR PRESENTATION ----------------Page (27) Break---------------- EXPANDING KILBURN'S PRODUCT RANGE & MARKET PRESENCE Acquisition Details Perfect alignment with Kilburn’s strategic vision Adds significant capabilities to Kilburn's portfolio, positioning for accelerated growth Strengthens Kilburn’s market position and enhances offerings across key industrial sectors Integration of Monga Strayfield’s advanced RF drying and heating technologies enables innovative, high- performance solutions for diverse industries, creating new growth opportunities Monga Strayfield’s sheet metal fabrication expertise expands Kilburn’s international presence Broadens reach into industries such as textiles, packaged foods, Fiberglass & Basalt Fiber, among others Acquisition completion date 27th Jan 2025 Total Consideration | INR 1,230 mn Cash | INR 1,030 mn Equity Shares of Kilburn | INR 200 mn (0.47 mn shares @ INR 425/ share) Shareholding by Kilburn post acquisition 100% of MSPL’s share capital 28INVESTOR PRESENTATION ----------------Page (28) Break---------------- Kilburn Engineering Limited Consolidated ----------------Page (29) Break---------------- 30 OPPORTUNITIES FOR GROWTH ❖Bundling of KEL and MEE offerings to existing customer base ❖Energy Savings Systems & thermal equipment from MEE ❖Additional equipment/ Packages in existing sectors like soda ash, carbon black etc. ❖Spin Flash Dryer for Various applications ❖Belt/ Band/ Conveyor Dryers for various applications ❖Silos and Tanks ❖Other applications such as Biomass drying, waste-to-energy etc. ❖Granulator ❖ATFD (Agitated Thin Film Dryer) ❖RVPD (Rotary Vacuum Paddle Dryer) ❖Fluid Bed Calciner & Batch FBD ❖Rotary steam tube bundle dryer for DDGS. ❖Spray Dryer for various applications❖Material Handling ❖Radio Frequency Drying and Heating Solutions❖Sheet Metal Fabrication INVESTOR PRESENTATION ----------------Page (30) Break---------------- Anticipate continued substantial revenue growth in the upcoming years, driven by a strong flow of orders and a pending order book.
Explore new and niche areas of application with the help of our successful integration of world- class technologies, in addition to our primary sectors of Chemical, Petrochemical, Refinery, Oil & Gas, Power, Fertilizer, Food and allied industries.
Consolidated growth of ~50% in anticipated in FY26, followed by growth of CAGR 25–30% from FY27 onwards (on the base of FY26) & rolling enquires of more than ₹ 40,000 Million (on consolidated basis), which the company is at various stages of bidding/ evaluating.
Continue to enjoy cost advantages available to the Indian manufacturing industry, relative to global players, and will strive to make the best use of this opportunity.
Furthermore, we will continue to focus on both domestic and international markets.
31 ROBUST WAY FORWARD INVESTOR PRESENTATION ----------------Page (31) Break---------------- 32 PROFESSIONAL MANAGEMENT TEAM He holds the position of MANAGING DIRECTOR of the company, leveraging his academic background with a Bachelor's in Engineering (B.E.) and a Master's in Marketing.
His professional journey spans over 35 years, marked by invaluable experience in corporate management.
His most recent role as managing director underscores his pivotal responsibility for overseeing all aspects of the company's operations and strategic growth.
He serves as the WHOLE-TIME DIRECTOR (OPERATIONS) of the company, holding a degree in B.E.
(Production Engineering). His extensive career spans multiple sectors including Oil & Gas, Fertilizers, Power, and Chemicals.
Currently, he oversees all facets of operational delivery, encompassing production, quality assurance, engineering, procurement, subcontracting, as well as site erection and commissioning.
He is DIRECTOR & CTO at the company.
With a robust entrepreneurial background in thermal engineering, project management, and business development, he acquired business management skills at XLRI, Jamshedpur, and mechanical engineering expertise from Kerala.
Additionally, he pursued advanced management training at IIM Ahmedabad.
He established M.E Energy Pvt. Ltd. in Pune, successfully expanding it into a $10M enterprise serving clients worldwide.
He holds the position of VICE PRESIDENT (MARKETING) within the company, having achieved a Diploma in Mechanical Engineering.
With a tenure that spans since 1986, he brings extensive experience and expertise to his role.
He serves as the CHIEF FINANCIAL OFFICER of the company, having earned his Bachelor of Commerce degree.
He has been a valued member of the company since 1985. MR. RANJIT LALA Mr. Anil Karnad Mr. Vijaysankar Kartha Mr.M.R.KaziMr.
Sachin Vijayakar INVESTOR PRESENTATION ----------------Page (32) Break---------------- 33 ANNUAL STATEMENTS Income Statement & Balance Sheet (Standalone) Income Statement (₹ Mn)FY23FY24FY25 Revenue from Operations2,215.3 2,932.13,355.0 Expenses1,868.5 2,283.52,474.3 Cost of Material Consumed1,278.9 1,400.11,590.0 Subcontracting Charges168.9 250.1204.5 Changes in inventories of FG & WIP(54.3) 65.7(46.4) Employee Benefit Expenses187.9 262.3324.4 Other Expenses287.1 305.3401.8 EBITDA346.8 648.6880.7 Other Income146.6 33.825.0 Depreciation26.5 33.155.9 EBIT466.9 649.3849.9 Interest79.2 94.4114.8 PBT387.7 554.8735.1 Tax86.3 158.1186.9 PAT301.4 396.7548.2 Reported EPS8.6610.4712.24 Balance Sheet (₹ Mn)FY23FY24FY25 Assets:2,622.3 4,286.66,713.7 Non - Current Assets835.6 1,809.93,285.0 Property, Plant & Equipment429.1 506.2530.7 Intangible Assets2.3 2.45.7 Others Non - Current Assets404.2 1,301.32,748.6 Current Assets1,786.7 2,476.73,428.7 Inventories283.8 202.0312.1 Trade Receivables442.6 612.7738.7 Other Current Assets1,060.3 1,662.02,377.9 Equity & Liabilities:2,622.3 4,286.66,713.7 Equity1,055.0 2,435.24,539.9 Non-Current Liabilities531.5 532.3745.9 Borrowings531.5 532.3671.2 Other Financial Liabilities- -74.7 Current Liabilities1,035.8 1,319.11,427.8 Trade Payables254.4 260.5464.3 Other Current Liabilities781.4 1,058.6963.5 INVESTOR PRESENTATION ----------------Page (33) Break---------------- THANK YOU !
KILBURN ENGINEERING LTD. Plot No.6, MIDC Industrial Area, Saravali, Kalyan-Bhiwandi Road, Thane – 421 311. Website: www.kilburnengg.com KAPTIFY® Consulting Strategy & Investor Relations | Consulting Email: info@kaptify.in | + 91- 845 288 6099 Website: www.kaptify.in ----------------Page (34) Break----------------
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