Please find enclosed hereby Investor Presentation- May, 2025.

Rudra Ecovation filed its May 2025 investor presentation with BSE, revealing its pending merger with Shiva Texfab (already filed with BSE, awaiting SEBI and BSE approval at a swap ratio of 0.213 Shiva Texfab shares for every 1 Rudra Ecovation share). On a combined basis, FY24 revenue was INR 424.73 crore at 10.46% EBITDA margins, but FY25 provisional numbers show revenue of INR 420 crore with EBITDA margins dropping to 7.72%. Management is guiding EBITDA margins to 16-17% and revenue potential of INR 1,700 crore once 100% of expanded capacity is utilised, targeted by FY27. Major capacity expansion is well underway, doubling washing lines (200 to 400 MT/day), filament yarn (24 to 48 MT/day), and increasing fibre capacity from 125 to 225 MT/day, though some delays were acknowledged and acoustic panel capacity has been deferred. The company has begun receiving commercial orders for its Anaura sustainable upcycled fabric from brands including Shell & Ferrari, Monte Carlo, and Octave.