Dear Stakeholders,

I hope this message finds you in great health and positivity.

With the honest intent to inform you all about the progress we have made in the year gone by, I am glad to present to you CTIL’s Integrated Annual Report. With a resilient performance this year despite the global slowdown and the strategic initiatives we took in response, we fortified the business across the verticals of Pulp and Paper, Real Estate and Textiles. Through planning, acumen, and a foresight for the future reflected in an EBITDA ₹ 376.60 Crores, our business sustained its travel on the growth trajectory. Concurrently, our firmly established Environmental, Social, and Governance (ESG) principles infused stability in the Company, positively affecting the financials to create a noteworthy value for stakeholders.

CTIL is a 125-year-old rich legacy built under the leadership of Mr. B. K. Birla. Today, as I write to you all, I am proud to say that we are one of the most trusted brands in the country. We have an unwavering focus on quality, innovation, sustainability across all our business verticals, and are a “Force for Good”, overall. We have a state-of-the-art textile processing house, the largest manufacturing facility for pulp and paper under one roof and are home to the real estate arm of Aditya Birla Group. I believe that although external market conditions can affect us, they undoubtedly cannot move us. We strive to deliver the best quality that our customers deserve not by order, or not for a price, but as a conscious choice. With a choice made with a heart and with a sense of conscientiousness the Company is in good state to capitalise on market opportunities combined with agility and customer centricity. However, all this would not have been and will not be possible without the support, strength, and determination of our workforce which unfailingly delivers quality, as a choice and habit.

Moving to the critical factor of ESG, I would like to reiterate that our obligation to the environment, the communities and our governance practices as a law-abiding Company is not independent of our approach to business as a commercial enterprise. We have aligned our business and ESG strategy in line with ABG Group’s long-term goals. Sustainability is a critical piece in the business puzzle, globally. A credible ESG proposition gives CTIL a sense of purpose to deliver better to each of its stakeholders. In fact, I view sustainability as the only tool to remain relevant and make progress via which investors receive what they give and more. Going forward, the Company will be working to fine-tune and adjust the ESG strategy to the changing trends and demands while setting commanding targets for itself.

Our real estate business segment, Birla Estates, marked its entry into the realty sector in 2016 with the aim to deliver exceptional and premium home and office spaces. Business in the real estate space requires adherence to statutory law and regulations to add value to the environment and society, in general. As of today, Birla Aurora, a key real estate project in Worli, Mumbai has completed a 100% transition to green energy. Birla Centurion in the same area in the city has achieved a 38% shift to green energy. This has resulted in a 43% reduction in CO₂ emissions in our commercial properties. On the social front in this real estate vertical, CTIL organised a five-day training, testing and certification programme for workers from different trades, such as carpenter, fitter, scaffolder, welder, and electrician, conducted by trained experts from the Construction Industry Development Council (CIDC). The programme aimed to enhance the capabilities of the workers, improving their overall work performance and employability.

Our pulp and paper business segment, Century Pulp and Paper (CPP) has performed well this year, achieving higher production levels and sales volumes with a decisive strategy. Over the year, this business has remained committed to the core values of CTIL and worked to ensure that it maintains its leadership position in the pulp and paper industry. A good balance between commercial success and social and environmental responsibility has been the key to success for this business. The business segment desires to be wood positive by increasing plantations each year, slicing off the external reliance to procure wood to meet the total wood requirement. It is imperative for CPP to ensure a consistent supply from a long-term perspective. The Social Forestry Initiative, which began last year in CPP and involves planting samplings, will help us secure a reliable supply of raw materials. In continuation of that, CPP has a target of planting one million trees in the current financial year, and a target of 1.5 million trees by FY 2026-27. This initiative will grip the debilitating issues around raw material sourcing and distribution.

As we traverse the new ways of business being a “Force for Good”, I humbly invite you all to read our report which captures our story so far. This Report is a testimony to our commitment to the business, and more importantly, to the delivery. We hope that is equivalent to the value you as a stakeholder attach to our growth as a business. I would personally like to thank our employees, customers, investors, and each of our value-chain partners who have weaved us all into an unblemished fabric of solidarity.

Wishing you all the best.

Sincerely,

R.K. Dalmia

Managing Director