Annual General Meeting22nd September 2016

GOCL Corporation Limited

With the demerger and transfer of the Lubricants Division to a separate listed company, Gulf Oil Lubricants India Limited, it was necessary to make a change in the name of your Company

On 12th October 2015, Your Company Name was changed to

GOCL Corporation Limited with a new logo

Change in Company’s Name

Market Capitalisation

- Unlocking Shareholders’ Value

675

1462

500

1000

1500

Market Cap. GOCL

2015

2016

117%

Rs.

in c

rore

s

Market Cap : Rs. 675 crores ( + GOLIL Rs. 2459 cr ) ( as on 23rd Sep 2015 )

Market Cap : Rs. 1462 crores ( + GOLIL Rs. 3495 cr ) ( as on 19th Sep 2016 )

@ Rs.136 @Rs. 484

@ Rs. 295 @Rs. 705

Investments in GOCL

Date : 25 May 201362

100No of

SharesMarket

Price

Investments 6200

GOCLDate : 19 Sep 2016

295

50No of

SharesMarket

Price

Investments 14750

GOLILDate : 19 Sep 2016

705

50No of

SharesMarket

Price

Investments 35250

Investments Returns20162013

Total Investment Rs. 6,200

% Gain 706 %

Unlocking Shareholders’ Value Price / value are in Rs.

Current value ofInvestment

Rs. 50,000

( Date of announcement of Demerger )

Promoter of the Company – increased

Shareholdings

Hinduja Power Limited, Mauritius (HPL) acquired the shareholding of the Company from the previous promoter (Gulf Oil International (Mauritius) Inc.) as part of internal restructuring during the earlier year

The promoter continued to reinforce their confidence in the long term prospects of the Company by increasing their shareholding to 69.87% (Previous year 64.94 %)

5

Debt Free

Your Company’s Long Term obligation is at Rs. 0.46 crore, to be paid over 2 years

Short term loans decreased from Rs. 9.36 crores to Rs. 3.19 crores during the year

ICRA rating from Stable to Positive

Your Company received improved Credit Ratings as follows :

Long term Rating- Outlook improved from [ICRA] BBB (stable)

to [ICRA] BBB (Positive)

Short term RatingReaffirmed to [ICRA] A3 +

The short Term Rating is to the captioned Line of Credit (LOC)Short term of the company reduced from Rs. 9.36 cr to Rs.3.19 cr

Overview of

Financial Performance

Financial Overview

Standalone Consolidated

Turnover : Rs. 108 cr Rs. 537 cr

EBIDTA : Rs. 29 cr Rs. 109 cr

PBT : Rs. 26 cr Rs. 39 cr

PAT : Rs. 18 cr Rs. 27 cr

EPS : Rs. 3.55 Rs. 5.43

26

39

0

10

20

30

40

50

Standalone Consolidated

PBT Rs. In Crore

Figures rounded off for presentation purposes

( Subsidiaries : IDL Explosives Limited, IDL Buildware, HGHL Holdings, Gulf Carosserie )

Year 2015-16

18

27

0

10

20

30

Standalone Consolidated

PAT Rs. In Crore

Divisionwise Performance

Energetics

Turnover : Rs. 74 crores ( Rs. 86 crores )( Includes Exports of Rs. 16 crores )

Price decline of 30% - 40% on specific products in the tender-driven domestic market

The Trade Market was sluggish( Sluggish activity in the infrastructure, irrigation and hydelsectors)

Detonator Production increased by 16% over previous year

Innovation, improved processes & products helped maintain contributions

61 58

2516

0

25

50

75

100

2015 2016

Exports Domestic

8674

Turnover

Energetics ( Contd… )

Focused on value added products such as Raydet, e-DET, Cord Relay and Boosters

The Company along with its subsidiary is servicing the large orders

- Coal India of Rs. 450 crores over 2 years- Singareni Collieries of Rs.152 crores over

2 years

In addition secured orders from large key coal companies in private sector

Raydet

Cord Relay

Energetics…

Caters to Defence and Space organisationrequirements, maintained a steady growth

New products were developed indigenously during the year as per the specifications provided by the customer

Gearing to provide critical support to Indian Defence and supporting “Make in India” initiative

Made a significant breakthrough in a major missile project of DRDO

Acquired technology from DRDO for several other projects

Special Products Group - SPG

( Major customers )

Mining & Infrastructure

Turnover : Rs. 20 crores (Rs. 19 crores )

7% growth in demand from the Coal sector

Demand from the metal-mining and limestone sectors continued to be stagnant

Policy announcements from Government and Supreme Court are awaited for receipt of orders from 2 major iron ore mines

Mining & Infrastructure

Focused in Eastern India with large Corporate for mining contracts

Infrastructure project in Visakhapatnam was completed during the year

Another infrastructure project in Bengaluruis under progress

IDL Explosives Limited

Wholly Owned subsidiary

IDL Explosives Ltd – WOS*

The Company manufactures cartridge explosives and bulk explosives

The WOS has 7 plants and 9 Regional / Marketing offices spread across the country

The manufactured products are mostly sold to institutional customers like Coal India and its subsidiaries , Public companies and large private companies

The Company also markets GOCL make Initiating Systems & Devices

* Wholly Owned Subsidiary

IDL Explosives - WOS

The Subsidiary was in innovation and expansion mode for last few years, and wiped out all its past losses

Several new products and processes have been developed and commercialised

Capacity utilisation has been improved and products have become competitive

Financial Overview

Rs. In crores

450

10.13 6.62

0

20

40

60

80

100

120

140

160

Turnover PBT PAT

IDL Explosives Limited

400

300

200

100

2015-16

Outlook for 2016 - 2017

Indian economy is expected to grow @ 7.5% during the year 2016-17

Infrastructure and automobiles will receive a renewed thrust, whichwould further generate demand for power and steel in the country

Structural reforms like Goods and Service Tax (GST), power sectorreforms , reforms in land acquisition and labour markets will play key rolein further increasing India’s growth potential

Outlook

The Central Government identified the Mining and Infrastructure sectors as the major focus areas of growth for the next few years

Mining contribution to GDP : 2.3 %

Domestic coal production is expected to remain steady

These factors are expected to boost demand for the products and services of the Company

Outlook ( Contd… )

Civil Explosives market is growing at around 7-8% per annum

The Indian demand for energetics / explosives products is directlyproportionate to the growth in the country’s coal mining, metalmining and infrastructure sectors

With growth of the Indian economy expected at 7.5% and increaseddemand for steel, power and minerals, demand pattern forexplosives and accessories is expected to grow steadily in coal andmetal sectors

Outlook

Energetics

1. Value added products like Electronic detonators and Non-Electric detonators and Boosters. Plan to expand business in Trade markets

2. Special Products for Defence & Space- Has several technology transfers from Defence Organisations in the pipeline

- Strategic partnerships to enable larger business in the Defence sector

3. Increased exports

Outlook

Energetics ( Contd… )

Focus Areas :

The mining scenario in the country is expected to grow at a healthy pace after nearly five years of downtrend due to regulatory issues of Mine Developer & Operator (MDO) mines

The Government is expected to clarify and modify policies relating to mine allocation/leases, regulation of mining activities and mineral exploration

A few actions are already visible but will take time to yield results

Outlook

Mining & Infrastructure

Division is already quoting / submitting expressions of interest forprojects over the last few months and expect to finalise a few ofsuch projects during the year

Looking forward to opportunities as a Mine Developer andOperator ( MDO )

With the Government focus on Infrastructure, the Division is indiscussions for larger infrastructure projects

Outlook

Mining & Infrastructure ( Contd… )

Realty Division

Realty Division

2015-16 Rs. 15.11 crores

2014-15 Rs. 13.48 crores

Figures rounded off for presentation purposes

Segment Revenue

2015-16 Rs. 14.63 crores

2014-15 Rs. 13.27 crores

Segment Profit

13.27

14.63

12.5

13

13.5

14

14.5

15

Segment Result2015 2016

Rs.in crores

In the “Ecopolis” project, located at Yelahanka, Bengaluru, out of the total built-up area of about 77.31 lakh sq. ft., the construction by the Developer Company ( “HRVL” ) has been completed to the extent of 14.54 lakh sq. ft.

Realty

Bengaluru

Block 3A / 3B& MLCP

Entrance

This comprises of one Main Building (Block 3) plus a Multi-Level Car Park (MLCP) space

The main trunk road within the site from Express way (NH-7) till Block 3A, 3B & MLCP is completed

Occupation Certificate for Block 3A / 3B and MLCP in the SEZ section received recently. Marketing of lease space is planned for 2016-17

Realty

Bengaluru ( Contd… )

Block 3A / 3B

Realty

Bengaluru ( Contd… )

Construction has been undertaken for the second Building (Block 2) of 10.06 lakhs sq. ft. comprising of 3 Basements, Ground Floor plus 10 Levels of Office floor

Civil works have been completed for three Basements and up to six floors

Construction work is in full swing

Block 2

Realty

Bengaluru ( Contd… )

Preconstruction approvals for start of construction work for third building (Block 4) been initiated

The Block 4 will have a built-up area of 6.33 Lakh sq. ft.

Fire – NOC has already been obtained

Building Plans are in the process of submission

Block 4

The Realty sector in Hyderabad has stabilised

Several residential projects have started mainly in city suburbs

Demand has shown slight improvement

Unabsorbed office space has started moving

Realty

Hyderabad

The Master Plan has been submitted to Greater Hyderabad MuncipalCorporation ( GHMC ) for obtaining approval

Commercial / IT/ ITES and Residential developments are being planned for the first phase of development

Realty

Hyderabad ( Contd… )

Realty

Hyderabad ( Contd… )

In the meantime, the Company has received Rs. 27.72 crores outof which Rs. 14.50 crores was received in the current year. Theseamounts are from the Developer for sale of TransferrableDevelopment Rights ( TDR ) to the Developer Company andtowards remission of Impact Fees required to be paid for high-risebuildings

Properties held by the Company, other than for factory and under development, are :

36

Location Area Estimated Value

Lands

Hyderabad 80 acres Rs. 500 cr

Bhiwandi 88 acres Rs. 610 cr

Visakhapatnam 0.5 acres Rs. 5 cr

Flats

Flats at Mumbai and Bengaluru Rs. 30 cr

Total Rs. 1145 cr

Property Holdings

Note : Valuations are indicative in nature

37

Strategic Investment in the last quarter of 2012 was through our 100%subsidiary, HGHL Holdings Limited, UK as sweat equity and is free of allobligations. The target company Houghton International Inc., USA hasreported a turnover of $782 million and adjusted EBIDTA of $125million as on 31 Dec 2015

The median multiple of Quaker Chemical Corporation in 2016, theclosest industry peer, is approx. 10.4x

The investment was made when the Company had a LubricantsDivision. With the demerger of the division the Company is seekingways to monetise this investment

Strategic Investment

In Conclusion

Given the current economic scenario and Governmentinitiatives for further energising the economy, the futurelooks encouraging. We expect positive impact as well asgrowth opportunities in the Mining, Infrastructuresectors of the economy for our 3 Divisions and ourWOS -- IDL Explosives Limited

Safe Harbor Statement

This document may include predictions, estimates or other information that might be consideredforward-looking. While these forward-looking statements represent current judgment on what thefuture holds, they are subject to risks and uncertainties that could cause actual results to differmaterially. GOCL disclaims any obligation to update / revise or publicly release any revision to theseforward-looking statements in light of new information or future events.

This material was used by GOCL Corporation Limited during an oral presentation; it is not acomplete record of the discussion. No part of this presentation is to be circulated, quoted, orreproduced for any distribution without prior written approval from GOCL Corporation Limited.

Thank you