Coal Test Report                                           Coal Test Report                                           Coal Test Report
V.K. Coal                                                  V.K. Coal                                                  V.K. Coal
             GCV                                                        GCV                                                        GCV
  Date                            Moisture (%)   Ash (%)      Date                           Moisture (%)   Ash (%)     Date                            Moisture (%)   Ash (%)
                   (K. Cal./Kg)                                               (K. Cal./Kg)                                               (K. Cal./Kg)
 4/1/2023           3904               11.2       34.1      8/4/2023           3772               13.20      38.40    10/8/2023           4859               17.30      25.40
 4/2/2023           3843               10.70      38.6     8/12/2023           3817               12.00      35.40    10/8/2023           4794               18.20      28.20
 4/2/2023           3944               11.00      33.90    8/12/2023           3759               12.50      37.20    10/8/2023           4810               17.90      25.50
 4/3/2023           4023               10.90      32.90    8/15/2023           3775               12.60      39.00    10/8/2023           4826               18.80      25.30
 4/3/2023           3878               10.70      38.80    8/15/2023           3724               11.00      42.60    10/8/2023           4843               19.90      25.30
 4/4/2023           3908               10.40      37.30    8/15/2023           3745               10.40      41.80    10/9/2023           3857               20.00      36.60
 4/4/2023           3868               10.80      38.10    8/15/2023           3759               11.50      42.50    10/10/2023          4004               16.00      33.10
 4/7/2023           3900               10.30      35.10    8/15/2023           3752               11.60      42.30    10/10/2023          3928               16.00      33.50
5/22/2023           4781               10.30      28.00    8/19/2023           5040               9.17       30.92    10/10/2023          3841               15.00      35.10
 6/2/2023           4978               9.40       24.40    8/19/2023           5093               8.79       31.63    10/10/2023          3938               15.00      34.20
 6/3/2023           4983               8.90       23.40    8/19/2023           5015               9.89       32.65    10/11/2023          4890               15.40      22.00
 6/3/2023           4993               9.70       23.10    8/19/2023           4990               10.13      32.32    10/11/2023          4907               15.90      21.00
 6/3/2023           5009               9.10       22.50    8/23/2023           4500               11.60      28.10    10/11/2023          4802               16.10      25.00
 6/4/2023           4966               9.60       26.10    8/23/2023           4486               12.10      28.80    10/11/2023          4814               14.70      25.60
 6/5/2023           4998               9.80       23.00    8/23/2023           4530               9.40       27.70    10/12/2023          3918               14.30      34.70
 6/5/2023           4971               9.50       25.40    8/23/2023           4519               9.10       28.10    10/12/2023          4852               16.10      22.40
 6/6/2023           4958               9.90       26.20    8/23/2023           4452               11.80      28.40    10/12/2023          4886               15.90      21.90
 6/6/2023           4982               7.50       24.30    8/23/2023           4681               11.70      27.80    10/12/2023          4869               16.80      22.20
 6/6/2023           4977               8.80       25.90    8/24/2023           4586               12.40      27.90    10/12/2023          4913               16.30      21.60
 6/6/2023           4972               9.00       26.00    8/24/2023           4506               11.90      28.30    10/13/2023          4885               16.50      22.30
 6/6/2023           4962               7.90       26.10    8/25/2023           4557               12.10      27.50    10/13/2023          4858               15.10      23.00
6/11/2023           4970               6.90       25.90    8/25/2023           4523               12.30      28.20    10/13/2023          4907               16.10      22.00
 7/3/2023           3913               17.30      35.30    8/25/2023           4640               10.90      26.80    10/13/2023          4888               15.60      22.10
 7/4/2023           3918               16.50      35.20    8/25/2023           4588               11.70      27.10    10/14/2023          4941               16.30      22.10
 7/5/2023           3991               16.70      31.90    8/26/2023           4511               12.40      27.20    10/14/2023          4885               15.80      23.00
 7/5/2023           3877               16.60      36.40    8/26/2023           4533               12.00      27.40    10/15/2023          4889               16.10      24.40
 7/5/2023           3894               14.80      36.80    8/27/2023           4800               12.50      21.20    10/15/2023          4927               15.50      22.50
 7/5/2023           3967               16.20      32.50    8/27/2023           4695               11.30      25.80    10/15/2023          4893               15.90      23.20
 7/6/2023           3851               17.50      43.00    8/27/2023           4738               11.90      21.80    10/16/2023          4808               13.50      26.20
 7/7/2023           3965               16.80      38.30    8/27/2023           4617               12.20      26.50    10/16/2023          4800               15.20      24.10
 7/7/2023           4000               18.00      38.10    8/29/2023           4799               12.60      22.80    10/16/2023          4863               16.50      24.50
 7/7/2023           3539               17.30      44.00    8/29/2023           4638               12.50      28.10    10/18/2023          4916               11.80      22.80
 7/7/2023           3936               0.00       38.90    8/29/2023           4708               12.70      27.00    10/19/2023          4907               12.20      24.50
 7/8/2023           3966               19.10      37.50    8/29/2023           4780               12.30      24.40    10/19/2023          4936               12.70      24.40
7/11/2023           4028               19.60      36.30    8/29/2023           4765               12.20      25.60    10/19/2023          4899               12.10      24.90
7/12/2023           4026               20.00      36.00
                   4323.31                                                    4468.37                                                    4707.23
                      Coal Test Report                                           Coal Test Report
                           V.K. Coal                                                  V.K. Coal
             GCV                                                        GCV
  Date                            Moisture (%)   Ash (%)      Date                           Moisture (%)   Ash (%)
                   (K. Cal./Kg)                                               (K. Cal./Kg)
10/20/2023          4861               12.30      24.70    11/2/2023           4193               12.00      33.30
10/20/2023          4873               11.60      24.50    11/2/2023           4202               12.40      33.20
10/21/2023          4843               13.00      24.60    11/3/2023           3955               12.50      38.80
10/21/2023          4810               12.50      24.90    11/3/2023           4013               11.70      37.30
10/21/2023          4805               13.80      27.40    11/3/2023           3946               11.90      38.50
10/22/2023          4077               13.40      35.30    11/4/2023           4171               12.10      34.00
10/22/2023          4030               12.50      35.80    11/4/2023           4045               11.70      36.50
10/22/2023          4016               13.10      35.60    11/4/2023           3951               12.40      37.00
10/23/2023          4072               12.20      34.40    11/4/2023           4150               11.30      34.20
10/23/2023          3996               12.10      35.50    11/4/2023           4074               12.00      36.20
10/23/2023          4051               12.50      36.00    11/4/2023           3972               11.90      37.10
10/24/2023          4037               12.30      35.90    11/4/2023           4004               12.00      36.20
10/24/2023          4000               11.90      36.30    11/5/2023           4070               11.80      35.30
10/24/2023          4061               12.50      35.80    11/5/2023           4099               11.50      34.80
10/24/2023          4003               12.10      36.00    11/5/2023           3955               12.10      37.60
10/24/2023          4020               11.80      36.60    11/5/2023           4146               11.70      34.40
10/24/2023          4064               12.30      35.60    11/5/2023           4221               13.30      33.10
10/25/2023          4060               12.50      36.00    11/5/2023           4113               12.00      34.80
10/25/2023          4006               11.80      37.40    11/5/2023           4193               11.90      33.50
10/25/2023          4073               12.10      35.40    11/6/2023           4171               12.20      33.50
10/25/2023          4066               11.90      35.70    11/6/2023           4185               13.10      32.90
10/25/2023          4048               12.30      36.20    11/6/2023           4136               11.80      33.30
10/26/2023          4111               11.60      33.00    11/6/2023           4180               12.60      33.00
10/26/2023          3952               12.50      38.00    11/6/2023           4103               13.00      34.40
10/26/2023          4021               12.00      36.40    11/6/2023           4124               12.50      34.00
10/26/2023          4065               12.10      36.00    11/7/2023           4083               13.30      34.90
10/27/2023          4100               12.10      35.20    11/7/2023           4104               12.70      34.70
10/27/2023          4072               12.00      35.60    11/7/2023           4094               12.90      35.00
10/29/2023          4003               12.50      36.20    11/7/2023           4055               13.00      35.50
10/30/2023          4013               12.40      36.00    11/7/2023           4135               12.60      34.00
10/30/2023          4003               11.90      36.20    11/7/2023           4058               13.00      35.60
10/31/2023          4118               12.30      33.70    11/7/2023           4116               13.10      34.30
11/1/2023           4052               12.10      35.30    11/19/2023          3883               12.20      36.90
11/1/2023           4004               12.60      35.60    11/19/2023          3855               12.50      37.20
                   4158.41                                                    4081.03
                                                           V.K. Coal GCV Total Average        4347.67
                     Coal Test Report
                    D.A. Coal Agency
            GCV
  Date                           Moisture (%)   Ash (%)
                  (K. Cal./Kg)
6/26/2023          4736              8.30        26.90
6/26/2023          4666             10.70        27.50
6/27/2023          4506             14.40        26.80
6/27/2023          4610             13.70        28.40
6/28/2023          4818             11.20        25.40
6/28/2023          4968             10.70        20.70
7/2/2023           4956             24.10        20.20
7/3/2023           5077             11.00        20.40
7/4/2023           4991             13.80        20.80
7/5/2023           4956             17.20        21.40
7/5/2023           5030             15.60        20.60
7/6/2023           4955             17.90        22.20
7/8/2023           4982             18.10        20.80
7/8/2023           5009             21.10        20.40
7/10/2023          5145             19.30        19.40
7/11/2023          5256             16.50        18.00
7/11/2023          4957             16.20        22.10
7/19/2023          4976             20.20        19.90
7/20/2023          5009             16.80        19.80
7/25/2023          4956             16.10        20.00
7/25/2023          4951             14.40        20.50
7/26/2023          4942             12.10        21.70
7/26/2023          4925             12.10        22.00
7/27/2023          4923             12.10        22.50
7/28/2023          4921             12.30        23.00
7/28/2023          4930             12.10        22.00
7/31/2023          4998             11.30        20.00
8/1/2023           4889             12.10        25.00
8/1/2023           4921             11.80        23.40
              4929.62
                    Coal Test Report
             Kailash Coal & Coke Ltd.
           GCV
 Date                           Moisture (%)   Ash (%)
                 (K. Cal./Kg)
4/4/2023          3603             14.50        43.70
4/4/2023          3633             15.20        41.90
                      Coal Test Report
                    Shree Sai Urja Ltd.
             GCV
  Date                            Moisture (%)   Ash (%)
                   (K. Cal./Kg)
 7/4/2023           3890             11.50        42.80
 7/4/2023           3859             14.30        43.00
 7/4/2023           3897             13.50        42.60
 7/4/2023           3752             10.70        43.00
 7/4/2023           4015             12.10        39.20
8/22/2023           4417             11.60        36.70
8/22/2023           4180             15.00        37.60
8/22/2023           4346             14.20        37.30
8/22/2023           4413             11.40        37.10
8/22/2023           4045              9.40        42.90
8/22/2023           4482              0.00        42.90
 9/1/2023           4198             14.50        30.60
 9/1/2023           4250             14.40        28.90
 9/1/2023           4171             13.80        31.70
 9/1/2023           3980             14.50        34.00
 9/1/2023           4119             12.00        32.80
 9/1/2023           4124             11.70        33.40
11/19/2023          3746             14.70        36.30
11/19/2023          3806             15.30        36.00
               4088.95