The Kingfisher Ultra Indian Derby, or simply the Indian Derby, is an Indian annual Thoroughbred horse race. It is a 2,400-metre race held on the first Sunday of February on the Mahalaxmi Racecourse in Mumbai and is one of the premier sporting activities in the city.

Can we draw the following conclusion?
Kingfisher Ultra Indian Derby is the oldest horse race in Mumbai

Available options: (I) Yes. (II) It's impossible to say. (III) No.
(II)