Page 03 used this rule without pausing on it: देव + इन्द्रः → देवेन्द्रः. Read cold, आद्गुणः ("of आ, गुणः") does not even say what follows the आ, or that the two words must be in the same breath group. Nothing about it is wrong — it is simply not finished, and was never meant to be read alone.
What the page shows and what a reader must supply
Put back together: is what आद्गुणः actually says. Two words on the page, four needed to apply it — and every one of the other three is recoverable, because the corpus records exactly where each was last stated.