S. D. International Limited

• Repayment/prepayment, in full or in part, of certain borrowings availed by our Company₹70.0 Cr
• Funding of capital expenditure towards purchase of machinery and equipment by our Company₹51.0 Cr
• General corporate purposes

Except as disclosed in this section, there are no outstanding (i) criminal proceedings (including matters which are at FIR stage even if no cognizance has been taken by any court); (ii) actions taken by regulatory or statutory authorities; (iii) claims related to direct and indirect taxes (disclosed in a consolidated manner); and (iv) other pending litigations (including civil litigation or arbitration proceedings) as determined to be material as per the materiality policy adopted in accordance with SEBI ICDR Regulations and pursuant to the Board resolution dated September 11, 2026 in each case involving our Company, Subsidiary, Promoters and Directors (collectively, the “Relevant Parties”). Further, except as disclosed in this section, there are no disciplinary actions including penalties and show cause notices imposed by SEBI or the Stock Exchanges against our Promoters in the last five financial years preceding the date of this Draft Red Herring Prospectus including any outstanding action. Further, except as disclosed below, there are no outstanding (i) criminal proceedings (including matters which are at FIR stage even if no cognizance has been taken by any court) and (ii) actions taken by regulatory or statutory authorities, against any Key Managerial Personnel and Senior Management of the Company and no pending litigation involving our Group Companies which may have a material impact on our Company in the opinion of our Board. It is clarified that for the above purposes, pre-litigation notices received by Relevant Parties from third parties (excluding such notices issued by any statutory/ regulatory/ governmental/ taxation authorities) shall, unless otherwise decided by the Board, have not been considered as material until such time that the Relevant Parties are not impleaded as a defendant in the litigation proceedings before any judicial forum. Except as stated in this section, there are no material outstanding dues to creditors of our Company.

• We derive a significant portion of our revenue from operations from our top 10 customers (27.15%, 30.63%, and 35.44% in Fiscals 2026, 2025, and 2024, respectively) and repeat orders (87.89%, 87.37%, and 91.61% in Fiscals 2026, 2025, and 2024, respectively). Any loss of key customers, reduction in purchase volumes, or non-placement of repeat orders could adversely affect our business, results of operations, and financial condition.(Customer Concentration)

• We have significant dependence on our top suppliers for the supply of our principal raw materials, being Polypropylene (PP) Granules, Polyethylene Terephthalate (PET) Granules, master batch and packing material. Our top five and top ten suppliers accounted for 60.59% and 73.59%, 57.40% and 71.09%, and 76.68% and 86.63% of our total purchases in Fiscals 2026, 2025, and 2024, respectively.(Supplier Concentration)

• We have not entered into any long-term contracts with our customers or suppliers. Consequently, the discontinuation or non-renewal of such arrangements, or any deterioration in the financial condition or business outlook of these customers or suppliers, could reduce their demand for our products or our ability to procure raw materials and adversely affect our business, financial condition, results of operations, and cash flows.(Contractual Arrangements)

• The cost of materials consumed represented 58.59%, 64.08%, and 62.75% of our revenue from operations in Fiscals 2026, 2025, and 2024, respectively, reflecting the significant proportion of our cost base attributable to raw material procurement.(Raw Material Cost)

• Our manufacturing operations are primarily dependent on two key raw materials: PP granules and PET granules, which are petrochemical derivatives. Failure by our suppliers to meet their obligations could adversely affect our business, results of operations, financial condition and cash flows.(Raw Material Dependence)

• Our suppliers are not contractually obligated to supply raw materials to us and may, at their discretion, redirect their products to our competitors or other customers.(Supplier Reliability)

• We typically do not enter into long-term contracts with our customers, and business arrangements are generally based on purchase orders. Any failure to meet customer requirements, changes in their procurement policies, inventory cycles, demand patterns, or pricing preferences may result in reduced orders, delays, or cessation of business.(Customer Relationships)

• Any loss of business from our key customers, or a significant reduction in their orders or non-placement of repeat orders, could arise due to a variety of reasons, including our inability to meet product specifications, dimensional requirements, or quality standards; changes in packaging product preferences or material specifications adopted by customers; commercial disputes; adverse changes in their business or financial condition; mergers or acquisitions affecting their procurement strategies; a decline in consumer demand or production volumes in the end-use industries served by our customers; reduced or delayed customer requirements; labour strikes or other disruptions in their manufacturing or distribution operations; changes in government policies affecting such industries; and continued pricing pressures or shifts in sourcing strategies.(Customer Relationships)

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.