B S Sponge Limited

• Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by our Company₹650 Cr
• General corporate purposes

Criminal proceedings against our Company: Nil. Criminal proceedings by our Company: Our Company through one of its employee, has filed a

• All manufacturing operations are carried out at a single Manufacturing Facility located in Raigarh, Chhattisgarh, spread across approximately 47.19 hectares, supported by a 67 MW captive power plant. Any disruption at this facility or adverse developments affecting the region could have a material adverse effect on the business, results of operations, cash flows and financial condition.(Operational)

• The business is susceptible to local and regional factors, including economic and weather conditions, natural disasters, political or demographic changes, adverse regulatory developments, civil unrest, labour disputes, and other unforeseen events. Any adverse changes in conditions affecting Chhattisgarh, including changes in state government policy, regulatory actions, or environmental developments, could materially and adversely affect the business.(Operational)

• The business is dependent on third-party suppliers for the procurement of key raw materials, including coal, iron ore, iron ore pellets and manganese ore. An increase in the cost of, or a shortfall, delay or disruption in the availability or supply of these raw materials could have a material adverse effect on the business, results of operations, profitability and margins, cash flows and financial condition.(Supply Chain)

• The cost of raw materials consumed constituted 73.67%, 74.03% and 68.41% of revenue from operations in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. An increase in the prices of raw materials could increase working capital requirements, requiring additional funds to procure raw materials at higher prices.(Financial)

• The business is significantly dependent on the ability to source coal, iron ore, iron ore pellets and manganese ore in a timely and cost-efficient manner. The top 10 suppliers represented 68.91%, 75.91% and 78.92% of raw materials purchased in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Any loss of suppliers or interruptions in the timely delivery of raw materials or volatility in their prices could have an adverse impact on the business, financial condition and results of operations.(Supply Chain)

• The business may experience volatility in the cost or availability of raw materials due to factors including market price fluctuations, changes in Government policy, supply chain disruptions, weather conditions, production capacity constraints at supplier facilities, and changes in regulatory or environmental requirements applicable to mining and supply of these raw materials.(Supply Chain)

• Raw materials such as coal, iron ore and iron ore pellets are used to manufacture sponge iron in-house, a portion of which is captively used to manufacture other products. Manganese ore is used to manufacture Ferro Alloys in-house, a portion of which is also captively consumed to manufacture other products. Where the prices of such raw materials increase significantly, the company may not be able to pass on such additional costs to customers due to various factors including the demand and supply dynamics and competition in the market.(Financial)

• Raw materials are required to be of a certain quality. In the event the company does not adhere to the quality control processes, it may have to reduce the quantity of its sales or face product liability claims, thereby having an adverse impact on the business, results of operations and financial position.(Operational)

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.