Varmora Granito Limited

• Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by: a. our Company; and b. our wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), through investment in such Subsidiaries₹245 Cr
• General corporate purposes₹48.0 Cr

Except as disclosed in this section, there are no pending: (i) criminal proceedings (including first information reports (“FIR”)); (ii) actions by statutory and/or regulatory authorities (including all outstanding penalties and show cause notices); (iii) claims relating to direct and indirect taxes, in a consolidated manner; or (iv) any other pending litigation, including civil/arbitration/tax proceeding which have been determined to be material pursuant to the Materiality Policy, each involving the Company, Subsidiaries, Directors or Promoters. Further, except as disclosed in this section, there are no pending criminal proceedings or actions issued by statutory and/or regulatory authorities involving Key Managerial Personnel or Senior Management. The Board has adopted a Materiality Policy to identify material outstanding litigation. The Threshold for determining material pending litigation is ₹ 21.80 million. Pre-litigation notices received by Relevant Parties, KMPs, Senior Management or Group Companies from third parties (excluding notices issued by statutory or regulatory or governmental or taxation authorities) or police complaints, unless otherwise decided by the Board, shall not be considered as outstanding litigation until impleaded as a party. There are no disciplinary actions (including penalties imposed) imposed by SEBI or a stock exchange against Promoters in the last five Fiscals. There are no pending litigations involving Group Companies which may have a material impact on the Company. There are no findings/observations of any inspections by SEBI or any other regulator involving Relevant Parties which are material. Except as stated in this section, there are no outstanding material dues to creditors.

• A significant portion of our revenues (81.72% of total revenue from operations in Fiscal 2026) is derived from our in-house manufacturing facilities, and any delay, shutdown, or interruption in these facilities may significantly and adversely affect our business, financial condition, cash flows and results of operations.(Manufacturing)

• A substantial portion of our revenue (73.98% of total revenue from operations in Fiscal 2026) is derived from the sale of glazed vitrified tiles (GVT) and technical products, and any slowdown in the demand for these products could have a material adverse effect on our business, financial condition, cash flows and results of operations.(Market Demand)

• All our manufacturing facilities (operated through our Company and Subsidiaries) and the manufacturing facilities of our third-party contract manufacturers are situated in Morbi, Gujarat, India, and any disruption in the Morbi region, including agitations, accidents, system failures, natural disasters, or changes in government policies, may significantly and adversely affect our business, financial condition, cash flows and results of operations.(Geographic Concentration)

• We operate all our exclusive brand outlets (EBOs) and multi brand outlets (MBOs) through a franchisee model, and any disruption in the operations of our franchisees, or their failure to comply with our standards, could adversely affect our brand reputation and business.(Distribution)

• We are dependent on third-party contract manufacturers, and as of March 31, 2026, we engaged 304 third-party contract manufacturers, which are critical to our operations, and any shutdown or interruption in the operations of any of these contract manufacturers could significantly and adversely affect our business, financial condition, cash flows and results of operations.(Supply Chain)

• We have an extensive retail distribution network and derive a significant portion of our revenue from operations from our B2C retail chain (accounting for 66.80% of our total domestic sales in Fiscal 2026), and any disruption in the operations of our retail chain could adversely affect our business, financial condition, cash flows and results of operations.(Distribution)

• We are subject to a regulatory environment in India which may differ significantly from that in other jurisdictions, and changes in laws and regulations, including environmental, health and safety regulations, could result in the loss of licenses, certifications and permits, and the resulting loss of authorization to operate our facilities.(Regulatory)

• We are dependent on the availability of natural gas, and any disruption in the supply of natural gas or an increase in its price could adversely affect our production costs and results of operations.(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.

• Varmora Granito Ltd. - DRHP22 Sept 2026
• Varmora Granito Limited - RHP16 Sept 2026
• Varmora Granito Limited - Addendum to DRHP18 Jun 2026