Alpine Texworld Limited

• Proposing to finance the cost of setting up a new weaving unit at Proposed Manufacturing Unit 3 to expand its production capabilities to produce Grey Fabric at Ahmedabad, Gujarat, India₹30.7 Cr
• Prepayment or repayment, in part or full of certain outstanding borrowings₹52.2 Cr
• General corporate purposes₹30.4 Cr

A. Litigation filed against our Company 399

• The substantial portion of our revenues has been dependent upon our top 10 customers for the Fiscal 2026, Fiscal 2025 and Fiscal 2024 which amounted to 2410.22 million, 1665.85 million and 1319.29 million which accounted for 70.33%, 70.19% and 71.86% of our revenue from operations for the respective years, with whom we do not have any firm commitments. The loss of any one or more of our top 10 customers would have a material adverse effect on our business, cash flows, results of operations and financial condition.(Customer Concentration)

• A significant portion of our top customers operate within the same textile hub and end-market, exposing us to correlated credit risk. Adverse developments in the cluster such as demand slowdown, regulatory changes, or liquidity stress could lead to simultaneous delays or defaults across multiple customers, increasing receivable days and working capital pressures. Such cluster-related disruptions may materially affect our cash flows, liquidity, and financial condition.(Customer Concentration)

• Our Company commenced operations at Manufacturing Unit 2 without obtaining Consolidated Consent and Authorization (CCA) from Gujarat Pollution Control Board (GPCB) and there is no assurance that similar non-compliances will not occur for our Proposed Manufacturing Unit 3. The Company was subject to regulatory scrutiny for delays in obtaining CCA for Manufacturing Unit 2 and any future lapses, whether due to operational, administrative, or technical reasons, could have a material adverse effect on the Company’s business, results of operations, and financial condition.(Regulatory Compliance)

• Our Company commenced operations on March 28, 2025 at Manufacturing Unit 2 prior to obtaining the requisite Consolidated Consent and Authorization (CCA) under the Water (Prevention and Control of Pollution) Act, 1974, the Air (Prevention & Control of Pollution) Act, 1981 and the Hazardous and Other Wastes (Management and Transboundary Movement) Rules, 2016 from the Gujarat Pollution Control Board (GPCB). Subsequently, our Company made an application dated September 19, 2025 to the GPCB for obtaining the CCA for Manufacturing Unit 2. The Company was subject to regulatory scrutiny due to delays in obtaining CCA for Manufacturing Unit 2 (Spinning Unit), to regularize the non-compliance, our Company made a payment of 1.98 million to the GPCB. Subsequently, our Company received the CCA on January 16, 2026, and we cannot assure you that the authorities will not initiate inquiries or any other enforcement actions in the future.(Regulatory Compliance)

• Any failure to obtain, renew or comply with such approvals, or any delay therein, may result in regulatory actions, including penalties, suspension or closure of operations, delays in commissioning of Proposed Manufacturing Unit 3, financial liabilities or reputational harm could materially and adversely affect our business, financial condition, results of operations and cash flows.(Regulatory Compliance)

• We are exposed to payment delays and/or defaults by our major customers and our financial position and financial performance are dependent on the creditworthiness of our customers. There is no guarantee that all or any of our customers will honor their outstanding amounts in time and whether they will be able to fulfill their obligations, due to any financial difficulties, cash flow difficulties, deterioration in their business performance, or a downturn in the global economy.(Credit Risk)

• We may be subject to working capital risks due to delays or defaults in payment by clients, which may restrict our ability to procure raw materials and make payments when due. Such defaults/ delays by our customers in meeting their payment obligations to us may have a material effect on our business, financial condition and results of operations.(Credit Risk)

• In order to retain some of our existing customers, we may also be required to offer favorable terms to such customers which may place restraints on our resources.(Customer Concentration)

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.

• ALPINE TEXWORLD LIMITED - RHP09 Jul 2026