Glass Wall Systems (India) Limited

• Funding capital expenditure requirement for setting up of a glass processing unit (“GPU Project”) as part of planned backward integration of the Company at our Vile Bhagad Facility₹50.0 Cr
• General corporate purposes

Except as disclosed in the section, there are no outstanding (i) criminal proceedings (including matters at FIR stage where no / some cognizance has been taken by any court or any other judicial authority); (ii) all actions (including all penalties and show cause notices) by regulatory authorities and statutory authorities (including any judicial, quasi- judicial, administrative or enforcement authorities); (iii) claims and proceedings for any direct or indirect tax liabilities; or (iv) proceedings (other than proceedings covered under (i) to (ii) above) which have been determined to be material pursuant to the Materiality Policy (as disclosed herein below), involving our Company, Subsidiaries, Directors and Promoters (the “Relevant Parties”); and (iv) criminal proceedings (including matters at FIR stage where no / some cognizance has been taken by court or any other judicial authority) or actions (including penalties and show cause notices) taken by statutory and /or regulatory authorities (including judicial, quasi-judicial, administrative enforcement authorities) involving our Key Managerial Personnel and Senior Management.

• Our business is highly dependent on a limited number of key clients, with top 10 clients contributing 86.40%, 78.13% and 88.56% of revenue from operations in Fiscals 2026, 2025 and 2024, respectively. The loss of one or more of these clients could adversely affect our business prospects, results of operations, financial condition and cash flows.(Customer Concentration)

• We depend on a limited number of suppliers for raw materials and do not have long-term agreements with them. Volatility in raw material prices and shortages or disruption in their supply could adversely affect our business, results of operations, financial condition and cash flows.(Supplier Concentration)

• The cost of our product offerings is dependent on our ability to source raw materials, including aluminium extrusions, silicone and performance glass units, at acceptable prices and maintain a stable and sufficient supply.(Supply Chain)

• The price and availability of raw materials are subject to volatility and unavailability caused by various external conditions, including supply and demand dynamics, logistics and processing costs, inflation, governmental regulations and policies, overall economic conditions, production levels, market demand and competition for such materials, production, duties and taxes, tariffs and trade restrictions.(Raw Material Price Volatility)

• We cannot assure you that we will be able to maintain historic levels of business from our key clients, or that we will be able to significantly reduce client concentration in the future.(Customer Concentration)

• Our reliance on a few clients may also constrain our ability to negotiate our arrangements, which may have an impact on our profit margins and financial performance.(Customer Concentration)

• Any defaults or delays in payments by a major client or insolvency or financial distress of any major client may have an adverse effect on business prospects, results of operations, financial condition and cash flows.(Customer Concentration)

• We derive a portion of our revenue from our domestic façade business, which accounted for 48.88%, 46.64%, and 49.34% of our revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Any decline in demand for our domestic façade services could have an adverse impact on our business, results of operations, financial condition and cash flows.(Market Demand)

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.

• Glass Wall Systems (India) Limited - Addendum to RHP07 Sept 2026