Kusumgar Limited

• carry out the Offer for Sale of 15,521,698 Equity Shares of face value of ₹ 1 each aggregating to ₹6,500 million by the Promoter Selling Shareholders which constituted 14.78% of the pre-Offer Equity Share capital of the Company, subject to finalisation of the Basis of Allotment
• achieve the benefits of listing the Equity Shares on the Stock Exchanges

Except as stated below, as on the date of this Prospectus, there are no other outstanding (i) criminal proceedings (including matters which are at FIR stage whether cognizance has been taken or not by any court or judicial authority) involving our Company, Subsidiaries, Directors or Promoters (“Relevant Parties”) and Key Managerial Personnel and Senior Management; (ii) actions taken (including any orders passed or show cause notices issued) by regulatory authorities and/or statutory authorities (including any judicial, quasi-judicial, administrative authorities or enforcement authorities) involving the Relevant Parties and Key Managerial Personnel and Senior Management; (iii) claims related to direct and indirect taxes involving the Relevant Parties, in a consolidated manner; and (iv) other litigations involving the Relevant Parties (including civil litigation / arbitration proceedings) which has been determined to be material pursuant to the Materiality Policy (as disclosed herein below) or (v) litigations involving our Group Company which may have a material impact on our Company. Further, as on the date of this Prospectus, there are no disciplinary actions (including penalties imposed) by SEBI or recognized stock exchanges, against our Promoters in the last five Fiscals immediately preceding the date of this Prospectus including any outstanding action.

• Our business is highly dependent on Aerospace and Defence Fabrics, Aerospace and Defence Solutions, and Industrial and Automotive Fabrics, which contributed 79.07% of revenue from contracts with customers for Fiscal 2026.(Revenue Concentration)

• Our top 10 customers contributed 59.52% of our revenue from contracts with customers for Fiscal 2026, exposing us to significant customer concentration risk.(Customer Concentration)

• Our top customer contributed 11.13% of revenue from contracts with customers for Fiscal 2026, and the top 5 customers contributed 45.38%.(Customer Concentration)

• We generally do not have long-term agreements with our customers, and we did not have long-term agreements with any of our top 10 customers for Fiscal 2026, 2025, or 2024.(Customer Concentration)

• All six of our manufacturing facilities are located in the state of Gujarat, making our operations susceptible to local and regional factors such as economic conditions, weather, natural disasters, and political changes.(Geographic Concentration)

• Any significant social, political, economic, seasonal disruption, natural calamity, or civil disruption in Gujarat could adversely affect our business, results of operations, financial condition, and cash flows.(Geographic Concentration)

• Since April 1, 2023, we have not conducted supply disruption stress testing, and there is no assurance that such testing will be able to accurately predict future events.(Operational Risk)

• Our revenue from Aerospace and Defence Fabrics decreased in Fiscal 2026 compared to Fiscal 2025 primarily due to a large order received in Fiscal 2025 that was not re-ordered in Fiscal 2026.(Operational Risk)

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.

• KUSUMGAR LIMITED - RHP02 Jul 2026