BLS Polymers Limited

• Financing the capital expenditure requirement towards expansion of our Manufacturing Facility by increasing the manufacturing capacity of certain of our existing products₹77.6 Cr
• Funding working capital requirements of our Company₹89.5 Cr
• General Corporate Purposes

As on the date of this Red Herring Prospectus, there are no criminal litigations against our Company. There are 430 actions taken by Statutory/Regulatory Authorities.

• The Company derives a significant portion of its revenue (80.49% to 81.59% in Fiscal 2024 and Fiscal 2026) from the sale of wire and cable polymer compounds. Any reduction in demand for such products or a downturn in the wire and cable industries may have an adverse impact on the business, results of operations, financial condition and cash flows.(Business Related Risks)

• The Company's business largely depends on its top 10 customers, which contributed 50.52% to 66.81% of revenue in the last three fiscals. The loss of any of these customers could have a material adverse effect on the business, financial condition, results of operations and cash flows.(Business Related Risks)

• The Company's success is dependent upon the success of the wire and cable industries and the performance of its customers' products. In the event of a shift where end-use customers integrate operations by setting up manufacturing units for required raw materials, it may have an adverse impact on the business and results of operations.(Business Related Risks)

• The Company's success is also dependent upon its ability to diversify and grow its operations, retain existing customers and expand its customer base. Any failure to successfully expand and diversify operations could adversely affect the business, financial condition, cash flows and results of operations.(Business Related Risks)

• The Company's customers typically place orders based on internal requirements, which depend on factors such as price fluctuations, capacity limitations, demand of end products, and dynamic industry trends. On account of changing customer demand, the Company may not receive consistent volume of orders from its top five and top ten customers.(Business Related Risks)

• There is no assurance that despite exit barriers such as high switching costs, dependence on tailored solutions, confidentiality, and intellectual property risks, the Company will be able to retain its existing key customers or maintain the current level of business from them.(Business Related Risks)

• The Company relies heavily on revenue generated from the sale of polymer compounds used in the wire and cable industries. Any failure to successfully expand and diversify its operations, specifically in developing polyethylene pipe coating and adhesives for 3LPE applications, could adversely affect the business, financial condition, cash flows and results of operations.(Business Related Risks)

• The Company's customers include Advance Cable Technologies Private Limited, Mantram Industries Private Limited, Ratnamani Metals & Tubes Limited, Tirupati Plastomatics Private Limited and Venkateswara Wires Private Limited. The names of the remaining customers have not been disclosed because their consents are not available.(Business Related Risks)

• BLS Polymers Ltd. - DRHP27 Oct 2026