BLS Polymers Ltd.

• 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. Actions taken by Statutory/Regulatory Authorities 430

• The Company derives a significant portion of its revenue (73.20% in the three months ended June 30, 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 would have a material adverse effect on the business, financial condition, results of operations and cash flows.(Business Related Risks)

• The Company's business largely depends on its top 10 customers, which contributed 61.34% of revenue in the three months ended June 30, 2026. 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. Any failure to successfully expand and diversify its operations could adversely affect the business, financial condition, cash flows and results of operations.(Business Related Risks)

• The Company relies heavily on revenue generated from the sale of polymer compounds used in the wire and cable industries. 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 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 volumes of orders.(Business Related Risks)

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

• The Company's business largely depends on its top 10 customers. Risks include reduction, delay or cancellation of orders, failure to renew contracts, failure to renegotiate favourable terms, or the loss of these customers entirely.(Business Related Risks)

• The Company's business largely depends on its top 10 customers. Risks include adverse change in the financial condition of these customers, decline in their sales, plant shutdowns, labour strikes or other work stoppages affecting production of these customers.(Business Related Risks)

• BLS Polymers Limited – RHP19 Oct 2026