Avtar Steel Limited

• Part-financing the capital expenditure towards construction of a facility, namely Specialty Steel Melting Division, for manufacturing special steel (alloy steel, carbon steel, valve steel), stainless-steel blocks and blooms, and expansion of stainless-steel wire at the existing facility, namely, Wire Rod and Bar Division₹2.00k Cr
• Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company₹2.00k Cr
• General corporate purposes

• Our Manufacturing Facilities are critical to our business operations. Any unexpected shutdown or slowdown of operations at our Manufacturing Facilities could have a material adverse effect on our business, financial condition and results of operations.(Operational)

• Our Manufacturing Facilities are located in the National Capital Region of Delhi and Haryana (NCR), a region with comparatively high levels of air pollution. We are subject to heightened scrutiny and stricter regulatory oversight. During periods of elevated air pollution, government-mandated restrictions in the NCR may necessitate temporary plant shutdowns or curtailed production hours under the Graded Response Plan (GRAP).(Regulatory)

• Our Hot Rolling and Cold Finishing Facility was subject to a temporary closure pursuant to a notice issued by CAQM in NCR from February 3, 2026 to March 12, 2026, due to operation of additional furnaces and errors in the stack emission reports submitted to CAQM. Our Company paid ₹ 0.98 million as environmental compensation charge.(Regulatory)

• There can be no assurance that measures taken to address compliance requirements and reduce emissions will be sufficient to prevent similar regulatory actions in the future.(Regulatory)

• Our Manufacturing Facilities are located in a single district in Haryana and our revenue from operations is concentrated in the North and West India regions. Any adverse changes in the conditions affecting the region can adversely impact our business, financial condition and results of operations.(Geographic)

• The concentration of all of our manufacturing operations in the north India region and a substantial portion of our sales operations in the north and west regions heightens our exposure to adverse developments related to local and regional factors, such as political uncertainty, changes in regulation by the state governments, adverse changes in availability of key inputs including labour and power, the outbreak of infectious diseases and other unforeseen events and circumstances, as well as the occurrence of natural and man-made disasters in these regions.(Geographic)

• Such disruptions could result in the impairment of a significant portion of our manufacturing capabilities, significant delays in the transport of our products and raw materials, adversely impact our ability to maintain capacity utilization levels and/or otherwise adversely affect our business, financial condition and results of operations.(Operational)

• Such disruptions, stoppages at our Manufacturing Facilities may severely affect our ability to meet our customers’ demand in a timely manner or at all and the loss of any one of our key customers or a significant reduction in demand.(Market)

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.