Maharaja & Speedex India Ltd.

• Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company and its subsidiary from banks₹24.1 Cr
• Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility of our wholly-owned subsidiary₹21.4 Cr
• General Corporate Purposes

• The Company is dependent on a limited number of suppliers for the procurement of its key raw material, stainless steel, which is critical for the manufacture of its products. The contribution of the top 5 suppliers to total purchases was 65.76% in Fiscal 2026, 51.62% in Fiscal 2025, and 77.08% in Fiscal 2024. Any disruption in supply or deterioration of the relationship with such supplier(s) could have a material adverse effect on the business, results of operations and financial condition.(Internal)

• The Company is dependent on and derives a substantial portion of its revenue from a limited number of key customers. The contribution of the top 10 customers to total revenue from operations was 48.70% in Fiscal 2026, 33.05% in Fiscal 2025, and 46.12% in Fiscal 2024. Loss of relationship with any of these customers or delays or reductions in their orders may have an adverse effect on the business, results of operations, financial condition and cash flows.(Internal)

• The Company is dependent on a limited number of suppliers for the procurement of its key raw material, stainless steel. In the event that its primary supplier is unable or unwilling to continue supplying the Company, it may not be able to immediately secure alternative sources of supply on comparable commercial terms or at all. Identification, qualification and on boarding of new suppliers may involve additional time and cost, and there can be no assurance that substitute suppliers will meet the Company's quality standards, production timelines or pricing expectations.(Internal)

• The Company is dependent on a limited number of key customers. Any cancellation, delay or reduction in orders by such customers, or any deterioration in the commercial relationship with such customers, inability to agree on pricing or credit terms, or failure to renew or continue supply arrangements on commercially acceptable terms, may adversely affect the Company's ability to procure adequate quantities of stainless steel in a timely manner or at competitive prices.(Internal)

• The Company is dependent on a limited number of suppliers for the procurement of its key raw material, stainless steel. Any cancellation, delay or reduction in supplies by such suppliers, or any disruption, strike, lock-out, financial distress, operational failure, regulatory action or force majeure event affecting its business operations, could materially disrupt the Company's supply chain.(Internal)

• The Company is dependent on a limited number of suppliers for the procurement of its key raw material, stainless steel. Any such disruption could lead to production delays, inability to fulfil customer orders, increased raw material costs, loss of customers, and adverse impact on the Company's reputation, business, results of operations and financial condition.(Internal)

• The Company is dependent on a limited number of suppliers for the procurement of its key raw material, stainless steel. While the Company is diversifying its supplier base and evaluating additional vendors to reduce concentration risk, the effectiveness and success of such diversification efforts are not guaranteed. There can be no assurance that the Company will be able to meaningfully reduce its dependence on its key supplier in the near future or at all.(Internal)

• The Company is dependent on a limited number of key customers. The contribution of the top 10 customers to total revenue from operations was 48.70% in Fiscal 2026, 33.05% in Fiscal 2025, and 46.12% in Fiscal 2024. Names of customers have not been provided either because relevant consents for disclosure of their names were not available or in order to preserve confidentiality.(Internal)

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.