Shanti Inorganics Ltd.

• Part funding the capital expenditure towards setting up a new facility for manufacturing of sodium meta bisulphite, sodium bisulphite powder and ammonium bisulphite situated at Bavla, Ahmedabad, Gujarat₹42.5 Cr
• General Corporate Purposes

As on the date of this Prospectus, there are no outstanding criminal proceedings initiated against our Company.

• A substantial portion of revenue is derived from the food and beverages, oil drilling, and chemical industries, which collectively accounted for more than 65% of revenue from operations for the two months ended May 31, 2026 and Fiscal 2026, Fiscal 2025, and Fiscal 2024.(Customer Concentration)

• Revenue from the top one customer was 11.23% of total revenue from operations for the two months period ended May 31, 2026, while revenue from the top five customers was 45.02% and revenue from the top ten customers was 71.03%.(Customer Concentration)

• The company generally does not enter into long-term supply agreements with the majority of its customers, with sales primarily governed by purchase orders issued by customers on a transactional basis.(Customer Concentration)

• The food and beverages industry is influenced by evolving consumer demand, regulatory requirements, product safety standards, and macroeconomic conditions such as inflation and disposable income.(Industry Specific)

• The oil drilling industry is inherently cyclical and impacted by global crude oil prices, exploration and production activity and geopolitical developments.(Industry Specific)

• The chemical industry is subject to volatility in raw material prices, energy costs, technological shifts, and global trade dynamics.(Industry Specific)

• The company has not faced any instances in the past where it incurred loss of revenue due to high customer concentration, but any decrease in demand for products from top one, five, or ten customers could adversely impact business operations.(Customer Concentration)

• Demand for products is linked to the performance of end-use industries such as food and beverages, chemicals, oil drilling, pharmaceuticals, ceramics, agrochemicals, water treatment, petrochemicals, cosmetics, paints, polymers, boilers and mining.(Industry Specific)

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.