Manika Plastech Ltd.

• Funding the capital expenditure towards purchase of plant and machinery₹54.9 Cr
• Repayment and/or pre-payment, in part or full, of certain borrowings availed by our Company₹15.0 Cr
• General Corporate Purposes

Except as disclosed in this section

• About 58%-69% of our operating revenue came from our top five customers, and about 76%-79% from our top ten customers. The loss of any of these top customers could have a material adverse effect on our business, financial condition, results of operations and cash flows.(Customer Concentration)

• About 54% - 68% of our revenue from operations was derived from the sale of battery casings during the three month period ended June 30, 2026 and the preceding three Fiscals. Any significant loss of sales in our battery casings could have an adverse effect on our business, financial condition, results of operations and cash flows.(Product Concentration)

• We derived about 93%-98% of our revenue from operations from repeat customers in the three month period ended June 30, 2026 and the preceding three Fiscals. Any loss of, or a significant reduction in the repeat customers or revenue generated from them could adversely affect our business, results of operations, financial condition and cash flows.(Customer Concentration)

• We typically set up our Operating Facilities or warehouses in proximity of our key customers' manufacturing units. The success of these facilities is dependent upon the success of the business operations of these key customers. Any disturbance in the manufacturing operations of our customers or a downturn in their operations could have a direct impact on the demand of our products and our business operations.(Operational Risk)

• Our revenues from battery casings during the three month period ended June 30, 2026 and the preceding three Fiscals has been fluctuating. A reduction or fluctuation in the demand of our battery casing products, may have an adverse impact on our business, results of operations and financial condition.(Product Concentration)

• Our top ten customers include Livguard Energy Technologies Private Limited, Luminous Power Technologies Private Limited, Genus Innovation Limited, Grasim Industries Limited, JSW Paints Limited, Kansai Nerolac Paints Limited, Indigo Paints Limited, Unique Energos Private Limted, TVS Motor Company Limited and HSD Batteries (India) Pvt. Ltd., among others.(Customer Concentration)

• The balance manufacturing capacities are allocated towards executing orders received from our other customers. Any disturbance either in the manufacturing operations of our customers or in the industry in which they operate or any downturn in the operations of our customers, due to any internal or external factors, could in turn have a direct impact on the demand of our products and our business operations.(Operational Risk)

• While we believe that replacing an existing supplier presents significant exit barriers for our customers, which include high switching costs, dependence on tailored solutions, confidentiality, and intellectual property risks, among others, there can be no assurance that despite such exit barriers, we will be able to retain our existing key customers or maintain the current level of business from them.(Customer Concentration)

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.

• Manika Plastech Limited - Prospectus17 Sept 2026
• Manika Plastech Limited - RHP07 Sept 2026