Stalwart People Services India Limited

• Funding working capital requirement of our Company₹650 Cr
• Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company₹400 Cr
• General corporate purposes

Except as stated below, there are no outstanding (i) criminal proceedings, (ii) actions by regulatory and statutory authorities, (iii) disciplinary actions against promoters in the last five financial years, (iv) outstanding claims and proceedings related to direct and indirect taxes, and (v) other pending litigations involving the Company, its promoters, its directors and its subsidiaries. Pending litigation is considered material and disclosed if the aggregate amount involved exceeds ₹6.66 million or if the outcome would materially and adversely affect the Company's business, prospects, performance, operations, financial position, reputation or cash flows. The Company shall also disclose all outstanding criminal proceedings and actions by regulatory authorities against key managerial personnel and senior management, and outstanding litigation involving group companies that has a material impact on the Company.

• A significant portion of revenue is derived from South India, which accounted for approximately 78.30%, 85.60%, 87.28% and 82.14% of total revenue from operations in the nine months period ended December 31, 2025 and for the Fiscal years 2025, 2024 and 2023, respectively.(Geographic Concentration)

• Background verification procedures on on-site employees may not always be adequate and certain discrepancies may go undetected, potentially resulting in an adverse effect on reputation, cash flows, results of operations and business prospects.(Operational Risk)

• Any failure to scale, maintain, upgrade, or secure the AI-based video surveillance platform, Intelisenz, may adversely affect business prospects, results of operations and financial condition.(Technology Risk)

• The Intelisenz platform has not been tested across a large and diverse customer base, and there can be no assurance that the platform will perform as intended at greater scale or across varied operational environments.(Technology Risk)

• The AI-based video surveillance platform processes and stores video feeds on cloud infrastructure, and there can be no assurance that controls can prevent, counter, or respond to breaches or improper disclosures in a timely manner.(Technology Risk)

• We have a large workforce of 23,854 on-site employees deployed across 2,752 client sites, limiting our ability to control the workplace environment.(Operational Risk)

• We may be exposed to service-related claims and losses or employee disruptions, as well as employee related regulatory risks.(Operational Risk)

• The AI-based freshness monitoring solutions and real-time operational data capture capabilities utilising heat mapping and motion-path analysis have not yet been commercialised and do not currently contribute to revenue from operations.(Technology Risk)

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.