Glass Wall Systems (India) Limited

• Funding capital expenditure requirement for setting up of a glass processing unit (“GPU Project”) as part of planned backward integration of the Company at our Vile Bhagad Facility₹50.0 Cr
• General corporate purposes₹4.6 Cr

Except as disclosed in the section, there are no outstanding criminal proceedings, actions by regulatory authorities, claims for tax liabilities, or proceedings determined to be material involving the Company, Subsidiaries, Directors, Promoters, Key Managerial Personnel, or Senior Management. The Board approved a Materiality Policy on August 20, 2025, defining materiality based on monetary thresholds or potential adverse effects. There were no disciplinary actions taken against Promoters by SEBI or any stock exchange in the five fiscals preceding the date of this Prospectus.

• Our business is highly dependent on a limited number of key clients, with top 10 clients contributing 86.40%, 78.13% and 88.56% of revenue from operations in Fiscals 2026, 2025 and 2024, respectively. The loss of one or more of these clients could have an adverse effect on our business prospects, results of operations, financial condition and cash flows.(Customer Concentration)

• We depend on a limited number of suppliers for our raw materials and do not have long-term agreements with them. Volatility in raw material prices and shortages or disruption in their supply could adversely affect our business, results of operations, financial condition and cash flows.(Supplier Concentration)

• The cost of our product offerings is dependent on our ability to source raw materials, including aluminium extrusions, silicone and performance glass units, at acceptable prices and maintain a stable and sufficient supply.(Raw Material Dependence)

• The price and availability of raw materials are subject to volatility and unavailability caused by various external conditions, including supply and demand dynamics, logistics and processing costs, inflation, governmental regulations and policies, overall economic conditions, production levels, market demand and competition for such materials, production, duties and taxes, tariffs and trade restrictions.(Raw Material Price Volatility)

• We cannot assure you that we will be able to maintain historic levels of business from our key clients, or that we will be able to significantly reduce client concentration in the future, all of which could have an impact on our business, results of operations, financial condition and cash flows.(Customer Concentration)

• Any decline in demand for our domestic façade services could have an adverse impact on our business, results of operations, financial condition and cash flows.(Market Demand)

• Any defaults or delays in payments by a major client or insolvency or financial distress of any major client may have an adverse effect on business prospects, results of operations, financial condition and cash flows.(Customer Credit Risk)

• Our reliance on a few clients may also constrain our ability to negotiate our arrangements, which may have an impact on our profit margins and financial performance.(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.

• Glass Wall Systems (India) Limited - Addendum to RHP07 Sept 2026
• GLASS WALL SYSTEMS (INDIA) LIMITED - RHP03 Sept 2026