Manika Plastech Limited

• 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₹11.7 Cr

Except as disclosed in this section, there are no outstanding (i) criminal proceedings, including such matters which are at the first information report (“FIR”) stage even if no/ some cognizance has been taken by any court or any other judicial authority; (ii) actions (including all penalties and show cause notices) by regulatory and statutory authorities, including notices by such authorities and any findings/observations or warning letters of any of the inspections by SEBI or any other regulatory authority involving the Relevant Parties, which are material and which need to be disclosed or non-disclosure of which may have bearing on the investment decision in relation to the Offer; (iii) claims related to direct and indirect tax matters (disclosed in a consolidated manner); and (iv) other pending litigation (including civil litigation and/or arbitration proceedings) as determined to be material by our Board pursuant to its resolution dated August 26, 2026 (“Materiality Policy”) in each case involving our Company, Subsidiary, Promoters and Directors (“Relevant Parties”). Further, there are no disciplinary actions including penalties imposed by the SEBI or the stock exchanges against our Promoters in the last five Fiscals including any outstanding action. Further, except as disclosed in this Prospectus, there are no outstanding, (i) criminal proceedings; and (ii) actions by regulatory authorities and statutory authorities, against any Key Managerial Personnel and Senior Management of our Company.

• 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)

• 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)

• 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 typically set up our Operating Facilities or warehouses in proximity of our key customers' manufacturing units. The success of our Operating Facilities and warehouses is dependent upon the success of the business operations of such 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.(Geographic/Operational Proximity)

• We primarily allocate majority of our operating capacities towards execution of orders received from our key customers located in close proximity of our Operating Facilities. The balance manufacturing capacities are allocated towards executing orders received from our other customers. Any disturbance in the manufacturing operations of our customers could in turn have a direct impact on the demand of our products and our business operations.(Operational Capacity Allocation)

• 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. Our dependence on our top five/ten customers subjects us to various risks which may include, reduction, delay or cancellation of orders, failure to renew contracts, delay in receiving payments, failure to renegotiate favourable terms or the loss of these customers entirely.(Customer Concentration)

• 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)

• We are in the process of expanding our production capacities by setting up an additional manufacturing facility in the southern region and expanding our existing Manufacturing Facility situated at Dadra as well as our Painting Facility, to cater to additional customers, with the increased capacities.(Operational Expansion)

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 Ltd. - RHP11 Sept 2026
• Manika Plastech Limited - RHP07 Sept 2026