Karamtara Engineering Limited

• Funding prepayment, repayment and/ or payment obligations to our lenders towards borrowings and Acceptances, in part or full₹600 Cr
• General corporate purposes₹28.4 Cr

Except as disclosed in this section, there are no outstanding (i) criminal proceedings (including matters which are at FIR stage even if no cognizance has been taken by any court) involving our Company, Directors, Subsidiaries, Promoters (the “Relevant Parties”), Key Managerial Personnel and Senior Management Personnel; (ii) action taken (including all disciplinary actions, penalties and show cause notices) by regulatory and/or statutory authorities; (iii) claims related to direct and indirect taxes (disclosed in consolidated manner); or (iv) other pending litigation as determined to be material as per the materiality policy adopted by our Board in accordance with SEBI ICDR Regulations, in each case involving the Relevant Parties. There are no outstanding litigations involving our Group Companies which has or may have a material impact on our Company. Further, there are no disciplinary actions including penalty imposed by the SEBI or Stock Exchanges against our Promoters in the last five Financial Years including any outstanding action.

• The majority of our manufacturing facilities are located in Maharashtra, India, which accounted for 90.84%, 98.61% and 99.18% of our total revenue from operations in Fiscals 2026, 2025 and 2024, respectively, exposing our operations to potential risks arising from local and regional factors.(Manufacturing and Geographic Concentration)

• We are significantly dependent on our manufacturing facilities, and any unscheduled, unplanned or prolonged disruption, slowdown or shutdown of our manufacturing facilities could have a material adverse effect on our business, financial condition, cash flows and results of operations.(Manufacturing and Geographic Concentration)

• The majority of our product offerings have a single dedicated manufacturing facility and are only produced at such facility, and any shutdown, interruption or disruption in the operations of any of our facility could significantly and adversely affect the entire manufacturing of the product specifically produced at such facility.(Manufacturing and Geographic Concentration)

• We operate 13 manufacturing facilities (out of which one facility is located in Italy), and we intend to set up additional manufacturing facilities, which may not materialize as expected or at all.(Manufacturing and Geographic Concentration)

• We derive a substantial portion of our revenue from the sale of products in the solar industry (78.99%, 81.40% and 81.75% of our total revenue from operations in Fiscals 2026, 2025 and 2024, respectively), and any adverse trend in the solar energy industry could have a material adverse effect on our business, financial condition, cash flows and results of operations.(Industry and Market Concentration)

• We are in the process of undertaking certain expansion activities and intend to continue to do so in the future, which may not materialize as expected or at all, and an inability to grow our business in additional geographic regions or international markets could have an adverse impact on our business and financial condition.(Expansion and Growth)

• The property in respect of one of our manufacturing facilities, Unit OHTL Fittings, located at G-3/1 & 2, MIDC, Tarapur, is subject to an ongoing dispute regarding title between the seller, our Company, our Promoters and certain third parties, pursuant to which a court receiver was appointed.(Legal and Regulatory)

• Most of our manufacturing facilities are located in Tarapur, Maharashtra, and our operations are significantly susceptible to disruptions caused by local and regional factors in Tarapur, Maharashtra.(Manufacturing and Geographic Concentration)

• Karamtara Engineering Limited - RHP03 Sept 2026
• KARAMTARA ENGINEERING LIMITED - Addendum to DRHP27 Aug 2026