Papadmalji Agro Foods Ltd.

• Funding the capital expenditure towards construction of building, mechanical and electrical works and procurement of plant and machinery and installation of 250 kW Rooftop Solar Power System for setting up a new manufacturing facility at Bachhasar, Bikaner₹7.8 Cr
• Installation of 125 kW Rooftop Solar Power System at existing Garsisar Unit, Bikaner₹0.3 Cr
• Funding incremental working capital requirements of our Company₹2.8 Cr
• Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks₹8.6 Cr
• General Corporate Purpose

Except as disclosed in this Chapter, as on the date of this Draft Red Herring Prospectus, there are no outstanding criminal proceedings, actions by regulatory authorities, disciplinary actions against Promoters in the last five financial years, claims related to direct and indirect taxes, or other outstanding litigation involving the Company, Directors, Promoters, Key Managerial Personnel and Senior Management Personnel. There are also no pending litigation involving Group Companies that may have a material impact on the Company, and no findings/observations of material inspections by SEBI or other regulators.

• Our business is dependent on a limited number of customers, and the loss of one or more significant customers may adversely affect our business, results of operations, and financial condition. For the period ended June 30, 2025, revenue from our top 10 customers contributed 73.09% of our total revenue from operations, and revenue from our top 5 customers accounted for 57.13%.(Business Related Risk)

• Our business depends on a limited number of suppliers for the procurement of raw materials, and the loss of any significant supplier or disruption in supply may adversely affect our business operations and financial performance. For the period ended June 30, 2025, our top 10 suppliers accounted for 67.16% of our total purchases, and our top 5 suppliers constituted 48.13%.(Business Related Risk)

• Our business requires us to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew or non-receipt of them in a timely manner may adversely affect our business operations. Some of our permits, licenses and approvals are subject to several conditions and we cannot provide any assurance that we will be able to continuously meet such conditions.(Business Related Risk)

• We source our key raw materials, including pulses, flours, sugar, spices, oil, primarily through third-party suppliers without entering into long-term contracts. Any delay, shortage, or discontinuation of supply by one or more of these suppliers could disrupt our production schedules, increase procurement costs, or affect product availability.(Business Related Risk)

• Our customers operate in competitive markets and their performance is influenced by consumer demand, pricing pressures, and market conditions. Any adverse developments affecting their business or financial stability may also impact their ability to make timely payments or maintain current levels of procurement.(Business Related Risk)

• Delays or defaults in payments from key customers could affect our cash flows and working capital cycle. We cannot assure that we will be able to maintain or expand our existing customer base or that our major customers will continue to place orders at historical levels.(Business Related Risk)

• Any failure to manage supplier concentration effectively may adversely affect our business operations, financial condition, and results of operations. We cannot assure that we will be able to maintain our existing supplier relationships or identify and qualify new suppliers on comparable terms.(Business Related Risk)

• Our company is incorporated under the laws of India and is therefore subject to a legal and regulatory environment that may differ in certain respects from that of other countries.(External 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.