Alpine Texworld Limited

The section provides an overview of the economic outlook, detailing global and Indian economic growth projections, alongside various sector-specific data. It discusses the impact of geopolitical tensions, particularly concerning energy imports through the Strait of Hormuz, on India's consumer industry. Furthermore, it outlines trends in GDP growth, per capita GDP, Gross Value Added (GVA), and Consumer Price Index (CPI) inflation rates.

This section primarily discusses macroeconomic factors, including monetary policy projections from the RBI, the impact of global crude oil prices on domestic fuel costs, and household savings trends. It details the growth of the Indian rural economy, the expansion of the middle class, and demographic shifts such as population growth and urbanization. Furthermore, it covers trends in disposable income and consumer spending, concluding with an assessment of India's resilience in the global economic environment.

The text discusses various aspects related to trade policy, industry dynamics, and the textile sector. It mentions potential exposure to US tariff policy changes and the impact of geopolitical conflicts on input costs. Furthermore, it details the structure and dynamics of the global and Indian textile industries, including the types of textiles, market size trends, and the entire value chain from fiber acquisition to retail distribution. It also outlines specific geographical locations crucial for various stages of the textile manufacturing process.

India holds a strong position in the global textile value chain, supported by government initiatives like the PM MITRA scheme and various incentive schemes. The industry encompasses a broad spectrum, ranging from natural fibres to technical textiles, serving both domestic and international markets. Key segments include natural fibres like cotton, wool, silk, and jute, alongside synthetic and man-made fibres, and a rapidly growing technical textiles sector. The industry is characterized by its diverse segments, strong linkages with agriculture, and a focus on sustainability and ethical sourcing. India is positioned as a leading textile and apparel hub globally.

The Indian textile export sector demonstrates strong capabilities across a diverse product spectrum, balancing traditional cotton items with modern, value-added garments. The sector has shown resilience with rising exports, driven by market diversification and support from evolving trade partnerships. Government initiatives, including various schemes, have been implemented to promote technology upgradation, infrastructure creation, and skill development within the industry. These policies aim to create a favorable environment for textile manufacturing by integrating various stages of the value chain.

The text details various government schemes and initiatives supporting the Indian textile industry, including the PLI Scheme for Textiles, which approved investments and expected turnover in specific segments. It also discusses the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which aims to reduce taxes on exported products, and the Comprehensive Economic Partnership Agreement (CEPA) with the UAE, which provides preferential market access. Furthermore, the text outlines several financing subsidy schemes like the Weaver Mudra and National Technical Textiles Mission (NTTM), and various infrastructure and research schemes designed to support modernization, capacity building, and innovation in the sector.

The Indian textile industry is positioned to grow significantly, driven by both natural and synthetic fibers, with natural textiles like cotton and silk leading the market due to abundant raw materials and expertise. The industry benefits from strong infrastructure, including numerous spinning and weaving mills, and supportive government policies. Market access is being improved through Free Trade Agreements (FTAs) with various regions and the US, which reduce tariff barriers. However, the sector faces challenges such as industry fragmentation, competition from imports, and rising input costs, including for raw materials and LPG, which pressure exporters' margins.

The text discusses concerns raised by the Confederation of Indian Textile Industry (CITI) regarding the impact of import duties and market dynamics on the textile sector, including recommendations for government support and strategic reserves. It also details the nature and importance of grey cloth in the industry, describing it as an unprocessed textile essential for further processing. Grey cloth is versatile and crucial for various end-use sectors, and its manufacturing involves highly mechanized processes. Furthermore, the segment is increasingly focusing on sustainability aspects like organic fibre sourcing and reduced water usage.

This section details the processes for grey cloth production, which involves two main parts: spinning and weaving. The spinning process begins with mixing and cleaning cotton fibers, followed by the blow room to open and clean the lint. This is then followed by carding to convert the lint into a thin web and sliver. Further processing includes drawing, which involves doubling and drafting to improve sliver uniformity and fiber orientation. The sliver is then fed into open-end rotor spinning machines to form yarn, which is subsequently sent for yarn conditioning. The weaving process involves interlacing warp and weft yarns to create fabric, starting with the procurement and quality check of warp and weft yarns.

This section details the various preparatory and weaving processes involved in fabric production, starting with preparing warps and wefts for weaving. These include steps like sizing to strengthen yarns, drawing-in or knotting-in to connect warp yarns, and the actual weaving on airjet looms. The section also covers subsequent stages such as grey fabric inspection for quality grading and the final sorting and packing procedures for dispatch. Furthermore, it discusses the significant role of the Indian textile industry, particularly in hubs like Ahmedabad, in processing grey cloth and adhering to international standards.

The section discusses the dynamics of the Indian textile industry, focusing on the grey cloth segment and the cotton yarn industry. Indian grey cloth exports face competitive pressure from countries like China, Vietnam, and Pakistan, necessitating modernization by Indian weavers to maintain export potential. The outlook for the grey cloth industry is optimistic, driven by consistent growth in production and demand across various fabric types, supported by improved manufacturing capabilities and consumer preference for versatile textiles. The Indian cotton yarn industry is highlighted as a pillar of the economy, with India being a global leader in cotton production, holding the largest cotton acreage worldwide, and possessing a complete value chain from raw cotton to finished garments. The industry benefits from supportive government policies, such as the Minimum Support Price (MSP) program, and the 'China Plus One' strategy shifting global demand towards India.

This section details various machinery used in the weaving and spinning facilities, including products from global brands like Toyota, Karl Mayer, Itema, Picanol, Saurer, Rieter, and Murata. It also outlines key growth drivers and challenges within the cotton yarn industry, such as rising demand, volatile cotton prices, global competition, and dependency on agriculture. Key challenges include the impact of global competition, technological obsolescence in machinery, rising operational costs, and weak infrastructure. The industry also faces threats from raw material volatility and the need for significant capital investment in sustainable practices.

The Indian textile processing industry is poised for significant growth, driven by advancements in synthetic textiles and the emergence of India as a global textile leader. The industry is characterized by a robust ecosystem involving large-scale manufacturing units concentrated in key hubs like Surat, Ahmedabad, and Tirupur, which specialize in different textile segments. Key growth drivers include government support, Free Trade Agreements, and a growing focus on sustainability. However, the sector faces considerable challenges related to water consumption, chemical pollution, high energy use, and the threat of cost-competitive imports from China.

The textile processing industry in India faces several challenges, including limited access to finance for modernization, concerns over dumping practices from China, and a shortage of skilled labor. To remain competitive, Indian processors must focus on improving product quality and reducing turnaround times to meet global buyer demands. Gujarat is highlighted as a key industrial powerhouse, benefiting from its cotton cultivation capabilities and infrastructure. The state offers various policy incentives, such as capital subsidies and power tariff reductions, to encourage investment in the sector. Furthermore, Gujarat has developed a robust ecosystem, including integrated raw material supply chains and supportive infrastructure, which helps in ensuring a consistent supply of raw materials and efficient distribution.

Alpine Texworld Limited is a vertically integrated textile manufacturer established in February 2016, possessing capabilities in both weaving and spinning. The company operates 112 Toyota shuttleless air-jet looms producing 18 million units annually and has a spinning division with four V.D. open-ended spinning machines. The company has achieved significant financial milestones, surpassing various turnover targets over several years, and has expanded its solar and spinning operations through lease agreements. The company serves the domestic market, particularly in Gujarat, offering local businesses advantages like reduced lead times and transportation costs. The company's service portfolio encompasses yarn sizing, yarn production, and grey cloth, supporting the local textile industry.

The company operates within the diverse and dynamic Indian textile industry, which covers the entire value chain from raw material sourcing to garment manufacturing. The industry encompasses a broad spectrum of segments, including weaving and spinning, manufacturing, and trading of grey fabric and yarn. The company has developed capabilities in both weaving and spinning, procures processed cotton, and converts it into yarns which are then woven into grey fabric using looms. The company has expanded its manufacturing capacity through various unit installations and has established a vertically integrated structure. The company has acquired a significant share in a subsidiary, which contributes substantially to the consolidated revenue and profit.

The company focuses on the manufacturing of Grey Fabric, incorporating reduced water usage and eco-friendly finishes starting from the grey fabric stage, as noted by the CARE Report. The company established a new Manufacturing Unit 2 in March 2025 for in-house Yarn manufacturing, although Yarn is still sourced from third parties alongside in-house production to meet business demands. The company operates in key textile hubs in India, with Gujarat being a strategic location for its office, manufacturing units, and operational activities, benefiting from the state's infrastructure and skilled workforce. The company also engages in the trading of Grey Fabric and Yarn, and its operations are supported by a robust domestic raw material supply chain.

The company maintains relationships with suppliers to ensure a consistent supply of raw materials and traded goods, with significant procurement costs as a percentage of total expenses. Revenue from the sale of products and services has been consistently high as a percentage of total revenue from operations across recent fiscal years. The company has two manufacturing units located in Ahmedabad, Gujarat, including a weaving unit and a spinning unit, which are strategically located in adjacent parcels. The spinning unit was established for backward integration to support the existing weaving operations, and the company has made investments in a subsidiary to expand its weaving capacity. Furthermore, the company has invested in solar units to offset power consumption and has acquired properties to support future growth.

This section details the manufacturing processes for yarn production, which involves several sequential steps starting from raw cotton. The process includes mixing and cleaning cotton fibers, blow room operations for cleaning, carding to create sliver, drawing and drafting to ensure yarn uniformity, and finally, open-end rotor spinning to form yarn. The section also describes the weaving process, which involves procuring yarn, warping, sizing, drawing-in or knotting-in, and weaving on airjet looms to produce grey fabric. The company notes that its suppliers and customers are predominantly based in Gujarat, and it has adequate facilities and infrastructure for sourcing raw materials and utilities.

The company emphasizes its commitment to health and safety by adhering to various laws and regulations concerning technical safety, environmental protection, and occupational health standards. The company believes its employees are a critical asset and focuses on developing and training them to support operational growth. The company does not have any existing collaborations, performance guarantees, or marketing assistance arrangements with third parties. Operations, including production, marketing, and sales, are conducted independently by the company. The company's operations are subject to risks related to manufacturing, including equipment malfunctions, fire, accidents, and natural disasters, and its insurance coverage may not fully protect against all potential losses.

This section details the various laws and regulations in India that govern the company's business operations. It lists several key statutes, including those related to textiles, corporate governance, contracts, and consumer protection. The text outlines the scope of these laws, noting that the information provided is a summary and not exhaustive, and that the provisions are subject to change by subsequent legislative decisions. It also references various acts concerning factory operations, the protection of consumer interests, and the legal framework for electronic transactions and data privacy.

This section primarily outlines various Indian laws pertaining to intellectual property, environmental protection, labour, and corporate governance. It details regulations concerning trademarks, copyrights, environmental impact assessments, pollution control, and various labour codes that subsume older laws. Furthermore, it mentions compliance requirements related to SEBI regulations upon listing.

This section primarily details the various legal and regulatory frameworks applicable to the company's operations in India. It outlines several key acts and regulations governing securities markets, foreign trade, taxation, and other business aspects. The text covers laws such as the SEBI Act, SCRA, and various regulations concerning insider trading and fraudulent practices. Furthermore, it discusses laws related to foreign investments, such as the FEMA, and customs regulations for import/export activities. The company is also subject to various tax laws like GST and the Income Tax Act, as well as laws concerning professional taxes and electricity usage.

The company, originally incorporated as 'Alpine Spinweave Private Limited' on February 26, 2016, underwent several significant corporate transformations, including conversions to a public limited company and subsequent name changes to 'Alpine Spinweave Limited' and finally to 'Alpine Texworld Limited'. The company's registered office address has undergone several modifications over time. Key milestones include the installation of various manufacturing equipment, crossing turnover thresholds, and strategic investments, such as acquiring a stake in Alpine Cottweave LLP. The company currently has one subsidiary, Alpine Cottweave LLP, and no significant financial or strategic partners as of the prospectus date.

The section details the composition of the Board of Directors, including the number of directors required by the Companies Act, and outlines the terms of appointment for the Chairman and Managing Director and the Whole-Time Director. It lists the details of various directors, their directorships in other entities, and their professional backgrounds. Furthermore, it specifies the board's authority to borrow funds and the terms concerning the appointment and remuneration of the key managerial personnel.

The section details various resolutions and appointments related to directors' remuneration and sitting fees, including terms for appointments, the structure of the Board, and the constitution of various committees. It outlines specific provisions regarding payments to directors, the nature of their interests, and the framework for corporate governance compliance.

This section details various functions and responsibilities delegated to different committees within the company, including the Audit Committee, Nomination and Remuneration Committee, Stakeholders’ Relationship Committee, and the Corporate Social Responsibility (CSR) Committee. It outlines the scope for reviewing financial statements, related party transactions, auditor appointments, director remuneration, shareholder grievances, and CSR activities. The text also specifies various compliance requirements related to insider trading regulations and the utilization of funds.

This section details the organizational structure concerning Key Managerial Personnel (KMP) and Senior Management, including the appointment and tenure of various personnel. It outlines the details of the KMPs, such as the Chief Financial Officer and Company Secretary, along with their qualifications and remuneration details for Fiscal 2026. Furthermore, it lists the Senior Management members and their respective roles, including the Production Head and Head of Finance and Accounts. The text also covers aspects related to the relationship between these personnel, such as the absence of bonus/profit-sharing plans and the nature of their compensation.

The section details the personal profile of the company's Promoters, including Sachinkumar Santkumar Agrawal, who is one of the founders and holds a degree in Bachelor of Commerce. It outlines the directorships held by the Promoters in various LLPs, including Alpine Cottweave LLP and Sameep Texfab LLP. The text also discusses the lack of change in control since incorporation and details various aspects related to the Promoters' interests, including transactions with the company and payments made to them. Furthermore, it describes the corporate structure, identifying Alpine Cottweave LLP as a subsidiary acquired through a recent agreement.

The section details the financial relationship between the company and its subsidiary, Alpine Cottweave LLP, noting that the company is a partner in the LLP and holds a 97.00% share in its profits and losses. It also clarifies that there are no conflicts of interest between the company and its subsidiary regarding suppliers or service providers, except for land availed on leasehold basis from a group company. Furthermore, the subsidiary is a limited liability partnership and its securities are not listed on any stock exchange in India or abroad.

This section details the standards used for financial statements, the reliance on auditor's reports, and the adjustments made to financial information for comparison purposes. It also provides various financial statement data, including the movement in assets, liabilities, equity, and the profit and loss statement for different financial years. The text includes information on the accounting software's audit trail features and the structure of equity and liabilities.

This section details the financial statements and accounting policies of Alpine Texworld Limited (formerly Alpine Spinweave Limited). It includes information on the preparation of restated consolidated and standalone financial information, the basis for consolidation, and the fair value measurement hierarchy used for assets and liabilities. The company's accounting practices adhere to Indian Accounting Standards (Ind AS) and various regulatory requirements.

This section details various accounting policies and estimates used in the financial statements, covering aspects such as the use of estimates, recognition and measurement of different asset classes, depreciation methods, inventory valuation, and various financial instruments. It outlines specific rules for handling property, plant and equipment, intangible assets, capital advances, capital work in process, borrowings, provisions, contingent liabilities, revenue recognition criteria, employee benefits, and income tax accounting.

This section details various accounting treatments for different financial instruments and liabilities, including the measurement and impairment provisions for right-of-use assets and lease liabilities. It outlines the classification and subsequent measurement criteria for financial assets, such as amortised cost, fair value through other comprehensive income, and fair value through profit and loss. Furthermore, the text covers the accounting for financial liabilities, including initial recognition, subsequent measurement using the effective interest rate method, and derecognition procedures. It also specifies rules for handling foreign currency transactions and dividend distributions to equity shareholders.

This section details the financial history of the company, including the movement of its Property, Plant and Equipment, Land & Building, and Right of Use Assets over several years. It also provides information on Investments, Other Financial Assets, Inventories, and Trade Receivables. The data shows various balances and transactions, such as additions, disposals, and the impact of business combinations on these assets and liabilities.

This section details the financial information for Alpine Texworld Limited, formerly known as ALPINE SPINWEAVE LIMITED, across fiscal years ending March 31st, 2026, 2025, and 2024. It includes breakdowns of cash, bank balances, tax assets and liabilities, equity share capital details, and various financial provisions. The data shows changes in cash holdings, borrowings, retained earnings, and the structure of the company's equity base over the period.

This section details various financial notes for Alpine Texworld Limited, including deferred tax liabilities, current borrowings, trade payables, other financial liabilities, revenue from operations, cost of materials consumed, and various operating and finance expenses. The data is presented for the years ending March 31st, 2026, 2025, and 2024, showing trends in these financial metrics.

This section details various financial notes, including trade receivables and payables aging schedules for different periods, alongside disclosures related to MSME Act 2006 compliance and security arrangements for borrowings. It also outlines the terms of security provided to lenders, including first and second charges on various assets and guarantees for loans.

This section details various financial and security arrangements, primarily concerning loans and guarantees provided by the company, which was formerly known as Alpine Spinweave Limited. It outlines specific terms for loans from various banks, including interest rates, repayment schedules, and collateral provided. Furthermore, it lists details regarding the quarterly returns submitted to the banks and various contingent liabilities, including corporate guarantees and capital commitments. The section also lists numerous related parties and details concerning key managerial personnel and directors.

This section details various financial and related party transactions for Alpine Texworld Limited across different reporting periods. It includes breakdowns of transactions involving various parties, including individuals and entities, and outlines the accounting treatment for employee benefits under IND AS 19. Furthermore, it provides information on the company's Corporate Social Responsibility (CSR) activities, noting that funds were allocated to a corpus and utilized on specified activities.

This section provides detailed financial ratios and disclosures for Alpine Texworld Limited (formerly ALPINE SPINWEAVE LIMITED) for the years ending March 31, 2026, 2025, and 2024. It details various liquidity, profitability, and leverage metrics, including Current Ratio, Debt Equity ratio, Debt Service Coverage Ratio, Return on Equity Ratio, Inventory Turnover Ratio, Trade Receivables Turnover, Trade Payables Turnover, Net Capital Turnover, Net Profit Ratio, Return on Capital Employed, and Return on Investment. Furthermore, it outlines the Group's capital management objectives, risk management framework concerning credit, foreign currency, interest rate, and market risks, and the fair value measurement hierarchy for financial instruments.

This section details the financial information for Alpine Texworld Limited, formerly known as ALPINE SPINWEAVE LIMITED, across fiscal years ending March 31, 2026, 2025, and 2024. It provides comparative statements for borrowings, lease liabilities, trade payables, and other financial liabilities, showing trends in these balances over the period. The text also covers various adjustments made during the transition from Previous GAAP to Indian Accounting Standards (Ind AS), including the recognition of lease liabilities and the treatment of various financial assets and liabilities.

This section details various financial statement notes, including income, expenses, profit/loss calculations, cash flow statements, and reconciliation details related to the transition from Previous GAAP to Ind AS. It includes notes on the impact of Ind AS adoption on various line items, such as the treatment of subsidy income, depreciation, interest, and the reclassification of certain expenses and liabilities. Furthermore, it provides information on the structure of the consolidated financial statements, including the breakdown of net assets and revenue from operations.

This section details the financial performance and corporate structure of Alpine Texworld Limited, formerly known as ALPINE SPINWEAVE LIMITED, covering financial information for fiscal years 2026, 2025, and 2024. It includes notes on various financial metrics, compliance with certain regulations, and operational details regarding the company's manufacturing units and solar installations. The text also provides context on the basis of the financial information and the reliance on industry reports.

This section details various financial metrics, operational performance indicators, and factors affecting the company's results. It includes performance data for the years ended March 31, 2026, 2025, and 2024, such as capacity utilization and production quantities for weaving and spinning units. The text also discusses the impact of raw material costs, the dependency on suppliers, and the capital expenditure made for expansion plans. Furthermore, it outlines the accounting policies, including the basis of preparation and consolidation procedures for financial statements.

This section details various accounting policies related to the preparation of the financial statements, covering asset and liability classification, the use of management estimates, and specific recognition criteria for different financial items. It outlines how property, plant, and equipment (PPE), intangible assets, capital advances, inventories, borrowings, provisions, and employee benefits are measured and accounted for. Furthermore, it specifies rules for revenue recognition, including sales of goods and services, other income streams, and the recognition of government grants. Finally, it describes the treatment of income tax and deferred tax.

This section details various accounting treatments and recognition principles for different financial and tax items. It covers the recognition of deferred tax assets and liabilities, the accounting for leases, the initial measurement and subsequent treatment of financial instruments, and the handling of financial liabilities. Furthermore, it outlines rules for foreign currency transactions, dividend distributions, and the preparation of the Statement of Cash Flows.

This section details various accounting treatments, reconciliation methods, and breakdowns of the company's financial performance across fiscal years. It outlines how earnings are calculated, the nature of non-GAAP measures, and reconciles revenue to gross profit, EBITDA, and profit after tax margins. Furthermore, it provides detailed breakdowns of total income, including revenue from the sale of products and services, and lists the components of total expenses.

This section details various financial performance comparisons between fiscal years, highlighting changes in revenue, expenses, and profit. It compares Fiscal 2026 to Fiscal 2025, noting significant growth in income from operations and other income, alongside corresponding increases in various costs. Furthermore, it provides a comparison between Fiscal 2025 (consolidated) and Fiscal 2024 (standalone), detailing changes in revenue, expenses, and profit, often linked to acquisitions and consolidations of subsidiary results. The section also covers cash flow details for the years, showing net cash generated from operating activities, investing activities, and financing activities.

This section details various cash flow activities for different fiscal years, including investing and financing activities. For Fiscal 2025, net cash flow used in investing activities was ₹94.50 Crore, while financing activities showed a net cash flow generated of ₹82.35 Crore. The section also provides details on borrowings as of March 31, 2026, and presents a table summarizing capital work-in-progress across Fiscal 2026, 2025, and 2024.

This section provides various definitions and abbreviations used throughout the Prospectus. It specifies the legal identity of the Issuer, which is Alpine Texworld Limited, and details various terms related to the company's structure, auditors, and related reports. It also defines terms concerning the Board, Key Managerial Personnel, and various committees constituted by the Board.

The introduction section details the structure of the equity issue, specifying the face value and price at which the equity shares were offered. The issue was authorized by the Board and Shareholders, and there are provisions regarding the handling of under-subscription across different categories. Furthermore, the text outlines rules for allocation to various bidders, including minimum bid lots and the handling of any remaining shares.

This section details the cash flow from operating, investing, and financing activities for the fiscal years ended March 31, 2026, 2025, and 2024. It shows fluctuations in profit before tax, adjustments, and various income and expense items across these periods. The cash flow from operating activities shows variations in cash generated, while investing activities involved significant purchases of property, plant, and equipment. Financing activities include movements in borrowings and payments related to lease liabilities and non-controlling interests.

The company's incorporation history shows a transition from a private limited company to a public limited company, involving name changes and subsequent certificate issuances by the Registrar of Companies. The document details various key personnel and entities involved in the issuance process, including the Book Running Lead Manager, legal counsel, and various bankers and intermediaries.

The section details various procedural aspects related to the issuance, including rules for different bidder types and the roles of various entities. It outlines requirements for using ASBA services, specifies lists of eligible banks and applications, details the network of registered brokers, and lists of eligible Registrars and Share Transfer Agents. Furthermore, it discusses the process for book building, the restrictions on bidders, and the appointment of underwriters for the issue.

This section details the authorized and issued share capital of the company. The authorized share capital is set at 4,25,0 equity shares with a face value of ₹10 each. The company has issued 2,62,23,000 equity shares prior to the issue, and a further issue of 1,20,24,000 equity shares is planned. The section also provides a detailed history of equity share allotments, including various transactions and right issues across different dates.

This section details various allotments of equity shares across different dates, including initial issuances and subsequent bonus issues. The allotments involve numerous individuals and entities, with different numbers of Class A and Class B equity shares being issued. There are notes clarifying the classification of equity shares (Class A and Class B) and a re-classification of paid-up capital into a single class of ordinary equity shares. The section also mentions the ratio for a bonus issue.

The company has not issued any preference shares and has not issued equity shares out of revaluation reserves since its incorporation. A significant number of equity shares were allotted on December 21, 2020, to various individuals and entities. Furthermore, there was an issuance of bonus equity shares in the ratio of 7:1. Various transfers and rights issues involving equity shares occurred between February 2016 and April 2024, including transfers by gift and rights issues. The shareholding of the promoters and members of the Promoter Group was disclosed, showing changes in their respective holdings.

This section details various transactions involving the allotment and transfer of equity shares over several years, including rights issues, bonus issues, and transfers between various parties. The data covers different classes of equity shares (Class A and Class B) and includes details on the number of shares, the consideration paid, and the percentage change in the share capital. Several transactions involve transfers, such as gifts or transfers by way of HUF partition, and the section also discusses promoter contributions and lock-in periods related to the post-issue equity shareholding.

This section details various past allotment and transfer transactions involving different classes of equity shares, including cash and right issues, across different dates. It outlines the nature of the consideration, the percentage of pre-issue capital, and the percentage of post-issue capital for these transactions. Furthermore, it includes provisions regarding lock-in periods and assurances that certain equity shares are not subject to pledge.

The section details various secondary transactions involving members of the Promoter Group, including transfers of equity shares between different entities and individuals. Several transactions occurred in 2018 and 2021, involving cash considerations for the transfer of Class A and Class B Equity Shares. Furthermore, the section lists details of equity shareholding of major shareholders as of the prospectus date, including their respective percentages of the pre-equity share capital. It also provides information on the acquisition prices of equity shares in the last three years.

This section outlines various governance and transaction restrictions concerning the company's shareholders and capital structure. It states that no shareholders have special rights to nominate directors or KMPs, and no shareholders are directly or indirectly employed in entities that pose a governance or conflict-of-interest risk. Furthermore, it confirms that all equity shares are fully paid up, and the company has not made any public issue of securities since its incorporation. The text also details restrictions on financing arrangements and transactions by the promoter group during a specific period preceding the prospectus date.

The issue involves raising funds for several purposes, including financing the setup of a new weaving unit, repaying outstanding borrowings, and general corporate purposes. The gross proceeds from the issue were ₹126.25 Crore, resulting in net proceeds of ₹113.30 Crore after deducting expenses. The utilization plan details the deployment of these net proceeds across the specified objects, with significant amounts allocated to the proposed manufacturing unit expansion and debt repayment.

The company has placed an order for imported machinery, totaling EUR 19,03,800, which will be funded through a letter of credit. Furthermore, the company intends to utilize ₹52.20 Crore from the net proceeds for the prepayment and/or repayment of outstanding borrowings. These borrowings include various cash credit facilities and term loans from different lenders, with the proceeds intended for purposes such as working capital, capital expenditure, and setting up new projects.

The section details various aspects related to the utilization of borrowings and the process for issuing the securities. It outlines specific borrowings, including terms, repayment schedules, and purposes such as setting up weaving projects and meeting working capital mismatches. Furthermore, it specifies the general corporate purposes for deploying net proceeds, which can include funding growth, covering expenses, investment in subsidiaries, and repaying inter-corporate loans. The text also extensively covers the estimated issue expenses and the various commissions and processing fees associated with the issuance process.

The company undertakes to deposit the Gross Proceeds into scheduled commercial banks as approved by the Board or a committee. The company is prohibited from using the Gross Proceeds for buying, trading, or dealing in shares of any other listed company or for equity market investments. A Monitoring Agency will be appointed to monitor the utilization of Gross Proceeds, and the Audit Committee and this agency will monitor the utilization, including towards general corporate purposes, reporting quarterly. The company must disclose the utilization of Gross Proceeds, including interim use under a separate head, in the balance sheet for fiscal years, and provide details on unutilized proceeds. Furthermore, the company must disclose uses of Gross Proceeds to the Audit Committee quarterly and prepare a statement of funds utilized for purposes other than those stated in the Prospectus annually.

The section primarily discusses the validation and disclosure of Key Performance Indicators (KPIs) for the company, confirming that these KPIs were approved by the Audit Committee and verified by the Statutory Auditors. It details the periodic disclosure commitment for these KPIs and clarifies that the utilization of proceeds is governed by the disclosure in the Objects of the Issue Section. Furthermore, the text covers various aspects related to the weighted average cost of acquisition, including restrictions on the issuance or secondary sale of equity shares and the lack of recent primary or secondary transactions.

This section details various transactions involving the transfer of equity shares, including gifts and transfers from different entities. It outlines several transactions occurring on April 15, 2024, involving different classes of equity shares and various parties. Furthermore, the text discusses the process of issuing equity shares, including the determination of the issue price, and provides assurances regarding the tax benefits related to the issue.

This section primarily contains a statement regarding the consent of a certificate to be disclosed by the BRLM and the undertaking to communicate any changes to this information. Another part of the section, titled 'ANNEXURE A STATEMENT OF TAX BENEFITS,' clarifies that the company is not entitled to any special direct or indirect tax benefits under the applicable laws. It further states that the statement covers only the mentioned tax laws benefits and does not include general tax benefits, and it is intended only for investor information.

This section primarily defines various terms related to the financial statements, issue procedures, and regulatory aspects of the company's prospectus. It details definitions for various personnel, documents, financial concepts, and the process of the public offering. Key terms cover directors, promoters, financial statements, bid/issue terms, and the process of book building.

This section primarily details the procedural and legal aspects related to the issuance of equity shares, including the issue price, various bidder categories, and the infrastructure involved in the bidding process. It outlines the pricing mechanism, the parties involved in the issuance, and the various aspects of the prospectus filing and subsequent procedures.

This section provides a glossary of financial and technical terms used within the financial statements, including definitions for various acronyms, financial concepts, and industry-specific terms. It defines terms such as EBITDA, various financial years, regulatory bodies, and technical abbreviations related to textiles and manufacturing. The text lists terms like DP, FDI, GST, and various accounting standards (IFRS, Ind AS).

This section primarily defines various abbreviations used within the prospectus and explains the meaning of several Key Performance Indicators (KPIs). It clarifies that certain financial measures, such as Revenue from Operations, Gross Profit, EBITDA, Profit After Tax, and various margins, are used by management to track performance. The text also outlines conventions regarding the presentation and currency of financial data, and details the sources for industry and market data.

This section primarily addresses the limitations and risks associated with the information provided in the prospectus, including disclaimers regarding reliance on third-party reports and the nature of forward-looking statements. It details various risks, such as dependency on key suppliers, potential issues with manufacturing unit approvals, customer order cancellations, and geographical risks related to the company's operations. The text emphasizes that investors should carefully examine all risks and rely on their own examination of the company and the issue terms.

The company highlights significant reliance on a limited number of customers, noting that the top ten customers accounted for a substantial percentage of revenue from operations across fiscal years. The text also details various risks associated with customer concentration, including potential order cancellations, issues with negotiating terms, or loss of key customers. Furthermore, the company faces risks related to regulatory compliance, such as delays in obtaining necessary consents for manufacturing units, and contingent liabilities arising from corporate guarantees provided by the company and its promoter group. The company is also exposed to interest rate risks due to its debt structure and potential payment delays from customers, which could impact its ability to fund operations and service its debt.

This section discusses potential conflicts of interest related to the company's group companies and related parties, including concerns about competition and the ability to resolve such conflicts. It details the acquisition of non-agricultural land, including the consideration and market value, and notes that the land was previously jointly owned by a Promoter and a Director. The text also covers various risks, such as potential adverse effects from future transactions with related parties, the lack of assurance regarding financial covenants, and issues related to corporate record discrepancies and delays in filings with the Registrar of Companies. Furthermore, the business is highlighted as being dependent on manufacturing units and subject to various operational risks, including machinery breakdown, supply chain disruptions, and labor disputes.

This section discusses various operational and financial risks, including potential disruptions from equipment malfunctions, capacity utilization issues, and adverse effects from customer demand changes. It details outstanding dues to various creditors, including MSME creditors, and the potential impact of payment delays on operations and liquidity. Furthermore, the company highlights risks associated with intellectual property protection and dependency on third-party suppliers for raw materials and traded goods, noting the volatility of supply and pricing. The text also covers plans for capacity expansion, including orders for imported machinery, and the associated risks related to cost overruns and delays. Finally, it addresses risks related to the supply chain, including dependency on key suppliers, and the potential for price increases or supply disruptions to impact margins.

This section details the premises leased by the company from both Promoter Group/Group Companies and third parties, outlining the tenure and consideration amounts for these leases. It also discusses the dependency on single business segments for revenue and the reliance on various credit facilities from banks to fund operations. The text highlights risks associated with lease continuity, the concentration of revenue in one product, and the potential impact of indebtedness on the company's financial stability and ability to fund future operations.

The section outlines various disclosures regarding outstanding litigation and regulatory proceedings across different parties related to the company. It specifies that as of the prospectus date, there are no outstanding criminal proceedings, regulatory actions, or material civil litigations against the Company, its Subsidiaries, Promoters, or Directors. However, it details specific pending matters, including a show cause notice from the Ministry of Corporate Affairs concerning the appointment of a cost auditor for a subsidiary, and an ongoing matter before the Supreme Court related to a criminal complaint filed by a promoter against others.

The section details the absence of criminal litigations against key managerial personnel and senior management, as well as no actions initiated by regulatory and statutory authorities against them. Regarding litigation involving group companies, it is stated that the group companies are not involved in any litigation that could materially impact the company. The text then provides a summary of tax proceedings involving the Company, Promoters, Directors, and Subsidiaries, detailing various claims related to direct and indirect taxes, including amounts involved in millions of rupees.

The section details various registrations and approvals related to the Company and its Subsidiary under different laws. For the Company, there are records for Professional Tax enrolment, Udyam Registration, and Importer-Exporter Code. Several Factory Licenses and various Consent to Establishments for manufacturing units have been obtained under environmental laws. The Subsidiary also has factory licenses and various environmental consents, along with employee provident fund records.

The section details various corporate and regulatory approvals, including resolutions passed by the Board and Shareholders for the issue, and in-principle listing approvals from BSE and NSE. It also confirms that the company and its promoters have not been prohibited from accessing capital markets and have not been debarred by regulators. Furthermore, the text outlines compliance with the Companies (Significant Beneficial Owners) Rules, 2018, and specifies eligibility criteria for undertaking the issue based on net tangible assets, operating profit, and net worth over preceding fiscal years. The section also covers various compliance confirmations related to SEBI ICDR Regulations and agreements for the dematerialization of equity shares.

The section details the disclaimers provided by BSE and NSE regarding the use of their names in the Draft Red Herring Prospectus, including the scope of their scrutiny. It also outlines the process for listing the equity shares on both exchanges and the consequences for the company if permission to trade is not granted within specified timelines. Furthermore, the text covers various consents obtained from directors, auditors, legal counsel, and other experts, as well as disclosures regarding past public issues and capital raises. Finally, it describes the mechanism for resolving investor grievances related to the issue process, including timelines for redressal and compensation for delays.

The section details various compensation mechanisms and procedures related to investor grievances concerning bids made through the UPI Mechanism for public issues, including rules for delayed unblocking, blocking of multiple amounts, and handling of excess amounts. It also outlines the process for payment of processing fees to SCSBs and clarifies the liability of the Book Running Lead Managers (BRLM) and the Registrar to the Issue regarding investor grievances. Furthermore, the document confirms that the company has obtained SCORES authentication and has constituted a Stakeholders’ Relationship Committee for grievance redressal.

The section primarily discusses the legal framework governing the issuance of equity shares, including adherence to various laws and regulations such as the Companies Act, SEBI ICDR Regulations, SCRA, SCRR, and SEBI Listing Regulations. It outlines the terms for the issue, including the face value, issue price, and price band for the equity shares. Furthermore, the text details the procedures for bid submission, the timeline for various events related to the issue, and the responsibilities of the Book Running Lead Manager regarding compliance with timelines.

This section details various procedural aspects related to the bidding and allotment process, including time limits for bid uploading, rules regarding bid revisions, and handling of various investor categories. It specifies different time windows for bid submission depending on the investor type, such as QIBs and Non-Institutional Investors. Furthermore, it outlines conditions for minimum subscription levels and the handling of undersubscription across different portions of the issue.

This section details various aspects related to the bidding process, including different categories of bidders, the mode of allotment, and the rules governing the application and payment of funds. It outlines specific rules for different investor types such as QIBs, Non-Institutional Investors, and Retail Individual Bidders, along with the required bid amounts and share multiples. The text also covers procedures for blocking funds, the role of various intermediaries, and the various timelines and mechanisms mandated by SEBI for public issues, such as the UPI mechanism and various circulars.

The section details the various procedures and rules governing the Book Building Process for the issue, including allocations for Qualified Institutional Buyers (QIBs), Mutual Funds, Non-Institutional Investors, and Retail Individual Investors. It outlines specific requirements for bidder documentation, such as linking PAN with Aadhaar and compliance with various CBDT notifications. Furthermore, it extensively covers the phased implementation of the Unified Payments Interface (UPI) mechanism for payments, including changes in timelines for listing, and the requirements for investor grievance redressal under the UPI framework. Finally, it specifies restrictions on the participation of promoters and syndicate members in the issue.

This section details various requirements and restrictions concerning different categories of bidders in the issuance process, including Mutual Funds, Eligible Non-resident Indians (NRIs), Hindu Undivided Families (HUFs), Foreign Portfolio Investors (FPIs), and various financial institutions. It outlines specific documentation, payment methods, and holding limits applicable to each bidder type. For instance, certain bids require specific registration certificates from SEBI or RBI, and investment limits are set based on the nature of the investor, such as the percentage of equity capital they can hold.

This section outlines various rules and conditions related to bidding for securities, differentiating requirements based on the type of bidder (e.g., FPIs, insurance funds, provident funds). It specifies documentation needed for bids, such as power of attorney or certified accountant certificates for funds. Furthermore, it details strict instructions regarding the electronic submission of bids, including requirements for correct details like PAN, DP ID, and UPI IDs, and restrictions on bid amounts and timing. Several conditions mandate that bids must adhere to specific formats and that funds must be available for blocking.

This section details various restrictions and conditions related to bids and submissions, including issues with bid details, signatures, and eligibility of bidders. It outlines several instances where bids might be rejected based on non-compliance with specific rules, such as using unverified PAN details or submitting bids outside prescribed timelines. Furthermore, it discusses the framework for foreign investment in Indian securities, referencing various regulations from the Ministry of Finance and the Department for Promotion of Industry and Internal Trade (DPIIT).

This section details various aspects related to foreign investment regulations, share issuance procedures, and the articles of association for the company. It outlines conditions for foreign direct investment under the automatic route for certain sectors and discusses rules regarding share transfer between residents and non-residents. Furthermore, it covers provisions related to the registration and sale of equity shares, including restrictions on offering shares outside India and the liability of bidders. The latter part of the section focuses on the company's articles of association, including provisions on share capital, the power of the Board to issue shares, and rules concerning the dematerialization of securities.

This section primarily details the provisions related to the transfer and transmission of shares, including rules for dealing with unpaid monies, the transfer of shares, and the consequences of a member's death or insolvency. It outlines the Board's power to refuse or decline to register share transfers, the requirements for instruments of transfer, and procedures for handling the death or insolvency of a member concerning their interest in the shares. Furthermore, the text covers provisions for the forfeiture of shares due to non-payment and the subsequent rights of the person acquiring the forfeited shares.

This section details various procedural aspects related to shareholder voting rights, proxy appointments, the composition and powers of the Board of Directors, borrowing powers, and dividend declarations. It outlines rules for voting at general meetings, the process for appointing proxies, the composition of the Board, director remuneration, the Board's authority to borrow funds, and how dividends and reserves are handled.

This section details various provisions related to dividend payments, accounts inspection rights, winding-up procedures, and the disclosure of material contracts and documents for inspection. It outlines rules concerning the handling of unpaid or unclaimed dividends, including transfer to a special account and subsequent actions for unclaimed amounts. Furthermore, it lists numerous material contracts and documents, including various agreements, incorporation certificates, resolutions, and financial reports, which were made available for inspection. It also details various consents and reports from auditors and other experts to be included in the Prospectus.

The section details various regulatory approvals, agreements, and observations related to the company's activities. It mentions an industry report and consent letters from CARE, in-principle listing approvals from BSE and NSE, and several tripartite agreements with various entities. Furthermore, it references a due diligence certificate and a final observation letter from SEBI.

The provided section consists entirely of declarations from various directors and the Chief Financial Officer certifying compliance with various laws and regulations. These declarations affirm that all relevant provisions of the Companies Act, 2013, and guidelines issued by the Government of India or the Securities and Exchange Board of India (SEBI) have been complied with. Furthermore, the declarations confirm that no statement in the Prospectus contradicts the provisions of the Companies Act, SCRA, SCRR, and the SEBI Act, as amended, and that all statements made are true and correct.

The document introduces a section detailing outstanding proceedings involving the Company, its Directors, Promoters, and Subsidiary, which could potentially impact the company's reputation, business, financial condition, and cash flows. It clarifies that these proceedings, which include criminal, tax, statutory, and regulatory actions, are pending before various courts, tribunals, and other authorities. The summary of these outstanding matters is provided in a table format, categorized by the type of proceeding and the party involved.

The document outlines several risks related to the company's operations, including vulnerability to economic and competitive conditions, potential issues with credit ratings, and increased interest expenditure impacting profitability. There are outstanding legal proceedings involving the company, its directors, promoters, and subsidiary, which could negatively affect the company's reputation and financial standing. The company's business is heavily concentrated in the State of Gujarat, making it susceptible to regional disruptions. Furthermore, the company relies heavily on its promoters and management team, and there are concerns regarding third-party transportation dependencies and working capital requirements.

The company's promoter directors, Sumit Champalal Agarwal and Sandeep Santkumar Agrawal, collectively hold a significant portion of the equity shares, amounting to 79.44% pre-Issue. They have interests in the company beyond remuneration, including dividends and loans, and retain significant control over the Board of Directors. The company's business faces risks related to the supply and cost of electrical power, as well as potential adverse changes in government subsidies and regulatory frameworks. Furthermore, there are concerns regarding the adequacy of insurance coverage to protect against various operating hazards and potential delays in payments of statutory dues.

The section discusses several risks related to the company's status as a listed entity, including the need to adhere to strict accounting and corporate governance standards, and potential delays in reporting. It highlights risks associated with inventory management, such as supply disruptions or overstocking, which could negatively impact financial condition and margins. Furthermore, the text details the requirement for various statutory and regulatory approvals, noting that there is no guarantee they will be timely or that they will not be suspended. The company operates in a competitive market where pricing pressures are significant, and there is a risk of losing market share. The section also covers risks related to employee attrition and the potential for quality control failures, as well as past regulatory actions against the Promoter Group.

This section outlines various risk factors affecting the company's operations and financial performance. Risks include potential penalties for non-compliance with anti-corruption laws, disruptions due to labor issues, and potential losses from fraud or employee negligence. Furthermore, the company faces risks related to the ability to pay dividends in the future, the potential for adverse changes in the utilization of net proceeds, and reliance on third-party industry reports. The text also details risks associated with changes in laws and regulations, instability in financial markets, and dependence on technology, as well as industry-specific challenges like competition and raw material volatility.

This section details numerous risks associated with operating within India, primarily focusing on macroeconomic, geopolitical, and regulatory factors. Risks include the impact of global financial turmoil, international trade policies, and potential tariffs, which can affect business operations and financial results. The text also highlights vulnerability to natural disasters, terrorist attacks, civil unrest, and various adverse political or economic developments in India. Furthermore, it discusses risks related to labor laws, competition law, inflation, and changes in the Indian tax regime, all of which could negatively impact the company's business, cash flows, and profitability.

The text discusses various risks related to regulatory changes, accounting standards, marketability, and financing for the company. It highlights potential adverse effects from new tax laws, differences between Indian accounting standards (Ind AS) and international standards like U.S. GAAP or IFRS, and the uncertainty surrounding the development of an active trading market for the equity shares. Furthermore, the text details risks associated with the listing process, including potential surveillance measures by SEBI, the impact of market fluctuations, and the potential for dilution through future equity issuances. Finally, it addresses risks related to financing, including the need for additional capital, potential debt covenants, and the impact of currency fluctuations on the value of the equity shares.

The provided section details various financial and operational aspects, including contingent liabilities, debt/equity ratios, credit ratings, and market risk factors. It mentions that the company has engaged in past and may engage in future transactions with related parties, directing readers to a separate note for details. The text also discusses various market risks such as credit risk, foreign currency risk, and interest rate risk, along with liquidity risk, and highlights dependencies on key suppliers and customers for raw materials and revenue, respectively.

This section details the company's financial position as of March 31, 2026, including various borrowings and financing facilities. The company and its subsidiary have availed loans for working capital, capital expenditure, and other business requirements. The total outstanding borrowings aggregated to ₹183.38 Crore on a consolidated basis. The details cover various categories of borrowings, including secured and unsecured loans, as well as non-fund-based borrowings. Furthermore, the section outlines the terms and conditions related to these borrowings, such as interest rates, penalties for non-compliance, tenor of facilities, security provided, and various events of default.