Shreedhar Spinners Limited

This section provides an overview of the macroeconomic environment, including global and Indian economic projections, inflation trends, and central bank policies. It details India's strong economic growth trajectory, the government's push for manufacturing growth, and the competitive position of the Indian textile and apparel sector in the global trade. The text also outlines the size and growth forecast for the global apparel market.

The global textile and apparel industry shows significant trade volumes, with apparel being the largest segment, followed by fabrics and yarns. China is the leading global supplier of textiles and apparel, while India holds a notable position as the second-largest home textile exporter globally. The Indian domestic textile market is showing growth, with targets set for future expansion, and the industry benefits from a diversified value chain covering everything from raw materials to finished products.

India maintains a cost advantage in spun yarn manufacturing due to low labor, energy, and favorable financing conditions compared to competing nations. The textile sector is experiencing growth driven by strong export demand and domestic consumption, with opportunities in moving towards higher-value products like specialty and recycled yarns. Key trends include a shift in manufacturing towards regions with raw material availability, increased focus on sustainability and traceability, and the need for automation to compete with global players. Government initiatives like PM-MITRA and the PLI scheme are aimed at boosting the sector's scale and competitiveness.

The company is primarily engaged in the manufacturing of compact spun cotton yarn, ranging in counts from Ne 10s to Ne 40s, at a facility located in the Amravati industrial area in Maharashtra, India. The production capacity is 10,000 MT per annum, and the facility has been operational for 95 years, with a production capacity of 10,000 MT per annum of cotton yarn as of March 31, 2026, and 28,608 spindles as of the same date. The company supplies these yarns for various end-use segments including apparel, denim, and furnishing fabrics, operating exclusively in the business-to-business (B2B) segment by supplying textile manufacturers and traders. The company holds several quality certifications, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, and maintains a dedicated in-house Testing and Quality Control Team. The company sources raw cotton bales from various local ginners, traders, and the Cotton Corporation of India.

The company emphasizes a commitment to quality and sustainability, evidenced by its ISO certifications for Environmental Management, Health and Safety, and Quality Management Systems. They maintain a dedicated in-house Testing and Quality Control Team to rigorously monitor the entire production cycle, ensuring adherence to industry standards. Manufacturing is conducted at a facility in the textile park in Amravati, Maharashtra, which benefits from excellent connectivity and local availability of raw materials and skilled labor. The company has expanded its capacity by establishing a second manufacturing unit, increasing the total installed production capacity. The business focuses on manufacturing 100% Cotton Yarn across various counts suitable for knitting and weaving applications.

The company's manufacturing process involves a meticulous series of operations to convert raw cotton fibers into finished yarn suitable for various textile products. The raw materials, primarily raw cotton, are sourced from the open market and depend on seasonal crop availability. The company maintains relationships with various vendors for raw material procurement without formal supply contracts. The manufacturing process includes steps such as blow room, carding, breaking, lap forming, combing, and ring spinning to produce the final yarn. Quality control is managed by a dedicated team, and the company operates under various laws and regulations concerning safety, health, and environmental protection.

This section details various insurance policies, employee benefits, and regulatory frameworks relevant to the company's operations. It lists several insurance policies with different insurers and coverage amounts, including those from TATA AIG General Insurance Company Ltd. and The New India Assurance Co. Ltd. It also outlines the insurance coverage as a percentage of total insurable assets for different fiscal years. Furthermore, the text discusses human resource policies focused on recruiting and training personnel, including a training center within the manufacturing facility. Finally, it provides details on various laws and regulations pertinent to the business, such as those related to textiles, environment, and pollution control.

This section primarily lists various Indian laws applicable to the company's operations, covering aspects related to shops and establishments, taxation, employment, and intellectual property. It details numerous acts such as the Maharashtra Shops and Establishments Act, the Indian Stamp Act, various tax laws like the Income Tax Act and GST, labour codes like the Code on Wages and the Occupational Safety, Health and Working Conditions Code, and laws concerning trade unions and social security. Furthermore, it mentions intellectual property legislation and foreign investment regulations.

This section primarily outlines various Indian laws and acts that regulate different aspects of commerce, transactions, and data handling. It details the scope of various legislation including the Negotiable Instruments Act, Consumer Protection Act, Transfer of Property Act, Arbitration and Conciliation Act, Information Technology Act, Digital Personal Data Protection Act, Companies Act, Sale of Goods Act, Registration Act, and the Indian Contract Act. The text specifies which entities have compliance requirements depending on their involvement in issuing instruments, dealing with consumer rights, transferring property, entering into contracts, or handling digital data.

The company was originally incorporated as a private limited company on December 9, 2020, under the name ‘Shreedhar Spinners Private Limited’. Subsequently, it was converted into a public limited company through resolutions passed by the Board and shareholders on October 6, 2025, and November 1, 2025, resulting in a name change to “Shreedhar Spinners Limited” and a new certificate of incorporation dated November 17, 2025. The company has received several industry accreditations, including various standards from OEKO-TEX, GOTS, and others, and has planned for the commencement of production at a proposed Manufacturing Unit 2 in 2026. The company has not experienced any time or cost overruns in project setups and has no defaults or restructuring of borrowings. The company currently has a holding company, Shreedhar Cotsyn Private Limited, but does not have any subsidiaries, associates, or joint ventures.

The company is Shreedhar Spinners Limited, which is incorporated in India under the Companies Act, 2013. Its registered office is located in Mumbai, Maharashtra. The company's Corporate Identification Number (CIN) is U17299MH2020PLC351591. The definitions section also mentions various roles and entities related to the company and its governance structure.

This section details various definitions related to the issuance process, investor types, and relevant agreements for the public issue. It defines terms such as Foreign Portfolio Investor, fraudulent borrower, the structure of a fresh issue, the documentation requirements, and the process for accepting applications. Key aspects include the timing for accepting applications, the minimum lot size, and the different categories of investors involved.

This section primarily lists various terms and abbreviations used within the document, covering financial, legal, and regulatory concepts. It defines terms such as various financial metrics like CAGR, EBITDA, PAT, and ROE, alongside different types of investment funds (AIFs, FPIs, FVCI) and various corporate and financial laws. The text also includes definitions for various financial years, accounting standards, and specific regulatory bodies.

This section outlines various conventions regarding the use of terms, time, and numerical units within the Prospectus. It clarifies that references to certain terms have specific meanings, defines the jurisdiction as the Republic of India and its territories, and specifies that time references are generally in Indian Standard Time (IST) and calendar years unless otherwise stated. The text also details how financial statements are prepared, the rounding practices applied to figures, and the differences between various accounting standards. Furthermore, it discusses the reliance on third-party industry reports and the limitations of information provided.

This section details the authorized and issued equity share capital of the company as of the date of the Prospectus. The authorized share capital is set at 2,50,0 equity shares with a face value of ₹10 each, corresponding to an aggregate value of ₹2,500.00 Lakhs. The issued, subscribed, and paid-up share capital is 1,56,50,000 equity shares, with an aggregate value of ₹8,294.50 Lakhs. The company is currently considering a fresh issue of up to 57,88,000 equity shares. The section also provides a history of various share allotments and details regarding the issuance of equity shares for consideration other than cash, bonus issues, or revaluation reserves.

The company has no plans to issue shares to employees under an ESOP/ESPS scheme. Transactions in equity shares by the Promoter and members of the Promoter group must be reported to stock exchanges within 24 hours. The document details the shareholding pattern as of the prospectus filing date, showing a breakdown between Promoter and Promoter Group holdings. Various historical shareholding percentages are provided, showing that a significant shareholder, Shreedhar Cotsyn Private Limited, has consistently held a large portion of the equity capital over different timeframes. Furthermore, there are no plans for further capital issuance or changes to the capital structure within six months.

The section details the shareholding of the company's promoters and promoter group, showing that they collectively held 95.38% of the issued equity shares as of the prospectus date. The section also outlines various capital build-up events, including rights issues, conversions of loans into equity, and transfers of shares over time. Furthermore, it specifies rules regarding the locking-in of promoter contributions for different periods and details concerning the eligibility of these contributions under SEBI (ICDR) Regulations.

This section details various regulations concerning the pledge and transferability of equity shares held by the company's promoters. It outlines conditions under which pledged shares can be used as collateral for loans from scheduled financial institutions, specifying different lock-in periods based on the amount of promoter contribution. Furthermore, it discusses the transferability of locked-in shares to other promoters or persons within the promoter group, subject to continuing lock-in periods. The text also mentions requirements for share allotment, such as the possibility of retaining over-subscription for rounding off, and clarifies that no such arrangements exist for the purchase of equity shares.

The company proposes to use the net proceeds from the fresh issue to fund several key operational requirements. These proposed uses include financing incremental working capital needs, purchasing machinery for the existing manufacturing facility, and covering general corporate purposes. The deployment of these funds is subject to various factors, including market conditions and the timing of the issue completion. The company emphasizes that the actual deployment of funds may require adjustments based on these factors, and that the plan has not been appraised by any independent agency.

The section details various aspects related to inventory holding levels, trade receivables, and the proposed utilization of net proceeds from the issue. Inventory levels for raw materials, work-in-progress, and finished goods are discussed in relation to scaling up operations and meeting demand. Trade receivables have shown an increase, partly due to deeper market penetration and strategic investments. The text also outlines the planned use of net proceeds, including funding for capital expenditure on new machinery and allocation for general corporate purposes.

This section details various expenses related to the issue, including fees payable to the Registrar, legal advisors, auditors, and professional agencies, advertising, and printing costs, which collectively account for 100.00% of the total issue size. It also outlines various commission and processing fees payable to different types of bidders, such as Individual and Non-Institutional Bidders, depending on how the applications are procured. Furthermore, the text discusses various provisions regarding the use of net proceeds, such as restrictions on investing in equity securities, the lack of bridge financing, and monitoring mechanisms for fund utilization.

This section provides various financial metrics, including Profit/E ratios, Return on Net Worth (RoNW), Net Asset Value (NAV), and comparisons with industry peers. It details performance indicators for different financial years, including revenue, profitability, and asset utilization. Furthermore, it outlines Key Performance Indicators (KPIs) that the company uses to analyze business performance, which have been approved by the Audit Committee.

This section details the justification for the offer price based on various factors and historical transactions. It confirms that no primary or secondary issuances of equity shares have occurred within the specified periods. The justification for the issue price is linked to long-term customer relationships, integrated infrastructure, management team experience, focus on quality, locational advantage, and cost-effective production. Furthermore, the offer price is justified by comparing it against weighted average costs of acquisition and considering key performance indicators and financial ratios.

This section details special tax benefits available to the Company and its shareholders, primarily concerning corporate tax rates and deductions under the Income Tax Act. The Company is eligible for a reduced corporate tax rate under Section 115BAB of the Income Tax Act, 1961. Furthermore, certain deductions related to employment of new employees and inter-corporate dividends are available, with provisions that apply even when the Company opts for a concessional tax rate. The text also mentions provisions related to export of goods and services under GST law and incentives for sales within Maharashtra State.

This section primarily details various definitions and terms related to the issuance process, including definitions for directors, key managerial personnel, various parties involved in the issuance (like Applicants, Investors, and Intermediaries), and the legal framework governing the public issue. It also outlines the required documentation, such as the Draft Red Herring Prospectus, and the banking arrangements for collecting funds.

Prospective investors should be aware of several risks associated with the investment, including issues related to promoter share pledges, debt covenants, related party transactions, operational dependencies, and supply chain vulnerabilities. The company's business is highly dependent on its operating facility in Amravati, which faces various operational risks. Furthermore, revenue concentration in Maharashtra poses a risk due to regional adverse developments, and the business relies on short-term procurement agreements for raw materials, exposing it to price volatility and supply disruptions. Competition is also noted as a factor affecting the business.

The company faces significant risks stemming from the highly competitive and unorganized nature of the textile industry, which can lead to pricing pressures and reduced profit margins. Operations are also subject to seasonal volatility due to the nature of raw cotton as an agricultural commodity, impacting revenue and profitability. Furthermore, the business has substantial working capital requirements to fund procurement, manufacturing, and inventory, which are funded through borrowings and internal accruals. Insufficient cash flows could adversely affect operations.

The section details various regulatory approvals, compliance confirmations, and eligibility criteria related to the issuance of securities. The company has received in-principle approvals for listing from the National Stock Exchange of India Limited. Furthermore, the company confirms compliance with various regulations concerning the promoter group, directors, and the issuance process itself. It outlines specific eligibility criteria under SEBI (ICDR) Regulations for the issue, including requirements related to post-issue paid-up equity share capital and track record.

The section details various disclaimers, jurisdictional clauses, and regulatory filings related to the issuance of the Prospectus. It outlines restrictions on who can invest in the securities and specifies the jurisdiction for any disputes. Furthermore, it mentions that the Prospectus has been filed with SEBI for observations, and clarifies that the Equity Shares may not be offered or sold in certain jurisdictions without adhering to local legal requirements. The text also covers permissions granted by the NSE for using its name in the Offer Document and the process for obtaining necessary consents from various parties.

This section details various aspects related to the issuance of equity shares, including the legal framework governing the issue, the authority granted for the issue, and the ranking of the new equity shares. It specifies that the issue is subject to several laws and regulations, including the Companies Act, SEBI (ICDR) Regulations, and various listing regulations. Furthermore, it outlines the terms for the issue price, including the Floor Price, Cap Price, and the Anchor Investor Offer Price, and details how the price band will be determined.

The section details various aspects related to the issuance process, including the determination of the Issue Price, the compliance requirements under SEBI (ICDR) Regulations, and the rights of equity shareholders. It specifies rules regarding the allotment of equity shares in dematerialized form and the agreements signed with Depositories and the Registrar to the Issue. Furthermore, it outlines minimum application sizes, trading lot sizes, and the minimum number of allottees required for the issue to proceed.

The section details various procedural requirements related to bid uploading, price band revisions, minimum subscription levels, and migration criteria for listing on the main board. It outlines conditions for bid acceptance, the process for revising the price band, and stipulations regarding the minimum application size and number of allottees. Furthermore, it specifies criteria for migration to the main board platform, including requirements for paid-up capital, market capitalization, market liquidity, operating profit, net worth, promoter holding, and track record.

This section details various aspects of the issue process, including market maker reservations, allotment proportions, and payment modes. It specifies different allocation rules based on the investor category, including provisions for spill-over allocations. Furthermore, it outlines the rules for bid size, payment methods such as ASBA and UPI, and various regulatory circulars that govern the public issue process. It also addresses timelines for fund blocking and potential compensation for delays.

The section details various phases of public issue implementation, including Phase I, II, and III, which have different timelines and procedures. Phase III mandates a reduced time from offer closure to listing, and specifies requirements for the UPI mechanism. It outlines specific requirements for investor grievance redressal under UPI circulars, including nodal officer appointments and timely unblocking of funds. Furthermore, it specifies conditions for releasing processing fees and details regarding the various entities authorized to participate in the issue, such as Designated Intermediaries and the use of UPI.

This section outlines various categories of entities eligible to participate in the issue, including companies, mutual funds, financial institutions, and various investment funds. It also details restrictions on who can make applications, such as minors, partnership firms, and foreign nationals, and clarifies rules regarding the application size and bidding process. Furthermore, it specifies procedures for bid submission, including the use of various modes (physical or electronic), fund verification, and the handling of bids from different investor types like Anchor Investors and QIBs.

This section details various restrictions and requirements related to different categories of investors bidding for the equity shares, including NRIs, FPIs, FVCIs, AIFs, Limited Liability Partnerships, Banking Companies, Systemically Important NBFCs, Insurance Companies, Provident Funds, and Anchor Investors. It outlines specific documentation required for bids from certain entities, such as registration certificates, and sets investment limits based on various regulatory frameworks like FEMA, SEBI regulations, and RBI guidelines. Furthermore, it specifies conditions for investment by different investor types, such as restrictions on holding limits and procedures for multi-investment manager structures.

This section details various procedural and contractual stipulations related to the bidding and allotment process, including restrictions on anchor investors and different bid types. It outlines conditions for bid withdrawal, the process for handling bids made through various entities, and the mechanism for payment, particularly concerning Application Supported by Blocked Amount (ASBA). Furthermore, it discusses the role of different intermediaries, the verification of bidder details, and the finalization of the offer price based on market demand.

This section outlines numerous instructions and prohibitions related to the submission of Bid cum Application Forms, particularly concerning fund blocking mechanisms and the use of various payment methods. It details requirements for mentioning correct account numbers, signatures, and ensuring that funds are available in the ASBA account equivalent to the bid amount. Furthermore, it specifies rules for IBs using the UPI mechanism, including authorization for fund blocking and the use of specific UPI IDs. The text also includes various 'Don'ts' regarding bid amounts, submission methods, and the handling of bid revisions and various bidder categories.

This section details various compliance and procedural issues related to the bid and allotment process for equity shares. It outlines several instances where bids or applications do not comply with prescribed rules, such as mismatches in amounts, missing required identification details, or bids below/above specified price limits. Furthermore, it discusses the rejection rights of the company in consultation with the Registrar and Broker-Dealer (BRLM), and procedures for handling delays in fund unblocking. It also specifies the basis for allotment, including the possibility of spill-over between different investor categories.

This section details various procedures and conditions related to the allotment process, including different categories of bidders (Individual, Non-Institutional, QIBs, Anchor Investors), the handling of oversubscription, and the flow of events from bidding closure to allotment. It outlines specific rules for allotment based on demand thresholds, the allocation of portions to different investor types, and the responsibilities of various intermediaries in ensuring fair allotment. Furthermore, it specifies requirements for the submission of applications, including the use of third-party accounts and the necessity of providing demographic details.

This section outlines various procedural and legal undertakings related to the issuance process, including the publication of a Pre-Offer advertisement in specified newspapers, the intent to sign an Underwriting Agreement, and the filing of the Prospectus with the Registrar of Companies (RoC). It details liabilities concerning fraudulent activities under the Companies Act, 2013, and sets forth undertakings regarding the timely completion of listing formalities and the handling of refunds. Furthermore, the text discusses restrictions on foreign ownership of Indian securities and the requirements for investment by entities from countries sharing land borders with India.

This section primarily outlines the main provisions of the Articles of Association of the company, including definitions and various powers granted to the company. It details the applicability of certain regulations, definitions for terms like 'Act', 'Director', and 'Depositories', and procedures related to share capital and issuance. The articles grant the Board certain powers regarding the issue and disposal of shares, including provisions for increasing subscribed capital and the rights of shareholders concerning share classes.

This section primarily outlines the provisions related to calls on shares, the liability of members for unpaid amounts, and the process for the dematerialization of securities. It details the Board's power to make calls, the notice period for payment, and the consequences for non-payment, including interest accrual. Furthermore, the text covers the Company's entitlement to dematerialize securities under the Depositories Act, 1996, and the process for re-materializing them upon a request from a Beneficial Owner.

This section details various provisions related to the company's corporate actions, including the power to modify share capital, the conversion of shares into stock, and procedures for general meetings. It outlines rules for annual and extraordinary general meetings, including notice periods and quorum requirements. Furthermore, the text covers rules regarding voting rights, proxy appointments, and the composition and appointment of the Board of Directors.

This section outlines various procedural and governance rules for the Board of Directors, including requirements for board meetings, quorum, notice periods, and decision-making processes. It details how directors can participate in meetings, the delegation of powers to committees, and the validity of resolutions. Furthermore, it covers provisions related to the Board's power to make filings with governmental authorities and the Board's authority over borrowing money. The text also discusses the declaration and payment of dividends, including provisions for dealing with unpaid or unclaimed dividends.

This section details various provisions related to the application and distribution of amounts, including how they can be applied towards paying up shares, using securities premium or capital redemption reserves, and the Board's power to effect such resolutions. It also covers provisions for indemnification of company officers and directors against liabilities incurred in the execution of their duties, except in cases of willful neglect. Furthermore, the section outlines requirements for the maintenance of proper books of accounts and financial statements, including the possibility of keeping them in electronic format. It also specifies rules regarding who can inspect company accounts and documents, and mandates that such books accurately reflect the company's affairs.

The provided section consists entirely of declarations from the company's directors affirming compliance with various laws and regulations. The declarations certify that all relevant provisions of the Companies Act, 2013, and guidelines issued by the Government of India and the Securities and Exchange Board of India have been complied with. Furthermore, they certify that no statement in the Prospectus contradicts the provisions of the Companies Act, the Securities Contracts (Regulation) Act, 1956, and the Securities and Exchange Board of India Act, 1992. The text includes signatures and details from multiple directors.

The provided section consists of two declarations affirming compliance with various laws and regulations. The first declaration certifies that all relevant provisions of the Companies Act, 2013, and guidelines issued by the Government of India and the Securities and Exchange Board of India have been complied with. The second declaration similarly certifies compliance with the same laws and regulations, ensuring that no statement in the Prospectus contradicts the provisions of the Companies Act, the Securities Contracts (Regulation) Act, and the Securities and Exchange Board of India Act.

The text discusses various financial and operational risks for the company, including the potential impact of raising additional funds through debt or equity, which could affect earnings and the equity share price. It highlights risks related to managing inventory and trade receivables, such as potential write-offs and liquidity issues if creditworthiness is not properly evaluated. Furthermore, the company faces outstanding litigation, pending proceedings before various authorities, and potential adverse judgments. Operational risks include dependency on labor availability, vulnerability to disruptions in third-party transport logistics, and potential issues with contract execution and payment from customers. The company also faces risks related to the lease agreements for its registered office and manufacturing unit premises.

The section discusses various risks related to the company's operations, including credit rating downgrades, fire hazards, potential conflicts with a holding company, and issues with trademark protection. It details that the company has not registered its logo or trademarks, exposing it to risks from third-party imitation. Furthermore, it addresses compliance issues concerning the timely filing of certain statutory forms with the Registrar of Companies. The text also covers risks associated with changes in government policies affecting the textile sector, dependency on power supply, and the potential for under-utilization of manufacturing capacity.

The section discusses several operational and compliance risks faced by the company. These include the susceptibility of raw materials and finished products to deterioration and color fading during storage, which could lead to financial losses. Furthermore, the text highlights risks associated with IT system failures, security breaches, and the potential for legal liability arising from such incidents. There are also disclosed instances of delays in paying statutory dues and filing returns, which were sometimes regularized with interest and penalties. The company also faces risks related to the lack of registered trademarks and potential issues with the difference between Indian GAAP and other accounting principles. Finally, financing agreements contain covenants that limit operational flexibility, and the inability to meet these obligations could negatively impact the business.

The section discusses various operational and financial risks faced by the company, including the challenges of obtaining and renewing necessary regulatory approvals, which could interrupt operations. It also highlights risks associated with unsecured loans being recalled, which could affect liquidity and working capital. Furthermore, the text details the dependence on accurate customer demand forecasting for raw materials like cotton bales and finished yarn, and the potential for inventory mismatches to negatively impact financial performance. The business is also exposed to risks related to maintaining stringent quality standards, as failures could lead to product rejections and reputational harm. The company's growth strategies are noted as being vulnerable to external factors such as the general economic condition and changes in the regulatory environment. Finally, the section addresses potential conflicts of interest and the reliance on the services of promoters and management personnel for the business's success.

The section discusses various risks related to the company's operations, including the impact of changing government regulations, taxes, and financial policies on the business. It highlights potential disruptions from government changes, the effect of various levies, and the influence of political instability or economic liberalization on the business. Furthermore, the text addresses the uncertainty regarding the accuracy of statistics used in the prospectus and the potential harm from global economic and political factors. Risks also include issues related to foreign investment restrictions, the condition of Indian infrastructure, and the potential impact of natural calamities.

This section primarily discusses the risks associated with the offer of equity shares, stating that the offer price may not reflect the subsequent market price, and investors bear the risk of price fluctuations. It details various factors that may influence the trading price of the equity shares, including the company's financial condition, operational results, analyst expectations, and general economic conditions. Furthermore, the text highlights that investors may not be able to resell shares at the quoted price if active trading is absent.

This section details contingent liabilities and commitments, including a bank guarantee provided to MSEDCL, and estimates for contract amounts remaining on capital accounts. It also outlines various related party transactions conducted with entities such as M/s. Shreedhar Cotsyn Private Limited, Mrs. Kusum Devi Agarwal, M/s. Ram Krupa Properties Private Limited, M/s. SRM Spinners Limited, M/s. Siddhartha Super Spinning Mills Limited, and various individuals like Dharmendra Mohandas Goyal, Varesh Goyal, and Mr. Mitesh Pravinbhai Patel. The section also provides information regarding the public issue of equity shares and the regulatory framework governing the allotment process.

This section details various key personnel, intermediaries, and regulatory aspects related to the issuance process. It lists directors such as Atri Maheshvariben Nileshkumar, Varesh Goyal, and Mitesh Pravinbhai Patel, along with their designations and contact information. It also outlines details for the Book Running Lead Manager, the Statutory Auditor, legal counsel, and the Registrar to the Issue. Furthermore, it specifies various SEBI filings, rules regarding monitoring agencies, and the process for book building, including the parties involved in determining the issue price.

This section details various aspects of the securities issuance process under SEBI ICDR Regulations, including the Book Building Process, allocation rules for different investor categories, and the role of underwriters and market makers. It outlines specific rules regarding the allocation of securities to Qualified Institutional Buyers (QIBs), Mutual Funds, and Non-Institutional Bidders, including provisions for anchor investors and retail investors. Furthermore, it specifies the requirements for the Application Supported by Blocked Amount (ASBA) process and the obligations of market makers concerning quotes, inventory management, and potential punitive actions.

The company has five Directors on its Board, consisting of one Executive Director and two Non-Executive Non-Independent Directors, along with two Non-Executive Independent Directors. The Board structure complies with relevant laws regarding the composition of the Board and its committees. Key personnel details include the Chairman & Managing Director, the two Non-Executive Non-Independent Directors, and the two Non-Executive Independent Directors. The profile section details the background and responsibilities of the Promoter and other Directors.

The company has established several committees as required by the Companies Act, 2013 and SEBI Listing Regulations, including an Audit Committee, a Stakeholders Relationship Committee, and a Nomination and Remuneration Committee. The Board composition includes five directors: one Executive Director, two Non-Executive Non-Independent Directors, and two Non-Executive Independent Directors, with two women directors on the Board. The Board is authorized to borrow money up to a limit, and compliance with corporate governance provisions is mandated.

This section outlines various responsibilities related to governance, including reviewing terms of reference, ensuring proper induction programs for new personnel, and developing succession plans for the Board and senior management. It details the structure of the Management Organization, identifying Key Managerial Personnel and Senior Management. Key personnel include the Chairman and Managing Director, the Chief Financial Officer, the Company Secretary and Compliance Officer, and several Senior Management roles covering operations, HR, and procurement. The text also confirms that Key Managerial Personnel and Senior Management are permanent employees and details regarding their interests and compensation are disclosed.

The provided text details various individuals associated with the company, including promoters and directors, along with their shareholding and professional details. Vishal Agarwal is identified as a Non-Executive Non-Independent Director, and Varesh Goyal as the Chief Financial Officer. Several promoters are listed, and details regarding their shareholding percentages are provided. The text also covers aspects related to the corporate structure, changes in control, and various declarations concerning related party transactions and promoter interests.

The section details the relationship between the company and its promoters, lists entities forming part of the Promoter Group, and outlines the criteria for identifying group companies under SEBI ICDR Regulations. It specifies that certain companies with related party transactions or exceeding 10% of revenue have been considered as group companies. Furthermore, it confirms that the group company has no interest in the promotion of the company or in recent acquisitions, and there are no pending material litigations involving the group company.

The section details the Independent Auditor's Examination Report on Restated Financial Information for Shreedhar Spinners Limited, covering various financial statements for different periods. The report confirms that the financial information was prepared by the company's management and the Board of Directors, and outlines the scope of the examination in relation to applicable laws and regulations. The report also details the reliance placed on previous auditor reports and the adjustments made to the financial information.

This section presents the restated financial statements for Shreedar Spinners Limited, including the Statement of Assets and Liabilities, Profit and Loss, and Cash Flow statements, for the years ended March 31, 2026, 2025, and 2024. The financial data shows trends in shareholders' fund, non-current and current liabilities, revenue, expenses, profit before tax, and net profit after tax. The cash flow statement details cash generated from operating, investing, and financing activities, resulting in net changes in cash and cash equivalents.

The provided text outlines the corporate information and basis for preparing restated financial statements for Shreedhar Spinners Limited. It details the company's incorporation history, registered office, and business activity, which is manufacturing cotton yarns. The financial statements were prepared in accordance with Indian GAAP and various regulatory provisions. The text also specifies accounting policies regarding the classification of assets and liabilities, the recognition of property, plant, and equipment, and the treatment of intangible assets such as technical know-how and computer software.

This section details various accounting policies related to the financial statements, including impairment of assets, depreciation/amortization, treatment of investments and inventories, accounting for taxes, foreign currency translations, revenue recognition, borrowing costs, cash and cash equivalents, employee benefits, lease accounting, provisions, and contingent liabilities. It also covers aspects of earnings per share calculation and the structure and rights attached to the equity shares.

The provided text details various financial and legal aspects of Shreedhar Spinners Limited, including shareholding changes, reserves, borrowings, and various liabilities. It outlines the structure of retained earnings and securities premium, details long-term and short-term borrowings from banks, and specifies security terms related to loans, including mortgages and hypothecation of assets. Furthermore, the document mentions corporate guarantees provided by the company for certain entities and details the interest rates applicable to various loans.

This section primarily details various financial statements and asset/liability schedules for Shreedhar Spinners Limited, covering aspects such as Capital Work in Progress, long-term loans, inventories, trade receivables, cash balances, and various current and non-current assets. It also provides information on revenue from operations, other income, and the cost of materials consumed. Furthermore, it highlights the company's eligibility for several government subsidies and incentives under the Maharashtra State Textile Policy and other schemes.

This section primarily details various financial statement notes, including employee benefits expenses, finance costs, depreciation, other expenses, earnings per share, borrowing terms, other income, aging of trade payables, aging of trade receivables, and aging of capital work in progress (CWIP). The data provided covers financial performance and outstanding balances for fiscal years ending March 31, 2026, 2025, and 2024. Specific details are provided regarding salaries, interest on loans, various operational expenses, and the breakdown of loans from different parties.

This section primarily details financial statement reconciliations and related party transactions for Shreedhar Spinners Limited. It includes notes on the restatement of profits and net worth, highlighting adjustments made for items like prior period expenses, depreciation, and provisions for gratuity. Furthermore, it lists various related party transactions, including loans, sales, and remuneration, between the company and several related entities and individuals. The section also presents significant accounting ratios, such as Current Ratio, Debt-Equity Ratio, Debt Service Coverage Ratio, Return on Equity Ratio, Inventory turnover ratio, Trade Receivables turnover ratio, Trade Payables turnover ratio, and Net Capital Turnover ratio, with explanations for variances.

This section details various aspects related to employee benefits, contingent liabilities, and statutory disclosures for Shreedhar Spinners Limited. It covers provisions for gratuity, the impact of changes in labour laws, contingent liabilities such as bank guarantees, and various compliance statements. Furthermore, it includes disclosures regarding transactions with other entities, borrowings, and adherence to certain regulatory requirements.

This section details the financial performance and indebtedness of the company for various fiscal years, including revenue, profit, EBITDA, and net worth figures. It also outlines the sanctioned and outstanding amounts of loans from banks, categorized into secured and unsecured loans. The section further specifies the terms and conditions related to these loans, including security, interest rates, and repayment terms.

The provided text details various financial and operational aspects of the company, including security arrangements and performance metrics. It outlines that the Cash Credit Facility is secured by various charges, including hypothecation of current assets and fixed assets, and a registered mortgage on office premises. Furthermore, it lists several guarantors for the company's loans. The document also discusses the business overview, noting the manufacturing capacity and product range, and highlights several risks related to raw material sourcing, demand, and operational continuity. It concludes with a presentation of key performance indicators for different fiscal years.

This section details the classification of revenue and expenses, followed by a comparison of financial results across fiscal years. Revenue is divided into operations and other income, while expenses are categorized into various components such as cost of materials, employee benefits, finance costs, depreciation, and other expenses. The results show significant growth in revenue and profit, largely attributed to production capacity expansion, which led to increased consumption of raw materials, higher employee numbers, and increased borrowings.

The company reported growth in various financial metrics between Fiscal 2024 and Fiscal 2025, with total income increasing by 6.39%. Revenue from operations grew by 6.44%, driven by improved operational efficiency and higher capacity utilization, which rose from 94% to 98%. While total expenses also increased by 6.54%, the cost of materials consumed showed limited growth, suggesting improved input efficiency. Financial costs decreased due to scheduled loan repayments, which positively impacted profitability.

The section on related party transactions primarily indicates that such transactions involve remuneration, salary, commission, and the issuance of equity shares by certain promoters, directors, and their related entities. The document directs readers to a specific chapter in the Prospectus for further details on these related parties. Furthermore, the company asserts that it does not have any off-balance sheet arrangements, derivative instruments, or other relationships established for facilitating off-balance sheet arrangements.

The section details various pending litigations involving the Company, its promoters, directors, and group/subsidiary companies. Several disputes have been raised by customs authorities concerning the claiming of exemptions on imported goods, resulting in demands for differential customs duty. Furthermore, there are pending legal actions by a group company against a tax authority, and criminal proceedings have been initiated against a Senior Manager concerning a road traffic accident. Tax proceedings are also noted, including notices for discrepancies in submitted statements and demand orders for less GST payments.

The section details various proceedings and outstanding amounts related to tax matters, including a summary order received by the Group Company for excess Input Tax Credit (ITC) claims, which was subsequently appealed and rejected. It also mentions outstanding amounts for a specific year and pending appeals before the Rajasthan High Court. Furthermore, the document outlines the Board's criteria for considering dues owed to small-scale undertakings and creditors as material, based on a threshold exceeding 10% of trade payables. Finally, it lists numerous approvals, licenses, and registrations obtained from various Central and State Governments and regulatory authorities for business operations and the issuance process.

This section details various regulatory and quality certifications obtained by Shreedha r Spinners Private Limited, primarily related to factory operations, product quality, and labour compliance. The documentation includes certificates for factory operation, stability, and various quality management systems (like ISO standards). Furthermore, the company has obtained approvals for employee provident funds, state insurance, and various labour registrations. There are also details regarding intellectual property rights, including a domain name registration.

The provided section primarily details the registration formalities for various Trade Marks. It mentions that the above-mentioned trademarks have been applied by the Corporate Promoter and that a No Objection Certificate (NOC) has been obtained from the Corporate Promoter for the Company to use them.