Sillverton Industries Limited

This section details various corporate and offering information related to Sillverton Industries Limited. It outlines the history of the company's incorporation and subsequent name changes, including its conversion from a private to a public company. It also specifies the structure of the Initial Public Offering (IPO), including the types of issues and the parties involved in the sale. Furthermore, it provides qualitative factors that form the basis for determining the Offer Price, such as the diversified product portfolio, the extensive distribution network, the strategic location of facilities, and the focus on sustainability and recycling capabilities.

The company demonstrates a financially stable business model, evidenced by organic growth in revenues and profitability. The company achieved the highest Return on Equity (RoE) for FY 26 and the highest growth in Profit After Tax (PAT) from FY 24 to FY 26, according to the CRISIL Report. Key quantitative factors, including Earnings Per Share (EPS), Price/Earning (P/E) ratios, Return on Net Worth (RoNW), and Net Asset Value (NAV), are provided for offer price computation. The company's KPIs are used to track performance against industry peers, and the company commits to periodic disclosure of these KPIs.

This section presents various financial performance indicators for several listed industry peers, including Sillverton Industries Limited, JK Paper Limited, Kuantam Papers Limited, Seshasaye Paper and Boards Limited, and West Coast Paper Mills Limited, covering different financial years. It details metrics such as EPS, borrowings, net worth, return on equity, and debt/equity ratios. Furthermore, the section outlines the product portfolio, which includes writing and printing paper, kraft paper, cupstock paper, and other special grade papers with diverse applications across retail, corporate, packaging, and pharmaceutical sectors. It also specifies the range of paper availability in grams per square meter for these products.

The section details various paper product specifications and outlines the installed manufacturing capacity and utilization of the facility. It lists specifications for different paper types, including copier paper, various Kraft papers, and specialized silver-based papers. Furthermore, it provides historical data on the utilization of different product categories over fiscal years, showing production and utilization percentages. The text also discusses expansions to the manufacturing capacity and details the contractual arrangements for packaged drinking water production.

The provided section details various financial metrics definitions, breakdowns of revenue by product, and geographical revenue distribution. It includes definitions for Inventory Days, Paper Manufacturing Capacity, and various Compound Annual Growth Rates (CAGR) for Revenue, EBITDA, and PAT over a specific period. Furthermore, it presents a detailed product-wise revenue split, a breakdown of revenue from different regions (India and exports), and information on the number of dealers and the revenue generated through them. Finally, it provides details on repeat orders from top customers and the current employee count categorized by department.

The company reported internal reclassification of employees across departments as of June 30, 2026, and had 85 contract laborers involved in manufacturing operations. The company maintains a total of 275 dealers distributed across various states and regions, with detailed state-wise breakdowns provided. Furthermore, the company spent specific amounts towards CSR activities in fiscal years 2026, 2025, and 2024, with certain amounts set off. The section also details the Key Managerial Personnel, including the roles and experience of key financial personnel.

This section details the process of an Independent Auditor's Examination Report concerning the Restated Financial Information for Sillverton Industries Limited, which is related to a Proposed Initial Public Offering. The report outlines the documents examined, including various statements of assets, liabilities, profit and loss, changes in equity, cash flows, and accounting policies. The financial information was approved by the Board of Directors for inclusion in the Draft Red Herring Prospectus, Red Herring Prospectus, and Prospectus documents. The section also defines the responsibilities of the Company's management and the Auditors, and specifies the standards under which the work was performed.

This section presents various financial statements and notes related to the company's performance and assets. The Restated Statement of Profit and Loss shows figures for the years ended March 31, 2026, 2025, and 2024, detailing income, expenses, and profit before tax. The Restated Statement of Cash Flows details cash movements from operating, investing, and financing activities. Furthermore, there are detailed notes on the accounting policies, the breakdown of Property, Plant and Equipment, and Capital Work in Progress, including adjustments like capital subsidies received.

The section details various financial and operational aspects of the company, including the breakdown of assets, capital work in progress, and financial instruments. It outlines that the company does not have any Capital Work-in-Progress (CWIP) whose completion is overdue or whose cost has exceeded the original plan as of March 31, 2026. Furthermore, it mentions that the company capitalized borrowing costs for qualifying assets during the year, relating to funds borrowed for acquisition and construction. The text also covers details regarding lease agreements, noting that all leases fall under the short-term category, and provides schedules for various financial assets, including investments, trade receivables, and cash balances.

This section details various financial balances and liabilities of the company as of March 31, 2026, 2025, and 2024, including retained earnings, various borrowings, and trade payables. It outlines the movement in reserves, the details of secured and unsecured loans from different banks, and the structure of various financial liabilities such as term loans, security deposits, and trade payables. Furthermore, it provides information on the classification and terms of these borrowings, including interest rates and security arrangements.

This section details various financial statements for M/s Sillverton Industries Limited, including current liabilities, provisions, revenue, cost of materials, and various operating and finance costs. The data is presented for the years ending March 31, 2026, 2025, and 2024, in INR Million. Key financial figures include advances received, various payable fees, provisions for gratuity and income tax, revenue from sales, cost components like raw materials and consumables, and detailed breakdowns of employee benefits, finance costs, other expenses, and various charges.

This section details various financial statements and disclosures for M/s Sillverton Industries Limited, including manufacturing expenses, tax details, earnings per share, CSR expenditure, financial instruments, and risk management policies. It presents historical data for manufacturing costs, tax expenses, and various financial figures over several years. Furthermore, it outlines contingent liabilities such as income tax demands, GST issues, and environmental compensation claims, along with the company's approach to managing financial risks like market, credit, and liquidity risks.

This section details various aspects of the financial reporting and governance of M/s Sillverton Industries Limited, including disclosures related to dues to Micro, Small and Medium Enterprises (MSMED Act), related party transactions, segment reporting, capital management, employee benefits, and the first-time adoption of Indian Accounting Standards (Ind AS). It outlines the monitoring of the company's gearing ratio, the operating segment identified, and the accounting standards used for financial statements.

This section presents various financial ratios and regulatory compliance statements for M/s Sillverton Industries Limited. The financial ratios show changes in various metrics, such as Current Ratio, Debt-Equity Ratio, Debt Service Coverage Ratio, Return on Equity Ratio, Inventory Turnover Ratio, Trade Receivable Turnover Ratio, Trade Payable Turnover Ratio, Net Capital Turnover Ratio, Net Profit Ratio, Return on Capital Employed, and Return on Investment, comparing different fiscal years. Additionally, the document details several compliance points, including the status of Property, Plant and Equipment revaluation, restrictions on lending or investing in other entities, filing of quarterly statements with banks, non-surrender of undisclosed income transactions, non-advancement of funds to certain persons, non-entry into certain schemes of arrangement, and no pending proceedings related to benami property.

This section contains several declarations affirming compliance with various laws and regulations. Multiple individuals, including Independent Directors and the Chief Financial Officer, have signed declarations certifying 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 have been complied with. Furthermore, they certify that the statements made in the Addendum are true and correct.

This section contains declarations from various promoters and selling shareholders regarding the truthfulness of statements and disclosures made in an Addendum related to equity shares being offered. Each signatory confirms the accuracy of their specific statements concerning themselves and the shares offered, while explicitly assuming no responsibility for statements made by others or relating to the company in general.

This section contains declarations by several individuals acting in their capacity as a Promoter Group Selling Shareholder. Each declaration confirms that the statements, disclosures, and undertakings made or confirmed in an Addendum specifically relating to themselves and the equity shares being offered are true and correct. Furthermore, each signatory assumes no responsibility for any other statements, disclosures, or undertakings made by or relating to the Company or any other selling shareholder or person within the Addendum.