TC Terrytex Limited IPO

The company's top ten customers contribute a significant portion in the revenue of the Company. Any loss of business from one or more of them may adversely affect its revenues and profitability.

The company depends on third-party suppliers and logistics service providers and do not have long-term supply agreements, which exposes the company's to risks relating to availability, pricing, quality, and timely delivery of raw materials, which could adversely affect its business, results of operations, and financial condition.

The company's Promoter Group company, Satia Synthetics Limited, whose Managing Director and Promoter is Anil Satia, the father of Akhil Satia, had defaulted on certain loan obligations in the past, and the company's Promoter and Managing Director, Akhil Satia, along with Ankit Satia (a member of the Promoter Group and brother of Akhil Satia), had extended personal guarantees in connection therewith; although such defaults have been resolved pursuant to a onetime settlement with an asset reconstruction company and no longer subsist as on the date of this Draft Red Herring Prospectus, any adverse developments in relation thereto, any violation of the terms and conditions of such one-time settlement, or any similar instances in the future may adversely affect its business, reputation and financial condition.

Any downgrade or adverse revision in the company's credit ratings, or in the sovereign credit ratings of India or other jurisdictions in which the company operates, may have an adverse effect on its business, financial condition, results of operations and the trading price of the company's Equity Shares

The company derives a significant portion of its revenues from exports, and any adverse developments in international markets or in key export destinations may have an adverse effect on the company's business, financial condition, results of operations and cash flows.

There have been delays in payment of statutory dues by the Company. Inability to make timely payment of its statutory dues could result us into paying interest on the delay in payment of statutory dues which could adversely affect the company's business, financial condition, results of operations, and cash flows.

For the six-month period ended September 30, 2025, and during Fiscal 2025, 2024 and 2023, the attrition rate of the company's employees was 35.35%, 66.71%, 59.02% and 57.23%, respectively. If the company is unable to hire, integrate, train and retain qualified personnel, or if the company experiences high attrition levels, which may be beyond its control, the company's business, financial condition, results of operations and cash flows could be adversely affected.

Any disruption in the company's manufacturing facility, equipment or information technology systems could adversely affect its operations.

The Company has not entered into any long-term contracts with any of its customers and the company typicallys operate on the basis of purchase orders. Inability to maintain regular order flow would adversely impact its revenues and profitability.

The company has selected providers of its heavy semi-automated machinery which have inbuilt technical support services for the maintenance and smooth functioning of the company's equipment's and machineries. This makes the company heavily reliant on overseas manufacturers of all its equipment, and the company relies on only limited number of overseas manufacturers.