Twinkle Papers Ltd IPO

Experienced and Qualified Management and Employee base.

Strong and Consistent Financial Performance.

Growing customer base.

Scalable and reliable business model.

Experienced Promoters and Senior Management with extensive domain knowledge.

The Company, Promoters, and Directors are involved in certain legal and regulatory proceedings. Anyadverse decision in such proceedings may have a material adverse effect on the companys business, financial condition,cash flows and results of operations.

The business and prospects of the Company is majorly dependent on the success of a limited number ofproducts, with income from the sale of Pallets, Crates, Cans/Polyjars/ Jerry Cans/ Drums, constituting77.70%, 60.79%, 60.34% and 48.01% of the companys revenue from operations in the nine-month period endedDecember 31, 2024 and Fiscals 2024, 2023 and 2022, respectively, and any slowdown in the demand forPallets, Crates, Cans/Polyjars/ Jerry Cans/ Drums, could have a material adverse effect on the companys business,financial condition, cash flows and results of operations.

The company derives a significant part of the companys revenue from selected customers. If one or more of such customerschoose not to source their requirements from the company, the companys business, financial condition and results of operationsmay be adversely affected.

The Company is dependent on few suppliers for purchase. Loss of any of these large suppliers may affectits business operations.

The company has delayed in filing some Statutory dues and returns of Good and Service Tax, EmployeeProvident Fund, Employees State Insurance. Delay in making any Statutory payments viz. Tax Deducted atSource, Income Tax, Good and Service Tax, Employee Provident Fund, or any other Statutory dues whichmay attract any penalty or demand raised by statutory authorities in future will affect financial position ofthe Company.

Major proportion of the companys revenue from operations derives from the state of Punjab. any adverse changes inthe conditions affecting these regions can adversely affect its business, financial condition and results ofoperations.

There is an increased awareness towards controlling plastic pollution and many economies including Indiahave joined in the efforts to ban certain types of plastic products. In case any key plastic material used by usor end-use consumer product that is packaged using our solutions is banned in India, it could have a materialand adverse effect on the companys business, financial condition, cash flows and results of operations.

Substantial portion of the companys revenues come from the manufacturing of plastic packaging products.

The companys trademarks may be subject to infringement by third-parties, potentially leading to intellectual propertydisputes and adversely affecting its business prospects, reputation and goodwill.

The companys inability to identify customer demand accurately and maintain an optimal level of inventory couldadversely affect its business, financial condition, cash flows and results of operations.