Harikanta Overseas IPO Review & Recommendations

Notes:

• Considering the nature and size of the business of the Company the peers are not strictly comparable. However, above company is included for broad comparison.
• The figures for Harikanta Overseas Limited are based on the restated consolidated financial statements for the year ended March 31, 2025.
• The figures are based on the Audited Standalone financial statements for the year ended March 31, 2025 of Betex India Limited and Swasti Vinayaka Synthetics Limited from the Annual reports of the Companies available from the website of the Stock Exchange and website of the Companies.
• CMP of the peer group is as per the closing price as available on www.bseindia.com.
• P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on September 19, 2025 sourced from website of Stock Exchange as divided by the Basic/diluted EPS as applicable.