CHENNAI/KOCHI, FRIDAY, SEPTEMBER 25, 2026 FOLLOW US ON TWITTER & FACEBOOK. APP AVAILABLE ON APP STORE & PLAYSTORE WWW.FINANCIALEXPRESS.COM READ TO LEAD VOL NO. XLVII 119, 32 PAGES, `12.00 P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , H Y D E R A B A D , K O C H I , K O L K ATA , L U C K N O W, M U M B A I , N E W D E L H I , P U N E THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA. INITIAL PUBLIC OFFERING OF EQUITY SHARES ON THE MAIN BOARD OF BSE LIMITED (“BSE”) AND “NATIONAL STOCK EXCHANGE OF INDIA LIMITED (“NSE”, AND TOGETHER WITH BSE, THE “STOCK EXCHANGES”) IN COMPLIANCE WITH CHAPTER II OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (“SEBI ICDR REGULATIONS”). ORIENT CABLES (INDIA) LIMITED (TO BE LISTED ON THE MAIN BOARD OF BSE AND NSE) (Please scan this QR code to view the Red Herring Prospectus and the Abridged Prospectus) Our Company was originally incorporated as “Orinet Cables (India) Private Limited” as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 15, 2005, by the Registrar of Companies, N.C.T. of Delhi and Haryana at New Delhi. Subsequently, the name of our Company was changed to “Orient Cables (India) Private Limited” for the purpose of rectifying a typographical error in recording the name of our Company, pursuant to a Board resolution dated March 5, 2007 and a resolution passed in the extra ordinary general meeting of the Shareholders held on April 9, 2007 and consequently a fresh certificate of incorporation dated April 24, 2007 was issued by the Registrar of Companies, N.C.T. of Delhi and Haryana at New Delhi. Thereafter, our Company’s name was changed to “Orient Cables (India) Limited” upon conversion to a public limited company pursuant to a Board resolution dated November 22, 2024 and a special resolution passed in the extra ordinary general meeting of the Shareholders held on November 25, 2024, and consequently a fresh certificate of incorporation dated December 13, 2024 was issued by the Registrar of Companies, N.C.T. of Delhi and Haryana at New Delhi. For further details, see “History and Certain Corporate Matters – Brief History of our Company” on page 254 of the Red Herring Prospectus dated September 21, 2026 (“RHP”) to be read with Addendum to the RHP dated September 23, 2026 (“Addendum”). Registered Office: House No. 8 BLK-D, Second Floor, Ashok Vihar PH-1, New Delhi, Delhi – 110 052, India; Corporate Office: 701, 7th Floor Veritas, Golf Course Road, Parsvanth Exotica, Sector 53, Gurugram, Haryana - 122003, India Contact Person: Mona Kaushik, Company Secretary and Compliance Officer; Tel: +91 1493294094, E-mail: compliance@orientcables.in; Website: www.orientcables.in Corporate Identity Number: U31300DL2005PLC140809 OUR PROMOTERS: VIPUL NAGPAL, GARIMA NAGPAL, VARDAAN NAGPAL, VIPUL FAMILY TRUST, GARIMA FAMILY TRUST INITIAL PUBLIC OFFERING OF UP TO [●] EQUITY SHARES OF FACE VALUE OF ` 1 EACH (“EQUITY SHARES”) OF ORIENT CABLES (INDIA) LIMITED (OUR “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF ` [●] PER EQUITY SHARE (“OFFER PRICE”) AGGREGATING UP TO ` 5,520.00 MILLION (THE “OFFER”). THE OFFER COMPRISES OF A FRESH ISSUE OF UP TO [●] EQUITY SHARES BY OUR COMPANY AGGREGATING UPTO `3,200.00 MILLION (THE “FRESH ISSUE”) AND AN OFFER FOR SALE OF UP TO [●] EQUITY SHARES (THE “OFFERED SHARES”) AGGREGATING UP TO ` 2,320.00 MILLION (THE “OFFER FOR SALE”), COMPRISING UP TO [●] EQUITY SHARES AGGREGATING UP TO ` 672.00 MILLION BY VIPUL NAGPAL, UP TO [●] EQUITY SHARES AGGREGATING UP TO ` 157.00 MILLION BY GARIMA NAGPAL, UP TO [●] EQUITY SHARES AGGREGATING UP TO ` 520.00 MILLION BY VIPUL FAMILY TRUST AND UP TO [●] EQUITY SHARES AGGREGATING UP TO ` 971.00 MILLION BY GARIMA FAMILY TRUST (THE “PROMOTER SELLING SHAREHOLDERS”). THE OFFER SHALL CONSTITUTE [●] % OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS `1 EACH AND THE OFFER PRICE IS [●] TIMES THE FACE VALUE OF THE EQUITY SHARES. THE PRICE BAND AND THE MINIMUM BID LOT SIZE WILL BE DECIDED BY OUR COMPANY IN CONSULTATION WITH THE BRLMS, AND WILL BE ADVERTISED IN ALL EDITIONS OF THE BUSINESS STANDARD, AN ENGLISH LANGUAGE NATIONAL DAILY NEWSPAPER WITH WIDE CIRCULATION AND IN ALL EDITIONS OF BUSINESS STANDARD, A HINDI LANGUAGE NATIONAL DAILY NEWSPAPER WITH WIDE CIRCULATION (HINDI ALSO BEING THE REGIONAL LANGUAGE OF NEW DELHI WHERE OUR REGISTERED OFFICE IS LOCATED), AT LEAST TWO WORKING DAYS PRIOR TO THE BID/OFFER OPENING DATE AND SHALL BE MADE AVAILABLE TO THE STOCK EXCHANGES FOR THE PURPOSE OF UPLOADING ON THEIR RESPECTIVE WEBSITES, IN ACCORDANCE WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (THE “SEBI ICDR REGULATIONS”). OFFER FOR SALE BY THE SELLING SHAREHOLDERS AND WEIGHTED AVERAGE COST OF ACQUISITION Name of the Selling Shareholders Type of the Selling Shareholders Number of Equity Shares of face value of ` 1 each Offered/ Amount (in ` million) Weighted Average Cost of Acquisition per Equity Share (in `)* Vipul Nagpal Promoter Selling Shareholder Up to [●] Equity Shares of face value of ` 1 each aggregating up to ` 672.00 million 0.01 Garima Nagpal Promoter Selling Shareholder Up to [●] Equity Shares of face value of ` 1 each aggregating up to ` 157.00 million 0.01 Vipul Family Trust Promoter Selling Shareholder Up to [●] Equity Shares of face value of ` 1 each aggregating up to ` 520.00 million 0.00 Garima Family Trust Promoter Selling Shareholder Up to [●] Equity Shares of face value of ` 1 each aggregating up to ` 971.00 million 0.00 * fi &C C ( 10 0 9 ) f fi S 21 2026 PRICE BAND: `258 TO `272 PER EQUITY SHARE OF FACE VALUE OF `1 EACH. THE FLOOR PRICE IS 258 TIMES OF THE FACE VALUE OF THE EQUITY SHARES AND THE CAP PRICE IS 272 TIMES OF THE FACE VALUE OF THE EQUITY SHARES. BIDS CAN BE MADE FOR A MINIMUM OF 55 EQUITY SHARES OF FACE VALUE OF `1 EACH AND IN MULTIPLES OF 55 EQUITY SHARES OF FACE VALUE OF `1 EACH THEREAFTER. WEIGHTED AVERAGE RETURN ON NET WORTH FOR LAST THREE FINANCIAL YEARS IS 30.66%. THE PRICE TO EARNINGS RATIO (P/E) BASED ON DILUTED EPS FOR FISCAL 2026 FOR THE COMPANY AT THE UPPER END OF THE PRICE BAND IS 51.61 TIMES AND AT THE LOWER END OF THE PRICE BAND IS 48.96 TIMES AS COMPARED TO THE AVERAGE INDUSTRY PEER GROUP P/E RATIO OF 128.11 TIMES. The details of the Fresh Issue, Offer for Sale and the post Offer market capitalization of the Company, each at the Floor Price and the Cap Price, are given below: Particulars Fresh Issue Offer for Sale Total Offer Size Post-Offer market capitalization of the Company BID/OFFER PROGRAMME At Floor Price of `258 per Equity Share Up to No. of Equity Shares of face value of `1 each Up to Amount (` in million) 1,24,03,100 3,200.00 89,92,246 2,320.00 2,13,95,346 5,520.00 29,525.03 At Cap Price of `272 per Equity Share Up to No. of Equity Shares of face value of `1 each Up to Amount (` in million) 1,17,64,705 3,200.00 85,29,409 2,320.00 2,02,94,114 5,520.00 30,953.52 BID/OFFER OPENS TODAY BID/OFFER CLOSES ON: TUESDAY, SEPTEMBER 29, 2026^ ^ UPI mandate end time and date shall be at 5:00 pm on the Bid/Offer Closing Date. We are a manufacturing company with a primary focus on networking cables and passive networking equipment, operating for nearly two decades and catering to high-growth industries including broadband, telecom, data centres, renewable energy, smart building automation/ security, system integration, FMEG and automotive. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations. The Equity Shares of our Company will get listed on the main board of BSE and NSE. NSE shall be the Designated Stock Exchange. QIB Portion: Not more than 50% of the Offer | Non-Institutional Portion: Not less than 15% of the Offer | Retail Portion: Not less than 35% of the Offer. IN MAKING AN INVESTMENT DECISION, POTENTIAL INVESTORS MUST ONLY RELY ON THE INFORMATION INCLUDED IN THE RED HERRING PROSPECTUS AND THE TERMS OF THE OFFER, INCLUDING THE RISKS INVOLVED AND NOT RELY ON ANY OTHER EXTERNAL SOURCES OF INFORMATION ABOUT THE OFFER AVAILABLE IN ANY MANNER. IN RELATION TO PRICE BAND, POTENTIAL INVESTORS SHOULD ONLY REFER TO THIS PRICE BAND ADVERTISEMENT FOR THE OFFER AND SHOULD NOT RELY ON ANY MEDIA ARTICLES/REPORTS IN RELATION TO THE VALUATION OF OUR COMPANY AS THESE ARE NOT ENDORSED, PUBLISHED OR CONFIRMED EITHER BY THE COMPANY OR THE BOOK RUNNING LEAD MANAGER (“BRLMS”). In accordance with the recommendation of committee of Independent Directors of our Company, pursuant to their resolution dated September 21, 2026, the above provided price band is justified based on quantitative factors/KPIs disclosed in the “Basis for Offer Price” section on page 138 of the RHP vis-a-vis the weighted average cost of acquisition (“WACA”) of primary and secondary transaction(s) as applicable, disclosed in the “Basis for Offer Price” on page 138 of the RHP. RISK TO INVESTORS For details, refer to section titled “Risk Factors” on page 18 of the RHP. 1) Brand and Reputation risk: Although our business is primarily B2B where customer relationships, product quality, product reliability and service standards are typically more significant drivers of business than brand recall, our “ORIENT” brand (for which trademark applications have been filed by our Company), nevertheless contributes to market visibility and industry recognition. Any adverse publicity to our brand may have an impact on our customer perception and ability to expand our business relationships. While we undertake efforts to maintain our brand reputation and comply with the intellectual property rights of others, we may be susceptible to claims from third parties asserting infringement and other related claims. For instance, Orient Electric Limited (“Orient Electric”) filed an application no. RD(NR)/DL/Sec16/2025 dated August 8, 2025 (“Application”) before the Office of the Regional Director, MCA, Northern Region (“Regional Director”) against our Company under Section 16(1) of the Companies Act, seeking rectification of the corporate name of our Company. Subsequently, our Company has filed a writ petition dated October 15, 2025 before the Hon’ble High Court of Delhi (“High Court”) seeking a writ of prohibition restraining the Regional Director from proceeding with the Application filed by Orient Electric. Our Company also filed a civil suit against Orient Electric seeking a permanent injunction restraining Orient Electric from the illegal adoption and mala fide use of the deceptively similar marks “ORIENT”, “ORIENT ELECTRIC”, “ORIENT WIRES”, “ORIENT WIRES AND CABLES” or any other variations thereof (“Impugned Marks”) in relation to wires and cables, which, inter alia, amounted to passing off of the Company’s mark “ORIENT CABLES”, unfair competition, and dilution by blurring and tarnishment. Our Company also sought damages/rendition of accounts, delivery up and other consequential reliefs. Further our Company sought, inter alia, a decree of permanent injunction restraining Orient Electric, its business associates, partners, directors, principal officers, servants, agents, dealers, distributors, franchisees and all persons acting on its behalf from manufacturing, selling, advertising, promoting or otherwise using the marks Impugned Marks or any other mark identical or deceptively similar to the Company’s wellknown brand “ORIENT CABLES” in relation to wires and cables or any cognate/allied goods whether as a trade mark, part of a trade mark, trade name, corporate name, email address or otherwise, so as to result in passing off, dilution or unfair competition or confusion. The High Court vide an order dated December 1, 2025 (“Order”) held that the Regional Director would first decide the issue of limitation raised by our Company if decided in favor of our Company, proceed to adjudicate the Application on merits, while recording specific findings on the objection of limitation. The High Court further directed that the Regional Director should only exercise only its jurisdiction under Section 16(1) (b) of the Companies Act and that it shall not invoke suo moto jurisdiction under Section 16(1)(a) of the Companies Act, without first issuing a notice to our Company, observing that such invocation without notice would violate the principles of natural justice. The writ petition was thereby disposed off. Thereafter, our Company filed Letters Patent Appeal No. 27/2026 (“Appeal”) on January 15, 2026, assailing the Order on the ground that it permitted adjudication Particulars Top 3 suppliers Top 5 suppliers Top 10 suppliers* 3) 2) of a time-barred application under Section 16 of the Companies Act. The High Court upheld the Order and dismissed the appeal in limine (at the threshold). Thereafter, Orient Electric filed a counter civil suit dated November 11, 2025, against our Company before High Court seeking a decree of permanent injunction restraining infringement of trademark, passing off, unfair trade practices and dilution, along with rendition of accounts, damages, delivery up and other consequential reliefs. Further, Orient Electric sought, inter alia, permanent injunctions restraining our Company and all persons acting on their behalf from manufacturing, selling, offering for sale, advertising, soliciting or otherwise dealing in goods under the impugned mark “ORIENT” or any identical, near identical, deceptively similar formative marks so as to infringe its registered trademarks, cause confusion or deception, result in passing off or constitute unfair competition, as well as restraining use of such marks as or as part of our Company’s corporate name/ trade name, domain name, website or other business identifier. Orient Electric also sought rendition of accounts of profits, delivery up of goods bearing the impugned marks for erasure/modification/obligation and damages of `20.00 million. The matter was last listed for hearing on July 28, 2026, wherein both parties jointly sought an adjournment in view of the ongoing settlement discussions. The matter is currently pending and the next date of hearing is on December 2, 2026. For further details, see “Outstanding Litigation and Material Developments – Litigation filed by our Company – Material Civil Litigation” and “Outstanding Litigation and Material Developments – Litigation filed against our Company – Material Civil Litigation” on page 405 of the RHP. Further, our application dated December 28, 2024 , has been opposed by two parties and is currently pending adjudication. For details of logos and for the logo trademarks, see “Government and Other Approvals – Intellectual Property” on page 412 of the RHP. Supplier Concentration risk: Our primary raw materials are (i) copper and (ii) polyvinyl chloride (“PVC”) compound/ high-density polyethylene (“HDPE”)/low-density polyethylene (“LDPE”) (collectively, “PVC Compounds”) and masterbatch, a concentrated mixture of color pigments. While we enter into annual agreements with certain raw material suppliers, we have not entered into long-term contracts with our raw material suppliers and our procurements and supplies are primarily by way of purchase orders which govern the commercial terms, including but not limited to the minimum product standards, quantity and price. In the absence of long-term contracts establishing formal exclusive relationships between us and such parties, we cannot assure that such business relationships shall last for long or at all and we may lose a significant portion of our revenues to our competitors. The table below sets outs the raw materials which we have obtained from our top three suppliers, top five suppliers and top 10 suppliers together with such supply as a percentage of our total raw materials sourced in the three months period ended June 30, 2026 and Fiscal 2026, Fiscal 2025 and Fiscal 2024: Three months period ended June 30, 2026 Fiscal 2026 Fiscal 2025 Fiscal 2024 Raw materials sourced As a percentage of total Raw materials sourced As a percentage of total Raw materials sourced As a percentage of total Raw materials sourced As a percentage of total (in `millions) raw materials sourced (in `millions) raw materials sourced (in `millions) raw materials sourced (in `millions) raw materials sourced 1,690.62 36.70% 3,972.96 39.46% 3,914.64 56.15% 3,290.21 60.69% 2,562.39 55.62% 5,415.30 53.79% 4,692.11 67.30% 3,615.22 66.98% 3,451.06 74.91% 7,018.82 69.71% 5,432.88 77.93% 4,096.57 75.57% *While more than 50% of our raw materials originate from our top 10 suppliers, names of the suppliers have not been included in the above table as consents for disclosure of certain supplier names were not available. Further, since this information is commercially sensitive to our business, we are unable to disclose the names of our top 10 suppliers. Customer Concentration risk: We derive a major portion of our revenue from operations from few customers. Any failure to retain these customers and/or negotiate and execute contracts with such customers on terms that are commercially viable, could adversely affect our business, financial condition and results of operations. The table set forth below provides the revenue contribution and revenue contribution as a percentage of our total revenue from contracts with customers of our largest customer, our top 5 customers, our top 10 customers and our top 20 customers, for the three months period ended June 30, 2026 and Fiscal 2026, Fiscal 2025 and Fiscal 2024: Continued on next page... CHENNAI/KOCHI