Beacon

Customer Focus.

Service Excellence.

Differentiation.

Operational Efficiency.

Employee Engagement.

Market Expansion.

Innovation and Adaptation.

Financial Management.

Reputation Management.

Long-term Vision.

The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

The company does not own its registered office.

The Company is subject to SEBI governed regulatory body and other government agencies. Changes in regulations could impact the business model of the company and increase in costs.

The trustee industry in India is becoming increasingly competitive. Trustee companies face competition from both established players and new entrants. Increased competition could put downward pressure on fees and margins.

The Company as Trustee company plays a critical role in protecting the interests of debenture holders. If the company fails to adequately fulfill its obligations and duties, this could damage its reputation and make it more difficult to attract new clients in the future.

Its business is subject to extensive SEBI (Debenture Trustees) Regulations 1993, including periodic inspections by SEBI, and its non- compliance with existing regulations or SEBI`s observations or its failure or delay to obtain, maintain or renew regulatory approvals could expose it to penalties and restrictions.

The company relies on a team of experienced professionals to provide debenture trustee services. The loss of any key personnel could have a negative impact on the company`s business.

The company is dependent on Debenture trustee fees for a substantial share of its revenue and profitability. Any reduction in the company Debenture trusteeship fees could have material adverse effect on its business, financial condition, cash flows, results of operations and prospects.

The Company is dependent on few numbers of customers for sales from top 10 customers. Loss of any of these large customers may affect its revenues and profitability.

The Company will not receive any proceeds from the Offer for Sale portion, and the Promoter Selling Shareholder/ Selling Shareholder shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by them in the Offer for Sale.

The regulatory environment in which the company operate is subject to change, and such changes may be unpredictable and may expose it to additional costs or materially adversely affect its business, growth results and financial condition.

The company may faces litigation from debenture holders if its fail to adequately fulfill its obligations and duties. This could lead to significant legal costs and damages.

The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.

Deployment of the Proceeds is not subject to any monitoring by any independent agency. The purposes for which the Proceeds of the Offer are to be utilized are based on management estimates and have not been appraised by any banks or financial institutions.

The company sources a large part of its new orders from its relationships with corporates and other customers, both present and past. Any failure to maintain its long-standing relationships with its existing customers or forge similar relationships with new ones would have a material adverse effect on its business operations and profitability.

A general economic downturn could lead to a decrease in the demand for debenture trustee services, as companies are less likely to issue debentures during difficult economic times and this could pose a risk to the profitability and viability of debenture trustee.

In addition to normal remuneration, other benefits and reimbursement of expenses, some of its Directors (including its Promoters) are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.

There are certain discrepancies and non- compliances noticed in filling of various forms with Registrar of Companies.

In case its services to the clients are not satisfactory it may cause damage to its professional reputation and legal liability.

Financial services firms are subject to increased scrutiny concerning perceived conflicts of interest that increase the risk of financial liability and reputational harm resulting from adverse regulatory actions. A failure to identify and address conflicts of interest appropriately could adversely affect its business.

Its ability to attract, train and retain executives and other qualified employees is critical to its business, results of operations and future growth.

The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.

In addition to normal remuneration, other benefits and reimbursement of expenses to its Promoter, Directors, key Managerial Personnel and they are interested to the extent of their shareholding and dividend entitlement thereon in the Company and for the transactions entered into between the Company and themselves as well as between the Company and our Group Companies/Entities. the Company in future may enter in related party transactions subject to necessary compliances.

The company has experienced negative cash flows from operations in the recent past, and its may have negative cash flows in the future.

The average cost of acquisition of Equity Shares by its Promoters could be lower than the offer price.

If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.

Its Promoter and Promoter group will continue to retain significant control over the Company after the Public Issue.

Any variation in the utilization of the Net Proceeds as disclosed in this Draft Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.

Any future issuance of its Equity Shares may dilute prospective investors` shareholding, and sales of its Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.

The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of its Equity Shares may decline below the Issue Price and you may not be able to sell your Equity Shares at or above the Offer Price.

The Objects of the Issue for which funds are being raised are based on its management estimates and the same have not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titled "Objects of the Issue".

There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.

Industry information included in this Draft Red Herring Prospectus has been derived from industry sources. There can be no assurance that such third-party statistical, financial and other industry information is complete, reliable or accurate.

Third party statistical and financial data in this Draft Red Herring Prospectus may be incomplete or unreliable.

The company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Offer".

Its ability to pay dividends in the future will depends upon the company`s future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.

Its inability to effectively implement the company`s business and growth strategy may have an adverse effect on its operation and growth.

The company is yet to place orders for Building Up Technology Infrastructure for its existing business, for which a significant portion of the Net Proceeds are proposed to be utilized.

There are certain discrepancies and non- compliances noticed in some of its financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.

With the object of Investment in Wholly owned subsidiary i.e. Beacon Investor Holdings Private Limited, to commence the services of Depository Participant and Registrar & Share Transfer Agent, Amendments in regulations / NSDL requirements w.r.t increase in costs could lead to fluctuation in deployment of Net Proceeds. There can be no assurance that the company shall be able to successfully deploy such portion of the Net Proceeds as per its estimates.