Chamunda Ele.

Good relationship with the contract farmers and other vendors ensuring availability of raw materials during off-season period.

Support of efficient supply-chain enable us to have long standing and deep customer relationships.

Quality assurance and quality control of our products and as a result we received various awards and accreditations.

Advanced in-house processing facilities with focus on cost competitiveness.

Comprehensive product portfolio enables us to serve our customers spread across the globe.

Demonstrated history of financial performance and a scalable business model.

Experienced promoter and management team.

The company derives significant portion of its revenue from Operation, Maintenance, Testing and Commissioning of Electrical Sub-stations activity as accounted for 85.45%, 96.38%, 92.78%, and 97.22% of its revenue from operations in the period ended December 31, 2024, Fiscal 2024, 2023 and 2022 respectively. An inability to anticipate and adapt to evolving customer preferences and demand for particular project, or ensure project quality may adversely impact its business, results of operations, financial condition and cash flows.

Its top ten customers contribute 100% of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

Its revenues largely depended on acceptance of the bids submitted to the Government and other agencies. The company performance could be affected in case majority of the bids are not accepted / awarded.

The company is majorly engaged in Operation, Maintenance, Testing and Commissioning of Electrical Substations activity which is working capital intensive.

The company requires certain approvals, licenses, registration and permits for its business, and the failures to obtain or renew them in a timely manner may adversely affect the company operations.

The company failures to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of its under operation & maintenance projects may be subject to cost overruns and can impact the company reputation and future projects.

The company is highly dependent on its management team and certain management personnel, any loss of such team members or the inability to attract or retain research and development personnel may materially adversely affect its business performance and research and development efforts.

Its top ten customers contribute 100% of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

Its revenues are highly dependent on the company operations in geographical region of State of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on the company business, financial condition and results of operations.

Its top customer contributes majority of the company revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.

Its may not be selected for projects the company bid for in the future or those projects that its will bid upon in the future, if selected, may not be finalised within the expected time frame or on expected terms.

Its individual Promoters and Executive Director plays key role in the company functioning and its heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the company business that its Promoter and Executive Directors remain associated with it. The company success also depends upon the services of its key managerial personnel and the company ability to attract and retain key managerial personnel and its inability to attract them may affect the company operations.

Its business is manpower intensive and any unavailability of the company employees or shortage of Contractual labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing Contract labour may have an adverse impact on its cash flows and results of operations.

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

Its Registered Office and branch office from where the company operates are not owned by it.

Any slowdown or work stoppages at its project sites may have effect on the company`s business, financial condition and results of operations.

The requirement of funds in relation to the objects of the Issue has not been appraised.

There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

The Company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

Any non-compliance or delays in GST Return Filings and EPF Payments may expose it to penalties from the regulators.

Its may be unable to grow the company business in international markets, which may adversely affect its business prospects and results of operations.

The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.

The Company has applied for registration of the trademarks in its name. Until such registration is granted, its may not be able to prevent unauthorised use of such trademarks by third parties, which may lead to the dilution of its goodwill.

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.

The company requires certain approvals, licenses, registration and permits for its business, and the failures to obtain or renew them in a timely manner may adversely affect the company operations.

Its Promoters and Executive Directors hold Equity Shares in the Company and are therefore interested in the Company`s performance in addition to their remuneration and reimbursement of expenses.

None of the Directors of the Company have experience of being a director of a public listed company.

The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.

The requirement of funds in relation to the objects of the Issue has not been appraised.

The deployment of funds is entirely at its discretion and as per the details mentioned in the chapter titled "Objects of the Issue".

Its funding requirements and proposed deployment of the Net Proceeds are based on management estimates and have not been independently appraised, and may be subject to change based on various factors, some of which are beyond its control.

Non-compliance with amendment in Safety and Health laws and other applicable regulations, may adversely affect the Company`s results of operations and its financial condition.

The requirements of being a public listed company may strain its resources and impose additional requirements.

The company insurance coverage may not be adequate to protect it against all potential losses to which the company may be subject and this may have a material effect on its business and financial condition.

The company has not independently verified certain data in this Red Herring Prospectus.

The company will continue to be controlled by its Promoter and Promoter Group after the completion of the Issue, which will allow them to influence the outcome of matters submitted for approval of its shareholders.

The company is susceptible to risks relating to unionization of its employees employed by the company.

Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.

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

In the event there is any delay in the completion of the Offer, or delay in schedule of implementation, there would be a corresponding delay in the completion of the objects of this offer which would in turn affect its revenues and results of operations.

There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder`s ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.

There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the Emerge Platform of National Stock Exchange of India Limited in a timely manner, or at all.