Innovatus Enter.

Risks

• There are certain outstanding legal proceeding against the company which may adversely affect its business, financial condition and results of operations.

• Any major disaster or outbreak of disease could adversely affect the occurrence of an Event and hence its business operations and financial condition.

• The recent outbreak of the novel coronavirus could have a significant effect on the company results of operations, and could negatively impact its business, revenues, financial condition, and results of operations.

• Intensive preparatory works are required for organizing exhibitions and events and its also rely on the company third party suppliers for the execution.

• The company depend on various contractors and their sub-contractors for flattening, cleaning of the exhibition venue ground, erecting SPEC etc. Any delay, default or unsatisfactory performance by these third parties may have material adverse effect on its ability to complete, effectively operate the company business.

• The company operate in a highly competitive and fragmented market.

• The company might face claims / liabilities / suits from the customers should they perceive any deficiency in service or in the event of bodily harm / injury to them during its events organized by it.

• The company revenues are dependent on marketing budget of companies / exhibitors and any reduction in their spending may adversely affect its operations and the financial condition.

• The company has not entered into any long-term contracts with any of its clients.

• The company business requires it to obtain and renew certain registrations, licenses and permits from government and regulatory authorities and the failure to obtain and renew them in a timely manner may adversely affect its business operations.

• Operational risks are inherent in the business as it includes rendering services at high quality standards. A failure to manage such risks could have an adverse impact on the company business, results of operations and financial condition.

• The company has referred to the data derived from internal Company reports and industry and government publications, publicly available information, and sources.

• The company business is geographically located in one area, Mumbai, Maharashtra. Any loss or shutdown of operations at any of the company facilities in this area may have an adverse effect on its business and results of operations.

• The company success depends largely upon the services of the Promoters, Managing Directors and other key managerial personnel and its ability to attract and retain them.

• The Promoter Group Entities have objects similar to the Company. There are no non-compete agreements between the Company and such Promoter Group Entities. Its cannot assure that the Promoter will not favor the interests of such entity over its interest or that the said entities will not expand which may increase the competition and may adversely affect business operations and financial condition of the Company.

• The company inability to manage growth could disrupt the business and reduce its profitability.

• The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the �bjects of the Issue`. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations, and financial performance.

• The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the `Objects of the Issue`. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations, and financial performance.

• Operating Expenses constitute a significant percentage of the Company`s total expenses. Any increase in prices and any decrease in the supply would materially adversely affect the Company`s business.

• Events and exhibitions are its major source of the income. Any decrease in ad-spend of the clients or effective advertising rates, the loss of any of the company large advertising customers or its inability to attract new customers could have a material adverse effect on the company business, results of operations and financial condition.

• Any failure to keep abreast with the latest trends in the technologies may adversely affect the company cost competitiveness and ability to develop new products.

• The company has historically derived, and may continue to derive, a significant portion of its income from our top 10 customers.

• The company is dependent upon few suppliers for the material requirements of the trading business.

• The company business which its undertake may be delayed, modified, cancelled, or not fully paid for by the clients and therefore, could materially affect the company business, results of operations and financial condition.

• The company relits on third parties for providing its services, including designers, purchase of media and other material required for the company advertising business.

• The company do not own the Registered Office from which its operate.

• Certain filings of the Company under the Companies Act have been filed post the prescribed date of filing. Further, there may also be certain inadvertent errors in these filings.

• The company results of operations are likely to vary from year to year and be unpredictable, which could cause the market price of the Equity Shares to be volatile.

• 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.

• Any variation in the utilization of the Net Proceeds as disclosed in this Draft Prospectus shall be subject to certain compliance requirements, including prior Shareholders` approval.

• The company funding requirements and deployment of the issue proceeds are based on management estimates and have not been independently appraised by any bank or financial institution.

• The Company`s management will have flexibility in utilizing the Net Proceeds. There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of the Management and the Board of Directors, though it shall be monitored by the Audit Committee.

• The company has experienced negative cash flows in the past. Any such negative cash flows in the future could adversely affect its business, results of operations and prospects.

• The Company has availed certain unsecured loans that are recallable by the lenders at any time.

• The company has not made any dividend payments in the past and its ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in the financing arrangements.

• The Company has not registered the trademark. The ability to use the trademark may be impaired if the same is not registered under its name.

• The Company has not taken insurance cover hence its may not be able to protect ourselves from all losses and may in turn adversely affect the financial condition.

• The requirements of being a listed company may strain its resources.