Positron

Continued focus on maintaining high quality standards in its Consulting Services for oil and gas companies and expanding this segment of its business.

Developing new applications to meet the market demand.

Expanding Market Access.

Overcoming Regulatory and Market Challenges Strategy.

Optimizing underutilized pipeline infrastructure strategy.

Reform Driven Growth Strategy.

Adapting to the changing natural gas pricing landscape strategy.

Expanding the business in the industrial & commercial sector for natural gas.

Re-Alignment of Old Gas Contracts.

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 may need to raise additional capital in the future for working capital and its may not be able to do so on favourable terms or at all, which would impair its ability to operate the company`s business or achieve its growth objectives, which may have an adverse effect on its results of operations and business.

The company does not own its registered office.

The Company had negative cash flow from operating activity in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

The company is dependent on third parties for sourcing natural gas. Any disruption in the receipt of such natural gas from these third parties could lead to a disruption or failure in the supply of natural gas by it, which could adversely affect its business, reputation, results of operations and cash flows.

The Company is dependent on a few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

The company may be subject to third-party indemnification, liability claims or invocation of guarantees, which may adversely affect its business, cash flows, results of operations and reputation.

Its lenders have charge over the company movable and immovable properties in respect of finance availed by it.

Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.

The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its cash flows.

The company has incurred substantial indebtedness which exposes it to various risks which may have an adverse effect on its business and the results of operations.

The company may be seriously affected by delays in the collection of receivables from its clients and may not be able to recover adequately on the company claims.

The company has executed Gas Sales Agreements (GSAs) with its Suppliers. These contracts have contractual obligations on both sides. Both the parties must ensure that the provisions of the GSA are followed meticulously. Among the various Terms in the GSA, the Obligation arising out of Take or Pay clause adversely impacts the Buyer. Failure to abide by the provisions of the GSA, especially Take or Pay obligation could adversely affect its business, reputation, results of operations and cash flows.

The company is dependent on third parties for transportation of natural gas. Any disruption, delay or default in timely transportation of the natural gas could lead to a disruption or failure in the supply of natural gas by it, which could adversely affect its business, reputation, results of operations and cash flows.

The Company is obtaining approximately 80% of its total supplies of natural gas from two major private suppliers of the Country. Any disruption in the supplies from these companies will adversely affect its business, reputation, results of operations and cash flows.

Within the parameters as mentioned in the chapter titled "Objects of this Issue" of this Draft Red Herring Prospectus, the Company`s management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.

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

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 Issue".

The company requires certain regulatory and statutory approvals and licenses required in the ordinary course of its business, and the failure to obtain, maintain and renew these approvals in a timely manner or at all, may adversely affect its business and operations.

The company is subject to laws and regulations of MoPNG, PNGRB and other authorities which regulate its business and operations.

The company is dependent on Government policies. Any adverse change in the Government Policies may affect the business, reputation, operations and cash flows.

Its insurance coverage may not adequately protect the company against possible risk of loss.

Different VAT taxation regimes in different States adversely affect the Company`s capability of supplying the gas at optimum price to its end users.

In the event alternative fuels become more economically feasible, its business, results of operations and cash flows could be impacted.

Prices of alternate fuel changes frequently.

In the event Global LNG / natural gas benchmarks become volatile, prices to its customers, the company`s business, results of operations and cash flows could be adversely affected.

The company does not have long term agreements with its suppliers which may adversely affect the company`s business.

Its Promoters have provided their personal guarantees to certain loan facilities availed by it, which if revoked may requires alternative guarantees, repayment of amounts due or termination of the facilities.

While gas supply is benchmarked to global indexes in USD, the revenues of the Company are in INR. Accordingly, its cash flow is indirectly exposed to currency rate fluctuations.

Undercutting by Gas Transporting Companies may affect business prospects of the Company.

The average cost of acquisition of Equity shares by its Promoters is lower than the Issue price.

The company has encountered challenges in meeting the designated timelines for filing statutory returns, a circumstance that carries significant implications for its financial standing.

The company has not yet applied for registration of its logo, POSI+RON ENERGY LIMITED and the company does not own the "corporate logo" legally as on date.

There may be significant price volatility and shortage of Gas due to any War which may affect the profitability of its business.

The company may be unable to identify or acquire new projects and its bids for new projects may not always be successful, which may affect its business growth. Further, any delay in the commencement or cancellation of the projects awarded to it may adversely affect its business, prospects, reputation, profitability, financial condition and results of operation.

Failure to successfully implement its business strategies may materially and adversely affect the company business, prospects, financial condition and results of operations.

Its success depends largely on the skill, experience and continued efforts of its senior management, skilled professionals and unskilled workers and its ability to attract and retain skilled and unskilled personnel.

Misconduct or errors by manpower engaged by it could expose the company to business risks or losses that could affect its business prospects, results of operations and financial condition.

A significant number of its project contracts prescribe a requirement for maintaining retention money during the defects liability period. Any dispute or failure to obtain a release of such retention monies in a timely manner or at all may have an adverse impact upon its profitability, results of operations and financial position.

The company faces significant competition and if its fail to compete effectively, its business, prospects, financial condition and results of operations will be adversely affected.

The company engage third parties and other agencies in its business. The timely and successful completion of its projects in certain cases depends upon the cooperation of the company sub-contractors, and any failure or delay in successful completion could adversely affect the quality of its developments and adversely affect its profitability, business and reputation.

In addition to normal remuneration, other benefits and reimbursement of expenses to its Promoter, Directors, key Managerial Personnel (KMP) and Senior Managerial Personnel (SMP) 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.

Any conflict of interest which could occur between the business and any other similar business activities pursued by its Directors and Promoters, could have a material adverse effect on its business and results of operations.

Its Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.

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

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

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

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

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