Teerth

Extensive experience in managing and completing projects on time and within budget.

Strong Presence in Madhya Pradesh.

Continuous focus on Equipment ownership.

Focused Player in Water Supply projects(WSP).

Robust network and relationships with suppliers, enabling better negotiating power and access to high-quality materials.

Visible growth through a robust order book.

Its business is concentrated in the state of Madhya Pradesh and any adverse development affecting its operations in the state could have an adverse impact on its business, financial condition and results of operations.

The company does not own registered office situated at Ahmedabad and Corporate office situated in Indore.

The company operates in a highly competitive environment.

The company derives a significant portion of its revenues from a limited number of clients. The loss of any significant clients may have an adverse effect on its business, financial condition, results of operations, and prospects.

Delay in completion of projects may affect its reputation and revenue adversely.

The company has its own large fleet of Machineries and equipment, in absence of sufficient work load of project execution, its fleet remained unutilized.

Its revenues are derived primarily from contracts awarded to the company on a project-by-project basis, and a significant number of projects of infrastructure sector are undertaken on a non-recurring basis.

The company engage sub-contractors and other agencies in for the execution of various projects.

Government Works are allotted on the basis of compliance of prescribed pre-qualification criteria and following competitive price bidding. its business and the company financial condition may be adversely affected if new infrastructure projects are not awarded to it or if contracts awarded to the company is prematurely terminated.

The Company is subject to high working capital requirements and its inability to fund these requirements in a timely manner may adversely impact its financial performance.

There have been instances of delay in filing of Provident Fund (PF) returns, Employee State Insurance (ESI) Returns, Goods and Service Tax returns (GST) and return of Tax Deducted at Source (TDS) dues.

Thecompany had filed certain ROC forms with additional fees in the past which was delayed compliances of certain provision under Companies Act, 2013.

The company is required to furnish financial and performance bank guarantees and letter of credits as part of its business. The company`s inability to arrange such guarantees and/or letters of credit may adversely affect its cash flows and financial condition.

The requirements of being a public listed company have many restrictions and may strain on its resources.

The company may not be able to manage successfully its growth strategies which may have an adverse effect on its business, financial condition, results of operations and future prospects.

Its ongoing projects are exposed to various implementation risks and uncertainties.

Accuracy in estimation, calculation while bidding the tender is of prime important.

Its revenues from the company projects are difficult to predict and are subject to seasonal variations.

Its 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.

Sometimes, the company has to depends on the rented machineries and equipment.

Its insurance coverage may not be adequate to protect the company against certain operating risks and this may have an adverse effect on the results of its business.

Its operations may be adversely affected in case of industrial accidents, physical hazards and similar risks at its project sites, which could leads it to material liabilities, loss in revenues and increased expenses.

Any failure in its quality control and procurement process may adversely affect its business, results of operations and financial condition.

Bidding for a tender involves various management activities such as detailed project study and cost estimations. Inability to accurately estimate the cost may lead to a reduction in the expected rate of return and profitability estimates.

The company is dependent upon the experience and skill of its promoter, management team and key managerial personnel and senior management personnel.

The company does not have documentary evidence for the educational qualifications of 2 of its Directors who are also the Promoters of the Company, included in the `its Management` in this Prospectus.

Its operations are subject to environmental, health and safety laws and regulations.

The company is exposed to the risks of disruptions of information technology systems.

The company is a labour-intensive industry and are subject to stringent labour laws & regulations and any strike, work stoppage or increased wage demand by its employees or any other kind of disputes with the company employees could adversely affect its business, financial condition, results of operations and cash flows.

There are outstanding litigation against the Company which if determined against it, could adversely impact financial conditions.

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

Its Promoters, Directors and Key Managerial Personnel may have interest in the Company, other than reimbursement of expenses incurred or remuneration.

The company has experienced negative cash flows in previous years / periods. Any operating losses or negative cash flows in the future could adversely affect its results of operations, liquidity and financial condition.

The company has availed credit facilities from the AU Small Finance Bank, as per sanction terms and conditions, there are certain restrictive covenants imposed on the issuer company.

Its Promoters have provided personal guarantees and collateral securities and may in the future provide additional guarantees and/ or collateral securities. Its business, financial condition, results of operations, cash flows and prospects may be adversely affected by the invocation of all or any personal guarantees or enforcement of the collateral provided by its Promoters.

The company has unsecured loans from promoters, directors and their relatives, which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its liquidity and business operations.

The company has entered into certain transactions with related parties. These transactions or any future transactions with its related parties could potentially involve conflicts of interest.

There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by its Audit Committee.

The company has not identified any alternate source of financing the ,Objects of the Issue. If the company fail to mobilize resources as per its plans, its growth plans may be affected.

Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.

Its Promoter 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.

Delay in raising funds from the IPO could adversely impact the implementation schedule.

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

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.

Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.

The issue price of the Equity Shares may not be indicative of market price of its equity shares after the issue and the market price of the company Equity shares may decline below the issue price.

Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.

Sale of shares by its promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.

Its future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.

The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.

There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder`s ability to sell for the price at which it can sell, equity shares at a particular point in time.

Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.