Deep sectoral expertise across a diversified spectrum of industries.
Proprietary technology driven innovations and patented technology developed in-house.
Extensive geographic footprint with scalable operations across key markets.
Established presence in a high-entry-barrier industry.
Experienced Promoters and Senior Management team, having domain knowledge.
The company business is heavily dependent on tenders from government authorities, accounting for approximately 63.45%,
74.15%, 69.17% and 77.13% of its revenue from operations for the nine months period ended December 31, 2025,
Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. However, delays or a lack of tenders from government entities,
along with adverse changes in government policies, could materially impact the company business through contract
foreclosures, terminations, restructurings, or renegotiations, affecting its operations and financial performance.
Out of the total projects awarded to the company, 70.59%, 100.00%, 91.67% and 91.30% of such projects in the nine months
period ended December 31, 2025, Fiscal 2025, 2024 and 2023, respectively were secured through competitive bidding
process from government entities. Failures to complete its projects within contractual time may affect the company future
business prospects and financial performance. Failures to qualify for, complete or win new contracts could negatively
impact its business, potentially affecting the company financial condition, operational results, growth prospects, and cash flow
stability.
The company operations is geographically concentrated in the eastern region of India, particularly in the State of Odisha
which contributed to 62.56%, 72.97%, 76.76% and 83.95% of its revenue from operations for the nine months period
ended December 31, 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Any adverse developments in these
regions could materially affect its business and growth prospects.
A significant portion of the company Order Book and revenue from operations is attributable to certain key customers and to
projects located in India, and its business and profitability is dependent on the company ability to win projects from such
customers. The Order Book value attributable to its top 10 customers has accounted for approximately 78.63%,
84.02%, 89.87% and 85.27% of the company total revenue from operations during the nine months period ended December 31,
2025 and for Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively. Loss of one or more of its customers or reduction
in their demand for the company offerings could adversely affect its business, results of operations and financial conditions.
Inability to obtain or protect the company intellectual property rights may adversely affect its business.
For the nine months period ended December 31, 2025 and Fiscals 2025, 2024, and 2023, the cost of supplies from the company
top ten suppliers represented 26.69%, 24.00%, 34.80%, and 32.96%, of its Revenue from Operations, respectively.
The company relies on its suppliers for various critical aspects of the company information technology infrastructure. If any of its top
10 suppliers ceased supplying products/services to the company and its were unable to find a supplier to replace it, it could has
an adverse effect on the company business, financial condition, results of operations, and cash flows.
Reservations, qualifications, adverse remarks and matters of emphasis has been reported by the company Statutory Auditors
in their examination report on the Restated Consolidated Financial Information, which may adversely affect investor
confidence and the trading price of its Equity Shares.
The Company has given a performance bank guarantee of Rs. 250.00 lakhs in respect of a loan availed by one of its
Subsidiaries, namely, Kwantify Solutions Private Limited, and the company cannot assure that there will be no default by its
Subsidiary in the future in repaying the company debt obligations which could in turn adversely affect its.
The majority of the company Order Book and its revenues are from industry segments such as government and public services,
mining and allied services and agriculture and allied services sector, which contributed to 21.91%, 27.96% and 30.09%
of its Order Book and 31.52%, 24.65% and 14.56% of the company revenue from operations as of December 31, 2025, respectively. Significant social, political, or economic changes in these sectors could adversely affect its business,
results of operations, financial condition, and cash flows.
Any online security breach or cyberattack resulting in unauthorized access to the company network, systems, or data may
adversely impact its business operations, financial results, and reputation.
