Focus on operational efficiency through integrated and digitised processes.
Capability to deliver complex product design with accuracy.
Customer-centric custom packaging solutions.
Presence across Indian and global market catering to various industries.
Experienced and skilled management and Board of Directors.
We are significantly dependent on our key suppliers for sourcing raw materials and we do not have any
contractual arrangements with them. Accordingly, our inability to maintain relationship with key suppliers
may adversely impact our business, operations and financial results.
A significant portion of our revenue from operations is derived from our existing customers. Additionally,
we derive a substantial portion of our revenue from operations from few customers, and we do not have
any contractual arrangements with them. Our failure to retain these customers may adversely impact our
business, operations, and financial performance.
Our manufacturing facilities are concentrated in a single region domestically i.e., Gujarat, which are
critical to our business operations. Any shutdown of our manufacturing facilities due to adverse
conditions in the state of Gujarat or other reasons may adversely affect our business, financial condition,
results of operations, cash flows and future business prospects.
A significant percentage of our revenue (amounting to 23.66% of our revenue from operations during
Fiscal 2026) is derived from our customers in the United States. Any adverse situation in the United States,
including any breakdown in India-US bilateral relations may adversely affect our business, results of
operations, and financial condition
The estimated cost of our Project has been reduced from ?5,148.94 million to ?3,649.56 million and the
schedule for implementation of the Project has been extended from December 2026 to October 2027. Any
further changes in the cost, delays cost overruns may adversely affect the expected benefits from the Project
and our financial condition.
We require a number of approvals, NOCs, licences, registrations and permits in the ordinary course for
our existing business and any failure to obtain the same will adversely affect our operations, business and
profitability.
Our Statutory Auditors have made certain Emphasis of Matters in our Restated Consolidated Financial
Information. Any failure to timely address these concerns may adversely affect our business, financial
condition, and reputation.
Our Registered and Corporate Office and manufacturing facilities are located on leased premises obtained
from our Promoters. If we are unable to renew these leases or relocate on commercially suitable terms, it
may have a material adverse effect on our business, results of operation and financial condition.
Our Company extends credit facilities to customers, which may expose us to counterparty risks, adversely
impact our cash flows and increase our working capital requirements.
Our lenders have charge over our movable and immovable properties in respect of the finance availed by
us, and our inability to meet our obligations under these debt financing arrangements could adversely
affect our business, results of operations, and cash flows.
