End-to-end technology-led power transmissions and industrial drive solutions provider across business
verticals.
Highly diversified offerings across business verticals and customer industries.
Established parentage and trusted brand backed by global and local R&D capabilities.
Deep relationships with marquee customers built through decades of collaboration, a strong sales team and
dealer network and after-sales service support.
State-of-the-art manufacturing infrastructure with embedded industry 4.0 principles supported by an efficient
and localized supply chain network.
Stable and experienced management team delivering strong financial performance.
The company depends on a limited number of suppliers for procurement of raw materials and components
required for its manufacturing operations. The company's largest supplier is Bonfiglioli Riduttori S.p.A, a
related party. Purchases from its related parties represented 15.53%, 16.75%, 15.18%, 17.00% and
19.98%, and purchases from the company's top 10 suppliers represented 40.84%, 41.74%, 41.20%, 45.62% and
47.52% of its total purchases of raw materials and components in the six months periods ended June
30, 2026 and 2025 and in Fiscals 2025, 2024 and 2023, respectively. As the company does not have definitive
agreements with its suppliers, any interruption in the availability of raw materials and components
on account of any disruption, breakdown or shutdown of the company's suppliers operations could adversely
impact its operations.
Any increase in the prices of raw materials and components required for the company operations or levy of
duties on the materials its import for the company operations, could adversely affect its business, financial
condition, results of operations, and cash flows.
Any unscheduled, unplanned or prolonged disruption of operations at the company's manufacturing facilities
could materially and adversely affect its business, financial condition, results of operations and cash
flows.
Any actual or perceived defects in the company's gearboxes and drives systems or the sales and after-sale services
provided through dealers or third parties may adversely impact the company's brand, reputation, and ability to
sell its products, which could have an adverse impact on the company operations.
The company depends on BSPA, one of its Corporate Promoters, for certain aspects of the company operations, including
the license to manufacture and sell products under its intellectual property including the "Bonfiglioli"
trade name and trademark for which the company pay a consideration of 6% of its annual sales of the specified
products (excluding sales to BSPA and net of discounts and allowances). Any adverse change in the company's relationship with BSPA could have an adverse impact on its business, financial condition, results of
operations, cash flows and reputation.
The company depends on BSPA, one of its Corporate Promoters, and other companies in the Bonfiglioli Group
for certain aspects of the company operations including administrative and corporate services. Any adverse
change in its relationship with BSPA and the companies in the Bonfiglioli Group could have an
adverse impact on the company's business, financial condition, results of operations, cash flows and reputation.
The company has entered into and will continue to enters into related party transactions with BSPA and
companies within the Bonfiglioli Group that may involve conflicts of interest, which could adversely
impact the company's business. The arithmetic aggregate absolute total of income from related parties
represented 19.91%, 14.29%, 15.59%, 17.66% and 17.70% of its total income in the six months
periods ended June 30, 2026 and 2025 and in Fiscals 2025, 2024 and 2023, respectively, while the
arithmetic aggregate absolute total of expenses from related parties represented 32.71%, 32.38%, 24.83%, 25.20% and 28.66% of the company's total expenses in the six months periods ended June 30, 2026 and
2025 and in Fiscals 2025, 2024 and 2023, respectively.
The company depends on a limited number of customers for its sales, and revenue from the company's top 10 OEM
customers represented 31.72%, 37.83%, 36.60%, 34.38% and 32.82% of its total revenue from
operations (continuing operations) in the six months periods ended June 30, 2026 and 2025 and in
Fiscals 2025, 2024 and 2023, respectively. As the company does not have long-term binding agreements with all its customers, any reduction in orders from, or loss of, any of the company's major customers could adversely
affect its business, financial condition, results of operations and cash flows.
Failures to successfully commercialise co-engineered products could adversely affect the company's business,
financial condition, results of operations, and cash flows.
Certain corporate records and forms filed by the company with the RoC, are not traceable. While the company has
conducted a search with the RoC, in respect of the unavailability of such forms and other records, its
cannot assure you that such forms or records will be available at all or any time in the future.
