Earkart Limited IPO

Our revenue from sale of products derived from government institutions accounted for 69.32%, 75.85% and 86.56% for the Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. A failure to secure similar government contracts or orders in the future could adversely impact our business, operating results, and financial condition.

We are subject to complex laws and governmental regulations governing our products and our business operations, compliance with these laws and regulations requires time and cost, and any adverse regulatory action may adversely affect our financial condition, cash flows and business operations.

We face risks relating to sourcing of raw materials and components for manufacturing of our hearing aids and related devices from third parties.

Our Manufacturing Facility is located in Noida, Uttar Pradesh. Any disruption, breakdown or shutdown of our Manufacturing may have a material adverse effect on our business, financial condition, results of operations and cash flow.

Loss of any of our key customers or reduction in demand from our customers may materially and adversely affect our business and financial performance.

Quality problems and product liability claims could lead to recalls or safety alerts, reputational harm, and could have an adverse effect on our business, results of operations, financial condition and cash flows.

We are dependent on the success of our remote audiometry system Earkart OMNI and our research and development activities and the failure to develop new or improved products or process improvements or production techniques could adversely affect our business, financial condition, cash flows and results of operations and have a negative impact on our competitive position.

If the company cannot protect its intellectual property the company's ability to sell current or future products may be negatively impacted.

We have had negative cash flows in the past and it is possible that we may experience negative cash flows in the future.

The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our Company.