Market leadership supported by a diversified business model and strong foothold in domestic and international
markets.
Marquee client base with proven track record of successful project execution.
Expertise in design and engineering and strategically located manufacturing facility with large capacity and
advanced infrastructure.
Focused on creating environmentally sustainable high-performance solutions.
Experienced Promoters and management team.
The company's business is dependent on certain key clients, and its top 10 clients contributed 86.40%, 78.13% and
88.56% of the company's revenue from operations in Fiscals 2026, 2025 and 2024, respectively. The loss of one or
more of these clients could have an adverse effect on its business prospects, results of operations,
financial condition and cash flows.
The company depends on a limited number of suppliers and the company does not have long term agreements with its suppliers
for the company's raw materials and volatility in raw material prices and shortages or disruption in their supply
could adversely affect its business, results of operations, financial condition and cash flows.
The company derived 45.20%, 41.21%, and 43.38% of its revenue from operations from overseas operations, based on the criteria set out in Ind AS 108 - Operating Segments, in Fiscals 2026, 2025 and 2024, respectively.
Any adverse events in these jurisdictions could have an adverse impact on the company's business, results of
operations, financial condition and cash flows.
If the company fails to integrate or manage acquired companies or businesses efficiently, its overall profitability
and growth plans could be adversely affected.
The company derives a portion of its revenue from the company's domestic façade business, which accounted for 48.88%,
46.64%, and 49.34% of its revenue from operations in Fiscals 2026, 2025 and 2024, respectively. Any
decline in demand for the company's domestic façade services could have an adverse impact on its business, results
of operations, financial condition and cash flows.
The company is entirely dependent on its manufacturing facility located in Vile Bhagad, Maharashtra. Any
adverse developments affecting this region or any slowdown, shutdown or unscheduled or prolonged
disruption in the company manufacturing could have an adverse effect on its business, results of operations,
financial condition and cash flows.
The company has in the past entered into related party transactions and may continue to do so in the future, which
may potentially involve conflicts of interest with the equity shareholders.
The company derives a significant portion of its revenues from the states of Maharashtra, that accounted for
13.08%, 20.88%, and 28.43% of the company's revenue from operations in Fiscals 2026, 2025 and 2024, respectively
and Karnataka that accounted for 31.55%, 12.94%, and 21.05% of its revenue from operations in Fiscals
2026, 2025 and 2024, respectively from the company's revenue from operations - Indian operations. Further,
revenue from operations - Indian operations and overseas operations are based on the criteria set out in
Ind AS 108 - Operating Segments. Any adverse developments in such regions, could have an adverse
impact on its business, results of operations, financial condition and cash flows.
The premises of manufacturing facility is on a leasehold basis and the premises of certain of branch
offices and guest houses are on leave and license basis. If the company fails to renew these leases and leave and
license agreements on competitive terms or if the company is unable to manage its rental costs, the company's business,
results of operations, financial condition and cash flows would be adversely affected.
If the company fails to protect or incur significant costs in defending its intellectual property or if the company infringe the
intellectual property rights of others, its business, results of operation, financial condition and cash flows
could be adversely affected.
