Laxyo Limited IPO

The Company intends to utilise a portion of the Net Proceeds of the Issue towards the working capital requirements of the Company which are based on certain assumptions and estimates and have not been appraised by any bank or financial institution.

The Company is yet to place order towards its capital expenditure requirement as mentioned in the company's Objects of the Issue. Any delay in placing orders/ procurement of equipment may delay its implementation schedule and may also lead to increase in the price of these equipment.

The company bids for engineering, procurement and construction ("EPC") projects through a competitive bidding process. The comp may not qualify for or win such projects, which could adversely affect its business prospects, cash flows and results of operations.

The company's business significantly depends on projects awarded by government or government-owned customers, which subjects us to a variety of risks. Such projects contributed to 81.72% of its Order Book as of January 31, 2026.

Railway sector projects contribute approximately 67.89% of the company's Order Book as of January 31, 2026. Any change in the sector causing decline in the numbers of project available may adversely affect its revenues and profitability.

The company derives a significant portion of the company's revenue from state of Madhya Pradesh, making the company vulnerable to geographical concentration risk. Any adverse developments affecting its operations in Madhya Pradesh could have an adverse impact on the company's revenue and results of operations. The company deriveds 44.20%, 47.99%, 51.72% & 34.14%, respectively of its revenue from the state of Madhya Pradesh for the six months period ended September 30, 2025 and in Fiscal 2025,2024 & 2023 respectively.

The company may be unable to identify or acquire new projects and the company's bids for new projects may not always be successful, which may negatively impact its business growth.

The company's Order Book may not be representative of its future results and the company's actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect the company's business, financial condition, results of operations and prospects.

The Net Proceeds of the Issue will be partly utilized for the repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company, including payment of accrued interest thereon.

The company is requireds to furnish bank guarantees under its contracts. The company's inability to arrange such bank guarantees or the invocation of such bank guarantees may adversely affect its cash flows and financial conditions.