Projects awarded from certain clients/customers contribute a significant portion of its Order Book. As of March 31, 2024, projects awarded by the company top five clients/customers, based on its Order Book represented 80.60% of the company's Order Book and further significant reliance on repeated key suppliers and clients/customers for operations.

An inability to complete its Ongoing Projects by their respective expected completion dates or at all could have a material adverse effect on its business, results of operations and financial condition.

Its business is manpower intensive, and the company is dependent on the supply and availability of a sufficient pool of labourers from sub-contractors at its project locations. Unavailability or shortage of such a pool of the labours or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.

The company does not have long-term agreements with its suppliers for raw materials, which poses a risk to the company's ability to procure the desired quality and quantity of raw materials in a timely manner and at reasonable costs, or at all. Additionally, its reliance on subcontractors and third parties for the supply of raw materials, non-Core Assets, and certain services in the construction of its projects may expose it to risks that could adversely affect its reputation, business, and financial condition. If the company subcontractors and third parties fail to adhere to regulatory requirements, its may also be subject to penalties.

Its primary operational focus lies within the Mumbai Metropolitan Region (MMR).

The company issubject to strict quality requirements and any failure on its part to comply with quality standards may lead to cancellation of orders, loss of pre-qualification status for future projects.

Its business is subject to seasonal weather and other fluctuations that may affect the company's cash flows and business operations.

Its operations and the work force, customers and/ or third parties on property sites are exposed to various hazards, which could adversely affect its business, financial condition, and results of operations.

The company has incurred borrowings from a commercial bank and its inability to comply with repayment and other covenants in its financing agreements could adversely affect the company's business and financial condition.

Certain unsecured loans have been availed by it which may be recalled by lenders.