India's Largest For Profit Social Enterprise for Neurodevelopmental Disorders Intervention Centres, based on
the number of centres.
Focus on Accessibility.
Comprehensive, Multidisciplinary and Client-Focused Care.
Research and Development focused approach and digital adaptability.
Professional and experienced management team.
Our centres operate on leased premises with lease tenures ranging from 11 months to 3 years, and a significant
portion of our capital expenditure comprises immovable fit-outs on such leased properties, which may not be
recoverable if a lease is not renewed or if a centre is closed or moved to some other location.
During Fiscal 2026, 15.36% of our Revenue from Operations was derived from our centres located in the states of
Uttar Pradesh and Karnataka and union territory of Delhi. Additionally, 17.58% of our Revenue from Operations
was derived from centres in Tier 2 cities. Any loss of business from these regions may adversely affect our revenues
and profitability.
In Fiscal 2026, we derived 25.56% of our Revenue from Operations from the export of support services to Carving
Futures Pte. Ltd., our Holding Company, who is also our Corporate Promoter, and Carving Futures Inc., our
Promoter Group entity. Any adverse change in, or termination of, this agreement, or any conflict of interest arising
from such related party arrangements, could adversely affect our business, financial condition, results of
operations and cash flows. Further, 50.21% of our Revenue from Operations for Fiscal 2025, as reflected in our
Pro Forma Consolidated Financial Information, was derived from 3 (three) newly acquired centres in the United
States. Any loss of business from these centres may adversely affect our revenues and profitability.
Our Registered Office, Corporate Office, 91 out of 136 of our centres in India and our newly acquired centres in
the United States are in premises not owned by us and we have only leasehold rights. Lease amount paid for our
centres was Rs. 46.61 million as on March 31, 2026. Additionally, monies from our net issue under capital
expenditure object will be utilized towards leased premises rent payment, for premises having leased for tenure of
11 months - 3 years. Our landlords may not renew leases of existing centres with us or renegotiate terms of our
leases, which could adversely affect our business, financial condition and results of operations.
We operate in a highly specialized and sensitive domain, providing care to children with Neurodevelopmental
Disorders. Till date, we have served upwards of 58,000 children since commencement of our operations in 2018.
Our business depends on our continued ability to maintain standardised and reliable quality of services at all our
centres. Any disruption, limitation, or deficiency in the delivery of our services may adversely affect our reputation,
business operations and financial performance.
During the Fiscal 2026, we derived 73.79% of our revenue from our centre operations, of which, 26.52% was
derived from our centre type - "Company Learning Centres in partnership with Licensed Professionals". Under
this model, we are dependent on the arrangements with these Licensed Professionals, and our business would be
harmed, and revenue would be affected if our arrangements with these Licensed Professionals are terminated or
suspended.
As of March 31, 2026, we operated 34 Early Intervention Centres ("EICs") under the centre type - "Company
Learning Centres in partnership with Licensed Professionals" model. Our ability to provide effective early
intervention services through this model is highly dependent on the availability, cooperation, continued
relationship with as well as the best practices adopted by such Licensed Professionals. Lapses in coordination or
termination of such partnerships could impact service quality, and adversely affect our reputation, business, and
growth.
The Objects of the Issue include expansion of our business by setting up New Centres across India. We may not be
able to successfully implement this, or may face delays in the implementation schedule, causing a material adverse
effect on its business, financial condition, and results of operations.
Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including
prior shareholders' approval.
We are yet to identify the exact locations or properties for the setting up our centres in India, for which we intend to
utilize the amount from Net Proceeds.
