Sify Infinit Spaces Limited IPO

In the three months ended June 30, 2025, and Fiscals 2025, 2024 and 2023, the company derived 82.26%, 82.43%, 79.44% and 81.43% of its revenue from operations, respectively, from the company's top 10 clients, which include all of our Hyperscaler clients and key Enterprise clients. The loss of such key clients may materially and adversely affect its business, future prospects, and financial performance.

The company may not be able to retain and acquire new clients for its data centers. Any inability to retain and acquire clients may materially and adversely affect the company's business, future prospects and financial performance.

Reduction in power supply, rising power expenses and unavailability of fuel may disrupt its data center operations and the company's profitability could decline.

Security breaches, cyber-attacks, computer viruses and hacking activities may cause material adverse effects on its business, financial performance and results of operations and expose the company to liability, which could adversely affect its business and our reputation.

Disruption to its data center infrastructure may cause us to lose clients and/or incur additional expenses, thereby adversely affecting the company's business, revenues and cash flow.

Technological changes, evolving client requirements and emerging industry trends may affect its business, may render the company's current technologies obsolete and may require the company to make substantial capital investments. If the company is unable to adapt in a timely manner to changing market conditions, evolving client requirements or technological changes, the company's business, financial condition and results of operations could be materially and adversely affected.

If demand for data center solutions in India, in particular demand for AI workloads and IoT applications, does not continue to grow as anticipated, the company's business, profitability and results of operations could be materially adversely affected.

The data center business is capital-intensive, and our expectation for its capacity to generate capital in the short term may be insufficient to meet the company's anticipated capital requirements.

The company is dependents on its Promoters, in particular STL for setting the overall strategic business direction of the Company. Any adverse change in the company's relationships with its Promoters could materially adversely impact the company's business performance and operations.

The operation of its businesses is highly dependent on information technology, and the company is subject to risks arising from any failures of, or inadequacies in, the company's IT system.