Vendor registrations and approvals across multiple states, supporting tender participation with government
entities.
In-House Manufacturing facilities supported by quality certifications.
Geographically dispersed customer base.
Experienced Promoter having domain knowledge.
The company derives a major portion of its revenue from Government customers, particularly state-owned electricity distribution utilities ("DISCOMs"), and any reduction in Government expenditure, adverse changes in procurement policies or failures
to secure tenders may adversely affect the company business, financial condition, results of operations and cash flows.
The company derives a significant portion of its revenue from the sale of the company key product, namely Low Tension ("LT") cables. Any
decline in demand for LT cables could has an adverse effect on its business, results of operations and financial condition.
The company has recently commenced manufacturing of Low Tension (LT) cables in Fiscal 2023-24 and High Tension (HT) cables
in Fiscal 2025-26 and given its limited operating history in these product categories, the company may faces operational, technical
and commercial challenges that could adversely affect the company business, financial condition, results of operations and future
growth prospects.
Majority of the company revenue is derived from a limited number of customers, and any reduction in orders from such customers
may adversely affect its business, financial condition, results of operations and cash flows.
The Company had negative cash flows in the past, details of which is given below. Sustained negative cash flow could
impact its growth and business.
The company derives a significant portion of its revenue from trading activities, which is a relatively low-margin and competitive
business and may expose the company to risks that could adversely affect its financial performance.
The company is dependent on the performance of the cables market and any adverse changes in the conditions affecting the cables
market can adversely impact its business, financial condition, results of operations, cash flows and prospects.
The company has significant power and fuel requirements and any disruption to power sources could increase its production costs
and adversely affect the company results of operations and cash flows.
The company is significantly dependent on a limited number of suppliers for procurement of its raw materials, with which the company does
not has any long-term agreements and any disruption in supply or volatility in raw material prices may adversely affect its
business, financial condition, results of operations and cash flows.
There has been certain discrepancies, errors and delays in filings relating to forms submitted with the Registrar of
Companies ("RoC") under the provisions of the Companies Act, 2013/1956 and the rules made thereunder. In addition,
certain historical corporate secretarial records are presently untraceable. Any penalty or action taken by any regulatory
authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and
financial position of the Company to that extent.
