The company significantly relies on event management division for a significant amount of revenue, and any interruption or reduction in the customers in the said division may adversely affect its business and results of operations.

The company is exposed to claims from inadequate performance and defects that may affect the events managed by it and which may have an adverse effect on its business, financial conditions and results of operations.

Its business is subject to occasional/ seasonal fluctuations that may affect the company cash flows and business operations.

The company depends on its long term customers for a significant portion of the company revenue, and any decrease in revenues or sales from any one of such key customers may adversely affect its business and results of operations.

The company typically does not have firm commitment with its customers. If the company customers choose not to source their requirements from it, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.

The company operates in limited geographies for a significant portion of its revenue and also depends on limited number of customers for the company revenue from operations. Projects in new geographies may not be as profitable as in existing geographies.

Its operations are subject to risks of mishaps or accidents that could cause damage or loss to life and property and could also result in loss or slowdown in its business.

Its business is dependent on third party vendors for activities related to the event like décor & production, lighting, and other equipment, other services & facilities etc. Non-availability of such vendor may adversely affect its business and results of operations.

If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company's business, results of operations and financial condition.

Its business is dependent upon the taste and preferences of the audience. Any shift in consumer taste and preference will have a negative impact on its business.