Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Customer Concentration Risk
A substantial portion of our revenues is dependent on our top 10 customers.
Operational · high
Regulatory Approval Risk
Our project execution is dependent on customers taking various actions that are outside our direct control.
Operational · high
Financial Condition Risk
Delays in customer payments linked to project milestones can adversely affect cash flows and financial condition.
Financial · medium
Adverse Auditor Observation
The auditor's report for Fiscal 2026 contains an adverse observation regarding immovable properties registered under an erstwhile partnership firm.
Compliance · medium
What the business leans on, as the filing describes it.