Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Customer Dependency
The company is significantly dependent on its top 10 customers, which contributed 79.19%, 84.92%, and 85.73% of revenue from operations in Fiscals 2026, 2025, and 2024, respectively.
Operational · high
Supplier Dependency
The company relies on its top 10 suppliers for 88.01%, 79.29%, and 79.61% of total net purchases in the last three Fiscals.
Operational · high
Regional Risks
Manufacturing operations are concentrated in Punjab, exposing the company to regional risks.
Operational · medium
Market Fluctuations
The company has not entered into long-term agreements with customers or suppliers, increasing vulnerability to market fluctuations.
Market · medium
Quality Standards
The company faces challenges in maintaining quality standards and managing inventory effectively.
Operational · medium
What the business leans on, as the filing describes it.