Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Market Risk
This is the first public offer of Pentacle Consultants I Limited, and there has been no formal market for its Equity Shares. There is no assurance of active trading or the price of the Equity Shares post-listing.
Market · high
Revenue Concentration Risk
A significant portion of our revenue is derived from projects awarded by government and government-related entities, accounting for 30.64%, 58.61%, and 99.25% of revenue from operations in Fiscals 2026, 2025, and 2024, respectively.
Operational · high
Promoter Disqualification Risk
Promoter Pallavi Mahendra More was disqualified under Section 164(2)(a) of the Companies Act, 2013.
Governance · high
Regulatory Risk
The Draft Red Herring Prospectus has not been approved by SEBI, which does not guarantee its accuracy.
Regulatory · medium
Compliance Risk
Interest-free loans were advanced to a relative of a Director, resulting in non-compliance with Section 185 of the Companies Act, 2013.
Regulatory · medium