The company's top five customers contributed about 89.31%, 88.04% and 90.18% of revenue in FY2026, FY2025 and FY2024 respectively; losing one or more could hurt revenue and profitability.

There are certain outstanding legal proceedings involving the company, its Subsidiary, Promoters, Directors, KMP and SMP, which may adversely affect its business and financial condition.

Security breaches, IT disruptions or cyberattacks could cause liabilities, reputational damage and an adverse impact on the company's financial condition, operations and cash flows.

The company depends significantly on clients from a few industries; a loss of, or downturn in, those industries could adversely affect its business and profitability.

The company depends on proprietary technology for critical functions; failure to maintain or upgrade it could disrupt operations and affect service quality and results.

The company's revenue from operations is concentrated in a few business segments, and any adverse development in these segments could affect its overall performance.

The company's inability to protect and further strengthen its brand and reputation could adversely affect its business prospects and financial performance.

The company's business is manpower-intensive; inability to attract and retain skilled manpower, or manage attrition, could adversely affect its growth and financial condition.

Client contracts are generally short-term, contain termination provisions and do not guarantee any volume of work; most clients can terminate on notice, which could hurt the business.

The company has contingent liabilities, and its financial condition could be adversely affected if any of these contingent liabilities materialise.