The Company is dependent on Tier-I vendors, whose demand is directly linked to OEM procurement cycles; any reduction or discontinuance of their demand may adversely affect the business.

For the Company's proposed new manufacturing facility, certain statutory approvals and clearances are yet to be obtained; delays could postpone expansion and increase project costs.

A substantial portion of the Company's revenue (99.96% in FY26) is derived from customers in Gujarat; adverse developments in the region could disproportionately affect operations.

A significant portion of Net Proceeds (Rs.3,995.69 lakhs) is for capital expenditure on plant and machinery; delays in procurement, delivery or installation could raise costs and delay operations.

The Company depends on customer-approved raw material vendors with limited flexibility to change suppliers; any disruption in their supply could impact production schedules and customer relationships.

Raw material costs (67.70% of revenue in FY26) are subject to price volatility; any material increase or supply shortage from approved vendors may adversely affect margins and operations.

The Company has had past instances of delayed statutory filings, particularly Provident Fund payments; future delays could result in regulatory penalties and reputational harm.

The Company is significantly dependent on the automotive sector; any downturn or shift in OEM demand, including from EV adoption, may adversely affect business and financial performance.

The Company's operating cash flows have fluctuated historically due to working capital movements; inability to generate sufficient operating cash flows could affect business operations.

The Company's lenders hold charge over its movable and immovable properties for secured debt of Rs.3,102.38 lakhs; past loan default history may affect perceptions of its credit profile.