The company's products and services are significantly concentrated in certain states, particularly Bihar and Gujarat, and any adverse developments in these regions may materially impact its business and cash flows.

The company does not have long-term agreements with a majority of its customers, and any changes or cancellations of orders, or its inability to forecast demand, may adversely affect operations and financials.

The company derives the majority of its revenue from Sales of Goods and Sales of Services, and any reduction in demand for these segments could adversely affect its business and results of operations.

The average cost of acquisition of equity shares by the Promoter Selling Shareholders could be lower than the Offer Price determined in consultation with the Book Running Lead Manager.

Delays in filing Advance Tax, EPF, GST and TDS returns may lead to regulatory penalties and could have an adverse impact on the company's financial and operational performance.

The company is dependent on a limited number of suppliers for procurement of its raw materials, and the loss of one or more of them could materially and adversely affect operations and profitability.

There have been past instances where the company's forensic product activities were not aligned with the main object clause of its Memorandum of Association, and a penalty of Rs.0.50 Lakh was imposed.

The company sources products from international markets including China, USA, Turkey, Japan and Italy, and any adverse developments affecting such procurement could materially impact revenue and results.

The company had negative cash flows in past years, and sustained negative cash flows could impact its growth and business.

The company derived 55.22%, 78.91% and 86.98% of revenue in FY2026, FY2025 and FY2024 from business transactions with government entities or agencies, and any change in government policies could adversely affect it.