The company is exposed to rising costs, supply disruptions and import restrictions on essential raw materials, which may adversely impact its expenses, project timelines and overall financial performance.

The company's registered office and manufacturing unit from where it operates are not owned by it, exposing operations to lease-renewal, tenancy and continuity risks.

The company faces execution risk from shifting its leased manufacturing facility and integrating operations with the proposed Manufacturing Unit II, which could disrupt production.

The company is significantly dependent on imports for its raw material procurement, exposing it to geopolitical developments, trade sanctions, international tensions and foreign exchange fluctuations.

The company is subject to strict quality requirements; any failure by it or its suppliers to comply with quality standards may lead to product recalls, product liability and warranty claims.

The company's individual Promoters play a key role in its functioning, and it relies heavily on their knowledge and experience; loss of a Promoter or key managerial personnel may adversely affect operations.

The company relies on its in-house designing and execution team for manufacturing, and the loss of key employees may have an adverse effect on the execution of its projects.

A substantial portion of the company's revenue is derived from its top 10 customers; the loss of business from one or more of them could negatively impact its revenues and profitability.

The company's business is heavily reliant on the performance of the broader automotive industry in India and globally, and a downturn in this industry could adversely affect its business.

The company's Group Company is engaged in a similar line of business; although a non-compete agreement exists, conflicts of interest may still arise and adversely affect its business and financial condition.