The Company's revenues depend primarily on public acceptance of its film, web series and TV serial content, which is inherently unpredictable and influenced by changing audience preferences, marketing effectiveness, competing releases and general economic conditions.

A significant portion of revenue is derived from domestic box office performance and monetisation of associated rights, making the business dependent on the commercial success of films, particularly during the initial weeks of release.

Revenue is highly concentrated among a limited number of customers; the top customer contributed 26.87%, 47.90% and 28.58% of revenue in Fiscals 2026, 2025 and 2024, exposing the Company to loss of key customers and reduced negotiating leverage.

Film, web series and TV serial content may attract objections from viewers, civil society groups, political parties or religious organisations, potentially resulting in protests, legal proceedings, or restrictions on exhibition, as seen with the temporary ban of 'The Kerala Story' in West Bengal.

The business depends on maintaining strong relationships with key creative and technical talent, including actors, directors and service providers; given the limited talent pool and intense competition, costs may rise and scheduling complexities may cause delays or budget overruns.

The Company experienced negative cash flows from operating activities in Fiscal 2026, primarily attributable to increases in inventory levels, and sustained negative operating cash flows may adversely affect its ability to fund operations without additional financing.

The business is working capital intensive and requirements have increased in recent years due to growth in operations and multiple simultaneous projects; delays in project initiation or client defaults may further increase working capital needs.

Projects are subject to risks of delays, cost overruns, cancellation or abandonment due to factors such as labour disputes, key talent unavailability, equipment shortages and adverse weather, and in standalone productions the Company bears full execution and cost overrun risk.

Post-Offer, the Promoters and Promoter Group will continue to hold a majority shareholding and exercise significant control over the Company, which may limit the ability of minority shareholders to influence corporate matters.

Operations are primarily concentrated in India with limited international presence; the Company has certain contingent liabilities aggregating ₹3,172.96 lakhs as at March 31, 2026, including income tax and service tax demands.