CapitalNumbers

Risks

• The Company derives a significant portion of its revenues from clients located in the United States of America and United Kingdom. Any adverse developments in these markets could adversely affect its business.

• Exchange rate fluctuations may adversely affect its results of operations as significant portion of its revenues and some portion of its expenditure is denominated in foreign currencies.

• Its business will suffer if it fails to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and the industries on which the company focuses.

• The Company`s success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where our Company operates is a highly skilled and technical employee intensive industry.

• The Promoter Selling Shareholders, will receive the entire proceeds from the Offer for Sale. the Company will not receive or benefit from any proceeds from the Offer for Sale.

• The Company requirew certain approvals and licenses in the ordinary course of business and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.

• The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.

• The Company may be party to certain litigations and claims during the course of its business. Any adverse decision may make us liable to liabilities/penalties and may adversely affect its reputation, business and financial status.

• Its insurance coverage may not be adequate to protect us against all potential losses to which the company may be subject and this may have a material effect on its business and financial condition.

• The Company may utilize a portion of the Net Proceeds to undertake inorganic growth for which the target has not been identified. In the event that its Net Proceeds to be utilized towards inorganic growth initiatives are insufficient for the cost of its proposed inorganic acquisition, The Company may have to seek alternative forms of funding.

• Intense competition in the market for technology services could affect its pricing, which could reduce its share of business from clients and decrease its revenues and profitability.

• Cyber risk and the failure to maintain the integrity of its operational or security systems or infrastructure, or those of its customers with which the company conducts business, could have a material adverse effect on its business, results of operations, financial condition and cash flows.

• Its global operations expose it to numerous and sometimes conflicting legal and regulatory requirements, and violation of these regulations could harm its business.

• The Company is dependent on information technology systems in carrying out its business activities and it forms an integral part of its business.

• The implementation process of solutions may in some cases be time consuming, and any failure to satisfy its clients or perform as desired could harm its business, results of operations, and financial condition.

• Any unfavorable publicity in service quality may cause the Company substantial costs which in turn could adversely affect its goodwill and its sales could be diminished.

• If the company is unable to collect its receivables from, or bill its unbilled services to, its clients, its results of operations and cash flows could be materially adversely affected.

• Its operating results could be adversely affected by weakening of economic conditions due to lock-down in all parts of World and other parts of world & other situation due to pandemic Covid-19.

• The Company in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.

• The Company relies on third-party data centers and cloud computing providers, and any interruption or delay in service from these facilities could impair the delivery of its products and adversely impact its business and results of operations.

• The Compamny is heavily dependent on its Promoters and Key Managerial Personnel for the continued success of its business through their continuing services and strategic guidance and support.

• Its marketing and advertising campaigns may not be successful in increasing the popularity of its products and offerings. If its marketing initiatives are not effective, this may adversely affect its business and results of operations.

• The company incorporates third-party open source software into its customer deliverables and its failure to comply with the terms of the underlying open source software licenses could adversely impact its customers and create potential liability on it.

• The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence its profitability adversely.

• The company has not identified any alternate source of raising the funds required for the object of the Issue and the deployment of funds is entirely at its discretion and as per the details mentioned in the section titled "Objects of the Issue".

• The Company may be party to certain litigations and claims during the course of its business. Any adverse decision may make it liable to liabilities/ penalties and may adversely affect its reputation, business and financial status.

• If The company is unable to manage its growth effectively and further expand into new markets its business, future financial performance and results of operations could be materially and adversely affected.

• The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.

• The determination of the Price Band is based on various factors and assumptions, and the Issue Price of its Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.

• The Company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.

• Its Promoters and Directors hold Equity Shares in the Company and are therefore interested in the Company`s performance in addition to their remuneration and reimbursement of expenses.

• The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.

• The requirements of being a public listed company may strain its resources and impose additional requirements.

• Its ability to pay dividends in the future will depend on its future cash flows, working capital requirements, capital expenditures and financial condition.

• Its insurance coverage may not be adequate to protect the company against all potential losses to which it may be subject and this may have a material effect on its business and financial condition.

• The company has not independently verified certain data in this Red Herring Prospectus.

• Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.

• The Company will continue to be controlled by its Promoter and Promoter Group after the completion of the Issue, which will allow them to influence the outcome of matters submitted for approval of its shareholders.

• The Company is susceptible to risks relating to unionization of its employees employed by the company.

• Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of its Equity Shares.

• There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder`s ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.

• There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner, or at all.