1. The company is dependent on few of its customers for its revenues, mainly its body corporate promoter and one of the company's Group Company. Further the company does not have any long-term commitments from customers and any failure to continue its existing arrangements could adversely affect the company's business and results of operations.
2. Its revenue structure is currently reliant on a select group of customers, particularly its body corporate promoter and a Group Company. While the company has established firm long-term commitments with its holding body corporate customer, other customers does not have similar long-term commitments. The continuation of its existing arrangements is crucial, and any failure in this regard could potentially impact its business and operational outcomes.
3. Its revenues from operations are highly dependent on customers located in the United States. Worsening economic conditions or factors that negatively affect the economic conditions of the United States could materially adversely affect
its business, financial condition and results of operations.
4. The success of its business hinges on the company's ability to continually innovate in response to shifting customer needs, adopt and develop new technologies, and adapt to evolving industry standards. Operating in an industry characterized by rapid technological advancements, dynamic industry standards, frequent service introductions, and changing customer demands, its recognize the necessity to stay ahead.
5. If the company fail to innovate in response to changing customer needs and adopt and develop new technologies, or adapt to evolving industry standards, its business, financial condition, and results of operations could be adversely affected.
6. Its business will suffer if the company fail 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 its focus.
7. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
8. The Company has entered into related party transactions in the past and may continue to enter into related party transactions in the future, which may potentially involve conflicts of interest with the equity shareholders.
9. The company is dependent on its ability to customize software products as per the demands and requirements of the customer based on latest technology. If the company is not able to enhance current portfolio in response to evolving industry requirements, its operating results may be negatively affected.
10. Its funding requirements with respect to unidentified acquisitions are based on management estimates and the entities proposed to be acquired are not yet identified.