BharatRohan Airborne Innovations Ltd IPO

Diversified product and service portfolio.

Strong relationships with a diverse customer base.

Strong management capabilities with a demonstrated track record of delivering robust financial performance.

The company derives a substantial portion of its revenue from the sale of the company key services and Products and any loss of sales ofsuch service or products due to change in demand for agricultural products or other factors, could adversely affect itsbusiness, financial condition, results of operations and cash flows. In addition, its may not be able to diversify into newservice or product lines which may adversely affect the company business, revenue from operations, cash flows and financialcondition.

The company is positioning itself to expand its market presence by diversifying into the sale of Agri Ouputs. However,this expansion may expose the company to several risks that could adversely affect its growth, prospects, cash flows, businessoperations, and financial condition.

Over 31.37%, 39.04% and 59.70% of its operating revenue came from the company top five customers in the Fiscals 2025, 2024and 2023. The loss of any of the company top customers, or the loss of revenue from these top customers could have a materialadverse effect on the company business, financial condition, results of operations and cash flows.

The company business operations relies significantly on the continuous and timely supply of products from top 5 and top 10 suppliers,Also, the company does not have continuing and exclusive supply agreement with them. Any interruptions or discontinuation of samewill adversely impact its overall performance and profitability.

The company business is sensitive to weather patterns, seasonal factors and climate change, which can impact demand for its products and services and adversely affect the company business, results of operations and financial condition.

The Company have applied for modification in the FSSAI to include trading activity. We are not sure if the same shallbe approved by the concerned authority or at all.

The Company have negative cash flows in the current and past years from operating and investing activities, details ofwhich are given below. Sustained negative cash flow could impact its growth and business.

The company does not own premises from where we operate. In the event we lose such rights, its Business, Financial Condition andResults of Operations and Cash Flows could be adversely affected.

A significant proportion of the company revenue is derived from Cumin for Agri Output product and any reduction in thedemand for this product could have an adverse effect on its business, results of operations and financial condition.

The company have entered into and may enter into related party transactions in the future, however, there can be no assurance thatsuch transactions, individually or taken together, will not have an adverse effect on its business, prospects, results ofoperations and financial condition.