Black Opal Consultants Ltd IPO

Strong, experienced and dedicated senior management team and qualified workforce.

Acquisition in Aurika Developers LLP.

Ability to provide good services and customer satisfaction.

Ability to scout for new opportunities and capitalising the same.

Consistent track record of growth and financial performance.

Ability to serve diverse customer needs.

The company generates a substantial portion of its revenue from a limited number of key customers, and the company does notmaintain long-term contractual arrangements with them. Accordingly, any reduction in the volume of businessfrom such customers, or the termination or non-renewal of existing project specific arrangements, could havea material adverse effect on its business, cash flows, financial condition, and results of operations.

The companys operations are geographically concentrated in two states i.e. Uttar Pradesh and Haryana, and any adversedevelopments in these markets may materially and adversely affect its business, financial condition, andresults of operations.

The companys revenues are significantly dependent on its brokerage and related activities, which exposes the company to certainbusiness and operational risks.

The companys business is significantly concentrated in the residential real estate segment. A limited presence incommercial may expose the company to segment-specific risks and limit its revenue diversification.

The Company doesnt own the premise where its registered office is situated, and its has entered into a rentagreement for the same. Any termination or dispute in relation to this rental agreement may have an adverseeffect on the company business operations and results thereof and its registered office premise is shared with the company groupentities and subsidiary without any formal agreement, which may expose it to operational, legal, andregulatory risks.

The Company, its Directors, Promoters, Group Entities, Subsidiary, Key Managerial Personnel and SeniorManagerial Personnel are involved in certain legal proceedings. Any adverse decision in such proceedings mayhave a material adverse effect on its business, results of operations and financial condition.

The Company operates under several statutory and regulatory permits, licenses and approvals. Its inabilityto obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operatethe company business may have an adverse effect on its business & operations.

Its faces competition from Indian companies and Local Brokers and the company may be unsuccessful in competingagainst current and future competitors, which could have an adverse impact on the pricing of its services aswell as increase the costs associated with growing the company customer base.

The company has a limited operating history and may be subject to risks inherent in early stage companies, which maymake it difficult for you to evaluate its business and prospect.

The company has experienced negative cash flows in relation to our operating, investing and financing activities for theperiod ended June 30, 2025, and during Fiscal Years 2025, 2024, and 2023. Any continued negative cash flowsin the future may adversely affect its results of operations and financial condition.