Core4 Engineers Ltd IPO

Wide operational reach and multi-disciplinary execution capability.

Cost efficiency through in-house panel manufacturing.

In-house testing and quality assurance.

Innovation and adoption of advanced technologies

Experienced and qualified in-house execution team backed by promoters and senior management expertise.

A majority of our revenue from operations comes from private-sector customers, accounting for 88.59%, 67.66%,43.57% and 30.34% of our revenue from operations for the period ended June 30, 2026, Fiscal 2026, Fiscal 2025 andFiscal 2024, respectively. Any slowdown in private-sector capital spending, or any delay or default in payment by thesecustomers, could adversely affect our business, cash flows and results of operations.

We derive a portion of our revenues from projects awarded by government and government-owned customers,accounting for 11.41%, 32.34%, 56.43% and 69.66% of our revenue from operations during the period June 30, 2026,Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively, which subjects us to various risks.

Our projects are primarily concentrated in Karnataka, accounting for 95.01%, 85.65%, 43.17% and 40.06% of ourrevenue from operations during the period ended June 30, 2026, Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively,which exposes us to concentration risks, regulatory uncertainties, and potential adverse regional developments.

Our order book may not be representative of our future results, as projects included in our order book particularly forthe projects where we are the lowest bidder, may be cancelled, modified, or delayed beyond our control, leading tosignificant deviations from estimated income and adversely affecting our business, reputation, financial condition, andfuture prospects.

A substantial portion of our service revenue, being 87.07%, 67.65%, 25.38% and 21.79% for the period ended June 30,2026 and the Financial Years ended March 31, 2026, March 31, 2025 and March 31, 2024, respectively, is derived fromwater and wastewater treatment projects. Any slowdown, disruption or adverse development in this sector could have amaterial adverse effect on our business, financial condition and results of operations.

We derive a significant portion of our revenue from a limited number of customers. Any loss of such customers orreduction in business from them could adversely affect our business, cash flows, financial condition and results ofoperations.

Our business is heavily dependent on procurement of construction materials from our suppliers. We do not have longtermagreements with our suppliers of construction material and any increase in the cost of, or a shortfall in theavailability of, such construction materials could have an adverse effect on our business and results of operations.

We are required to furnish performance guarantees as part of our business. Our inability to arrange for such guaranteesor the invocation of such guarantees may adversely affect our cash flows and financial condition.

Delays in completion of our current and future projects and time overrun could have adverse effect on our businessprospects and results of operations.

Our Company has not maintained a separate bank account which is in non-compliance with Section 42(6) of theCompanies Act, 2013. While adjudication has been filed to regularise the matter, there can be no assurance that furtheractions or penalties may not be required, which could adversely affect our operations and reputation.