Marushika Technology Ltd IPO

Good track record.

Effective market anticipation.

Cordial relations with our clients.

Emerging segment in India.

The companys revenue generation is significantly dependent on Government tendered projects and its associated entitiesincluding public sector undertakings and government organisations. If there are unfavorable changes in thepolicies of the government, it could result in closure, termination or renegotiation of our projects order, whichwould impact on its business and financial performance significantly.

The company is dependents on a limited number of clients for a significant portion of its revenue. Any adverse changes inindustry dynamics, client strategies, or the loss of a major client could significantly affect the companys business operationsand financial performance.

The Contracts in the companys order book may be adjusted, cancelled, or suspended by its clients at their discretion, andtherefore the companys order book is not necessarily indicative of future revenues or earnings.

Majority of its revenue is dependent on the products and services provided by the company under IT and TelecomInfrastructure (IT) Vertical, any decline in the demand for these services can affect our revenue and result ofoperations.

The Company is dependent on various Original Equipment Manufacturers (OEMs) for the supply of productsrequired for its projects, to act as a value-added distributor and is exposed to risks relating to fluctuations intheir prices and shortage of Products.

The companys business will suffer if we fail to anticipate and develop new services and enhance existing services in orderto keep pace with rapid changes in technology and the industries on which the company focus.

The companys contingent liabilities as stated in the companys Restated Financial Statements could adversely affect its financialconditions.

the companys top 10 Suppliers contribute a significant portion of its product purchase during the financial year endedMarch 31, 2025 and March 31, 2024. Any dispute with one or more of them may adversely affect the companys businessoperations.

Majority of its revenues from operations are majorly derived from the state of Delhi and Uttar Pradesh. Anyadverse developments affecting its operations in the state could have an adverse impact on the companys revenue and theresults of operations.

There are outstanding legal proceedings involving the Company, Promoters, Directors, KMPs, SMPs and GroupCompany. Any adverse decision in such proceedings may have a material adverse effect on the companys business, resultsof operations and financial condition.