Merritronix Ltd IPO

Experienced Promoters having deep domain knowledge to scale up the business.

In house manufacturing capabilities.

Management team with an established track record.

Established track record of successfully completed orders.

Efficient operational team.

The company business model as a B2B Electronics Systems Design and Manufacturing services (ESDM) provider with limitedbrand recognition may restrict its pricing power, customer diversification and growth prospects.

The company may not qualify for or win bids to further expand its business in future, which may has an adverse effect on the company business, financial condition, results of operations and prospects

The company typically does not obtain long-term commitments from its customers and they may cancel or change their productionrequirements. Such cancellations or changes may adversely affect the company financial condition, cash flows and results ofoperations.

The company is subject to strict quality requirements, customer inspections and audits, and any failures to comply with qualitystandards may lead to cancellation of existing and future orders and could negatively impact its reputation and the companybusiness and results of operations and future prospects.

Increases in the prices of raw materials required for the company operations could adversely affect its business and results ofoperations

The company Order Book may not be representative of its future results and the company actual income may be significantly less than theestimates reflected in its Order Book, which could adversely affect the company results of operations.

The company has significant working capital requirements. If its experience insufficient cash flows from the company operations or is unable to borrow to meet its working capital requirements, it may materially and adversely affect the company business, cash flowsand results of operations.

An inability to comply with repayment and other covenants in the financing agreements or otherwise meet its debt servicingobligations could adversely affect the company business, financial condition, cash flows and credit rating.

The majority of the company product sales and services is concentrated in the region of Telangana. For the Fiscal 2026, 2025and2024 its revenue from sale of products and services in Telangana accounted for 98.19%, 95.63% and 88.85% of the companyrevenue from operations, respectively any adverse developments affecting its sales in these regions could has an adverseimpact on the company business, financial condition, results of operations and cash flows.

The Company has not adequately complied with some of the provisions of Companies Act, 2013. Any penalty or actiontaken by any regulatory authorities in future, for noncompliance with provisions of corporate and other law could impactthe reputation and financial position of the Company to that extent.