Shayona Engineering Ltd IPO

Diverse Product Portfolio.

Integrated Operations and Economies of Scale.

Established Client Relationships.

Commitment to Quality.

Experienced Team.

Substantial portion of our revenues are dependent on few customers and the loss of, or a significant reduction in purchasesby any one or more such customers could adversely affect its financial performance.

The Company is subject to export obligations under the EPCG Scheme Non-fulfilment of such obligations may lead tofinancial liabilities

The companys design and engineering team designs its products as per the specifications provided by the OEMs or Service providers.Any variation from the customer specification may lead to increase in cost or reduce margins.

The company relys significantly on some suppliers for the supply of its raw materials. If these suppliers are unable or unwilling tosupply raw materials on time or otherwise fails to meet the companys requirements, the companys business will be harmed. An inability to procurethe desired quality, quantity of its raw materials and components in a timely manner and at reasonable costs, or at all, mayhave a material adverse effect on the companys business, results of operations and financial condition

The companys ability to anticipate changes in consumer preference, and industry trends and to meet customers demands is a significantfactor to remain competitive, any failures to identify and understand the trends may materially adversely affect its business.

Delay in commencement of production at its new plant may adversely impact the companys operations and financial performance.

Non-requirement and Future Applicability of Factory License for Unit-2 (New) located at Survey No. 488, Near Uline PackLLP & R R Plastic, Por-Kayavarohan Road, Menpura - 391220, Gujarat, India and enhancement of machine capacity inCTO/CTE in the near future.

The Company has experienced negative cash flow in the past and may continue to do so in the future, which could have amaterial adverse effect on its business, prospects, financial condition, cash flows and results of operations.

The company is affected by the prices, availability, and quality of the raw materials used in the companys production.

There have been instances of delays in payment of statutory dues, that is, GST by the Company. In case of any delay inpayment of statutory dues in future by the Company, the regulatory authorities may impose monetary penalties on the company or takecertain punitive actions against the Company in relation to the same which may have an adverse impact on its business,financial condition and results of operations.