Valplast Technologies Ltd IPO

Strong Management Team and Experienced Staff/ Trained Employees.

Optimal Utilization of Resources.

Diversified revenue from multiple geographies.

Our Company, promoters and directors are involved in certain legal proceedings. Any adverse decision in suchproceedings may have a material adverse effect on our business, results of operations and financial condition.

Our company has experienced losses in the past and has pending recoveries for which we have initiated litigationthat is still ongoing. Any adverse decision in such proceedings may have a material adverse effect on our business,results of operations and financial condition.

Our contingent liabilities as stated in our Restated Financial Statements could adversely affect our financialconditions.

Substantial portion of our revenues has been dependent upon our few clients from which we get the majority ofproject on sub-contract basis. The loss of any one or more of our major clients would have a material adverseeffect on our business operations and profitability.

Our top five states contribute our major revenue for the year ended 31st March 2025, 2024, and 2023. Any loss ofbusiness from one or more of these states may adversely affect our revenues and profitability.

Our major revenue is sourced from our Waterproofing Services, Construction of Tunnels and Mechanical,Electrical & Plumbing (MEP) Works. Our inability or failure to manage and attract more clients for thisparticular service could adversely affect our business.

Our Company is dependent on third parties for the supply of raw materials required for our projects and is exposedto risks relating to fluctuations in commodity prices and shortage of raw material. Further, we do not have anylong-term supply agreements with the raw material providers.

Our Company may not have complied with certain statutory provisions of the Companies Act, 2013. Such noncompliances/ lapses may attract penalties and prosecution against the Company and its directors which couldimpact on the financial position of the Company to that extent.

Our Company may incur penalties or liabilities for non-compliance with certain provisions of the GST Act,Income Tax and other applicable laws in previous years.

We derive majority of revenue from undertaking projects on sub-contracting basis and our financial conditionwould be materially and adversely affected if we fail to obtain new sub-contracts or direct contracts or our currentcontracts are terminated.