Some, of our group entities are engaged in the similar/same line of business promoted by our Promoters or directors or in which our promoters / directors may be interested. Further we have not executed any Non-Compete Agreement with such Group Entity undertaking not to engage in businesses similar to that of our Company.
The products and technologies are developed by our in-house team for and subsequently provided to our clients for which patent rights are held with third party/clients.
Our top ten customers contribute 96.10%, 96.09%, 90.87%, 77.13% of our total revenue from operations for the period ended on September 30, 2023.
Our competitors include large IT consulting firms, captive divisions of large multinational technology firms, large Indian IT services firms, in-house IT departments of large corporations, in addition to numerous smaller local competitors in the various geographic markets in which we operate.
We may be liable to our clients for damages caused by system failures, disclosure of confidential information or data security breaches, which could harm our reputation and cause us to lose clients.
There is no monitoring agency appointed by Our Company to monitor the utilization of the Issue proceeds. As per SEBI (ICDR) Regulations, 2018, as amended, appointment of monitoring agency is required only for Issue size above ₹ 10,000.00 Lakhs.
