Iris Global Services Limited

• Funding the working capital requirements of our Company₹156 Cr
• General corporate purposes

• Our business, profitability and reputation may be materially and adversely affected if our top 10 Technology Brands, which accounted for 75.40%, 79.48% and 81.85% of our total purchases in Fiscal 2026, 2025 and 2024 respectively, fail to supply products in a timely manner.(Supply Chain)

• Any delay in supply, reduction in product allocation, strategic shift in product categories, adverse change in pricing or commercial terms, or operational disruption by our Technology Brands could impair our ability to fulfil purchase orders and result in loss of revenue.(Supply Chain)

• Any non-renewal, termination, adverse modification or material disruption in our arrangements with key Technology Brands, or any deterioration in their financial condition or business prospects, could adversely affect product availability, customer relationships and our competitive position.(Supply Chain)

• Any loss of, or significant reduction in business from, our repeat Channel Partners, which contributed 86.12%, 80.98% and 78.68% of our Revenue from Operations in Fiscal 2026, 2025 and 2024 respectively, could adversely affect our business, results of operations, cash flows and financial condition.(Customer Concentration)

• We do not have long-term arrangements with our Channel Partners and there is no assurance that purchase orders or engagements will remain constant or increase over a period of time.(Customer Concentration)

• Our relationship with Channel Partners is dependent on our ability to regularly meet their requirements and efficiently and timely complete their orders; failure to do so may lead them to alter procurement strategies or switch to competitors.(Customer Concentration)

• We may witness reduced orders from Channel Partners if they receive better prices, terms and conditions from competitors.(Customer Concentration)

• The deterioration of the financial condition or business prospects of our Channel Partners could reduce their purchases and result in a significant decline in the revenues we derive from them.(Customer Concentration)

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.