J Infratech Limited

• Funding our working capital requirements₹375 Cr
• Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company₹50.0 Cr
• General corporate purposes

Except as disclosed in this section, there are no outstanding (i) criminal proceedings; (ii) actions taken by regulatory authorities and statutory authorities; (iii) claims related to direct and indirect tax matters; and (iv) other pending litigation as determined to be material by the Board pursuant to its resolution dated September 21, 2026, in each case involving the Company, Subsidiaries, Promoters and Directors. Further, except as disclosed in this section, there are no disciplinary actions including penalties imposed by the SEBI or the Stock Exchanges against our Promoters in the last five Financial Years. Further, except as disclosed in this section, there are no outstanding (i) criminal proceedings; and (ii) actions by regulatory authorities and statutory authorities, against any Key Managerial Personnel and Senior Management. Our Company does not have any Group Company as on the date of this Draft Red Herring Prospectus. Except as stated in this section, there are no outstanding material dues to creditors of our Company.

• Our business is primarily dependent on contracts awarded by Government Entities, which accounted for 90.32%, 89.00%, and 84.98% of our Revenue from Operations for Fiscals 2026, 2025 and 2024, respectively.(Customer Concentration)

• Our Order Book is heavily concentrated with our top two customers, NHAI and NHIDCL, which accounted for 69.99%, 50.00%, and 53.66% of our total Order Book at March 31, 2026, 2025 and 2024, respectively.(Customer Concentration)

• A significant portion of our future revenue and financial performance is dependent on our ability to secure, execute and complete projects received from Government Entities in a timely manner and on our ability to receive payments in respect of such projects.(Execution and Payment Risk)

• Contracts with Government Entities are subject to extensive internal processes and insufficiency of funds, which may lead to a lower number of contracts available for bidding or an increase in the time gap between invitation for bids and award of the contract.(Execution and Payment Risk)

• Payments receivable from Government Entities are typically subject to various levels of procedural approvals, verification processes and budgetary releases, and any delay in completing these processes may result in delays in receipt of payments, impacting our business, working capital requirements, financial conditions and cash flow.(Execution and Payment Risk)

• Contracts with government and government-owned customers are typically based on the contract form finalized by the government, limiting our ability to negotiate terms, which are often in favour of the government and government-owned customers.(Contractual Terms)

• Any adverse changes in the policies of the Government Entities may result in our contracts being foreclosed, terminated, restructured or renegotiated, which could materially and adversely affect our results of operations, profitability and financial condition.(Regulatory and Policy Risk)

• The award of contracts is subject to political and economic factors, including changes in government spending, fiscal constraints, budgetary allocations for infrastructure spending, policy changes and macroeconomic conditions.(Regulatory and Policy Risk)

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.