AITMC Ventures Limited

• Funding capital expenditure for upgradation of Global Incubation and Skill Hubs (GISH) in select fifty (50) AICTE-approved colleges (Upgradation of GISH)
• Funding capital expenditure for upgradation of infrastructure facilities at seventeen (17) Industrial Training Institutes (ITIs) and three (3) Polytechnic Colleges in the State of Uttar Pradesh, India, under the World Incubation and Skill Hubs (WISH) (Upgradation of WISH)
• Funding capital expenditure towards setting up of Research and Development (R&D) Laboratories at IIT Ropar and upgradation of R&D Laboratories at IIT Kanpur and Company's Gurugram Facility
• Funding capital expenditure towards establishment of Future Tech Park at Sisai, Haryana (Future Tech Park)
• Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company
• General Corporate Purposes

Section VI states there are no outstanding criminal proceedings, actions by statutory or regulatory authorities, claims relating to direct and indirect taxes, or Material Litigation involving the Company, its Directors, the Promoters, KMPs, SMPs and Group Companies. However, under 'Litigation involving our Company' > 'Litigation filed against our Company' > '1. Criminal proceedings', the number '447' is listed.

• Our limited operating history in the drone sector presents challenges in assessing the long-term viability and performance of our drone-related businesses, and there is limited visibility into future financial performance.(Business Operations)

• The drone industry is heavily regulated by the DGCA and governed by the Drone Rules, 2021, and operating within this ecosystem requires various approvals that are subject to delay, rejection, or cancellation.(Regulatory)

• Our transition into drone manufacturing and assembling is capital-intensive, requiring substantial upfront investments, and involves execution risks such as cost overruns, underutilisation of installed capacity, and construction delays.(Financial)

• Our proposed manufacturing and assembly facility at Hisar, Haryana is expected to be central to our future growth plans, and funding a portion of the capital expenditure for this project through the Net Proceeds of the Issue exposes us to execution risks.(Financial)

• The drone technology landscape is rapidly evolving, and there is no assurance that our current drone models will continue to meet future market expectations or remain competitive.(Technology)

• We have recently entered the defence segment and secured initial orders, but defence and public sector contracts involve rigorous technical specifications, tight delivery schedules, and stringent regulatory obligations.(Regulatory)

• Failure to meet the prescribed standards, fulfil contractual commitments within stipulated timelines, or pass pre-dispatch inspections and field tests in defence contracts could lead to contract termination, financial penalties, or blacklisting.(Regulatory)

• We are currently undertaking a reorganization of our facility to delineate defence and non-defence manufacturing activities, and failure to execute this reorganisation smoothly may result in operational bottlenecks, reduced productivity, or cost escalations.(Operational)

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.