Annu Projects Limited
PROSPECTUS · filed 31 Aug 2026
Annu Projects Limited is a company that provides telecom infrastructure and sewerage infrastructure services. The company's financial performance is indicated by a return on equity of 21.27% and a debt-to-equity ratio of 0.34. The offer structure consists of a fresh issue of equity shares. The company faces high material risks regarding its business concentration, as more than 90% of revenue is derived from telecom and sewerage infrastructure, and its customer concentration, with over 60% of revenue coming from government entities based on competitive bidding.
What stands out
Risk factor. More than 90.00% of revenue from operations is derived from telecom infrastructure and sewerage infrastructure verticals. Any slowdown in these sectors or decrease in demand for services could materially and adversely impact the business.
Risk factor. 57.09%, 64.99% and 60.88% of revenue from operations is derived from government sector entities based on competitive bidding. Risks include aggressive bidding, limited negotiation room, execution delays, payment delays, and potential contract termination.
Low leverage. Debt-to-equity of 0.34x.
Healthy return on equity. ROE of 21.3%.
How the offer is structured
- Funding capital expenditure requirements of our Company for purchase of machinery or equipment₹15.4 Cr
- Funding working capital requirements of our Company₹115 Cr
- General corporate purposes₹24.2 Cr
Promoters, litigation & related parties
Promoter (pre)
87.6%
As on the date of this Prospectus, there are no outstanding criminal proceedings (including first information reports), actions taken by regulatory or statutory authorities, claims related to direct and indirect tax matters, or other pending litigation/arbitration involving the Company, Promoters and Directors. There are no disciplinary actions including penalties imposed by SEBI or stock exchanges against Promoters in the last five Financial Years. There are no pending litigation involving Group Companies which may have a material impact on the Company. There are no findings/observations of any inspections by SEBI or any other regulator involving the Company which are material. There are no outstanding material dues to creditors of the Company.
Risks the company discloses
More than 90.00% of revenue from operations is derived from telecom infrastructure and sewerage infrastructure verticals. Any slowdown in these sectors or decrease in demand for services could materially and adversely impact the business.(Business Concentration)
57.09%, 64.99% and 60.88% of revenue from operations is derived from government sector entities based on competitive bidding. Risks include aggressive bidding, limited negotiation room, execution delays, payment delays, and potential contract termination.(Customer Concentration)
Contracts with government customers often have limited or no room for negotiation, leading to unfavorable terms compared to private sector contracts, and may include onerous provisions.(Contractual Terms)
Execution of detailed definitive documentation and agreements with government customers may take a significant amount of time and cause delays.(Execution Risk)
Delays in project implementation and key initiatives where the company has invested significant costs may occur.(Execution Risk)
Levy of liquidated damages due to execution delays may adversely affect profit margins.(Execution Risk)
Political and economic factors such as pending elections, changes in leadership, changes or delays in government policies, and revisions to tax policies can affect the number and terms of new government contracts.(Regulatory/Political)
Government customers have the right to modify or terminate contracts at any time prior to completion, which could significantly impact revenue.(Contractual Terms)