Nnt Developers Limited

• Funding of capital expenditure requirements of our Company towards purchase of machinery and equipment₹24.6 Cr
• Funding long-term working capital requirement of our Company₹75.0 Cr
• Repayment and / or pre-payment, in part or full, of fund-based working capital facilities availed by our Company₹22.0 Cr
• General Corporate Purposes

• A significant portion of our revenue is derived from projects awarded by government authorities and government departments. Consequently, our business operations are substantially dependent on government spending, policies, and regulatory frameworks. Any adverse changes in government policies, budget allocations, tendering processes, or contractual terms may result in the foreclosure, termination, restructuring, renegotiation, or delay of our existing or future contracts. Such developments could adversely affect our business operations, cash flows, financial performance, and overall results of operations.(Regulatory & Policy)

• A significant portion of our revenue from operations is derived from Bihar, Madhya Pradesh, West Bengal and Jharkhand. Any loss of business from this region may adversely affect our results of operations and profitability. A significant portion of our revenue from operations is derived from the states of Bihar, Madhya Pradesh, West Bengal and Jharkhand. Accordingly, our business operations and financial performance are substantially dependent upon the economic conditions, infrastructure development activities, government spending patterns, regulatory environment and overall business climate prevailing in these states.(Geographic Concentration)

• The details of the revenue generated from government for the 3 financial years are as follows: March 31, 2026: 12,971.51 lakh (58.00%); March 31, 2025: 12,691.90 lakh (61.27%); March 31, 2024: 13,428.22 lakh (93.06%).(Revenue Concentration)

• The following table sets forth the state-wise bifurcation of our revenue from operations for the periods indicated: Fiscal 2026: Bihar 9,919.57 lakh (44.35%); Madhya Pradesh 10,529.84 lakh (47.08%); West Bengal 127.46 lakh (0.57%); Jharkhand 22.27 lakh (0.10%); Nepal-side works billed from Patna 453.60 lakh (2.03%).(Geographic Concentration)

• We may not be able to adequately protect our intellectual property, which could harm the value of our brand and services. Our brand name, logo and reputation play an important role in the growth and success of our business. Our ability to maintain and strengthen our brand and reputation is critical to our success.(Intellectual Property)

• Government contracts are subject to strict compliance requirements, tender conditions, timelines, approvals, and regulatory procedures. Any changes in tender eligibility criteria, procurement policies, taxation policies, environmental regulations, safety standards, or other government rules may increase operational costs, delay project execution, or restrict the Company's participation in future tenders.(Regulatory & Policy)

• In many cases, government authorities also retain broad rights under contractual arrangements, including the right to suspend, terminate, modify, renegotiate, or foreclose contracts for reasons such as change in policy, public interest considerations, budgetary limitations, administrative decisions, delays in approvals, or non-availability of funds. Such actions may occur even after substantial mobilisation of resources by the Company.(Contractual)

• Since infrastructure and construction projects generally require substantial upfront investment in labour, materials, equipment, and execution capabilities, delays in payments or project execution can adversely affect cash flows and working capital requirements.(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.