Ravita Engineering Services Ltd.

A significant portion of our Order Book and revenue from operations have been attributable to, and may continue to be attributable to, certain key customers.(Customer Concentration)

Our operations are geographically concentrated in the western region of India, particularly in the State of Maharashtra, Gujarat and territorial waters of India, which together contributed to 59.12%, 86.96%, 84.18%, and 100.00% of our revenue from operations for the three-month period ended June 30, 2026, and Fiscals 2026, 2025, and 2024 respectively.(Geographic Concentration)

A large portion of our work orders are secured through competitive bidding. Any delay in completing work orders within the stipulated contractual timelines may adversely affect our future business opportunities and financial performance.(Execution Risk)

Our ability to retain existing customers and attract prospective customers depends, among other factors, on the qualification criterion, competitiveness and flexibility of our pricing model. If we are unable to appropriately adjust our pricing in response to market conditions, customer expectations or competitive pressures, we may lose business opportunities or face customer attrition.(Competitive Pressure)

There are a number of factors outside of our control that may result in a customer's decision to discontinue awarding work orders to us or prematurely terminate existing work orders, including changes in strategic priorities, a demand for price reductions, market dynamics and financial pressures.(Customer Concentration)

Our operations are also exposed to inherent execution risks. The bidding process involves considerable investment of time and resources, and once a project is awarded, delays in execution may result in penalties, cost overruns or even termination of the contract.(Execution Risk)

Our reliance on one geographic location, coupled with limited diversification across other regions, increases our vulnerability to region-specific risks. Any material adverse development in this region could negatively impact our business operations, revenue, profitability and growth prospects.(Geographic Concentration)

One of the companies associated with our Promoter and Promoter Group, M.R. Foods Private Limited, is currently under the process of compulsory strike-off by the RoC. In the event M.R. Foods is struck off, it may lead to disqualification of our Promoter(Promoter/Group Risk)