Advanced Sys-Tek Limited

• Funding capital expenditure requirement at our Registered and Corporate Office i.e., Plot No. 299 / 300 G I D C Makarpura, B/H Novino Battery, Vadodara – 390010, Gujarat, India for: Setting up fabrication facility (Fabrication Facility) which entails: Civil construction of a shed; Purchase and installation of solar roof tops; and Purchase and installation of equipment and machinery. Construction of a new building (New Building) along with interior development; installation of heating, ventilation and air conditioning (HVAC), electrical, fire safety, and plumbing₹160 Cr
• Funding our long term working capital requirement₹500 Cr
• General corporate purposes

Except as stated in this section, there are no outstanding (a) criminal proceedings (including first information reports even if no cognizance has been taken by any court) involving our Company, our Directors, our Promoters, our Subsidiary, or our Group Company (Relevant Parties); (b) actions (including all penalties and show cause notices) by any statutory or regulatory authorities involving our Company, our Directors, our Promoters, or our Subsidiary; (c) disciplinary action including penalty imposed by SEBI or stock exchanges against our Promoters in the last 5 Fiscals including outstanding actions; (e) criminal proceedings involving our Key Managerial Personnel and members of Senior Management and actions by regulatory authorities and statutory authorities against any of our Key Managerial Personnel and members of Senior Management; (f) other pending litigations involving our Company, our Directors, our Promoters or Subsidiary (other than proceedings covered under (a) to (e) above) which have been determined to be material pursuant to the materiality policy approved by our Board in its meeting held on July 23, 2026 (Materiality Policy) (as disclosed herein below).

• The Company is significantly reliant on a small number of key customers, particularly large oil and gas PSU companies, with 94.91% of revenue from operations in Fiscal 2026 derived from its top 10 customers, and the top customer alone contributing 35.45% of revenue.(Customer Concentration)

• A significant proportion of revenue (91.39% in Fiscal 2026) is derived from Public Sector Undertakings (PSU Customers), and the business is substantially dependent on contracts awarded through a tender process to the lowest bidder.(Customer Concentration)

• The business requires that the Company continue to maintain pre-qualified status to participate in future tenders issued by PSU Customers, and failure to do so could disqualify it from acquiring projects.(Regulatory / Tendering)

• The Company competes with various larger companies while submitting tenders, and if it has to consistently lower its bid price to be awarded these contracts, its margins and profitability could be adversely affected.(Competitive Pressure)

• The contractual terms for tenders are determined by the PSU customers and are not subject to negotiation, presenting risks such as liability for defects, clients' discretion to grant time extensions, and the right to terminate contracts for convenience.(Contractual / Legal)

• The Company's business, results of operations, and financial condition are significantly dependent on maintaining relationships with its customers, and any failure or inability to retain all or any of its top 10 customers could have a material adverse impact.(Customer Concentration)

• The Company cannot assure that it will be able to retain the business of its existing key customers or maintain the current level of business, and failure to receive projects from customers or inability to do so on commercially viable terms could adversely affect revenue and margins.(Customer Concentration)

• The Company cannot assure that any of the bids it submits for tender-based contracts would be accepted, and its inability to accurately estimate costs may lead to a failure to generate an acceptable return on investment.(Operational / Financial)

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.