Annu Projects Ltd.
RHP · filed 19 Aug 2026
Annu Projects Ltd. is a construction company that derives over 90% of its revenue from telecom and sewerage infrastructure projects. The company's financial trajectory is supported by a debt-to-equity ratio of 0.34, though it faces high risks regarding business concentration in these sectors and dependence on government sector entities for over 60% of its revenue. Key material risks include the potential for aggressive bidding and unfavorable contract terms with government customers, which could impact profit margins and long-term sustainability.
What stands out
Risk factor. We derived more than 90.00% of our revenue from operations from our telecom infrastructure and sewerage infrastructure verticals during Fiscals 2026, 2025 and 2024, respectively. Any slowdown in telecom sector, sewerage sector or decrease in demand of any services provided by us could materially and
Risk factor. We are dependent on and derived 57.09%, 64.99% and 60.88% of our revenue from operations, during Fiscals 2026, 2025 and 2024, respectively, from government sector entities based on competitive bidding. In case, we fail to secure awards of new projects, it will impact our business, results of operati
Low leverage. Debt-to-equity of 0.34x.
How the offer is structured
- Funding capital expenditure requirements of our Company for purchase of machinery or equipment₹154 Cr
- Funding working capital requirements of our Company₹1.15k Cr
- General corporate purposes
Promoters, litigation & related parties
Promoter (pre)
87.6%
As on the date of this Red Herring Prospectus, there are no outstanding (i) criminal proceedings (including first information reports); (ii) actions taken by regulatory or statutory authorities; (iii) claims related to direct and indirect tax matters; and (iv) other pending litigation/arbitration as determined to be material by the Board pursuant to the Materiality Policy, in each case involving the Company, Promoters and Directors. There are no disciplinary actions including penalties imposed by SEBI or stock exchanges against the 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 and which need to be disclosed. There are no outstanding material dues to creditors of the Company.
Risks the company discloses
We derived more than 90.00% of our revenue from operations from our telecom infrastructure and sewerage infrastructure verticals during Fiscals 2026, 2025 and 2024, respectively. Any slowdown in telecom sector, sewerage sector or decrease in demand of any services provided by us could materially and adversely impact our business.(Business Concentration)
We are dependent on and derived 57.09%, 64.99% and 60.88% of our revenue from operations, during Fiscals 2026, 2025 and 2024, respectively, from government sector entities based on competitive bidding. In case, we fail to secure awards of new projects, it will impact our business, results of operations and financials.(Customer Concentration)
Increased competition for contracts with Government Customers can result in aggressive bidding, impacting profit margins and long-term sustainability.(Customer Concentration)
Contracts with Government Customers often have limited or no room for negotiation, which may lead to unfavourable terms compared to private sector contracts.(Customer Concentration)
Execution of the detailed definitive documentation and agreements with Government Customers may take a significant amount of time and cause delays.(Customer Concentration)
Delays in project implementation and key initiatives where we have invested significant costs.(Customer Concentration)
Levy of liquidated damages due to our execution delays, which may adversely affect our profit margins.(Customer Concentration)
Government Customers also have right to modify or terminate contracts at any time prior to their completion, which could significantly impact our revenue.(Customer Concentration)