Savy Infra & Logistics Limited IPO

1. We derive a majority of portion of our revenue from few customers related to infrastructure, steel and mining industry and loss of such customers may have an adverse impact on our business, financial condition and results of operations.

2. Our revenues are significantly dependent on a single business segment i.e. the services of Engineering, Procurement and Construction (EPC). Consequently, any downturn in sales within this segment would significantly hamper our operations and profitability.

3. While we have a diversified geographical presence, our projects have historically been concentrated in the state of Gujarat, Maharashtra and Andhra Pradesh and any changes affecting the policies, laws and regulations or the political and economic environment in the region may adversely impact our business, financial condition and results of operations.

4. We typically do not have long term agreement with our customers. If our customers choose not to source their requirements from us, there may be a material adverse effect on our business, financial condition, cash flows and results of operations.

5. A significant portion of our revenues are derived from the West and South Zone and any adverse developments in this market could adversely affect our business.

6. Our Company requires significant amount of working capital for continued growth. Our inability to meet our working requirements may have an adverse effect on our results of operations

7. We are dependent on limited number of suppliers and contractors for supply of key raw materials, equipment, trucks and manpower. We have not made any long term supply arrangement with our suppliers. In an eventuality where our suppliers and contractors are unable to deliver us the required resources in a time-bound manner it may have a material adverse effect on our business operations and profitability.

8. Our Company had negative cash flows during certain fiscal years in relation to our operating, investing and financing activities. Sustained negative cash flows in the future would adversely affect our results of operations and financial condition.

9. We do not own the premises where our Registered Office, Corporate Office and branch Offices located.

10. Our logo is not registered with the trademark registration authority, and we may be unable to protect our logo from being infringed by others which may adversely affect our business value, financial condition, and results of operations.