Seshaasai Technologies Limited IPO

In the three months ended June 30, 2024, and Fiscals 2024, 2023 and 2022, the company serviced 367, 476, 355 and 400 customers, respectively. The company generates a significant portion of its revenues from a limited number of customers, and any loss or reduction of business from these customers could reduce its revenues and adversely affect the company business, results of operations, financial condition, and cash flows.

Its revenues are dependent on a limited number of industry verticals, and any decrease in demand for the company services in these industry verticals could reduce its revenues and adversely affect the company business, results of operations, financial condition, and cash flows.

Its contracts with customers subject it to extensive compliance requirements. Failures to comply with the terms of these contracts may lead to breach of the termination of the contracts and action against it for breach, which may adversely affect the company business, results of operations and financial condition.

The company is exposed to the risks of providing solutions and services to the government projects /institutions and public sector enterprises.

Failures of its information technology infrastructure or any breach of the company information technology systems may adversely affect its business, results of operations and financial condition.

Its business is dependent and will continue to depends on the company manufacturing units, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.

The company relies on the timely supply of different raw materials for manufacturing, personalizing and printing its products. The company business could be adversely affected if its suppliers fails to meet their delivery obligations or raise their prices.

Its business may be adversely affected by costs relating to errors or product defects, and the company could be faced with product liability and warranty claims.

Certain forms filed by it with the RoC and certain corporate records and other documents, are not traceable and have discrepacies. While the company has conducted a search with the RoC, in respect of the unavailability of such forms and other records, its cannot assure you that such forms or records will be available at all or any time in the future.

The emergence of new and advanced technologies could render its existing solutions obsolete or irrelevant which could adversely impact the company results of operations, financial condition and cash flows.