Active Infrastructures Limited - IPO

1. Established and proven track record.

2. High standard of service quality.

3. Operation Methodology.

4. Experienced promoters and management team.

5. End-to-end execution capabilities.

6. Optimal Utilization of Resources.

1. Our entire revenue stream is derived from activities from the states of Maharashtra, Uttar Pradesh and Madhya Pradesh. Any adverse development affecting our operations in these regions could have an adverse impact on our business, financial condition and results of operations.

2. Our business significantly depends on projects awarded by government or government-owned customers, which subjects us to a variety of risks.

3. If we fail to qualify for, or win new contracts from project owners, our business, financial condition, results of operations, prospects and cash flows could be adversely affected.

4. We cannot assure you that the construction of our projects will be free from any and all defects.

5. If any of our projects are terminated prematurely, we may not receive payments due to us, which could adversely affect our business, financial condition and results of operation.

6. We are required to furnish bank guarantees as part of our business. Our inability to arrange for such guarantees or the invocation of such guarantees may adversely affect our cash flows and financial condition.

7. Our actual cost incurred in completing a project may vary from the assumptions underlying our bid. We may be unable to recover all or some of the additional expenses incurred, which could affect our financial condition, results of operation and cash flows.

8. Our Company has entered into a joint venture agreement with another party for execution of a project. Any non- compliance with the terms of this joint venture agreement may result in adverse action against the Jointly Controlled Operation and the Company by the governmental authorities / concessioning authority.

9. We have entered into certain related party transactions in the past and may continue to do so in the future.

10. We face considerable risk related to the time required to complete each project, and there may be unexpected delays and cost overruns in our ongoing and future projects.