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Presently the Company, its Promoters, its Directors and its Group Companies/Entities are involved in certain civil proceedings and certain other tax related proceedings and any adverse decision in such proceedings may render it liable to liabilities and penalties and may adversely affect its business and results of operations.
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The Company has incurred Losses during the nine months period ended on December 31, 2023.
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There are outstanding legal proceedings involving the Company, Promoters and Directors. Any
adverse decision in such proceeding may have a material adverse effect on its business, results of operations and financial condition.
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The company top ten customers contribute approximately 90% of its revenues for the financial period ended September 30, 2022. Any loss of business from one or more of them may adversely affect its revenues and profitability.
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Significance of recruiting, training and retaining qualified and experienced personnel who meet the IT Professional Services requirements of its clients may adversely affect the company reputation, business prospects and future financial performance.
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Its top ten customers contribute approximately 88% of the company`s revenues for the financial period ended December 31, 2023. Any loss of business from one or more of them may adversely affect its revenues and profitability.
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The Company does not own any of the trademarks for the logos representing a particular product (or) the trademark of word "DTL". In case its not availing registration for the Trademark, its business and brand/reputation might suffer as the company depend on its brand names and logos that its may not be able to protect and/or maintain.
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Significance of recruiting, training and retaining qualified and experienced personnel who meet the IT Professional Services requirements of its clients may adversely affect the company reputation, business prospects and future financial performance.
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The company inability to cater to and suitably update and enhance its offerings may adversely affect its revenues and, thus, the company business, results of operations and prospects.
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Its intellectual property rights may be infringed upon or its may infringe the intellectual property
rights of third parties.
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The company ability to retain the present number of customers serviced by it and attract new customers is heavily dependent upon various factors including its reputation and its ability to maintain a high level of service quality. Any failure by it to retain or attract customers may impact its business and revenues.
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The company`s inability to cater to and suitably update and enhance its offerings may adversely affect the company`s revenues and, thus, its business, results of operations and prospects.
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Termination of agreements/arrangements with Customers, could negatively impact its revenues and profitability.
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Its ability to retain the present number of customers serviced by the company and attract new customers is heavily dependent upon various factors including its reputation and the company`s ability to maintain a high level of service quality. Any failures by it to retain or attract customers may impact its business and revenues.
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The company IT Professional Services business where its fulfill IT professional needs of the company clients is subject to extensive government regulations, which may restrict the types of services its permitted to offer or result in additional tax or other costs that reduce our revenues and earnings.
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Termination of agreements/arrangements with Customers, could negatively impact its revenues and profitability.
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The company`s IT Professional Services business where its fulfill IT professional needs of the company clients is subject to extensive government regulations, which may restrict the types of services the company is permitted to offer or result in additional tax or other costs that reduce its revenues and earnings.
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The company require a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be obtained by the Company and any failure or delay in obtaining the same in a timely manner may adversely affect its operations.
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The company Restated Financial Statements are Prepared and Signed by a Peer Reviewed Chartered Accountant who is not Statutory Auditor of the Company.
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Its Restated Financial Statements are Prepared and Signed by a Peer Reviewed Chartered Accountant
who is not Statutory Auditor of the Company.
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Pending approval for E - Form INC 22 regarding change in registered office of the Company.
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The company requires a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be obtained by the Company and any failures or delay in obtaining the same in a timely manner may adversely affect its operations.
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The Company does not own the premises at which its registered office and branch offices are located and the same has been taken on rent. Any termination of such rent agreement and/or non- renewal could adversely affect its operations.
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The Company does not own the premises at which its registered office, Administrative Office and
branch offices are located and the same has been taken on rent. Any termination of such rent
agreement and/or non-renewal could adversely affect its operations.
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There have been some instances of delayed filing of records and returns required to be filed by the
Company with various regulatory authorities.
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Non Registration of Rent Agreement of Branch Office situated in Haryana.
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Any disruption, downfall, slowdown or changes in Information Technology sector globally as well as in India may cause loss of business to the Company.
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There have been some instances of delayed filing of records and returns required to be filed by the Company with various regulatory authorities.
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Its business is mainly dependent on the stability of policies and economic condition of USA.
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Any disruption, downfall, slowdown or changes in Information Technology sector globally as well as in India may cause loss of business to the Company.
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Any disruption in its information technology systems may adversely affect the company`s business, results of operations and prospects.
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The company business is mainly dependent on the stability of policies and economic condition of USA.
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If the company is unable to source business opportunities effectively, its may not achieve the company`s financial objectives.
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Any disruption in its information technology systems may adversely affect its business, results of operations and prospects.
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The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
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If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.
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Its Promoters and members of the Promoter Group will continue jointly to retain majority control
over the Company even after the Issue which will allow them to determine the outcome of matters
submitted to shareholders for approval.
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The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
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The company Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company even after the Issue which will allow them to determine the outcome of matters submitted to shareholders for approval.
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Its Promoters play key role in the company functioning and the company heavily rely on their knowledge and experience in operating its business and therefore, it is critical for the company`s business that its Promoters remain associated with the company.
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The company Promoters play key role in its functioning and the company heavily rely on their knowledge and experience in operating its business and therefore, it is critical for the company business that its Promoters remain associated with the company.
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Its success depends largely on the company`s senior management and its ability to attract and retain the company`s key personnel.
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In addition to normal remuneration or benefits and reimbursement of expenses, its Promoters, the company`s Directors and Key Managerial Personnel are interested in the Company to the extent of their shareholding, and dividend entitlements etc.
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The company success depends largely on its senior management and its ability to attract and retain the company key personnel.
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There may be potential conflict of interests between the Company and entity promoted by its
Promoters cum Director.
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In addition to normal remuneration or benefits and reimbursement of expenses, its Promoters, the company Directors and Key Managerial Personnel are interested in the Company to the extent of their shareholding, and dividend entitlements etc.
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The Objects of the Issue for which funds are being raised, are based on its management estimates and
any bank or financial institution or any independent agency has not appraised the same. The
deployment of funds in the project is to be done as per the provisions of applicable law.
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There may be potential conflict of interests between the Company and entity promoted by its Promoters cum Director.
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There is no monitoring agency appointed by the Company and the deployment of funds are at the
discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.
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The Objects of the Issue for which funds are being raised, are based on its management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
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Its ability to pay dividends in the future will depends upon the company`s future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
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There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and its Board of Directors, though it shall be monitored by the Audit Committee.
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Its future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
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Its ability to pay dividends in the future will depend upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
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The company future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
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Delay in raising funds from the IPO could adversely impact the implementation schedule.
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Delay in raising funds from the IPO could adversely impact the implementation schedule.
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The requirements of being a public listed company may strain its resources and impose additional
requirements.
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Third party industry and statistical data in this Red Herring Prospectus may be incomplete, incorrect or unreliable.
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The requirements of being a public listed company may strain its resources and impose additional requirements.
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The Company has had negative cash flows from its operating activities, investing activities as well as financing activities in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
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Third party industry and statistical data in this Draft Prospectus may be incomplete, incorrect or unreliable.
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The company cannot assure you that its equity shares will be listed on the SME platform of NSE in a timely manner or at all, which may restrict your ability to dispose of the equity shares.
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The Company has had negative cash flows from its operating activities, investing activities as well as financing activities in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
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Sale of Equity Shares by its Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
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Its may not be successful in implementing the company`s business strategies.
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The company is exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.
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Its business is significantly affected by fluctuations in general economic activity, such as recent effects of COVID 19 viruses.
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Unsecured loans have been taken by the Company which can be recalled by the lenders at any time.
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The company operates in highly competitive markets and its inability to compete effectively may lead to lower market share or reduced operating margins, and adversely affect its results of operations.
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Its growth will depends on the company`s ability to build its brand and failures to do so will negatively impact its ability to effectively compete in this industry.
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Its inability to manage growth could disrupt the company`s business and reduce profitability.
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Any negative publicity or defect in service quality may cause the Company substantial costs which in turn could adversely affect its goodwill and its sales could be diminished.
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There being no alternate arrangements for meeting its capital requirements for the Objects of the
issue. Any shortfall in raising the same could adversely affect its growth plans, operations and
financial performance.
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Industry information included in this Red Herring Prospectus has been derived from industry reports
commissioned by it for such purpose. There can be no assurance that such third-party statistical
financial and other industry information is either complete or accurate.
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The Company has entered into certain related party transactions and may continue to do so in the
future.
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There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder`s ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
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After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.
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The Issue price of its Equity Shares may not be indicative of the market price of the company`s Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
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Within the parameters as mentioned in the chapter titled `objects of this Issue` beginning on page 71 of this Red Herring Prospectus , the Company`s management will have flexibility in applying the
proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue
have not been appraised by any bank or financial institution.
