Naman In-Store

The Company holds a prominent position in the domestic retail store furniture and fixture market.

The Company possesses a highly skilled and experienced team with strong engineering expertise. This talent pool allows it to conceptualize and deliver innovative fixture solutions tailored to its clients` needs.

The Company is equipped with hi-tech, advanced machinery that enhances its production capabilities and ensures precision in manufacturing.

Multi-Material Process Strength- its ability to work with a variety of materials, including metal, wood, plastic, gives it a competitive edge. The Company can provide versatile and custom finishes.

PAN India offerings: the company has such capabilities and experience that it can efficiently cater to clients` requirements across the entire country, ensuring timely deliveries and superior service.

Warehousing Facility: the company operates a spacious 74,000 sq. ft. warehousing facility for storing finished goods and efficient dispatch. This strategic setup allows it to keep its factory shop floor dedicated to production and assembly, effectively increasing its capacity to handle larger business turnovers .

The Company possesses advanced facilities and a talented pool of resources, enabling it to undertake diverse industrial fabrication projects.

With its existing infrastructure, the company has the capacity to scale operations to meet increasing demand, positioning it favorably in the industrial fabrication space.

Its Registered Office, Corporate Office cum factory, Warehouses from where the company operates are not owned by it. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.

Its business is dependent on the company`s manufacturing facilities and the company is subject to certain risks in its manufacturing processes. Any unscheduled, unplanned or prolonged disruption of its manufacturing operations could materially and adversely affect its business, financial condition, cash flows and results of operations.

The restated examination report by its peer review auditor on Special Purpose Financial Statements has provided a matter of emphasis paragraph for the company has not accounted for interest provisions as per MSMED Act, 2006.

Its lenders have charge over the company`s movable, immovable properties and directors` immovable properties in respect of finance availed by it.

Its lenders have imposed certain restrictive conditions on the company under its financing arrangements. The company inability to meet its obligations, including financial and other covenants under its debt financing arrangements could adversely affect the company`s business, financial condition, results of operations and cash flows.

The restated financial statements have been provided by independent peer reviewed chartered accountants who is not statutory auditor of the Company.

Its product is subject to frequently changing designs, patterns, customer requirements and tastes, its inability to meet such needs or preferences may affect the company`s business.

A significant portion of its revenues are derived from a few geographical regions and any adverse developments affecting such regions could have an adverse effect on its business, cash flows, results of operation and financial condition.

The Company has proposed to shift the existing manufacturing facilitieslocated at Vasai in Maharashtra to Butibori MIDC, Nagpur. If there are delays in setting up the proposed facility or cost overruns related to the proposed facilities, it could have a material adverse effect on the company`s financial condition, results of operations and growth prospects.

The Company failure to maintain the quality standards of the products could adversely impact its business, results of operations and financial condition.

The company faces competition in its business from domestic competitors. Such competition would have an adverse impact on its business and financial performance.

One of its Director is party to certain litigation and claims. Any adverse decision may make it liable to liabilities/penalties and may adversely affect its reputation, business and financial status.

The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.

Its industry is labour intensive and the company`s business operations may be materially adversely affected by strikes, work stoppages or increased wage demands by its employees or those of the company`s suppliers.

Its operations may be adversely affected in case of industrial accidents at its production facilities.

The Company is dependent on third party transportation providers for the supply of raw materials and delivery of its goods and any disruption in their operations or a decrease in the quality of their services could affect the Company`s reputation and results of operations.

Unsecured loan taken by the Company may be recalled at any time.

The company has not entered into any long-term contracts with any of its customers and typically operate on the basis of purchase orders, which could adversely impact its revenues and profitability.

Its business depends largely on availability of various materials and any shortage or interruption in the supply or decrease in quality could adversely affect its business or results of operations.

There is no monitoring agency appointed by the Company and deployment of funds are at the discretion of its Management and the company`s Board of Directors, though it shall be monitored by the Audit Committee.

The company is dependent on various kinds of Suppliers for the supply of raw materials, services and finished goods.

Under-utilization of its manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

Its manufacturing facilities are dependent on adequate and uninterrupted supply of power and fuel. Any shortage or disruption in electricity or fuel supply may lead to disruption in operations, higher operating cost and consequent decline in its operating margins.

The impact of the COVID-19 pandemic on its business and operations is uncertain and cannot be predicted.

Its Directors, Promoters and Promoter group members and have given personal guarantees in relation to certain secured term loan facilities provided to the Company by various banks. In event of default on the debt obligations, the personal guarantees may be invoked thereby adversely affecting its Promoters and Directors ability to manage the affairs of the Company and consequently may impact its business, prospects, financial condition and results of operations.

Its success depends largely upon the services of the company`s Directors, Promoters, other Key Managerial Personnel and Senior Management Personnel and its ability to attract and retain them. Demand for Key Managerial Personnel in the industry is intense and its inability to attract and retain Key Managerial Personnel may affect the operations of the Company.

The company is subject to risks associated with expansion into new geographical regions.

The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the issue. Further the company has not identified any alternate source of financing the `Objects of the Issue` Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.

The company has issued Equity Shares at a price below the proposed issue price during the past 1 years prior to the date of filing the RHP and the average cost of acquisition of Equity Shares by its Promoters is lower than the Issue Price.

The Company has availed insurance cover for Furniture and Fixtures, Plant and Machinery, Raw Material etc., however, it may be inadequate to protect it fully from all losses and damages which in turn would adversely affect its financial condition and results of operations.

The Company has negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

The company has entered into certain related party transactions and may continue to do so.

The company requires certain approvals, licenses, registration and permits for its business, and the failure to obtain or renew them in a timely manner may adversely affect its operations.

Relevant copies of educational qualifications and Experience proof of some of its Directors, Promoters and Senior Management Personnel are not traceable.

The company may not be successful in implementing its business strategies.

Delay in raising funds from the IPO could adversely impact the implementation schedule.

Its inability to manage growth could disrupt the company`s business and reduce its profitability.

Changes in technology may impact its business by making the company products or services less competitive or obsolete or requires it to incur additional capital expenditures.

In addition to normal remuneration or benefits and reimbursement of expenses, some of its Directors and key managerial personnel are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.

Its actual results could differ from the estimates and projections used to prepare its financial statements.

Its Promoters, together with the company Promoter Group, will continue to retain majority shareholding in the Company after the proposed Initial Public Issue, which will allow them to exercise significant control over it. The company cannot assure you that its Promoters and Promoter Group members will always act in the best interests of the Company.

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.

Any future issuance of Equity Shares may dilute your shareholdings, and sales of the Equity Shares by its major shareholders may adversely affect the trading price of the company`s Equity Shares.

The price of its Equity Shares may be volatile, or an active trading market for its Equity Shares may not develop.

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.