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There are outstanding legal proceedings involving our Company, Promoters, Promoter Group, Directors and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
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There are outstanding legal proceedings involving the Company, Promoters, Promoter Group, Directors and Group Companies. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
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Our Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.
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The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.
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Our Company is an Approved Vendor having enlisted by Engineers India Limited ("EIL"). If, our Company does not receive the recognition then it may harm our Brand Value or Reputation and may adversely affect our Business, Results of Operations, Financial Condition and Cash Flows.
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The Company is an Approved Vendor having enlisted by Engineers India Limited ("EIL"). If, the Company does not receive the recognition then it may harm its Brand Value or Reputation and may adversely affect its Business, Results of Operations, Financial Condition and Cash Flows.
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Any delays, interruptions or reduction in the supply of raw materials to manufacture our products and any abrupt fluctuations in the prices of our raw materials may adversely affect the pricing of our products and may have an impact on our Business, Results of Operation, Financial Condition and Cash Flows.
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Any delays, interruptions or reduction in the supply of raw materials to manufacture its products and any abrupt fluctuations in the prices of its raw materials may adversely affect the pricing of its products and may have an impact on its Business, Results of Operation, Financial Condition and Cash Flows.
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Our Company sells its products for specific use by certain Industries. Any reduction in the demand or requirement of our products in such Industries may result in loss of Business and may affect our Financial Performance and Financial Condition.
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The Company sells its products for specific use by certain Industries. Any reduction in the demand or requirement of its products in such Industries may result in loss of Business and may affect its Financial Performance and Financial Condition.
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Any slowdown or shutdown of our Manufacturing operations at our Manufacturing Facilities could have an adverse effect on our Business, Financial Condition and Results of Operations.
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Any slowdown or shutdown of its Manufacturing operations at the company`s Manufacturing Facilities could have an adverse effect on its Business, Financial Condition and Results of Operations.
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Overcapacity and Oversupply in the Global Refractory Industry may adversely affect the Company`s Profitability.
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Overcapacity and Oversupply in the Global Refractory Industry may adversely affect the Company`s Profitability.
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We have not yet placed orders in relation to the funding Capital expenditure through civil work required for Expanding and setting up a new manufacturing unit at the existing location situated at Wankaner, Gujarat which is proposed to be financed from the Issue proceeds of the IPO. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, may result in time and cost over-runs and our business, prospects and results of operations may be adversely affected. Our proposed capacity expansion plans via one of our proposed manufacturing facilities are subject to the risk of unanticipated delays in implementation due to factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.
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The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.
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We intend to utilise a portion of the Net Proceeds for funding our Capital Expenditure for purchase of certain Machineries. We are yet to place orders for such Capital Expenditure Machinery.
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The Company in the usual course of Business does not have any long term contracts with its Customers and the company relies on purchase orders for delivery of its products and the company Customers may cancel or modify their orders, change quantities, delay or change their sourcing strategy. Loss of one or more of its top Customers or a reduction in their demand for the company products or reduction in revenue derived from them may adversely affect its Business, Results of Operations and Financial Condition.
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One of the objects of the Issue is to set up a new manufacturing facility, for such set up, we require number of approvals from several authorities and also building approvals are required, any failure or delay in obtaining such approvals in a timely manner may adversely affect our operations.
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The company is unable to trace few of its historical records, Also, in the past, there have been some instances of delays/ nonfiling/ non-compliance with certain statutory authorities, In the event the company is found not to be in compliance with any applicable regulations in relation to the regulatory filings or corporate actions, its may be subject to regulatory actions or penalties for any such possible non-compliance/ non-filing/ delay and its business, financial condition and reputation may be adversely affected.
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We intend to utilise a portion of the Net Proceeds for Purchase of Commercial Vehicle. We are yet to place orders for such Purchase.
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The company has not yet placed orders in relation to the funding Capital expenditure through civil work required for Expanding a manufacturing unit at the existing location situated at Wankaner, Gujarat which is proposed to be financed from the Issue proceeds of the IPO. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment in a timely manner, or at all, may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected. its proposed capacity expansion plans are subject to the risk of unanticipated delays in implementation due to factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.
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The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of our Company.
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The company intends to utilise a portion of the Net Proceeds for funding its Capital Expenditure for purchase of certain Machineries. The company is yet to place orders for such Capital Expenditure Machinery.
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Our Company in the usual course of Business does not have any long term contracts with its Customers and we rely on purchase orders for delivery of our products and our Customers may cancel or modify their orders, change quantities, delay or change their sourcing strategy. Loss of one or more of our top Customers or a reduction in their demand for our products or reduction in revenue derived from them may adversely affect our Business, Results of Operations and Financial Condition.
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The company intends to utilise a portion of the Net Proceeds for Purchase of Commercial Vehicle. The company is yet to place orders for such Purchase.
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We do not have long-term Agreements/Contracts with suppliers for our raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on our Business, Financial Condition and Results of Operations.
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The company does not have long-term Agreements/ Contracts with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its Business, Financial Condition and Results of Operations.
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Pressure from Customers with regards to pricing may affect our Gross Margins, Profitability and ability to Increase our Prices.
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The company generate its major portion of sales from its operations in certain geographical domestic region. Any adverse developments affecting its operations in these regions could have an adverse impact on the company revenue and results of operations.
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Our ability to anticipate changes in Customer Preferences, and Industry trends to meet customers` demands and any variations in the Government Regulations/policies or Technology Upgradation is a significant factor to remain competitive, any failure to identify and understand the trends may materially adversely affect our Business.
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Pressure from Customers with regards to pricing may affect its Gross Margins, Profitability and ability to Increase the company Prices.
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One of our Group Company is in the same line of business and consequently the interest of this Company may be in conflict with the interest of our Company.
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Its ability to anticipate changes in Customer Preferences, and Industry trends to meet customers` demands and any variations in the Government Regulations/policies or Technology Upgradation is a significant factor to remain competitive, any failure to identify and understand the trends may materially adversely affect its Business.
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We are dependent on third-party transportation providers for the supply of raw materials and delivery of our finished products.
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One of its Group Company is in the same line of business and consequently the interest of this Company may be in conflict with the interest of the Company.
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Any inability to protect our Intellectual Property or any claims that we infringe on the Intellectual Property Rights of others could have a material adverse effect on us.
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The company is dependent on third-party transportation providers for the supply of raw materials and delivery of its finished products.
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Our Company logo `S` is currently not registered with Registrar of Copyright; any infringement of our logo or failure to get it registered may adversely affect our Business. Further, any kind of negative publicity or misuse of our logo could hamper our Goodwill and our future Growth Strategies could be adversely affected.
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Any inability to protect its Intellectual Property or any claims that the company infringe on the Intellectual Property Rights of others could have a material adverse effect on it.
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Our Registered Office and Manufacturing unit I is not owned by us. In the event we lose such rights, our Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
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The Company logo "S" is currently not registered with Registrar of Copyright; any infringement of its logo or failure to get it registered may adversely affect its Business. Further, any kind of negative publicity or misuse of its logo could hamper the company Goodwill and its future Growth Strategies could be adversely affected.
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Our company has an in-house testing laboratory in accordance with ISO/IEC 17025:2017 to conduct raw material and final product sample testing. If we fail to test the quality of raw material and final product as required, our business, financial condition, cash flows and operations will be adversely affected.
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Its Registered Office and Manufacturing unit I is not owned by it. In the event the company lose such rights, its Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
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We may not be able to accurately manage our inventory, this may adversely affect our goodwill and business, financial condition and results of operations.
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The company has an in-house testing laboratory in accordance with ISO/IEC 17025:2017 to conduct raw material and final product sample testing. If the company fail to test the quality of raw material and final product as required, its business, financial condition, cash flows and operations will be adversely affected.
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We face competition from domestic market and our inability to compete effectively may have a material adverse impact on our business, financial condition and results of operations.
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The company has entered into and may enter into related party transactions in the future also.
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We are unable to trace few of our historical records, Also, in the past, there have been some instances of delays/ non-filing/ non-compliance with certain statutory authorities, In the event we are found not to be in compliance with any applicable regulations in relation to the regulatory filings or corporate actions, we may be subject to regulatory actions or penalties for any such possible non-compliance/ non-filing/ delay and our business, financial condition and reputation may be adversely affected.
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The company may not be able to accurately manage its inventory, this may adversely affect the company goodwill and business, financial condition and results of operations.
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KYC document of one of the member of promoter group evidencing her identity is not traceable.
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The company faces competition from domestic market and its inability to compete effectively may have a material adverse impact on its business, financial condition and results of operations.
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There are certain discrepancies in the names of our 2 independent directors and we are not able to verify their DIN with their PAN on the MCA website owing to which we may struck with certain technical issues while filing for our records with the Ministry of Corporate Affairs.
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KYC document of one of the member of promoter group evidencing her identity is not traceable.
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We are subject to strict quality requirements and any product defects or any failure by us to comply with quality standards may lead to the cancellation of existing and future orders, product recalls and exposure to potential product liability claims, warranty claims and other disputes.
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There are certain discrepancies in the names of its 2 independent directors and the company its not able to verify their DIN with their PAN on the MCA website owing to which its may struck with certain technical issues while filing for its records with the Ministry of Corporate Affairs.
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Failure to deal effectively with fraudulent activities on emails would increase our fraud losses and harm our business and could severely diminish seller and consumer confidence in and use of our services.
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The Company has availed certain unsecured loan which can be recalled at any time.
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The dependence on third-party services could have an adverse effect on the business, financial condition and results of operations.
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The company has incurred indebtedness. In addition, certain of its financing agreements involve variable interest rates and an increase in interest rates may adversely affect its results of operations and financial condition.
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Our inability to meet the changes in technology or advancement requirements in our current manufacturing process, may render our current technologies obsolete or may require additional investments which may an have an adverse effect on the Business, financial condition and results of operations.
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The company is subject to strict quality requirements and any product defects or any failure by it to comply with quality standards may lead to the cancellation of existing and future orders, product recalls and exposure to potential product liability claims, warranty claims and other disputes.
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In case of our inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate our business it may have a material adverse effect on our business.
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Failure to deal effectively with fraudulent activities on emails would increase its fraud losses and harm its business and could severely diminish seller and consumer confidence in and use of its services.
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Our Company engages contract labourers at its Manufacturing Facilities.
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The dependence on third-party services could have an adverse effect on the business, financial condition and results of operations.
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Our Company has availed certain unsecured loan which can be recalled at any time.
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Its inability to meet the changes in technology or advancement requirements in its current manufacturing process, may render its current technologies obsolete or may require additional investments which may have an adverse effect on the Business, financial condition and results of operations.
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We have incurred indebtedness. In addition, certain of our financing agreements involve variable interest rates and an increase in interest rates may adversely affect our results of operations and financial condition.
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In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may have a material adverse effect on the company`s business.
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We have entered into and may enter into related party transactions in the future also.
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The Company engages contract labourers at its Manufacturing Facilities.
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Certain of our Promoters may be interested in us other than in terms of remuneration and reimbursement of expenses, and this may result in conflict of interest with us.
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Certain of its Promoters may be interested in it other than in terms of remuneration and reimbursement of expenses, and this may result in conflict of interest with its.
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Our Company operates under several statutory and regulatory permits, licenses and approvals. Our failure to obtain and/or renew any approvals or licenses in future may have an adverse impact on our business operations.
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The Company operates under several statutory and regulatory permits, licenses and approvals. Its failure to obtain and/or renew any approvals or licenses in future may have an adverse impact on its business operations.
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Our success largely depends upon the knowledge and experience of our Promoters, Directors, our Key Managerial Personnel and Senior Management. Any loss of our Promoter, Directors, Key Managerial Personnel, Senior Management could adversely affect our business, financial condition and results of operations.
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Its success largely depends upon the knowledge and experience of its Promoters, Directors, its Key Managerial Personnel and Senior Management. Any loss of its Promoter, Directors, Key Managerial Personnel, Senior Management could adversely affect its business, financial condition and results of operations.
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We depend on skilled personnel and if we are unable to recruit and retain skilled personnel, our ability to operate or grow our business could be affected.
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The company depends on skilled personnel and if its is unable to recruit and retain skilled personnel, its ability to operate or grow the company business could be affected.
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The industry in which we operate is labour intensive and our manufacturing operations may be materially adversely affected by strikes, work stoppages or increased wage demands by our employees or those of our suppliers.
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The industry in which its operate is labour intensive and the company manufacturing operations may be materially adversely affected by strikes, work stoppages or increased wage demands by its employees or those of the company suppliers.
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Our funding requirements and proposed deployment of the Net Proceeds are based on management estimates and we have not entered into any definitive arrangements to utilize the Net Proceeds of the Issue and the Objects have not been independently appraised by a bank or a financial institution. Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders` approval.
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Its funding requirements and proposed deployment of the Net Proceeds are based on management estimates and the company has not entered into any definitive arrangements to utilize the Net Proceeds of the Issue and the Objects have not been independently appraised by a bank or a financial institution. Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders` approval.
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Our Promoters and members of our Promoter Group will be able to exercise significant influence and control over us after the Issue and may have interests that are different from or conflict with those of our other shareholders.
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Its Promoters and members of the company Promoter Group will be able to exercise significant influence and control over it after the Issue and may have interests that are different from or conflict with those of its other shareholders.
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Portion of our Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [?]% of the Issue Proceed.
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Portion of its Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [*]% of the Issue Proceed.
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The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of our Company.
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The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
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Our success largely depends upon our ability to attract and retain our Promoters, Directors, Key Managerial personnel and Senior Management with technical expertise. Our inability to attract and retain them and other personnel with technical expertise could adversely affect our business, financial condition and results of operations.
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Its success largely depends upon the company ability to attract and retain its Promoters, Directors, Key Managerial personnel and Senior Management with technical expertise. Its inability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
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The orders placed by customers may be delayed, modified or cancelled, which may have an adverse effect on our business, financial condition and results of operations.
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The orders placed by customers may be delayed, modified or cancelled, which may have an adverse effect on its business, financial condition and results of operations.
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We generate our major portion of sales from our operations in certain geographical domestic regions. Any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
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The company has taken guarantees from its directors in relation to Debt Facilities provided to the company.
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We have taken guarantees from our Directors in relation to Debt Facilities provided to us.
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The company may not be fully insured for all losses its may incur.
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We may not be fully insured for all losses we may incur.
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Its business may expose it to potential product liability claims, which could adversely affect its results operation, goodwill and the marketability of the company products.
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Our business may expose us to potential product liability claims, which could adversely affect our results operation, goodwill and the marketability of our products.
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Failure or disruption of its IT, manufacturing automation systems may adversely affect its business, financial condition and results of operations.
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Failure or disruption of our IT, manufacturing automation systems may adversely affect our business, financial condition and results of operations.
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Its ability to pay dividends will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and other factors.
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Our ability to pay dividends will depend upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and other factors.
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Employee misconduct including misuse of confidential data and failure to maintain confidentiality of information could harm it and is difficult to detect and deter.
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Employee misconduct including misuse of confidential data and failure to maintain confidentiality of information could harm us and is difficult to detect and deter.
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Industry information included in this Draft Red Herring Prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
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Industry information included in this Draft Prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
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Information relating to the installed manufacturing capacity of its manufacturing facilities included in this Draft Red Herring Prospectus are based on various assumptions and estimates and future production and capacity may vary.
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Information relating to the installed manufacturing capacity of our manufacturing facilities included in this Draft Prospectus are based on various assumptions and estimates and future production and capacity may vary.
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An investment in the Equity Shares is subject to general risk related to investments in Indian Companies.
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An investment in the Equity Shares is subject to general risk related to investments in Indian Companies.
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The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares upon listing on the Stock Exchange.
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The Issue price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our 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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Its Promoter`s average cost of acquisition of Equity Shares in the Company could be lower than the Issue Price to be decided by the Company in consultation with the Book Running Lead Manager.
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Our Promoter average cost of acquisition of Equity Shares in our Company could be lower than the Issue Price to be decided by the Company in consultation with the Lead Manager.
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Its Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Issue. Further, its Equity Shares may not result in an active or liquid market and the price of its Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.
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Our Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.
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There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the NSE Emerge in a timely manner or at all.
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There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the NSE Emerge in a timely manner or at all.
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Any future issuance of Equity Shares may dilute your shareholding and sale of its Equity Shares by the company`s Promoter or other shareholders may adversely affect the trading price of the Equity Shares.
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Any future issuance of Equity Shares may dilute your shareholding and sale of our Equity Shares by our Promoter or other shareholders may adversely affect the trading price of the Equity Shares.
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There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder`s ability to sell for the price at which it can sell, equity shares at a particular point in time.
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There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder`s ability to sell for the price at which it can sell, equity shares at a particular point in time.
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Investors may be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
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Investors may be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
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Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which may be material to investors assessments of the Company`s financial condition. Its failure to successfully adopt IFRS may have an adverse effect on the price of its Equity Shares. The proposed adoption of IFRS could result in its financial condition and results of operations appearing materially different than under Indian GAAP.
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Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which may be material to investors assessments of Our Company`s financial condition. Our failure to successfully adopt IFRS may have an adverse effect on the price of our Equity Shares. The proposed adoption of IFRS could result in our financial condition and results of operations appearing materially different than under Indian GAAP.
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Foreign investors are subject to foreign investment restrictions under Indian law that limits its ability to attract foreign investors, which may adversely impact the market price of the Equity Shares.
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Foreign investors are subject to foreign investment restrictions under Indian law that limits our ability to attract foreign investors, which may adversely impact the market price of the Equity Shares.
