1. Fluctuations in raw material prices, especially plastic granules and plastic polymer prices, and disruptions in their availability may have an adverse effect on its business, results of operations, financial condition and cash flows.
2. The company is dependent on its distribution network in India and overseas to sell and distribute its products and any disruption in the company distribution network could have an adverse effect on its business, results of operations, financial condition and cash flows.
3. Its reliance on third-party contract manufacturers for some of its products subjects it to risks, which, if realized, could adversely affect its business, results of operations, financial condition and cash flows.
4. The company does not own the trademark for its key brands, including "Cello", "Unomax", "Kleeno", "Puro" and their respective logos. Further, the "Cello" brand name is also used by one of its competitors for its writing instruments business.
5. The company face significant competition which may lead to a reduction in its market share, cause it to increase the company expenditure on advertising and marketing as well as cause it to offer discounts, which may result in an adverse effect on its business, results of operations, financial condition and cash flows.
6. The brands that the company use and its reputation are critical to the success of the business and may be adversely affected due to various reasons.
7. The company Promoters along with members of the Promoter Group will continue to retain a significant shareholding in it after this Offer, which will allow them to exercise significant influence over it and any substantial change in the Promoters' shareholding may have an impact on the trading price of the company Equity Shares which could have an adverse effect on its business, results of operations, financial condition and cash flows.
8. If the company is unable to identify consumer demand accurately and maintain an optimal level of inventory, its business, results of operations, financial condition and cash flows.
9. The company's business is subject to seasonality, which may contribute to fluctuations in its results of operations and financial condition.
10. The company may encounter delays in the construction of its glassware manufacturing facility in Rajasthan, which is currently under construction ("Rajasthan Glassware Unit"). Further, upon construction of the Rajasthan Glassware Unit, its may also not be able to ramp up production in a timely manner and maintain good quality control standards at the Rajasthan Glassware Unit.