1. Its business and financial performance could suffer if the company is unable to effectively manage the quality of its growing asset portfolio and control the level of the company non-performing assets ("NPAs").
2. Volatility in interest rates could adversely affect its business, net interest income and net interest margin, which in turn would adversely affect the company's business, results of operations and financial condition.
3. Its may be unable to secure borrowings on commercially acceptable terms and at competitive rates, which could adversely affect its business, results of operations and financial condition.
4. Projects and schemes for generating electricity and energy through renewable sources like solar, wind, hydro, biomass, waste-to-energy and new and emerging technologies have inherent risks and, to the extent they materialize, could adversely affect its business, results of operations and financial condition.
5. The COVID-19 has had, and a similar pandemic could have, certain adverse effects on its business,
operations, cash flows and financial condition.
6. The company credit ratings have been downgraded in the past. Any future downgrade in its credit ratings could adversely affect the company business, results of operations and financial condition.
7. The company operates in a highly competitive environment and increased competition in lending to the RE sector, including to new and emerging technologies, could have a material adverse effect on its business, results of operations and financial condition.
8. The company level of indebtedness and the restrictive covenants in its borrowing agreements that the company have with its lenders could adversely affect its ability to react to changes in the company's business environment, limit its flexibility in managing its business and maintaining the growth of the company loan portfolio, which may in turn have a material adverse effect on its business, results of operations and financial condition.
9. Its business is entirely concentrated in, and dependent on, the Indian RE sector, which in general has many challenges and effective addressing of these risks are key to the growth of the sector. If risks in the sector are not managed effectively, the sector growth will suffer, and its business and operations will in turn will also be adversely affected.
10. The RBI prudential norms are applicable to it and if the level of non-performing assets in the company loan portfolio were to increase, owing to changes to NPA classification norms or otherwise, its business, results of operations and financial condition would be adversely affected.
