1. There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
2. The costs of the raw materials that the company use in its manufacturing process are subject to volatility due to factors beyond its control. Increases or fluctuations in raw material prices may have a material adverse effect on its business, financial condition, results of operations and cash flows.
3. The company manufacturing facilities are critical to its business operations and any shutdown of the company manufacturing facilities may have an adverse effect on its business, results of operations and financial condition.
4. The company is dependent on the performance of the wires and cables market. Any adverse changes in the conditions affecting the wires and cables market can adversely impact its business, financial condition, results of operations, cash flows and prospects.
5. The company is subject to strict quality requirements and any product defect issues or failure by its or the company raw material suppliers to comply with quality standards may lead to the cancellation of existing and future orders, recalls and exposure to potential product liability claims.
6. The company is generate its major portion of sales from it operations in certain geographical regions especially, Gujarat, Telangana, Maharashtra and Madhya Pradesh. Any adverse developments affecting our operations in these regions could have an adverse impact on its revenue and results of operations.
7. Any shortages, delay or disruption in the supply of the raw materials we use in its manufacturing process due to factors beyond its control may have a material adverse effect on the company business, financial condition, results of operations and
cash flows.
8. 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.
9. The company Business is dependent on its Continuing relationships with it customers, with whom its have not entered into long term arrangements. Further the company have been procuring business from Government entities, which are undertaken through bidding process and failure to procure such tenders on a continuous basis could adversely impact its revenues and profitability.
10. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.