1. Our company's main source of revenue comes from projects that are initiated or approved by NHIDCL (National Highways Infrastructure Development Corporation Limited) and other government department. If there are unfavourable changes in the policies of the central or state government, it could result in the closure, termination, restructuring, or renegotiation of our contracts, potentially impacting our business and financial performance significantly.
2. There are outstanding legal proceedings involving our Company. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
3. Certain Loans and Borrowings are reported in the financial statements of our company but have not actually been transferred.
4. Majority of assets, including both movable and immovable, have not yet been mutated under the current name of our company.
5. We had negative cash flows in the past and may continue to have negative cash flows in the future.
6. Our business is subject to monsoon season and other environmental factors, that can adversely affect our business and result of operations.
7. Infrastructure projects are generally assigned to our organization upon fulfillment of specified pre-qualification prerequisites and subsequent engagement in a competitive tendering procedure. Any failure to secure new infrastructure projects or premature termination of contracts awarded to us could potentially have adverse repercussions on both our business operations and financial standing.
8. Majority of our revenues from operations are majorly derived from the northeastern estate i.e., Assam, Manipur and Nagaland. Any adverse developments affecting our operations in these states could have an adverse impact on our revenue and the results of operations.
9. The Company is yet to place orders for all the plant & machineries for our proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries may delay our implementation schedule and may also lead to increase in price of these plant & machineries, further affecting our revenue and profitability.
10. Our insurance coverage in connection with our business may not be adequate and may adversely affect our operations and profitability.