1. The Company, Promoters, and Directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties which may adversely affect
its business, financial condition and results of operations.
2. If the company is unable to implement its growth strategy successfully, its results of operations and financial condition may be adversely affected.
3. The success of its business and operational outcomes relies on the contracts we establish with its customers. Any violation of the terms within these contracts could have a negative impact on its business and operational results.
4. Though, the company has entered into contracts/ master service agreements with its customers, its new business with them is on the basis of purchase orders for their new requirements, any loss of such customers could adversely impact its revenues and profitability.
5. Its business operations are subject to high working capital requirements. Its inability to maintain an optimal level of working capital required for the company's business may impact its operations adversely.
6. The process of product development is expensive, time-consuming, and uncertain.
7. Failures to adapt to evolving customer needs and to embrace & develop new technologies could have detrimental effects on its business, financial standing, and operational results.
8. Undiscovered software design defects, errors, or failures may lead to a loss of or delay in the market acceptance of its products and services or give rise to liabilities that could significantly and adversely impact its business, financial health, and operational outcomes.
9. Its Promoters and Directors, Mukesh Keshubhai Thumar and Bhavna Mukesh Thumar plays key role in its functioning and the company heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the company's business that its Promoters/ directors remain associated with it. The company's success also depends on its key managerial personnel and its ability to attract and retain them. Any loss of the company key person could adversely affect its business, operations and financial condition.
10. The company avail the services of specific consultants for certain operations. Any inadequacy or disruption in their services could have adverse effects on its business operations and reputation.