1. Inadequate or interrupted supply and price fluctuation of its raw materials and packaging materials could adversely affect its business, results of operations, cash flows, profitability and financial condition.
2. The Company requires significant amounts of working capital and significant portion of its working capital is consumed in trade receivables and inventories. Its inability to meet its working capital requirements including failure to realise receivables and inventories may have an adverse effect on its results of operations and overall business.
3. The company's success depends on its ability to build the Proposed Manufacturing Unit and expand its product portfolio, both of which are subject to risks and uncertainties. Delay in schedule of implementation may subject the Company to risks related to time and cost overrun which may have a material adverse effect on its business, results of operations and financial condition.
4. The company has not yet placed orders in relation to the capital expenditure to be incurred for the Proposed Manufacturing Unit. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the plant and machineries or complete the civil and related works etc. in a timely manner, or at all, the same may result in time and cost over-runs.
5. The company may not be able to derive the desired benefits from its product development efforts. Commercialization and market development of new products and existing product particularly its FMEG products may take longer time than expected and / or may involve unforeseen business risks.
6. If the company is unable to continue to implement its brand building and marketing initiatives, for each of its brands, its business and prospects may be adversely affected. Moreover, any deterioration in the reputation and market perception of its brand may have an adverse effect on its sales, profitability and the implementation of its growth strategy.
7. The industry segments in which its operate being fragmented, its face competition from large players, which may affect its business operations and financial conditions.
8. The company inability to maintain the stability of its distribution network and attract additional distributors and dealers may have a material adverse effect on its results of operations and financial condition.
9. The company generate its major portion of sales from its operations in certain geographical regions. Any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.
10. The current and continuing impact of the COVID-19 pandemic on its business and operations, including its impact on the ability or desire of customers to purchase its products, may have an adverse effect on its business prospects and future financial performance.