1. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
2. The company may need to raise additional capital in the future for working capital and its may not be able to do so on favourable terms or at all, which would impair its ability to operate the company's business or achieve its growth objectives, which may have an adverse effect on its results of operations and business.
3. The company does not own its registered office.
4. The Company had negative cash flow from operating activity in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
5. The company is dependent on third parties for sourcing natural gas. Any disruption in the receipt of such natural gas from these third parties could lead to a disruption or failure in the supply of natural gas by it, which could adversely affect its business, reputation, results of operations and cash flows.
6. The Company is dependent on a few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
7. The company may be subject to third-party indemnification, liability claims or invocation of guarantees, which may adversely affect its business, cash flows, results of operations and reputation.
8. Its lenders have charge over the company movable and immovable properties in respect of finance availed by it.
9. Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.
10. The Company has availed unsecured loans which are repayable on demand. Any demand from lenders for repayment of such unsecured loans, may adversely affect its cash flows.