54. Our employees may engage in misconduct or other improper activities, including non-compliance with regulatory standards and requirements and the same may results into imposition of criminal penalties, fines, revocation of regulatory approvals and harm to our reputation, any of which could form a material adverse effect on our business.
55. Some of our Directors do not have experience of being a director of a public listed company.
56. Our funding requirements and the proposed deployment of Net Proceeds are not appraised by any independent agency and are based on management estimates which may be subject to change based on various factors, some of which are beyond our control. Further, deployment of funds raised through this Issue shall not be subject to monitoring by any monitoring agency.
57. We have issued the following shares in the last one year prior to the date of this Draft Red Herring Prospectus, which may be at a price lower than the Issue Price.
58. The average cost of acquisition of Equity Shares by our Promoters could be lower than the floor price.
59. We have presented certain supplemental information of our performance and liquidity which is not prepared under or required under Indian GAAP
60. We bid for Water Supply Scheme ("WSS") with underground and overhead tank, Under Ground
Sewerage System ("UGSS"), Sewage Treatment Plants ("STP") and Water Treatment Plants ("WTP")
primarily for government authorities/bodies. These projects are partly funded by the Central
Government under schemes like the Atal Mission for Rejuvenation and Urban Transformation
("AMRUT") and the Jal Jeevan Mission ("JJM") along with contribution from states or ULBs under
their respective schemes. Any reduction in budgetary allocation to this sector may affect the number
of projects that the government authorities/bodies may plan to develop in a particular period. Our
business is directly and significantly dependent on projects awarded by them.
61. Our business is working capital intensive. If we experience insufficient cash flows or are unable to
access suitable financing to meet working capital requirements and loan repayment obligations, our
business, financial condition and results of operations could be adversely affected.
62. Quoting for a contract involves various management activities such as detailed project study and cost
estimations. Inability to accurately estimate the cost may lead to a reduction in the expected rate of
return and profitability estimates.
63. We are heavily dependent on government or government-funded entities for our business, which
exposes us to various risks, including regulatory scrutiny, delays in receivables, project execution
risks, and policy-related uncertainties.