1. The company cannot assure you that the proposed manufacturing units for dyeing of fabrics and the unit for manufacturing bags will become operational as scheduled, or at all, or operate as efficiently as planned. If the company is unable to commission its new manufacturing unit in a timely manner or without cost overruns, it may adversely affect its business, results of operations and financial condition.
2. As on date the company has not obtained any of the approvals, clearances and permissions as may be required from the relevant authorities for the proposed manufacturing units. In the event the company is unable to obtain such approvals and permits, its business, results of operations, cash flows and financial condition could be adversely affected.
3. Its expansion into new product categories and an increase in the number of products offered by it may expose the company to new challenges and more risks.
4. The Company has a very limited operating history of dyeing operations, which will make it difficult for the investors to evaluate its historical performance or future prospects.
5. The company cannot assure that its shall be able to utilize its proposed manufacturing units to their full capacity or up to an optimum capacity, and non-utilisation of the same may lead to loss of profits or can result in losses, and may adversely affect its business, results of operations and financial condition.
6. There can be no assurance that the objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by the company will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.
7. The Company is yet to place orders for 100% of the plant and machinery. Any delay in placing orders or procurement of such plant and machinery, may further delay the schedule of implementation and increase the cost of commissioning the manufacturing units.
8. The company highly depends on its Subsidiary, IGK Technical Textiles LLP for weaving, coating, sizing and embossing of specialized technical textile. Its inability to undertake the said operations in a timely manner, could adversely affect its operations, financial condition and/or profitability.
9. The company depends on a few customers of its products, for a significant portion of the company's revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the company's business and results of operations.
10. The company highly depends on its raw materials and a few key suppliers who help it procure the same. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected.