1. The company operations are significantly concentrated in West Bengal and the eastern region of India, and any loss of business in such region could have an adverse effect on its business, results of operations and financial condition.
2. Any major outbreak of a health epidemic may affect its workforce and in turn affect the company's business, its financial condition, and the results of the company's operations.
3. The company Statutory Auditors have included certain emphasis of matters, and audit qualifications matters prescribed in the audit reports of the Company.
4. The company significantly depends on third party vendors and suppliers to provide it the company testing equipment, test kits, and reagents, and any failures in procuring such equipment or recall of existing testing equipment, test kits, and reagents could adversely affect its business, results of operations and financial condition.
5. Any inadequacy or delay in collection and transportation of samples to its laboratories could compromise the integrity of such samples, which in turn could adversely affect its business, results of operations and financial condition.
6. Failures to introduce new tests, services and technologies or acquire new or improved equipment could adversely affect its business, results of operations and financial condition.
7. The company relies on its information technology systems and third-party platform for the operation of its business and any disruption to the company systems and/or third-party platform could adversely affect its business and reputation and result in litigation.
8. The company primarily serve individual patients and its ability to attract such patients is largely dependent on the company brand recognition, reputation and brand image, the disposable income of such patients and increasing general health awareness of India's general population, which could decline due to a variety of factors.
9. The company operates 142 out of its 146 collection centers through franchisees. Any non-performance of the required specifications or parameters set by us by any of the franchisees may adversely affect our business, results of operations and financial condition.
10. Failures or malfunction of its equipment could adversely affect the company's ability to conduct its operations.