The Company, Promoters as well as its Directors are party to certain litigation and tax proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

If the company fail to attract and retain highly skilled and qualified personnel, the company may not have the necessary resources to properly staff projects, and failure to successfully compete for such personnel could materially adversely affect its business, financial condition and results of operations.

The company faces competition in its business from organized and unorganized players, which may adversely affect its business operation and financial condition.

Its revenue is dependent on domestic market and the company does not have any export revenue. Any adverse changes in the conditions affecting domestic market could adversely affect its business, results of operations and financial condition.

The COVID-19 pandemic has had, and is expected to have, a material adverse effect on its business, financial condition, results of operations and cash flows.

The company is substantially reliant on procuring third-party products from a limited number of suppliers in accordance with customer demands and specifications. Failure to expeditiously augment its existing product portfolio in response to evolving industry requisites may have an adverse impact on its operational performance. The incapacity of the company suppliers to furnish these products in requisite quantities, within stipulated timeframes, and in conformity with specified quality standards and technical specifications, holds the potential to detrimentally affect its business operations and its capacity to fulfill orders punctually.

The company promoters, directors, key managerial personnel and senior management play key role in its functioning and the company heavily relies on their knowledge and experience in operating its business and therefore, it is critical for the company business that they remain associated with it. The loss of any key team member may adversely affect its business and result of operations.

The company does not own its Registered Office and have taken the same on leave and license basis. Any revocation or adverse changes in the terms of the leave and license may have an adverse effect on its business, prospects, results of operations and financial condition.

If the company is not successful in executing its growth strategies, its business and results of operations may suffer.

The restated financial statements have been provided by peer reviewed chartered accountants who are not statutory auditor of the Company.