Accord Transformer & Switchgear Ltd IPO

The company does not own the premises in which one of its manufacturing units is located and the same are on lease arrangement. Any termination of such lease and/or non-renewal thereof and attachment by Property Owner could adversely affect the Company's operations.

The company is contractually and commercially subject to stringent performance obligations, including requirements relating to quality and delivery, and any failure to adhere to such obligations may result in cancellation of existing or prospective orders, initiation of product recalls, or the assertion of warranty and liability claims against it.

A significant portion of the Company's revenues is derived from a limited number of customers, and the loss of one or more such customers may adversely affect its business, cash flows, results of operations and financial condition.

The Company's business is dependent on the accuracy and effectiveness of its product design process, and any deficiency in this process may adversely affect the Company's operations, business and reputation.

The demand for the Company's transformers and relay panels is closely tied to growth in the power generation, transmission, distribution, and infrastructure sectors, which may lead to variability in its operational results and financial performance.

The Company's business is dependent on the performance and growth of the power generation, transmission and distribution sector, and any slowdown or adverse development in this sector may affect its business, financial condition and results of operations.

There are certain discrepancies and non-compliances noticed in some of the Company's corporate records relating to forms filed with the Registrar of Companie.

In the past its Managing Director Mr. Pradeep Kumar Verma (DIN 05113022) was disqualified as reflected in DIN Status on website of Ministry of Corporate Affairs.

The company were not be able to locate documentary evidence relating to receipt of consideration for shares issued on rights basis in past.

Any non-compliance or delays in EPF and ESI Return Filings may expose it to penalties from the regulators.