Adcounty Media India Ltd IPO

The present promoters of the Company are first generation entrepreneurs.

The company has had negative cash flows in the past and may continue to have negative cash flows in the future.

Companies may delay or reduce their spending on marketing in periods of economic uncertainty, which could materially harm its business.

Its restated financial statements have been prepared by a Peer Reviewed Chartered Accountants which is different from the company Statutory Auditor.

Its Registered Office and other branches from where the company operate are not owned by it. If the company is required to vacate the same or if the company is unable to renew its current leases, due to any reason whatsoever, it may adversely affect its business operations.

Certain legal proceedings are pending against its Corporate Promoter and individual promoters. While these proceedings does not involve the Company, any adverse development may impact our reputation and business operations.

The company depends on a limited number of customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company major customers may adversely affect its business, financial condition, results of operations and profitability.

The company has experienced a dip in its revenue from operations in the past and may experience further growth downfall or unable to manage an efficient growth rate.

The Company is involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.

Majority of its state-wise revenues for the last 3 years is derived from Haryana, Karnataka and Maharashtra. Any adverse developments affecting its operations in these states could have an adverse impact on the company revenue and results of operations.