Afcom Holdings Ltd IPO

A member of its Promoter Group, namely P Karthik Iyer Parasuraman is involved in legal proceedings involving SEBI and /or Stock Exchange and CBI.

The company's top five customers contribute majority of its revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

Any delay in delivering the goods could adversely affect its Business and operations.

The company individual Promoters plays 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's business that its Promoter and Executive Directors remain associated with it. The company's success also depends upon the services of its key managerial personnel and the company's ability to attract and retain key managerial personnel and its inability to attract them may affect the company's operations.

The Company has negative cash flow in the past and may continue to do in future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

Due to confidentiality of Information the company can not disclose the names of the global aircraft lessors with whom agreement will enter in the offer document.

Its Registered Office from where the company operates is not owned by it.

There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

Its ability to attract, train and retain executives and other qualified employees is critical to the company's business, results of operations and future growth.

The Company has availed certain unsecured loans.