Chiraharit Ltd IPO

Our Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.

EPC projects are typically awarded to us on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Our business and our financial condition may be adversely affected if new projects are not awarded to us or if contracts awarded to us are prematurely terminated.

Dependency on Indian Domestic Market for Revenue.

We are dependent on and derive a substantial portion of our revenue from a limited number of customers. Cancellation or orders by customers or delay or reduction in their orders could have a material adverse effect on our business, results of operations and financial condition.

The Company is dependent on a few suppliers for purchases of product/service. The loss of any of these large suppliers may affect our business operations.

There has been an instance of non-compliance for failure to open a separate bank account for receipt of share application money in compliance with Section 42 of the Companies Act, 2013. Due to such lapse, the Company may be held liable to penal actions by the regulatory authorities under the Companies Act which may have impact on our financial position.

There are certain instances of delays in the past with ROC/Statutory Authorities.

There have been some instances of delayed filing of returns and depositing of statutory dues with regulatory authorities.

We may face several risks associated with the object of the issue of setting up of proposed Manufacturing Unit, which could hamper our growth prospects, cash flows and business and financial condition.

Our Order Book may not be representative of our future results and our actual income may be significantly less than the estimates reflected in our Order Book, which could adversely affect our results of operations.