CMR Green Technologies Limited IPO

The company depends on a limited number of customers for significant portions of its revenues. For Fiscal 2025, 22.98% of its consolidated revenue from operations was derived from the company's top 3 customers, and 35.01% was contributed by our top 5 customers. The loss of one or more of its top customers or significant reduction in production and sales of, or demand for the company's production from our significant customers may adversely affect its business, financial condition, result of operations and cash flows.

The company derives a substantial portion of its revenue from the sale of key products such as liquid aluminium alloys and aluminium alloy ingots which contribute 78.42%, 76.95% and 73.13% of the company's revenue from operations excluding export incentives for Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively and any loss of sales due to reduction in demand for these products could adversely affect its business, financial condition, results of operations and cash flows. In addition, the company may not be able to diversify into new product lines which may adversely affect its business, revenue from operations, cash flows and financial condition.

The company does not have firm commitment long-term agreements with its customers. If the company's customers choose not to source their requirements from the company or manufacture such products in-house, the company's business, cash flows and results of operations may be adversely affected.

The company heavilys depend on its customers in the automotive industry and are significantly dependent on the performance of the automotive sector in India and overseas. A loss of, or a significant decrease in business from these customers or a change in the preference of alloys used in the automotive industry or any adverse changes in the conditions affecting this sector can adversely impact the company's business, results of operations, cash flows and financial condition.

Conflicts of interest may arise out of common business objects shared by the Company and some of the company's Group Companies. Additionally, our Promoters may have in the past been associated with other companies which may have similar names and may be in the same line of business as that of the Company.

Volatility in the supply and pricing of our raw materials may have an adverse effect on its business, cash flows, financial condition and results of operations. The company depend on third party suppliers for the supply of raw materials required for its business operations and the company's raw material suppliers could fails to meet their obligations or availability of the raw materials or fluctuations in their prices, which may have a material adverse effect on its business, cash flows, results of operations and financial condition.

The company's inability to successfully diversify its product offerings may adversely affect the company's growth and negatively impact its profitability.

The company's manufacturing process is dependent on a technology driven production system. Any inability to successfully develop or procure specialized technology will adversely affect its business, financial condition, result of operations and cash flows.

Restrictions on import of raw materials into India or export of its raw materials from the other jurisdictions and an increase in shipment cost may adversely impact the company's business, cash flows and results of operations.

The company is subjects to stringent labour laws or other industry standards and any strike, labour unrest, work stoppage or increased wage demand by its employees or any other kind of disputes with the company's employees could adversely affect its business, financial condition, results of operations and cash flows. The company also appoint contract labour for carrying out certain operations and the company may be held responsible for paying the wages of such workers if the independent contractors through whom such workers are hired default on their obligations, and such obligations could have an adverse effect on its cash flows, results of operations and financial condition.