Emmforce Autotech Ltd IPO

The company is subject to strict quality requirements and are consequently required to maintain its product quality. Any failure to comply with such quality standards may lead to cancellation of orders which may adversely affect itd reputation, financial conditions, cash flows and results of operations.

The company is heavily dependent on the performance of the Automobile Sector particularly, passenger vehicle, commercial vehicles and engines.

The company requires certain approvals and licenses in the ordinary course of business and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.

Its failure to identify and understand evolving industry trends and preferences and to develop new products to meet its customers' demands may materially adversely affect the company's business.

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

The company's continued operations are critical to its business and are subject to operating risks such as breakdown or failure of machinery, disruption to power sources or any temporary shutdown of its manufacturing facilities, in the event of which, its business, results of operations, financial condition and cash flows can be adversely affected.

The company may be subject to financial and reputational risks due to product quality and liability claims and legal proceedings if the quality of its products does not meet the company's customers' expectations.

The company depends on third parties for the supply of raw materials and delivery of products and such third parties could fail to meet their obligations, which may have a material adverse effect on its business, results of operations and financial condition.

The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

The company faces foreign exchange risks that could affect its results of operations.