The company derived a significant portion of its revenue from the sale of its key product i.e. CNC press brake machines. Any decline in the sales of its key product could have an adverse effect on the company's business, results of operations and financial condition.

The company does not have firm commitment long-term supply agreements with its customers. If its customers choose not to source their requirements from it, there may be a material adverse effect on its business and results of operations.

The Company does not have long-term agreements with suppliers for its input materials and a significant increase in the cost of, or a shortfall in the availability, or deterioration in the quality, of such input materials could have an adverse effect on its business and results of operations.

The company operates in a highly competitive industry and increased competition may lead to a reduction in its revenues, reduced profit margins or a loss of market share.

Its business is dependent on the performance of the Application Industries. Any downturn in the Application Industries can adversely impact its business, results of operations, cash flow and financial condition of the Company.

Its Statutory Auditor have included certain qualifications in their Audit Report(including CARO Report) for financial statements pertaining to F.Y. 2020-21, 2021-22 and 2022-23 and tax audit reports for the same financial years.

Failure to innovate its product offerings and adapting to technological advancements and changes may have an adverse effect on its business and results of operations.

There are outstanding legal proceedings involving the Company, its Directors and the company Promoters. Any adverse decisions could impact its cashflows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on its business, prospects, results of operations and financial condition.

The company requires certain approvals, licenses, registrations and permits to operate its business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operate its business may adversely affect the company operations and financial conditions.

The company is subject to strict quality requirements and any failure to comply with quality standards may lead to cancellation of existing and future orders, product recalls, product liability, warranty claims and other disputes and claims.