Game Changers Texfab Ltd IPO

Its top customers contribute significant portion in the revenue of the Company. Any loss of business from one or more of them may adversely affect its revenues and profitability.

The company's top suppliers contribute majority of the purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.

The Company has not entered into any long-term contracts with any of its customers and the company typically operate on the basis of purchase orders. Inability to maintain regular order flow would adversely impact the company revenues and profitability.

Its business depends on the deemed manufacturing units for bulk Customization, Value Additions and other manufacturing operations. Any loss of or shutdown of operations of these units on any grounds could adversely affect its business or results of operations.

Any change in its consumer's likes, preferences or a change in their perception regarding the quality of the products may negatively affect the image and the reputation and in turn affect its revenues and profitability.

The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.

The company revenue seems to be quite concentrated, generating major part of its revenue from few domestic states.

There have been instances in the past where its have not made certain regulatory filings with the ROC and there were certain instances of discrepancies in relation to certain statutory filings and corporate records of the company.

The Company, Promoters, and Directors is involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, financial condition, cash flows and results of operations.

The company has delayed in filing some returns of statutory dues. Delays in making statutory payments may attract penalties, or any demand raised by statutory authorities in the future may affect the financial position of the company.