Harikanta Overseas Ltd IPO

We have not yet placed orders in relation to the capital expenditure to be incurred for the proposed, purchase of equipment / machineries. In the event of any delay in placing the orders for Machineries or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.

Our business is significantly dependent on yarn and other related raw materials, and fluctuations in their prices or availability, as well as concentration of our supplier base, may adversely affect our operations, margins, and profitability.

Our operations are energy-intensive and any disruption in power supply or increase in energy costs may adversely affect our business and financial performance.

Potential Exposure to Competition Despite Non-Compete Agreements with Promoter Group Entities

Potential Conflicts of Interest Arising from Promoters' Proprietary Businesses and Their Operational Overlap with Our Company.

Our business is working capital intensive and any inability to secure adequate financing may adversely impact operations.

Dependence on third-party and subsidiary job work arrangements.

We have experienced negative cash flows in previous years / periods. Any operating losses or negative cash flow in the future could adversely affect our results of operations and financial condition.

There may have been certain instances of non-compliances with respect to certain corporate actions taken by our Company in the past. Consequently, we may be subject to regulatory actions and penalties.

Our business is seasonal in nature, which could adversely affect our business operations and financial performance.