India Exposition Mart Limited IPO

COVID-2019 has had, and is expected to continue to have, a significant impact on its business, financial condition, results of operations and cash flows.

Its Statutory Auditor have included certain emphasis of matters/ other matters paragraphs in the audit reports.

The company intend to expand its business operations to geographical areas in which the company currently have no operational history and to host more virtual shows and enter the digital business. The company cannot assure you that its geographical and digital business expansion plans will be profitable or that such expansion will not adversely affect its business, results of operations and financial condition.

The company is dependent on a few key exhibitions for a significant portion of its revenues. Loss of business from these key exhibition organisers may have a material adverse effect on its reputation, profitability and results of operations.

The company may has to pay refunds in respect of events which are cancelled or postponed. Further, its order book and growth projections are not necessarily an accurate indication of what its revenues from such orders will be, nor does it purport to project its results of operations, financial position or cash flows for any future period or date.

The exhibition facilities are critical to its business, and they are located on premises held by it on long term leasehold basis with Greater Noida Industrial Development Authority. All its exhibition facilities are located in Noida. Under the lease deeds, the Greater Noida Industrial Development Authority holds shares in its Company and the company is required to obtain their permission for certain of its activities in relation to the leasehold premises.

The market in which the company operate is highly competitive and subject to rapid change.

The company work with third-party service providers. Actions of third-party service providers are outside of its control and could materially and adversely affect its business, financial condition and results of operations.

The company has significant power requirements for continuous business operations. Any disruption to its operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an adverse effect on its business, results of operations and financial condition.

Some of its corporate records relating to allotments made by the Company, and transfers and acquisitions of Equity Shares made by its Shareholders, change in registered office and initial appointments of its Chairman and Additional Director (Non-Executive), are not traceable.