The company has a history of net loss in the Fiscal Year 2021, and its anticipate increased expenses in the future. Any failures to increase its revenue sufficiently to keep pace with the company initiatives, investments, and other expenses could prevent it from achieving profitability or positive cash flow on a consistent basis in future periods.

The company currently operate two manufacturing facilities, located at Noida & Greater Noida. Any slowdown or disruption in its manufacturing operations in any of the company's manufacturing facilities could have a material and adverse impact on its business operations and financial performance.

The company does not have any long-term agreements with its customers. If its customers choose not to source their requirements from it or manufacture such products in-house, its business and results of operations may be adversely affected.

If there are delays or if the costs of setting up and the possible time or cost overruns related to the expansion of the Unit-II or the purchase of plant and machinery for the said Unit-II are higher than expected, it could have a material adverse effect on its financial condition, results of operations and growth prospects.

The company may not be able to sustain historical growth in its revenue from operations and profit for year in future periods which could have an adverse impact on its financial condition and results of operation.

Information relating to capacity utilization of its manufacturing facilities included in this Draft Red Herring Prospectus is based on various assumptions and estimates. Under-utilization of capacity of its manufacturing facilities and an inability to effectively utilize its manufacturing facilities may have an adverse effect on its business and future financial performance.

Demand for its products is related to growth and trends of the company end user industry. Decline in sales of its customers may adversely affect the demand for the company's products which in turn would adversely impact its business, financial condition, results of operations and prospects.

If the company customers dispute or default on their payment obligations to it, the company may be subject to adverse cash flows and may be required to spend significant amounts in recovering amounts due, in turn adversely impacting its cash flows, results of operations and future prospects.

The Restated Financial Statements were prepared by a peer-reviewed chartered accountant who is not the Company's statutory auditor, introducing potential differences in accounting standards and policies.

The company does not have long-term agreements with its suppliers for raw materials, and an inability to procure the desired quality, quantity of its raw materials in a timely manner and at reasonable costs, or at all, may have a material adverse effect on its business, results of operations, financial condition, and cash flows.