KVS Castings Ltd IPO

We are majorly dependent on the performance of the Automobile Sector in India. Any adverse changes in the conditions affecting these markets can adversely impact on our business, results of operations and financial condition.

We are majorly dependent on the Auto Component products, any decline in the demand for these products can affect our revenue and result of operations.

There are outstanding legal proceedings involving our Company, Promoters and Group Company. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.

We had negative cash flow from investing and financing activities in the past and may continue to have negative cash flows in the future.

Our contingent liabilities as stated in our Restated Financial Statements could adversely affect our financial conditions.

We have significant power requirements for continuous running of our manufacturing units. Any disruption to our operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on our business, results of operations and financial condition.

The properties used by the Company for the purpose of its operations are not owned by us. Any termination of the relevant lease or leave and license agreements could adversely affect our operations.

Under-utilization of our current manufacturing facility and any inability to effectively utilize our proposed manufacturing capacity could have an adverse effect on our business, future prospects, and future financial performance.

Our top ten customers contributed significant portion of our revenues during the current and previous financial years. Any loss of business from one or more of them may adversely affect our revenues and profitability.

Kashi Vishwanath Steels Pvt. Ltd. (KVSPL), a group company of KVS Castings Limited, was imposed a penalty of Rs. 6,00,000 by SEBI for involvement in illiquid stock options at BSE, we cannot assure that we will not face such situation in future which could affect our business, financial condition and increased regulatory scrutiny.