The company operates a diversified business model that exposes it to various risks and an inability to manage such risks may have an adverse effect on its business, results of operations, cash flows and financial condition.

If the company borrowers default in their repayment obligations it may lead to increased levels of non-performing assets ("NPA"), related provisions and write-offs, its business, results of operations, cash flows and financial condition may be adversely affected.

The company does not have any identifiable promoter in terms of the SEBI ICDR Regulations and the Companies Act, 2013.

Its Statutory Auditors have included modifications in their report on the company audited consolidated financial statements for Fiscals 2024 and 2023 under eport on Other Legal and Regulatory Requirements', and certain other remarks/ comments in the annexure to report prescribed under the Companies (Auditor's Report) Order, 2020 for Fiscals 2024 and 2023.

A significant portion of its investments are in credit facilities and debt instruments that are unsecured, and/or subordinated to other creditors. An inability to recover such investments may result in increased levels of NPAs, which could adversely affect its business, prospects, results of operations, cash flows and financial condition.

Its inability in the future to comply with or any delay in compliance with the strict regulatory requirements with respect to its listed non- convertible debentures may have an adverse effect on its business, results of operations, cash flows and financial condition. Additionally, the trading in its NCDs may be limited or sporadic, which may affect the company's ability to raise debt financing in future.

The company is subject to certain conditions and restrictions in terms of its financing arrangements and the company has not been in compliance with certain of these covenants in the past. An inability to comply with repayment and other covenants in its financing agreements could adversely affect the company's business, financial condition, cash flows and results of operations.

The company operates in a highly competitive industry and its inability to compete effectively may adversely affect the company's business, reputation, results of operations, cash flows and financial condition.

The company may faces asset-liability mismatches which would expose it to interest rate and liquidity risks that could have a material and adverse effect on its business, results of operations, cash flows and financial condition.

Its business requires funds regularly, and any disruption in the company funding sources would have a material adverse effect on its business, results of operations, cash flows and financial condition.