One stop solution for soil health management, crop nutrition, bio stimulant, bio pesticides, Integrated Pest Management (IPM) and crop protection through diversified branded product portfolio.
Established distribution network across various geographies through many dealers.
Strengthening farmer outreach through Nova Kisan Seva Kendra.
Technology driven product development and marketing.
Focus on ecologically sustainable and nutritionally balanced products.
Experienced Management Team and Promoters.
Well Equipped Research & Development facility.
The strength of its brands is crucial to the company growth and success and its may not succeed in continuing to maintain and develop the company brands.
The company propose to utilise portion of the Net Proceeds of the Offer for investment in its subsidiary, Nova Agri Sciences Private Limited for setting-up formulation plant and funding Capital Expenditure by the Company towards setting up its formulation plant, which may be subject to delays, cost overruns, and other risks and uncertainties.
The company intend to utilize a portion of the Net Proceeds towards investment in its subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant and towards funding Capital Expenditure in Nova Agritech Limited for expansion of the existing formulation plant. The company has yet to place orders for plant and machinery for the proposed new formulation plant and expansion of its existing formulation plant. Any delay in undertaking such and not adhering to the schedule of implementation could have a material adverse effect on the company business growth and prospects, financial condition and results of operations.
The company's business depends on the Promoters and senior management and its ability to attract and retain key personnel. Any attrition rate of the company senior management may affect its business growth.
If the company is unable to effectively manage or expand the dealer network and operations or pursue its growth strategy and maintain healthy relations with existing dealers, The company sales may be affected and its may not achieve the company expected levels of profitability which may adversely affect its business prospects, financial condition and results of operations.
The company is required to obtain and maintain various licences and permits for its business.
The company Promoter and certain of its Directors may have interest in entities, which are engaged in lines of business similar to that of the Company. Any conflict of interest which may occur between its business and the activities undertaken by such entities could adversely affect the company business and prospects.
The Company, its Subsidiaries, Promoters and Directors are involved in certain legal proceedings and potential litigation. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.
The agreements governing the Company's indebtedness contain conditions and restrictions on its operations, additional financing and capital structure.
The Company has negative cash flow during certain fiscal years; details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.