The company has certain outstanding litigation against it, its Directors and Promoters, an adverse outcome of which may adversely affect its business, reputation and results of operations.

The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

The Company operates in a constantly evolving VFX market, which is subject to rapidly changing client's behaviour and tastes and depends on the acceptance of content by the audience through which the Company gains the longterm popularity of its name.

Its ability to remain competitive may be adversely affected by rapid technological changes and its ability to access such technology.

The company operates in an industry which is highly sensitive with regards to maintenance of secrecy of the projects and its contents. Any failures on its part to maintain secrecy of the company projects, will have an adverse effect on its results of operations and financial condition.

The company depends on its relationships with production house and film directors and other industry participants to exploit its film content.

The company derives a significant amount of revenue from the Post Production Services for Advertisement. Any decrease in revenue from Advertisement Services will adversely affect its business, cash flows, financial condition and results of operations.

Success is dependent on its people. The company ability to attract and maintain qualified technical personnel, will affect the results of operations and financial condition.

The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.

Intensified competition may restrict its ability to access content and/or talent.