Polysil Irrigation Systems Ltd IPO

Failure to successfully procure raw materials in a timely manner, at competitive rates, or at all, or to identify new raw material suppliers could adversely affect the company business, financial condition and results of operations.

The Company, Promoter and Directors are involved in certain litigation which is currently pending at various stages. Any adverse decisions in these cases against the Company, Promoter and Director. may impact business and operations of the Company.

In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business it may have a material adverse effect on the company business.

The company has experienced negative cash flows in previous years. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.

The Micro Irrigation Industry is highly dependent on subsidy policy by the central & state government.

The company relies significantly on the Dealers/ Distributors network for sale of its products through open market sale.

Any disruptions in transportation systems, including those arising from the company reliance on third parties for its transportation needs, may adversely affect the company business and results of operations.

Any failure to adapt to industry trends and evolving technologies to meet the company customers' demands may adversely affect its business and results of operations.

The company is subject to risks associated with expansion into new geographic markets. Any inability to expand into new geographic markets or penetrate existing markets may adversely affect its growth and future prospects.

The company Statutory Auditor have included certain emphasis of matters in their auditors' report in its audited financial statements and Restated Financial Statement for Fiscal 2023.