Pro FX Tech Ltd IPO

The company depends on its global suppliers/ manufacturers or domestic vendors for its operations and unsatisfactory products provided by them or failures to maintain relationships with them could disrupt its operations. Further, the company may not be able to pass on any increase in costs levied by its global suppliers/manufacturers or vendors to the company customers.

Termination or non-renewal of Distribution Agreements or any material modification to the existing terms under such agreements adverse to its interest will materially and adversely affect the company ability to continue its business and operations and the company future financial performance.

Its business and profitability heavily relies on the consistent and timely availability of finished products. Any disruption in supply or price volatility of these products can negatively impact its operations and financial health. Additionally, the company dependence on third-party suppliers, without firm supply commitments or exclusive arrangements, poses a risk. The loss of any suppliers could adversely affect its business, operational outcomes, and financial condition.

The company future growth is dependent upon its ability to identify and maintain new products, technologies and customers that achieve market acceptance with acceptable margins.

The Company is yet to execute lease/rent agreements for its proposed Three Showroom cum experience centres.

The company does not own the registered office, corporate office, warehouse, Service Centres and Showrooms from which the company carry out its business activities. In case of nonrenewal of rent agreements or dispute in relation to use of the said premise, its business and results of operations can be adversely affected.

Its business is dependent on global suppliers/manufacturers effectively maintaining, promoting or developing their brands and maintaining standard quality products including launching new AV (Audio-Video) products at regular intervals.

A significant majority of its revenues from operations are derived from particular mode of sales i.e distribution of (AV)Audio Video Products.

Its may not be successful in the company efforts to monetize its products and services.

The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.