Riddhi Display Equipments Ltd IPO

The Report on the Audited Financial Statements for the Period ended October 31, 2024 and Reaudited Financial Statements for the Financial Year ended March 31, 2024 and the Examination Report on the Restated financial statements of the Company for the period ended October 31, 2024 and for the financial years ended March 31, 2024, March 31, 2023 and March 31, 2022, are all signed under same UDIN on same date.

The Manufacturing Unit proposed to be set up in Lucknow, Uttar Pradesh, is on premises taken on lease.

The company has only one Manufacturing Facility, continued operations of its manufacturing facility is critical to its business and any disruption in the operation of the company manufacturing facility may have a material adverse effect on its business, results of operations and financial condition.

Its business is subject to a variety of safety, health and environmental laws, labour, and workplace related laws and regulations. Any failure on its part to comply with these applicable laws and regulations could have an adverse effect on its operations and financial condition.

The company generate a significant percentage of its revenue from few clients. The loss of any one or more of its major clients would have a material adverse effect on the company business operations and profitability.

Its top ten suppliers contribute majority of the company purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.

There have been instances of incorrect filing and delays in filing of certain e-forms of the Company in compliance with the Companies Act, 2013. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.

Its business operations are concentrated in the Gujarat, any adverse developments affecting its operations in this region could have a significant impact on the company revenue and results of operations.

The company has in the past, and may in the future, experience losses.

The company does not have long-term agreements with most of its customers and the loss of one or more of them or a reduction in their demand for its products could adversely affect the company business, results of operations, financial condition and cash flows.