Sadhav Shipping Ltd IPO

There are outstanding legal proceedings involving the Company which may adversely affect its business, financial condition and results of operations.

Breakdown, Mishaps or accidents could result in a loss or slowdown in operations and could also cause damage to life and property.

The company may incur penalties or liabilities for non-compliance or delay in compliance with certain provisions of GST Act, Income tax and other applicable laws in the last Three years and in stub period.

The Company may incur penalties or liabilities for non-compliances with certain provisions of the Companies Act and other applicable laws in the last three Years.

The deployment of the Net Proceeds from the Issue is based on management estimates and have not been independently appraised by any bank or financial institution and is not subject to any monitoring by any independent agency and the Company's management will have flexibility in utilizing the Net Proceeds from the Issue.

Its revenue and profits are largely dependent on chartering/ hire of barges/vessels.

There is no monitoring agency appointed by the Company and the deployment of funds is at the discretion of its Management and its Board of Directors, though it shall be monitored by its Audit Committee.

The Company operates under several statutory and regulatory permits, licenses, registrations, and approvals. Its failure to obtain and/or renew any approvals or licenses in future may have an adverse impact on its business operations.

The company has incurred substantial indebtedness which exposes it to various risks which may have an adverse effect on its business and the results of operations.

Its lenders have charge over its movable and immovable properties in respect of finance availed by it.