Star Imaging and Path Lab Ltd IPO

The Company, Promoter and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

There have been instances in the past where the company has not made regulatory filing of Consolidated Financials of the Company with RoC.

The Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below.

The Company has not fulfilled its CSR obligation u/s 135 of the Companies Act, 2013 for the F.Y. 2021-22 to F.Y. 2023-24. Such noncompliance/ default may attract penalties on the Company and its Directors.

Form-2 for Return of Allotment filed with the Registrar of Companies for the period April 28, 2011 is not traceable.

There were certain instances of discrepancies in relation to certain statutory filings and corporate records of the Company.

The company does not own registered office which is used by it currently.

Its inability to protect or use the company intellectual property rights or comply with intellectual property rights of others may adversely affect the company business and results of operations.

The company has in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders.

Its future funds requirements, in the form of issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.