Its business is dependent on the sale of its products to key customers. The loss of any of the company key customers or loss of revenue from sales to its customers could have a material adverse effect on the company's business, results of operations, financial condition, cash flows and future prospects.

The compan is highly dependent on a single Manufacturing Facility for the entire portion of its revenue from operations. Any disruption, breakdown or shutdown of its Manufacturing Facility may adversely affect the company's business, results of operations, financial condition, cash flows and future prospects.

Material adjustments have been made in the financial statements of the Company by its Independent Peer-Reviewed Auditors.

The Company has delayed payment of Government and statutory dues, and has been penalized.

The company has not complied with certain statutory provisions of the Companies Act and Rules thereunder. Such noncompliance may attract penalties and other actions against the Company and its Directors which could impact the financial position of it to that extent.

The Audit Reports to the Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not statutory auditor of the Company.

Its Independent Directors have not passed the online proficiency self-assessment test conducted by Indian Institute of Corporate Affairs to approve proficiency of a person to be appointed as an Independent Director of any company.

Any failures to compete effectively in the highly competitive global industry of high precision and mission critical components manufacturing could have a material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.

Its contracts/ purchase orders may not be indicative of the company's future growth rate or new business orders its will receive in the future. Further, the company may not realize all of the revenue expected from its contracts/ purchase orders.

The company depends on third party suppliers for raw materials and other business inputs, which are on a purchase order basis. Such suppliers may not perform, or be able to perform their obligations in a timely manner, or at all and any delay, shortage, interruption, reduction in the supply of or volatility in the prices of raw materials and other business inputs on which the company relies may have a material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.