Significant portion of its revenues is concentrated from a limited number of clients. The loss of any of the company significant clients may have an adverse effect on its business, financial condition and result of operations.

The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

The unexpected loss, shutdown or slowdown of operations at its manufacturing plant could have a material adverse effect on the company results of operations and financial condition.

The Company requires significant amount of working capital for continued growth. Its inability to meet the company working capital requirements, on commercially acceptable terms, may have an adverse impact on its business, financial condition and results of operations.

Its business, operating performance, and financial situation could negatively impact the company capacity to adapt quickly to shifts in consumer expectations and market trends, as well as by the company failures to diversify its product offering.

Its CZ gold jewellery business faces risks from market volatility and changing consumer preferences. Fluctuations in commodity prices like gold could impact its costs and profitability. Evolving consumer tastes influence product demand, necessitating continuous adaptation to remain competitive.

The company has availed unsecured loans from Promoters and third parties that are recallable, at any time.

The company has experienced negative cash flows in the past, and its may have negative cash flows in the future.

The company may faces significant competition in its business. An inability to compete effectively may lead to loss of business or reduced operating margins.

The company has entered into related party transactions in the past and may continue to do so in the future.