Vruddhi Engineering Works Ltd IPO

The Company, Promoters, Directors and Group Companies 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.

In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on its business.

The company has made an application with the Registrar of Trade Marks for registration of the logos and same has been under the status of send to Vienna Codification. Any delay in receiving the approval and/or granting registration or in obtaining registration could result in loss of logos & brand equity and the Company right to use the said logos.

The Company and its Promoter may not have significant experience in the business of the Company.

The company is highly dependent on its suppliers for uninterrupted procurement and sale of the company traded goods. Any disruption of supply from such entities may affect its business operations.

The company has availed unsecured loans which are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect its cash flows.

The company don't own registered office, corporate office and the godown which is used by it currently.

The company operations are significantly located in and around Mumbai and failure to expand its operations may restrict the company growth and adversely affect its growth.

Changes in technology may affect its business by making the company equipment or products less competitive or obsolete.

The company insurance policies do not cover all risks, specifically risks like loss of profits, terrorism, etc. In the event of the occurrence of such events, its insurance coverage may not adequately protect it against possible risk of loss.