Western Overseas Study Abroad Ltd IPO

There are outstanding litigation proceedings involving the Company, its Promoters, KMP/SMP an adverse outcome in which, may has an adverse impact on its reputation, business, financial condition, results of operations and cash flows.

Our Company is dependent on various institutions for our revenue. Any loss of such institutions may have an adverse impact on our business, results of operations and financial conditions.

We generate our major portion of revenue from our operations in from Global institutions. Any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.

We generate our major portion of sales from our operations from a particular geographical region, Canada, Australia, UK and Germany. Any adverse developments affecting our operations in this country could have an adverse impact on our revenue and results of operations.

We do not own registered office premises.

All of our Branch Office premises are on leased/rental basis.

We have to suitably review and update our course and study materials.

Changes in the foreign Policy on VISA and Immigration may affect our business adversely.

Political instability or a change in economic liberalization and deregulation policies could seriously harm business and economic conditions in India generally and our business in particular.

The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our Company.