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Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Regulatory Compliance Risk
The company has faced non-compliance with financial covenants in the past, particularly due to COVID-19 and a cease and desist order from the RBI, but no adverse actions were taken by lenders.
Regulatory · high
Operational Risk
The company is exposed to operational risks due to a high volume of cash transactions and has detected numerous fraud cases.
Operational · medium
Geographic Concentration Risk
The company relies heavily on its operations in specific states, which could impact its financial condition if adverse developments occur in those regions.
Geographic · medium