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Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Market Risk
There is no assurance of an active market for the shares post-listing.
Financial · high
Operational Risk
The company has recorded negative operating cash flows in fiscal year 2024 and incurred losses in the past three fiscal years.
Operational · high
Regulatory Risk
The company may face penalties for delays in payment of statutory dues.
Compliance · medium