Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Dependency on Government Contracts
Our business and revenue are substantially dependent on the Ministry of Railways, Government of India.
Operational · high
Financial Stability Risks
The company has significant working capital requirements and has experienced negative operating cash flows in the past.
Financial · high
Legal and Regulatory Risks
Legal proceedings involving the company and its directors could adversely affect its financial condition, with outstanding litigations amounting to Rs. 529.17 lakhs.
Legal · high
Labour and Compliance Risks
Labour-intensive operations may be affected by strikes or wage demands, and there are concerns regarding compliance with statutory provisions.
Operational · medium
Economic Instability Risks
Economic instability in India due to global conflicts and potential slowdowns could adversely affect our business.
Economic · medium
What the business leans on, as the filing describes it.