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Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Dependence on Key Customers
A substantial portion of revenues from operations has been dependent upon a few customers.
Business · high
Working Capital Intensive
Our business is highly working capital intensive.
Operational · high
Tax Proceedings
Our Director and our Promoters are involved in certain tax proceedings.
Legal · medium
Aging Fleet
Aging fleet of vehicles leading to increased maintenance costs.
Operational · medium
Regulatory Compliance
The company is subject to various regulatory requirements which may impact operations.
Legal · medium
What the business leans on, as the filing describes it.