Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Market Risk
No assurance can be given regarding an active or sustained trading in the Equity Shares after listing.
General · high
Regulatory Risk
Pending regulatory compliances related to foreign subsidiary and not obtained Fire No-Objection Certificate for premises in Warud, Maharashtra.
Compliance · medium
Operational Risk
Dependence on third-party logistics for transportation, and any disruptions could adversely affect operations.
Operational · medium
Financial Risk
Negative cash flows experienced in the past, including a net cash flow from operating activities of ₹823.30 lakhs in Fiscal 2026.
Financial · medium
What the business leans on, as the filing describes it.