Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Outstanding Legal Proceedings
Outstanding legal proceedings may adversely affect business, cash flows, and results of operations.
Operational · medium
Negative Cash Flows
Negative cash flows from investing and financing activities experienced in past years.
Financial · medium
Dependence on Raw Materials
Non-availability or inadequate quality of raw materials could have a material adverse effect on our business.
Operational · medium
Reliance on Key Customers
Top 10 customers contributed to 87.33% of revenue from operations.
Market · medium
Regulatory Approvals
Delays in statutory dues payments may attract financial penalties.
Regulatory · medium
What the business leans on, as the filing describes it.