Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Customer Concentration Risk
The largest customer contributed 42.26% of revenue in Fiscal 2026, and top ten customers accounted for 96.17%.
Operational · high
Supplier Concentration Risk
Top ten suppliers contributed 60.40% of total purchases for Fiscal 2026.
Operational · high
Dependence on Raw Materials
The company is highly dependent on cotton bales, which constituted 98.87% of total cost of goods sold for Fiscal 2026.
Operational · high
Compliance Risk
The company has faced compliance issues with the Companies Act, which could lead to penalties.
Regulatory · high
Operational Disruption Risk
The manufacturing operations are vulnerable to disruptions, and the company does not have long-term contracts with customers or suppliers.
Operational · high
What the business leans on, as the filing describes it.