NSE · Source: INVESTORGAIN
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Revenue Dependence
Any reduction in revenue from the broking segment could have a material adverse effect on business.
Business · high
Regulatory Compliance
Failure to comply with applicable law or changes in the regulatory framework could result in action by authorities.
Regulatory · high
Network Dependence
Loss of a significant number of Authorised Persons may have an adverse impact on business.
Business · high
Permit Maintenance
Failure to obtain, renew and maintain requisite statutory and regulatory permits may adversely affect business.
Regulatory · high
Exchange Disruption
Disruption in the functioning of the exchanges could have a material adverse effect on business.
Business · high
Client Retention
Failure to retain and augment client base could have a material adverse effect on business.
Business · high
Working Capital Requirements
High working capital requirements may adversely affect business if not adequately arranged.
Financial · high
Intellectual Property Rights
Failure to enforce intellectual property rights could have an adverse effect on business prospects.
Legal · high
Technology Dependence
Failure or inadequacies in information technology systems may hamper competitive ability.
Operational · high
Corporate Records Compliance
Discrepancies, errors, and non-compliance in corporate records could impact financial position.
Legal · high
What the business leans on, as the filing describes it.