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Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Market Risk
Investments in equity involve risks, and investors should only invest if they can afford to lose their entire investment.
Financial · high
Operational Risk
The company has experienced negative cash flows and requires substantial capital expenditure for solar power projects.
Operational · high
Legal Risk
Outstanding legal proceedings involving the company and its promoters could have an adverse effect on business.
Legal · high
Regulatory Risk
The Draft Red Herring Prospectus has not been approved by SEBI, which does not guarantee its accuracy.
Compliance · medium
What the business leans on, as the filing describes it.