Divyadhan Recycling Industries Ltd IPO

Sustainable Business Model.

Environmentally conscious approach.

Cordial relations with our customers.

Quality Deliverables.

The company Registered Office from where itsoperate are not owned by it. If the company is required to vacate the same, due to any reason whatsoever, it may adversely affect its business operations.

Its Promoters is involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.

Majority of its state wise revenues from operations for the last 3 years is majorly derived from Himachal Pradesh. Any adverse developments affecting its operations in this state could have an adverse impact on the company revenue and results of operations.

Its group companies are involved in certain legal proceedings/litigations. Any adverse decision in such proceedings may render it/them liable to penalties and may adversely affect its business and result of operations.

The company has had negative cash flows in the past and may continue to have negative cash flows in the future.

The restated financial statements of the company has been provided by the peer reviewed chartered accountant who is not the statutory auditor of the Company.

Under-utilization of its currently operational manufacturing facilities and any inability to effectively utilize the company proposed manufacturing capacity could have an adverse effect on its business, future prospects, and future financial performance.

Certain of its corporate filings and records are not traceable, while certain corporate records have errors. the company cannot assure that regulatory proceedings or actions will not be initiated against it in the future, and the company will not be subject to any penalty imposed by the competent regulatory authority in this regard.

The company is dependent on one of its customers named PV Fibers LLP, who contributes significant portion of revenue of the company during the last 3 financial years and stub period. Any loss of business from this customer may adversely affect its revenues and profitability.

Its Top 10 Suppliers contribute a significant portion of teh company raw material consumption during the current and previous financial years. Any dispute with one or more of them may adversely affect its business operations.