Himalayan Solar Ltd IPO

Experienced promoters having deep knowledge to scale up the business.

Established and proven track record.

Leveraging the experience of our Promoters.

Experienced management team and a motivated and efficient work force.

Cordial relations with our customers.

Quality Assurance & Control.

The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adversedecision in such proceedings may have a material adverse effect on the companys business, results of operations andfinancial condition.

Risk of Low-Capacity Utilization Levels and Potential Underutilization of Expanded Manufacturing Facilities,Which May Adversely Impact the company Operational Efficiency, Profitability, and Return on Investment.

Potential Adverse Impact on Business Operations Due to Obsolescence of Existing Manufacturing Facility andRisks Associated with Relocation and Commissioning of New Manufacturing Unit with New Machinery.

Adverse changes in government policies, industry standards, or regulatory requirements governing the companys productshave impacted its past operations and may adversely affect the companys future business prospects and financialperformance.

The companys Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountant who isnot Statutory Auditors of the Company.

The company has not taken any steps to order the machinery/equipment required for the Expansion and upgradation ofthe manufacturing facility. In the event of any delay in placing the orders, or in the event the vendors are notable to provide the equipment/machinery in a timely manner, or at all, the same may result in time and cost overruns.

The Company is dependent on a few customers for sales. Loss of any of these large customers may affect itsrevenues and profitability.

The company highly depends on its major raw materials and a few key suppliers who help it procure the same. TheCompany has not entered into long-term agreements with its suppliers for the supply of raw materials. In theevent the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results ofoperations and financial condition may be adversely affected.

The majority of the companys state- wise revenues from operations for the last 3 years are dependent mainly on Haryana.Any adverse developments affecting its operations in these states could have an adverse impact on the companys revenueand results of operations.

The companys business operations may faces less sales in unfavourable solar weather conditions could have a materialadverse effect on its business, financial condition and results of operations.