HRS Aluglaze Ltd IPO

High Quality Products.

Our long-standing relationships with suppliers.

Design and execution capability.

leveraging the experience of our Promoter and team.

Market Knowledge and Industry Expertise.

Marquee client base and repeat orders.

Diversified real estate portfolio.

Quality certifications.

The company order book may not be representative of its future results. Projects included in the company order book andits futures projects may be delayed, modified or cancelled for reasons beyond its control which maymaterially and adversely affect the company business, prospects, reputation, profitability, financial condition andresults of operation.

Its business is dependent on certain key customers and the loss of any of these customers or loss ofrevenue from sales to any key customers could has a material adverse effect on the company business, financialcondition, results of operations and cash flows.

The company does not have firm commitment agreements its customers. If the company customers choose not to sourcetheir requirements from it, there may be a material adverse effect on its business, financial condition,cash flows and results of operations.

The company business and profitability are substantially dependent on the availability and the cost of its rawmaterials and components consumed for which the company relies on third parties. Any disruption in timely andadequate supply of the raw materials, or volatility in the prices of raw materials or failures to maintaincordial relations with the company suppliers may adversely impact its business, results of operations, financialcondition and cash flows.

The company projects is generally awarded to its upon meeting prescribed pre-qualification requirements andthrough a competitive bidding process. Any failures to secure new project awards may adversely affect the companybusiness operations and financial condition.

The company manufacturing unit and its operations are geographically concentrated in Gujarat. Consequently,its are exposed to risks from economic, regulatory and other developments which could have an adverseeffect on the company business, results of operations and financial condition. Further, its continued operationsare critical to the company business and any shutdown of its manufacturing unit may adversely affect the companybusiness, results of operations and financial condition.

Due to the seasonal nature of the industry we operate in, its may not be able to achieve complete utilisationof the manufacturing unit, which in turn could materially and adversely affect the company business, financialcondition and results of operation.

The company is dependent on its manufacturing unit, and any loss, or shutdown, or under-utilization of theproduction capacities of the company manufacturing unit may has an adverse effect on its business, financial condition and results of operations.

The Company has, in the past, experienced delays and non-compliances in filing e-forms with theRegistrar of Companies (RoC), including annual returns, financial statements, and charge-relatedforms. While no regulatory actions or penalties have been imposed to date except below mentioned, thereis no assurance that such actions will not be levied in the future. The Company cannot guarantee thatsimilar delays will not occur in the future, and if regulatory authorities impose penalties or take punitiveactions against the Company or its directors/officers, it could negatively affect the Companys businessand financial condition.

The company proposed capacity expansion plans relating to the new manufacturing facility at Rajoda, Ahmedabadare subject to risks of unanticipated delays, cost overruns, regulatory hurdles, and its may not be able toderives the intended benefits from the project.