Maharaja & Speedex India Ltd IPO

Long-standing relationships with suppliers and customers.

Integrated Manufacturing and Distribution Capabilities.

Diversified product portfolio across price segments.

Seasoned Management Team with Complementary Expertise.

The company source a significant portion of its raw material requirements from a limited number of suppliers, and anydisruption in supply or deterioration of the companys relationship with such supplier(s) could have a material adverseeffect on its business, results of operations and financial condition.

The company is dependent on and derives a substantial portion of its revenue from certain key customers. Loss ofrelationship with any of these customers or delays or reductions in their orders may have an adverse effect onthe companys business, results of operations, financial condition and cash flows.

The company is dependent on its distribution network in India to sell and distribute the companys products and any disruption inits distribution network could have an adverse effect on the companys business, results of operations, financial conditionand cash flows.

Manufacturing products for third parties under OEM and private-label arrangements may create potentialchannel conflicts and competitive overlap with the companys branded products, which could adversely affect its brandpositioning and growth strategy.

The companys revenue is concentrated in certain states, and any adverse developments in these regions could materiallyaffect its business.

The Company does not own any of the premises from which its operates, and all such premises are leased.Disruption of the companys rights as lessee or termination of the agreement with its lessor may adversely impact the companyoperations and, consequently, its business, financial condition and results of operations.

The Company and certain of its Promoters, Directors, Key Managerial Personnel, Senior Management andSubsidiaries are involved in certain legal proceedings. Any adverse decision in such proceedings may renderthe company/them liable to liabilities/penalties and may adversely affect its business and results of operations.

The company is dependent on third party transportation and logistics service providers. Any increase in the charges ofthese entities could adversely affect its business, results of operations and financial condition.

Under-utilization of the companys manufacturing capacities may have an adverse effect on its business, future prospectsand future financial performance. Moreover, information relating to capacity utilization of the companys productionfacility included in this Red Herring Prospectus is based on certain assumptions and future production andcapacity utilization may vary.

The companys inability to accurately forecast demand for its products and manage the companys inventory may have an adverseeffect on its business, results of operations, financial condition and cash flows.