Siddhi Cotspin Ltd IPO

Experienced Promoter and Management Team.

Quality Standards.

Strong and diversified supplier base for sourcing raw materials.

Optimal Utilization of Resources.

Long-standing relationships with our customers.

There is an Interim Order/Show Cause Notice passed by the Securities and Exchange Board of India (SEBI) involving Mr. Vedprakash Devkinandan Chiripal and Ms. Savitridevi Chiripal part of our Promoter Group, alongwith other entities viz. Mauria Udyog Limited, 7NR Retail Limited, Darjeeling Ropeway Company Limited, GBL Industries Limited, and Vishal Fabrics Limited which may impact our Promoters reputation and in turn affecting our business operations and the value of our shares.

The company does not own its registered office.

Substantial portion of its revenues has been dependent upon few customers, with which the company does not have any firm commitments. The loss of any one or more of its major customers would have a material adverse effect on its business, cash flows, results of operations and financial condition.

Its business is vulnerable to variations in demand for cotton yarn and changes in consumer preferences, which could have an adverse effect on its business, results of operations and financial condition.

The Company has not entered into any fixed or long term contracts with its customers and the company will operates on the basis of orders received on hand. Inability to maintain regular order flow would adversely impact its revenues and profitability.

The company does not maintain long-term contracts with its third-party suppliers, and its business may be adversely affected by a shortfall in supply, or increase in price of materials.

Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of SEBI ICDR Regulations 2018.

The company faces competition, including from other large and established competitors, and the company may fail to compete successfully against existing or new competitors, which may reduce the demand for its Product which may lead to reduced prices, operating margins, profits and further result in decline in revenue.

Its business is operating under various laws which require the company to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect its business, prospects, results of operations and financial condition.

Its operations are subject to high working capital requirements. The companys inability to maintain an optimal level of working capital required for its business may impact the companys operations adversely.