Barflex Polyfilms Limited - IPO

1. We are involved in one criminal case which is pending against our Company that may have a material adverse outcome.

2. We had, in the past, entered into OTS with our lender in respect of our credit facilities. Any inability to any lenders in future could adversely affect on our business, results of operation and financial condition.

3. In the past, on account of losses, our Company failed to meet financial performance as per the expectation of our Investor which subsequently resulted in dispute. Any failure on our part go meet performance parameters in future may lead to dispute, penal provisions, financial & reputational loss.

4. Our Promoters, Mr. Jaiwant Bery and Mrs. Nomita Bery, were associated with companies which were delisted compulsorily by an order of BSE Dissemination Board.

5. We have not yet obtained possession of the land/premises where we intend to set up our expansion unit.

6. Our Company has yet to place orders for 100% of the plant & machineries for our proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries may result in time and cost over-runs and our business, prospects and results of operations may be adversely affected.

7. If we are unable to successfully implement our proposed expansion plans, our results of operations and financial condition could be adversely affected.

8. We may not be able to manage our growth or sustain the pace of our growth in future periods, which may adversely affect our business, financial condition, results of operations and prospects.

9. Our other income include profit from investment in stock market/mutual funds, which being exceptional income, and is not sustainable.

10. There are outstanding litigations involving our Company, Promoters and Directors which, if determined adversely, may affect our business and financial condition.