Kalana Ispat Limited - IPO

1. Innovation focused business model.

2. Consistent track record of profitable growth due to a scalable business model.

3. Established and proven track record.

4. Leveraging the experience of our Promoters.

5. Experienced management team and motivated employees.

6. Cordial relations with our customers.

1. The Company, Promoter and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various regulatory authorities. Any adverse decision may make it liable to liabilities or may adversely affect its reputation/ business/financial status. A classification of these legal and other proceedings is given below.

2. The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect its operations.

3. Its business is subject to a variety of safety, health and environmental laws, labour, and workplace related laws and regulations. Any failure on our part to comply with these applicable laws and regulations could have an adverse effect on its operations and financial condition.

4. The Company is yet to place order for installation of the Solar Power Plant and for machinery for setting up of its rolling mill, as mentioned in the company's Objects of the Issue. Any delay in placing orders/ procurement of machinery, may delay its implementation schedule and may also lead to increase in price of these machineries.

5. The Company has note entered into definitive agreement with the third party vendor, whose has been engaged by the Company for installation of the Solar Power Plant on turnkey basis, further, any material adverse effect on the said vendor may impact its business and results of operations.

6. Its Promoters and the company's Key Managerial Personnels does not have experience in operations and maintenance of Solar Power Plant.

7. Its top five clients account for more than 78% of the company revenue. Further the company does not have any long term.

8. Its top five suppliers account for more than 40% of the raw material procured by it.

9. The company generally do business with its customers on purchase order basis and do not enter into long term contracts with them. Its inability to maintain relationships with the company customers could have an adverse effect on its business, prospects, results of operations and financial condition.

10. The company has not entered into any long term or definitive agreements with its raw material suppliers. Its inability to obtain raw material in a timely manner, in sufficient quantities and / or at competitive prices could adversely affect its operations, financial condition and / or profitability.