Neetu Yoshi Limited - IPO

1. Our Manufacturing Facility is located in Uttarakhand. Any disruption, breakdown or shutdown of our Manufacturing Facility may have a material adverse effect on our business, financial condition, results of operations and cash flow.

2. We do not own the premises where our Registered Office is located.

3. Our manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on our business, financial condition, results of operations and cash flows.

4. Our business and revenues are substantially dependent on Indian Railways.

5. Our business is dependent on the continued growth of infrastructure mainly the Railways infrastructure and any slowdown in fresh investments in the Railway infrastructure or change in policies may impact our business and results of operations.

6. We are subject to strict quality requirements, regular inspections and the success and wide acceptability of our products is largely dependent upon our quality controls and standards. Any failure to comply with quality standards may adversely affect our business prospects and financial performance, including cancellation of existing and future orders which may expose us to warranty claims.

7. We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licences or comply with such rules and regulations may adversely affect our operations.

8. We have limited experience in the manufacture activity that we carry.

9. Our inability to successfully diversify our product offerings by setting up new manufacturing facility may adversely affect our growth and negatively impact our profitability.

10. We have experienced negative cash flows from operating activities and may do so in the future, which could have a material adverse effect on our business, prospects, financial condition, cash flows and results of operations.