Nisus Finance Services Co Limited - IPO

1. The Company, Promoters, Directors, and its Subsidiaries are a party to certain litigation and/or claims. Any adverse decision may make the Company liable to liabilities/penalties and may adversely affect its reputation, business, and financial status. A classification of these legal and other proceedings is given below.

2. The company is dependent on and derives a substantial portion of its revenue from certain key customers and investors in its funds managed by the company subsidiaries that may expose it to liquidity risks, which may adversely affect the company's business volume, results of operations and financial condition.

3. The financing industry is becoming increasingly competitive, which may create significant pricing pressures for it to retain existing customers and solicit new business. The company's growth will depends on its ability to compete effectively in this environment.

4. The company has grown in the past but there can be no assurance that its growth will continue at a similar rate or that the company will be able to manage its rapid growth. If its unable to implement or sustain the company's growth strategy effectively it could adversely affect its business, results of operations, cash flows and financial conditions.

5. Difficult conditions in financial markets can adversely affect its business, which could materially reduce the company revenue and income.

6. There are certain discrepancies noticed in its statutory records and/or records relating to filing of returns and statutory expenses with the concerned Registrar of Companies.

7. Revisions to laws and regulations or regulatory investigations, including recent RBI AIF Circular restricting certain investments by Regulated Entities in the schemes of alternate investment funds ("AIFs"), may have a material adverse effect on its business, results of operations, cash flows and financial condition.

8. Any adverse development in the real estate sector would negatively affect the company's results of operations.

9. The company's Consolidated Restated Financial Statements are reviewed and Signed by the Peer Review Auditors who is not Statutory Auditors of the Company as required under the provisions of SEBI ICDR Regulations.

10. The company requires certain approvals, licenses, registration and permits for its business, and failures to obtain or renew them in a timely manner may adversely affect its operations.