Vashishtha Luxury Fashion Limited IPO

1. We have a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult for investors to evaluate our business and prospects.

2. Incomplete regulatory and other compliance during transition from Partnership Firm to a Company which can affect overall aspects of our Company.

3. Our company relies heavily on its subsidiary, Vashishtha Embroidery Private Limited, and the Promoter Group Entity, Anas Embroidery, for all manufacturing-related activities.

4. Our Company's subsidiary Vashishtha Embroidery Private Limited and Promoter Group Entity Anas Embroidery does not possess quality control certification from any recognized authority.

5. There have been some instances of delays in filing of statutory and regulatory dues in the past with the various government authorities.

6. There have been instances of delayed filings and erroneous filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to ROC.

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, 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 our operations.

8. There are certain outstanding legal proceedings involving our Company, Promoter and Director, Subsidiaries/Group Companies, KMPs and SMPs an adverse outcome of which may adversely affect our business, reputation and results of operations.

9. Our business is subject to seasonality. Lower revenues in the festive period of any Fiscal may adversely affect our business, financial condition, results of operations and prospects.

10. We typically work on a buy order basis with our clients, and the majority of them do not sign long-term contracts. Our business, prospects, operational outcomes, and financial situation could all suffer if we are unable to uphold our ties with our customers.