21 Sep 2020, 12:18:03 PM IST
Kotak Securities on Chemcon Speciality Chemicals IPO risk factors
>The Promoters and certain members of Promoter Group have filed an application for settlement with SEBI with respect to certain past non compliances with respect to their holding in a listed company, which was a member of Promoter Group, which if determined adversely may have a negative impact on operations, reputation and prospects.
>Super Scientific Works Private Limited (“SSWPL”), an entity qualifying as a Promoter Group entity of the Company, has lodged a formal complaint with SEBI against Naresh Vijaykumar Goyal, a Promoter Group member of the Company.
>Naresh Vijaykumar Goyal, a member of Promoter Group, has filed an appeal in relation to a criminal proceeding filed against him, which if determined adversely may have a negative impact on operations, reputation and prospects.
>The recent outbreak of the novel coronavirus could have a significant effect on operations, and could negatively impact business, revenues, financial condition and results of operations.
>The company derives a significant portion of revenue from a few customers and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their demand for products may adversely affect business, results of operations, financial condition and cash flows.