Rikhav Securities Limited - IPO

1. An integrated financial services platform.

2. Risk management system.

3. Long term relationship with the clients.

4. Experienced management team with proven execution capabilities.

1. We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.

2. Our Company has been subject to certain penal actions from the Stock Exchanges and Regulatory Authority in the past in the past. There can be no assurance that we will not be subjected to such penalties in the future, which may in turn adversely affect our financial conditions, our operations and profitability.

3. We are subject to extensive statutory and regulatory requirements and supervision, which have material influence on, and consequences for, our business operations.

4. Our Company had negative cash flows in the past years from investing activities, details of which are given below. Sustained negative cash flow could impact our growth and business.

5. Our Company is a SEBI registered intermediary and is into the business of primary and secondary capital market. The market is prone to fraudulent transactions which are at times beyond the control of the Company and any such transactions undertaken by the clients of the company may drag the company into litigation with regulatory authorities, which if proved against us in absence of adequate proofs, may pour heavily on the Company.

6. The operation of our businesses is highly dependent on information technology and we are subject to risks arising from any failure of, or inadequacies in, our IT systems.

7. We depend on the accuracy and completeness of information about clients and counterparties for our business. Any misrepresentation, errors in or incompleteness of such information could adversely affect our business and financial performance.

8. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of our Company.

9. Our Company is a SEBI registered intermediary and is into the business of primary and secondary capital market. The laws in the segment keeps changing and evolving on regular basis and any non-compliance on our part may render our Company into penalties.

10. We may extend credit to our clients for dealing in securities and any default by a client or any down turn in the market could result in substantial losses.