Joyalukkas India Ltd

No strengths available.

The current and continuing impact of the ongoing novel coronavirus ("COVID-19") pandemic on its business and operations has been significant. The impact of the pandemic on its operations in the future, including its effect on the ability or desire of customers to visit its showrooms, is uncertain and may be significant and continue to have an adverse effect on its business prospects, strategies, business, operations, its future financial performance and the price of its Equity Shares.

Its may not be successful in maintaining and enhancing awareness of the "Joyalukkas" brand. Any deterioration in public perception of its brand could adversely impact its business, financial condition, cash flows and results of operations.

Its inability to identify customer demand accurately and maintain an optimal level of inventory in its showrooms may impact its operations adversely.

There have been certain deficiencies in compliances with the FEMA regulations in relation to certain unsecured loans received by the Company from its Promoter. The company has filed a compounding application with the RBI in respect of such contraventions, which is currently pending. Consequently, Its may be subject to regulatory actions and penalties/compounding fees for such non-compliance which may adversely impact its business, financial condition and reputation.