The company's erstwhile statutory auditor resigned in April 2026 and a new auditor was appointed; any future auditor change or transition delay could disrupt timely financial reporting and regulatory filings.

The company, its group company, promoters and directors face certain outstanding legal proceedings, including nine tax matters against the company aggregating around Rs.381.95 Lakhs, which could adversely affect operations.

Revenue is highly concentrated in a single product category, with sanitary napkins contributing around 95% of FY26 revenue, leaving the company exposed to any adverse development affecting that category.

The company's performance depends on its ability to keep pace with rapidly evolving consumer preferences and hygiene trends; failure to adapt could reduce demand, market share and brand loyalty.

The company's brands - Femiss, Womanica, ElderFit and Bloom Baby - are critical assets, and any deterioration in brand reputation from counterfeits, quality lapses or adverse publicity could harm sales.

The company sells to customers on a purchase-order basis without long-term contracts; its top 10 customers contributed around 80% of FY26 revenue, so loss of key customers could materially affect revenue.

The company must continually acquire new consumers cost-effectively; rising marketing and advertising spend, if not matched by conversion, could raise customer-acquisition costs and compress margins.

The company's manufacturing is labour-intensive and dependent on availability of skilled and unskilled labour; strikes, work stoppages or wage increases could disrupt operations.

The company depends on a few suppliers for key raw materials, with its top 10 suppliers contributing around 85% of FY26 purchases, and lacks fixed-term agreements, exposing it to supply and price risk.

The company has reported negative net cash flows from operating activities (FY25) and investing activities (FY24-FY26), and any future negative cash flow may affect its liquidity and financial condition.