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COX AND KINGS (INDIA) LIMITED - Securities and Exchange Board ...

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FORWARD-LOOKING STATEMENTS<br />

This Draft Red Herring Prospectus contains certain forward-looking statements. These forward-looking statements<br />

generally can be identified by words or phrases like ‘will’, ‘aim’, ‘will likely result’, ‘believe’, ‘expect’, ‘will continue’,<br />

‘anticipate’, ‘estimate’, ‘intend’, ‘plan’, ‘contemplate’, ‘seek to’, ‘future’, ‘objective’, ‘goal’, ‘project’, ‘should’, ‘will<br />

pursue’ <strong>and</strong> similar expressions or variations of such expressions, that could be ‘forward looking statements’. Similarly, the<br />

statements that describe our objectives, strategies, plans or goals are also forward-looking statements.<br />

All forward-looking statements are subject to risks, uncertainties <strong>and</strong> assumptions that could cause actual results to differ<br />

materially from those contemplated by the relevant forward-looking statement. Important factors that could cause actual<br />

results to differ materially from our expectations include, but not limited to:<br />

• Our ability to successfully implement our strategy, growth <strong>and</strong> expansion plans, technological initiatives;<br />

• Our ability to attract <strong>and</strong> retain qualified personnel;<br />

• Market fluctuations <strong>and</strong> industry dynamics beyond our control;<br />

• Fluctuations in operating costs <strong>and</strong> impact on the financial results<br />

• Our ability to manage the third party risks;<br />

• Our ability to successfully launch new services;<br />

• Any adverse outcome in legal proceedings in which we are involved;<br />

• Potential mergers, acquisitions or restructuring;<br />

• Our ability to meet our capital expenditure requirements <strong>and</strong>/or increase in capital expenditure;<br />

• Changes in political <strong>and</strong> social conditions in India or in countries that we may enter, the monetary policies<br />

<strong>and</strong>/or fiscal policies of India <strong>and</strong> other countries, inflation, deflation, unanticipated turbulence in interest rates,<br />

equity prices or other rates or prices;<br />

• General economic <strong>and</strong> business conditions in the markets in which we operate <strong>and</strong> in the local, regional <strong>and</strong><br />

national economies;<br />

• The performance of the financial markets in India <strong>and</strong> globally;<br />

• Changes in laws <strong>and</strong> regulations relating to the industries in which we operate;<br />

• Occurrence of natural disasters or calamities affecting the areas in which we have operations;<br />

• Changes in technology in future; <strong>and</strong><br />

• Increasing competition or other factors affecting the industry segments in which our Company operates;<br />

For further discussion of factors that could cause our actual results to differ, please refer to the section titled ‘Risk Factors’<br />

<strong>and</strong> ‘Management’s Discussion <strong>and</strong> Analysis of Financial Condition <strong>and</strong> Results of Operations’ beginning on pages xv <strong>and</strong><br />

211 of this Draft Red Herring Prospectus. By their nature, certain market risk disclosures are only estimates <strong>and</strong> could be<br />

materially different from what actually occurs in the future. As a result, actual future gains or losses could be materially<br />

different from those that have been estimated. Neither our Company, the Selling Shareholders nor the BRLM nor any of<br />

their respective affiliates have any obligation to update or otherwise revise any statements reflecting circumstances arising<br />

after the date hereof or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to<br />

fruition or differ from actuality. In accordance with SEBI requirements, our Company, the Selling Shareholders <strong>and</strong> the<br />

BRLM will ensure that investors in India are informed of material developments until such time as the grant of listing <strong>and</strong><br />

trading permission by the Stock <strong>Exchange</strong>s for the Equity Shares allotted pursuant to the Issue.<br />

xiv

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