Agree that trade receivables seem to be of concern. Additionally post last concall, we had some concerns on inventory and had written to the management in end May 2024 to clarify this.
Despite an initial response, post the questions and a few follow ups we did not get a response. Basis the same, decided to exit the investment due to lack of clarity.
Mail screenshot below.
Disclosure : Were invested till this mail communication but have now exited positions
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