1. We have certain outstanding litigation against our Company, Promoters and director, an adverse outcome of which may have an adverse impact on our reputation, business and results of operations.
2. Changing regulations in India could lead to new compliance requirements that are uncertain. The regulatory environment in which we operate is evolving and is subject to change.
3. There is a criminal litigation against our Promoter, Arpit Gupta. In case the case is decided against our Promoter, it will cause loss of reputation of the company and that may affect our business, operations and financial conditions.
4. Our business is subject to seasonal volatility, which may contribute to fluctuations in our results of operations and financial condition.
5. Our manufacturing facility and corporat office & warehouse(s) are located on rental premises. If we are unable to renew such rent agreements or relocate on commercially suitable terms, it may have a material adverse effect on our business, results of operation and financial condition.
6. We derive significant portion of our revenues from Chana and Chana Dal, any reduction in demand or in the production of such products could have an adverse effect on our business, results of operations and financial condition.
7. Our business operations are majorly concentrated in certain geographical regions and any adverse developments affecting our operations in these regions could have a significant impact on our revenue and results of operations.
8. Our business is dependent on our Manufacturing Facilities. Any shutdown of operations of our Manufacturing Facilities may have an adverse effect on our business, results of operations and financial condition.
9. We have experienced negative cash flows and any negative cash flows in the future could adversely affect our financial conditions and results of operations.
10. In addition to our existing indebtedness for our existing operations, we may incur further indebtedness during the course of business. We cannot assure that we would be able to service our existing and/ or additional indebtedness.