1. The company's operations are dependent on the continuous supply of organic agricultural produce and its inability to procure adequate amounts of organic agricultural produce from farmers, aggregators and organic certified vendors/ companies at competitive prices or at all, may have an adverse effect on its business, results of operations and financial condition.
2. The company depend on third party facilities for primary processing of the organic raw materials. Any disruption of operations at such third party facilities or termination of agreements for use of such third party facilities could adversely affect its business, results of operations and financial condition.
3. Its inability to meet the tastes, preferences or consistent quality requirements of its customers or its inability to accurately predict and successfully adapt to changes in market demand could reduce demand for its products and harm its sales.
4. The organic food industry in India is in nascent stage and the lack of awareness among Indian consumers and farmers regarding organic food products make them vulnerable to misconceptions around organic farming and may have an adverse effect on the organic food industry and consequently its business, results of operations and financial condition.
5. The improper handling, processing or storage of its products or raw materials, or spoilage of and damage of such products or raw materials, or any real or perceived contamination in its products or raw materials, could subject its to regulatory action, damage its reputation and have an adverse effect on its business, results of operations and financial condition.
6. Its cannot assure you that the company's product mix will be profitable in the future. Further, its may not be able to successfully diversify its product portfolio, which may materially and adversely affect its business prospects and impact its future financial performance.
7. The current outbreak of COVID-19 has caused severe disruptions in the Indian and global economy. The continuing impact of the COVID-19 pandemic on its business, operating results, cash flows and/or financial condition are uncertain and cannot be predicted.
8. The supply of organic agricultural produce is subject to seasonal factors, weather conditions, disease, or pests can, and does not necessarily match the seasonal change or weather conditions in demand for its products, which may have an adverse effect on its business, financial condition, results of operations and prospects.
9. Its business depends on' 24 Mantra' brand, and any negative publicity or failure to maintain and enhance its brand could adversely impact its business, results of operations and financial conditions.
10. Non-compliance with and changes in, safety, health and environmental laws and other applicable regulations pertaining to quality of food products, may adversely affect its business, financial condition, results of operations and prospects.