High dependence on third-party suppliers in respect of availability of our raw materials.
Any sale of equity shares by the company’s promoters or further issue shares by the company in order to comply with the minimum public shareholding requirements may adversely affect the trading price of our equity shares.
Any discontinuance or termination of the company’s ‘take or pay agreement’ with Patanjali Ayurved Limited will result into material adverse effect on the company’s business.
No operating experience in the company’s newly forayed nutraceuticals business.
The company has acquired biscuits, cookies, rusk and other associated bakery product business from one of its Promoter i.e. Patanjali Natural Biscuits Private - it may have regulatory implications.
Outstanding legal proceedings involving the company, directors and promoters.
Certain of the company’s promoters and/or directors are engaged in a similar business of edible oils (such as soyabean and mustard), honey, aata (wheat flour) - it may lead to conflict of interest.
Negative cash flows observed in the recent past.
Some promoters of the company have pledged their equity shares and entered into an unattested share pledge agreement in favour of a common security trust.
Total outstanding borrowings (fund based and non-fund based) outstanding of Rs 312,735.28 lakhs as at May 15, 2021.
Some of the company’s products are subject to seasonal variations and as a result, its quarterly results of operations may fluctuate.