M R Maniveni Foods Ltd IPO

Our Company had received share application money in cash for certain past allotments, for which bank statements are not available, and any non-compliance or regulatory action in this regard may adversely affect our Company.

We have long-standing relationships with our suppliers. However, we have not entered into any long-term contracts with suppliers for our black gram and raw pigeon pea and an increase in the cost or a shortfall in the availability of such black gram and raw pigeon pea or our inability to leverage existing or new relationships with our suppliers could have an adverse effect on our business and results of operations.

We have long-standing relationships with our customers. However, our Company, in the usual course of business does not have any long-term contracts with its customers and we rely on purchase orders for delivery of our products. Any cancellation, modification, and postponement of our orders could materially harm our cash flow position, revenues and earnings.

We have obtained the Consent to Establish ("CTE") for our proposed fully automated Toor Dal processing plant. Any delay in obtaining subsequent consents, Consent to Operate ("CTO"), or failure to comply with applicable environmental and regulatory conditions approval which may adversely affect our operations, expansion plans, and financial performance.

We are highly dependent on our existing milling facility located in Thiruvallur, Tamil Nadu, and any slowdown, interruption, shutdown or under-utilization of this facility may adversely affect our business, financial condition and results of operations.

We are significantly dependent on the sale of Toor Dal and Urad Dal, and any decline in demand for these products could adversely impact our business, financial condition, results of operations and cash flows.

In the past, there have been discrepancies in filings with the Registrar of Companies (RoC) and other non-compliances under the Companies Act, which may result in penalties.

Our operations are highly dependent on the uninterrupted supply of black gram and raw pigeon pea, primarily Toor dal and Urad dal. Any shortage, delay, disruption in supply, or significant volatility in their prices may materially and adversely affect our manufacturing operations, profitability, working capital requirements, and overall financial condition.

We have experienced negative cash flows in the past. Any negative cash flows in the future would adversely affect our cash flow requirements, which may adversely affect our ability to operate our business and implement our growth plans, thereby affecting our financial condition.

There have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on us or take any punitive actions against our Company in relation to the same, our business, financial condition and results of operations could be adversely affected.