Vegorama Punjabi Angithi Ltd IPO

The Company, its Promoters, namely Deepak Chadha, Subash Chander Chadha and Teenu Chadha, and a Promoter Group Entity, namely Deepak Chadha HUF, have received summons from the Office of the Assistant Director of Income Tax (Investigation), New Delhi under Section 246(2) of the Income Tax Act, 2025, in connection with certain financial and related transactions for the financial years 2020-21 to 2024-25.

If the company is unable to implement its growth strategy successfully including in relation to selecting cities and locations for the company new cloud kitchens and fine dine restaurants its results of operations and financial condition may be adversely affected.

The company continued operations are critical to its business and any shutdown of the company cloud kitchens and fine dine restaurant may adversely affect the company business, results of operations and financial condition.

In addition to the company existing indebtedness for its existing operations, the company may incur further indebtedness during the course of business. The company cannot assure that its would be able to service the company existing and/ or additional indebtedness.

Substantial portion of the company revenues has been dependent upon online food platforms. The loss of any one or more of its major customer or online food platform would have a material effect on its business operations and profitability.

The company revenues has been significantly dependent on few customers and its inability to maintain such business may have an adverse effect on its results of operations.

There has been certain instances of non-compliances in respect of ROC filing or payments. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of all applicable law and other law could impact on the financial position of the Company to that extent.

If the company is unable to identify and obtain suitable locations for its new cloud kitchens and fine dine restaurants this may result in lower footfalls and table turn rates which would adversely affect the company anticipated growth in business.

Failure to obtain or maintain or renew licenses, registrations, permits and approvals in a timely manner or at all may adversely affect the company business and results of operations.

If the company is unable to compensate for the loss of revenue arising from the closure of its cloud kitchens, the company business operations, revenue from operations, cash flows and profitability may be adversely affected.