Curefoods India Limited IPO

The company depends significantly on food aggregators for the sale of its food offerings through the delivery channel. The company generated 82.20%, 85.61%and 86.51% of its revenue from operations in Fiscals 2025, 2024 and 2023, respectively, from sales through delivery channel. Any adverse changes in the policies or operations of these food aggregators may adversely affect its business, results of operations, financial condition, and cash flows.

The company's diverse portfolio of brands exposes us to risks associated with managing operations across such brands.

The company may be unsuccessful in launching new brands or food offerings which may impact its growth and could adversely affect the company's business, results of operations, financial condition and cash flows.

The company may not be able to successfully acquire and integrate new brands which may adversely affect its business, results of operations, and financial condition.

The company reputations of its brands is critical to our business. Any adverse impact in this regard, including as a result of increase in customer complaints or the company's inability to resolve such complaints in a timely manner, or the company's inability to increase its customer base through the company's marketing initiatives may adversely affect its business, results of operations, financial condition, and cash flows.

The company relies on the availability and cost stability of raw materials and packaging materials for its food offerings. Shortages in or rises in the prices of such raw materials or packaging materials may adversely affect its business.

The examination reports on the company's Restated Consolidated Financial Information disclose emphasis of matter paragraphs, and the company cannot assure that our financial information for future periods will not contain emphasis of matters.

Any significant downtime or operational disruption could have an adverse effect on the company's business, results of operations, financial condition, and cash flows.

The company has incurred losses in the past and may incur additional losses in the future which could adversely affect its financial conditions and results of operations.

Demand for the company's products may decrease due to changes in consumer preferences and food habits, which could have an adverse effect on the company's business, results of operations, financial condition, and cash flows.