Travels & Rentals Ltd IPO

The Company, Promoter Group and Group Entities are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.

The travel industry is intensely competitive, and its may not be able to effectively compete in the future.

Any failures to maintain quality of customer service, products and deal with customer complaints could materially and adversely affect its business and operating results.

The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

Its Group Company has incurred losses in the past and may incur losses in the future.

The company has provided an advance to some of the related entities, which may possibly be in contravention of section 185 of the Companies Act, 2013.

Any disruption to the supply of air, train and bus tickets, and reduced demand for hotel accommodation and related services or other travel elements, or an increase in the prices of travel elements could adversely affect its operation, turnover and profitability.

Its may be exposed to risks relating to processing, storage, use and disclosure of customer data of the company's customers or visitors to its website.

Its Registered Office is located on premises which are not owned by the company and has been obtained on rent basis. Disruption of its rights as licensee/ lessee or termination of the agreements with its licensors/ lessors would adversely impact its operations and, consequently, the company business, financial condition and results of operations.

The company has not yet applied for the registration of its logo. If the company fails to obtain registration its brand building efforts may be hampered which might lead to adverse effect on its business.