Vegorama Punjabi Angithi Ltd IPO

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

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

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

Substantial portion of the company's 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 the company's business operations and profitability.

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's anticipated growth in business.

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

If the company is unable to regularly offer new dishes on its menu or if the company fails to timely respond to changes in consumer tastes and preferences the company's business and results of operations would be adversely affected.

If the company is unable to maintain consistent same cloud kitchens sales growth, the company's results of operations may be adversely affected.

The company's marketing and advertising campaigns may not be successful in increasing the popularity of its brands. If the company's marketing initiatives are not effective, this may adversely affect its business.

The company may face several risks associated with the construction of the building of the Proposed Expansion, which could hamper the company's growth, prospects, cash flows and business and financial condition