Source: SEBI
From the prospectus, ordered by severity. Wording is close to the filing — not softened.
Dependence on Flagship Store
Any disruption at, or decline in the performance of, Ratlam Store-I would have a disproportionate adverse effect on our business.
Operational · high
Lack of Trademark Registration
We do not hold, and have not applied for, any trademark registration in India in respect of our brand names or logos.
Legal · high
Negative Cash Flows
We have experienced negative cash flows from operating activities of ₹ 581.87 million, ₹ 133.09 million, and ₹ 96.75 million in Fiscal 2026, 2025, and 2024 respectively.
Financial · medium
Regulatory Compliance
Any failure or delay in obtaining or renewing them, or in complying with their conditions, may adversely affect our operations.
Regulatory · medium
What the business leans on, as the filing describes it.