Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Various litigations impacting business and financial operations.
• Show cause notice from Registrar of Companies for violation of section 297 of Companies Act, 1956.
• Letter from Registrar of Companies for non-compliance of provisions of Section 211(3C), 227 and 255 of the Companies Act, 1956.
• Acquisition of land from a related party (Ravikumar Properties Private Limited) potentially at unfavorable terms.
• Potential delays/non-receipt of regulatory approvals for expansion plans.
• Market presence limited to Puducherry, with regulatory restrictions in neighboring states.
• Losses incurred by some group companies with negative net worth.
• Potential conflict of interest due to promoter's interests beyond shareholding and remuneration.
• Substantial contingent liabilities.
• Negative cash flows in certain financial years.
• Delays in procurement of plant & machinery for expansion.
• Potential delays in commencement of operations impacting profitability.
• General corporate purposes funding exceeding 20% of issue size.
• Delays in raising funds from IPO impacting implementation schedule.
• Lack of appointed public relations agency for brand development.
• Absence of a monitoring agency for issue proceeds utilization.
• Promoter/Promoter Group retaining significant control.
• Dependence on management team.
• Dependence on manufacturing facility.
• Inadequate insurance coverage against operating risks.
• Potential public liability consequences from factory accidents.
• Dependence on timely supply of quality raw materials.
• Potential intellectual property infringement.
• Inadequate brand presence and limited geographical presence.
• Secured loans with charge over movable and immovable properties.
• Substantial indebtedness and debt service obligations.
• Auditor's qualifications in restated financial statements.
• Unsecured loans repayable on demand.
• Equity shares issued at a price lower than the issue price in the past.
• Related party transactions.
• Heavy regulation of the IMFL industry.
• Negative perception of the IMFL industry in Indian culture.
• Political sensitivity of the industry.
• Slowdown in economic growth in India.
• Changes in Indian government policies.
• Terrorist attacks, civil unrest, and other acts of violence.
• Downgrading of India's debt rating.
• Natural calamities.
• Changes in regulatory framework.
• Price and volume fluctuations of equity shares after the issue.

Mitigation Strategies

• Compounded non-compliances with Registrar of Companies.
• Filed compounding application for Companies Act violations.
• Sent reply letter to Registrar of Companies pleading condonation of non-compliance.
• Transaction with related party conducted on arms-length basis.
• Possesses relevant licenses for manufacturing, possession, and sale of IMFL.
• Propose to tap markets of adjoining states through government agencies.
• Internal accruals and/or debt to address shortfall in meeting objects of the issue.
• Audit Committee to monitor utilization of issue proceeds.
• Maintaining insurance coverage of assets and accident policies.
• Marketing initiatives to promote brand and increase sales.
• Expansion plans to increase production capacity.
• Installation of re-distillation plant to reduce production costs.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Chevalerie Due Verre Galant (France)
• Gem of India Award (All India Achievers Conference)