Ramdevbaba Sol.

The Company`s manufacturing facilities are situated near Nagpur, Maharashtra giving it the strategic advantage to supply and distribute Rice Bran Oil in Maharashtra and DORB across various states in India.

The ease of availability of rice bran in abundance, which is its main raw material, ensures the smooth operations of its Manufacturing Facilities, and production and sale of its finished products.

The Company has integrated operations involving the extraction of oil from bran and refining of the extracted oil enabling it to meet the time, cost efficiency, quality and quantity requirements.

The Company has arrangements with other FMCG companies for supply of rice bran oil.

The Company has over the years focused immensely on stringent quality control for its products.

Its Promoters have vast knowledge and experience in the agro, food and refining space. Its Promoters are complemented by a professional management team which shares the same vision and values as them to drive its growth.

Its inability to comply with repayment and other covenants in the financing agreements or otherwise meet its debt servicing obligations could adversely affect the company`s business, financial condition, cash flows and credit rating.

Its business is dependent the demand of the company products in Maharashtra, Andhra Pradesh and Uttar Pradesh.

The company is dependent upon certain suppliers for the supply of raw materials required for manufacturing its products and majority of them are from the states of Maharashtra, Madhya Pradesh, Chhattisgarh and Gujarat. In the event of shortage of raw materials with these suppliers or if the company is unable to procure raw materials from alternative sources and in timely manner, its may be unable to meet production schedules for the company products and may not be able to deliver its products to customers, which may adversely affect the company customer relations and reputation.

The company derives significant portion of its revenues from Rice Bran Oil and any reduction in demand or in the production of such products could have an adverse effect on its business, results of operations and financial condition.

Its business is dependent on the sale of the company products to certain FMCG companies with whom the Company has not entered into any long-term agreements purchasing its Rice Bran Oil. The loss of such customers, a significant reduction in purchases by such customers, or a lack of commercial success of their product of which the company is a major supplier could materially adversely affect its business, results of operations and financial condition.

The company derives significant portion of its revenues from the sale of De-Oiled Rice Bran (DORB) and any reduction in demand from its consumers could have an adverse effect on the company`s business, results of operations and financial condition.

Its operations are dependent on the supply of large amounts of raw material such as rice bran. The company does not have long term agreements with suppliers for its raw materials and any increase in the cost of, or a shortfall in the availability of, such raw materials could have an adverse effect on its business and results of operations, and seasonable variations could also result in fluctuations in its results of operations.

Its products are in the nature of commodities, and their prices are subject to fluctuations that may affect its profitability.

In case the company fail to successfully establish its corn de-oiling plant its revenues and reputation could be severally affected which in turn could also affect its financial condition.

Its business operations require significant working capital. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.

Any failure to protect or enforce its rights to own or use intellectual properties and brand name could have an adverse effect on its business and competitive position.

The Company has availed certain unsecured loans which may be recalled at any time.

The company currently have two products i.e. Rice Bran Oil and De-oiled Rice Bran (DORB). Its inability to manage the company operations may have an adverse effect on its business, results of operations and financial condition.

The company derives significant portion of its revenues from the sale of Rice Bran Oil under the company own brands. Any reduction in demand of its products or loss of any distributor could have an adverse effect on its business, results of operations and financial condition.

Unfavourable local weather patterns may have an adverse effect on its business, results of operations and financial condition.

Any failure of diversification into blended oil products may adversely affect its business, results of operations and financial condition.

Failure in its endeavour to diversify into cleaning products may adversely affect its business, results of operations and financial condition.

There are outstanding legal proceedings involving the Company, Subsidiary, Directors and Promoters which may adversely affect its business, financial condition and results of operations.

Its customers expect the company to maintain high quality standards and any failure by it to comply with such quality standards may have an adverse effect on demand from end customers and on its reputation, business, results of operations and financial condition.

Its business is dependent on the company`s Manufacturing Facilities which are strategically located near Nagpur, Maharashtra. Any shutdown of operations of its Manufacturing Facilities may have an adverse effect on its business and results of operations.

Any downgrade of its debt ratings could adversely affect the company`s business.

Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders` approval.

The company has spent Rs. 14.49 lakhs, Rs. 12.34 lakhs and Rs. 0.90 lakhs as required under Section 135(5) of the Companies Act, 2013 towards CSR activities for ongoing projects for the Financial Years 2023, 2022 and 2021, respectively through its regular bank account than otherwise required from a special bank account. The company has filed a compounding application with the RoC to correct such irregularity.

The company has not been able to obtain certain records of the educational qualifications and work experience of some Directors and have relied on declarations and affidavits furnished by them.

The Company has not made any alternate arrangements for meeting its requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.

The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of its management and as per the details mentioned in the section titled "Objects of the Issue". Any revision in the estimates may require it to reschedule its expenditure and may have a bearing on the company expected revenues and earnings.

In the event of failure of setting up of the Ethanol manufacturing unit by its Associate company may adversely affect the company results of operations and financial condition.

In addition to own fleet of commercial vehicles, the company is dependent on third party transportation and logistics service providers for delivery of its products to the company customers as well as raw materials to its Manufacturing Facilities. Any delay in delivery of its products or raw materials or increase in the charges of these entities could adversely affect its business, results of operations and financial condition. The company also may be exposed to the risk of theft, accidents and/or loss of its products in transit.

The Company has not entered into long-term agreements for the supply of raw materials with its suppliers. The company is subject to uncertainties in the supply of raw materials and there is no assurance that its suppliers will continue to sell raw materials to it as per its requirements. This could impact the business and financial performance of the Company.

Its inability to manage the company`s inventory and foresee accurate demand for its products for a future period may adversely affect the company reputation, business, results of operation and its financial performance.

Its success largely depends upon the services of the company`s Directors, Senior Management Personnel and Key Managerial Personnel (KMP) and its ability to attract and retain them. Demand for Senior Management Personnel and Key Managerial Personnel (KMP) in the industry is intense and its inability to attract and retain the company Senior Management Personnel and Key Managerial Personnel may affect the operations of the Company.

Failure to identify and effectively respond to changing consumer preferences and spending patterns in a timely manner, may adversely affect the demand for its products, causing the company`s business, results of operations, financial condition and cash flows.

Its brands and reputation are critical to the success of the company`s business and may be adversely affected due to various reasons, which could have an adverse effect on its business, financial condition, cash flows and results of operations.

Its inability to respond adequately to increased competition may adversely affect the company`s business, financial condition and results of operations.

In the event of any accident at its Manufacturing Facilities, the Company may be held liable for damages and penalties which may impact the financials of the Company.

The company is operating in a labour intensive industry, hence its may face labour disruptions and other planned and unplanned outages that could interfere or temporarily disrupt its operations.

In the event the company fail to obtain, maintain or renew its statutory and regulatory licenses, permits and approvals required to operate its business operations, the company`s business and results of operations may be adversely affected.

Its business may expose it to potential product liability claims and recalls, which could adversely affect its results of operation, goodwill and the marketability of the company products.

The company is exposed to the risks of significant breaches of data security, and malfunctions or disruptions of information technology systems.

Industry information included in this Red Herring Prospectus has been has been obtained or extracted from government websites also extracted from publicly available information, data and statistics and has been derived from various government publications and industry sources.

The Company has in the past entered into related party transactions with its Promoters and Promoter Group members and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on its financial condition and results of operations.

Its inability to comply with repayment and other covenants in the financing agreements or otherwise meet the company debt servicing obligations could adversely affect its business, financial condition, cash flows and credit rating.

Its operations are subject to evolving health, safety and environmental laws and regulatory standards.

The company has certain contingent liabilities that have not been provided for in its Restated Financial Statements, which if realised, could adversely affect the company`s financial condition.

Its Promoters and Promoter Group will continue to retain significant control in the Company after the Issue, which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.

Its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures and are also prohibited by the terms of its financing arrangements.

Its insurance cover may not adequately protect the company`s against all material hazards and accidents.

The company does not own its Registered Office and Corporate Office and have taken the same on leave and license basis and any revocation or adverse changes in the terms of the leave and license may have an adverse effect on its business, prospects, results of operations and financial condition.

The Company is unable to trace share transfer deeds pertain to certain instances of share transfers happened in the past and the company has relied on the minutes of meetings of Board of Directors and the statutory register.

The company has issued Equity Shares at a price that may be lower than the Issue Price in the last 12 months.