Jungle Camps

Risks

• If the company is not able to obtain, renew or maintain the statutory and regulatory permits and approvals required to operate its business, it may have a material adverse effect on the company`s business.

• Few of its Operational Facilities which the company operates are built and developed on long-term leased land and its registered office is located on long-term leased premises.

• Our Company was incorporated in the year 2002 and some of our corporate records including forms filed with the Registrar of Companies are not traceable. The company cannot assure you that these forms filings will be available in the future or that its will not be subject to any penalties imposed by the relevant regulatory authority in this respect which may impact its financial condition and reputation.

• There have been instances of delays or non-filling of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to the Registrar of Companies. There have been instances of delays or non-filling of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to the Registrar of Companies.

• The Company has experienced multiple instances of delays in filing returns required under the CGST Act, 2017, and the Employees` Provident Fund and Miscellaneous Provisions Act, 1952.

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

• The Company has entered into multiple agreements with different Companies in relation to Lease and Sale of Properties and Areas of Land, Outsourcing and Onboarding with the Vendors and Service Partners.

• The Company had negative cash flow from investing and financing activities as of June 30, 2024 & in recent fiscal, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition, and results of operations.

• The Promoters, Directors and Key Managerial Personnel of the Company does not have any pending legal cases against them before any Court/ Tribunal.

• The company has not executed any agreement with any of its Designated Agents.

• Reduction or less than anticipated stay by guests or members at its properties may result in a loss of revenue generation opportunities and adversely impact its revenues.

• The Company has not opened separate bank account for some of the private placements made in the past i.e. on March 30, 2016, March 21, 2022, May 12, 2022, February 08, 2024 and March 01, 2024 and has not obtained valuation report for one of the allotments made on March 30, 2016 as required under Section 42 of the Companies Act 2013, it may have a material adverse effect on its business.

• The Quotation received from vendors has no validity period, resulting price may fluctuate the utilisation of the Net Proceeds of the Fresh Issue as disclosed in the RHP.

• The objects of the issue are based on external quotations and any cost escalation or inability to execute the same result in adverse financial condition.

• Its funding requirements and proposed deployment of the Net Proceeds are based on management estimates and the company has not entered into any definitive arrangements to utilize certain portions of the Net Proceeds of the Offer. The company has relied on the quotations received from third parties for estimation of the cost for its capital expenditure requirements and have not been independently appraised by a bank or a financial institution.

• Its inability to identify, obtain, and retain intellectual property rights, or to protect or use them, could harm its business. Further, the company may infringe upon the intellectual property rights of others, any misappropriation of which could adversely affect its business and reputation.

• The Company has availed unsecured loans from banks and other financial institutions, which may be recalled on demand.

• The company has applied for registration for its logo and the same is yet to be registered. The company`s inability to obtain registration for its logo could have an adverse effect on the company`s business, results of operations, and financial condition.

• The hospitality industry is affected by consumer preferences and perceptions. Changes in these preferences and perceptions may affect the demand for its properties and adversely affect the company`s operations.

• The company is subject to operating risks common in the resort and hotel industry.

• Its business is cyclical in nature.

• The Company`s failures to maintain the quality standards of the services could adversely impact its business, results of operations and financial condition.

• Disruptions in the operations of its properties, services and facilities could affect the company`s business and results of operations.

• The company could become liable to its customers, suffer adverse publicity and incur substantial costs as a result of defects in its services, which in turn could adversely affect the value of the company`s brand, and its sales could be diminished if the company is associated with negative publicity.

• In addition to normal remuneration or benefits and reimbursement of expenses, some of its directors and key managerial personnel are interested in the Company to the extent of their shareholding, dividend entitlement, if any etc.

• If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.

• If its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.

• The company will be controlled by its Promoters and member of promoter group jointly as long as they own a majority of its Equity Shares, and the company other shareholders will be unable to affect the outcome of shareholder voting during such time.

• The company may not be successful in implementing its business strategies which may have an adverse effect on the company operations and growth.

• Its ability to maintain the company competitive position and to implement its business strategy is dependent to a significant extent on the company senior management team and other key personnel.

• The company relies on the proficiency and skills of the management team appointed by it to maintain the quality of its service.

• Negative publicity could adversely affect its revenue model and profitability.

• The company industry is labour intensive, and its business operations may be materially affected by strikes, work stoppages or increased wage demands by its employees or those of the company suppliers.

• The company operates in a highly competitive market and may not be able to maintain its market position, which may adversely impact the company`s business, results of operations and financial condition.

• Its may be unable to accurately forecast the demand for the company supplies.

• Its ability to raise capital for the company future growth and expansion may be limited.

• Its operating results may fluctuate significantly and could fall below the expectations of securities analysts and investors due to various factors.

• In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects / schedule of implementation of this Issue which would in turn affect its revenues and results of operations.

• Land title in India can be uncertain and its may not be able to identify or correct defects or irregularities in title to the land which the company own, lease or intend to acquire in connection with the development or acquisition of new hotels, in its proposed business.

• Industry information included in this Red Herring Prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.

• The company`s insurance coverage may not be adequate to protect it against all potential losses to which the company may be subject to, and this may have a material adverse effect on its business.

• Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior Shareholders` approval.

• Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by its major shareholders may adversely affect the trading price of the company Equity Shares.

• The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.

• The requirements of being a public listed company may strain its resources and impose additional requirements.

• Significant disruptions in its information technology systems or breaches of data security could affect the company`s business and reputation.

• The Company has entered into certain related party transactions and may continue to do so in the future.

• The average cost of acquisition of Equity shares by its Promoters is lower than the Issue price.

• There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds. The deployments of funds are at discretion of its management and the company Board of Directors, through it shall be monitored by the Audit Committee.

• The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further the company has not identified any alternate source of financing the `objects of the Issue`. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.

• A significant portion of its revenues are derived from a few Resorts and from hotels concentrated in a few geographical regions and any adverse developments affecting such hotels or regions could have an adverse effect on its business, results of operation and financial condition.

• The extent and reliability of Indian infrastructure such as electricity and water supply may adversely affect the Company`s results of Operations and financial condition.