Hunger Pangs Limited

• Expenditure towards setting up of new ‘Burma Burma’ restaurants by our Company, in India (New Burma Burma Restaurants)₹117 Cr
• General corporate purposes

313 material civil proceedings

• Our business is substantially dependent on the continued strength and acceptance of the Burma Burma brand, which is a single brand for substantially all of our operating performance.(Brand Concentration)

• Our all-vegetarian and no-alcohol offerings may restrict our addressable customer base, limiting our ability to attract customers who prefer non-vegetarian food, alcohol-led dining, or broader multi-cuisine menus.(Product/Service Limitations)

• Our menu innovation depends on our ability to source specialty ingredients and consistently prepare recipes; failure to procure ingredients on commercially acceptable terms or train employees may constrain our ability to refresh the menu.(Operational Risks)

• Our historical performance may not be indicative of future growth; if we fail to manage our growth, we may face financial constraints and adverse effects on our business, financial condition, and cash flows.(Growth Risks)

• Our ability to sustain and innovate our offerings depends on access to specialty ingredients, recipes, and operational discipline; any failure in this regard may adversely affect our business, results of operations, and financial condition.(Operational Risks)

• Our restaurants may become less attractive due to changing consumer preferences, and we may be unable to adapt to such changes in a timely manner, resulting in reduced customer traffic and lower table utilization.(Market Risks)

• Our brand proposition is closely tied to Burmese heritage and a focused menu format; if customers do not continue to value this differentiated positioning, or if we fail to preserve the perceived authenticity and experience of the brand, our revenue, customer traffic, and profitability may be adversely affected.(Brand Concentration)

• Our brand concentration may limit our ability to offset underperformance in one city or cuisine vertical, and if the Burma Burma brand is unable to sustain customer loyalty in existing markets or gain sufficient acceptance in new markets, our planned expansion may take longer to stabilize or may not achieve expected revenue and profitability levels.(Expansion Risks)

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.