Jaipur Benami Property Dispute
₹8-9 crore stuck with aggregator in Jaipur land deal. While owned land (₹21 crore) is secure, the disputed portion creates ongoing legal exposure and reputational concerns for long-term investors.
SNOWMAN / Q3-FY26 / risks
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Snowman Logistics · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Warehousing Margin Collapse
Dry storage and pay-as-you-go model drove margins from 20%+ to below 3%. Management rationale centers on customer stickiness and ROI parity, but trajectory reversal remains unproven.
Indore Project Execution Risk
Despite enhanced due diligence (direct registry, no aggregator), land conversion from agricultural use and new rail corridor construction present regulatory and timeline uncertainties.
Rising Tax Dispute Accumulation
Note disclosures show growing list of tax claims and disputes. While management cites transparency and industry-wide nature, annual increase in dispute count suggests systemic compliance or industry-specific tax challenges.