Brace Port

Accomplished Leadership Team and qualified workforce.

Long Lasting Business Relationships.

PAN India and Global Reach.

Comprehensive Solutions for Transportation requirements.

Diverse customer base across many sectors.

Technology integrated services.

Quality of Services.

Supplier Relationship.

The company depends on certain key customers for its revenues. A decrease in the revenues its derives from them could materially and adversely affect its business, results of operations, cash flows and financial condition.

The company depends upon third parties to provide services which may result in delays in delivering the cargo/service on time, which in turn may lead to customer dissatisfaction and loss of further business.

Its use the trademark which the company has obtained through assignment from its Corporate Promoter M/s Skyways Air Services Private Limited, which is in the process of Registration of assignment. If its fail to obtain trademark registration the company brand building efforts may be hampered which might lead to an adverse effect on its business.

The company may be unable to meet certain obligations including timelines of delivery, due to which its could become liable to claims by customers, suffer adverse publicity and incur substantial costs as a result of deficiency in its services, which in turn could adversely affect the company results of operations.

Its freight forwarding business depends upon its network of overseas agents for fulfilment of logistics needs of its customers. The company`s inability to maintain its relationships with the overseas agents or deficiency in the service provided by such agents may adversely affect its revenues and profitability.

The company does not verify the contents of the goods transported by it, thereby exposing the company to the risks associated with the transportation of goods in violation of applicable regulations.

The company is required to maintain certain licenses, approvals, registrations, consents and permits in the ordinary course of business. Failure to obtain the requisite approvals result in non-compliance and therefore, affect its business operations, financial condition, result of operations and prospects.

Its may face conflicts of interest relating to the company Promoter and certain Promoter Group entities.

Its relies extensively on the company IT systems to provide connectivity across its business functions through its software, hardware and network systems. Any failure in its IT systems or loss of connectivity or any loss of data arising from such failure can adversely impact its service levels.

Its insurance may be insufficient to cover all losses associated with the company`s business operations.

The company is subject to risks arising from exchange rate fluctuations.

The Company requires significant amounts of working capital for expansion and growth of its Business. The company inability to meet its working capital requirements may have an adverse effect on its results of operations. A major portion of the company working capital is utilized towards trade receivables. As on March 31, 2024, March 31, 2023, and March 31, 2022, its trade receivables form 146.68%, 53.98% and 242.35% respectively, of working capital gap based on restated financial statements.

The Company has a negative cash flow from its operating, investing and financing activities in past three years, details of which are given below, sustained negative cash flow could impact our growth and business.

The company has in the past entered into transactions with related parties and may continue to do so in the future. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that its could not have achieved better terms, had such arrangements been entered into with unrelated parties.

The company does not own its Registered Office from which its operate.

Its other properties are not owned by it. In the event, the company is unable to renew the lease/rent agreements, or if such agreements are terminated, its may suffer a disruption in the company operations.

The Company does not have Custom House Agent (CHA) license in its name.

There are pending litigations against the company, its Promoters, its Directors and its Group Companies and any adverse decision in these proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, result of operations and financial conditions.

The Company may not completely utilise the Net Proceeds of the Issue for the objects stated in FY 2023-24 and FY 2024-25.

There have been certain inadvertent inaccuracies, delay and non-compliances with respect to certain regulatory filings and corporate actions taken by the Company. Consequently, its may be subject to regulatory actions and penalties for any past or future non-compliance and its business and financial condition may be adversely affected.

The Company does not have any long-term contracts with any of shipping lines, transporters, custom clearance etc which may adversely affect its results of operations.

The average cost of acquisition of Equity Shares by its Promoter could be lower than the floor price.

Its success largely depends upon the continuing services, strategic guidance and financial support of the promoters, directors, key managerial personnel and its senior management as well the company`s ability to attract and retain skilled personnel. Any loss of its directors, key managerial personnel and senior management or its ability to attract and retain them and other skilled personnel could adversely affect the company`s business, financial condition and result of operations.

The industry in which its operate has many big players due to which the Company faces a lot of competition from them. This may affect its business operational and financial conditions.

Any negative publicity or defect in service quality may cause the Company substantial costs which in turn could adversely affect its goodwill and its sales could be diminished.

The company`s inability to successfully implement some or all its business strategies in a timely manner or at all could have an adverse effect on its business.

If the company is unable to attract new clients or its existing clients do not wish to do business with it, the growth of its business and cash flows will be adversely affected.

If the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.

Clients may delay or default in making payments for services which could affect the cash-flows and liquidity of the Company.

Its business and profitability could be adversely affected if the company fail to keep pace with changing technology and evolving industry standards and norms or fail to enhance existing services and develop and introduce new latest technology in timely manner.

Within the parameters as mentioned in the chapter titled `objects of the Issue` beginning on page 88, our Company`s management will have flexibility in applying the proceeds of this Issue. The fund requirement and deployment mentioned in the Objects of this Issue have not been appraised by any bank or financial institution.

The agreements governing its indebtedness contain conditions and restrictions on the company`s operations, additional financing and capital structure.

The company is subject to risks associated with expansion into new geographic regions.

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 "Ojects of the Issue`. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.

Its ability to pay dividends in the future may depend upon the company future revenues, profits, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in its financing arrangements.

In addition to standard remuneration or benefits and reimbursement of expenses, its Promoter, some of Directors and key managerial personnel are interested in the Company to the extent of their shareholding, dividend entitlement, in the Company.

There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company Board of Directors, though it shall be monitored by the Audit Committee.

Its Promoter and Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.

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

There have been certain inadvertent delays in respect to the filing of GST returns by our Company.

The Company had defaulted on the payment of Provident Fund Contribution under the Employees` Provident Funds and Miscellaneous Provisions Act, 1952.

Subsequent to the listing of the Equity Shares, we may be subject to surveillance measures, such as the Additional Surveillance Measures and the Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.

There are restrictions on daily / weekly / monthly movements in the price of the Equity Shares, which may adversely affect a shareholder`s ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.

The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.

After this Issue, the price of the Equity Shares may be highly volatile, or an active trading market for the Equity Shares may not develop.

The Issue price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our Equity Shares may decline below the Issue price and you may not be able to sell your Equity Shares at or above the Issue Price.

You will not be able to sell immediately on Stock Exchange any of the Equity Shares you purchase in the Issue until the Issue receives appropriate trading permissions.

QIBs and non-institutional investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting the Bid.

Sale of Equity Shares by our Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.