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Its business is operating under various laws which require it to obtain approvals from the concerned
statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect its business, prospects, results of operations and financial condition.
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The company Registered Office is not owned by it. The same is occupied by it on a lease basis. Disruption of its rights as lessee or termination of the agreements with the company lessor would adversely impact its operations and, consequently, its business.
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The company depends significantly on its clients from different industries and are highly dependent on the performance of their industry. A loss of, or a significant decrease in their business could adversely affect its business and profitability.
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The company does not own any vehicles for logistics services provided by it, the company depends significantly on its vendors to provide transport facilities. A loss of, or a significant decrease in services provided by its vendors could adversely affect the company`s business and profitability.
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Its business involves usage of manpower and any unavailability of the company employees or any strikes, work stoppages may have an adverse impact on its cash flows and results of operations.
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The company has collaborated as a Business Associates with one of the leading players of logistics industry. Any disruption in renewal of tie up agreement may adversely affect its business.
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Its business is operating under various laws which require the company to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect its business, prospects, results of operations and financial condition.
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The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
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The Company has a negative cash flow in its operating activities for the year ended on March 31, 2022, investing activities for the year ended March 31, 2023 and 2022 and Financing Activity for the year ended March 31,2024 and 2023 details of which are given below. Sustained negative cash flow could impact its growth and business.
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There were certain non-disclosures in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
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Its intellectual property rights may not be adequately protected against third party infringement and its business may be adversely affected if the company brand or reputation is damaged by third parties.
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There may be potential conflict of interests between the Company and other venture, or enterprises promoted by its promoters.
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The company operates in a highly fragmented and competitive industry and increased competition may lead to a reduction in its revenues, reduced profit margins or a loss of market share.
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Its business is highly dependent on technology and any disruption or failures of its technology systems may affect the company operations.
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The company is susceptible to risks relating to unionization of its employees or personnel employed by the company`s business partners.
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The company failures to perform in accordance with the standards prescribed in its client contracts could result in loss of business or payment of liquidated damages.
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Brand recognition is important to the success of its business, and the company inability to build and maintain its brand names will harm the company`s business, financial condition and results of operation.
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Its may not be able to realise the amounts, partly or at all, reflected in its Order Book which may materially and adversely affect the company`s business, prospects, reputation, profitability, financial condition and results of operation.
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Reliance has been placed on declarations and affidavits furnished by its Directors and Key Management Personnel for details of their work experience and qualification.
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Its success depends in large part upon the company qualified personnel, including its senior management, directors and key personnel and its ability to attract and retain them when necessary.
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Any disruptions which affect its ability to utilize the company transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
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The company depends on its business partners for the adequate and timely supply of assets necessary for its operations such as vehicles. Any shortage of vehicles for use in the company`s business may also result in additional costs.
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Significant security breaches in its computer systems and network infrastructure and fraud could adversely impact the company`s business.
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The company may not be able to pass on any increase in costs levied by its business partners to the company clients. Conversely, its may not be able to pass on any decline in prices the company charge its clients to the company`s business partners.
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Its business strategies and expansion plans may be subject to various unfamiliar risks and may not be successful.
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Misconduct or errors by manpower engaged by it could expose the company to business risks or losses that could adversely affect its business prospects, results of operations and financial condition.
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General economic and market conditions in India and globally could have a material adverse effect on its business, financial condition, cash flows, results of operations and prospects.
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Major fraud lapses of internal control or system failures could adversely impact the company`s business.
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The company may faces claims relating to loss or damage to cargo, personal injury claims or other operating risks that are not adequately insured.
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The company has entered into related party transactions in the past and may continue to do so in the future.
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The nature of its business exposes the company to liability claims and contract disputes and its indemnities may not adequately protect the company. Any liability in excess of its reserves or indemnities could result in additional costs, which would reduce its profits.
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The average cost of acquisition of Equity Shares by the Promoters may be less than the Issue Price.
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Delays or defaults in payments from its clients could result into a constraint on the company cash flows. The efficiency and growth of its business depends on timely payments received from the company clients.
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The company relies on the documentation provided by the consigner, and the contents of the goods transported by it are not completely verified by it, thereby exposing its to the risks associated with the transportation of goods in violation of applicable regulations.
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Its actual results could differ from the estimates and projections used to prepare the company financial statements.
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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.
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Any future acquisitions, joint ventures, partnerships, strategic alliances, tie-ups or investments could fails to achieve expected synergies and may disrupt its business and harm the results of operations and the company financial condition.
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Its future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
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Some of the KMPs is associated with the company for less than one year.
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There is no guarantee that its Equity Shares will be listed on the Stock Exchanges in a timely manner or at all.
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The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
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Negative publicity could adversely affect its revenue model and profitability.
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The company does not have documentary evidence for the educational qualification and experience of some of its directors.
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The requirements of being a public listed company may strain its resources and impose additional requirements and could impact the company`s business.
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Changing regulations in India could lead to new compliance requirements that are uncertain. The regulatory environment in which the company operates is evolving and is subject to change.
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There are restrictions on daily/weekly/monthly movements in the price of the Equity Shares, which may adversely affect a shareholders` ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
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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.
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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.
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The Issue price of its Equity Shares may not be indicative of the market price of the company Equity shares after the issue.
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Sale of Equity Shares by its Promoters or other significant shareholder(s) may adversely affect the Trading price of the Equity Shares.