1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
9. 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.
10. 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.