1. We derive a significant portion of our revenue from operations from our top ten customers, with our single largest customer contributing more than 17.39%, of our revenue from operations in the six months period ended September 30, 2024. Loss of any of these customers or a reduction in purchases by any of them could adversely affect our business, results of operations and financial condition.
2. We are dependent on the performance of industries in which our customers operate and fluctuations in the performance of such industries may result in a loss of such customers, a decrease in the volume of work we undertake or the price at which we offer our services.
3. Our success depends on our ability to generate sufficient volume of cargo and optimise revenue to achieve desired profit margins and avoid losses. Any failure on our part to achieve desired operating or net profit margins could have an adverse impact on our business, results of operations and financial condition.
4. We face significant competition from domestic and international shipping and logistic players which may lead to a reduction in our market share, which in turn may adversely affect our business, results of operations, financial condition and cash flows.
5. We are subject to various risks associated with transportation and we may face claims relating to loss or damage to cargo, personal injury claims or other operating risks that are not adequately insured.
6. Our success largely depends upon the knowledge and experience of our Promoters, Directors, Key Managerial Personnel and Senior Management as well as our ability to attract and retain personnel with technical expertise. Our inability to retain our Directors, Key Managerial Personnel and Senior Management or our ability to attract and retain other personnel with technical expertise could adversely affect our business, results of operations and financial condition.
7. Any disruptions which affect our ability to utilize our transportation network in an uninterrupted manner could result in delays, additional costs or a loss of reputation or profitability.
8. Our operations may be subject to strikes and work stoppages by our employees and are also susceptible to risks relating to compliance with labour laws, either of which could result in an increase in our employee benefits expense impacting our profitability.
9. Our cargo handling services are dependent on the ports and jetties on which we provide our services. Majority of these ports and jetties are situated across the west coast of India. Any adverse developments affecting our operations in such ports and jetties, could have an adverse impact on our business, financial condition, results of operations and cash flows.
10. Our Company has in the past committed procedural non-compliances in respect to GR Waiver Approval by the Foreign Exchange Management Act 1999 and RBI Master circular Master Direction No. 16/2015-16 dated January 01, 2016. However, no adverse actions have been taken by the statutory authorities in relation to such non-compliances.