The company does not have its own fleet and are heavily dependent on third party service providers (i.e. Small Fleet Owners and Agents) to effectively carry on its logistics operations.

Disruptions or failures in its information technology systems including cyber risks may affect the company operations.

The company generate its major portion of revenue from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

Its business is dependent on the road network and the company's ability to utilize vehicles in an uninterrupted manner.

An inability to pass on any increase in operating expenses, particularly freight and transportation costs, to its customers may adversely affect the company's business and results of operations.

The Company may not be able to deliver the consignment on timely basis due to Breakdown, mishaps or accidents, because of which its could become liable to claims by the company customers, suffer adverse publicity and incur substantial cost as result of deficiency in its service which could adversely affect its results of operations.

The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.

There are certain outstanding legal cases involving the Company in respect of outstanding income tax demand/TDS Defaults/others. Any adverse decision in these legal cases may have an adverse effect on its business and financial conditions.

The company does not own the Registered Office and most of the branch offices from which its carry out the company's business activities. In case of non-renewal of rent agreements or dispute in relation to use of the premises, its business and results of operations can be adversely affected.

Its failure to perform in accordance with the standards prescribed in its client contracts could result in loss of business or payment of penalties as per contract terms.