1. The Company does not own the premises through which its conduct the company's business operations.
2. Its business heavily relies on the expertise and guidance of the company's Directors and Key Managerial Personnel to ensure sustained success. The loss of any of them could have a significant impact on the company.
3. There is outstanding litigation pending against its Promoters which, if determined adversely, could affect the company's business, results of operations and financial condition.
4. The company does not own any technology for operating its business and currently the company relies on the technology provided by its client. Further any disruption or failures of technological systems may affect its operations.
5. The company depends on its top customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company major customers may adversely affect its business, financial condition, results of operations and prospects.
6. The Company has negative cash flows from its operating, investing and its financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact on its growth and business.
7. Its contingent liabilities as stated in the company Restated Financial Statements could adversely affect its financial conditions.
8. The company depends on third parties to acquires vehicles utilized in its transportation operations. Further, market instability, including changes in fuel costs may adversely impact the company's operations and financial performance.
9. The restated financial statements have been provided by peer reviewed chartered accountants who are not statutory auditors of the Company.
10. Its top five states contribute its major revenue for the period ended June 30, 2024, and year ended 31st March 2024, 2023, 2022. Any loss of business from one or more of these states may adversely affect its revenues and profitability.