The Company, its Directors, Promoters and Group Companies are parties to certain pending legal proceedings, and any adverse outcome could materially impact business and financial condition.

The Company reported negative cash flows in three of the last four reporting periods (9M FY26, FY24 and FY23); sustained negative cash flow could adversely impact operations and growth plans.

The Company's Registered Office, Corporate Office and Branch Offices are operated on leave-and-license basis; loss of such rights could disrupt operations and adversely affect financial performance.

The Company depends on third-party vendors for a significant portion of its transportation fleet via rental or trip-based leasing; disruptions or cost increases could impact service delivery and margins.

The Company derives a significant portion of revenue from top three states (Haryana, Tamil Nadu, Maharashtra) which contributed 41.77% of FY25 revenue; regional disruptions could materially affect performance.

The Promoters' average cost of acquisition of Equity Shares (Sanjay Kumar Rathi ₹4.34 and Renu Rathi ₹3.33 per share) is significantly lower than the Issue Price, which may affect investor perception of valuation.

The Company operates in a highly competitive logistics industry dominated by unorganized players; increased competition may lead to lower revenues, reduced margins or loss of market share.

Failure to deliver products on time could result in contractual penalties, loss of customers, and reputational damage, adversely affecting the Company's business opportunities and financial performance.

The Company's operations rely heavily on India's road network and uninterrupted use of its vehicles; any disruption, regulatory change or infrastructure issue could affect profitability and service delivery.

The Company does not own an integrated technology platform managing warehousing, inventory, transportation and operations; system failures of third-party tools could disrupt service delivery and damage client relationships.