Rapid Fleet Management Services Limited - IPO

1. Our business is dependent on the road network and our ability to utilize our vehicles in an uninterrupted manner. Any disruptions or delays in this regard could adversely affect us and lead to a loss of reputation and/ or profitability.

2. Our business is operating under various laws which require us to obtain approvals from the concerned statutory/regulatory authorities in the ordinary course of business and our inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for our business operations could materially and adversely affect our business, prospects, results of operations and financial condition.

3. There are outstanding legal proceedings involving our Company, Promoters and Directors. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.

4. Significant dependence of revenue on Full Load and Exim Services and impact of lack of experience in renewable transportation services.

5. Majority of our revenues are generated from the State of Tamil Nadu Any adverse development affecting our operations in this region could have an adverse impact on our business, financial condition and results of operations.

6. Our inability to pass on any increase in operating expenses, particularly fuel costs, to our customers which may adversely affect our business and results of operations.

7. Claims relating to loss or damage to cargo, personal injury claims or other operating risks that are not adequately insured may adversely affect our business, results of operations and financial condition.

8. Our Registered Office is not owned by us. The same is occupied by us on a rental basis. Disruption of our rights as tenant or termination of the agreements with our landlord would adversely impact our operations and, consequently, our business.

9. We rely on third party service provider for setting and maintenance of the Digitify TMS platform to handle the complete lifecycle of full truck operations, from indent creation to invoicing and any shortcomings in the services they offer could have an impact on our Company's operations.

10. Our business is highly dependent on technology and any disruption or failure of our technology systems may affect our operations.