Shipwaves Online Ltd IPO

Our Company has entered into certain related party transactions and may continue to do so in the future.

We do not verify the contents of the goods transported by us, thereby exposing us to the risks associated with thetransportation of goods in violation of applicable regulations.

There have been some instances of delayed filing of returns and depositing of statutory dues with regulatoryauthorities.

There are certain instances of delays in the past with ROC/Statutory Authorities.

Our lenders have charge over our assets in respect of finance availed by us.

Our Company does not have Custom House Agent (CHA) license in our name.

We have not entered into any long-term contracts with any of our clients.

We may be unable to meet certain obligations including timelines of delivery, due to which we could become liableto claims by customers, suffer adverse publicity and incur substantial costs as a result of deficiency in our services,which in turn could adversely affect our results of operations.

Impact of Red Sea crisis may have a sustained impact on companys operational performance and long-termgrowth.

There have been some instances of non-compliance with regulatory timelines.