Sampark India Logistics Limited

This section provides an overview of the global economic outlook, detailing significant headwinds such as rising trade barriers and policy uncertainty, which are expected to slow global growth to its weakest pace since 2008. The analysis covers impacts on commodity prices, inflation, and financial markets, noting that global growth is projected to weaken in 2025 and 2026. Furthermore, the text discusses the challenges faced by Emerging Market and Developing Economies (EMDEs), including issues with income gaps, poverty, and the need for policy reforms to foster private investment and job creation.

The Indian economy showed strong growth in Q1 FY23, with nominal GDP estimated at Rs. 77.31 lakh crores (US$ 928.9 billion), driven by domestic demand and government focus on capital expenditure. India is viewed as a rapidly growing major economy with strong global prospects. Various government initiatives have been implemented across sectors to foster economic growth and development.

The Indian logistics sector is crucial for the country's economic growth, connecting various economic elements through transportation, warehousing, and supply chain solutions. The sector is characterized by dynamism, undergoing rapid evolution due to technological advancements, infrastructure enhancements, and governmental initiatives like GST and the National Logistics Policy (NLP). Various logistics solutions exist, ranging from point solutions like 1PL and 3PL to complex supply chain solutions like 4PL. Key advantages of efficient logistics include ensuring smooth supply chain operations, enhancing connectivity, reducing costs, fostering job creation, and improving economic integration. Despite this growth, the industry faces challenges such as infrastructure constraints, fragmented supply chains, regulatory complexity, last-mile connectivity issues, skill shortages, and security concerns.

The text discusses several aspects of the Indian logistics and transportation industry, highlighting challenges in the trucking sector, the push for sustainable practices in shipping, and the technological evolution within the sector. It details the impact of various transport modes like road, rail, and waterways, along with market projections and government initiatives aimed at improving infrastructure and trade. The sector is recognized as crucial for economic growth, and future growth is projected based on various market analyses.

The section details various aspects of the Indian logistics and transportation sector, including air connectivity, warehousing, and value-added services. It discusses the role of various transport modes, the growth of the Indian warehousing market, and the impact of technological advancements and government initiatives on the sector. Key trends highlighted include the adoption of green logistics technology, the rise of digital ecosystems, and innovations in AI, IoT, and robotics.

The warehouse and logistics sector in India has seen significant institutional investment, with the western region showing particular confidence in Tier II cities. The company, Sampark India Logistics Limited, operates as a carrying and forwarding agent providing comprehensive logistics solutions across the supply chain. The company offers integrated services including freight forwarding and warehousing for various industries. They operate a network of 50 branch offices across 18 states and utilize a fleet of 56 owned commercial vehicles for transportation. The core services involve managing the entire process from receiving and storing goods to final delivery.

The company details a comprehensive set of logistics services, including freight forwarding, warehousing, distribution, and supply chain management, offering an end-to-end solution. Their process flow covers various steps from receiving pick-up requests to final delivery at the destination. The company emphasizes its competitive strengths through expertise, commitment to quality standards (ISO certifications), building long-term client relationships, and providing a comprehensive solution for logistics requirements. Furthermore, they highlight a PAN India presence through numerous branch offices and a unique service called QSS (Quicker Smart Service) for same-day air delivery.

The company possesses an experienced management team, including an experienced promoter, to lead operational decisions in the logistics and transportation industry. The company maintains a reliable fleet and infrastructure to ensure dependable and punctual delivery services, supported by robust logistics infrastructure for efficient cargo management. They have a strong presence in the Indian market, enabling them to provide high-quality services aligned with global standards across the country. The company has established a quality management system compliant with ISO 9001:2015 and holds an ISO 45001:2018 certificate for Occupational Health and Safety Management. Their marketing strategy focuses on direct customer engagement, competitive pricing, and efficient customer service to build and retain long-standing relationships.

The provided text primarily details various insurance policies and associated documentation, including policy numbers, coverage periods, and insurance companies. It also outlines details regarding the company's infrastructure, noting that it does not own plant and machinery but utilizes 56 owned fleets for operations. Furthermore, the text lists numerous details concerning leased and rented properties, including the nature of the agreements, property areas, and lease tenures.

This section primarily details various agreements, primarily Rent Agreements, which are listed with specific dates, addresses, and parties involved. It also outlines the regulatory framework applicable to the company's business in India, mentioning various laws and regulations such as the Income Tax Act, GST Act, labour laws, and specific regulations concerning motor vehicles, warehousing, food safety, and legal metrology. The text emphasizes that the company must comply with these laws and that details regarding government approvals are provided in a separate chapter.

This section primarily outlines various Indian laws and regulations that apply to the company's operations, covering corporate, commercial, labour, and consumer protection aspects. It details several key acts such as the Carriage by Air Act, the Companies Act, the Competition Act, the Contract Act, the Consumer Protection Act, the Negotiable Instruments Act, and various labour laws including the Code on Wages, Minimum Wages Act, Payment of Bonus Act, and Equal Remuneration Act. Furthermore, it lists numerous other acts concerning documentation, arbitration, and social security, such as the Registration Act, Stamp Act, Industrial Disputes Act, and various codes related to employee compensation and harassment.

This section details a comprehensive overview of various Indian laws and regulations pertinent to business operations, covering contract labour, environmental protection, tax frameworks, intellectual property rights, foreign trade, and insolvency procedures. It outlines numerous acts and rules that govern different aspects of commerce, including rules for managing various types of waste, regulating pollution, and establishing procedures for investment and trade. The text also mentions specific provisions related to the registration and handling of goods, services, and the framework for resolving corporate insolvencies.

This section details various legal provisions related to the Information Technology Act, including provisions for electronic data interchange, filing, and digital signatures, as well as rules concerning the blocking of public access to information. It also outlines the company's history, including its incorporation and conversion from a Private Limited to a Public Limited Company. Furthermore, the text lists the main objects of the company, which involve comprehensive logistics services, including freight forwarding, warehousing, and acting as a custom agent. The document also covers amendments to the Memorandum and Articles of Association, and various disclosures regarding corporate structure, agreements, and past performance.

The definitions section identifies the company as Sampark India Logistics Limited, a public limited company incorporated under the Companies Act, 1956, with a registered office in Delhi. It specifies the details for various parties involved in the issuance process, including promoters, directors, and the process for investors to bid for equity shares. Key terms relate to the structure of the issue, such as the types of investors, the process for submitting applications, and the roles of various intermediaries and banks.

This section defines various terms related to the issuance process, including accounts, intermediaries, investors, and the issuance itself. It specifies requirements for accounts linked with UPI IDs and details the roles of Designated Intermediaries, such as brokers and registrars. It also outlines different categories of investors, such as FIIs, FPIs, and Individual Investors, and details the structure of the public issue.

This section primarily lists various legal and technical terms, abbreviations, and financial concepts used within the prospectus. It includes definitions for various acts, regulations, financial standards (like Ind AS and IFRS), and technical terms such as Business Process Management, Gross Value Added, and various financial metrics. It also specifies conventions regarding the use of geographical references, currency units, and the basis for financial data presentation.

This section provides definitions for various terms used in the prospectus, including currency conversions and disclaimers regarding industry and market data. It also includes forward-looking statements, cautioning investors that projections involve risks and uncertainties. The summary of the prospectus details the company's primary business as a carrying and forwarding agent providing comprehensive logistics solutions across the supply chain. The industry overview highlights the importance of the logistics sector in India's economic landscape. Furthermore, the section outlines the size of the issue, specifying the total and net issue amounts for the equity shares.

The Initial Public Offer was authorized by a Board resolution and a special resolution passed by the members. The issue involved offering equity shares for cash at a price of ₹84 per share. The offering was divided into various allocations, including portions for Market Maker Reservation, Qualified Institutional Buyers (QIBs), and Individual Investors, as well as Non-Institutional Investors. Specific provisions were made regarding the allocation of these portions, including reservations for Mutual Funds and various investor categories, subject to certain conditions under SEBI ICDR Regulations.

The document details various contingent liabilities, including guarantees and demands for GST and income tax, categorized by the period they relate to. It also lists numerous transactions with related parties, such as remuneration paid to directors, sale transactions, rent charges, and interest income. Furthermore, the section provides comprehensive information regarding the company's incorporation history, key personnel, and the list of intermediaries involved in the issuance process.

This section details various responsibilities and procedures related to the issuance process, including who investors should contact for queries and grievances. It outlines the roles of different entities such as the Book Running Lead Manager, the Registrar to the Issue, and various intermediaries. Furthermore, it specifies the process for filing the Draft Red Herring Prospectus with BSE Limited and the subsequent public disclosure requirements. The book-building process involves determining the price band in consultation with the Book Running Lead Manager, and various regulations govern the allocation of securities to different investor categories.

This section details the change in auditors for the company over the last three years, including the appointment and resignation dates, and the details of the underwriting arrangement for the issue. It specifies that the initial public offer will be underwritten for one hundred percent of the issue size, and the Book Running Lead Manager is permitted to underwrite at least fifteen percent of the issue size on their own account. Furthermore, it outlines a Market Making Agreement with a nominated Market Maker for a specified period, detailing various obligations and conditions related to the trading of the equity shares.

This section details the authorized and issued equity share capital, including various components such as the initial issue, subsequent paid-up capital, and the net issue to the public. It also outlines the history of changes to the authorized share capital over time, showing increases up to 1,30,0 equity shares. Furthermore, the text provides a shareholding pattern, indicating that the promoters hold a significant majority of the equity shares. It also clarifies that the company does not have preference share capital and has not issued equity shares for consideration other than cash.

The section details the promoter shareholding structure, showing that the promoters collectively held 97.77% of the post-IPO issued equity share capital. The details of the shareholding breakdown are provided for both the individual promoters and the promoter group. Furthermore, the document outlines various lock-in provisions related to the promoters' contribution, specifying different lock-in periods for various portions of the shares held. It also confirms that no equity shares held by the promoters are subject to any pledge.

The section primarily outlines various undertakings and confirmations made by the company regarding financing and capital structure. It confirms that no financing arrangements were entered into by promoters or their group within the preceding six months and assures that no further capital issues will occur during a specified period. Furthermore, the company commits to using only one denomination for equity shares and complies with relevant accounting norms. The text also details the structure of a proposed issue, including the utilization of funds and the expected working capital requirements.

The Net Proceeds from the issue are to be utilized for general corporate purposes, with a portion amounting to 14.70% of the amount raised being deployed for such purposes, subject to a limit of ₹1,000 Lakhs or 15% of the amount raised, whichever is less. The utilization of funds towards these purposes will be determined by the Board of Directors based on available amounts and business requirements. Various expenses related to the issue, such as fees for various intermediaries and market makers, are detailed, showing their percentage contribution to the total issue size. Furthermore, the basis for determining the issue price involves market demand assessment and quantitative factors derived from restated financial statements.

This section details various financial metrics, including Price to Earning (P/E) Ratios, Return on Net Worth (RoNW), Net Asset Value, and comparisons with industry peers. It provides historical performance data for the company's financial KPIs, including income, profitability, and leverage ratios, across different periods. Furthermore, it outlines the methodology for calculating these Key Performance Indicators (KPIs) and clarifies the limitations regarding the comparability of these metrics with other companies.

The section discusses rules regarding secondary sales and acquisitions of equity shares by promoters, promoter group members, or shareholders, defining thresholds for reporting. It specifies that no such transactions were reported under certain criteria. Furthermore, it details various weighted average cost of acquisition figures for different types of transactions, including primary and secondary ones. The section also covers details related to the issue price and cap price in relation to these weighted average costs, and includes a statement on possible special tax benefits for the company and its shareholders.

The provided section primarily discusses the tax benefits available to the company and its equity shareholders. It states that the company is not entitled to any specific indirect tax benefits, nor are the equity shareholders entitled to any specific indirect tax benefits related to investments in the company's equity shares. The document includes several notes clarifying that these statements are for general information only, are subject to change based on applicable tax laws and interpretations, and do not constitute legal or tax advice.

This section presents the Independent Auditor’s Examination Report on the Restated Standalone Financial Information of Sampark India Logistics Limited, covering nine months ended December 31, 2025, and financial years ending March 31, 2025, 2024, and 2023. The report details the examination process, reliance on various audit reports, and the final approval of the financial statements by the Board of Directors for inclusion in the Draft Red Herring Prospectus. The report confirms that the financial statements were prepared in accordance with various legal requirements and accounting standards, including retrospective adjustments for changes in accounting policies.

This section provides the Statement of Profit & Loss and Cash Flow statements for the company for four consecutive years, covering periods ending March 31st, 2023, to March 31st, 2025, and the corresponding fiscal year ending December 31st, 2025. The Profit & Loss statement details revenue, expenses, and various profit components, while the Cash Flow statement breaks down cash movements from operating, investing, and financing activities. The text also includes significant accounting policies regarding the preparation of financial statements under Indian GAAP.

This section details various accounting policies, disclosures, and reconciliation statements related to the financial statements. It covers aspects such as asset impairment, provisions for doubtful debts, contingent liabilities, earnings per share calculations, cash flow reporting methods, GST liability adjustments, CSR expenditure, and previous year's figure recasting. It also includes various compliance confirmations regarding borrowings, related party transactions, and the utilization of borrowed funds. Furthermore, it provides details on foreign currency transactions, imports, dividends, and cryptocurrency trading, along with the structure of CSR spending.

This section details various aspects of the company's operations, including CSR obligations, share capital structure, and borrowings. It outlines the company's planned CSR spending for future financial years, the status of contracts, the structure of equity shares, and the details of long-term borrowings from various banks and non-banking finance companies.

This section details various borrowings and payables of the company across different periods. It lists several unsecured loans from various banks and non-banking finance companies, along with details on term borrowings. Furthermore, it provides a breakdown of trade payables, separating dues for MSME creditors from other creditors, and notes on the aging schedule for these liabilities.

This section details various financial statement components, including provisions, assets, receivables, cash, and revenue figures across different periods. It provides breakdowns for trade payables, other current liabilities, short-term provisions, fixed assets, non-current investments, trade receivables, unbilled revenue, cash balances, loans and advances, and various revenue streams. The data is presented with comparative figures for different fiscal years ending March 2023, March 2024, and December 31, 2025.

This section provides detailed financial statements covering operational expenses, employee benefit expenses, other expenses, depreciation, financial charges, extraordinary items, and provisions for taxation. It also includes metrics such as EBITDA margin, Return on Net Worth, and various working capital and profitability ratios. The data is presented for different periods ending on December 31, 2025, and for the years ending March 31, 2025, 2024, and 2023. Furthermore, the statement details the capitalization structure, including debt levels and shareholder funds, along with various performance ratios.

This section details the Statement of Tax Shelter for the company, presenting various financial figures for different periods, including Profit Before Tax, tax adjustments, and resulting taxable income. It also provides statements for Fixed Assets as of various dates, including December 31, 2025, March 31, 2025, and March 31, 2024. The data includes comparisons between periods and notes on asset ownership and work in progress.

This section details related party transactions, contingent liabilities, and summaries of the consolidated financial statements for the period ended March 31, 2023. It outlines various transactions involving directors and related entities, including payments, fees, and loans. Furthermore, it presents the consolidated Profit and Loss statement, showing revenue, expenses, and various profit components for the year ended March 31, 2023.

This section details the consolidated statement of cash flows, financial indebtedness, and various loan agreements for the company as of December 31, 2025. The cash flow statement shows operating cash generation, investing activities resulting in significant cash outflows for fixed asset purchases, and financing activities involving borrowings and repayments. The financial indebtedness section lists various secured and unsecured loans, including fund-based and non-fund-based working capital limits, along with details on term loans for vehicles and various loan agreements with HDFC Bank.

This section primarily details the financing arrangements of the company, including various secured and unsecured loans from different financial institutions, with specific details on the amount, tenure, interest rates, and outstanding balances as of December 31, 2025. It also mentions further secured loans availed after this date. The text also provides a business overview, describing the company's operations as a carrying and forwarding agent providing comprehensive logistics solutions across the supply chain. The company operates as a Pan-India logistics provider through a network of 50 branch offices and utilizes a fleet of 56 commercial vehicles for FTL and LTL services.

This section presents a detailed breakdown of the company's financial performance, including profit and loss, income statement, and balance sheet metrics for various periods. Key figures for the period ended December 31, 2025, are provided, alongside comparisons to previous fiscal years. The data includes revenue, profitability metrics, borrowings, and net worth figures, which are certified by the statutory auditor.

This section details various financial metrics and cash flow activities for the company across different fiscal years. It includes figures for depreciation, financial charges, and provisions for taxation, alongside comparative analysis of income and expenditure. The cash flow statement provides a breakdown of cash generated or used from operating, investing, and financing activities for the periods ending December 31, 2025, March 31, 2025, and March 31, 2024, and March 31, 2023.

This section covers various disclosures related to the company's operations, including the extent of revenue changes, the nature of its business segments, and recent developments concerning loans. The company operates as a carrying and forwarding agent providing comprehensive logistics solutions across various industries. Furthermore, the company has disclosed details of further secured loans availed after December 31, 2025.

Investors should be aware of several risks associated with the company, including pending legal proceedings involving the company, its directors, and promoters, which could negatively impact business operations. The company has experienced negative cash flow in recent fiscal periods, which poses a risk to its ability to operate and implement growth plans. Furthermore, the company's reliance on third-party service providers for transportation vehicles creates operational risks related to availability, cost, and service quality. Revenue is heavily dependent on specific geographical regions, making the business vulnerable to economic downturns, regulatory changes, and natural calamities. The company also faces intense competition in the logistics industry and risks related to the reliability of the road network.

The company faces several risks related to its reliance on external technology for operations, which could disrupt day-to-day functions like inventory and logistics. There is a risk associated with timely product delivery, which could lead to contract breaches and reputational damage. Furthermore, the company's revenue is heavily dependent on a small number of major customers, making it vulnerable to their loss or changes in purchasing patterns. Insurance coverage is questioned, posing a risk of material losses if claims are not fully honored. There are concerns regarding employee misconduct and errors, including past fraud incidents, and the protection of intellectual property rights. The company also has unsecured loans that could be recalled, and its success depends on retaining skilled manpower and managing working capital effectively. Finally, the business is exposed to broader economic and market volatility.

The prospectus details several risks related to related party transactions, which may have been entered into with promoters, directors, and group companies. There is a concern that such transactions might have been favorable, and there is no assurance that they will not negatively impact the business or financial condition. Furthermore, the company faces risks related to customer satisfaction and the potential for negative publicity due to service defects. The ability to pay future dividends is contingent upon various financial factors, and the company's brand recognition is deemed critical to its success. Risks also include potential conflicts of interest arising from shared business objects with promoter group entities, and the inability to manage growth effectively. Finally, there are concerns regarding the company's indebtedness, the potential for future borrowing, and the impact of restrictive covenants on its operations.

The company has faced several instances of delayed filings and deposits of statutory dues with regulatory authorities, including GST, EPF, and ESIC returns. These delays have been attributed to various reasons such as reconciliation issues, technical issues, site non-functionality, HR leave, and the impact of the Covid-19 pandemic. The company has implemented corrective measures, including enhancing internal monitoring systems and engaging compliance professionals, to streamline these processes.

The provided text details various instances of delayed filing or payment of GST returns across different Indian states and fiscal years. These delays were attributed to administrative issues, technical glitches, or the impact of the Covid-19 pandemic. The data shows a recurring pattern of delays, with the reasons varying from administrative issues to technical problems, and the number of days delayed also showing significant variation.

The provided data details various delays and issues across different states and financial years, primarily categorized into administrative delays, reconciliation issues, and issues related to the Covid-19 pandemic. Several states experienced delays in filing GST returns, while others faced reconciliation problems with tax filings. Furthermore, some instances point to issues with site functionality, and a significant number of filings were impacted by the Covid-19 pandemic.

The prospectus details several risks related to compliance, industry data, and the issuance of equity shares. Risks include potential delays in regulatory filings, the unreliability of industry reports, and the possibility of future regulatory changes impacting operations. Furthermore, investors face risks concerning the deployment of funds, the inability to list shares on the SME platform, and market volatility affecting the issue price and trading. There are also concerns about the enforceability of shareholder rights under different jurisdictions and currency fluctuation risks.

The company faces significant risks stemming from various external factors, including public health crises like COVID-19, which can cause economic disruption and operational challenges. Economic uncertainty, such as slowdowns in the Indian economy, is a concern as it can negatively impact demand and financial performance. Furthermore, changes in laws, regulations, and tax laws pose risks to business performance, including potential new requirements or increased tax liabilities. Inflation in India is highlighted as a threat to profitability due to increased costs, while political instability and potential terrorist attacks can affect markets and business sentiment. Finally, risks related to the Indian financial system, foreign investment restrictions, and changes in accounting standards are also noted.

The section outlines the criteria for considering litigation as material, which involves thresholds based on turnover, net worth, and average profit or loss. It details various pending legal proceedings, including criminal, tax, statutory, and disciplinary actions against the Company, Promoters, and Directors. Specific details are provided regarding numerous pending tax cases across different states and various amounts, including demands raised by GST authorities, and various proceedings under the Income Tax Act. There are no outstanding actions by statutory or regulatory authorities, and no outstanding dues from EPF or ESI.

This section details numerous legal proceedings involving Sampark India Logistics Pvt. Ltd. as a complainant against various entities, including companies, firms, and individuals, across criminal and civil domains. The proceedings cover various types of disputes, including cheque dishonors under the Negotiable Instruments Act, civil recovery suits for unpaid transportation services, and disputes related to fraud. The cases are pending at various stages, such as 'Notice', 'Warrant', 'Evidence', and 'Appearance', with scheduled hearings extending into 2026.

The section details several civil lawsuits filed by Sampark India Logistics Pvt. Ltd. against various parties concerning the non-payment of transportation service dues. These include disputes with M/s. Kiran Udyog Private Limited, M/s. KMD Merchants, M/s. Natesan Precious Components Pvt. Ltd, M/s. Ridhi Sidhi, M/s. R.R Autotech Private Limited, M/s. Shrikop Exims, M/s. TI Metal Forming, M/s. VKC Nuts Pvt. Ltd, M/s. ANC Life Style Pvt. Ltd, M/s. Crew Box Packaging Pvt. Ltd, and M/S Melanga Exports. The disputes generally revolve around the failure of the defendants to settle outstanding invoices for services rendered, with the plaintiff seeking recovery of various amounts plus interest. The section also provides a summary of pending tax cases involving the directors, including Income Tax demands against Mr. Sanjay Kumar Rathi.

The section details several past and pending demands raised by various parties under the Income Tax Act, including demands against Mr. Sanjay Kumar Rathi, which are currently pending or have resulted in appeals. It also lists a criminal proceeding filed by Sh. Himanshu Anand under the Negotiable Instruments Act, concerning a friendly loan default. Furthermore, the section outlines various approvals received by the company, including those related to the issue of securities, incorporation, and various GST registrations across different Indian states. Finally, it lists registrations under the Employees' Provident Fund and Employee State Insurance Acts.

This section primarily lists various registrations and certificates obtained by the company across different states and under various laws, including Employee State Insurance, Udyam registration, and Professional Tax registrations. There is a significant number of professional tax registrations listed for different states, with various validity periods specified. Furthermore, there is an extensive list of shop and establishment licenses obtained across numerous locations within different states, covering various acts such as the Shops and Establishments Act and others.

This section details various regulatory and licensing activities undertaken by the company, including the issuance and cancellation of various types of registrations, such as Shops and Establishments certificates under different state laws. It also lists numerous applications made for various licenses, including Shops and Establishment Licenses, GST registrations, and Professional Tax, across different states. Furthermore, the company is in the process of updating its name in certain licenses.

The section details various authorizations and confirmations related to the fresh issue of equity shares, including resolutions passed by the Board and shareholders. It confirms that the company has received in-principle approval from BSE to use its name for the listing on the SME Platform. Furthermore, it confirms compliance with various regulations regarding promoter access to the capital market and the company's status as an 'Unlisted Issuer' and an 'Initial Public Issue'. The text also outlines several confirmations related to underwriting, filing procedures, and eligibility criteria under SEBI (ICDR) Regulations.

The section primarily focuses on the confirmation by the Lead Merchant Banker regarding the compliance of the prospectus with various legal requirements and regulations. It includes confirmations that material legal requirements have been complied with, that disclosures are true and fair, and that certain agreements related to the issue have been made. Furthermore, it details compliance with regulations concerning promoter contributions and the issuance of shares in dematerialized form. The section also addresses arrangements for receiving promoter contributions and ensuring the funds are handled appropriately.

The section details various regulatory consents and procedures related to the issuance process. It confirms that necessary roles like Lead Manager and Registrar have been obtained as required by the Companies Act, 2013, and that certain reports, such as those from Statutory Auditors, have been consented to be included in the Prospectus. Furthermore, it clarifies that the company is an 'Unlisted Issuer' and the issue is an 'Initial Public Offering' under SEBI (ICDR) Regulations. The text also outlines mechanisms for investor grievances, including the appointment of a Compliance Officer and procedures for addressing complaints.

The section details various compliance requirements and procedures related to the issuance of equity shares under SEBI (ICDR) Regulations. It outlines the company's obligation to comply with all SEBI disclosure and accounting norms. The text specifies requirements for the trading of equity shares in dematerialized form and details agreements signed with Depositories and the Registrar to the Issue. Furthermore, it sets minimum contract sizes for trading and specifies rules regarding the minimum number of allottees. The section also covers provisions related to nomination facilities and various timelines for the subscription process.

The section discusses various regulatory considerations related to the issuance of equity shares, including restrictions on participation by Overseas Citizen of India (OCBs) and clarifications from the RBI regarding investments by such entities. It also outlines rules for the transfer and transmission of equity shares, stating that there are generally no restrictions beyond the lock-in of pre-issue capital. Furthermore, the text details requirements for the issuance of securities in dematerialized form and mandates the use of depository accounts for applications. The section also covers criteria for migration from the SME platform to the Main Board, including various financial, market capitalization, and liquidity metrics.

This section details various aspects of the issue process, including the allocation of shares to different investor categories and the procedures for bid submission. The issue is governed by Chapter IX of the SEBI (ICDR) Regulations, 2018, and involves a book-building process. Specific provisions exist for reserving portions of the issue for Anchor Investors, domestic Mutual Funds, Life Insurance Companies, and Pension Funds, with certain allocations changing effective November 30, 2025. Furthermore, the text outlines rules regarding joint bids and the process for handling undersubscription across different investor categories.

This section details various requirements and procedures related to the bidding process, including the format of bid forms, the necessary documentation for bidders, and the process for submitting bids to designated intermediaries. It outlines rules regarding the required details in bid forms, the handling of electronic submissions, and the procedures for accepting and processing bids, including fund availability checks.

This section details various restrictions and eligibility criteria for different categories of investors participating in the public issue, including Mutual Funds, Eligible NRIs, HUFs, FPIs, Banking Companies, SCSBs, SEBI Registered Venture Capital Funds, and Insurance Companies. It outlines specific rules regarding investment limits, required documentation, and participation terms for each investor type. Furthermore, it specifies rules for Anchor Investors, including bid minimums, allocation limits, and lock-in periods for the allotted shares.

This section details various procedural requirements and rules governing the issuance process, including who is permitted to participate and how applications must be made. It outlines procedures for the Designated Stock Exchange to send lists of bidders and issue contracts, specifies rules for the Application Supported by Blocked Amount (ASBA) process, and defines terms for payments and bid withdrawal. Furthermore, it covers electronic registration methods, responsibilities of various intermediaries, and rules regarding the public announcement of the issue.

This section details numerous instructions and prohibitions related to the submission of Bid cum Application Forms for the public issue, covering various aspects such as document requirements, payment methods, and compliance with regulations. It outlines specific requirements for demographic details, signatures, and the handling of funds, including rules against using third-party accounts or non-compliant forms. Furthermore, it specifies procedures for handling bid submissions, acknowledgments, and the timelines for allotment and listing processes.

This section details various procedural aspects related to the allotment process, including handling bids from different categories like Mutual Funds and QIBs, and the process following the closure of the bidding period. It outlines steps for validating bids, identifying mismatches, and the subsequent steps for generating the final list of allotees, including the use of drawl numbers by the Designated Stock Exchange. Furthermore, it covers the requirements for allotment to Anchor Investors, including restrictions on the portion allocated and conditions for allocation based on the value of the issue. The text also specifies undertakings by the company regarding the timely completion of listing formalities and the handling of funds received from the issue.

The section details the agreements signed with Depositories and the Registrar for the dematerialization of equity shares, including agreements dated September 04, 2024, and January 31, 2025. It also outlines various provisions regarding the restrictions on foreign ownership of Indian securities, referencing the Industrial Policy, 1991, and FEMA regulations. Furthermore, the text discusses the role of the RBI in regulating foreign investment and the issuance of fresh shares to non-resident persons, as well as the regulations concerning the transfer or issue of securities by persons resident outside India.

This section details various provisions related to the transfer, call, and forfeiture of shares, as well as procedures for the Board and general meetings. It outlines rules for how proceeds from share sales are handled, the process for making calls on members for unpaid amounts, and the consequences for non-payment, including interest accrual. Furthermore, the text covers procedures for the transfer of shares, the Board's power to decline certain transfers, and the handling of shareholder death or insolvency. It also specifies procedures for the forfeiture of shares upon non-payment and the subsequent rights of the former member.

This section primarily outlines various procedural rules concerning voting, proxy appointments, the composition and powers of the Board of Directors, and the handling of company instruments and accounts. It details rules for joint holders' votes, procedures for dealing with members of unsound mind, and requirements for depositing proxy instruments. Furthermore, it specifies the Board's power regarding the keeping of foreign registers and the execution of negotiable instruments. The text also covers provisions related to the appointment and powers of key managerial personnel, the conduct of Board meetings, and the procedures for dividends and reserves.

This section details various material contracts and documents that have been entered into or are planned for entry by the company, which are subject to inspection. Material contracts include agreements with various parties such as the Book Running Lead Manager, Registrar to the Issue, NSDL, CDSL, and Underwriters, dating from September 2024 to June 2026. The section also lists material documents such as the Memorandum and Articles of Association, various Board Resolutions, Audited Financial Statements, Peer Review Auditors Reports, and a Statement of tax benefits. Furthermore, it mentions consents from numerous professionals and an in-principle listing approval from the BSE.

The provided section consists entirely of various declarations certifying compliance with relevant provisions of the Companies Act and various regulations issued by the Government of India and the Securities and Exchange Board of India. These declarations are signed by different directors and officers of the company, affirming the truth and correctness of the statements made in the Prospectus. The text serves as a formal assurance regarding adherence to statutory requirements.

The section details the pre-issue shareholding of the company's promoters and a promoter group, showing that Sanjay Kumar Rathi held a significant portion of the shares. The promoter group includes Renu Rathi, and the total promoter and promoter group holding amounted to 97.78% of the company's shares. Various details regarding the financing arrangement, related party transactions, and the nature of the issue of equity shares are also provided.

The company has five directors on its Board, including one Managing Director and one Executive Director, along with three Non-Executive Directors, two of whom are Independent Directors. The key personnel details include the Managing Director, Sanjay Kumar Rathi, and the Executive Director, Renu Rathi. The Board structure is governed by provisions of the Companies Act, 2013, and various policies regarding insider trading and related party transactions are in place. Compensation for the Managing Director and Executive Directors is subject to specific terms and ceilings.

The management section details various aspects of the company's board structure, including director appointments, remuneration, and committee compositions. It outlines the terms of appointment for the Executive Director, the fees for Non-Executive Directors to attend meetings, and the shareholding status of the directors. Furthermore, it describes the constitution and scope of the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders’ Relationship Committee, as mandated by relevant laws and regulations.

The document outlines various committee functions and details about the Key Managerial Personnel and Senior Management of the company. It specifies the terms of reference for the Stakeholders Relationship Committee and discusses the applicability of the Corporate Social Responsibility Committee based on the company's net profit. Key managerial personnel include the Managing Director, CFO, and Company Secretary/Compliance Officer, along with several Senior Management personnel, and details regarding their appointments and changes over the last three years. Furthermore, it details the promoter group's shareholding and provides information on various restrictions concerning key management personnel.

The management section introduces Mrs. Renu Rathi as a Promoter and Executive Director of the company, providing personal details such as her age, educational qualification, occupation, nationality, and address. The document confirms that there has been no change in the company's control within the preceding five years. Furthermore, the section details the interests of the promoters, including their interest in the company's promotions, property acquisitions, and shareholding. It also includes confirmations that no payment or benefit has been made to the promoters in the last two years and that no material guarantees were provided to third parties.

The section details the structure and relationship of the company's group companies, specifically mentioning Arch Corporate Advisors Private Limited. This entity is described as having various consulting activities and undertaking corporate restructuring, auditing, and investment work. The document confirms that the group companies do not have any interest in the promotion of the company, nor are they interested in properties acquired by the company or transactions related to plant acquisition or construction. Furthermore, there are no other business transactions between the company and the group companies, and no common pursuits or conflicts of interest have been disclosed.

This section serves as a directive to readers seeking details on related party transactions. It directs them to a specific section within the Prospectus for information concerning transactions during the restated audit period, which is defined as the nine months ended December 31st, 2025, and for the financial years ending March 31st, 2025, March 31st, 2024, and March 31st, 2023.

The company does not have a formal dividend policy for equity shares. Final dividends require a recommendation by the Board of Directors and approval by a majority of members at the Annual General Meeting, subject to the provisions of the Articles of Association and the Companies Act, 2013. Members have the right to decrease, but not increase, the dividend amount recommended by the Board of Directors. The Articles of Association also grant the Board of Directors discretion to declare and pay interim dividends. Dividends can be paid from current year profits, undistributed profits or reserves from previous fiscal years, or both, after accounting for depreciation as per the Companies Act, 2013. The declaration and payment of dividends depend on various factors including operational results, earnings, capital requirements, surplus, financial conditions, legal restrictions, contractual obligations, and restrictive covenants.