Jayesh Logistics Limited

This section provides an overview of the industry outlook, highlighting that the global economy is at a critical juncture amid shifting government policies and escalating trade tensions. It discusses the impact of these shocks on global growth forecasts, noting downward revisions, particularly for emerging markets. The text further details the specific economic situation in India, noting its strong growth drivers, export performance, and future expectations for infrastructure spending. It also covers market size statistics for India and its commitment to renewable energy goals.

The provided text discusses various aspects related to the Indian economy, government initiatives, and the logistics industry. It covers economic performance indicators, government policies aimed at boosting growth, and the transformation of the logistics sector. Key points include growth in exports, various investment figures, government schemes like 'Make in India', and efforts to improve logistics through infrastructure development and technological integration.

The company operates in the logistics and supply chain management industry, primarily providing freight services using road transportation like trucks and railways, along with non-freight services such as loading, unloading, truck hiring, custom clearance, and machinery hire. The company handles both domestic and cross-border consignments and offers end-to-end solutions to meet various client supply chain needs. They are certified under ISO 9001:2015 and ISO 14001:2015, and their operations are supported by an in-house fleet of 95 heavy material and cargo handling trucks. The company focuses on dominant routes in Eastern India, managing cargo movement from Kolkata and Haldia port to the hinterland, and possesses decade-long experience in the Indo-Nepal logistics corridor.

The company specializes in the transportation of goods using both flat bed and side-walled captive fleets of 18-Wheeler trucks across various industrial sectors. They operate on routes, including the Indo-Nepal corridor, and utilize advanced technology like a customized software named “SMART-SYS” to optimize logistics. The company generates revenue through various freight services, including road freight, hired fleet services, truck forwarding, and non-freight services such as railways, shipping, and customs clearance. Their services involve detailed processes from customer enquiry to consignment delivery, and they operate from an office in Kolkata, serving clients across India and into Nepal.

The company sources trucks directly from OEMs and prepares the bodies from established fabricators based on the vehicle's application. The company operates a captive hub at Durgapur Station and maintains an in-house team for daily maintenance and upkeep of its fleet. Vehicles acquired from 2022 are covered by Annual Maintenance Contracts with Tata Motors to ensure high uptime. The company follows a strict process for transhipment of cargo during breakdowns to minimize delays. The company has offices in Kolkata, including a Registered Office and a Corporate Office. Financial performance shows strong revenue growth, with revenue from operations increasing significantly over the years. The company's revenue is heavily dependent on Freight services, which constituted a large percentage of revenue in earlier years.

The company is developing technology, specifically the SMART-SYS software, to enhance operational efficiency and brand image by delivering customer-friendly and cost-effective services. Its competitive strength lies in deploying SMART-SYS, an integrated logistics IT solution that combines core operational systems like ERP and fleet tracking with customer-focused tools such as AI-driven CRM and payment integrations. The system is designed to eliminate manual inefficiencies and support real-time data tracking across various industries. The company caters to a wide range of end-market customers across diverse industrial sectors, holds quality certifications, and has experienced senior leadership in the industry.

The company details several operational aspects, including utility requirements, insurance coverage, and property arrangements. The company confirms it does not generate hazardous industrial effluents. It relies on commercial fuel stations for transportation needs and utilizes specialized IT and accounting software for daily operations. Furthermore, the company operates in a highly competitive logistics market, facing competition from several listed entities, and uses word-of-mouth and customer references for marketing. The company has insurance against its owned vehicles and has entered into a lease agreement for its corporate office.

The company's business operations in India are governed by various central and state legislations covering aspects such as industry-related laws, employment laws, intellectual property laws, foreign investment regulations, taxation laws, and other miscellaneous laws. These regulations mandate compliance with various acts concerning motor vehicles, labor welfare, trademark protection, foreign exchange controls, and tax provisions. The text details numerous laws, including those related to contracts, insurance, worker welfare, and the framework for resolving corporate insolvencies.

The company was originally incorporated on May 10, 2011, as a Private Limited Company. It later converted to a Public Limited Company on July 22, 2024, and changed its name to "Jayesh Logistics Limited," with a fresh certificate issued on August 13, 2024. The initial subscribers included Sanjay Kundaliya, Navita Kundaliya, Bishnu Kumar Bajaj, Rashmi Bajaj, RHMB India Private Limited, and Rishi Maheshwari as promoters. The company has undergone several amendments to its Memorandum of Association, including changes to authorized and issued share capital, and additions to object clauses related to software development and data analytics. The company has received various ISO certifications and awards over the years.

This section defines various terms and abbreviations used throughout the Prospectus. It specifies that certain terms have meanings ascribed to them under various legislation, including the SEBI ICDR Regulations 2018 and the Companies Act 2013. It defines terms related to the company, including its legal name, registered office, and key personnel. It also lists the statutory auditors and the banker to the company.

This section details the various terms related to the issuance of securities, including the general information document requirements and the structure of the issue. The initial public offering involves offering equity shares for cash at a specific price, and the process is governed by various agreements and regulatory circulars. Key aspects include the pricing mechanism, the different investor categories, and the procedures for accepting applications.

This section primarily serves as a glossary or list of abbreviations and technical terms used throughout the Draft Red Herring Prospectus (DRHP). It defines various financial, regulatory, and industry-related terms, such as different accounting standards, financial instruments, and legal acts. It also lists various entities and concepts relevant to the business operations and the regulatory framework under which the company operates.

This section outlines various conventions regarding the use of financial information, currency, and time references within the Prospectus. It specifies that references to India pertain to the Republic of India and its territories, and that certain terms refer to the Government of India or State Governments as applicable. The company's references to itself are to Jayesh Logistics Limited, and numerical information is presented in 'lakhs' units, where one lakh equals 1,0. The financial data is derived from Restated Financial Statements, and there are noted differences between Indian GAAP, U.S. GAAP, and IFRS, with no reconciliation provided. Furthermore, percentage amounts are calculated based on Indian GAAP financial statements, and discrepancies in tables are attributed to rounding off.

This section discusses the nature of forward-looking statements used in the Prospectus, which are subject to risks, uncertainties, expectations, and assumptions that may cause actual results to differ materially from what is suggested. The text lists numerous risks, including regulatory changes, economic conditions, market volatility, and operational challenges. It further cautions investors not to place undue reliance on these statements as guarantees of future performance. Finally, it states that the Company, Promoters, and the Book Running Lead Manager will ensure that Indian bidders are informed of material developments until listing and trading permission is granted.

This section details the capital structure of the company as of the date of the Prospectus, outlining the authorized, issued, and paid-up equity share capital. It specifies various components of the issue, including fresh issues to the public, market maker portions, and allocations to individual, non-institutional, and qualified institutional buyers. Furthermore, it provides a history of changes to the authorized and paid-up capital, as well as details regarding the allotment of various types of shares, including bonus issues and private placements.

The section details the shareholding pattern of the company as on the date of the Prospectus, showing a breakdown across various categories. The Promoter and Promoter Group collectively hold 97.57% of the issued equity shares. The data also provides information on the build-up of shareholding by the Promoters since incorporation, including various allotments and transfers over time. Furthermore, the section confirms that all equity shares held by the Promoters are in dematerialized form.

This section details various transactions involving the allotment and transfer of equity shares, including events such as allotment in rights, bonus issues, and transfers to specific individuals. It outlines provisions regarding promoter contributions, including a lock-in period for a significant portion of the post-issue capital. Furthermore, the text confirms that no promoter shares have been pledged and specifies conditions related to the issuance of equity shares, such as the use of the Book Building Method and requirements under SEBI (ICDR) Regulations.

The company intends to raise funds through a public issue, with the net proceeds designated for several purposes. The utilization plan allocates a significant portion of the funds towards purchasing side wall trailers, funding working capital requirements, implementing a new logistics application phase, and covering general corporate purposes. The company emphasizes that the fund requirements are based on management estimates and are subject to change due to various external factors. Furthermore, the company details the financing arrangements for the side wall trailer purchase, including bank sanction letters, and notes that the actual cost and supply may vary.

This section details the financial structure, funding patterns, and proposed utilization of proceeds from the issue. The company's working capital requirements have shown an increasing trend, necessitating funding through various sources. The company plans to use IPO proceeds for the development of a Smart Logistics Application software, which is planned in two phases. Furthermore, the management has flexibility in utilizing proceeds earmarked for general corporate purposes, subject to certain limits and board approval.

The section details the estimated expenses related to the Issue, which amount to approximately ₹ 395.00 lakhs, covering various costs such as underwriting fees, printing, legal fees, and fees payable to various intermediaries. The total estimated issue expenses constitute 100.00% of the total issue proceeds, with a portion of the proceeds being allocated for these costs. The document also discusses the funding requirements, noting that any shortfall will be met by internal accruals or unsecured loans. Furthermore, it clarifies that no bridge financing arrangements will be repaid from the net issue proceeds, though certain amounts drawn from overdraft facilities for ongoing projects will be repaid. The company confirms that funds from the issue proceeds will not be used for equity or real estate investments.

The section discusses the certification of Key Performance Indicators (KPIs) by the Chief Financial Officer and the Audit Committee, confirming that no undisclosed KPIs existed prior to the prospectus filing. It outlines the commitment to continue disclosing these KPIs periodically for a specified duration post-listing or until the utilization of fresh issue proceeds is complete. The text also details various metrics for financial KPIs, including revenue, EBITDA, profit after tax, debt, and equity, which are used to track the company's performance over several years. Furthermore, it provides justifications for the issue price based on comparisons with industry peers and historical transaction data.

This section primarily deals with the statement of possible special tax benefits available to the Company and its shareholders under various Indian tax laws. It clarifies that the benefits discussed are not exhaustive and investors should consult their own tax consultants regarding the implications of investing in the equity shares. The document includes separate annexures detailing the status of these benefits under the Income-tax Act and the GST Act.

This section primarily details various definitions and terms used within the Draft Red Herring Prospectus (DRHP), covering aspects related to company structure, regulatory compliance, and the issuance process. It defines terms such as Group Companies, Independent Directors, Key Managerial Personnel, and various investor categories like FPIs and NRIs. Furthermore, it outlines the process for equity share issuance, including the roles of various intermediaries, the nature of the issue size, and the banking arrangements.

Prospective investors should be aware that investing in the equity shares involves a high degree of financial risk, which could lead to losses in the investment. Risks include potential liabilities arising from tax proceedings, litigation, and various operational risks related to the business's performance and supply chain. The company's revenue is heavily concentrated in specific geographical regions, making it vulnerable to adverse developments in those areas. Furthermore, the business relies on a limited number of customers and suppliers, and there are concerns about the stability of the working capital and the ability to secure necessary funds.

The company has faced numerous discrepancies and errors in its statutory filings with the Registrar of Companies (RoC) and other compliance requirements under the Companies Act, 2013, including missing CINs, signatures, and incorrect details across various forms. While the company has taken corrective measures and filed a form to rectify these issues, there is no assurance that future regulatory actions or penalties will not be imposed. Furthermore, negative cash flows have been recorded for recent periods, which could impact the company's growth and business operations. The company also faces risks related to high debt-equity ratios, potential fluctuations in interest rates, and the inability to pass on increases in operating expenses to customers. Operational risks include potential delays due to breakdowns, accidents, or issues with transportation, and exposure to claims from customers. Finally, there are risks concerning the protection and enforcement of intellectual property rights.

The company faces several material risks across various aspects of its operations and financial structure. These include risks associated with unsecured loans, customer disputes over service quality, and potential disruptions in the supply chain due to delays from truck vendors. Trade receivables present a significant risk to liquidity due to potential non-payment by clients, and there is uncertainty regarding the ability to manage these receivables effectively. Furthermore, the business is exposed to risks from inadequate insurance coverage, increased competition in the logistics industry, and dependency on qualified drivers and reliable IT systems. Finally, reliance on third-party operators introduces risks related to vehicle condition and potential liability for client losses.

The company faces risks related to its aging vehicle fleet, which may lead to increased operating and maintenance costs if expansion or upgrades are not undertaken. The company is subject to various laws and government regulations, and failure to comply with statutory requirements could result in fines or sanctions. There is also a dependency on third parties for equipment and maintenance, and uncertainty exists regarding the supply of necessary materials. Furthermore, there are concerns about the reliability of third-party vehicle hiring, which could disrupt the customer base. The company has also faced past discrepancies and delays in filing various tax returns, leading to financial penalties.

The company faces several risks related to the transportation of goods, including the possibility of violating regulations due to the lack of independent verification of contents. There are significant financial risks stemming from loan agreements, where the default of the company could trigger obligations for its promoters and impact lenders' ability to service their debts. Furthermore, financing agreements impose covenants that limit operational flexibility, and there is a risk of lenders accelerating repayments or terminating facilities. The company also faces risks related to employee attrition, which can lead to loss of expertise, decreased productivity, and damage to relationships. Operational risks include the potential inability to manage growth effectively, execution failures, and susceptibility to macroeconomic factors or competition. Finally, there are concerns regarding adverse publicity, potential related party transactions, and liabilities arising from statutory penalties.

This section details various risks across several domains. Risks include potential issues with management interest in the company due to compensation, uncertainty in achieving business objectives due to sourcing difficulties, and the possibility that financial results will deviate from projections. There are also concerns about the reliability of internal controls and the ability to implement business strategies effectively against changing regulations. Furthermore, risks related to the issuance of equity shares involve potential disputes over fund utilization, volatility in the issue price, and market development issues. The company faces external risks such as changes in Indian laws, market volatility, and potential liabilities from product defects or customer dependency.

The risk factors outlined in this section cover various potential threats to the company and the broader business environment. These include risks from natural calamities, terrorist attacks, and civil unrest, which could negatively impact the business and financial condition. There are also significant risks related to changes in tax laws and regulations, political instability, and the potential for adverse interpretations or implementation of existing laws. Furthermore, global economic and political conditions, as well as risks associated with financing, foreign capital raising, and environmental regulations, are highlighted as potential threats to operations and profitability.

This section primarily provides a summary of the company's financial statements, detailing the movement in various financial metrics across different reporting periods. It includes tables summarizing shareholders' funds, non-current liabilities, assets, and profit and loss figures. Furthermore, it outlines the corporate structure, including details about the company's incorporation, registration numbers, and the board of directors. It also specifies the roles and contact information for the Company Secretary and Compliance Officer.

This section details various aspects related to the issuance process, including the identification of professional service providers and the procedures for the public offering. It outlines the details of the Statutory Auditors, the bankers to the issue, and various regulatory requirements concerning the application process, such as the use of ASBA or UPI mechanisms. Furthermore, it specifies the timelines for the bid/issue program, the process for withdrawal of the issue, and the conditions under which the final listing and trading approvals will be sought.

This section details the underwriting and market-making arrangements for the issue. It outlines the commitments made by the Company and the Book Running Lead Manager, including the allocation of equity shares to different underwriters. Furthermore, it specifies the obligations of the Market Maker regarding trading, including providing 2-way quotes, minimum quote depth, and inventory management. The section also discusses potential penalties and the applicability of various price band limits based on the issue size.

The section outlines various provisions regarding outstanding legal matters and dues. It states that there are no outstanding criminal proceedings, actions by statutory or regulatory authorities, claims relating to direct and indirect taxes, or material litigation involving the Company, its Directors, Promoters, and Group Companies. It details a materiality policy for identifying material litigation, which involves thresholds based on turnover, net worth, or profit/loss, with a threshold of ₹ 19.09 lakhs for certain transactions. Furthermore, it discusses outstanding dues to creditors, noting that amounts exceeding ₹ 130.91 lakhs are considered material creditors.

The company has obtained several material approvals necessary for undertaking the Issue and carrying on its business activities, including resolutions from the Board and shareholders for the Issue. Key approvals include in-principle listing approval from the NSE Emerge. The company has details regarding its incorporation and various tax registrations, including PAN, TAN, and GST registration certificates. Furthermore, numerous regulatory approvals such as those related to Employees’ Provident Fund, ESIC, Importer-Exporter Code, and various Shop and Establishment registrations are listed. The company is currently in the process of submitting applications for changes to these existing approvals, and there are no pending material approvals or issues with regulatory bodies as of the prospectus date.

The section details various compliance aspects related to the company's status as an unlisted issuer and Initial Public Issue. It confirms the company's incorporation under the Companies Act, 1956, and outlines parameters for the post-issue paid-up capital. The text also confirms the company has met track record criteria and has positive operating profits over several financial years. Furthermore, it mandates the company's adherence to requirements for facilitating trading in demat securities and agreements with depositories.

The section details various aspects related to public issues, including limitations on fraud amounts and commission payments, and references to past capital issues. It outlines procedures for investor grievance redressal, including record retention and compensation mechanisms for delays in fund unblocking, particularly concerning the UPI mechanism. Furthermore, it discusses various SEBI circulars and regulations governing the public offer of equity shares, including changes to the ASBA process and the introduction of different phases for the UPI mechanism.

The section details various aspects related to the issuance and trading of equity shares, including dividend declarations, price band determination, and compliance with SEBI regulations. It specifies that dividend payments will follow the Companies Act and other applicable laws. The section also outlines requirements for allotment in dematerialized form and lists several agreements signed with Depositories and the Registrar to the Issue. Furthermore, it sets out rules regarding minimum bid values, contract sizes, and the minimum number of allottees required for the issue to proceed.

This section details various procedural requirements, timelines, and liabilities related to the issuance and allotment process, including issues concerning application uploading, delays, and investor grievances. It outlines rules regarding the submission of applications, the handling of cancelled applications, compensation mechanisms for delays in fund unblocking, and conditions for migration to the main board. Furthermore, it specifies criteria for company migration, including requirements related to paid-up capital, market capitalization, revenue, and public shareholder numbers.

This section details the structure and procedures for an Initial Public Offer, which is being made under Regulation 229 (1) of Chapter IX of SEBI (ICDR) Regulations, 2018, for listing on the SME Exchange. The issue involves a specific allocation breakdown concerning Market Maker Reservation Portion, Net Issue, and various bidder categories. It outlines detailed rules for allotment, including different bid sizes, allocation proportions, and procedures for handling various investor types like QIBs, Mutual Funds, and Individual Bidders. Furthermore, the text specifies timelines for the entire process, including the bid opening, closing, finalization of the basis of allotment, and the commencement of trading.

This section details various procedural aspects related to the public issue, including lot sizes, rules for allotment, and compliance with various SEBI circulars and regulations. It outlines the process for finalizing allotment basis in consultation with the Book Running Lead Manager and the secondary market trading lot size. Furthermore, it discusses the implementation of the Unified Payments Interface (UPI) mechanism in a phased manner, which reduced the timeline for listing. It also specifies requirements for investor grievances and the process for dealing with the blocking and unblocking of funds in investor accounts.

This section details various requirements and procedures for bidders participating in the issue, primarily focusing on the use of UPI and ASBA mechanisms. It outlines rules regarding the provision of necessary IDs, the requirement for sufficient funds in ASBA accounts, and the process for submitting applications through different intermediaries. Furthermore, it specifies rules related to the processing of bids, including the handling of multiple bids and the procedures for fund blocking and unblocking.

This section details various rules and restrictions concerning who can bid for the public issue, including provisions for different investor categories such as Bidders, Anchor Investors, HUFs, Mutual Funds, Eligible NRIs, FPIs, and SEBI-registered AIFs/VCFs/VFCIs. It outlines requirements for bid documentation, such as PAN details, and specifies limits on holding for various investor types based on FEMA regulations. Furthermore, it establishes rules for handling multiple bids from FPIs and sets restrictions on investments by certain SEBI-registered investment funds.

This section details various requirements and procedures concerning bids from different types of investors, including banking companies, Systemically Important NBFCs, insurance companies, provident/pension funds, and various entities under power of attorney. It outlines specific documentation required for bids from these entities, such as registration certificates and financial statements. Furthermore, it specifies investment exposure norms and limits prescribed by regulators like RBI and IRDAI for investments in the company and its sector. The section also covers the mandatory use of the Application Supported by Blocked Amount (ASBA) process and procedures for electronic registration of applications.

The section details various aspects related to the issue process, including how the issue price is finalized in consultation with the Book Running Lead Manager (BRLM), rules for allocation based on bidder categories, and procedures for handling under-subscription. It outlines rules for bid submission, including requirements for documents, payment methods, and ensuring that bidder details match the depository records. Furthermore, it specifies grounds for the rejection of bids, such as issues with bid amounts, documents, or non-compliance with various regulations.

This section details various aspects of the allotment process, including rules for under-subscription, the flow of events from the bidding closure to allotment, and specific rules for allocating shares to different investor categories such as Individual Investors, Non-Institutional Investors, and Qualified Institutional Buyers (QIBs). It outlines procedures for proportionate allotment, the handling of excess shares, and the responsibilities of the Designated Stock Exchange in finalizing the basis of allotment in accordance with SEBI (ICDR) Regulations. Furthermore, it specifies requirements for the submission of bid forms and the use of third-party bank accounts.

This section primarily outlines the procedures and undertakings related to the issuance process, including how bid forms are to be submitted and the subsequent steps for allotment and listing. It details timelines for completing formalities for listing and commencing trading on the NSE EMERGE, as well as stipulations regarding the timely dispatch of allotment advice and the refund process for unblocked funds. Furthermore, the text discusses various provisions under the Companies Act and SEBI Regulations concerning allotment, oversubscription, and potential liabilities for default.

This section primarily outlines definitions related to the company's structure, including various terms such as Director, Equity Shares, Exchange, and different types of meetings. It also details provisions concerning the authorized share capital, the creation of new capital, and the kinds of shares the company may issue. Furthermore, the text covers rules regarding the disposal of shares by the Board, consideration for allotment, further issues of shares, and various provisions related to the issuance and return of share certificates.

This section details various provisions related to the handling of share certificates, transfers, and liens on the company's securities. It outlines procedures for issuing new certificates in place of lost or destroyed ones, the company's lien rights over shares and debentures, and the conditions under which such liens can be waived or exercised. Furthermore, the text covers the requirements for instruments of transfer, the process for registering transfers, and the rights of the Board to refuse to register certain transfers. It also addresses the implications of non-payment for calls made on shares and the rules governing the transfer or transmission of securities.

This section primarily outlines the procedures related to the forfeiture of shares, including the requirements for notices, the effect of payments or indulgences on forfeiture, and the rights of the company concerning forfeited shares. It details what happens to forfeited shares, the liability of the former member, and the power of the Board to cancel such forfeitures. Furthermore, the text covers various aspects of capital alteration, such as the division, consolidation, and cancellation of shares, as well as provisions related to dematerialization of securities and the capitalization of profits.

This section primarily outlines the procedural aspects of General Meetings, including notice requirements, quorum definitions, and the conduct of various business matters. It details rules for convening meetings, the nature of business transacted, and procedures for handling various voting rights, including those of members, joint holders, and those of unsound mind. Furthermore, the text covers provisions related to the appointment, tenure, and removal of Directors, including rules for independent directors and the rotation of directors.

This section outlines various procedural and power aspects related to the Board of Directors, including meeting frequency, notice requirements, quorum definitions, and decision-making processes. It details rules for handling negotiable instruments, the procedures for board meetings, and the delegation of powers to managers or committees. Furthermore, it covers provisions regarding borrowing powers, the issuance of securities, and the handling of dividends, including rules for unpaid or unclaimed dividends.

This section primarily outlines various provisions related to the company's financial management, including the ability of the Board to carry forward profits or set aside reserves, and rules concerning the deduction of arrears from dividends. It also details provisions on the retention of dividends and the transfer of shares, stipulating that the right to dividends does not pass with the transfer of shares before registration. Furthermore, the section covers where books of accounts must be kept, the rights of directors and members to inspect these books, and the Board's discretion in applying profits for various purposes. Finally, it lists numerous material contracts and documents that have been entered into or are to be entered into by the company, which are subject to inspection during the offering process.

This section primarily consists of multiple declarations from various Directors certifying compliance with relevant laws and regulations. The declarations confirm that all relevant provisions of the Companies Act, 2013, and guidelines issued by the Government of India and the Securities and Exchange Board of India have been complied with. Furthermore, the signatories affirm that no statement in the Prospectus is contrary to the provisions of various Acts and rules, and that all disclosures made are true and correct.

This section primarily contains declarations from the Company Secretary and the Chief Financial Officer affirming compliance with various laws and regulations. The declarations certify that all relevant provisions of the Companies Act, 2013, rules, regulations, and guidelines issued by the Government of India and the Securities and Exchange Board of India have been complied with. Furthermore, they certify that no statement in the Prospectus is contrary to the provisions of the Companies Act, 2013, the Securities Contracts (Regulation) Act, 1956, and the Securities and Exchange Board of India Act, 1992, as amended. The declarations are signed by the respective officers and include dates in October 2025.

This section details various regulatory aspects concerning the company, including approvals, licenses, and compliance status. It mentions the company's existing registrations and any issues related to regulatory oversight.

The provided text outlines various aspects of the company's issue document, including a summary of the business, industry overview, details about the promoters, and financial information. The company operates in the logistics and supply chain management sector, providing freight and non-freight services to various clients. The promoters and promoter group collectively hold a significant portion of the equity, and details regarding the issue of equity shares are provided. Furthermore, the text details the financial performance over several periods and summarizes certain related party transactions.

This section details various aspects related to the company's promoters, including borrowings, weighted average prices of shares acquired by promoters, and details regarding the issuance of bonus equity shares. It outlines financing arrangements and confirms that no such financing occurred within the preceding six months. Furthermore, it provides information on the acquisition costs of shares by promoters over the last one, eighteen, and three years, and specifies that no split or consolidation of equity shares has been undertaken.

The company has five directors on its Board, consisting of two Executive Directors and three Non-Executive Directors, two of whom are Independent Directors. The Board composition complies with the laws prescribed under the SEBI Listing Regulations and the Companies Act. The key personnel include the Chairman and Managing Director, Navita Kundaliya, and Non-Executive Director, Rishi Maheshwari, alongside Independent Directors Arzoo Mantri and Mohit Mundhra. Details regarding their roles, directorships, and remuneration terms are provided.

The section details the interests of the company's directors, noting that remuneration and expenses payable to Managing Directors and Whole Time Directors may be considered as interests. It further clarifies that directors generally do not hold equity shares in the company, except as disclosed. The text also mentions that no consideration has been paid to directors for services related to the company's formation or promotion. Additionally, it states that directors have no interest in property transactions related to the company and no loans have been availed by the directors from the company. The section outlines various board changes over the last three years and details the composition of the Board, including the number of Executive and Non-Executive Directors, and the establishment of several Board committees.

The section details the Senior Management Personnel, including the Head of HR and Marketing, Accounts Managers, an Operations Executive, and various disclosures regarding their remuneration and relationships. It confirms that none of the Directors are related to the Key Managerial Personnel, and all listed personnel are permanent employees. Furthermore, it specifies that Key Managerial Personnel and Senior Management Personnel do not have any undisclosed interests in the company, and no compensation or benefits were paid to them in the preceding fiscal year except for remuneration and reimbursements for services rendered.

This section details the various entities involved, including companies, Limited Liability Partnerships, and the promoters associated with them. It lists details for individuals like Rashmi Bajaj and Rishi Maheshwari, including their qualifications, dates of birth, designations, and other directorships. Furthermore, it outlines the shareholding patterns for RHMB India Private Limited and lists the directors of that company. The text also covers declarations regarding the submission of individual promoters' details to the Stock Exchange and confirms the lack of control changes in the company over the preceding five years.

The company identified two entities as Group Companies: Jayesh International Private Limited and Sodhani Travels Private Limited, based on criteria outlined in the SEBI (ICDR) Regulations. Details regarding these group companies, including their corporate information, business scope, and shareholding patterns, are provided. The document also confirms that the group companies do not have any interest in the promotion of the company, nor are they involved in certain transactions or common pursuits with the company. Furthermore, there is no pending litigation involving the group companies, and they have not been found in defaults with statutory or bank dues, nor have any proceedings been initiated for economic offenses against them.

This section details the engagement of GGPS & Associates, Chartered Accountants, to examine the Restated Financial Statements of Jayesh Logistics Limited for inclusion in the Red Herring Prospectus. The Board of Directors bears the responsibility for preparing these statements, including designing and maintaining internal controls, and ensuring compliance with various legal and regulatory requirements. The auditors' responsibilities involved examining the financial statements based on agreed terms, including those related to the IPO, and ensuring compliance with the Companies Act, SEBI ICDR Regulations, and the Guidance Note. The financial information was compiled from audited statements and management-certified financial statements.

This section details various significant accounting policies adopted by Jayesh Logistics Limited, covering areas such as the amortization and impairment of intangible assets, the treatment of borrowing costs, foreign currency translation, revenue recognition, and employee benefits. It also outlines policies for handling cash, income taxes, leases, contingent liabilities, and the calculation of earnings per share. The policies specify how different types of transactions and financial items should be recognized and accounted for in the financial statements.

The provided section primarily details the financial position of the company as of various dates, including the movement in shareholders' funds, liabilities, and assets. It includes a summary of accounting policies and lists the key managerial personnel, including the Partner/Chairman & Managing Director and the Chief Financial Officer/Company Secretary. Furthermore, it provides detailed information on the structure of long-term borrowings, including various bank loans and personal guarantees provided by the directors.

This section primarily contains various restated financial statements and notes detailing the company's financial position as of different dates, including provisions, borrowings, trade payables, assets, and liabilities. It provides historical data for various financial items such as provisions for gratuity, loans, trade receivables, and fixed deposits, with breakdowns across different time periods. The data includes details on the aging of trade receivables and capital work in progress, as well as statements of cash and cash equivalents.

This section primarily details various financial statement notes, including statements for cost of service consumed, employee benefit expenses, finance costs, depreciation and amortization, other expenses, and related party disclosures. It includes statements for different periods, such as for the years ended March 31, 2025, March 31, 2024, and March 31, 2023. Furthermore, it covers details on leasing arrangements, foreign exchange transactions, and various compliance disclosures regarding transactions with related parties and borrowings.

This section primarily details various financial ratios and cash flow statements for Jayesh Logistics Limited, including comparisons across different financial years. It presents data such as current ratio, debt equity ratio, debt service coverage ratio, and various return metrics. The data is presented for periods ending June 30, 2025, and for the years ended March 31, 2025, 2024, and 2023. Furthermore, it includes details on cash flow from operations, capital expenditure, net borrowings, interest expenses, and profit after tax.

This section details various financial ratios, capitalization, and indebtedness of the company. It presents performance metrics such as net worth, earnings, and return on net worth over different periods. Furthermore, it outlines the company's borrowings, including secured and unsecured loans, along with the lenders, outstanding amounts, interest rates, and repayment terms. The section also specifies the personal guarantees provided by individuals for certain borrowings.

This section details various security providers and loan arrangements related to the company's operations. It lists personal guarantees and corporate loans from both directors and body corporates, along with the terms and repayment schedules for these financial obligations. Furthermore, the text includes a discussion on the company's business overview, which describes its role as a service provider in the logistics and supply chain management industry. The company primarily offers freight services using road transportation and various non-freight support services to a diverse clientele.

The provided text outlines several potential risks for the company, including cash flow challenges from client payment delays, inadequate insurance coverage, and potential issues arising from related party transactions. It also highlights risks associated with employee or vendor misconduct, weaknesses in internal controls, and the possibility of negative publicity damaging the company's reputation and customer trust. The document also details various Key Performance Indicators (KPIs) for Jayesh Logistics Limited, including revenue, EBITDA, PAT, and various profitability ratios. Furthermore, the text provides a detailed breakdown of revenue components and expenditure analysis for a specific three-month period.

This section details various financial metrics and comparisons between different financial years, including revenue, expenses, and profit figures. It shows significant changes in revenue streams, particularly the introduction of non-freight services, and highlights the impact of business operations on profitability. The text also provides cash flow details, comparing cash flows from operating, investing, and financing activities across different periods.

The company has stated that it has not announced any new products or services, and its business is not subject to seasonality. The company acknowledges a significant dependence on a few key customers, and further details regarding this dependency can be found in the 'Risk factors' chapter. The Indian logistics industry is described as highly competitive, characterized by a fragmented market with unorganized players alongside organized firms. Competition is intense in pricing and service differentiation, especially in last-mile delivery fueled by e-commerce growth, leading companies to invest in infrastructure, technology, and value-added services.