1. Fundraise up to ₹400 Cr - accelerated growth roadmap Pending - In announcements dated 3rd February 2025 and 13th February 2026, the company disclosed in-principle approval to raise up to ₹400 Cr through equity or convertible instruments for accelerated growth. No disclosure on the execution, structure, or deployment of the raise has been made through Q4 FY26 (March 2026).
2. FY27/FY28 revenue guidance - \~₹650 Cr in FY27, \~₹700 Cr in FY28 Pending - In an announcement dated 5th June 2026, a credit-rating rationale projected Total Operating Income of \~₹650 crores in FY27 and \~₹700 crores in FY28. FY26 TOI was ₹572.82 Cr and FY27 has not yet commenced as of 14th July 2026.
3. NSE main-board direct listing Pending - On 17th July 2025, the company announced it had submitted an application for direct listing on the NSE Main Board to enhance market presence and liquidity. No update on the application status has been disclosed through Q4 FY26 (May 2026).
4. Vision 2027 - sales offices in Bangladesh, South America, and the US On track - At the Q4 FY24 PPT, management guided plans to establish sales offices in Bangladesh, South America, and the US, reiterated under Vision 2027 in Q4 FY25. An MOU with PowerPac Holdings in Bangladesh was signed by Q3 FY24 and US export expansion plans were stated in March 2025, though no sales office establishment has been confirmed through Q4 FY26.
5. Vision 2027 - EV division for first-mile logistics On track - At the Q4 FY24 PPT, management guided plans to establish an EV division for first-mile logistics, reiterated through Q3 FY26. As of Q2 FY25, management stated they are evaluating EV trailers for green logistics but are assessing profitability before proceeding, with no establishment disclosed through Q4 FY26.
6. CUBOX - over ₹100 crore in annual revenue Pending - At the Q4 FY25 PPT, management stated CUBOX is expected to generate over ₹100 crore in annual revenue, targeting Western and Northern India initially. CUBOX launched in February 2025, but no revenue or volume figures have been disclosed through Q4 FY26.
7. TiGreen - monthly volume of 3,500 TEUs, ₹100-150 Cr annual revenue Partial - In March 2025, management set a monthly volume target of 3,500 TEUs for TiGreen and projected ₹100-₹150 crore annually in revenue, with a 3-6 month horizon. Monthly volume reached 1,500 TEUs on an ongoing basis, but no disclosure confirms the 3,500 TEU run-rate or the annual revenue contribution was achieved through Q4 FY26.
8. Freight rates - slide stopped; business back to earlier levels in \~6 months Missed - At the Q4 FY23 call, management stated the freight rate free fall had stopped and business would be back to earlier levels in about 6 months or two quarters. FY24 revenue was ₹240.26 Cr and EBITDA was ₹15.02 Cr, remaining materially below FY23's ₹433.35 Cr revenue and ₹25.92 Cr EBITDA through the Sep 2023 deadline.
9. Acquisition of an LCL player - mid-size, ₹100+ cr topline, majority stake Pending - At the Q2 FY25 call, management specified they were looking to acquire a mid-size LCL company with ₹100+ crores topline and a majority stake, hopeful to materialize in coming quarters. CUBOX, the company's own LCL brand, launched in February 2025, but no external acquisition has been disclosed through Q4 FY26.
10. Digital platform (FreightJar) - launch by end of February or March 2023 Partial - At the Q3 FY23 call, management stated the digital price-discovery platform would launch by end of February or March 2023. Soft launch occurred on 14th April 2023, about six weeks late, with FreightJar 2.0 launched by Q3 FY26 and customer base reaching 350 by March 2024.