MV Electrosystems Limited

• Funding long-term working capital requirements of our Company₹180 Cr
• Investment in research design and development activities for new power electronic equipment₹21.0 Cr
• General Corporate Purpose

The company is involved in various legal proceedings from time to time, mostly arising in the ordinary course of business. These legal proceedings are primarily in the nature of civil suits, criminal proceedings, regulatory proceedings and tax disputes pending before various authorities. The company has disclosed all outstanding criminal litigation and tax proceedings involving the company, all outstanding civil litigation involving the company which exceeds 2% of turnover of the company, 2% of net worth of the company, or 5% of the average of absolute value of profit or loss after tax, as well as all outstanding actions by statutory or regulatory authorities and any other outstanding litigations involving the company where an adverse outcome would materially and adversely affect the business, operations, prospects, reputation or financial position of the company. The company has also disclosed any litigations involving the Directors and Promoters of the company where an adverse outcome shall have a material impact on the company. Other than as disclosed in this section, there is no outstanding criminal proceeding, action taken by regulatory or statutory authorities, claim related to direct and indirect taxes, or other pending litigation as determined to be material pursuant to the Materiality Policy in each case involving the company, its Directors and its Promoters. There is no litigation or legal action pending or taken by any Ministry or Department of the Government or a statutory authority against the Promoters during the last three years immediately preceding the year of circulation of the Red Herring Prospectus. There are no inquiries, inspections or investigations initiated or conducted under the Companies Act, 2013 in the last three years immediately preceding the year of circulation of the Red Herring Prospectus involving the company, nor are there any prosecutions filed, fines imposed, or compounding of offences in the last three years immediately preceding the year of the Red Herring Prospectus involving the company except as disclosed below. There are no defaults in payment of undisputed statutory dues, debentures and interest thereon, deposits and interests thereon, or any loan obtained from any bank or financial institution and interest thereon by the company, as of the date of the Red Herring Prospectus. There are no material frauds committed against the company in the last three years. There are no defaults in annual filing of the company under the Companies Act and the rules made thereunder. There are no significant and material orders passed by the regulators, courts and tribunals impacting the going concern status of the company and its future operations. There are no reservations, qualifications or adverse remarks of auditors in the last five Fiscal Years immediately preceding the year of circulation of the Red Herring Prospectus.

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

• MV Electrosystems Limited​ - Prospectus03 Aug 2026