Acevector Limited

• Funding a portion of the marketing and business promotion expense of the Marketplace business of our Company
• Funding the technology infrastructure costs of the Marketplace business of our Company
• Funding inorganic growth through acquisitions and general corporate purposes

Except as stated in this section, there are no outstanding (i) criminal proceedings (including FIRs), (ii) actions taken by statutory or regulatory authorities including notices sent by such authorities irrespective of any materiality threshold, (iii) claims relating to direct and indirect taxes, in a consolidated manner, or (iv) other pending litigation as determined to be material by our Board pursuant to the Materiality Policy (as disclosed herein below), in each case, involving our Company, its Subsidiaries, our Directors or our Promoters (the “Relevant Parties”). Additionally, except as disclosed in this section, there are no outstanding criminal proceedings and outstanding actions by regulatory and statutory authorities against our KMPs and SMPs.

• The company has incurred restated losses of ₹455.06 million, ₹1,263.06 million and ₹512.97 million in the Financial Years ended March 31, 2026, 2025 and 2024 respectively, and may continue to incur losses if it fails to generate adequate revenue growth or manage expenses and cash flows.(Financial Position)

• A significant portion of revenue from operations (57.54%, 63.25% and 66.59% in FY 2026, 2025 and 2024 respectively) is generated through the Snapdeal marketplace business.(Business Concentration)

• The company has had net cash flows used in operating activities for the Financial Years 2026, 2025 and 2024 and net cash flows used in financing activities for the Financial Year 2026, and may continue to have a net used cash position in the future.(Financial Position)

• Marketing and business promotion expense – marketplace was ₹843.98 million, ₹631.82 million and ₹585.46 million in the Financial Years 2026, 2025 and 2024 respectively, representing 14.67%, 13.92% and 13.69% of total expenses.(Financial Position)

• On a per delivered unit basis, marketing and business promotion expense – marketplace stood at ₹32.49, ₹31.73 and ₹39.52 in Financial Years 2026, 2025 and 2024 respectively.(Financial Position)

• The company focuses on catering to the value segment of the Indian e-commerce market, targeting value-conscious, middle-income users located in Tier 2+ cities of India.(Business Strategy)

• Delivered units from users in Tier 2+ cities of India were 16.95 million, 13.22 million and 9.85 million in Financial Years 2026, 2025 and 2024 respectively.(Business Strategy)

• The company may have to incur sustained marketing and business promotion expense or offer more incentives than anticipated to attract users to its platforms and convert them into buyers.(Business Strategy)

• Acevector Ltd. - DRHP25 Sept 2026
• Acevector Limited - RHP21 Sept 2026