Vinir Engineering Limited

• Funding capital expenditure requirement for purchase of advanced forging and machining plant and machinery₹150 Cr
• Funding the Working Capital Requirement of the Company₹35.0 Cr
• Funding inorganic growth through unidentified acquisitions and General Corporate Purposes

Except as stated in this section, there are no outstanding: (a) criminal proceedings; (b) actions by statutory or regulatory authorities; (c) claims relating to direct and indirect taxes; or (d) Material Litigation involving the Company, its Directors, the Promoters, KMPs and SMPs, and the Group Companies. There are no disciplinary actions (including penalties) imposed by SEBI or the Stock Exchanges against the Promoters in the last five FYs. The Board adopted a Materiality Policy on September 22, 2026, to identify material outstanding litigation. Any litigation (apart from criminal proceedings, actions by regulatory authorities, and tax claims) with a monetary value or adverse impact exceeding ₹13.98 million is considered Material Litigation. There are no outstanding material dues to creditors of the Company, with a materiality threshold of ₹10.75 million.

• A significant part of revenues is derived from top 5 and top 10 customers, and a high percentage of customers are repeat customers. The loss of any of these customers or a significant reduction in repeat customers could have a material adverse effect on the business, results of operations, financial condition, cash flows and future prospects.(Customer Concentration)

• The business depends on a limited number of suppliers for the supply of steel, the primary raw material. Interruptions in the supply of steel could adversely affect the business and financial condition. Any dispute with suppliers may lead to interruption in supplies of raw materials.(Supplier Concentration)

• The Manufacturing Units are subject to operating risks. Any shutdown or slowdown or other production problem in any of the Manufacturing Units may reduce production and adversely affect cash flows, results of operations and financial condition. There is an appeal pending against the Company in relation to the operations of Unit I.(Operational Risks)

• Many of the machinery at the Manufacturing Units are refurbished in nature. These machines may have lower residual life, higher maintenance and be susceptible to unplanned downtime, which could adversely affect production levels, costs and lead to financial losses.(Operational Risks)

• The business and profitability are dependent on the primary raw material Iron and steel. Any delay in its delivery, price fluctuations or inadequate quality may adversely impact business operations and results of operations. The inability to pass through steel costs or otherwise mitigate these cost increases could adversely affect the business.(Raw Material Risks)

• The installed capacity is 38,000 MTPA spread over 3 Manufacturing Units. Disruption in manufacturing operations may adversely affect the operations, financial performance and reputation of the Company.(Operational Risks)

• The business is dependent on the timely delivery of steel. If steel prices fall rapidly, suppliers may withdraw capacity, which could adversely affect operations and financial performance.(Raw Material Risks)

• The business is dependent on the timely delivery of steel. If steel prices fall rapidly, suppliers may withdraw capacity, which could adversely affect operations and financial performance.(Raw Material Risks)

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.