Ratnadeep Retail Limited

• Repayment/ prepayment, in part or full, of certain loan facilities availed by our Company₹400 Cr
• Setting up of new stores under the formats of (i) “Ratnadeep” and (ii) “National Mart”₹2.60k Cr
• General corporate purposes

Except as disclosed in this section, there are no outstanding (i) criminal proceedings (including matters which are at first information report stage even if no cognizance has been taken by any court or any other judicial authority); (ii) actions (including all outstanding penalties and show cause notices) by regulatory authorities and statutory authorities; (iii) claims related to direct and indirect tax matters; and (iv) other litigations, including, civil proceedings and arbitration matters as determined to be material as per the Materiality Policy, in each case involving our Company, our Subsidiary, Promoters and Directors. Further, except as stated in this section, there are no (a) disciplinary actions including any penalties imposed by SEBI or any of the Stock Exchanges against our Promoters in the last five Financial Years preceding the date of this Draft Red Herring Prospectus, including any outstanding action; (b) outstanding criminal proceedings (including matters which are at first information report stage even if no cognizance has been taken by any court) involving our Key Managerial Personnel and members of our Senior Management; and (c) outstanding action (including all penalties and show cause notices) by regulatory authorities and statutory authorities against our Key Managerial Personnel and members of our Senior Management.

• We derive a significant portion of our revenue from operations from the state of Telangana (contributed 90.78%, 91.81% and 90.90% of our revenue from operations in Fiscals 2026, 2025 and 2024, respectively). Any unfavourable developments affecting our operations in these states could have an adverse impact on our business, results of operations, financial condition and cash flows.(Geographic Concentration)

• We derived 78.23%, 77.93% and 80.05% of our revenue from operations from the sale of products in the FMCG and staples product categories collectively in Fiscals 2026, 2025 and 2024, respectively. Any decline in demand for such products, price volatility, changes in consumer preferences, or adverse climatic, regulatory or supply chain conditions could adversely affect our business, results of operations, financial condition and cash flows.(Product Concentration)

• Our top five stores (in terms of revenue generated) are also located in the state of Telangana. Accordingly, any material social, political or economic developments, natural calamities, pandemics, civil disruptions or changes in the policies of the state or local governments, particularly in the state of Telangana, could adversely impact operations at our stores.(Geographic Concentration)

• The FMCG category is characterized by severe competition, frequent product launches and evolving consumer preferences. Our ability to maintain and grow sales depends on effectively managing our product mix, inventory levels, pricing strategies and promotional activities, as well as our ability to respond to changing consumer demand. If we are unable to accurately forecast demand or manage inventory efficiently, we may experience excess inventory, stock obsolescence, increased wastage (particularly for perishable products), markdowns and pressure on operating margins.(Competition and Operations)

• FMCG products typically operate at relatively lower margins, and intense competition in this segment may further exert downward pressure on our margins, which could adversely affect our profitability and results of operations.(Competition and Operations)

• Our purchase costs are influenced by fluctuations in prices of agricultural commodities, packaged goods, transportation, fuel and other logistics related costs. These costs may be affected by factors beyond our control, including weather conditions, government policies, inflationary trends and supply chain constraints. Any significant increase in such input or procurement costs, without a corresponding ability to pass on such increases to customers through pricing, could adversely affect our margins and profitability.(Cost Fluctuations)

• The strength, recognition and reputation of our stores are critical to attracting and retaining customers across our stores. Products are primarily sold through our store formats rather than under distinct individual product brands, and customer perception of our stores is influenced by factors such as product assortment, pricing, quality, store ambience, convenience, service standards, hygiene, availability of essential goods and consistency of the overall shopping experience. Any adverse development affecting the reputation, recognition or performance of our store formats, including negative publicity, failure to meet customer expectations, operational disruptions, inability to adapt to changing consumption patterns, or increased competition from other organised and unorganised retailers, could adversely affect our sales.(Brand Reputation)

• Further, any inconsistency in customer experience across store formats, could adversely impact our brand.(Brand Reputation)

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.