Sotefin Bharat Ltd.

The Company relies significantly on critical patented parking robot technology sourced from Sotefin SA, Switzerland, with 50.40% of total purchases being import from Sotefin SA for the financial year ended March 31, 2026. Any disruption in this supply arrangement, including geopolitical factors, trade restrictions, or logistical challenges, could materially adversely affect the business, financial condition, results of operations, and prospects.(Supply Chain)

The Company has limited proprietary intellectual property and minimal registered intellectual property protection through patents, copyrights, or multiple trademarks. The only registered trademark is due for renewal in April 2029, and there is no assurance of renewal or the ability to register or protect additional intellectual property. This limits the ability to prevent competitors from developing similar products, reverse engineering solutions, or replicating the business model.(Intellectual Property)

Revenue from operations is highly concentrated, with the top ten customers contributing 91.77%, 84.85%, and 87.30% for the financial years ended March 31, 2026, March 31, 2025, and March 31, 2024, respectively. The top customer alone contributed 48.25% of total revenue in the financial year ended March 31, 2026. Any loss of, or reduction in orders from, such customers may adversely affect the business, results of operations, and financial condition.(Customer Concentration)

A significant portion of revenue is derived from government clients, with government bodies contributing 56.52%, 56.01%, and 51.30% of revenue for the financial years ended March 31, 2026, March 31, 2025, and March 31, 2024, respectively. The business is subject to risks inherent in public procurement processes, including uncertainties relating to tender-based bidding, policy changes, budget allocations, administrative approvals, and payment delays.(Government Contracts)

The Company is in the process of localizing the production of the dolly in India, but there can be no assurance regarding the timeline, cost, feasibility, or successful implementation of such localization. Until localization is achieved, the Company will continue to remain dependent on imported components. Any delays or inability to localize production, or any disruption in the supply of imported components, could significantly impact the ability to deliver projects on time, increase costs, and adversely affect the competitive position.(Supply Chain)

The Company relies on proprietary technology licensed from Sotefin SA for its fully automated robotic parking systems, including the Silomat shuttle and dolly technology. Any change in the terms of access to such technology, restriction in usage rights, or discontinuation of the licensing arrangement could adversely affect operations and the ability to deliver fully automated systems.(Intellectual Property)

The Company may be subject to intellectual property infringement claims from third parties alleging that products or systems violate their rights, which could result in litigation, financial liabilities, or operational disruptions. If the Company is unable to protect existing intellectual property, develop proprietary technologies, maintain licensing arrangements, or defend against disputes, it could materially and adversely affect the competitive position, business, financial condition, and prospects.(Intellectual Property)

The Company's business opportunities arise from tenders and projects awarded by central, state, and municipal government authorities and public sector institutions. Government procurement is influenced by policy and administrative decisions, budget allocations, changes in political priorities, urban planning objectives, and bureaucratic approval processes. Any delay, deferral, reduction, or cancellation of government spending on automated parking infrastructure could materially and adversely affect the business, financial condition, and results of operations.(Government Contracts)