Vinit Mobile Ltd.

• Set up of New Stores₹0.6 Cr
• Working Capital₹23.7 Cr
• General corporate purposes₹5.1 Cr

Except as stated below there is no pending criminal litigation involving our Company, Directors, Promoters, Key Managerial Persons(KMPs) or Senior Managerial Persons (SMPs); actions taken by statutory or regulatory authorities involving our Company, Directors, Promoters or ; outstanding claims involving our Company, Directors or Promoters for any direct and indirect tax liabilities; outstanding proceedings initiated against our Company for economic offences; defaults or non-payment of statutory dues by our Company; material fraud against our Company in the last five years immediately preceding the year of this Prospectus; inquiry, inspection or investigation initiated or conducted under the Companies Act 2013 or any previous companies law against our Company during the last five years immediately preceding the year of this Prospectus and if there were prosecutions filed (whether pending or not); fines imposed or compounding of offences for our Company in the last five years immediately preceding the year of this Prospectus; litigation or legal action against our Promoters by any ministry or Government department or statutory authority during the last five years immediately preceding the year of this Prospectus; pending litigations involving our Company, Directors, Promoters or any other person, as determined to be material by the Company’s Board of Directors in accordance with the SEBI (ICDR) Regulations; or outstanding dues to creditors of our Company as determined to be material by our Company’s Board of Directors vide resolution passed in its meeting held on September 25, 2025, in accordance with the SEBI (ICDR) Regulations and dues to small scale undertakings and other creditors.

• The Promoter was previously engaged in a similar line of business through proprietorship firms and entered into a Non-Compete Agreement dated December 8, 2025, with these firms. Any breach, dispute, or perceived overlap in business activities could adversely affect our operations, financial condition, and prospects.(Business Related Risks)

• Opening and closing stores is a regular part of the business. There is no guarantee that newly opened stores will achieve projected performance levels. Misjudgments in site selection, inaccurate demand forecasting, or executional challenges could negatively affect revenue, profitability, and brand perception.(Business Related Risks)

• The company is facing challenges in obtaining registration under the Gujarat Shops and Establishments Act, 2019 for 4 of its premises due to property tax issues on behalf of the original owner. These premises contribute to a significant percentage of total revenue (9.82% as of December 31, 2025). The company is not sure if it shall be able to locate a premise that is more advantageous or at par with the current locations.(Business Related Risks)

• The company is significantly dependent on a limited number of suppliers for the procurement of products. Purchases from top 10, top 5 and top 2 suppliers account for a substantial portion of total procurement. Any disruption, delay, or termination of business relationships with these key suppliers could adversely affect inventory levels, customer demand fulfillment, and operations.(Business Related Risks)

• The company's business is highly dependent on the brand recognition and reputation of the products it sells. Any failure by these brand owners to meet customer expectations due to product issues, poor customer experience, or negative publicity can adversely impact consumer trust, sales, reputation, and overall business performance.(Business Related Risks)

• The company's Restated Financial Information is furnished by a Peer Reviewed Chartered Accountant (M/s R V D & Co.) who is not the Statutory Auditor of the company. This arrangement was entrusted to maintain independence.(Business Related Risks)

• The company is yet to apply for and obtain registration under the Shops and Establishments Act for 4 of its stores. If the company is unable to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate its business, it may have a material adverse effect on its business.(Business Related Risks)

• The company is not sure whether any action shall not be taken in the future regarding the aforementioned non-compliance with the Shops and Establishments Act. In the event of any action, the company shall be liable to pay a penalty of ₹ 10,000/- for each premise.(Business Related 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.