ArMee Infotech Limited

• Funds for the purpose of securing PBGs for expansion of business
• Funding our working capital requirements
• Prepayment or repayment of certain outstanding borrowings availed by our Company
• General corporate purposes

Except as disclosed in this section, there are no outstanding civil litigation involving the Company, Directors, Promoters, and Subsidiaries; no outstanding criminal litigation involving the Relevant Parties; no actions taken by statutory or regulatory authorities involving the Relevant Parties; no outstanding claims involving the Relevant Parties for any direct and indirect tax liabilities; no defaults or non-payment of statutory dues by the Company; no material fraud against the Company in the last five years; no litigation or legal action against the Promoters by any ministry or Government department or statutory authority during the last five years; or other outstanding litigations involving the Relevant Parties or any other person.

• More than 86% of revenue was recognized from projects executed in the states of Gujarat, Maharashtra and Tamil Nadu as of March 31, 2026. A natural calamity, economic slowdown or disruption in these states may hinder business operations and cause adverse effects on results of operations, financial condition and cash flows.(Geographic Concentration)

• More than 83.84% of revenue was recognized from Government/PSU clients as of March 31, 2026. The loss of or inability to qualify for such orders may adversely affect business, financial condition, results of operations and prospects.(Customer Concentration)

• The tender processes conducted by the Government may be subject to changes in qualification criteria, unexpected delays and uncertainties. There is no assurance that projects bid for will be tendered within a reasonable time or at all.(Government Tender Risks)

• The success rate of bids made by us in Fiscal 2026, Fiscal 2025, and Fiscal 2024 were 19.48%, 24.57%, and 30.91% respectively. If we are not able to successfully bid for new projects, it may adversely affect business operations and financial conditions.(Bid Success Rate)

• We obtain majority of our projects by bidding on the government e-marketplace. Failure to adhere to terms and conditions may lead to administrative action, including debarring us from bidding for projects on the e-marketplace platform.(E-Procurement Risks)

• The projects undertaken for Government/PSU clients are subject to mandatory inspections by authorities. If we fail to comply with contractual obligations or requirements, penalties like monetary damages, forfeiture of bank guarantees, or legal action may be imposed.(Contractual Compliance)

• We may incur unexpected expenses if suppliers of components in our power projects default on their warranty obligations. Our in-house procurement operations for renewable energy space projects expose us to certain risks.(Procurement Risks)

• We have relied on the representations and confirmations provided by the management regarding the completeness and accuracy of bid participation data on government e-marketplaces. There is no independent mechanism available to verify all bids participated in but not awarded.(Data Reliability)

• ArMee Infotech Ltd. - RHP23 Sept 2026
• ArMee Infotech Limited - Addendum II to DRHP25 Aug 2026