The Promoter was previously engaged in a similar line of business through sole proprietorships (Vinit Mobile prop. of Mr. Vinit Jalan and Vinit Mobile prop. of Mrs. Ranjana Jalan), raising potential conflict-of-interest concerns despite a Non-Compete Agreement dated December 8, 2025.

Opening and closing stores is a regular part of the Company's business and depends mainly on revenue performance of each location; misjudged site selection or demand forecasting could adversely affect revenues, profitability and brand perception.

The Company is yet to obtain registration under the Gujarat Shops and Establishments Act, 2019 for 4 of its premises due to property tax issues of the original owners; failure to obtain or maintain such licences could materially impact operations.

The Company's business is highly dependent on the brand recognition and reputation of products it sells (Apple, Samsung, Realme, Xiaomi, Oppo, Vivo, Motorola, Techno, Infinix), and any failure of these brands to maintain consumer trust could adversely affect sales.

The Restated Financial Information has been prepared and signed by the Peer Review Auditor (M/s R V D & Co.) and not by the Statutory Auditor of the Company, as required under the provisions of SEBI ICDR Regulations.

The Company is significantly dependent on a limited number of suppliers — its top 10 suppliers accounted for 83.21% of purchases in 9M FY26 and 92.32% in FY25 — and disruption with any key supplier could materially affect operations.

Business is primarily focused on the distribution of telecom products (mobile phones and accessories), leaving the Company vulnerable to rapid technological change, product obsolescence and intense competition due to lack of diversification.

The Company depends on Brand Partner Employees stationed at its retail stores who are on the payroll of mobile phone brands; any change in brand staffing commitments could disrupt store-level workforce and customer experience.

Operations and revenues are concentrated in the State of Gujarat (primarily Surat district); any adverse regional economic, regulatory or saturation-related development could materially impact business performance.

The business is dependent on high volume sales — units sold were 93,227 in FY25 and 56,920 in 9M FY26 — and inability to grow turnover or manage procurement, sales and cost-control processes could adversely affect operating results.