Vinit Mobile limited

This section provides an overview of the industry context, primarily referencing an industry research report for market data. It details the global economic outlook, noting expected slowdowns in output and trade growth, while highlighting India's position as a relative growth leader. The text further discusses India's macroeconomic scenario, including GDP growth projections, inflation trends, and key demographic factors like population growth and urbanization. It also covers the impact of the Union Budget for FY2025-26, which includes measures supporting MSMEs, tax reforms, and focus areas for agriculture and exports.

The text discusses various aspects related to the Indian mobile phone and accessories retail distribution market, including industry growth, consumer behavior across different city tiers, and market segmentation. India is recognized as the second-largest mobile phone producer globally, with production showing strong growth projections. The market landscape is multi-polar, shifting from dominance by Xiaomi and Samsung towards a more fragmented environment where brands like Vivo and Realme have gained traction. Consumer behavior varies significantly based on whether the market is in Tier I, Tier II/III, or other regions, dictating preferences for premium features, affordability, and specific accessory types.

The mobile retail ecosystem in India involves various revenue streams, including the direct sale of handsets, accessories, service and repair offerings, trade-ins, financing, and trade-in sales. The market is characterized by significant dynamics, such as intense price competition, rapid technology obsolescence, and dependency on global supply chains. Key market drivers include the expanding smartphone user base and recurring demand for accessories, while market threats involve margin pressure, supply chain disruptions, and the challenge of counterfeit products. The industry is undergoing a digital transformation, with retailers adopting technologies like digital retailing, smart inventory systems, and AI-driven forecasting to improve efficiency.

The company operates in the multi-brand mobile retail segment, offering mobile phones, tablets, and related accessories. The business is based in Surat and Jaipur, with 35 company-owned retail stores across these districts. The company stocks products from major global and Indian brands, including Apple, Samsung, and Xiaomi, alongside various accessories. The company utilizes a Company-Owned and Company-Operated (COCO) model for store management and has arrangements with financial institutions to provide point-of-sale financing and EMI options. Furthermore, the company facilitates after-sales support through authorized service centers for warranty repairs and offers promotional schemes during festive periods.

The company engages in B2B sales by supplying mobile handsets and accessories in bulk quantities to retailers and corporate customers to support its core B2C model. The company has explored regional expansion opportunities in various Indian markets and has secured certain trademarks for this purpose. The company has received various awards and recognitions from mobile brands and finance companies. Operationally, the company manages a chain of Company Owned Company Operated (COCO) retail stores across Surat and Jaipur districts, handling all aspects of store management. The business involves the retail sale of mobile phones and a range of accessories, and the company utilizes a multi-brand retail strategy across different brand identities.

The company focuses on providing promotional gift baskets to attract customers during sales periods. It utilizes a centralized, software-based inventory management system to track stock across its retail stores for planning and distribution. The company also provides employee training and coordinates with authorized service centers for after-sales assistance under warranty terms. The company's strengths include a physical retail presence across 35 stores, a Company-Owned and Company-Operated model, a multi-brand product offering, and strong relationships with top mobile brand suppliers.

The company's revenue breakdown shows that Mobile Phones constitute the largest portion of operations, accounting for 96.59% of the revenue for the period ended December 31, 2025. The company operates a hybrid business model involving both Business-to-Consumer (B2C) retail sales through Company-Owned Company-Operated (COCO) stores and Business-to-Business (B2B) sales involving the bulk supply of mobile handsets and accessories to retailers and corporate clients. B2C sales remain the primary revenue driver, while B2B transactions are a key component of core activities, allowing the company to handle higher-value bulk orders. The company manages inventory through internal allocation processes and uses an APX ERP system for stock movement tracking.

This section details various Key Performance Indicators (KPIs) used by the company to review its financial and operational performance, including definitions for EBITDA, PAT margins, liquidity ratios, and leverage ratios. It also provides explanations for these KPIs and directs readers to other sections for more detailed information. Furthermore, the text outlines the intellectual property portfolio, which includes several trademark applications and assignments related to various devices. The section also covers human resources, detailing the management team, the structure of employees across different departments, and the details of employee headcount and attrition.

The company employs personnel on its payroll alongside employees from brand partners such as Oppo, Vivo, Techno, Samsung, and Realme, who handle sales and promotion while overseeing daily operations. These brand partner employees have employment contracts with the respective brands and receive performance-based incentives tied to sales targets. The company's operations face risks typical of the retail industry, including potential loss of inventory or fixed assets due to fire, theft, transit damages, accidents, and natural disasters. To mitigate these risks, the company maintains insurance coverage, which is typically valid for one year and renewed annually.

This section details various leased premises and their associated rental agreements, including the lessor/licensor, tenure, rent amount, and location details across different parts of Surat and Jaipur. It also mentions that premises for certain branches were leased from the promoter or public shareholders, and provides details on the approximate area occupied by the registered office and warehouse facility. The section also briefly mentions the primary plant and machinery used in operations.

This section primarily outlines the various Indian laws and regulations applicable to the company's business operations. It details compliance requirements under several key acts, including the Companies Act, SEBI Regulations, various tax laws (Income Tax Act, GST Act), and laws governing trade, intellectual property, and labor. The text also covers regulations concerning data protection, environmental standards, and rules related to the handling of various commodities and the employment of manpower.

This section details the various legal frameworks and regulations that the company must comply with across different levels of government and various other laws. It discusses the Micro, Small and Medium Enterprises Development Act, the Competition Act, and various state and local laws concerning trade, licensing, and approvals. Furthermore, it outlines the requirements for obtaining approvals from local authorities for setting up factories and manufacturing units, including permissions from various boards and authorities.

The company's history began with its incorporation as a Private Limited Company on May 26, 2011, under the name "Tanya Silk Mills Private Limited." This was followed by a name change to "Vinit Mobile Private Limited" on February 19, 2020, and a subsequent conversion to a Public Limited Company on May 15, 2025, resulting in the name change to "Vinit Mobile limited." The company has received numerous awards and recognitions from various industry bodies. The Memorandum of Association has undergone several amendments, including changes to the name and object clauses. Currently, the company does not have any holding company, subsidiaries, associates, or joint venture companies, and has not undertaken any material acquisitions or mergers in the preceding ten years.

This section defines various terms and abbreviations used within the Prospectus. It specifies that 'Vinit Mobile limited' is a Public Limited Company incorporated as a Private Limited Company in India. The definitions cover various corporate terms, such as the company's name, key personnel, auditors, and the banking entities involved. It also details terms related to the issue process, including different types of applications, bid terms, and the role of various intermediaries and banks.

This section defines various terms related to the issuance process, including different types of investors, accounts, and agreements. It specifies that Equity Shares are of face value ₹ 10 each, and the Issue involves a total of 21,60,000 Equity Shares, with a Net Issue of 20,52,000 shares. Key dates for the issue include an Issue Opening Date of June 30, 2026, and an Issue Closing Date of July 02, 2026. The Issue Price is set at ₹ 158 per Equity Share, within a Price Band of ₹ 150 to ₹ 158.

This section primarily defines various terms used within the context of the offering, including definitions related to the Sponsor Bank, various bidding/investor types, and relevant regulatory circulars. It specifies that the Sponsor Bank is appointed by the Company to act as a conduit for UPI transactions. It also defines terms like Syndicate, Underwriter, and various UPI related concepts. Furthermore, it lists numerous SEBI circulars that are relevant to the issue.

This section primarily lists various legal and financial terms used within the prospectus, such as definitions for terms like 'NHB Act', 'RBI', 'SEBI', and various regulations. It also details conventions regarding the use of financial information, including the reliance on Restated Financial Information, and conventions for currency and units of presentation. Furthermore, it mentions the source of industry and market data used in the prospectus.

This section primarily outlines various risk factors associated with the company's business operations and financial performance. It discusses risks related to regulatory changes, economic and political conditions, technological changes, and competition. Specific risks include potential issues with obtaining necessary registrations for premises, dependency on brand recognition, and reliance on a limited number of key suppliers for product procurement. The section also details the process for preparing restated financial information and the inherent uncertainties in forward-looking statements.

The provided text details various aspects of the company's operations, risks, and dependencies. Key operational risks include the lack of diversification in product offerings, vulnerability to rapid technological advancements, intense competition, and product obsolescence in the telecom sector. The business is also exposed to various regulatory requirements, taxation, and consumer protection laws. Furthermore, the company faces risks related to dependence on brand partners for retail store employees and reliance on a limited geographical market, primarily in the State of Gujarat and the Surat district. Revenue is also subject to seasonal and cyclical volatility due to consumer spending patterns, and the business is heavily reliant on high sales volume and the ability to manage inventory effectively.

The provided text details various risks and operational challenges faced by the company, including dependence on customer creditworthiness, exposure to market competition, and issues related to statutory filings. The business operates in a highly competitive market with low entry barriers, and the company faces risks from payment delays, changes in market demand, and increased competition from online retailers. Furthermore, the company has experienced discrepancies in corporate record filings with the Registrar of Companies, Ahmedabad, which have led to adjudication applications from regulatory authorities.

The provided text discusses various risks related to the company's operations, including product warranty claims, inventory management issues, related party transactions, and outstanding litigation. It highlights potential negative impacts on business performance, financial condition, and cash flows due to factors such as inventory mismatches, supply chain disruptions, and potential conflicts of interest arising from related party dealings. Furthermore, the text mentions outstanding legal proceedings and the possibility of adverse actions from regulatory authorities or third parties.

The section details various corporate actions, including the maintenance of secretarial records and the transfer of share certificates, noting that some documents were lost during office relocation and a police report was filed regarding the untraceable documents. The company has also faced issues regarding the protection of its trademarks, as various brand names and logos have been applied for but not yet registered. Furthermore, the text discusses past losses, potential product liability risks, and exposure to interest rate risks due to debt financing. It also outlines risks related to loan agreements, the potential for lenders to recall unsecured loans, and the vulnerability of IT systems to various disruptions.

This section primarily details various delays and issues related to statutory filings and payments for the company across different financial years, including delays in GST filings and TDS payments. It also outlines delays in depositing Employee Provident Fund (EPF) and Employees' State Insurance Corporation (ESIC) contributions, with some instances involving technical issues with the bank server. The text also discusses risks related to pricing pressure, the accuracy of industry data used, and the potential for issues arising from intellectual property infringement or employee misconduct.

The provided text discusses various risks related to third-party relationships, market volatility, and regulatory changes in India. Risks include dependence on third parties for operations, potential disruptions from natural disasters, political instability, and economic downturns. Furthermore, the text highlights risks associated with changes in laws and regulations, including tax implications, and the potential for adverse interpretations of existing laws. There are also concerns regarding the enforcement of foreign judgments and the potential for new regulations from the Government of India to impose additional requirements on the company.

This section details various risks related to the trading and listing of the Equity Shares, including potential adverse effects from promoter or significant shareholder divestments. It discusses the flexibility in applying the proceeds of the issue and the lack of appraisal for funding requirements by financial institutions. Furthermore, it outlines potential surveillance measures by stock exchanges and the risks associated with market volatility and the development of an active trading market post-listing. The text also covers various legal and regulatory risks concerning shareholder rights, the impact of different accounting standards (Indian GAAP vs. IFRS), and restrictions related to foreign investment and tax compliance.

The section details the specifics of the public issue, including the number and pricing of equity shares offered. The issue involves a total amount aggregating ₹ 3412.8 Lakhs, with various portions allocated to Market Makers, the public, and Individual Investors. The issue was authorized by the Board of Directors and approved by Shareholders. Furthermore, the issue is conducted under the SEBI (ICDR) Regulations, which mandate minimum allocations for different investor categories (QIBs, Non-Institutional Bidders, and Individual Bidders).

This section provides general information about the company's history, including its incorporation and subsequent name and company structure changes. It details key corporate identification numbers, the date of incorporation, and the date it converted into a Public Limited Company. Furthermore, it outlines the timeline for the issue, specifying when the issue opens and closes. The section also lists various key intermediaries involved in the issue process, such as the Book Running Lead Manager, Registrar, and Legal Counsel.

The Draft Red Herring Prospectus is being filed with the Emerge platform of the National Stock Exchange of India Limited. The filing process involves several regulatory steps concerning the prospectus and contracts. The issue is classified as a 100% Book Built Issue, where the book building process involves collecting bids within a determined price band. The process involves consultation with the Book Running Lead Manager to determine the issue price. The principal parties involved in the book building process include the Company, the Book Running Lead Manager (BRLM), Market Makers, the Registrar to the Issue, the Escrow Collection Bank/Bankers, and SCSBs.

The section discusses limits on the upper side for Market Makers during the market making process, referencing a SEBI Circular dated November 27, 2012. It outlines different thresholds for buy quote exemption and re-entry based on the issue size, including mandatory initial inventory. Furthermore, it states that the market making arrangement and related aspects are subject to applicable laws and norms issued by SEBI/NSE, and these conditions may change based on future regulations. Finally, it mentions that on the first day of listing, there will be a pre-open session (call auction), and trading will occur according to equity market hours, with securities placed in SPOS and remaining in trade for trade settlement for 10 days post-listing.

This section details the authorized and issued equity share capital of the company. It outlines the structure of the share capital, including the authorized shares, the issued capital before the issue, and the details of the present issue, which includes provisions for market makers and allocations to various investor categories. Furthermore, the text provides information on the history of equity share capital, including details of allotments and the current shareholding pattern as of the prospectus date.

The section details the shareholding pattern of Promoters, Promoter Group, and Additional Top 10 Public Shareholders before and after an issue, showing various shareholding percentages. It also lists shareholders holding 1% or more of the paid-up share capital as of the prospectus date and one year prior, and confirms that no shareholders were entitled to equity shares upon exercise of certain rights. Furthermore, it outlines various provisions regarding the lock-in of the Promoters' contribution, including specific timelines for holding shares.

This section details various regulations concerning the lock-in and transferability of equity shares held by persons other than the Promoters, as per SEBI (ICDR) Regulations. It outlines requirements for inscribing non-transferability on certificates and recording lock-in details with Depositories. Furthermore, it discusses the conditions under which locked-in equity shares can be pledged as collateral for loans. The text also covers the transferability of locked-in shares among promoters or to new promoters, subject to continuing the lock-in period. Finally, it confirms that the company has not entered into certain arrangements and clarifies that all equity shares are fully paid up.

The company proposes to utilize the net proceeds from the fresh issue towards several key objectives, including setting up new retail stores, funding working capital, and pursuing general corporate purposes. The gross proceeds from the issue were ₹ 3412.80 Lakhs, and after deducting issue-related expenses of ₹ 464.31 Lakhs, the net proceeds were estimated at ₹ 2,948.49 Lakhs. The utilization plan allocates a significant portion of these funds towards working capital requirements for the financial year 2026-27.

The company projects an aggressive expansion plan, necessitating a significant increase in working capital, with the requirement growing from ₹ 1,355.60 lakhs as of December 31, 2025 to ₹ 4,378.20 lakhs by March 31, 2027. This expansion is driven by new store identifications, improved inventory management, increased B2B revenue, and strategic adjustments to receivables and payables. The IPO proceeds are specifically earmarked to provide a cash buffer for faster vendor settlements and to fund this planned growth. Furthermore, the company intends to use the balance of the fresh issue proceeds for general corporate purposes, including business development and meeting operating expenses.

This section details the basis for determining the Issue Price, which is set at 15.00 times the face value of the Equity Shares at the lower end of the Price Band and 15.80 times the face value at the upper end. The section outlines various quantitative factors, including historical Earnings per Equity Share (EPS), Price to Earnings (P/E) Ratios, Return on Net Worth (RoNW), Net Asset Value (NAV), and industry P/E ratios, which are derived from restated financial information. It also lists Key Performance Indicators (KPIs) used by the company to analyze its business performance.

This section primarily presents financial performance indicators (KPIs) for Vinit Mobile limited compared against industry peers across different financial years. It details various metrics such as revenue, EBITDA, PAT, margins, return on equity, return on capital employed, debt/equity ratios, and current ratios. Furthermore, the text includes a statement regarding possible special tax benefits available to the company and its shareholders under various tax laws.

This section details the statement of possible special tax benefits available to the company and its shareholders under various tax laws in India. It clarifies that there are no special tax benefits available under Direct Tax laws, Indirect Tax laws, or for the shareholders. Furthermore, the statement includes notes clarifying the scope of the statement, advising investors to consult tax advisors, and discussing the implications of a new Section 115BAA of the Act, 2019, which allows domestic companies to compute corporate tax at a reduced rate. This option, when exercised, prevents the company from claiming certain deductions and exemptions under the Act.

This section provides a summary of the financial information for Vinit Mobile limited for the periods ended December 31, 2025, and for the financial years ended March 31, 2025, 2024, and 2023. It includes tables detailing shareholders' equity and liabilities, revenue and profit/loss, and cash flow activities. The data is presented in Lakhs for financial statements.

The company reported no contingent liabilities or capital commitments as of the date of filing the Prospectus for the period ended December 31, 2025, and in the last three fiscal years.

The section details the status of outstanding litigation and legal matters concerning the company, its directors, promoters, and key managerial personnel. It asserts that there is no pending criminal litigation, statutory or regulatory actions, outstanding tax liabilities, or proceedings for economic offenses against the company or its related parties. Furthermore, it confirms that no disciplinary actions have been imposed by SEBI or stock exchanges against the promoters or directors in the last five financial years. The document also addresses outstanding dues to creditors, specifically highlighting amounts owed to micro, small, and medium enterprises and material creditors.

The company has obtained various consents, licenses, and approvals from the Government and various governmental agencies required for its business activities. The section details several approvals related to the company's incorporation, the issuance of securities, and various tax registrations, including PAN, TAN, and GST registrations for different locations. Furthermore, there are numerous registrations related to labour laws and professional tax, as well as registrations under respective shop acts across different parts of Gujarat and Surat.

This section primarily details various professional tax and shop registration processes across different locations in Gujarat, including Surat, as evidenced by numerous intimation numbers and registration numbers. Several premises were noted as not taken due to issues with Vera Bill clearance, meaning the company could not obtain necessary registrations. Furthermore, the section lists several trademarks and brand names related to mobile devices, including applications for name changes and ownership transfers, some of which are pending.

The section details various aspects related to the company's group companies, regulatory approvals, and compliance with SEBI regulations for an issue. It clarifies that the company has considered certain companies as group companies based on related party transactions and materiality policies. Furthermore, it outlines approvals obtained from the Board and shareholders for the issue, and confirms adherence to various SEBI regulations concerning market access, promoter conduct, and the issuance process.

The section primarily details the company's compliance with various regulations and track record criteria for listing on the NSE Emerge platform. It outlines the company's incorporation history, changes in its name, and paid-up capital details. Furthermore, it provides financial performance metrics such as operating profits and free cash flow to equity over previous financial years. The text also confirms adherence to conditions precedent for listing under various statutes and details agreements with depository services. Finally, it includes disclaimers regarding promoter group disclosures and the process for making an Initial Public Issue.

This section primarily deals with various legal and regulatory disclaimers, filing procedures, and consents related to the Draft Red Herring Prospectus. It outlines jurisdiction for disputes, permissions granted by the NSE, and the filing status with SEBI. It also details the process for investor grievances, including the roles of the Registrar to the Issue and the Company's commitment to resolving such issues.

The section details various compliance and procedural aspects related to the issuance of equity shares, including interactions with regulatory bodies and investor grievances. It mentions obtaining authentication for SCORES in compliance with various SEBI circulars, confirming no investor complaints during the preceding three years, and outlining various restrictions regarding the capitalization of reserves, revaluation of assets, and tax implications for resale. Furthermore, it specifies the legal framework governing the issue, the payment modalities (ASBA and UPI mechanisms), the authority for the issue, and the rules for ranking of equity shares and payment of dividends.

This section primarily details various procedural aspects related to the issuance of equity shares, including nominee election rights, procedures for withdrawal of the issue, and a detailed timetable for the allotment and commencement of trading. It also outlines rules regarding bid submission times, handling of delayed funds, and various regulatory criteria for migration of securities from the SME exchange to the main board. Furthermore, it specifies requirements for underwriting, minimum subscription levels, and conditions for listing eligibility.

This section details the jurisdiction for the issue, the structure of the public offering, and the timeline for the allotment process. The issue is being made under Regulation 229(1) of Chapter IX of the SEBI (ICDR) Regulations, 2018, limiting the post-issue paid-up capital. The offering involves a Book Building Process for the issuance of equity shares, with specific details on the reservation of shares for different investor categories, including Market Maker Reservation and a Net Issue to the public. Various timelines are provided for the bid/issue opening, closing, finalization of the basis of allotment, and the initiation of allotment.

This section details various procedural aspects related to the public issue, including the use of different payment mechanisms like UPI, the phased implementation of the UPI mechanism, and the book-building process under SEBI regulations. It outlines the rules for allocation of equity shares among different investor categories, such as QIBs, Mutual Funds, and Non-Institutional Investors, and specifies the requirements for submitting bid cum application forms.

This section primarily details various categories of investors eligible to participate in the Issue, such as different types of Funds, Trusts, and Insurance entities. It also outlines specific rules regarding the application size and withdrawal rights for different bidders. Furthermore, it provides extensive procedural guidelines for the bidding process, including the timing for issue periods, the method for submitting applications, and the handling of bids from Anchor Investors versus other categories. It also specifies rules for revising price bands and the rights of various parties concerning the allotment.

This section details various restrictions and procedures related to different categories of investors bidding for the equity shares, including Anchor Investors, Eligible NRIs, FPIs, SEBI-registered FIIs, SEBI registered VCFs, AIFs, HUFs, Mutual Funds, Systemically Important Non-Banking Financial Companies, Limited Liability Partnerships, Insurance Companies, and various funds. It outlines specific requirements for documentation, such as registration certificates, financial statements, and power of attorney, depending on the bidder category. Furthermore, it specifies different payment mechanisms like the Application Supported by Blocked Amount (ASBA) process and details the handling of funds and applications by various intermediaries.

This section details various procedural requirements and responsibilities related to the submission and processing of applications for the Issue, including the roles of different intermediaries and the handling of funds. It outlines procedures for sending applications, the electronic facility for registering applications, and the verification of bidder details against depository records. Furthermore, it specifies rules regarding the withdrawal of bids, price discovery mechanisms, and the process for finalizing the issue price based on demand.

This section primarily outlines various instructions and technical rejections related to the submission of bids and applications for equity shares. It details requirements such as using the correct identification numbers (like PAN), ensuring sufficient funds are blocked for bids, and adhering to rules regarding joint bids and multiple bids. Furthermore, it lists numerous technical grounds for rejecting bids, including mismatches in submitted details, incorrect pricing, issues with contract competency, and non-compliance with various securities laws. The text also covers the basis for allotment, including how demand is grouped and how shares are allocated to different categories like Individual Investors, Non-Institutional Investors, and Qualified Institutional Buyers (QIBs) based on oversubscription levels.

This section details various rules and procedures related to the allotment of equity shares, including provisions for oversubscription, the role of different investor categories, and the process for issuing allotment advice. It outlines requirements for applications, including the use of third-party bank accounts, and specifies timelines for allotment, credit of shares, and refund processes. Furthermore, the text discusses compliance with various regulations concerning the issuance of securities, including provisions related to foreign investment restrictions and the registration status of the equity shares in different jurisdictions.

This section primarily outlines the main provisions of the Articles of Association for Vinit Mobile limited, covering aspects such as share capital, rights, lien provisions, calls on shares, and the transfer and transmission of shares. It details rules regarding the issuance, control, and disposal of shares, including procedures for dealing with worn-out certificates, the rights of joint holders, and the process for forfeiting shares due to non-payment of calls.

This section of the DRHP outlines various provisions related to the company's corporate actions, including the handling of share forfeiture, changes to the share capital, capitalization of profits, the buyback of shares, and the procedures for general and board meetings. It details rules concerning the transferability of shares, the power to increase or modify share capital, and the methods by which profits can be capitalized for distribution among members. Furthermore, it covers the powers of the Board of Directors, including the ability to borrow funds, the appointment of directors and managing directors, and the procedures for conducting board meetings.

This section primarily details procedural aspects related to the Board and committees, including the delegation of powers, the election of a Chairperson for committees, and the validity of resolutions passed by the Board or committees. It also outlines provisions concerning dividends, including the Board's power to recommend dividends, the setting aside of profits as reserves, and the apportionment of dividends. Furthermore, the text covers various aspects related to the inspection of company accounts and documents, the material contracts for the issue, and the necessary documents for the issue, such as various agreements, incorporation certificates, and examination reports.

The provided section primarily consists of various declarations signed by different directors affirming compliance with various laws and regulations, including the Companies Act, 2013, and guidelines issued by the Government of India or SEBI. These declarations certify that the statements made in the Prospectus are true and correct and do not omit any material fact that would be misleading. The declarations are signed by the Chairman and Managing Director, a Non-Executive Director, and two Non-Executive Independent Directors.

The provided section consists only of declarations by the Company Secretary and Chief Financial Officer affirming compliance with various laws and regulations, including the Companies Act, 2013, and SEBI regulations. These declarations certify that the statements made in the Prospectus are true and correct and do not omit any material facts.

This section details the summary of related party transactions derived from restated financial information for various periods. It lists directors and key managerial personnel, members of their families, and entities with whom transactions occurred. The transactions are categorized into remuneration, repayment of unsecured loans, advance for goods repaid, interest on unsecured loans, purchase of goods, sales of goods, sales returns, and rent expense, with corresponding amounts and percentages of total sales provided for different financial years.

The company has five directors on its Board, consisting of one Chairman and Managing Director, one Non-Executive Director, and three Non-executive Independent Directors. The Board structure is authorized by the Articles of Association to have a minimum of three and a maximum of fifteen Directors. The document details the directorships and appointment terms for each director, including their tenure and remuneration structures. Various confirmations were provided regarding relationships between directors, lack of involvement with certain regulatory issues, and arrangements with major shareholders or others.

The management section details various aspects related to the company's directors, including their shareholding, interest declarations, and the structure of the Board and its committees. The section specifies that no directors are currently party to bonus or profit-sharing plans, and clarifies the extent to which directors may be deemed interested in transactions or holdings based on remuneration, related party dealings, or shareholdings. The text also outlines the compliance framework with various regulations, including the Companies Act, 2013, and SEBI (LODR) Regulations, 2015, and details the composition and powers of the Audit and Stakeholders Relationship Committees.

The section details various committees and personnel roles within the company structure. It outlines the function and terms of reference for the Stakeholder Relationship Committee and the Nomination and Remuneration Committee, including their respective meeting frequencies and quorum requirements. Furthermore, it lists the Key Managerial Personnel, such as the Chief Financial Officer and Company Secretary, along with their qualifications and prior experience. It also details the Senior Management Personnel, including the Admin Head and Cluster Manager, and clarifies various aspects concerning their employment, such as equity shareholding, compensation, and service contracts.

The company's promoters are Mr. Vinit Jalan and Mrs. Shweta Jalan, collectively holding 85.60% of the pre-issued equity shares. Mr. Vinit Jalan is the Chairman and Managing Director, holding 49.80% of the pre-issue shares, and Mrs. Shweta Jalan is a Non-Executive Director, holding 35.80%. The company confirms that no corporate promoter exists, and they have made undertakings regarding compliance with market regulations and financial defaults. The company has entered into a Non-Compete Agreement with certain proprietorship concerns and has surrendered GSTINs for those entities.

The section outlines various criteria for determining promoter group involvement in the company, including thresholds for corporate holdings, membership in certain firms, or aggregate shareholding in HUFs. It also mentions specific entities like CH Fintech Private Limited, Vinit Ravi Shankar Jalan HUF, Ravishankar Jalan HUF, Vikaskumar R Jalan HUF, and Shiv Mahima Sarees, Mamta Polyfab. Furthermore, it discloses that certain dissenting members, Mr. Vikas Jalan and Mrs. Mamta Saraf, have filed an exemption application with SEBI. The text also notes a non-compete agreement between Mr. Vinit Jalan and Mrs. Ranjana Jalan concerning Vinit Mobile, which is a separate sole-proprietorship concern.

This section primarily contains financial statements and related notes for Vinit Mobile limited, including statements of assets and liabilities, profit and loss, and cash flows. The provided text details various financial figures across different reporting periods, including revenue, expenses, profit before tax, and net cash flows. The statements are prepared and reviewed by Chartered Accountants, R V D & Co, for the Board of Directors.

This section details various financial and accounting aspects of Vinit Mobile limited, including cash flow statements, accounting policies, and classifications. It covers the basis for preparing financial statements, the application of accounting standards, the treatment of assets and liabilities, and considerations regarding going concern and related party transactions. The company has undergone several name and incorporation changes over time.

This section details various accounting policies, financial statement preparations, and share capital structure for Vinit Mobile limited. It covers the classification of cash flows, treatment of foreign currency transactions, contingent liabilities, and notes on restatement adjustments made to the audited financial statements. Furthermore, it provides a reconciliation of the equity share capital, showing the holdings of various individuals in the company.

The section details the shareholding structure of Vinit Mobile limited, showing various shareholdings for the period ended December 31, 2025, including holdings by the promoters and their group. The shareholding breakdown shows that Vinit Jalan holds 49.80% of the shares, and Shweta Jalan holds 35.80%. The promoter group includes Ranjana Jalan and Ravishankar Jalan, along with Vandana Agarwal and Vijaya Todi, holding a combined 14.10% of the shares. The document also covers the movement of equity shares over five years, details regarding bonus shares issued, and information on borrowings from directors and officers.

This section details various financial provisions and balances for Vinit Mobile limited, including deferred tax assets and liabilities, trade payables, other current liabilities, and property, plant, and equipment. The data shows trends in these provisions across different years, with specific figures for provisions for employee benefits, tax, and various payables. Furthermore, it outlines the movement in the balance of property, plant, and equipment over several years.

This section details various financial statements and asset/liability schedules for Vinit Mobile limited, including statements for different reporting dates. It includes data on Capital Work in Progress, Intangible Assets, Loans and Advances, Other Assets, Inventories, Trade Receivables, and Cash and Cash Equivalents. The data provided covers balances as of December 31, 2025, and March 2025, with historical data for 2024 and 2023.

This section details various financial statements and ratios for Vinit Mobile limited (Formerly Known as Vinit Mobile Private Limite) for the period ended December 31, 2025. It includes statements for revenue from operations, other income, purchase of stock-in-trade, employee benefits, finance costs, depreciation, other expenses, and accounting and other ratios. The data provided covers different financial metrics such as net worth, profit after tax, return on net worth, and earnings per share.

This section details various financial and related party transactions for Vinit Mobile limited, including tax statements, capitalization details, and transactions involving directors, key managerial personnel (KMP), and their family members. The text provides figures for profit before tax, borrowings, and specific transactions such as remuneration, sitting fees, loan repayments, and advances for goods. It also lists various directors and independent directors, along with their respective family relations to the company's management and the entities involved in transactions.

The provided text details various unsecured loans and payables owed by different individuals and entities to the company, including amounts for various types of liabilities such as loans, rent, and salaries. It also mentions advances from customers and various director fees. Furthermore, the text includes notes clarifying that acceptance of unsecured loans includes both principal and accrued interest, and that certain loans were repaid by a former director. The text also contains financial ratio analysis showing trends in the company's financial health over different fiscal years.

This section primarily details financial movements and compliance disclosures for Vinit Mobile limited. It includes data on the movement of defined benefit obligations, corporate social responsibility activities, and various compliance statements. Key points cover the status of financial filings, the absence of certain transactions, and assurances regarding the company's dealings with other entities and directors' personal expenses.

This section primarily details the availability of audited financial statements and various financial indebtedness information related to the company. It specifies that financial statements are available on a particular website, and clarifies that they should not be relied upon for investment decisions. Furthermore, it outlines the details of borrowings, including long-term and short-term facilities, and provides specifics regarding the security and terms associated with loans from banks and financial institutions.

The provided text discusses various aspects of the company's financial condition, including repayment terms for loans, management's discussion and analysis of financial performance, and details about the business operations. The company operates a multi-brand mobile retail chain under a COCO model, dealing in various mobile handsets and accessories across 35 retail outlets in Gujarat and Rajasthan. The company's incorporation history shows changes in its name and certificate of incorporation following a change in promoters and management. The text also details key performance indicators and observations regarding leverage and liquidity.

This section details various financial metrics and comparisons across different fiscal years, focusing on revenue, expenses, and profitability. Revenue from operations showed significant growth, with revenue jumping from ₹2,856.32 lakhs in FY 2023-24 to ₹5,998.86 lakhs in FY 2024-25. The analysis also covers changes in inventory, employee benefits, finance costs, depreciation, and other expenses, highlighting how these factors contributed to changes in gross margin and net profit. The text also compares financial performance between different periods and discusses the strategic shift towards B2B sales.

The provided text details various cash flows and operating performance metrics for different financial years, including net cash used/generated from operating activities, investing activities, and financing activities. It also includes disclosures regarding unusual events, economic changes, and the nature of the company's business and customer dependence. The company operates in the multi-brand mobile retail sector, specializing in smartphones, tablets, and mobile accessories.