Mobilise App Lab Ltd IPO

The immediate relatives of its promoters, who are deemed to be a part of the Promoter Group under the SEBI ICDR Regulations have not provided consent, information or any confirmations or undertakings pertaining to themselves which are required to be disclosed as part of the Promoter Group in this Draft Red Herring Prospectus.

Substantial portion of our revenues has been dependent upon Top 1 Client and also on few clients (Top 10). The loss of any one or more of our major clients would have a material effect on our business operations and profitability.

Majority of our sales for the last 3 years is dependent majorly on Maharashtra. Any loss of business from may adversely affect our revenues and profitability.

Substantial portion of our revenues has been dependent upon our software product i.e. HRevO. The loss of any one or more of our major clients would have a material effect on our business operations and profitability.

The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.

The company's Promoters play a vital role in the development and growth of its business operation. Any loss of their services or reduced involvement may adversely affect the company's business, operations, and financial condition.

If the company fails to attract and retain IT professionals, the company's promoters, directors and senior management we may not have the necessary resources to properly staff projects and failure to successfully compete for such IT professionals could adversely affect its business, financial condition and results of operations.

The company's trademarks related to our company logo and products are pending and the company does not own the trademark legally as on date. The company may be unable to adequately protect its intellectual property. Furthermore, the company may be subject to claims alleging breach of third-party intellectual property rights.

The Company may incur penalties or liabilities for delays in filings with certain provisions of the GST Act, Income Tax Act, and other applicable laws in the last 5 Years.

The company's Restated Financial Statements are Prepared and Signed by the Peer Review Chartered Accountants who is not Statutory Auditors of the Company.