SECTION VI: LEGAL AND OTHER INFORMATION
OUTSTANDING LITIGATION AND MATERIAL DEVELOPMENTS

Except as disclosed in this section, there is no outstanding (i) criminal proceeding; (ii) action taken by regulatory or statutory
authorities; (iii) claim related to direct and indirect taxes (in a consolidated manner); and (iv) other pending litigation as
determined to be material as per the materiality policy adopted pursuant to the Board resolution dated August 3, 2021 in each
case involving our Company, its Subsidiaries, Promoters and Directors (“Relevant Parties”). Further, except as disclosed in
this section, there are no disciplinary actions including penalties imposed by SEBI or the Stock Exchanges against our
Promoters in the last five financial years including any outstanding action. Further, there are no pending litigation involving
our Group Company which has a material impact on our Company.

For the purpose of identification of material litigation in (iv) above, our Board has considered and adopted the following policy
on materiality with regard to outstanding litigation involving the Relevant Parties to be disclosed by our Company in this
Prospectus pursuant to the Board resolution dated August 3, 2021:

All outstanding litigation, including any litigation involving the Relevant Parties, other than criminal proceedings, actions by
regulatory authorities and statutory authorities, disciplinary action including penalty imposed by SEBI or stock exchanges
against the Promoters in the last five financial years including any outstanding action and tax matters (direct or indirect),
would be considered ‘material’ if: (i) the monetary amount of claim by or against the entity or person in any such pending
proceeding is in excess of 1.00% of the consolidated profit after tax of our Company for the last completed Fiscal as per the
Restated Consolidated Financial Information i.e. %6.31 million, being 1.00% of the consolidated profit after tax of our Company
for the Fiscal 2021; or (ii) where monetary liability is not quantifiable, the outcome of any such pending proceedings may have
a material bearing on the business, operations, performance, prospects or reputation of our Company.

It is clarified that for the above purposes, pre-litigation notices received by Relevant Parties (excluding statutory/ regulatory/
tax authorities or notices threatening criminal action), have not been considered as litigation until such time that the Relevant
Parties are not impleaded as a defendant in the litigation proceedings before any judicial forum. We have also disclosed matters
relating to direct and indirect taxes involving the Relevant Parties in a consolidated manner giving details of number of cases
and total amount involved in such claims.

Except as stated in this section, there are no material outstanding dues to creditors of our Company. For this purpose, our
Board has pursuant to the Board resolution dated November 22, 2021 considered and adopted a policy of materiality for
identification of material outstanding dues to creditors. In terms of this materiality policy, outstanding dues to any creditor of
our Company having a monetary value which exceeds 5% of the trade payables (excluding provisions) of our Company as of
September 30, 2021 shall be considered as ‘material’. Accordingly, as on September 30, 2021, any outstanding dues exceeding
2111.75 million have been considered as material outstanding dues for the purposes of disclosure in this section.

For outstanding dues to any micro, small or medium enterprise, the disclosure shall be based on information available with
our Company regarding the status of the creditor as defined under the Micro, Small and Medium Enterprises Development Act,
2006 as amended, read with the rules and notification thereunder.

Litigation involving our Company
Litigation against our Company
Material Civil Litigation

Nil

However, our Company has been named as a party to one consumer complaint that falls below the materiality threshold. For
details, see - “Litigation against our Subsidiaries — Material Civil Litigation” on page 305.

Criminal Litigation
Nil
Actions Taken by Regulatory and Statutory Authorities

On March 31, 2020, Gangadi Investments Private Limited (“GIPL”) transferred 1,199 equity shares of face value 210 each of
our Company held in dematerialised form to Shore Pharma LLC, a non-resident entity (“GIPL Transfer”), for which GIPL
filed a form FC-TRS. GIPL received an email from the RBI dated June 2, 2020 approving the said transfer and advising the
Company to pay a late submission fee of 334,515 for contravention under Regulation 4 (3) of the RBI notification no. FEMA
395/2019-RB dated October 17, 2019, and to apply for compounding of the contravention under Regulation 4 of the RBI
notification no. FEMA 20(R)/ 2017-RB dated November 7, 2017. GIPL, through its authorised dealer bank, submitted a letter
dated June 3, 2020 to the RBI explaining that it was not in contravention of Regulation 4. GIPL requested the RBI for waiver
of late submission fees, waiver of applying for compounding and to approve the GIPL Transfer unconditionally. The
recommendation to pay late submission fees and to apply for compounding was reiterated in the letter from the RBI dated
October 26, 2020. Subsequently, our Company filed an application for compounding on July 5, 2021 (“Compounding

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