17.

18.

19.

20.

21.

22.

The BRLMs and their respective associates (as defined under the Securities and Exchange Board of India
(Merchant Bankers) Regulations, 1992) do not hold any Equity Shares as on the date of this Prospectus.
The BRLMs and their respective associates may engage in transactions with, and perform services for
our Company, the Selling Shareholders and their respective affiliates or associates in the ordinary course
of business, and have engaged, or may in the future engage in commercial banking and investment
banking transactions with our Company or the Selling Shareholders or their respective affiliates or
associates for which they have received, and may in future receive compensation.

No person connected with the Offer, including, but not limited to, our Company, the members of the
Syndicate, our Directors, Promoter or the members of our Promoter Group, shall offer in any manner
whatsoever any incentive, whether direct or indirect, in cash, in kind or in services or otherwise to any
Bidder for making a Bid. Further, no payment, direct or indirect benefit in the nature of discount,
commission and allowance or otherwise shall be offered or paid either by our Company or our Promoter
to any person in connection with making an application for or receiving any Equity Shares pursuant to
this Offer.

There are no outstanding warrants, options or rights to convert debentures, loans or other convertible
instruments into Equity Shares as on the date of this Prospectus.

There will be no further issue of Equity Shares whether by way of issue of bonus shares, preferential
allotment, rights issue or in any other manner during the period commencing from the date of this
Prospectus with SEBI until the Equity Shares have been listed on the Stock Exchanges or all application
monies have been refunded, as the case may be.

Neither our Promoter nor our Promoter Group will participate in the Offer except to the extent of the
participation by our Promoter in the Offer for Sale.

Our Company shall ensure that any transactions in the Equity Shares by our Promoter and the Promoter
Group during the period between the date of filing the Draft Red Herring Prospectus in relation to this
Offer and the date of closure of the Offer shall be reported to the Stock Exchanges within 24 hours of the
transactions.

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