one-third were required to be reserved for domestic Mutual Funds, subject to valid Bids have been received from domestic
Mutual Funds at or above the Anchor Investor Allocation Price Further, 5% of the Net QIB Portion were required to be made
available for allocation on a proportionate basis only to Mutual Funds, and spill-over from the remainder of the Net QIB Portion
were required to be made available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including
Mutual Funds, subject to valid Bids having been received at or above the Offer Price. Further, not less than 15% of the Net
Offer were required to be made available for allocation on a proportionate basis to Non-Institutional Investors and not less than
35% of the Net Offer were required to be made available for allocation to Retail Individual Bidders in accordance with the
SEBI ICDR Regulations, subject to valid Bids having been received at or above the Offer Price.

Further, the Offer includes a reservation of 69,637* Equity Shares, aggregating up to ?50 million, for subscription by Eligible
Employees. The Employee Reservation Portion shall not exceed 0.06% of our post-Offer paid-up equity share capital subject
to valid Bids being received at or above the Offer Price, net of Employee Discount, if any.

Subject to finalisation of the Basis of Allotment
The Equity Shares, on Allotment, shall be traded only in the dematerialized segment of the Stock Exchanges.

Investors should note that the Equity Shares will be Allotted to all successful Bidders only in dematerialised form. The
Bid cum Application Forms which did not have the details of the Bidders’ depository account, including DP ID, Client
ID, PAN and UPI ID, as applicable, were be treated as incomplete and were liable to be rejected. Bidders did not have
the option of being Allotted Equity Shares in physical form. However, they may get the Equity Shares rematerialised
subsequent to Allotment of the Equity Shares in the IPO.

Investors must ensure that their PAN is linked with Aadhaar and are in compliance with the notification issued by the
Central Board of Direct Taxes dated February 13, 2020 and the press release dated June 25, 2021.

Phased implementation of UPI Mechanism

SEBI has issued the UPI Circulars in relation to streamlining the process of public issue of, inter alia, equity shares. Pursuant
to the UPI Circulars, the UPI Mechanism has been introduced in a phased manner as a payment mechanism (in addition to
mechanism of blocking funds in the account maintained with SCSBs under ASBA) for applications by RIBs through Designated
Intermediaries with the objective to reduce the time duration from public issue closure to listing from six Working Days to up
to three Working Days. Considering the time required for making necessary changes to the systems and to ensure complete and
smooth transition to the UPI payment mechanism, the UPI Circulars have introduced the UPI Mechanism in three phases in the
following manner:

Phase I: This phase was applicable from January 1, 2019 until March 31, 2019 or floating of five main board public issues,
whichever was later. Subsequently, the timeline for implementation of Phase I was extended till June 30, 2019. Under this
phase, an RIB had the option to submit the ASBA Form with any of the Designated Intermediary and use his/ her UPI ID for
the purpose of blocking of funds. The time duration from public issue closure to listing continued to be six Working Days.

Phase II: This phase has become applicable from July 1, 2019. Under this phase, submission of the ASBA Form without UPI
by RIBs to Designated Intermediaries (other than SCSBs) for blocking of funds will be discontinued. However, the time
duration from public issue closure to listing would continue to be six Working Days during this phase. SEBI vide its circular
no. SEBI/HO/CFD/DCR2/CIR/P/2019/133 dated November 8, 2019 extended the timeline for implementation of UPI Phase II
till March 31, 2020. Further, pursuant to SEBI circular dated March 30, 2020, this phase has been extended till further notice.

Phase III: The commencement period of Phase III is yet to be notified. In this phase, the time duration from public issue closure
to listing would be reduced to three Working Days.

The Offer will be made under UPI Phase II of the UPI Circular, unless UPI Phase III of the UPI Circular becomes effective and
applicable on or prior to the Bid/Offer Opening Date. If the Offer is made under UPI Phase III of the UPI Circular, the same
will be advertised in shall be advertised in all editions of the English national daily newspaper Financial Express, all editions
of the Hindi national daily newspaper Jansatta and Hyderabad edition of the Telugu daily newspaper Suryaa (Telugu being the
regional language of Telangana, where our Registered and Corporate Office is located), each with wide circulation on or prior
to the Bid/Offer Opening Date and such advertisement shall also be made available to the Stock Exchanges for the purpose of
uploading on their websites.

All SCSBs offering facility of making application in public issues shall also provide facility to make application using UPI.
Our Company will be required to appoint one of the SCSBs as a sponsor bank to act as a conduit between the Stock Exchanges
and NPCI in order to facilitate collection of requests and / or payment instructions of the Retail Individual Bidders using the
UPI.

Pursuant to the UPI Circulars, SEBI has set out specific requirements for redressal of investor grievances for applications that
have been made through the UPI Mechanism. The requirements of the UPI Circular include, appointment of a nodal officer by
the SCSB and submission of their details to SEBI, the requirement for SCSBs to send SMS alerts for the blocking and
unblocking of UPI mandates, the requirement for the Registrar to submit details of cancelled, withdrawn or deleted applications,
and the requirement for the bank accounts of unsuccessful Bidders to be unblocked no later than one Working Day from the

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