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

Except as stated in this section, there are no (i) outstanding criminal proceedings involving our Company,
Promoters or Directors; (ii) outstanding actions taken by statutory or regulatory authorities involving our
Company, Promoters or Directors; (iii) outstanding claims involving our Company, Promoters or Directors for
any direct or indirect tax liabilities (disclosed in a consolidated manner giving the total number of claims and the
total amounts involved); (iv) outstanding litigations as determined to be material by our Board as per the
materiality policy by way of its resolution dated August 9, 2021 in accordance with the SEBI ICDR Regulations
(“Materiality Policy ”); (v) disciplinary actions including penalty imposed by the SEBI or stock exchanges against
our Promoters in the last five Financial Years including outstanding actions; (vi) outstanding litigation involving
our Group Company which has a material impact on our Company.

In accordance with the Materiality Policy:

(a) all pending litigation involving our Company, our Promoters or Directors, other than criminal
proceedings, actions taken by statutory or regulatory authorities, outstanding claims related to any direct
or indirect taxes and disciplinary actions including penalty imposed by the SEBI or stock exchanges
against our Promoters, would be considered ‘material’, if the monetary amount of claim made by or
against our Company, our Directors and Promoters in any such pending proceeding is in excess of 1%
of the revenue from operations of our Company as per the last full year restated financial information
being Fiscal 2021, being % 25.07 million or any such litigation, the outcome of which would materially
and adversely affect our Company’s business, prospects, operations, financial position or reputation,
irrespective of the amount involved in such litigation.

(b) outstanding dues to any creditor of our Company having monetary value exceeding % 5.89 million, which
is 5% of the total trade payables of our Company as on June 30, 2021, as per the Restated Financial
Information of our Company included in this Prospectus, shall be considered as ‘material’. Accordingly,
as on March 31, 2021, any outstanding dues exceeding & 5.89million have been considered as material
outstanding dues for the purpose of disclosure in this section. Further, for outstanding dues to any party
which is a micro, small or medium enterprise, the disclosure will be based on information available with
the Company regarding status of the creditor as defined under Section 2 of the Micro, Small and Medium
Enterprises Act, 2006, as amended.

Further, it is clarified that for the purpose of the above, pre-litigation notices (other than those issued by
governmental, statutory or regulatory authorities) received by our Company, our Promoters or Directors shall
not be considered as litigation until such time that any of our Company, our Promoters or Directors, as the case
may be, is made a party to proceedings initiated before any court, tribunal or governmental authority, or is
notified by any governmental, statutory or regulatory authority of any such proceeding that may be commenced.

Unless stated to the contrary, the information provided below is as of the date of this Prospectus.

L LITIGATION INVOLVING OUR COMPANY
A. Outstanding litigations against our Company
Criminal proceedings
Nil.

Actions taken by statutory and regulatory authorities involving our Company
Nil.
Civil proceedings
Nil.
B. Outstanding litigations by our Company

Criminal proceedings

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