filed with the CIT (A) Bangalore by Deccan. On February 7, 2020, the Deputy Commissioner of Income Tax — Circle
2 (1) (2) (DCIT”) submitted a remand report to the CIT (A) Bangalore stating that as per the VAT laws of Karnataka,
VAT is paid on the MRP of goods and therefore the financials of Deccan are in line with the VAT returns for the
financial year 2016 - 2017. On March 12, 2020, Deccan submitted its response to the remand report to CIT (A)
Bangalore stating that since the DCIT has mentioned that the financials of Deccan are in line with the VAT returns,
the additional amount payable ought to be deleted. The appeal order is yet to be received from the CIT (A) Bangalore.
The matter is currently pending.

Outstanding dues to Creditors

As of September 30, 2021, our Company has 1,281 creditors, and the aggregate outstanding dues to these creditors by our
Company are 22,235.04 million. Further, our Company owes an amount of 8.19 million to micro, small and medium enterprises
as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

In accordance with the policy of materiality for identification of material outstanding dues to creditors considered and adopted
by our Board pursuant to the Board resolution dated November 22, 2021, a creditor of the Company shall be considered to be
material for the purpose of disclosure in the Offer documents if the amounts due to such creditor exceed 5% of the total trade
payables (excluding provisions) of the Company as of September 30, 2021, which is 2111.75 million i.e., creditors of our
Company to whom our Company owes an amount exceeding 2111.75 million have been considered material. As of September
30, 2021, there are four material creditors to whom our Company owes an aggregate amount of ?737.77 million.

Details of outstanding dues owed to material creditors, MSMEs and other creditors as of September 30, 2021 are set out below:

 

 

 

 

 

‘Types of Creditors Number of Creditors Amount involved (in % million)
Micro, Small and Medium Enterprises 31 8.19
Material Creditors 4 737.77
Other Creditors 1,246 1489.08
Total 1,281 2,235.04

 

 

 

 

 

The details pertaining to net outstanding dues towards our material creditors are available on the website of our Company at
https:// www.medplusindia.com/financials.jsp.

It is clarified that such details available on our website do not form a part of this Prospectus. Anyone placing reliance on any
other source of information, including our Company’s website, https://www.medplusindia.com, would be doing so at their own
risk.

Material Developments

Other than as stated in the section titled “Management's Discussion and Analysis Of Financial Condition And Results Of
Operations” on page 283, there have not arisen, since the date of the last financial statement disclosed in this Prospectus, any
circumstances which materially and adversely affect, or are likely to affect, our operations, our trading, our profitability or the
value of our assets or our ability to pay our liabilities within the next 12 months.

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