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i. Consequent upon the termination of the Shareholders agreement and its provisions
contained here in the Articles of the Association of the Company, nothing contained
in Section 56 of the Act or these Articles shall apply to a transfer of Securities effected
by transferor and transferee both of whom are entered as Beneficial Owners in the
records of a Depository.

ii. In the case of transfer or transmission of shares or other Securities where the Company
has not issued any certificates and where such shares or Securities are being held in
any electronic or fungible form in a Depository, the provisions of the Depositories Act
shall apply.

iii. All the aforesaid provisions with respect to rights of depositories and beneficial owners
with respect to transfer of securities are subject to Article (s) 8 to 29 of the Articles of
Association of the Company.

Allotment of Securities dealt with in a Depository:

Notwithstanding anything in the Act or these Articles, where Securities are dealt with by a
Depository, the Company shall intimate the details of allotment of relevant Securities thereof to
the Depository immediately on allotment of such Securities.

Certificate Number and other details of Securities in Depository:

Nothing contained in the Act or these Articles regarding the necessity of having certificate
number/distinctive numbers for Securities issued by the Company shall apply to Securities held
with a Depository.

Provisions of Articles to apply to Shares held in Depository:

Except as specifically provided in these Articles, the provisions relating to joint holders of
shares, calls, lien on shares, forfeiture of shares and transfer and transmission of shares shall be
applicable to shares held in Depository so far as they apply to shares held in physical form
subject to the provisions of the Depositories Act.

Depository to furnish information:

Every Depository shall furnish to the Company information about the transfer of securities in
the name of the Beneficial Owner at such intervals and in such manner as may be specified by
Law and the Company in that behalf.

Option to opt out in respect of any such Security:

Subject to compliance with applicable Law, if a Beneficial Owner seeks to opt out of a
Depository in respect of any Security, he shall inform the Depository accordingly. The
Depository shall on receipt of such information make appropriate entries in its records and shall
inform the Company. The Company shall within 30 (thirty) days of the receipt of intimation
from a Depository and on fulfilment of such conditions and on payment of such fees as may be
specified by the regulations, issue the certificate of securities to the Beneficial Owner or the
transferee as the case may be.

The Company, in a General Meeting of the Members, in person or proxy or by any other means, as may
be permitted may on the recommendation of the Board with in the permissible provisions of the
Companies Act, 2013 and the rules made there under, direct capitalization of the whole or any part of the
undivided profits for the time being of the Company or the whole or any part of the Reserve Fund or
other funds of the Company including the moneys in the Securities Premium Account and the Capital
Redemption Reserve Account or the premiums received on the issue of any shares, debentures or
debenture-stock of the Company and that such sum be accordingly set free for the purpose, (1) by the

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