@

48) Allotment of 160,147 Series C2 CCPS to PI Opportunities Fund - I, category II alternative investment fund registered under Securities and
Exchange Board of India (Alternative Investment Funds) Regulations, 2012, represented by its trustee Hasham Premji Private Limited

9) Allotment of 639,485 Equity Shares to PI Opportunities Fund ~ I, a category II alternative investment fund registered under Securities and
Exchange Board of India (Alternative Investment Funds) Regulations, 2012, represented by its trustee Hasham Premji Private Limited upon
conversion of 160,147 Series C2 CCPS

(22) Allotment of 4,000,000 0.0001% redeemable preference shares to IL&FS Trust Company Limited in its capacity as trustee to TVS Shriram
Growth Fund I, 4,000,000 0.0001% redeemable preference shares to IL&FS Trust Company Limited in its capacity as trustee to Indiaventure
Trust ~ Fund 1 a scheme of Indiaventure Trust, 4,000,000 0.0001% redeemable preference shares to IL&FS Trust Company Limited in its
capacity as trustee to Indiaventure Trust ~ Fund II a scheme of Indiaventure Advisors Trust, 180,000 0.0001% redeemable preference shares
to M/s Merlin Holdings Private Limited and 53,118 0.0001% redeemable preference shares to M V Satyanarayana Raju

2) Allotment of 5,359 Equity Shares to Gangadi Investments Private Limited upon conversion of 12,233,118 preference shares of 210 held by
it

Pursuant to the Board resolution dated November 22, 2021, 15,911,807 Preference Shares were converted to
79,559,035 Equity Shares pursuant to the terms and conditions of the preference Shares. For details of the allottees,
see “Capital Structure — Share Capital History of our Company — Equity Share capital” on page 75.

As of the date of this Prospectus, our Company does not have any outstanding preference shares.
Offer of securities at a price lower than the Offer Price in the last year

a) Our Company has not issued any Equity Shares at a price that may be lower than the Offer Price during the
last one year preceding the date of this Prospectus except as disclosed in the Share Capital History of our
Company. For further details, please see “- Share Capital History of our Company — Equity share capital”
on page 75.

b) Our Company has not issued any preference shares at a price that may be lower than the Offer Price during
the last one year preceding the date of this Prospectus. For further details, please see “- Share Capital History
of our Company — Preference share capital” on page 78.

Offer of shares for consideration other than cash or by way of bonus issue or out of revaluation reserves

@ Our Company has not issued any equity shares or preference shares out of revaluation reserves since its
incorporation.
(ii) Our Company has not issued any equity shares for consideration other than cash or by way of bonus issue

except as disclosed in the Share Capital History of our Company. For further details, please see “- Share
Capital History of our Company” on page 75.

For further details, please see “- Share Capital History of our Company” and “History and Certain Corporate
Matters” on pages 75 and 169, respectively.

Offer of Equity Shares pursuant to schemes of arrangement

Our Company has not allotted any Equity Shares pursuant to of any scheme of arrangement approved under Sections
391-394 of the Companies Act, 1956 or Sections 230-234 of the Companies Act, 2013.

History of the Share Capital held by our Promoters

As on the date of this Prospectus, our Promoters cumulatively hold 48,233,135" Equity Shares, aggregating 40.43%"
of the pre-Offer Equity Share capital on a fully diluted basis.

‘As per the BENPOS Statement dated December 10, 2021
Equity share capital

The build-up of the shareholding of our Promoters in our Company since incorporation:

 

 

 

 

 

 

Date of Nature of transaction [No. of Equity] Natureof | Face | Issue Price [Percentag | Percentage

lallotment/transfe Shares __|consideration |Value per |per Equity | e of the | of the post-
rand date on Equity | Share (2) |pre-Offer [ffer capital
which Equity Share (®) Equity | (%)A

Shares were share
made fully paid- capital
up (%)

Gangadi Madhukar Reddy

November 30, | Initial subscription to 9,900 Cash 10 10

2006 Memorandum of Association

January 25, 2007_|Further issue 24,970 Cash 10 10

September 1, | Transfer of equity shares 644 Cash 10 10

2007

 

 

 

 

 

 

 

 

81

 
