Notes:

@

(ii)

(iii)

(iv)

(vy)

(vi)

The Offer has been made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI
ICDR Regulations.

The Offered Shares are eligible to be offered for sale in accordance with Regulation 8 of the SEBI ICDR
Regulations. For further information, see “Capital Structure” on page 71.

Allocation to all categories, other than Anchor Investors, if any, and Retail Individual Investors, was
made on a proportionate basis. The allocation to each Retail Individual Investor was not less than the
minimum Bid Lot, subject to availability of Equity Shares in the Retail Category and the remaining
available Equity Shares, if any, was allocated on a proportionate basis. For further information, see
“Offer Procedure” on page 350.

Subject to valid Bids being received at or above the Offer Price, under-subscription, in any category other
than QIB Category was allowed to be met with spill-over from other categories or a combination of
categories at the discretion of our Company and the Investor Selling Shareholders, in consultation with
the BRLMs and the Designated Stock Exchange in accordance with applicable law. For further
information, including grounds for rejection of Bids, refer to “Offer Structure” and “Offer Procedure”
on pages 347 and 350, respectively. For further information on the terms of the Offer, see “Terms of the
Offer” on page 342.

Each of the Selling Shareholders have, severally and not jointly, approved the transfer of their respective
Offered Shares pursuant to the Offer for Sale, as set out below:

 

S.No. Name of the Selling Shareholder Date of Consent Letter Maximum number of
Offered Shares
1. Srinivasan Ravi October 29, 2020 130,640
2. Marina November 19, 2020 1,559,260
3. IEC November 25, 2020 1,414,050
4. K. Gomatheswaran November 2, 2020 1,417,500
Total 4,521,450

 

The total number of Equity Shares held by the Selling Shareholders in our Company as on the date of
this Prospectus is as follows:

 

S. Name of Shareholder Pre-Offer Post-Offer

No. No. of Equity Shares Percentage No. of Equity _ Percentage of

of issued Shares* issued Equity

Equity Share capital

Share (%)*
capital (%)

1. Srinivasan Ravi 10,630,640 52.83 10,500,000 49.70
2. Marina 2,716,068 13.50 1,156,808 5.48
3. IEC 2,425,668 12.06 1,011,618 4.79
4. __K. Gomatheswaran 1,417,500 7.04 Nil Nil
Total 17,189,876 85.43 12,668,426 59.96

 

* Assuming all Offered Shares are transferred/sold pursuant to the Offer for Sale.

57
