DIVIDEND POLICY

The declaration and payment of dividends, if any, will be recommended by our Board and approved by our
shareholders at their discretion, subject to the provisions of our Articles of Association and the applicable laws
including the Companies Act together with the applicable rules issued thereunder. The dividends, if any, will
depend on a number of factors, including but not limited to the earnings, capital requirements and overall financial
condition of our Company. Our Company has not adopted a formal policy on dividend distribution. No dividends
have been declared and paid by the Company on the Equity Shares as per the Restated Financial Information.

The dividends declared and paid by the Company on the Preference Shares as per the Restated Financial
Information:

 

‘April 1, 2021 till the date
Particulars of this Prospectus Fiscal 2021 Fiscal 2020 Fiscal 2019
No. of preference shares 48,99,475 48,99,475 48,99,475 48,99,475
Face value per preference share (in 2) 100 100 100 100
Aggregate Dividend (in 2) 48995 48,995 48,995 48,995,
Dividend per preference share (in 2) 0.01 0.01 0.01 0.01
Rate of dividend (%) 0.01% 0.01% 0.01% 0.01%
Dividend Distribution Tax (%) NA NA NA 20.56%
Dividend Distribution Tax (in 2) NA NA NA 10,073

 

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