(3) 2,499,615 Series A CCCPS have been converted into 14,997,690 Equity Shares on October 29, 2021.
(4) 2,207,634 Series B CCCPS have been converted into 6,622,902 Equity Shares on October 29, 2021.
(5) 192,226 Series B CCCPS have been converted into 576,678 Equity Shares on October 29, 2021.

The Shareholders holding 1% or more of the equity paid-up capital of our Company as on two years prior to filing
of this Prospectus is as follows:

 

Sr. No. Shareholder Number of Equity Shares Percentage of pre-Offer
held (on a fully diluted share capital (on a fully
basis) diluted basis)
ts Gautam Saraogi 14,999,880 28.74
2. Rahul Saraogi 14,999,880 28.74
3. Sequoia Capital India Investments IV 14,997,750 28.73
4. India Advantage Fund $41 @ 6,622,956 12.69
5. Dynamic India Fund $4 US 1 576,684 11
Total 52,197,150 99.99

 

(1) 2,499,615 Series A CCCPS have been converted into 14,997,690 Equity Shares on October 29, 2021.
(2) 2,207,634 Series B CCCPS have been converted into 6,622,902 Equity Shares on October 29, 2021.
(3) 192,226 Series B CCCPS have been converted into 576,678 Equity Shares on October 29, 2021.

1.

Except as disclosed below, none of the Equity Shares being offered for sale through the Offer for Sale
are pledged or otherwise encumbered, as on the date of this Prospectus:

Our Promoters, VKS Family Trust and PKS Family Trust, have pledged their shares aggregating to
16.56% of the paid-up Equity Share Capital of the Company against a facility availed from TCFSL
amounting to % 400 million. For further details, see ‘History and Certain Corporate Matters’ on page
188. Pursuant to the letter dated October 29, 2021 received by our Company, TCFSL has undertaken to
temporarily release the pledge for the purpose of creation of statutory lock-in by PKS Family Trust and
VKS Family Trust, as required under the SEBI ICDR Regulations.

Our Company, our Directors and the BRLMs have not made or entered into any buy-back arrangements
for the purchase of Equity Shares.

Except as disclosed below, neither the BRLMs and nor their respective associates as defined in the SEBI
Merchant Bankers Regulations, hold any Equity Shares as on the date of filing of this Prospectus:

 

S.No. Name of the shareholder Number of Equity Shares held
1. India Advantage Fund S41 6,622,956"
“Including the 3,311,478 Equity Shares offered for sale through the Offer.

 

No person connected with the Offer, including, but not limited to the BRLMs, the Syndicate Members,
our Company, the Promoters, our Directors, or the members of the Promoter Group, shall offer in any
manner whatsoever any incentive, whether direct or indirect, in cash or kind or services or otherwise to
any Bidder for making a Bid, except for fees or commission for services rendered in relation to the Offer.

The Equity Shares are fully paid-up and there are no partly paid-up Equity Shares as on the date of filing
this Prospectus. The Equity Shares to be issued or transferred pursuant to the Offer shall be fully paid-
up at the time of Allotment, failing which no Allotment shall be made.

All the shares held by our Promoters and Directors and are in dematerialised as on the date of this
Prospectus.

Our Company has no outstanding warrants, options to be issued or rights to convert debentures, loans or
other convertible instruments into Equity Shares as on the date of this Prospectus.

Except for the Equity Shares to be allotted pursuant to (i) the Fresh Issue; and (ii) Offer for Sale, our
Company presently does not intend or propose or is under negotiation or consideration to alter its capital
structure for a period of six months from the Bid/ Offer Opening Date, by way of split or consolidation
of the denomination of Equity Shares or further issue of Equity Shares (including issue of securities
convertible into or exchangeable for, directly or indirectly into Equity Shares), whether on a preferential
basis or issue of bonus or rights or further public issue of Equity Shares.

Except for the allotment of Equity Shares pursuant to the (i) Fresh Issue, and (ii) Offer for Sale, , there

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