in newspapers simultaneously with the interim or annual financial results and explanation for such variation (if any)
will be included in our Director’s report, after placing the same before the Audit Committee.

Variation in Objects

In accordance with Sections 13(8) and 27 of the Companies Act and applicable rules, our Company shall not vary the
objects of the Offer without our Company being authorised to do so by the Shareholders by way of a special resolution.
In addition, the notice issued to the Shareholders in relation to the passing of such special resolution (“Postal Ballot
Notice”) shall specify the prescribed details, including justification for such variation and be published and placed on
website of our Company, in accordance with the Companies Act, 2013, read with relevant rules.

The Notice shall simultaneously be published in the newspapers, one in English and one in the vernacular language of
the jurisdiction where our Registered Office is situated. Pursuant to Section 13(8) of the Companies Act, 2013, our
Promoters or controlling Shareholders will be required to provide an exit opportunity to the Shareholders who do not
agree to such proposal to vary the objects, subject to the provisions of the Companies Act, 2013 and in accordance
with such terms and conditions, including in respect of pricing of the Equity Shares, in accordance with our Articles
of Association, the Companies Act, 2013 and the SEBI ICDR Regulations.

Other confirmations
Except for one of our Directors and Selling Shareholder, Atul Gupta, to the extent of the proceeds received pursuant
to the Offer for Sale, none our Promoters, Directors, KMPs, Promoter Group or Group Company will receive any

portion of the Offer Proceeds and there are no material existing or anticipated transactions in relation to utilization of
the Net Proceeds with our Promoters, Directors, KMPs or Promoter Group.

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