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manner the Minimum Promoter’s Contribution from the date of this Prospectus, until the expiry of the
lock-in period specified above, or for such other time as required under SEBI ICDR Regulations, except
as may be permitted, in accordance with the SEBI ICDR Regulations.

The Equity Shares that are being locked-in are not, and will not be, ineligible for computation of
Minimum Promoter’s Contribution under Regulation 15 of the SEBI ICDR Regulations. In this regard,
we confirm that:

@ the Equity Shares offered as part of the Minimum Promoter’s Contribution do not comprise
Equity Shares acquired during the three years immediately preceding the date of this Prospectus
for consideration other than cash and wherein revaluation of assets or capitalization of intangible
assets was involved or bonus issue out of revaluations reserves or unrealized profits of the
Company or against Equity Shares that are otherwise ineligible for computation of Minimum
Promoter’s Contribution;

(ii) the Minimum Promoter’s Contribution does not include Equity Shares acquired during the one
year immediately preceding the date of this Prospectus at a price lower than the price at which
the Equity Shares are being offered to the public in the Offer;

(iii) our Company has not been formed by conversion of a partnership firm into a company and
hence, no Equity Shares have been issued in the one year immediately preceding the date of this
Prospectus pursuant to conversion of a partnership firm; and

(iv) the Equity Shares held by our Promoter and offered as part of the Minimum Promoter’s
Contribution are not subject to any pledge.

All Equity Shares held by our Promoter are in dematerialized form.
Details of Equity Shares locked-in for one year

In terms of Regulation 17 of the SEBI ICDR Regulations, the entire pre-Offer Equity Share capital of
our Company will be locked-in for a period of one year from the date of Allotment in the Offer, except
(a) the Minimum Promoter’s Contribution which shall be locked in as above; and (b) Offered Shares,
which are successfully transferred as part of the Offer for Sale. Further, pursuant to Regulation 17(c) of
the SEBI ICDR Regulations, the entire pre-Offer shareholding of Volrado Venture Partners Fund-II shall
be locked-in for a period of one year from the date of purchase of the Equity Shares by them, being
March 9, 2021.

Any unsubscribed portion of the Offered Shares would also be locked in as required under the SEBI
ICDR Regulations.

Lock-in of Equity Shares Allotted to Anchor Investors

Any Equity Shares Allotted to Anchor Investors in the Anchor Investor Portion shall be locked in for a
period of 30 days from the date of Allotment.

Other requirements in respect of lock-in

Pursuant to Regulation 21 of the SEBI ICDR Regulations, the Equity Shares held by our Promoter and
locked-in for one year may be pledged only with scheduled commercial banks or public financial
institutions or a Systemically Important NBFC or a housing finance company as collateral security for
loans granted by such entities, provided that such pledge of the Equity Shares is one of the terms of the
sanction of the loan. Equity Shares locked-in as Minimum Promoter’s Contribution for three years can
be pledged only if in addition to fulfilling the aforementioned requirements, such loans have been granted
by such banks or financial institutions for the purpose of financing one or more of the objects of the
Offer. However, such lock-in will continue pursuant to any invocation of the pledge and the transferee
of the Equity Shares pursuant to such invocation shall not be eligible to transfer the Equity Shares until
the expiry of the lock-in period stipulated above.

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