Details of loss-making Group Companies

MC Craftsman Machinery Private Limited has incurred losses in Fiscals 2020, 2019 and 2018. Carl Stahl
Craftsman Enterprises Private Limited has incurred losses in Fiscal 2020. Also, see “Risk Factors - Our Group
Companies have incurred losses in the last three Fiscals.” on page 25.

Details of Group Companies under winding up

As on the date of this Prospectus, our Group Companies are not under winding up. Further, as on the date of this
Prospectus, no winding up, insolvency resolution process or revocation proceedings or actions have been initiated
against our Group Companies.

Insolvent/defunct or sick Group Companies

As on the date of this Prospectus, our Group Companies have not been declared insolvent/bankrupt under the
Insolvency and Bankruptcy Code, 2016. Our Group Companies do not fall under the definition of sick industrial
companies under the erstwhile Sick Industrial Companies (Special Provisions) Act, 1985.

Our Group Companies have not been declared defunct under the Companies Act 2013 and no application has been
made to the RoC for striking off the name of our Group Companies during the five years immediately preceding
the date of the Draft Red Herring Prospectus, the Red Herring Prospectus and this Prospectus.

Interests of our Group Companies

As on the date of this Prospectus:

a. Our Group Companies do not have any interest in the promotion or formation of our Company.

b. Our Group Companies do not have any interest in any property acquired by our Company within the
three years immediately preceding the date of filing this Prospectus or proposed to be acquired by it.

Gs Our Group Companies do not have any interest in any transaction by our Company pertaining to
acquisition of land, construction of building and supply of machinery, etc.

d. Further, except as set forth in “Financial Statements” on page 225, our Company does not have any
sales or purchase transactions with our Group Companies exceeding, in the aggregate, 10% of the total
sales or purchases of our Company. For further information on related business transactions with our
Group Companies and their significance on our financial performance, see “Financial Statements” on
page 225.

Common pursuits of our Group Companies

Except as disclosed in “Business” and “Financial Statements” on pages 168 and 225, respectively, there are no
common pursuits or conflict of interest situations amongst our Group Companies and our Company.

Except as disclosed in “Business” and “Financial Statements” on pages 168 and 225, respectively, our Group
Companies do not have any business interest in our Company.

For further confirmations with respect to our Group Companies, see “Other Regulatory and Statutory
Disclosures” on page 332.

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