Herring Prospectus will be deemed to be “confirmed” or “undertaken” by a Selling Shareholder, even if such statement relates
to such Selling Shareholder.

Utilization of Issue Proceeds

Our Board certifies and declares that:

. all monies received out of the Fresh Issue shall be credited/transferred to a separate bank account other than the bank
account referred to in sub-section (3) of Section 40 of the Companies Act, 2013;

. details of all monies utilised out of the Issue shall be disclosed, and continue to be disclosed till the time any part of the
Fresh Issue proceeds remains unutilised, under an appropriate head in the balance sheet of our Bank indicating the
purpose for which such monies have been utilised; and

. details of all unutilised monies out of the Fresh Issue, if any shall be disclosed under an appropriate separate head in the
balance sheet indicating the form in which such unutilised monies have been invested. Our Bank confirms and declares
that all monies received out of the Issue shall be transferred to a separate bank account other than the bank account
referred to in sub-section 3 of Section 40 of the Companies Act, 2013.

Impersonation

Attention of the applicants is specifically drawn to the provisions of sub-section (1) of Section 38 of the Companies Act, which
is reproduced below:

“Any person who-

(a) makes or abets making of an application in a fictitious name to a company for acquiring, or subscribing for, its
securities; or

(b) makes or abets making of multiple applications to a company in different names or in different combinations of his
name or surname for acquiring or subscribing for its securities; or

(c) otherwise induces directly or indirectly a company to allot, or register any transfer of, securities to him, or to any other
person in a fictitious name,

shall be liable for action under Section 447.”

The liability prescribed under Section 447 of the Companies Act, for fraud involving an amount of at least = | million or 1% of
the turnover of the company, whichever is lower, includes imprisonment for a term which shall not be less than six months
extending up to 10 years and fine of an amount not less than the amount involved in the fraud, extending up to three times such
amount (provided that where the fraud involves public interest, such term shall not be less than three years.) Further, where the
fraud involves an amount less than 2 | million or one per cent of the turnover of the company, whichever is lower, and does not
involve public interest, any person guilty of such fraud shall be punishable with imprisonment for a term which may extend to
five years or with fine which may extend to @ 5 million or with both.

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