Our Directors, Prakash Kumar Saraogi, Gautam Saraogi and Rahul Saraogi are also promoters of our Group
Company and may be deemed to be interested to the extent of payments made between our Company and Group
Company if any. For details, please refer to ‘Financial Information — Related party disclosure’ on page 253.

Our Directors may also be interested to the extent of Equity Shares and to the extent of any dividend payable to
them, if any, held by them or held by the entities in which they are associated as promoters, directors, partners,
proprietors or trustees or held by their relatives or that may be subscribed by or allotted to the companies, firms,
ventures, trusts in which they are interested as promoters, directors, partners, proprietors, members or trustees,
pursuant to the Offer.

For further details regarding the shareholding of our Directors, see ‘Capital Structure - Shareholding of our
Directors and Key Managerial Personnel in our Company’ on page 89.

Interest in property

Our Company has taken a warehouse on lease from our Group Company, Meridian Global Ventures Private
Limited (“Meridian”), in which our Directors, Prakash Kumar Saraogi, Gautam Saraogi and Rahul Saraogi are
promoters. Our Directors may be deemed to be interested in the leased warehouse. Pursuant to the lease agreement
dated April 30, 2018, entered into by our Company with our Group Company, Meridian Global Ventures Private
Limited (“Meridian”), for our warehouse, our Company was required to pay % 1.18 million along with applicable
taxes as rent every month from May 1, 2018 and the rent was subject to yearly escalation at the rate of five percent.
Subsequently, our Company entered into a new lease agreement dated June 1, 2020, with Meridian for our
warehouse, under which our Company was required to pay 1.31 million along with applicable taxes as rent every
month for a period of one year from the commencement of the agreement, post which the rent is subject to yearly
escalation at the rate of eight percent. For details see ‘Financial Information — Related party disclosure’ on page
253.

Except the warehouse leased to us, none of our Directors are interested in any property acquired by our Company
within two years of the date of this Prospectus, or presently, proposed to be acquired by it.

Interest in promotion of our Company

Except Prakash Kumar Saraogi, Gautam Saraogi and Rahul Saraogi, none of our Directors have any interest in
the promotion of our Company, as on the date of this Prospectus.

Loans to Directors

No loans have been availed by our Directors from our Company.

None of the beneficiaries of loans, advances and sundry debtors are related to the Directors of our Company.
Confirmations

Our Director, Srinivasan Sridhar was on the board of directors of Incube Trustee Company Private Limited
(“Incube’), whose name was included in the list of defaulting companies of the registrar of companies,
Ahmedabad (“RoC Ahmedabad”) in 2017 due to the failure of Incube in filing of the financial statements under
Section 137 of the Companies Act. Such non-compliance from Incube led to the deactivation of his DIN.
Subsequently, Incube filed for condonation of the non compliance under the Condonation of Delay Scheme, 2018,
pursuant to which Incube’s name was removed from the list of defaulting entities of the RoC, Ahmedabad in 2018
and the DIN of Srinivasan Sridhar was also activated again. Except as disclosed above for Srinivasan Sridhar,
none of our Directors have been or are directors on the board of any company that was or has been directed by
any registrar of companies to be struck off from the rolls of such registrar of companies.

None of our Directors are and during the five years prior to the date of this Prospectus, have been on the board of
any listed company whose shares have been/were suspended from being traded on BSE or NSE.

None of our Directors have been or are directors on the board of any listed companies which is or has been delisted
from any stock exchange(s) during the term of their directorship in such companies.

No consideration in cash or shares or otherwise has been paid, or agreed to be paid to any of our Directors, or to
the firms or companies in which they are interested as a member by any person either to induce such director to

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