*Ostensible owner on behalf of our Company
Appointment of relatives of our Directors to any office or place of profit

None of the relatives of our Directors currently hold any office or place of profit in our Company.
Interest of Directors

Gangadi Madhukar Reddy, our Managing Director and Chief Executive Officer may be regarded as interested to the extent of
the remuneration payable to him for services rendered in his role, and to the extent of other reimbursement of expenses payable
to him as per the terms of his appointment. Further, Gangadi Madhukar Reddy has entered into lease agreements with our
Company and our Material Subsidiary, Optival, dated January 9, 2018, for a period of five years effective from July 1, 2017,
for lease of certain premises situated at VII Floor, Taramandal Commercial Complex, Saifabad, Hyderabad - 500 004, from
him. Accordingly, he was paid a lease rental of Rs. 2.84 million in the previous financial year.

Further, our Non-Executive Directors, including the Independent Directors, may be regarded as interested to the extent of sitting
fees paid to them for attending the meetings of the Board and committees of the Board, commission to the Independent
Directors, if any, and to the extent of other reimbursement of expenses payable to them as per their terms of appointment.

Our Managing Director Madhukar Reddy Gangadi is a director of our Corporate Promoters, Lone Furrow and Agilemed. He is
also a promoter and director of our Group Company, Hinshitsu Manufacturing Private Limited.

Further, our Director, Atul Gupta, is a director of our Corporate Promoter, Lone Furrow.

Our Directors, Gangadi Madhukar Reddy and Atul Gupta may also be deemed to be interested to the extent of any dividend
payable to them and/ or their relatives and other distributions in respect of securities held by them and/or their relatives in our
Company or in our Subsidiaries, if any. For further details, refer to “Capital Structure — Details of Equity Shares held by our
Directors, Key Managerial Personnel” on page 95.

 

S.No. Name No. of No. of No.of | Percentage of | Percentage of
Equity employee | employee | the pre-Offer | the post-Offer
Shares” | stock options| stock —_| Equity Share | of Equity Share
vested | options not | Capital (%) | Capital (%)*

 

 

 

 

 

 

 

 

 

 

 

vested
Directors
1, Gangadi Madhukar Reddy 15,350,400 * - 13.74 12.87
2. Atul Gupta 23,165, = = 0.02 0.02
Total 15,373,565 - - 13.76 12.89

 

‘As per the BENPOS Statement dated December 10, 2021

Further, none of our Directors and/or their relatives currently hold positions in offices of profit in our Company or in our
Subsidiaries.

None of our Directors have any interest in any property acquired or proposed to be acquired of our Company or by our Company.
Our Director, Gangadi Madhukar Reddy, may be regarded as interested in the promotion or formation of our Company.

None of our Directors are interested in any transaction in acquisition of land, construction of building and supply of machinery
etc.

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

None of the Directors are party to any bonus or profit sharing plan of our Company other than the performance linked incentives
and employee stock options given to the Directors.

Changes in the Board in the last three years

 

 

 

 

 

 

 

 

 

Name Date of Reason
Appointment/Change/
Cessation

Gangadi Madhukar Reddy August 5, 2021 Re-appointment as Managing Director and Chief Executive Officer
Anish Kumar Saraf August 3, 2021 Re-appointment as a director liable to retire by rotation

Atul Gupta August 3, 2021 Re-appointment as a director liable to retire by rotation

Hiroo Mirchandani July 9, 2021 Regularization and change in designation to Non-Executive

Independent Director.

 

189

 
