Latha Prabakar, the sister-in-law of our Promoter, has disassociated with our Promoter with effect from August
23, 2010 and therefore, she and any entities associated with her have not been considered within the definition of
“promoter group” under Regulation 2(1)(pp) of the SEBI ICDR Regulations. SEBI, by letter dated December 22,
2020, granted exemption to our Company from including Latha Prabakar and related parties, as a member of the
Promoter Group.

Entities forming part of the Promoter Group

1. Ashwinram Spinning Mills Private Limited;

2. Shanmo Engineering Products India Private Limited; and

3. Tech 82 Pictures LLP.

Group Companies

In terms of the SEBI ICDR Regulations and pursuant to the Materiality Policy, for the purposes of identification
of a group company for disclosure in connection with the Offer, our Company has considered:

a company (other than our Subsidiaries) with which there were related party transactions as disclosed in
the Restated Financial Information; and

(ii) such other company forming part of our Promoter Group, who has entered into one or more transactions
in the most recent audited fiscal or any stub period, individually or in the aggregate, exceeding 3.00% of
the consolidated profit after tax of the Company, as per the Restated Financial Information, for the latest
fiscal, i.e. Fiscal 2020.

On the basis of the Materiality Policy following companies has been identified as Group Companies, for the
purpose of disclosure in connection with the Offer:

1. MC Craftsman Machinery Private Limited.
2. Carl Stahl Craftsman Enterprises Private Limited.

For avoidance of doubt, it is hereby clarified that our Subsidiaries has not been considered for the purposes of the
disclosure as Group Companies in this Prospectus.

Details of our Group Companies:

MC Craftsman Machinery Private Limited

Corporate Information and nature of business

MC Craftsman Machinery Private Limited is a private limited company and was incorporated on November 6,
2007 under the Companies Act 1956. Its CIN is U29200TZ2007PTCO014014. Its registered office is located at
Senthel Towers, IV Floor, 1078, Avinashi Road, Coimbatore 641 018, Tamil Nadu, India. MC Craftsman
Machinery Private Limited is involved in the business of selling electric discharge machine and laser cutting
machine produced by Mitsubishi Electric Corporation as well as related spare parts.

Capital Structure

The authorized share capital of MC Craftsman Machinery Private Limited is ¥ 210,000,000 divided into 2,100,000
equity shares of = 100 each and its paid-up share capital is = 210,000,000 divided into 2,100,000 equity shares of
= 100 each. Our Company holds 209,999 equity shares aggregating to 10.00% of the total equity share capital of
MC Craftsman Machinery Private Limited.

Interest of our Promoter

Our Promoter is one of the directors on the board of MC Craftsman Machinery Private Limited. Our Promoter
holds one equity share of MC Craftsman Machinery Private Limited. Further, Ravi Gauthamram, our Whole-time

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