OTHER REGULATORY AND STATUTORY DISCLOSURES
Authority for the Offer
Our Board has approved the Offer pursuant to a resolution dated August 4, 2021.
The Offer has been authorized by the Selling Shareholders as disclosed in “The Offer” on page 60.

The Equity Shares being offered by the Selling Shareholders in the Offer have been held by them for a period of
at least one year prior to the filing of the Draft Red Herring Prospectus with SEBI, calculated in the manner as
set out under Regulation 8 of the SEBI ICDR Regulations and are eligible for being offered in the Offer.

The Equity Shares proposed to be offered by the Promoter Selling Shareholder in the Offer are free from any
lien, encumbrance, transfer restrictions or third-party rights.

As of the date of the Draft Red Herring Prospectus, 92,514,576 Equity Shares held by VEPL and Mr. Ravi B.
Goyal, both our Promoters, which constituted 76.84% of the pre-Offer paid-up Equity Share capital of our
Company (the “NDU Shares”), were subject to a non-disposal undertaking executed by the Promoters in favour
of Vistra ITCL (India) Limited, the debenture trustee, as security in relation to the Listed NCDs. Vistra ITCL
(India) Limited has, in accordance with its consent letter dated August 18, 2021 released the NDU Shares from
the non-disposal undertaking and as of the date of the Red Herring Prospectus and this Prospectus, none of the
Equity Shares held by the Promoters are subject to any non-disposal undertaking.

Each of the Selling Shareholders have confirmed that they have not been prohibited from dealing in the
securities market.

Our Company has received in-principle approvals from the BSE and the NSE for the listing of the Equity Shares
pursuant to letters dated September 1, 2021 and September 8, 2021, respectively.

Prohibition by the SEBI or Other Governmental Authorities

Our Company, our Promoters, members of our Promoter Group, our Directors, the Selling Shareholders, the
persons in control of our Company and of our corporate Promoter, are not prohibited from accessing the capital
markets or debarred from buying, selling or dealing in securities under any order or direction passed by the
SEBI or any securities market regulator in any other jurisdiction or any other authority/court.

The companies with which our Promoters, our Directors are or were associated as promoters or directors have
not been debarred from accessing the capital markets under any order or direction passed by the SEBI or any
other authorities.

Our Company, Promoters or Directors have not been declared as Wilful Defaulters.

Neither our Company, nor any of our Promoters, members of our Promoter Group or Directors have been
declared as ‘Fraudulent Borrowers’ by any bank, financial institution or lending consortium, in accordance with
the ‘Master Directions on Frauds Classification and Reporting by commercial banks and select FIs’ dated July 1,
2016, as updated, issued by the RBI.

Our Promoters or Directors have not been declared as Fugitive Economic Offenders.

The Equity Shares held by the Promoters are in dematerialized form.
All the Equity Shares are fully paid-up and there are no partly paid-up Equity Shares as of the date of filing of
this Prospectus.

Directors associated with the Securities Market

Except for Mr. Sudip Bandyopadhyay, who became a promoter of Inditrade Capital Limited, with effect from
November 8, 2016 (which is registered with SEBI as a broker) and Mr. Vijay Chugh (as disclosed below), none
of our Directors is in any manner associated with the securities market and no outstanding action has been
initiated against them by the SEBI in the five years preceding the date of this Prospectus:

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