SECTION VIII: DESCRIPTION OF EQUITY SHARES AND TERMS OF THE ARTICLES OF
ASSOCIATION

Capitalized terms used in this section have the meanings that have been given to such terms in the Articles of
Association of our Company. Pursuant to the SEBI ICDR Regulations, the main provisions of the Articles of
Association of our Company are detailed below:

The Articles have been adopted by our Board of Directors pursuant to a resolution dated August 4, 2021 and
approved by our Shareholders pursuant to a special resolution dated August 7, 2021.

SHARE CAPITAL
Authorised Capital

3.a The Authorised Share Capital of the Company shall be such amount as may be mentioned in Clause V
of Memorandum the Company from time to time.

3.b The minimum paid up Share capital of the Company shall be %5,00,000 or such other higher sum as
may be prescribed in the Act from time to time.

Increase in Capital by the Company

4. The Company in a General Meeting may, from time to time, by an Ordinary Resolution increase the
capital by the creation of new shares, such increase to be of such aggregate amount and to be divided
into shares of such respective amounts as the resolution shall prescribe. Subject to the provisions of the
Act, any shares of the original or increased capital shall be issued upon such terms and conditions and
with such rights and privileges annexed thereto, as the General Meeting, resolving upon the creation
thereof, shall direct, and if no direction be given, as the Directors shall determine and in particular,
such shares may be issued with a preferential or qualified right to dividends, and in the distribution of
the assets of the Company and with a right of voting at a General Meetings of the Company in
conformity with Section 47 of the Companies Act, 2013. Whenever the Capital of the Company has
been increased under the provisions of this Article, the Directors shall comply with the provisions of
the Act. Any action taken or contemplated under this entire Article shall be subject to the other
provisions of these Articles.

New Capital Same as Existing Capital

Be Except so far as otherwise provided by the conditions of issue or by these presents, any capital raised
by the creation of new shares shall be considered as part of the existing capital, and shall be subject to
the provisions herein contained, with reference to the payment of calls and instalments, forfeiture, lien,
surrender, transfer and transmission, voting and otherwise.

Preference Share Capital

6.a. Subject to the provisions of Section 55 of the Companies Act, 2013 and such other applicable
provisions of the Act, the Company is hereby empowered to issue and allot preference shares
(including compulsorily convertible preference shares).

Issue of Sweat Equity Shares

8(1) Subject to applicable Law, the Company may exercise the powers of issuing sweat equity shares

conferred by Section 54 of the Companies Act, 2013 and the rules made there under of a class of shares
already issued subject to the following conditions:

a. the issue of sweat equity shares is authorised by a Special Resolution passed by the Company
in a General Meeting;
b. the resolution specifies the number of shares, their current market value, consideration if any,

and the class or classes of directors or employees to whom such equity shares are to be issued.

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