Related Services Engagements.
We do not express any opinion or provide any assurance as to whether:

i) the Company, its Shareholders and its Material Subsidiary will continue to obtain these possible
special tax benefits in future; or

ii) the conditions prescribed for availing the possible special tax benefits, where applicable, have
been/would be met with.

The contents of enclosed Annexures are based on the information, explanation and representations obtained from the
Company and its Material Subsidiary, and on the basis of our understanding of the business activities and operations
of the Company and its Material Subsidiary.

Our views expressed herein are based on the facts and assumptions indicated to us. No assurance is given that the
revenue authorities/ courts will concur with the views expressed herein. Our views are based on the existing
provisions of law and its interpretation, which are subject to change from time to time. We do not assume
responsibility to update the views consequent to such changes. We shall not be liable to the Company for any
claims, liabilities or expenses relating to this assignment except to the extent of fees relating to this assignment, as
finally judicially determined to have resulted primarily from bad faith or intentional misconduct. We will not be
liable to any other person in respect of this Statement, except as per applicable law.

We hereby give consent to include this Statement in the Draft Red Herring Prospectus, Red Herring Prospectus, the
Prospectus and in any other material used in connection with the Proposed Offer, and is not to be used, referred to or
distributed for any other purpose without our prior written consent.

For BSR & Co. LLP
Chartered Accountants
ICAI firm registration number: 101248W /W-100022

Jayesh T Thakkar

Partner

Membership No.: 113959

ICAI UDIN: 21113959AAAAEM6679

Place: Mumbai
Date: 18 August 2021

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