Relationship between Directors

Except for (i) Gautam Saraogi, who is the son of Prakash Saraogi; and (ii) Rahul Saraogi, who is the nephew of
Prakash Kumar Saraogi and cousin of Gautam Saraogi, none of our Directors are related to each other.

Terms of Appointment of our Whole-time Directors

Prakash Kumar Saraogi

Prakash Kumar Saraogi was appointed on our Board at the incorporation of our Company. He has been appointed
as the Managing Director of our Company for a period of five years with effect from June 30, 2021, pursuant to
the resolution passed by our Board and Shareholders on June 30, 2021 and July 1, 2021, respectively. According

to the terms of his employment letter dated July 1, 2021, he is entitled to the following remuneration and
perquisites:

Gross Salary: = 13.2 million per annum.

Gratuity: As per the rules of the Company, subject to completion of service of 5 years at the rate of half a month’s
salary for each year of completed service with effect from June 30, 2021.

Benefits, perquisites and allowances:

e Provision of a car with driver for official purposes and such driver’s remuneration/ expense as fixed/
approved by the Board shall be reimbursed to him if he is not provided with Company’s driver.

e Free use of Company’s mobile phone.

e¢ Reimbursement of medical expenses incurred for himself and family subject to ceiling of one month’s
salary in a year or three month’s salary over a period of three years.

e Actual leave travel expenses, as per the rules of the Company

Reimbursement of expenses: In addition to the remuneration described above, for the period of appointment,
reimbursement for travel, hotel and other incidental expenses.

He received a gross remuneration of 2 8.68 million in Financial Year 2021 from our Company.

Gautam Saraogi

Gautam Saraogi was appointed on our Board at the incorporation of our Company. He has been appointed as the
Chief Executive Officer of our Company with effect from June 30, 2021, pursuant to the resolution passed by our
Board and Shareholders on June 30, 2021 and July 1, 2021, respectively. According to the terms of his
employment letter dated July 1, 2021, he is entitled to the following remuneration and perquisites.

Gross Salary: = 9 million per annum.

Gratuity: As per the rules of the Company, subject to completion of service of 5 years at the rate of half a month’s
salary for each year of completed service with effect from June 30, 2021.

Benefits, perquisites and allowances:

e Provision of a car with driver for official purposes and such driver’s remuneration/ expense as fixed/
approved by the Board shall be reimbursed to him if he is not provided with Company’s driver.

e Free use of Company’s mobile phone.

e Reimbursement of medical expenses incurred for himself and family subject to ceiling of one month’s
salary in a year or three month’s salary over a period of three years.

e Actual leave travel expenses, as per the rules of the Company

Reimbursement of expenses: In addition to the remuneration described above, for the period of appointment,
reimbursement for travel, hotel and other incidental expenses.

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