Schemes” on page 92.

Arrangement or Understanding with Major Shareholders, Customers, Suppliers or Others

None of our Directors have been appointed or selected as a member of senior management pursuant to any
arrangement or understanding with major Shareholders, customers, suppliers or others.

There are no contracts appointing or fixing the remuneration of the Directors of our Company entered into
within, or prior to the two years immediately preceding the date of this Prospectus other than as disclosed in “—
Terms of Appointment of Chairman and Managing Director” on page 197.

Interest of Directors

1.

All Directors may be deemed to be interested to the extent of (i) sitting fees, if any, payable to them for
attending meetings of our Board and other remuneration payable or reimbursement of expenses to
them, (ii) Equity Shares and stock options, if any, already held by them or their relatives or any firms,
companies and trusts in which our Directors are interested as a director, member, partner or trustee, in
our Company and any dividend payable to them and other benefits arising out of such shareholding,
(iii) transactions entered into in the ordinary course of business with companies in which our Directors
hold directorship, and (iv) their directorship on the board of directors of, and/or their shareholding in
our Company, our Subsidiaries and our Group Companies, as applicable.

Other than statutory benefits upon termination of employment of the Chairman and Managing Director
and the Executive Directors in our Company, our Company has not entered into any service contracts
with our Directors providing for benefits upon termination of their employment.

None of our Directors are a party to any bonus or profit-sharing plan by our Company.

Other than Mr. Ravi B. Goyal, who is a Promoter of our Company, none of our Directors have any
interest in the promotion or formation of our Company.

Except as disclosed below, none of our Directors have any interest in any property acquired preceding
the date of this Prospectus or proposed to be acquired by our Company, or in any transaction by our
Company for acquisition of land, construction of building or supply of machinery.

Pursuant to a sale deed dated March 31, 2018, our Company acquired a property situated at survey nos.
172/3, 173/3 and 173/4, Ground Floor and First Floor, Behind Olive Health Care, Village Dabhel,
Daman 396 210 from Mr. Ravi B. Goyal, our Chairman and Managing Director, for an aggregate
consideration of 2105.75 million. This property is being used by our factory located in Daman. This
acquisition was approved by our Board of Directors and our Shareholders by their resolutions dated
August 22, 2017 and September 25, 2017, respectively.

Mr. Ravi B. Goyal is interested in our Company in addition to the above to the extent of deposit
provided by our Company for the use of 601 Trade World, B Wing, Kamala Mill Compound, Senapati
Bapat Marg, Lower Parel, Mumbai 400 013 which is a part of our Registered Office.

Mrs. Anupama R. Goyal is interested in our Company to the extent of deposit provided by, and rent
received from, our Company for the use of -602 Trade World, B Wing, Kamala Mill Compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013 which is a part of our Registered Office.

Our Directors are not interested as a member of a firm or company, and no sum has been paid or agreed
to be paid to our Directors or to such firm or company in cash or shares or otherwise by any person
either to induce them to become, or to help them qualify as a Director, or otherwise for services
rendered by them or by the firm or company in which they are interested, in connection with the
promotion or formation of our Company other than as disclosed in “Our Promoters and Promoter
Group” on page 210.

None of our Directors have any interest in our business or in any transaction by our Company for the

acquisition of land, construction of building or supply of any machinery except as disclosed in this
section, “Our Promoters and Promoters Group”, “Our Group Companies”, “Capital Structure” and

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