CERTAIN CONVENTIONS, PRESENTATION OF FINANCIAL, INDUSTRY AND MARKET DATA AND
CURRENCY OF PRESENTATION

Certain Conventions

All references to “India” contained in this Prospectus are to the Republic of India and its territories and possessions and all
references herein to the “Government”, “Indian Government”, “Gol”, “Central Government” or the “State Government” are to
the Government of India, central or state, as applicable. All references to the “U.S.”, “USA” or the “United States” are to the
United States of America and its territories and possessions.

Unless otherwise specified, any time mentioned in this Prospectus is in Indian Standard Time (“IST”). Unless indicated
otherwise, all references to a year in this Prospectus are to a calendar year.

Unless stated otherwise, all references to page numbers in this Prospectus are to the page numbers of this Prospectus.
Financial Data

Our Company’s financial year commences on April | of the immediately preceding calendar year and ends on March 31 of that
particular calendar year. Unless stated otherwise, all references in this Prospectus to the terms Fiscal or Fiscal Year or Financial
Year unless stated otherwise, are to the 12 month period commencing on April 1 of the immediately preceding calendar year
and ending on March 31 of that particular calendar year. Unless stated otherwise, or the context requires otherwise, all references
to a “year” in this Prospectus are to a calendar year.

Unless stated otherwise or where the context otherwise requires, the financial data in this Prospectus is derived from the Restated
Consolidated Financial Information.

The restated consolidated financial information of our Company, along with our Subsidiaries, comprising of the restated
consolidated balance sheet as at September 30, 2021, September 30, 2020, March 31, 2021, March 31, 2020 and March 31,
2019, and the restated consolidated statement of profit and loss (including other comprehensive income), and restated
consolidated statement of cash flows and restated consolidated statement of changes in equity for the six month period ended
September 30, 2021 and September 30, 2020 and the financial years ended March 31, 2021, March 31, 2020 and March 31,
2019, together with its notes, annexures and schedules are derived from our audited consolidated financial statements as at and
for the six months ended September 30, 2021 and September 30, 2020 and for the financial years ended March 31, 2021, March
31, 2020 and March 31, 2019 prepared in accordance with Ind AS, and restated in accordance with requirements of Section 26
of Part I of Chapter III of Companies Act, SEBI ICDR Regulations and the Guidance Note on “Reports in Company
Prospectuses (Revised 2019)” issued by ICAI.

For further information, see “Financial Statements” and “Management's Discussion and Analysis of Financial Condition and
Results of Operations” on pages 209 and 283, respectively.

There are significant differences between the Ind AS, the International Financial Reporting Standards (the “IFRS”) and the
Generally Accepted Accounting Principles in the United States of America (the “U.S. GAAP”). Accordingly, the degree to
which the financial information included in this Prospectus will provide meaningful information is entirely dependent on the
reader’s level of familiarity with Indian accounting practices. Any reliance by persons not familiar with accounting standards
in India, the Ind AS, the Companies Act 2013 and the SEBI ICDR Regulations, on the financial disclosures presented in this
Prospectus should accordingly be limited. We have not attempted to quantify or identify the impact of the differences between
the financial data (prepared under Ind AS and IFRS/U.S. GAAP), nor have we provided a reconciliation thereof. We urge you
to consult your own advisors regarding such differences and their impact on our financial data included in this Prospectus.

In this Prospectus, any discrepancies in any table between the total and the sums of the amounts listed are due to rounding off.
All figures in decimals have been rounded off to the second decimal and all percentage figures have been rounded off to two
decimal places.

Unless the context otherwise indicates, any percentage amounts, or ratios as set forth in “Risk Factors”, “Our Business” and
“Management's Discussion and Analysis of Financial Condition and Results of Operations” on pages 29, 147 and 283,
respectively, and elsewhere in this Prospectus have been calculated on the basis of amounts derived from our Restated
Consolidated Financial Information.

Non-GAAP Financial Measures

Certain non-GAAP measures relating to our financial performance, such as, EBITDA, EBITDA Margin, Adjusted EBITDA,
Adjusted EBITDA Margin, Return on Capital Employed, Net Debt Equity Ratio, Net Debt Service Coverage Ratio, Capital
Turnover Ratio, Interest Coverage Ratio (“Non-GAAP Measures’) and certain other industry metrics relating to our operations
and financial performance, such as Operating EBITDA, Store Level Operating EBITDA, Store Level Operating EBITDA for
Mature Stores, Store Level Operating EBITDA for others, Operating EBITDA Margin, Store Level Operating EBITDA Margin,
Store Level Operating EBITDA Margin for Mature Stores, Store Level Operating EBITDA Margin for others, Operating
ROCE, Capital Employed, Operating Capital Employed, Adjusted Capital Employed and Operating EBIT, revenue per store,
Operating EBITDA per store, payback period, store numbers state wise and region wise, branded vs. non-branded sales mix,

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