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(d) The Equity Shares forming part of the Promoter’s contribution are not subject to any pledge.

(e) All the Equity Shares held by the Promoters are held in dematerialised form.

Other lock-in requirements:

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(i)

(iii)

(iv)

In addition to the 20% of the fully diluted post-Offer shareholding of our Company held by the Promoters
locked in for 18 months as specified above, the entire pre-Offer Equity Share capital of our Company will be
locked-in for a period of six months from the date of Allotment except for (i) the Equity Shares offered
pursuant to the Offer for Sale; (ii) any Equity Shares held by the eligible employees (whether currently
employees or not) of our Company which have been or will be allotted to them under the ESOP Plan 2009
and ESOP Plan 2021; and (iii) the Equity Shares held by VCFs or Category I AIF or Category II AIF or
FVCI, subject to certain conditions set out in Regulation 17 of the SEBI ICDR Regulations, provided that
such Equity Shares will be locked-in for a period of at least six months from the date of purchase by the VCFs
or Category I AIF or Category II AIF or FVCI. Accordingly, PI Opportunities Fund — I which is a SEBI
registered Category II AIF will not be subjected to the lock-in requirements.

Our Promoters have agreed not to sell, transfer, charge, pledge or otherwise encumber in any manner, the
Promoter’s contribution from the date of filing this Prospectus, until the expiry of the lock-in specified above,
or for such other time as required under SEBI ICDR Regulations, except as may be permitted, in accordance
with the SEBI ICDR Regulations.

Any Equity Shares Allotted to Anchor Investors under the Anchor Investor Portion shall be locked-in for a
period of 30 days from the date of Allotment. The Equity Shares held by any person other than our Promoters
and locked-in for a period of six months from the date of Allotment in the Offer may be transferred to any
other person holding the Equity Shares which are locked-in, subject to continuation of the lock-in in the hands
of transferees for the remaining period (and such transferees shall not be eligible to transfer until the expiry
of the lock-in period) and compliance with the Takeover Regulations.

Pursuant to Regulation 21 of the SEBI ICDR Regulations, Equity Shares held by our Promoters and locked-
in, as mentioned above, may be pledged as collateral security for a loan with a scheduled commercial bank,
a public financial institution, Systemically Important Non-Banking Financial Company or a deposit accepting
housing finance company, subject to the following:

(a) With respect to the Equity Shares locked-in for six months from the date of Allotment, such pledge
of the Equity Shares must be one of the terms of the sanction of the loan.

(b) With respect to the Equity Shares locked-in as Promoter’s Contribution for 18 months from the date
of Allotment, the loan must have been granted to our Company for the purpose of financing one or
more of the objects of the Offer, which is not applicable in the context of this Offer.

However, the relevant lock-in period shall continue post the invocation of the pledge referenced above, and
the relevant transferee shall not be eligible to transfer to the Equity Shares till the relevant lock-in period has
expired in terms of the SEBI ICDR Regulations.

In terms of Regulation 22 of the SEBI ICDR Regulations, Equity Shares held by our Promoters and locked-
in, may be transferred to any member of our Promoter Group or a new promoter, subject to continuation of
lock in applicable with the transferee for the remaining period and compliance with provisions of the
Takeover Regulations. Further, the Equity Shares held by persons other than our Promoters prior to the Offer
and locked-in for a period of six months, may be transferred to any other person holding Equity Shares which
are locked in along with the Equity Shares proposed to be transferred, subject to the continuation of the lock
in with the transferee and compliance with the provisions of the Takeover Regulations, as applicable.

History of Share Capital held by our Selling Shareholders

The build-up of the shareholding of the Selling Shareholders at various points of time along with the price and the
weighted average price of acquisition:

PI Opportunities Fund - I

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