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The Bidding/uploading charges payable to the Syndicate / Sub-Syndicate Members, RTAs and CDPs will be determined on the basis of the
bidding terminal id as captured in the bid book of BSE or NSE.

Processing fees for applications made by Retail Individual Investors using the UPI mechanism will be NIL for each valid Bid cum Application
form. * The Sponsor Bank Shall be responsible for making payments to the third parties such as remitter bank, NPCI and such other parties as
required in connection with the performance of its duties under the SEBI circulars, the Syndicate Agreement and other Applicable Laws.

For Registered Brokers
Selling commission payable to the registered brokers on the portion for Retail Individual Bidders and Non-Institutional Bidders which are directly
procured by the Registered Brokers and submitted to SCSB for processing would be as follows:

 

Portion for Retail Individual Bidders & Non Institutional Bidders | Rs.10/- per valid application’ (plus applicable taxes)

 

 

 

 

“Based on valid applications

For Sponsor Bank

Processing fees for applications made by Retail Individual Investors using the UPI mechanism will be NIL for each valid Bid cum Application

form. The Sponsor Bank shall be responsible for making payments to the third parties such as remitter bank, NPCI and such other parties as

required in connection with the performance of its duties under the SEBI Circular No: SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated June 02, 2021

read with SEBI Circular No: SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021., the Syndicate Agreement and other Applicable

Laws.

“Based on valid applications

Note: The processing fees for applications made by Retail Individual Bidders using the UPI Mechanism may be released to the remitter banks
(SCSBs) only after such banks provide a written confirmation on compliance with SEBI Circular No: SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated
June 02, 2021 read with SEBI Circular No: SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021.

Appraising entity

None of the objects for which the Net Proceeds will be utilised have been appraised by any bank or financial institution
or other independent agency.

Interim use of Net Proceeds

Pending utilisation of the Net Proceeds for the purposes described above, our Company will temporarily invest the
Net Proceeds in deposits in one or more scheduled commercial banks included in the Second Schedule of Reserve
Bank of India Act, 1934, as may be approved by our Board.

In accordance with Section 27 of the Companies Act, 2013, our Company confirms that it shall not use the Net
Proceeds for buying, trading or otherwise dealing in shares of any other listed company or for any investment in the
equity markets.

Bridge financing facilities

Our Company has not raised any bridge loans from any bank or financial institution as on the date of the Red Herring
Prospectus and this Prospectus, which are proposed to be repaid from the Net Proceeds.

Monitoring of utilisation of funds

In terms of Regulation 41 of the SEBI ICDR Regulations, our Company will appoint a Monitoring Agency to monitor
the utilization of the Net Proceeds prior to filing of the Red Herring Prospectus and this Prospectus. Our Company
undertakes to place the report(s) of the Monitoring Agency on receipt before the Audit Committee without any delay.
Our Company will disclose the utilisation of the Net Proceeds, including interim use under a separate head in our
balance sheet for such fiscals as required under applicable law, specifying the purposes for which the Net Proceeds
have been utilised. Our Company will also, in its balance sheet for the applicable fiscals, provide details, if any, in
relation to all such Net Proceeds that have not been utilised, if any, of such currently unutilised Net Proceeds. Our
Company will indicate investments, if any, of unutilised Net Proceeds in the balance sheet of our Company for the
relevant fiscals subsequent to receipt of listing and trading approvals from the Stock Exchanges.

Pursuant to Regulation 32(3) of the SEBI Listing Regulations, our Company shall, on a quarterly basis, disclose to the
Audit Committee the uses and applications of the Net Proceeds. On an annual basis, our Company shall prepare a
statement of funds utilised for purposes other than those stated in the Red Herring Prospectus and this Prospectus and
place it before the Audit Committee and make other disclosures as may be required until such time as the Net Proceeds
remain unutilised. Such disclosure shall be made only until such time that all the Net Proceeds have been utilised in
full. The statement shall be certified by the statutory auditor of our Company. Furthermore, in accordance with
Regulation 32(1) of the SEBI Listing Regulations, our Company shall furnish to the Stock Exchanges on a quarterly
basis, a statement indicating (i) deviations, if any, in the actual utilisation of the proceeds of the Fresh Issue from the
objects of the Fresh Issue as stated above; and (ii) details of category wise variations in the actual utilisation of the
proceeds of the Fresh Issue from the objects of the Fresh Issue as stated above. This information will also be published

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