Lone Furrow is controlled by Gangadi Madhukar Reddy and Gangadi Investments Private Limited.

Shareholding pattern

The authorised, issued and paid-up share capital of Lone Furrow is = 100,000 divided into 10,000 equity shares of face value
of 210 each.

The shareholding pattern of Lone Furrow is as follows:

 

 

 

 

 

 

 

Name of the shareholder Number of equity shares held Percentage shareholding (%)
Gangadi Investments Private Limited 9,999 99.99
Cherukupalli Bhaskar Reddy* 1 0.01
Total 10,000 100

 

 

* Held as a nominee on behalf of Gangadi Investments Private Limited, who is the beneficial owner of such equity share

Our Company confirms that the permanent account number, bank account number(s), company registration number and the
address of the registrar of companies where Lone Furrow is registered, shall be submitted to the Stock Exchanges at the time
of filing the Draft Red Herring Prospectus.

Board of directors
The board of directors of Gangadi Investments Private Limited comprise the following:

1. Gangadi Madhukar Reddy; and
2. Cherukupalli Bhaskar Reddy

Details of change in control

There has been no change in the control of Lone Furrow in the last three years preceding the date of this Prospectus, except as
stated below:

 

 

 

 

 

 

 

 

Date of Board ‘Transferor Transferee Description of | No. of shares % Shareholding
Meeting Shares transferred
December 5, 2020 | Gangadi Madhukar | Gangadi Investments Private | Equity 9,999 99.99
Reddy Limited
December 5, 2020|Cherukupalli Bhaskar | Gangadi Investments Private | Equity 1 0.01
Reddy* Limited

 

 

 

* Held as a nominee on behalf of Gangadi Investments Private Limited, who is the beneficial owner of such equity share

Changes in control

Our Individual Promoter is the original promoter of our Company. Our, Corporate Promoters are not the original promoters of
our Company. While our Corporate Promoters have acquired Equity Shares and Preference Shares pursuant to allotments and
transfers during this period, such transfers have not resulted in any changes in the effective management and control of our
Company during the five years preceding this Prospectus. For details in relation to the shareholding of our Promoter and
Promoter Group, and changes in the shareholding of our Promoters, including in the five years preceding the date of this
Prospectus, see “Capital Structure” on page 82.

Interests of Promoters

Our Promoters are interested in our Company to the extent: (i) of their shareholding in the Company and dividend payable, if
any, and other distributions in respect of the Equity Shares held by them; and (ii) that Gangadi Madhukar Reddy is the Managing
Director and the Chief Executive Officer of our Company and the remuneration payable by our Company to him. For details,
see “Capital Structure — History of the Share Capital held by our Promoters” and “Our Management ~ Interest of Directors”
on pages 81 and 189, respectively.

Further, our Promoter Gangadi Madhukar Reddy, is also a director of Agilemed and Lone Furrow and may be regarded as
interested to the extent of the remuneration payable to him for services rendered in his role, and to the extent of other
reimbursement of expenses payable to him as per the terms of his appointment and holds Equity Shares in the Company. He is
also a promoter and director of the Group Company, Hinshitsu Manufacturing Private Limited and is interested to that extent
in the Group Company.

In the last six months, Agilemed acquired 76,339 Equity Shares of face value 210 for a consideration of 3275,00,00,000 on
February 5, 2021 and Lone Furrow acquired 83,278 Equity Shares of face value 210 for a consideration of %300,00,00,000 on
February 5, 2021.

One of our Corporate Promoters, Lone Furrow had pledged 1,676,418 Series B2 CCPS held by it in favour of Zash Traders
(through Vistra ITCL (India) Limited) aggregating to 7.50% of the pre-Offer equity share capital of our Company, on a fully
204
