The extent to which industry and market data set forth in this Prospectus is meaningful depends on the reader’s
familiarity with and understanding of the methodologies used in compiling such data. There are no standard data
gathering methodologies in the industry in which we conduct our business, and methodologies and assumptions
may vary widely among different industry sources. Accordingly, no investment decision should be made solely
on the basis of such information. Such data involves risks, uncertainties and numerous assumptions and is subject
to change based on various factors, including those disclosed in ‘Risk Factors’ on page 22.

This Prospectus contains certain industry and market data and statements concerning our industry obtained from
Technopak Advisors Private Limited (“Technopak”). Further Technopak, vide their letter dated October 28, 2021
(“Letter”) has accorded their no objection and consent to use the Technopak Report. Technopak, vide their Letter
has also confirmed that they are an independent agency, and confirmed that it is not related to our Company, our
Directors, our Promoters or our Key Managerial Personnel.

Notice to Prospective Investors in the United States

The Equity Shares have not been recommended by any U.S. federal or state securities commission or regulatory
authority. Furthermore, the foregoing authorities have not confirmed the accuracy or determined the adequacy of
this Prospectus or approved or disapproved the Equity Shares. Any representation to the contrary is a criminal
offence in the United States. In making an investment decision, investors must rely on their own examination of
our Company and the terms of the Offer, including the merits and risks involved. The Equity Shares have not been
and will not be registered under the U.S. Securities Act of 1933, as amended or any other applicable law of the
United States and, unless so registered, may not be offered or sold within the United States except pursuant to an
exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and
applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) in the United States
only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S.
Securities Act) in reliance on Rule 144A or another available exemption from, or in a transaction not subject to,
the registration requirements of the U.S. Securities Act, and (b) outside the United States in offshore transactions
as defined in and in compliance with Regulation S and the applicable laws of the jurisdiction where those offers
and sales are made.

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