. where refunds (to the extent applicable) are made through electronic transfer of funds, a suitable communication shall
be sent to the unsuccessful Bidder within six Working Days from the Bid/ Offer Closing Date or such other prescribed
under applicable law, giving details of the bank where refunds shall be credited along with amount and expected date
of electronic credit of refund;

. Promoters’ contribution, if any, shall be brought in advance before the Bid/ Offer Opening Date and the balance, if
any, shall be brought in on a pro rata basis before calls are made on the Allottees; and

° Except for the allotment of Equity Shares upon any exercise of options vested pursuant to the ESOP Scheme, no further
issue of Equity Shares shall be made till the Equity Shares offered through this Prospectus are listed or until the Bid
monies are unblocked in ASBA Account/refunded on account of non-listing, under-subscription, etc.

Undertakings by the Selling Shareholders
Each Selling Shareholder severally and not jointly undertakes that:

° the Equity Shares being sold by it pursuant to the Offer have been held by them for a period of at least one year prior
to the date of filing the Draft Red Herring Prospectus with SEBI, are fully paid-up and are in dematerialised form;

. they shall provide all reasonable co-operation as requested by our Company in relation to the completion of allotment
and dispatch of the Allotment Advice and CAN, if required, and refund orders to the extent of their respective portion
of Offered Shares pursuant to the Offer;

. they are the legal and beneficial owner of the Equity Shares which are offered by them pursuant to the Offer for Sale
and are free and clear of any pre-emptive rights, liens, charges, pledges, or transfer restrictions;

. that they shall provide such reasonable support and extend such reasonable cooperation as may be required by our
Company and the BRLMs in redressal of such investor grievances that pertain to the extent of their respective portion
of Offered Shares pursuant to the Offer;

. they shall deposit their respective portions of Offered Shares in an escrow demat in accordance with the share escrow
agreement to be executed between the parties to such share escrow agreement;

. they are not debarred from accessing the capital markets or debarred from buying, selling or dealing in securities
under any order or direction passed by the SEBI;

° it shall not have recourse to the proceeds of the Offer, which shall be held in escrow in its favour, until final approval
for trading of the Equity Shares from the Stock Exchanges where listing is sought has been received; and

° the filing of this Prospectus does not absolve the Selling Shareholders from any liabilities to the extent of the statements
specifically made or confirmed by themselves in respect of themselves and of their respective Offered Shares, under
Section 34 or Section 36 of Companies Act, 2013.

The decisions with respect to the Price Band, the minimum Bid lot, revision of Price Band, Offer Price, will be taken by our
Company and the Selling Shareholders in consultation with the BRLMs.

Utilisation of Offer Proceeds

Our Company and the Selling Shareholders, severally and not jointly, specifically confirm that all monies received out of the
Offer shall be credited/transferred to a separate bank account referred to in sub-section (3) of Section 40 of the Companies Act.

Impersonation

Attention of the Bidders is specifically drawn to the provisions of sub-section (1) of Section 38 of the Companies Act, 2013
which is reproduced below:

“Any person who —

(a) makes or abets making of an application in a fictitious name to a company for acquiring, or subscribing for, its
securities; or

(b) makes or abets making of multiple applications to a company in different names or in different combinations of his
name or surname for acquiring or subscribing for its securities; or

() otherwise induces directly or indirectly a company to allot, or register any transfer of, securities to him, or to any
other person in a fictitious name, shall be liable for action under Section 447.”

The liability prescribed under Section 447 of the Companies Act, 2013 for fraud involving an amount of at least 71 million or
1% of the turnover of the company, whichever is lower, includes imprisonment for a term which shall not be less than six

352
