Intellectual Property

We have six trademarks pertaining to our brand name, all of which are pending registration under the Trade Marks
Act, 1999, as amended. Our Company has made applications seeking registration of the trademarks ‘Go Colors!
— The Art of Dressing Down’, ‘GO. CoLoRS!? and *O? S252"*"> under class 25, and, while our Group
Company, Meridian Global Ventures Private Limited (“Meridian”), had made applications seeking registration

of the trademarks ‘ COlors ts c= *, and ‘GO COLORS’ under class 25, the rights, title and interest
in these trademarks have been assigned perpetually to our Company by way of an assignment deed dated January
10, 2018, entered into between our Company and Meridian. Our Company has also obtained 22 other trademark
registrations in India. For further information regarding our pending trademark applications, see “Government
and Other Approvals” on page 346 and “Risk Factors — We may be unable to adequately protect our trademarks,
including ‘GO GOLORS’ and GOCOLORS! , and an inability to protect or use our intellectual property rights may
adversely affect our business.” on page 31.

Employees and Human Resources
We consider our employees and personnel one of our most important assets, whom are critical to maintaining our

competitive position in key geographical markets and within the retail industry. As of September 30, 2021, we
had 2,855 employees, as set forth below, by function:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Department Number of Employees
EBO — Front End 1,593
EBO — Corporate 38
LFS — Front End 897
LES — Corporate 9
MBO — Front End 2
MBO — Corporate 1
Online 4
Marketing 5
Design 10
Business Intelligence 7
Logistics and Warehousing 164
Quality Assurance 24
‘Accounts and Finance 28
Human Resources and Admin 24
IT 6
Projects 33
Total 2,855

 

 

 

 

In addition to our full-time employees, we engaged 13 personnel on a contractual basis primarily for security and
housekeeping services, as of September 30, 2021. We consider ourselves to have good relations with our
employees. In addition to compensation that includes salary, allowances (including performance linked bonuses)
and growth and reward plans, we provide our employees other benefits which include accident insurance coverage,
medical reimbursement, yearly leave and retirement benefits.

Our human resource policies focus on recruiting talented and qualified personnel whom would integrate well with
our current workforce. We endeavour to develop and train our employees in order to facilitate the growth of our
operations. We have instituted several inclusivity initiatives for our employees. Our employee induction procedures
are focused on taking regular feedback and facilitating interaction between new employees and senior management.
We conduct regular training workshops and performance reviews. We have medical and accident insurance for our
employees and have also introduced wellness and physical health programs. We have also implemented a
performance based incentive plan for our EBO and LFS store employees.

Corporate and Social Responsibility (“CSR”)
We have constituted a corporate and social responsibility (“CSR”) committee of our Board of Directors (the “CSR.
Committee”) and have adopted and implemented a CSR policy on 14‘ June 2017, pursuant to which we carry

out our CSR activities. Our recent CSR initiatives include contributions to the Global Vipasana Foundation.

In Fiscals 2019, 2020 and 2021, we were required to spend % 3.08 million, % 6.32 million, 2 9.98 million,
respectively and we incurred % 2.58 million, = 0.61 million and 2 16.81 million, as expenditure towards our CSR

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