Cc Outstanding actions by statutory or regulatory authorities against our Subsidiaries
There are no pending actions by statutory or regulatory authorities against our Subsidiaries.
D. Outstanding tax proceedings involving our Subsidiaries
There are no outstanding tax proceedings involving our Subsidiaries.

Vv. OUTSTANDING LITIGATION INVOLVING OUR GROUP COMPANIES WHICH HAS A
MATERIAL IMPACT ON OUR COMPANY

MC Craftsman Machinery Private Limited

There are no litigation involving MC Craftsman Machinery Private Limited that has a material impact
on our Company.

Carl Stahl Craftsman Enterprises Private Limited

There are no litigation involving Carl Stahl Craftsman Enterprises Private Limited that has a material
impact on our Company.

Material developments since the last balance sheet date

Except as stated in “Management’s Discussion and Analysis of Financial Condition and Results of Operation
— Significant Developments after December 31, 2020” on page 321, no circumstances have arisen since
December 31, 2020, the date of the Restated Financial Information disclosed in this Prospectus, which materially
and adversely affect or are likely to affect the value of our consolidated assets or our ability to pay our material
liabilities within the next 12 months.

    

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