Our IPO Committee, at its meeting held on March 20, 2021, has accepted and entered into the Underwriting Agreement
mentioned above on behalf of our Bank.

Allocation among the Underwriters may not necessarily be in proportion to their underwriting commitment set forth in the table
above.

Notwithstanding the above table, the Underwriters shall be severally responsible for ensuring payment with respect to the Equity
Shares allocated to investors respectively procured by them in accordance with the Underwriting Agreement. In the event of any
default in payment, the respective Underwriter, in addition to other obligations defined in the Underwriting Agreement, will also
be required to procure subscribers for or subscribe the Equity Shares to the extent of the defaulted amount in accordance with
the Underwriting Agreement. The extent of underwriting obligations and the Bids underwritten in the Issue shall be as per the
Underwriting Agreement.

Changes in auditors

Except as disclosed below, there are no changes to our statutory auditors in the last three years:

 

Particulars Date of change Reason for change
MSKC & Associates, Chartered Accountants | September 26, 2019 Appointed as Statutory Auditor
(formerly known as R. K. Kumar & Co.)
602, Floor 6, Raheja Titanium
Western Express Highway, Geetanjali Railway
Colony
Ram Nagar, Goregaon — East
Mumbai - 400063Maharashtra, India
E-mail: tusharkurani@bdo.in
Peer Review number: 011948
Firm Registration number: 001595S,

 

 

BSR & Associates LLP September 26, 2019 Cessation due to completion of term
5 Floor, Lodha Excellus as statutory auditor

Apollo Mills Compound

N.M. Joshi Marg, Mahalaxmi

Mumbai 400 011

Maharashtra, India

E-mail: asuvarna@bsraffiliates.com

Peer review number: 011719

Firm Registration Number: 116231W/W-100024

 

 

 

 

 

Updates from the Red Herring Prospectus to this Prospectus

Except for the Issue related updates included in this Prospectus, there have been no updates in relation to our Bank since the
filing of the Red Herring Prospectus with the RoC.

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