19.

20.

21.

 

Date of Allottees Number of | Face value | Issue price per | Reason for allotment

 

allotment Equity Shares | per Equity | Equity Share (8)
allotted Share (®)
February 23, {3,084,833 Equity Shares were 5,208,226 10 291.75 | Private placement
2021 allotted to SBI Life Insurance

Company Limited, 1,713,795
Equity Shares were allotted to
Axis Flexi Cap Fund, 342,760
Equity Shares were allotted to
Axis Equity Hybrid Fund and
66,838 Equity Shares were
allotted to Kiran Vyapar Limited.
March 2, 2021 [3,140,000 Equity Shares were 3,325,000 10 180] Private placement
allotted to Baskar Babu
Ramachandran, 100,000 were
allotted to P.S. Jagdish and 85,000
Equity Shares were allotted to
G.V. Alankara

 

 

 

 

 

 

 

 

 

Quarter ended| An aggregate of 262,661 Equity 262,661 10 108 to 196 |[Alloiment pursuant to
March 31, 2021 | Shares were allotted by our Bank ESOP 2016 and ESOP
under ESOP 2016 on February 23, 2019
2021

 

* Allotted to Eligible Employee as per the applicable ESOP scheme

For further information, see “Capital Structure” on page 73. The price at which Equity Shares have been issued by us in
the preceding one year is not indicative of the price at which it will be traded or issued.

Certain corporate records and regulatory filings of our Bank are not traceable and there have been irregularities in
the filings made by our Bank in the past and we cannot assure you whether any penalty may be imposed on us and that
any such event will not have an adverse effect on our business and operations.

In the past, certain filings and corporate authorizations made by our Bank have not been made in manner required under
the Companies Act, 1956 and the Companies Act, 2013. Such instances include examples where certain mandatory
attachments required to be attached to the forms filed with the RoC were not attached. Additionally, certain forms filed by
our Bank in the past had factual inaccuracies, which related to, amongst others, incorrect references to the date of allotment
in the forms and list of allottees. Further, there have been instances where our Bank has not been able to trace certain forms
including executed forms, documents in relation to certain transfers including certain transfer slips, an acknowledgement
copy of form FCTRS from the RBI and corporate authorizations including attachments such as valuation reports obtained
by our Bank for certain allotments and transfers. We cannot assure you that the abovementioned forms will be available
in the future. Further, we cannot assure you that our Bank has filed such forms in a timely manner or at all, in the past. We
also cannot assure you that the statutory authorities will not impose any penalty and if imposed that such penalty will not
have a material adverse effect on our business, operations and financial results.

We have not been able to obtain certain records of the educational qualifications of certain of our Directors our
Promoters and our Key Managerial Personnel and have relied on declarations and undertakings furnished by such
Directors for details of their profiles included in this Prospectus.

One of our Directors, one of our Promoters and one of our Key Managerial Personnel have been unable to trace copies of
documents pertaining to their educational qualifications. While such Director, Promoter and Key Managerial Personnel
have filed applications with the relevant university seeking copies of educational qualifications, a revert from the respective
universities are awaited. Accordingly, reliance has been placed on declarations, undertakings and affidavits furnished by
such Directors, Promoter and KMPs to us and the BRLMs to disclose details of their educational qualifications in this
Prospectus. For further details, see “Our Management - Brief biographies of Directors”, “Our Management - Key
Managerial Personnel” and “Our Promoters and Promoter Group - Details of our Promoters” on pages 191-192, 201-
202 and beginning on 205 respectively, of this Prospectus. We and the BRLMs have been unable to independently verify
these details prior to inclusion in this Prospectus. Further, there can be no assurances that our Directors, our Promoters and
our Key Managerial Personnel will be able to trace the relevant documents pertaining to their respective qualifications in
the future, or at all.

We have introduced new products and services and we cannot assure you that such products and services will be
profitable in the future. Further, we may not be able to successfully diversify our product portfolio or enter into new
lines of business, which may materially and adversely affect our business prospects and impact our future financial
performance.

33
