Material Guarantees

Our Promoters, Prakash Kumar Saraogi, Gautam Saraogi and Rahul Saraogi have given personal guarantees for
both the facilities availed by our Company from ICICI Bank Limited and RBL Bank Limited for meeting the
working capital requirements of the Company to the extent of = 300 million and % 350 million, respectively. In
the event of any default of the terms, conditions, representation, warranties and covenants under the borrowing
arrangements by our Company, Prakash Kumar Saraogi, Gautam Saraogi and Rahul Saraogi shall be liable for the
repayment obligations of our Company in accordance with the terms and conditions of the personal guarantee.
Further, the duration of the personal guarantee is the tenure of the facilities availed by our Company.

Our Promoters, VKS Family Trust and PKS Family Trust (collectively, the ‘Borrowers Trusts’), have pledged
their shares aggregating to 16.56% of the paid-up Equity Share Capital of the Company against a facility availed
from Tata Capital Financial Services Limited amounting to 2 400 million. Pursuant to the terms of the facility, in
the event of an initial public offering by the Company, the Borrowers Trusts/ the security providers including,
amongst others, VKS Family Trust, PKS Family Trust are required to tender such number of equity shares of the
Company, in the offer for sale category, that the post-tax realisation is sufficient to prepay the facility. The duration
of the guarantee is the tenure of the facility availed. In the event of any default of the terms and conditions of the
facility, the Borrowers Trusts shall be liable for the repayment obligations in accordance with the terms and
conditions of the facility.

Promoter Group*

A. Natural persons who are part of the Promoter Group

The natural persons who are part of the Promoter Group (due to their relationship with our Promoter), other than
our Promoter, are as follows:

 

 

Name of Promoter Name of relative Relationship
Prakash Kumar Saraogi Mohini Devi Mother
Pushpa Devi Saraogi Spouse
Vinod Kumar Saraogi Brother
Gautam Saraogi Son
Priyanka Vivek Taparia Daughter
Brijlal Gupta Spouse’s Father
Murali Manohar Spouse’s Brother
Rashi Lohia Spouse’s Sisters
Rekha Gupta Spouse’s Sisters
‘Anita Goenka Spouse’s Sisters
Manju Agarwal Spouse’s Sisters
Nirmala Shorewala Spouse’s Sisters
Rahul Saraogi Vinod Kumar Saraogi Father
Usha Devi Saraogi Mother
Ruchita Saraogi Spouse
Neha Garodia Sister
Abeer Saraogi Son
Miraya Saraogi Daughter
Gautam Saraogi Prakash Kumar Saraogi Father
Pushpa Devi Saraogi Mother
Nidhi Saraogi Spouse
Priyanka Vivek Taparia Sister

Samar Saraogi
Ajoy Balkrishna Rathi
Nisha Ajoy Rathi
Manan Ajoy Rathi

Son
Spouse’s Father
Spouse’s Mother
Spouse’s Brother

 

‘Our Company has received an exemption from SEBI vide letter no. SEBI/HO/CFD/DIL2/P/OW/2021/30306/1 dated October 27,
2021under Regulation 300(1)(c) of the SEB ICDR Regulations from disclosing (i) Uma Gupta, Shushila Chudiwala, Suniti Rasiwasia
and Shivani Khemka (sisters of one of the Promoters, Prakash Kumar Saraogi), Urmila Devi (sister of the spouse of one of the
Promoters, Prakash Kumar Saraogi), Purushottam Agarwal (father of the spouse of one of the Promoters, Rahul Saraogi) and Ravi
Agarwal (brother of the spouse of one of the Promoters, Rahul Saraogi) (“Exempted Individuals”) as members of the ‘promoter group’
of the Company, (ii) any body corporate in which the Exempted Individuals or any Hindu undivided family or firm where they are
members, may hold 20% or more of the equity share capital, or (iii) any body corporate in which the body corporate mentioned under
(ii) above holds 20% or more of the equity share capital; or (iv) any Hindu undivided family or firm in which the Exempted Individuals
may hold 20% or more of the total capital, respectively, in accordance with the SEBI ICDR Regulations.

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