Details regarding material acquisitions or divestments of business/undertakings, mergers, amalgamation,
revaluation of assets, etc. in the last 10 years

Our Company has not made any material acquisitions or divestments of any business or undertaking. Except as
stated below, our Company has not undertaken any mergers, amalgamation or revaluation of assets in the last ten
years preceding the date of this Prospectus. Pursuant to the adoption of Ind AS by our Company with effect from
April 1, 2015, a revaluation reserve aggregating to = 554.23 million was created due to land revaluation on
transition date to Ind AS, being April 1, 2015 and such reserve will not be available for distribution of profits. For
more details, see “Financial Statements” on page 225.

Shareholders’ Agreements and Other Agreements

Key terms of subsisting shareholders’ agreements

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Shareholders’ agreement dated July 3, 2012 (the “SHA”) by and among our Company, our Promoter,
S. Murali, K. Gomatheswaran, IFC and Standard Chartered Private Equity (Mauritius) II Limited
(“SCPE” and together with IFC, the “Investors”), as amended and deed of adherence dated March
17, 2017 executed by and among our Company, our Promoter, the Investors, K. Gomatheswaran and
Marina (the “Deed of Adherence”).

Our Promoter, K. Gomatheswaran, S. Murali, the Investors and our Company entered into the SHA to
set out the terms and conditions of the relationship of the shareholders of our Company and certain
matters connected therewith. The key provisions of the SHA are summarized below:

(a) Board of directors: In terms of the SHA, the Investors have the right to nominate one director
each on the Board of our Company or committee provided the Investors hold at least 30.00% of
the equity shares allotted to them pursuant to the respective share subscription agreements
entered into by them with our Company;

(b) Transfer of equity shares: The SHA contains certain transfer restrictions vis-a-vis the Equity
Shares. For example, our Promoter and K. Gomatheswaran are together required to hold at least
55.00% of the Equity Shares, of which at least 51.00% shareholding is required to be maintained
by our Promoter. Further, our Promoter, K. Gomatheswaran and S. Murali are restricted from
transferring the Equity Shares, unless a prior written consent is sought from the Investors, and
are restricted from creating an encumbrance on the Equity Shares held by them;

() Pre-emptive and anti-dilution rights: The SHA contains certain preferential rights for the
Investors, including pre-emptive and anti-dilution rights in the event our Company issues equity
shares (except for equity shares issued pursuant to any employee stock option plan of our
Company or listing of equity shares on stock exchanges);

(d) Consent rights: As per the SHA, there are certain corporate matters pertaining to our Company
in respect of which our Company is required to obtain a prior written consent from the Investors
before proceedings with them, such as (i) amending or repealing our Company’s charter; (ii)
creating, authorising or issuing Company’s shares; (iii) authorising or undertaking listing or any
offering of the Equity Shares; (iv) authorising or undertaking any change of capital structure of
our Company; and (v) declaration or payment of dividend;

(e) Exit rights: As per the SHA, our Company is mandated to undertake an initial public offering
within a stipulated time to provide an exit for the Investors, the terms of which require prior
written consent of the Investors. In the event our Company fails to complete the initial public
offering, our Company is required to either: (i) buy-back all or part of the Equity Shares held
by the Investors; or (ii) identify an investor to purchase the Equity Shares held by the Investors
at either the fair market value price or at a specified internal rate of return on the subscription
amount, whichever is higher.

In accordance with the terms of the SHA, SCPE transferred its entire shareholding of 89,100 equity
shares in our Company to Marina, an affiliate of SCPE, for which the Deed of Adherence was executed.
Further, pursuant to the Deed of Adherence, all rights and obligations of SCPE under the SHA were
transferred to Marina.

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