Withdrawal of the Offer

The Offer shall be withdrawn in the event the requirement of the minimum subscription as prescribed under
Regulation 45 of the SEBI ICDR Regulations is not fulfilled) Our Company and the Promoter Selling
Shareholder, in consultation with the BRLMs, reserve the right to not proceed with the Offer, in whole or part
thereof, after the Bid/Offer Opening Date but before the Allotment. In the event that our Company and the
Promoter Selling Shareholder, in consultation with the BRLMs, decide not to proceed with the Offer, our
Company shall issue a public notice in the newspapers in which the pre-Offer advertisements were published,
within two days of the Bid/Offer Closing Date or such other time as may be prescribed by the SEBI, providing
reasons for not proceeding with the Offer. In such event, the BRLMs through the Registrar to the Offer, shall
notify the SCSBs and the Sponsor Bank, to unblock the bank accounts of the ASBA Bidders within one
Working Day from the date of receipt of such notification and also inform the Banker to the Offer to process
refunds to the Anchor Investors, as the case may be. Our Company shall also inform the same to the Stock
Exchanges on which the Equity Shares are proposed to be listed.

Notwithstanding the foregoing, the Offer is also subject to obtaining (i) the final listing and trading approvals of
the Stock Exchanges, which our Company shall apply for after Allotment, and (ii) the final RoC approval of this
Prospectus after it is filed with the RoC. If our Company withdraws the Offer after the Bid/Offer Closing Date
and thereafter determines that it will proceed with a public offering of Equity Shares, our Company shall file a
fresh draft red herring prospectus with the SEBI.

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