The liability prescribed under Section 447 of the Companies Act, 2013, for fraud involving an amount of at least
% 1 million or 1% of the turnover of the Company, whichever is lower, includes imprisonment for a term which
shall not be less than six months extending up to 10 years and fine of an amount not less than the amount involved
in the fraud, extending up to three times such amount (provided that where the fraud involves public interest, such
term shall not be less than three years.) Further, where the fraud involves an amount less than 2 1 million or one
per cent of the turnover of the company, whichever is lower, and does not involve public interest, any person
guilty of such fraud shall be punishable with imprisonment for a term which may extend to five years or with fine
which may extend to 2 5.00 million or with both.

Undertakings by our Company

Our Company undertakes the following:

. the complaints received in respect of the Offer were attended to by our Company expeditiously and
satisfactorily;
. all steps for completion of the necessary formalities for listing and commencement of trading at all the

Stock Exchanges where the Equity Shares are proposed to be listed are taken within six Working Days
of the Bid/Offer Closing Date or within such other time period prescribed by SEBI will be taken;

. the funds required for making refunds/unblocking (to the extent applicable) as per the mode(s) disclosed
shall be made available to the Registrar to the Offer by our Company;

. if Allotment is not made within the prescribed timelines under applicable laws, the entire subscription
amount received will be refunded/unblocked within the time prescribed under applicable laws. If there
is a delay beyond such prescribed time, our Company shall pay interest prescribed under the Companies
Act, 2013, the SEBI ICDR Regulations and other applicable laws for the delayed period;

. where refunds (to the extent applicable) are made through electronic transfer of funds, a suitable
communication shall be sent to the applicant within time prescribed under applicable laws, giving details
of the bank where refunds shall be credited along with amount and expected date of electronic credit of
refund;

. that if our Company or the Selling Shareholders do not proceed with the Offer after the Bid/Offer Closing
Date but prior to Allotment, the reason thereof shall be given by our Company as a public notice within
two days of the Bid/Offer Closing Date. The public notice shall be issued in the same newspapers where
the pre-Offer advertisements were published. The Stock Exchanges shall be informed promptly;

. that if our Company and the Selling Shareholders withdraw the Offer after the Bid/Offer Closing Date,
our Company shall be required to file a fresh offer document with SEBI, in the event our Company or
the Selling Shareholders subsequently decide to proceed with the Offer;

. except for Equity Shared allotted pursuant to the Offer, no further issue of the Equity Shares shall be
made till the Equity Shares offered through the Red Herring Prospectus are listed or until the Bid monies
are refunded/unblocked in the relevant ASBA Accounts/ refunded on account of non-listing, under-
subscription, etc.; and

. adequate arrangements were made to collect all Bid cum Application Forms from Bidders.

Undertakings by the Selling Shareholders

Each of the Selling Shareholder, severally and not jointly, specifically undertakes and/or confirms the following
in respect to itself as a Selling Shareholder and its respective portion of the Offered Shares:

@ it is the legal and beneficial holder and has full title to its respective portion of the Offered Shares;
(ii) its respective portion of the Offered Shares are fully paid and are in dematerialized form; and
(iii) it shall not have recourse to the proceeds from the Offer for Sale until receipt by our Company of the

final listing and trading approvals from all the Stock Exchanges in accordance with applicable law.

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