Further, pursuant to a letter dated November 25, 2021, Zash Traders released the pledge over the Pledge A Shares, which have
since been converted into 8,543,340 Equity Shares pursuant to a resolution passed by the Board dated November 22, 2021. In
terms of the loan documentation with Zash Traders, Lone Furrow has created a pledge over the Pledged Shares in favour of
Zash Traders. Further, pursuant to the Pledge Modification Letter dated August 6, 2021 read with the supplemental letter dated
November 25, 2021, the pledge on the Pledged Shares shall be released on or about the Bid/ Offer Closing Date.

For further details in relation to the conversion of the Pledged Shares into Equity Shares, see “Capital Structure” on page 83.

Agreements with Key Managerial Personnel, Director, or any other employee

Other than as disclosed in “- Shareholders’ agreements and other agreements”, there are no agreements entered into by a Key
Managerial Personnel or Director or any other employee of our Company, either by themselves or on behalf of any other person,

with any shareholder or any other third party with regard to compensation or profit sharing in connection with dealings in the
securities of our Company.

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