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 shall be taken within six Working
Days of the Bid/Offer Closing Date or such other time as may be prescribed by the SEBI or under any
applicable law;

if Allotment is not made within the prescribed time period under applicable law, the entire Bid amount
received will be refunded/unblocked within the time prescribed under applicable law, failing which
interest will be due to be paid to the Bidders at the rate prescribed under applicable law for the delayed
period;

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

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

except for allotments pursuant to the ESOP Schemes (subject to compliance with the SEBI SBEB
Regulations), no further issue of the Equity Shares shall be made until the Equity Shares issued through
the Red Herring Prospectus are listed or until the Bid monies are unblocked in ASBA
Account/refunded on account of non-listing, under-subscription, etc.; and

if our Company and the Promoter Selling Shareholder, in consultation with the BRLMs withdraws the
Offer after the Bid/ Offer Closing Date and thereafter determines that it will proceed with an issue of
the Equity Shares, our Company shall file a fresh draft red herring prospectus with the SEBI.

Undertakings by the Selling Shareholders

The Selling Shareholders, severally and not jointly, undertake the following:

they are the legal and beneficial owners of the respective Equity Shares offered by them in the Offer;

the Equity Shares offered by them in the Offer are free and clear of any encumbrances and shall be
transferred to the successful Bidders within the time specified under applicable law.

they have authorized our Company to take such necessary steps in relation to the completion of
Allotment and dispatch of the Allotment Advice and CAN, if required, and refund orders to the extent
of Equity Shares offered by them in the Offer;

they shall not have any recourse to the Offer Proceeds until final listing and trading approvals have
been received from the Stock Exchanges;

they shall comply with all applicable laws, including the Companies Act, the SEBI ICDR Regulations,
the FEMA and all applicable circulars, guidelines and regulations issued by the SEBI and the RBI,
each in relation to the respective Equity Shares offered by them in the Offer for Sale to the extent that
such compliance is the obligation of such Selling Shareholders; and

they shall provide reasonable assistance to our Company and the BRLMs to ensure that the Equity

Shares offered by them in the Offer shall be transferred to the successful Bidders within the specified
time period under applicable law.

428
