The contents of enclosed Annexure are based on the information, explanation and representations obtained from the Company,
and on the basis of our understanding of the business activities and operations of the Company.

Our views expressed herein are based on the facts and assumptions indicated to us. No assurance is given that the revenue
authorities/ courts will concur with the views expressed herein. Our views are based on the existing provisions of the Tax Laws
and its interpretation, which are subject to change from time to time. We do not assume responsibility to update the views
consequent to such changes. We shall not be liable to the Company for any claims, liabilities or expenses relating to this
assignment except to the extent of fees relating to this assignment, as finally judicially determined to have resulted primarily
from bad faith or intentional misconduct. We will not be liable to the Company and any other person in respect of this Statement.

We hereby give consent to include this Statement in the Red Herring Prospectus, Prospectus and in any other material used in
connection with the Proposed Offer, and is not to be used, referred to or distributed for any other purpose without our prior
written consent.

for BS R & Associates LLP
Chartered Accountants
ICAI firm registration number: 116231W/ W-100024

Arpan Jain

Partner

Membership No.: 125710

ICAI UDIN: 21125710AAAAFV9068

Place: Hyderabad
Date: December 3, 2021

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