Variation in Objects of the Fresh Issue

In accordance with Sections 13(8) and 27 of the Companies Act 2013 and the SEBI ICDR Regulations, our
Company shall not vary the Objects of the Fresh Issue unless our Company is authorized to do so by way of a
special resolution of its Shareholders. In addition, the notice issued to the Shareholders in relation to the passing
of such special resolution shall specify the prescribed details and be published in accordance with the Companies
Act 2013. Pursuant to the Companies Act 2013, the Promoter or controlling Shareholders will be required to
provide an exit opportunity to the Shareholders who do not agree to such proposal to vary the objects, subject to
the provisions of the Companies Act 2013 and in accordance with such terms and conditions, including in respect
of pricing of the Equity Shares, in accordance with the Companies Act 2013 and provisions of the SEBI ICDR
Regulations.

Appraising Agency

None of the Objects of the Offer for which the Net Proceeds will be utilized has been appraised by any agency.
Other Confirmations

There are no material existing or anticipated transactions in relation to the utilization of the Net Proceeds with our
Promoter, members of the Promoter Group, Directors, Group Companies or Key Managerial Personnel. No part
of the Net Proceeds will be utilized by our Company as consideration to our Promoter, members of the Promoter
Group, Directors, Group Companies or Key Managerial Personnel. Our Company has not entered into and is not

planning to enter into any arrangement/agreements with Promoter, Directors, Key Managerial Personnel or our
Group Companies in relation to the utilization of the Net Proceeds.

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