SECTION VIII - MAIN PROVISIONS OF THE ARTICLES OF ASSOCIATION

Capitalized terms used in this section have the meanings that have been given to such terms in the Articles of
Association of our Company. The main provisions of the Articles of Association of our Company are detailed
below.

The Articles of Association of our Company comprise of two parts, Part A and Part B, which parts shall, unless
the context otherwise requires, co-exist with each other until the commencement of the listing and trading of equity
shares of our Company on any recognised stock exchange in India pursuant to an initial public offering of the
equity shares of our Company (the “IPO” and the equity shares, the “Equity Shares” of the Company). In case
of inconsistency or contradiction, conflict or overlap between Part A and Part B, the provisions of Part B shall,
subject to applicable law, prevail and be applicable. All Articles of Part B shall automatically terminate and cease
to have any force and effect and shall stand deleted and be deemed to be removed from the Articles of Association
from the date commencement of trading of the Equity Shares of our Company pursuant to the IPO and the
provisions of Part A shall continue to be in effect and be in force, without any further corporate or other action,
by the Company or by its shareholders.

PARTA

AUTHORISED CAPITAL

Article 3 provides that the authorised share capital of the Company shall be such amount as may be mentioned in
Clause V of the Memorandum of Association of the Company from time to time.

SHARES AT THE DISPOSAL OF THE DIRECTORS

Article 4A provides that subject to the provisions of the Companies Act, 2013 and the Articles of Association, the
shares in the capital of the Company for the time being shall be under the control of the Board of Directors who
may issue, allot or otherwise dispose of all or any of such shares to such persons, in such proportion and on such
terms and conditions and either at a premium or at par or (subject to the compliance with the provisions of Section
53 of the Companies Act, 2013) at a discount and at such time as they may from time to time think fit and with
the sanction of our Company’s members in General Meeting to give to any person or persons the option or right
to subscribe for any shares either at par or at a premium during such time and for such consideration as the Board
of Directors think fit, and may issue and allot shares in the capital of the Company on payment in full or part of
any property sold and transferred or for any services rendered to the Company in the conduct of its business and
any shares which may so be allotted may be issued as fully paid up shares, and if so issued, shall be deemed to be
fully paid shares. Provided that option or right to call of shares shall not be given to any person or persons without
the sanction of the Company in the General Meeting.

ISSUE OF CERTIFICATES

Article 4B provides that every member shall be entitled, without payment, to one or more certificates in marketable
lots, for all the shares of each class or denomination registered in their name, or if the Directors so approve (upon
paying such fee as the Directors may from time to time determine) to several certificates, each for one or more of
such shares and the Company shall complete and have ready for delivery such certificates within three months
from the date of allotment, unless the conditions of issue thereof otherwise provide, or within one month of the
receipt of application of registration of transfer, transmission, sub-division, consolidation or renewal of any of its
shares as the case may be. Every certificate of shares shall be under the Seal of the Company and shall specify the
number and distinctive numbers of shares in respect of which it is issued and amount paid-up thereon and shall
be in such form as the directors may prescribe or approve, provided that in respect of a share or shares held jointly
by several persons, the Company shall not be bound to issue more than one certificate and delivery of a certificate
of shares to one of several joint holders shall be sufficient delivery to all such holders.

CONSOLIDATION, SUB-DIVISION AND CANCELLATION

Article 12 provides that Subject to the provisions of Section 61of the Companies Act, 2013, the Company in
general meeting may, from time to time, sub-divide or consolidate all or any of the share capital into shares of
larger amount than its existing share or sub-divide its shares, or any of them into shares of smaller amount than is
fixed by the Memorandum of Association; subject nevertheless, to the provisions of clause (d) of sub-section (1)
of Section 61 of the Companies Act, 2013; Subject as aforesaid the Company in general meeting may also cancel
shares which have not been taken or agreed to be taken by any person and diminish the amount of its share capital
by the amount of the shares so cancelled.

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