400 093, Maharashtra, India. He holds a master’s degree in business
administration from the University of Cochin. He has several years of experience
in financial services. He is currently associated with Old Bridge Capital
Management Private Limited as a director.

His PAN is AAHPA4550G and his driving license number is
MHO0220100092943. His aadhaar card number is 302213727647.

Our Bank confirms that the PAN, bank account numbers and passport numbers of our Promoters have been submitted
to the Stock Exchanges at the time of filing of the Draft Red Herring Prospectus.

Change of control

Baskar Babu Ramachandran is the original promoter of our Bank. P. Surendra Pai, P. S. Jagdish and G. V. Alankara
have become promoters of our Bank from the date of commencement of our business operations as an SFB, which was
January 23, 2017 and were named as promoters in the filings made before the RBI in relation to obtaining the RBI Final
Approval.

Interests of our Promoters

Our Promoters are interested in our Bank to the extent they have promoted our Bank, to the extent of their shareholding
in our Bank, directly and indirectly, the dividends payable, if any, and any other distributions in respect of the Equity
Shares held by them in our Bank, from time to time. For details of the shareholding of our Promoters in our Bank, see
“Capital Structure — History of the Equity Share capital held by our Promoters”, on pages 78 to 81. Further, Baskar
Babu Ramachandran is also interested in our Bank as an Executive Director. For details, see “Our Management”
beginning on page 188.

Our Promoters have no interest in any property acquired by or leased to our Bank during the three years immediately
preceding the date of this Prospectus, or proposed to be acquired or leased to our Bank, or in any transaction by our
Bank for acquisition of land, construction of building or supply of machinery.

No sum has been paid or agreed to be paid to any of our Promoters or to the firms or companies in which our Promoters
are interested as members in cash or shares or otherwise by any person, either to induce them to become or to qualify
them, as directors or promoters or otherwise for services rendered by our Promoters or by such firms or companies in
connection with the promotion or formation of our Bank.

Payment of benefit to our Promoters or Promoter Group

Except in the ordinary course of business and as disclosed in “Financial Information” beginning on page 241, no amount
or benefit has been paid or given to our Promoters or Promoter Group during the two years preceding the filing of this
Prospectus nor is there any intention to pay or give any amount or benefit to our Promoters or Promoter Group.

Material guarantees given by our Promoters

Except as disclosed below, there are no material guarantees given by our Promoters to any third parties with respect to
the Equity Shares.

The following guarantee issued by one of our Promoters, P.S. Jagdish, is in the nature of a personal guarantee and has
been issued towards contractual obligations in respect of the facility agreement entered into between Kiran Vyapar
Limited and Baskar Babu Ramachandran.

 

 

 

 

 

 

 

 

Name of Name of Nature of Nature of Security Amount
Promoter lender facility (in Z million)
P. S. Jagdish Kiran Vyapar Term loan Deed of guarantee from the personal 250

Limited guarantor for the put option obligations

 

The abovementioned guarantee is effective for a period till the underlying loan is repaid by Baskar Babu Ramachandran.
The financial implications in case of default by the borrowers would entitle the lender to invoke the personal guarantee

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