differ on the basis of the location as well as the nature of operations carried out at such locations. In states
where our leased stores and kiosks are located, we obtain registrations under the respective shops and
commercial establishment acts of those states, wherever enacted or in force. We also obtain trade licenses
from the respective municipal authorities of areas where our leased stores are located and where local
laws require such trade licenses to be obtained.

In relation to our warehouse in Tirupur, Tamil Nadu, we have obtained a registration under the Tamil
Nadu Shops and Commercial Establishments Acts, 1947 and a no objection certificate from the Fire and
Rescue Services Department, Tirupur.

Certain approvals may have lapsed in their normal course and our Company has either made applications
to the appropriate authorities for renewal of such licenses and/or approvals or is in the process of making
such applications.

Intellectual Property

Trademarks

As on the date of this Prospectus, we have 22 registered trademarks which are currently operational in
India and for which we have obtained valid registration certificates under the Trademarks Act. The
trademarks are registered under class 25 of the Trademarks Act and all of them are currently operational.

Further, we have also made five applications seeking registration for certain additional trademarks under
the Trademarks Act, all of which are currently operational.

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