Bonus or Profit Sharing Plans of the Key Managerial Personnel

None of our Key Managerial Personnel is party to any bonus or profit sharing plan of our Company, other than the performance
linked incentives that may be payable to them. In Fiscal 2021, our Company has not granted any benefit on an individual basis
to any of our Key Managerial Personnel other than the remuneration paid to them for such period.

Status of Key Managerial Personnel

Except Venugopal Siripuram, Kandasamy Vairaperumal and Lakshman Kandarpa who are permanent employees of our
Material Subsidiary, Optival, all the Key Managerial Personnel are permanent employees of our Company.

Interests of Key Managerial Personnel

Our Key Managerial Personnel do not have any interest in our Company other than to the extent of the remuneration or benefits
to which they are entitled as per their terms of appointment, the Equity Shares and other securities of the Company held by
them, if any, and reimbursement of expenses incurred by them during the ordinary course of business. Our Key Managerial
Personnel, Gangadi Madhukar Reddy Surendranath Mantena, Kandasamy Vairaperumal and Venugopal Siripuram may also
be deemed to be interested to the extent of any dividend payable to them and/or their relatives, and other distributions in respect
of securities held by them and/or their relatives in our Company or Subsidiaries, if any. Our Key Managerial Personnel, Gangadi
Madhukar Reddy and Cherukupalli Bhaskar Reddy are directors of our Corporate Promoters. Gangadi Madhukar Reddy is also
a promoter and director of the Group Company, Hinshitsu Manufacturing Private Limited. Our key managerial personnel
Gangadi Madhukar Reddy is a shareholder of Optival, as the ostensible owner on behalf of the Company and Cherukupalli
Bhaskar Reddy is a shareholder of NSPPL and CPL, as the ostensible owner on behalf of the Company and of VKEPL as the
registered owner on behalf of NSPPL. For further details, refer to “Capital Structure — Details of Equity Shares held by our
Directors and Key Managerial Personnel” on page 95.

 

 

 

 

 

 

 

 

 

 

Ss. Name No. of]No.  of|No. of employee Percentage of the prejPercentage of _ the
No. Equity employee |stock options not|Offer Equity Sharepost-Offer of Equity|
Shares _ | stock vested |Capital (%)** Share Capital (%)
options
vested
1. |Hemanth Kundavaram . 100
2.__|Cherukupalli Bhaskar Reddy 1,360,175 “ : 1.22 Lid
3. [Surendranath Mantena 887,855 = : 0.79 0.74
4, | Kandasamy Vairaperumal 138,375 : 9718 0.12] 0.12
5. [Venugopal Siripuram 92,250 16,197 0.08 0.08
6. [Lakshman Kandarpa = s 400 z :
7. [Parag Jain 2 5 |
Total 2,478,655 = 26,420 2.21] 2.08

 

 

 

 

 

 

 

 

** Certain shares held by our Key Managerial Personnel are pledged to certain lenders.

Our Managing Director, Gangadi Madhukar Reddy, has entered into a lease agreements with our Company and our Material
Subsidiary, Optival, dated January 9, 2018, for a period of five years effective from July 1, 2017, for a lease of certain premises
situated at VII Floor, Taramandal Commercial Complex, Saifabad, Hyderabad - 500 004, from him. Accordingly, he was paid
a lease rental of Rs. 2.84 million in the previous financial year. Further, none of our Key Managerial Personnel and/or their
relatives currently hold and may in the future continue to hold positions in offices of profit in our Company or in our
Subsidiaries, and in consideration for these services, they are paid remuneration in accordance with the provisions of applicable
law. There is no arrangement or understanding with the major shareholders, customers, suppliers or others, pursuant to which
any Key Managerial Personnel was selected as key managerial personnel.

Changes in the Key Managerial Personnel

The changes in the Key Managerial Personnel in the last three years are as follows:

 

 

 

 

Name Designation Date of change Reason for change
Hemanth Kundavaram | CEO January 2, 2021 | Appointment as CFO
Lakshman Kandarpa Chief Retail Officer December 10, 2020 | Appointment as Chief Retail Officer by Optival

 

 

 

 

 

Service Contracts with Directors and Key Managerial Personnel

Pursuant to the Madhukar Employment Amendment Agreement, Gangadi Madhukar Reddy is entitled to receive 7100 million
as a one-time severance payment from the Company, in case of termination of employment by the Company.

Other than disclosed above, no officer of our Company, including our Directors and the Key Managerial Personnel have entered
into a service contract including termination/ retirement benefits with our Company pursuant to which they are entitled to any
benefits upon termination of employment.

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