Beneficiaries of VKS Family Trust

The beneficiaries of VKS Family Trust include (i) Vinod Kumar Saraogi; (ii) Usha Devi Saraogi; (iii) Rahul
Saraogi; (iv) Ruchita Saraogi; (v) Miraya Saraogi and (vi) Abeer Saraogi (“Immediate Beneficiaries”). Further,
such persons who shall be descendants of Rahul Saraogi and Ruchita Saraogi (including after-born children) both
male and female lines how low so ever and spouses of such descendants shall be added to the list of beneficiaries
(with Immediate Beneficiaries, the “Beneficiaries”).

Objects and Function

The overall objective of VKS Family Trust is to provide for well-being of the Beneficiaries. Other objects, inter
alia, include (i) to ensure perpetuation and growth of the family (including descendants) of Vinod Kumar Saraogi
and business; (ii) to retain close family bonds and ensure unity amongst the family members; and (iii) to uphold
the family name and reputation and ensure that the heritage is passed to the Beneficiaries.

Change in control

There has been no change in control of VKS Family Trust in the three years immediately preceding the date of
this Prospectus

Our Company confirms that the permanent account number and bank account number of PKS Family Trust and
VKS Family Trust will be submitted to the Stock Exchanges at the time of filing of this Prospectus with the Stock
Exchanges.

Other ventures of our Promoters

Other than as disclosed in the section ‘Our Management’ on page 193, and as provided below, our Promoters are
not involved in any other ventures.

Gautam Saraogi and Rahul Saraogi are partners in Credera International LLP.

Change in the management and control of our Company
There has been no change in the control of our Company in the last five years.
Interests of Promoter and Related Party Transactions

Our Promoters are interested in our Company to the extent that they have promoted our Company and hold Equity
Shares in our Company to the extent applicable and dividend and distribution declared thereon, if any. For details
on shareholding of our Promoters in our Company, see ‘Capital Structure — Notes to Capital Structure — History
of build-up of Promoters’ shareholding and lock-in of Promoters’ shareholding (including Promoters’
contribution)’ on page 81. Our Individual Promoters, who are also Directors, may be deemed to be interested to
the extent of their remuneration/ fees, benefits and reimbursement of expenses, payable to them, if any. For further
details, see ‘Our Management’ on page 193.

Except the warehouse leased to us by our Group Company, Meridian Global Ventures Private Limited, our
Promoters have no interest in any property acquired by our Company during the three years preceding the date of
this Prospectus, or proposed to be acquired, or in any transaction by our Company for acquisition of land,
construction of building or supply of machinery. For details see ‘Financial Information — Related party disclosure’
on page 253.

Further, our Individual Promoters are also directors on the boards, or are shareholders, members or partners, of
certain Promoter Group entities and may be deemed to be interested to the extent of the payments made by our
Company, if any, to these Promoter Group entities. For the payments that are made by our Company to certain
Promoter Group entities, see ‘Financial Information — Related party disclosure’ on page 253.

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