PART - B*

(Incorporated under Companies Act 1956)
(Limited By Shares)

* Part-B of the Articles of Association reflects the previous Articles of Association of the Company as existed
before the EGM held on 30.04.2018, except for the restrictions pertaining to a private limited company which
have been removed as a consequence of conversion of the company from private to public and sections has been
realigned as per the provisions Companies Act, 2013.

Preliminary

1.

The Regulations contained in Table 'F' in Schedule I to the Companies Act, 2013 or any statutory
modifications thereof, shall apply to the Company as far as applicable to a private company except to the
extent the said regulations have been expressly altered, varied or omitted in these Articles. These Articles,
and wherever required the said regulations contained in Table ‘F’, shall be the regulations for the
management of the Company.

Interpretation

2,

In these Articles, the following words and expressions shall have the following meanings unless excluded
by the subject or context.

“Accession Instrument" means a deed of adherence to the Shareholders Agreement substantially in the
form set forth in Schedule 3 (Accession Instrument) of the Shareholders Agreement, with applicable
amendments which are in form and substance satisfactory to each of the parties to the Shareholders
Agreement;

“Accounting Standards" means the accounting standards issued from time to time by the Government
of India under the Companies (Accounting Standards) Rules, 2006;

"Act" shall mean the (Indian) Companies Act, 2013 and all amendments or statutory modifications
thereto or re-enactment thereof;

“Action Plan" means the plan or plans developed by the Company, a copy of which is attached as Annex
C (Action Plan) to the Shareholders Agreement, setting out the specific social and environmental
measures to be undertaken by the Company, to enable the Company's Business to be undertaken in
compliance with the Performance Standards;

"Affiliate" means with respect to any Person, any Person directly or indirectly Controlling, Controlled
by or under common Control with, that Person;

“Aggregate Subscription Amount” means with respect to each Investor, the amounts paid by the
respective Investors to the Company towards the subscription of the respective Investor Shares;

“Amended and Restated Put Option Agreement” means the amended and restated put option
agreement dated July 3, 2012 executed amongst IFC, the Company, each of the Sponsors and SM;

“Annual Monitoring Report” means the Annual Environment and Social Monitoring Report, in the
form set out in Schedule 6 (Annual Environment and Social Monitoring Report) of the Shareholders
Agreement, setting out the specific social, environmental and developmental impact information to be
provided by the Company in respect of the Business;

“Applicable Law" means all applicable statutes, laws, ordinances, rules and regulations, including but
not limited to, any license, permit or other Authorisations, in each case as in effect from time to time;

"Applicable S&E Law" means all applicable statutes, laws, ordinances, rules and regulations of the
Country, including without limitation, all Authorisations setting standards concerning environmental,
social, labor, health and safety or security risks of the type contemplated by the Performance Standards
or imposing liability for the breach thereof;

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