different. Prospective investors should review the accounting policies applied in the preparation of our financial
statements, and consult their own professional advisers for an understanding of the differences between these
accounting principles and those with which they may be more familiar. Any reliance by persons not familiar with
Indian accounting practices on the financial disclosures presented in this Prospectus should be limited accordingly.

68. QIBs and Non-Institutional Investors were not permitted to withdraw or lower their Bids (in terms of
quantity of Equity Shares or the Bid Amount) at any stage after the submission of their Bid, and Retail
Individual Investors were not permitted to withdraw their Bids after closure of the Bid/ Offer Closing Date.

Pursuant to the SEBI ICDR Regulations, QIBs and Non-Institutional Investors were required to pay the Bid
Amount on submission of the Bid and were not permitted to withdraw or lower their Bids (in terms of quantity of
Equity Shares or the Bid Amount) at any stage after submitting a Bid. Retail Individual Investors could revise
their Bids during the Bid/ Offer Period and withdraw their Bids until the Bid/ Offer Closing Date. Therefore, QIBs
and Non-Institutional Investors were not able to withdraw or lower their Bids following adverse developments in
international or national monetary policy, financial, political or economic conditions, our business, results of
operations, cash flows or otherwise at any stage after the submission of their bids.

69. Investors may be restricted in their ability to exercise pre-emptive rights under Indian law and thereby may
suffer future dilution of their ownership position.

Under the Companies Act, a company having share capital and incorporated in India must offer its holders of
equity shares pre-emptive rights to subscribe and pay for a proportionate number of shares to maintain their
existing ownership percentages before the issuance of any new equity shares, unless the pre-emptive rights have
been waived by adoption of a special resolution.

However, if the law of the jurisdiction the investors are in, does not permit them to exercise their pre-emptive
rights without our Company filing an offering document or registration statement with the applicable authority in
such jurisdiction, the investors will be unable to exercise their pre-emptive rights unless our Company makes such
a filing. If we elect not to file a registration statement, the new securities may be issued to a custodian, who may
sell the securities for the investor’s benefit. The value such custodian receives on the sale of such securities and
the related transaction costs cannot be predicted. In addition, to the extent that the investors are unable to exercise
pre-emptive rights granted in respect of the Equity Shares held by them, their proportional interest in our Company
would be reduced.

70. The requirements of being a publicly listed company may strain our resources.

We are not a publicly listed company and have not, historically, been subjected to the increased scrutiny of our
affairs by shareholders, regulators and the public at large that is associated with being a listed company. As a
listed company, we will incur significant legal, accounting, corporate governance and other expenses that we did
not incur as an unlisted company. We will be subject to the SEBI Listing Regulations, which will, among other
things, require us to file audited annual and unaudited quarterly reports with respect to our business and financial
condition. If we experience any delays, we may fail to satisfy our reporting obligations and/or we may not be able
to readily determine and accordingly report any changes in our results of operations as promptly as other listed
companies.

Further, as a publicly listed company, we will need to maintain and improve the effectiveness of our disclosure
controls and procedures and internal control over financial reporting, including keeping adequate records of daily
transactions. In order to maintain and improve the effectiveness of our disclosure controls and procedures and
internal control over financial reporting, significant resources and management attention will be required. As a
result, our management’s attention may be diverted from our business concerns, which may adversely affect our
business, prospects, results of operations and financial condition. In addition, we may need to hire additional legal
and accounting staff with appropriate experience and technical accounting knowledge, but we cannot assure you
that we will be able to do so in a timely and efficient manner.

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