genesis colors limited - bseindia.com

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DRAFT RED HERRING PROSPECTUS Dated September 28, 2016 Please read Section 32 of the Companies Act 2013 (This Draft Red Herring Prospectus will be updated upon filing with the RoC) 100% Book Building Offer GENESIS COLORS LIMITED Our Company was incorporated as “Genesis Retail Private Limited” on November 23, 1998, as a private limited company under the Companies Act 1956, at New Delhi, with a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana (“RoC”). A fresh certificate of incorporation consequent to the change in our Company’s name to “Genesis Colors Private Limited” was issued by the RoC on September 14, 2001. Pursuant to a change in the location of our registered office from New Delhi to Gurgaon, the RoC issued a fresh certificate of incorporation dated March 20, 2015. Further, pursuant to the conversion of our Company to a public limited company, our name was changed to “Genesis Colors Limited” and the RoC issued a fresh certificate of incorporation on September 16, 2016. For details of changes in name and registered office of our Company, see “History and Certain Corporate Matters” on page 126. Corporate Identity Number: U51311HR1998PLC054949 Registered and Corporate Office:51-52, Udyog Vihar, Phase – IV, Gurgaon,122001, Haryana,IndiaTel: +91 1244181 111 Fax: +91 124418 1112 Contact Person: Ms. Meenu Juneja, Company Secretary and Compliance Officer Tel:+91 124418 1040Fax:+91 124 418 1112 E-mail: complianceoffi[email protected]Website: www.genesiscolors.com OUR PROMOTERS: MR. SANJAY KAPOOR AND SANJAY KAPOOR TRUST INITIAL PUBLIC OFFERING OF UP TO [•] EQUITY SHARES OF FACE VALUE OF ` 10 EACH (THE “EQUITY SHARES”) OF GENESIS COLORS LIMITED (OUR “COMPANY” OR THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF ` [•] PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF ` [•] PER EQUITY SHARE) (THE “OFFER PRICE”) AGGREGATING UP TO [•] MILLION (THE “OFFER”) COMPRISING A FRESH ISSUE OF [•] EQUITY SHARES BY OUR COMPANY AGGREGATING UP TO `3,800 MILLION AND AN OFFER FOR SALE OF UPTO 1,916,741 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY THE SELLING SHAREHOLDERS, INCLUDING UPTO 859,219 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY HEP MAURITIUS LIMITED, UP TO 130,006 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY SEMINARY TIE-UP PRIVATE LIMITED, UP TO 556,316 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY MAYFIELD FVCI, LTD., UP TO 161,065 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY ICP HOLDINGS I, UP TO 70,047 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY PRANAV ANSAL & SON HUF, UP TO 70,044 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY MS. KUSUM ANSAL AND UP TO 70,044 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY MS. SHEETAL ANSAL (“OFFER FOR SALE”). THE OFFER SHALL CONSTITUTE [•]% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE PRICE BAND AND THE MINIMUM BID LOT WILL BE DECIDED BY OUR COMPANY AND THE INSTITUTIONAL SELLING SHAREHOLDERS (AS DEFINED BELOW), IN CONSULTATION WITH THE GLOBAL CO-ORDINATORS AND BOOK RUNNING LEAD MANAGERS (THE “GCBRLMs”) AND BOOK RUNNING LEAD MANAGER (“BRLM”) AND WILL BE ADVERTISED IN [•] EDITIONS OF [•] (A WIDELY CIRCULATED ENGLISH NATIONAL DAILY NEWSPAPER) AND [•] EDITIONS OF [•] (A WIDELY CIRCULATED HINDI NATIONAL DAILY NEWSPAPER, HINDI ALSO BEING THE REGIONAL LANGUAGE IN THE PLACE WHERE OUR REGISTERED AND CORPORATE OFFICE IS LOCATED) AT LEAST FIVE WORKING DAYS PRIOR TO THE BID/OFFER OPENING DATE AND SHALL BE MADE AVAILABLE TO THE BSE LIMITED (THE “BSE”) AND THE NATIONAL STOCK EXCHANGE OF INDIA LIMITED (THE “NSE”, AND TOGETHER WITH THE BSE, THE “STOCK EXCHANGES”) FOR THE PURPOSES OF UPLOADING ON THEIR RESPECTIVE WEBSITES. THE FACE VALUE OF THE EQUITY SHARE IS `10 EACH In case of a revision in the Price Band, the Bid/Offer Period will be extended for at least three additional Working Days after revision of the Price Band subject to the Bid/Offer Period not exceeding a total of 10 Working Days. Any revision in the Price Band and the revised Bid/Offer Period, if applicable, will be widely disseminated by notification to the Stock Exchanges, by issuing a press release, and also by indicating the change on the websites of the GCBRLMs and BRLM, and at the terminals of the members of the Syndicate and by intimation to Self Certified Syndicate Banks (“SCSBs”), the Registered Brokers,Collecting Registrar and Share Transfer Agents (“CRTAs”)and Collecting Depository Participants (“CDPs”). The offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), through the Book Building Process and in compliance with Regulation 26(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”), wherein at least 75% of the Offer shall be Allotted to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that the Company and HEP Mauritius Limited, Mayfield FVCI, Ltd. and ICP Holdings I (the Institutional Selling Shareholders”)may, in consultation with the GCBRLMs and BRLM, allocate up to 60% of the QIB Category to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third is to be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the QIB Category shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors and not more that 10% of the Offer shall be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All Investors (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process, and shall provide details of their respective bank account in which the Bid amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”).Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.For details, see “OfferProcedure” on page 327. RISKS IN RELATION TO THE FIRST OFFER This being the first public issue of the Equity Shares, there has been no formal market for the Equity Shares of our Company. The face value of our Equity Shares is ` 10 and the Floor Price and Cap Price are [•] times and [•] times of the face value of the Equity Shares, respectively. The Offer Price (as determined and justified by our Company and the Institutional Selling Shareholders in consultation with the GCBRLMs and BRLM, in accordance with with SEBI ICDR Regulations, and as stated in “Basis for OfferPrice” on page 87) should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active and/or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing. GENERAL RISKS Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Offer. For taking an investment decision, investors must rely on their own examination of our Company and the Offer including the risks involved. The Equity Shares have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”), nor does the SEBI guarantee the accuracy or adequacy of the contents of this Draft Red Herring Prospectus. Specific attention of the investors is invited to “Risk Factors” on page 16. ISSUER’S AND SELLING SHAREHOLDERS’ ABSOLUTE RESPONSIBILITY Our Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus contains all information with regard to our Company and the Offer, which is material in the context of the Offer, that the information contained in this Draft Red Herring Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions, misleading in any material respect. Further, each Selling Shareholder accepts responsibility for and confirms that the information relating to itself and the Equity Shares being offered by it in the Offer for Sale contained in this Draft Red Herring Prospectus are true and correct in all material aspects and are not misleading in any material respect. Each Selling Shareholder, severally and not jointly, does not assume any responsibility for any other statements, including without limitation, any and all of the statements made by or in relation to the Company or the other Selling Shareholders in this Draft Red Herring Prospectus. LISTING The Equity Shares issued though the Red Herring Prospectus are proposed to be listed on the Stock Exchanges. We have received in-principle approvals from the BSE and the NSE for the listing of the Equity Shares pursuant to letters dated [•] and [•], respectively. For the purposes of this Offer, [•] is the Designated Stock Exchange. A signed copy of the Red Herring Prospectus and the Prospectus shall be delivered for registration to the RoC in accordance with Section 26(4) of the Companies Act 2013. For details of the material contracts and documents available for inspection from the date of the Red Herring Prospectus up to the Bid/Offer Closing Date. For details, see “Material Contracts and Documents for Inspection” on page 381. GLOBAL CO-ORDINATORS AND BOOK RUNNING LEAD MANAGERS BOOK RUNNING LEAD MANAGER REGISTRAR TO THE OFFER ICICI Securities Limited ICICI Center, H.T. Parekh Marg, Churchgate, Mumbai – 400 020, Maharashtra,India Tel: +91 22 2288 2460; Fax: +91 22 2282 6580 E-mail: [email protected]; Website: www.icicisecurities.com Investor Grievance E-mail: [email protected] Contact Person: Govind Khetan SEBI Registration No.: INM000011179 Edelweiss Financial Services Limited 14 th Floor, Edelweiss House, Off. CST Road, Kalina, Mumbai – 400 098, Maharashtra, India Tel: +91 22 4009 4400; Fax: +91 22 4086 3610 E-mail: gcl.ipo@edelweissfin.com; Website: www.edelweissfin.com Investor Grievance E-mail: customerservice.mb@edelweissfin.com Contact Person: Siddharth Shah / Sanjukta Bhattacharjee SEBI Registration No.: INM0000010650 Ambit Private Limited * Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India Tel: +91 22 3982 1819; Fax: +91 22 3982 3020 E-mail: [email protected], Website: www.ambit.co Investor Grievance E-mail: [email protected] Contact Person: Sandeep Sharma SEBI Registration No.: INM000010585 * Formerly Ambit Corporate Finance Private Limited Link Intime India Private Limited C-13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup (West), Mumbai– 400 078, Maharashtra, India Tel: +91 22 6171 5400;Fax: +91 22 2596 0329 E-mail: [email protected]; Website: www.linkintime.co.in Investor Grievance Email: [email protected] Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 BID/OFFER PERIOD* BID/OFFER OPENS ON* [•] BID/OFFER CLOSES ON ** [•] * Our Company and the Institutional Selling Shareholders, in consultation with the GCBRLMs and BRLM, may consider participation by Anchor Investors, in accordance with the SEBI ICDR Regulations. The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Offer Opening Date. ** Our Company and the Institutional Selling Shareholders, in consultation with the GCBRLMs and BRLM, may decide to close the Bid/Offer Period for QIBs one Working Day prior to the Bid/Offer Closing Date, in accordance with the SEBI ICDR Regulations.

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DRAFT RED HERRING PROSPECTUSDated September 28, 2016

Please read Section 32 of the Companies Act 2013(This Draft Red Herring Prospectus will be updated upon filing with the RoC)

100% Book Building Offer

GENESIS COLORS LIMITEDOur Company was incorporated as “Genesis Retail Private Limited” on November 23, 1998, as a private limited company under the Companies Act 1956, at New Delhi, with a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana (“RoC”). A fresh certificate of incorporation consequent to the change in our Company’s name to “Genesis Colors Private Limited” was issued by the RoC on September 14, 2001. Pursuant to a change in the location of our registered office from New Delhi to Gurgaon, the RoC issued a fresh certificate of incorporation dated March 20, 2015. Further, pursuant to the conversion of our Company to a public limited company, our name was changed to “Genesis Colors Limited” and the RoC issued a fresh certificate of incorporation on September 16, 2016. For details of changes in name and registered office of our Company, see “History and Certain Corporate Matters” on page 126.

Corporate Identity Number: U51311HR1998PLC054949Registered and Corporate Office:51-52, Udyog Vihar, Phase – IV, Gurgaon,122001, Haryana,IndiaTel: +91 1244181 111 Fax: +91 124418 1112

Contact Person: Ms. Meenu Juneja, Company Secretary and Compliance Officer Tel:+91 124418 1040Fax:+91 124 418 1112E-mail: [email protected]: www.genesiscolors.com

OUR PROMOTERS: MR. SANJAY KAPOOR AND SANJAY KAPOOR TRUST

INITIAL PUBLIC OFFERING OF UP TO [•] EQUITY SHARES OF FACE VALUE OF ` 10 EACH (THE “EQUITY SHARES”) OF GENESIS COLORS LIMITED (OUR “COMPANY” OR THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF ` [•] PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF ` [•] PER EQUITY SHARE) (THE “OFFER PRICE”) AGGREGATING UP TO [•] MILLION (THE “OFFER”) COMPRISING A FRESH ISSUE OF [•] EQUITY SHARES BY OUR COMPANY AGGREGATING UP TO `3,800 MILLION AND AN OFFER FOR SALE OF UPTO 1,916,741 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY THE SELLING SHAREHOLDERS, INCLUDING UPTO 859,219 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY HEP MAURITIUS LIMITED, UP TO 130,006 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY SEMINARY TIE-UP PRIVATE LIMITED, UP TO 556,316 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY MAYFIELD FVCI, LTD., UP TO 161,065 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY ICP HOLDINGS I, UP TO 70,047 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY PRANAV ANSAL & SON HUF, UP TO 70,044 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY MS. KUSUM ANSAL AND UP TO 70,044 EQUITY SHARES AGGREGATING TO ` [•] MILLION BY MS. SHEETAL ANSAL (“OFFER FOR SALE”). THE OFFER SHALL CONSTITUTE [•]% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.THE PRICE BAND AND THE MINIMUM BID LOT WILL BE DECIDED BY OUR COMPANY AND THE INSTITUTIONAL SELLING SHAREHOLDERS (AS DEFINED BELOW), IN CONSULTATION WITH THE GLOBAL CO-ORDINATORS AND BOOK RUNNING LEAD MANAGERS (THE “GCBRLMs”) AND BOOK RUNNING LEAD MANAGER (“BRLM”) AND WILL BE ADVERTISED IN [•] EDITIONS OF [•] (A WIDELY CIRCULATED ENGLISH NATIONAL DAILY NEWSPAPER) AND [•] EDITIONS OF [•] (A WIDELY CIRCULATED HINDI NATIONAL DAILY NEWSPAPER, HINDI ALSO BEING THE REGIONAL LANGUAGE IN THE PLACE WHERE OUR REGISTERED AND CORPORATE OFFICE IS LOCATED) AT LEAST FIVE WORKING DAYS PRIOR TO THE BID/OFFER OPENING DATE AND SHALL BE MADE AVAILABLE TO THE BSE LIMITED (THE “BSE”) AND THE NATIONAL STOCK EXCHANGE OF INDIA LIMITED (THE “NSE”, AND TOGETHER WITH THE BSE, THE “STOCK EXCHANGES”) FOR THE PURPOSES OF UPLOADING ON THEIR RESPECTIVE WEBSITES.

THE FACE VALUE OF THE EQUITY SHARE IS `10 EACHIn case of a revision in the Price Band, the Bid/Offer Period will be extended for at least three additional Working Days after revision of the Price Band subject to the Bid/Offer Period not exceeding a total of 10 Working Days. Any revision in the Price Band and the revised Bid/Offer Period, if applicable, will be widely disseminated by notification to the Stock Exchanges, by issuing a press release, and also by indicating the change on the websites of the GCBRLMs and BRLM, and at the terminals of the members of the Syndicate and by intimation to Self Certified Syndicate Banks (“SCSBs”), the Registered Brokers,Collecting Registrar and Share Transfer Agents (“CRTAs”)and Collecting Depository Participants (“CDPs”).The offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), through the Book Building Process and in compliance with Regulation 26(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”), wherein at least 75% of the Offer shall be Allotted to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that the Company and HEP Mauritius Limited, Mayfield FVCI, Ltd. and ICP Holdings I (the “Institutional Selling Shareholders”)may, in consultation with the GCBRLMs and BRLM, allocate up to 60% of the QIB Category to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third is to be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the QIB Category shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors and not more that 10% of the Offer shall be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All Investors (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process, and shall provide details of their respective bank account in which the Bid amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”).Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA process.For details, see “OfferProcedure” on page 327.

RISKS IN RELATION TO THE FIRST OFFER

This being the first public issue of the Equity Shares, there has been no formal market for the Equity Shares of our Company. The face value of our Equity Shares is ` 10 and the Floor Price and Cap Price are [•] times and [•] times of the face value of the Equity Shares, respectively. The Offer Price (as determined and justified by our Company and the Institutional Selling Shareholders in consultation with the GCBRLMs and BRLM, in accordance with with SEBI ICDR Regulations, and as stated in “Basis for OfferPrice” on page 87) should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active and/or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing.

GENERAL RISKSInvestments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Offer. For taking an investment decision, investors must rely on their own examination of our Company and the Offer including the risks involved. The Equity Shares have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”), nor does the SEBI guarantee the accuracy or adequacy of the contents of this Draft Red Herring Prospectus. Specific attention of the investors is invited to “Risk Factors” on page 16.

ISSUER’S AND SELLING SHAREHOLDERS’ ABSOLUTE RESPONSIBILITYOur Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus contains all information with regard to our Company and the Offer, which is material in the context of the Offer, that the information contained in this Draft Red Herring Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions, misleading in any material respect. Further, each Selling Shareholder accepts responsibility for and confirms that the information relating to itself and the Equity Shares being offered by it in the Offer for Sale contained in this Draft Red Herring Prospectus are true and correct in all material aspects and are not misleading in any material respect. Each Selling Shareholder, severally and not jointly, does not assume any responsibility for any other statements, including without limitation, any and all of the statements made by or in relation to the Company or the other Selling Shareholders in this Draft Red Herring Prospectus.

LISTINGThe Equity Shares issued though the Red Herring Prospectus are proposed to be listed on the Stock Exchanges. We have received in-principle approvals from the BSE and the NSE for the listing of the Equity Shares pursuant to letters dated [•] and [•], respectively. For the purposes of this Offer, [•] is the Designated Stock Exchange. A signed copy of the Red Herring Prospectus and the Prospectus shall be delivered for registration to the RoC in accordance with Section 26(4) of the Companies Act 2013. For details of the material contracts and documents available for inspection from the date of the Red Herring Prospectus up to the Bid/Offer Closing Date. For details, see “Material Contracts and Documents for Inspection” on page 381.

GLOBAL CO-ORDINATORS AND BOOK RUNNING LEAD MANAGERS BOOK RUNNING LEAD MANAGER REGISTRAR TO THE OFFER

ICICI Securities LimitedICICI Center, H.T. Parekh Marg, Churchgate, Mumbai – 400 020, Maharashtra,IndiaTel: +91 22 2288 2460; Fax: +91 22 2282 6580E-mail: [email protected]; Website: www.icicisecurities.comInvestor Grievance E-mail: [email protected] Person: Govind KhetanSEBI Registration No.: INM000011179

Edelweiss Financial Services Limited 14th Floor, Edelweiss House, Off. CST Road, Kalina, Mumbai – 400 098, Maharashtra, IndiaTel: +91 22 4009 4400; Fax: +91 22 4086 3610E-mail: [email protected]; Website: www.edelweissfin.comInvestor Grievance E-mail: [email protected] Person: Siddharth Shah / Sanjukta BhattacharjeeSEBI Registration No.: INM0000010650

Ambit Private Limited*

Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India Tel: +91 22 3982 1819; Fax: +91 22 3982 3020E-mail: [email protected], Website: www.ambit.coInvestor Grievance E-mail: [email protected] Contact Person: Sandeep Sharma SEBI Registration No.: INM000010585* Formerly Ambit Corporate Finance Private Limited

Link Intime India Private LimitedC-13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup (West), Mumbai– 400 078, Maharashtra, IndiaTel: +91 22 6171 5400;Fax: +91 22 2596 0329E-mail: [email protected]; Website: www.linkintime.co.inInvestor Grievance Email: [email protected] Person: Shanti GopalkrishnanSEBI Registration No.: INR000004058

BID/OFFER PERIOD*BID/OFFER OPENS ON* [•] BID/OFFER CLOSES ON ** [•]

* Our Company and the Institutional Selling Shareholders, in consultation with the GCBRLMs and BRLM, may consider participation by Anchor Investors, in accordance with the SEBI ICDR Regulations. The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Offer Opening Date.** Our Company and the Institutional Selling Shareholders, in consultation with the GCBRLMs and BRLM, may decide to close the Bid/Offer Period for QIBs one Working Day prior to the Bid/Offer Closing Date, in accordance with the SEBI ICDR Regulations.

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SECTION I - GENERAL ..................................................................................................................................... 2 DEFINITIONS AND ABBREVIATIONS ..................................................................................................... 2 CERTAIN CONVENTIONS, USE OF FINANCIAL INFORMATION AND MARKET DATA AND CURRENCY OF PRESENTATION ............................................................................................................ 12 FORWARD-LOOKING STATEMENTS ................................................................................................... 15

SECTION II - RISK FACTORS ....................................................................................................................... 16 SECTION III – INTRODUCTION ................................................................................................................... 40

SUMMARY OF INDUSTRY ........................................................................................................................ 40 SUMMARY OF BUSINESS ......................................................................................................................... 44 SUMMARY FINANCIAL INFORMATION .............................................................................................. 51 THE OFFER .................................................................................................................................................. 59 GENERAL INFORMATION ....................................................................................................................... 60 CAPITAL STRUCTURE .............................................................................................................................. 68 OBJECTS OF THE OFFER ......................................................................................................................... 83 BASIS FOR OFFER PRICE ........................................................................................................................ 87 STATEMENT OF TAX BENEFITS ............................................................................................................ 90

SECTION IV: ABOUT THE COMPANY ....................................................................................................... 92 INDUSTRY OVERVIEW ............................................................................................................................. 92 OUR BUSINESS .......................................................................................................................................... 104 KEY REGULATIONS AND POLICIES IN INDIA................................................................................. 123 HISTORY AND CERTAIN CORPORATE MATTERS ......................................................................... 126 OUR MANAGEMENT ............................................................................................................................... 138 OUR PROMOTERS, PROMOTER GROUP AND GROUP COMPANIES ......................................... 152 DIVIDEND POLICY ................................................................................................................................... 158

SECTION V – FINANCIAL INFORMATION ............................................................................................. 159 FINANCIAL STATEMENTS..................................................................................................................... 159 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ...................................................................................................................................... 274 FINANCIAL INDEBTEDNESS ................................................................................................................. 292

SECTION VI – LEGAL AND OTHER INFORMATION ........................................................................... 294 OUTSTANDING LITIGATION AND OTHER MATERIAL DEVELOPMENTS .............................. 294 GOVERNMENT AND OTHER APPROVALS ........................................................................................ 301 OTHER REGULATORY AND STATUTORY DISCLOSURES ........................................................... 305

SECTION VII – OFFER RELATED INFORMATION ............................................................................... 319 OFFER STRUCTURE ................................................................................................................................ 319 TERMS OF THE OFFER ........................................................................................................................... 323 RESTRICTION ON FOREIGN OWERSHIP OF SECURITIES .......................................................... 326 OFFER PROCEDURE................................................................................................................................ 327

SECTION VIII – MAIN PROVISIONS OF ARTICLES OF ASSOCIATION .......................................... 373 SECTION IX – OTHER INFORMATION .................................................................................................... 381

MATERIAL CONTRACTS AND DOCUMENTS FOR INSPECTION ................................................ 381 DECLARATION ......................................................................................................................................... 383

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Iwticqp"Wpkv" Ocpwhcevwtkpi"hceknkv{"qh"qwt"Eqorcp{"nqecvgf"cv"Fcwnvcdcf"Tqcf."Iwticqp"JGR"Citggogpv" Share subscription, share purchase and shareholders’ agreement dated September 17,

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Vjg"ogoqtcpfwo"qh"cuuqekcvkqp"qh"qwt"Eqorcp{."cu"cogpfgf"

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UURN" U{orjqp{"Rtkpvu"Rtkxcvg"Nkokvgf"UUUJC" Share subscription and shareholders’ agreement dated May 22, 2008 coqpi" vjg"

UUUJC"Kpxguvqtu."qwt"Eqorcp{"cpf"Ot0"Ucplc{"Mcrqqt."cu"cogpfgf"d{"cogpfogpv"citggogpvu"fcvgf"Ugrvgodgt"4:."422;."Lwn{"49."4233"cpf"Pqxgodgt"52."42340""

UUUJC"Kpxguvqtu" Vjg"Ugswqkc"Kpxguvqtu."KER"cpf"Oc{hkgnf""Uwdukfkctkgu" The subsidiaries of our Company as disclosed in “Jkuvqt{"cpf"Egtvckp"Eqtrqtcvg"

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Dqqm"Twppkpi"Ngcf"Ocpcigt1DTNO"

Codkv"Rtkxcvg"Nkokvgf."dqqm"twppkpi"ngcf"ocpcigt"vq"vjg"Qhhgt"

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Ecr"Rtkeg" Vjg"jkijgt"gpf"qh"vjg"Rtkeg"Dcpf"cdqxg"yjkej"vjg"Qhhgt"Rtkeg"cpf"Cpejqt"Kpxguvqt"Qhhgt"Rtkeg"yknn"pqv"dg"hkpcnk|gf"cpf"cdqxg"yjkej"pq"Dkfu"yknn"dg"ceegrvgf." kpenwfkpi"cp{"tgxkukqpu"vjgtgqh"

Enkgpv"KF" Client identification number of the Bidder’s beneficiary account"Eqnngevkpi"Fgrqukvqt{"Rctvkekrcpvu1EFRu"

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Eqnngevkpi"Tgikuvtct"cpf"Ujctg"Vtcpuhgt"Cigpvu"qt"ETVCu"

Tgikuvtct"cpf"ujctg"vtcpuhgt"cigpvu"tgikuvgtgf"ykvj"UGDK"cpf"gnkikdng"vq"rtqewtg"Dkfu"cv"vjg" Fgukipcvgf" TVC" Nqecvkqpu" kp" vgtou" qh" ektewnct" pq0"EKT1EHF1RQNKE[EGNN13314237"fcvgf"Pqxgodgt"32."4237"kuuwgf"d{"UGDK"

Ewv/qhh"Rtkeg" Vjg"Qhhgt"Rtkeg."hkpcnk|gf"d{"qwt"Eqorcp{"cpf"vjg"Kpuvkvwvkqpcn"Ugnnkpi"Ujctgjqnfgtu."kp"eqpuwnvcvkqp"ykvj"vjg"IEDTNOu"cpf"DTNO."yjkej"ujcnn"dg"cp{"rtkeg"ykvjkp"vjg"Rtkeg"Dcpf0"Qpn{"Tgvckn" Kpfkxkfwcn" Kpxguvqtu"ctg"gpvkvngf" vq"Dkf"cv" vjg"Ewv/qhh"Rtkeg0"

"

8""""

Vgto" Fguetkrvkqp"

SKDu"*kpenwfkpi"Cpejqt"Kpxguvqtu+"cpf"Pqp/Kpuvkvwvkqpcn"Kpxguvqtu"ctg"pqv"gpvkvngf"vq"Dkf"cv"vjg"Ewv/qhh"Rtkeg"

Fgoqitcrjke"Fgvcknu" The details of the Bidders including the Bidders’ address, names of the Bidders’ hcvjgt1jwudcpf."kpxguvqt"uvcvwu."qeewrcvkqp"cpf"dcpm"ceeqwpv"fgvcknu""

Fgukipcvgf"Dtcpejgu" Uwej"dtcpejgu"qh"vjg"UEUDu"yjkej"oc{"eqnngev"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"wugf"d{"Dkffgtu"*qvjgt"vjcp"Cpejqt"Kpxguvqtu+."c"nkuv"qh"yjkej"ku"cxckncdng"cv"vjg"ygdukvg"qh"vjg"UGDK" *jvvr<11yyy0ugdk0iqx0kp1ugdkygd1jqog1nkuv1715512121Tgeqipkugf/Kpvgtogfkctkgu+"cpf"wrfcvgf"htqo"vkog"vq"vkog"

Fgukipcvgf"EFR"Nqecvkqpu"

Uwej"egpvtgu"qh"vjg"Eqnngevkpi"Fgrqukvqt{"Rctvkekrcpvu"yjgtg"Dkffgtu"*gzegrv"Cpejqt"Kpxguvqtu+"ecp"uwdokv"vjg"Dkf"ewo"Crrnkecvkqp"Hqtou0"Vjg"fgvcknu"qh"uwej"Fgukipcvgf"EFR"Nqecvkqpu."cnqpi"ykvj"vjg"pcogu"cpf"eqpvcev"fgvcknu"qh"vjg"EFRu"ctg"cxckncdng"qp"vjg"tgurgevkxg"ygdukvgu"qh"vjg"Uvqem"Gzejcpigu"cpf"wrfcvgf"htqo"vkog"vq"vkog"

Fgukipcvgf"Fcvg" Vjg"fcvg"qp"yjkej"vjg"hwpfu"htqo"vjg"Cpejqt"Guetqy"Ceeqwpvu"ctg"vtcpuhgttgf"vq"vjg"Rwdnke" Qhhgt" Ceeqwpv" qt" vjg" Tghwpf" Ceeqwpv*u+." cu" crrtqrtkcvg." cpf" vjg" coqwpvu"dnqemgf"d{"vjg"UEUDu"ctg"vtcpuhgttgf"htqo"vjg"CUDC"Ceeqwpvu."vq"vjg"Rwdnke"Qhhgt"Ceeqwpv"qt"Tghwpf"Ceeqwpv."cu"crrnkecdng."kp"vgtou"qh" vjg"Tgf"Jgttkpi"Rtqurgevwu."hqnnqykpi"yjkej"vjg"Dqctf"qh"Fktgevqtu"oc{"Cnnqv"Gswkv{"Ujctgu"vq"uweeguuhwn"Dkffgtu"kp"vjg"Qhhgt"cpf"vjg"Ugnnkpi"Ujctgjqnfgtu"ikxg"fgnkxgt{"kpuvtwevkqpu"hqt"vjg"vtcpuhgt"qh"vjgkt"tgurgevkxg"rqtvkqpu"qh"vjg"Gswkv{"Ujctgu"wpfgt"vjg"Qhhgt"hqt"Ucng"

Fgukipcvgf"Kpvgtogfkctkgu"

Collectively, the members of the Syndicate, sub-syndicate/agents, SCSBs, Registered

Brokers, CDPs and CRTAs, who are authorized to collect Bid cum Application Forms

from the Bidders (other than Anchor Investors), in relation to the Offer"Fgukipcvgf"TVC"Nqecvkqpu"

Uwej"egpvtgu"qh"vjg"ETVCu"yjgtg"Dkffgtu"*gzegrv"Cpejqt"Kpxguvqtu+"ecp"uwdokv"vjg"Dkf"ewo"Crrnkecvkqp"Hqtou0"Vjg"fgvcknu"qh"uwej"Fgukipcvgf"TVC"Nqecvkqpu."cnqpi"ykvj"vjg"pcogu"cpf"eqpvcev"fgvcknu"qh"vjg"ETVCu"ctg"cxckncdng"qp"vjg"tgurgevkxg"ygdukvgu"qh"vjg"Uvqem"Gzejcpigu"*yyy0pugkpfkc0eqo"cpf"yyy0dugkpfkc0eqo+"cpf"wrfcvgf"htqo"vkog"vq"vkog

Fgukipcvgf"Uvqem"Gzejcpig"

[●]"

Ftchv"Tgf"Jgttkpi"Rtqurgevwu1FTJR"

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Gfgnygkuu" Gfgnygkuu"Hkpcpekcn"Ugtxkegu"Nkokvgf"Gnkikdng"PTK" C"pqp/tgukfgpv"Kpfkcp."tgukfgpv"kp"c"lwtkufkevkqp"qwvukfg"Kpfkc"yjgtg"kv"ku"pqv"wpncyhwn"vq"

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Hktuv"Dkffgt" Vjg" Dkffgt"yjqug" pcog" crrgctu" hktuv" kp" vjg" Dkf" ewo" Crrnkecvkqp" Hqto" qt" vjg"Tgxkukqp"Hqto"cpf"kp"ecug"qh"lqkpv"Dkffgtu."yjqug"pcog"crrgctu"cu"vjg"hktuv"jqnfgt"qh"vjg"dgpghkekct{"ceeqwpv"jgnf"kp"lqkpv"pcogu"

Hnqqt"Rtkeg" Vjg"nqygt"gpf"qh"vjg"Rtkeg"Dcpf."cpf"cp{"tgxkukqpu"vjgtgqh."cv"qt"cdqxg"yjkej"vjg"Qhhgt"Rtkeg"cpf"vjg"Cpejqt"Kpxguvqt"Qhhgt"Rtkeg"yknn"dg"hkpcnk|gf"cpf"dgnqy"yjkej"pq"Dkfu"yknn"dg"ceegrvgf"cpf"yjkej"ujcnn"pqv"dg"nguu"vjcp"vjg"hceg"xcnwg"qh"vjg"Gswkv{"Ujctgu"

Htguj"Kuuwg" Htguj"kuuwg"qh"[●]"Gswkv{"Ujctgu"ciitgicvkpi"wr"vq"₹ 3,800"oknnkqp"vq"dg"kuuwgf"d{"qwt"Eqorcp{"cu"rctv"qh"vjg"Qhhgt."kp"vgtou"qh"vjg"Tgf"Jgttkpi"Rtqurgevwu"cpf"Rtqurgevwu0""

Igpgtcn"Kphqtocvkqp"Fqewogpv"

Vjg"Igpgtcn"Kphqtocvkqp"Fqewogpv"hqt"kpxguvkpi"kp"rwdnke"kuuwgu"rtgrctgf"cpf"kuuwgf"kp" ceeqtfcpeg" ykvj" vjg" ektewnct" *EKT1EHF1FKN13414235+" fcvgf" Qevqdgt" 45." 4235."pqvkhkgf" d{" UGDK" cpf" wrfcvgf" rwtuwcpv" vq" vjg" ektewnct"*EKT1EHF1RQNKE[EGNN13314237+" fcvgf" Pqxgodgt" 32." 4237" cpf"*UGDK1JQ1EHF1FKN1EKT1R14238148+"fcvgf"Lcpwct{"43."4238"pqvkhkgf"d{"UGDK"cpf"included in “Qhhgt"Rtqegfwtg” on page 549"

Inqdcn"Eq/qtfkpcvqtu"cpf"Dqqm"Twppkpi"Ngcf"Ocpcigtu"

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"

9""""

Vgto" Fguetkrvkqp"

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Pqp/Kpuvkvwvkqpcn"Ecvgiqt{"

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Pqp/Kpuvkvwvkqpcn"Kpxguvqtu1PKKu"

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Rtkeg"Dcpf" Rtkeg"dcpf"qh"vjg"Hnqqt"Rtkeg"qh"₹"[●] and a Cap Price of ₹"[●], including"cp{"tgxkukqpu"vjgtgqh0"Vjg"Rtkeg"Dcpf"cpf"vjg"okpkowo"Dkf"Nqv"uk|g"hqt"vjg"Qhhgt"yknn"dg"fgekfgf"d{"qwt" Eqorcp{" cpf" vjg" Kpuvkvwvkqpcn" Ugnnkpi" Ujctgjqnfgtu." kp" eqpuwnvcvkqp" ykvj" vjg"IEDTNOu" cpf" DTNO." cpf" cfxgtvkugf" kp" ]●_" gfkvkqpu" of [●], a widely circulated Gpinkuj" pcvkqpcn" fckn{" pgyurcrgt" cpf" ]●_" gfkvkqpu"of [●] (a widely circulated Jkpfk"pcvkqpcn"fckn{"pgyurcrgt."Jkpfk"cnuq"dgkpi"vjg"tgikqpcn"ncpiwcig"kp"vjg"rnceg"yjgtg"qwt"Tgikuvgtgf"cpf"Eqtrqtcvg"Qhhkeg"ku"nqecvgf+"cv"ngcuv"hkxg"Yqtmkpi"Fc{u"rtkqt"vq"vjg"Dkf1Qhhgt"Qrgpkpi"Fcvg."ykvj"vjg"tgngxcpv"hkpcpekcn"tcvkqu"ecnewncvgf"cv"vjg"Hnqqt"Rtkeg"cpf"cv"vjg"Ecr"Rtkeg"cpf"ujcnn"dg"ocfg"cxckncdng"vq"vjg"Uvqem"Gzejcpigu"hqt"vjg"rwtrqug"qh"wrnqcfkpi"qp"vjgkt"ygdukvgu"

Rtkekpi"Fcvg" Vjg" fcvg" qp" yjkej" qwt" Eqorcp{" cpf" vjg" Kpuvkvwvkqpcn" Ugnnkpi" Ujctgjqnfgtu." kp"eqpuwnvcvkqp"ykvj"vjg"IEDTNOu"cpf"DTNO."ujcnn"hkpcnk|g"vjg"Qhhgt"Rtkeg"

Rtqurgevwu" Vjg"Rtqurgevwu"vq"dg"hkngf"ykvj"vjg"TqE"hqt"vjku"Qhhgt"qp"qt"chvgt"vjg"Rtkekpi"Fcvg"kp"ceeqtfcpeg"ykvj"vjg"rtqxkukqpu"qh"Ugevkqp"48"qh"vjg"Eqorcpkgu"Cev"4235"cpf"vjg"UGDK"KEFT"Tgiwncvkqpu."eqpvckpkpi"vjg"Qhhgt"Rtkeg."vjg"uk|g"qh"vjg"Qhhgt"cpf"egtvckp"qvjgt"kphqtocvkqp."kpenwfkpi"cp{"cffgpfc"qt"eqttkigpfc"vjgtgvq"

Rwdnke"Qhhgt"Ceeqwpv" Vjg"ceeqwpv*u+"vq"dg"qrgpgf"ykvj"vjg"Dcpmgt*u+"vq"vjg"Qhhgt"wpfgt"Ugevkqp"62*5+"qh"vjg"Eqorcpkgu"Cev"4235"vq"tgegkxg"oqpkgu"htqo"vjg"Cpejqt"Guetqy"Ceeqwpv*u+"cpf"vjg"CUDC"Ceeqwpvu"qp"vjg"Fgukipcvgf"Fcvg"

SKD"Ecvgiqt{" Vjg"rqtvkqp"qh" vjg"Qhhgt."dgkpi"cv"ngcuv"97'"qh" vjg"Qhhgt"qt"[●]"Gswkv{"Ujctgu"vq"dg"Cnnqvvgf" vq"SKDu"qp"c"rtqrqtvkqpcvg"dcuku." kpenwfkpi" vjg"Cpejqt"Kpxguvqt"Rqtvkqp" *kp"yjkej"cnnqecvkqp"ujcnn"dg"qp"c"fkuetgvkqpct{"dcuku."cu"fgvgtokpgf"d{"qwt"Eqorcp{"cpf"vjg" Kpuvkvwvkqpcn" Ugnnkpi" Ujctgjqnfgtu." kp" eqpuwnvcvkqp" ykvj" vjg" IEDTNOu" cpf"DTNO+."uwdlgev"vq"xcnkf"Dkfu"dgkpi"tgegkxgf"cv"qt"cdqxg"vjg"Qhhgt"Rtkeg"

Swcnkhkgf"Kpuvkvwvkqpcn"Dw{gtu"qt"SKDu"

C"swcnkhkgf"kpuvkvwvkqpcn"dw{gt"cu"fghkpgf"wpfgt"Tgiwncvkqp"4*3+*|f+"qh"vjg"UGDK"KEFT"Tgiwncvkqpu""

Tgf"Jgttkpi"Rtqurgevwu"qt"TJR"

Vjg"tgf"jgttkpi"rtqurgevwu"vq"dg"kuuwgf"kp"ceeqtfcpeg"ykvj"Ugevkqp"54"qh"vjg"Eqorcpkgu"Cev"4235"cpf"vjg"UGDK"KEFT"Tgiwncvkqpu."yjkej"yknn"pqv"jcxg"eqorngvg"rctvkewnctu"qh"vjg"rtkeg"cv"yjkej"vjg"Gswkv{"Ujctgu"ujcnn"dg"Cnnqvvgf"cpf"yjkej"ujcnn"dg"hkngf"ykvj"vjg"TqE"cv" ngcuv" vjtgg"Yqtmkpi" Fc{u"dghqtg" vjg"Dkf1Qhhgt"Qrgpkpi"Fcvg" cpf" yknn"dgeqog"vjg"Rtqurgevwu"chvgt"hknkpi"ykvj"vjg"TqE"chvgt"vjg"Rtkekpi"Fcvg."kpenwfkpi"cp{"cffgpfc"qt"eqttkigpfc"vjgtgvq"

Tghwpf"Ceeqwpv*u+" Ceeqwpv*u+"qrgpgf"ykvj"vjg"Tghwpf"Dcpm"htqo"yjkej"tghwpfu."kh"cp{."qh"vjg"yjqng"qt"rctv"qh"vjg"Dkf"Coqwpv"ujcnn"dg"ocfg"vq"Cpejqt"Kpxguvqtu"

"

:""""

Vgto" Fguetkrvkqp"

Tghwpf"Dcpm*u+" Vjg"Dcpmgtu"vq"vjg"Qhhgt"ykvj"yjqo"vjg"Tghwpf"Ceeqwpv*u+"jcxg"yknn"dg"qrgpgf."kp"this case being [●]"

Tgikuvgtgf"Dtqmgtu" Uvqem"dtqmgtu"tgikuvgtgf"ykvj"vjg"uvqem"gzejcpigu"jcxkpi"pcvkqpykfg"vgtokpcnu."qvjgt"vjcp" vjg"ogodgtu"qh" vjg"U{pfkecvg" cpf" gnkikdng" vq"rtqewtg"Dkfu" kp" vgtou"qh"ektewnct"pwodgt"EKT1EHF13614234"fcvgf"Qevqdgt"36."4234."kuuwgf"d{"UGDK"

Tgikuvtct"Citggogpv" Vjg"citggogpv"fcvgf"Ugrvgodgt"4:."4238."gpvgtgf"kpvq"coqpi"qwt"Eqorcp{"cpf"vjg"Tgikuvtct"vq"vjg"Qhhgt"kp"tgncvkqp"vq"vjg"tgurqpukdknkvkgu"cpf"qdnkicvkqpu"qh"vjg"Tgikuvtct"vq"vjg"Qhhgt"rgtvckpkpi"vq"vjg"Qhhgt"

Tgikuvtct"vq"vjg"Qhhgt" Nkpm"Kpvkog"Kpfkc"Rtkxcvg"Nkokvgf"Tgvckn"Ecvgiqt{" Vjg"rqtvkqp"qh"vjg"Qhhgt."dgkpi"pqv"oqtg"vjcp"32'"qh"vjg"Qhhgt"qt"[●] Equity Shares,

cxckncdng"hqt"cnnqecvkqp"vq"Tgvckn"Kpfkxkfwcn"Kpxguvqtu."yjkej"ujcnn"pqv"dg"nguu"vjcp"vjg"okpkowo"Dkf"nqv."uwdlgev"vq"cxckncdknkv{"kp"vjg"Tgvckn"Ecvgiqt{""

Tgvckn"Kpfkxkfwcn"Kpxguvqtu1"TKKu"

Dkffgtu"*kpenwfkpi"JWHu"cpf"Gnkikdng"PTKu+"yjqug"Dkf"Coqwpv"hqt"Gswkv{"Ujctgu"kp"vjg"Qhhgt"ku"pqv"oqtg"vjcp"̀ "422.222"kp"cp{"qh"vjg"dkffkpi"qrvkqpu"kp"vjg"Qhhgt"*kpenwfkpi"JWHu"crrn{kpi"vjtqwij"vjgkt"mctvc"cpf"Gnkikdng"PTKu"cpf"fqgu"pqv"kpenwfg"PTKu"qvjgt"vjcp"Gnkikdng"PTKu+"

Tgxkukqp"Hqto" Vjg"hqto"wugf"d{"vjg"Dkffgtu"vq"oqfkh{"vjg"swcpvkv{"qh"Gswkv{"Ujctgu"qt"vjg"Dkf"Coqwpv"kp" cp{" qh" vjgkt" Dkf" ewo" Crrnkecvkqp" Hqtou" qt" cp{" rtgxkqwu" Tgxkukqp" Hqto*u+." cu"crrnkecdng0"SKDu"dkffkpi"kp"vjg"SKD"ecvgiqt{"cpf"Pqp/Kpuvkvwvkqpcn"Kpxguvqtu"dkffkpi"kp"vjg"Pqp/Kpuvkvwvkqpcn"ecvgiqt{"ctg"pqv"rgtokvvgf"vq"ykvjftcy"vjgkt"Dkf*u+"qt"nqygt"vjg"uk|g"qh"vjgkt"Dkf*u+"*kp"vgtou"qh"swcpvkv{"qh"Gswkv{"Ujctgu"qt"vjg"Dkf"Coqwpv+"cv"cp{"uvcig"

Ugnh"Egtvkhkgf"U{pfkecvg"Dcpmu"qt"UEUDu"

Vjg"dcpmu"tgikuvgtgf"ykvj"vjg"UGDK"yjkej"qhhgt" vjg"hceknkv{"qh"CUDC"cpf"vjg"nkuv"qh"yjkej" ku" cxckncdng" qp" vjg" ygdukvg" qh" vjg" UGDK"*jvvr<11yyy0ugdk0iqx0kp1ugdkygd1jqog1nkuv1715512121Tgeqipkugf/Kpvgtogfkctkgu+" cpf"wrfcvgf"htqo"vkog"vq"vkog"cpf"cv"uwej"qvjgt"ygdukvgu"cu"oc{"dg"rtguetkdgf"d{"UGDK"htqo"vkog"vq"vkog"

Ujctg"Guetqy"Citggogpv"

Citggogpv"vq"dg"gpvgtgf"kpvq"dgvyggp"vjg"Ugnnkpi"Ujctgjqnfgtu."qwt"Eqorcp{"cpf"c"ujctg"guetqy"cigpv"kp"eqppgevkqp"ykvj"vjg"vtcpuhgt"qh"vjg"tgurgevkxg"rqtvkqp"qh"Qhhgtgf"Ujctgu"d{"gcej"Ugnnkpi"Ujctgjqnfgt"cpf"etgfkv"qh" uwej"Gswkv{"Ujctgu" vq" vjg"fgocv"ceeqwpv"qh"vjg"Cnnqvvggu""

Urgekhkgf"Nqecvkqpu" Dkffkpi"egpvtgu"yjgtg"vjg"U{pfkecvg"ujcnn"ceegrv"Dkf"ewo"Crrnkecvkqp"Hqtou."c"nkuv"qh"yjkej"ku"kpenwfgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"

Uvqem"Gzejcpigu" Eqnngevkxgn{."DUG"Nkokvgf"cpf"Pcvkqpcn"Uvqem"Gzejcpig"qh"Kpfkc"Nkokvgf"U{pfkecvg"Citggogpv" Vjg" citggogpv" fcvgf" ]●_" gpvgtgf" kpvq" coqpiuv" vjg"ogodgtu" qh" vjg" U{pfkecvg." qwt"

Eqorcp{." vjg" Ugnnkpi" Ujctgjqnfgtu" cpf" vjg" Tgikuvtct" vq" vjg" Qhhgt" kp" tgncvkqp" vq" vjg"eqnngevkqp"qh"Dkf"ewo"Crrnkecvkqp"Hqtou"d{"vjg"U{pfkecvg"

U{pfkecvg"Ogodgtu" Kpvgtogfkctkgu" tgikuvgtgf" ykvj" vjg" UGDK" cpf" rgtokvvgf" vq" ectt{" qwv" cevkxkvkgu" cu" cp"wpfgtytkvgt."kp"vjku"ecug"dgkpi"[●]"

U{pfkecvg"qt"ogodgtu"qh"vjg"U{pfkecvg"

Eqnngevkxgn{."vjg"IEDTNOu."DTNO"cpf"vjg"U{pfkecvg"Ogodgtu"

Wpfgtytkvgtu" [●]"Wpfgtytkvkpi"Citggogpv"

Vjg"citggogpv"coqpi"qwt"Eqorcp{."vjg"Ugnnkpi"Ujctgjqnfgtu"cpf"vjg"Wpfgtytkvgtu."vq"dg"gpvgtgf"kpvq"qp"qt"chvgt"vjg"Rtkekpi"Fcvg"

Yqtmkpi"Fc{*u+" Cp{"fc{."qvjgt"vjcp"vjg"ugeqpf"cpf"hqwtvj"Ucvwtfc{u"qh"gcej"ecngpfct"oqpvj."Uwpfc{u"cpf" rwdnke" jqnkfc{u." qp" yjkej" eqoogtekcn" dcpmu" kp" Kpfkc" ctg" qrgp" hqt" dwukpguu."rtqxkfgf"jqygxgt."hqt"vjg"rwtrqug"qh"vjg"vkog"rgtkqf"dgvyggp"vjg"Dkf1Qhhgt"Qrgpkpi"Date and listing of the Equity Shares on the Stock Exchanges, “Working Days”"ujcnn"ogcp"cnn" vtcfkpi"fc{u"gzenwfkpi"Uwpfc{u"cpf"dcpm"jqnkfc{u"kp"Kpfkc"kp"ceeqtfcpeg"ykvj"vjg"UGDK"ektewnct"pq"UGDK1JQ1EHF1FKN1EKT1R14238148"fcvgf"Lcpwct{"43."4238"

"

Eqpxgpvkqpcn"cpf"Igpgtcn"Vgtou"cpf"Cddtgxkcvkqpu"

"Vgto" Fguetkrvkqp"

CKH*u+" Cnvgtpcvkxg"Kpxguvogpv"Hwpfu"CU"3:" Ceeqwpvkpi"Uvcpfctf"3:"kuuwgf"d{"vjg"Kpuvkvwvg"qh"Ejctvgtgf"Ceeqwpvcpvu"qh"Kpfkc""DUG" DUG"Nkokvgf"

"

;""""

Vgto" Fguetkrvkqp"

ECIT" Eqorqwpfgf"Cppwcn"Itqyvj"Tcvg""Ecvgiqt{"KKK"HRKu" HRKu"tgikuvgtgf"cu"ecvgiqt{"KKK"HRKu"wpfgt"vjg"UGDK"HRK"Tgiwncvkqpu."yjkej"ujcnn"kpenwfg"

cnn"qvjgt"HRKu"pqv"gnkikdng"wpfgt"ecvgiqt{" K"cpf" KK" hqtgkip"rqtvhqnkq" kpxguvqtu." uwej"cu"gpfqyogpvu."ejctkvcdng"uqekgvkgu."ejctkvcdng"vtwuvu."hqwpfcvkqpu."eqtrqtcvg"dqfkgu."vtwuvu."kpfkxkfwcnu"cpf"hcokn{"qhhkegu"

EFUN" Egpvtcn"Fgrqukvqt{"Ugtxkegu"*Kpfkc+"Nkokvgf"EKP" Eqtrqtcvg"Kfgpvkv{"Pwodgt"Eqorcpkgu"Cev" Eqorcpkgu"Cev."3;78"*ykvjqwv"tghgtgpeg"vq"vjg"rtqxkukqpu"vjgtgqh"vjcv"jcxg"egcugf"vq"

jcxg"ghhgev"wrqp"pqvkhkecvkqp"qh"vjg"Pqvkhkgf"Ugevkqpu+"cpf"vjg"Eqorcpkgu"Cev."4235."tgcf"ykvj"vjg"twngu."tgiwncvkqpu."enctkhkecvkqpu"cpf"oqfkhkecvkqpu"vjgtgwpfgt"

Eqorcpkgu"Cev"3;78" Eqorcpkgu"Cev."3;78"*ykvjqwv"tghgtgpeg"vq"vjg"rtqxkukqpu"vjgtgqh"vjcv"jcxg"egcugf"vq"jcxg"ghhgev"wrqp"pqvkhkecvkqp"qh"vjg"Pqvkhkgf"Ugevkqpu+"

Eqorcpkgu"Cev"4235" Eqorcpkgu"Cev."4235."vq"vjg"gzvgpv"kp"hqteg"rwtuwcpv"vq"vjg"pqvkhkecvkqp"qh"vjg"Pqvkhkgf"Ugevkqpu."tgcf"ykvj"vjg"twngu."tgiwncvkqpu."enctkhkecvkqpu"cpf"oqfkhkecvkqpu"vjgtgwpfgt"

Eqpuqnkfcvgf"HFK"Rqnke{"

Vjg"eqpuqnkfcvgf"HFK"Rqnke{."ghhgevkxg"htqo"Lwpg"9."4238."kuuwgf"d{"vjg"Fgrctvogpv"qh"Kpfwuvtkcn"Rqnke{"cpf"Rtqoqvkqp."Okpkuvt{"qh"Eqoogteg"cpf"Kpfwuvt{."Iqxgtpogpv"qh"Kpfkc."cpf"cp{"oqfkhkecvkqpu"vjgtgvq"qt"uwduvkvwvkqpu"vjgtgqh."kuuwgf"htqo"vkog"vq"vkog"

Eqr{tkijv"Cev" Eqr{tkijv"Cev."3;79"Fgrqukvqt{" C"fgrqukvqt{"tgikuvgtgf"ykvj"vjg"UGDK"wpfgt"vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"

*Fgrqukvqtkgu"cpf"Rctvkekrcpvu+"Tgiwncvkqpu."3;;8"Fgrqukvqtkgu"Cev"" Vjg"Fgrqukvqtkgu"Cev."3;;8"Fgukipu"Cev" Fgukipu"Cev."4222"FKRR" Fgrctvogpv"qh"Kpfwuvtkcn"Rqnke{"cpf"Rtqoqvkqp."Okpkuvt{"qh"Eqoogteg"cpf"Kpfwuvt{."

IqK"FR"KF" Depository Participant’s kfgpvkv{"pwodgt"GDKVFC" Gctpkpiu"Dghqtg"Kpvgtguv."Vcz."Fgrtgekcvkqp"cpf"Coqtvk|cvkqp""GRH"Cev" Employees’ Provident Fund and Miscellaneous Provisions Act, 1952"GRU" Gctpkpiu"rgt"ujctg"GUK"Cev" Gornq{ges’ State Insurance Act, 1948 "Gwtq" Gwtq."vjg"qhhkekcn"ukping"ewttgpe{"qh"vjg"rctvkekrcvkpi"ogodgt"uvcvgu"qh"vjg"Gwtqrgcp"

Geqpqoke"cpf"Oqpgvct{"Wpkqp"qh"vjg"Vtgcv{"guvcdnkujkpi"vjg"Gwtqrgcp"Eqoowpkv{"Hcevqtkgu"Cev" Hcevqtkgu"Cev."3;6:""HEPT"Ceeqwpv" Hqtgkip" Ewttgpe{" Pqp" Tgukfgpv" *Dcpm+" ceeqwpv" guvcdnkujgf" kp" ceeqtfcpeg" ykvj" vjg"

HGOC"HFK" Hqtgkip"fktgev"kpxguvogpv"HGOC" Vjg"Hqtgkip"Gzejcpig"Ocpcigogpv"Cev."3;;;"tgcf"ykvj"twngu"cpf"tgiwncvkqpu"vjgtgwpfgt"HKK*u+" Hqtgkip"Kpuvkvwvkqpcn"Kpxguvqtu"cu"fghkpgf"wpfgt"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"

*Hqtgkip" Kpuvkvwvkqpcn" Kpxguvqtu+" Tgiwncvkqpu." 4222." tgikuvgtgf" ykvj" vjg" UGDK" wpfgt"crrnkecdng"ncyu"kp"Kpfkc"cpf"fggogf"cu"HRKu"wpfgt"vjg"UGDK"HRK"Tgiwncvkqpu"

Hkpcpekcn"[gct1Hkuecn1"Hkuecn"[gct"

Vjg"rgtkqf"qh"34"oqpvju"eqoogpekpi"qp"Crtkn"3"qh"vjg"koogfkcvgn{"rtgegfkpi"ecngpfct"{gct"cpf"gpfkpi"qp"Octej"53"qh"vjcv"rctvkewnct"ecngpfct"{gct"

HRKu" C" hqtgkip" rqtvhqnkq" kpxguvqt" yjq" jcu" dggp" tgikuvgtgf" rwtuwcpv" vq" vjg" UGDK" HRK"Tgiwncvkqpu."rtqxkfgf"vjcv"cp{"HKK"yjq"jqnfu"c"xcnkf"egtvkhkecvg"qh"tgikuvtcvkqp"ujcnn"dg"fggogf"vq"dg"cp"HRK"wpvkn"vjg"gzrkt{"qh"vjg"dnqem"qh"vjtgg"{gctu"hqt"yjkej"hggu"jcxg"dggp"rckf" cu"rgt" vjg" Ugewtkvkgu" cpf" Gzejcpig" Dqctf" qh" Kpfkc" *Hqtgkip" Kpuvkvwvkqpcn"Kpxguvqtu+"Tgiwncvkqpu."3;;7"

Htquv"("Uwnnkxcp" Htquv"("Uwnnkxcp"*Kpfkc+"Rtkxcvg"Nkokvgf"HXEK"" Hqtgkip"Xgpvwtg"Ecrkvcn"Kpxguvqtu"*cu"fghkpgf"wpfgt"vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"

qh"Kpfkc"*Hqtgkip"Xgpvwtg"Ecrkvcn"Kpxguvqtu+"Tgiwncvkqpu."4222+"tgikuvgtgf"ykvj"UGDK"ICCT" Igpgtcn"Cpvk/Cxqkfcpeg"Twngu"IFR" Itquu"Fqoguvke"Rtqfwev"IqK" Vjg"Iqxgtpogpv"qh"Kpfkc"IUV" Iqqfu"cpf"ugtxkegu"vcz"JWH*u+" Jkpfw"Wpfkxkfgf"Hcokn{*kgu+"KCU"Twngu" Eqorcpkgu"*Kpfkcp"Ceeqwpvkpi"Uvcpfctfu+"Twngu."4237"KECK" Kpuvkvwvg"qh"Ejctvgtgf"Ceeqwpvcpvu"qh"Kpfkc"

"

32""""

Vgto" Fguetkrvkqp"

KHTU" Kpvgtpcvkqpcn"Hkpcpekcn"Tgrqtvkpi"Uvcpfctfu"KHUE" Kpfkcp"Hkpcpekcn"U{uvgo"Eqfg"Kpeqog"Vcz"Cev" Kpeqog"Vcz"Cev."3;83"Kpf*CU+" Vjg" Kpfkcp" Ceeqwpvkpi" Uvcpfctfu" tghgttgf" vq" kp" vjg" Eqorcpkgu" *Kpfkcp" Ceeqwpvkpi"

Uvcpfctf+"Twngu."4237."cu"cogpfgf"Kpfkcp"ICCR" Igpgtcnn{"Ceegrvgf"Ceeqwpvkpi"Rtkpekrngu"kp"Kpfkc"KPT"qt"Twrgg"qt"₹"qt"Tu0""

Kpfkcp"Twrgg."vjg"qhhkekcn"ewttgpe{"qh"vjg"Tgrwdnke"qh"Kpfkc"

KV" Kphqtocvkqp"Vgejpqnqi{"Ngicn"Ogvtqnqi{"Cev" Ngicn"Ogvtqnqi{"Cev."422;"OEC" Vjg"Okpkuvt{"qh"Eqtrqtcvg"Chhcktu."IqK"Op" Oknnkqp""Owvwcn"Hwpfu" Owvwcn"hwpfu"tgikuvgtgf"ykvj"vjg"UGDK"wpfgt"vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"

*Owvwcn"Hwpfu+"Tgiwncvkqpu."3;;8"Pqvkhkgf"Ugevkqpu" Vjg"ugevkqpu"qh"vjg"Eqorcpkgu"Cev."4235"vjcv"jcxg"dggp"pqvkhkgf"d{"vjg"OEC"cpf"ctg"

ewttgpvn{"kp"ghhgev"PT1"Pqp/tgukfgpv" C"rgtuqp"tgukfgpv"qwvukfg"Kpfkc."cu"fghkpgf"wpfgt"vjg"HGOC"cpf"kpenwfgu"cp"PTK"PTK" Pqp/Tgukfgpv"Kpfkcp"PUFN"" Pcvkqpcn"Ugewtkvkgu"Fgrqukvqt{"Nkokvgf"PUG" Vjg"Pcvkqpcn"Uvqem"Gzejcpig"qh"Kpfkc"Nkokvgf"R1G"Tcvkq" Rtkeg1Gctpkpiu"Tcvkq"RCP" Rgtocpgpv"ceeqwpv"pwodgt"RCV" Rtqhkv"chvgt"vcz"Rc{ogpv"qh"Dqpwu"Cev" Rc{ogpv"qh"Dqpwu"Cev."3;87"Rc{ogpv"qh"Itcvwkv{"Cev"

Rc{ogpv"qh"Itcvwkv{"Cev."3;94"

TDK" Vjg"Tgugtxg"Dcpm"qh"Kpfkc"Tgiwncvkqp"U" Tgiwncvkqp"U"wpfgt"vjg"W0U0"Ugewtkvkgu"Cev."3;55"TqE"qt"Tgikuvtct"qh"Eqorcpkgu"

Vjg"Tgikuvtct"qh"Eqorcpkgu."Pcvkqpcn"Ecrkvcn"Vgttkvqt{"qh"Fgnjk"cpf"Jct{cpc"

UETC" Ugewtkvkgu"Eqpvtcev"*Tgiwncvkqp+"Cev."3;78"UETT" Vjg"Ugewtkvkgu"Eqpvtcevu"*Tgiwncvkqp+"Twngu."3;79"UGDK" Vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"eqpuvkvwvgf"wpfgt"vjg"UGDK"Cev"UGDK"Cev" Vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"Cev."3;;4"UGDK"KEFT"Tgiwncvkqpu"

Vjg" Ugewtkvkgu" cpf" Gzejcpig" Dqctf" qh" Kpfkc" *Kuuwg" qh" Ecrkvcn" cpf" Fkuenquwtg"Tgswktgogpvu+"Tgiwncvkqpu."422;"

UGDK"HRK"Tgiwncvkqpu" Ugewtkvkgu" cpf" Gzejcpig" Dqctf" qh" Kpfkc" *Hqtgkip" Rqtvhqnkq" Kpxguvqtu+" Tgiwncvkqpu."4236"

UGDK"HXEK"Tgiwncvkqpu""

Ugewtkvkgu" cpf" Gzejcpig" Dqctf" qh" Kpfkc" *Hqtgkip" Xgpvwtg" Ecrkvcn" Kpxguvqtu+"Tgiwncvkqpu."4222"

UGDK"Nkuvkpi"Tgiwncvkqpu""

UGDK"*Nkuvkpi"Qdnkicvkqpu"cpf"Fkuenquwtg"Tgswktgogpvu+"Tgiwncvkqpu."4237"

UVV" Ugewtkvkgu"Vtcpucevkqp"Vcz"Vcmgqxgt"Tgiwncvkqpu" Vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh" Kpfkc" *Uwduvcpvkcn"Ceswkukvkqp"qh"Ujctgu"cpf"

Vcmgqxgtu+"Tgiwncvkqpu."4233"Vtcfgoctmu"Cev" Vtcfgoctmu"Cev."3;;;"WU&1"WUF1"WU"Fqnnct" Wpkvgf"Uvcvgu"Fqnnct."vjg"qhhkekcn"ewttgpe{"qh"vjg"Wpkvgf"Uvcvgu"qh"Cogtkec"WUC1"W0U01"WU" Wpkvgf"Uvcvgu"qh"Cogtkec."kvu"vgttkvqtkgu"cpf"rquuguukqpu."cp{"uvcvg"qh"vjg"Wpkvgf"Uvcvgu"qh"

Cogtkec"cpf"vjg"Fkuvtkev"qh"Eqnwodkc""W0U0"ICCR" Igpgtcnn{"Ceegrvgf"Ceeqwpvkpi"Rtkpekrngu"kp"vjg"Wpkvgf"Uvcvg"qh"Cogtkec""XCV" Xcnwg"Cffgf"Vcz"XEHu" Xgpvwtg"ecrkvcn"hwpfu"cu"fghkpgf"kp"cpf"tgikuvgtgf"ykvj"vjg"UGDK"wpfgt"vjg"Ugewtkvkgu"cpf"

Gzejcpig"Dqctf"qh"Kpfkc"*Xgpvwtg"Ecrkvcn"Hwpf+"Tgiwncvkqpu."3;;8"qt"vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"*Cnvgtpcvkxg"Kpxguvogpv"Hwpfu+"Tgiwncvkqpu."4234."cu"vjg"ecug"oc{"dg"

"

"

33""""

Kpfwuvt{"Tgncvgf"Vgtou"""

Vgto" Fguetkrvkqp"

CSN" Ceegrvgf"Swcnkv{"Ngxgnu""ETO" Ewuvqogt"Tgeqtf"Ocpcigogpv""GDQu" Gzenwukxg"Dtcpf"Qwvngvu""WJPJ" Wnvtc/jkij"pgv"yqtvj"jqwugjqnfu""WJPK" Wnvtc/jkij"pgv"yqtvj"kpfkxkfwcn""JPJ" Jkij"pgv/yqtvj"jqwugjqnfu""

"Vjg"yqtfu"cpf"gzrtguukqpu"wugf"dwv"pqv"fghkpgf"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"yknn"jcxg"vjg"ucog"ogcpkpi"cu"cuukipgf"vq"uwej"vgtou"wpfgt"vjg"Eqorcpkgu"Cev"3;78."cu"uwrgtugfgf"cpf"uwduvkvwvgf"d{"pqvkhkgf"rtqxkukqpu"qh"vjg"Eqorcpkgu"Cev"4235"*vqigvjgt"vjg"“Eqorcpkgu"Cev”)."vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"Cev."3;;4"(“UGDK"Cev”)."vjg"UGDK"KEFT"Tgiwncvkqpu."vjg"UETC."vjg"Fgrqukvqtkgu"Cev"cpf"vjg"twngu"cpf"tgiwncvkqpu"ocfg"vjgtgwpfgt0"""Notwithstanding the foregoing, terms in “Ockp"Rtqxkukqpu"qh"vjg"Ctvkengu"qh"Cuuqekcvkqp”, “Uvcvgogpv"qh"Vcz"Dgpghkvu”, “Kpfwuvt{"Qxgtxkgy”, “Tgiwncvkqpu"cpf"Rqnkekgu"kp"Kpfkc”, “Hkpcpekcn"Kphqtocvkqp”."“Qwvuvcpfkpi"Nkvkicvkqp"cpf"Ocvgtkcn"Fgxgnqrogpvu”"and “Rctv"D” of “Qhhgt"Rtqegfwtg”."yknn"jcxg"vjg"ogcpkpi"cuetkdgf"vq"uwej"vgtou"kp"vjgug"tgurgevkxg"ugevkqpu0"

"

34""""

EGTVCKP"EQPXGPVKQPU."WUG"QH"HKPCPEKCN"KPHQTOCVKQP"CPF"OCTMGV"FCVC"CPF"

EWTTGPE["QH"RTGUGPVCVKQP""

"

Egtvckp"Eqpxgpvkqpu"

"Cnn"tghgtgpegu"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"vq"“India”"ctg"vq"vjg"Tgrwdnke"qh"Kpfkc0"""

Hkpcpekcn"Fcvc""Wpnguu"kpfkecvgf"qvjgtykug."vjg"hkpcpekcn"fcvc"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"ku"fgtkxgf"htqo"qwt" tguvcvgf"eqpuqnkfcvgf"hkpcpekcn"kphqtocvkqp"cpf"tguvcvgf"uvcpfcnqpg"hkpcpekcn"kphqtocvkqp"cu"qh"cpf"hqt"vjg"Hkuecnu"gpfgf"Octej"53."4238."4237."4236."4235"cpf"4234"cpf"vjg"tgurgevkxg"pqvgu."uejgfwngu"cpf"cppgzwtgu"vjgtgvq."rtgrctgf"kp" ceeqtfcpeg" ykvj" vjg" Igpgtcnn{" Ceegrvgf" Ceeqwpvkpi" Rtkpekrngu" kp" Kpfkc" *vjg" “Kpfkcp" ICCR”) and the Eqorcpkgu"Cev"cpf"tguvcvgf"kp"ceeqtfcpeg"ykvj"vjg"UGDK"KEFT"Tgiwncvkqpu"cpf"kpenwfgf"gnugyjgtg"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu0"""Egtvckp"fcvc"kpenwfgf"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"kp"tgncvkqp"vq"egtvckp"qrgtcvkpi"ogvtkeu."hkpcpekcn"cpf"qvjgt"dwukpguu"tgncvgf"kphqtocvkqp"pqv"qvjgtykug"kpenwfgf"kp"vjg"tguvcvgf"hkpcpekcn"kphqtocvkqp"jcu"dggp"tgxkgygf"cpf"xgtkhkgf"d{"Pc{{ct"Ocpkct"("Cuuqekcvgu"NNR"qt"FOTP"("Cuuqekcvgu." vjktf/rctv{"ejctvgtgf"ceeqwpvcpvu0"Hwtvjgt."vjg"uvcvgogpv"qh"vcz"dgpghkvu"jcu"dggp"tgxkgygf."egtvkhkgf"cpf"xgtkhkgf"d{"Clc{"Ycfjyc"cpf"Cuuqekcvgu."Ejctvgtgf"Ceeqwpvcpvu0""In this Draft Red Herring Prospectus, references to “revenue from Owned Brands” includes, in addition to tgxgpwgu" htqo"Ucv{c"Rcwn"cpf"Dy#vej." tgxgpwgu" htqo"rtkxcvg/ncdgn"eqpvtcev"ocpwhcevwtkpi"cpf"fkuvtkdwvkqp" hqt"egtvckp"vjktf/rctv{"dtcpfu."uqog"qh"yjkej"yg"jcxg"egcugf"vq"ocpwhcevwtg1fkuvtkdwvg"gkvjgt"dghqtg"qt"ykvj"ghhgev"htqo"Crtkn"3."4238."cu"crrnkecdng0"Hwtvjgt." kp" vjku"Ftchv"Tgf"Jgttkpi"Prospectus, references to “revenue from International Brands” means revenues from the distribution and sale of such international luxury and premium dtcpfu"cu"ctg"rctv"qh"qwt"rqtvhqnkq"htqo"vkog"vq"vkog."kp"tgurgev"qh"yjkej"yg"jcxg"fkuvtkdwvkqp"tkijvu"kp"Kpfkc0"Cu"qh"vjg"fcvg"qh"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu."yg"jcxg"vjg"tkijvu"vq"fkuvtkdwvg"38"uwej"kpvgtpcvkqpcn"dtcpfu."cu"fguetkdgf"kp"oqtg"fgvckn"in “Qwt"Dwukpguu” on page 3260"""Qwt"Company’s hkpcpekcn"{gct"eqoogpegu"qp"Crtkn"3"qh"vjg"koogfkcvgn{"rtgegfkpi"ecngpfct"{gct"cpf"gpfu"qp"Octej"53"qh"vjcv"rctvkewnct"ecngpfct"{gct."uq"cnn"tghgtgpegu"vq"c"rctvkewnct"hkpcpekcn"{gct"ctg"vq"vjg"34"oqpvj"rgtkqf"eqoogpekpi"qp"Crtkn"3"qh"vjg"koogfkcvgn{"rtgegfkpi"ecngpfct"{gct"cpf"gpfkpi"qp"Octej"53"qh"vjcv"rctvkewnct"ecngpfct"{gct0"""Vjgtg"ctg"ukipkhkecpv"fkhhgtgpegu"dgvyggp"vjg"Kpfkcp"ICCR."vjg"Kpvgtpcvkqpcn"Hkpcpekcn"Tgrqtvkpi"Uvcpfctfu"*vjg"“KHTU”) and the Generally Accepted Accounting Principles in the United States of America (vjg"“W0U0"ICCR”). Ceeqtfkpin{."vjg"fgitgg"vq"yjkej"vjg"hkpcpekcn" kphqtocvkqp"kpenwfgf"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"yknn"provide meaningful information is entirely dependent on the reader’s level of familiarity with Indian accounting rtcevkegu0"Cp{"tgnkcpeg"d{"rgtuqpu"pqv"hcoknkct"ykvj"Kpfkcp"ceeqwpvkpi"rtcevkegu."vjg"Kpfkcp"ICCR."vjg"Eqorcpkgu"Cev"cpf"vjg"UGDK"KEFT"Tgiwncvkqpu"qp"vjg"hkpcpekcn"fkuenquwtgu"rtgugpvgf"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"ujqwnf"ceeqtfkpin{"dg"nkokvgf0"Yg"jcxg"pqv"cvvgorvgf"vq"swcpvkh{"vjg"korcev"qh"vjg"KHTU"qt"vjg"W0U0"ICCR"qp"vjg"hkpcpekcn"fcvc"kpenwfgf"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu."pqt"fq"yg"rtqxkfg"c"tgeqpeknkcvkqp"qh"qwt"hkpcpekcn"kphqtocvkqp"vq"vjqug"wpfgt"vjg"W0U0"ICCR"qt"vjg"KHTU"cpf"yg"wtig"{qw"vq"eqpuwnv"{qwt"qyp"cfxkuqtu"tgictfkpi"uwej"fkhhgtgpegu"cpf"vjgkt"korcev"qp"qwt"hkpcpekcn"fcvc0"""Qp"Hgdtwct{"38."4237."vjg"Okpkuvt{"qh"Eqtrqtcvg"Chhcktu"kuuwgf"vjg"Eqorcpkgu"*Kpfkcp"Ceeqwpvkpi"Uvcpfctfu+"Rules, 2015 (“KCU"Twngu”) for the purpose of enacting changes to Indian GAAP that are intended vq"cnkip"Kpfkcp"ICCR"hwtvjgt"ykvj"KHTU0"Vjg"KCU"Twngu"rtqxkfg"vjcv"vjg"hkpcpekcn"kphqtocvkqp"qh"vjg"eqorcpkgu"vq"yjkej"vjg{"crrn{"ujcnn"dg"rtgrctgf"cpf"cwfkvgf"kp"ceeqtfcpeg"ykvj"the Indian Accounting Standard (“KPF"*CU+”)."cnvjqwij"cp{"eqorcp{"oc{"xqnwpvctkn{"korngogpv"KPF"*CU+"hqt"vjg"ceeqwpvkpi"rgtkqf"dgikppkpi"htqo"Crtkn"3."42370""

Yg"jcxg"pqv"ocfg"cp{"cvvgorv"vq"swcpvkh{"qt"kfgpvkh{"vjg"korcev"qh"vjg"fkhhgtgpegu"dgvyggp"Kpfkcp"ICCR"cpf"KPF"*CU+"cu"crrnkgf"vq"qwt"hkpcpekcn"kphqtocvkqp"cpf"kv"ku"wtigf"vjcv"{qw"eqpuwnv"{qwt"qyp"cfxkuqtu"tgictfkpi"vjg"korcev"qh"fkhhgtgpeg."kh"cp{."qp"hkpcpekcn"fcvc"kpenwfgf"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu0"See “Tkum"Hcevqtu"–"Ukipkhkecpv"fkhhgtgpegu"gzkuv"dgvyggp"Kpfkcp"ICCR"cpf"qvjgt"ceeqwpvkpi"rtkpekrngu."uwej"cu"vjg"Kpvgtpcvkqpcn"Financial Reporting Standards (“IFRS”) and U.S. GAAP, which may be material to investors’ assessment of

"

35""""

qwt"hkpcpekcn"eqpfkvkqp0"Qwt"hcknwtg"vq"uweeguuhwnn{"cfqrv"KPF"*CU+"oc{"jcxg"cp"cfxgtug"ghhgev"qp"vjg"rtkeg"qh"qwt"Gswkv{"Ujctgu” on page 560""Egtvckp"hkiwtgu"eqpvckpgf"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu."kpenwfkpi"hkpcpekcn"kphqtocvkqp."jcxg"dggp"uwdlgev"vq"tqwpfkpi"cflwuvogpvu0"Cnn"fgekocnu"jcxg"dggp"tqwpfgf"qhh"vq"vyq"fgekocn"rqkpvu0"Kp"egtvckp"kpuvcpegu."*k+"vjg"uwo"qt"rgtegpvcig"ejcpig"qh"uwej"pwodgtu"oc{"pqv"eqphqto"gzcevn{"vq"vjg"vqvcn"hkiwtg"ikxgp="cpf"*kk+"vjg"uwo"qh"vjg"pwodgtu"kp"c"eqnwop"qt"tqy"kp"egtvckp"vcdngu"oc{"pqv"eqphqto"gzcevn{"vq"vjg"vqvcn"hkiwtg"ikxgp"hqt"vjcv"eqnwop"qt"tqy0"Jqygxgt."yjgtg"cp{"hkiwtgu"vjcv"oc{"jcxg"dggp"uqwtegf"htqo"vjktf/rctv{"kpfwuvt{"uqwtegu"ctg"tqwpfgf"qhh" vq"qvjgt"vjcp"vyq"fgekocn"rqkpvu"kp"vjgkt"tgurgevkxg"uqwtegu."uwej"hkiwtgu"crrgct"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"cu"tqwpfgf/qhh"vq"uwej"pwodgt"qh"fgekocn"rqkpvu"cu"rtqxkfgf"kp"uwej"tgurgevkxg"uqwtegu0""

Kpfwuvt{"cpf"Octmgv"Fcvc"""

We have commissioned a report titled “Cuuguuogpv"qp"Kpfkcp"Nwzwt{"Iqqfu"Kpfwuvt{” dated Ugrvgodgt"37."4238."rtgrctgf"d{"Htquv"cpf"Uwnnkxcp"*Kpfkc+"Rtkxcvg"Nkokvgf."hqt"vjg"rwtrqug"qh"eqphktokpi"qwt"wpfgtuvcpfkpi"qh"vjg"kpfwuvt{"kp"eqppgevkqp"ykvj"vjg"Qhhgt0"Hwtvjgt."kp"vjku"tgictf."Htquv"cpf"Uwnnkxcp"*Kpfkc+"Rtkxcvg"Nkokvgf"jcu"kuuwgf"vjg"hqnnqykpi"fkuenckogt<"""“Vjg" octmgv" tgugctej" ogvjqf" hqt" vjku" uvwf{" jcu" dggp" wpfgtvcmgp" vjtqwij" fgvckngf" rtkoct{" cpf" ugeqpfct{"tgugctej."yjkej"kpxqnxgu"fkuewuukpi"vjg"uvcvwu"qh"vjg"kpfwuvt{"ykvj"ngcfkpi"kpfwuvt{"rctvkekrcpvu"cpf"gzrgtvu."cpf"eqorknkpi" kprwvu" htqo" rwdnken{" cxckncdng" uqwtegu." kpenwfkpi" qhhkekcn" rwdnkecvkqpu" cpf" tgugctej" tgrqtvu0"Swcpvkvcvkxg" octmgv" kphqtocvkqp" ku" dcugf" rtkoctkn{" qp" uwej" kpvgtxkgyu" cpf" fgum/dcugf" ugeqpfct{" tgugctej="vjgtghqtg."ocmkpi"kv"uwdlgev"vq"hnwevwcvkqp0""Htquv"("Uwnnkxcp"*K+"Rtkxcvg"Nkokvgf"jcu"vcmgp"cnn"tgcuqpcdng"ectg"vq"gpuwtg"vjcv"vjg"kphqtocvkqp"eqpvckpgf"kp"vjku"tgrqtv"ku."vq"vjg"dguv"qh"kvu"mpqyngfig."kp"ceeqtfcpeg"ykvj"vjg"hcevu"cpf"eqpvckpu"pq"qokuukqp"nkmgn{"vq"chhgev"kvu"korqtv0"" This Frost & Sullivan (I) Private Limited report is prepared for our client’s internal use, submission, and sharing ykvj"vjg"tgngxcpv"rctvkgu"cu"ygnn"cu"hqt"kpenwukqp"kp"vjg"ftchv"tgf"jgttkpi"rtqurgevwu."vjg"tgf"jgttkpi"rtqurgevwu."cpf"vjg"rtqurgevwu"qh"Igpguku"Eqnqtu"Nkokvgf"*jgtgkp"Igpguku"Eqnqtu+0”""Cukfg"htqo"vjg"cdqxg."wpnguu"uvcvgf"qvjgtykug."kpfwuvt{"cpf"octmgv"fcvc"wugf"vjtqwijqwv"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu" jcu" dggp" fgtkxgf" htqo" egtvckp" kpfwuvt{" uqwtegu0" Kpfwuvt{" rwdnkecvkqpu" igpgtcnn{" uvcvg" vjcv" vjg"kphqtocvkqp"eqpvckpgf"kp"uwej"rwdnkecvkqpu"jcu"dggp"qdvckpgf"htqo"uqwtegu"igpgtcnn{"dgnkgxgf"vq"dg"tgnkcdng."dwv"vjgkt" ceewtce{." cfgswce{"qt"eqorngvgpguu" cpf"wpfgtn{kpi" cuuworvkqpu" ctg" pqv" iwctcpvggf" cpf" vjgkt" tgnkcdknkv{"ecppqv"dg"cuuwtgf0"Ceeqtfkpin{."pq"kpxguvogpv"fgekukqpu"ujqwnf"dg"ocfg"dcugf"qp"uwej"kphqtocvkqp0"Cnvjqwij"yg"dgnkgxg"vjcv"vjg"kpfwuvt{"cpf"octmgv"fcvc"wugf"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"ku"tgnkcdng."kv"jcu"pqv"dggp"kpfgrgpfgpvn{" xgtkhkgf" d{"wu." vjg" Ugnnkpi" Ujctgjqnfgtu." vjg" IEDTNOu" cpf" DTNO." qt" cp{" qh" qwt" qt" vjgkt"tgurgevkxg"chhknkcvgu"qt"cfxkuqtu."cpf"pqpg"qh" vjgug"rctvkgu"ocmgu"cp{"tgrtgugpvcvkqp"cu" vq" vjg"ceewtce{"qh" vjku"kphqtocvkqp0"Vjg"fcvc"wugf"kp"vjgug"uqwtegu"oc{"jcxg"dggp"tgencuukhkgf"d{"wu"hqt"vjg"rwtrqugu"qh"rtgugpvcvkqp0"Fcvc"htqo"vjgug"uqwtegu"oc{"cnuq"pqv"dg"eqorctcdng0"Vjg"gzvgpv"vq"yjkej"vjg"kpfwuvt{"cpf"octmgv"fcvc"rtgugpvgf"kp"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"ku"meaningful depends upon the reader’s familiarity with and understanding qh" vjg"ogvjqfqnqikgu"wugf" kp"eqorknkpi"uwej"fcvc0"Vjgtg"ctg"pq"uvcpfctf"fcvc"icvjgtkpi"ogvjqfqnqikgu" kp" vjg"kpfwuvt{"kp"yjkej"yg"eqpfwev"qwt"dwukpguu"cpf"ogvjqfqnqikgu"cpf"cuuworvkqpu"oc{"xct{"ykfgn{"coqpi"fkhhgtgpv"octmgv"cpf"kpfwuvt{"uqwtegu0"""Uwej" fcvc" kpxqnxgu" tkumu." wpegtvckpvkgu" cpf" pwogtqwu" cuuworvkqpu" cpf" ku" uwdlgev" vq" ejcpig"dcugf" qp" xctkqwu"factors, including those discussed in “Tkum"Hcevqtu” on page 380"""Ewttgpe{"cpf"Wpkvu"qh"Rtgugpvcvkqp"""

All references to “Twrggu” or “₹” or “Tu0” are to Indian Rupees, the official currency of the Republic of India. All references to “WU&”, “W0U0" Fqnnct”, “WUF” or “W0U0" Fqnnctu” are to United States Dollars, the official ewttgpe{"qh"vjg"Wpkvgf"Uvcvgu"qh"Cogtkec0"All reference to “Gwt” or"“€” is to Gwtq."vjg"qhhkekcn"ewttgpe{"qh"vjg"Gwtqrgcp"Wpkqp0"All references to “CGF” is to United Arab Emirates Dirham, the official currency of Wpkvgf"Ctcd"Goktcvgu"(“WCG”)0"All reference to “IDR” is to the Great Britain Pound, the official currency of Gtgcv"Dtkvckp0""

"

36""""

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37""""

HQTYCTF/NQQMKPI"UVCVGOGPVU"

"Vjku" Ftchv" Red Herring Prospectus contains certain “forward/looking statements”. These forward looking uvcvgogpvu"kpenwfg"uvcvgogpvu"yjkej"ecp"igpgtcnn{"dg"kfgpvkhkgf"d{"yqtfu"qt"rjtcugu"uwej"cu"“cko”, “cpvkekrcvg”, “dgnkgxg”, “gzrgev”, “guvkocvg”, “kpvgpf”."“nkmgn{"vq”, “qdlgevkxg”, “rncp”, “rtqrqug”, “yknn"eqpvkpwg”, “uggm"vq”, “yknn"rwtuwg” or other words or phrases of similar import0"""

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cpf"eqorgvkvkxg"rqukvkqp="cpf"� Qwt"tgnkcpeg"qp"htcpejkuggu."yjq"yg"fq"pqv"eqpvtqn."vq"qrgtcvg"egtvckp"GDQu"qh"qwt"Qypgf"Dtcpfu"cpf"vjg"

Kpvgtpcvkqpcn"Dtcpfu0""For a further discussion of factors that could cause our actual results to differ, see “Tkum"Hcevqtu”, “Qwt"Dwukpguu”"and “Ocpcigogpv’s"Fkuewuukqp"cpf"Cpcn{uku"qh"Hkpcpekcn"Eqpfkvkqp"cpf"Tguwnvu"qh"Qrgtcvkqpu”"qp"rcigu"38."326" cpf" 496." tgurgevkxgn{0" D{" vjgkt" pcvwtg." egtvckp"octmgv" tkum" fkuenquwtgu" ctg" qpn{" guvkocvgu" cpf" eqwnf" dg"ocvgtkcnn{"fkhhgtgpv"htqo"yjcv"cevwcnn{"qeewtu" kp"vjg" hwvwtg0"Cu"c"tguwnv."cevwcn"hwvwtg"ickpu"qt"nquugu"eqwnf"dg"ocvgtkcnn{"dg"fkhhgtgpv"htqo"vjqug"vjcv"jcxg"dggp"guvkocvgf0"Hqtyctf/nqqmkpi"uvcvgogpvu"tghngev"qwt"ewttgpv"xkgyu"cu"qh"vjg"fcvg"qh"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"cpf"ctg"pqv"c"iwctcpvgg"qh"hwvwtg"rgthqtocpeg0"Cnvjqwij"yg"dgnkgxg"vjcv"vjg"cuuworvkqpu"qp"yjkej"uwej"uvcvgogpvu"ctg"dcugf"ctg"tgcuqpcdng."cp{"uwej"cuuworvkqpu"cu"ygnn"cu"vjg"uvcvgogpv"dcugf"qp"vjgo"eqwnf"rtqxg"vq"dg"kpceewtcvg0""Pgkvjgt"qwt"Eqorcp{."pqt"vjg"Ugnnkpi"Ujctgjqnfgtu."pqt"vjg"U{pfkecvg."pqt"cp{"qh"vjgkt"tgurgevkxg"chhknkcvgu"jcxg"cp{"qdnkicvkqp"vq"wrfcvg"qt"qvjgtykug"tgxkug"cp{"uvcvgogpvu"tghngevkpi"ektewouvcpegu"ctkukpi"chvgt"vjg"fcvg"jgtgqh"qt"vq"tghngev"vjg"qeewttgpeg"qh"wpfgtn{kpi"gxgpvu."gxgp"kh"vjg"wpfgtn{kpi"cuuworvkqpu"fq"pqv"eqog"vq"htwkvkqp0"Kp"ceeqtfcpeg"ykvj"UGDK"tgswktgogpvu."qwt"Eqorcp{"cpf"vjg"IEDTNOu"cpf"DTNO"yknn"gpuwtg"vjcv"kpxguvqtu"kp"Kpfkc"ctg"kphqtogf"qh"ocvgtkcn"fgxgnqrogpvu"wpvkn"vjg"tgegkrv"qh"hkpcn"nkuvkpi"cpf"vtcfkpi"crrtqxcnu"hqt"vjg"Gswkv{"Ujctgu"rwtuwcpv"vq"vjg"Qhhgt0""""""""

"

38""""

UGEVKQP"KK"/"TKUM"HCEVQTU""

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"

44""""

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"

48""""

390 Qwt"dwukpguu"ku"uwdlgev"vq"ugcuqpcnkv{0"Nqygt"tgxgpwgu"kp"vjg"ugeqpf"swctvgt"qh"cp{"Hkuecn"oc{"cfxgtugn{"chhgev"qwt"dwukpguu."hkpcpekcn"eqpfkvkqp."tguwnvu"qh"qrgtcvkqpu"cpf"rtqurgevu0"""Yg" ctg" korcevgf" d{" ugcuqpcn" xctkcvkqpu" kp" ucngu" xqnwogu." yjkej" oc{" ecwug" qwt" tgxgpwgu" vq" xct{"ukipkhkecpvn{"dgvyggp"fkhhgtgpv"Hkuecn"swctvgtu0"V{rkecnn{."yg"ugg"cp"kpetgcug"kp"qwt"dwukpguu"fwtkpi"vjg"vjktf"swctvgt"qh"cp{"ikxgp"Hkuecn."k0g0."fwtkpi"vjg"Fkycnk"cpf"jqnkfc{"ugcuqp0"Vjgtghqtg."qwt"qrgtcvkpi"tguwnvu"cpf"ecuj" hnqyu" hqt" fkhhgtgpv" Hkuecn"swctvgtu"oc{" pqv"dg" eqorctcdng" cpf" cp{" uwej" eqorctkuqpu"oc{" pqv"dg"ogcpkpihwn." qt"oc{" pqv"dg" kpfkecvkxg" qh" qwt" cppwcn" hkpcpekcn" tguwnvu" qt" qwt" tguwnvu" kp" cp{" hwvwtg" Hkuecn"swctvgtu"qt"rgtkqfu0"""

3:0 Vjg"wpcwvjqtk|gf"octmgvkpi"cpf"ucng"d{"vjktf"rctvkgu"qh"eqwpvgthgkv"qt"rctcnngn"korqtvgf"rtqfwevu"qh"vjg"Kpvgtpcvkqpcn"Dtcpfu" hqt" yjkej"yg"jcxg" gzenwukxg" fkuvtkdwvkqp" tkijvu." eqwnf" jcxg"c"ocvgtkcn" cfxgtug"ghhgev"qp"qwt"dwukpguu0"""Yg"jcxg." kp" vjg"rcuv." hcegf" kpuvcpegu" yjgtg" vjktf"rctvkgu"jcxg"octmgvgf"qt" uqnf"eqwpvgthgkv" qt"rctcnngn"korqtvgf"rtqfwevu." hqt"yjkej"yg"jcxg"fkuvtkdwvkqp" tkijvu"ykvjkp" Kpfkc"rwtuwcpv" vq"citggogpvu"ykvj" vjg"dtcpf"qypgtu0"Hqt"kpuvcpeg."c"vjktf"rctv{"g/eqoogteg"rqtvcn"jcf"octmgvgf"egtvckp"rtqfwevu"wpfgt"vjg"octm"qh" qpg" qh" qwt" Kpvgtpcvkqpcn" Dtcpfu." hqt" yjkej" yg" jcxg" gzenwukxg" fkuvtkdwvkqp" tkijvu" kp" Kpfkc0" Uwej"wpcwvjqtk|gf"octmgvkpi"d{"vjktf"rctvkgu"qh"rtqfwevu"hqt"yjkej"yg"jcxg"gzenwukxg"fkuvtkdwvkqp"tkijvu."gkvjgt"vjtqwij"rcuukpi"qhh"qt"vjtqwij"vjg"rctcnngn"korqtv"qh"rtqfwevu."oc{"cfxgtugn{"korcev"qwt"rtqfwev"ucngu"cpf"tgfweg"qwt"tgxgpwg."vjgtgd{"cfxgtugn{"chhgevkpi"qwt"tguwnvu"qh"qrgtcvkqpu"cpf"hkpcpekcn"eqpfkvkqp."cu"ygnn"cu"qwt"eqorgvkvkxg"rqukvkqp0""

"3;0 Yg" tgn{" qp" nctig" hqtocv" tgvckn" uvqtgu" hqt" vjg" ujqr/kp/ujqr" qrgtcvkqpu" hqt" qwt" Qypgf" Dtcpfu0" Vjg"

vgtokpcvkqp"cpf1qt"pqp/tgpgycn"qh"qwt"citggogpvu"ykvj"nctig"hqtocv"tgvckn"uvqtgu"oc{"ocvgtkcnn{"cpf"cfxgtugn{"chhgev"qwt"dwukpguu."tguwnvu"qh"qrgtcvkqpu"cpf"hkpcpekcn"eqpfkvkqp0""

Yg"tgn{"qp"nctig"hqtocv"tgvckn"uvqtgu"hqt"qwt"ujqr/kp/ujqr"qrgtcvkqpu."urgekhkecnn{"kp"tgncvkqp"vq"qwt"Qypgf"Dtcpfu0"Qwt"citggogpvu"ykvj"nctig"hqtocv"tgvckn"uvqtgu"rtqxkfg"wu"ykvj"vjg"tkijv"vq"guvcdnkuj"ujqr/kp/ujqru"kp"vjgkt"tgurgevkxg"uvqtgu0"Cu"qh"Cwiwuv"53."4238."qwt"Ucv{c"Rcwn"rtqfwevu"ygtg"uqnf"cv"5:"GDQu"cpf";;"ujqr/kp/ujqru"kp"vyq"nctig"hqtocv"tgvckn"uvqtgu"cetquu"3:"ekvkgu"kp"Kpfkc"cpf"qwt"Dy#vej"rtqfwevu"ygtg"uqnf"cv"vjtgg"GDQu."374"ujqr/kp/ujqru"kp"hqwt"nctig"hqtocv"tgvckn"uvqtgu"cetquu"3;"ekvkgu"kp"Kpfkc"cpf"qxgt"443"nqecn"vtcfg"uvqtgu"cetquu"Kpfkc0"Qwt"ujqr/kp/ujqr"qwvngv"ejcppgn"tgrtgugpvgf"8076'"qh"qwt"eqpuqnkfcvgf"ucngu"hqt"Hkuecn"42380"Qwt"cdknkv{"vq"qrgp"pgy"ujqr"kp"ujqru"ykvjkp"nctig"hqtocv"tgvckn"uvqtgu"fgrgpfu"ockpn{"qp"vjg"itqyvj."cpf"ucngu"qh"qwt"rtqfwevu"cv"vjg"nctig"hqtocv"tgvckn"uvqtgu0"

Yg"ecppqv"cuuwtg"{qw"vjcv"yg"yknn"jcxg"vjg"tkijv"vq"qeewr{"vjgug"ujqr/kp/ujqru"kp"vjg"hwvwtg."qt"vjcv"yg"yknn"dg"cdng"vq"eqpvkpwg"ykvj"vjg"wpkpvgttwrvgf"wug"qh"vjgug"rtqrgtvkgu0"Vjgtg"ku"c"tkum"vjcv"qwt"citggogpvu"oc{"pqv"dg"tgpgygf"qt"eqwnf"dg"vgtokpcvgf"rtgocvwtgn{0"Kp"vjg"gxgpv"vjcv"vjg"nctig"hqtocv"tgvckn"uvqtgu"fq"pqv"tgpgy"qwt"citggogpvu"cv"vjg"gzrktcvkqp"qh"vjgkt"vgto."kh"vjg{"vgtokpcvg"uwej"citggogpvu"cv"cp{"vkog."qt"kh"vjg{"fq"pqv"gzgewvg"citggogpvu"ykvj"wu"hqt"cffkvkqpcn"ujqr/kp/ujqru"ykvjkp"nctig"hqtocv"tgvckn"uvqtgu."qwt"dwukpguu."tguwnvu"qh"qrgtcvkqpu"cpf"hkpcpekcn"eqpfkvkqp"yqwnf"dg"ocvgtkcnn{"cfxgtugn{"chhgevgf0"Kp"cffkvkqp."kp"vjg"gxgpv"vjg"tgpvcn"rtkegu"hqt"qwt"ewttgpv"ujqr/kp/ujqr"uvqtgu"kpetgcug."qwt"cdknkv{"vq"ngcug"urcegu"cv"uwej"nqecvkqpu"oc{"dg"tguvtkevgf0""

420 Yg"ctg"gzrqugf"vq"vjg"etgfkv"tkumu"qh"qwt"htcpejkuggu"cpf"nctig"hqtocv"tgvckn"uvqtgu"cpf"cp{"pqp/rc{ogpv"qt"pqp/rgthqtocpeg"d{"cp{"qh"vjgo"eqwnf"ocvgtkcnn{"cpf"cfxgtugn{"chhgev"qwt"hkpcpekcn"eqpfkvkqp"cpf"tguwnvu"qh"qrgtcvkqpu0""Yg"ctg"gzrqugf"vq"rc{ogpv"fgnc{u"cpf1qt"fghcwnvu"d{"qwt"htcpejkuggu"cpf"nctig"hqtocv"tgvckn"uvqtgu0"Cu"qh"Octej"53."4238."qwt"vtcfg"tgegkxcdngu"coqwpvgf"vq"`"3.363067"oknnkqp"cpf"ceeqwpvgf"hqt"59045'"qh"qwt"vqvcn"ewttgpv"cuugvu"cpf"8096'"qh"vjgug"vtcfg"tgegkxcdngu"ygtg"oqtg"vjcp"ukz"oqpvju"rcuv"fwg0"Qwt"hkpcpekcn"rqukvkqp"cpf"rtqhkvcdknkv{"vjgtghqtg"fgrgpfu"qp"vjg"etgfkv/yqtvjkpguu"qh"qwt"htcpejkuggu"cpf"nctig" hqtocv"tgvckn"uvqtgu0"""Egtvckp" qh" vjgug" eqwpvgtrctvkgu"oc{" jcxg" ygcm" etgfkv" jkuvqtkgu" cpf" yg" ecppqv" cuuwtg" {qw" vjcv" vjgug"eqwpvgtrctvkgu" yknn" cnyc{u"dg" cdng" vq"rc{" wu" kp" c" vkogn{" hcujkqp." kh" cv" cnn0" Cp{" ejcpig" kp" vjg" hkpcpekcn"eqpfkvkqp"qh"qwt"htcpejkuggu"qt"nctig"hqtocv"tgvckn"uvqtgu"vjcv"cfxgtugn{"chhgevu"vjgkt"cdknkv{"vq"rc{"wu"oc{"ocvgtkcnn{"cfxgtugn{"chhgev"qwt"tguwnvu"qh"qrgtcvkqpu"cpf"hkpcpekcn"eqpfkvkqp0"

"

49""""

"430 Yg"tgn{"qp"vjg"gzrgtvkug."gzrgtkgpeg"cpf"ngcfgtujkr"qh"qwt"Rtqoqvgt"cpf"Ocpcikpi"Fktgevqt."Ot0"Ucplc{"

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"Hwtvjgt." vjgtg"ecp"dg"pq"cuuwtcpeg" vjcv"yg" yknn"dg"cdng" vq" ugewtg" uwhhkekgpv" vtcpurqtv"ecrcekv{" hqt" vjgug"rwtrqugu0"C"ukipkhkecpv"fkutwrvkqp"vq"qwt"fkuvtkdwvkqp"pgvyqtm"qt"cp{"fkutwrvkqp"qh"ekxkn"kphtcuvtwevwtg"eqwnf"ngcf"vq"c"hcknwtg"d{"wu"vq"rtqxkfg"rtqfwevu"fkuvtkdwvgf"d{"wu"kp"c"vkogn{"ocppgt."yjkej"yqwnf"cfxgtugn{"chhgev"qwt"dwukpguu"cpf"tguwnvu"qh"qrgtcvkqpu0"""

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"

4:""""

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"

53""""

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"

54""""

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"

59""""

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63""""

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64""""

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65""""

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66""""

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"

67""""

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"

68""""

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"

69""""

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"

6:""""

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"

30 Ujctg"Ecrkvcn"Jkuvqt{"" "*c+ Jkuvqt{"qh"Gswkv{"Ujctg"ecrkvcn"qh"qwt"Eqorcp{"""Vjg"hqnnqykpi"vcdng"ugvu"hqtvj"vjg"jkuvqt{"qh"vjg"gswkv{"ujctg"ecrkvcn"qh"qwt"Eqorcp{0"""

Fcvg"qh"

cnnqvogpv"

Pwodgt"qh"

gswkv{"ujctgu"

Hceg"

xcnwg"

*`+"

Kuuwg"

rtkeg"

*`+"

Pcvwtg"qh"

eqpukfgtcvkqp"

Tgcuqp1"

Pcvwtg"qh"

cnnqvogpv"

Ewowncvkxg"

pwodgt"qh"

gswkv{"ujctgu"

Ewowncvkxg"rckf/

wr"gswkv{"ujctg"

ecrkvcn""

*`+"

Pqxgodgt"45."3;;:"

622" 32" 32" Ecuj" Uwduetkrvkqp"vq"vjg"OqC*3+"

622" 6.222"

Lwn{" 38."3;;;,""

3;;.822" 32" 32" Ecuj" Hwtvjgt"kuuwg*4+"

422.222" 4.222.222"

Lwn{"42."4223" 322.222" 32" 32" Ecuj" Hwtvjgt"kuuwg*5+"

522.222" 5.222.222"

"

8;"

Fcvg"qh"

cnnqvogpv"

Pwodgt"qh"

gswkv{"ujctgu"

Hceg"

xcnwg"

*`+"

Kuuwg"

rtkeg"

*`+"

Pcvwtg"qh"

eqpukfgtcvkqp"

Tgcuqp1"

Pcvwtg"qh"

cnnqvogpv"

Ewowncvkxg"

pwodgt"qh"

gswkv{"ujctgu"

Ewowncvkxg"rckf/

wr"gswkv{"ujctg"

ecrkvcn""

*`+"

Lwn{"7."4226" 922.222" 32" 32" Ecuj" Hwtvjgt"kuuwg*6+"

3.222.222" 32.222.222"

Qevqdgt" 53."4227"

352.;22" 32" 85025" Ecuj" Hwtvjgt"kuuwg*7+"

3.352.;22" 33.52;.222"

33.722" 32" 32" Ecuj" Hwtvjgt"kuuwg*8+"

3.364.622" 33.646.222"

37.:88" 32" 85204:" Ecuj" Hwtvjgt"kuuwg*9+"

3.37:.488" 33.7:4.882"

9.;56" 32" 852042" Ecuj" Hwtvjgt"kuuwg*:+"

3.388.422" 33.884.222"

45.:22" 32" 852047" Ecuj" Hwtvjgt" kuuwg"*;+"

3.3;2.222" 33.;22.222"

Crtkn"3."4228" 56.322" 32" 882" Ecuj" Hwtvjgt"kuuwg*32+"

3.446.322" 34.463.222"

3:.3:4" 32" 882" Qvjgt"vjcp"ecuj"

Hwtvjgt"kuuwg*33+"

3.464.4:4" 34.644.:42"

Oc{"5."4228" 326.387" 32" 942" Ecuj" Hwtvjgt"kuuwg*34+"

3.568.669" 35.686.692"

Lwpg"44."4228" 56."947" 32" 942" Ecuj" Hwtvjgt"kuuwg*35+"

3.5:3.394" 35.:33.942"

Lwn{" 47."4229,"

393.8:4" 32" :95092" Qvjgt"vjcp"ecuj"

Eqpxgtukqp"qh"37.222.222"Rtghgtgpeg"Ujctgu" kpvq"Gswkv{"Ujctgu"

*36+"

3.774.:76" 37.74:.762"

Qevqdgt" ;."422;"

377.4;;" 32" 5.:85073" Ecuj" Hwtvjgt"kuuwg*37+"

3.92:.375" 39.2:3.752"

Fgegodgt"43."4232""

67.677" 32" P0C0" Dqpwu" Dqpwu" kuuwg"kp" vjg"tcvkq"qh"3<37072*38+""

3.975.82:" 39.758.2:2"

Lcpwct{" 5."4235"

3" 32" 8.49404:" Ecuj" Hwtvjgt"kuuwg*39+"

3.975.82;" 39.758.2;2"

Lwpg"3:."4235" 537.872" 32" 3.362073" Ecuj" Tkijvu"kuuwg*3:+"

4.28;.47;" 42.8;4.7;2"

Cwiwuv" 48."4235"

362" 32" 4.364.:79036"

Qvjgt"vjcp"ecuj"

Eqpxgtukqp"qh"522.222"Ugtkgu" C"EERU" kpvq"362" Gswkv{"Ujctgu*3;+"

4.28;.5;;" 42.8;5.;;2"

Octej" 43."4236"

9.528" 32" 32" Ecuj" Cnnqvogpv"rwtuwcpv" vq"gzgtekug" qh"qrvkqpu"itcpvgf" wpfgt"IEN" UQR"4238"*42+"

4.298.927" 42.989.272"

Gswkv{"Ujctgu"kuuwgf"kp"vjg"vyq"{gctu"rtgegfkpi"vjg"fcvg"qh"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"

Octej" 3."4238"

3;.6:6" 32" 32" Ecuj" Tkijvu"Kuuwg*43+"

4.2;8.3:;" 42.;83.:;2"

Ugrvgodgt"36."4238"

:.5:6.978" 32" P0C0" Dqpwu" Dqpwu" kuuwg"kp" vjg"tcvkq"qh"3<6*44+"

32.6:2.;67" 326.:2;.672"

Ugrvgodgt"42."4238"

34:.577" 32" 3.25:088" Ecuj" Eqpxgtukqp"qh"hkxg" ycttcpvu"kpvq" 34:.577"Gswkv{"Ujctgu"

*45+"

32.82;.522" 328.2;5.222"

,Qwt"Eqorcp{"jcu"dggp"wpcdng"vq"vtceg"vjg"hqtou"4"hkngf"kp"tgurgev"qh"vjgug"cnnqvogpv."for further details, see “Tkum"Hcevqtu"–"Uqog"qh"qwt"eqtrqtcvg"tgeqtfu"kpenwfkpi"egtvckp"ugetgvctkcn"tgeqtfu"hqt"vjg"vtcpuhgt"cpf"cnnqvogpv"qh"Gswkv{"Ujctgu"ctg"pqv"vtcegcdng”"qp"rcig"4;0"

*3+" Kpkvkcn"uwduetkrvkqp"vq"vjg"OqC"d{"Ot0"Ucplc{"Mcrqqt."Ot0"L{qvk"Oqjcp"Pctwnc."Ou0"Pcukd"Mcrqqt"cpf"Ou0"Tkvw"Pctwnc"hqt"322"Gswkv{"

"

92"

Ujctgu"gcej0"*4+"" Cnnqvogpv"qh";;.:22"Gswkv{"Ujctgu"gcej"vq"Ot0"Ucplc{"Mcrqqt"cpf"Ot0"L{qvk"Oqjcp"Pctwnc"*5+" Cnnqvogpv"qh";;.;22"Gswkv{"Ujctgu"vq"Ot0"Rwpggv"Pcpfc"cpf"322"Gswkv{"Ujctgu"vq"Ou0"Oggtc"Pcpfc"*6+"" Cnnqvogpv"qh"455.556"Gswkv{"Ujctgu"vq"Ot0"L{qvk"Oqjcp"Pctwnc."455.555"Gswkv{"Ujctgu"vq"Ot0"Ucplc{"Mcrqqt"cpf"455.555"Gswkv{"Ujctgu"

vq"Ot0"Rwpggv"Pcpfc"*7+"" Cnnqvogpv"qh"33;.222"Gswkv{"Ujctgu"vq"Ot0"Ucplc{"Mcrqqt"cpf"33.;22"Gswkv{"Ujctgu"vq"Ot0"L{qvk"Oqjcp"Pctwnc"

*8+" Cnnqvogpv"qh"32.222"Gswkv{"Ujctgu"vq"Ou0"Pcnkpk"Iwrvc"cpf"3.722"Gswkv{"Ujctgu"vq"Ot0"Xktgpfgt"Djcukp""*9+" Cnnqvogpv"qh"37.:88"Gswkv{"Ujctgu"vq"Rtcucf"Cigpvu"Rtkxcvg"Nkokvgf""

*:+" Cnnqvogpv"qh"9.;56"Gswkv{"Ujctgu"vq"Ou0"Xtkpfc"Tclictjkc""

*;+" Cnnqvogpv"qh"45.:22"Gswkv{"Ujctgu"vq"Ot0"Mwndjwujcp"Nqqpf""

*32+" Cnnqvogpv"qh"56.322"Gswkv{"Ujctgu"vq"Ot0"Fggrcm"Oqjcp"Pctwnc"*33+" Cnnqvogpv"qh"3:.3:4"vq"Igpguku"Qxgtugcu"Rtkxcvg"Nkokvgf"cu"rwtejcug"eqpukfgtcvkqp"hqt"vjg"vtcpuhgt"qh"vjg"dwukpguu"qh"Igpguku"Qxgtugcu"

Rtkxcvg"Nkokvgf"vq"qwt"Eqorcp{"rwtuwcpv"vq"cp"citggogpv"hqt"ucng"qh"dwukpguu"fcvgf"Crtil 1, 2006. For further details, see “Jkuvqt{"cpf"Egtvckp"Eqtrqtcvg"Ocvvgtu” on page 3480""

*34+" Cnnqvogpv"qh"326.387"Gswkv{"Ujctgu"vq"L0O0"Hkpcpekcn"Kpxguvogpv"Ocpcigtu"Nkokvgf""

*35" Cnnqvogpv"qh"56.947"Gswkv{"Ujctgu"vq"L0O0"Hkpcpekcn"Kpxguvogpv"Ocpcigtu"Nkokvgf"*36+" Cnnqvogpv"qh"393.8:4"Gswkv{"Ujctgu"vq"L0O0"Hkpcpekcn"Vtwuvgg"Eqorcp{"Rtkxcvg"Nkokvgf"rwtuwcpv"vq"eqpxgtukqp"qh"37.222.222"Rtghgtgpeg"

Ujctgu"*37+" Cnnqvogpv"qh"377.4;;"Gswkv{"Ujctgu"vq"JGR"Ocwtkvkwu"Nkokvgf"*38+" Cnnqvogpv"qh":.9:8"Gswkv{"Ujctgu"vq"Oc{hkgnf"HXEK."Nvf0."42.778"Gswkv{"Ujctgu"vq"Ugswqkc"Ecrkvcn"Kpfkc"Itqyvj"Kpxguvogpvu"K."3.726"vq"

UXD"Ecrkvcn"Rctvpgtu"K"N0R0"(“UXD”)."35.78;"vq"JGR"Ocwtkvkwu"Nkokvgf"cpf"3.262"vq"KER"Jqnfkpiu"K0"*39+" Cnnqvogpv"qh"3"Gswkv{"Ujctg"vq"Dgppgvv."Eqngocp"("Eqorcp{"Nkokvgf"(“DEEN”)"*3:+" Cnnqvogpv"qh"35;.833"Gswkv{"Ujctgu"vq"Ot0"Ucplc{"Mcrqqt."5.622"Gswkv{"Ujctgu"vq"Rtcpcx"Cpucn"("Uqp"JWH"*vjtqwij"kvu"mctvc."Ot0"

Rtcpcx"Cpucn+."5.5;;"Gswkv{"Ujctgu"vq"Ou0"Mwuwo"Cpucn."5.5;;"Gswkv{"Ujctgu"vq"Ou0"Ujggvcn"Cpucn."54.275"Gswkv{"Ujctgu"vq"Oc{hkgnf"HXEK."Nvf0."96.;;4"Gswkv{"Ujctgu" vq"Ugswqkc"Ecrkvcn" Kpfkc"Itqyvj" Kpxguvogpv"Jqnfkpiu" K."6;.738"Gswkv{"Ujctgu"vq"JGR"Ocwtkvkwu"Nkokvgf"cpf";.4:2"Gswkv{"Ujctgu"vq"KER"Jqnfkpiu"K"

*3;+" Cnnqvogpv"qh";4"Gswkv{"Ujctgu"vq"Ugswqkc"Ecrkvcn"Kpfkc"Itqyvj"Kpxguvogpv"Jqnfkpiu"K."5:"Gswkv{"Ujctgu"vq"Oc{hkgnf"HXEK."Nvf0"cpf"32"Gswkv{"Ujctgu"vq"KER"Jqnfkpiu"K"

*42+" Cnnqvogpv"qh"9.528"Gswkv{"Ujctgu"vq"Ot0"Ucplc{"Mcrqqt""*43+"" Cnnqvogpv"qh"5.692"Gswkv{"Ujctgu"vq"Oc{hkgnf"HXEK."Nvf0."8.869"Gswkv{"Ujctgu"vq"Ugswqkc"Ecrkvcn"Kpfkc"Itqyvj"Kpxguvogpvu"K."7.582"

Gswkv{"Ujctgu"vq"JGR"Ocwtkvkwu"Nkokvgf."3.227"Gswkv{"Ujctgu"vq"KER"Jqnfkpiu"K."659"Gswkv{"Ujctgu"vq"Rtcpcx"Cpucn"("Uqp"JWH"*vjtqwij"kvu"mctvc."Ot0"Rtcpcx"Cpucn+."659"Gswkv{"Ujctgu"vq"Ou0"Mwuwo"Cpucn."659"vq"Ou0"Ujggvcn"Cpucn."43;"Gswkv{"Ujctgu"vq"Ot0"Clc{"Ocfcp"cpf"3.694"Gswkv{"Ujctgu"vq"Ugswqkc"Ecrkvcn"Kpfkc"Itqyvj"Kpxguvogpv"Jqnfkpiu"K""

*44+" Cnnqvvogpv"qh"5.545.326"Gswkv{"Ujctgu"vq"Ot0"Ucplc{"Mcrqqt."62"Gswkv{"Ujctgu"vq"Ot0"L{qvk"Oqjcp"Pctwnc."943.:62"Gswkv{"Ujctgu"vq"Oc{hkgnf"HXEK."Nvf0."3.5:4.858"Gswkv{"Ujctgu"vq"Ugswqkc"Ecrkvcn"Kpfkc"Itqyvj"Kpxguvogpvu"K."3.336.:8:"Gswkv{"Ujctgu"vq"JGR"Ocwtkvkwu"Nkokvgf."42:.;::"vq"KER"Jqnfkpiu"K."6"Gswkv{"Ujctgu"vq"DEEN.";2.:::"Gswkv{"Ujctgu"vq"Rtcpcx"Cpucn"("Uqp"JWH"*vjtqwij"kvu"mctvc."Ot0"Rtcpcx"Cpucn+.";2.::6"Gswkv{"Ujctgu"vq"Ou0"Mwuwo"Cpucn.";2.::6"Gswkv{"Ujctgu"vq"Ou0"Ujggvcn"Cpucn.":62.3;8"vq"Ucplc{"Mcrqqt"Vtwuv"*vjtqwij"kvu" vtwuvgg."Ot0"Ucplc{"Mcrqqt+."528.446"Gswkv{"Ujctgu" vq"Ugswqkc"Ecrkvcn"Kpfkc"Itqyvj"Kpxguvogpv"Jqnfkpiu"K."38:.8::"vq"Ugokpct{"Vkg/Wr"Rtkxcvg"Nkokvgf"cpf"67.734"Gswkv{"Ujctgu"vq"Ot0"Clc{"Ocfcp"

*45+"Cnnqvogpv"qh"34:.577"Gswkv{"Ujctgu"vq"DEEN""

*d+ Jkuvqt{"qh"rtghgtgpeg"ujctg"ecrkvcn"qh"qwt"Eqorcp{""

Fcvg"qh"

cnnqvogpv"

Pwodgt"qh"

Rtghgtgpeg"

Ujctgu"

Hceg"

xcnwg"

*`+"

Kuuwg"

rtkeg"

*`+"

Pcvwtg"qh"

eqpukfgtcvkqp"

Tgcuqpu"hqt1"

Pcvwtg"qh"

cnnqvogpv"

Ewowncvkxg"

pwodgt"qh"

rtghgtgpeg"ujctgu"

Ewowncvkxg"rckf/wr"

Rtghgtgpeg"Ujctg"

capital (₹)"

Fgegodgt"49."4228"

32.222.222" 32" 32" Ecuj" Hwtvjgt"kuuwg*3+"

32.222.222" 322.222.222"

Octej" :."4229"

7.222.222" 32" 32" Ecuj" Hwtvjgt"kuuwg"*4+"

37.222.222" 372.222.222"

Lwn{" 47."4229"

15,000,000 preference shares of ₹ 10 each of our Compap{"ygtg"eqpxgtvgf"kpvq"393.8:4"Gswkv{"Ujctgu"cpf"vjg"cwvjqtk|gf"ujctg"ecrkvcn"qh"qwt"Eqorcp{"ycu" tgencuukhkgf" vq"`"387.222.222"fkxkfgf" kpvq"38.722.222"Gswkv{"Ujctgu0"For further details, see “–"Jkuvqt{"qh"Gswkv{"Ujctg"Ecrkvcn"qh"qwt"Eqorcp{” on page 8:0"

Oc{" 44."422:"

Increase in the authorized share capital of our Compny by the creation of 300,005 preference shares of ₹ 1,000 gcej0"Hqt"hwtvjgt"fgvcknu."ugg"“–"Jkuvqt{"qh"Gswkv{"Ujctg"Ecrkvcn"qh"qwt"Eqorcp{” on page 68."

Lwpg" 35."422:"

522.222" 3.222" 3.222" Ecuj" Hwtvjgt"Kuuwg"

*5+"522.222" 522.222.222"

Cwiwuv"48."4235"

522.222"Series A CCPS were converted into 140 Equity Shares. For further details, see “–"Jkuvqt{"qh"Gswkv{"Ujctg"Ecrkvcn"qh"qwt"Eqorcp{” on page 8:0"

Tg/encuukhkecvkqp"qh" vjg" cwvjqtkugf"rtghgtgpeg" ujctg"ecrkvcn" qh" 522.227.222"eqortkukpi"qh" 522.227" Ugtkgu/C"EERU" kpvq"Gswkv{" Ujctgu"d{" etgcvkpi" cwvjqtkugf" gswkv{" ujctg" ecrkvcn" qh" ₹ 522.227.222" fkxkfgf" kpvq" 52.222.722" Gswkv{" Ujctgu" qp"Ugrvgodgt"43."42370"

*3+ Cnnqvogpv"qh"32.222.222"rtghgtgpeg"ujctgu"vq"L0O0"Hkpcpekcn"Vtwuvgg"Eqorcp{"Rtkxcvg"Nkokvgf"*4+ Cnnqvogpv"qh"7.222.222"rtghgtgpeg"ujctgu"vq"L0O0"Hkpcpekcn"Vtwuvgg"Eqorcp{"Rtkxcvg"Nkokvgf"*5+ Cnnqvogpv"qh"3;8.586"Ugtkgu/C"EERU"vq"Ugswqkc"Ecrkvcn"Kpxguvogpv"Kpfkc"Itqyvj"Kpxguvogpv"Jqnfkpiu"K."43.:3:"Ugtkgu/C"EERU"vq"UXD"

Kpfkc"Ecrkvcn"Rctvpgtu"K"N0R0"cpf":3.:3:"Ugtkgu/C"EERU"vq"Oc{hkgnf"HXEK."Nvf0""

40 Gswkv{"Ujctgu"kuuwgf"hqt"eqpukfgtcvkqp"qvjgt"vjcp"ecuj""

"Gzegrv"cu"fgvckngf"dgnqy."pq"Gswkv{"Ujctgu"jcxg"dggp"kuuwgf"hqt"eqpukfgtcvkqp"qvjgt"vjcp"ecuj0"

"

93"

"Fcvg"qh"

cnnqvogpv"

Pwodgt"qh"

gswkv{"

ujctgu"

Hceg"

xcnwg"

*`+"

Kuuwg"rtkeg"

*`+"

Tgcuqpu"hqt"

cnnqvogpv"

Dgpghkvu"ceetwgf"vq"vjg"Eqorcp{"

Crtkn"3."4228" 3:.3:4" 32" 882" Hwtvjgt"kuuwg" Cnnqvogpv"qh"3:.3:4"Gswkv{"Ujctgu"vq"Igpguku"Qxgtugcu" Rtkxcvg" Nkokvgf" cu" rwtejcug"eqpukfgtcvkqp"hqt"vjg"vtcpuhgt"qh"vjg"dwukpguu"qh"Igpguku" Qxgtugcu" Rtkxcvg" Nkokvgf" vq" qwt"Eqorcp{"rwtuwcpv"vq"cp"citggogpv"hqt"ucng"qh"dwukpguu" fcvgf" Crtkn" 3." 42280" Hqt" hwtvjgt"details, see “Jkuvqt{"cpf"Egtvckp"Eqtrqtcvg"Ocvvgtu” on page 3480"

Lwn{"47."4229" 393.8:4" 32" :95092" Eqpxgtukqp" qh"37.222.222"Rtghgtgpeg"Ujctgu""

Cnnqvogpv" qh" 393.8:4" Gswkv{" Ujctgu" wrqp"eqpxgtukqp" qh" 37.222.222" rtghgtgpeg" ujctgu"of ₹ 10 each of our Company that were issued vq" L0O0" Hkpcpekcn" Vtwuvgg" Eqorcp{" Rtkxcvg"Nkokvgf"rwtuwcpv"vq"c"ujctg"uwduetkrvkqp"ewo"ujctgjqnfgtu"citggogpv"fcvgf"Crtkn"3;."4228"gpvgtgf"kpvq"dgvyggp"qwt"Eqorcp{"cpf"L0O0"Hkpcpekcn" Kpxguvogpv"Ocpcigtu"Nkokvgf" cpf"vjg"ngvvgt"citggogpv"fcvgf"Fgegodgt"37."4228"coqpiuv"uwej"rctvkgu"cpf"LO"Hkpcpekcn"Hwpf"

Cwiwuv" 48."4235"

362" 32" 4.364.:79036" Eqpxgtukqp"qh"522.222"Ugtkgu/C"EERU""

Cnnqvogpv" qh" ;4" Gswkv{" Ujctgu" vq" Ugswqkc"Ecrkvcn"Kpfkc"Itqyvj"Kpxguvogpv"Jqnfkpiu"K."5:"Gswkv{"Ujctgu"vq"Oc{hkgnf"HXEK."Nvf0"cpf"32" Gswkv{" Ujctgu" vq" KER" Jqnfkpiu" K." wrqp"eqpxgtukqp" qh" 522.222" Ugtkgu/C" EERU" jgnf"d{"vjgo"rwtuwcpv"vq"vjg"UUUJC"

"Hwtvjgt."qwt"Eqorcp{"jcu"kuuwgf"dqpwu"ujctgu"qp"Fgegodgt"43."4232"cpf"Ugrvgodgt"36."42380"Hqt"hwtvjgt"fgvcknu."see “Pqvgu"vq"Ecrkvcn"Uvtwevwtg"–"Ujctg"Ecrkvcn"Jkuvqt{”"qp"rcig"8:0""50 Kuuwg"qh"Gswkv{"Ujctgu"kp"vjg"ncuv"qpg"{gct"

"

Gzegrv"cu"ugv"hqtvj"dgnqy"qwt"Eqorcp{"jcu"pqv"kuuwgf"Gswkv{"Ujctgu"kp"qpg"{gct"koogfkcvgn{"rtgegfkpi"vjg"fcvg"qh"vjku"Ftchv"Tgf"Jgttkpi"Rtqurgevwu0"""

Fcvg"qh"

cnnqvogpv"

Pwodgt"

qh"Gswkv{"

Ujctgu"

kuuwgf"

Hceg"

xcnwg"

(₹)"

Kuuwg"

rtkeg"

(₹)"

Pcogu"qh"cnnqvggu" Tgcuqpu"

hqt"

cnnqvogpv"

Octej"3."4238" 3;.6:6" 32" 32" Cnnqvogpv"qh"5.692"Gswkv{"Ujctgu"vq"Oc{hkgnf"HXEK."Nvf0." 8.869" Gswkv{" Ujctgu" vq" Ugswqkc" Kpfkc"Itqyvj"Kpxguvogpvu"K."7.582"Gswkv{"Ujctgu"vq"JGR"Ocwtkvkwu"Nkokvgf."3.227"Gswkv{"Ujctgu"vq"KER"Jqnfkpiu"K."659"Gswkv{" Ujctgu" vq" Rtcpcx" Cpucn." kp" vjg" ecrcekv{" qh"‘karta’" qh" Rtcpcx" Cpucn" (" Uqp" JWH." 659" Gswkv{"Ujctgu"vq"Ou0"Mwuwo"Cpucn."659"Gswkv{"Ujctgu"vq"Ou0"Ujggvcn"Cpucn."3.694"Gswkv{"Ujctgu" vq"Ugswqkc"Kpfkc"Itqyvj"Kpxguvogpv"Jqnfkpiu"K"cpf"43;"Gswkv{"Ujctgu"vq"Ot0"Clc{"Ocfcp"

Tkijvu"kuuwg"

Ugrvgodgt"36."4238"

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Crtkn"47."4227" Vjg" cfftguu" qh" vjg" tgikuvgtgf"qhhkeg" qh" qwt" Eqorcp{"ycu"ejcpigf"htqo"3C/4."Vcl"Crctvogpv."Tcq"Vwnc"Tco"Octi."Pgy"Fgnjk/"332244"vq"4C/3."Vcl"Crctvogpv."Tcq"Vwnc"Tco"Octi."Pgy"Fgnjk/"332244"

Cfokpkuvtcvkxg" eqpxgpkgpeg" cpf"geqpqoke"tgcuqpu"

Pqxgodgt"37."4227" Vjg" cfftguu" qh" vjg" tgikuvgtgf"qhhkeg" qh" qwt" Eqorcp{"ycu"ejcpigf"htqo"4C/3."Vcl"Crctvogpv."Tcq"Vwnc"Tco"Octi." Pgy" Fgnjk" 332" 244." Fgnjk" vq" 5C/3." Tcq" Vwnc"Tco"Octi."Pgy"Fgnjk"332"244."Fgnjk0"

Cfokpkuvtcvkxg" eqpxgpkgpeg" cpf"geqpqoke"tgcuqp"

Octej"35."4237" Vjg" cfftguu" qh" vjg" tgikuvgtgf"qhhkeg" qh" qwt" Eqorcp{"ycu"ejcpigf"htqo"5C/3."Vcl"Crctvogpv."Tcq"Vwnc"Tco"Octi." Pgy" Fgnjk" 332" 244." Fgnjk" vq" 73/74." Wf{qi"Xkjct."Rjcug"–"KX."Iwticqp."344"223."Jct{cpc0"

Cfokpkuvtcvkxg" eqpxgpkgpeg" cpf"geqpqoke"tgcuqpu"

"

Qwt"ockp"qdlgevu""

"

Vjg"ockp"qdlgevu"qh"qwt"Eqorcp{"cu"eqpvckpgf"kp"qwt"Ogoqtcpfwo"qh"Cuuqekcvkqp"ctg<""30 Vq" ectt{" qp" vjg"dwukpguu" qh" tgvckngtu."ocpwhcevwtgtu."rtqfwegtu."rtqeguuqtu." korqtvgtu." gzrqtvgtu."dw{gtu."

ugnngtu." fgcngtu." uvqemkuvu." uwrrnkgtu." yjqngucngtu." lqddgtu." eqpvtcevqtu." tgrcktgtu0" Fgukipgtu." hcdtkecvqtu."cuugodngtu."uvqtgu."yctgjqwugu."f{gtu."dngcejgtu"cpf"fkuvtkdwvqtu"qh"cnn"mkpfu"qh"itc{"enqvj"hcdtkeu"cpf"vgzvkngu"rtgrctgf"htqo"p{nqp."rqn{guvgt."cet{nkeu."tc{qp."uknm."nkpgp."eqvvqp."yqqn."lwvg."ngcvjgt"iqqfu."ugtxgt."vkgu."dgnvu"ngcvjgt"cpf"cp{"qvjgt"u{pvjgvke."ctvkhkekcn"cpf"pcvwtcn"hkdgtu"kpenwfkpi"vjgkt"dngpfu"cpf"cnn"v{rgu"qh"tgcf{ocfg"ictogpvu" hqt"ogp." yqogp" cpf" ejknftgp" kpenwfkpi" urqtvuygct." cevkxg" ygctu." fckn{" ygctu." hcujkqp" ygctu."weaving apparels, underwear’s, and to participate in local, national and international trade fairs, sales gzjkdkvkqp."ugokpctu."hcujkqp"ujqyu"qt"cp{"qvjgt"ucngu"rtqoqvkqp"cevkxkvkgu0"

40 Vq"ectt{"qp"vjg"dwukpguu"qh"enqvj."eqvvqp"cpf"yqqn"urkppgtu"cpf"fqwdngu."hngz."jgor."cpf"lwvg"urkppgtu."nkpgpu."yqqnngp"cpf"eqvvqp"enqvj"ocpwhcevwtgtu."rtqfwegtu."rtqeguuqtu."korqtvgtu."gzrqtvgtu."dw{gtu."ugnngtu."fgcngtu."uvqemkuvu." uwrrnkgtu." yjqngucngtu." lqddgtu." eqpvtcevqtu." tgrcktgtu." fgukipgtu." hcdtkecvqtu." cuugodngtu." uvqtgu."

"

349"

yctgjqwugu."f{gtu."dngcejgtu" cpf"fkuvtkdwvqtu" kpenwfkpi" yqqn"eqodgtu."yqtuvgf"urkppgtu." {ctp"ogtejcpvu."dngcejgtu"cpf"f{gtu0"

50 Vq"ygcxg"cpf"qvjgtykug"ocpwhcevwtg."dw{." ugnn." korqtv." gzrqtv"cpf"fgcn" kp"cnn"mkpfu"qh"enqvj." tgcf{ocfg"ictogpvu"cpf"crrctgnu"cpf"qvjgt"iqqfu"cpf"hcdtkeu."yjgvjgt"vgzvkng."hgnvgf."pgvvgf"qt"nqqrgf0"

60 Vq"ectt{"qp" vjg"dwukpguu"qh"ocpwhcevwtgtu." korqtvgtu"cpf"gzrqtvgtu0"Yjqngucng"cpf"tgvckn"fgcngtu"qh"ogp."yqogp"cpf"ejknftgp"enqvjkpi"ocfg"qh"cp{"ocvgtkcn"ctvkhkekcn."u{pvjgvke."ocpocfg"qt"pcvwtcn"qt"cp{"dngpfu"vjgtgqh."cpf"ygctkpi"crrctgn"cpf"ceeguuqtkgu"qh"gxgt{"mkpf."pcvwtg"cpf"fguetkrvkqp0"

70 Vq"korqtv"vgejpqnqi{"tgncvkpi"vq"vjg"kvgou"cu"tghgttgf"vq"kp"*3+"cdqxg0"

80 Vq"ectt{"qp"vjg"dwukpguu"qh"korqtv"qh"cnn"v{rgu"qh"ogtejcpfkug."ocejkpgt{"gswkrogpvu"cpf"ctvkengu."yjgvjgt"kp" hqto" qh"ocpwhcevwtgf" qt" qvjgtykug" qt" vjg" kvgou" vjcv"oc{"dg" cnnqygf" hqt" korqtv" wpfgt" xctkqwu" gzrqtv"rtqoqvkqp"uejgogu"rtgxcngpv"htqo"vkog"vq"vkog"cpf"fkurqug"qh"qt"fgcn"ykvj"vjgo"cpf"vjg"korqtv"gpvkvngogpvu"qt"nkegpugu"cu"rgt"vjg"twngu"cpf"tgiwncvkqpu"qh"vjg"korqtv"cpf"gzrqtv"rtqoqvkqp"uejgogu"vjcv"oc{"dg"kp"hqteg"htqo"vkog"vq"vkog0"

90 Vq"ectt{"qp"cnn"qt"cp{"qh"vjg"dwukpguu"qh"fgcngtu"cpf"ocpwhcevwtgtu"qh"cnn"mkpfu"qh"ectrgvu."fwttkgu."ocvu."twiu."pcofcu."dncpmgvu."ujcynu."vyggfu."nkpgpu."hncppgnu"cpf"cnn"qvjgt"ctvkengu"qh"yqqngp"cpf"yqtuvgf"ocvgtkcnu"cpf"qh"cnn"ctvkengu"ukoknct"vq"vjg"hqtgiqkpi"qt"cp{"qh"vjgo"qt"eqppgevgf"jgtgykvj0"

:0 Vq"fgcn."dw{."ugnn."korqtv."gzrqtv."rtqfweg."rtqeguu."fgukip."kortqxg."cnvgt."ocpwhcevwtg."hkpkuj."cnn"mkpfu"qh"fabrics, hosiery items, knitwear’s, handicraft items, fibers, fibrous materials, yarn, thread, wastes and"d{/rtqfwevu"ocfg"htqo"cp{"pcvwtcn."cpkocn."ocpocfg"qt"u{pvjgvke"{ctpu"yjcvuqgxgt"cpf"cnn"ctvkengu"ocfg"vjgtg"htqo0"

;0 Vq"rtqxkfg"vgejpkecn"eqpuwnvcpe{."octmgvkpi."lqd"yqtm"cpf"qvjgt"ugtxkegu"kp"Kpfkc"cpf"cdtqcf"kp"eqppgevkqp"ykvj"vjg"dwukpguugu"tghgttgf"vq"kp"uwd/encwug"KKK"C*3+"vq"*;+"cdqxg0"

320 Vq" ectt{" qp" vjg" dwukpguu" qh" dw{kpi." ugnnkpi." fkuvtkdwvkpi."octmgvkpi." vtcfkpi." korqtvkpi." gzrqtvkpi" cpf"qvjgtykug"fgcnkpi" kp"dgcwv{"rtqfwevu"qh" gxgt{"fguetkrvkqp" cpf"mkpf" kpenwfkpi"equogvkeu."eqnqt"equogvkeu."ocmgwr"rtqfwevu"kpenwfkpi"hqt"g{gu."hceg."umkp."umkp"ectg"rtqfwevu."dqf{"ectg"rtqfwevu."jckt"ectg"rtqfwevu."pckn"rtqfwevu."htcitcpeg"cpf"qvjgt"tgncvgf"rtqfwevu0"

330 Vq"ectt{"qp"vjg"dwukpguu"qh"dw{kpi."ugnnkpi."fkuvtkdwvkpi."octmgvkpi."vtcfkpi."korqtvkpi."gzrqtvkpi"cpf"qvjgt"fgcnkpi"kp"jqog"rtqfwevu"qh"gxgt{"fguetkrvkqp"cpf"mkpf"kpenwfkpi"dgf/ujggvu."ewujkqp"eqxgtu."vcdng"enqvju."pcrmkpu." vqygnu."swknvu." ecpfngu." ugtxkpi"rncvvgtu." xcugu." fgeqtcvkxg" kvgou." ncpvgtpu." incuu" yctg."dct" yctg."et{uvcn"yctg."vcdng"yctg."rqtegnckp"yctg."mkvejgp"yctg."jqog"cpf"mkvejgp"ceeguuqtkgu"cpf"ewvngt{"cu"ygnn"cu"qvjgt"ceeguuqtkgu"cpf"ikhv"kvgou"cpf"qvjgt"tgncvgf"rtqfwevu"hqt"jqog"wucig0"

Vjg"ockp"qdlgevu"encwug"cu"eqpvckpgf"kp"vjg"Ogoqtcpfwo"qh"Cuuqekcvkqp"gpcdng"qwt"Eqorcp{"vq"wpfgtvcmg"kvu"gzkuvkpi"cevkxkvkgu0""

Cogpfogpvu"vq"qwt"Ogoqtcpfwo"qh"Cuuqekcvkqp""

"

Ukpeg" vjg" kpeqtrqtcvkqp" qh" qwt" Eqorcp{" vjg" hqnnqykpi" ejcpigu" jcxg" dggp" ocfg" vq" qwt" Ogoqtcpfwo" qh"Cuuqekcvkqp<"""

Fcvg"qh"ejcpig1"

shareholders’

tguqnwvkqp"

Pcvwtg"qh"cogpfogpv""

"

Cwiwuv"34."3;;;" Vjg" cwvjqtk|gf" ujctg"ecrkvcn" qh"qwt"Eqorcp{" ycu" kpetgcugf" htqo" `" 4.222.222"fkxkfgf" kpvq"422.222"Gswkv{"Ujctgu"gcej"vq"`"7.222.222"fkxkfgf"kpvq"722.222"Gswkv{"Ujctgu0""

Pqxgodgt"47."4224" Vjg" cwvjqtk|gf" ujctg"ecrkvcn" qh"qwt"Eqorcp{" ycu" kpetgcugf" htqo" `" 7.222.222"fkxkfgf" kpvq"722.222"Gswkv{"Ujctgu"vq"`"32.222.222"fkxkfgf"kpvq"3.222.222"Gswkv{"Ujctgu0"

Qevqdgt"4:."4227" Vjg"cwvjqtk|gf"ujctg"ecrkvcn"qh"qwt"Eqorcp{"ycu"kpetgcugf"htqo"`"32.222.222"fkxkfgf"kpvq"3.222.222"Gswkv{"Ujctgu"vq"`"37.222.222"fkxkfgf"kpvq"3.722.222"Gswkv{"Ujctgu0""

"

34:"

Fcvg"qh"ejcpig1"

shareholders’

tguqnwvkqp"

Pcvwtg"qh"cogpfogpv""

"

Crtkn"47."4228" Vjg"cwvjqtk|gf"ujctg"ecrkvcn"qh"qwt"Eqorcp{"ycu"kpetgcugf"cpf"tgencuukhkgf"htqo"`"37.222.222"fkxkfgf"kpvq"3.722.222"Gswkv{"Ujctgu"vq"`"387.222.222"fkxkfgf"kpvq"3.722.222"Gswkv{"Ujctgu"cpf"37.222.222"rtghgtgpeg"ujctgu"qh"`"32"gcej0""

Lwn{"47."4229"" The authorized share capital of our Company was reclassified from ₹ 165,000,000 divided into 3.722.222" Gswkv{" Ujctgu" cpf" 37.222.222"rtghgtgpeg" ujctgu" qh" `" 32" gcej" vq" `" 387.222.222"fkxkfgf"kpvq"38.722.222"Gswkv{"Ujctgu0"

Oc{"44."422:" Vjg" cwvjqtk|gf" ujctg" ecrkvcn" qh" qwt" Eqorcp{" ycu" kpetgcugf" cpf" tgencuukhkgf" htqo" `"387.222.222"fkxkfgf"kpvq"38.722.222"Gswkv{"Ujctgu"vq"`"687.227.222"fkxkfgf"kpvq"38.722.222"Gswkv{"Ujctgu"cpf"522.227"Ugtkgu/C"EERU0"

Ugrvgodgt"52."422:" Cnvgtcvkqp"qh"Encwug"KKK"*D+"qh"vjg"Ogoqtcpfwo"qh"Cuuqekcvkqp."d{"cffkpi"vjg"hqnnqykpi"pgy"encwugu"cu"KKK*D+57"cpf"KKK*D+58<""$570""Vq"ectt{"qpv"vjg"dwukpguu"cu"vtcfgtu."rwtejcugtu"cpf"ugnngtu"qh"cnn"mkpfu"qh"eqphgevkqpgt{."ejqeqncvgu."equogvkeu."lgygnt{."ujqgu."dciu."ceeguuqtkgu"cpf"twppkpi"qh"uocnn"echgu"rctcnngn"vq"the line of its main business as may be conveniently combined.”""“580"Vq"ectt{"qp"kp"Kpfkc"qt"gnugyjgtg"vjg"dwukpguu"qh"qticpk|kpi"cpf"ocpcikpi"gxgpvu."ujqyu."rwdnke" tgncvkqp." rtqfwev" ncwpej" cpf" vq" rtqxkfg" rtqoqvkqpcn" tgswkukvgu" qh" gxgt{" mkpf" cpf"description.”"""

Cwiwuv"53."422;" Cnvgtcvkqp"qh"Encwug"KKK"*E+"qh"vjg"Ogoqtcpfwo"qh"Cuuqekcvkqp."d{"cffkpi"vjg"hqnnqykpi"pgy"encwugu"cu"KKK*E+76"cpf"KKK*E+77<"""$760"Vq"ectt{"qp"vjg"dwukpguu"cu"vtcfgtu."rwtejcugtu"cpf"ugnngtu"qh"cnn"mkpfu"qh"eqphgevkqpgt{."ejqeqncvgu."equogvkeu."lgygnt{."ujqgu."dciu."ceeguuqtkgu"cpf"twppkpi"qh"uocnn"echgu"rctcnngn"vq"the line of its main business as may be conveniently combined.”""“55. To carry on in India or elsewhere the business"qh"qticpk|kpi"cpf"ocpcikpi"gxgpvu."ujqyu."rwdnke" tgncvkqp." rtqfwev" ncwpej" cpf" vq" rtqxkfg" rtqoqvkqpcn" tgswkukvgu" qh" gxgt{" mkpf" cpf"description.”""

Crtkn"47."4235" The authorised share capital of our Company was increased from ₹ 465,005,000 divided into 38.722.222" Gswkv{" Ujctgu" cpf" 522.227" Ugtkgu/C" EERU" vq" ` 762.227.222" fkxkfgf" kpvq"46.222.222"Gswkv{"Ujctgu"cpf"522.227"Ugtkgu/C"EERU0"

Fgegodgt"3."4234," Kpetgcug"kp"gswkv{"ujctg"ecrkvcn"htqo"₹"762.227.222"fkxkfgf"kpvq"46.222.222"Gswkv{"Ujctgu"cpf"522.227"Ugtkgu/C"EERU"vq"₹"762.327.222"fkxkfgf"kpvq"46.232.222"Gswkv{"Ujctgu"cpf"522.227"Ugtkgu/C"EERU""

Fgegodgt"4."4236" Cnvgtcvkqp"qh"encwug"KK"qh"vjg"Ogoqtcpfwo"qh"Cuuqekcvkqp."vq"cnnqy"ejcpig"kp"vjg"tgikuvgtgf"qhhkeg"vq"tgcf"cu"hqnnqyu<""“KK0"Vjg"Tgikuvgtgf"qhhkeg"qh"vjg"Eqorcp{"yknn"dg"ukvwcvgf"kp"vjg"uvcvg"qh"Jct{cpc0”"

Lwpg"4;."4237" Cnvgtcvkqp"qh" vjg"jgcfkpi"crrgctkpi"kp"vjg"Ogoqtcpfwo"qh"Cuuqekcvkqp"qh"qwt"Eqorcp{"d{"uwduvkvwvkpi"ykvj"vjg"hqnnqykpi"jgcfkpi<""“*VJG" EQORCPKGU" CEV." 3;78+" CPF" *VJG" EQORCPKGU" CEV." 4235" VQ" VJG" GZVGPV"CRRNKECDNG+”"

Cnvgtcvkqp"qh"encwug"KKK*C+"qh"vjg"ockp"qdlgevu"qh"vjg"Ogoqtcpfwo"qh"Cuuqekcvkqp"d{"cffkpi"vjg"hqnnqykpi"pgy"encwugu"cu"KKK*C+32"cpf"KKK*C+33<""“320"Vq"ectt{"qp"vjg"dwukpguu"qh"dw{kpi."ugnnkpi."fkuvtkdwvkpi."octmgvkpi."vtcfkpi."korqtvkpi."gzrqtvkpi"cpf"qvjgtykug"fgcnkpi"kp"dgcwv{"rtqfwevu"qh"gxgt{"fguetkrvkqp"cpf"mkpf"kpenwfkpi"equogvkeu."eqnqt"equogvkeu."ocmgwr"rtqfwevu"kpenwfkpi"hqt"g{gu."hceg."umkp."umkp"ectg"rtqfwevu."dqf{"ectg"rtqfwevu."jckt"ectg"rtqfwevu."pckn"rtqfwevu."htcitcpeg"cpf"qvjgt"tgncvgf"rtqfwevu""330"Vq"ectt{"qp" vjg"dwukpguu"qh"dw{kpi." ugnnkpi."fkuvtkdwvkpi."octmgvkpi." vtcfkpi." korqtvkpi."gzrqtvkpi"cpf"qvjgt"fgcnkpi" kp"jqog"rtqfwevu"qh"gxgt{"fguetkrvkqp"cpf"mkpf" kpenwfkpi"dgf/ujggvu."ewujkqp"eqxgtu." vcdng"enqvju."pcrmkpu." vqygnu."swknvu."ecpfngu."ugtxkpi"rncvvgtu."xcugu."fgeqtcvkxg" kvgou." ncpvgtpu."incuu"yctg."dct"yctg."et{uvcn"yctg." vcdng"yctg."rqtegnckp"yctg."

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34;"

Fcvg"qh"ejcpig1"

shareholders’

tguqnwvkqp"

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mkvejgp"yctg."jqog"cpf"mkvejgp"ceeguuqtkgu"cpf"ewvngt{"cu"ygnn"cu"qvjgt"ceeguuqtkgu"cpf"ikhv"kvgou"cpf"qvjgt"tgncvgf"rtqfwevu"hqt"jqog"wucig0”""

Uwduvkvwvkqp" qh" vjg" uwd/heading “QDLGEVU" KPEKFGPVCN" QT" CPEKNNCT[" VQ" VJG"CVVCKPOGPV"QH"VJG"OCKP"QDLGEVU” of clause III(B+"qh"vjg"Ogoqtcpfwo"qh"Cuuqekcvkqp"by “OCVVGTU" YJKEJ" CTG" PGEGUUCT[" HQT" HWTVJGTCPEG" QH" VJG" QDLGEVU"URGEKHKGF"KP"ENCWUG"KKK"*C+”""Encwugu" KKK*D+38" cpf" KKK*D+39" qh" vjg" Ogoqtcpfwo" qh" Cuuqekcvkqp" ygtg" tgrncegf" d{" vjg"hqnnqykpi"encwugu<""“380Uwdlgev" vq" vjg"rtqxkukqpu"qh"Ugevkqp"89"qh"vjg"Eqorcpkgu"Cev."4235"vq"kpxguv"qvjgt" vjcp"investment in company’s own shares, any money of the Company, not immediately required in cp{"kpxguvogpvu"oqxcdng"qt"kooqxcdng"cu"oc{"dg"vjqwijv"rtqrgt"cpf"jqnf"uwej"kpxguvogpvu0""390"Uwdlgev" vq" Ugevkqp" 95." 96." 97." 98." 39;." 3:2." 3:7" qh" vjg" Eqorcpkgu" Cev." 4235" cpf" vjg"Tgiwncvkqpu"ocfg"vjgtgwpfgt"cpf"vjg"fktgevkqpu" kuuwgf"d{"Tgugtxg"Dcpm"qh" Kpfkc" vq"tgegkxg"oqpg{"qp"fgrqukv"qt"nqcp"cpf"dqttqy"qt"tckug"oqpg{"kp"uwej"ocppgt"cu"vjg"Eqorcp{"ujcnn"vjkpm"hkv"cpf"kp"rctvkewnct"d{"vjg"kuuwg"qh"fgdgpvwtgu"qt"fgdgpvwtg/uvqem"*rgtrgvwcn"qt"qvjgtykug+"cpf"vq"ugewtg"vjg"rc{ogpv"qh"cp{"oqpg{"dqttqygf."tckugf"qt"qykpi"d{"oqtvicig."ejctig"qt"nkgp" wrqp" cnn" qt" cp{" qh" vjg" rtqrgtvkgu" qt" cuugvu" qh" vjg" Eqorcp{" *dqvj" rtgugpv" qt" hwvwtg+"kpenwfkpi" kvu" wpecnngf" ecrkvcn" cpf" cnuq" d{" ukoknct" oqtvicig." ejctig" qt" nkgp" vq" ugewtg" cpf"iwctcpvgg"vjg"rgthqtocpeg"d{"vjg"Eqorcp{."qt"uwej"qvjgt"rgtuqp"qt"Eqorcp{"qh"cp{"qh"kvu"qdnkicvkqpu"wpfgtvcmgp"d{"vjg"Eqorcp{0”""Vjg"encwug"KKK*E) on “QVJGT"QDLGEVU” was deleted and the sub/encwugu"3"vq"77"*gzegrv"uwd/clauses no. 47, 48 & 52) were shifted to the new clause III(B) on “OCVVGTU"YJKEJ"CTG"PGEGUUCT["HQT"HWTVJGTCPEG"QH"VJG"QDLGEVU"URGEKHKGF"KP"ENCWUG"KKK*C+” vide etgcvkqp"qh"pgy"uwd/encwugu"pwodgtu"57"vq":80""

Ugrvgodgt"43."4237" Vjg" cwvjqtkugf" ujctg"ecrkvcn" qh"qwt"Eqorcp{" ycu" cnvgtgf" htqo"` 762.327.222"fkxkfgf" kpvq"46.232.222"Gswkv{"Ujctgu"cpf"522.227"Ugtkgu/C"EERU"d{"tgencuukh{kpi"vjg"rtghgtgpeg"ujctg"ecrkvcn" qh" `" 522.227.222" fkxkfgf" kpvq" 20223'" 522.227" eqorwnuqtkn{" eqpxgtvkdng" ugtkgu" C"rtghgtgpeg" ujctgu" kpvq" Gswkv{" Ujctgu" d{" eqpewttgpvn{" etgcvkpi" gswkv{" ujctg" ecrkvcn" qh" ` 522.227.222"fkxkfgf"kpvq"52.222.722"Gswkv{"Ujctgu."ykvj"vjg"vqvcn"cwvjqtkugf"ujctg"ecrkvcn"qh"vjg"Eqorcp{"tgockpkpi"vjg"ucog"cv"`"762.327.2220""

Ugrvgodgt"9."4238" Cogpfogpv" qh" encwug" K" qh" vjg" Ogoqtcpfwo" qh" Cuuqekcvkqp" vq" ejcpig" vjg" pcog" qh" qwt"Eqorcp{"htqo"“Genesis Colors Private Limited” to “Genesis Colors Limited”0""

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"

359"

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""

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u0"Gctpkpiu"rgt"ujctg

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53"Octej"4238

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53"Octej"4237

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53"Octej"4236

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53"Octej"4235

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53"Octej"4234

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53"Octej"4235

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53"Octej"4234

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Cu"cv"cpf"Hqt"vjg"

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Gswkv{"Ujctg"Ecrkvcn 420;8"""""""""""""""""""""" 42099"""""""""""""""""""""" 42099"""""""""""""""""""""" 539076"""""""""""""""""""" 539076""""""""""""""""""""Pwodgt"qh"gswkv{"ujctgu 4.2;8.3:;"""""""""""""" 4.298.927"""""""""""""" 4.298.927"""""""""""""" 4.298.927"""""""""""""" 4.298.927""""""""""""""

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273

""

496""

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF

QRGTCVKQPU"

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"

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""

497""

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""

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""

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""

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"Qwt"gzrgpfkvwtg"rtkoctkn{"eqpukuvu"qh"vjg"hqnnqykpi<""

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"Hkpcpeg"Equvu<"Hkpcpeg"equvu"eqpukuv"rtkoctkn{"qh"kpvgtguv"gzrgpugu."cpf"qvjgt"dqttqykpi"equvu0""

"Fgrtgekcvkqp" cpf" coqtvk|cvkqp" gzrgpug<" Fgrtgekcvkqp" gzrgpug" eqpukuvu" rtkoctkn{" qh" fgrtgekcvkqp" gzrgpugu"tgeqtfgf"qp"xctkqwu"hkzgf"cuugvu."kpenwfkpi"hcevqt{"gswkrogpv."qhhkeg"gswkrogpv."eqorwvgtu."xgjkengu"cpf"hwtpkvwtg"cpf" hkzvwtgu0" Coqtvk|cvkqp" gzrgpug"eqpukuvu"rtkoctkn{"qh" coqtvk|cvkqp" tgeqtfgf"qp" kpvcpikdng" cuugvu" kpenwfkpi"uqhvyctg"cpf"iqqfyknn0"

"Qvjgt"gzrgpugu<"Qwt"qvjgt"gzrgpugu"kpenwfg."coqpi"qvjgtu."tgpv"rckf"kp"tgurgev"qh"qwt"ngcugf"rtgokugu."htgkijv"cpf"qevtqk"ejctigu."tgrcktu"cpf"ockpvgpcpeg."dwukpguu"rtqoqvkqp"cpf"cfxcpegu"ytkvvgp"qhh0""

""

4:6""

Hkuecn"4238"eqorctgf"ykvj"Hkuecn"4237""

"Qwt"total revenue increased by 3.21% to ₹ 4,402.33 million in Fiscal 2016 from ₹ 4,265.52 million in Fiscal 2015, rtkoctkn{"fwg"vq"cp"kpetgcug"kp"tgxgpwg"htqo"ucng"qh"rtqfwevu"vtcfgf."yjkej"ycu"rctvkcnn{"qhhugv"d{"vjg"fgetgcug"kp"tgxgpwg"igpgtcvgf"htqo"ucng"qh"rtqfwevu"ocpwhcevwtgf"d{"qwt"Eqorcp{0"""Kpeqog"htqo"Qrgtcvkqpu""Tgxgpwg"htqo"Ucng"qh"Rtqfwevu""Qwt" tgxgpwg" htqo" ucng"qh"rtqfwevu" kpetgcugf"d{"6023'" vq" ₹"6.543084"oknnkqp" kp"Hkuecn" 4238" htqo"₹"6.377036"oknnkqp" kp" Hkuecn" 42370" Vjku" kpetgcug" ycu"rtkoctkn{" ftkxgp"d{" vjg" kpetgcug" kp" ucng" qh"rtqfwevu" vtcfgf"d{" qwt"Eqorcp{."yjkej"ycu"rctvkcnn{"qhhugv"d{"vjg"fgetgcug"kp"tgxgpwg"igpgtcvgf"htqo"ucng"qh"rtqfwevu"ocpwhcevwtgf"d{"qwt"Eqorcp{0""

c0 Ucng"qh"Rtqfwevu"Ocpwhcevwtgf"d{"qwt"Eqorcp{""Qwt"tgxgpwg"htqo"vjg"ucngu"qh"ocpwhcevwtgf"iqqfu"fgetgcugf"d{"32054'"vq"₹"88;03;"oknnkqp"kp"Hkuecn"4238"htqo"₹"968044"oknnkqp"kp"Hkuecn"42370"Vjku"fgetgcug"ycu"rtkoctkn{"fwg"vq"vjg"ujkhv"htqo"ocpwhcevwtkpi"vq"vtcfkpi"hqt"certain products of our Owned Brands, the closure of the ‘Vkg"Tcem’ business and the discontinuance of saleu"qh"qpg"qh"qwt"Qypgf"Dtcpfu"kp"qpg"qh"vjg"nctig"hqtocv"tgvckn"uvqtgu0"Vjku"fgetgcug"ycu"rctvkcnn{"qhhugv"d{"vjg"qrgpkpi"qh"vyq"pgy"GDQ"kp"tgncvkqp"vq"vjg"Qypgf"Dtcpfu0"" "

d0 Ucng"qh"Rtqfwevu"Vtcfgf"d{"qwt"Eqorcp{""Qwt" tgxgpwg" htqo" vjg" ucngu"qh" vtcfgf"iqqfu" kpetgcugf"d{"9037'" vq" ₹"5.87408:"oknnkqp" kp" Hkuecn" 4238" htqo" ₹"5.62:0;4"oknnkqp"kp"Hkuecn"42370"Vjku"kpetgcug"ycu"rtkoctkn{"fwg"vq"cp"kpetgcug"kp"tgxgpwg"htqo"ucng"qh"rtqfwevu"qh"vjg"Qypgf"Dtcpfu"yjkej"kpetgcugf"d{"4:0;:'"vq"₹"472.74 million in Fiscal 2016 from ₹ 366.53 million"kp"hkuecn"4237"fwg"vq"vjg"ujkhv"htqo"ocpwhcevwtkpi"vq"vtcfkpi"qh"egtvckp"rtqfwevu"qh"qwt"Qypgf"Dtcpfu."cu"ygnn"cu"cp"increase in same store sales. Further, the revenue from the International Brands’ products increased to ₹ 5.39;0;6"oknnkqp"kp"Hkuecn"4238"htqo"₹"5.26405;"million in Fiscal 2015, due to the addition of two new brands, ‘I"Uvct"Tcy’ and ‘Jwiq"Dquu’ in the last quarter of Fiscal 2016 in our portfolio of International Brands coupled with the enquwtg"qh"ukz"GDQu"kp"Hkuecn"4238."kp"nkpg"ykvj"qwt"uvtcvgi{"qp"qrvkok|kpi"qwt"GDQ"nqecvkqpu0"""Qvjgt"Qrgtcvkpi"Tgxgpwg""Qwt"qvjgt"qrgtcvkpi"kpeqog"octikpcnn{"fgetgcugf"d{"70:3'"vq"₹ 6;033"oknnkqp"kp"Hkuecn"4238"htqo"₹"74036"oknnkqp"kp"Hkuecn"42370"" "Qvjgt"Kpeqog""Qwt"qvjgt"kpeqog"fgetgcugf"d{"67096'"vq"₹ 53082"oknnkqp"kp"Hkuecn"2016 from ₹ 58.24 million in Hkuecn"4237"fwg"vq"fgetgcug"qh"cxgtcig"fgrqukv"kp"Hkuecn"4238"d{"62022'"kp"eqorctkuqp"vq"Hkuecn"42370"Vjg"hwpfu"ygtg"wvknkugf"hqt"kpxguvogpv"kp"uwdukfkct{"cpf"tgrc{ogpv"qh"fgdv0""""Gzrgpugu"Dghqtg"Gzegrvkqpcn"Kvgou""

Qwt" gzrgpugu" coqwpvgf" vq" ₹ 6.463098" oknnkqp" kp" Hkuecn" 4238." tghngevkpi" c" 20:9'" fgetgcug" qxgt" qwt" vqvcn"gzrgpfkvwtg"qh"₹ 6.49:0:8"oknnkqp" kp"Hkuecn"42370"Vjku"fgetgcug" kp" vqvcn"gzrgpfkvwtg"ycu"rtkoctkn{"fwg" vq" vjg"tgfwevkqp"qh"equv"qh"rtqfwevu"uqnf"cnqpi"ykvj"c"tgfwevkqp"qh"vjg"fgrtgekcvkqp"cpf"coqtvk|cvkqp"cpf"hkpcpeg"equvu"kp"Hkuecn"4238."yjkej"ycu"rctvkcnn{"qhhugv"d{"cp"kpetgcug"gornq{gg"equvu0" "

Equv"qh"Ocvgtkcnu"Eqpuwogf"""Vjg"equv"qh"ocvgtkcnu"eqpuwogf"coqwpvgf"vq"₹ 184.;5"oknnkqp"kp"Hkuecn"4238."tghngevkpi"c"4092'"kpetgcug"qxgt"our materials consumed expense of ₹ 180.08"oknnkqp"kp"Hkuecn"4237."fwg"vq"cp"kphncvkqpct{"kpetgcug"kp"vjg"equv"qh"tcy"ocvgtkcnu" cpf" qvjgt"eqpuwocdngu0" Cu" c"rgtegpvcig" qh" qwt" tgxgpwg" htqo" qrgtcvkqpu." qwt"equv" qh"ocvgtkcnu"eqpuwogf"fgetgcugf"htqo"6055'"kp"Hkuecn"4237"vq"604:'"kp"Hkuecn"42380"

""

4:7""

"Rwtejcug"qh"Vtcfgf"Iqqfu""Our expenses on the purchase of traded goods totaled ₹1,882.16 million in Hkuecn" 4238." tghngevkpi" c" 3806:'"kpetgcug"qxgt"rwtejcug"qh" vtcfgf"iqqfu"gzrgpugs of ₹ 1,615.:9"oknnkqp" kp"Hkuecn"4237."yjkej"ycu"rtkpekrcnn{"attributable to an increase in purchase of products for the International Brands as a result of the addition of the ‘I"Uvct"Tcy’ and ‘Jwiq"Dquu’ brands and the opening of new EBOs for certain Invgtpcvkqpcn"Dtcpfu."kpenwfkpi"vjg"‘Ctocpk"Lgcpu’ and ‘Lkoo{"Ejqq’ brands in Hkuecn"4238"cpf"cp" kpetgcug" kp" vjg"rwtejcug"qh" Dy#vej"rtqfwevu."yjkej"ycu"fwg"vq"vjg"ujkhv"htqo"ocpwhcevwtg"vq"rwtejcug"qh"egtvckp"hkpkujgf"Dy#vej"rtqfwevu"kp"Hkuecn"42380"Cu"c"rgtegpvcig"qh"qwt"tgxgpwg"htqo"qrgtcvkqpu."gzrgpugu"qp"rwtejcug"qh"vtcfgf"iqqfu"kpetgcugf"htqo"5:0:;'"kp"Hkuecn"4237"vq"65077'"kp"Hkuecn"42380"""Ejcpigu"kp"Kpxgpvqtkgu"qh"Hkpkujgf"Iqqfu"cpf"Vtcfgf"Iqqfu""Qwt"ejcpigu"kp"kpxgpvqtkgu"qh"hkpkujgf"iqqfu"cpf"vtcfgf"goods increased from ₹"36406:"oknnkqp"kp"Hkuecn"4237"vq"₹ (14;077+"kp"Hkuecn"4238."tghngevkpi"c"4260;8'"kpetgcug"fwg"vq"cffkvkqpcn"rwtejcug"qh" kpxgpvqt{"kp"vjg"nwzwt{"dwukpguu."qp"ceeqwpv"qh"vyq"pgy"dtcpfu."Xknngtq{"("Dqej"cpf"Okejcgn"Mqtu."cpf"cffkvkqpcn"kpxgpvqt{"hqt"vjg"pgy"GDQu"hqt"Gorqtkq"Ctocpk"cpf"Ctocpk"Lgcpu"dtcpfu0 "Gornq{gg"Dgpghkv"Gzrgpugu""Qwt"gornq{gg"dgpghkvu"gzrgpugu"coqwpvkpi"vq"₹"76:053"oknnkqp"kp"Hkuecn"4238."tghngevgf"cp":068'"kpetgcug"qxgt"qwt"gornq{gg"dgpghkvu"gzrgpugu"qh"₹ 727074"oknnkqp"kp"Hkuecn"4237."yjkej"ycu"rtkpekrcnn{"cvvtkdwvcdng"vq"cppwcn"kpetgogpvu0" Cu" c" rgtegpvcig" qh" qwt" tgxgpwg" htqo" qrgtcvkqpu." qwt" gornq{gg" dgpghkvu" gzrgpug" kpetgcugf" htqo"34039'"kp"Hkuecn"4237"vq"3408;'"kp"Hkuecn"42380 "Hkpcpeg"Equvu""Qwt"hkpcpeg"gzrgpugu"coqwpvgf"vq"₹ 33808;"oknnkqp"kp"Hkuecn"4238."tghngevkpi"c"80;5'"fgetgcug"qxgt"qwt"hkpcpeg"gzrgpugu"qh"₹"34705:"oknnkqp"kp"Hkuecn"4237."yjkej"ycu"cvvtkdwvcdng"rtkoctkn{"vq"nqygt"equv"qh"dqttqykpiu"cpf"nqygt"cxgtcig"wvknk|cvkqp"qh"yqtmkpi"ecrkvcn"nkokvu0"Cu"c"rgtegpvcig"qh"qwt"tgxgpwg"htqo"qrgtcvkqpu."qwt"hkpcpeg"gzrgpugu"fgetgcugf"htqo"5024'"kp"Hkuecn"4237"vq"4092'"kp"Hkuecn"42380 "Fgrtgekcvkqp"cpf"Coqtvk|cvkqpu"Gzrgpugu""Qwt"fgrtgekcvkqp"cpf"coqtvk|cvkqp"gzrgpug"fgetgcugf"vq"₹ 3830;4"oknnkqp"kp"Hkuecn"4238"htqo"₹ 427036"oknnkqp"kp"Hkuecn"4237."tghngevgf"c"fgetgcug"qh"43029'."yjkej"ycu"rtkoctkn{"fwg"vq"vjg"ejcpig"kp"vjg"guvkocvgf"wughwn"nkhg"qh"hkzgf"cuugvu"rwtuwcpv"vq"vjg"ghhgevkxgpguu"qh"vjg"Eqorcpkgu"Cev."4235"coqwpvkpi"vo ₹ 70.98 million. Depreciation ycu"qp"ceeqwpv"qh"cffkvkqp"qh"pgy"GDQu"cpf"tgpqxcvkqp"qh"gzkuvkpi"GDQu0""Qvjgt"Gzrgpugu""Qwt"qvjgt"gzrgpugu"coqwpvgf"vq"₹"3.6;9052"oknnkqp"kp"Hkuecn"4238."tghngevkpi"c"octikpcn"fgetgcug"qh"2069'"qxgt"qvjgt"gzrgpugu"qh"₹ 3.726063"oknnkqp"kp"Hkuecn"42370"Vjku"kpenwfgf."coqpi"qvjgtu."tgpvcn"gzrgpugu"of ₹ 596.77 oknnkqp"kp"Hkuecn"4238."tghngevkpi"cp"kpetgcug"qh"50;4% over rental expenses of ₹ 596046"oknnkqp"kp"Hkuecn"4237"cu"c"tguwnv"qh"vjg"qrgpkpi"qh"vyq"pgy"GDQu"cpf"qp"ceeqwpv"qh"tgpv"guecncvkqp"qp"tgpgycn"qh"ngcug"citggogpvu"hqt"vjg"GDQu." cfxgtvkugogpv" gzrgpugu" qh" ₹" 78074" oknnkqp" kp" Hkuecn" 4238." tghngevgf" c" fgetgcug" qh" 59066'" qxgt"cfxgtvkugogpv"gzrgpugu"qh"₹";2057"oknnkqp"kp"Hkuecn"4237"fwg"vq"kpetgcug"kp"octmgvkpi"eqpvtkdwvkqp"htqo"dtcpfu."cpf"htgkijv"cpf"qevtqk"ejctigu"qh"₹":;03:"oknnkqp"kp"Hkuecn"4238."tghngevgf"cp"kpetgcug"qh"38048'"qxgt"htgkijv"cpf"qevtqk"ejctigu"qh"₹ 98093"oknnkqp"kp"Hkuecn"4237"fwg"vq"cffkvkqpcn"oqxgogpv"qh"kpxgpvqt{"htqo"yctgjqwugu"vq"vjg"GDQu"fwg"vq"qrgpkpi"cpf"enquwtg"qh"GDQu0"Cu"c"rgtegpvcig"qh"qwt"tgxgpwg"htqo"qrgtcvkqp."qwt"qvjgt"gzrgpugu"fgetgcugf"htqo"58043'"kp"Hkuecn"4237"vq"56087'"kp"Hkuecn"42380""Rtqhkv1*Nquu+"Dghqtg"Vcz"cpf"Gzegrvkqpcn"Kvgou."cu"Tguvcvgf""Cu"c"tguwnv"qh"vjg"hcevqtu"qwvnkpgf"cdqxg."qwt"tguvcvgf"rtqhkv"dghqtg"vcz"kpetgcugf"vq"₹ 382079"oknnkqp"kp"Hkuecn"4238"htqo"c"nquu"qh"₹ 35056"oknnkqp"kp"Hkuecn"42370"" "Gzegrvkqpcn"Kvgou"""

""

4:8""

Yg"fkf"pqv"jcxg"cp{"gzegrvkqpcn"kvgou"kp"Hkuecn"42380"Kp"Hkuecn"4237."yg"tgeqtfgf"c"ickp"qh"₹ 3803:"oknnkqp"kp"vjg"hqto"qh"c"vgtokpcvkqp"hgg"rwtuwcpv"vq"vjg"vgtokpcvkqp"qh"c"rtqrqugf"lqkpv"xgpvwtgu0"""Vcz"Gzrgpug"*kpenwfkpi"fghgttgf"vcz"gzrgpugu+""Qwt"vqvcn"vcz"gzrgpug"kp"Hkuecn"4238"ycu"₹ ;2029"oknnkqp."c"53075'"kpetgcug"qxgt"qwt"vqvcn"vcz"gzrgpug"qh"₹ 8:06:"oknnkqp"kp"Hkuecn"4237."yjkej"ycu"rtkoctkn{"fwg"vq"kpetgcug"kp"rtqhkvu"qh"vjg"Uwdukfkctkgu"cpf"lqkpv"xgpvwtgu"ukpeg"vjg"rtgegfkpi"{gct0""Rtqhkv1*Nquu+"Chvgt"Vcz"cpf"Dghqtg"Okpqtkv{"Kpvgtguv."cu"Tguvcvgf""Cu"c"tguwnv"qh"vjg"hcevqtu"qwvnkpgf"cdqxg."qwt"tguvcvgf"rtqhkv"chvgt"vcz"kpetgcugf"d{"429062'"vq"₹ 92072"oknnkqp"kp"Hkuecn"4238"htqo"c"nquu"qh"₹ 87086"oknnkqp"kp"Hkuecn"42370 Pgv"Nquu"hqt"vjg"[gct"Cvvtkdwvcdng"vq"vjg"Gswkv{"Ujctgjqnfgtu."cu"Tguvcvgf""

Qwt"restated loss after tax adjusted for minority interest was ₹ 7.46 million in Fiscal 2016 and ₹ 108.5:"oknnkqp"kp"Hkuecn"42370""Hkuecn"4237"Eqorctgf"ykvj"Hkuecn"4236"

"

Qwt" total revenue increased by 16.29% to ₹ 4,265.52 million in Fiscal 2015 from ₹ 3,667.87 million in Fiscal 4236."rtkoctkn{"fwg"vq"cp"kpetgcug"kp"qwt"tgxgpwg"htqo"vjg"ucng"qh"vtcfgf"iqqfu0"""Kpeqog"htqo"Qrgtcvkqpu""Tgxgpwg"htqo"Ucng"qh"Rtqfwevu""Qwt"tgxgpwg" htqo"ucng"qh"rtqfwevu"kpetgcugf"d{"3706;'"vq"₹"6.377036"oknnkqp"kp"Hkuecn"4237"htqo"₹"5.7;9099"oknnkqp"kp"Hkuecn"42360"Vjku"ycu"rtkoctkn{"ftkxgp"d{"cp"kpetgcug"kp"vjg"ucng"qh"vtcfgf"rtqfwevu"cpf"qvjgt"qrgtcvkpi"tgxgpwg0"""

c0 Ucng"qh"Ocpwhcevwtgf"Rtqfwevu""Qwt"tgxgpwg"htqo"vjg"ucngu"qh"ocpwhcevwtgf"iqqfu"fgetgcugf"d{"3063'"vq"₹ 968044"oknnkqp"kp"Hkuecn"4237"htqo"₹ 9780;4"oknnkqp"kp"Hkuecn"42360"Vjku"fgetgcug"ycu"fwg"vq"vjg"enquwtg"qh"hkxg"GDQu"ugnnkpi"rtqfwevu"qh"vjg"Qypgf"Dtcpfu"kp"Hkuecn"4237"yjkej"ycu"rctvkcnn{"qhhugv"d{"vjg"qrgpkpi"qh"qpg"pgy"GDQ"ugnnkpi"rtqfwevu"qh"vjg"Qypgf"Dtcpfu0""

d0 Ucng"qh"Vtcfgf"Rtqfwevu""Qwt"tgxgpwg" htqo" vjg"ucngu"qh" vtcfgf"iqqfu"kpetgcugf"d{"42022'"vq"₹"5.62:0;4"oknnkqp"kp"Hkuecn"4237"htqo"₹ 4.:620:7"oknnkqp"kp"Hkuecn"42360"Vjku"kpetgcug"ycu"rtkoctkn{"fwg"vq"cp"kpetgcug"kp"tgxgpwg"htqo"ucng"qh"rtqfwevu"htqo"Kpvgtpcvkqpcn"Dtcpfu."yjkej"kpetgcugf"d{"₹"7:7067"oknnkqp"kp"Hkuecn"4237."fwg"vq"vjg"qrgpkpi"qh"34"pgy"GDQu"kp"c"new luxury mall in Kolkata and three new EBOs for ‘Okejcgn"Mqtu’ across various locations in India. Vjku"ycu"cnuq"gpjcpegf"d{"cp"kortqxgogpv"kp"vjg"ucog/uvqtg/ucngu"hqt"vjg"Kpvgtpcvkqpcn"Dtcpfu."yjkej"kpetgcugf"d{":025'"kp"Hkuecn"42370"Vjg"kpetgcug"kp"vjg"tgxgpwg"qh"vtcfgf"rtqfwevu"ycu"korcevgf"d{"vjg"vgtokpcvkqp"qh"vjtgg"kpvgtpcvkqpcn"dtcpfu0"""Qvjgt"Qrgtcvkpi"Tgxgpwg""Qwt"qvjgt"qrgtcvkpi"tgxgpwg"kpetgcugf"d{"373038'"vq"₹"74036"oknnkqp"kp"Hkuecn"4237"htqo"₹"42098"oknnkqp"kp"Hkuecn"4236."rtkoctkn{"qp"ceeqwpv"qh"hgg"tgegkxgf"htqo"qpg"qh"qwt"Lqkpv"Xgpvwtgu0"""Qvjgt"Kpeqog""Qwt"tgxgpwg"htqo"qvjgt"kpeqog"kpetgcugf"d{"3:026'"vq"₹ 7:046"oknnkqp"kp"Hkuecn"4237"htqo"₹ 6;056"oknnkqp"kp"Hkuecn"42360"Vjku"fgetgcug"ycu"ftkxgp"rtkoctkn{"d{"cp"kpetgcug"qp"ceeqwpv"qh"jkijgt"kpvgtguv"htqo"vgto"fgrqukvu"qp"ceeqwpv"qh"jkijgt"cxgtcig"fgrqukvu"ykvj"dcpmu"kp"Hkuecn"42370""

""

4:9""

Gzrgpugu"Dghqtg"Gzegrvkqpcn"Kvgou""

Qwt" gzrgpugu" coqwpvgf" vq" ₹" 6.49:0:8"oknnkqp" kp" Hkuecn" 4237." tghngevkpi" c" 36034'" kpetgcug" qxgt" qwt" vqvcn"gzrgpfkvwtg"qh"₹ 5.96;054"oknnkqp"kp"Hkuecn"42360"Vjku"kpetgcug"kp"vqvcn"gzrgpfkvwtg"ycu"rtkoctkn{"fwg"vq"kpetgcugu"kp"gornq{gg"dgpghkv"gzrgpugu"cpf"cp"kpetgcug"kp"qwt"fgrtgekcvkqp"cpf"coqtvk|cvkqp"gzrgpugu."yjkej"ycu"rctvkcnn{"qhhugv"d{"vjg"fgetgcug"kp"vjg"equv"qh"ocvgtkcnu"eqpuwogf"cpf"rwtejcug"qh"vtcfgf"rtqfwevu0"" "Equv"qh"Ocvgtkcnu"Eqpuwogf"""Vjg"equv"qh"ocvgtkcnu"eqpuwogf"coqwpvgf"vq"₹ 3:2028"oknnkqp"kp"Hkuecn"4237."tghngevkpi"c"56058'"fgetgcug"qxgt"qwt"ocvgtkcnu"eqpuwogf" gzrgpug" qh" ₹ 496053"oknnkqp" kp" Hkuecn" 4236." kp" nkpg" ykvj" c" fgetgcug" kp"rtqfwevkqp"qh"ocpwhcevwtgf"rtqfwevu0"Cu"c"rgtegpvcig"qh"qwt"tgxgpwg"htqo"qrgtcvkqpu."qwt"equv"qh"ocvgtkcnu"eqpuwogf"fgetgcugf"htqo"9084'"kp"Hkuecn"4236"vq"6055'"kp"Hkuecn"42370 "Rwtejcug"qh"Vtcfgf"Rtqfwevu""Our expenses on the purchase of traded goods totaled ₹ 1,615.89"oknnkqp" kp" Hkuecn" 4237." tghngevkpi" c" 6044'"decrease over purchase of traded goods expenses of ₹ 1,687.05 million in Hkuecn"4236."yjkej"ycu"rtkpekrcnn{"cvvtkdwvcdng"vq"vjg"tgfwevkqp"qh"rwtejcug"qh"vtcfgf"iqqfu"hqt"vjg"Qypgf"Dtcpfu"fwg"vq"vjg"nkswkfcvkqp"qh"kpxgpvqt{"cv"vjg"gpf"qh"Hkuecn"4236"cpf"vjg"enquwtg"qh"vjg"dwukpguu"qh"IND"Dqf{ectg"Rtkxcvg"Nkokvgf0"Cu"c"rgtegpvcig"qh"qwt"tgxgpwg"htqo"qrgtcvkqpu."gzrgpugu"qp"rwtejcug"qh"uvqem/kp/vtcfg"fgetgcugf"htqo"680:;'"kp"Hkuecn"4236"vq"5:0:;'"kp"Hkuecn"42370"""Ejcpigu"kp"Kpxgpvqtkgu"qh"Hkpkujgf"Iqqfu"cpf"Vtcfgf"Iqqfu""Qwt"ejcpigu"kp"kpxgpvqtkgu"qh"hkpkujgf"iqqfu"cnd traded goods decreased by ₹ 467.92"oknnkqp"kp"Hkuecn"4237"htqo"₹ (325.44+"oknnkqp" kp" Hkuecn" 4236"rtkoctkn{"fwg" vq" cp" kpetgcug" kp" kpxgpvqt{" kp" Hkuecn" 4236." fwg" vq" cffkvkqpcn"inventory from the addition of two new brands, i.e., ‘Xknngtq{"("Dqej’"and ‘Okejcgn"Mqtu’ and the opening of 6 new EBOs for the ‘Gorqtkq"Ctocpk’ and ‘Ctocpk"Lgcpu’ brands." "Gornq{gg"Dgpghkv"Gzrgpugu""Qwt"gornq{gg"dgpghkvu"gzrgpugu"coqwpvgf"vq"₹ 727074"oknnkqp"kp"Hkuecn"4237."tghngevkpi"c"35096'"kpetgcug"qxgt"qwt"gornq{gg"dgpghkvu"gzrgpugu"qh"₹ 666067"oknnkqp"kp"Hkuecn"4236."yjkej"ycu"rtkpekrcnn{"cvvtkdwvcdng"vq"cppwcn"kpetgogpvu"cpf"kpetgcug"kp"vjg"pwodgt"qh"gornq{ggu"qp"ceeqwpv"qh"vjg"qrgpkpi"qh"pgy"GDQu"hqt"vjg"Kpvgtpcvkqpcn"Dtcpfu"cpf"vjg"cffkvkqp"qh"vyq"pgy"Kpvgtpcvkqpcn"Dtcpfu"vq"qwt"rqtvhqnkq0"Cu"c"rgtegpvcig"qh"qwt"tgxgpwg"htqo"qrgtcvkqpu."qwt"gornq{gg"dgpghkvu"gzrgpug"fgetgcugf"htqo"34057'"kp"Hkuecn"4236"vq"34039'"kp"Hkuecn"42370 "Hkpcpeg"Equvu""Qwt"hkpcpeg"gzrgpugu"coqwpvgf"vq"₹ 34705:"oknnkqp"kp"Hkuecn"4237."tghngevkpi"c"7053'"kpetgcug"qxgt"qwt"hkpcpeg"gzrgpugu"qh"₹ 33;028"oknnkqp"kp"Hkuecn"4236."yjkej"ycu"cvvtkdwvcdng"rtkoctkn{"vq"kpetgcug"kp"cxgtcig"wvknk|cvkqp"qh"yqtmkpi"ecrkvcn"nkokvu"kp"Hkuecn"4237"vq"hwpf"gzrcpukqp"qh"vjg"kpvgtpcvkqpcn"dtcpf"dwukpguu0"Cu"c"rgtegpvcig"qh"qwt"tgxgpwg"htqo"qrgtcvkqpu."qwt"hkpcpeg"gzrgpugu"octikpcnn{"fgetgcugf"htqo"5053'"kp"Hkuecn"4236"vq"5024'"kp"Hkuecn"42370 "Fgrtgekcvkqp"cpf"Coqtvk|cvkqpu"Gzrgpugu""Qwt"fgrtgekcvkqp"cpf"coqtvk|cvkqp"gzrgpug"kpetgcugf"vq"₹ 427036"oknnkqp"kp"Hkuecn"4237"htqo"₹ 366024"oknnkqp"kp"Hkuecn"4236."tghngevkpi"cp"kpetgcug"qh"64066'."yjkej"ycu"rtkoctkn{"fwg"vq"vjg"ejcpig"kp"guvkocvgf"wughwn"nkhg"qh"fixed assets pursuant to the effectiveness of the Companies Act, 2013 in Fiscal 2015 amounting to ₹ 70.98 million. ""Qvjgt"Gzrgpugu""

Qwt"qvjgt"gzrgpugu"coqwpvgf"vq"₹ 3.726063"oknnkqp"kp"Hkuecn"4237."tghngevkpi"c"9025'"kpetgcug"qxgt"qvjgt"gzrgpugu"qh"₹ 3.627087"oknnkqp"kp"Hkuecn"42360"Vjku"kpenwfgf."coqpiuv"qvjgtu."tgpvcn"gzrgpugu"qh"₹ 796046"oknnkqp"kp"Hkuecn"4237."yjkej"kpetgcugf"d{"80;2% over rental expenses of ₹ 759039"oknnkqp"kp"Hkuecn"4236"cu"c"tguwnv"qh"vjg"qrgpkpi"qh"34"pgy"GDQu."cfxgtvkugogpv"gzrgpugu"qh"₹";2057"oknnkqp"kp"Hkuecn"4237."tghngevkpi"c"fgetgcug"qh"40:9'"qxgt"cfxgtvkugogpv"gzrgpugu"qh"₹";5024"oknnkqp"kp"Hkuecn"4236"cpf"htgkijv"cpf"qevtqk"ejctigu"qh" ₹"98093"oknnkqp"kp"Hkuecn"4237."tghngevkpi"cp"kpetgcug"qh"450;3'"qxgt"htgkijv"cpf"qevtqk"ejctigu"qh"₹ 830;3"oknnkqp"kp"Hkuecn"4236"fwg"vq"cffkvkqpcn"oqxgogpv"qh"kpxgpvqt{"htqo"vjg"yctgjqwug"vq"vjg"GDQu"fwg"vq"vjg"qrgpkpi"cpf"enquwtg"qh"GDQu0"

""

4::""

Cu"c"rgtegpvcig"qh"qwt"tgxgpwg"htqo"qrgtcvkqpu."qwt"qvjgt"gzrgpugu"fgetgcugf"htqo"5;029'"kp"Hkuecn"4236"vq"58043'"kp"Hkuecn"42370 "Rtqhkv1*Nquu+"Dghqtg"Vcz"cpf"Gzegrvkqpcn"Kvgou."cu"Tguvcvgf""Cu"c"tguwnv"qh" vjg"hcevqtu"qwvnkpgf"cdqxg."qwt"tguvcvgf" nquu"dghqtg"vcz"fgetgcugf"vq"c"nquu"qh"₹ 35056"oknnkqp"kp"Hkuecn"4237"htqo"c"nquu"qh"₹ :3067"oknnkqp"kp"Hkuecn"42360"" "Gzegrvkqpcn"Kvgou"""Yg"tgeqtfgf"c"ickp"from of ₹ 3803:"oknnkqp" kp" vjg" hqto"qh"c" vgtokpcvkqp" hgg"rwtuwcpv" vq" vjg" vgtokpcvkqp"qh"c"rtqrqugf"lqkpv"xgpvwtg."c"358085'"kpetgcug"qxgt"c"nquu"qh"₹ 66039"oknnkqp"fwg"vq"vjg"vgtokpcvkqp"qh"qpg"qh"qwt"dtcpfu"kp"qwt"rqtvhqnkq"qh"Kpvgtpcvkqpcn"Dtcpfu"kp"Hkuecn"4236"cpf"vjg"enquwtg"qh"qwt"Ucoucctc"dwukpguu0"""Vcz"Gzrgpug"*kpenwfkpi"fghgttgf"vcz"gzrgpugu+""Qwt"vqvcn"vcz"gzrgpug"kp"Hkuecn"4237"was ₹ 8:06:"oknnkqp."c"45063% increase over our total tax expense of ₹ 7706;"oknnkqp"kp"Hkuecn"4236."yjkej"ycu"rtkoctkn{"fwg"vq"kpetgcug"kp"vczcdng"rtqhkvu"qh"vjg"Uwdukfkctkgu"cpf"Lqkpv"Xgpvwtgu"kp"Hkuecn"42370""Rtqhkv1*Nquu+"Chvgt"Vcz"cpf"Dghqtg"Okpqtkv{"Kpvgtguv."cu"Tguvcvgf"" "Cu"c"tguwnv"qh"vjg"hcevqtu"qwvnkpgf"cdqxg."qwt"tguvcvgf"nquu"chvgt"vcz"ycu"₹ 87086"oknnkqp"kp"Hkuecn"4237"htqo"c"nquu"qh"₹ 3:3033"oknnkqp"kp"Hkuecn"42360" Pgv"Nquu"hqt"vjg"[gct"Cvvtkdwvcdng"vq"vjg"Gswkv{"Ujctgjqnfgtu."cu"Tguvcvgf""

Qur restated loss after tax adjusted for minority interest was a loss of ₹ 32:05:"oknnkqp"kp"Hkuecn"4237."htqo"c"nquu"of ₹ 34808;"oknnkqp"kp"Hkuecn"42360" Nkswkfkv{"cpf"Ecrkvcn"Tguqwtegu"

"

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(₹ in million)"Rctvkewnctu" Hkuecn"4238"" Hkuecn"4237" Hkuecn"4236"

Pgv"ecuj"1"*wugf"kp+"htqo"qrgtcvkpi"cevkxkvkgu" *6;02;+" 4:6039" *3:2023+"

Pgv"ecuj"1"*wugf"kp+"htqo"kpxguvkpi"cevkxkvkgu" *6704;+" *335045+" *5;036+"

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"Ecuj"Hnqy"htqo"Qrgtcvkpi"Cevkxkvkgu""

Pgv"cash used in operating activities was ₹ 49.09 million for Fiscal 2016. Our net profit before taxation was ₹ 382079"oknnkqp"hqt"Hkuecn"4238"cpf"yg"jcf"qrgtcvkpi"ecuj"hnqy"before working capital changes of ₹ 658079"oknnkqp0"This difference was primarily attributable to a ₹ 137.31 million increase in trade receivables, a ₹ 161.28 million increase in inventories and a ₹ 7103:"oknnkqp" kpetgcug" kp" nqcpu"cpf"cfxcpegu0"Vjku"ycu"rctvkcnn{" ugv"qhh"d{"cp"increase in trade payables of ₹ 50.83 million and an increase in other liabilities of ₹ 53.30 million.""Pgv"cash generated from operating activities was ₹ 284.17"oknnkqp"hqt"Hkuecn"42370"Qwt"pgv"rtqhkv"dghqtg"vczcvkqp"was ₹ 40:6"oknnkqp"hqt"Hkuecn"4237"cpf"yg"jcf"qrgtcvkpi"ecuj"hnqy"before working capital changes of ₹ 5340;5"oknnkqp0"Vjku"fkhhgtgpeg"ycu"rtkoctkn{"cvvtkdwvcdng"vq"cp"kpetgcug"qh"₹ 58047"oknnkqp"kp"vtcfg"tgegkxcdngu"cpf"cp"

""

4:;""

kpetgcug"qh"₹"69046"oknnkqp" kp"nqcpu"cpf"cfxcpegu0"This was partially set off by a decrease in inventories of ₹ 3650;:"oknnkqp0""Pgv"cash used from operating activities was ₹ 180.01 million for Fiscal 20140"Qwt"pgv"nquu"before taxation was ₹ 347084"oknnkqp" hqt"Hkuecn" 4236" cpf" yg"jcf"qrgtcvkpi"ecuj" hnqyu" before working capital changes of ₹ 3260;4"oknnkqp." yjkej" ycu" cflwuvgf" cu" c" tguwnv" qh" yqtmkpi" ecrkvcn" ejcpigu." eqpukuvkpi" rtkoctkn{" qh" cp" kpetgcug" kp"kpxgpvqtkgu"of ₹ 5470;7"oknnkqp"cpf"cp"kpetgcug"kp"loans and advances of ₹"79092"oknnkqp0"Vjku"ycu"rctvkcnn{"ugv"qhh"d{"cp"kpetgcug"kp"vtcfg"rc{cdngu"qh"₹ ;5075"oknnkqp0""Ecuj"Hnqy"htqo"Kpxguvkpi"Cevkxkvkgu"""

Pgv"ecuj"wugf"kp"kpxguvkpi"cevkxkvkgu"hqt"Hkuecn"4238"was ₹ 6704;"oknnkqp."rtkoctkn{"eqpukuvkpi"qh"kpxguvogpvu"hqt"vjg"ceswkukvkqp"qh"kpvgtguv"kp"uwdukfkctkgu"cpf"lqkpv"xgpvwtgu"of ₹ 545045"oknnkqp"cpf"rwtejcug"qh"hkzgf"cuugvu"of ₹ 342023"oknnkqp."yjkej"ycu"qhhugv"d{"vjg"tgfgorvkqp1ocvwtkv{"qh"dcpm"fgrqukvu"coqwpvkpi"vq"₹ 593042"oknnkqp0"""Pgv"ecuj"wugf"kp"kpxguvkpi"cevkxkvkgu"hqt"Hkuecn"2015 was ₹ 335045"oknnkqp."rtkoctkn{"eqpukuvkpi"qh"gzrgpfkvwtg"qp"rwtejcug" qh" hkzgf" cuugvu" of ₹ 3960::"oknnkqp." rctvkcnn{" qhhugv" d{" vjg" tgfgorvkqp1ocvwtkv{" qh" dcpm" fgrqukvu"coqwpvkpi"vq"₹ 88099"oknnkqp"cpf"vjg"kpvgtguv"on investments of ₹"66092"oknnkqp0"""Pgv"ecuj"wugf"kp"kpxguvkpi"cevkxkvkgu"hqt"Hkuecn"4236"was ₹ 5;036"oknnkqp."rtkoctkn{"eqpukuvkpi"qh"gzrgpfkvwtg"qp"rwtejcug"qh"hkzgf"cuugvu"of ₹ 566059"oknnkqp"cpf"kpxguvogpvu"kp"dcpm"fgrqukvu"of ₹ 334097"oknnkqp."rctvkcnn{"qhhugv"d{"vjg"tgfgorvkqp"qt"ocvwtkv{"qh"dcpm"fgrqukvu"coqwpvkpi"vq"₹ 45503:"oknnkqp0"""Ecuj"Hnqy"htqo"Hkpcpekpi"Cevkxkvkgu"""

Pgv"cash generated from financing activities for Fiscal 2016 was ₹ 36.78 million primarily consisting of proceeds htqo"ecuj"etgdit and working capital facilities of ₹ 172.40 million and proceeds of borrowings amounting to ₹ 55.17 million, which was offset in part by payment of finance costs of ₹ 117.97 million. ""Pgv"cash used in financing activities for Fiscal 2015 was ₹ 98.91 minnkqp"rtkoctkn{"eqpukuvkpi"qh"rc{ogpv" qh"finance costs of ₹ 116.96 million and repayment of borrowings of ₹ 78.44 million, which was offset in part by proceeds from cash credit and working capital facilities amounting to ₹ 61.07 million. ""

Pgv"ecuj"igpgtcved from financing activities for Fiscal 2014 was ₹ 333.35 million primarily consisting of issue of Equity Shares amounting to ₹ 365.77 oknnkqp"and proceeds from borrowings of ₹ 355.06 million, which were qhhugv"kp"rctv"d{"vjg"tgrc{ogpv"qh"dqttqykpiu"coqwpving to ₹ 271.49 million and payment of finance costs of ₹ 3370;;"oknnkqp0"""

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Hqtgkip"ewttgpe{"tkum""

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Significant Developments after March 31, 2016"

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40 Etro S.p.A (“Gvtq”) instituted a suit in the Court of"Okncp"cickpuv"INH"rwtuwcpv"vq"vyq"fkuvtkdwvqtujkr"agreements dated November 6, 2009 (the “Citggogpvu”) entered into between GLF and Etro S.p.A. Gvtq"jcu"enckogf"c"uwo"qh"GWT"306"oknnkqp"hqt"kpvgt"cnkc"GLF’s alleged failure to reach the guaranteed okpkowo"rwtejcug"tgswktgogpvu"kp"ceeqtfcpeg"ykvj"vjg"Citggogpvu."cpf"uwdugswgpv"enquwtg"qh"vyq"Gvtq"tgvckn"uvqtgu"kp"Owodck"cpf"Dcpicnqtg0"INH"jcu"enckogf"vjcv"kp"ceeqtfcpeg"ykvj"crrnkecdng"ncy."vjg"fgetgg"qh"vjg"Eqwtv"qh"Okncp"ku"pqv"gphqtegcdng"kp"Kpfkc."kp"xkgy"qh"Kvcn{"pqv"dgkpi"c"tgekrtqecvkpi"vgttkvqt{0""

"Ocvgtkcn"qwvuvcpfkpi"nkvkicvkqp"kpkvkcvgf"d{"qwt"Uwdukfkctkgu"""For details of material litigation initiated by our Subsidiary, GLF, please see “/"Ocvgtkcn"qwvuvcpfkpi"nkvkicvkqp"d{"qwt"Eqorcp{” on page 4;70""

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issued directions to the Serious Fraud Investigation Office (“UHKQ”) to undertake an investigation into the affairs of Suburban Diagnostics Private Limited (“UFRN”), an investee company of Sequoia Ecrkvcn" Kpfkc"Itqyvj" Kpxguvogpvu" KK." c" hwpf"cfxkugf"d{"Ugswqkc"Ecrkvcn" Kpfkc" Cfxkuqtu"Rtkxcvg"

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‘Genesis Retail Private Limited’.""

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RTQURGEVWU0" VJG" INQDCN" EQ/QTFKPCVQTU" CPF" DQQM" TWPPKPI" NGCF" OCPCIGTU."

DGKPI" KEKEK" UGEWTKVKGU" NKOKVGF" CPF" GFGNYGKUU" HKPCPEKCN" UGTXKEGU" NKOKVGF" CPF"

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IGPGTCNN[" CFGSWCVG" CPF" CTG" KP" EQPHQTOKV[" YKVJ" VJG" UGDK" *KUUWG" QH" ECRKVCN"

""

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CPF"FKUENQUWTG"TGSWKTGOGPVU+"TGIWNCVKQPU."422;"KP"HQTEG"HQT"VJG"VKOG"DGKPI0"

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GZRGEVGF"VQ"GZGTEKUG"FWG"FKNKIGPEG"VQ"GPUWTG"VJCV"VJG"EQORCP["FKUEJCTIGU"

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UGEWTKVKGU" NKOKVGF" CPF" GFGNYGKUU" HKPCPEKCN" UGTXKEGU" NKOKVGF" CPF" VJG" DQQM"

TWPPKPI" NGCF" OCPCIGT." DGKPI" CODKV" RTKXCVG" NKOKVGF." JCXG" HWTPKUJGF" VQ" VJG"

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EQNNCDQTCVQTU." GVE0" CPF" QVJGT" FQEWOGPVU" KP" EQPPGEVKQP" YKVJ" VJG"

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QHHGT="

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70 YG"EGTVKH["VJCV"YTKVVGP"EQPUGPV"HTQO"VJG"RTQOQVGTU"JCU"DGGP"QDVCKPGF"

FOR INCLUSION OF THEIR EQUITY SHARES AS PART OF THE PROMOTERS’

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PROMOTERS’ COPVTKDWVKQP."JCU"DGGP"FWN["EQORNKGF"YKVJ"CPF"CRRTQRTKCVG"

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TGIWNCVKQPU."422;"UJCNN"DG"EQORNKGF"YKVJ0"YG"EQPHKTO"VJCV"CTTCPIGOGPVU"

HAVE BEEN MADE TO ENSURE THAT PROMOTERS’ CONTRIBUTION SHALL BE

TGEGKXGF"CV"NGCUV"QPG"FC["DGHQTG"VJG"QRGPKPI"QH"VJG"QHHGT0"YG"WPFGTVCMG"

THAT AUDITORS’ CERTIFICATE TO THIS EFFECT SHALL BE DULY SUBMITTED TO THE

UGDK0"YG"HWTVJGT"EQPHKTO"VJCV"CTTCPIGOGPVU"JCXG"DGGP"OCFG"VQ"GPUWTG"

THAT THE PROMOTERS’ CONTRIBUTION WILL BE KEPT IN AP" GUETQY" CEEQWPV"

YKVJ" C" UEJGFWNGF" EQOOGTEKCN" DCPM" CPF" UJCNN" DG" TGNGCUGF" VQ" VJG"

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Rgthqtocpeg"xku/ä/xku"Qdlgevu"

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PART A "

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Book Building Procedure"

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""

54;""

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"

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""

552""

Dkfu" d{" UGDK" tgikuvgtgf" Xgpvwtg" Ecrkvcn" Hwpfu." Cnvgtpcvkxg" Kpxguvogpv" Hwpfu" cpf" Hqtgkip" Xgpvwtg"

Ecrkvcn"Kpxguvqtu""

"

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"Kp" ecug" qh" Dkfu"ocfg" d{" dcpmkpi" eqorcpkgu" tgikuvgtgf" ykvj" TDK." egtvkhkgf" eqrkgu" qh<" *k+" vjg" egtvkhkecvg" qh"registration issued by RBI, and (ii) the approval of such banking company’s investment committee are required vq"dg"cvvcejgf"vq"vjg"Dkf"ewo"Crrnkecvkqp"Hqto."hcknkpi"yjkej"qwt"Eqorcp{"tgugtxgu"vjg"tkijv"vq"tglgev"cp{"Dkf"ykvjqwv"cuukipkpi"cp{"tgcuqp"vjgtghqt0"""Vjg"kpxguvogpv"nkokv"hqt"dcpmkpi"eqorcpkgu"kp"pqp/hkpcpekcn"ugtxkegu"eqorcpkgu"cu"rgt"vjg"Dcpmkpi"Tgiwncvkqp"Act, 1949 (the “Dcpmkpi"Tgiwncvkqp"Cev”), and Master Direction –"Tgugtxg"Dcpm"qh"Kpfkc"*Hkpcpekcn"Ugtxkegu"rtqxkfgf"d{"Dcpmu+"Fktgevkqpu."4238."ku"32'"qh"vjg"rckf/wr"ujctg"ecrkvcn"qh"vjg"kpxguvgg"eqorcp{"qt"32'"qh"vjg"banks’ own paid/wr"ujctg"ecrkvcn"cpf"tgugtxgu."yjkejgxgt"ku"nguu0"Hwtvjgt."vjg"ciitgicvg"kpxguvogpv"d{"c"dcpmkpi"eqorcp{"kp"uwdukfkctkgu"cpf"qvjgt"gpvkvkgu"gpicigf"kp"hkpcpekcn"cpf"pqp/hkpcpekcn"ugtxkegu"eqorcp{"ecppqv"gzeggf"20% of the investee company’s paid/wr"ujctg"ecrkvcn"cpf"tgugtxgu0"C"dcpmkpi"eqorcp{"oc{"jqnf"wr"vq"52'"qh"vjg"rckf/wr"ujctg"ecrkvcn"qh"vjg"kpxguvgg"eqorcp{"ykvj"vjg"rtkqt"crrtqxcn"qh"vjg"TDK"rtqxkfgf"vjcv"vjg"kpxguvgg"eqorcp{"ku"gpicigf"kp"pqp/hkpcpekcn"cevkxkvkgu"kp"yjkej"dcpmkpi"eqorcpkgu"ctg"rgtokvvgf"vq"gpicig"wpfgt"vjg"Dcpmkpi"Tgiwncvkqp"Cev0""Dkfu"d{"UEUDu"

"SCSBs participating in the Offer are required to comply with the terms of the circulars dated September 13, 2012

and January 2, 2013 issued by the SEBI. Such SCSBs are required to ensure that for making applications on their

own account using ASBA, they should have a separate account in their own name with any other SEBI registered

SCSBs. Further, such account shall be used solely for the purpose of making application in public issues and clear

demarcated funds should be available in such account for such Bids.

"Dkfu"d{"kpuwtcpeg"eqorcpkgu"

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""

553""

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60303 HKGNF" PWODGT" 3<" PCOG" CPF" EQPVCEV" FGVCKNU" QH" VJG" UQNG1HKTUV"

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*c+ Dkffgtu1Crrnkecpvu"ujqwnf"gpuwtg"vjcv"vjg"pcog"rtqxkfgf"kp"vjku"hkgnf"ku"gzcevn{"vjg"ucog"cu"vjg"pcog"kp"yjkej"vjg"Fgrqukvqt{"Ceeqwpv"ku"jgnf0"

*d+ Ocpfcvqt{" Hkgnfu<" Dkffgtu1Crrnkecpvu" ujqwnf" pqvg" vjcv" vjg" pcog" cpf" cfftguu" hkgnfu" ctg"eqorwnuqt{" cpf" g/ockn" cpf1qt" vgngrjqpg" pwodgt1oqdkng" pwodgt" hkgnfu" ctg" qrvkqpcn0"Dkffgtu1Crrnkecpvu"ujqwnf"pqvg"vjcv"vjg"eqpvcev"fgvcknu"ogpvkqpgf"kp"vjg"Dkf/ewo"Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto"oc{"dg"wugf" vq"fkurcvej"eqoowpkecvkqpu*kpenwfkpi" ngvvgtu"pqvkh{kpi"vjg" wpdnqemkpi" qh" vjg" dcpm" ceeqwpvu" qh" Dkffgtu" *qvjgt" vjcp" Cpejqt" Kpxguvqtu+" kp" ecug" vjg"eqoowpkecvkqp"ugpv"vq"vjg"cfftguu"cxckncdng"ykvj"vjg"Fgrqukvqtkgu"ctg"tgvwtpgf"wpfgnkxgtgf"qt"ctg"pqv"cxckncdng0"Vjg"eqpvcev"fgvcknu"rtqxkfgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"oc{"dg"wugf"d{" vjg" Kuuwgt." Fgukipcvgf" Kpvgtogfkctkgu" cpf" vjg" Tgikuvtct" vq" vjg" Qhhgt" qpn{" hqt"eqttgurqpfgpeg*u+"tgncvgf"vq"cp"Qhhgt"cpf"hqt"pq"qvjgt"rwtrqugu0"

*e+ Lqkpv"Dkfu1Crrnkecvkqpu<"Kp"vjg"ecug"qh"Lqkpv"Dkfu1Crrnkecvkqpu."vjg"Dkfu"1Crrnkecvkqpu"ujqwnf"dg"ocfg" kp" vjg" pcog" qh" vjg" Dkffgt1Crrnkecpv" yjqug" pcog" crrgctu" hktuv" kp" vjg" Fgrqukvqt{"ceeqwpv0"Vjg"pcog"uq"gpvgtgf"ujqwnf"dg"vjg"ucog"cu"kv"crrgctu"kp"vjg"Fgrqukvqt{"tgeqtfu0"Vjg"ukipcvwtg"qh"qpn{" uwej" hktuv"Dkffgt1Crrnkecpv"yqwnf"dg" tgswktgf" kp" vjg"Dkf"ewo"Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto"cpf"uwej"hktuv"Dkffgt1Crrnkecpv"yqwnf"dg"fggogf"vq"jcxg"ukipgf"qp"dgjcnh"qh"vjg"lqkpv"jqnfgtu0"Cnn"eqoowpkecvkqpu"oc{"dg"cfftguugf"vq"uwej"Dkffgt1Crrnkecpv"cpf"oc{"dg" fkurcvejgf" vq" jku" qt" jgt" cfftguu" cu"rgt" vjg" Fgoqitcrjke" Fgvcknu" tgegkxgf" htqo" vjg"Fgrqukvqtkgu0"

*f+ Korgtuqpcvkqp<"Cvvgpvkqp"qh"vjg"Dkffgtu1Crrnkecpvu"ku"urgekhkecnn{"ftcyp"vq"vjg"rtqxkukqpu"qh"uwd/ugevkqp"*3+"qh"Ugevkqp"5:"qh"vjg"Eqorcpkgu"Cev"4235"yjkej"ku"tgrtqfwegf"dgnqy<"

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*c+ ocmgu" qt" cdgvu" ocmkpi" qh" cp" crrnkecvkqp" kp" c" hkevkvkqwu" pcog" vq" c" eqorcp{" hqt"ceswktkpi."qt"uwduetkdkpi"hqt."kvu"ugewtkvkgu="qt"

*d+ ocmgu"qt"cdgvu"ocmkpi"qh"ownvkrng"crrnkecvkqpu"vq"c"eqorcp{"kp"fkhhgtgpv"pcogu"qt"kp"fkhhgtgpv"eqodkpcvkqpu"qh"jku"pcog"qt"uwtpcog"hqt"ceswktkpi"qt"uwduetkdkpi"hqt"kvu"ugewtkvkgu="qt"

*e+ qvjgtykug"kpfwegu"fktgevn{"qt"kpfktgevn{"c"eqorcp{"vq"cnnqv."qt"tgikuvgt"cp{"vtcpuhgt"qh."ugewtkvkgu"vq"jko."qt"vq"cp{"qvjgt"rgtuqp"kp"c"hkevkvkqwu"pcog."

ujcnn"dg"nkcdng"hqt"cevkqp"wpfgt"Ugevkqp"6690”"

Vjg"nkcdknkv{"rtguetkdgf"wpfgt"Ugevkqp"669"qh"vjg"Eqorcpkgu"Cev"4235"kpenwfgu"kortkuqpogpv"hqt"c"vgto"yjkej"ujcnn"pqv"dg"nguu"vjcp"ukz"oqpvju"gzvgpfkpi"wr"vq"32"{gctu"*rtqxkfgf"vjcv"yjgtg"vjg"htcwf"kpxqnxgu"rwdnke"kpvgtguv."uwej"vgto"ujcnn"pqv"dg"nguu"vjcp"vjtgg"{gctu+"cpf"hkpg"qh"cp"coqwpv"pqv" nguu" vjcp" vjg"coqwpv" kpxqnxgf" kp" vjg" htcwf."gzvgpfkpi"wr" vq" vjtgg" vkogu"qh" uwej"coqwpv0"

*g+ Pqokpcvkqp"Hceknkv{"vq"Dkffgt1Crrnkecpv<"Pqokpcvkqp"hceknkv{"ku"cxckncdng"kp"ceeqtfcpeg"ykvj"vjg"rtqxkukqpu"qh"Ugevkqp"94"qh" vjg"Eqorcpkgu"Cev"42350"Kp"ecug"qh"Cnnqvogpv"qh" vjg"Gswkv{"Ujctgu"kp"fgocvgtkcnk|gf"hqto."vjgtg"ku"pq"pggf"vq"ocmg"c"ugrctcvg"pqokpcvkqp"cu"vjg"pqokpcvkqp"tgikuvgtgf"ykvj"vjg"Fgrqukvqt{"oc{"rtgxckn0"Hqt"ejcpikpi"pqokpcvkqpu."vjg"Dkffgtu1Crrnkecpvu"ujqwnf"kphqto"vjgkt"tgurgevkxg"FR0"

60304 HKGNF"PWODGT"4<"RCP"QH"UQNG1HKTUV"DKFFGT1CRRNKECPV"

*c+ RCP" *qh" vjg" uqng1" hktuv" Dkffgt1Crrnkecpv+" rtqxkfgf" kp" vjg" Dkf" ewo" Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto"ujqwnf"dg"gzcevn{"vjg"ucog"cu"vjg"RCP"qh"vjg"rgtuqp*u+"kp"yjqug"pcog"the relevant beneficiary account is held as per the Depositories’ records."

*d+ RCP" ku" vjg" uqng" kfgpvkhkecvkqp" pwodgt" hqt" rctvkekrcpvu" vtcpucevkpi" kp" vjg" ugewtkvkgu"octmgv"kttgurgevkxg"qh"vjg"coqwpv"qh"vtcpucevkqp"gzegrv"hqt"Dkfu1Crrnkecvkqpu"qp"dgjcnh"qh"vjg"Egpvtcn"qt" Uvcvg" Iqxgtpogpv." Dkfu1Crrnkecvkqpu" d{" qhhkekcnu" crrqkpvgf" d{" vjg" eqwtvu" cpf"Bids/Applications by Bidders/Applicants residing in Sikkim (“PAN Exempted Bidders/Applicants”). Consequently, all Bidders/Applicants, other" vjcp" vjg" RCP" Gzgorvgf"

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Dkffgtu1Crrnkecpvu." ctg" tgswktgf" vq" fkuenqug" vjgkt" RCP" kp" vjg" Dkf" ewo" Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto."kttgurgevkxg"qh"vjg"Dkf1Crrnkecvkqp"Coqwpv0"C"Dkf"ewo"Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto"ykvjqwv"RCP."gzegrv"kp"ecug"qh"Gzgorvgf"Dkffgtu1Crrnkecpvu."ku"nkcdng"vq"dg"tglgevgf0"Dkfu1Crrnkecvkqpu"d{"vjg"Dkffgtu1Crrnkecpvu"yjqug"RCP"ku"pqv"cxckncdng"cu"rgt"vjg"Fgoqitcrjke"Fgvcknu"cxckncdng"kp"vjgkt"Fgrqukvqt{"tgeqtfu."ctg"nkcdng"vq"dg"tglgevgf0"

*e+ Vjg"gzgorvkqp"hqt"vjg"RCP"Gzgorvgf"Dkffgtu1Crrnkecpvu"ku"uwdlgev" vq"*c+"vjg"Fgoqitcrjke"Fgvcknu" tgegkxgf" htqo" vjg" tgurgevkxg" Fgrqukvqtkgu" eqphktokpi" vjg" gzgorvkqp" itcpvgf" vq" vjg"dgpghkekct{" qypgt" d{" c" uwkvcdng" fguetkrvkqp" kp" vjg" RCP" hkgnf" cpf" vjg" dgpghkekct{" ceeqwpv"remaining in “active status”; apf"*d+"kp"vjg"ecug"qh"tgukfgpvu"qh"Ukmmko."vjg"cfftguu"cu"rgt"vjg"Fgoqitcrjke"Fgvcknu"gxkfgpekpi"vjg"ucog0"

*f+ Dkf" ewo" Crrnkecvkqp" Hqtou1Crrnkecvkqp" Hqtou" yjkej" rtqxkfg" vjg"Igpgtcn" Kpfgz" Tgikuvgt"Pwodgt"kpuvgcf"qh"RCP"oc{"dg"tglgevgf0"

*g+ Dkfu1Crrnkecvkqpu"d{"Dkffers whose demat accounts have been ‘suspended for credit’ are liable vq" dg" tglgevgf" rwtuwcpv" vq" vjg" ektewnct" kuuwgf" d{" UGDK" qp" Lwn{" 4;." 4232." dgctkpi" pwodgt"CIR/MRD/DP/22/2010. Such accounts are classified as “Inactive demat accounts” and Fgoqitcrjke"Fgvcknu"ctg"pqv"rtqxkfgf"d{"fgrqukvqtkgu0"

60305 HKGNF"PWODGT"5<"DKFFGTU1CRRNKECPVU"FGRQUKVQT["CEEQWPV"FGVCKNU"

*c+ Dkffgtu1Crrnkecpvu"ujqwnf"gpuwtg"vjcv"FR"KF"cpf"vjg"Enkgpv"KF"ctg"eqttgevn{"hknngf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto0"Vjg"FR"KF"cpf"Enkgpv"KF"rtqxkfgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto"ujqwnf"ocvej"ykvj"vjg"FR"KF"cpf"Enkgpv"KF"cxckncdng"kp"vjg" Fgrqukvqt{" fcvcdcug." qvjgtykug." vjg" Dkf" ewo" Crrnkecvkqp" Hqto1Crrnkecvkqp" Hqto" ku"

nkcdng"vq"dg"tglgevgf0"

*d+ Dkffgtu1Crrnkecpvu" ujqwnf" gpuwtg" vjcv" vjg" dgpghkekct{" ceeqwpv" rtqxkfgf" kp" vjg" Dkf" ewo"Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto"ku"cevkxg0"

*e+ Dkffgtu1Crrnkecpvu"ujqwnf"pqvg"vjcv"qp"vjg"dcuku"qh"vjg"RCP."FR"KF"cpf"Enkgpv"KF"cu"rtqxkfgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto."vjg"Dkffgt1Crrnkecpv"oc{"dg"fggogf"vq"jcxg" cwvjqtk|gf" vjg" Fgrqukvqtkgu" vq" rtqxkfg" vq" vjg" Tgikuvtct" vq" vjg" Qhhgt." cp{" tgswguvgf"Fgoqitcrjke"Fgvcknu"qh"vjg"Dkffgt1Crrnkecpv"cu"cxckncdng"qp"vjg"tgeqtfu"qh"vjg"fgrqukvqtkgu0"Vjgug"Fgoqitcrjke"Fgvcknu"oc{"dg"wugf."coqpi"qvjgt"vjkpiu."hqt"cp{"eqttgurqpfgpeg*u+"tgncvgf"vq"cp"Qhhgt0""

*f+ Dkffgtu1Crrnkecpvu"ctg."cfxkugf"vq"wrfcvg"cp{"ejcpigu"vq"vjgkt"Fgoqitcrjke"Fgvcknu"cu"cxckncdng"kp"vjg"tgeqtfu"qh"vjg"Fgrqukvqt{"Rctvkekrcpv"vq"gpuwtg"ceewtce{"qh"tgeqtfu0"Cp{"fgnc{"tguwnvkpi"htqo"hcknwre to update the Demographic Details would be at the Bidders/Applicants’ sole risk."

60306 HKGNF"PWODGT"6<"DKF"QRVKQPU"

*c+ Rtkeg" qt" Hnqqt" Rtkeg" qt"Rtkeg" Dcpf."okpkowo" Dkf" Nqv" cpf" Fkueqwpv" *kh" crrnkecdng+"oc{"dg"fkuenqugf" kp" vjg"Rtqurgevwu1TJR"d{" vjg"Kuuwgt0"Vjg"Kuuwgt" ku" tgswktgf" vq"cppqwpeg" vjg"Hnqqt"Rtkeg"qt"Rtkeg"Dcpf."okpkowo"Dkf"Nqv"cpf"Fkueqwpv"*kh"crrnkecdng+"d{"yc{"qh"cp"cfxgtvkugogpv"kp"cv"ngcuv"qpg"Gpinkuj."qpg"Jkpfk"cpf"qpg"tgikqpcn"pgyurcrgt."ykvj"ykfg"ektewncvkqp."cv"ngcuv"hkxg"Yqtmkpi"Fc{u"dghqtg"Dkf1Qhhgt"Qrgpkpi"Fcvg"kp"ecug"qh"cp"KRQ."cpf"cv"ngcuv"qpg"Yqtmkpi"Fc{"dghqtg"Dkf1Qhhgt"Qrgpkpi"Fcvg"kp"ecug"qh"cp"HRQ0"

*d+ Vjg" Dkffgtu"oc{" Dkf" cv" qt" cdqxg" Hnqqt" Rtkeg" qt" ykvjkp" vjg" Rtkeg" Dcpf" hqt" KRQu" 1HRQu"wpfgtvcmgp"vjtqwij"vjg"Dqqm"Dwknfkpi"Rtqeguu0"Kp"vjg"ecug"qh"Cnvgtpcvg"Dqqm"Dwknfkpi"Rtqeguu"hqt"cp"HRQ."vjg"Dkffgtu"oc{"Dkf"cv"Hnqqt"Rtkeg"qt"cp{"rtkeg"cdqxg"vjg"Hnqqt"Rtkeg"*Hqt"hwtvjgt"fgvcknu"dkffgtu"oc{"tghgt"vq"*Ugevkqp"708"*g++"

*e+ Ewv/Qhh"Rtkeg<"Tgvckn"Kpfkxkfwcn"Kpxguvqtu"qt"Gornq{ggu"qt"Tgvckn"Kpfkxkfwcn"Ujctgjqnfgtu"ecp"Dkf"cv"vjg"Ewv/qhh"Rtkeg"kpfkecvkpi"vjgkt"citggogpv"vq"Dkf"hqt"cpf"rwtejcug"vjg"Gswkv{"Ujctgu"cv"vjg"Qhhgt"Rtkeg"cu"fgvgtokpgf"cv"vjg"gpf"qh"vjg"Dqqm"Dwknfkpi"Rtqeguu0"Dkffkpi"cv"vjg"Ewv/qhh"Rtkeg"ku"rtqjkdkvgf"hqt"SKDu"cpf"PKKu"cpf"uwej"Dkfu"htqo"SKDu"cpf"PKKu"oc{"dg"tglgevgf0"

*f+ Okpkowo"Crrnkecvkqp"Xcnwg"cpf"Dkf"Nqv<"Vjg"Kuuwgt"kp"eqpuwnvcvkqp"ykvj"vjg"DTNO"oc{"

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6030603 Oczkowo"cpf"Okpkowo"Dkf"Uk|g"

*c+ Vjg"Dkffgt"oc{"Dkf"hqt"vjg"fguktgf"pwodgt"qh"Gswkv{"Ujctgu"cv"c"urgekhke"rtkeg0"Dkfu"d{"Tgvckn"Kpfkxkfwcn"Kpxguvqtu."Gornq{ggu"cpf"Tgvckn"Kpfkxkfwcn"Ujctgjqnfgtu"owuv"dg"hqt"uwej"pwodgt"qh" ujctgu" uq"cu" vq"gpuwtg" vjcv" vjg"Dkf"Coqwpv" nguu"Fkueqwpv" *cu"crrnkecdng+."rc{cdng"d{" vjg"Dkffgt"fqgu"pqv"gzeggf"Tu0"422.2220"

Kp"ecug"vjg"Dkf"Coqwpv"gzeggfu"Tu0"422.222"fwg"vq"tgxkukqp"qh"vjg"Dkf"qt"cp{"qvjgt"tgcuqp."vjg"Dkf"oc{"dg"eqpukfgtgf"hqt"cnnqecvkqp"wpfgt"vjg"Pqp/Kpuvkvwvkqpcn"Ecvgiqt{."ykvj"kv"pqv"dgkpi"gnkikdng"hqt"Fkueqwpv"vjgp"uwej"Dkf"oc{"dg"tglgevgf"kh"kv"ku"cv"vjg"Ewv/qhh"Rtkeg0"

*d+ Hqt"PTKu."c"Dkf"Coqwpv"qh"wr"vq"Tu0"422.222"oc{"dg"eqpukfgtgf"wpfgt"vjg"Tgvckn"Ecvgiqt{"hqt"vjg"rwtrqugu"qh"cnnqecvkqp"cpf"c"Dkf"Coqwpv"gzeggfkpi"₹ 422.222"oc{"dg"eqpukfgtgf"wpfgt"vjg"Pqp/Kpuvkvwvkqpcn"Ecvgiqt{"hqt"vjg"rwtrqugu"qh"cnnqecvkqp0"

*e+ Dkfu"d{"SKDu"cpf"PKKu"owuv"dg"hqt"uwej"okpkowo"pwodgt"qh"ujctgu"uwej"vjcv"vjg"Dkf"Coqwpv"gzeggfu"Tu0"422.222"cpf"kp"ownvkrngu"qh"uwej"pwodgt"qh"Gswkv{"Ujctgu"vjgtgchvgt."cu"oc{"dg"fkuenqugf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"cpf"vjg"TJR1Rtqurgevwu."qt"cu"cfxgtvkugf"d{"vjg"Kuuwgt."cu"vjg"ecug"oc{"dg0"Pqp/Institutional Bidders and QIBs are not allowed to Bid at ‘Cut/off Price’."

*f+ TKK"oc{" tgxkug"qt"ykvjftcy" vjgkt"dkfu"wntil Bid/Offer Closing Date. QIBs and NII’s cannot ykvjftcy"qt"nqygt"vjgkt"Dkfu"*kp"vgtou"qh"swcpvkv{"qh"Gswkv{"Ujctgu"qt"vjg"Dkf"Coqwpv+"cv"cp{"uvcig"chvgt"dkffkpi"cpf"ctg"tgswktgf"vq"rc{"vjg"Dkf"Coqwpv"wrqp"uwdokuukqp"qh"vjg"Dkf0"

*g+ Kp"ecug"vjg"Dkf"Coqwpv"tgfwegu"vq"Tu0"422.222"qt"nguu"fwg"vq"c"tgxkukqp"qh"vjg"Rtkeg"Dcpf."Dkfu"d{"vjg"Pqp/Kpuvkvwvkqpcn"Dkffgtu"yjq"ctg"gnkikdng"hqt"cnnqecvkqp"kp"vjg"Tgvckn"Ecvgiqt{"yqwnf"dg"eqpukfgtgf"hqt"cnnqecvkqp"wpfgt"vjg"Tgvckn"Ecvgiqt{0"

*h+ Hqt"Cpejqt"Kpxguvqtu."kh"crrnkecdng."vjg"Dkf"Coqwpv"ujcnn"dg"ngcuv"Tu032"etqtgu0"Qpg/vjktf"qh"vjg"Cpejqt"Kpxguvqt"Rqtvkqp"ujcnn"dg"tgugtxgf"hqt"fqoguvke"Owvwcn"Hwpfu."uwdlgev"vq"xcnkf"Dkfu"dgkpi"tgegkxgf"htqo"fqoguvke"Owvwcn"Hwpfu"cv"qt"cdqxg"vjg"rtkeg"cv"yjkej"cnnqecvkqp"ku"dgkpi"fqpg"vq"qvjgt"Cpejqt"Kpxguvqtu0"Dkfu"d{"xctkqwu"uejgogu"qh"c"Owvwcn"Hwpf"ujcnn"dg"ciitgicvgf"vq" fgvgtokpg" vjg" Dkf" Coqwpv0" C" Dkf" ecppqv" dg" uwdokvvgf" hqt"oqtg" vjcp" 82'" qh" vjg"SKD"Ecvgiqt{"wpfgt"vjg"Cpejqt"Kpxguvqt"Rqtvkqp0"Cpejqt"Kpxguvqtu"ecppqv"ykvjftcy"vjgkt"Dkfu"qt"nqygt"vjg"uk|g"qh"vjgkt"Dkfu"*kp"vgtou"qh"swcpvkv{"qh"Gswkv{"Ujctgu"qt"vjg"Dkf"Coqwpv+"cv"cp{"uvcig"chvgt"vjg"Cpejqt"Kpxguvqt"Dkf1Qhhgt"Rgtkqf"cpf"ctg"tgswktgf"vq"rc{"vjg"Dkf"Coqwpv"cv"vjg"vkog"qh"uwdokuukqp"qh"vjg"Dkf0"Kp"ecug"vjg"Cpejqt"Kpxguvqt"Qhhgt"Rtkeg"ku"nqygt"vjcp"vjg"Qhhgt"Rtkeg."vjg"dcncpeg"coqwpv"ujcnn"dg"rc{cdng"cu"rgt"vjg"rc{/kp/fcvg"ogpvkqpgf"kp"vjg"tgxkugf"ECP0"Kp"ecug"vjg"Qhhgt"Rtkeg"ku"nqygt"vjcp"vjg"Cpejqt"Kpxguvqt"Qhhgt"Rtkeg."vjg"coqwpv"kp"gzeguu"qh"vjg"Qhhgt"Rtkeg"rckf"d{"vjg"Cpejqt"Kpxguvqtu"ujcnn"pqv"dg"tghwpfgf"vq"vjgo0"

*i+ C"Dkf"ecppqv"dg"uwdokvvgf"hqt"oqtg"vjcp"vjg"Qhhgt"uk|g0"

*j+ Vjg"oczkowo"Dkf"d{"cp{"Dkffgt"kpenwfkpi"SKD"Dkffgt"ujqwnf"pqv"gzeggf"vjg"kpxguvogpv"nkokvu"rtguetkdgf"hqt"vjgo"wpfgt"vjg"crrnkecdng"ncyu0"

*k+ Vjg"rtkeg"cpf"swcpvkv{"qrvkqpu"uwdokvvgf"d{"vjg"Dkffgt"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"oc{"dg"vtgcvgf"cu"qrvkqpcn"dkfu"htqo"vjg"Dkffgt"cpf"oc{"pqv"dg"ewowncvgf0"Chvgt"fgvgtokpcvkqp"qh"vjg"Qhhgt"Rtkeg."vjg"pwodgt"qh"Gswkv{"Ujctgu"Dkf"hqt"d{"c"Dkffgt"cv"qt"cdqxg"vjg"Qhhgt"Rtkeg"oc{"dg"eqpukfgtgf"hqt"Cnnqvogpv"cpf"vjg"tguv"qh"vjg"Dkf*u+."kttgurgevkxg"qh"vjg"Dkf"Coqwpv"oc{"cwvqocvkecnn{" dgeqog" kpxcnkf0" Vjku" ku" pqv" crrnkecdng" kp" ecug" qh" HRQu" wpfgtvcmgp" vjtqwij"Cnvgtpcvg"Dqqm"Dwknfkpi"Rtqeguu"*Hqt"fgvcknu"qh"Dkffgtu"oc{"tghgt"vq"*Ugevkqp"708"*g++0"

""

"

569""

6030604 Ownvkrng"Dkfu"

*c+ Dkffgt"ujqwnf"uwdokv"qpn{"qpg"Dkf"ewo"Crrnkecvkqp"Hqto0"Dkffgt"ujcnn"jcxg"vjg"qrvkqp"vq"ocmg"c"oczkowo"qh"Dkfu"cv"vjtgg"fkhhgtgpv"rtkeg"ngxgnu"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"cpf"uwej"qrvkqpu"ctg"pqv"eqpukfgtgf"cu"ownvkrng"Dkfu0"

Uwdokuukqp"qh"c"ugeqpf"Dkf"ewo"Crrnkecvkqp"Hqto"vq"gkvjgt"vjg"ucog"qt"vq"cpqvjgt"Fgukipcvgf"Kpvgtogfkct{"cpf"fwrnkecvg"eqrkgu"qh"Dkf"ewo"Crrnkecvkqp"Hqtou"dgctkpi"vjg"ucog"crrnkecvkqp"pwodgt"ujcnn"dg"vtgcvgf"cu"ownvkrng"Dkfu"cpf"ctg"nkcdng"vq"dg"tglgevgf0"

*d+ Dkffgtu"ctg"tgswguvgf"vq"pqvg"vjg"hqnnqykpi"rtqegfwtgu"oc{"dg"hqnnqygf"d{"vjg"Tgikuvtct"vq"vjg"Qhhgt"vq"fgvgev"ownvkrng"Dkfu<"

k0 Cnn"Dkfu"oc{"dg"ejgemgf"hqt"eqooqp"RCP"cu"rgt"vjg"tgeqtfu"qh"vjg"Fgrqukvqt{0"Hqt"Dkffgtu"qvjgt"vjcp"Owvwcn"Hwpfu"cpf"HKK"uwd/ceeqwpvu."Dkfu"dgctkpi"vjg"ucog"RCP"oc{"dg"vtgcvgf"cu"ownvkrng"Dkfu"d{"c"Dkffgt"cpf"oc{"dg"tglgevgf0"

kk0 Hqt"Dkfu"htqo"Owvwcn"Hwpfu"cpf"HKK"uwd/ceeqwpvu."uwdokvvgf"wpfgt"vjg"ucog"RCP."cu"ygnn"cu"Dkfu"qp"dgjcnh"qh"vjg"RCP"Gzgorvgf"Dkffgtu."vjg"Dkf"ewo"Crrnkecvkqp"Hqtou"oc{"dg"ejgemgf"hqt"eqooqp"FR"KF"cpf"Enkgpv"KF0"Uwej"Dkfu"yjkej"jcxg"vjg"ucog"FR"KF"cpf"Enkgpv"KF"oc{"dg"vtgcvgf"cu"ownvkrng"Dkfu"cpf"ctg"nkcdng"vq"dg"tglgevgf0"

*e+ Vjg"hqnnqykpi"Dkfu"oc{"pqv"dg"vtgcvgf"cu"ownvkrng"Dkfu<"

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kk0 Ugrctcvg"Dkfu"d{"Owvwcn"Hwpfu"kp"tgurgev"qh"oqtg"vjcp"qpg"uejgog"qh"vjg"Owvwcn"Hwpf"rtqxkfgf"vjcv"vjg"Dkfu"engctn{"kpfkecvg"vjg"uejgog"hqt"yjkej"vjg"Dkf"jcu"dggp"ocfg0"

kkk0 Dkfu" d{" Owvwcn" Hwpfu." cpf" uwd/ceeqwpvu" qh" HKKu" *qt" HKKu" cpf" kvu" uwd/ceeqwpvu+"uwdokvvgf"ykvj"vjg"ucog"RCP"dwv"ykvj"fkhhgtgpv"dgpghkekct{"ceeqwpv"pwodgtu."Enkgpv"KFu"cpf"FR"KFu0"

kx0 Dkfu"d{"Cpejqt"Kpxguvqtu"wpfgt"vjg"Cpejqt"Kpxguvqt"Rqtvkqp"cpf"vjg"SKD"Ecvgiqt{0"

60307 HKGNF"PWODGT"7"<"ECVGIQT["QH"DKFFGTU"

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*d+ Wr"vq"82'"qh"vjg"SKD"Ecvgiqt{"ecp"dg"cnnqecvgf"d{"vjg"Kuuwgt."qp"c"fkuetgvkqpct{"dcuku"uwdlgev"vq"vjg"etkvgtkc"qh"okpkowo"cpf"oczkowo"pwodgt"qh"Cpejqt"Kpxguvqtu"dcugf"qp"cnnqecvkqp"uk|g."vq" vjg" Cpejqt" Kpxguvqtu." kp" ceeqtfcpeg" ykvj" UGDK" KEFT" Tgiwncvkqpu." ykvj" qpg/vjktf" qh" vjg"Cpejqt" Kpxguvqt" Rqtvkqp" tgugtxgf" hqt" fqoguvke" Owvwcn" Hwpfu" uwdlgev" vq" xcnkf" Dkfu" dgkpi"tgegkxgf" cv" qt" cdqxg" vjg" Qhhgt" Rtkeg0" Hqt" fgvcknu" tgictfkpi" cnnqecvkqp" vq" Cpejqt" Kpxguvqtu."Dkffgtu"oc{"tghgt"vq"vjg"TJR1Rtqurgevwu0"

*e+ Cp"Kuuwgt"ecp"ocmg"tgugtxcvkqp"hqt"egtvckp"ecvgiqtkgu"qh"Dkffgtu1Crrnkecpvu"cu"rgtokvvgf"wpfgt"vjg" UGDK" KEFT" Tgiwncvkqpu0" Hqt" fgvcknu" qh" cp{" tgugtxcvkqpu" ocfg" kp" vjg" Qhhgt."Dkffgtu1Crrnkecpvu"oc{"tghgt"vq"vjg"TJR1Rtqurgevwu0"

*f+ Vjg"UGDK"KEFT"Tgiwncvkqpu."urgekh{"vjg"cnnqecvkqp"qt"Cnnqvogpv"vjcv"oc{"dg"ocfg"vq"xctkqwu"ecvgiqtkgu"qh"Dkffgtu"kp"cp"Qhhgt"fgrgpfkpi"wrqp"eqornkcpeg"ykvj"vjg"gnkikdknkv{"eqpfkvkqpu0"Fgvcknu"rgtvckpkpi"vq"cnnqecvkqp"ctg"fkuenqugf"qp"tgxgtug"ukfg"qh"vjg"Tgxkukqp"Hqto0"Hqt"Qhhgt"urgekhke"fgvcknu"kp"tgncvkqp"vq"cnnqecvkqp"Dkffgt1Crrnkecpv"oc{"tghgt"vq"vjg"TJR1Rtqurgevwu0"

60308 HKGNF"PWODGT"8<"KPXGUVQT"UVCVWU"

*c+ Gcej"Dkffgt1Crrnkecpv"ujqwnf"ejgem"yjgvjgt"kv" ku"gnkikdng"vq"crrn{"wpfgt"crrnkecdng"ncy"cpf"gpuwtg"vjcv"cp{"rtqurgevkxg"Cnnqvogpv"vq"kv"kp"vjg"Qhhgt"ku"kp"eqornkcpeg"ykvj"vjg"kpxguvogpv"tguvtkevkqpu"wpfgt"crrnkecdng"ncy0"

""

"

56:""

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*e+ Dkffgtu1Crrnkecpvu"ujqwnf"ejgem"yjgvjgt"vjg{"ctg"gnkikdng"vq"crrn{"qp"pqp/tgrcvtkcvkqp"dcuku"qt"tgrcvtkcvkqp"dcuku"cpf"ujqwnf"ceeqtfkpin{"rtqxkfg"vjg"kpxguvqt"uvcvwu0"Fgvcknu"tgictfkpi"kpxguvqt"uvcvwu" ctg" fkhhgtgpv" kp" vjg" Tgukfgpv" Dkf" ewo" Crrnkecvkqp" Hqto" cpf" Pqp/Tgukfgpv" Dkf" ewo"Crrnkecvkqp"Hqto0"

*f+ Dkffgtu1Crrnkecpvu"ujqwnf"gpuwtg"vjcv"vjgkt"kpxguvqt"uvcvwu"ku"wrfcvgf"kp"vjg"Fgrqukvqt{"tgeqtfu0"

60309 HKGNF"PWODGT"9<"RC[OGPV"FGVCKNU"

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*d+ TKKu"yjq"Dkf"cv"Ewv/qhh"rtkeg"ujcnn"dg"dnqemgf"qp"vjg"Ecr"Rtkeg0"

*e+ Cnn" Dkffgtu" *gzegrv" Cpejqt" Kpxguvqtu+" ecp"rctvkekrcvg" kp" vjg" Qhhgt" qpn{" vjtqwij" vjg" CUDC"ogejcpkuo0""

*f+ Dkf"Coqwpv"ecppqv"dg"rckf" kp"ecuj."ejgswg."fgocpf"ftchv." vjtqwij"oqpg{"qtfgt"qt" vjtqwij"rquvcn"qtfgt0"

60309030 Kpuvtwevkqpu" hqt"Cpejqt" Kpxguvqtu<""

*c+ Cpejqt" Kpxguvqtu"oc{"uwdokv" vjgkt"Dkfu"ykvj"c"Dqqm"Twppkpi" Ngcf"Ocpcigt0""

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qp"dgjcnh"qh"vjg"Cpejqt"Kpxguvqtu"wpvkn"vjg"Fgukipcvgf"Fcvg0""

60309040 Rc{ogpv"kpuvtwevkqpu"hqt"Dkffgtu"*qvjgt" vjcp"Cpejqt" Kpxguvqtu+""*c+ Dkffgtu"oc{"uwdokv"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"gkvjgt"

k0 kp" gngevtqpke" oqfg" vjtqwij" vjg" kpvgtpgv" dcpmkpi" hceknkv{" qhhgtgf" d{" cp" UEUD"cwvjqtk|kpi"dnqemkpi"qh"hwpfu"vjcv"ctg"cxckncdng"kp"vjg"CUDC"ceeqwpv"urgekhkgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto."qt"

kk0 kp"rj{ukecn"oqfg" vq"cp{"Fgukipcvgf" Kpvgtogfkct{0""

*d+ Dkffgtu"owuv"urgekh{"vjg"Dcpm"Ceeqwpv"pwodgt"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto0"Vjg"Dkf"ewo"Crrnkecvkqp" Hqto" uwdokvvgf"d{"c"Dkffgt" cpf"yjkej" ku" ceeqorcpkgf"d{"ecuj." fgocpf"ftchv."ejgswg."oqpg{"qtfgt."rquvcn"qtfgt"qt"cp{"oqfg"qh"rc{ogpv"qvjgt"vjcp"dnqemgf"coqwpvu"kp"vjg"CUDC"Ceeqwpv"ockpvckpgf"ykvj"cp"UEUD."oc{"pqv"dg"ceegrvgf0"

*e+ Dkffgtu"ujqwnf"gpuwtg"vjcv"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"ku"cnuq"ukipgf"d{"vjg"CUDC"Ceeqwpv"jqnfgt*u+"kh"vjg"Dkffgt"ku"pqv"vjg"CUDC"Ceeqwpv"jqnfgt="

*f+ Dkffgtu" ujcnn" pqvg" vjcv" hqt" vjg" rwtrqug" qh" dnqemkpi" hwpfu" wpfgt" CUDC" hceknkv{" engctn{"fgoctecvgf"hwpfu"ujcnn"dg"cxckncdng"kp"vjg"ceeqwpv0"

""

"

56;""

*g+ Htqo"qpg"CUDC"Ceeqwpv."c"oczkowo"qh"hkxg"Dkfu"ewo"Crrnkecvkqp"Hqtou"ecp"dg"uwdokvvgf0"

*h+ Dkffgtu"ujqwnf"uwdokv"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"qpn{"cv"vjg"Dkffkpi"Egpvgtu."k0g0"vq"vjg"tgurgevkxg"ogodgt" qh" vjg" U{pfkecvg" cv" vjg" Urgekhkgf" Nqecvkqpu." vjg" UEUDu." vjg" Tgikuvgtgf"Dtqmgt" cv" vjg" Dtqmgt" Egpvtgu." vjg" TVC" cv" vjg" Fgukipcvgf" TVC" Nqecvkqpu" qt" EFR" cv" vjg"Fgukipcvgf"EFR"Nqecvkqpu0""

*i+ Dkffgtu"dkffkpi" vjtqwij"Fgukipcvgf" Kpvgtogfkctkgu" qvjgt" vjcp" c"UEUD." ujqwnf"pqvg" vjcv"CUDC"Hqtou" uwdokvvgf" vq"uwej"Fgukipcvgf"Kpvgtogfkct{"oc{"pqv"dg"ceegrvgf." kh" vjg"UEUD"yjgtg"vjg"CUDC"Ceeqwpv."cu"urgekhkgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto."ku"ockpvckpgf"jcu"pqv"pcogf"cv"ngcuv"qpg"dtcpej"cv"vjcv"nqecvkqp"hqt"uwej"Fgukipcvgf"Kpvgtogfkct{."vq"fgrqukv"CUDC"Hqtou0"

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*k+ Wrqp"tgegkrv"qh"vjg"Dkf"ewo"Crrnkecvkqp"Hqto."vjg"Fgukipcvgf"Dtcpej"qh"vjg"UEUD"oc{"xgtkh{"kh"uwhhkekgpv"hwpfu"gswcn"vq"vjg"Dkf"Coqwpv"ctg"cxckncdng"kp"vjg"CUDC"Ceeqwpv."cu"ogpvkqpgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto0"

*l+ Kh" uwhhkekgpv" hwpfu" ctg" cxckncdng" kp" vjg" CUDC" Ceeqwpv." vjg" UEUD"oc{" dnqem" cp" coqwpv"gswkxcngpv"vq"vjg"Dkf"Coqwpv"ogpvkqpgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"cpf"hqt"crrnkecvkqp"fktgevn{"uwdokvvgf"vq"UEUD"d{"kpxguvqt."oc{"gpvgt"gcej"Dkf"qrvkqp"kpvq"vjg"gngevtqpke"dkffkpi"u{uvgo"cu"c"ugrctcvg"Dkf0"

*m+ Kh"uwhhkekgpv"hwpfu"ctg"pqv"cxckncdng"kp"vjg"CUDC"Ceeqwpv."vjg"Fgukipcvgf"Dtcpej"qh"vjg"UEUD"oc{" pqv" wrnqcf" uwej" Dkfu" qp" vjg" Uvqem" Gzejcpig" rncvhqto" cpf" uwej" dkfu" ctg" nkcdng" vq" dg"tglgevgf0"

*n+ Wrqp"uwdokuukqp"qh"c"eqorngvgf"Dkf"ewo"Crrnkecvkqp"Hqto"gcej"Dkffgt"oc{"dg"fggogf"vq"jcxg"citggf"vq"dnqem"vjg"gpvktg"Dkf"Coqwpv"cpf"cwvjqtk|gf"vjg"Fgukipcvgf"Dtcpej"qh"vjg"UEUD"vq"dnqem" vjg"Dkf"Coqwpv" urgekhkgf" kp" vjg"Dkf"ewo"Crrnkecvkqp"Hqto" kp" vjg"CUDC"Ceeqwpv"ockpvckpgf"ykvj"vjg"UEUDu0"

*o+ Vjg"Dkf"Coqwpv"oc{"tgockp"dnqemgf"kp"vjg"chqtguckf"CUDC"Ceeqwpv"wpvkn"hkpcnkucvkqp"qh"vjg"Dcuku" qh" Cnnqvogpv" cpf" eqpugswgpv" vtcpuhgt" qh" vjg" Dkf" Coqwpv" cickpuv" vjg" Cnnqvvgf" Gswkv{"Ujctgu" vq" vjg" Rwdnke" QhhgtCeeqwpv." qt" wpvkn" ykvjftcycn" qt" hcknwtg" qh" vjg" Kuuwg." qt" wpvkn"ykvjftcycn"qt"tglgevkqp"qh"vjg"Dkf."cu"vjg"ecug"oc{"dg0"

*p+ UEUDu"dkffkpi"kp"vjg"Qhhgt"owuv"crrn{"vjtqwij"cp"Ceeqwpv"ockpvckpgf"ykvj"cp{"qvjgt"UEUD="gnug"vjgkt"Dkfu"ctg"nkcdng"vq"dg"tglgevgf0"

603090303 Wpdnqemkpi"qh"CUDC"Ceeqwpv"

*c+ Qpeg"vjg"Dcuku"qh"Cnnqvogpv"ku"crrtqxgf"d{"vjg"Fgukipcvgf"Uvqem"Gzejcpig."vjg"Tgikuvtct"vq"vjg"Qhhgt"oc{"rtqxkfg"vjg"hqnnqykpi"fgvcknu"vq"vjg"eqpvtqnnkpi"dtcpejgu"qh"gcej"UEUD."cnqpi"ykvj"kpuvtwevkqpu"vq"wpdnqem"vjg"tgngxcpv"dcpm"ceeqwpvu"cpf"hqt"uweeguuhwn"crrnkecvkqpu"vtcpuhgt"vjg"tgswkukvg"oqpg{"vq"vjg"Rwdnke"Qhhgt"Ceeqwpv"fgukipcvgf"hqt"vjku"rwtrqug."ykvjkp"vjg"urgekhkgf"vkognkpgu<"*k+"vjg"pwodgt"qh"Gswkv{"Ujctgu"vq"dg"Cnnqvvgf"cickpuv"gcej"Dkf."*kk+"vjg"coqwpv"vq"dg"vtcpuhgttgf"htqo"vjg"tgngxcpv"dcpm"ceeqwpv"vq"vjg"Rwdnke"Qhhgt"Ceeqwpv."hqt"gcej"Dkf."*kkk+"vjg"fcvg"d{"yjkej"hwpfu"tghgttgf"vq"kp"*kk+"cdqxg"oc{"dg"vtcpuhgttgf"vq"vjg"Rwdnke"Qhhgt"Ceeqwpv."*kx+"vjg"coqwpv"vq"dg"wpdnqemgf."kh"cp{"kp"ecug"qh"rctvkcn"cnnqvogpvu"cpf"*x+"fgvcknu"qh"tglgevgf"CUDC"Dkfu."kh"cp{."cnqpi"ykvj"tgcuqpu"hqt"tglgevkqp"cpf"fgvcknu"qh"ykvjftcyp"qt"wpuweeguuhwn"Dkfu."kh"cp{."vq"gpcdng"vjg"UEUDu"vq"wpdnqem"vjg"tgurgevkxg"dcpm"ceeqwpvu0"

*d+ Qp"vjg"dcuku"qh"kpuvtwevkqpu"htqo"vjg"Tgikuvtct"vq"vjg"Kuuwg."vjg"UEUDu"oc{"vtcpuhgt"vjg"tgswkukvg"coqwpv"cickpuv"gcej"uweeguuhwn"Dkffgt"vq"vjg"Rwdnke"Qhhgt"Ceeqwpv"cpf"oc{"wpdnqem"vjg"gzeguu"coqwpv."kh"cp{."kp"vjg"CUDC"Ceeqwpv0"

*e+ Kp"vjg"gxgpv"qh"ykvjftcycn"qt"tglgevkqp"qh"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"cpf"hqt"wpuweeguuhwn"Dkfu."vjg"Tgikuvtct"vq"vjg"Qhhgt"oc{"ikxg"kpuvtwevkqpu"vq"vjg"UEUD"vq"wpdnqem"vjg"Dkf"Coqwpv"kp"vjg"tgngxcpv"CUDC"Ceeqwpv"ykvjkp"ukz"Yqtmkpi"Fc{u"qh"vjg"Dkf1Qhhgt"Enqukpi"Fcvg0"

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6030904 Fkueqwpv"*kh"crrnkecdng+"

*c+ Vjg"Fkueqwpv"ku"uvcvgf"kp"cduqnwvg"twrgg"vgtou0"

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*e+ Vjg"Dkffgtu"gpvkvngf"vq"vjg"crrnkecdng"Fkueqwpv"kp"vjg"Qhhgt"oc{"dnqem"hqt"cp"coqwpv"k0g0"vjg"Dkf"Coqwpv"nguu"Fkueqwpv"*kh"crrnkecdng+0"

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6030: HKGNF"PWODGT":<"UKIPCVWTGU"CPF"QVJGT"CWVJQTKUCVKQPU"

*c+ Qpn{"vjg"Hktuv"Dkffgt1Crrnkecpv"ku"tgswktgf"vq"ukip"vjg"Dkf"ewo"Crrnkecvkqp"Hqto1Crrnkecvkqp"Hqto0"Dkffgtu1Crrnkecpvu"ujqwnf"gpuwtg"vjcv"ukipcvwtgu"ctg"kp"qpg"qh"vjg"ncpiwcigu"urgekhkgf"kp"vjg"Gkijvj"Uejgfwng"vq"vjg"Eqpuvkvwvkqp"qh"Kpfkc0"

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6030; CEMPQYNGFIGOGPV"CPF"HWVWTG"EQOOWPKECVKQP"

*c+ Dkffgtu" ujqwnf" gpuwtg" vjcv" vjg{" tgegkxg" vjg" Cempqyngfiogpv" unkr" qt" vjg" cempqyngfigogpv"pwodgt"fwn{"ukipgf"cpf"uvcorgf"d{"c"Fgukipcvgf"Kpvgtogfkct{."cu"crrnkecdng."hqt"uwdokuukqp"qh"vjg"Dkf"ewo"Crrnkecvkqp"Hqto0"

*d+ Cnn" eqoowpkecvkqpu" kp" eqppgevkqp" ykvj" Dkfu1Crrnkecvkqpu" ocfg" kp" vjg" Qhhgt" ujqwnf" dg"cfftguugf"cu"wpfgt<"

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kk0 Kp" ecug" qh" Dkfu" uwdokvvgf" vq" vjg" Fgukipcvgf" Dtcpejgu" qh" vjg" UEUDu." vjg"Dkffgtu1Crrnkecpvu"ujqwnf"eqpvcev"vjg"tgngxcpv"Fgukipcvgf"Dtcpej"qh"vjg"UEUD0"

kkk0 Kp" ecug" qh" swgtkgu" tgncvkpi" vq" wrnqcfkpi" qh" U{pfkecvg" CUDC" Dkfu." vjg"Dkffgtu1Crrnkecpvu"ujqwnf"eqpvcev"vjg"tgngxcpv"U{pfkecvg"Ogodgt0"

kx0 Kp" ecug" qh"swgtkgu" tgncvkpi" vq" wrnqcfkpi" qh" Dkfu"d{" c" Fgukipcvgf" Kpvgtogfkct{." vjg"Dkffgtu1Crrnkecpvu"ujqwnf"eqpvcev"vjg"tgngxcpv"Fgukipcvgf"Kpvgtogfkct{0"

x0 Dkffgt1Crrnkecpv"oc{" eqpvcev" vjg" Eqorcp{" Ugetgvct{" cpf" Eqornkcpeg" Qhhkegt" qt"DTNO*u+"kp"ecug"qh"cp{"qvjgt"eqornckpvu"kp"tgncvkqp"vq"vjg"Kuuwg0"

*e+ Vjg"hqnnqykpi"fgvcknu"*cu"crrnkecdng+"ujqwnf"dg"swqvgf"yjkng"ocmkpi"cp{"swgtkgu"–"

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604 KPUVTWEVKQPU"HQT"HKNKPI"VJG"TGXKUKQP"HQTO"

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*d+ TKK"oc{"tgxkug"vjgkt"Dkfu"qt"ykvjftcy"vjgkt"dkfu"wpvkn"Dkf1Qhhgt"Enqukpi"fcvg0"

*e+ Tgxkukqpu"ecp"dg"ocfg"kp"dqvj"vjg"fguktgf"pwodgt"qh"Gswkv{"Ujctgu"cpf"vjg"Dkf"Coqwpv"d{"wukpi"vjg"Tgxkukqp"Hqto0"

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60403 HKGNFU" 3." 4" CPF" 5<" PCOG" CPF" EQPVCEV" FGVCKNU" QH" UQNG1HKTUV"

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60404 FIELD 4 & 5: BID OPTIONS REVISION ‘FROM’ AND ‘TO’"

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*d+ Kp"ecug"qh"tgxkukqp."Dkf"qrvkqpu"ujqwnf"dg"rtqxkfgf"d{"Dkffgtu1Crrnkecpvu"kp"vjg"ucog"qtfgt"cu"rtqxkfgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto0"

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60405 HKGNF"8<"RC[OGPV"FGVCKNU"

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*d+ Dkffgt1Crrnkecpv."Dkffgt1Crrnkecpv"oc{"Qhhgt"kpuvtwevkqpu"vq"dnqem"vjg"tgxkugf"coqwpv"dcugf"qp"ecr"qh"vjg"tgxkugf"Rtkeg"Dcpf"*cflwuvgf"hqt"vjg"Fkueqwpv"*kh"crrnkecdng+"kp"vjg"CUDC"Ceeqwpv."vq" vjg" ucog" Fgukipcvgf" Kpvgtogfkct{" vjtqwij" yjqo" uwej" Dkffgt1Crrnkecpv" jcf" rncegf" vjg"qtkikpcn"Dkf"vq"gpcdng"vjg"tgngxcpv"UEUD"vq"dnqem"vjg"cffkvkqpcn"Dkf"Coqwpv."kh"cp{0"

*e+ Kp"ecug"vjg"vqvcn"coqwpv"*k0g0."qtkikpcn"Dkf"Coqwpv"nguu"fkueqwpv"*kh"crrnkecdng+"rnwu"cffkvkqpcn"rc{ogpv+" gzeggfu" Tu0" 422.222." vjg" Dkf"oc{" dg" eqpukfgtgf" hqt" cnnqecvkqp" wpfgt" vjg" Pqp/Kpuvkvwvkqpcn"Ecvgiqt{"kp"vgtou"qh"vjg"TJR1Rtqurgevwu0"Kh."jqygxgt."vjg"Dkffgt1Crrnkecpv"fqgu"pqv"gkvjgt"tgxkug"vjg"Dkf"qt"ocmg"cffkvkqpcn"rc{ogpv"cpf"vjg"Qhhgt"Rtkeg"ku"jkijgt"vjcp"vjg"ecr"qh" vjg" Rtkeg" Dcpf" rtkqt" vq" tgxkukqp." vjg" pwodgt" qh" Gswkv{" Ujctgu" Dkf" hqt"oc{" dg" cflwuvgf"fqypyctfu"hqt"vjg"rwtrqug"qh"Cnnqvogpv."uwej"vjcv"pq"cffkvkqpcn"coqwpv"ku"tgswktgf"hqt"dnqemkpi"Dkffgt1Crrnkecpv"cpf"vjg"Dkffgt1Crrnkecpv"ku"fggogf"vq"jcxg"crrtqxgf"uwej"tgxkugf"Dkf"cv"vjg"

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*f+ Kp" ecug" qh" c" fqypyctf" tgxkukqp" kp" vjg" Rtkeg" Dcpf." TKKu." Gornq{ggu" cpf" Tgvckn" Kpfkxkfwcn"Ujctgjqnfgtu." yjq" jcxg"dkf" cv" vjg"Ewv/qhh" Rtkeg."eqwnf" gkvjgt" tgxkug" vjgkt"Dkf"qt" vjg" gzeguu"coqwpv"rckf"cv"vjg"vkog"qh"Dkffkpi"oc{"dg"wpdnqemgf0"

60406 HKGNFU"9"<"UKIPCVWTGU"CPF"CEMPQYNGFIGOGPVU"

Dkffgtu1Crrnkecpvu"oc{"tghgt"vq"kpuvtwevkqpu"eqpvckpgf"cv"rctcitcrju"6030:"cpf"6030;"hqt"vjku"rwtrqug0"

605 KPUVTWEVKQPU" HQT" HKNKPI" CRRNKECVKQP" HQTO" KP" KUUWGU" OCFG" QVJGT" VJCP"

VJTQWIJ"VJG"DQQM"DWKNFKPI"RTQEGUU"*HKZGF"RTKEG"KUUWG+"

60503 HKGNFU" 3." 4." 5" PCOG" CPF" EQPVCEV" FGVCKNU" QH" UQNG1HKTUV" DKFFGT1CRRNKECPV."

RCP"QH"UQNG1HKTUV"DKFFGT1CRRNKECPV"("FGRQUKVQT["CEEQWPV"FGVCKNU"QH"VJG"

DKFFGT1CRRNKECPV"

Crrnkecpvu"ujqwnf"tghgt"vq"kpuvtwevkqpu"eqpvckpgf"kp"rctcitcrju"60303."60304"cpf"603050"

60504 HKGNF"6<"RTKEG."CRRNKECVKQP"SWCPVKV["("COQWPV"

*c+ Vjg" Kuuwgt"oc{"ogpvkqp"Rtkeg"qt"Rtkeg"Dcpf" kp" vjg"ftchv"Rtqurgevwu0"Jqygxgt"c"rtqurgevwu"tgikuvgtgf"ykvj"TqE"eqpvckpu"qpg"rtkeg"qt"eqwrqp"tcvg"*cu"crrnkecdng+0"

*d+ Okpkowo"Crrnkecvkqp"Xcnwg"cpf"Dkf"Nqv<"Vjg"Kuuwgt"kp"eqpuwnvcvkqp"ykvj"vjg"Ngcf"Ocpcigt"vq"vjg"Qhhgt"*NO+"oc{"fgekfg"vjg"okpkowo"pwodgt"qh"Gswkv{"Ujctgu"hqt"gcej"Dkf"vq"gpuwtg"vjcv" vjg"okpkowo" crrnkecvkqp" xcnwg" ku" ykvjkp" vjg" tcpig" qh" Tu0" 32.222" vq" Tu037.2220" Vjg"okpkowo"Nqv"uk|g"ku"ceeqtfkpin{"fgvgtokpgf"d{"cp"Kuuwgt"qp"dcuku"qh"uwej"okpkowo"crrnkecvkqp"xcnwg0"

*e+ Crrnkecvkqpu"d{"TKKu."Gornq{ggu"cpf"Tgvckn"Kpfkxkfwcn"Ujctgjqnfgtu."owuv"dg"hqt"uwej"pwodgt"qh"ujctgu"uq"cu"vq"gpuwtg"vjcv"vjg"crrnkecvkqp"coqwpv"rc{cdng"fqgu"pqv"gzeggf"Tu0"422.2220"

*f+ Crrnkecvkqpu"d{" qvjgt" kpxguvqtu"owuv"dg" hqt" uwej"okpkowo" pwodgt" qh" ujctgu" uwej" vjcv" vjg"crrnkecvkqp" coqwpv" gzeggfu" Tu0" 422.222" cpf" kp"ownvkrngu" qh" uwej" pwodgt" qh" Gswkv{" Ujctgu"vjgtgchvgt."cu"oc{"dg"fkuenqugf"kp"vjg"crrnkecvkqp"hqto"cpf"vjg"Rtqurgevwu."qt"cu"cfxgtvkugf"d{"vjg"Kuuwgt."cu"vjg"ecug"oc{"dg0"

*g+ Cp"crrnkecvkqp"ecppqv"dg"uwdokvvgf"hqt"oqtg"vjcp"vjg"Qhhgt"uk|g0"

*h+ Vjg"oczkowo"crrnkecvkqp"d{"cp{"Crrnkecpv"ujqwnf"pqv"gzeggf"vjg"kpxguvogpv"nkokvu"rtguetkdgf"hqt"vjgo"wpfgt"vjg"crrnkecdng"ncyu0"

*i+ Ownvkrng"Crrnkecvkqpu<"Cp"Crrnkecpv"ujqwnf"uwdokv"qpn{"qpg"Crrnkecvkqp"Hqto0"Uwdokuukqp"qh" c" ugeqpf" Crrnkecvkqp" Hqto" vq" gkvjgt" vjg" ucog" qt" qvjgt" UEUD" cpf" fwrnkecvg" eqrkgu" qh"Crrnkecvkqp"Hqtou"dgctkpi"vjg"ucog"crrnkecvkqp"pwodgt"ujcnn"dg"vtgcvgf"cu"ownvkrng"crrnkecvkqpu"cpf"ctg"nkcdng"vq"dg"tglgevgf0"

*j+ Crrnkecpvu"ctg"tgswguvgf"vq"pqvg"vjg"hqnnqykpi"rtqegfwtgu"oc{"dg"hqnnqygf"d{"vjg"Tgikuvtct"vq"vjg"Qhhgt"vq"fgvgev"ownvkrng"crrnkecvkqpu<"

k0 Cnn" crrnkecvkqpu" oc{" dg" ejgemgf" hqt" eqooqp" RCP" cu" rgt" vjg" tgeqtfu" qh" vjg"Fgrqukvqt{0" Hqt" Crrnkecpvu" qvjgt" vjcp" Owvwcn" Hwpfu" cpf" HKK" uwd/ceeqwpvu." Dkfu"dgctkpi"vjg"ucog"RCP"oc{"dg"vtgcvgf"cu"ownvkrng"crrnkecvkqpu"d{"c"Dkffgt1Crrnkecpv"cpf"oc{"dg"tglgevgf0"

kk0 Hqt"crrnkecvkqpu"htqo"Owvwcn"Hwpfu"cpf"HKK"uwd/ceeqwpvu."uwdokvvgf"wpfgt"vjg"ucog"RCP." cu" ygnn" cu"Dkfu"qp"dgjcnh" qh" vjg"RCP"Gzgorvgf"Crrnkecpvu." vjg" Crrnkecvkqp"Hqtou"oc{"dg"ejgemgf"hqt"eqooqp"FR"KF"cpf"Enkgpv"KF0"Kp"cp{"uwej"crrnkecvkqpu"yjkej" jcxg" vjg" ucog" FR" KF" cpf" Enkgpv" KF." vjgug" oc{" dg" vtgcvgf" cu" ownvkrng"crrnkecvkqpu"cpf"oc{"dg"tglgevgf0"

""

"

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*k+ Vjg"hqnnqykpi"crrnkecvkqpu"oc{"pqv"dg"vtgcvgf"cu"ownvkrng"Dkfu<"

k0 Crrnkecvkqpu"d{"Tgugtxgf"Ecvgiqtkgu"kp"vjgkt"tgurgevkxg"tgugtxcvkqp"rqtvkqp"cu"ygnn"cu"vjcv"ocfg"d{"vjgo"kp"vjg"Pgv"Qhhgt"rqtvkqp"kp"rwdnke"ecvgiqt{0"

kk0 Ugrctcvg" crrnkecvkqpu"d{" Owvwcn" Hwpfu" kp" tgurgev" qh"oqtg" vjcp" qpg" uejgog" qh" vjg"Owvwcn"Hwpf"rtqxkfgf"vjcv"vjg"Crrnkecvkqpu"engctn{"kpfkecvg"vjg"uejgog"hqt"yjkej"vjg"Dkf"jcu"dggp"ocfg0"

kkk0 Crrnkecvkqpu"d{"Owvwcn"Hwpfu."cpf"uwd/ceeqwpvu"qh"HKKu"*qt"HKKu"cpf"kvu"uwd/ceeqwpvu+"uwdokvvgf"ykvj"vjg"ucog"RCP"dwv"ykvj"fkhhgtgpv"dgpghkekct{"ceeqwpv"pwodgtu."Enkgpv"KFu"cpf"FR"KFu0"

60505 HKGNF"PWODGT"7"<"ECVGIQT["QH"CRRNKECPVU"

*c+ Vjg"ecvgiqtkgu"qh"crrnkecpvu"kfgpvkhkgf"cu"rgt"vjg"UGDK"KEFT"Tgiwncvkqpu"hqt"vjg"rwtrqug"qh"Bidding, allocation and Allotment in the Offer are RIIs, individual applicants other than RII’s cpf"qvjgt" kpxguvqtu" *kpenwfkpi"eqtrqtcvg"dqfkgu"qt" kpuvkvwvkqpu." kttgurgevkxg"qh" vjg"pwodgt"qh"urgekhkgf"ugewtkvkgu"crrnkgf"hqt+0"

*d+ Cp"Kuuwgt"ecp"ocmg"tgugtxcvkqp"hqt"egtvckp"ecvgiqtkgu"qh"Crrnkecpvu"rgtokvvgf"wpfgt"vjg"UGDK"KEFT"Tgiwncvkqpu0"Hqt"fgvcknu"qh"cp{"tgugtxcvkqpu"ocfg"kp"vjg"Qhhgt."crrnkecpvu"oc{"tghgt"vq"vjg"Rtqurgevwu0"

*e+ Vjg"UGDK"KEFT"Tgiwncvkqpu"urgekh{"vjg"cnnqecvkqp"qt"Cnnqvogpv"vjcv"oc{"dg"ocfg"vq"xctkqwu"ecvgiqtkgu"qh"crrnkecpvu"kp"cp"Qhhgt"fgrgpfkpi"wrqp"eqornkcpeg"ykvj"vjg"gnkikdknkv{"eqpfkvkqpu0"Fgvcknu"rgtvckpkpi"vq"cnnqecvkqp"ctg"fkuenqugf"qp"tgxgtug"ukfg"qh"vjg"Tgxkukqp"Hqto0"Hqt"Qhhgt"urgekhke"fgvcknu"kp"tgncvkqp"vq"cnnqecvkqp"crrnkecpv"oc{"tghgt"vq"vjg"Rtqurgevwu0"

60506 HKGNF"PWODGT"8<"KPXGUVQT"UVCVWU"

Crrnkecpvu"ujqwnf"tghgt"vq"kpuvtwevkqpu"eqpvckpgf"kp"rctcitcrju"603080"

60507 HKGNF"9<"RC[OGPV"FGVCKNU"

*c+ Cnn"Crrnkecpvu"*qvjgt"vjcp"Cpejqt"Kpxguvqtu+"ctg"tgswktgf"vq"ocmg"wug"CUDC"hqt"crrn{kpi"kp"vjg"Qhhgt"

"*d+ Crrnkecvkqp"Coqwpv"ecppqv"dg"rckf"kp"ecuj."ejgswgu"qt"fgocpf"ftchvu"vjtqwij"oqpg{"qtfgt"qt"

vjtqwij"rquvcn"qtfgt"qt"vjtqwij"uvqem"kpxguv0"

6050703 Rc{ogpv"kpuvtwevkqpu"hqt"Crrnkecpvu"

*c+ Crrnkecpvu" oc{" uwdokv" vjg" Crrnkecvkqp" Hqto" kp" rj{ukecn" oqfg" vq" vjg" Fgukipcvgf"Kpvgtogfkctkgu0"

*d+ Crrnkecpvu"owuv" urgekh{"qpn{" uwej"Dcpm"Ceeqwpv"pwodgt"ockpvckpgf"ykvj" vjg"UEUD" kp" vjg"Crrnkecvkqp" Hqto0" Vjg" Crrnkecvkqp" Hqto" uwdokvvgf" d{" cp" CUDC" Crrnkecpv" cpf" yjkej" ku"ceeqorcpkgf"d{"ecuj."fgocpf"ftchv."oqpg{"qtfgt."rquvcn"qtfgt"qt"cp{"oqfg"qh"rc{ogpv"qvjgt"vjcp"dnqemgf"coqwpvu"kp"vjg"CUDC"Ceeqwpv"ockpvckpgf"ykvj"cp"UEUD."yknn"pqv"dg"ceegrvgf0"

*e+ Crrnkecpvu" ujqwnf" gpuwtg" vjcv" vjg" Crrnkecvkqp" Hqto" ku" cnuq" ukipgf" d{" vjg" CUDC" Ceeqwpv"jqnfgt*u+"kh"vjg"Crrnkecpv"ku"pqv"vjg"CUDC"Ceeqwpv"jqnfgt="

*f+ Crrnkecpvu" ujcnn" pqvg" vjcv" hqt" vjg" rwtrqug" qh" dnqemkpi" hwpfu" wpfgt" CUDC" hceknkv{" engctn{"fgoctecvgf"hwpfu"ujcnn"dg"cxckncdng"kp"vjg"ceeqwpv0"

*g+ Htqo"qpg"CUDC"Ceeqwpv."c"oczkowo"qh"hkxg"Dkfu"ewo"Crrnkecvkqp"Hqtou"ecp"dg"uwdokvvgf0"

*h+ Crrnkecpvu"dkffkpi" fktgevn{" vjtqwij" vjg" UEUDu" ujqwnf" gpuwtg" vjcv" vjg" Crrnkecvkqp" Hqto" ku"uwdokvvgf"vq"c"Fgukipcvgf"Dtcpej"qh"c"UEUD"yjgtg"vjg"CUDC"Ceeqwpv"ku"ockpvckpgf0"

""

"

578""

*i+ Wrqp" tgegkrv" qh" vjg" Crrnkecvkqp" Hqto." vjg" Fgukipcvgf" Dtcpej" qh" vjg" UEUD"oc{" xgtkh{" kh"uwhhkekgpv" hwpfu" gswcn" vq" vjg" Crrnkecvkqp" Coqwpv" ctg" cxckncdng" kp" vjg" CUDC" Ceeqwpv." cu"ogpvkqpgf"kp"vjg"Crrnkecvkqp"Hqto0"

*j+ Kh" uwhhkekgpv" hwpfu" ctg" cxckncdng" kp" vjg" CUDC" Ceeqwpv." vjg" UEUD"oc{" dnqem" cp" coqwpv"gswkxcngpv"vq"vjg"Crrnkecvkqp"Coqwpv"ogpvkqpgf"kp"vjg"Crrnkecvkqp"Hqto"cpf"oc{"wrnqcf"vjg"fgvcknu"qp"vjg"Uvqem"Gzejcpig"Rncvhqto0"

*k+ Kh"uwhhkekgpv"hwpfu"ctg"pqv"cxckncdng"kp"vjg"CUDC"Ceeqwpv."vjg"Fgukipcvgf"Dtcpej"qh"vjg"UEUD"oc{"pqv"wrnqcf"uwej"Crrnkecvkqpu"qp"vjg"Uvqem"Gzejcpig"rncvhqto"cpf"uwej"Crrnkecvkqpu"ctg"nkcdng"vq"dg"tglgevgf0"

*l+ Wrqp"uwdokuukqp"qh" c"eqorngvgf"Crrnkecvkqp"Hqto" gcej"Crrnkecpv"oc{"dg"fggogf" vq"jcxg"citggf" vq"dnqem" vjg"gpvktg"Crrnkecvkqp"Coqwpv"cpf"cwvjqtk|gf" vjg"Fgukipcvgf"Dtcpej"qh" vjg"UEUD"vq"dnqem"vjg"Crrnkecvkqp"Coqwpv"urgekhkgf"kp"vjg"Crrnkecvkqp"Hqto"kp"vjg"CUDC"Ceeqwpv"ockpvckpgf"ykvj"vjg"UEUDu0"

*m+ Vjg"Crrnkecvkqp"Coqwpv"oc{"tgockp"dnqemgf"kp"vjg"chqtguckf"CUDC"Ceeqwpv"wpvkn"hkpcnkucvkqp"qh" vjg" Dcuku" qh" Cnnqvogpv" cpf" eqpugswgpv" vtcpuhgt" qh" vjg" Crrnkecvkqp" Coqwpv" cickpuv" vjg"Cnnqvvgf"Gswkv{"Ujctgu"vq"vjg"Rwdnke"Qhhgt"Ceeqwpv."qt"wpvkn"ykvjftcycn"qt"hcknwtg"qh"vjg"Kuuwg."qt"wpvkn"ykvjftcycn"qt"tglgevkqp"qh"vjg"Crrnkecvkqp."cu"vjg"ecug"oc{"dg0"

*n+ UEUDu"crrn{kpi"kp"vjg"Qhhgt"owuv"crrn{"vjtqwij"cp"CUDC"Ceeqwpv"ockpvckpgf"ykvj"cp{"qvjgt"UEUD="gnug"vjgkt"Crrnkecvkqpu"ctg"nkcdng"vq"dg"tglgevgf0"

6050704 Wpdnqemkpi"qh"CUDC"Ceeqwpv"

*c+ Qpeg"vjg"Dcuku"qh"Cnnqvogpv"ku"crrtqxgf"d{"vjg"Fgukipcvgf"Uvqem"Gzejcpig."vjg"Tgikuvtct"vq"vjg"Qhhgt"oc{"rtqxkfg"vjg"hqnnqykpi"fgvcknu"vq"vjg"eqpvtqnnkpi"dtcpejgu"qh"gcej"UEUD."cnqpi"ykvj"kpuvtwevkqpu"vq"wpdnqem"vjg"tgngxcpv"dcpm"ceeqwpvu"cpf"hqt"uweeguuhwn"crrnkecvkqpu"vtcpuhgt"vjg"tgswkukvg"oqpg{"vq"vjg"Rwdnke"Qhhgt"Ceeqwpv"fgukipcvgf"hqt"vjku"rwtrqug."ykvjkp"vjg"urgekhkgf"vkognkpgu<"*k+"vjg"pwodgt"qh"Gswkv{"Ujctgu"vq"dg"Cnnqvvgf"cickpuv"gcej"Crrnkecvkqp." *kk+" vjg"coqwpv" vq"dg" vtcpuhgttgf"htqo" vjg" tgngxcpv"dcpm"ceeqwpv" vq" vjg"Rwdnke"Qhhgt"Ceeqwpv."hqt"gcej"Crrnkecvkqp."*kkk+" vjg"fcvg"d{"yjkej"hwpfu"tghgttgf"vq"kp"*kk+"cdqxg"oc{"dg"vtcpuhgttgf"vq"vjg"Rwdnke"Qhhgt"Ceeqwpv."cpf"*kx+"fgvcknu"qh"tglgevgf"Crrnkecvkqpu."kh"cp{."cnqpi"ykvj"tgcuqpu"hqt"tglgevkqp"cpf"fgvcknu"qh"ykvjftcyp"qt"wpuweeguuhwn"Crrnkecvkqpu."kh"cp{."vq"gpcdng"vjg"UEUDu"vq"wpdnqem"vjg"tgurgevkxg"dcpm"ceeqwpvu0"

*d+ Qp"vjg"dcuku"qh"kpuvtwevkqpu"htqo"vjg"Tgikuvtct"vq"vjg"Qhhgt."vjg"UEUDu"oc{"vtcpuhgt"vjg"tgswkukvg"coqwpv"cickpuv"gcej"uweeguuhwn"Crrnkecvkqp"vq"vjg"Rwdnke"Qhhgt"Ceeqwpv"cpf"oc{"wpdnqem"vjg"gzeguu"coqwpv."kh"cp{."kp"vjg"CUDC"Ceeqwpv0""

*e+ Kp" vjg" gxgpv" qh" ykvjftcycn" qt" tglgevkqp" qh" vjg" Crrnkecvkqp" Hqto" cpf" hqt" wpuweeguuhwn"Crrnkecvkqpu." vjg" Tgikuvtct" vq" vjg" Qhhgt"oc{" ikxg" kpuvtwevkqpu" vq" vjg" UEUD" vq" wpdnqem" vjg"Crrnkecvkqp" Coqwpv" kp" vjg" tgngxcpv" CUDC" Ceeqwpv" ykvjkp" ukz" Yqtmkpi" Fc{u" qh" vjg" Qhhgt"Enqukpi"Fcvg0"

6050705 Fkueqwpv"*kh"crrnkecdng+"

*c+ Vjg"Fkueqwpv"ku"uvcvgf"kp"cduqnwvg"twrgg"vgtou0"

*d+ TKKu." Gornq{ggu" cpf" Tgvckn" Kpfkxkfwcn" Ujctgjqnfgtu" ctg" qpn{" gnkikdng" hqt" fkueqwpv0" Hqt"Fkueqwpvu"qhhgtgf"kp"vjg"Kuuwg."crrnkecpvu"oc{"tghgt"vq"vjg"Rtqurgevwu0"

*e+ Vjg" Crrnkecpvu" gpvkvngf" vq" vjg" crrnkecdng" Fkueqwpv" kp" vjg" Qhhgt"oc{"ocmg" rc{ogpv" hqt" cp"coqwpv"k0g0"vjg"Crrnkecvkqp"Coqwpv"nguu"Fkueqwpv"*kh"crrnkecdng+0"

60508 HKGNF" PWODGT" :<" UKIPCVWTGU" CPF" QVJGT" CWVJQTKUCVKQPU" ("

CEMPQYNGFIGOGPV"CPF"HWVWTG"EQOOWPKECVKQP"

Crrnkecpvu"ujqwnf"tghgt"vq"kpuvtwevkqpu"eqpvckpgf"kp"rctcitcrju"6030:"("6030;0"

606 UWDOKUUKQP" QH" DKF" EWO" CRRNKECVKQP" HQTO1" TGXKUKQP" HQTO1CRRNKECVKQP"

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"

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hqnnqykpi"ocppgt</"

Oqfg"qh"Crrnkecvkqp" Uwdokuukqp"qh"Dkf"ewo"Crrnkecvkqp"Hqto"

Cpejqt"Kpxguvqtu"Crrnkecvkqp" Hqto"

Vq"vjg"Dqqm"Twppkpi"Ngcf"Ocpcigtu"cv"vjg"Urgekhkgf"Nqecvkqpu"ogpvkqpgf"kp"vjg"Dkf"ewo"Crrnkecvkqp" Hqto"

Cnn" Crrnkecvkqpu"*qvjgt" vjcp" Cpejqt"Kpxguvqtu+""

*c+ Vq"ogodgtu"qh"vjg"U{pfkecvg"kp"vjg"Urgekhkgf"Nqecvkqpu"qt"Tgikuvgtgf"Dtqmgtu" cv" vjg" Dtqmgt" Egpvtgu" qt" vjg" Eqnngevkpi" TVCu" cv" vjg"Fgukipcvgf" TVC" Nqecvkqpu" qt" vjg" EFRu" cv" vjg" Fgukipcvgf" EFR"Nqecvkqpu"

*d+ Vq"vjg"Fgukipcvgf"Dtcpejgu"qh"vjg"UEUDu"yjgtg"vjg"CUDC"Ceeqwpv"ku"ockpvckpgf"

"*c+ Dkffgtu1Crrnkecpvu" ujqwnf" uwdokv" vjg" Tgxkukqp" Hqto" vq" vjg" ucog" Fgukipcvgf" Kpvgtogfkct{"

vjtqwij"yjkej"uwej"Dkffgt1Crrnkecpv"jcf"rncegf"vjg"qtkikpcn"Dkf0"

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*e+ Wrqp"fgvgtokpcvkqp"qh"vjg"Qhhgt"Rtkeg"cpf"hknkpi"qh"vjg"Rtqurgevwu"ykvj"vjg"TqE."vjg"Dkf/ewo/Crrnkecvkqp"Hqto"yknn"dg"eqpukfgtgf"cu"vjg"crrnkecvkqp"hqto0"

UGEVKQP"7<"QHHGT"RTQEGFWTG"KP"DQQM"DWKNV"KUUWG"

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703 UWDOKUUKQP"QH"DKFU"

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704 GNGEVTQPKE"TGIKUVTCVKQP"QH"DKFU"

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706 YKVJFTCYCN"QH"DKFU"

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903 CNNQVOGPV"VQ"TKKu"

Dkfu"tgegkxgf"htqo"vjg"TKKu"cv"qt"cdqxg"vjg"Qhhgt"Rtkeg"oc{"dg"itqwrgf"vqigvjgt"vq"fgvgtokpg"vjg"vqvcn"fgocpf"wpfgt"vjku"ecvgiqt{0"Kh"vjg"ciitgicvg"fgocpf"kp"vjku"ecvgiqt{"ku"nguu"vjcp"qt"gswcn"vq"vjg"Tgvckn"Ecvgiqt{"cv"qt"cdqxg"vjg"Qhhgt"Rtkeg."hwnn"Cnnqvogpv"oc{"dg"ocfg"vq"vjg"TKKu"vq"vjg"gzvgpv"qh"vjg"xcnkf"Dkfu0"Kh"vjg"ciitgicvg"fgocpf"kp"vjku"ecvgiqt{"ku"itgcvgt"vjcp"vjg"cnnqecvkqp"vq"kp"vjg"Tgvckn"Ecvgiqt{"cv"qt"cdqxg"vjg"Qhhgt"Rtkeg."vjgp"vjg"oczkowo"pwodgt"qh"TKKu"yjq"ecp"dg"Cnnqvvgf"vjg"okpkowo"Dkf"Nqv"yknn"dg"eqorwvgf"d{"fkxkfkpi"vjg"vqvcn"pwodgt"qh"Gswkv{"Ujctgu"cxckncdng"hqt"Cnnqvogpv"vq"TKKu"d{"vjg"okpkowo"Dkf"Nqv" (“Maximum RII Allottees”+0"Vjg"Cnnqvogpv" vq" vjg"TKKu"yknn" vjgp"dg"ocfg" kp" vjg"hqnnqykpi"ocppgt<"

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904 CNNQVOGPV"VQ"PKKu"

Dkfu" tgegkxgf" htqo" PKKu" cv" qt" cdqxg" vjg"Qhhgt"Rtkeg"oc{"dg"itqwrgf" vqigvjgt" vq"fgvgtokpg" vjg" vqvcn"fgocpf"wpfgt"vjku"ecvgiqt{0"Vjg"Cnnqvogpv"vq"cnn"uweeguuhwn"PKKu"oc{"dg"ocfg"cv"qt"cdqxg"vjg"Qhhgt"Rtkeg0"Kh"vjg"ciitgicvg"fgocpf"kp"vjku"ecvgiqt{"ku"nguu"vjcp"qt"gswcn"vq"vjg"Pqp/Kpuvkvwvkqpcn"Ecvgiqt{"cv"qt"cdqxg"vjg"Qhhgt"Rtkeg."hwnn"Cnnqvogpv"oc{"dg"ocfg"vq"PKKu"vq"vjg"gzvgpv"qh"vjgkt"fgocpf0"Kp"ecug"vjg"ciitgicvg"fgocpf"kp"vjku"ecvgiqt{"ku"itgcvgt"vjcp"vjg"Pqp/Kpuvkvwvkqpcn"Ecvgiqt{"cv"qt"cdqxg"vjg"Qhhgt"Rtkeg." Cnnqvogpv"oc{" dg"ocfg" qp" c" rtqrqtvkqpcvg" dcuku" wr" vq" c"okpkowo" qh" vjg" Pqp/Kpuvkvwvkqpcn"Ecvgiqt{0"

905 CNNQVOGPV"VQ"SKDu"

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*c+ Kp" vjg" hktuv" kpuvcpeg" cnnqecvkqp" vq" Owvwcn" Hwpfu" hqt" wr" vq" 7'" qh" vjg"SKD" Ecvgiqt{"oc{"dg"fgvgtokpgf" cu" hqnnqyu<" *k+" Kp" vjg" gxgpv" vjcv" Dkfu" d{" Owvwcn" Hwpf" gzeggfu" 7'" qh" vjg"SKD"Ecvgiqt{."cnnqecvkqp"vq"Owvwcn"Hwpfu"oc{"dg"fqpg"qp"c"rtqrqtvkqpcvg"dcuku"hqt"wr"vq"7'"qh"vjg"SKD"Ecvgiqt{="*kk+"Kp"vjg"gxgpv"vjcv"vjg"ciitgicvg"fgocpf"htqo"Owvwcn"Hwpfu"ku"nguu"vjcp"7'"qh"vjg"SKD"Ecvgiqt{"vjgp"cnn"Owvwcn"Hwpfu"oc{"igv"hwnn"cnnqvogpv"vq"vjg"gzvgpv"qh"xcnkf"Dkfu"tgegkxgf"cdqxg"vjg"Qhhgt"Rtkeg="cpf"*kkk+"Gswkv{"Ujctgu"tgockpkpi"wpuwduetkdgf."kh"cp{"cpf"pqv"cnnqecvgf"vq"Owvwcn"Hwpfu"oc{"dg"cxckncdng"hqt"cnnqvogpv"vq"cnn"SKDu"cu"ugv"qwv"cv"rctcitcrj"906*d+"dgnqy="

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906 CNNQVOGPV"VQ"CPEJQT"KPXGUVQT"*KH"CRRNKECDNG+"

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907 DCUKU" QH" CNNQVOGPV" HQT" SKDu" *QVJGT" VJCP" CPEJQT" KPXGUVQTU+." PKKu" CPF"

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""

"

586""

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" "

""

"

587""

UGEVKQP":<"KPVGTGUV"CPF"TGHWPFU"

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:04 ITQWPFU"HQT"TGHWPF"

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" "

""

"

588""

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gnkikdng" vq"tgegkxg" tghwpfu." kh"cp{."vjtqwij"fktgev"etgfkv" vq"uwej"dcpm"ceeqwpv="cpf"""

kx0 TVIU—Cpejqt"Kpxguvqtu"jcxkpi"c"dcpm"ceeqwpv"ykvj"c"dcpm"dtcpej"yjkej"ku"TVIU"gpcdngf"cu"rgt"vjg"kphqtocvkqp"cxckncdng"qp"vjg"ygdukvg"qh"TDK"cpf"yjqug"tghwpf"coqwpv"gzeggfu"`"204"oknnkqp."ujcnn"dg"gnkikdng"vq"tgegkxg"tghwpf"vjtqwij"TVIU."rtqxkfgf"vjg"Fgoqitcrjke"Fgvcknu"fqypnqcfgf"htqo"vjg"Fgrqukvqtkgu"contain the nine digit MICR code of the Anchor Investor’s dcpm"yjkej"ecp"dg"ocrrgf"ykvj"vjg"TDK"fcvc"vq"qdvckp"vjg"eqttgurqpfkpi"KHUE0"Ejctigu."kh"cp{."ngxkgf"d{"vjg"Cpejqt"Guetqy"Dcpm"hqt"vjg"ucog"yqwnf"dg"dqtpg"d{"qwt"Eqorcp{0"Ejctigu."kh"any, levied by the Anchor Investor’s bank receiving the credit would be borne by the Anchor Kpxguvqt0"

"" "

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589""

Rngcug"pqvg"vjcv"tghwpfu"vjtqwij"vjg"cdqxgogpvkqpgf"oqfgu"ujcnn"dg"etgfkvgf"qpn{"vq"vjg"dcpm"ceeqwpv"htqo"yjkej"vjg"Dkf"Coqwpv"ycu"tgokvvgf"vq"vjg"Guetqy"Dcpm0"

Hqt"fgvcknu"qh"ngx{"qh"ejctigu."kh"cp{."hqt"cp{"qh"vjg"cdqxg"ogvjqfu."Dcpm"ejctigu."kh"cp{."hqt"ecujkpi"uwej" ejgswgu." rc{" qtfgtu" qt" fgocpf" ftchvu" cv" qvjgt" egpvgtu" gve0" Dkffgtu1Crrnkecpvu" oc{" tghgt" vq"TJR1Rtqurgevwu0"

:06 KPVGTGUV"KP"ECUG"QH"FGNC["KP"CNNQVOGPV"QT"TGHWPF"

Vjg"Kuuwgt"oc{"rc{"kpvgtguv"cv"vjg"tcvg"qh"37'"rgt"cppwo"kh"tghwpf"qtfgtu"ctg"pqv"fkurcvejgf"qt"kh."kp"c"ecug"yjgtg"vjg"tghwpf"qt"rqtvkqp"vjgtgqh"ku"ocfg"kp"gngevtqpke"ocppgt."vjg"tghwpf"kpuvtwevkqpu"jcxg"pqv"dggp" ikxgp" vq" vjg" engctkpi" u{uvgo" kp" vjg" fkuenqugf" ocppgt" cpf1qt" fgocv" etgfkvu" ctg" pqv" ocfg" vq"Dkffgtu1Crrnkecpvu" qt" kpuvtwevkqpu" hqt"wpdnqemkpi"qh" hwpfu" kp" vjg" CUDC" Ceeqwpv" ctg" pqv" fkurcvejgf"ykvjkp"vjg"ukz"Yqtmkpi"Fc{u"qh"vjg"Dkf1Qhhgt"Enqukpi"Fcvg0"

Vjg"Kuuwgt"oc{"rc{"kpvgtguv"cv"37'"rgt"cppwo"hqt"cp{"fgnc{"dg{qpf"37"fc{u"htqo"vjg"Dkf1"Qhhgt"Enqukpi"Fcvg."kh"Cnnqvogpv"ku"pqv"ocfg0"

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58:""

UGEVKQP";<"INQUUCT["CPF"CDDTGXKCVKQPU""Wpnguu"vjg"eqpvgzv"qvjgtykug"kpfkecvgu"qt"kornkgu."egtvckp"fghkpkvkqpu"cpf"cddtgxkcvkqpu"wugf"kp"vjku"fqewogpv"oc{"jcxg"vjg"ogcpkpi"cu"rtqxkfgf"dgnqy0"Tghgtgpegu"vq"cp{"ngikuncvkqp."cev"qt"tgiwncvkqp"oc{"dg"vq"uwej"ngikuncvkqp."cev"qt"tgiwncvkqp"cu"cogpfgf"htqo"vkog"vq"vkog0"Kp"ecug"qh"kpeqpukuvgpe{"kp"vjg"fguetkrvkqp"qh"c"vgto"ogpvkqpgf"jgtgkp"dgnqy"cpf"vjg"fguetkrvkqp"cuetkdgf"vq"uwej"vgto"kp"vjg"Ftchv"Tgf"Jgttkpi"Rtqurgevwu."vjg"fguetkrvkqp"cu"cuetkdgf"vq"uwej"vgto"kp"vjg"Ftchv"Tgf"Jgttkpi"Rtqurgevwu"ujcnn"rtgxckn0"""

Vgto" Fguetkrvkqp"

Cnnqvogpv1Cnnqv1Cnnqvvgf" Vjg"cnnqvogpv"qh"Gswkv{"Ujctgu"rwtuwcpv"vq"vjg"Qhhgt"vq"uweeguuhwn"Dkffgtu1Crrnkecpvu"

Cnnqvogpv"Cfxkeg" Pqvg"qt"cfxkeg"qt"kpvkocvkqp"qh"Cnnqvogpv"ugpv"vq"vjg"Dkffgtu1Crrnkecpvu"yjq"jcxg"dggp"Cnnqvvgf"Gswkv{"Ujctgu"chvgt"vjg"Dcuku"qh"Cnnqvogpv"jcu"dggp"crrtqxgf"d{"vjg"fgukipcvgf"Uvqem"Gzejcpigu"

Cnnqvvgg" Cp"Dkffgt1Crrnkecpv"vq"yjqo"vjg"Gswkv{"Ujctgu"ctg"Cnnqvvgf"

Cpejqt"Kpxguvqt" C" Swcnkhkgf" Kpuvkvwvkqpcn" Dw{gt." crrn{kpi" wpfgt" vjg" Cpejqt" Kpxguvqt" Rqtvkqp" kp"ceeqtfcpeg" ykvj" vjg" tgswktgogpvu" urgekhkgf" kp" UGDK" KEFT" Tgiwncvkqpu" cpf" vjg" Tgf"Jgttkpi"Rtqurgevwu"

Cpejqt"Kpxguvqt"Rqtvkqp" Wr"vq"82'"qh"vjg"SKD"Ecvgiqt{"yjkej"oc{"dg"cnnqecvgf"d{"vjg"Kuuwgt"kp"eqpuwnvcvkqp"ykvj"vjg" DTNOu." vq" Cpejqt" Kpxguvqtu" qp" c" fkuetgvkqpct{" dcuku0" Qpg/vjktf" qh" vjg" Cpejqt"Kpxguvqt" Rqtvkqp" ku" tgugtxgf" hqt" fqoguvke" Owvwcn" Hwpfu." uwdlgev" vq" xcnkf" Dkfu" dgkpi"tgegkxgf"htqo"fqoguvke"Owvwcn"Hwpfu"cv"qt"cdqxg"vjg"rtkeg"cv"yjkej"cnnqecvkqp"ku"dgkpi"fqpg"vq"Cpejqt"Kpxguvqtu"

Crrnkecvkqp"Hqto" Vjg"hqto"kp"vgtou"qh"yjkej"vjg"Crrnkecpv"ujqwnf"ocmg"cp"crrnkecvkqp"hqt"Cnnqvogpv"kp"ecug"qh"kuuwgu"qvjgt"vjcp"Dqqm"Dwknv"Kuuwgu."kpenwfgu"Hkzgf"Rtkeg"Kuuwg"

Crrnkecvkqp"Uwrrqtvgf"d{"Dnqemgf"Coqwpv"1CUDC"

Cp"crrnkecvkqp."yjgvjgt"rj{ukecn"qt"gngevtqpke."wugf"d{"Dkffgtu1Crrnkecpvu."qvjgt" vjcp"Cpejqt"Kpxguvqtu."vq"ocmg"c"Dkf"cpf"cwvjqtkukpi"cp"UEUD"vq"dnqem"vjg"Dkf"Coqwpv"kp"vjg"urgekhkgf"dcpm"ceeqwpv"ockpvckpgf"ykvj"uwej"UEUD"

CUDC"Ceeqwpv" Ceeqwpv"ockpvckpgf"ykvj"cp"UEUD"yjkej"oc{"dg"dnqemgf"d{"uwej"UEUD"vq"vjg"gzvgpv"qh"vjg"Dkf"Coqwpv"qh"vjg"Dkffgt1Crrnkecpv"

Dcpmgt*u+"vq"vjg"Qhhgt1Cpejqt"Guetqy" Dcpm*u+1Eqnngevkpi"Dcpmgt"

Vjg"dcpmu"yjkej"ctg"engctkpi"ogodgtu"cpf"tgikuvgtgf"ykvj"UGDK"cu"Dcpmgt"vq"vjg"Qhhgt"ykvj"yjqo"vjg"Cpejqt"Guetqy"Ceeqwpv*u+"hqt"Cpejqt"Kpxguvqtu"oc{"dg"qrgpgf."cpf"cu"fkuenqugf"kp"vjg"TJR1Rtqurgevwu"cpf"Dkf"ewo"Crrnkecvkqp"Hqto"qh"vjg"Kuuwgt"

Dcuku"qh"Cnnqvogpv" Vjg"dcuku"qp"yjkej"vjg"Gswkv{"Ujctgu"oc{"dg"Cnnqvvgf"vq"uweeguuhwn"Dkffgtu1Crrnkecpvu"wpfgt"vjg"Kuuwg"

Dkf" Cp" kpfkecvkqp" vq"ocmg" cp" qhhgt" fwtkpi" vjg" Dkf1Qhhgt" Rgtkqf" d{" c" rtqurgevkxg" Dkffgt"rwtuwcpv"vq"uwdokuukqp"qh"Dkf"ewo"Crrnkecvkqp"Hqto"qt"fwtkpi"vjg"Cpejqt"Kpxguvqt"Dkf1"Qhhgt"Fcvg"d{"vjg"Cpejqt"Kpxguvqtu."vq"uwduetkdg"hqt"qt"rwtejcug"vjg"Gswkv{"Ujctgu"qh"vjg"Kuuwgt"cv"c"rtkeg"ykvjkp"vjg"Rtkeg"Dcpf."kpenwfkpi"cnn"tgxkukqpu"cpf"oqfkhkecvkqpu"vjgtgvq0"Kp"ecug"qh"kuuwgu"wpfgtvcmgp"vjtqwij"vjg"hkzgf"rtkeg"rtqeguu."cnn"tghgtgpegu"vq"c"Dkf"ujqwnf"dg"eqpuvtwgf"vq"ogcp"cp"Crrnkecvkqp"

Dkf"Coqwpv" Vjg"jkijguv"xcnwg"qh" vjg"qrvkqpcn"Dkfu"kpfkecvgf"kp"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"cpf"rc{cdng" d{" vjg" Dkffgt1Crrnkecpv" wrqp" uwdokuukqp" qh" vjg" Dkf" *gzegrv" hqt" Cpejqt"Kpxguvqtu+."nguu"fkueqwpvu"*kh"crrnkecdng+0"Kp"ecug"qh"kuuwgu"wpfgtvcmgp"vjtqwij"vjg"hkzgf"rtkeg" rtqeguu." cnn" tghgtgpegu" vq" vjg" Dkf" Coqwpv" ujqwnf" dg" eqpuvtwgf" vq" ogcp" vjg"Crrnkecvkqp"Coqwpv"

Dkf1Qhhgt"Enqukpi"Fcvg" Gzegrv"kp"vjg"ecug"qh"Cpejqt"Kpxguvqtu"*kh"crrnkecdng+."vjg"fcvg"chvgt"yjkej"vjg"Fgukipcvgf"Kpvgtogfkctkgu"oc{"pqv"ceegrv"cp{"Dkfu"hqt"vjg"Qhhgt."yjkej"oc{"dg"pqvkhkgf"kp"cp"Gpinkuj"pcvkqpcn" fckn{." c" Jkpfk" pcvkqpcn" fckn{" cpf" c" tgikqpcn" ncpiwcig" pgyurcrgt" cv" vjg"rnceg"yjgtg" vjg" tgikuvgtgf" qhhkeg" qh" vjg" Kuuwgt" ku" ukvwcvgf." gcej" ykvj" ykfg" ektewncvkqp0"Crrnkecpvu1Dkffgtu"oc{"tghgt"vq"vjg"TJR1Rtqurgevwu"hqt"vjg"Dkf1Qhhgt"Enqukpi"Fcvg"

Dkf1Qhhgt"Qrgpkpi"Fcvg" Vjg"fcvg"qp"yjkej"vjg"Fgukipcvgf"Kpvgtogfkctkgu"oc{"uvctv"ceegrvkpi"Dkfu"hqt"vjg"Kuuwg."yjkej"oc{"dg"vjg"fcvg"pqvkhkgf"kp"cp"Gpinkuj"pcvkqpcn"fckn{."c"Jkpfk"pcvkqpcn"fckn{"cpf"c"tgikqpcn" ncpiwcig" pgyurcrgt" cv" vjg" rnceg" yjgtg" vjg" tgikuvgtgf" qhhkeg" qh" vjg" Kuuwgt" ku"ukvwcvgf."gcej"ykvj"ykfg"ektewncvkqp0"Crrnkecpvu1Dkffgtu"oc{"tghgt"vq"vjg"TJR1Rtqurgevwu"hqt"vjg"Dkf1Qhhgt"Qrgpkpi"Fcvg"

""

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58;""

Vgto" Fguetkrvkqp"

Dkf1Qhhgt"Rgtkqf" Gzegrv"kp"vjg"ecug"qh"Cpejqt"Kpxguvqtu"*kh"crrnkecdng+."vjg"rgtkqf"dgvyggp"vjg"Dkf1"Qhhgt"Qrgpkpi"Fcvg"cpf"vjg"Dkf1Qhhgt"Enqukpi"Fcvg"kpenwukxg"qh"dqvj"fc{u"cpf"fwtkpi"yjkej"rtqurgevkxg" Dkffgtu1Crrnkecpvu" *qvjgt" vjcp" Cpejqt" Kpxguvqtu+" ecp" uwdokv" vjgkt" Dkfu."kpenwukxg"qh"cp{"tgxkukqpu"vjgtgqh0"Vjg"Kuuwgt"oc{"eqpukfgt"enqukpi"vjg"Dkf1"Qhhgt"Rgtkqf"hqt"SKDu"qpg"yqtmkpi"fc{"rtkqt" vq" vjg"Dkf1Qhhgt"Enqukpi"Fcvg" kp"ceeqtfcpeg"ykvj" vjg"UGDK" KEFT"Tgiwncvkqpu0"Crrnkecpvu1Dkffgtu"oc{" tghgt" vq" vjg"TJR1Rtqurgevwu" hqt" vjg"Dkf1Qhhgt"Rgtkqf"

Dkf"ewo"Crrnkecvkqp"Hqto" Cp"crrnkecvkqp"hqto."yjgvjgt"rj{ukecn"qt"gngevtqpke."wugf"d{"Dkffgtu."qvjgt"vjcp"Cpejqt"Kpxguvqtu."vq"ocmg"c"Dkf"cpf"yjkej"yknn"dg"eqpukfgtgf"cu"vjg"crrnkecvkqp"hqt"Cnnqvogpv"kp"vgtou"qh"vjg"Tgf"Jgttkpi"Rtqurgevwu"cpf"vjg"Rtqurgevwu"

Dkffgt1Crrnkecpv" Cp{" rtqurgevkxg" kpxguvqt" yjq"ocmgu" c" Dkf1Crrnkecvkqp" rwtuwcpv" vq" vjg" vgtou" qh" vjg"TJR1Rtqurgevwu"cpf"vjg"Dkf"ewo"Crrnkecvkqp"Hqto0"Kp"ecug"qh"kuuwgu"wpfgtvcmgp"vjtqwij"vjg"hkzgf"rtkeg"rtqeguu."cnn"tghgtgpegu"vq"c"Dkffgt1Crrnkecpv"ujqwnf"dg"eqpuvtwgf"vq"ogcp"cp"Dkffgt1Crrnkecpv"

Dqqm" Dwknv" Rtqeguu1Dqqm"Dwknfkpi" Rtqeguu1Dqqm"Dwknfkpi"Ogvjqf"

Vjg"dqqm"dwknfkpi"rtqeguu"cu"rtqxkfgf"wpfgt"UGDK"KEFT"Tgiwncvkqpu."kp"vgtou"qh"yjkej"vjg"Qhhgt"ku"dgkpi"ocfg"

Dtqmgt"Egpvtgu" Dtqmgt"egpvtgu"pqvkhkgf"d{"vjg"Uvqem"Gzejcpigu."yjgtg"Dkffgtu1Crrnkecpvu"ecp"uwdokv"vjg"Dkf"ewo"Crrnkecvkqp"Hqtou"vq"c"Tgikuvgtgf"Dtqmgt0"Vjg"fgvcknu"qh"uwej"dtqmgt"egpvtgu."cnqpi"ykvj"vjg"pcogu"cpf"eqpvcev"fgvcknu"qh"vjg"Tgikuvgtgf"Dtqmgtu"ctg"cxckncdng"qp"vjg"ygdukvgu"qh"vjg"Uvqem"Gzejcpigu"

DTNO*u+1Dqqm"Twppkpi"Ngcf"Ocpcigt*u+1Ngcf"Ocpcigt1NO"

Vjg"Dqqm"Twppkpi"Ngcf"Ocpcigt"vq"vjg"Qhhgt"cu"fkuenqugf"kp"vjg"TJR1Rtqurgevwu"cpf"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"qh"vjg"Kuuwgt0"Kp"ecug"qh"kuuwgu"wpfgtvcmgp"vjtqwij"vjg"hkzgf"rtkeg"rtqeguu."cnn"tghgtgpegu"vq"vjg"Dqqm"Twppkpi"Ngcf"Ocpcigt"ujqwnf"dg"eqpuvtwgf"vq"ogcp"vjg"Ngcf"Ocpcigt"qt"NO"

Dwukpguu"Fc{" Oqpfc{"vq"Ucvwtfc{"*gzegrv"4pf"cpf"6vj"Ucvwtfc{"qh"c"oqpvj"cpf"rwdnke"jqnkfc{u+"

ECP1Eqphktocvkqp"qh"Cnnqvogpv"Pqvg"

Vjg"pqvg"qt"cfxkeg"qt"kpvkocvkqp"ugpv"vq"gcej"uweeguuhwn"Dkffgt1Crrnkecpv"kpfkecvkpi"vjg"Gswkv{" Ujctgu" yjkej"oc{" dg" Cnnqvvgf." chvgt" crrtqxcn" qh" Dcuku" qh" Cnnqvogpv" d{" vjg"Fgukipcvgf"Uvqem"Gzejcpig"

Ecr"Rtkeg" Vjg"jkijgt"gpf"qh"vjg"Rtkeg"Dcpf."cdqxg"yjkej"vjg"Qhhgt"Rtkeg"cpf"vjg"Cpejqt"Kpxguvqt"Qhhgt"Rtkeg"oc{"pqv"dg"hkpcnkugf"cpf"cdqxg"yjkej"pq"Dkfu"oc{"dg"ceegrvgf"

Enkgpv"KF" Enkgpv"Kfgpvkhkecvkqp"Pwodgt"ockpvckpgf"ykvj"qpg"qh"vjg"Fgrqukvqtkgu"kp"tgncvkqp"vq"fgocv"ceeqwpv"

Eqnngevkpi"Fgrqukvqt{"Rctvkekrcpv"qt"EFRu"

C" fgrqukvqt{"rctvkekrcpv" cu" fghkpgf" wpfgt" vjg" Fgrqukvqtkgu" Cev." 3;;8." tgikuvgtgf" ykvj"UGDK"cpf"yjq"ku"gnkikdng"vq"rtqewtg"Dkfu"cv"vjg"Fgukipcvgf"EFR"Nqecvkqpu"kp"vgtou"qh"ektewnct"pq0"EKT1EHF1RQNKE[EGNN13314237"fcvgf"Pqxgodgt"32."4237"kuuwgf"d{"UGDK"

Eqnngevkpi"Tgikuvtct"cpf"Ujctg"Vtcpuhgt"Cigpvu"qt"Eqnngevkpi"TVCu"

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FR" Fgrqukvqt{"Rctvkekrcpv"

FR"KF" Depository Participant’s Identification Number"

Fgrqukvqtkgu" Pcvkqpcn"Ugewtkvkgu"Fgrqukvqt{"Nkokvgf"cpf"Egpvtcn"Fgrqukvqt{"Ugtxkegu"*Kpfkc+"Nkokvgf"

Fgoqitcrjke"Fgvcknu" Fgvckns of the Bidders/Applicants including the Bidder/Applicant’s address, name of the Applicant’s father/husband, investor status, occupation and bank account details"

Fgukipcvgf"Dtcpejgu" Uwej"dtcpejgu"qh"vjg"UEUDu"yjkej"oc{"eqnngev"vjg"Dkf"ewo"Crrnkecvkqp"Hqtou"wugf"d{"Dkffgtu1Crrnkecpvu" *gzenwfkpi" Cpejqt" Kpxguvqtu+" cpf" c" nkuv" qh" yjkej" ku" cxckncdng" qp"jvvr<11yyy0ugdk0iqx0kp1ugdkygd1jqog1nkuv1715512121Tgeqipkugf/Kpvgtogfkctkgu""

Fgukipcvgf"EFR"Nqecvkqpu" Uwej"nqecvkqpu"qh"vjg"EFRu"yjgtg"Dkffgtu"ecp"uwdokv"vjg"Dkf"ewo"Crrnkecvkqp"Hqtou"vq"Eqnngevkpi"Fgrqukvqt{"Rctvkekrcpvu0""Vjg"fgvcknu"qh"uwej"Fgukipcvgf"EFR"Nqecvkqpu."cnqpi"ykvj"pcogu"cpf"eqpvcev"fgvcknu"qh"vjg"Eqnngevkpi"Fgrqukvqt{"Rctvkekrcpvu"gnkikdng"vq"ceegrv"Dkf"ewo"Crrnkecvkqp"Hqtou"ctg"cxckncdng" qp" vjg" tgurgevkxg" ygdukvgu" qh" vjg" Uvqem" Gzejcpigu" *yyy0dugkpfkc0eqo" cpf"yyy0pugkpfkc0eqo+"

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Vgto" Fguetkrvkqp"

Fgukipcvgf"Fcvg" Vjg"fcvg"qp"yjkej"hwpfu"ctg"vtcpuhgttgf"d{"vjg"Cpejqt"Guetqy"Dcpm"htqo" vjg"Cpejqt"Guetqy"Ceeqwpv"cpf"vjg"coqwpvu"dnqemgf"d{"vjg"UEUDu"ctg"vtcpuhgttgf"htqo"vjg"CUDC"Ceeqwpvu."cu" vjg"ecug"oc{"dg." vq" vjg"Rwdnke" Qhhgt"Ceeqwpv"qt" vjg"Tghwpf"Ceeqwpv."cu"crrtqrtkcvg." chvgt" vjg" Rtqurgevwu" ku" hkngf" ykvj" vjg" TqE." hqnnqykpi" yjkej" vjg"dqctf" qh"fktgevqtu"oc{"Cnnqv"Gswkv{"Ujctgu"vq"uweeguuhwn"Dkffgtu1Crrnkecpvu"kp"vjg"Htguj"Kuuwg"oc{"ikxg"fgnkxgt{"kpuvtwevkqpu"hqt"vjg"vtcpuhgt"qh"vjg"Gswkv{"Ujctgu"eqpuvkvwvkpi"vjg"Qhhgt"hqt"Ucng"

Fgukipcvgf"Kpvgtogfkctkgu"1Eqnngevkpi"Cigpv"

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Fgukipcvgf"TVC"Nqecvkqpu" Uwej"nqecvkqpu"qh"vjg"Eqnngevkpi"TVCu"yjgtg"Dkffgtu"ecp"uwdokv"vjg"Dkf"ewo"Crrnkecvkqp"Hqtou"vq"Eqnngevkpi"TVCu0""Vjg"fgvcknu"qh"uwej"Fgukipcvgf"TVC"Nqecvkqpu."cnqpi"ykvj"pcogu"cpf"eqpvcev"fgvcknu"qh"vjg"Eqnngevkpi"TVCu"gnkikdng"vq"ceegrv"Dkf"ewo"Crrnkecvkqp"Hqtou"ctg"cxckncdng"qp"vjg"tgurgevkxg"ygdukvgu"qh"vjg"Uvqem"Gzejcpigu"*yyy0dugkpfkc0eqo"cpf"yyy0pugkpfkc0eqo+"

"Fgukipcvgf"Uvqem"Gzejcpig"

Vjg"fgukipcvgf"uvqem"gzejcpig"cu"fkuenqugf"kp"vjg"TJR1Rtqurgevwu"qh"vjg"Kuuwgt"

Fkueqwpv" Fkueqwpv" vq" vjg"Qhhgt"Rtkeg" vjcv"oc{"dg"rtqxkfgf" vq"Dkffgtu1Crrnkecpvu" kp"ceeqtfcpeg"ykvj"vjg"UGDK"KEFT"Tgiwncvkqpu0"

Ftchv"Rtqurgevwu" Vjg"ftchv"rtqurgevwu"hkngf"ykvj"UGDK"kp"ecug"qh"Hkzgf"Rtkeg"Kuuwgu"cpf"yjkej"oc{"ogpvkqp"c"rtkeg"qt"c"Rtkeg"Dcpf"

Gornq{ggu" Gornq{ggu"qh"cp"Kuuwgt"cu"fghkpgf"wpfgt"UGDK"KEFT"Tgiwncvkqpu"cpf"kpenwfkpi."kp"ecug"qh"c"pgy"eqorcp{."rgtuqpu"kp"vjg"rgtocpgpv"cpf"hwnn"vkog"gornq{ogpv"qh"vjg"rtqoqvkpi"eqorcpkgu"gzenwfkpi"vjg"rtqoqvgtu"cpf"koogfkcvg"tgncvkxgu"qh"vjg"rtqoqvgtu0"Hqt"hwtvjgt"fgvcknu."Dkffgt1Crrnkecpv"oc{"tghgt"vq"vjg"TJR1Rtqurgevwu"

Gswkv{"Ujctgu" Gswkv{"Ujctgu"qh"vjg"Kuuwgt"

Cpejqt"Guetqy"Ceeqwpv" Ceeqwpv" qrgpgf" ykvj" vjg" Cpejqt" Eqnngevkqp" Dcpmcpf" kp" yjqug" hcxqwt" vjg" Cpejqt"Kpxguvqtu"oc{" vtcpuhgt"oqpg{" vjtqwij"PGHV1TVIU1fktgev"etgfkv" kp" tgurgev" qh" vjg"Dkf"Coqwpv"yjgp"uwdokvvkpi"c"Dkf"

Ecuj"Guetqy"Citggogpv" Citggogpv" vq"dg" gpvgtgf" kpvq" coqpi" vjg" Kuuwgt." vjg" Tgikuvtct" vq" vjg" Qhhgt." vjg" Dqqm"Twppkpi" Ngcf" Ocpcigt*u+." vjg" Cpejqt" Guetqy" Dcpm" cpf" vjg" Tghwpf" Dcpm*u+" hqt"eqnngevkqp"qh" vjg"Dkf"Coqwpvu" htqo"Cpejqt" Kpxguvqtu"cpf"yjgtg"crrnkecdng." tgokvvkpi"tghwpfu"qh" vjg" coqwpvu"eqnngevgf" vq" vjg"Cpejqt" Kpxguvqtu"qp" vjg" vgtou" cpf"eqpfkvkqpu"vjgtgqh"

Cpejqt"Guetqy"Dcpm" Tghgt"vq"fghkpkvkqp"qh"Dcpmgt*u+"vq"vjg"Qhhgt"

HEPT"Ceeqwpv" Hqtgkip"Ewttgpe{"Pqp/Tgukfgpv"Ceeqwpv"

Hktuv"Dkffgt1Crrnkecpv" Vjg" Dkffgt1Crrnkecpv" yjqug" pcog" crrgctu" hktuv" kp" vjg" Dkf" ewo" Crrnkecvkqp" Hqto" qt"Tgxkukqp"Hqto"

HKK*u+" Hqtgkip"Kpuvkvwvkqpcn"Kpxguvqtu"cu"fghkpgf"wpfgt"vjg"UGDK"*Hqtgkip"Kpuvkvwvkqpcn"Kpxguvqtu+"Tgiwncvkqpu."3;;7"cpf"tgikuvgtgf"ykvj"UGDK"wpfgt"crrnkecdng"ncyu"kp"Kpfkc"

Hkzgf" Rtkeg" Kuuwg1Hkzgf"Rtkeg"Rtqeguu1Hkzgf"Rtkeg"Ogvjqf"

Vjg"Hkzgf"Rtkeg"rtqeguu"cu"rtqxkfgf"wpfgt"UGDK"KEFT"Tgiwncvkqpu."kp"vgtou"qh"yjkej"vjg"Qhhgt"ku"dgkpi"ocfg"

Hnqqt"Rtkeg" Vjg" nqygt" gpf" qh" vjg" Rtkeg" Dcpf." cv" qt" cdqxg" yjkej" vjg" Qhhgt" Rtkeg" cpf" vjg" Cpejqt"Kpxguvqt"Qhhgt"Rtkeg"oc{"dg"hkpcnkugf"cpf"dgnqy"yjkej"pq"Dkfu"oc{"dg"ceegrvgf."uwdlgev"vq"cp{"tgxkukqp"vjgtgvq"

HRKu" Hqtgkip"Rqtvhqnkq"Kpxguvqtu"cu"fghkpgf"wpfgt"vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"*Hqtgkip"Rqtvhqnkq"Kpxguvqtu+"Tgiwncvkqpu."4236"

HRQ" Hwtvjgt"rwdnke"qhhgtkpi"

Hqtgkip"Xgpvwtg"Ecrkvcn"Kpxguvqtu"qt"HXEKu"

Hqtgkip"Xgpvwtg"Ecrkvcn"Kpxguvqtu"cu"fghkpgf"cpf"tgikuvgtgf"ykvj"UGDK"wpfgt"vjg"UGDK"*Hqtgkip"Xgpvwtg"Ecrkvcn"Kpxguvqtu+"Tgiwncvkqpu."4222"

KRQ" Kpkvkcn"rwdnke"qhhgtkpi"

Kuuwgt1Eqorcp{" Vjg"Kuuwgt"rtqrqukpi"vjg"kpkvkcn"rwdnke"qhhgtkpi1hwtvjgt"rwdnke"qhhgtkpi"cu"crrnkecdng"

Oczkowo"TKK"Cnnqvvggu" Vjg"oczkowo" pwodgt" qh" TKKu" yjq" ecp" dg" Cnnqvvgf" vjg"okpkowo" Dkf" Nqv0" Vjku" ku"eqorwvgf"d{"fkxkfkpi"vjg"vqvcn"pwodgt"qh"Gswkv{"Ujctgu"cxckncdng"hqt"Cnnqvogpv"vq"TKKu"d{"vjg"okpkowo"Dkf"Nqv0"

OKET" Ocipgvke"Kpm"Ejctcevgt"Tgeqipkvkqp"/"pkpg/fkikv"eqfg"cu"crrgctkpi"qp"c"ejgswg"ngch"

Owvwcn"Hwpf" C"owvwcn"hwpf"tgikuvgtgf"ykvj"UGDK"wpfgt"vjg"UGDK"*Owvwcn"Hwpfu+"Tgiwncvkqpu."3;;8"

""

"

593""

Vgto" Fguetkrvkqp"

Owvwcn"Hwpfu"Rqtvkqp" 7'"qh"vjg"SKD"Ecvgiqt{"*gzenwfkpi"vjg"Cpejqt"Kpxguvqt"Rqtvkqp+"cxckncdng"hqt"cnnqecvkqp"vq" Owvwcn" Hwpfu" qpn{." dgkpi" uwej" pwodgt" qh" gswkv{" ujctgu" cu" fkuenqugf" kp" vjg"TJR1Rtqurgevwu"cpf"Dkf"ewo"Crrnkecvkqp"Hqto"

"PGEU" "Pcvkqpcn"Gngevtqpke"Engctkpi"Ugtxkeg"

PGHV" Pcvkqpcn"Gngevtqpke"Hwpf"Vtcpuhgt"

PTG"Ceeqwpv" Pqp/Tgukfgpv"Gzvgtpcn"Ceeqwpv"

PTK" PTKu"htqo"uwej"lwtkufkevkqpu"qwvukfg"Kpfkc"yjgtg"kv"ku"pqv"wpncyhwn"vq"ocmg"cp"qhhgt"qt"kpxkvcvkqp"wpfgt" vjg" Qhhgt" cpf" kp" tgncvkqp" vq"yjqo" vjg"TJR1Rtqurgevwu"eqpuvkvwvgu" cp"kpxkvcvkqp"vq"uwduetkdg"vq"qt"rwtejcug"vjg"Gswkv{"Ujctgu"

PTQ"Ceeqwpv" Pqp/Tgukfgpv"Qtfkpct{"Ceeqwpv"

Pgv"Qhhgt" Vjg"Qhhgt"nguu"tgugtxcvkqp"rqtvkqp"Pqp/Kpuvkvwvkqpcn" Kpxguvqtu" qt"PKKu"

Cnn"Dkffgtu1Crrnkecpvu." kpenwfkpi"uwd"ceeqwpvu"qh"HKKu"tgikuvgtgf"ykvj"UGDK"yjkej"ctg"hqtgkip"eqtrqtcvgu"qt"hqtgkip"kpfkxkfwcnu"cpf"HRKu"yjkej"ctg"Ecvgiqt{"KKK"hqtgkip"rqtvhqnkq"kpxguvqtu."vjcv"ctg"pqv"SKDu"qt"TKDu"cpf"yjq"jcxg"Dkf"hqt"Gswkv{"Ujctgu"hqt"cp"coqwpv"qh"oqtg"vjcp"` 422.222"*dwv"pqv"kpenwfkpi"PTKu"qvjgt"vjcp"Gnkikdng"PTKu+"

Pqp/Kpuvkvwvkqpcn"Ecvgiqt{" Vjg"rqtvkqp"qh"vjg"Qhhgt"dgkpi"uwej"pwodgt"qh"Gswkv{"Ujctgu"cxckncdng"hqt"cnnqecvkqp"vq"PKKu"qp"c"rtqrqtvkqpcvg"dcuku"cpf"cu"fkuenqugf"kp"vjg"TJR1Rtqurgevwu"cpf"vjg"Dkf"ewo"Crrnkecvkqp"Hqto"

Pqp/Tgukfgpv" C"rgtuqp"tgukfgpv"qwvukfg"Kpfkc."cu"fghkpgf"wpfgt"HGOC"cpf"kpenwfgu"Gnkikdng"PTKu."HRKu"cpf"HXEKu"tgikuvgtgf"ykvj"UGDK"

QED1Qxgtugcu"Eqtrqtcvg"Dqf{"

C"eqorcp{."rctvpgtujkr."uqekgv{"qt"qvjgt"eqtrqtcvg"dqf{"qypgf"fktgevn{"qt"kpfktgevn{"vq"vjg"gzvgpv"qh"cv"ngcuv"82'"d{"PTKu"kpenwfkpi"qxgtugcu"vtwuvu."kp"yjkej"pqv"nguu"vjcp"82'"qh"dgpghkekcn"kpvgtguv"ku"kttgxqecdn{"jgnf"d{"PTKu"fktgevn{"qt"kpfktgevn{"cpf"yjkej"ycu"kp"gzkuvgpeg"qp"Qevqdgt"5."4225"cpf"koogfkcvgn{"dghqtg"uwej"fcvg"jcf"vcmgp"dgpghkvu"wpfgt"vjg"igpgtcn"rgtokuukqp"itcpvgf"vq"QEDu"wpfgt"HGOC"

Qhhgt" Rwdnke"kuuwg"qh"Gswkv{"Ujctgu"qh"vjg"Kuuwgt"kpenwfkpi"vjg"Qhhgt"hqt"Ucng"kh"crrnkecdng"

Qhhgt"hqt"Ucng" Rwdnke"qhhgt"qh"uwej"pwodgt"qh"Gswkv{"Ujctgu"cu"fkuenqugf"kp"vjg"TJR1Rtqurgevwu"vjtqwij"cp"qhhgt"hqt"ucng"d{"vjg"Ugnnkpi"Ujctgjqnfgt"

Qhhgt"Rtkeg" Vjg"hkpcn"rtkeg."nguu"fkueqwpv"*kh"crrnkecdng+"cv"yjkej"vjg"Gswkv{"Ujctgu"oc{"dg"Cnnqvvgf"vq"Dkffgtu"qvjgt"vjcp"Cpejqt"Kpxguvqtu."kp"vgtou"qh"vjg"Rtqurgevwu0"Gswkv{"Ujctgu"yknn"dg"Cnnqvvgf"vq"Cpejqt"Kpxguvqtu"cv"vjg"Cpejqt"Kpxguvqt"Qhhgt"Rtkeg"Vjg"Qhhgt"Rtkeg"oc{"dg"fgekfgf"d{"vjg"Kuuwgt"kp"eqpuwnvcvkqp"ykvj"vjg"Dqqm"Twppkpi"Ngcf"Ocpcigt*u+"

Qvjgt"Kpxguvqtu" Kpxguvqtu" qvjgt" vjcp" Tgvckn" Kpfkxkfwcn" Kpxguvqtu" kp" c" Hkzgf" Rtkeg" Kuuwg0" Vjgug" kpenwfg"kpfkxkfwcn"crrnkecpvu"qvjgt"vjcp"tgvckn"kpfkxkfwcn"kpxguvqtu"cpf"qvjgt"kpxguvqtu"kpenwfkpi"eqtrqtcvg"dqfkgu"qt"kpuvkvwvkqpu"kttgurgevkxg"qh"vjg"pwodgt"qh"urgekhkgf"ugewtkvkgu"crrnkgf"hqt"

RCP" Rgtocpgpv"Ceeqwpv"Pwodgt"cnnqvvgf"wpfgt"vjg"Kpeqog"Vcz"Cev."3;83"

Rtkeg"Dcpf" Rtkeg"Dcpf"ykvj"c"okpkowo"rtkeg."dgkpi"vjg"Hnqqt"Rtkeg"cpf"vjg"oczkowo"rtkeg."dgkpi"vjg"Ecr"Rtkeg"cpf"kpenwfgu"tgxkukqpu"vjgtgqh0"Vjg"Rtkeg"Dcpf"cpf"vjg"okpkowo"Dkf"nqv"uk|g"hqt"vjg"Qhhgt"oc{"dg"fgekfgf"d{"vjg"Kuuwgt"kp"eqpuwnvcvkqp"ykvj"vjg"Dqqm"Twppkpi"Ngcf"Ocpcigt*u+"cpf"cfxgtvkugf."cv" ngcuv"hkxg"yqtmkpi"fc{u" kp"ecug"qh"cp"KRQ"cpf"qpg"yqtmkpi"fc{" kp"ecug"qh"HRQ."rtkqt" vq" vjg"Dkf1Qhhgt"Qrgpkpi"Fcvg." kp"Gpinkuj"pcvkqpcn"fckn{."Jkpfk"pcvkqpcn"fckn{"cpf"tgikqpcn"ncpiwcig"cv"vjg"rnceg"yjgtg"vjg"tgikuvgtgf"qhhkeg"qh"vjg"Kuuwgt"ku"ukvwcvgf."pgyurcrgt"gcej"ykvj"ykfg"ektewncvkqp"

Rtkekpi"Fcvg" Vjg"fcvg"qp"yjkej"vjg"Kuuwgt"kp"eqpuwnvcvkqp"ykvj"vjg"Dqqm"Twppkpi"Ngcf"Ocpcigt*u+."hkpcnkug"vjg"Qhhgt"Rtkeg"

Rtqurgevwu" Vjg"rtqurgevwu"vq"dg"hkngf"ykvj"vjg"TqE"kp"ceeqtfcpeg"ykvj"Ugevkqp"48"qh"vjg"Eqorcpkgu"Cev" 4235" chvgt" vjg"Rtkekpi" Fcvg." eqpvckpkpi" vjg" Qhhgt" Rtkeg." vjg" uk|g" qh" vjg" Qhhgt" cpf"egtvckp"qvjgt"kphqtocvkqp"

Rwdnke"Qhhgt"Ceeqwpv" Cp" ceeqwpv" qrgpgf" ykvj" vjg" Dcpmgt" vq" vjg" Qhhgt" vq" tgegkxg"oqpkgu" htqo" vjg" Cpejqt"Guetqy"Ceeqwpv"cpf"htqo"vjg"CUDC"Ceeqwpvu"qp"vjg"Fgukipcvgf"Fcvg"

SKD"Ecvgiqt{" Vjg"rqtvkqp"qh"vjg"Qhhgt"dgkpi"uwej"pwodgt"qh"Gswkv{"Ujctgu"vq"dg"Cnnqvvgf"vq"SKDu"qp"c"rtqrqtvkqpcvg"dcuku"

Swcnkhkgf"Kpuvkvwvkqpcn"Dw{gtu"qt"SKDu"

Cu"fghkpgf"wpfgt"UGDK"KEFT"Tgiwncvkqpu"

TVIU" Tgcn"Vkog"Itquu"Ugvvngogpv"

""

"

594""

Vgto" Fguetkrvkqp"

Tgf"Jgttkpi"Rtqurgevwu1TJR"

Vjg"tgf"jgttkpi"rtqurgevwu"kuuwgf"kp"ceeqtfcpeg"ykvj"Ugevkqp"54"qh"vjg"Eqorcpkgu"Cev"4235."yjkej"fqgu"pqv"jcxg"eqorngvg"rctvkewnctu"qh"vjg"rtkeg"cv"yjkej"vjg"Gswkv{"Ujctgu"ctg"qhhgtgf"cpf"vjg"uk|g"qh"vjg"Kuuwg0"Vjg"TJR"oc{"dg"hkngf"ykvj"vjg"TqE"cv"ngcuv"vjtgg"fc{u"dghqtg"vjg"Dkf1"Qhhgt"Qrgpkpi"Fcvg"cpf"oc{"dgeqog"c"Rtqurgevwu"wrqp"hknkpi"ykvj"vjg" TqE" chvgt" vjg" Rtkekpi" Fcvg0" Kp" ecug" qh" kuuwgu" wpfgtvcmgp" vjtqwij" vjg" hkzgf" rtkeg"rtqeguu."cnn"tghgtgpegu"vq"vjg"TJR"ujqwnf"dg"eqpuvtwgf"vq"ogcp"vjg"Rtqurgevwu"

Tghwpf"Ceeqwpv*u+" Vjg"ceeqwpv"qrgpgf"ykvj"Tghwpf"Dcpm*u+."htqo"yjkej"tghwpfu"vq"Cpejqt"Kpxguvqtu." kh"cp{."qh"vjg"yjqng"qt"rctv"qh"vjg"Dkf"Coqwpv"oc{"dg"ocfg"

Tghwpf"Dcpm*u+" Tghwpf"dcpm*u+"cu"fkuenqugf"kp"vjg"TJR1Rtqurgevwu"cpf"Dkf"ewo"Crrnkecvkqp"Hqto"qh"vjg"Kuuwgt"

Tghwpfu" vjtqwij" gngevtqpke"vtcpuhgt"qh"hwpfu"

Tghwpfu"vjtqwij"Fktgev"Etgfkv."PGHV."TVIU"qt"CUDC."cu"crrnkecdng"

Tgikuvgtgf"Dtqmgt" Uvqem"Dtqmgtu"tgikuvgtgf"ykvj"vjg"Uvqem"Gzejcpigu"jcxkpi"pcvkqpykfg"vgtokpcnu."qvjgt"vjcp"vjg"ogodgtu"qh"vjg"U{pfkecvg"

Tgikuvtct"vq"vjg"Qhhgt1TVQ" Vjg"Tgikuvtct"vq"vjg"Qhhgt"cu"fkuenqugf"kp"vjg"TJR1Rtqurgevwu"cpf"Dkf"ewo"Crrnkecvkqp"Hqto"

Tgugtxgf"Ecvgiqt{1Ecvgiqtkgu"

Ecvgiqtkgu"qh"rgtuqpu"gnkikdng"hqt"ocmkpi"crrnkecvkqp1Dkffkpi"wpfgt"tgugtxcvkqp"rqtvkqp"

Tgugtxcvkqp"Rqtvkqp" Vjg"rqtvkqp" qh" vjg" Qhhgt" tgugtxgf" hqt" uwej" ecvgiqt{" qh" gnkikdng" Dkffgtu1Crrnkecpvu" cu"rtqxkfgf"wpfgt"vjg"UGDK"KEFT"Tgiwncvkqpu"

Tgvckn"Kpfkxkfwcn"Kpxguvqtu1TKKu"

Investors who applies or bids for a value of not more than ₹200,000 (including HUFs crrn{kpi" vjtqwij" vjgkt" mctvc" cpf" gnkikdng" PTKu" cpf" fqgu" pqv" kpenwfg" PTKu" qvjgt" vjcp"Gnkikdng"PTKu0"

Tgvckn"Kpfkxkfwcn"Ujctgjqnfgtu"

Shareholders of a listed Issuer who applies or bids for a value of not more than ₹ 200,000."

Tgvckn"Ecvgiqt{" Vjg"rqtvkqp"qh"vjg"Qhhgt"dgkpi"uwej"pwodgt"qh"Gswkv{"Ujctgu"cxckncdng"hqt"cnnqecvkqp"vq"TKKu" yjkej" ujcnn" pqv"dg" nguu" vjcp" vjg"okpkowo"Dkf" Nqv." uwdlgev" vq" cxckncdknkv{" kp"TKK"ecvgiqt{"cpf"vjg"tgockpkpi"ujctgu"vq"dg"Cnnqvvgf"qp"rtqrqtvkqpcvg"dcuku0"

Tgxkukqp"Hqto" Vjg"hqto"wugf"d{"vjg"Dkffgtu"kp"cp"kuuwg"vjtqwij"Dqqm"Dwknfkpi"Rtqeguu"vq"oqfkh{"vjg"swcpvkv{" qh" Gswkv{" Ujctgu" cpf1qt" dkf"rtkeg" kpfkecvgf" vjgtgkp" kp" cp{" qh" vjgkt" Dkf" ewo"Crrnkecvkqp"Hqtou"qt"cp{"rtgxkqwu"Tgxkukqp"Hqto*u+"

TqE" Vjg"Tgikuvtct"qh"Eqorcpkgu"

UGDK" Vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"eqpuvkvwvgf"wpfgt"vjg"Ugewtkvkgu"cpf"Gzejcpig"Dqctf"qh"Kpfkc"Cev."3;;4"

UGDK"KEFT"Tgiwncvkqpu" Vjg" Ugewtkvkgu" cpf" Gzejcpig" Dqctf" qh" Kpfkc" *Kuuwg" qh" Ecrkvcn" cpf" Fkuenquwtg"Tgswktgogpvu+"Tgiwncvkqpu."422;"cu"cogpfgf""

Ugnh"Egtvkhkgf"U{pfkecvg"Dcpm*u+"qt"UEUD*u+"

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Article 1.1 provides that the “Regulations contained in Table ‘F’ of Schedule I to the Companies Act, 2013 (the “Cev”), shall apply to the Company in so far as the same are not provided for or are not inconsistent with these Articles.”"

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Ctvkeng" 6038" rtqxkdes that “Subject to provisions of Section 66 of the Act, the Company may, by a special resolution, reduce the Share Capital in any manner.”"

Article 4.17 provides that “Swdlgev"vq"vjg"rtqxkukqpu"qh"Ugevkqpu"8:"vq"92"qh"vjg"Cev."vjg"Eqorcp{"ujcnn"jcxg"vjg"rqygt"vq"dw{/dcem"kvu"qyp"ujctgu."yjgvjgt"qt"pqv"vjgtg"ku"cp{"eqpugswgpv"tgfwevkqp"qh"Ecrkvcn0"Kh"cpf"vq"vjg"gzvgpv"rgtokvvgf"d{"ncy."vjg"Eqorcp{"ujcnn"cnuq"jcxg"vjg"rqygt"vq"tg/issue the shares so bought back.”"

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603504 to employees under a scheme of employees’ stock option, subject to special resolution passed by ogodgtu"qh"vjg"Eqorcp{"cpf"uwdlgev"vq"uwej"eqpfkvkqpu"cu"urgekhkgf"kp"vjg"Eqorcpkgu"*Ujctg"Ecrkvcn"cpf"Fgdgpvwtgu+"Twngu."4236"="qt"""60350403 vq"cp{"rgtuqpu."kh"kv"ku"cwvjqtkugf"d{"c"urgekcn"tguqnwvkqp."yjgvjgt"qt"pqv"vjqug"rgtuqpu"kpenwfg"

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Article 4.14 provides that “The Company in general meeting may, urqp" vjg" tgeqoogpfcvkqp" qh" vjg" Dqctf."tguqnxg/""

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Article 7.1 provides that “The Board may, from time to time, make calls upon the members in respect of any oqpkgu"wprckf"qp"vjgkt"ujctgu"*yjgvjgt"qp"ceeqwpv"qh"vjg"pqokpcn"xcnwg"qh"vjg"ujctgu"qt"d{"yc{"qh"rtgokwo+"cpf"not by the conditions of allotment thereof made payable at fixed times.” "

Article 7.2 provides that “No Call shall exceed one/fourth of the nominal value of the Share of the Company.”""

Article 7.4 provides that “Each member shall, subject to receiving at least fourteen days’ notice specifying the vkog"qt"vkogu"cpf"rnceg"qh"rc{ogpv."rc{"vq"vjg"eqorcp{."cv"vjg"vkog"qt"vkogu"cpf"rnceg"uq"urgekhkgf."vjg"coqwpv"called on his or her shares.”"

Article 7.5 provides that “A call may be revoked or postponed at the"discretion of the Board.”"

Article 7.7 provides that “The joint holders of a share shall be jointly and severally liable to pay all calls in respect thereof.”"

Article 7.8 provides that “If a sum called in respect of a share is not paid before or on the day"crrqkpvgf" hqt"rc{ogpv" vjgtgqh." vjg"rgtuqp" htqo"yjqo" vjg"uwo" ku"fwg" ujcnn"rc{" kpvgtguv" vjgtgqp" htqo" vjg"fc{"crrqkpvgf" hqt"rc{ogpv"vjgtgqh"vq"vjg"vkog"qh"cevwcn"rc{ogpv"cv"vgp"rgt"egpv0"rgt"cppwo"qt"cv"uwej"nqygt"tcvg."kh"cp{."cu"vjg"Dqctf"may determine.” "

Article 7.9 provides that “The Board shall be at liberty to waive payment of any such interest wholly or in part.”"

Article 7.10 provides that “Any sum which by the terms of issue of a share becomes payable on allotment or at cp{"hkzgf"fcvg."yjgvjgt"qp"ceeqwpv"qh"vjg"pqokpcn"xcnwg"qh"vjg"ujctg"qt"d{"yc{"qh"rtgokwo."ujcnn."hqt"vjg"rwtrqugu"qh"vjgug"tgiwncvkqpu."dg"fggogf"vq"dg"c"ecnn"fwn{"ocfg"cpf"rc{cdng"qp"vjg"fcvg"qp"yjkej"d{"vjg"vgtou"qh"kuuwg"such sum becomes payable.”"

Article 7.11 provides that “Fourteen days’ notice at least of every call made payable otherwise than on allotment ujcnn"dg"ikxgp"d{"vjg"Eqorcp{"kp"vjg"ocppgt"jgtgkpchvgt"rtqxkfgf"hqt"vjg"ikxkpi"qh"pqvkegu"urgekh{kpi"vjg"vkog"cpf"rnceg"qh"rc{ogpv."cpf"vjg"rgtuqp"vq"yjqo"uwej"ecnn"ujcnn"dg"rckf0"Rtqxkfgf"vjcv"dghqtg"vjg"vkog"hqt"rc{ogpv"qh"uwej"ecnn"vjg"Dqctf"oc{"d{"pqvkeg"ikxgp"kp"vjg"ocppgt"jgtgkpchvgt"rtqxkfgf"tgxqmg"vjg"ucog0"Vjg"Dqctf"oc{."htqo"vkog"vq"vkog"cv"vjgkt"fkuetgvkqp."gzvgpf"vjg"vkog"hkzgf"hqt"vjg"rc{ogpv"qh"cp{"ecnn."cpf"oc{"gzvgpf"uwej"vkog"cu"vq"cnn"qt"cp{"qh"vjg"ogodgtu"yjq."vjg"Dqctf"oc{"fggo"hcktn{"gpvkvngf"vq"uwej"gzvgpukqp="dwv"pq"ogodgt"ujcnn"be entitled to any such extension, except as a matter of grace and favour.”"

Article 7.13 provides that “The Board may, if it thinku"hkv."uwdlgev"vq"vjg"rtqxkukqpu"qh"vjg"Cev"tgegkxg"htqo"cp{"ogodgt"yknnkpi"vq"cfxcpeg"vjg"ucog."cnn"qt"cp{"rctv"qh"vjg"oqpkgu"wpecnngf"cpf"wprckf"wrqp"cp{"ujctgu"jgnf"d{"him or her.”"

Article 7.14 provides that “Upon the amount so paid or satisfied in advapeg."qt"uq"owej"vjgtgqh"cu"htqo"vkog"vq"vkog"cpf"cv"cp{"vkog"vjgtgchvgt"gzeggfu"vjg"coqwpv"qh"vjg"ecnnu"vjgp"ocfg"wrqp"cpf"fwg"kp"tgurgev"qh"vjg"Ujctgu"kp"tgurgev"qh"yjkej"uwej"cfxcpeg"jcu"dggp"ocfg."vjg"Eqorcp{"oc{"rc{"kpvgtguv"cv"uwej"tcvg."cu"vjg"Ujctgjqnfgt"rc{kpi"uwej"uwo"kp"cfxcpeg"cpf"vjg"Dqctf"citgg"wrqp."rtqxkfgf"vjcv"vjg"oqpg{"rckf"kp"cfxcpeg"qh"ecnnu"ujcnn"pqv"confer a right to participate in profits or Dividend. The Directors may at any time repay the amount so advanced.”"

Ctvkeng"9037"rtqxkfgu"vhat “The member making such advance shall not, however, be entitled to any voting rights kp" tgurgev"qh" vjg"oqpg{u" uq" cfxcpegf"d{"jko" wpvkn" vjg" ucog"yqwnf."dwv" hqt" uwej"rc{ogpv."dgeqog"rtgugpvn{"payable.” "

Article 7.16 provides that “The provisions of these"Ctvkengu"ujcnn"owvcvku"owvcpfku"crrn{"vq"vjg"ecnnu"qp"fgdgpvwtgu"of the Company.”"

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Hqthgkvwtg."Uwttgpfgt"cpf"nkgp"

Article 8.1 provides that “Kh"cp{"ogodgt"hcknu"vq"rc{"cp{"oqpg{"fwg"htqo"jko" kp"tgurgev"qh"cp{"ecnn"ocfg"qt"coqwpv"qt"kpuvcnogpv"cu"rtqxkfgf"kp"vjgug"Ctvkengu"qp"qt"dghqtg"vjg"fc{"crrqkpvgf"hqt"rc{ogpv"qh"vjg"ucog."qt"cp{"uwej"gzvgpukqp"vjgtgqh"cu"chqtguckf"qt"cp{"kpvgtguv"fwg"qp"uwej"ecnn"qt"coqwpv"qt"kpuvcnogpv"qt"cp{"gzrgpugu"vjcv"oc{"jcxg"dggp"kpewttgf"vjgtgqp."vjg"Fktgevqtu"qt"cp{"rgtuqp"cwvjqtkugf"d{"vjgo"hqt"vjg"rwtrqug"oc{."cv"cp{"vkog"vjgtgchvgt."fwtkpi"uwej"vkog"cu"uwej"oqpg{"tgockpu"wprckf."qt"c"lwfigogpv"qt"c"fgetgg"kp"tgurgev"vjgtgqh"tgockpu"wpucvkuhkgf"kp"yjqng"qt"kp"rctv."ugtxg"c"pqvkeg"kp"vjg"ocppgt"jgtgkpchvgt"rtqxkfgf"hqt"vjg"ugtxkpi"qh"pqvkegu"qp"uwej"ogodgt"qt"cp{"qh"jku"ngicn"tgrtgugpvcvkxgu"qt"cp{"qh"vjg"rgtuqpu"gpvkvngf"vq"vjg"ujctg"d{"vtcpuokuukqp."tgswktkpi"rc{ogpv"qh" vjg"oqpg{"rc{cdng" kp"tgurgev"qh" uwej"ujctg." vqigvjgt"ykvj"uwej" kpvgtguv"cpf"cnn"gzrgpugu"*ngicn"qt"qvjgtykug+"kpewttgf"d{"vjg"Eqorcp{"d{"tgcuqp"qh"uwej"pqp/payment.”"

Article 8.3 provides that “Kh"vjg"tgswktgogpvu"qh"cp{"uwej"pqvkeg"cu"chqtguckf"ctg"pqv"eqornkgf"ykvj."gxgt{"qt"cp{"ujctg"kp"tgurgev"qh"yjkej"vjg"pqvkeg"ku"ikxgp"oc{."cv"cp{"vkog"vjgtgchvgt"dghqtg"rc{ogpv"qh"cnn"ecnnu"qt"coqwpvu"qt"kpuvcnnogpvu."kpvgtguv"cpf"gzrgpugu"fwg"kp"tgurgev"vjgtgqh."dg"hqthgkvgf"d{"c"tguqnwvkqp"qh"vjg"Dqctf"vq"vjcv"ghhgev0"Uwej"hqthgkvwtg"ujcnn"kpenwfg"cnn"fkxkfgpfu"cpf"dqpwugu"fgenctgf"kp"tgurgev"qh"vjg"hqthgkvgf"ujctgu"cpf"pqv"cevwcnn{"paid before the forfeiture.”"

Article 8.9 provides “The Board may, subject to the provision of the Act, accept a surrender of any share from or by any member desirous of surrendering those on such terms as they think fit.”"

Ctvkeng":033"rtqxkfgs that “The Company shall have a first and paramount lien upon all the shares or debentures pqv"dgkpi"hwnn{"rckf/wr"ujctgu"qt"fgdgpvwtgu."tgikuvgtgf"kp"vjg"pcog"qh"gcej"ogodgt"*yjgvjgt"uqngn{"qt"lqkpvn{"ykvj"cpqvjgt"qt"qvjgtu+"cpf"wrqp"vjg"rtqeggfu"qh"ucng"vjgtgqh."hqt"cnn"oqpg{u"*yjgvjgt"rtgugpvn{"rc{cdng"qt"pqv+"ecnngf"qt"rc{cdng"cv"c"hkzgf"vkog"kp"tgurgev"qh"uwej"ujctgu1"fgdgpvwtgu"cpf"pq"gswkvcdng"kpvgtguv"kp"cp{"ujctgu"ujcnn"dg"etgcvgf"gzegrv"wrqp"vjg"hqqvkpi"cpf"eqpfkvkqp"vjcv"vjku"Ctvkeng"jgtgqh"ku"vq"jcxg"hwnn"ghhgev0"Cp{"uwej"nkgp"ujcnn"gzvgpf" vq" cnn" fkxkfgpfu" cpf"dqpwugu" htqo" vkog" vq" vkog" fgenctgf" kp" tgurgev" qh" uwej" ujctgu1fgdgpvwtgu0" Wpnguu"qvjgtykug"citggf."vjg"tgikuvtcvkqp"qh"c"vtcpuhgt"qh"ujctgu1fgdgpvwtgu"ujcnn"qrgtcvg"cu"c"yckxgt"qh"vjg"Eqorcny’s nkgp."kh"cp{."qp"uwej"ujctgu1fgdgpvwtgu0"Vjg"Dqctf"oc{"cv"cp{"vkog"fgenctg"cp{"ujctgu"qt"fgdgpvwtgu"vq"dg"gzgorv."wholly or partially from the provisions of this Article.”"

Article 8.12 provides that “For the purpose of enforcing such lien, the Directotu"oc{"ugnn."vjg"ujctgu"uwdlgev"vjgtgvq"kp"uwej"ocppgt"cu" vjg{" vjkpm"hkv"cpf" vtcpuhgt" vjg"ucog" vq" vjg"pcog"qh" vjg"rwtejcugt."ykvjqwv"cp{"eqpugpv"cpf"pqvykvjuvcpfkpi"cp{"qrrqukvkqp"qp" vjg"rctv"qh" vjg" kpfgdvgf"ogodgt"qt"cp{"qvjgt"rgtuqp"qt"rgtuqpu" kpvgtguvgf"vjgtgkp"cpf"c"eqorngvg"vkvng"vq"vjg"ujctgu"yjkej"ujcnn"dg"uqnf"cpf"vtcpuhgttgf"ujcnn"dg"ceswktgf"d{"vjg"rwtejcugt."d{"xktvwg"qh"uwej"ucng"cpf"vtcpuhgt."cickpuv"uwej"kpfgdvgf"ogodgt"cpf"cnn"rgtuqpu"enckokpi"ykvj"qt"wpfgt"jko"yjgvjgt"jg"oc{"dg"kpfgdvgf"vq"vjg"Eqorcp{"kp"rqkpv"qh"hcev"qt"pqv0"Dwv"pq"uwej"ucng"ujcnn"dg"ocfg"wpvkn"pqvkeg"kp"ytkvkpi"uvcvkpi"vjg"coqwpv"fwg"qt"urgekh{kpi"vjg"nkcdknkv{"qh"gpicigogpv"cpf"fgocpfkpi"rc{ogpv"qt"hwnhknnogpv"qt"fkuejctig"vjgtgqh"cpf"qh"vjg"kpvgpvkqp"vq"ugnn" kp"fghcwnv"ujcnn"jcxg"dggp"ugtxgf"wrqp"uwej"ogodgt"qt"jku"jgktu."gzgewvqtu."cfokpkuvtcvqtu."tgrtgugpvcvkxgu"qt"rgtuqpu"cpf"fghcwnv"ujcnn"jcxg"dggp"ocfg"d{"jko"qt"vjgo"kp"rc{ogpv."hwnhknnogpv"qt"fkuejctig"qh"uwej"fgdvu."nkcdknkvkgu"qt"gpicigogpvu"hqt"ugxgp"fc{u"chvgt"uwch notice.”"

Vtcpuhgt"cpf"Vtcpuokuukqp"qh"Ujctgu"

Articles 9.1 provides that “The Eqorcp{"ujcnn"ockpvckp"c"‘Register of Transfers’ and therein shall be fairly and fkuvkpevn{"gpvgtgf" vjg"rctvkewnctu"qh" gxgt{" vtcpuhgt"qt" vtcpuokuukqp"qh" cp{" ujctg"jgnf" kp" c"ocvgtkcn" hqto" kp" vjg"Eqorcp{0”"

Ctvkeng";04"rtqxkfgu"vjcv"“Kp"ceeqtfcpeg"ykvj"Ugevkqp"78"qh"vjg"Cev."vjg"kpuvtwogpv"qh"vtcpuhgt"ujcnn"dg"kp"ytkvkpi"cpf"kp"eqornkcpeg"ykvj"crrnkecdng"ncy"ykvj"tgurgev"vq"cnn"vtcpuhgt"qh"ujctgu"jgnf"kp"rj{ukecn"hqto"cpf"tgikuvtcvkqp"vjgtgqh0"Uwdlgev"vq"vjg"rtqxkukqpu"qh"vjg"Cev."pq"vtcpuhgt"ujcnn"dg"tgikuvgtgf"wpnguu"c"rtqrgt"kpuvtwogpv"qh"vtcpuhgt"jcu"dggp"fgnkxgtgf" vq" vjg"Eqorcp{0"Gxgt{" kpuvtwogpv"qh" vtcpuhgt" *yjkej"ujcnn"dg" kp" vjg" hqto" urgekhkgf" kp" vjg"Twngu+"ujcnn"dg"fwn{"uvcorgf."fcvgf"cpf"ujcnn"dg"gzgewvgf"d{"qt"qp"dgjcnh"qh"vjg"vtcpuhgtqt"cpf"vjg"vtcpuhgtgg"cpf"kp"vjg"ecug"qh"c"ujctg"jgnf"d{"vyq"qt"oqtg"jqnfgtu"qt"vq"dg"vtcpuhgttgf"vq"vjg"lqkpv"pcogu"qh"vyq"qt"oqtg"vtcpuhgtggu"d{"cnn"uwej"lqkpv"jqnfgtu"qt"d{"cnn"uwej"lqkpv"vtcpuhgtggu."cu"vjg"ecug"oc{"dg."ugxgtcn"gzgewvqtu"qt"cfokpkuvtcvqtu"qh"c"fgegcugf"ogodgt"rtqrqukpi"vq"vtcpuhgt"vjg"ujctgu"tgikuvgtgf"kp"vjg"pcog"qh"uwej"fgegcugf"ogodgt"ujcnn"cnn"ukip"vjg"kpuvtwogpv"qh"vtcpuhgt"kp"tgurgev"qh"vjg"ujctg"cu"kh"vjg{"ygtg"vjg"lqkpv/jqnfgtu"qh"vjg"ujctg0"Vjg"kpuvtwogpv"qh"vtcpuhgt"ujcnn"urgekh{"vjg"pcog."cfftguu"cpf"qeewrcvkqp."kh"cp{."qh"vjg"vtcpuhgtgg0"C"eqooqp"hqto"qh"vtcpuhgt"ujcnn"dg"wugf"hqt"vtcpuhgt"qh"ujctgu0"Kp"ecug"qh"vtcpuhgt"qh"ujctgu"yjgtg"vjg"Eqorcp{"jcu"pqv"kuuwgf"cp{"egtvkhkecvgu"cpf"where the shares are held in dematerialized form, the provisions of the Depositories Act shall apply.” "

Article 9.3 provides that “In the case of the death of any one or more of the members named in the Register as the lqkpv/jqnfgtu"qh" cp{"ujctg." vjg" uwtxkxqt"qt" uwtxkxqtu" ujcnn"dg" vjg"qpn{"rgtuqpu" tgeqipkugf"d{" vjg"Eqorcp{"cu"

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jcxkpi"cp{"vkvng"vq"qt"kpvgtguv"kp"uwej"ujctg."dwv"pqvjkpi"jgtgkp"eqpvckpgf"ujcnn"dg"vcmgp"vq"tgngcug"vjg"guvcvg"qh"vjg"fgegcugf"lqkpv/jqnfgt"htqo"cp{"nkcdknkv{"qp"the shares held by him jointly with any other person.”"

Article 9.5 provides that “Subject to the provisions of these Articles, any person to whom the right to any share jcu"dggp"vtcpuokvvgf"kp"eqpugswgpeg"qh"vjg"fgcvj"qt"kpuqnxgpe{"qh"cp{"ogodgt"qt"qvjgtykug"d{"qrgtcvkqp"qh"ncy"oc{."ykvj"vjg"eqpugpv"qh"vjg"Dqctf"*yjkej"vjg{"ujcnn"pqv"dg"wpfgt"cp{"qdnkicvkqp"vq"ikxg+"cpf"wrqp"jku"rtqfwekpi"uwej"gxkfgpeg"vjcv"jg"uwuvckpu"vjg"ejctcevgt"kp"tgurgev"qh"yjkej"jg"rtqrqugu"vq"cev"wpfgt"vjg"Ctvkeng"cpf"qh"jku"vkvng"cu"vjg"Fktgevqtu"vjkpm"uwhhkekgpv"dg"tgikuvgtgf"cu"c"ogodgt"kp"tgurgev"qh"uwej"ujctgu"0"Vjku"encwug"ku"jgtgkpchvgt"referred to as the ‘transmission clause’. A transfer of the share or other interest in the Company of a deceased ogodgt"vjgtgqh"ocfg"d{"jku"ngicn"tgrtgugpvcvkxg"ujcnn."cnvjqwij"vjg"ngicn"tgrtgugpvcvkxg"ku"pqv"jkougnh"c"ogodgt"be as valid as if he had been a member at the time of effecting the transmission.”"

Article 9.7 provides that “C"rgtuqp"gpvkvngf"vq"ujctgu"d{"vtcpuokuukqp"oc{."wpvkn"vjg"Fktgevqtu"qvjgtykug"fgvgtokpg."tgegkxg"cpf"ikxg"fkuejctig"hqt"cp{"fkxkfgpfu."dqpwugu"qt"qvjgt"oqpg{u"rc{cdng"kp"tgurgev"qh"vjg"ujctg."dwv"jg"ujcnn"pqv"dg"gpvkvngf"vq"xqvg"cv"cp{"oggvkpiu"qh"vjg"Eqorcp{"cpf"vq"cp{"qh"vjg"tkijvu"cpf"rtkxkngigu"qh"c"ogodgt."wpnguu"and until he shall have become a member in respect of the shares.”"

Article 9.10 provides that “Uwdlgev"vq"ugevkqp"7:"cpf"7;"cpf"qvjgt"crrnkecdng"rtqxkukqpu"qh"vjg"Cev."vjg"Dqctf"oc{."cv"kvu"cduqnwvg"cpf"wpeqpvtqnngf"fkuetgvkqp"cpf"d{"ikxkpi"tgcuqpu."fgenkpg"vq"tgikuvgt"qt"cempqyngfig"cp{"vtcpuhgt"qt" vtcpuokuukqp" qh" ujctgu" yjgvjgt" hwnn{" rckf" qt" pqv" cpf" vjg" tkijv" qh" tghwucn." ujcnn" pqv" dg" chhgevgf" d{" vjg"ektewouvcpegu"vjcv"vjg"rtqrqugf"vtcpuhgtgg"ku"cntgcf{"c"ogodgt"qh"vjg"Eqorcp{"dwv"kp"uwej"ecugu."vjg"Fktgevqtu"ujcnn"ykvjkp"qpg"oqpvj"htqo"vjg"fcvg"qp"yjkej"vjg"kpuvtwogpv"qh"vtcpuhgt"ycu"nqfigf"ykvj"vjg"Eqorcp{."ugpf"vq"vjg"vtcpuhgtgg"cpf"vtcpuhgtqt"pqvkeg"qh" vjg"tghwucn"vq"tgikuvgt"uwej"vtcpuhgt"rtqxkfgf"vjcv"tgikuvtcvkqp"qh" vtcpuhgt"ujcnn"pqv"dg"tghwugf"qp"vjg"itqwpf"qh"vjg"vtcpuhgtqt"dgkpi"gkvjgt"cnqpg"qt"lqkpvn{"ykvj"cp{"qvjgt"rgtuqp"qt"rgtuqpu"kpfgdvgf"vq"vjg"Eqorcp{"qp"cp{"ceeqwpv"yjcvuqgxgt"gzegrv"yjgp"vjg"Eqorcp{"jcu"c"nkgp"qp"vjg"ujctgu0"Vtcpuhgt"qh"ujctgu1"fgdgpvwtgu"kp"yjcvgxgt"nqv"ujcnn"pqv"dg"tefused.”""

Article 9.11 provides that “The Transferor shall be deemed to remain the holder of the shares until the name of the transferee shall be entered in the Register of Members.”"

Eqpxgpkpi"Igpgtcn"Oggvkpiu""

Ctvkeng"3304"rtqxkfgu"vjcv"“Vjg"Fktgevqtu"oc{"ecnn"Gzvtcqtfkpct{"Igpgtcn"Oggvkpiu"qh"vjg"Eqorcp{"yjgpgxgt"they think fit and such meetings shall be held at such place and time as the Directors think fit.”"

Ctvkeng"3306"rtqxkfgu"vjcv"–"

330603""“Vjg"Dqctf"qh"Fktgevqtu"qh"vjg"Eqorcp{"ujcnn"qp"vjg"tgswkukvkqp"qh"uwej"pwodgt"qh"ogodgtu"qh"vjg"Eqorcp{"cu"ku"urgekhkgf"kp"330606"jgtgkp"dgnqy"hqtvjykvj"rtqeggf"fwn{"vq"ecnn"cp"Gzvtcqtfkpct{"Igpgtcn"Oggvkpi"qh"vjg"Eqorcp{"

330604""Vjg"tgswkukvkqp"ujcnn"ugv/qwv"vjg"ocvvgtu"hqt"vjg"eqpukfgtcvkqp"qh"yjkej"vjg"oggvkpi"ku"vq"dg"ecnngf"ujcnn"dg"ukipgf"d{"vjg"tgswkukvkqpkuvu"cpf"ujcnn"dg"ugpv"vq"vjg"Tgikuvgtgf"Qhhkeg"qh"vjg"Eqorcp{0""

330605 Vjg" tgswkukvkqp"oc{" eqpukuv" qh" ugxgtcn" fqewogpvu" kp" nkmg" hqto" gcej" ukipgf" d{" qpg" qt"oqtg"tgswkukvkqpkuvu0"

330606" "Vjg"pwodgt"qh"ogodgtu"gpvkvngf" vq"tgswkukvkqp"c"oggvkpi" kp"tgictf" vq"cp{"ocvvgt"ujcnn"dg"uwej"pwodgt"qh" vjgo" cu"jqnf"dqvj"qp" vjg"fcvg"qh" uwej" tgswkukvkqp"cpf"qp" vjg"fcvg"qh" tgegkrv"qh" vjg"tgswkukvkqp"pqv"nguu"vjcp"qpg/vgpvj"qh"uwej"qh"vjg"rckf/wr"ecrkvcn"qh"vjg"Eqorcp{"cu"cv"vjcv"fcvg"ecttkgu"vjg"tkijv"qh"xqvkpi"kp"tgictf"vq"vjcv"ocvvgt0”"

Xqvkpi"Tkijvu"cpf"Rtqz{"

Article 14.1 provides that “No member shall be entitled to exercise any voting right on any question either rgtuqpcnn{"qt"d{"rtqz{"qt"wrqp"rqnn"*kpenwfkpi"xqvkpi"d{"gngevtqpke"ogcpu+"kp"tgurgev"qh"cp{"ujctgu"tgikuvgtgf"kp"jku"pcog"qp"yjkej"cp{"ecnnu"qt"qvjgt"uwou"rtgugpvn{"rc{cdng"d{"jko"jcxg"pqv"dggp"rckf"qt"kp"tgictf"vq"yjkej"vjg"Company has or has exercised any right of lien.”"

Article 14.6 provides that “Subject and withouv"rtglwfkeg"vq"cp{"urgekcn"rtkxkngigu"qt"tguvtkevkqpu"qt"eqpfkvkqpu"hqt"vjg"vkog"dgkpi"cvvcejgf"vq"qt"chhgevkpi"vjg"rtghgtgpeg"qt"qvjgt"urgekcn"encuugu"qh"ujctgu."kh"cp{."kuuwgf"d{"cpf"hqt"vjg"vkog"dgkpi"hqtokpi"rctv"qh"vjg"ecrkvcn"qh"vjg"Eqorcp{"gxgt{"ogodgt."gpvkvngf"vq"xqvg"wpfgt"vjg"rtqxkukqpu"qh"vjgug"rtgugpvu"cpf"pqv"fkuswcnkhkgf"d{"vjg"rtqxkukqpu"qh"Ctvkengu"qt"d{"cp{"qvjgt"Ctvkeng"ujcnn"qp"c"ujqy"qh"jcpfu"jcxg"qpg"xqvg"cpf"wrqp"c"rqnn"gxgt{"ogodgt."rtgugpv"kp"rgtuqp"qt"rtqz{"qt"cigpv"fwn{"cwvjqtkugf"d{"c"rqygt/qh/cvvqtpg{"qt"tgrtgugpvcvkxg"fwn{"cwvjqtkugf"cpf"pqv"fkuswcnkhkgf"cu"chqtguckf."ujcnn"jcxg"xqvkpi"tkijvu"kp"rtqrqtvkqp"vq"jku"ujctg"qh"vjg"rckf/wr"gswkv{"ecrkvcn"qh"vjg"Eqorcp{"uwdlgev"jqygxgt"vq"cp{"nkokvu"korqugf"d{"ncy0"Dwv"pq"ogodgt"ujcnn"have voting right in respect of any moneys paid in advance as provided by these Articles.”"

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Article 14.9 provides that “Any member entitled to attend and vote at a meeting of the Company shall be entitled vq"crrqkpv"cpqvjgt"rgtuqp"*yjgvjgt"c"ogodgt"qt"pqv+"cu"jku"rtqz{"vq"cvvgpf"cpf"xqvg"kpuvgcf"qh"jkougnh"dwv"c"rtqz{"uq"crrqkpvgf"ujcnn"pqv"jcxg"cp{"tkijv"vq"urgcm"cv"vjg"oggvkpi"cpf"ujcnn"pqv"dg"gpvkvngf"vq"xqvg"gzegrv"qp"c"rqnn0"C"rgtuqp"ujcnn"*c+"pqv"cev"cu"rtqz{"hqt"oqtg"vjcp"72"Ogodgtu"cpf"jqnfkpi"kp"ciitgicvg"pqv"oqtg"vjcp"32'"qh"vjg"vqvcn"ujctg"ecrkvcn"qh"vjg"Eqorcp{="*d+"pqv"cev"cu"rtqz{"hqt"oqtg"vjcp"qpg"Ogodgt."kh"vjcv"Ogodgt"jqnfu"oqtg"than 10% of the total share capital of the Company.”"

Article 14.10 provides that “The instrument appointing a proxy" ujcnn"dg" kp"ytkvkpi"cpf"ujcnn"dg"ukipgf"d{"vjg"crrqkpvgt"qt"jku"cvvqtpg{"fwn{"cwvjqtkugf"kp"ytkvkpi0"Kh"vjg"crrqkpvgt"ku"c"Dqf{"Eqtrqtcvg"uwej"kpuvtwogpv"ujcnn"dg"wpfgt"kvu"ugcn"qt"dg"ukipgf"d{"cp"qhhkegt"qt"cp"cvvqtpg{"fwn{"cwvjqtkugf"d{"kv."qt"d{"vjg"rgtuqpu"cwvjqtkugf"vq"cev"cu"vjg"tgrtgugpvcvkxg"qh"uwej"eqorcp{"cu"rgt"vjg"rtqxkukqp"qh"vjg"Cev"cpf"vjgug"Ctvkengu0"Cp{"kpuvtwogpv"crrqkpvkpi"c"rtqz{"vq"xqvg"cv"c"oggvkpi"ujcnn"dg"fggogf"vq"kpenwfg"vjg"rqygt"vq"fgocpf"qt"lqkp"kp"vjg"fgocpf"hqt"c"rqnn"qp"dgjclf of the appointer, where a poll has not been ordered to be carried out electronically.”"

Article 14.11 provides that “No instrument of proxy shall be treated as valid and no person shall be allowed to xqvg"qt"cev"cu"rtqz{"cv"cp{"oggvkpi"wpfgt"cp"kpuvtwogpv"qh"rtqz{."wpnguu"uwej"kpuvtwogpv"qh"rtqz{"cpf"rqygt/qh"cvvqtpg{"qt"qvjgt"cwvjqtkv{"*kh"cp{+"wpfgt"yjkej"kv"ku"ukipgf"qt"c"pqvctkcnn{"egtvkhkgf"eqr{"qh"vjcv"rqygt"qt"cwvjqtkv{"ujcnn" jcxg"dggp"fgrqukvgf" cv" vjg"Tgikuvgtgf"Qhhkeg"qh" vjg" Eqorcp{" cv" ngcuv" hqtv{/gkijv" jqwtu"dghqtg" vjg" vkog"crrqkpvgf"hqt"jqnfkpi"vjg"oggvkpi"qt"cflqwtpgf"oggvkpi"cv"yjkej"vjg"rgtuqpu"pcogf"kp"uwej"kpuvtwogpv"rtqrqugu"vq"xqvg0"Cp"kpuvtwogpv"crrqkpvkpi"c"rtqz{"qt"cp"cvvqtpg{"rgtocpgpvn{"qt"hqt"c"egtvckp"rgtkqf"qpeg"tgikuvgtgf"ykvj"vjg"Eqorcp{"pggf"pqv"dg"cickp"tgikuvgtgf"dghqtg"gcej"uweeguukxg"oggvkpi"cpf"ujcnn"dg"kp"hqteg"wpvkn"vjg"ucog"ujcnn"dg"tgxqmgf0"Pqvykvjuvcpfkpi"vjcv"c"rqygt/qh/cvvqtpg{"qt"qvjgt"cwvjqtkv{"jcu"dggp"tgikuvgtgf"kp"vjg"tgeqtfu"qh"vjg"Eqorcp{."vjg"Eqorcp{"oc{"d{"pqvkeg"kp"ytkvkpi"cfftguugf"vq"vjg"ogodgt"qt"vq"cvvqtpg{"cv"ngcuv"ugxgp"fc{u"dghqtg"vjg"fcvg"qh"c"oggvkpi"tgswktg"jko"vq"rtqfweg"vjg"qtkikpcn"rqygt/qh"cvvqtpg{"qt"cwvjqtkv{"cpf"wpnguu"vjg"ucog"ku"vjgtgwrqp"fgrqukvgf"ykvj"vjg"Eqorcp{"vjg"cvvqtpg{"ujcnn"pqv"dg"gpvkvngf"vq"xqvg"cv"uwej"oggvkpi"wpnguu"vjg"Fktgevqtu"kp"vjgkt"cduqnwvg"fkuetgvkqp"gzewug"uwej"pqp/production and deposit.”"

Article 14.14 provides that “A vote given in pursuance of an instrument of proxy shall be valid, notwithstanding vjg"rtgxkqwu"fgcvj"qh" vjg"rtkpekrcn"qt" vjg"tgxqecvkqp"qh" vjg"rtqz{"qt"cp{"rqygt/qh/cvvqtpg{"wpfgt"yjkej"uwej"rtqz{"ycu"ukipgf"qt" vjg" vtcpuhgt"qh" vjg"ujctgu" kp"tgurgev"qh"yjkej" vjg"xqvg" ku"ikxgp"rtqxkfgf"pq" kpvkocvkqp" kp"ytkvkpi"qh" vjg"fgcvj." tgxqecvkqp"qt" vtcpuhgt" ujcnn"jcxg"dggp"tgegkxgf"cv" vjg"Tgikuvgtgf"Qhhkeg"qh" vjg"Eqorcp{"before the vote is given.”"

Article 14.15 provides that “No objection shall be made to the validity of any vote except at the meeting or cflqwtpgf"oggvkpi"qt"rqnn"cv"yjkej"uwej"xqvg"ujcnn"dg"vgpfgtgf"cpf"gxgt{"xqvg"yjgvjgt"ikxgp"rgtuqpcnn{"qt"d{"rtqz{."cpf"pqv"fkucnnqygf"cv"uwej"oggvkpi"qt"rqnn."ujcnn"dg"fggogf"xcnkf"hqt"cnn"rwtrqugu"qh"uwej"oggvkpi"qt"rqnn"whatsoever.”"

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Article 15.1 provides that “Vjg"Eqorcp{"kp"Igpgtcn"Oggvkpi"oc{"fgenctg"c"fkxkfgpf"vq"dg"rckf"vq"vjg"ogodgtu"according to their respective rights and interests in the profits, and may fix the time for the payment thereof.”"

Article 15.3 provides that “No larger dividend shall be declared than is recommended by the Directors, but vjg"Company in General Meeting may declare a smaller dividend.”"

Article 15.7 provides that the “Directors may, from time to time, declare and pay to the members such interim dividend as in their judgment the position of the Company justifies.”"

Ctvkeng"370:"rtqxkfgu"vjcv"“Pq"ogodgt"ujcnn"dg"gpvkvngf"vq"tgegkxg"rc{ogpv"qh"cp{"fkxkfgpf"kp"tgurgev"qh"cp{"ujctg"qt"ujctgu"qp"yjkej"vjg"Eqorcp{"jcu"c"nkgp."qt"yjknuv"cp{"coqwpv"fwg"qt"qykpi"htqo"vkog"vq"vkog"vq"vjg"Eqorcp{."gkvjgt"cnqpg"qt"lqkpvn{"ykvj"cp{"qvjgt"rgtuqp"qt"rgtuqpu."kp"tgurgev"qh"uwej"ujctg"qt"ujctgu."qt"qp"cp{"qvjgt"ceeqwpv"yjcvuqgxgt." tgockpu" wprckf." cpf" vjg" Fktgevqtu" oc{" tgvckp." crrn{" cpf" cflwuv" uwej" fkxkfgpf" kp" qt" vqyctfu"ucvkuhcevkqp"qh"cnn"fgdvu."nkcdknkvkgu."qt"gpicigogpvu"kp"tgurgev"qh"yjkej"vjg"nkgp"gzkuvu."cpf"qh"cnn"uwej"oqpg{"fwg"as aforesaid.”"

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Article 17.1 provides that “The number of Directors shall not be less than four and not more than fifteen Directors, ykvj"cv"ngcuv"qpg"yqocp"Fktgevqt0"Vjg"Eqorcp{"ujcnn."uwdlgev"vq"vjg"rtqxkukqpu"qh"vjg"Cev."jcxg"vjg"rqygt"vq"increase the number of Directors beyond 15 after passing a special resolution.” "

Ctvkeng"390304"rtqxkfgu"vjcv"“Uwdlgev" vq"vjg"Cev"cpf"qvjgt"crrnkecdng"ncy."cp{"Ujctgjqnfgt" yjq."vqigvjgt"ykvj"Chhknkcvgu."jqnfu"vgp"rgt"egpv0"*32'+"qt"oqtg"qh"vjg"qwvuvcpfkpi"Gswkv{"Ujctg"Ecrkvcn"qh"vjg"Eqorcp{."ujcnn"jcxg"vjg"tkijv"vq"pqokpcvg"qpg"*3+"Fktgevqt"qp"vjg"Dqctf0""

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*c+ “Affiliates” means (i) in relation vq"c"rgtuqp"dgkpi"cp"kpfkxkfwcn."vjg"tgncvkxgu"qh"uwej"kpfkxkfwcn"cu"fghkpgf"wpfgt"Ugevkqp"4*99+"qh"vjg"Cev="qt"*kk+"kp"tgncvkqp"vq"c"rgtuqp"dgkpi"c"eqorcp{"qt"dqf{"eqtrqtcvg."cp{"qvjgt"rgtuqp"yjkej"Eqpvtqnu."qt"ku"wpfgt"vjg"Eqpvtqn"qh."qt"wpfgt"eqooqp"Eqpvtqn"ykvj."uwej"rgtuqp="cpf"

*d+ “Control” shall have the meaning set forth under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended.”"

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Ctvkeng"3;04"rtqxkfgs that “Vjg"Dqctf"qh"Fktgevqtu"ujcnn"dg"gpvkvngf"vq"jqnf"kvu"oggvkpi"vjtqwij"xkfgq"eqphgtgpekpi"qt" qvjgt" rgtokvvgf"ogcpu." cpf" kp" eqpfwevkpi" vjg" Dqctf"oggvkpiu" vjtqwij" uwej" xkfgq" eqphgtgpekpi" qt" qvjgt"rgtokvvgf"ogcpu"vjg"rtqegfwtgu"cpf"vjg"rtgecwvkqpu"cu"nckf"fqyp"kp"vjg"tgngxcpv"Twngu"ujcnn"dg"cfjgtgf"vq0"Ykvj"tgictf"vq"gxgt{"oggvkpi"eqpfwevgf"vjtqwij"xkfgq"eqphgtgpekpi"qt"qvjgt"rgtokvvgf"ogcpu."vjg"uejgfwngf"xgpwg"qh"vjg"oggvkpiu"ujcnn"dg"fggogf"vq"dg"kp"Kpfkc."hqt"vjg"rwtrqug"qh"urgekh{kpi"vjg"rnceg"qh"vjg"uckf"oggvkpi"cpf"hqt"cnn"recordings of the proceedings at the meeting.”"

Article 19.4 provides that “The quorum for a meeting of the Board shall be one/vjktf"qh"kvu"vqvcn"uvtgpivj"*cp{"htcevkqp"eqpvckpgf"kp"vjcv"qpg"vjktf"dgkpi"tqwpfgf"qhh"cu"qpg+."qt"vyq"fktgevqtu"yjkejgxgt"ku"jkijgt"cpf"vjg"fktgevqtu"rctvkekrcvkpi"d{"xkfgq"eqphgtgpekpi"qt"d{"qvjgt"rgtokvvgf"ogcpu"ujcnn"cnuq"eqwpvgf"hqt"vjg"rwtrqugu"qh"vjku"Ctvkeng0"Rtqxkfgf"vjcv"yjgtg"cv"cp{"vkog"vjg"pwodgt"qh"kpvgtguvgf"Fktgevqtu"gzeggfu"qt"ku"gswcn"vq"vyq/vjktfu"qh"vjg"vqvcn"uvtgpivj."vjg"pwodgt"qh"vjg"tgockpkpi"Fktgevqtu."vjcv"ku"vq"uc{."vjg"pwodgt"qh"vjg"Fktgevqtu"yjq"ctg"pqv"kpvgtguvgf."being not less than two, shall be the quorum during such time.”"

Article 19.7 provides that “The Chairman may, and mcpcigt"qt"Ugetgvct{"qp"vjg"tgswkukvkqp"qh"c"Fktgevqt"ujcnn."cv"any time, summon a meeting of the Board.”"

Article 19.8 provides that “Questions arising at any meeting of the Directors shall be decided by a majority of xqvgu."cpf"kp"ecug"qh"cp"gswcnkv{"qh"xqtes, the Chairman thereat shall have a second or casting vote.”"

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21.2.1 “The Board of Directors shall not, except with the consent of the Company in General Meeting by way of urgekcn"tguqnwvkqp."dqttqy"oqpg{u"yjgtg"vjg"oqpg{u"vq"dg"dqttqygf"vqigvjgt"ykvj"vjg"oqpg{u"cntgcf{"borrowed by the Company (apart from temporary loans obtained from the Company’s bankers in the qtfkpct{"eqwtug"qh"dwukpguu+"yknn"gzeggf"vjg"ciitgicvg"qh"vjg"rckf/wr"ecrkvcn"qh"vjg"Eqorcp{"cpf"kvu"htgg"tgugtxgu."vjcv"ku"vq"uc{."tgugtxgu"pqv"ugv"crctv"hqt"cp{"urgekhke"rwtrqug0"

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430405 Cp{"dqpfu."fgdgpvwtgu."fgdgpvwtg/uvqem"qt"qvjgt"ugewtkvkgu"kuuwgf"qt"vq"dg"kuuwgf"d{"vjg"Eqorcp{."ujcnn"dg"wpfgt"vjg"Eqpvtqn"qh"vjg"Fktgevqtu"yjq"oc{"kuuwg"vjgo"wrqp"uwej"vgtou"cpf"eqpfkvkqpu"cpf"kp"uwej"manner and for such consideration as they shall consider to be for the benefit of the Company.”"

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Article 22 provides that “Subject to the provisions of Section 62 and other applicable provisiqpu"qh"vjg"Cev"cpf"vjgug"Ctvkengu."vjg"ujctgu"kp"vjg"ecrkvcn"qh"vjg"Eqorcp{"hqt"vjg"vkog"ujcnn"dg"wpfgt"vjg"eqpvtqn"qh"vjg"Dqctf"yjq"oc{"kuuwg."cnnqv"qt"qvjgtykug"fkurqug"qh"vjg"ucog"qt"cp{"qh"vjgo"vq"uwej"Rgtuqpu"kp"uwej"rtqrqtvkqp"cpf"qp"uwej"vgtou"cpf"eqpfkvkqpu"cpf"gkvjgt"cv"c"rtgokwo"qt"cv"rct"qt"cv"c"fkueqwpv"*uwdlgev"vq"vjg"eqornkcpeg"ykvj"vjg"rtqxkukqp"qh"Ugevkqp"75"qh" vjg"Cev+" cpf"cv" uwej" vkog"cu" vjg{"oc{." htqo" vkog" vq" vkog." vjkpm" hkv" cpf"ykvj" ucpevkqp"qh" vjg"Eqorcp{"kp"vjg"Igpgtcn"Oggvkpi"vq"ikxg"vq"cp{"rgtuqp"qt"rgtuqpu"vjg"qrvkqp"qt"tkijv"vq"ecnn"hqt"cp{"Ujctgu"gkvjgt"cv"rct"qt"rtgokwo"fwtkpi"uwej"vkog"cpf"hqt"uwej"eqpukfgtcvkqp"cu"vjg"Fktgevqtu"vjkpm"hkv."cpf"oc{"kuuwg"cpf"cnnqv"ujctgu"kp"vjg"ecrkvcn"qh"vjg"Eqorcp{"qp"rc{ogpv"kp"hwnn"qt"rctv"qh" cp{"rtqrgtv{"uqnf"cpf"vtcpuhgttgf"qt"hqt"cp{"ugtxkegu"tgpfgtgf"vq"vjg"Eqorcp{"kp"vjg"eqpfwev"qh"kvu"dwukpguu"cpf"cp{"Ujctgu"yjkej"oc{"dg"uq"cnnqvvgf"oc{"dg"kuuwgf"cu"hwnn{"rckf"wr"Ujctgu"cpf"ku"uq"kuuwgf."ujcnn"dg"fggogf"vq"dg"hwnn{"rckf"wr"ujctgu0"Rtqxkfgf"vjcv"qrvkqp"qt"tkijv"vq"ecnn"ujctgu"ujcnn"pqv"dg"ikxgp"vq"cp{"rgtuqp"qt"rgtuqpu"ykvjqwv"vjg"ucpevkqp"qh"vjg"Eqorcp{"kp"vjg"Igpgtcn"Meeting.”"

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480305 Vjg"Eqorcp{"oc{"vcmg"cpf"ockpvckp"cp{"kpuwtcpeg"cu"vjg"Dqctf"oc{"vjkpm"hkv"qp"dgjcnh"qh"kvu"fktgevqtu"*rtgugpv"cpf"hqtogt+."qvjgt"gornq{ggu"cpf"vjg"Mg{"Ocpcigtkcn"Rgtuqppgn."hqt"kpuwtgtu"vq"fktgevn{"oggv"cnn"enckou."nquugu."gzrgpugu."hkpgu."rgpcnvkgu"qt"uwej"qvjgt"ngxkgu."qt"hqt"kpfgopkh{kpi"cp{"qt"cnn"qh"vjgo"cickpuv"cp{"uwej"nkcdknity for any acts in relation to the Company for which they may be liable.”"

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Article 28 provides that “If upon the winding/wr"qh"vjg"Eqorcp{."vjg"uwtrnwu"cuugvu"ujcnn"dg"oqtg"vjcp"uwhhkekgpv"vq"tgrc{"vjg"yjqng"qh"vjg"rckf/wr"ecrkvcn."vjg"gzeguu"ujcnn"dg"fkuvtkdwvgf"coqpiuv"vjg"ogodgtu"kp"rtqrqtvkqp"vq"vjg"ecrkvcn"rckf"qt"yjkej"qwijv"vq"jcxg"dggp"rckf/wr"qp"vjg"ujctgu"cv"vjg"eqoogpegogpv"qh"vjg"ykpfkpi/wr"jgnf"d{"vjgo"tgurgevkxgn{."qvjgt"vjcp"vjg"coqwpvu"rckf"kp"cfxcpeg"qh"ecnnu0"Kh"vjg"uwtrnwu"cuugvu"ujcnn"dg"kpuwhhkekgpv"vq"tgrc{"vjg"yjqng"qh" vjg"rckf/wr"ecrkvcn."uwej"uwtrnwu"cuugvu"ujcnn"dg"fkuvtkdwvgf"uq"vjcv"cu"pgctn{"cu"oc{"dg"vjg"nquugu"ujcnn"dg"dqtpg"d{"vjg"ogodgtu"kp"rtqrqtvkqp"vq"vjg"ecrkvcn"rckf/wr"qt"yjkej"qwijv"vq"jcxg"dggp"rckf/wr"cv"vjg"eqoogpegogpv"qh"vjg"ykpfkpi/wr"qp"vjg"ujctgu"jgnf"d{"vjgo"tgurgevkxgn{."qvjgt"vjcp"vjg"coqwpvu"rckf"d{"vjgo"kp"cfxcpeg"qh"ecnnu0"Dwv"vjku"Ctvkeng"ku"ykvjqwv"rtglwfkeg"vq"vjg"tkijvu"qh"vjg"jqnfgtu"qh"cp{"ujctgu"kuuwgf"wrqp"urgekcn" vgtou"cpf"eqpfkvkqpu"cpf"ujcnn"pqv"dg"eqpuvtwgf"uq"cu"vq"qt"dg"fggogf"vq"eqphgt"wrqp"vjgo"cp{"tkijvu"greater than those conferred by the terms and conditions of issue.”"

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"Rctv"D"qh"vjg"Ctvkengu"qh"Cuuqekcvkqp"rtqxkfg"hqt."coqpi"qvjgt"vjkpiu."vjg"tkijvu"qh"ujctgjqnfgtu"rwtuwcpv"vq"vjg"shareholders’ agreements executed with certain shareholders of our Company. For more details on the shareholders’ agreements, see “Jkuvqt{"cpf"Egtvckp"Eqtrqtcvg"Ocvvgtu"–"Ocvgtkcn"Citggogpvu” on page 3530"" "

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