Scrutinizer''s Report with respect to Corrigendum issued on May 09, 2025

The company is filing a Scrutinizer's Report related to a Corrigendum dated May 9, 2025, issued after the EGM held on January 8, 2025. At the original EGM, all 5 resolutions passed with near-unanimous support (99.9999% in favor), covering an increase in authorized share capital, issue of 51,28,105 share warrants to the promoter group, issue of 1,53,85,000 equity shares to non-promoters on a preferential basis, and appointment of two non-executive independent directors (Mr. Cavale Narayanarao Raghupathi and Mr. Himadri Bhattacharya). The Corrigendum was needed because two proposed non-promoter allottees, Jenisha Jayesh Mehta and Foraum Savla, sold their existing shares before the relevant date and were disqualified under SEBI (ICDR) Regulation 159. As a result, the non-promoter preferential equity issue size was reduced from 1,53,85,000 to 1,50,14,000 shares at a price not exceeding Rs. 78 per share (including Rs. 77 premium), aggregating to about Rs. 117.11 crore. The Corrigendum was approved by members via remote e-voting from May 11-12, 2025 (3 members voted: 75% in favor, 25% against; no queries received). The Corrigendum does not alter the original January 9, 2025 voting results.