Inter-se Transfer of Securities

Shares held by the person other than the promoters, prior to the initial public offering which are locked-in, may be transferred to any other person holding shares which are locked-in subject to continuation of lock-in in the hands of the transferred for the remaining period and the compliance of the Substantial Acquisition of Shares and Takeover Regulations as applicable.

Shares held by protestants which are locked-in may be transferred to and among promoter/ promoter group or to a new promoter or persons in control of the company, subject to continuation of lock-in in the hands of the transference for the remaining period and compliance of the SEBI’s Substantial Acquisition of Shares and Takeover Regulations as applicable.

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