Vikas EcoTech Limited — Capital/Financing Update 2022

Feb 9, 2022

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February 9, 2022

Listing Department Deptt of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza Phirozee Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai 400 051 Mumbai 400 001 NSE Symbol: VIKASECO Scrip Code: 530961

Dear Sir/Madam,

Sub: First and Final Call Money Notice

This has reference to our letter dated January 17, 2022, wherein we had informed that the Board of Directors of the Company, at its meeting held earlier on the same day, had decided to make the First and Final Call of ₹0.80/- (comprising ₹0.50 towards face value and ₹0.30 towards securities premium) per partly paid-up equity share (“First and Final Call”), in respect of 30,90,09,241 outstanding partly paid-up equity shares of face value ₹1 each, issued by the Company, on a rights basis, pursuant to the Letter of Offer dated November 20, 2021.

In this connection, we wish to inform that the Notice of the First and Final Call (“First and Final Call Money Notice”) has been dispatched by e-mail on Monday, February 7, 2022 to all the holders of the partly paid-up equity shares of the Company as on the record date i.e. February 4, 2022. Those holders, whose email is not registered, also dispatched on Tuesday, February 8, 2022.

A specimen copy of the First and Final Call Money Notice is enclosed herewith for you reference.

The same is also being made available on the website of the Company at www.vikasecotech.com.

This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

You are requested to take the information on record and oblige.

Thanking you,

Yours Faithfully, for Vikas Ecotech Limited

SAJWANI Digitally signed by SAJWANI PRASHANT PRASHANT

Prashant Sajwani Company Secretary

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VIKAS ECOTECH LIMITED

Registered Office : 34/1, Vikas Apartment, East Punjabi Bagh, New Delhi-110026, India Contact Person: Mr. Prashant Sajwani, Company Secretary and Compliance Officer Telephone: 011-43144444; Website: www.vikasecotech.com; E-mail : cs@vikasecotech.com;

Corporate Identity Number: L65999DL1984PLC019465

FIRST AND FINAL CALL MONEY (“CALL MONEY”) NOTICE TO THE HOLDERS OF PARTLY PAID-UP EQUITY SHARES OF VIKAS ECOTECH LIMITED HELD AS ON THE RECORD DATE I.E. FEBRUARY 4, 2022

Date: February 7, 2022

FOR PAYMENT THROUGH CHEQUE / DD

Last date of Payment: Thursday, February 24, 2022

CHEQUE/DEMAND DRAFT SHOULD BE MADE PAYABLE TO “ Vikas Ecotech Limited Call Money- Escrow collection - R a/c and Vikas Ecotech Limited Call Money- Escrow collection - NR a/c” IN CASE OF RESIDENT SHAREHOLDERS AND NON-RESIDENT SHAREHOLDERS. (PLEASE REFER TO GENERAL INSTRUCTIONS 1 & 2 at page 3 of this Notice.)

PAYMENT FOR FINAL CALL MONEY WILL BE ACCEPTED BY ICICI BANK LTD AT THEIR DESIGNATED BRANCHES (PLEASE REFER TO point number 10 of the GENERAL INSTRUCTIONS at page 4 of this Notice.)

FOR PAYMENT UNDER ADDITIONAL PAYMENT MECHANISM INCLUDING APPLICATION SUPPORTED BY BLOCKED AMOUNT (ASBA) pursuant to SEBI Circular bearing number SEBI/HO/CFD/DIL1/CIR/238/2020 dated December 08, 2020:

Last date for payment under Additional Payment Mechanism including for ASBA Application: Thursday, February 24, 2022

In addition to the payment mechanisms provided above, pursuant to the SEBI Circular bearing number SEBI/HO/CFD/DIL1/CIR/238/2020 dated December 08, 2020, Eligible Shareholders may also make the payment for the First and Final Call Money through Additional Payment Mechanism including ASBA. The necessary guidance about the use of Additional Payment Mechanism including ASBA while making payment of final call money is given under the heading titled “General Instructions for Additional Payment Mechanism (i.e. ASBA etc.)” at page 5 of this Notice.

Dear Sir/ Madam,

REF.: ISSUE OF 30,90,09,241 PARTLY PAID UP EQUITY SHARES OF FACE VALUE OF RE. 1 EACH OF VIKAS ECOTECH LIMITED (THE“COMPANY”) FOR CASH AT A PRICE OF RS. 1.60 (INCLUDING A PREMIUM OF RE. 0.60) PER EQUITY SHARE (“RIGHTS EQUITY SHARES”) FOR AN AMOUNT AGGREGATING UPTO RS. 4,944 LAKHS ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF THE COMPANY IN THE RATIO OF 12 RIGHTS EQUITY SHARES FOR EVERY 25 FULLY PAID-UP EQUITY SHARES HELD BY SUCH ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS ON NOVEMBER 25, 2021 (THE “RIGHTS ISSUE”).

SUB.:

CALL NOTICE IN TERMS OF SECTION 49 OF THE COMPANIES ACT, 2013, AS AMENDED FOR FIRST AND FINAL CALL MONEY (HEREINAFTER REFERRED TO AS “FIRST AND FINAL CALL MONEY”) OF RE.0.80 (CONSISTING OF RE. 0.50 TOWARDS FACE VALUE AND RE. 0.30 TOWARDS SECURITIES PREMIUM) PER SHARE ON PARTLY PAID-UP EQUITY SHARES ALLOTTED PURSUANT TO THE RIGHTS ISSUE ON DECEMBER 29, 2021.

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ACKNOWLEDGEMENT SLIP FIRST AND FINAL CALL MONEY

Received by cheque/ DD no. dated for R s . drawn on (name of bank & branch) being the payment towards First and Final Call Money for the above Rights Equity Shares. (Details to be filled by the shareholder) Name of the First/Sole Shareholder:

Folio no./ DP ID/Client ID: No. of Rights Equity Shares: Final Call notice no.:

Collecting Bank’s Signature and Stamp

Date:

Note: Cheque subject to realisation

Date:

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This First and Final Call Notice has been divided into two parts, in the first part, the payment method and information relating to deposit of Cheque / demand draft in the designated branches of ICICI BANK Limited has been mentioned. Securities and Exchange Board of India (“SEBI”) vide its Circular bearing number SEBI/HO/CFD/DIL1/CIR/238/2020 dated December 08, 2020 has introduced additional payment mechanism (i.e. ASBA, etc) for making subscription and/or payment of calls in respect of partly paid up securities, wherein the payment period opens on Thursday, February 10, 2022. Therefore, in addition to the above-mentioned payment mechanism, Eligible Shareholders may make payment towards the pending call money through Additional Payment Mechanism including ASBA. The second part of the Notice contains the necessary guidance and instructions with respect to Additional Payment Mechanism including ASBA under the heading “Additional Payment Mechanism (i.e. ASBA etc.) for payment of First and Final Call Money”. Out of the total 30,90,09,241 Partly paid-up Rights Equity Shares issued by the Company pursuant to this Rights Issue, it has received the Application money towards 30,90,09,241 Partly paid up Rights Equity Shares at a price of Re. 0.80 (including a premium of Re. 0.30) per equity share. As of date of this Notice, these Rights Equity Shares have been listed on the Stock Exchanges. The Company vide this Notice dated February 7, 2022 reminders to the partly paid up Equity Shareholders demanding the first and final call money.

In terms of the letter of offer dated November 20, 2021 (“ Letter of Offer ”) filed with BSE Limited and National Stock Exchange of India Limited, (NSE together with BSE hereinafter referred to as the “ Stock Exchanges ”) for the purposes of listing the Rights Equity Shares of our Company issued pursuant to the Rights Issue. The Rights Equity Shares paid up to the extent of the amount payable at the time of Application, i.e. Re. 0.80 (consisting of Re. 0.50 towards face value and Re. 0.30 towards securities premium) per Rights Equity Share were allotted on December 29, 2021.

In order to make the Rights Equity Shares fully paid up, the Board of Directors in their meeting held on January 17, 2022 has decided to make First and Final call of Re. 0.80 (consisting of Re. 0.50 towards face value and Re. 0.30 towards securities premium) per Rights Equity Shares issued and allotted pursuant to the Rights Issue of the Company.

The Board of Directors of the Company has fixed Friday, February 4, 2022 as the record date for the purpose of ascertaining the holders of Rights Equity Shares to whom the Call Money Notice (“ Record Date ”), for payment of the First and Final Call Money, would be sent. The Company has also given prior notice of the Record Date to the Stock Exchanges as required. Accordingly, the Call Money Notice is hereby given to you to pay the First and Final Call money as per details given herein below.

Payment of the First and Final Call Money can be sent through cheque/ demand draft payable at par at New Delhi in favor of “Vikas Ecotech Limited Call Money- Escrow collection - R a/c” in case of resident shareholders or non-resident shareholders applying on repatriable basis or non-repatriable basis from Thursday, February 10, 2022 to Thursday, February 24, 2022 (both days inclusive) as per the details mentioned below:

For the Eligible Shareholders who have paid the Subscription money due towards their Rights Equity Shares, they shall make the payment in the following manner:

First and Final Call Notice Number	Folio Number/ DP Id & Client Id	No. of Rights Equity Shares held as on Record Date	Amount due and payable (Rs.) First and Final Call @ Re. 0.80 per Rights Equity Share

You are requested to pay the First and Final Call money on or before Thursday, February 24, 2022 (“ Final Due Date ”) failing which the application money paid by you in relation to the Rights Equity Shares may be forfeited at any time after the expiry of the Final Due Date. Further, in accordance with the disclosure included in the Letter of Offer dated November 20, 2021, the Rights Equity Shares in respect of which the sum payable in respect of any call remains unpaid, shall be forfeited by the Company at any time after the due date for payment of such call money, after giving prior notice of at least 14 days. Additionally, as per the provisions of the Articles of Association of the Company, you would also not be able to exercise voting rights in respect of the partly paid Equity Shares on which the amount payable by you with respect to the call due has not been paid by the Final Due Date.

Please note that the payment by Cheque or Demand Draft for the Final Call will be accepted by ICICI BANK Ltd at their designated branches in the manner provided in the General Instructions at page 3 of this Notice, from Thursday, February 10, 2022 to Thursday, February 24, 2022. The Final Call money will not be accepted by any of the designated branches of ICICI BANK Ltd after Thursday, February 24, 2022. Failure to pay the Final call money as aforesaid shall render the Partly paid Rights Equity shares, including the amount already paid thereon, liable to be forfeited.

All capitalized terms not defined herein would have the same meaning as attributed to them in the Letter of Offer.

Please read carefully the instructions overleaf.

Yours Sincerely,

For VIKAS ECOTECH LIMITED

Prashant Sajwani

Company Secretary and Compliance Officer

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ANNEXURE I

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VIKAS ECOTECH LIMITED

Registered Office : 34/1, Vikas Apartment, East Punjabi Bagh, New Delhi-110026, India

Contact Person: Mr. Prashant Sajwani, Company Secretary and Compliance Officer Telephone: 011-43144444; Website: www.vikasecotech.com; E-mail : cs@vikasecotech.com; Corporate Identity Number: L65999DL1984PLC019465

Date:

Name of First/Sole Shareholder:

Final call Money Notice Number	Folio Number/DP ID & Client ID	No. of Rights Equity Shares held as on Record Date	No. of Rights Equity Shares held as on Record Date	No. of Rights Equity Shares held as on Record Date	PAN	PAN	Amount due and payable First and Final Call @ Re. 0.80 per Right Equity Share	Amount due and payable First and Final Call @ Re. 0.80 per Right Equity Share
Payment details (to be filled in by the shareholder)
Final Call Money Due (**)**|**Cheque/Demand Draft**<br>**Amount (**)		Cheque/ Demand Draft No.	Drawn On (Bank & Branch)		Date of Payment		Bank Serial No. (To be filled by the Bank)

GENERAL INSTRUCTIONS FOR PAYMENT THROUGH CHEQUE / DD IN ICICI BANK LIMITED

1. Shareholders are requested to send cheque/demand draft along with each Final Call money notice. Cheque/demand draft should be made payable to “Vikas Ecotech Limited Call Money- Escrow collection - R a/c ” in case of resident shareholders or non- resident shareholders applying on repatriable basis or non-repatriable basis payable at New Delhi and crossed “Account Payee Only”. Further please mention Final Call notice no., folio no./ DP ID no./ client ID no./ no. of Rights Equity Shares at the back of the cheque/ demand draft. Cash payment shall not be accepted.

2. Shareholders who are unable to deposit the Final Call money to ICICI Bank branches may send their money along with the duly completed acknowledgement slip by registered post/speed post to (1) Company’s Registrar i.e. Bigshare Services Pvt. Ltd, 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East),Mumbai, Maharashtra,400059, India; or (2) addressing to Company’s Secretarial Department sitting at the Registered Office of the Company at Vikas Ecotech Limited, 34/1,Vikas Apartment, East Punjabi Bagh, New Delhi-110026, India, quoting full name of the sole/first joint applicant, Final Call notice no., folio no./ DP ID no./ client ID no./ no. of Rights Equity Shares at the back of the cheque/ demand draft so that the same are received on or before last date of payment of Final Call money i.e. Thursday, February 24, 2022. The Company or its Registrar will not be liable for any delayed receipt, and reserves the right to reject such delayed receipts.

3. Non-payment of the Final Call money within the Final Due Date will make the Rights Equity Shares liable for forfeiture, including the amount paid thereon, in terms of the provisions of the Articles of Association of the Company and the Letter of Offer dated November 20, 2021.

4. Cheque/ demand draft should be drawn on any bank branch specified in this Final Call money notice. Outstation cheques/bank drafts, cash, money orders and postal orders will not be accepted. No post-dated cheque will be accepted and shall be liable to be rejected.

5. Final Call money notice accepted by the bank is not a final confirmation of the Final Call money acceptance as the same will be subject to checking at the bank and Company.

6. The Final Call money due on the number of Rights Equity Shares held by the investors needs to be paid in full. Investors may please note that no part payment would be accepted and part payment would be treated as non- payment of Final Call money which shall render the Partly paid Rights Equity shares, including the amount already paid thereon, liable to be forfeited.

7. The shareholders may note that the Partly Paid-up Rights Equity Shares of the Company which are listed on BSE Limited and National Stock Exchange of India Limited are suspended from trading with effect from Thursday, February 3, 2022.

8. On payment of the Final Call money in respect of the Rights Equity Shares, the partly paid up Equity Shares shall be converted into Fully paid-up Equity Shares and would be credited to the existing ISIN No. IN9806A01010 of Fully paid-up Equity Shares.

9. The process of corporate action for converting the partly paid Equity Shares to the Fully paid up Equity Shares to the Investors’ demat accounts under such fully paid-up ISIN No. is estimated to be completed within two to three weeks from the last date of payment of the Final Call money stipulated under this notice. However, this is subject to the availing necessary approvals from the Stock Exchanges, Depositories etc.

In case of non-receipt of the Call notice, shareholders can request by email or letter, for the duplicate Call money notice to the Registrars to the Rights Issue, Bigshare Services Pvt. Ltd, at 1st floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai- 400 059, Maharashtra, India or may also download from the website . In such a case, however, the shareholder has to fill the Application No., folio no. / DP & client ID, No. of Rights Equity Shares held, amount payable towards the Final Call money and other details which is require to be fill-up in the Form.

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The shareholder must mention his/her permanent account number (“ PAN ”) allotted under the Income Tax Act, 1961.

All correspondence in this regard may be addressed to Registrar to the Issue:

Bigshare Services Pvt. Ltd

1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai, Maharashtra-400059, India; Telephone : +91 22 6263 8200; Facsimile : +91 22 6263 8299 E-mail : rightsissue@bigshareonline.com; Investor grievance email : investor@bigshareonline.com; Contact Person : Arvind Tandel; Website : www.bigshareonline.com; SEBI Registration No. : INR000001385

10. COLLECTION BANK BRANCHES FOR RESIDENT AND NON-RESIDENT APPLICANTS :

City/Location	Complete Address
MUMBAI	ICICI Bank Ltd., 1st floor, 122, Mistry Bhavan,Dinshaw Vachha Road, Backbay Reclamation,Churchgate, Mumbai - 400021. Tel.:022-66818802/800/801
DELHI	ICICI Bank Ltd, 9A, Phelps Building, Connaught Place, New Delhi - 110001. Tel.: 9650963403/ 11- 42499767
AHMEDABAD	ICICI Bank Ltd, Jmc House, Opp. Parimal Gardens, Off C.G.Road Ambawadi, Ahmedabad - 380006. Tel.: 79-66523716/79-66523733
BANGALORE	ICICI Bank Ltd, 1, Shobha Pearl, Commissariat Road, Off M G Road, Ground Floor, Bangalore - 560025. Tel.:80-65302651/ 88-61301834
PUNE	ICICI Bank Ltd, A Wing Shangrila Gardens Bund Garden Road Pune - 411001. Tel.: 20-32396187/ 20- 66406823
CHENNAI	ICICI Bank Ltd, 110, Prakash Presidium, Utthamar Gandhi Salai, Nungambakkam High Road, Chennai - 600034. Tel.: 42104272/9962924929
SURAT	ICICI Bank Ltd, Platinum Plaza, Opp. V.T. Choksi Law College, Athwalines, Surat - 395007. Tel.: 261- 4001990 /261-4004488
KOLKATA	ICICI Bank Ltd,22, Sir R.N. MukherjeeRoad,Kolkata- 700001. Tel.:33-44098213/ 9163392824
HYDERABAD	ICICI Bank Ltd, 6-2-1012, Tgv Mansions, Opp. Institution Of Engineers, Khairatabad, Hyderabad - 500004. Tel.:8978889588/40-24745920
RAJKOT	ICICI Bank Ltd, Jai Hind Press Annexe, Opp. Shardabaug, Near Dharam Cinema, Rajkot - 360001. Tel.: 281-2572849 /281-6459808
JAIPUR	ICICI Bank Ltd, C99, shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, Jaipur - 302001. Tel.: 294-5156101/141-4079060
VADODARA	ICICI Bank Ltd, 42, Haribhakti Society, Nr. Chakli Circle, O.P. Road, Vadodara - 390007. Tel.: 265- 6722107/265-6722106
GHAZIABAD	ICICI Bank Ltd,R1/88,RajNagar, Ghaziabad, Uttar Pradesh - 201001. Tel.: 120-4344643/120- 4558973
NASHIK	ICICI Bank Ltd, Unit NoG19, Utility Center,Opp To Rajiv Gandhi Bhavan, Sharanpur Road, Nasik - 422002. Tel.: 253-6605191/ 9766539813
LUCKNOW	ICICI Bank Ltd, Shalimar Tower, 31/54 M.G.Marg, Hazratganj, Lucknow - 226001 . Tel.: 522-6670118/ 522-6670160.
BHAVNAGAR	ICICI Bank Ltd, Plot No. 2569, Ground Floor, Ratnadeep Complex, Opp. Central Salt Research Institute, Waghawadi Road,BhavnagarGujarat-364002. Tel.: 2764-222110/ 2838-651992
INDORE	ICICI Bank Ltd,4,Chhoti Khajrani,Malav Parisar,Indore- 452008. Tel.: 731-2340050/7225015415
RANCHI	ICICI Bank Ltd, Main Road, Near Rattanlal Petrol Pump, Ranchi, Jharkhand- 834001. Tel.: 9204-795290/ 651-6660527
VIJAYAWADA	ICICI Bank Ltd, #401127,128 129, Murali Chambers, M.G.Road, Vijayawada- 520010, Tel.: 9908734739 / 866-6677002
COIMBATORE	ICICI Bank Ltd, Cheran Plaza,No.1090TrichyRoad-641018. Tel.: 422-4506750/422-4506759
KOLHAPUR	ICICI Bank Ltd, Vasant Plaza, Near Udyog Bhavan, Rajaram Road, Rajarampuri, Kolhapur - 416001. Tel.: 2162-235648/231-6454118
KANPUR	ICICI Bank Ltd, 16/106, J.S.Towers, The Mall, Kanpur, Uttar Pradesh - 208001. Tel.: 7518024986 / 512- 6689810

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ANNEXURE II

ADDITIONAL PAYMENT MECHANISM (I.E. ASBA ETC.) FOR PAYMENT OF FIRST AND FINAL CALL MONEY:

SEBI vide its Circular bearing number SEBI/HO/CFD/DIL1/CIR/238/2020 dated December 08, 2020 has introduced additional payment mechanism (i.e. ASBA, etc) for making subscription and/or payment of calls in respect of partly paid up securities, wherein the payment period opens on or after January 01, 2021. Therefore, in addition to the above-mentioned payment mechanism, Eligible Shareholders may make payment towards the pending call money through Additional Payment Mechanism including ASBA. For details with respect to the modes of utilizing the additional ASBA payment mechanism, please refer to the heading “ GENERAL INSTRUCTIONS FOR ADDITIONAL PAYMENT MECHANISM (I.E. ASBA ETC.) ” at page 7 of this Notice.

The Eligible Rights Equity Shareholders who desire to make payment towards the balance call money through the Additional payment mechanism other than through deposit of Cheque / Demand draft as mentioned in the First Part of this Notice, have to fill in the Form by providing the relevant details and submitting the same on an online portal of the SCSB or by physically submitting the Form at the nearest branch of the SCSBs. The payment can also be made through the 3-in-1 broker account. For details with respect to the branches of the SCSB, please refer to the heading “ GENERAL INSTRUCTIONS FOR ADDITIONAL PAYMENT MECHANISM (I.E. ASBA ETC.) ” at page 7 of this Notice.

1. NAME AND CONTACT DETAILS OF SHAREHOLDER:

2.	Sole/First Applicant
	Second Applicant
	Third Applicant
	Indian Address
	Email
	Tele / Mobile No.
	PERMENANT ACCOUNT NUMBER (PAN)
	Sole/First Applicant
	Second Applicant
	Third Applicant

Non-Resident

Note: Non-resident shareholders applying on non-repatriation basis should select “Resident”.

3. DEPOSITORY ACCOUNT DETAILS : please provide your DP ID and Client ID (Please tick ` for NSDL or CDSL) :  NSDL  CDSL For NSDL enter 8 digit DP ID followed by 8 digit Client ID / For CDSL enter 16 digit Client ID

Note: Credit of fully paid-up Rights Equity Shares shall be made in dematerialized form only.

5. APPLICATION DETAILS [Block I]

First and Final Call Money Notice Number	Folio Number/ DP ID & Client ID	No. of Rights Equity Shares held as on Record Date	Amount due and payable (Rs.) First and Final Call @ Re. 0.80 per Rights Equity Share
Rights Equity Shares for which amount to be blocked [Block II]
Total Amount Payable (in Figures) (refer Block I)||**(**in Words)(refer Block I)

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VIKAS ECOTECH LIMITED – RIGHTS ISSUE FIRST AND FINAL CALL MONEY

ACKNOWLEDGEMENT SLIP FOR APPLICANT / SHAREHOLDER

Received from																			First and Final Call Notice Number	First and Final Call Notice Number
PAN
DP ID and Client ID																			Collecting SCSB’S Sign & Seal
Amount blocked (` in figures)						Bank & Branch
ASBA A/c No.																			Date
Tel. / Mobile No.											Email id:

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6. PAYMENT DETAILS [IN CAPITAL LETTERS] [to be mentioned as per Block II]

Amount Blocked (in Figures) **(** in Words) ASBA Bank A/c No.

Name of ASBA Bank Account Holder:

SCSB Name and Address:

I/We authorise the SCSB to block the amount specified above as part of the ASBA process. I/ We confirm that I/ we are making the payment towards my/our First and Final Call Money through my/ our bank account only and not using any third party bank account for making such payment. Further, I/we confirm that the ASBA Account is held in my/our own name.

SIGNATURE OF ASBA BANK ACCOUNT HOLDER

Sole/First Account Holder Second Joint Account Holder Third Joint Account Holder

Note: Signature(s) as per the specimen recorded with the SCSB. In case of joint shareholders, all the joint shareholders must sign in the same sequence as per specimen recorded with the SCSB.

7. SIGNATURE OF APPLICANT(S) / SHAREHOLDER(S)

I/We hereby confirm that I/We have read, understood and accept the terms and conditions of this Application Form, Letter of Offer dated November 20, 2021 and any addenda thereto. I/We hereby confirm that I/We have read the Instructions for payment of First and Final Call Money on my shares.

Sole/First Applicant Second Joint Applicant Third Joint Applicant

Note: Signature(s) as per the specimen recorded with the Depository. In case of joint shareholders, all the joint shareholders must sign in the same sequence as per specimen recorded with the Depository.

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GENERAL INSTRUCTIONS FOR ADDITIONAL PAYMENT MECHANISM (I.E. ASBA ETC.)

1. SEBI vide Circular No. SEBI/HO/CFD/DIL1/CIR/238/2020 dated December 08, 2020 has introduced additional payment mechanism for payment of balance money in calls in respect of partly paid-up specified securities issued by a listed entity.

2. The additional payment mechanism introduced for making subscription and/or payment of calls in respect of partly paid equity shares include payment through SCSBs and intermediaries such as Trading Members/ Brokers - having three in one type account. The Additional Channels in details have been tabulated below as per the SEBI Circular for reference purposes:

Channels in details have been tabulated below as per the SEBI Circular for reference purposes:	Channels in details have been tabulated below as per the SEBI Circular for reference purposes:	Channels in details have been tabulated below as per the SEBI Circular for reference purposes:
Additional Channels for making subscription and/or paying call money
Channel I	Channel II	Channel III
Online ASBA: Through an online portal of the SCSB. The existing process of making payments through ASBA as disclosed in the chapter titled “Terms of the Issue” at page 156 of the Letter of Offer dated Nov 20, 2021 shall continue. The SCSBs shall send the application to RTA and block funds in shareholders account.	Physical ASBA: Payment can be made by visiting the office/branch of the SCSBs and physically submitting the form and the payment for the balance calls with any of the Designated Intermediaries, along with details of his/her ASBA Account for blocking of funds. The SCSBs shall send the application to RTA and block funds in shareholders account.	Additional Online mode: payment can be made using the facility of linked online trading, demat and bank account (3-in-1 type accounts) provided by Registered Brokers.

3. Applications should be submitted to the Designated Branch of the SCSB or online/electronic Application through the website of the SCSBs (if made available by such SCSB) for authorizing such SCSB to block Application Money payable on the Application in their respective ASBA Accounts. The designated branches shall be fully responsible for reporting of the ASBA Application and ensuring that the fund is blocked in the respective investors account.

4. In case of Application through ASBA facility, all payments will be made only by blocking the amount in the ASBA Account. Cash payment or payment by cheque or demand draft or pay order or NEFT or RTGS or through any other mode is not acceptable.

5. For physical Applications through ASBA at Designated Branches of SCSB, signatures should be either in English or Hindi or in any other language specified in the Eighth Schedule to the Constitution of India. Signatures other than in English or Hindi and thumb impression must be attested by a Notary Public or a Special Executive Magistrate under his/her official seal. The Investors must sign the Application as per the specimen signature recorded the SCSB. In case of joint holders and physical Applications through ASBA process, all joint holders must sign the relevant part of the Application Form in the same order and as per the specimen signature(s) the SCSB. In case of joint Applicants, reference, if any, will be made in the first Applicant’s name and all communication will be addressed to the first Applicant.

6. The Application Form can be used by the partly paid-up Equity Shareholders who have to pay the First and Final Call Money through Additional channels for making call money payment..

7. Please note that Applications without depository account details shall be treated as incomplete and shall be rejected.

8. The last date for submission of the duly filled in the Application Form is Thursday, February 24, 2022, i.e., Last date for payment of First and Final Call Money. Our Board or any committee thereof may extend the said date for such period as it may determine from time to time.

9. The list of banks who have registered with SEBI to act as SCSBs for the ASBA Process is https://www.sebi.gov.in/sebiweb/other/OtherAction. do?doRecognisedFpi=yes&intmId=34. For this Issue, following banks would be acting as SCSB: 1. Allahabad Bank 2. Andhra Bank 3. Axis Bank Ltd 4. Bank of Baroda 5. Bank of India 6. Bank of Maharashtra 7. Barclays Bank PLC 8. BNP Paribas 9. Canara Bank 10. Catholic Syrian Bank Limited 11. Central Bank of India 12. CITI Bank 13. City Union Bank Ltd. 14. Corporation Bank 15. DBS Bank Ltd. 16. Dena Bank 17. Deutsche Bank 18. Dhanlaxmi Bank Limited 19. HDFC Bank Ltd. 20. HSBC Ltd. 21. ICICI Bank Ltd 22. IDBI Bank Ltd. 23. Indian Bank 24. Indian Overseas Bank 25. IndusInd Bank 26. J P Morgan Chase Bank, N.A. 27. Janata Sahakari Bank Ltd. 28. Karnataka Bank Ltd. 29. Karur Vysya Bank Ltd. 30. Kotak Mahindra Bank Ltd. 31. Mehsana Urban Co-operative Bank Limited 32. Nutan Nagarik Sahakari Bank Ltd. 33. Oriental Bank of Commerce 34. Punjab & Sind Bank 35. Punjab National Bank 36. Rajkot Nagarik Sahakari Bank Ltd 37. RBL Bank Limited 38. South Indian Bank 39. Standard Chartered Bank 40. State Bank of India 41. SVC Co-operative Bank Ltd. 42. Syndicate Bank 43. Tamilnad Mercantile Bank Ltd. 44. The Ahmedabad Mercantile Co-Op. Bank Ltd. 45. The Federal Bank 46. The Jammu & Kashmir Bank Limited. 47. The Kalupur Commercial Cooperative Bank Ltd. 48. The Lakshmi Vilas Bank Ltd. 49. The Saraswat Co-Opearative Bank Ltd 50. The Surat Peoples Co-op Bank Ltd 51. TJSB Sahakari Bank Ltd 52. UCO Bank 53. Union Bank of India 54. United Bank of India 55. Vijaya Bank 56. YES Bank Ltd 57. DCB Bank 58. Bandhan Bank 59. GP Parsik Sahakari Bank Limited 60. AU Small Finance Bank.

10. General instructions for Investors

• a) Please read the instructions on the Application Form sent to you.

• b) Application should be made only when payment is being made through the ASBA facility.

• c) Application should be complete in all respects. The Application Form found incomplete with regard to any of the particulars required to be given therein is liable to be rejected.

• d) An Investor, wishing to participate in this Issue through the ASBA facility, is required to have an ASBA enabled bank account with an SCSB, prior to making the Application.

• e) Applications should be (i) submitted to the Designated Branch of the SCSB or made online/electronic through the website of the SCSBs (if made available by such SCSB) for authorising such SCSB to block First and Final Call Money payable on the Application in their respective ASBA Accounts, or (ii) by physically delivering the application to the nearest branch of SCSB. Applications through ASBA process will be uploaded until 5.00 p.m. (Indian Standard Time) or such extended time as permitted by the Stock Exchanges.

• f) Applications should not be submitted to the Bankers to the Issue or Escrow Collection Bank (assuming that such Escrow Collection Bank is not an SCSB), our Company or the Registrar and the Lead Manager.

• g) In case of Application through ASBA facility, Investors are required to provide necessary details, including details of the ASBA Account, authorization to the SCSB to block an amount equal to the First and Final Call Money in the ASBA Account mentioned in the Application

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Form.

• h) All Applicants, and in the case of Application in joint names, each of the joint Applicants, should mention their PAN allotted under the Income-tax Act, irrespective of the amount of the Application. Except for Applications on behalf of the Central or the State Government, the residents of Sikkim and the officials appointed by the courts, Applications without PAN will be considered incomplete and are liable to be rejected. The demat accounts for Investors for which PAN details have not been verified shall be “suspended for credit” and no Allotment and credit of Rights Equity Shares pursuant to this Issue shall be made into the accounts of such Investors.

• i) In case of Application through ASBA facility, all payments will be made only by blocking the amount in the ASBA Account. Furthermore, in case of Applications submitted using the optional facility, payments shall be made using internet banking or UPI facility. Cash payment or payment by cheque or demand draft or pay order or NEFT or RTGS or through any other mode is not acceptable for application through ASBA process. In case payment is made in contravention of this, the Application will be deemed invalid and the First and Final Call Money will be refunded and no interest will be paid thereon.

• j) For physical Applications through ASBA at Designated Branches of SCSB, signatures should be either in English or Hindi or in any other language specified in the Eighth Schedule to the Constitution of India. Signatures other than in any such language or thumb impression must be attested by a Notary Public or a Special Executive Magistrate under his/her official seal. The Investors must sign the Application as per the specimen signature recorded with the SCSB.

• k) In case of joint holders and physical Applications through ASBA process, all joint holders must sign the relevant part of the Application Form in the same order and as per the specimen signature(s) recorded with the SCSB. In case of joint Applicants, reference, if any, will be made in the first Applicant’s name and all communication will be addressed to the first Applicant.

• l) All communication in connection with Application for the Rights Equity Shares, including any change in address of the Eligible Equity Shareholders should be addressed to the Registrar prior to the date of Allotment in this Issue quoting the name of the first/sole Applicant, folio numbers/DP ID and Client ID and Application Form number, as applicable. In case of any change in address of the Eligible Equity Shareholders, the Eligible Equity Shareholders should also send the intimation for such change to the respective depository participant, or to our Company or the Registrar in case of Eligible Equity Shareholders holding Equity Shares in physical form.

• m) Only persons outside restricted jurisdictions and who are eligible to subscribe to the First and Final call towards partly paid up Rights Equity Shares under applicable securities laws are eligible to participate.

• n) Please note that subject to SCSBs complying with the requirements of SEBI Circular No. CIR/CFD/DIL/13/2012 dated September 25, 2012 within the periods stipulated therein, Applications made through ASBA facility may be submitted at the Designated Branches of the SCSBs. Application through ASBA facility in electronic mode will only be available with such SCSBs who provide such facility.

• o) In terms of the SEBI circular CIR/CFD/DIL/1/2013 dated January 2, 2013, it is clarified that for making applications by banks on their own account using ASBA facility, SCSBs should have a separate account in own name with any other SEBI registered SCSB(s). Such account shall be used solely for the purpose of making application in public/ rights issues and clear demarcated funds should be available in such account for ASBA applications.

11. Do’s for Investors applying through ASBA:

• a) Ensure that the details about your Depository Participant and beneficiary account are correct and the beneficiary account is activated as the Rights Equity Shares will be Allotted / credited in the dematerialized form only.

• b) Ensure that the Applications are submitted with the Designated Branch of the SCSBs and details of the correct bank account have been provided in the Application.

• c) Ensure that there are sufficient funds (equal to {number of Rights Equity Shares held as on the Record Date} X {Call Money of Rights Equity Shares }) available in ASBA Account mentioned in the Application Form before submitting the Application to the respective Designated Branch of the SCSB.

• d) Ensure that you have authorised the SCSB for blocking funds equivalent to the total amount payable on application mentioned in the Application Form, in the ASBA Account, of which details are provided in the Application and have signed the same.

• e) Ensure that you have a bank account with an SCSB providing ASBA facility in your location and the Application is made through that SCSB providing ASBA facility in such location.

• f) Ensure that you receive an acknowledgement from the Designated Branch of the SCSB for your submission of the Application Form in physical form or plain paper Application.

• g) Ensure that the name(s) given in the Application Form is exactly the same as the name(s) in which the beneficiary account is held with the Depository Participant. In case the Application Form is submitted in joint names, ensure that the beneficiary account is also held in same joint names and such names are in the same sequence in which they appear in the Application Form and the Rights Entitlement Letter.

12. Don’ts for Investors applying through ASBA:

• a) Do not submit the Application Form after you have submitted a plain paper Application to a Designated Branch of the SCSB or vice versa.

• b) Do not send your physical Application to the Lead Manager, the Registrar, the Escrow Collection Bank (assuming that such Escrow Collection Bank is not an SCSB), a branch of the SCSB which is not a Designated Branch of the SCSB or our Company; instead submit the same to a Designated Branch of the SCSB only.

• c) Do not instruct the SCSBs to unblock the funds blocked under the ASBA process.

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