Common use of Events other than failure of the Offer Clause in Contracts

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the Prospectus, SEBI ICDR Regulations and any other Applicable Laws, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers shall intimate the Bankers to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to the Company and the Selling Shareholders), not later than one Working Day from the date of the receipt of the list of Beneficiaries and the amounts to be refunded thereto, transfer the amount held in the Public Offer Account to the Refund Account in accordance with the Applicable Laws and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in Schedule X, on the same Working Day as the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ ProspectusOffer Documents, the Prospectus, SEBI ICDR Regulations and any other Applicable LawsLaw, on account of events other than those listed in Section 3.2.1(a) after the funds received from ASBA Bidders are transferred from the Escrow Accounts and the ASBA Accounts to the Public Offer Account, the Company shall intimate the Lead Managers, and the Book Running Lead Managers in turn shall intimate the Bankers to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to the Company and the Selling Shareholders)) in the format prescribed under Annexure D and the Bankers to the Offer, in their respective capacities, as applicable, and the Registrar shall, after notifying the Company, the Selling Shareholders and the Lead Managers, ensure that the Public Account Bank, forthwith but not later than within one (1) Working Day from the date of the receipt of instructions in this respect from the list of Beneficiaries and Lead Managers, transfers the amounts to be refunded thereto, transfer the amount held in the Public Offer Account to the Refund Account and the Refund Bank shall make payments in accordance with Applicable Law. Thereafter, the Refund Bank shall on the same Working Day, ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the Applicable Laws Law (including the SEBI Refund Circulars as applicable) and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in Schedule X, on the same Working Day as the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws this Section as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the Prospectus, the Preliminary Offering Memorandum, the Offering Memorandum, the SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers BRLMs shall intimate the Bankers Public Offer Account Bank and the Registrar to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to the Company and the Selling Shareholders)) and the Public Offer Account Bank and the Registrar to the Offer shall, after notifying the BRLMs, the Company and the Selling Shareholders, forthwith but not later than one (1) Working Day from the date of the receipt of instructions in this respect from the list of Beneficiaries and the amounts to be refunded theretoBRLMs, transfer the amount held amounts in the Public Offer Account to the Refund Account in accordance with and the Applicable Laws and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in Schedule X, on the same Working Day as the transfer of such amount to the Refund Account make payments to all the Beneficiaries in accordance with Applicable Law and within the timelines prescribed under Applicable Laws as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the ProspectusLaw. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit benefits of the Beneficiaries Bidders without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the ProspectusOffer Documents, SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers shall BRLMs shall, intimate the Bankers to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from ) and the Book Running Lead Managers of the failure of Bankers to the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to BRLMs, the Company and the Selling Shareholders), forthwith but not later than one (1) Working Day from the date of the receipt of the list of Beneficiaries and the amounts to be refunded thereto, ensure the transfer the amount of amounts held in the Public Offer Account to into the Refund Account in accordance with the Applicable Laws Law and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus. The Refund Account Bank shall refund such amounts as described in Schedule X, on the same within one Working Day as of the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws Law as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the ProspectusOffer Documents, SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers shall Manager shall, intimate the Bankers to the Offer and the Registrar in writing with a copy to the Promoter Selling Shareholders Shareholder (as provided in Schedule X). On receipt of intimation from ) and the Book Running Lead Managers of the failure of Bankers to the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to Manager, the Company and the Promoter Selling Shareholders)Shareholder, forthwith but not later than one (1) Working Day from the date of the receipt of the list of Beneficiaries and the amounts to be refunded thereto, ensure the transfer the amount of amounts held in the Public Offer Account to into the Refund Account in accordance with the Applicable Laws Law and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus. The Refund Account Bank shall refund such amounts as described in Schedule X, on the same within one Working Day as of the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws Law as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ ProspectusOffer Documents, the Prospectus, SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred from the Escrow Accounts and the ASBA Accounts to the Public Offer Account, the Company and the Book Running Lead Managers shall intimate the Bankers Banker to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to the Company and the Selling Shareholders)) in the format prescribed under Annexure D and the Banker to the Offer and the Registrar shall, after notifying the Company, the Selling Shareholders and the Lead Managers, ensure that the Public Account Bank, forthwith but not later than within one (1) Working Day from the date of the receipt of instructions in this respect from the list of Beneficiaries and the amounts to be refunded theretoLead Managers, transfer the amount held amounts in the Public Offer Account to the Refund Account and the Refund Bank shall make payments in accordance with Applicable Law. Thereafter, the Refund Bank shall on the same Working Day, ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the Applicable Laws Law (including the SEBI Refund Circulars as applicable) and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in Schedule X, on the same Working Day as the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws this Section as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the ProspectusOffer Documents, SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers and the Bank shall intimate the Bankers to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, heretoIII). The Public Offer Account Bank shall, / Escrow Collection Bank and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to Managers, the Company Bank and the Selling Shareholders), forthwith but not later than one (1) Working Day from Day, ensure the date transfer of the receipt of the list of Beneficiaries and the amounts to be refunded thereto, transfer the amount held in the Public Offer Account/Escrow Collection Account to into the Refund Account in accordance with the Applicable Laws and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and ProspectusAccount. The Refund Bank shall refund such amounts as described in Schedule Xnotice issued by the Bank and the Book Running Lead Managers as per this Clause 3.2.2, on the same within one (1) Working Day as of the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws Law as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of and in trust for the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the Prospectus, the Preliminary Offering Memorandum, the Offering Memorandum, the SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers BRLMs shall intimate the Bankers Public Offer Account Bank and the Registrar to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to the Company and the Selling Shareholders)) and the Public Offer Account Bank and the Registrar to the Offer shall, not later than one Working Day from after notifying the date of BRLMs, the Company and the Selling Shareholders, forthwith on the receipt of instructions in this respect from the list of Beneficiaries and the amounts to be refunded theretoBRLMs, transfer the amount held amounts in the Public Offer Account to the Refund Account in accordance with Account, and the Applicable Laws and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in Schedule X, on the same Working Day as the transfer of such amount to the Refund Account make payments to all the Beneficiaries in accordance with Applicable Law and within the timelines prescribed under Applicable Laws as per Law using the payment modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ ProspectusOffer Documents, the Prospectus, SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers shall intimate the Bankers to the Public Offer Account Bank and the Registrar in writing (with a copy to the Selling Shareholders (as provided Shareholders) in Schedule X). On receipt of intimation from the Book Running Lead Managers of format prescribed under Annexure D and the failure of the Public Offer as per Clause 3.2.4.1 (B), Account Bank and the Registrar shall forthwithshall, but not later than one Working Dayafter notifying the Company, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list forthwith but not later than one (1) Working Day from the receipt of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (written instructions in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to this respect from the Book Running Lead Managers (with a copy to the Company and the Selling Shareholders), not later than one Working Day from the date of the receipt of the list of Beneficiaries and the amounts to be refunded theretoManagers, transfer the amount held amounts in the Public Offer Account to the Refund Account and the Refund Bank shall make payments on the same Working Day and intimate the Parties, and ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the and within timelines prescribed under Applicable Laws and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus, the Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in Schedule X, on the same Working Day as the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus Preliminary Offering Memorandum and the ProspectusOffering Memorandum. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries Bidders without any right or lien thereon. The Refund Bank shall intimate in writing, along with the updated bank account statement to the BRLMs and the Registrar (with a copy to the Company and the Selling Shareholders) post the completion of the transfer of the amount from the Refund Account.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the Prospectus, the Preliminary Offering Memorandum, the Offering Memorandum, the SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers BRLMs shall intimate the Bankers Public Offer Account Bank and the Registrar to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to the Company and the Promoter Selling Shareholders)Shareholder) and the Public Offer Account Bank and the Registrar to the Offer shall, not later than one Working Day from after notifying the date of BRLMs, the Company and the Promoter Selling Shareholder, forthwith on the receipt of instructions in this respect from the list of Beneficiaries and the amounts to be refunded theretoBRLMs, transfer the amount held amounts in the Public Offer Account to the Refund Account in accordance with Account, and the Applicable Laws and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in Schedule X, on the same Working Day as the transfer of such amount to the Refund Account make payments to all the Beneficiaries in accordance with Applicable Law and within the timelines prescribed under Applicable Laws as per Law using the payment modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the ProspectusOffer Documents, SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers shall shall, intimate the Bankers to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from ) and the Book Running Lead Managers of the failure of Bankers to the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to Managers, the Company and the Selling Shareholders), forthwith but not later than one (1) Working Day from the date of the receipt of the list of Beneficiaries and the amounts to be refunded thereto, ensure the transfer the amount of amounts held in the Public Offer Account to into the Refund Account in accordance with the Applicable Laws Law and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus. The Refund Account Bank shall refund such amounts as described in Schedule X, on the same within one Working Day as of the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws Law as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ ProspectusOffer Documents, the Prospectus, SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers shall intimate the Bankers to the Public Offer Account Bank and the Registrar in writing (with a copy to the Selling Shareholders (as provided Shareholders) in Schedule X). On receipt of intimation from the Book Running Lead Managers of format prescribed under Annexure D and the failure of the Public Offer as per Clause 3.2.4.1 (B), Account Bank and the Registrar shall forthwithshall, but not later than one Working Dayafter notifying the Company, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list forthwith but not later than one (1) Working Day from the receipt of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (written instructions in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to this respect from the Book Running Lead Managers (with a copy to the Company and the Selling Shareholders), not later than one Working Day from the date of the receipt of the list of Beneficiaries and the amounts to be refunded theretoManagers, transfer the amount held amounts in the Public Offer Account to the Refund Account and the Refund Bank shall make payments on the same Working Day and intimate the Parties, and ensure the refund of amounts held in the Refund Account to the Bidders in accordance with the and within timelines prescribed under Applicable Laws and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus, the Prospectus and Prospectus. The Refund Bank shall refund such amounts as described in Schedule X, on the same Working Day as the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus Preliminary Offering Memorandum and the ProspectusOffering Memorandum. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of and in trust for the Beneficiaries without any right or lien thereon. The Refund Bank shall intimate in writing, along with the updated bank account statement to the BRLMs and the Registrar (with a copy to the Company and the Selling Shareholders) post the completion of the transfer of the amount from the Refund Account.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the ProspectusOffer Documents, SEBI ICDR Regulations and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers shall intimate the Bankers to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (B), the Registrar shall forthwith, but not later than one Working Day, following the reconciliation of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, heretoIII). The Public Offer Account Bank shall, / Escrow Collection Bank and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to Managers, the Company and the Selling Shareholders), forthwith but not later than one (1) Working Day from the date of the receipt of the list above notice, ensure the transfer of Beneficiaries and the amounts to be refunded thereto, transfer the amount held in the Public Offer Account to Account/Escrow Accounts into the Refund Account in accordance with the Applicable Laws and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and ProspectusLaw. The Refund Bank shall refund such amounts as described in Schedule Xnotice issued by the Company and the Lead Managers as per this Clause 3.2.2, on the same within one Working Day as of the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws Law as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.

Events other than failure of the Offer. In the event that the listing of the Equity Shares does not occur in the manner described in the Red ▇▇▇▇▇▇▇ Prospectus, the Prospectus, SEBI ICDR Regulations Offer Documents and any other Applicable LawsLaw, after the funds received from ASBA Bidders are transferred to the Public Offer Account, the Company and the Book Running Lead Managers shall shall, intimate the Bankers Banker to the Offer and the Registrar in writing with a copy to the Selling Shareholders (as provided in Schedule X). On receipt of intimation from the Book Running Lead Managers of the failure of the Offer as per Clause 3.2.4.1 (BAnnexure D), and the Public Offer Bank and the Registrar shall forthwithshall, after a notice to the Managers, the Company and the Selling Shareholders, forthwith but not later than one Working Day, following ensure the reconciliation transfer of accounts with the Escrow Collection Bank or Public Offer Bank, as applicable, (which shall be completed within one Working Day after the receipt of intimation of failure of the Offer) provide to Public Offer Bank, the Refund Bank, the Sponsor Banks, the SCSBs, with a copy to the Selling Shareholders and the Company and the Book Running Lead Managers, a list of Beneficiaries and a list of Bidders amounts to be refunded by the Refund Bank to such Beneficiaries (in the form specified in Schedule IV, hereto). The Public Offer Bank shall, and the Registrar shall ensure that the Public Offer Bank shall, after a notice to the Book Running Lead Managers (with a copy to the Company and the Selling Shareholders), not later than one Working Day from the date of the receipt of the list of Beneficiaries and the amounts to be refunded thereto, transfer the amount held in the Public Offer Account to into the Refund Account in accordance with the Applicable Laws Law and as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus and the Prospectus. The Refund Account Bank shall refund such amounts as described in Schedule XAnnexure D, on the same within one Working Day as of the transfer of such amount to the Refund Account to all the Beneficiaries in accordance with the Applicable Laws Law as per the modes specified in the Red ▇▇▇▇▇▇▇ Prospectus RHP and the Prospectus. All refunds under this Agreement shall be payable by the Refund Account Bank and until such refunds are paid as agreed herein, the monies lying in the Refund Account shall be held for the benefit of the Beneficiaries without any right or lien thereon.