Offer Letter by Karvy Obtaining NSDL ISIN International

• Offer Letter by Karvy Obtaining NSDL ISIN (International Securities Identification Number) Acceptance of Karvy’s Offer by company Karvy’s Annual Payment (in advance) • • Obtaining CDSL ISIN (International Securities Identification Number) Letter of intent cum Master Creation Form (MCF)on letter head of the company sign and stamp on all pages. Board Resolution with specimen signatures ROC(Registrar of Companies) Form and Challan along with net worth certificate GST Registration certificate/ARN (Application Reference Number) Acknowledgment Confirmation letter from KARVY for common registry Tri-partite agreement Joining fee emailer from NSDL and payment of fees ( Registration and ACF) Letter of intent cum Master Creation Form (MCF )on letter head of the company sign and stamp on all pages. Board Resolution with specimen signature ROC(Registrar of Companies) Form and Challan along with net worth certificate GST Registration certificate/ARN(Application Reference Number) Acknowledgment Tri-partite agreement Letter for freezing/unfreezing of securities – Applicable in case of Private Limited Company Soft copy of security details in prescribed format (Equity / Preference Shares Joining fees • • KARVY- Agreement /Shareholding Pattern/GST information • • Company to share GST / Register Of Members (ROM) details to KARVY Franking and Signing of Karvy agreement Dematerialisation & Corporate Action (Process after activation of ISIN) • • Dematerialisaion of shares Corporate Action for further capital issued (Post ISIN Activation) Ideate | Innovate | Integrate

Process flow of ISIN creation & Dematerialization of shares Step-I: Step-III: • Ensure that all the shareholders or shareholders who want to dematerialize their shares are having Demat accounts with the depository for which you are offering to obtain the ISIN. Example : if you obtain an ISIN in CDSL, shareholders need to have Demat Accounts in CDSL. Similarly with NSDL • • • Selection of depository (Either NSDL/CDSL) or both depositories for obtaining the (ISIN) Conducting of Board meeting & passing the resolution Appointment of KARVY as RTA Annual Maintenance fee by the company to Karvy in advance every year Admitting the company’s shares with depositories Submission of share holders (ROM data ) and GST data by the company to KARVY as per the format given by Karvy. • Karvy shall send a soft copy of the agreement to company for scrutiny. • Once company is OK with the agreement, Karvy shall frank the agreement , signatory of the Karvy shall sign the agreement and send the same to company for signing. • Company to sign the agreement and send the same to Karvy. Step-IV: Process flow – NSDL/CDSL - Obtaining an ISIN number • Company to share the soft copy of the MCF over e-mail to Karvy local coordinators for prima facie checks. • Submission of duly signed Master Creation form (MCF), Signed Tripartite agreement & other supporting documents as per NSDL/CDSL Checklist, . Karvy shall submit it to NSDL/CDSL. • NSDL Tripartite Agreement: NSDL only share the stamped agreements to Clients. • Depository Fees : • CDSL fees need to be paid along with the documentation • NSDL fees need to be paid on receipt of joining email confirmation from NSDL. • NSDL Document Scrutiny : • If documentation is correct : NSDL shall send a joining email to Company & KARVY for confirming the correctness of all the details submitted and provides the list of fees to be paid. • Incase of any discrepancies in documents : NSDL will intimate and requires physical copies of the documents to be submitted. Ideate | Innovate | Integrate

Step-V: • On verification of Tripartite Agreement, NSDL allots/generates an ISIN in 5 -7 working days and the same is intimated to the KARVY. • NSDL/CDSL – Documents and checklist • CDSL Document Scrutiny : • If documentation is correct : CDSL shall activate the ISIN and intimate the same to KARVY and the company • Incase of any discrepancies in documents : CDSL will intimate the company and requires physical copies of the documents to be submitted for further processing. Dematerialisation of shares: • Once ISIN is activated in NSDL/CDSL, the registered Share holder shall submit duly signed dematerialization request form (DRF), which is available with their respective Depository Participant (DP) along with original certificates. • DP shall process Demat requests in NSDL/CDSL and send it to KARVY for further processing. Step-VI: Corporate Action : For any capital issued after the activation of the ISIN, company needs to submit corporate action to NSDL / CDSL (wherever the ISIN is admitted) to enhance the increased paid up capital in NSDL / CDSL systems. Ideate | Innovate | Integrate

FEES @ NSDL and CDSL One Time Connectivity fee & Annual Custody Fee for NSDL / CDSL • • An Issuer shall pay an annual custody fee at the rate of Rs. 11 per folio (ISIN position) in NSDL/CDSL, subject to a minimum amount as mentioned below, plus taxes as applicable Issuer of unlisted securities shall pay a joining fee of Rs. 15, 000 plus taxes and Issuer of listed securities shall pay a joining fee of Rs. 20, 000 plus taxes at the applicable rate at the time of joining NSDL, for the purpose of making its shares available for dematerialisation. Issued and Paid up Capital (No. of Shares*face value) One time connectivity for NSDL/CDSL Annual Custody fee for NSDL/CDSL Up to 2. 5 crore Rs. 5, 000+ GST (18%) Above 2. 5 crore and upto 5 crore Rs. 9, 000+ GST (18%) Above 5 crore and upto 10 crore Rs. 15, 000 + GST (18%) Rs. 22, 500+ GST (18%) Above 10 crore and upto 20 crore Rs. 45, 000+ GST (18%) Above 20 crore Rs. 75, 000+ GST (18%) • Annual Custody Fee at the rate of Rs. 11/- per folio (ISIN position) subject to a minimum amount as mentioned above. • Security Deposit (2 years of applicable Annual Custody Fees) – applicable for only Unlisted Public Limited Companies Ideate | Innovate | Integrate

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