SCHEDULE - ISSUE OF SWEAT EQUITY [Under Regulation 6(4)] - Securities and Exchange Board of India (Issue of Sweat Equity) Regulations, 2002

SCHEDULE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF SWEAT EQUITY) Regulations, 2002 [Under Regulation 6(4)] The explanatory statement to the notice and the resolution proposed to be passed in the general meeting for approving the issuance of sweat equity shall, inter alia, contain the following information: a) The total number of shares to be issued as sweat equity. b) The current market price of the shares of the company. c) The value of the intellectual property rights or technical know how or other value addition to be received from the employee or director along with the valuation report / basis of valuation. d) The names of the employees or directors or promoters to whom the sweat equity shares shall be issued and their relationship with the company. e) The consideration to be paid for the sweat equity. f) The price at which the sweat equity shares shall be issued. g) Ceiling on managerial remuneration, if any, which will be affected by issuance of such sweat equity. h) A statement to the effect that he company shall conform to the accounting policies as specified by the Board. i) Diluted Earning Per Share pursuant to the issue of securities to be calculated in accordance with International Accounting Standards / standards specified by the Institute of Chartered Accountants of India.