Q4 FY20 Investor Presentation

Merger Update • Merger process stalled due to COVID ✓ NCLT Chandigarh moving to VC mode, but not hearing Merger matters yet ✓ Last 4 Hearings postponed ✓ Next Date is in September 11 ✓ We have filed an emergency petition requesting to be heard so that the process doesn't get delayed further. • As things stand: ✓ Best Case Scenario: December ✓ More Realistic: March '21 CL *CI. educate Presented by: CL EDUCATE LIMITED 20

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