Announcements – Asirvad

FY 2024

MGT-7

Cumulative details of the number of claims received, processed, pending

Cumulative details of the number of claims received processed pending as on August 31,2024.pdf

Search facility for Investors w.r.t. amount transferred to Escrow Account

Search facility for Investors w.r.t. amount transferred to Escrow Account_Upto February 29 2024.pdf
Search facility for Investors w.r.t. amount transferred to Escrow Account_Upto March 31 2024.pdf
Search facility for Investors w.r.t. amount transferred to Escrow Account_Upto April 30 2024.pdf
Search facility for Investors w.r.t. amount transferred to Escrow Account_Upto May 31 2024.pdf
Search facility for Investors w.r.t. amount transferred to Escrow Account_Upto June 30 2024.pdf
Search facility for Investors w.r.t. amount transferred to Escrow Account_Upto July 31, 2024.pdf
Search facility for Investors w.r.t. amount transferred to Escrow Account_Upto August 31, 2024.pdf

Details of unclaimed amount transferred to Escrow Account

September'24

BSE Intimation_Interest_ISIN-INE516Q07465_02-09-2024.pdf

2023-24

Familiarization Programme for Independent Directors 2023-24.pdf

Mohan Parthasarathy

CHRO

Mohan Parthasarathy is the head of human resources of our Company. He boasts an impressive career, having held the role of CHRO at Baderia Groups where he developed and implemented the Human Resource Strategy to align with the company’s overall business objectives and strategic direction. His extensive experience includes leadership roles across various sectors, including NBFC, IT, and education, with notable positions at Shriram Finance Ltd, Shriram City Union Finance Ltd, Shriram Value Services P Ltd., Gyan Ganga Groups, and Dhanalakshmi Srinivasan Groups.

Throughout his career, he has received significant recognition for his contributions to Human Resources. In 2023, he was honoured as an HR Innovator by the World HRD Congress and was named one of the top 100 young HR leaders by TAPMI and People Business Consulting. He has also been awarded the Young HR Leader and HR Leader of Excellence titles by multiple accreditation bodies. Additionally, he is a certified Happiness Life Coach and a lifetime member of the Indian Society of Training and Development. His expertise and dedication to the field are further underscored by his Ph.D. from the Institute of Management, Nirma University, Ahmedabad.

August'24

CSR Annual Action Plan

July'24

FY 2024-25

Statement of Deviation or Variation Q1 FY25.pdf

FY 2024-25

Utilization certificate Q1 FY25.pdf

Terms and Conditions

SX Scheme Rebate Structure and Condition

Re-pledge (Transactions) Frequency Criteria	SX scheme
	Effective interest Rate
Pay full interest & Minimum 4 Repledges in every 15 days from the inventory created date	14%
	Effective Rebate Rate
Pay full interest & Minimum 3 Repledges in every 15 days from the inventory created date	4%
Pay full interest & Minimum 2 Repledges in every 15 days from the inventory created date	2%
Pay full interest & Minimum 2 Repledges in every 30 days from the inventory created date(1st Repledge in 1-15 days & next Repledge in 16-30 days)	1.5%
Pay full interest & Minimum 1 Repledge in every 30 days from the inventory created date	1%

Condition

For counting number of repledges during every 15days, the difference between two pledges shall be minimum 1 day.
Available only for SX Scheme.
Repledge via only mode (Web/App) only will be considered for interest rate rebate eligibility.
Repledge done on the inventory creation day will not be considered for interest rate rebate eligibility.
All other conditions of OGL special rebate scheme remains same.
For regular monthly interest paying customers, the initial interest rate slab will be continued during the
contracted loan tenure.
Effective interest rate of various gold loan schemes is applicable after adjusting interest rebate on prompt
monthly interest remittance by the customers. The eligibility for interest rebate is based on the interest remittance frequency and available till the end of contracted loan tenure to all customers.
OGL registered customers will get attractive interest rate rebate by repledging via online mode in SX
schemes based on the repledge frequency as follows.
Repledge done on the inventory creation day will not be considered for interest rate rebate eligibility.
*Effective Interest Rate is based on inventory concept, meeting the repledge criteria*

Interest

The below interest rates are applicable from 17th July 2024

PDLM	Minimum Interest Rate	Maximum Interest Rate	Average Interest Rate in Q1 FY 2024-25	Processing fee
PDLM	24%	24%	25%	2% + GST

Interest

The below interest rates are applicable from 17th July 2024

MTL	Minimum Interest Rate	Maximum Interest Rate	Average Interest Rate in Q1 FY 2024-25	Processing fee
MTL	24%	24%	25%	2% + GST

Interest

The below interest rates are applicable from 17th July 2024

IGP	Minimum Interest Rate	Maximum Interest Rate	Average Interest Rate in Q1 FY 2024-25	Processing fee
IGP	24%	24%	25%	2% + GST

FY 2024-25

Notice of BM to consider financials -Q1 FY 2024-25

June'24

Satish Nair

President & CEO

Satish Nair is the President and Chief Executive Officer of Asirvad Microfinance Ltd. He leads business including corporate functions in finance, human resources, corporate affairs and others.

Previously Satish was the Head of Treasury and Corporate Affairs at Vastu Housing Finance. Satish managed the treasury function at Vastu and was responsible to expand the liability base, arrange and execute roadshows, manage and maintain communication with the Investors, Regulators, Banks, Rating agencies, and DFIs and represent the Company with the regulators. He also managed compliance, communications, and brand.

Satish is a seasoned professional leading business strategy, complex Integrated Public Policy, Investor, Marketing strategy, and business development. He is a veteran in the credit rating industry having spent over 13 years at Fitch Ratings, India Ratings & Research, and Brickwork Ratings in various roles covering fixed-income research, investor outreach, and regulatory relationships.

Satish is an alumnus of University of Mumbai

FY 2022-23

MGT -9 FY 2019-20.pdf

FY 2022-23

FY 2021-22

FY 2023-24

Secretarial-Compliance-Report-FY-2022-23.pdf

May'24

FY 2025-26

FY 2024-25

Secretarial Compliance Report FY 2023-24

FY 2023-24

Linekker M R

CRO

Linekker M R is the Chief Risk Officer of our Company. He holds a bachelor’s degree in commerce from University of Calicut and is an associate member of the Institute of Cost Accountants of India. He has completed Junior Associate of the Indian Institute of Bankers (JAIIB) certification from the Indian Institute of Banking and Finance (IIBF) and Executive development programme in ‘Financial Data Analytics’ from Indian Institute of Management, Kashipur, India.
He joined Manappuram Finance Limited in 2018 and having worked through various functional levels was promoted to the post of Assistant General Manager. Presently, he has been appointed as the Chief Risk Officer of the Company with effect from 6th May 2024 for two years.

April'24

Terms and conditions of appointment of independent directors

June'24

Reg.60 Intimation of Record Date_June 2024.pdf

March'24

February'24

Dr. Adinadh K R,CEng,CISA

CDO

Dr.Adinadh K R is the chief digital officer and chief information security officer of our Company. He is a qualified Certified Information System Auditor (CISA) from ISACA.He holds a bachelor’s degree in technology from Mahatma Gandhi University, India and a master of engineering degree in computer science and engineering from Anna University Coimbatore, India. He also holds a doctor of philosophy degree in computer science and engineering from Karpagam Academy of Higher Education, India and is certified as a red hat certified engineer by Red Hat Inc. He joined our Company on June 1, 2020 and he was appointed the chief technology officer on May 14, 2021. Thereafter, he was redesignated as the chief digital officer on October 6, 2022 and was later assigned the additional responsibility of chief information security officer on March 10, 2023. His key functions and areas of experience in the Company include cybersecurity and data privacy, technology and innovation, digital marketing and customer acquisition. He has previously worked as the vice president of information technology for the IT product development and delivery department of Manappuram Comptech and Consultants Limited and as the assistant professor in computer science and engineering at the SNM Institute of Management and Technology, India.

January'24

Satheesh Kumar Chalasani

CRO

Mr. Satheesh Kumar Chalasani having over 19 years of experience in microfinance sector with a varied skill base in the field of Portfolio Management Risk Analytics and Management Project Management Risk Assessment/Quantification and Business Process Re-engineering.He holds a bachelor’s degree in science from Andhra University India. At Asirvad He joined our Company on January 7, 2019 and he was appointed the chief operating officer of our Company with effect from April 1, 2023. Subsequently he was appointed as the Chief Risk Officer of our Company on November 11, 2023. His key functions and areas of experience in the Company include formulation of risk management policy devising strategies for control and mitigation of risk and risk vetting of operational guidelines.

December'23

Mr. Basavraj Shetty

CIRO

Basavraj Shetty is the Chief Investor Relations Officer of our Company. He holds a bachelor’s degree in science (Technology) from the Institute of Chemical Technology, Mumbai, India, and Post Graduate Diploma in Business Management from the University of Mumbai, India. He has previously worked with Mirae Asset Mutual Fund, JP Morgan, Centrum, etc. He has more than 19 years of experience in the industry.

November’23

Jiji Joseph

HIA

Jiji Joseph is the internal auditor and head of internal audit of our Company. She holds a bachelor’s degree in commerce from University of Calicut, India and is an associate member of the Institute of Cost and Works Accountants of India. She holds a diploma in information system security audit from the Institute of Cost Accountants of India. She joined our Company on October 11, 2022 and has been appointed as the head of internal audit with effect from May 9, 2023 for a period of 3 years, i.e., until May 8, 2026. She has previously worked as the chief manager for compliance department of our Promoter, MAFIL and was also associated with the Kerala Institute of Local Administration. Her key functions and areas of experience in the Company include internal audit planning and control, audit execution and reporting, and fraud detection and prevention. As she was appointed a Senior Management Personnel in May 2023.

Sugesh Ram K S

CCO

Sugesh Ram K S is the Chief Compliance Officer of our Company. He holds a bachelor’s degree in Arts from University of Calicut and a bachelor’s degree in Law degree from Bangalore University. He also holds a diploma in journalism from the Symbiosis, Pune. He is a Company Secretary and has been an associate member of the Institute of Company Secretaries of India. He joined our Company on December 1, 2021 and has been appointed as the Chief Compliance Officer on August 1, 2022. His key functions and areas of experience in the Company include regulatory compliance, compliance monitoring and reporting and compliance investigations and remediation. He has previously worked as the group company secretary of Chemmanur Gold Palace International Limited and company secretary of Tattva Fincorp Limited, Manjilas Food Tech Private Limited and Kerala Enviro Infrastructure Limited.

Technology

Information Security Management System ISO IEC 27001 2013.pdf

October'23

August'23

FY 2023-24

Form MGT-7

Joshy K G

CTO

Joshy K G is the chief technology officer of our Company. He has cleared the final examination conducted by Institute of Chartered Accountants of India. He holds a certificate for the completion of the managerial effectiveness programme for senior executives of MAFIL from Indian Institute of Management, Kozhikode, India and a NPTEL online certification for the blockchain architecture design and use cases from Indian Institute of Technology, Kharagpur, , India. Further, he has completed the certified cyber warrior course by International Institute of Information Technology, Bangalore, India and is a certified professional of MLAI. He has also passed the information security management systems auditor/lead auditor training course by BSI Training Academy, India. He joined our Company on March 10, 2022. His key functions and areas of experience in the Company include technology strategy, system architecture, information security and technology compliance. He has previously worked as the general manager and the head of information technology department of our Promoter, MAFIL.

Muthu Bhaskar

Business Head – Gold Loan

Muthu Bhaskar is the business head of the gold loan business of our Company. He holds a bachelor’s degree in commerce from Mahatma Gandhi University, Kottayam, India. He also holds a master’s degree in business administration from Sikkim Manipal University, India. Further, he has completed a certificate programme in leadership and change management from Indian Institute of Technology, Tiruchirappalli, India and a leadership and management certificate program from Wharton School, University of Pennsylvania, USA. His key functions and areas of experience in the Company include management of gold loan business vertical, execution of strategy for business development and opening of gold loan branches. He has previously worked as the general manager in the operations department of our Promoter, MAFIL. He joined our Company on June 1, 2020.

Aparna Menon

Company Secretary

Aparna Menon is the Company Secretary and Compliance Officer of our Company. She is an associate member of the Institute of Company Secretaries of India. She holds a bachelor’s degree in corporate secretaryship from Bharathiar University, India. She has completed a certificate course on securities law conducted by the Institute of Company Secretaries of India and an online programme on “Private Equity – Investing and Creating Value” conducted by BSE Institute Limited, India. She has previously worked as the senior manager of the secretarial department of our Promoter, MAFIL and as the company secretary of Prestige Mysore Retail Venture Private Limited. She has also worked with J.P. Morgan Services India Private Limited. She joined our Company on October 27, 2020.

Rajesh K R N Namboodiripad

CFO

Rajesh K R N Namboodiripad is the Chief Financial Officer of our Company. He holds a bachelor’s degree in commerce from University of Mumbai, India and a post graduate diploma in fintech from Birla Institute of Technology and Science, India. He is an associate of the Institute of Chartered Accounts of India and has completed the online executive education programme in ‘data analytics’ conducted by Indian Institute of Management, Rohtak, India. He holds a certificate in ‘credit skills for bankers’ presented by Moody’s Analytics and a certificate from the Indian Institute of Banking and Finance for passing the certificate course on non-banking financial companies. He has previously worked as the general manager of internal audit of our Promoter, MAFIL. He joined our Company on December 1, 2021.

Chintha Prasad

CEO-MFI

Chintha Prasad Chintha Prasad is the chief executive officer of the MFI segment of our Company. He holds a bachelor’s degree in commerce from Acharya Nagarjuna University, India. His key functions and areas of experience in the Company include achievement of asset under management growth, budget management and operations and control. He has previously worked as the assistant general manager of the operations department of our Promoter, MAFIL. He joined our Company on December 4, 2019, and was appointed the chief executive officer – MFI with effect from April 1, 2023.

Shyju K

HEAD HR

Shyju K is the head of human resources of our Company. He holds a master’s degree in Arts from University of Kerala, India. He has previously worked as the senior deputy general manager of the human resource management department of our Promoter, MAFIL. He joined our Company on July 24, 2023 and was appointed the head of human resources on August 7,2023. His key functions and areas of experience in the Company include recruitment, transfer and promotion of employees and employee training. As he joined our Company on July 24, 2023.

Anita Belani

Independent Director

She is an Independent Director of our Company. She holds a diploma (honours) in personnel management and industrial relations from Xavier Labour Relations Institute, Jamshedpur, India. She has previously served as the chief people officer at Gaja Advisors Private Limited and has served on the board of directors of several companies including Bandhan AMC Limited, SV Edusports Private Limited, BMR Business Solutions Private Limited, and Manpower Group Services India Private Limited.

Dr. Sumitha Jayasankar

Non-Executive and Non-Independent Director

She is a Non-Executive and Non-Independent Director of our Company. She holds a bachelor of medicine and bachelor of surgery degree from Rajiv Gandhi University of Health Sciences, Karnataka, India and a master of surgery degree in obstetrics and gynecology from Sri Ramachandra University, Chennai, India. She is also a registered practitioner with the Travancore-Cochin council of modern medicine. She has previously worked as a senior registrar in the department of gynecology and obstetrics in KIMS Hospital, Kochi, India.

Blangat Narayanan Raveendra Babu

Managing Director

Blangat Narayanan Raveendra Babu is the Managing Director of our Company. He holds a master’s degree in commerce from University of Calicut, India. He has completed the executive development programme on equity and commodity derivatives by Dun and Bradstreet and the ISMS lead auditor training course. He has previously worked with Blue Marine International, UAE and our Promoter, MAFIL. He has served on the board of directors of several companies including Manappuram Construction and Consultants Limited, Manappuram Jewellers Limited, Manappuram Chits (India) Limited and Manappuram Insurance Brokers Limited.

September'23

1 Step 1

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Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the draft red herring prospectus dated September , 2023 (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering of the equity shares of Asirvad Micro Finance Limited (the “Company”) (the “Issue”), filed with the Securities and Exchange Board of India (“SEBI”) and hosted on this website.

In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States Access to the Draft Red Herring Prospectus does not constitute a recommendation by the Company, the Book Running Lead Managers (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the equity shares offered in the Issue. No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

The Draft Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and the Draft Red Herring Prospectus is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Draft Red Herring Prospectus has not been and will not be filed as a prospectus or a statement in lieu of prospectus with any Registrar of Companies in India under the Companies Act, 2013.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. federal, state or other securities laws. The Equity Shares may not be transferred or resold except as permitted under the U.S. Securities Act, the applicable state securities laws and any applicable non-U.S. securities laws, pursuant to registration or exemption therefrom. Our Company will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and accordingly is not subject to the protections of the Investment Company Act. Accordingly, the Equity Shares are being offered and sold (a) to persons in the United States and to U.S. Persons who are both, (i) “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act and referred to in the Draft Red Herring Prospectus as “U.S. QIBs”), and (b) Qualified Purchasers (“QPs”), as defined in Section 2(a)(51) of the Investment Company Act (persons who are both a U.S. QIB and a QP are referred to as “Entitled QPs”), pursuant to Rule 144A under the U.S. Securities Act and in accordance with Section 3(c)(7) of the Investment Company Act, and (ii) to persons who are not U.S. Persons outside the United States, pursuant to Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.

Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. The Offer and sales of the equity shares to be offered in the Issue shall be made only pursuant to the Red Herring Prospectus (when available).

Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Draft Red Herring Prospectus may contain statements about future events and expectations that constitute forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained there will in fact occur. The Company, its directors, the Book Running Lead Managers or any of their respective affiliates do not make any representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinion in the Draft Red Herring Prospectus. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

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The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

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Disclaimer – Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the draft red herring prospectus dated September , 2023 (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering of the equity shares of Asirvad Micro Finance Limited (the “Company”) (the “Issue”), filed with the Securities and Exchange Board of India (“SEBI”) and hosted on this website.

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To access this information, you must confirm by pressing on the button marked “I Confirm” that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked “I Do Not Confirm”.

The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

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Harshan Kollara Sankarakutty

Independent Director

He is an Independent Director of our Company. He holds a bachelor’s degree in arts from University of Calicut, India and master of arts degree in economics from University of Bombay, India. He has previously served on the board of directors of several companies including Federal Bank Limited, Fedbank Financial Services Limited, Experian Credit Information Company of Indian Private Limited and Avanti Home Solutions Private Limited.

Abhijit Sen

Independent Director

He is an Independent Director of our Company. He holds a bachelor’s degree in technology with first class honours in electronics and electrical communication engineering from Indian Institute of Technology, Kharagpur, India and a post graduate diploma in management from Indian Institute of Management, Calcutta, India. He has previously worked with Citibank N.A., India as the managing director – chief financial officer and has served on the board of directors of several companies including Citicorp Finance (India) Limited, Citicorp Services India Private Limited, IDFC First Bank Limited, IndiaFirst Life Insurance Company Limited, WIPRO Technology Services Limited.

Subrata Kumar Atindra Mitra

Independent Director

He is an Independent Director of our Company. He holds a master’s degree in science from University of Calcutta, India and a master’s degree in management science from Texas Christian University, USA. He has previously worked with the ‘merchant banking’ division of Standard Chartered Bank, India and as a non-executive member of the credit committee of the FirstRand Bank, India. He was previously associated with the financial services business at the Aditya Birla Group and Bank of India. He has served as the director-in-charge of vocational service avenue of service of the Rotary Club of Bombay and has previously served on the board of directors of several companies including GIC Asset Management Company Limited, the Indo American Chamber of Commerce, Aditya Birla Nuvo Limited, Spykar Lifestyles Private Limited, Aditya Birla Sun Life AMC Limited, LIC Mutual Fund Asset Management Limited, QSK Advisory Private Limited.

Pushya Sitaraman

Independent Director

She is an Independent Director of our Company. She holds a bachelor’s degree in law from Madras Law College, India. She is a senior advocate at the Madras High Court. She is on the board of directors of several companies including Shiksha Financial Services India Private Limited, Southern Veneers and Woodworks Limited, Mayabandar Doors Limited and The Western India Plywoods Limited.

Thotanchath Balakrishnan

Independent Director

He is an Independent Director of our Company. He holds a bachelor’s degree in arts from University of Delhi, India. He is a former member of the Indian Administrative Service. He has also worked as the managing director of INKEL Limited, and as the chairman and managing director of Kerala High Speed Rail Corporation Limited. He has previously served on the board of directors of several companies including INKEL-EKK Roads Private Limited, Cheraman Infrastructure Private Limited, Kerala State Mineral Development Corporation Limited, and Travancore Titanium Products Ltd.

Desh Raj Dogra

Independent Director

He is an Independent Director of our Company. He holds a bachelor’s degree in science from Himachal Pradesh University, India, a master’s degree in business administration from University of Delhi, India and a post graduate diploma in marketing and sales management from Board of Technical Education, Delhi, India. He is a certified associate of the Indian Institute of Bankers. He has previously worked as the managing director and chief executive officer of Credit Analysis and Research Limited and has served on the board of directors of several companies including Axiscades Aerospace & Technologies Private Limited, L&T Financial Consultants Limited, ITI Mutual Fund Trustee Private Limited, and Metropolitan Stock Exchange of India Limited.

Ramanathan Annamalai

Independent Director

He is an Independent Director of our Company. He holds a master’s degree in business administration from University of Madras, India and has completed a three-month post graduate level study programme in ‘development banking/training for trainers’ from Victoria University of Manchester, United Kingdom. He has previously served as the chief general manager at the National Bank for Agriculture and Rural Development and has previously served on the board of directors of several companies including Vedika Credit Capital Ltd, Five Star Housing Finance Private Limited, Unnati Finserv Private Limited, Hindusthan Microfinance Private Limited, and Adhikar Micro Finance Private Limited.

Gautam Rathindranath Saigal

Non Executive, Non Independent Director

He is a Non-Executive and Non-Independent Director of our Company. He is qualified chartered accountant. He is the managing partner of Pachira Financial Services LLP. He has previously served as the managing director of AA Indian Development Capital Advisors Private Limited, associate director of India Liasion Office of American International Group, Inc, vice president of ‘merchant banking’ division of S.S. Kantilal Ishwarlal Securities Private Limited and has also worked with Stewart and Mackertich Investment and Financial Services Limited and Lovelock & Lewes. He is on the board of directors of several companies including Manappuram Home Finance Limited and ZIM Health Technologies Limited and has previously served on the board of directors of several companies including our Promoter, MAFIL, ZIM Laboratories Limited, Seed Infotech Limited, Barflex Polyfilms Private Limited and Numero Uno Clothing Limited.

Raja Vaidyanathan Venkataraman Sattanathapuram

Non Executive, Non Independent Director

He is a Non-Executive and Non-Independent Director of our Company. He holds a bachelor’s degree in technology from Indian Institute of Technology, Madras, India and a post-graduate diploma in management from Indian Institute of Technology, Calcutta, India. He is an associate of the Institute of Cost and Works Accountants of India and the Institute of Company Secretaries of India. He has previously served on the board of directors of several companies including Gradatim I.T. Ventures (India) Private Limited, Voicegear Network Technologies Private Limited, Pronto Franchising Private Limited, Growth Street Venture Partners LLP, and Microplex Private Limited.

Blangat Narayanan Raveendra Babu

Managing Director

He is the Managing Director of our Company. He holds a master’s degree in commerce from University of Calicut, India. He has completed the executive development programme on equity and commodity derivatives by Dun and Bradstreet and the ISMS lead auditor training course. He has previously worked with Blue Marine International, UAE and our Promoter, MAFIL. He has served on the board of directors of several companies including Manappuram Construction and Consultants Limited, Manappuram Jewellers Limited, Manappuram Chits (India) Limited and Manappuram Insurance Brokers Limited.

Vazhappully Padmanabhan Nandakumar

Chairman

He is the Chairman and Non-Executive and Non-Independent Director of our Company. He holds a bachelor’s and a master’s degrees in science from University of Calicut, India. He is currently the managing director and chief executive officer of our Promoter, MAFIL. He is on the board of governors of IIM Kozhikode and has previously served on the board of directors of several companies including Lions Co-ordination Committee of India Association, Aptus Value Housing Finance India Limited, Equitas Holdings Limited and Five Star Business Finance Limited.

M-LIGA Sports Excellence Private Limited

1 Step 1

DRHP

Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the draft red herring prospectus dated September , 2023 (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering of the equity shares of Asirvad Micro Finance Limited (the “Company”) (the “Issue”), filed with the Securities and Exchange Board of India (“SEBI”) and hosted on this website.

In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States Access to the Draft Red Herring Prospectus does not constitute a recommendation by the Company, the Book Running Lead Managers (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the equity shares offered in the Issue. No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

The Draft Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and the Draft Red Herring Prospectus is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Draft Red Herring Prospectus has not been and will not be filed as a prospectus or a statement in lieu of prospectus with any Registrar of Companies in India under the Companies Act, 2013.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. federal, state or other securities laws. The Equity Shares may not be transferred or resold except as permitted under the U.S. Securities Act, the applicable state securities laws and any applicable non-U.S. securities laws, pursuant to registration or exemption therefrom. Our Company will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and accordingly is not subject to the protections of the Investment Company Act. Accordingly, the Equity Shares are being offered and sold (a) to persons in the United States and to U.S. Persons who are both, (i) “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act and referred to in the Draft Red Herring Prospectus as “U.S. QIBs”), and (b) Qualified Purchasers (“QPs”), as defined in Section 2(a)(51) of the Investment Company Act (persons who are both a U.S. QIB and a QP are referred to as “Entitled QPs”), pursuant to Rule 144A under the U.S. Securities Act and in accordance with Section 3(c)(7) of the Investment Company Act, and (ii) to persons who are not U.S. Persons outside the United States, pursuant to Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.

Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. The Offer and sales of the equity shares to be offered in the Issue shall be made only pursuant to the Red Herring Prospectus (when available).

Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Draft Red Herring Prospectus may contain statements about future events and expectations that constitute forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained there will in fact occur. The Company, its directors, the Book Running Lead Managers or any of their respective affiliates do not make any representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinion in the Draft Red Herring Prospectus. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

Step 02

To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".

The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

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The Thiniking Machine Media Private Limited

1 Step 1

DRHP

Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the draft red herring prospectus dated September , 2023 (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering of the equity shares of Asirvad Micro Finance Limited (the “Company”) (the “Issue”), filed with the Securities and Exchange Board of India (“SEBI”) and hosted on this website.

In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States Access to the Draft Red Herring Prospectus does not constitute a recommendation by the Company, the Book Running Lead Managers (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the equity shares offered in the Issue. No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

The Draft Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and the Draft Red Herring Prospectus is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Draft Red Herring Prospectus has not been and will not be filed as a prospectus or a statement in lieu of prospectus with any Registrar of Companies in India under the Companies Act, 2013.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. federal, state or other securities laws. The Equity Shares may not be transferred or resold except as permitted under the U.S. Securities Act, the applicable state securities laws and any applicable non-U.S. securities laws, pursuant to registration or exemption therefrom. Our Company will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and accordingly is not subject to the protections of the Investment Company Act. Accordingly, the Equity Shares are being offered and sold (a) to persons in the United States and to U.S. Persons who are both, (i) “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act and referred to in the Draft Red Herring Prospectus as “U.S. QIBs”), and (b) Qualified Purchasers (“QPs”), as defined in Section 2(a)(51) of the Investment Company Act (persons who are both a U.S. QIB and a QP are referred to as “Entitled QPs”), pursuant to Rule 144A under the U.S. Securities Act and in accordance with Section 3(c)(7) of the Investment Company Act, and (ii) to persons who are not U.S. Persons outside the United States, pursuant to Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.

Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. The Offer and sales of the equity shares to be offered in the Issue shall be made only pursuant to the Red Herring Prospectus (when available).

Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Draft Red Herring Prospectus may contain statements about future events and expectations that constitute forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained there will in fact occur. The Company, its directors, the Book Running Lead Managers or any of their respective affiliates do not make any representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinion in the Draft Red Herring Prospectus. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

Step 02

To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".

The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

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Annual Reports 2020-21

1 Step 1

DRHP

Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the draft red herring prospectus dated September , 2023 (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering of the equity shares of Asirvad Micro Finance Limited (the “Company”) (the “Issue”), filed with the Securities and Exchange Board of India (“SEBI”) and hosted on this website.

In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States Access to the Draft Red Herring Prospectus does not constitute a recommendation by the Company, the Book Running Lead Managers (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the equity shares offered in the Issue. No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

The Draft Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and the Draft Red Herring Prospectus is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Draft Red Herring Prospectus has not been and will not be filed as a prospectus or a statement in lieu of prospectus with any Registrar of Companies in India under the Companies Act, 2013.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. federal, state or other securities laws. The Equity Shares may not be transferred or resold except as permitted under the U.S. Securities Act, the applicable state securities laws and any applicable non-U.S. securities laws, pursuant to registration or exemption therefrom. Our Company will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and accordingly is not subject to the protections of the Investment Company Act. Accordingly, the Equity Shares are being offered and sold (a) to persons in the United States and to U.S. Persons who are both, (i) “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act and referred to in the Draft Red Herring Prospectus as “U.S. QIBs”), and (b) Qualified Purchasers (“QPs”), as defined in Section 2(a)(51) of the Investment Company Act (persons who are both a U.S. QIB and a QP are referred to as “Entitled QPs”), pursuant to Rule 144A under the U.S. Securities Act and in accordance with Section 3(c)(7) of the Investment Company Act, and (ii) to persons who are not U.S. Persons outside the United States, pursuant to Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.

Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. The Offer and sales of the equity shares to be offered in the Issue shall be made only pursuant to the Red Herring Prospectus (when available).

Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Draft Red Herring Prospectus may contain statements about future events and expectations that constitute forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained there will in fact occur. The Company, its directors, the Book Running Lead Managers or any of their respective affiliates do not make any representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinion in the Draft Red Herring Prospectus. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

Step 02

To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".

The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

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Annual reports 2021-22

1 Step 1

DRHP

Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the draft red herring prospectus dated September , 2023 (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering of the equity shares of Asirvad Micro Finance Limited (the “Company”) (the “Issue”), filed with the Securities and Exchange Board of India (“SEBI”) and hosted on this website.

In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States Access to the Draft Red Herring Prospectus does not constitute a recommendation by the Company, the Book Running Lead Managers (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the equity shares offered in the Issue. No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

The Draft Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and the Draft Red Herring Prospectus is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Draft Red Herring Prospectus has not been and will not be filed as a prospectus or a statement in lieu of prospectus with any Registrar of Companies in India under the Companies Act, 2013.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. federal, state or other securities laws. The Equity Shares may not be transferred or resold except as permitted under the U.S. Securities Act, the applicable state securities laws and any applicable non-U.S. securities laws, pursuant to registration or exemption therefrom. Our Company will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and accordingly is not subject to the protections of the Investment Company Act. Accordingly, the Equity Shares are being offered and sold (a) to persons in the United States and to U.S. Persons who are both, (i) “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act and referred to in the Draft Red Herring Prospectus as “U.S. QIBs”), and (b) Qualified Purchasers (“QPs”), as defined in Section 2(a)(51) of the Investment Company Act (persons who are both a U.S. QIB and a QP are referred to as “Entitled QPs”), pursuant to Rule 144A under the U.S. Securities Act and in accordance with Section 3(c)(7) of the Investment Company Act, and (ii) to persons who are not U.S. Persons outside the United States, pursuant to Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.

Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. The Offer and sales of the equity shares to be offered in the Issue shall be made only pursuant to the Red Herring Prospectus (when available).

Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Draft Red Herring Prospectus may contain statements about future events and expectations that constitute forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained there will in fact occur. The Company, its directors, the Book Running Lead Managers or any of their respective affiliates do not make any representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinion in the Draft Red Herring Prospectus. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

Step 02

To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".

The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

FormCraft - WordPress form builder

Audit Report & Financials 2020-21

1 Step 1

DRHP

Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the draft red herring prospectus dated September , 2023 (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering of the equity shares of Asirvad Micro Finance Limited (the “Company”) (the “Issue”), filed with the Securities and Exchange Board of India (“SEBI”) and hosted on this website.

In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States Access to the Draft Red Herring Prospectus does not constitute a recommendation by the Company, the Book Running Lead Managers (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the equity shares offered in the Issue. No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

The Draft Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and the Draft Red Herring Prospectus is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Draft Red Herring Prospectus has not been and will not be filed as a prospectus or a statement in lieu of prospectus with any Registrar of Companies in India under the Companies Act, 2013.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. federal, state or other securities laws. The Equity Shares may not be transferred or resold except as permitted under the U.S. Securities Act, the applicable state securities laws and any applicable non-U.S. securities laws, pursuant to registration or exemption therefrom. Our Company will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and accordingly is not subject to the protections of the Investment Company Act. Accordingly, the Equity Shares are being offered and sold (a) to persons in the United States and to U.S. Persons who are both, (i) “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act and referred to in the Draft Red Herring Prospectus as “U.S. QIBs”), and (b) Qualified Purchasers (“QPs”), as defined in Section 2(a)(51) of the Investment Company Act (persons who are both a U.S. QIB and a QP are referred to as “Entitled QPs”), pursuant to Rule 144A under the U.S. Securities Act and in accordance with Section 3(c)(7) of the Investment Company Act, and (ii) to persons who are not U.S. Persons outside the United States, pursuant to Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.

Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. The Offer and sales of the equity shares to be offered in the Issue shall be made only pursuant to the Red Herring Prospectus (when available).

Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Draft Red Herring Prospectus may contain statements about future events and expectations that constitute forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained there will in fact occur. The Company, its directors, the Book Running Lead Managers or any of their respective affiliates do not make any representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinion in the Draft Red Herring Prospectus. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

Step 02

To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".

The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

FormCraft - WordPress form builder

Industry Report

1 Step 1

DRHP

Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.

The following disclaimer applies to the draft red herring prospectus dated September , 2023 (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering of the equity shares of Asirvad Micro Finance Limited (the “Company”) (the “Issue”), filed with the Securities and Exchange Board of India (“SEBI”) and hosted on this website.

In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States Access to the Draft Red Herring Prospectus does not constitute a recommendation by the Company, the Book Running Lead Managers (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the equity shares offered in the Issue. No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.

The Draft Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and the Draft Red Herring Prospectus is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Draft Red Herring Prospectus has not been and will not be filed as a prospectus or a statement in lieu of prospectus with any Registrar of Companies in India under the Companies Act, 2013.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. federal, state or other securities laws. The Equity Shares may not be transferred or resold except as permitted under the U.S. Securities Act, the applicable state securities laws and any applicable non-U.S. securities laws, pursuant to registration or exemption therefrom. Our Company will not be registered as an investment company under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”) and accordingly is not subject to the protections of the Investment Company Act. Accordingly, the Equity Shares are being offered and sold (a) to persons in the United States and to U.S. Persons who are both, (i) “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act and referred to in the Draft Red Herring Prospectus as “U.S. QIBs”), and (b) Qualified Purchasers (“QPs”), as defined in Section 2(a)(51) of the Investment Company Act (persons who are both a U.S. QIB and a QP are referred to as “Entitled QPs”), pursuant to Rule 144A under the U.S. Securities Act and in accordance with Section 3(c)(7) of the Investment Company Act, and (ii) to persons who are not U.S. Persons outside the United States, pursuant to Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.

Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. The Offer and sales of the equity shares to be offered in the Issue shall be made only pursuant to the Red Herring Prospectus (when available).

Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Draft Red Herring Prospectus may contain statements about future events and expectations that constitute forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained there will in fact occur. The Company, its directors, the Book Running Lead Managers or any of their respective affiliates do not make any representation or warranty, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinion in the Draft Red Herring Prospectus. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.

If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

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The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.

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Neena K P

CHRO

Neena K P is the CHRO of Asirvad Micro Finance Limited. She holds Post Graduate Diploma in Labour Law and employee relations & Human Resource Management and is an MBA graduate also.

Before joining AMFL, she has been associated with Manappuram Finance Limited as HR Head since 2018 and was responsible for entire HR function of the Company with over 27,000 employees spread across the country and she has 23 years of experience in different verticals including operations and administration.

July’22

Nandagopalan G

CRO

Nandagopalan G is a Post Graduate Diploma in Personnel Management and also had qualifications in CAIIB and a bachelor’s Degree in Commerce. He had more than 42 years of successful service in leading private sector Bank with wide experience in major verticals (Branch Banking, Audit, HR, Credit Underwriting (SME as well as Large Corporate) in all geographies. i.e. Rural(Kerala), Semi-Urban/Urban (Kerala, Tamilnadu, Andhra Pradesh), and Metros (Delhi, Chennai, and Mumbai).

December’22

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June’22

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February’21

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February’22

December’21

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