ASSET RECONSTRUCTION COMPANY (INDIA) Limited

• to achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of up to 52,731,946 Equity Shares of face value of ₹10 each aggregating up to ₹[●] million by the Selling Shareholders

Except as stated below, there are no outstanding criminal proceedings, actions by regulatory or statutory authorities, claims relating to direct and indirect taxes, or other pending litigations involving the Company, Subsidiaries, Directors, or Promoters (excluding State Bank of India). There are no disciplinary actions including penalties imposed by SEBI or stock exchanges against Promoters in the last five Fiscals preceding this Red Herring Prospectus.

• Our revenue and profits are largely dependent on the value and composition of our AUM, and any adverse change in our AUM may impact our revenue and profit.(Financial Performance)

• A decrease in our AUM may cause a decline in our fees and therefore our revenue from operations, and consequently, our profit.(Financial Performance)

• A decrease in our AUM may also correspond to a reduction in our investment in such AUM, which may lead to a decrease in our investment income.(Financial Performance)

• Non-compliance with RBI’s observations made during any inspection could expose us to penalties and restrictions.(Regulatory)

• Any imposition of penalty or adverse findings by the RBI during any future inspections or otherwise may have an adverse effect on our reputation, business, results of operations, financial condition and cash flows.(Regulatory)

• The RBI has issued an inspection and risk assessment report identifying major supervisory concerns, including non-compliance with the Regulatory Framework for Asset Reconstruction Companies, deficiencies in succession planning and various policies, delays in issuing no dues certificates, deficiencies in the due diligence process, and a lack of complaint management system.(Regulatory)

• Our management fee/ trusteeship fee ranges from 0.25% to 5.00% of the AUM managed by the relevant trust depending on the underlying commercials with each trust.(Financial Performance)

• High rate of redemption of security receipts (SRs) without corresponding new acquisitions may lead to a net decline in the AUM.(Financial Performance)

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.