Update on Whistleblower Complaints

Bengaluru – October 24, 2019

The Company is providing an updated disclosure with regard to the anonymous whistleblower complaints.

The Company has been in touch with the Securities and Exchange Commission (“SEC”) regarding the anonymous whistleblower complaints (“Anonymous Complaints”) and has learnt that the SEC has initiated an investigation into this matter. The Company will cooperate with the SEC’s investigation. Also, Securities and Exchange Board of India (“SEBI”) has requested additional information from the Company concerning the Anonymous Complaints. The Company will provide the information as per SEBI’s request.

The Company is also aware of a securities class action lawsuit that has been filed against the Company in federal court in the United States based on the generalized allegations in the Anonymous Complaints. The Company intends to defend itself vigorously in such a lawsuit.

This is for your information and records.


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