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Maharashtra Scooters Limited (PAN: AABCM1799E), which holds 3,387,036 shares of the Company, is a subsidiary covered under Section 19(1)(c) of the Companies Act, 2013. Hence, Maharashtra Scooters Limited does not exercise voting rights on the shares held by it. 2. In terms of the Order of Honble Bombay High Court dated 16 January 2020, read with the modified Order dated 30 January 2020 in I.A. No. 1 of 2020 in Petition No. 2972 of 2018, Ms. Pooja Bajaj acting in her capacity as the mother and natural guardian of her minor son, Vanraj Bajaj, has offered an undertaking that the shares as referred to hereunder, being the 1/3rd share that will come to the share of Vanraj Bajaj from and out of the estate of his deceased father, Mr. Anant Bajaj shall be kept aside and not dealt with during the minority of Vanraj Bajaj, without the prior leave of the Honble Court - 334 Equity shares of the Company, being the 1/3rd share that will come to Vanraj Bajaj from and out of the shares presently held by the estate of his deceased father, Mr. Anant Bajaj; and Pooja Bajaj, in her capacity as the mother and natural guardian of Vanraj Bajaj had given the undertakings as aforesaid with a view to securing Vanrajs 1/3rd share in the estate of his deceased father, Mr. Anant Bajaj. In pursuance of the foregoing, Ms. Pooja Bajaj has, on 18 February 2020, submitted an Affidavit containing the undertakings as aforesaid to the Honble Court. The Honble Court has vide its Order dated 26 February 2020, accepted the undertakings as aforesaid. In the circumstances, the aforesaid shares of the Company cannot be dealt with or disposed-off until Vanraj Bajaj attains majority or during his minority, without obtaining the prior leave of the Honble Court. 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