1.Repayment / prepayment, in full or part, of certain outstanding borrowings availed by our Company;2.Funding the working capital requirements of our Company;3.Investment in our Subsidiary, Buildmex-Infra Private Limited (“Buildmex”), for funding its working capital requirements; and4.General corporate purposes and unidentified inorganic acquisitions.

We are a business-to-business (“B2B”) technology-enabled company operating in a growing construction materials market (Source: RedSeer Report), focusing on simplifying and digitizing the entire procurement process for construction materials, delivering an efficient end-to-end procurement experience. We utilize a blend of technology and human expertise to simplify the procurement process for purchasing bulk quantities of various construction materials. We leverage our extensive network of vendors to source construction materials and provide them to real estate and infrastructure developers and contractors, striving to be a one-stop solution for all their construction material requirements. Between April 1, 2021 and March 31, 2024, we have delivered 10.35 million metric tonnes (“MT”) of construction materials, including aggregates, ready-mix concrete (“RMC”), steel, cement, construction chemicals and walling solutions, utilizing 1,458 vendors and serving 2,133 customers across 963 pin codes in various cities, including Mumbai (Maharashtra), Bengaluru (Karnataka) and Chennai (Tamil Nadu). This reflects the effectiveness of our operations and our ability to scale our business. Since our inception, we have witnessed growth, with our network of registered customers and vendors increasing from 431 customers and 441 vendors as of March 31, 2022 to 2,133 customers and 1,458 vendors as of March 31, 2024. Further, for Fiscals 2024, 2023 and 2022, our active customer count (i.e. a customer that has purchased construction materials through us at least once during the relevant Fiscal) was 1,278, 1,117 and 431, respectively.