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Matrimony buyback for retail shareholders:
the calculation as in buy back letter

In compliance with Regulation 6 of the SEBI Buyback Regulations, the reservation for the Small Shareholders, will be higher of:
i. Fifteen percent of the number of Equity Shares which the Company proposes to buy back i.e. 15% of 6,52,173 Equity; Shares which works out to 97,826 Equity Shares; or
ii. The number of Equity Shares to which the Small Shareholders are entitled as per their shareholding as on Record Date i.e. (7,00,769/1,14,22,610) x 6,52,173 which works out to be 40,011 Equity Shares.

Since promotors are not participating , 97826 shares bought back from retail shareholders.