1.Company Information

Incorporated in 2003, Sula Vineyards Limited is the India's largest wine producer and seller as of March 31, 2022. The company also distribute wines under a bouquet of popular brands including ""RASA,"" ""Dindori"", ""The source,"" ""Satori"", ""Madera"" & ""Dia"" with its flagship brand ""Sula"" being the ""category creator"" of wine in India. The company's business is broadly classified under two categories (i) the production of wine, the import of wines and spirits, and the distribution of wines and spirits (the ""Wine Business""); and (ii) the sale of services from ownership and operation of wine tourism venues, including vineyard resorts and tasting rooms (the ""Wine Tourism Business"")Currently, the company produces 56 different labels of wine at four owned and two leased production facilities located in the Indian states of Maharashtra and Karnataka

The company have managed to build the largest distribution network among wine companies in India, with close to 13,000 retail touchpoints across the country in 2021

The company also have a strong direct-to-consumer (""D2C"") selling channel primarily through the Wine Tourism Business facilities in Nashik and Bengaluru. Sula Vineyards Limited had entered into long-term supply arrangements (of up to 12 years) with grape growers for approximately 2,290 acres as of September 30, 2022.As of September 30, 2022, the company had a sales force of 141 permanent employees."

2. Objective of the Issue

The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders.