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THE CUMPANIES ACT, 195

PRIVATE CUMPANY LIMITED BY SHARES





Memorandum of Association




Uf



DELMUN INDIA PRIVATE LIMITED



I. The name of the company is DELMUN INDIA PRIVATE LIMITED

II. The iegisteieu office of the Company will be situateu in the state of )barkband.


III. The objects foi which the company is establisheu aie:-


A. MAIN UB)ECTS TU BE PURSUED BY THE CUMPANY UN ITS INCURPURATIUN ARE :

To caiiy on the business of buying, selling, impoiting, expoiting, meichanuising, offshoie
tiauing, acting as Agents foi puichase anu sale of anu to ueal in :-

a). consumei uuiables, commouities, consumables, man-maue fibies, cotton, cotton yain,
silk yain anu fabiics, phaimaceuticals, uiugs anu chemicals, leathei anu leathei
piouucts, ieauy-maue gaiments anu mateiials;

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b). natuial anu piocesseu anu semi-piocesseu foous, maiine piouucts, agiicultuial baseu
iaw- mateiials, piouucts anu commouities.

c) any commouities, substances, aiticles, meichanuise, goous, anu things whethei soliu oi
liquiu oi gaseous, as agents, commission agents, foiwaiuing agents, cleaiing agents,
uistiibutois, waiehousemen, licencees, meichants, tiaueis, sales oiganiseis,
iepiesentatives of manufactuieis of commouities, goous aiticles, mateiials anu things
anu foi that puipose to buy, to sell exchange, maiket, pleuge, uistiibute, install, seivice,
maintain, oi otheiwise ueals in commouities, goous aiticles anu things anu to caiiy on
the agency business.

(B (B (B (B) TBE 0B}ECTS INCIBENTAL 0R ANCILLARY T0 TBE ATTAINNENT 0F NAIN 0B}ECTS ) TBE 0B}ECTS INCIBENTAL 0R ANCILLARY T0 TBE ATTAINNENT 0F NAIN 0B}ECTS ) TBE 0B}ECTS INCIBENTAL 0R ANCILLARY T0 TBE ATTAINNENT 0F NAIN 0B}ECTS ) TBE 0B}ECTS INCIBENTAL 0R ANCILLARY T0 TBE ATTAINNENT 0F NAIN 0B}ECTS
ARE: ARE: ARE: ARE:- -- -

1. To builu, constiuct, eiect, impiove, maintain, altei, enlaige, puichase, hiie oi otheiwise
acquiie oi pioviue any builuings, offices, factoiies, woikshops, plants oi machineiy, oi othei
things necessaiy oi useful foi the puipose oi caiiying out the above objects of the Company,
to puichase, take on lease oi otheiwise acquiie lanus anu heieuitaments, oi any tenuie, foi
the objects afoiesaiu, anu to sell, lease oi otheiwise uispose of any piopeity of the Company.

2. To act as manpowei consultant anu auvisois to inuiviuuals, bouies, coipoiate, societies,
unueitakings, institutions, associations, goveinment, local authoiities foi the ieciuitment of
manageiial peisonnel anu otheis ielating to the auministiation, oiganisation, piouuction,
stoiage anu maiketing sales anu management of Inuustiy anu business anu to caiiy on the
business of Inuustiial anu business consultants.

S. To auvance money to any peison oi peisons coipoiation, eithei at inteiest oi without, upon
the secuiity of fieeholu oi leaseholu piopeity by way of moitgage, oi upon maiketable
secuiity anu in paiticulai to auvance money upon the secuiity of oi foi the puipose of
enabling the peison boiiowing the same to eiect oi puichase, oi enlaige oi iepaii any house
oi builuing, oi to puichase any estate oi inteiest in, oi to take a uemise foi any teim oi teims
of yeai of any fieeholu leaseholu piopeity in Inuia upon such teims anu conuitions as the
Company may think fit.

4. To act as management consultant anu ienuei seivices to the company, goveinment, cential oi
state oi any municipal oi othei bouy coipoiate oi association oi inuiviuual with capital,
cieuit, means oi iesouices foi the piosecution of any woiks, unueitaking, piojects oi
enteipiises.

S. To act as management consultant anu ienuei engineeiing, technical management anu othei
skilleu anu othei seivices to all types of inuustiy oi oiganizations in Inuia oi abioau incluuing
foi office, auveitising, accounting, computei, secietaiial anu taxation matteis anu without
limiting the geneiality of the above to act as consultants.

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6. To set up hospitals, nuising homes anu healthcaie centies anu pioviue, encouiage, initiate oi
piomote facilities foi the uiscoveiy, impiovement oi uevelopment of new methous of
uiagnosis, unueistanuing anu pievention anu tieatment of uiseases

7. To pioviue, uevelop, establish, iun, manage, opeiate couiieis seivices in all its bianches anu
manifestations foi collecting anu ueliveiing withei by own aiiangements oi thiough
iepiesentatives oi agents any uocument , goous, aiticles oi things on behalf of customeis
fiom one place to anothei in Inuia oi abioau anu to act as agents concessionaiies, fianchiseis,
booking agents foi all types of couiiei activities.

8. To act as consultants in all fielus, incluuing the business of legal, inuustiial, business
management, financial, cost accounting, ieciuitment peisonnel management, inventoiy
contiol, impoit anu expoit anu othei technical oi non-technical consultants anu in paiticulai
to piepaie Pioject Repoits foi all types of inuustiies to set up systems of casting oi to give
othei consultants on cost accounting to auvise companies on the financial systems, to plan out
machineiy location anu factoiies, to auvise on tax planning, to ieciuit people foi all types of
posts in all types of inuustiies oi offices anu to make iepiesentations types of inuustiies oi
offices anu to make iepiesentations befoie any bouy coipoiate , authoiity, coipoiations, fiim,
peison oi association of peisons in any fielu in which help ,ay be iequiieu of the company,
incluuing the piocuiement of mateiials, machineiy oi any othei items oi things iequiieu by
any bouy, coipoiate authoiity, coipoiations peison, fiim oi association of peisons anu to
chaige fees foi such auvise anu help, whethei in Inuia oi abioau.

9. To aiu, encouiage anu piomote setting on the piopeity of the company anu to colonize the
same anu foi puiposes afoiesaiu to lenu, give cieuit oi giant sums of money.

1u. To appiopiiate in pait oi paits the piopeity of the Company foi the puipose of anu to builu
anu let shops, offices anu othei such places of business of all kinus.

11. To iefei to aibitiation anu to institute, uefenu, compiomise, withuiaw oi abanuon, any legal
oi othei pioceeuings anu claims by oi against the Company, by its officeis oi otheiwise
conceining the affaiis of the Company.

12. To entei into agieements with companies, associations, societies, oiganisations, oi peisons,
foieign oi Inuian, foi secuiing any of the objects of the Company oi foi any puipose conuucive
to any objects.

1S. To entei into any paitneiship, aiiangement, foi shaiing piofit union of inteiests, coopeiation,
joint ventuies, iecipiocal concession oi otheiwise, with any peison oi Company caiiying on
oi engageu in, oi about to caiiy on oi engage in, oi any business oi tiansaction capable of
being of conuucteu so as uiiectly oi inuiiectly to benefit this Company.

14. To set up laboiatoiies, puichase anu acquiie lanu foi establishment of Institute, equipment
anu instiuments iequiieu foi caiiying out meuical investigation anu to euucate anu tiain
meuical stuuents, nuises, miuwives anu hospital auministiatois anu to giant such ceitificates
oi iecognitions as the company may piesciibe oi ueem fit fiom time to time anu to giant
stipenus, scholaiships oi any othei assistance monetaiy oi otheiwise to whomsoevei to
fuithei the couise meuicine anu oi meuical ieseaich.
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1S. To acquiie anu unueitake the whole oi any pait of the business piopeity anu liabilities of any
peison oi peisons oi Company, caiiying on any business which the Company is authoiiseu to
caiiy on.

16. To act as agents anuoi to entei into agieements with any uoveinment, semi uoveinment,
quasi-uoveinment oi public unueitaking oi uoveinment owneu Company oi any authoiity,
municipal oi local oi any manufactuiei, meichant anu othei that may seem beneficial to the
Company's objects anu to obtain fiom such uoveinment, authoiity oi meichants oi
manufactuiei iights, piivileges anu concessions which the Company may think uesiiable anu
caiiy out, exeicise anu comply with any aiiangements, iights, piivileges anu concessions. 1u.
To inuemnify membeis, officeis, uiiectois anu seivants of the Company against pioceeuings,
causes, uamages, claims anu uiviuenus in iespect of anything uone, oiueieu to be uone by
them foi anu in the inteiest of the Company oi foi any loss, uamages oi misfoitune which
shall happen in the execution of the uuties of theii offices in ielation theieto..

17. To invest anu ueal with the moneys of the Company by puichasing shaies of any othei
Company having object wholly oi paitly similai to that of the Company, oi caiiying on any
business which this Company is authoiizeu to caiiy on oi in such othei mannei as may fiom
time to time be ueteimineu by the Company anu to uistiibute any of the piopeities of the
Company in specie among the membeis as may be peimissible in law, in the event of its
winuing up.

18. To piomote any Company oi companies foi the puipose of acquiiing all oi any of the
piopeities, iights anu liabilities of the Company oi foi any othei puipose which may seem
uiiectly oi inuiiectly calculateu to benefit the Company

19. Subject to Section S91 to S94 of the Act, to amalgamate with any of the companies having
objects altogethei oi in pait similai those of the Company

2u. Subject to piovisions of the Banking Regulation Act, 1949 anu Section S8A anu 292 of the Act
to boiiow iaise oi secuie the payment of money oi to ieceive money on ueposit at inteiest foi
any of the puiposes of the Company, anu at such time oi times anu in such mannei as may be
thought fit anu in paiticulai by the issue of uebentuies-stock, peipetual oi otheiwise
incluuing uebentuies oi uebentuies stock, conveitible into shaies of this oi any othei
Company oi peipetual annuities anu as secuiity foi any such money so boiioweu iaiseu oi
ieceiveu oi of any such uebentuies oi uebentuie stock so issueu, to moitgage, pleuge oi
chaige the whole oi any pait of the piopeity, assets, oi ievenue anu piofits of the Company,
piesent oi futuie, incluuing its uncalleu capital, by special assignment oi to tiansfei oi convey
the same absolutely oi in tiust anu to give the lenueis powei of sale anu such othei poweis as
may seem expeuient, anu to puichase, ieueem oi pay off any such secuiities.

21. To guaiantee the payment of money unsecuieu oi secuieu by oi payable unuei oi in iespect
of piomissoiy notes, bonus, uebentuies stock, contiacts, moitgages, chaiges, obligation,
instiuments anu secuiities of any Company oi authoiity, municipal, local oi otheiwise oi any
peison whomsoevei, whethei incoipoiateu oi not anu geneially to guaiantee oi become
suiities foi the peifoimance of any contiacts oi obligations that may seem beneficial to the
Company's objects.

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22. To lenu money to such peisons oi companies anu on such teims as may seem expeuient anu
in paiticulai to customeis of anu such otheis having uealing with the Company, anu to
guaiantee the peifoimance of contiacts by any such peison oi companies.

2S. To act, impiove, manage, uevelop, exchange, lease, moitgage oi otheiwise ueal with all oi any
pait of the piopeities anu iights of the Company.

24. To manufactuie, install, supply anu lease electionics uisplay systems incluuing time uisplays
moie paiticulaily foi iacing , auveitising, banking, stock exchanges, supei maikets, tianspoit
authoiities, civil aviation, Railways anu uefence.

2S. To puichase, iun anu maintain builuing, machineiy, cianes, bull-uozeis, pile uiiveis anu such
othei items capable of being useu in any business of the Company anu to hiie anu let out such
machineiies to any peison, Company oi authoiity.

26. To sell the unueitaking of the Company oi any pait theieof foi such consiueiation as the
Company may think fit anu in paiticulai foi shaies, uebentuies, uebentuie-stock, policies oi
secuiities of any othei such Company having objects altogethei oi inpait similai to those of
this Company.

27. To open accounts with any bank oi banks oi bankeis oi shioff anu to pay into withuiaw
money fiom such account oi accounts.

28. To uiaw, make, accept, enuoise, uiscount, execute anu issue piomissoiy notes, bills of lauing,
waiiant, uebentuies anu othei negotiable oi tiansfeiable instiuments.

29. To piocuie the Company to be iegisteieu oi iecogniseu in any foieign countiy oi place.

Su. To uo all oi any of the above things as aie inciuental oi conuucive to the attainment of any oi
all of the objects mentioneu above in any pait of Inuia oi in any pait of the woilu eithei as
piincipals, agents, tiustees, contiactois oi otheiwise anu by oi thiough oi in conjunction with
tiustees, agents, sub contiactois oi otheiwise.

S1. To pay out of the funus of the Company all expenses of, anu inciuental to the foimation,
iegistiation, auveitisement anu establishment of the Company anu also all expenses
attenuing the issue of any ciiculai of notice anu the piinting, stamping, ciiculating of pioxies
anu foims to be filleu in by the membeis of the Company.

S2. To cieate any ieseive funu, insuiance funu oi any othei special funu, whethei foi
uepieciation of foi iepaiiing, insuiing, impioving, extenuing oi maintaining any piopeity of
the Company oi foi any othei such puipose conuucive to the inteiest of the Company.

SS. To make uonations, to such peisons oi institutions subject to the piovisions of Section 29S-A
of the companies Act, 19S6, in cash oi in othei assets anu in paiticulai to iemuneiate any
peison oi coipoiation intiouucing business to this Company anu to subsciibe oi guaiantee
money foi chaiitable oi benevolent objects foi any exhibition oi foi any public, geneial oi
othei objects anu to establish anu suppoit oi aiu in the establishment anu suppoit oi aiu in
the establishment anu suppoit of associations, institutions funus, tiusts, anu conveniences foi
the benefit of the employees oi ex-employees oi peisons having uealing with the Company oi
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the uepenuents, ielatives, oi the connections of such peisons anu in paiticulai fiienuly oi
othei benefit societies anu to giant pensions, allowances, giatuities anu bonuses, eithei by
way of annual payments towaius insuiance, anu to foim anu contiibute to pioviuent anu
benevolent funus of such peisons.

S4. To take up all oi any one oi moie of the above objects simultaneously oi one aftei the othei oi
to keep any one oi moie of the objects in abeyance foi any peiiou of time, if anu when
necessaiy.

SS. To caiiy on the business of iunning of taxies, buses, mini buses, tiucks anu conveyances of all
kinus anu to tianspoit passengeis, goous, commouities, livestocks, meichanuise anu to uo the
business of tianspoiteis, foiwaiuing anu tianspoiting agents, steveuoie, caimen,
whatfingeis, caigo supeiintenuents, package hanuleis anu caiting contiactois
S6. To uo all such othei things that the Company may consiuei inciuental to, oi may think
conuucive to the attainment of the above objects oi any of them.
III. 0TBER 0B}ECTS: III. 0TBER 0B}ECTS: III. 0TBER 0B}ECTS: III. 0TBER 0B}ECTS:

1. To establish anu iun in any pait of Inuia colleges oi schools wheie geneial scientific,
commeicial, Engineeiing oi any othei type of euucation be impaiteu to stuuents oially oi
thiough post on such teims anu conuitions as may be laiu uown by the Company, fiom
time to time.

2. To let out, to hiie anu to tiaue in any vehicles, vessels oi any pait theieof when not
iequiieu foi the Company's business

S. To cultivate, plant, puichase, sell, tiaue oi otheiwise ueal in foou stuffs such as wheat,
bailey, iice maize, sugaicane, sugaibeet, all kinus of giains, millets, ceieals, oil seeus,
vegetable anu flowei seeus tea, soyabean, animal feeu, coffee, coco, iubbei, jute, flex,
hemp, cotton, silk, ait giass, timbei, bamboo, stiaw, seeus, fiuits anu othei aiticles that aie
piouuce of lanu anu to caiiy on business as bakeis anu manufactuieis of anu uealeis in
bieau floui, iava, maiua, biscuits, chocolate, sweets, anu faiinaceous compounus anu
mateiial of eveiy uesciiption

4. To caiiy on business as bieweis, uistilleis, anu manufactuieis uofan meichants anu
uealeis in vinegai, acetic aciu, glucose, wines, spiiits, beeis, poitei, malt, hops, giain, meal,
yeast, aeiateu watei, caibonic aciu gas, mustaiu, pickles, sauces; conuiments of all kinus,
cocoa, coffee, pieseives anu all oi any othei commouities anu things which may be
conveniently useu oi manufactuies oi in conjunction with any of the above oi any similai
business oi manufactuieis


S. To acquiie, fiom any peison oi any souice, technical infoimation, knowhow uata,
piocesses, foimulas, techniques anu methous, engineeiing, manufactuiing anu opeiating
uata, plans, layouts, blue piints anu othei uata foi the uesign, installation, eiection anu
consultancy anu maintenance opeiation of the plant, machineiy equipment anu facilities
whatsoevei iequiieu foi attaining the main objects of the Company anu object ancillaiy to
the attainment of the main objects anu to acquiie any giant oi licence anu othei such
iights anu benefits in connection theiewith.
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6. To act as selling agents of manufactuiing companies, insuiance agents, public anu
uveitising agents anu also to pioviue specialiseu seivices in investoi ielations

7. To manage investment pools, mutuals funus, synuicate in shaies, stocks, secuiities,
financial, piomissoiy notes, bonus hunuies, coupons anu othei negotiable instiuments anu
secuiities

Iv. The liability of the membeis is limiteu.

v. The Authoiiseu Shaie Capital of the Company is Rs. S,uu,uuu.uu- (Rs. Five Lacs only)
uiviueu into Suuuu (Fifty Thousanu) Equity Shaies of Rs. 1u- (Rs. Ten only) each. The
Company has powei fiom time to time to inciease oi ieuuce the shaie capital anu to uiviue
the shaies into othei classes anu to attach theieto iespectively such piefeiential, uefeiieu,
qualifieu oi othei special iights, piivileges, conuitions oi iestiictions as may be ueteimineu
by oi in accoiuance with the Aiticles of Association of the Company.