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ell er (caa) 1511:?30-232!nclt/mb/iv1ah!2018bholn' iiil \;,\tio\;ai i n,\ i1'.-\\y...

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  • ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS
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nEFORI. TU!. ".\110\1\i. (1)!vII',\\Y 1.'\\\ TRIIlUN!Ii.. \H\III.\IIII·\OI (i',(.\..\, I.J\::\O•."] \('IT Ci' le.I ,\', IlflVi"ll (PiC,I'I; 1'1 2.\0.2.12>;('1.1'111.\\1,\112<11.;; BEFORE Tfl E !\ AT IO)\' AL COiVI PA)\'\' LA\\' TRIBUNAL \lLMBAI BENCH ell (C;\;\) 14J!230-232 1 NCLT/MB!MAI-j/:WIIi ell (C.'\;\) 144/230-23 2!NCLTlMBlrvlA H!20 I Ii er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018 Under sectiol1 the COlllpany AcL 2() 13 III the IlWllCr of \h. Oriental Conlilinns Limited .... Petitioner in CP (CAA) 14J20lX ( I" Transferor C'oml)f1l1Y) Mis, Shimai Auto Services Limited ".Pelitioner in el) (CAA) 144!201 (2"" Tnllbl'eror COlllpallY) ivls, Ol"l(on Enlt:rpriscs Limiled , .. lSI 201;'; (rmnsfcn:c Company) ()rdcr prolloUllCcd 011 : 30.07.2Cl I X Fill' lil(' P{'litioll('J's : !\Ii. NilS,'!" !\ Ii il\·i. ib. Dun !\ssocin\Cs ... ,\(\I'ocales 1'01' Ihe FOI" IhcC)I'fkinl iv'il. S:lIllosh Dnl;]\'I" C)I. /\ '1'. ,II K. Sill'!/\\ 'III. ;lh'{}1ha U) rO.\\\10N OHDER I. Ihe s(]llciOIl or this Trilllm,ll is under Secliolls 23D to 232 01' the Company ;\C1. 2[11 .10" Schcl1l<: or hy Absorption or 1'./1,s. COlltniners Limited ' ( I" 1 r'el 01 Cnnp::lIHlI'1 <111(1 (.!i./o;. Shinmi [\ ulo Company) Ivilh Orie(\ll '·.r!ul)riscs Limited rcspec!il'c shnrehol·:lers.

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Page 1: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

nEFORI TU 1101i (1)vIIY 1 TRIIlUNIi HIIIIIIImiddotOI (i( IJObull] (IT IIH11Iill~ Ci leI JJ12l(lmiddot~~CIT IlflVill 2lI~ (PiCII 11 20212gt(111111112lt11

BEFORE Tfl E ATIO) AL COiVI PA) LA TRIBUNAL lLMBAI BENCH

ell (C) 14J230-2321NCLTMBMAI-jWIIi ell (C) 144230-232NCLTlMBlrvlA H20 I Ii er (CAA) 151130-232NCLTMBIv1AH2018

Under sectiol1 23()-2~12 ~r the COlllpany AcL 2() 13

III the IlWllCr of

h Oriental Conlilinns Limited Petitioner in CP (CAA) 14J20lX

( I Transferor Coml)f1l1Y)

Mis Shimai Auto Services Limited

Pelitioner in el) (CAA) 144201 ~ (2 Tnllbleror COlllpallY)

ivls Oll(on Enltrpriscs Limiled

I~litlrll1l)rII1CPiC) lSI 201

(rmnsfcnc Company)

()rdcr prolloUllCcd 011 30072Cl I X

Fill lil( Plitioll(Js

Ii NilS Ii r~ ilmiddoti ((lCIIL~ ib Dun ssocinCs (Iocales 101 Ihe r~li(i()ller~

FOI IhcC)Ifkinl LiqllirlI()J~

ivil SlIllosh Dnl]I R~~pr(llll]lilL ~lr C)I

1 II K Sill III lh1ha U)

rO10N OHDER

I Ihe s(]llciOIl or this Trilllmll is ~)llghl under Secliolls 23D to 232 01 the Company

C1 2[11 10 Schcl1llt or fv1cr~(r hy Absorption or 11s Orit~nal COlltniners Limited

( I 1 ral1~ rel 01 CnnplIHlI1 lt111(1 (io Shinmi [ ulo

Company) Ivilh iI~ Orie(ll middotrul)riscs Limited

rcspecilc shnreholmiddotlers

BHOln IIIL TIOAI I n I1- Y 1 I TfWHM M lIB1 BEn I (I IC) jl1jmiddot232middotiCITVlfsli1l2eurolIS (I (CU lmiddoti12Ilmiddot~2middotNCITIBIHeurolls CP Ie J S I 1Jmiddot2~CL l llnImiddot H ~1I1

Tire Petitioner Companies hlvc npprovcd lhe snid Scheme or Merger by Absorption

hy passing tile 130ard Resolul iOlb and tilercCl ftcr they have lt1 ppronc1ed rhe Tribunal

for slIlction of the Scheme

The Iirst Transferor COIl1jlltlny is engaged in the business of 1111I1ufacturer of plaslic

metal caps 8 closures including crown Cps plltlstic clnsure roll oer pilfer prool

cnps (IH)PP CIJ)S) twist olTcaps [lilt i1lul11inul1l collnpsibk tubcs

cl The Second Transferor Company was cngngcd in Ihe husincs of sales and services

or TOYOtl Vehicles

) Tile Trnllsferee COIl1PlIIY is engaged ill the husiness

cilcmical products Liquiel (ol)lflilts and lrading activilies

of manuracture of petro

( rhe lcI1I1e( dvt)catc rllr lhe Petitioner Companlcs further stales tilal the Tlnnsleror

Compnllies me wholly ol1ed suilsidiaries of the Trl11sfcree Company and thus the

ll1ajor objective or the Scheme I~ consoliclation 01 businesses of the Transreror

COl11panies into 11 single entity which vmild result in the busincss activities to he

l~nrried out by nltiOl1illiing l11ultiple lIhsicliarics in the group to ensure optillli7c(1

Ic~al ciltity structurc more aligned Jlh the business by reducing the nllmher of leg)i

entities and r(olg)lliling the legal entitie~ in lilt grnUI) ~Iructure sO as 10 obtain

siglliFicltlnt cot S()ings lnl or il11plincatiol1 bcnefits Signilicanl reduction in tile

I1lllltiplicityof 1 H)d rcgulnlory compliances enable tile si1Hcholders of Ori(oll

Enterprises Limited to get direct I)arlicipation In the business or its present wholly

olled subsidiilries (being Clricilial COlltainers Limited and Shimai uto Services

Limited) Simplifi((1 group lIlll business strlcture elimination of ndministrativc

rUI1Ctions (lmimulliplc recordshy tllllS resulting in rcclucetl expenditure ancllhc

)roresaid synergistic hcneflls accruing frol11 the consoliclalinn would uitilllately

contrihute to tile future bu~il1c~s 111(1 profitability or the rnergt~d entity

7 The 1Cl1nems Illillic in the 1liliol1 ltmel the 8uhl11i~silI1S made hy the Le1IIlcd

mFOIF THl1rlOt--L COiI LAW TRIBlN IL MU~IlMI BENCH (I leAA1 141 Omiddot212 i NCLT--UPIAII2111 X Cp (C- i 144i2O3iNCLTmiddotM BlM 11101 ~ Cfgt ((Aill lSI 21(jmiddot212 NCITi1 [hIAlI21l I~

11) lhe Regional Director has Filed his Jcpon staling therein thaI save and except

as slated in pamgraph IV (n) to (fl it appears that the Scheme is 110t prejudicial

[0 the interest of -hareholdcrs and public In IJaragraph IV of the said Affidavit

rhe Regional Director Iws stated thaI

If 71w oJsermlioll oflhe Regiollol Dircclor on Ihe proposed Schel( to

be considered b1 flk HOIl ble VeLT are Wi IIIdcI

(a) III llcldillOll 10 ColllpliollCt 5middot14 (IND AmiddotI(3)the Tr(lllsil(e

Compaly Silu silch ((COlllllillg ellries which Jre IICCeSS(frl ill

cOlllectioll 1itll liIe scheme 10 COllp~l 1111t other applicahle ACCOllllil1g

SI(lld(J( 11(11 (IS IS-5rIAJ A)8) cle

(1)) As pCI Clouse 11) O(Jil1iliol1s of Ihl scheme Appoinled D(Je

IilcmlS 1111111120 7 or slIch olher dOle as lite lVoliollol COilpmI Lal

Tiibullol (leL n AiulII)Ji IiI direct wltich sholl be Ihe dole wilh effeci

FOil which Ihis Schelle shall fJecoIJi ereclilc 011(1 itll efleel j())

Ilhich 001( II 11111111101 COIll)llies shall m II Ig(l Il101( Hillt

h(Iilic ColllpallY ill lerlllS 0 Ihe ScIellle I1JOII Ihe order

s(lllctioning Ihis schelle lee-ollling eficli)c III Ihis Iegord il is

slIbmillcd il lerms oj pm)iliolls (~r sectiol 232fo)of Compolies

icl20t il siloliid he Aprilt2017

(e) As (g(rds CrlSl 7 0 tlte SIWIIIC IIcr((lsei cOlsolidolioll 01

lllIltoricd shore (pillln Ihe Jrollskrec COIIIIWIIl lllrI

COll1pmy slwll he il1 (lccorroll(( IIi] Ihe j)lorisiol1s tf

Seclioll 232(3)(1) orfte COll1pullies ic2013

(( 771( hOlserce ((IIIIill is a Pllblic CompolIY (1(1 ils shores ore

lisler 01 I3SI Lillnl(( (11)(1 NOIiollol s()ck xclOngc oflndia Lillliled

Imrenr Ihe rr(j)I~ere( (Ollpolly n()1 oblain No ObicClioll

Cerfificate [ion (he resJcelive Sloek Exchollges This is lot illOIIlIldW olllls 1-1011 hie N( L T

IJlcHf~E Til ITIOmiddotII laquo()IfY LA TRllll)AL WlflAIIlIiCII

(I (ey11 IUmiddot~1II23CI Tljfl IMIclllx

cP(CII-l~ (12l2middot(TTI1BIIIII ~1I1 (I e IIi 1lt 1 21I2-~ middotCU Hi 11111 2111

Applicorioll Olio (he Ieell cllclosed 10 IIII COlipOII Pelilioll orc olle

(V sOllie (llIti 11eilt is 1If) dinCfllllC 01 tllTiofioll

(f) Pcliliollcr iii Ihe (1111i 110 518 hilS illler olill 1II(lIliollell Ih1 III

eose there is 0111 dilfercnce ill Ihe OCCOlllllillg policies (ldopted hr Ihe

Tiollsi()r ((III(lIlis llId Ih iollsi(c COIIII)OI Ihe iCCOllllillg

policies [i)llollcd br Ihe ImllliI(( compoll will 1(Ioil olld Ihe

lIij(rcllc( lIill he 1lllIlIlfied Olle odilsled ill the csen( () 1111111( Ihol

flleillollciol Slu1l1I1C1I1 ne (roilscree COlipOI releci III(ill(Ilciol

POSilioll Oil 1171 los is o(Cf)lSilelll (lecollltillg pOlitT

c) AplOl)OS tile ohservnlion o111l Iegionnl Director lt1 --tillcd in I)lrlgrapll IV (il)

nl hi~ i rliillvil i~ C()llcCJJlcd Ihc PctitiollCl Trltlllsicrec COlllpallY lIll(lennke~ to

pass nccolillting cntrics in COllll)lianee with ccolillting S[ltll1ciml IS14 ( IN)

AS - 1(3) or oillcr 1tpplicnhlc ccollilling Standard slich as S-5 (IND AS -~)

ele

til Apropos the ohservHlion or the Regional Direclm as ~tnt(d in pi1r-1gJi1ph IV (h)

(li his frielill I I is concernecl the [)etilionC1 COIl11)1I1ies 1I11(lerlnl~c thill 111e

111pointeci cI~11C under Cli111se 112 of the Schel1le will be 1[ AI)ril 2017 ilnd in

terll1~ of Ihc pn)isi()n~ or Scclion 232(6) of Ihc COI111)(1I1ie~ CI 2() 13 the

scllCll1e Viii be given elllcl [rom I April 2() 17 j(wlllingly

c) llrCI)() lhe OhSlJillioll l)f the Regional Director lS stltlwli ill I)illagrnph IV (e)

01 his Affidavit is cOllcerned the Iletilioner Co11111anics undertake that the

IncrcilsciCmiddotOllSoli(llIioll or illllllOrized sllarc capiti11 01 the Transferee CompililY

ami eels plyahle I) 1he Trnnsrcree COlllpnny as provielcd ill el1l1se 17 of Ihc

Sehel11e shnll he COIl1I)licd by [he TrltlI1sfcree COIllJ1ilIlY ill nCCOrdil1Ce Ivilh the

provision ofSccton232))(i) oCthe Companics ct 2013

I) propos rile oilscrvnliol1 01 Ih~ Rcgionill Director as sliliell in pilrilgrilph I V (el)

olhis AITicli1lii is c()llcelJlcd il is suilJ1lil1ed thnt the pn1lisinJ1s ofSEBI Circlilar

No CFDIDI L3CI Ri2ll I 7 I dalcd I ()Ih March 21) 17 shall n(t apply to ScheJ1les

which solel~1 1)Jc)idcs fell Illcrgel of fl wholly owned subsidiary with tile Parent

COll1pilllV anci rcfcl(J1cC is l11illle to the SEBI (LODIU (iI1lCncill1el ~]j3dPn~ r x - ~f) ~jgt~

~ Il~ILI COI T 201 7 wherehy he Suh-Regulation (6) to Regulillion J7 1~teItC(~IIlt~~

TIlIlsferol COJl1I)llics Ie IIholly ()lllc(1 subsidiaries or the rl~W~~r(~-Ci~r-(~~~ gt ~jy 2ll) I

ConJ)illlY Ilowcycr the lrilnsklee COJ1lpany as per Ihe I tJifiinP~~(~j(SEB~ ~) I~ - -i2 ~i ~I ht7[ ~) l j ~I

ltpound~~~~ ~~ _ ~~ ~lt~~~1lgt ~-~-~~~

nFr)IUII I - IIII (1) 11 Y LAW TRIIll I It I BmiddotI 111(11

CP 1C-11middot11 2111middotc1c n-I Ill 1middot11 ~II (I fCmiddot) 1middot14middot~Hlmiddot2-2 (11 HJ 1-11 21Is CI() ISImiddot2()middotL~2 CllILlmiddotImiddotl12ilIS

Circulm No Cfl)DIL3ClR2017l 21 dated 10h March 2017 hns filed drnft

Schcllle with nSF Lil11ilelti lIcl National Stock Exelwnge 01 India Limited (NSE)

011 2ltllh Novemher 2() 17 lIld 24h November 2017 reSI)eetively (lnci copies of tile

cknowleclgclllcns rcclivcl irom nSE Limited mel N]tionill Stock Excilnnge

of Indi3 Limitemiddot1 (NSl-) (Ire alreacly annexed IS hllihilS- J( 8 C to the

Petition 11) thl lrlnicree COmpall) llled heli)Il this Iollble lrihLlnltl1 Icl Ille

~ale hilS heen ciisClllin(lteci hy nSf Limited lt111(1 NSE 011 their vehsitcs Further

IS pCI lhe Orcin clillerl 1~lh Iunrv 20 I g Pilsslcl hy tile NeLl 13cncll ivlulllliai

the I)ditioller lrIsielle COlllpilny hilS selCclupon the nSF Limited i1umlli

anci N1lion31 SLIck Fgtchltlnge or Indi8 Limited (NSE) on 25 11gt day or Ianumy

2() 18 the notice to)elher with copy or the Scheille 01 illlalg(Jll(lIion

respcctively iH)WVer thcll is no ohscrvltion rcccivc(1 1[OIIl cit her NSI~ or BS[

g) ipropo~ till nh~cnlti()n 01 the Rcgionnl Director as ~tate(1 ill pnragrnpll IV (el

or Ilis Ilidwit is cOllcellcd Ihe Pet itioncl COIllPilllY unclcrtakes (Icl conrillllS

thll the Schcme cnclosed tn the COJll1lIlY lll)lication and the Schemc cncloscd

to the COIllIIlY Petition is one lId same ltlml tlllre is IlO discrcpnney or

h) propos Ihr~ llhcillion oithe Rcgioni11 Director as stlted in parclgnlph IV (f) of

his J Iliclncit is concerllLti tll( 11etitioJ)cr CompnllY suhmits ltllld undertakes tll(l

in CltlC thrc i~ ltlily diflercnce in the accounting jlolicies adopteel hl the

Trlnsferor C()lllpIic~ llld the Trmslclcc COIlmy the 1CcoullIing policies

1oJlowcd hy the lrclllsicrCl cOJpnny will preail 11lt1 tile ditTclcnce will he

qumliliccl nel lc1jllstecl ill Ille Reserves lo ensure thnt the financial SIltCIlCllls or the Trflnsfcrce Clllll)lIlY rcllcct the I~nancial I)o~itiol on the basis of consistent

accounting pulicy

i) Il is also ~lile(1 tll Ille Orticinl Liquidllor lins lilccl its report stnting tllill Ihe

Scheme i IH)t prejlldiil to the interest of the Puhlic Consequcntly the

Trlilsferor COlrplJlics Illly onlered to be dissolvecJ witllOul win(ling-up

jl It is ltIbn Slated thilt 10 ohjcctor hns illprolched neither to

hefore this Trihunallo nppllSl lhe Scheme

Bf-FOIU IIIL 1101 (0111 L TRill 1 Il-Illl 111(11

CP Ie I 111311middot212 (LT 1 H112(11) (1 le-II 142lt(I-212NCLTBMI12111i cr CmiddotII I I I -2~ NCIrllWl 11 2i I

A Froll1 Ille material 011 Imiddotccnrd the SCI1Cllll or tV1eIgeJ hy Ah-orption nppCclrs 10 be fnil

and rea~onnble and is 11tH 1lolalilC or 1111 provisions of law ami is not cOlltlltlry to

]luhlic policy And htIlhy tlls hCl1eh to he PetitiOIlCl Company do Order thal

(l) All tile liahilities incudill) tlXC and charges if any and duties of the

Transferor COl11pclllitS 1]lt11 pursuant to S 232 of tilt Company Act 2013 he

trilnsferredlO find hecome Jl( li(1bilitics and dUlies of the Transferee COI11j)(]IlY

b) The clari 11clt1tiol1 11(1 urdertakings givel1 by Ille tellmed COlll1~el ror the

Pditionersfo 1ile obs~nal ()I1S l11i1dc in the Report oj I Ill Regionll Director Ire

considered by IllS Bench lIlll those are helchy Mcepled Subsequently this

ilellel) herehy dirLct~ llliliDllers to comply with tilo provisiollshlatements which

Ill( Petirioners llIHkrtlke~ Illlellmiddotl

c) Since both the Tral1~fOr C(lIl1Jl1nies illC wholly mllH~d ubsidinries oj the

Tnlll(eree COlllpUIl qllc-gttiOl1 of kcuullce or shares aner this SChCllll

bccomes elTeclivc does no arise Consequently the sl1l11cS held by the

Transferee (011111111gt in the Transferor Company shall Slilllcl cill1ctlled

eI) The Trnllieror C(l111p1IIie~ shall be dissolved without Winding-up

el The Petitioner (0I1111Ii( to lodge a copy of this Older and tile Scheme duly

nulllcllIICllcd by the lljlill Direclor or tlllt i~sislalll R(~gi~lr(1r as the eilse 1l11l1

hl~ Natlol1al COl11jlall Iil llihullflL ivlulllhl BelIch wilh lile cOllcerned

Superintendelll of SjI1lP~ rOtmiddot the purpose of adjudicatiol1 of stamp duty payable

j I ltlilY 011 the sal1e witlill 60 dnys from the date or receipt or tile order

f) Petitioner COI11Ial1ie~ )1( direcled to file il ccnifled copy of this order along willi

a cupy of the SclHnL~ witl the (~()nccll1ed Registrar 01 Company electronically

]Iong with F-folill INC 21 in l(ldition In lil( physical copy within 30 days 110111

the dnte or issuamc of tlk order the Regi~lrv duly eniflcd hy the DCI)uty

Director 01 the tSsi-Imt Registrar as Ihe case mily be Notional COlllllllY Lm

Tribunal MUll1bai Iieneh

p The r)ctitioncr COIlUHllics to p3y costs of ( 25O()()- to the

Western Regioll ivlllnhm The cost is to he paid within

diH~~ of the nceilmiddotl 01 Urlkr

middot 13FrORE TIlE N1OltAUUlP Ilt LAW nWHiAI IDlllAI BENCH CP (C f I I c2111middotJCIPmiddot1 fJi1 middotH ~1l1 ~ CP 1( I 14middotjmiddot21lmiddot232rNCITM [HIII 201 N CPICAA I~I flmiddot~2middotNCLTMBmiddotM-1l2ol

h) lileTnlilsferor Companies (ie Petitioner in cr (CAA) 14]12018 and CP

(CAA) 1442(18) to pay costs of ~ 25()()()- to the Official Liquidator Mumbai

The cost is to be paid within rowweeks from the date 01 the receipt orOrder

i) All authorities concerned to act on n certified copy of this order along with

Scheme duly certified by the Deputy Director or tile Assistant Registrar as the

case may be N1tional Company Law Trihunal MUl11bai Bench

i) Any person interested ~hall he ilt liberty to apply to the Tribunnl in the above

matter for any (irection that lllay be necessary

k) AllY concell1cd fllthorily (ie RD RoC ()L income Tax Authority ele) is at

liberty to approach tilis IkllCi1 for any clarificiltiondirecliolls uncleI this Scheme

I) The sanctioning of this Schelllt bhallnol deter ilny concerned Allfilorily (ie RD

l~oC OL Illcome Tax Authorily ele) lrom i1s~essing transnctions arlsing out 01

Ihi~ SdlCI1lC if need he

111 The Scheme is sl1llctioned hereby and tile nppointed dnte of lhe Scheme is fixed

as pI April 20J7

9 Ordered lccortiingly To be consigned to Records

sol Dated 30071018 M rc SHRAVAT

MEMBER (JUDICIAL)

hSS~S(dl~L~-l~~ltgtltegt lt1 (t

National Cempany Law Tribunal Mumbai Bench

SCHEMBltOFAMALGAMATION UNDERSECTIONS lt230T0232 AND OTHERAPBLICABLE PROVISIONS OF

THE COMPANIES ACT2013

OF

QRIENTALCONTAINERSLIMITED (Th~FitstTral1SferorCompany)

AND

SSINl~AlAUTO SERVICES LIMITED (TheSec~ndTrlt)nsferorCompany)

WITH

OlUGONIlNTrRPRISES LIMITED (The Transferee Company)

AND

IlrlElRmiddotSBAREHOLDERS

middot SGHEMEOFAMALGAMATION

A Purpose oftheSchel11e

This Sqhemepf ArnalgamCtiQnispre~entedunderSections 230 to 232 and other apllicable provisions ifany of theiqoinpani~s Act 2013poundorbull amalgaIJlCtionof ORlENTAL ltONTAINERSIIMITEP(the First TransferormiddotCornpany) middotand SHINRAltlJTObull sectERYIC~~LXMrrEP bull ~theSecondTrCnsferor Cornpany) with ORICONENJEIPRISijSLMITEP(theTtansfereemiddotCompapy)andthedissolution of theTransferorCompanieswithout~dn4ingup

B Dcscriptiol1ofCompanies

11 011cunEntelp1ises(OEVktheTrmsfereeCompany

The COmpany was incorpoli)te1as a private Limited company under the Cqmpanies AGti1956onmiddot7th()~clmlu~~1968inthe nanlltr of middotOliental Contai11elS PrivateLimite~ip tlieStQteopoundMaharaslitlaTh(lpampme of the TronlfereeCompany WaS changeqpoundrornOrientalC0lltaine+~rrivate Litl1itedto Odental Containers Lil11ited by deleting thewQrd privatdLtrbm itgt name ampndobt~ined a fmh certificate QpoundinGOrp9rationdllteti31~tMfttcha970Jromthe Regis~rarofCompanies Maharashtra MumbaiThenameoithelntnsferte Company waschanged to its preselt name ie OriconEnteJPlisestirnitedqndobtainaJresh certificate of incorporation dated2ncMayl 2006 consequent onchange of name Jrom the Registrar ot Companies Maharas11traMUl11bai

The main qbjectdausesoftheMemqranduroof Associltion of the Transferee Cornpanyanthorize the Tr~nsfereeCompany

bull To manufacture exportimportpuysellanddecUintin ltanscontainersinc1uding boxes and tubes bottles tin tops ind]ldiIlgthose knoWr as~CrownCorks and any other articled qIld tight pressed metal articles of anymiddotmiddotkind and descriptions whatsoever

bull To carry Qn~ll and any ofthemiddotbusinesses as designers and decorators of and embosserspajntersprintersqnd lithographers middot0pound and exporters importers

2

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

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x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

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NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

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- - -

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bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 2: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

BHOln IIIL TIOAI I n I1- Y 1 I TfWHM M lIB1 BEn I (I IC) jl1jmiddot232middotiCITVlfsli1l2eurolIS (I (CU lmiddoti12Ilmiddot~2middotNCITIBIHeurolls CP Ie J S I 1Jmiddot2~CL l llnImiddot H ~1I1

Tire Petitioner Companies hlvc npprovcd lhe snid Scheme or Merger by Absorption

hy passing tile 130ard Resolul iOlb and tilercCl ftcr they have lt1 ppronc1ed rhe Tribunal

for slIlction of the Scheme

The Iirst Transferor COIl1jlltlny is engaged in the business of 1111I1ufacturer of plaslic

metal caps 8 closures including crown Cps plltlstic clnsure roll oer pilfer prool

cnps (IH)PP CIJ)S) twist olTcaps [lilt i1lul11inul1l collnpsibk tubcs

cl The Second Transferor Company was cngngcd in Ihe husincs of sales and services

or TOYOtl Vehicles

) Tile Trnllsferee COIl1PlIIY is engaged ill the husiness

cilcmical products Liquiel (ol)lflilts and lrading activilies

of manuracture of petro

( rhe lcI1I1e( dvt)catc rllr lhe Petitioner Companlcs further stales tilal the Tlnnsleror

Compnllies me wholly ol1ed suilsidiaries of the Trl11sfcree Company and thus the

ll1ajor objective or the Scheme I~ consoliclation 01 businesses of the Transreror

COl11panies into 11 single entity which vmild result in the busincss activities to he

l~nrried out by nltiOl1illiing l11ultiple lIhsicliarics in the group to ensure optillli7c(1

Ic~al ciltity structurc more aligned Jlh the business by reducing the nllmher of leg)i

entities and r(olg)lliling the legal entitie~ in lilt grnUI) ~Iructure sO as 10 obtain

siglliFicltlnt cot S()ings lnl or il11plincatiol1 bcnefits Signilicanl reduction in tile

I1lllltiplicityof 1 H)d rcgulnlory compliances enable tile si1Hcholders of Ori(oll

Enterprises Limited to get direct I)arlicipation In the business or its present wholly

olled subsidiilries (being Clricilial COlltainers Limited and Shimai uto Services

Limited) Simplifi((1 group lIlll business strlcture elimination of ndministrativc

rUI1Ctions (lmimulliplc recordshy tllllS resulting in rcclucetl expenditure ancllhc

)roresaid synergistic hcneflls accruing frol11 the consoliclalinn would uitilllately

contrihute to tile future bu~il1c~s 111(1 profitability or the rnergt~d entity

7 The 1Cl1nems Illillic in the 1liliol1 ltmel the 8uhl11i~silI1S made hy the Le1IIlcd

mFOIF THl1rlOt--L COiI LAW TRIBlN IL MU~IlMI BENCH (I leAA1 141 Omiddot212 i NCLT--UPIAII2111 X Cp (C- i 144i2O3iNCLTmiddotM BlM 11101 ~ Cfgt ((Aill lSI 21(jmiddot212 NCITi1 [hIAlI21l I~

11) lhe Regional Director has Filed his Jcpon staling therein thaI save and except

as slated in pamgraph IV (n) to (fl it appears that the Scheme is 110t prejudicial

[0 the interest of -hareholdcrs and public In IJaragraph IV of the said Affidavit

rhe Regional Director Iws stated thaI

If 71w oJsermlioll oflhe Regiollol Dircclor on Ihe proposed Schel( to

be considered b1 flk HOIl ble VeLT are Wi IIIdcI

(a) III llcldillOll 10 ColllpliollCt 5middot14 (IND AmiddotI(3)the Tr(lllsil(e

Compaly Silu silch ((COlllllillg ellries which Jre IICCeSS(frl ill

cOlllectioll 1itll liIe scheme 10 COllp~l 1111t other applicahle ACCOllllil1g

SI(lld(J( 11(11 (IS IS-5rIAJ A)8) cle

(1)) As pCI Clouse 11) O(Jil1iliol1s of Ihl scheme Appoinled D(Je

IilcmlS 1111111120 7 or slIch olher dOle as lite lVoliollol COilpmI Lal

Tiibullol (leL n AiulII)Ji IiI direct wltich sholl be Ihe dole wilh effeci

FOil which Ihis Schelle shall fJecoIJi ereclilc 011(1 itll efleel j())

Ilhich 001( II 11111111101 COIll)llies shall m II Ig(l Il101( Hillt

h(Iilic ColllpallY ill lerlllS 0 Ihe ScIellle I1JOII Ihe order

s(lllctioning Ihis schelle lee-ollling eficli)c III Ihis Iegord il is

slIbmillcd il lerms oj pm)iliolls (~r sectiol 232fo)of Compolies

icl20t il siloliid he Aprilt2017

(e) As (g(rds CrlSl 7 0 tlte SIWIIIC IIcr((lsei cOlsolidolioll 01

lllIltoricd shore (pillln Ihe Jrollskrec COIIIIWIIl lllrI

COll1pmy slwll he il1 (lccorroll(( IIi] Ihe j)lorisiol1s tf

Seclioll 232(3)(1) orfte COll1pullies ic2013

(( 771( hOlserce ((IIIIill is a Pllblic CompolIY (1(1 ils shores ore

lisler 01 I3SI Lillnl(( (11)(1 NOIiollol s()ck xclOngc oflndia Lillliled

Imrenr Ihe rr(j)I~ere( (Ollpolly n()1 oblain No ObicClioll

Cerfificate [ion (he resJcelive Sloek Exchollges This is lot illOIIlIldW olllls 1-1011 hie N( L T

IJlcHf~E Til ITIOmiddotII laquo()IfY LA TRllll)AL WlflAIIlIiCII

(I (ey11 IUmiddot~1II23CI Tljfl IMIclllx

cP(CII-l~ (12l2middot(TTI1BIIIII ~1I1 (I e IIi 1lt 1 21I2-~ middotCU Hi 11111 2111

Applicorioll Olio (he Ieell cllclosed 10 IIII COlipOII Pelilioll orc olle

(V sOllie (llIti 11eilt is 1If) dinCfllllC 01 tllTiofioll

(f) Pcliliollcr iii Ihe (1111i 110 518 hilS illler olill 1II(lIliollell Ih1 III

eose there is 0111 dilfercnce ill Ihe OCCOlllllillg policies (ldopted hr Ihe

Tiollsi()r ((III(lIlis llId Ih iollsi(c COIIII)OI Ihe iCCOllllillg

policies [i)llollcd br Ihe ImllliI(( compoll will 1(Ioil olld Ihe

lIij(rcllc( lIill he 1lllIlIlfied Olle odilsled ill the csen( () 1111111( Ihol

flleillollciol Slu1l1I1C1I1 ne (roilscree COlipOI releci III(ill(Ilciol

POSilioll Oil 1171 los is o(Cf)lSilelll (lecollltillg pOlitT

c) AplOl)OS tile ohservnlion o111l Iegionnl Director lt1 --tillcd in I)lrlgrapll IV (il)

nl hi~ i rliillvil i~ C()llcCJJlcd Ihc PctitiollCl Trltlllsicrec COlllpallY lIll(lennke~ to

pass nccolillting cntrics in COllll)lianee with ccolillting S[ltll1ciml IS14 ( IN)

AS - 1(3) or oillcr 1tpplicnhlc ccollilling Standard slich as S-5 (IND AS -~)

ele

til Apropos the ohservHlion or the Regional Direclm as ~tnt(d in pi1r-1gJi1ph IV (h)

(li his frielill I I is concernecl the [)etilionC1 COIl11)1I1ies 1I11(lerlnl~c thill 111e

111pointeci cI~11C under Cli111se 112 of the Schel1le will be 1[ AI)ril 2017 ilnd in

terll1~ of Ihc pn)isi()n~ or Scclion 232(6) of Ihc COI111)(1I1ie~ CI 2() 13 the

scllCll1e Viii be given elllcl [rom I April 2() 17 j(wlllingly

c) llrCI)() lhe OhSlJillioll l)f the Regional Director lS stltlwli ill I)illagrnph IV (e)

01 his Affidavit is cOllcerned the Iletilioner Co11111anics undertake that the

IncrcilsciCmiddotOllSoli(llIioll or illllllOrized sllarc capiti11 01 the Transferee CompililY

ami eels plyahle I) 1he Trnnsrcree COlllpnny as provielcd ill el1l1se 17 of Ihc

Sehel11e shnll he COIl1I)licd by [he TrltlI1sfcree COIllJ1ilIlY ill nCCOrdil1Ce Ivilh the

provision ofSccton232))(i) oCthe Companics ct 2013

I) propos rile oilscrvnliol1 01 Ih~ Rcgionill Director as sliliell in pilrilgrilph I V (el)

olhis AITicli1lii is c()llcelJlcd il is suilJ1lil1ed thnt the pn1lisinJ1s ofSEBI Circlilar

No CFDIDI L3CI Ri2ll I 7 I dalcd I ()Ih March 21) 17 shall n(t apply to ScheJ1les

which solel~1 1)Jc)idcs fell Illcrgel of fl wholly owned subsidiary with tile Parent

COll1pilllV anci rcfcl(J1cC is l11illle to the SEBI (LODIU (iI1lCncill1el ~]j3dPn~ r x - ~f) ~jgt~

~ Il~ILI COI T 201 7 wherehy he Suh-Regulation (6) to Regulillion J7 1~teItC(~IIlt~~

TIlIlsferol COJl1I)llics Ie IIholly ()lllc(1 subsidiaries or the rl~W~~r(~-Ci~r-(~~~ gt ~jy 2ll) I

ConJ)illlY Ilowcycr the lrilnsklee COJ1lpany as per Ihe I tJifiinP~~(~j(SEB~ ~) I~ - -i2 ~i ~I ht7[ ~) l j ~I

ltpound~~~~ ~~ _ ~~ ~lt~~~1lgt ~-~-~~~

nFr)IUII I - IIII (1) 11 Y LAW TRIIll I It I BmiddotI 111(11

CP 1C-11middot11 2111middotc1c n-I Ill 1middot11 ~II (I fCmiddot) 1middot14middot~Hlmiddot2-2 (11 HJ 1-11 21Is CI() ISImiddot2()middotL~2 CllILlmiddotImiddotl12ilIS

Circulm No Cfl)DIL3ClR2017l 21 dated 10h March 2017 hns filed drnft

Schcllle with nSF Lil11ilelti lIcl National Stock Exelwnge 01 India Limited (NSE)

011 2ltllh Novemher 2() 17 lIld 24h November 2017 reSI)eetively (lnci copies of tile

cknowleclgclllcns rcclivcl irom nSE Limited mel N]tionill Stock Excilnnge

of Indi3 Limitemiddot1 (NSl-) (Ire alreacly annexed IS hllihilS- J( 8 C to the

Petition 11) thl lrlnicree COmpall) llled heli)Il this Iollble lrihLlnltl1 Icl Ille

~ale hilS heen ciisClllin(lteci hy nSf Limited lt111(1 NSE 011 their vehsitcs Further

IS pCI lhe Orcin clillerl 1~lh Iunrv 20 I g Pilsslcl hy tile NeLl 13cncll ivlulllliai

the I)ditioller lrIsielle COlllpilny hilS selCclupon the nSF Limited i1umlli

anci N1lion31 SLIck Fgtchltlnge or Indi8 Limited (NSE) on 25 11gt day or Ianumy

2() 18 the notice to)elher with copy or the Scheille 01 illlalg(Jll(lIion

respcctively iH)WVer thcll is no ohscrvltion rcccivc(1 1[OIIl cit her NSI~ or BS[

g) ipropo~ till nh~cnlti()n 01 the Rcgionnl Director as ~tate(1 ill pnragrnpll IV (el

or Ilis Ilidwit is cOllcellcd Ihe Pet itioncl COIllPilllY unclcrtakes (Icl conrillllS

thll the Schcme cnclosed tn the COJll1lIlY lll)lication and the Schemc cncloscd

to the COIllIIlY Petition is one lId same ltlml tlllre is IlO discrcpnney or

h) propos Ihr~ llhcillion oithe Rcgioni11 Director as stlted in parclgnlph IV (f) of

his J Iliclncit is concerllLti tll( 11etitioJ)cr CompnllY suhmits ltllld undertakes tll(l

in CltlC thrc i~ ltlily diflercnce in the accounting jlolicies adopteel hl the

Trlnsferor C()lllpIic~ llld the Trmslclcc COIlmy the 1CcoullIing policies

1oJlowcd hy the lrclllsicrCl cOJpnny will preail 11lt1 tile ditTclcnce will he

qumliliccl nel lc1jllstecl ill Ille Reserves lo ensure thnt the financial SIltCIlCllls or the Trflnsfcrce Clllll)lIlY rcllcct the I~nancial I)o~itiol on the basis of consistent

accounting pulicy

i) Il is also ~lile(1 tll Ille Orticinl Liquidllor lins lilccl its report stnting tllill Ihe

Scheme i IH)t prejlldiil to the interest of the Puhlic Consequcntly the

Trlilsferor COlrplJlics Illly onlered to be dissolvecJ witllOul win(ling-up

jl It is ltIbn Slated thilt 10 ohjcctor hns illprolched neither to

hefore this Trihunallo nppllSl lhe Scheme

Bf-FOIU IIIL 1101 (0111 L TRill 1 Il-Illl 111(11

CP Ie I 111311middot212 (LT 1 H112(11) (1 le-II 142lt(I-212NCLTBMI12111i cr CmiddotII I I I -2~ NCIrllWl 11 2i I

A Froll1 Ille material 011 Imiddotccnrd the SCI1Cllll or tV1eIgeJ hy Ah-orption nppCclrs 10 be fnil

and rea~onnble and is 11tH 1lolalilC or 1111 provisions of law ami is not cOlltlltlry to

]luhlic policy And htIlhy tlls hCl1eh to he PetitiOIlCl Company do Order thal

(l) All tile liahilities incudill) tlXC and charges if any and duties of the

Transferor COl11pclllitS 1]lt11 pursuant to S 232 of tilt Company Act 2013 he

trilnsferredlO find hecome Jl( li(1bilitics and dUlies of the Transferee COI11j)(]IlY

b) The clari 11clt1tiol1 11(1 urdertakings givel1 by Ille tellmed COlll1~el ror the

Pditionersfo 1ile obs~nal ()I1S l11i1dc in the Report oj I Ill Regionll Director Ire

considered by IllS Bench lIlll those are helchy Mcepled Subsequently this

ilellel) herehy dirLct~ llliliDllers to comply with tilo provisiollshlatements which

Ill( Petirioners llIHkrtlke~ Illlellmiddotl

c) Since both the Tral1~fOr C(lIl1Jl1nies illC wholly mllH~d ubsidinries oj the

Tnlll(eree COlllpUIl qllc-gttiOl1 of kcuullce or shares aner this SChCllll

bccomes elTeclivc does no arise Consequently the sl1l11cS held by the

Transferee (011111111gt in the Transferor Company shall Slilllcl cill1ctlled

eI) The Trnllieror C(l111p1IIie~ shall be dissolved without Winding-up

el The Petitioner (0I1111Ii( to lodge a copy of this Older and tile Scheme duly

nulllcllIICllcd by the lljlill Direclor or tlllt i~sislalll R(~gi~lr(1r as the eilse 1l11l1

hl~ Natlol1al COl11jlall Iil llihullflL ivlulllhl BelIch wilh lile cOllcerned

Superintendelll of SjI1lP~ rOtmiddot the purpose of adjudicatiol1 of stamp duty payable

j I ltlilY 011 the sal1e witlill 60 dnys from the date or receipt or tile order

f) Petitioner COI11Ial1ie~ )1( direcled to file il ccnifled copy of this order along willi

a cupy of the SclHnL~ witl the (~()nccll1ed Registrar 01 Company electronically

]Iong with F-folill INC 21 in l(ldition In lil( physical copy within 30 days 110111

the dnte or issuamc of tlk order the Regi~lrv duly eniflcd hy the DCI)uty

Director 01 the tSsi-Imt Registrar as Ihe case mily be Notional COlllllllY Lm

Tribunal MUll1bai Iieneh

p The r)ctitioncr COIlUHllics to p3y costs of ( 25O()()- to the

Western Regioll ivlllnhm The cost is to he paid within

diH~~ of the nceilmiddotl 01 Urlkr

middot 13FrORE TIlE N1OltAUUlP Ilt LAW nWHiAI IDlllAI BENCH CP (C f I I c2111middotJCIPmiddot1 fJi1 middotH ~1l1 ~ CP 1( I 14middotjmiddot21lmiddot232rNCITM [HIII 201 N CPICAA I~I flmiddot~2middotNCLTMBmiddotM-1l2ol

h) lileTnlilsferor Companies (ie Petitioner in cr (CAA) 14]12018 and CP

(CAA) 1442(18) to pay costs of ~ 25()()()- to the Official Liquidator Mumbai

The cost is to be paid within rowweeks from the date 01 the receipt orOrder

i) All authorities concerned to act on n certified copy of this order along with

Scheme duly certified by the Deputy Director or tile Assistant Registrar as the

case may be N1tional Company Law Trihunal MUl11bai Bench

i) Any person interested ~hall he ilt liberty to apply to the Tribunnl in the above

matter for any (irection that lllay be necessary

k) AllY concell1cd fllthorily (ie RD RoC ()L income Tax Authority ele) is at

liberty to approach tilis IkllCi1 for any clarificiltiondirecliolls uncleI this Scheme

I) The sanctioning of this Schelllt bhallnol deter ilny concerned Allfilorily (ie RD

l~oC OL Illcome Tax Authorily ele) lrom i1s~essing transnctions arlsing out 01

Ihi~ SdlCI1lC if need he

111 The Scheme is sl1llctioned hereby and tile nppointed dnte of lhe Scheme is fixed

as pI April 20J7

9 Ordered lccortiingly To be consigned to Records

sol Dated 30071018 M rc SHRAVAT

MEMBER (JUDICIAL)

hSS~S(dl~L~-l~~ltgtltegt lt1 (t

National Cempany Law Tribunal Mumbai Bench

SCHEMBltOFAMALGAMATION UNDERSECTIONS lt230T0232 AND OTHERAPBLICABLE PROVISIONS OF

THE COMPANIES ACT2013

OF

QRIENTALCONTAINERSLIMITED (Th~FitstTral1SferorCompany)

AND

SSINl~AlAUTO SERVICES LIMITED (TheSec~ndTrlt)nsferorCompany)

WITH

OlUGONIlNTrRPRISES LIMITED (The Transferee Company)

AND

IlrlElRmiddotSBAREHOLDERS

middot SGHEMEOFAMALGAMATION

A Purpose oftheSchel11e

This Sqhemepf ArnalgamCtiQnispre~entedunderSections 230 to 232 and other apllicable provisions ifany of theiqoinpani~s Act 2013poundorbull amalgaIJlCtionof ORlENTAL ltONTAINERSIIMITEP(the First TransferormiddotCornpany) middotand SHINRAltlJTObull sectERYIC~~LXMrrEP bull ~theSecondTrCnsferor Cornpany) with ORICONENJEIPRISijSLMITEP(theTtansfereemiddotCompapy)andthedissolution of theTransferorCompanieswithout~dn4ingup

B Dcscriptiol1ofCompanies

11 011cunEntelp1ises(OEVktheTrmsfereeCompany

The COmpany was incorpoli)te1as a private Limited company under the Cqmpanies AGti1956onmiddot7th()~clmlu~~1968inthe nanlltr of middotOliental Contai11elS PrivateLimite~ip tlieStQteopoundMaharaslitlaTh(lpampme of the TronlfereeCompany WaS changeqpoundrornOrientalC0lltaine+~rrivate Litl1itedto Odental Containers Lil11ited by deleting thewQrd privatdLtrbm itgt name ampndobt~ined a fmh certificate QpoundinGOrp9rationdllteti31~tMfttcha970Jromthe Regis~rarofCompanies Maharashtra MumbaiThenameoithelntnsferte Company waschanged to its preselt name ie OriconEnteJPlisestirnitedqndobtainaJresh certificate of incorporation dated2ncMayl 2006 consequent onchange of name Jrom the Registrar ot Companies Maharas11traMUl11bai

The main qbjectdausesoftheMemqranduroof Associltion of the Transferee Cornpanyanthorize the Tr~nsfereeCompany

bull To manufacture exportimportpuysellanddecUintin ltanscontainersinc1uding boxes and tubes bottles tin tops ind]ldiIlgthose knoWr as~CrownCorks and any other articled qIld tight pressed metal articles of anymiddotmiddotkind and descriptions whatsoever

bull To carry Qn~ll and any ofthemiddotbusinesses as designers and decorators of and embosserspajntersprintersqnd lithographers middot0pound and exporters importers

2

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

- shy ~

middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 3: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

mFOIF THl1rlOt--L COiI LAW TRIBlN IL MU~IlMI BENCH (I leAA1 141 Omiddot212 i NCLT--UPIAII2111 X Cp (C- i 144i2O3iNCLTmiddotM BlM 11101 ~ Cfgt ((Aill lSI 21(jmiddot212 NCITi1 [hIAlI21l I~

11) lhe Regional Director has Filed his Jcpon staling therein thaI save and except

as slated in pamgraph IV (n) to (fl it appears that the Scheme is 110t prejudicial

[0 the interest of -hareholdcrs and public In IJaragraph IV of the said Affidavit

rhe Regional Director Iws stated thaI

If 71w oJsermlioll oflhe Regiollol Dircclor on Ihe proposed Schel( to

be considered b1 flk HOIl ble VeLT are Wi IIIdcI

(a) III llcldillOll 10 ColllpliollCt 5middot14 (IND AmiddotI(3)the Tr(lllsil(e

Compaly Silu silch ((COlllllillg ellries which Jre IICCeSS(frl ill

cOlllectioll 1itll liIe scheme 10 COllp~l 1111t other applicahle ACCOllllil1g

SI(lld(J( 11(11 (IS IS-5rIAJ A)8) cle

(1)) As pCI Clouse 11) O(Jil1iliol1s of Ihl scheme Appoinled D(Je

IilcmlS 1111111120 7 or slIch olher dOle as lite lVoliollol COilpmI Lal

Tiibullol (leL n AiulII)Ji IiI direct wltich sholl be Ihe dole wilh effeci

FOil which Ihis Schelle shall fJecoIJi ereclilc 011(1 itll efleel j())

Ilhich 001( II 11111111101 COIll)llies shall m II Ig(l Il101( Hillt

h(Iilic ColllpallY ill lerlllS 0 Ihe ScIellle I1JOII Ihe order

s(lllctioning Ihis schelle lee-ollling eficli)c III Ihis Iegord il is

slIbmillcd il lerms oj pm)iliolls (~r sectiol 232fo)of Compolies

icl20t il siloliid he Aprilt2017

(e) As (g(rds CrlSl 7 0 tlte SIWIIIC IIcr((lsei cOlsolidolioll 01

lllIltoricd shore (pillln Ihe Jrollskrec COIIIIWIIl lllrI

COll1pmy slwll he il1 (lccorroll(( IIi] Ihe j)lorisiol1s tf

Seclioll 232(3)(1) orfte COll1pullies ic2013

(( 771( hOlserce ((IIIIill is a Pllblic CompolIY (1(1 ils shores ore

lisler 01 I3SI Lillnl(( (11)(1 NOIiollol s()ck xclOngc oflndia Lillliled

Imrenr Ihe rr(j)I~ere( (Ollpolly n()1 oblain No ObicClioll

Cerfificate [ion (he resJcelive Sloek Exchollges This is lot illOIIlIldW olllls 1-1011 hie N( L T

IJlcHf~E Til ITIOmiddotII laquo()IfY LA TRllll)AL WlflAIIlIiCII

(I (ey11 IUmiddot~1II23CI Tljfl IMIclllx

cP(CII-l~ (12l2middot(TTI1BIIIII ~1I1 (I e IIi 1lt 1 21I2-~ middotCU Hi 11111 2111

Applicorioll Olio (he Ieell cllclosed 10 IIII COlipOII Pelilioll orc olle

(V sOllie (llIti 11eilt is 1If) dinCfllllC 01 tllTiofioll

(f) Pcliliollcr iii Ihe (1111i 110 518 hilS illler olill 1II(lIliollell Ih1 III

eose there is 0111 dilfercnce ill Ihe OCCOlllllillg policies (ldopted hr Ihe

Tiollsi()r ((III(lIlis llId Ih iollsi(c COIIII)OI Ihe iCCOllllillg

policies [i)llollcd br Ihe ImllliI(( compoll will 1(Ioil olld Ihe

lIij(rcllc( lIill he 1lllIlIlfied Olle odilsled ill the csen( () 1111111( Ihol

flleillollciol Slu1l1I1C1I1 ne (roilscree COlipOI releci III(ill(Ilciol

POSilioll Oil 1171 los is o(Cf)lSilelll (lecollltillg pOlitT

c) AplOl)OS tile ohservnlion o111l Iegionnl Director lt1 --tillcd in I)lrlgrapll IV (il)

nl hi~ i rliillvil i~ C()llcCJJlcd Ihc PctitiollCl Trltlllsicrec COlllpallY lIll(lennke~ to

pass nccolillting cntrics in COllll)lianee with ccolillting S[ltll1ciml IS14 ( IN)

AS - 1(3) or oillcr 1tpplicnhlc ccollilling Standard slich as S-5 (IND AS -~)

ele

til Apropos the ohservHlion or the Regional Direclm as ~tnt(d in pi1r-1gJi1ph IV (h)

(li his frielill I I is concernecl the [)etilionC1 COIl11)1I1ies 1I11(lerlnl~c thill 111e

111pointeci cI~11C under Cli111se 112 of the Schel1le will be 1[ AI)ril 2017 ilnd in

terll1~ of Ihc pn)isi()n~ or Scclion 232(6) of Ihc COI111)(1I1ie~ CI 2() 13 the

scllCll1e Viii be given elllcl [rom I April 2() 17 j(wlllingly

c) llrCI)() lhe OhSlJillioll l)f the Regional Director lS stltlwli ill I)illagrnph IV (e)

01 his Affidavit is cOllcerned the Iletilioner Co11111anics undertake that the

IncrcilsciCmiddotOllSoli(llIioll or illllllOrized sllarc capiti11 01 the Transferee CompililY

ami eels plyahle I) 1he Trnnsrcree COlllpnny as provielcd ill el1l1se 17 of Ihc

Sehel11e shnll he COIl1I)licd by [he TrltlI1sfcree COIllJ1ilIlY ill nCCOrdil1Ce Ivilh the

provision ofSccton232))(i) oCthe Companics ct 2013

I) propos rile oilscrvnliol1 01 Ih~ Rcgionill Director as sliliell in pilrilgrilph I V (el)

olhis AITicli1lii is c()llcelJlcd il is suilJ1lil1ed thnt the pn1lisinJ1s ofSEBI Circlilar

No CFDIDI L3CI Ri2ll I 7 I dalcd I ()Ih March 21) 17 shall n(t apply to ScheJ1les

which solel~1 1)Jc)idcs fell Illcrgel of fl wholly owned subsidiary with tile Parent

COll1pilllV anci rcfcl(J1cC is l11illle to the SEBI (LODIU (iI1lCncill1el ~]j3dPn~ r x - ~f) ~jgt~

~ Il~ILI COI T 201 7 wherehy he Suh-Regulation (6) to Regulillion J7 1~teItC(~IIlt~~

TIlIlsferol COJl1I)llics Ie IIholly ()lllc(1 subsidiaries or the rl~W~~r(~-Ci~r-(~~~ gt ~jy 2ll) I

ConJ)illlY Ilowcycr the lrilnsklee COJ1lpany as per Ihe I tJifiinP~~(~j(SEB~ ~) I~ - -i2 ~i ~I ht7[ ~) l j ~I

ltpound~~~~ ~~ _ ~~ ~lt~~~1lgt ~-~-~~~

nFr)IUII I - IIII (1) 11 Y LAW TRIIll I It I BmiddotI 111(11

CP 1C-11middot11 2111middotc1c n-I Ill 1middot11 ~II (I fCmiddot) 1middot14middot~Hlmiddot2-2 (11 HJ 1-11 21Is CI() ISImiddot2()middotL~2 CllILlmiddotImiddotl12ilIS

Circulm No Cfl)DIL3ClR2017l 21 dated 10h March 2017 hns filed drnft

Schcllle with nSF Lil11ilelti lIcl National Stock Exelwnge 01 India Limited (NSE)

011 2ltllh Novemher 2() 17 lIld 24h November 2017 reSI)eetively (lnci copies of tile

cknowleclgclllcns rcclivcl irom nSE Limited mel N]tionill Stock Excilnnge

of Indi3 Limitemiddot1 (NSl-) (Ire alreacly annexed IS hllihilS- J( 8 C to the

Petition 11) thl lrlnicree COmpall) llled heli)Il this Iollble lrihLlnltl1 Icl Ille

~ale hilS heen ciisClllin(lteci hy nSf Limited lt111(1 NSE 011 their vehsitcs Further

IS pCI lhe Orcin clillerl 1~lh Iunrv 20 I g Pilsslcl hy tile NeLl 13cncll ivlulllliai

the I)ditioller lrIsielle COlllpilny hilS selCclupon the nSF Limited i1umlli

anci N1lion31 SLIck Fgtchltlnge or Indi8 Limited (NSE) on 25 11gt day or Ianumy

2() 18 the notice to)elher with copy or the Scheille 01 illlalg(Jll(lIion

respcctively iH)WVer thcll is no ohscrvltion rcccivc(1 1[OIIl cit her NSI~ or BS[

g) ipropo~ till nh~cnlti()n 01 the Rcgionnl Director as ~tate(1 ill pnragrnpll IV (el

or Ilis Ilidwit is cOllcellcd Ihe Pet itioncl COIllPilllY unclcrtakes (Icl conrillllS

thll the Schcme cnclosed tn the COJll1lIlY lll)lication and the Schemc cncloscd

to the COIllIIlY Petition is one lId same ltlml tlllre is IlO discrcpnney or

h) propos Ihr~ llhcillion oithe Rcgioni11 Director as stlted in parclgnlph IV (f) of

his J Iliclncit is concerllLti tll( 11etitioJ)cr CompnllY suhmits ltllld undertakes tll(l

in CltlC thrc i~ ltlily diflercnce in the accounting jlolicies adopteel hl the

Trlnsferor C()lllpIic~ llld the Trmslclcc COIlmy the 1CcoullIing policies

1oJlowcd hy the lrclllsicrCl cOJpnny will preail 11lt1 tile ditTclcnce will he

qumliliccl nel lc1jllstecl ill Ille Reserves lo ensure thnt the financial SIltCIlCllls or the Trflnsfcrce Clllll)lIlY rcllcct the I~nancial I)o~itiol on the basis of consistent

accounting pulicy

i) Il is also ~lile(1 tll Ille Orticinl Liquidllor lins lilccl its report stnting tllill Ihe

Scheme i IH)t prejlldiil to the interest of the Puhlic Consequcntly the

Trlilsferor COlrplJlics Illly onlered to be dissolvecJ witllOul win(ling-up

jl It is ltIbn Slated thilt 10 ohjcctor hns illprolched neither to

hefore this Trihunallo nppllSl lhe Scheme

Bf-FOIU IIIL 1101 (0111 L TRill 1 Il-Illl 111(11

CP Ie I 111311middot212 (LT 1 H112(11) (1 le-II 142lt(I-212NCLTBMI12111i cr CmiddotII I I I -2~ NCIrllWl 11 2i I

A Froll1 Ille material 011 Imiddotccnrd the SCI1Cllll or tV1eIgeJ hy Ah-orption nppCclrs 10 be fnil

and rea~onnble and is 11tH 1lolalilC or 1111 provisions of law ami is not cOlltlltlry to

]luhlic policy And htIlhy tlls hCl1eh to he PetitiOIlCl Company do Order thal

(l) All tile liahilities incudill) tlXC and charges if any and duties of the

Transferor COl11pclllitS 1]lt11 pursuant to S 232 of tilt Company Act 2013 he

trilnsferredlO find hecome Jl( li(1bilitics and dUlies of the Transferee COI11j)(]IlY

b) The clari 11clt1tiol1 11(1 urdertakings givel1 by Ille tellmed COlll1~el ror the

Pditionersfo 1ile obs~nal ()I1S l11i1dc in the Report oj I Ill Regionll Director Ire

considered by IllS Bench lIlll those are helchy Mcepled Subsequently this

ilellel) herehy dirLct~ llliliDllers to comply with tilo provisiollshlatements which

Ill( Petirioners llIHkrtlke~ Illlellmiddotl

c) Since both the Tral1~fOr C(lIl1Jl1nies illC wholly mllH~d ubsidinries oj the

Tnlll(eree COlllpUIl qllc-gttiOl1 of kcuullce or shares aner this SChCllll

bccomes elTeclivc does no arise Consequently the sl1l11cS held by the

Transferee (011111111gt in the Transferor Company shall Slilllcl cill1ctlled

eI) The Trnllieror C(l111p1IIie~ shall be dissolved without Winding-up

el The Petitioner (0I1111Ii( to lodge a copy of this Older and tile Scheme duly

nulllcllIICllcd by the lljlill Direclor or tlllt i~sislalll R(~gi~lr(1r as the eilse 1l11l1

hl~ Natlol1al COl11jlall Iil llihullflL ivlulllhl BelIch wilh lile cOllcerned

Superintendelll of SjI1lP~ rOtmiddot the purpose of adjudicatiol1 of stamp duty payable

j I ltlilY 011 the sal1e witlill 60 dnys from the date or receipt or tile order

f) Petitioner COI11Ial1ie~ )1( direcled to file il ccnifled copy of this order along willi

a cupy of the SclHnL~ witl the (~()nccll1ed Registrar 01 Company electronically

]Iong with F-folill INC 21 in l(ldition In lil( physical copy within 30 days 110111

the dnte or issuamc of tlk order the Regi~lrv duly eniflcd hy the DCI)uty

Director 01 the tSsi-Imt Registrar as Ihe case mily be Notional COlllllllY Lm

Tribunal MUll1bai Iieneh

p The r)ctitioncr COIlUHllics to p3y costs of ( 25O()()- to the

Western Regioll ivlllnhm The cost is to he paid within

diH~~ of the nceilmiddotl 01 Urlkr

middot 13FrORE TIlE N1OltAUUlP Ilt LAW nWHiAI IDlllAI BENCH CP (C f I I c2111middotJCIPmiddot1 fJi1 middotH ~1l1 ~ CP 1( I 14middotjmiddot21lmiddot232rNCITM [HIII 201 N CPICAA I~I flmiddot~2middotNCLTMBmiddotM-1l2ol

h) lileTnlilsferor Companies (ie Petitioner in cr (CAA) 14]12018 and CP

(CAA) 1442(18) to pay costs of ~ 25()()()- to the Official Liquidator Mumbai

The cost is to be paid within rowweeks from the date 01 the receipt orOrder

i) All authorities concerned to act on n certified copy of this order along with

Scheme duly certified by the Deputy Director or tile Assistant Registrar as the

case may be N1tional Company Law Trihunal MUl11bai Bench

i) Any person interested ~hall he ilt liberty to apply to the Tribunnl in the above

matter for any (irection that lllay be necessary

k) AllY concell1cd fllthorily (ie RD RoC ()L income Tax Authority ele) is at

liberty to approach tilis IkllCi1 for any clarificiltiondirecliolls uncleI this Scheme

I) The sanctioning of this Schelllt bhallnol deter ilny concerned Allfilorily (ie RD

l~oC OL Illcome Tax Authorily ele) lrom i1s~essing transnctions arlsing out 01

Ihi~ SdlCI1lC if need he

111 The Scheme is sl1llctioned hereby and tile nppointed dnte of lhe Scheme is fixed

as pI April 20J7

9 Ordered lccortiingly To be consigned to Records

sol Dated 30071018 M rc SHRAVAT

MEMBER (JUDICIAL)

hSS~S(dl~L~-l~~ltgtltegt lt1 (t

National Cempany Law Tribunal Mumbai Bench

SCHEMBltOFAMALGAMATION UNDERSECTIONS lt230T0232 AND OTHERAPBLICABLE PROVISIONS OF

THE COMPANIES ACT2013

OF

QRIENTALCONTAINERSLIMITED (Th~FitstTral1SferorCompany)

AND

SSINl~AlAUTO SERVICES LIMITED (TheSec~ndTrlt)nsferorCompany)

WITH

OlUGONIlNTrRPRISES LIMITED (The Transferee Company)

AND

IlrlElRmiddotSBAREHOLDERS

middot SGHEMEOFAMALGAMATION

A Purpose oftheSchel11e

This Sqhemepf ArnalgamCtiQnispre~entedunderSections 230 to 232 and other apllicable provisions ifany of theiqoinpani~s Act 2013poundorbull amalgaIJlCtionof ORlENTAL ltONTAINERSIIMITEP(the First TransferormiddotCornpany) middotand SHINRAltlJTObull sectERYIC~~LXMrrEP bull ~theSecondTrCnsferor Cornpany) with ORICONENJEIPRISijSLMITEP(theTtansfereemiddotCompapy)andthedissolution of theTransferorCompanieswithout~dn4ingup

B Dcscriptiol1ofCompanies

11 011cunEntelp1ises(OEVktheTrmsfereeCompany

The COmpany was incorpoli)te1as a private Limited company under the Cqmpanies AGti1956onmiddot7th()~clmlu~~1968inthe nanlltr of middotOliental Contai11elS PrivateLimite~ip tlieStQteopoundMaharaslitlaTh(lpampme of the TronlfereeCompany WaS changeqpoundrornOrientalC0lltaine+~rrivate Litl1itedto Odental Containers Lil11ited by deleting thewQrd privatdLtrbm itgt name ampndobt~ined a fmh certificate QpoundinGOrp9rationdllteti31~tMfttcha970Jromthe Regis~rarofCompanies Maharashtra MumbaiThenameoithelntnsferte Company waschanged to its preselt name ie OriconEnteJPlisestirnitedqndobtainaJresh certificate of incorporation dated2ncMayl 2006 consequent onchange of name Jrom the Registrar ot Companies Maharas11traMUl11bai

The main qbjectdausesoftheMemqranduroof Associltion of the Transferee Cornpanyanthorize the Tr~nsfereeCompany

bull To manufacture exportimportpuysellanddecUintin ltanscontainersinc1uding boxes and tubes bottles tin tops ind]ldiIlgthose knoWr as~CrownCorks and any other articled qIld tight pressed metal articles of anymiddotmiddotkind and descriptions whatsoever

bull To carry Qn~ll and any ofthemiddotbusinesses as designers and decorators of and embosserspajntersprintersqnd lithographers middot0pound and exporters importers

2

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

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Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

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26

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424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

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514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

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518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

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611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

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63 Taxneutrali~middot

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632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

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642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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Applicorioll Olio (he Ieell cllclosed 10 IIII COlipOII Pelilioll orc olle

(V sOllie (llIti 11eilt is 1If) dinCfllllC 01 tllTiofioll

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eose there is 0111 dilfercnce ill Ihe OCCOlllllillg policies (ldopted hr Ihe

Tiollsi()r ((III(lIlis llId Ih iollsi(c COIIII)OI Ihe iCCOllllillg

policies [i)llollcd br Ihe ImllliI(( compoll will 1(Ioil olld Ihe

lIij(rcllc( lIill he 1lllIlIlfied Olle odilsled ill the csen( () 1111111( Ihol

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POSilioll Oil 1171 los is o(Cf)lSilelll (lecollltillg pOlitT

c) AplOl)OS tile ohservnlion o111l Iegionnl Director lt1 --tillcd in I)lrlgrapll IV (il)

nl hi~ i rliillvil i~ C()llcCJJlcd Ihc PctitiollCl Trltlllsicrec COlllpallY lIll(lennke~ to

pass nccolillting cntrics in COllll)lianee with ccolillting S[ltll1ciml IS14 ( IN)

AS - 1(3) or oillcr 1tpplicnhlc ccollilling Standard slich as S-5 (IND AS -~)

ele

til Apropos the ohservHlion or the Regional Direclm as ~tnt(d in pi1r-1gJi1ph IV (h)

(li his frielill I I is concernecl the [)etilionC1 COIl11)1I1ies 1I11(lerlnl~c thill 111e

111pointeci cI~11C under Cli111se 112 of the Schel1le will be 1[ AI)ril 2017 ilnd in

terll1~ of Ihc pn)isi()n~ or Scclion 232(6) of Ihc COI111)(1I1ie~ CI 2() 13 the

scllCll1e Viii be given elllcl [rom I April 2() 17 j(wlllingly

c) llrCI)() lhe OhSlJillioll l)f the Regional Director lS stltlwli ill I)illagrnph IV (e)

01 his Affidavit is cOllcerned the Iletilioner Co11111anics undertake that the

IncrcilsciCmiddotOllSoli(llIioll or illllllOrized sllarc capiti11 01 the Transferee CompililY

ami eels plyahle I) 1he Trnnsrcree COlllpnny as provielcd ill el1l1se 17 of Ihc

Sehel11e shnll he COIl1I)licd by [he TrltlI1sfcree COIllJ1ilIlY ill nCCOrdil1Ce Ivilh the

provision ofSccton232))(i) oCthe Companics ct 2013

I) propos rile oilscrvnliol1 01 Ih~ Rcgionill Director as sliliell in pilrilgrilph I V (el)

olhis AITicli1lii is c()llcelJlcd il is suilJ1lil1ed thnt the pn1lisinJ1s ofSEBI Circlilar

No CFDIDI L3CI Ri2ll I 7 I dalcd I ()Ih March 21) 17 shall n(t apply to ScheJ1les

which solel~1 1)Jc)idcs fell Illcrgel of fl wholly owned subsidiary with tile Parent

COll1pilllV anci rcfcl(J1cC is l11illle to the SEBI (LODIU (iI1lCncill1el ~]j3dPn~ r x - ~f) ~jgt~

~ Il~ILI COI T 201 7 wherehy he Suh-Regulation (6) to Regulillion J7 1~teItC(~IIlt~~

TIlIlsferol COJl1I)llics Ie IIholly ()lllc(1 subsidiaries or the rl~W~~r(~-Ci~r-(~~~ gt ~jy 2ll) I

ConJ)illlY Ilowcycr the lrilnsklee COJ1lpany as per Ihe I tJifiinP~~(~j(SEB~ ~) I~ - -i2 ~i ~I ht7[ ~) l j ~I

ltpound~~~~ ~~ _ ~~ ~lt~~~1lgt ~-~-~~~

nFr)IUII I - IIII (1) 11 Y LAW TRIIll I It I BmiddotI 111(11

CP 1C-11middot11 2111middotc1c n-I Ill 1middot11 ~II (I fCmiddot) 1middot14middot~Hlmiddot2-2 (11 HJ 1-11 21Is CI() ISImiddot2()middotL~2 CllILlmiddotImiddotl12ilIS

Circulm No Cfl)DIL3ClR2017l 21 dated 10h March 2017 hns filed drnft

Schcllle with nSF Lil11ilelti lIcl National Stock Exelwnge 01 India Limited (NSE)

011 2ltllh Novemher 2() 17 lIld 24h November 2017 reSI)eetively (lnci copies of tile

cknowleclgclllcns rcclivcl irom nSE Limited mel N]tionill Stock Excilnnge

of Indi3 Limitemiddot1 (NSl-) (Ire alreacly annexed IS hllihilS- J( 8 C to the

Petition 11) thl lrlnicree COmpall) llled heli)Il this Iollble lrihLlnltl1 Icl Ille

~ale hilS heen ciisClllin(lteci hy nSf Limited lt111(1 NSE 011 their vehsitcs Further

IS pCI lhe Orcin clillerl 1~lh Iunrv 20 I g Pilsslcl hy tile NeLl 13cncll ivlulllliai

the I)ditioller lrIsielle COlllpilny hilS selCclupon the nSF Limited i1umlli

anci N1lion31 SLIck Fgtchltlnge or Indi8 Limited (NSE) on 25 11gt day or Ianumy

2() 18 the notice to)elher with copy or the Scheille 01 illlalg(Jll(lIion

respcctively iH)WVer thcll is no ohscrvltion rcccivc(1 1[OIIl cit her NSI~ or BS[

g) ipropo~ till nh~cnlti()n 01 the Rcgionnl Director as ~tate(1 ill pnragrnpll IV (el

or Ilis Ilidwit is cOllcellcd Ihe Pet itioncl COIllPilllY unclcrtakes (Icl conrillllS

thll the Schcme cnclosed tn the COJll1lIlY lll)lication and the Schemc cncloscd

to the COIllIIlY Petition is one lId same ltlml tlllre is IlO discrcpnney or

h) propos Ihr~ llhcillion oithe Rcgioni11 Director as stlted in parclgnlph IV (f) of

his J Iliclncit is concerllLti tll( 11etitioJ)cr CompnllY suhmits ltllld undertakes tll(l

in CltlC thrc i~ ltlily diflercnce in the accounting jlolicies adopteel hl the

Trlnsferor C()lllpIic~ llld the Trmslclcc COIlmy the 1CcoullIing policies

1oJlowcd hy the lrclllsicrCl cOJpnny will preail 11lt1 tile ditTclcnce will he

qumliliccl nel lc1jllstecl ill Ille Reserves lo ensure thnt the financial SIltCIlCllls or the Trflnsfcrce Clllll)lIlY rcllcct the I~nancial I)o~itiol on the basis of consistent

accounting pulicy

i) Il is also ~lile(1 tll Ille Orticinl Liquidllor lins lilccl its report stnting tllill Ihe

Scheme i IH)t prejlldiil to the interest of the Puhlic Consequcntly the

Trlilsferor COlrplJlics Illly onlered to be dissolvecJ witllOul win(ling-up

jl It is ltIbn Slated thilt 10 ohjcctor hns illprolched neither to

hefore this Trihunallo nppllSl lhe Scheme

Bf-FOIU IIIL 1101 (0111 L TRill 1 Il-Illl 111(11

CP Ie I 111311middot212 (LT 1 H112(11) (1 le-II 142lt(I-212NCLTBMI12111i cr CmiddotII I I I -2~ NCIrllWl 11 2i I

A Froll1 Ille material 011 Imiddotccnrd the SCI1Cllll or tV1eIgeJ hy Ah-orption nppCclrs 10 be fnil

and rea~onnble and is 11tH 1lolalilC or 1111 provisions of law ami is not cOlltlltlry to

]luhlic policy And htIlhy tlls hCl1eh to he PetitiOIlCl Company do Order thal

(l) All tile liahilities incudill) tlXC and charges if any and duties of the

Transferor COl11pclllitS 1]lt11 pursuant to S 232 of tilt Company Act 2013 he

trilnsferredlO find hecome Jl( li(1bilitics and dUlies of the Transferee COI11j)(]IlY

b) The clari 11clt1tiol1 11(1 urdertakings givel1 by Ille tellmed COlll1~el ror the

Pditionersfo 1ile obs~nal ()I1S l11i1dc in the Report oj I Ill Regionll Director Ire

considered by IllS Bench lIlll those are helchy Mcepled Subsequently this

ilellel) herehy dirLct~ llliliDllers to comply with tilo provisiollshlatements which

Ill( Petirioners llIHkrtlke~ Illlellmiddotl

c) Since both the Tral1~fOr C(lIl1Jl1nies illC wholly mllH~d ubsidinries oj the

Tnlll(eree COlllpUIl qllc-gttiOl1 of kcuullce or shares aner this SChCllll

bccomes elTeclivc does no arise Consequently the sl1l11cS held by the

Transferee (011111111gt in the Transferor Company shall Slilllcl cill1ctlled

eI) The Trnllieror C(l111p1IIie~ shall be dissolved without Winding-up

el The Petitioner (0I1111Ii( to lodge a copy of this Older and tile Scheme duly

nulllcllIICllcd by the lljlill Direclor or tlllt i~sislalll R(~gi~lr(1r as the eilse 1l11l1

hl~ Natlol1al COl11jlall Iil llihullflL ivlulllhl BelIch wilh lile cOllcerned

Superintendelll of SjI1lP~ rOtmiddot the purpose of adjudicatiol1 of stamp duty payable

j I ltlilY 011 the sal1e witlill 60 dnys from the date or receipt or tile order

f) Petitioner COI11Ial1ie~ )1( direcled to file il ccnifled copy of this order along willi

a cupy of the SclHnL~ witl the (~()nccll1ed Registrar 01 Company electronically

]Iong with F-folill INC 21 in l(ldition In lil( physical copy within 30 days 110111

the dnte or issuamc of tlk order the Regi~lrv duly eniflcd hy the DCI)uty

Director 01 the tSsi-Imt Registrar as Ihe case mily be Notional COlllllllY Lm

Tribunal MUll1bai Iieneh

p The r)ctitioncr COIlUHllics to p3y costs of ( 25O()()- to the

Western Regioll ivlllnhm The cost is to he paid within

diH~~ of the nceilmiddotl 01 Urlkr

middot 13FrORE TIlE N1OltAUUlP Ilt LAW nWHiAI IDlllAI BENCH CP (C f I I c2111middotJCIPmiddot1 fJi1 middotH ~1l1 ~ CP 1( I 14middotjmiddot21lmiddot232rNCITM [HIII 201 N CPICAA I~I flmiddot~2middotNCLTMBmiddotM-1l2ol

h) lileTnlilsferor Companies (ie Petitioner in cr (CAA) 14]12018 and CP

(CAA) 1442(18) to pay costs of ~ 25()()()- to the Official Liquidator Mumbai

The cost is to be paid within rowweeks from the date 01 the receipt orOrder

i) All authorities concerned to act on n certified copy of this order along with

Scheme duly certified by the Deputy Director or tile Assistant Registrar as the

case may be N1tional Company Law Trihunal MUl11bai Bench

i) Any person interested ~hall he ilt liberty to apply to the Tribunnl in the above

matter for any (irection that lllay be necessary

k) AllY concell1cd fllthorily (ie RD RoC ()L income Tax Authority ele) is at

liberty to approach tilis IkllCi1 for any clarificiltiondirecliolls uncleI this Scheme

I) The sanctioning of this Schelllt bhallnol deter ilny concerned Allfilorily (ie RD

l~oC OL Illcome Tax Authorily ele) lrom i1s~essing transnctions arlsing out 01

Ihi~ SdlCI1lC if need he

111 The Scheme is sl1llctioned hereby and tile nppointed dnte of lhe Scheme is fixed

as pI April 20J7

9 Ordered lccortiingly To be consigned to Records

sol Dated 30071018 M rc SHRAVAT

MEMBER (JUDICIAL)

hSS~S(dl~L~-l~~ltgtltegt lt1 (t

National Cempany Law Tribunal Mumbai Bench

SCHEMBltOFAMALGAMATION UNDERSECTIONS lt230T0232 AND OTHERAPBLICABLE PROVISIONS OF

THE COMPANIES ACT2013

OF

QRIENTALCONTAINERSLIMITED (Th~FitstTral1SferorCompany)

AND

SSINl~AlAUTO SERVICES LIMITED (TheSec~ndTrlt)nsferorCompany)

WITH

OlUGONIlNTrRPRISES LIMITED (The Transferee Company)

AND

IlrlElRmiddotSBAREHOLDERS

middot SGHEMEOFAMALGAMATION

A Purpose oftheSchel11e

This Sqhemepf ArnalgamCtiQnispre~entedunderSections 230 to 232 and other apllicable provisions ifany of theiqoinpani~s Act 2013poundorbull amalgaIJlCtionof ORlENTAL ltONTAINERSIIMITEP(the First TransferormiddotCornpany) middotand SHINRAltlJTObull sectERYIC~~LXMrrEP bull ~theSecondTrCnsferor Cornpany) with ORICONENJEIPRISijSLMITEP(theTtansfereemiddotCompapy)andthedissolution of theTransferorCompanieswithout~dn4ingup

B Dcscriptiol1ofCompanies

11 011cunEntelp1ises(OEVktheTrmsfereeCompany

The COmpany was incorpoli)te1as a private Limited company under the Cqmpanies AGti1956onmiddot7th()~clmlu~~1968inthe nanlltr of middotOliental Contai11elS PrivateLimite~ip tlieStQteopoundMaharaslitlaTh(lpampme of the TronlfereeCompany WaS changeqpoundrornOrientalC0lltaine+~rrivate Litl1itedto Odental Containers Lil11ited by deleting thewQrd privatdLtrbm itgt name ampndobt~ined a fmh certificate QpoundinGOrp9rationdllteti31~tMfttcha970Jromthe Regis~rarofCompanies Maharashtra MumbaiThenameoithelntnsferte Company waschanged to its preselt name ie OriconEnteJPlisestirnitedqndobtainaJresh certificate of incorporation dated2ncMayl 2006 consequent onchange of name Jrom the Registrar ot Companies Maharas11traMUl11bai

The main qbjectdausesoftheMemqranduroof Associltion of the Transferee Cornpanyanthorize the Tr~nsfereeCompany

bull To manufacture exportimportpuysellanddecUintin ltanscontainersinc1uding boxes and tubes bottles tin tops ind]ldiIlgthose knoWr as~CrownCorks and any other articled qIld tight pressed metal articles of anymiddotmiddotkind and descriptions whatsoever

bull To carry Qn~ll and any ofthemiddotbusinesses as designers and decorators of and embosserspajntersprintersqnd lithographers middot0pound and exporters importers

2

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 5: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

nFr)IUII I - IIII (1) 11 Y LAW TRIIll I It I BmiddotI 111(11

CP 1C-11middot11 2111middotc1c n-I Ill 1middot11 ~II (I fCmiddot) 1middot14middot~Hlmiddot2-2 (11 HJ 1-11 21Is CI() ISImiddot2()middotL~2 CllILlmiddotImiddotl12ilIS

Circulm No Cfl)DIL3ClR2017l 21 dated 10h March 2017 hns filed drnft

Schcllle with nSF Lil11ilelti lIcl National Stock Exelwnge 01 India Limited (NSE)

011 2ltllh Novemher 2() 17 lIld 24h November 2017 reSI)eetively (lnci copies of tile

cknowleclgclllcns rcclivcl irom nSE Limited mel N]tionill Stock Excilnnge

of Indi3 Limitemiddot1 (NSl-) (Ire alreacly annexed IS hllihilS- J( 8 C to the

Petition 11) thl lrlnicree COmpall) llled heli)Il this Iollble lrihLlnltl1 Icl Ille

~ale hilS heen ciisClllin(lteci hy nSf Limited lt111(1 NSE 011 their vehsitcs Further

IS pCI lhe Orcin clillerl 1~lh Iunrv 20 I g Pilsslcl hy tile NeLl 13cncll ivlulllliai

the I)ditioller lrIsielle COlllpilny hilS selCclupon the nSF Limited i1umlli

anci N1lion31 SLIck Fgtchltlnge or Indi8 Limited (NSE) on 25 11gt day or Ianumy

2() 18 the notice to)elher with copy or the Scheille 01 illlalg(Jll(lIion

respcctively iH)WVer thcll is no ohscrvltion rcccivc(1 1[OIIl cit her NSI~ or BS[

g) ipropo~ till nh~cnlti()n 01 the Rcgionnl Director as ~tate(1 ill pnragrnpll IV (el

or Ilis Ilidwit is cOllcellcd Ihe Pet itioncl COIllPilllY unclcrtakes (Icl conrillllS

thll the Schcme cnclosed tn the COJll1lIlY lll)lication and the Schemc cncloscd

to the COIllIIlY Petition is one lId same ltlml tlllre is IlO discrcpnney or

h) propos Ihr~ llhcillion oithe Rcgioni11 Director as stlted in parclgnlph IV (f) of

his J Iliclncit is concerllLti tll( 11etitioJ)cr CompnllY suhmits ltllld undertakes tll(l

in CltlC thrc i~ ltlily diflercnce in the accounting jlolicies adopteel hl the

Trlnsferor C()lllpIic~ llld the Trmslclcc COIlmy the 1CcoullIing policies

1oJlowcd hy the lrclllsicrCl cOJpnny will preail 11lt1 tile ditTclcnce will he

qumliliccl nel lc1jllstecl ill Ille Reserves lo ensure thnt the financial SIltCIlCllls or the Trflnsfcrce Clllll)lIlY rcllcct the I~nancial I)o~itiol on the basis of consistent

accounting pulicy

i) Il is also ~lile(1 tll Ille Orticinl Liquidllor lins lilccl its report stnting tllill Ihe

Scheme i IH)t prejlldiil to the interest of the Puhlic Consequcntly the

Trlilsferor COlrplJlics Illly onlered to be dissolvecJ witllOul win(ling-up

jl It is ltIbn Slated thilt 10 ohjcctor hns illprolched neither to

hefore this Trihunallo nppllSl lhe Scheme

Bf-FOIU IIIL 1101 (0111 L TRill 1 Il-Illl 111(11

CP Ie I 111311middot212 (LT 1 H112(11) (1 le-II 142lt(I-212NCLTBMI12111i cr CmiddotII I I I -2~ NCIrllWl 11 2i I

A Froll1 Ille material 011 Imiddotccnrd the SCI1Cllll or tV1eIgeJ hy Ah-orption nppCclrs 10 be fnil

and rea~onnble and is 11tH 1lolalilC or 1111 provisions of law ami is not cOlltlltlry to

]luhlic policy And htIlhy tlls hCl1eh to he PetitiOIlCl Company do Order thal

(l) All tile liahilities incudill) tlXC and charges if any and duties of the

Transferor COl11pclllitS 1]lt11 pursuant to S 232 of tilt Company Act 2013 he

trilnsferredlO find hecome Jl( li(1bilitics and dUlies of the Transferee COI11j)(]IlY

b) The clari 11clt1tiol1 11(1 urdertakings givel1 by Ille tellmed COlll1~el ror the

Pditionersfo 1ile obs~nal ()I1S l11i1dc in the Report oj I Ill Regionll Director Ire

considered by IllS Bench lIlll those are helchy Mcepled Subsequently this

ilellel) herehy dirLct~ llliliDllers to comply with tilo provisiollshlatements which

Ill( Petirioners llIHkrtlke~ Illlellmiddotl

c) Since both the Tral1~fOr C(lIl1Jl1nies illC wholly mllH~d ubsidinries oj the

Tnlll(eree COlllpUIl qllc-gttiOl1 of kcuullce or shares aner this SChCllll

bccomes elTeclivc does no arise Consequently the sl1l11cS held by the

Transferee (011111111gt in the Transferor Company shall Slilllcl cill1ctlled

eI) The Trnllieror C(l111p1IIie~ shall be dissolved without Winding-up

el The Petitioner (0I1111Ii( to lodge a copy of this Older and tile Scheme duly

nulllcllIICllcd by the lljlill Direclor or tlllt i~sislalll R(~gi~lr(1r as the eilse 1l11l1

hl~ Natlol1al COl11jlall Iil llihullflL ivlulllhl BelIch wilh lile cOllcerned

Superintendelll of SjI1lP~ rOtmiddot the purpose of adjudicatiol1 of stamp duty payable

j I ltlilY 011 the sal1e witlill 60 dnys from the date or receipt or tile order

f) Petitioner COI11Ial1ie~ )1( direcled to file il ccnifled copy of this order along willi

a cupy of the SclHnL~ witl the (~()nccll1ed Registrar 01 Company electronically

]Iong with F-folill INC 21 in l(ldition In lil( physical copy within 30 days 110111

the dnte or issuamc of tlk order the Regi~lrv duly eniflcd hy the DCI)uty

Director 01 the tSsi-Imt Registrar as Ihe case mily be Notional COlllllllY Lm

Tribunal MUll1bai Iieneh

p The r)ctitioncr COIlUHllics to p3y costs of ( 25O()()- to the

Western Regioll ivlllnhm The cost is to he paid within

diH~~ of the nceilmiddotl 01 Urlkr

middot 13FrORE TIlE N1OltAUUlP Ilt LAW nWHiAI IDlllAI BENCH CP (C f I I c2111middotJCIPmiddot1 fJi1 middotH ~1l1 ~ CP 1( I 14middotjmiddot21lmiddot232rNCITM [HIII 201 N CPICAA I~I flmiddot~2middotNCLTMBmiddotM-1l2ol

h) lileTnlilsferor Companies (ie Petitioner in cr (CAA) 14]12018 and CP

(CAA) 1442(18) to pay costs of ~ 25()()()- to the Official Liquidator Mumbai

The cost is to be paid within rowweeks from the date 01 the receipt orOrder

i) All authorities concerned to act on n certified copy of this order along with

Scheme duly certified by the Deputy Director or tile Assistant Registrar as the

case may be N1tional Company Law Trihunal MUl11bai Bench

i) Any person interested ~hall he ilt liberty to apply to the Tribunnl in the above

matter for any (irection that lllay be necessary

k) AllY concell1cd fllthorily (ie RD RoC ()L income Tax Authority ele) is at

liberty to approach tilis IkllCi1 for any clarificiltiondirecliolls uncleI this Scheme

I) The sanctioning of this Schelllt bhallnol deter ilny concerned Allfilorily (ie RD

l~oC OL Illcome Tax Authorily ele) lrom i1s~essing transnctions arlsing out 01

Ihi~ SdlCI1lC if need he

111 The Scheme is sl1llctioned hereby and tile nppointed dnte of lhe Scheme is fixed

as pI April 20J7

9 Ordered lccortiingly To be consigned to Records

sol Dated 30071018 M rc SHRAVAT

MEMBER (JUDICIAL)

hSS~S(dl~L~-l~~ltgtltegt lt1 (t

National Cempany Law Tribunal Mumbai Bench

SCHEMBltOFAMALGAMATION UNDERSECTIONS lt230T0232 AND OTHERAPBLICABLE PROVISIONS OF

THE COMPANIES ACT2013

OF

QRIENTALCONTAINERSLIMITED (Th~FitstTral1SferorCompany)

AND

SSINl~AlAUTO SERVICES LIMITED (TheSec~ndTrlt)nsferorCompany)

WITH

OlUGONIlNTrRPRISES LIMITED (The Transferee Company)

AND

IlrlElRmiddotSBAREHOLDERS

middot SGHEMEOFAMALGAMATION

A Purpose oftheSchel11e

This Sqhemepf ArnalgamCtiQnispre~entedunderSections 230 to 232 and other apllicable provisions ifany of theiqoinpani~s Act 2013poundorbull amalgaIJlCtionof ORlENTAL ltONTAINERSIIMITEP(the First TransferormiddotCornpany) middotand SHINRAltlJTObull sectERYIC~~LXMrrEP bull ~theSecondTrCnsferor Cornpany) with ORICONENJEIPRISijSLMITEP(theTtansfereemiddotCompapy)andthedissolution of theTransferorCompanieswithout~dn4ingup

B Dcscriptiol1ofCompanies

11 011cunEntelp1ises(OEVktheTrmsfereeCompany

The COmpany was incorpoli)te1as a private Limited company under the Cqmpanies AGti1956onmiddot7th()~clmlu~~1968inthe nanlltr of middotOliental Contai11elS PrivateLimite~ip tlieStQteopoundMaharaslitlaTh(lpampme of the TronlfereeCompany WaS changeqpoundrornOrientalC0lltaine+~rrivate Litl1itedto Odental Containers Lil11ited by deleting thewQrd privatdLtrbm itgt name ampndobt~ined a fmh certificate QpoundinGOrp9rationdllteti31~tMfttcha970Jromthe Regis~rarofCompanies Maharashtra MumbaiThenameoithelntnsferte Company waschanged to its preselt name ie OriconEnteJPlisestirnitedqndobtainaJresh certificate of incorporation dated2ncMayl 2006 consequent onchange of name Jrom the Registrar ot Companies Maharas11traMUl11bai

The main qbjectdausesoftheMemqranduroof Associltion of the Transferee Cornpanyanthorize the Tr~nsfereeCompany

bull To manufacture exportimportpuysellanddecUintin ltanscontainersinc1uding boxes and tubes bottles tin tops ind]ldiIlgthose knoWr as~CrownCorks and any other articled qIld tight pressed metal articles of anymiddotmiddotkind and descriptions whatsoever

bull To carry Qn~ll and any ofthemiddotbusinesses as designers and decorators of and embosserspajntersprintersqnd lithographers middot0pound and exporters importers

2

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

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Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

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26

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424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

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514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

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518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

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611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

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63 Taxneutrali~middot

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632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

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642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 6: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

Bf-FOIU IIIL 1101 (0111 L TRill 1 Il-Illl 111(11

CP Ie I 111311middot212 (LT 1 H112(11) (1 le-II 142lt(I-212NCLTBMI12111i cr CmiddotII I I I -2~ NCIrllWl 11 2i I

A Froll1 Ille material 011 Imiddotccnrd the SCI1Cllll or tV1eIgeJ hy Ah-orption nppCclrs 10 be fnil

and rea~onnble and is 11tH 1lolalilC or 1111 provisions of law ami is not cOlltlltlry to

]luhlic policy And htIlhy tlls hCl1eh to he PetitiOIlCl Company do Order thal

(l) All tile liahilities incudill) tlXC and charges if any and duties of the

Transferor COl11pclllitS 1]lt11 pursuant to S 232 of tilt Company Act 2013 he

trilnsferredlO find hecome Jl( li(1bilitics and dUlies of the Transferee COI11j)(]IlY

b) The clari 11clt1tiol1 11(1 urdertakings givel1 by Ille tellmed COlll1~el ror the

Pditionersfo 1ile obs~nal ()I1S l11i1dc in the Report oj I Ill Regionll Director Ire

considered by IllS Bench lIlll those are helchy Mcepled Subsequently this

ilellel) herehy dirLct~ llliliDllers to comply with tilo provisiollshlatements which

Ill( Petirioners llIHkrtlke~ Illlellmiddotl

c) Since both the Tral1~fOr C(lIl1Jl1nies illC wholly mllH~d ubsidinries oj the

Tnlll(eree COlllpUIl qllc-gttiOl1 of kcuullce or shares aner this SChCllll

bccomes elTeclivc does no arise Consequently the sl1l11cS held by the

Transferee (011111111gt in the Transferor Company shall Slilllcl cill1ctlled

eI) The Trnllieror C(l111p1IIie~ shall be dissolved without Winding-up

el The Petitioner (0I1111Ii( to lodge a copy of this Older and tile Scheme duly

nulllcllIICllcd by the lljlill Direclor or tlllt i~sislalll R(~gi~lr(1r as the eilse 1l11l1

hl~ Natlol1al COl11jlall Iil llihullflL ivlulllhl BelIch wilh lile cOllcerned

Superintendelll of SjI1lP~ rOtmiddot the purpose of adjudicatiol1 of stamp duty payable

j I ltlilY 011 the sal1e witlill 60 dnys from the date or receipt or tile order

f) Petitioner COI11Ial1ie~ )1( direcled to file il ccnifled copy of this order along willi

a cupy of the SclHnL~ witl the (~()nccll1ed Registrar 01 Company electronically

]Iong with F-folill INC 21 in l(ldition In lil( physical copy within 30 days 110111

the dnte or issuamc of tlk order the Regi~lrv duly eniflcd hy the DCI)uty

Director 01 the tSsi-Imt Registrar as Ihe case mily be Notional COlllllllY Lm

Tribunal MUll1bai Iieneh

p The r)ctitioncr COIlUHllics to p3y costs of ( 25O()()- to the

Western Regioll ivlllnhm The cost is to he paid within

diH~~ of the nceilmiddotl 01 Urlkr

middot 13FrORE TIlE N1OltAUUlP Ilt LAW nWHiAI IDlllAI BENCH CP (C f I I c2111middotJCIPmiddot1 fJi1 middotH ~1l1 ~ CP 1( I 14middotjmiddot21lmiddot232rNCITM [HIII 201 N CPICAA I~I flmiddot~2middotNCLTMBmiddotM-1l2ol

h) lileTnlilsferor Companies (ie Petitioner in cr (CAA) 14]12018 and CP

(CAA) 1442(18) to pay costs of ~ 25()()()- to the Official Liquidator Mumbai

The cost is to be paid within rowweeks from the date 01 the receipt orOrder

i) All authorities concerned to act on n certified copy of this order along with

Scheme duly certified by the Deputy Director or tile Assistant Registrar as the

case may be N1tional Company Law Trihunal MUl11bai Bench

i) Any person interested ~hall he ilt liberty to apply to the Tribunnl in the above

matter for any (irection that lllay be necessary

k) AllY concell1cd fllthorily (ie RD RoC ()L income Tax Authority ele) is at

liberty to approach tilis IkllCi1 for any clarificiltiondirecliolls uncleI this Scheme

I) The sanctioning of this Schelllt bhallnol deter ilny concerned Allfilorily (ie RD

l~oC OL Illcome Tax Authorily ele) lrom i1s~essing transnctions arlsing out 01

Ihi~ SdlCI1lC if need he

111 The Scheme is sl1llctioned hereby and tile nppointed dnte of lhe Scheme is fixed

as pI April 20J7

9 Ordered lccortiingly To be consigned to Records

sol Dated 30071018 M rc SHRAVAT

MEMBER (JUDICIAL)

hSS~S(dl~L~-l~~ltgtltegt lt1 (t

National Cempany Law Tribunal Mumbai Bench

SCHEMBltOFAMALGAMATION UNDERSECTIONS lt230T0232 AND OTHERAPBLICABLE PROVISIONS OF

THE COMPANIES ACT2013

OF

QRIENTALCONTAINERSLIMITED (Th~FitstTral1SferorCompany)

AND

SSINl~AlAUTO SERVICES LIMITED (TheSec~ndTrlt)nsferorCompany)

WITH

OlUGONIlNTrRPRISES LIMITED (The Transferee Company)

AND

IlrlElRmiddotSBAREHOLDERS

middot SGHEMEOFAMALGAMATION

A Purpose oftheSchel11e

This Sqhemepf ArnalgamCtiQnispre~entedunderSections 230 to 232 and other apllicable provisions ifany of theiqoinpani~s Act 2013poundorbull amalgaIJlCtionof ORlENTAL ltONTAINERSIIMITEP(the First TransferormiddotCornpany) middotand SHINRAltlJTObull sectERYIC~~LXMrrEP bull ~theSecondTrCnsferor Cornpany) with ORICONENJEIPRISijSLMITEP(theTtansfereemiddotCompapy)andthedissolution of theTransferorCompanieswithout~dn4ingup

B Dcscriptiol1ofCompanies

11 011cunEntelp1ises(OEVktheTrmsfereeCompany

The COmpany was incorpoli)te1as a private Limited company under the Cqmpanies AGti1956onmiddot7th()~clmlu~~1968inthe nanlltr of middotOliental Contai11elS PrivateLimite~ip tlieStQteopoundMaharaslitlaTh(lpampme of the TronlfereeCompany WaS changeqpoundrornOrientalC0lltaine+~rrivate Litl1itedto Odental Containers Lil11ited by deleting thewQrd privatdLtrbm itgt name ampndobt~ined a fmh certificate QpoundinGOrp9rationdllteti31~tMfttcha970Jromthe Regis~rarofCompanies Maharashtra MumbaiThenameoithelntnsferte Company waschanged to its preselt name ie OriconEnteJPlisestirnitedqndobtainaJresh certificate of incorporation dated2ncMayl 2006 consequent onchange of name Jrom the Registrar ot Companies Maharas11traMUl11bai

The main qbjectdausesoftheMemqranduroof Associltion of the Transferee Cornpanyanthorize the Tr~nsfereeCompany

bull To manufacture exportimportpuysellanddecUintin ltanscontainersinc1uding boxes and tubes bottles tin tops ind]ldiIlgthose knoWr as~CrownCorks and any other articled qIld tight pressed metal articles of anymiddotmiddotkind and descriptions whatsoever

bull To carry Qn~ll and any ofthemiddotbusinesses as designers and decorators of and embosserspajntersprintersqnd lithographers middot0pound and exporters importers

2

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

- shy ~

middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 7: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

middot 13FrORE TIlE N1OltAUUlP Ilt LAW nWHiAI IDlllAI BENCH CP (C f I I c2111middotJCIPmiddot1 fJi1 middotH ~1l1 ~ CP 1( I 14middotjmiddot21lmiddot232rNCITM [HIII 201 N CPICAA I~I flmiddot~2middotNCLTMBmiddotM-1l2ol

h) lileTnlilsferor Companies (ie Petitioner in cr (CAA) 14]12018 and CP

(CAA) 1442(18) to pay costs of ~ 25()()()- to the Official Liquidator Mumbai

The cost is to be paid within rowweeks from the date 01 the receipt orOrder

i) All authorities concerned to act on n certified copy of this order along with

Scheme duly certified by the Deputy Director or tile Assistant Registrar as the

case may be N1tional Company Law Trihunal MUl11bai Bench

i) Any person interested ~hall he ilt liberty to apply to the Tribunnl in the above

matter for any (irection that lllay be necessary

k) AllY concell1cd fllthorily (ie RD RoC ()L income Tax Authority ele) is at

liberty to approach tilis IkllCi1 for any clarificiltiondirecliolls uncleI this Scheme

I) The sanctioning of this Schelllt bhallnol deter ilny concerned Allfilorily (ie RD

l~oC OL Illcome Tax Authorily ele) lrom i1s~essing transnctions arlsing out 01

Ihi~ SdlCI1lC if need he

111 The Scheme is sl1llctioned hereby and tile nppointed dnte of lhe Scheme is fixed

as pI April 20J7

9 Ordered lccortiingly To be consigned to Records

sol Dated 30071018 M rc SHRAVAT

MEMBER (JUDICIAL)

hSS~S(dl~L~-l~~ltgtltegt lt1 (t

National Cempany Law Tribunal Mumbai Bench

SCHEMBltOFAMALGAMATION UNDERSECTIONS lt230T0232 AND OTHERAPBLICABLE PROVISIONS OF

THE COMPANIES ACT2013

OF

QRIENTALCONTAINERSLIMITED (Th~FitstTral1SferorCompany)

AND

SSINl~AlAUTO SERVICES LIMITED (TheSec~ndTrlt)nsferorCompany)

WITH

OlUGONIlNTrRPRISES LIMITED (The Transferee Company)

AND

IlrlElRmiddotSBAREHOLDERS

middot SGHEMEOFAMALGAMATION

A Purpose oftheSchel11e

This Sqhemepf ArnalgamCtiQnispre~entedunderSections 230 to 232 and other apllicable provisions ifany of theiqoinpani~s Act 2013poundorbull amalgaIJlCtionof ORlENTAL ltONTAINERSIIMITEP(the First TransferormiddotCornpany) middotand SHINRAltlJTObull sectERYIC~~LXMrrEP bull ~theSecondTrCnsferor Cornpany) with ORICONENJEIPRISijSLMITEP(theTtansfereemiddotCompapy)andthedissolution of theTransferorCompanieswithout~dn4ingup

B Dcscriptiol1ofCompanies

11 011cunEntelp1ises(OEVktheTrmsfereeCompany

The COmpany was incorpoli)te1as a private Limited company under the Cqmpanies AGti1956onmiddot7th()~clmlu~~1968inthe nanlltr of middotOliental Contai11elS PrivateLimite~ip tlieStQteopoundMaharaslitlaTh(lpampme of the TronlfereeCompany WaS changeqpoundrornOrientalC0lltaine+~rrivate Litl1itedto Odental Containers Lil11ited by deleting thewQrd privatdLtrbm itgt name ampndobt~ined a fmh certificate QpoundinGOrp9rationdllteti31~tMfttcha970Jromthe Regis~rarofCompanies Maharashtra MumbaiThenameoithelntnsferte Company waschanged to its preselt name ie OriconEnteJPlisestirnitedqndobtainaJresh certificate of incorporation dated2ncMayl 2006 consequent onchange of name Jrom the Registrar ot Companies Maharas11traMUl11bai

The main qbjectdausesoftheMemqranduroof Associltion of the Transferee Cornpanyanthorize the Tr~nsfereeCompany

bull To manufacture exportimportpuysellanddecUintin ltanscontainersinc1uding boxes and tubes bottles tin tops ind]ldiIlgthose knoWr as~CrownCorks and any other articled qIld tight pressed metal articles of anymiddotmiddotkind and descriptions whatsoever

bull To carry Qn~ll and any ofthemiddotbusinesses as designers and decorators of and embosserspajntersprintersqnd lithographers middot0pound and exporters importers

2

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 8: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

SCHEMBltOFAMALGAMATION UNDERSECTIONS lt230T0232 AND OTHERAPBLICABLE PROVISIONS OF

THE COMPANIES ACT2013

OF

QRIENTALCONTAINERSLIMITED (Th~FitstTral1SferorCompany)

AND

SSINl~AlAUTO SERVICES LIMITED (TheSec~ndTrlt)nsferorCompany)

WITH

OlUGONIlNTrRPRISES LIMITED (The Transferee Company)

AND

IlrlElRmiddotSBAREHOLDERS

middot SGHEMEOFAMALGAMATION

A Purpose oftheSchel11e

This Sqhemepf ArnalgamCtiQnispre~entedunderSections 230 to 232 and other apllicable provisions ifany of theiqoinpani~s Act 2013poundorbull amalgaIJlCtionof ORlENTAL ltONTAINERSIIMITEP(the First TransferormiddotCornpany) middotand SHINRAltlJTObull sectERYIC~~LXMrrEP bull ~theSecondTrCnsferor Cornpany) with ORICONENJEIPRISijSLMITEP(theTtansfereemiddotCompapy)andthedissolution of theTransferorCompanieswithout~dn4ingup

B Dcscriptiol1ofCompanies

11 011cunEntelp1ises(OEVktheTrmsfereeCompany

The COmpany was incorpoli)te1as a private Limited company under the Cqmpanies AGti1956onmiddot7th()~clmlu~~1968inthe nanlltr of middotOliental Contai11elS PrivateLimite~ip tlieStQteopoundMaharaslitlaTh(lpampme of the TronlfereeCompany WaS changeqpoundrornOrientalC0lltaine+~rrivate Litl1itedto Odental Containers Lil11ited by deleting thewQrd privatdLtrbm itgt name ampndobt~ined a fmh certificate QpoundinGOrp9rationdllteti31~tMfttcha970Jromthe Regis~rarofCompanies Maharashtra MumbaiThenameoithelntnsferte Company waschanged to its preselt name ie OriconEnteJPlisestirnitedqndobtainaJresh certificate of incorporation dated2ncMayl 2006 consequent onchange of name Jrom the Registrar ot Companies Maharas11traMUl11bai

The main qbjectdausesoftheMemqranduroof Associltion of the Transferee Cornpanyanthorize the Tr~nsfereeCompany

bull To manufacture exportimportpuysellanddecUintin ltanscontainersinc1uding boxes and tubes bottles tin tops ind]ldiIlgthose knoWr as~CrownCorks and any other articled qIld tight pressed metal articles of anymiddotmiddotkind and descriptions whatsoever

bull To carry Qn~ll and any ofthemiddotbusinesses as designers and decorators of and embosserspajntersprintersqnd lithographers middot0pound and exporters importers

2

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 9: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

middot SGHEMEOFAMALGAMATION

A Purpose oftheSchel11e

This Sqhemepf ArnalgamCtiQnispre~entedunderSections 230 to 232 and other apllicable provisions ifany of theiqoinpani~s Act 2013poundorbull amalgaIJlCtionof ORlENTAL ltONTAINERSIIMITEP(the First TransferormiddotCornpany) middotand SHINRAltlJTObull sectERYIC~~LXMrrEP bull ~theSecondTrCnsferor Cornpany) with ORICONENJEIPRISijSLMITEP(theTtansfereemiddotCompapy)andthedissolution of theTransferorCompanieswithout~dn4ingup

B Dcscriptiol1ofCompanies

11 011cunEntelp1ises(OEVktheTrmsfereeCompany

The COmpany was incorpoli)te1as a private Limited company under the Cqmpanies AGti1956onmiddot7th()~clmlu~~1968inthe nanlltr of middotOliental Contai11elS PrivateLimite~ip tlieStQteopoundMaharaslitlaTh(lpampme of the TronlfereeCompany WaS changeqpoundrornOrientalC0lltaine+~rrivate Litl1itedto Odental Containers Lil11ited by deleting thewQrd privatdLtrbm itgt name ampndobt~ined a fmh certificate QpoundinGOrp9rationdllteti31~tMfttcha970Jromthe Regis~rarofCompanies Maharashtra MumbaiThenameoithelntnsferte Company waschanged to its preselt name ie OriconEnteJPlisestirnitedqndobtainaJresh certificate of incorporation dated2ncMayl 2006 consequent onchange of name Jrom the Registrar ot Companies Maharas11traMUl11bai

The main qbjectdausesoftheMemqranduroof Associltion of the Transferee Cornpanyanthorize the Tr~nsfereeCompany

bull To manufacture exportimportpuysellanddecUintin ltanscontainersinc1uding boxes and tubes bottles tin tops ind]ldiIlgthose knoWr as~CrownCorks and any other articled qIld tight pressed metal articles of anymiddotmiddotkind and descriptions whatsoever

bull To carry Qn~ll and any ofthemiddotbusinesses as designers and decorators of and embosserspajntersprintersqnd lithographers middot0pound and exporters importers

2

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

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allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

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Employees

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- - -

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11

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- - -

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bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

- shy ~

middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 10: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

buyersr1lellersanddealersin tin and metal plates and otherartic1es made by tin metal or otherm(1teri(1lsoanykinpanddescriptionandas sheet iron and tin platesworkersand JtlIJanJetterpressprblQcspriUterdesigner1land draughtsman engravers photograph~rs electrQtyperspliQtogr(1phic printers photo lithographers inc1udinga1lpriJ1t~rsmiddotoflaper1l(cardboard polythenepolyviva compollndsal)pninil1I)1til)platesandptlitrmetatandalloY1lheetsandon any other materi(1Landarficles

The Transferee Compal1yisengagedJnthebusil1ess of manufacture of petro chemical products LiqllidColor(1ntsandQ(1ding activities

The Transferee middotCompanyfsa PublicCornpany ard its shares are listed on BSE Limited and National Stock Exohange of India Limited

12 Ql1poundltalContaiMrsUmited(O(LltheFirstaransierorComan)

The Company WaS incorporfltedasa Private Limited Company under the Companies Act 1956 on l3th Febrllary 4006 in the name ofOr icon Packaging Private Limited in the State of Maharashtra The name ofthe company has been middotchangeclmiddot fromOricon Packaging Priv~teLi1lllted to Oricon PackagingLhnited by deleting the word tprivtlte flOl1lit$larnllilHlloPtaln(da fresh ccrtificateofincorppration dated 14th March 2006 conpeqUentonohangegtof gtnaI)1efrorntheRegistrar of Companies Maharashtra MumbaLThemiddotname 6fthecomp(lnymiddothas middotfllrthermiddot been changed to middotits present name ie Orientatco)tampJnetil~irrUte(Land obtained a freshcertificafe of incorporaUondated17thMay~006ltOl1Sequent llpon changemiddotonamemiddot from the Registrar of CompaniesMahalaillttra N1llmPai

The main object da1ts~sqfthe 1femor(lndqm of Association of the ltFirst TransferorCornpgnyauthQdzeJheFir~tTr~nsferorCompany

bull To manufacture expoJti import buy bullbull sell arid deal in tin cans containers including boxes and Olbes bottlestin tops including tl1Qseknown as IfCrown Corks and any other articled and tight pressed metalarticles of any kind and descriptions whatsoever and to carry on all and any of the businesses as designers and decorators of andernposilerSpaimers pdntersand lithQgraphersof and exporters importers buyers sellers ariddealersin tin and metal plates nd other articles maCieby tin metal or othermaterialilof any kind and descri ptiqn and as sheet iron and tinplateswor~ersand Japan letter press

3

TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

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23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

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27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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TheFirstTransferorlt=Qmp~is~rlg9-ge~inth~lt+sinessopoundmant+facturerofplastic

metalmiddotcaps cStbull closLlresi~llLlcl~rtgcror)1ca~slplastjcidpsllre+oUover pilfer middotproof cCpsmiddot(ROPPcCIPs)tivistofpoundcCpsan~lalumi41iricQllapsipletubes

The First Tra~fexoC9P1I~yismiddotlt1nlJnlistlqmiddotPuJJlitCQmpany and the entu-e ISgUegiSubsqibeg artdPai9c~pc~qLliqrBhareGalitalishelgby the Transferee Company13yvirtueQfthe~haleholdrtgpatteIt1theFirstmiddotmiddotTransferor Companyis a Whol1yOwnedSubsiqia+Y9ftheTranspounderee Compi1Uy

13 ShinraiAutoServi~esLimte~SAS~)ltheSec0ll~TrallspounderorCompany

TheCompany~asincQJP9ratedasaPLlplicLimteq]pmpanyunder theCQrnpanies Act 1956on14th Decemper 1999 in the nllnemiddotofJJSL$himaiAtttomobil esLimitedin themiddotmiddotStateof Maltuas4traThepameqfmiddotthecompanyhasbeenchang~d tomiddotitspresent nalne from U$LShinraiAtttqmoPUes LimitedtoShirlai1uto Services Limited and o btltinega freshcertificateofillCOIpqration dClteq 27 December 2010 conseqLlentmiddot on chunge of name frOJ theaeg~$tJ~J(ijf Cot~lplntismiddotMa4alashtr~MLlmbaL

Them~inQbjectdausesQfthe Memolinq11mof Association of the Second TranllferorColnpanya)ltholizeth(Second])an~feroliCOmpany

bull TOcarry ontbepm~jnessas)J~yerslsel1ersdea~~lSSLlbge~lersagentssub-agents sLllpliers tIadershireSI~~ufactur~lS sexvic~ISassemlJlers bull importers middotexporters andmiddotmiddottomiddot bull actmiddotasltlesseeorl~fgtsormiddotmiddotmiddot QfalLmiddotkipdsangrneans ofmiddottraT$port suchmiddotas aeroplanesaircraHslirpus~sgtbeHloPtersgliderstipsmiddotboats ~agonscoac4es cranes tractongt trailers trolliesmiddot trucksyansijeePScarsmiddot and all other kinds of vehiolesin~ludiJlgtwo~heel~rsitmeewheele1sandVQranynLllnber ofwheelsw horse powers used in transport defence agrilulwreconstruction whether operated by dieselpetrplgas SOIltIl orany1ltindofenergyorany combination thereof

bull Tocany on tbeJlUsinessopoundserVlcemiddot stationsgarageoperators and to deal in all kinds of automobile parts spares lyres tube$SeatcoversmatscltlVerS and all kinds middotof attachrnentlltndmiddotltclte$sQriesindLlciingstereos cOlnpad discs and drives lazetgiscsand drivesspelttkers cassettes and cassette players mobile sets hand phones car teleyisionsets and other attachments

4

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 12: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

The SecondTransferor Compilnywasengaged in the business ofsales and Services of Toyota Vehicles

The SecondlransfcmrCompaXlyis an UnlistdIublicCpmpany and the entire Issued Subscribeqmiddot and Petid 10pEql1ity ShqreJCqpitalmiddotmiddotis held by the Transferee Companybull ByvirtueqftheShareholqingpittterl)JheSecQnd Transferor Company isa Wholly OwnedSubl3idi~ryopoundtlwTransferEeColllpanymiddot

11 Oriental ContainersLirrdt~di9-AgShiPJCiAut9Sendces Limited are wholly owned sllbsidiariesofOlkQnEnterprise~Limited the Trltlnsferee Company All the companiesltlregtpartmiddotofthe$am~group

12 Iccordingly the BOltlrU of Dite(lors of the TlCnsferor Companies and the Transfereemiddot Company has decidedto amalgCmate the Transferor Companief togetherwith their business and llnClErtakings with the Transferee Company so as to achieve thepoundol1owing

A Rationalizingmultiplesubsidlariesin thc middotgroupto ensre oplimizecllegalentity structurelUQremiddot aligned with the business byredllcing the number of legal entities andreorgan~gtingJheJegaJentitie~it1tlVilgrouP StrllCltre 130 as to obtain significant costsavingsandmiddot lorsiIl1PlMicfl iotlbenetIts

B Significant leductioninthemultiBli9~ty of legalandr~gulatory compliances required at plel3enttobecarriedout)lyQEL OCL ltnciSASL

C Enable the sharehqlders of Qrkon Entirprises Limited to getdirect participation in the business qfitspresent wholly ownedl3ubsiciiqries(being OrientaLContainers LimiteltiandShinrai All toServicesLhnited)

D Simplified group andbusinessl3iruchtre

E Elimination of administJative functiollSanq mllltiple recorci~keeping thus resulting in reduced expenditure

F The aforesaidsynergisticbel1efitsaccruing from the consolidation would llitimately contribute to thefuture business and profitability of the merged entity

5

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

- shy ~

middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 13: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

13 Thus as a whole amalgamation of the TrallSf~rpr Companies with the Transferee Company in terms of the Scheme wiI11gt~henefjdaHorall the three companiestheir shareholders Jheircreditor$iemploy~efl customer$ al1daHothersconcerned with the three companies

D Parts ofthe Scheme

The Scheme is divided into following parts

Part I Definitions and Interpretations

Part II CapitalSJtucture

Pad IIIJmAlgamatiO~lQftht Tr~mlferor Companies with tho Trqnsferer lt-01111an)

Part IV Cancellation of Shares of Transferor Companies amp Increase of Authorized Share ltapital ofTn~n6fcrscCompany

Purt 1 Accpuntine lrlHtmelttin lh(lmiddotvuukH of thcTransferee Compally

Part VI Gen~ral terms and conditions

PART I

DEFINITIONS ANOINTEIPRETATIONS 11 Definitions

In addition to the worq$ andexpre$$ion$ depoundin~delsewhere in this Scheme unless it is contrary or repugnant to the subj~ltJ context or meaning thereof the following words and expres$ionsshalLhavethe meanings as $et out hereunder

111 Act means the (Indian) Companies Act 2013to the extent notified and all amendments or statutory modifications thereto or re-enactments thereof except where otherwi$e expressly provided

6

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 14: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

112middot HApPQinte~iOatelmean~lstltApri1lt2017prsuch other date as the National ompfPyLawTrW1tn~1fNCET1M1tmbaimaydirectfwhichshallbethedate

withmiddot epoundpoundectfromw hichthisScheme shaUlgtecomeeffective and with effect -

fromwhi~hdate ll-le Trapsferor ompltu1ies bull shall amalgamate with the Transferee COlppalwintermspf the$chelJler Hpon the order sanctiomng this SchemebecmningeffePtlve

113 HAmillampamilJiQl1me~ns~heandgarnatioJi asmiddotmiddotspecipoundiedmiddotmiddotundermiddotSectionmiddotmiddot2(lB) Qfmiddotthelncorne~taxmiddotAd1961

114 IIBoardofpirectQlsJinrelationtoOCLqrSASLorQEL as the case may be meapsthe13oGlrdgpoundPireptgrsopound there~pect~yecompaniesJor the time being andshilllinpludemiddot a committee ofdileptors or any person authorized by themiddot BOEjrd opoundl)ilectors orsuchcornrnitteeofqirectors

115 HEffective DateshalLmelln thelCstofthe damptesQn which a certifiedcQPY of theorderpassedby fheNCrr sanctioningthe Scherne is filed by OCL SASL andOELrespectively withtheBegi1ltrar of Companies Maharashtra Murnbai in terrnsopoundSection232 (5) 01 anyother provisions if any of the CompqpiesAct2013

116 financialmiddotbull sfaternetJts~iflcludestandalone and consolidated accounts Le balancesheetiStaternentofplqtamplQss ca~h pound1owstatemenj qpdnotes to account ofthe1J~~pound~rorltmnpaniesand the TrGlnsfereemiddotmiddotCornpanyas the contexjmaYJeqyeniJe~

117 IGovemmel1taVJutl1Qrity means any applicalgtle central state or local goyelmnentlf~gislatiyebody regul~tory or Cdntiriistrativeau thority I Cgency or commission or committee QrCnycourttripunal poard bureau instrumentality RegtStrar of Companies RegionalmiddotmiddotDirector The Qfficial Liquidator NatIonal Company Law Triqunal judicial or quasi-judicial or arbitral qody hayiDgllJrisdictionover the territory of India

118 fiNatiQnalCompal1yLawTrHnmlll means the Honble National Company Law Tribtmal MurnbatBenchthathasjltrjsclictionover OCL SASL and OEL or such othermiddot forum or authority thatmay be vestedwith requisitemiddot powers under the Companies Act 2013 in relation provisionsof 230 to 232 of the Companies Act2013

7

119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

viii

it nafureanqthemiddot1~ti~fit~ither~gfllltluiti1igmiddotliIJJi~lftionsmClqemiddotmiddotmiddotihtelation

theJetoOI~c~namp~~))l

all bull betlj~its~et1titIe~$t~~ iu~eh~~~~pdcqW~~ssions under incetfive schernes~miR91i2~~~middot~~~j~~W~B~g~~~ltu~t9W1jmiddottx~ise service ttlxmiddotGST VAT sa1eSmiddottCl~middotan middotmiddotc9~m~f~gt1~wsls1lpsigyreceivablesfrQtn GQverIUt1~nttbullpr~ ~~t~~~~eltfU~ut~qrit)lallmiddotothel direCttax hellefiMexeqtRtins~sectd~cti9nlli0SJ~Jestltl0def(mCllsi~otl1eextentstawtqrily availablemiddotmiddotmiddot tomiddott4emiddottes~~~tiY~W~B$Je~QrClt)l1panieSi Cllongwithassociated ob1igsectt~ptsil

aUCQBtr~ct~middot1~~~~~~Pf~I middotmiddotJqinfentltfe ~gree11lent inenwrand~nt of unde~sJand~giPfgs~elldetssexpressjQnsqfjnteest letters ofmiddotintent cOrnl11i~entstQ bull t9ch~t1tsOln~hothertfilIdRar~ie~hiJo tndlur~ha~e arraJ1g~ll1eI1ts9t~eJllriafl~m~nt~lJnctfltpJsIJgsdeed~bQndsin~~s~eltttlmiddot al1dJnt~rcentstil1iPyenQj~lit~~nq~rt~~e~NYth~1J~~poundelorC~mpani~sil1surltl1ce covels~ndcl~in1~iql~~ta~cent~si~l1dmiddotmiddotoll1ermiddotJnstrumentsmiddotopoundyvhatsoeyern~~re und de$Cjipti91(t~helh~JWdt~IPt()raJOlOfl1~rWiseto which the T~ansferor Comp~~e~z~rlFalitie(itPl1totpebel1efitollAljtichmiddotthe middotTran~feror Companies mayqeelgilgtle(HqIJttt~9tS)middot

all in~elleCt1Ja~Pf~ bull right~Qhth~v~1r~Asfen()l Comp~niesl bullbullbull fncentl11ding pendirtgflPRU(art911sectljj~~lUgit1~1l9r~W4reisgftwareI source iJlt~ para~eteri4aXiona~4[~cdEt$)~re~p~atiQrsi90osL~i11rJogosimiddot~ade ~ames trademar~SrstJvlceFt~Egtq9lyrj~h~~iP~tel1tstec1)pcar~kl1ow~~owptrade secretslflp1Uail1fl~~~~1~~q~lut~rPfqgr~esh11io~91~ights(middot~eyelopment rghts bullbull flli~l1e~~n(klthgQ~l~r~~earchCnltlmiddotmiddot~lexglowm~ntprogr~~sanclmiddot lttll suchr~gl1ts(~~h~t~9~~~Pq~~C~iptiqDmiddotmiddot~m4nawr~p~)~th~~middotornott~~steed owneqopMc~fl~~~3j49l~(ii~IH~anyJQrmQtintelle~tllaLproperty which is in prOgreS~L(lntelXe~~IIlf~qpeJty~i

allempl9Y~esopoundthe middotmiddotlraD~ler9rq9mpanicentSjwhether permanent or temporaljlelgag~ciln~OtjnreJ~tippmiddot~QtltetransteorCompanies ason the Effective Dateandi~n9S~s~rviltellareqCllsferreqJO the Transferee Company (Tran$poundr~+egijmRlp~~es~)fll1dcltmtri1nJtiQnsi ifapymiddotmiddot made towarclsany providentbull funde11ll~y~es statei~Blancegratuity fundstaff welf~re sche11leprapyptherispe~ialschemesJt]J)dsio)benefitll existing fpr the benefitQf rral1sf~rr~~ipmplQY~(S(~iFJln~~)J(gether with such of the

10

investoie~t~gt~jd~ly~tl1es~ bull E~l1PS1Wl1ichg~~tepound~r~~leltto$uchTr~rtSfeired

Employees

middotothe~guarGl1~ee~middotKI1ampC~apsferte~L~akiIitesl~)

ix all)oal~liqegtlgt~1Bott0Mt~8~(9~ttR~tiQ~~~centJJticentsforwardcontrf+Qtmiddot1iapility casl1i~~~di~~i middot ~is~~yenD~ea~g~terJe4il1RoRff=g~til1~wNJjapi1itp bullbullmiddotmiddotand liCi9ilitiesmiddot(i11S1 amp)Rt~~~itti~ftB+p~(lY~gqBfinamp~p~middot~Pilq~sl~ertaningto oP~isi~~iqMmiddotmiddot9~middot bull middot~Q3middotJ8H~~~gq~of~~)Tr(lllSferQre9l)1Hqni~slingl~$ii-rgoljl~g~~Iql1~bull e~~tingmiddott9g~~~ateesillmiddot~espectmiddotmiddotmiddotpf middotporrowingsmiddot and

x a111eg~J(WlW=tW~r0ciY~1()rmiddotcri~twl)taxiQn bull QImiddotdther middotproceeqitigs bull or inyestigatiQWQfyenh(lts8ever)~J1lJe(i)(~rY4igampt~osemiddot middotl)efpre any GQyer~efttal~~t~~~ity)th(ltp~r~into bull the bull TJallSferpr bull (20rnF~niesl initiateqRYbullbullbullmiddotmiddotOl(lg~i~stthe Tran~elorccPlTlpaIliesmiddotbull 9rproceeqi1lgs or investi3atiQnstQ~l1i~ltt~ecmr~nsfer9rppmpanies is party tp whether PQndin~qllonttC(yenlpoi1lt~qDateQrwhich1layhei~$titutedallytIpemiddotmiddotin theJutyre (rtpqeecltngsl)

xi a11middotmiddottilxes~d1JUoGrP9$flt4llqQritetfl~em~pounditg(JexemptiQrtSmiddotillcentIudhigmiddotHwmiddot bull light b)middotc~lajrrlde4tJPHnitpl~rr)for111ItJq bullmiddotlQ$sesal1dita~qredit$middotluldBrany prpyigiQllQ~t~ei~nC9~~1~V~~~~~bulleh~rth~t~~~1v~tP]~~referabl~middot ormiddotrel~tea middotto the bullmiddot Tran$frr l~~rfgtmRlllcifnefl~F83eqit~~nclerlnqoU1etax Aqt i1lclMq~~gi~l)~E bullbull ~tJOQl$middotI(J$ses(~~l1~)~ll(Jr~nyJepoundynd$inte~estdue thereqnqr~ltUt1l~qsl~imR1elfJzt~ngtheretQmiddot~limiddot middot

- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

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33

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c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

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23

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333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

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Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

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26

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27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

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514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

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518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

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5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

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NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

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119 lOrientalq~I1tainfr~H rnltilns Orl~nt~l Containers Lirrtited (CINP28992MFl2oOtlI1rC~q998Z)iIlnUAlistedI1ublicC01l1panyWhichmiddotwas inco~porat~ltiQJr13tnJleWp~ary bull ~006tJnd~rtll~CQrnpaniesAct 1956 having it1legisteredQPtise1t1Q(qQrEMQsesRQad WorUMurnbai r400 018

1lJOOdcOlli l3lltfrpri~~fln1l1eanSOricortEnterprises Limited (cIN L281OQMIi1968PLC0l4tp())a1iste4Rub1i~Cornpany which was in(Qrp9rategQn7t1p~(centA1berl1968tJlder~heCompanies Actmiddot19q6having itsregistereg 0keatl07(EJrE11oseslolldW()rliMtJmbai 400 018

1111Sd1~1l1ell bull mean$thts~h~rneQfArnalgamationof OrieIttalmiddot (ontainers Limited And ShimaimiddotAut05elwices1imihidmiddot with middotOricon Enterprjses

LhnitecL initspresenJ f~mn or w~thany mo(Hfication(s) made under paragr~p46i~her~opoundmiddot

1112I1Shinr~i Auto means Shimai Auto ServicesUmited (CIN U353Q1IvlHl~99PLC12~o)1 bull anunlistEldPubHcCo~npltU1Y which was incQrpor~tcdon26hO~tbbe~gt1~99middotuHIl~r lheOompaniesAct 1956 hltwing itsmiddot r~~tste)JedQpoundpoundi~entl076[lr EMo~e~RoadWprliNakumiddotWorli Mumbai 400018

11J3 Supsidjllpr rp~al1$~Jlbstgj~riesmiddot ofQrkpnEnt~rprisesLimitedunder Selttion2(~7)opoundtheAct2013

1114 IIrr~llspounde)orCoroPllni~s1Jie(il1scentolleCt~verYQotlTthecompanie$ ie Orieptal Cont~iners Limitegcl1dmiddot~hil1~CilJutoServices Limited xam~lgamatingmiddotmiddot into OriltQnmiddotEnterprises Lirnitedin tepn(lmiddotmiddotof the Schel11e

1116 TransferredUndertl~~pgn meansal1g inc1udesthe whole of the undertakingofjl)e JnusferorCol11PClliestogetherltls bnthemiddotAppQinted Date (turtherde~ils of whichatesetoutil1P~ragraph 32 thereof) and includes

i all assets oftheTransferor Companies wherever situated as are movable in nature whether present future or contiflgent tal1gible or intangible in

8

ii

iii

iv

possession or reversionmiddot cQrporealor incorporeal including without limitation currenfassetsifurnituremiddotpoundixturest middotapplances accessQries office equipmentcorlUrulnicationfacilitie~installltions vehicles utiUties tctiona1gtleclairns earllestmgnies security qeposits and sundry de1gttQrs bills ofmiddot exch~ge~inter(Q~porateci~p()sits bullbull financialaf)setsand accrued henefits theretqmiddotbull i~uIance91~i))lsrec()verableprepaiCiexpensesoutstanding loans and advances recoverahleincash or in kind or for value to be received - - - - shy

proyisionsrecejYablesfunqs cheqties~n~tdther negotiable instruments cashindba~balancesanciciePQsi~includingaccruedintereststheretowith GoyernmentalAutbqri~10therltlthqritiesbodies C11stqmersandmiddot Qther personsihenefitsQfanyhankguaJanteesmiddotmiddotperformanceguaranteescorporate guartnreeSi lettersmiddot of qediJandttxrelt~ed tssets (inc1udingservice tax input creditsiCENVATqegitstqSTvaluetddedttxstles taxmiddot entry tax credi~s()rsetQfpoundsandattYCltherJtxhenefitsexe111ptioRStnd refunds)

all hWn()Vlibllprop~Jlte$([e land tQgetherwith the buildings andstrudures standingthereonmiddotmiddotorundercons1ructiQn)(whethermiddotmiddot poundreeholcilf1f1s~holdl leave and licel)lledoro~h~rwise)induding Clnytenafl(iesinrelation to office space buildingplansguesthpuses andresidenti~lpremises middot inc1uding middot those prl)vid~dmiddot to ocq~lpilahythe1)1Ul$lClrlluEmployees(as defined hereinafter) anddoqJmentsopoundtitlerig1ts~n4e~sements inrt=la tionthretoltndltll plant andmtchineliesltconsrleuroteC9nor embed(ledmiddotorattaGhed to any such itnrJtovableplqBertiesalclaJlmiddotrightscqyen~mtsG0ntinuing rights titlemiddotand interests inGonnectioflw~~hthesaidinunovaPleproperties

all investrpentsoftheTranllferor Cornpaniellinc1udingin the form of shalesscripsstqckspomis middotdeb~nWres dehenwrestock units or pass throughcertiiicatesand othersecuritiellandinstruments inel tiding all rightsi jnteresLandentitlernentinrelationtheretoand rights and options exercised and application Olsubscriptionmadefor or in relation thereto (InvestmentsH)

all permits licenses permissions approvals consents municipal permissiqns 1gtenefits registratiOnll rights entitlements certificates c1earances authorities allotmentsquotts no-objection certificates and exemptions ofthe TransferqrComptnies induding those relating to privileges pqwers faciHtiesofeverykindanddescription of whatsoever

9

v

vi

vii

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10

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- - -

xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

NoteNol~

bull The13o(ltdpoundimiddotPlre~~glspfqrientaFQQlilt~illersJilTlited(OCt) and Oricon Enterp~~sesmiddotIimg~a~()~L)lttthebre~1~9jiyeme~til1gheld middotmiddotmiddoton bull 27thOctober 2017h~Y~middotslJ1gtjeqtt9th~~lployltuo~th~shareholders~pq~sedmiddotaresolu~ionpoundor theprpposeqsaleflttranspounderqfjhebull bllsinessofmiddotmiddotmanufaGturingmiddotexporting impClrtingbullbullb~yil1gse+linganggeqlJtlgjnrawmaterialsand ltiQstUes made of metalandHlasti~sgt(clQ~1llepqsADess)OfOClas agQingcQncern middotonslump

11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

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bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

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124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

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127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

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HARTII

21

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23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

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24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

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11

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120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

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13

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HARTII

21

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23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

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14

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31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

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32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

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a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

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33

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c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

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23

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333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

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Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

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26

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27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

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514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

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518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

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5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

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AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

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CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

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xii all middotmiddotpopk$ bullbull3ecpr9~Ff~les~1aer$2e~~i~~~rW~rbullmiddotandmiddotmiddotprocess bullbull middotinpoundor~tion buUdi~gpl~n~4~t(lq~~escampt~1~pesqp~tampjiQf~raclyertisngl11atedql~lists of wes~ntalldf()r~~pqre~jth~~~a~1()~the~b90ksand recordSwhethe~ in p11ysi~almiddot9ri~ltgtr()ni~f8rmmiddotmiddotmiddotopoundbull tb~middotWlaDlpounderpl~OlTlpan~es

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11

excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

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Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

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Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

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26

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424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

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514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

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518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

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611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

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63 Taxneutrali~middot

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632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

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642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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excha~g(1asis~sp~rbulltheBusnessTJanspounderIgre~m~nt to Qric~mPackaging Limitedc(qB~)asub~~qiaPYQfQrientaLCol1taineJsLi~ted(OCL)andastep d9wnsullsida~YQpoundQEL pound01 conshferationof49iSOOOOmiddot Equity Sharesopound RsmiddotIObeahPfQJ~taggrJ~giting to rlJ495crQle$

- - -

bull Ute8Qard qfWi+eqt9X~9poundOrititalgQlfainerlrLjrnited(OCL)andOricon Enterpris9ALimite4(middotQIL)~t~JteirmiddotresRectiyenemeetil1gmiddotheldon 27th October 2017 haveals~su1gtjecttotheipproyalortheishareholder$lpassed a resplutionfQr~al~of~~5qOPQEqlJityaresmiddot(coristituting 51middot Equity share capital19pound9rJcpn7~a9f~~l1gLimite~k(9BE)flwlSibyOCL middottoBelliconi ~ C~rAmiddotQfits~o~rwefWel1iconi) amiddotmiddotcpmPaFYinCPrP9ratedunderthebull laws of 1~lygtapound~~rqa~~~rofltc19~urbus~BeSfgtctO QPLand bullbullbull poundulpoundillment pound agreed cQnditiqns9-n~er~l1~~~elmd~wdlafgteAwcentementttanenterprjsevalue of Rs41940middot~voh~ssubjecttol)et wOllltinggtc~pitali netnancialppsitionand otheradjustrn~Qtsa$ijgrcqd

bull TneapFrcVal9tsh~r~hQ~q~JsisbeingsoughtQyOrientaltontainersl~imited (Qrzt) ~ndOJj~Qt1ntetpLj~esLimjted (OEL)r~speetiycly Ptlrsuant to the proviSiQnsof~e9~ip~vl~9(n (a)anslot~erreleyant provisions of the Cornpa1~eBAltj4013t~iJ~middotaI9ng w~thSE13ILODR)RegJdationst2015

Note No2shy

bull TheEcHli~s~~reJ~l~e~siorShiruai At+to$enrices (SASL) andOricon Enter~rise~middot~I~tml4~~lEE)~a~eB9sSeAs~F~ratespedal bull resolutionsmiddoton middot28h SepteIDR~rjF2Q~Z1~sf~~CliGt~per4Q~respe~gyelyunQer SeQti~n18Q(1)(a) andQt~e~~apll~lall~~ltc)VisJimSitltmyottheGompaniesmiddotmiddotmiddotAct middot2013 read alQrt~thSEI3I(~Ql)R)middot~Regulatiomh~015fQrsale transfermiddotopoundmiddotmiddotthemiddotbusiness ofprQYi~ings~~siancentis~JYiqesqpoundJqyotayehlclesinthe name opoundandstyle or Shinrfiroyot~t(r9tQt~9~a~ersNp~usectiIleSlraquoQf$A$L as a goingCpncern On slump saleb~sistorvIaOhub~nMototsBrivateIilUited ontheterrns and con~iitions asatdltlQIYnin theusiness Sl1lmpSaleAgreement

bull ThetransferQf19Y9~pealershipbusiness (assets andliabjlities) is under process and the Samewillmiddotbe cOJ11pletedin 11lecourse of time

12 Interpretlti()lls

12

In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

~_ ~C _ lt _ _ __ _ ____ - - -

122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

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BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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In this Sch~J1LeunlessAhecltgtnt~xtcitherwi13er~qlires

121lS~ferelGeSinbisRsh~etPIlYJ9rthis$qheJllebecprning effectiye or epoundfect~verteSS ptthi$~cheroer~haUm~ilntltefEffective Date middotof the Sch~mej

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122 repounderenCtst()thesing]JJ~lipcent~lqe~r~~t~ncemiddottoplUlaLand vice Yelsa and refereiicetoange~g~l1~J~1q~esarefet0e1Femiddot~pal1otheJgenden

123 Referenlte toP~rS()l~~slr~nilJ$lude~~~iyidvltlshl)(iiescorpor~te (wherever iJlcorporated()tunin~o~p()rate9211assoeiltlti()rts and partnerships

124 Headings areiMer~e~rlqr~aseltoleference oWyandshallnot afiectthe constrt~6tiorrorinte~Pletat~onmiddotofthisSd)erne

120 Eetep~nc~~ tP9V~1ilii~Rh~h~llbe deernedtobe (jreferenccmiddot to n paragraph or$ched111emiddotothjISChe)ne

126Refer~nce tolt+l+eWorqsltheliof henHnnnd hereoy and derivatives 01

slmUatwoJJdsret~rtt)JpiS~lltile3cheJ1Le

127 referenltes tQth~VQF~J1in~l1JdingjmiddotlljnJel~1ialor~ny similar eXJr~ssiort shunQ~construeQ(a~middotjJlq~tr~tiveaodshannot1imittJie senseopound the words

128 any referencetQ anysWtule or$tatut9~YprQvisionshall include

i allsubordinateleislatfQflsl41fvefrom timetotimeundel that provision (whether OlnptaIAcentrgedrrnoqifiedire-enacted or cQnsolidatedfromtime to time) mdan) retJosp(stiye~lrendmen~i and

ii such provisional frol41timetotiIneilmended modifiedreenactedor consoUdated(w11EtJielbcentJQre()raft~lcthefmngmiddotofthis Scheme) to themiddot extent sucharnenctme~krt19~gicatipnfre~na~tmeI)torconsolidationapplies or is capablemiddotof)aRPlYingtQ~em~tterscontetrplatedJmderthis8cheme and (to theextentliaPUitytheteun(ilerl41ayexist orcangtatise) shwlindudtl any past statutoryplpvisipi(~s al1Jenctedrno(iifiedre-enacted Qrcopsolidated from

13

tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

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Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

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26

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424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

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514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

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518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

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611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

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63 Taxneutrali~middot

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632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

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642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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tirrtEtotiU1e)whkhthepr()vi~iop refer)EP tohcts bull directly or indirectly replaced

HARTII

21

22 The middotGapitgL~qtJSf1Jr~~ofiShipraiAtJtoS~rvieesl~irnited(the Second Transferor CQrrtpalJY)as Qn91~~Narqlj2017i~i~t()lt1r~IQw

23 TheGapitltUstr1JpwreQpound()lJicotl~pterprIses~imitegmiddot the Transferee Eompany as on3+s~NEJch2Qt7isset01JJpeI9W

349(WOOOO 10OQ000

bull

14

middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

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AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

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Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

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middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

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middot Th~~~W~~lc~itj~mt~qn1patY~WTrip~n~lNCHf)vict~ its bull Qldelclated 18~6~Jp~r(i391iJ11~SissanctjltB~(~middot~heciememiddotbull9pound1m~lgamltlti9tl1~tw~en ql~COFdhmiddotQF~lti~~Plh~~t9cIii1l1i~c9laquo)PP~)~illtqliltnmiddotbullbull EnLel1Jlse3 bull tl1git~Ll (OEMmiddotP~bqantmiddottQmiddotthesaHiSchelneQf Amalg~ullati01middotbetweenmiddotOFPLmiddotand OELtbefu~l1Qr~~~middot~haJ~ gapital ofOFPLamountingtoRsQ5()i()POOO~ has1(~eDtr~psf~rle~t~mqmiddotmergedmiddotwiththeJf~thQrizedmiddotmiddotlhare capital of GEL Thusth~b~~hqJ~zecfmiddotSl1~e C~pital)fOEJgtWill reRs4l50OOOOO~~Uvided middotintQ2QZQpgQQoijltltyshares QfRs21e~chandl0000PreferenceShares of Rs10Q~eaqh

24UPtoal1~ bullbullas9nbullbull the4~te()pound~pW(w~~ofJheS~hemepytlteB6arq ofDirectors ofqeLS~SPlta~e9~IJle~pe~~Yelytl1elejslJ9ch~flge in the bsiled S~R~c~jJjeq~p~j~~i~llP~l1~rf~middot~lHit~(Qfth~r~sectpe~tiM~middotcoxnpani~$

PaR1NlI AMAfG~M~miPN~jPt~f~lt~~S~~~~i(~~~MJj~~i~smiddotmiddotOOTamiddotmiddotmiddotTJ1A~SPEREECOMPANY

31 Tral1sferampVestingoftheTran~f~rorComparties - - - - - gt gt _ --gt~-_( -- 0 _gt~--_~-_7--Ylt_-_ f- _ -r___ ~ ___ __ _

lJPonthe9tqe~otlJhEl~N~~If$aJsti9J1il1gthe~chemepecQtnlngepoundfectivemiddotonmiddotanq poundrQJn the~ppgiritedJ~~t~ytheTran$feJredmiddottTndertiFlg of the Transferor COtnpanicentSSl1int6getherwi(~n~t$PrOp~rtiesect a~set~~agreements jOintventure Agreemen~s(e~pressi9xro~lnterest(EOr) right$1JeJ1epoundits interestsmiddotliabilities andmiddot obligatjonssu~ject9ti1~prpYisi(rnsqf]9-ra~aph S~hereofinrelationtothernocie Qf vesting~ndWithR1lfanYll~herdee~9rac~ andina~cordancewithSections 230 to 232 0pound theCompltniesAct~landaUotherltlpplicableprovisionsoflawbe

15

trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

- shy ~

middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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trmf~rr~dtQandV~$f~clinanampb~deemedgttQmiddotllaMebeeritranSferred toand vested intheTran$pounderee~orhp~llyaSqgp1hgconcern

32 Witho1Jtmiddotprej1Jdicet9theg~n~Ja1ity8poundtJle~Qreampqingand tptheextel1tappIicable unless 0therWis~ stated ~hereiX)qponmiddot s~9~deropound the NCLTsanctiQning this ScheP1emiddotbecprningeectiY~i Ollmiddotmiddot~nQpoundrom tlIemiddotbullAppciintedDate

321 Assets

a) InrespegtQfsuqFt~sect~ts9pound~he Tra~ferprltplP~aniesas are moveable in natuJe or are Qthe~ri$ec~p~Rl~~~~~l1Spounderlgty~eUv~rxmiddotofPQSse$siOllJ paymentmiddotorby endQwement and~qelive~Ylthe$ameshanstarrgmiddotFanspounderred toal1Qbe vested in

the Tran~~ereeCQmp~gy ltl~g$hallbulllgteg~meJ~ejprppertyofmiddot the Transferee middotCompanythevestingp)Jfal1ttobull tljifp~lr~grePhmiddot~hallgtbe deemed to hwe oCC)lrredby middot111an1JalcteUyexyorenq9rsero~ntmiddota~apPJopriateto the property beingmiddotmiddotyesteqandtitl~tothepmpertxsha~lbecteemedmiddottbhave beenmiddottransferred accordingly~ withoutreqt1i~ing~~epltion ofcl1ydeed or instrument of ~ol1veyancefo]JthesatUe

b) InrespeGtQf sw~hgtass~~~t9f the Tran$f~orGompanies as middotmiddotare qr r~present InveStnlentsregJsjgrecianqtorheld~ngtanymiddotfQrmmiddotpy orbeneficialinterestwherein is owneq IjytheT1lln$ferorG9mpCn~es the Same shall stand trans~e~lecttJansUlittedtoandlt1gte bull ye~teliinyan(lJorbe deemeci to have been tramferredtral1smittedtoiomdyes~~dilltl1~middotWfall1fereeCQll1p~nYitogether with allmiddotrightsbenefitsandintePestmiddotther~~Ilormiddotatta4~edth~lietow~th0utanyfurther act Oi-gt~leeclbull al1dmiddotJ4ele~RQ~middotth~irlansfelolGolllpaniesshallceasemiddot to bethe registered~ldor thebeleJidalqWlJerQf StJchinvestlnents The Transferor Compapiesshallbedeemecltobeno14it1g$Ychillvestmentsfor andmiddot on behalfmiddotof and ilitrustcpoundQrandpound9rJhebenefttoftl1emiddotg~~mspoundereelto111pal1Ymiddotand all profits or dividends and Ptherr~ghtsojbel1e~~~s ~q1llilJglpaJcidistributed on such investmel1tsandmiddotalltatltesthereQnbullbull Ql losses arising orexPenses incurred r~lating tosuch inyesqnentsshalJQrallirtt~l1tanQpurp()s~sheheated as thE) prpfits diviqends rights benE)fitstaxe~losses orexpE)nsesas the case may beoi the TransfereECornpClny

c) In resPect opoundsuch of the mQveableassets belongingto the TransferorComparues other than those specified in paragraph 321(a) and (b)hereof incuding sundry

16

oebtqrSt01M~mgi~~l9~~)~~qq4Vn1q~$tifEtl[Yir~cent9x~rqbleincashor inkindor valueb~ res~iV~dj)~l1llaquoq~lqlJ~~sal19 o~p~$~ifqnYI the same shall middot(nqtwithstapcliX19~~~th~fmiddotjh~~ei~xali~~~qlfiqpr9v~siqufOrtpansferqfcredits

middotmiddotassetsorreflln9Jllnltl~ljt0~~lPl1~~Pt~~~~s~~l1rreyenerappliqalJ1e)vvith0ut Ciny middotfurt~wraqtlinsrl1le~t()t~~~Prffcth~rra~tr~Qrmiddot~H~p~mesmiddotortkteTransfexee Compafybull qrthef1~~d~o~middotaB)~~q9~s~nl~t1t~fst~ndmiddotqansferredmiddot frommiddotmiddotthebull Trangtf~r9ri~on~~lJ~Si~O~~Biirmiddotfay~~r9fmiddotth7iigt[r~Bsfereemiddotcompany Any sec~rityflienmiddotenc~bra+1qiei9rSha~secte)8reat~SlmiddotQ0~rilnyasse~sinmiddotmiddotmiddotrelationmiddottomiddotmiddotthe 10~Wsf bull qr1qJrqmn$~~Ieamply(othe9~~si bullbullbullbull 9fith~i~~a~sf~~orcQntpanJesshal1)C witktolltmiddotaJyzfqrtll~fl8tqr(ge~g~t~nltl~~fyentegi~9tl1ep~wefitopoundtheT~nspounderee Comp~nyndthefpltnlJ~reecg8fA~My1lTWlj~yen~allmiddottl1eltr~g11t~ofthemiddotmiddot1ransferormiddot Compgpiesmiddotbullt()eBpound8)~e$~81y~eP1flj~~M~n~mfumpnme91cliargebyvirtue of th~sSchellle

d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

attachedt9~nylUiibullbull bullbullbullbull i tJwrpp~iesanqa~xlglt~19~venantBconijflu~ng rigptslitjtl~~~gi~tef~$tdnG~~eGtipn~tltt~eW~i~cjl111UPv~bl)e bull propertiestmiddotbull ~hall stan(lcrran9fe~regctoanqs1~Ne~t~rljniC1nobeCl~emedtohavebeeritransferredmiddot to anltibullvesteqJimiddotirlbullmiddotmiddotthe(Wr~~~secttee~~oU1~~B~t~lt~1Jtianycmiddotbull f~rther bullbull ~9tmiddotmiddotmiddotmiddot 01 middotmiddotmiddotde~d donee~e~MtedQlqei~amp2~r~9MireflttoJb~t~PB~A~~eltutegmiddotpymiddotbullbull themiddotmiddotmiddotmiddotTransieror ComIJanie99~tl1erransfele~~0qWRatfXqrQothltfheTran9tereeCompanyshall bemiddot entitledtQ eX~rcigemiddot~m9eJlj9)~Hl~amp~t9a1ldpriynegesattachect to the immqvCiblepr9ferijesa~g9Altl11Qeiliableit9paYfhe~rQundmiddotrentandtaxes and fulfULqU QPlgfttiorlSa1OmiddotPeentitledtp allrtglMinre1atiQntD 01 asapplicable to sltchiIllU1ovablepropel~iesmiddotmiddot

322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

theJ)ansfee~~OmBaipy(

349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

- shy ~

middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

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Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

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BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

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d) AllimroPYlt11Jlpr9R~Jti~smiddot9f1~f~11~~efqltQl1~~nie9middot(i~elanOmiddotmiddottQgetherwith the bUi~cli~g~an~ii~trlf~tle$ middotsJ~l~il)g(t~epe8n 01 under construction devel()pl1ler~Jigh~~ik(~~eter middotpoundre~h~lq)leaseh81~ bullmiddotbull leave and bull lieensed or otherwise)dlcl1lg~nglt1ftYten~nsiesiI1telathmtgwarehouses bull middotoficespC1eeguest holtsesmiddotiandle~i~e~t~~l~fefAfses inq~~ing9s~prQviiltgoqt1piedmiddotby the Transferle4middot~mpl~~~rsalqagmiddot9~cBl1lent~t~itle)middotmiddotmiddotmiddotri~h~iltlndmiddotmiddot easements bullbull in

relqtion~lleretoi9nqmiddotallRllt1nyenmiddot~~Fn1qchine~iescI1~l+7~cteOQnQrmiddotmiddotembeddedmiddotor

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322 Licenses amp Certificatesmiddot

All Lieenses P middotbull middottmiddotra imiddoto s ampbull wnershpmiddot middotka iss d middotbY s ermIisbullbullremiddotPs bull middott n middotbullmiddot9 bullbullmiddotcerill te ue middotvariou regi9terilJgampstatut9rya~tl1PritiesrelatiI19tPtl1e Transjel0rCOIllpanies shall stand transferred tQand1eveste(hintkteIraJl9fle~CQl1lpanY witlwut any further act or

17

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349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

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AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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349B~nefit~lErttitl~~~~t~~llcelt~esiaJi~i9()l~e~~iotis ~( - -gt- - gt- C---shy -lt _-~ -----_--gt - lt -- -lt- _gt -gt _ - --shy

d~~4lti()~cent]yent~centUt~n~f~lle~ffi~1f1l~8i~sor~e~1~p~t~xeeoompanyancibeinfull forq~~nqeftsectQti~Ja~~l1~~~t~~c~~B9t~te~qPJA~StnYA~$~the~al11emiddotwereor~ginally givePt9fmiddotmiddot i~~tl~ltiit()i~v~~e~~t7gmiddotmiddotmiddotiWt~yq~Jp~bullthiei2lJ~~~t~~eemiddotbullbullbullC9l11partybullStnd bull the TrClnstereemiddotlttq~PCln~middotsn~Jldl~)middotmiddot~9~f~middotllYf~n~2t~r~tl1~Weofftheimiddotobliampationsbullmiddotand ci1ltiesmiddotthen~~~g~~rgt9~gt~e~~amp~tsectClnglieBen~l1l1ge~theCll11e shaUbeaY(lilablet9

AUbenefitsf~rttrtt~~e~fsJi~G~ntj~e~anF~QhS~~~iq~~1~n~epincentjve$~hce~es~nqpoli~i~S~h~tt~e~~~l~iq~~centJ~t~nlfgfpr~9111g~fti0~iliepJ~tledtomiddotinduqillgmiddotmiddotmiddotmiddotttnder (Justomsectlmiddotmiddotexc~eJmiddotsect~tyiR~JtaTIjilt9~y~~ bullbull f~~~~~2a~~ll~en~yyt~lt~ndjn(J0rnet~lawl)l su1~idJ1ec~i7gtmk~~~~~rQlH~9yen~~lyenw~n~)~allt$~r~~lial~XgltrlV~mnentalauth9ritYI tlire(]tta~ltpen~f~tcellte~pPi~~sAqetlH~ttO~f~~~li)t9th~~~t~lltstat1ltQrilrayai1a1l~ anq~pngwi$a~~Oltii~te~~BHgatiP~~t~~~n(ltJr~~rredJoandpeavailabletomiddotmiddotthe TrWllpoundereelto~R~ilYi~sectiirampte~ftan~fre~iq9rn~anyvya~originallymiddotmiddotbull entitleqmiddot middottoaH sttchben(pounditsentJ~l~ent$iipcentiye~~ntconc=s$i()ns

324 Contracts

a) All C()nttac~ang~gre~tll~ll~9fthelranSpoundew~qqmpaIl~eswhigh are siIbsisting or having~ffeQtirnnt~qJat~l~R~f~rethe~poundfe~tJyeE)at~l snQUstand transferred to andves~eclinthe12r~ll~poundeteeG0n1J1all~Jl~~R~4nf4JlfQt~e~nqmiddoteffecjinmiddotfavour of theTtlt1nspoundere~~9w~~n~~p~~m~~~IJ~w~l1for~eqRyoxmiddotagai~titasJullYand efpoundectB~IJ)I~middotmiddotifi~~te~9()pound~~~middot~(Jpsecti~r9F~gn1P~iesectmiddotthemiddottJxanspoundexeemiddotmiddotmiddotcolllpany hadbe~nClPaFtYx9rp~~et~~~ilpYor9~lig~~t1lirtQmiddotmiddot

_ _ _ -_- _ _ _ C _- -_gt u- _ _ -__

b) Anymiddotintex~semiddot~ontt(tctsb~~~centnthewx~t1S~eior~~0+rBlnie~middotolT0ne handartdthe Transpoundereemiddotmiddotmiddotmiddot~()ll1Ba~ymiddotnltthe~Pthert~~allgiiiTrapsferor co11lpaniesmiddot amongst thep1selve~shStl1$tpn~caJtqeJecial1cimiddotce~sectetP91erateHPortthecomingintoeffect ofthisScheme

c) AUmiddotglJaranteesbullbull proyfdeg8yaRypaplltin f~vourmiddotmiddotopoundthebullbullTransferorbull Compahies otttsta~ding~s9l1ithe~~~~t~ye$~~t~shallye~ti~middotthe1raW3fereeCOlllPany bull and shallmiddotenurel0tlJeampenepoundit8fmiddottfte~ran$fereesectp11lpClnyandalltwaranteesissueqby the bankerSofthel)i~LSferorCop1paniesatthe req1lestofthe Transferor COlllpanies fav9ilriBg~l1ythiJgparty~h11pegee~edtol1ltlvebeen issued at the

18

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

- shy ~

middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 26: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

teqtlestofthf1i9psfer~~8Qmpariyapd~(lntji)]l~lnfltivpu1ofstIch thirdpltlrty till it~maturjtyQreuUer)t(l~~n~Qn

Al1Int~leqtu~middotprcnperty9fttteJr~nsfetorGEPlF~nie~$hltlUstariClmiddottransfetredto ~nd bev~sted~t~eWf~nsttr~~middotCQmp~lyaDdbejnftlllpoundQrpe~n~teff~cfinpound~vQurofthe TransfereeComp~nYmiddotaJ1dmiddotlJJlyfgt~~nforcedbygtor l~ainstitps6dlyandepoundfectu~l1y as ifinsteCjd~middotQftlWr+~nsterQrmiddotCompaniesitbelransfereeColllpanyhadbeen a party 01 lgteneficiary91o1Ug~eJhereto

346 T~an8ferred~mElo)ee8

a) AllTrqnspound~rre~tEmpJQyeEsof the TrlnsJerorCompaniesshaUhedeenledto hltiyebecornetheemployees and staffapoundtl1eTralspoundereE Company with effect fromtheAppoiritedPateandsh~LStar)diJansferred lothe Tr~nsferee Company without anyintep-uptiollqf ser-Vice 9ndortterms and condit~onsno less fflvwablethlnthoseon whichthey~reenampaged middotby the Transferor Comlaniesasollthe~fpounde9tivePCl~eillelugJnginrelation to the level of remtlD~raJiQnnd9Pntl~ctu~Lillld~ttutQrybg1iEfitincen~ivgplanstetJninal beneftt$glatuityplansiPJo~klel1tRlansallqaIlY ptll~lr~tixement benefits

b) The Tra~ferellltQB1parYcagree8Jl1atgttl1es~JVicesQpounda)lUal1sferred Employees wHhthe Tral9JeJQr~IDpaniespdQlto~etransfelshalLhe ta~entnto

accQuntfQrtlW~PJJrp~sEHof~lLpenefit~tQ~Jtt~hfgt~~h1Ja~sferredEmployees m~y begteligiPlt 4n~11lg~ngin Jelati~ntQtIxerl(~el0fJh~muner~~0nand cQntracttalaIlq ~taWtQrYhen~tsiACellthtemlims)terlUinal1gtellepounditsl gratuity plal1S1 prQviqentplaJ~s~nd)othSttetirelU~ntbel1efit8andaccotdinglysha1lbe reckpnect fr9lUtheltdateot~eir re(lpe~tlveappo4ttmentinthe Transferor CQJllp~l1iesThefrClllsectf~r~e)C~~panyWlqertalltesJopay bull the same asMd wlJen p~yableWlqer~]gtplim91elaws

For ~YQjd~nceQrdQqllt~inrelatiQnto thqseIraJlsferred~pl()yees fOlwhQm theTtal1Sf~lQrCqIIlpam~ 4rpaklng cpntJtbuionsto middottheGovernment

providel1t fUl1Q the Jrgngtfere~ Cpl11p~nyshall standSli bstituted for the respective Tlan~pound~rQrCQmparties fQl allpulposeswhatsoever induding in relation to the obligationto I1lallte contributions to stlch funds in accordance

19

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 27: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

wittt~thePrpyi~fo~~8pound~li1poundHndspy~-lqW~Ie~ bull inrf$pectof theTransferred EntpJpye~s

c) AUcoll1+ibittitgtnswCiePYt~el)la~sterprmiddotmiddot~o~pltnJes onbehalfmiddot of the Tr(lnsferredgt ~mp19yen~~si~hdqllGQ11tril1ltiq~~gtm8depy bullthe -paniferred Employee~)~incltldilJ~it~~4i~tei~sJsf~WllampJh~re()PIt()t4eR~ndsiu1dstatldillg tothecr~~ltt9pounds1l~~~rl~pounde~r~d~ijHlpl~r~e~ljlcQ~ntVithsuchmiddotFundsmiddotmiddotshall

uponthjsSdWl1)~J~~~Q~~~~~f~~ctt~W)b~i~~sf~rl1e~itPtllebull funds~~intained pytl1efr~P$f~~e~i~~~)l~l1X~1~~~fwitlXistt9~QttlwjnycentstmentsmiddotmadeRymiddotsuch

middotFundsfl)i~h~re~efer~gle(n~ql1osect~bleJo thelr~l1~fered~mployees and the Trltlnsferee G91]U1~l1Y~~~iri~~~~9substitute~ifg~bullmiddot(th~imiddotbull TrallsferormiddotmiddotiCompanies WithilegCrdtothiJ)pgg~gp~t9i~~~the~~i4i~Qntripution~

ltt) Th~cQntr~Qutionampxn~~~~~i1thetf~Cl~~poundfirp~~G9Pw~Ne13gttlnQe~applicltlble law in cqMectionvYitrtheIf~~ferrdf~q1plQyeest(r~tKed1~nQs formiddot the period after theAp)Jinte9Pet~sectwUi lie9~ePWdtol)~ontrrllftions made by the Tr(lntlf~ree(JompanYmiddot

e) Tbefransf~reelt91l1~~At~1~Mlk~cqntintleJqlt1bide1~theagreement(s) and settlemelt(s)ienJe(e~l~i~t~ij~itltfie~m)lJoyeesectH~YtheWr~nsferormiddotCompanies if any inite~~sofSf911L~~eeme7t(~JalqsettJeptent(s)middotmiddot suPsectisting on the Effective mateinl~l~no~~itleWJal)~poundeH~qFmplRyeesmiddot

) Allmiddot ral1ampf~1~ii~ijj~~fmiddot~~riIltvQ~~~~~~l11gttoli~j they otlt~tan~ing~s(r bullbull bull bull Q~teWthoJltmiddot~yfurthelactl instJJument or

d~edmiddotstan4iqalspounde)r~4middot~t9i~tqbede~meftiiogemiddottheqelJtsmiddotUapilJtiescontingent li~bmties lttgliesiandiopng9~i(msie~ca~th~caseimay b~ of the TrltDsferee Compa1Y aDd shaJlhe~~J7Ji(iseqmiddotRYQrfgeil113tthe TranstereeCol1Pany as if it hadincllrred such TraI1sfeiredLtab~Uti~amp~

b) The Transpoundcentr~eCpUlB~rlYWnegtampbfllpe)iabletomeetjmiddot dischltlrge ang~atisfy the TlanspounderredmiddotLiabiliesasectJheilprrqVe+creditqrmiddotinlespectthereof

c) ThisSchemeishallnotQJer~teto enlarge pr extend the security for ltlny of the TransferredLiabilitiesandth~TransfereeCompany shall notbe obliged to create

20

any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

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27

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512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

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611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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any flJrtl1elora~d~ttQ~~1~g9~JtJ~$~gft~~tll~Effcent9tiyen~~~~~fbullmiddotlJnless()therWi$e agre~d~tPQy bullbull th~X+a~~f~f~~~Am~I1~Ymiddot~ithlsyenH~eC~~e~cleditorsmiddotmiddotampnds~ljectt9

middotth~middotcQnsen~~mFi~pm9v~t9poundi~~~~~~~~t~g~79~r~qc13ed~~or$middotmiddotmiddotmiddotmiddotofbull JhemiddotTran$feree

Co(l1pamW~irmiddot4I1~i~~t~~th~~t$middot~E~~~~middot~1all~~t~~p~r~t~t9eW~gebull orext~nd bull the middotsecB~~t)fr bullbulla~~19~1ltlr~9secti~i~J~~i~i8~jqt~rcg~q~lfampayen~i1~dbythemiddotmiddot1ran1lfefee (J9mppf1yjl1~sectptyenSh bull ~lity~sl1fl11~n()te0i~~qt9ltlnyoftheasset$fornling partpfthelransferred~~~irtaJltlngs

- - gt gt_ --lt - gtlt - - --

d) Inmiddotbullmiddotbull sopoundar ~sth~eishim~s~~q~it~jnre9~~~t9fWeTransferreti~i~pniHesmiddotmiddot is CQllcmedf~lJPJJse~Y~it~l~s~arlfmiddotwithQ~t~lYflrt~~~aotjnstr~l11entQrqeed middotb~ modifi~9middotmiddotal1qspallpe~xt~flgrdtoi~1l9~halL9p~Fltl-teQNyover theassetsifQrll1i~g paltQfmiddottl1efTan1l~e~~ettil~~~litltl~i~~9~~hecT~~~felQJC9~panies which middothave beenbull 911~tge~bull~n~i~ecnli~~SlP~~4~~~sB~gasoni~h~bullbull middot13fpoundectiVemiddotQat~i~~bullbullmiddotrespectof

middottheTlal1sfellieltltia~i1~~ie~t~rQyt9~d~h~tifmiddot~nyqt~easset$ipoundprmingpartofthe Tran$fep~gI0naetf1yening~middot~~thec~pcernedfp~iel1oJ(~Qrnpanieshave llotbeen charampedmiddotormiddotbullse~Jlreqi1re~B~~~iQpound bull lthelr~nsectf~rrealiabi1itie~ stlchassets shall rem~inmiddotunepSJl~~er~a~~atlleexJ$U1qliiec9rityrefeJlredtoabovemiddotshallnotbe extendedtqapdmiddot$ballnqit8B~~teOYers1lchfl~set$

e) middotItshalLnotpet~ces~~fYY~Qg~tai1~h~(opnse~t~~gpytN1(fparty Qrqtherperson middotwho bull is middot aEattyimiddott9~~ny~~~tt~o~)ltqriiali1a[lg~ll1el1tPyvir~e ofimiddotwhichmiddotmiddotsuch 1ranspoundeJred14aJiUttesect1l~yene+~is~miniQrqetitqgiXt~ff~fttomiddotmiddotthemiddotmiddotprovi$ionsiqfthi1l

middot PalagCltlgh

---_ --ltgt ~ --p-- - lt - --- --- -- -gt - lt -

f) It i$ europcpr~9sbymiddotprQy~qedJMt~~~ye~~~meAti~tl~qsi~thisgllr~~qph3~7 uQQther termqrcO~ditionQithiTr~n~ferled1~ia~Hiti7si1ltnqdiedb) bull yirw~ of this Scheme(middote~cepttqthtlmiddotbull ielltttll)ttn~t$u(harDenPWentjsmiddotreqiliireqbynecessary implication

g) ThemiddotTral)sf~teqBi~Rili~~~tJpound~ny~ltlueqrwhi~hm~~atanytiinemiddotin i thefuture become d~eon1Yiflteli~~etheTrallsferormiddot9()mpaniesand the Transferee CQmpanymiddotshall$tan~middot9Jsectchltltampedandt~e1eShql1ijen()liabilityin middotthatmiddotbehalf on eithertcgtmpanYfld(olWe~pqnding~poundfectsllallb(giveninthebooksopoundaccount and records of theTranspounderee~oll1panyJna~tQrdance withPartV of this Scheme

21

AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

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51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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AllmiddotfroGepdiigsectlt~~~pounderr~4~ttg~~cQran~fere~C9~paAY pllrSl1ntto the Scheme shal1notabaeorli~middotq~sectR9DtiJw~d19rin anyyenq)b~Hlrell1diGial1Y affected by reason of the amalg~B1atio~~~thef~~fexorlt01l1FanieS~Qrpyanything Gontained j~ this SChemeuro middotanCltl~FltP9e~gt~~~~~halJcoltil1l1~bull middotan~anYr1rq()~C1ltio~shallmiddotbemiddotmiddotmiddoteniorced by or aga~n~tth~j[~~~fet~emiddot~~Jl1pany itliesflmcentrnartnerandtothe same extent asmiddotit wouldQrm~g~thayen~middotpee~COPtinll~tlPlOsectlted bullqrenfprcedPYmiddotQragaiDstthe TransferpFGornp~nYla~0iftN$9cheBlsecthalt1middotl1otpeenmiddotmiddotmiddotrnademiddotThemiddot Transferee COll1panYbull W1q~tjas~Slj9li~~~Ach~rQweding~c~elaingtp or in connect~ort with themiddotTransterQrcent9mp~~i~$~ili~ia~ed~~Y()rmiddotagainstmiddotthe$aidmiddotlr~nsectferorq0111Pcmies qanspoundertedl1themiddotna~eiQfitheJ1an$pounderee ltQtIlpanyas soona~ possible aftermiddotmiddotthe Effectiv~ D~teandtQ~ih~yen~t~smiddotsanl~~ontinuelip~o~Tcuteli anci~WQrcedby or againstmiddot the ~1~pound~tr~~8Wp~yTheWra~t~~e~~ompaflyalso unclertakestomiddotpay all am()llntll~mlt11lqinli~t~r~~~p~milties(middot4alUg7Jlf et~IWhichmiddot the Transferor Compani~slUayl~e g~l(~ciijp~ntop~yQl sec~t~d~respectof any ljability or obligationrelangjQtI1ellan~pounderoreQll)panie~follheperiqd from the Appointed DatenI tomiddotthe~ff~ctVeB~~ilal1danrqostsinc1Jreciby the Transferor Companies in respect ofsuChpl1()J$=eQil)g~sttlrtedmiddotly()ragainstitrelatabletothe period from the Appointed ltPate up tomiddotJh~middotEfpoundectiyeDatetlPonsubmission of necessary evidence bythe saidlra11sfermColUpaniestotheTrartsfereeCQmpany for making suchpayment

329 Tax Treatmentmiddot

Allmiddot taxes dutieslgeS~t~~1Cle~~t(881falaquor~~t~~f~ssetsmiddot(inclu~Hllg servketax input qeciiti bull GENYAJ~9~iY~1~emiddot~~geltitcp~salest~~entry tax etc that are allQcablerefell(bleorl7~ll~~~ to~erl~llJspounder6)JC()fX1BBlies Jand payable whefuer due or not uptQagtcentltiy pteG~pmgth~ifPBQint~d D~te induding all

advancetaxPIt~meltsectti bull ~t~oJtJ~et~li~Rilities 01 any refunds tax obHgajionsl cre~~t~n4middotql~msjf~~rYfQJw~rdmiddotlQss~sangtax middotmiddotcredUs under any provision otthlF IpQQme ia~ctt19l51slt~U fgralVintent and purposes betreated as the Uability QrrefllndsSrelllt and daltnsas the case may be 0pound the Transferee Company

3210 Books and Records

All books records filespapers elg~neering andprocessiniormation bui1(ling plansqatabases cata19gues(ltItJotatiQns~dvertisjng m~terialSI if any lists of

22

present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

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23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

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4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

- shy ~

middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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present ~114J9~XIwt clJ~ntsect~~d~1l(ofuerb~QlltI~~r~90rdsxvhetb~dtlph~~k~Jor elecftcgtnicpoundPlUl( ppoundtheTr~fl$feldri~Qmrtl1i~~Jt9~tl1ee~teFltp()s~iblen9middotp~ffiitted und~r~ppH~fbleli3wsiPelJande(loverQYitAemto theltlrfl)sfereeCQl1lPany

lt0 bull bullbull - _ bull _ _ bullbull _ __ _ _ lt _ - _ _

33

a) rhe lr~~SpoundelrCqPlBfm~ltsMJvearriQnmiddotJb~sectiftesects witrreasonal11eltliligence andmiddotcororercentltllpJ1~denc~nq~inth~~fmema1Il~rasjthsbeendoingbit]terto

b) The Tr~J~rpr~QUlpaniewsl1fillc~rrsectn~~~qsh~lbedeemeqtohlt1ve c~rriedon a1lthelrfmiddotre~pectiveQ~sirl~~~~ctivhle$gt~ngslialL h~lttmiddotand$tandpossesse(l~~ltl shallbe4eel1edtQltaveh~ldmiddotancistqQdpq~sectessectectpf~Uthellaid bull asset~~rights titleinterests author~tiesmiddotltsontracts~ inv~stmentsanddecJlgtionsbenepoundit1Jor and on aC~QUdtf~ndintrustJc)rth~Ti~nspounde~e~CQmpany

c)fllo~l~glttg~n~IiabUiije~du~eS~laCQmm~trnentsattached related or pertil~niBStQJtherl~r)sf~rGP~QIDP~~iess~altbe~rldeJtakenanclshallb~ deemed t9haveb~enun~ertkllte~iforan4Qn~ccoumfofandintr11stpoundorthemiddotmiddot$ransferee C()mp~nyarrd

d) AlltIt~prqf~tsa~ciiJ1cQ~e~asqf)Jtn~q~~rii~gtq~eTr~ferorqQmpa~ies~nd a~lmiddote~penctit1lle QrlQsse~gt~lsl1gWlmGurred)liyJnelnln$pounderor90mpa1jjes~shaU fOJ allpurp()sesi betre~t~4~dbedeeWe~topethepi9fitsmiddotand incqmes or eXF~ngity~esyen(Uq1seslil~thecentiise rl1ilyieof tbemiddotTrcmsfeJeemiddotqornpany~

33~ llmiddot~ss~tsectmiddotmiddot~gquiteclrsoici~leasect~rlipoundens~dUiG~l1sesi 0 btaied benefits entit1e1J~l1ts(jncentiy~sal1dco~cgssi(msgra~teclqQRhacts entered into Intellecffi~JPro~rtyde~e1~ped~Jregist~re4iprappli~ations bull maqe thereto Transfelred 1iapi1itie~inc1J~~ed Pl()ceeding~ipiJiWr wmadepartymiddotmiddot to b~tween the AppoinJe~~~teaFl~ tilltbe~ffEltiveOateQytheTransferor companies shall be deemeiitogtQetr(U)sferregand ve~ted in the Transferee CompanybullForavoiciltmGepftcio)Jbtwherecmypfthe~Tcranspounderredliabilitiesas on the ApP9~ntedQate (d~emedt()middotMy~beentr(lnsferred tOfheTransferee CompnY)h~ve beenclischa~seltlbytbe 1ransferpr Cqmpanies on wafter the AplointeclDateltf1Utbef()~etheEfpoundeetiveGgtate silch discharge shall be deemed to

- gt

23

h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

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ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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h~veb~eBpoundprs~ndoi11)~h~lfQfthe1r~~sJ9rg~~9IUP~nypoundor bull aU int~ntand

PUlP9~~~~l1qun~erall~12pl~cqpl~laws~middot~t1th~1~~hele any of the Ass~~s bullas on tl)emiddotAppoin~ediI~J~(4~~lJle4t9 ~aveBe~llttrart~felred to the Tr~nspounderee C01pPCU1y)middothayebeenSQlti0tJagsIerte~iPY7MmiddotTanspounderqrmiddotC~mp~niesmiddotprrorafter the Appoint~dI)atebutbefQre~l1eEpound~~QtivePateBuc~salesl1aUbed~ePled middotto havebeenJpr andonpellS11fpfttl1eltlralsfereeCompanymiddotpoundoraH Ultent and PUlPOs~smiddotandmiddoturtderalrltlppli~~~leilawsmiddotE11rther incPJmecmiddottipnwitl1bull any uomsactioppetweenmiddot middottheJ1ransferor ~(ll1panyanltitl1eTransf~ree CQl11pltny

lt _ -- _ - gt - - _ 1

behveenmiddottherpolllted~ateal1dt1pto(t~eEpoundfectiyemiddotdab~ it any selvmiddotice ~ax has beenbull pei~11yentheil)~pounderprC9mp~mjesJh~l)~uponthe SCh~lIWC()mirtginto ef~ctt th~1ltln~feJ~~C9WB~Y$ha1lmiddotl~e~lOl1tit~~cl1centd~imrefund ofsuchervice tax pai4bytherransJerofjCortp~njes

333 Withmiddot effect poundromtheJjfpoundectiyeltPltJtlOth~l)ansf~reeOompanyShaUcar~Yionmiddot and shallbeauth9fisedtotarrybullon middotth~1msine$s bull9fthe[ransferorCompltni~sand till such time lttsthe name ofa9S0tmt h91ctelyin tl1elE113pectivebank aqOlntsmiddot of the TranserQrCompanie13isisllbstiwtepbythebapkinthe nameoffheJJransferee Companrthermnsfer~eCpA1pt1ryshltll1lteentitledtooperatesuchbaAAmiddotaccounts

opoundthemiddot]ransectpound~t1RJmiddotltoP1papieSIll1tsmiddotnam~ insqtaJa~waymiddotmiddotberiecessaly

334 Without~rejuij[ce bull~~ tlleg~~fmiddotR~oVislqrlSoftht~Schemean4 ~1QtwithsJandingmiddotthe fwtthatvestingQ1le~lansfetorS9A1p~eso9SmSibYmiddotY~xtumiddotbullopoundmiddotPClktllloftms SclteIJle itselfthemiddotwpm~f~p~~~0wP~~Y~middot~Yf~tanYitjrocentgfterJthe13ifeptivebull Datetirr accordanceWithth~p+Qyenisectjpnsecth~+~ofl)if$9x~q~i1~~gtqnct~xapplilta1gtl~middot lawmiddotor

otheiwisegiy~iPo~iGeinsVGlfiQrmlas m~ybeTeqt+iJ~dQrasitmaydeempounditl1nd properorenterirltoorgt~xeclte q~ed$ (irlCluUrlg deeqsof adl-tllrence) confirpuitionsnQV(lti()rlsf9~ctar~ti(ns plotnel yritingsor clocuroel)tsasmay be necesS+Ylldf(1rryogtal1dcpe~pound()il11al1s~cltJormaJities andG9mpliampDCeSI for and onb~halfoftheTranserQr~PJXP~miesil1c~udjng(withor inpoundavoul9fandreqtiired by (i)any partytoanyqQntxad~pwni8htheTransferorcompaniesisa party or (ii) any Governrnel1tal AutholUy(rmiddotn0l~g(vernrnent alJiliOlity in Olderto give formal effect to the plQvisi9nsOpound tPis$cJterne Provided however that eXcentGutiQn of any confhmationor novation or other writings or arrangelllents shall in no event postponethemiddotgivingeffecJtothilScnemefromtheEffective Date

Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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Aqthqri~ie~allctothe~g1i~gmiddotl~f~ilsG~n~~~~grlmiddotMp1~ymiddotbenecetisaryuncteran)lw 01 contractformiddotiranpounderorltroPjpoundi~tti~lqJSt(~h~pl1Setl~approyls and sanctions

ii~~a1~1~1~~~r~~fffr9m~=~d~~l~~th~ 336 For the purpQseopoundgi~1pgeipound~cftotllI~middotB~~~lt~pas~e~lJtndetSectipn$230 toZ32 and

any otheraPopJ~clt1QleptPyenis9~~AnYQfth~JtemJa~esAct4Q13iP respectofth~ Scl1eme gtymiddottheNQLJ fu~Trlt111~f~r~e~pPtpamlmiddot~n811t(~onmiddotthemiddotSchemebecRming effectivemiddotbemiddotmiddoten~itledtoiget~N~rec~rd9jtleltilflng~i~~h~W~aLright($)standil1gin

middot the nameopoundthe TranserqlC29JnR~l1ieshlriJtslavbJl1JinltHcolQancemiddotwithstlch oreier and theplov~Si()l1sQfS~q)tisecti~~td~2~2~ni~tanyothelmiddotapplkahl~prbVisioiil1ifanyoftheCompanjesAcJI~Opound3i

4 SaYinampofC()nciude~rJan~~ctin8

Thetransfexan~middotv~9tingoBtAelr~n~fer~v~domp~nieswith~ncL in~othe Tra~feree middotCompany tm4eriPartJIf9JJlje~~l)exne~ll~Unot~pounde~tanytrmsaction inc~~ding sal~pfmiddota$$tSBlmiddotmiddotF~~~~~9i~~tll~~~~~if9~pl~te~middot9rrmiddotJja9tlitie$in~urredmiddotmiddotby the Tral1~pounderorCQmpaAie~middoteit1j~~~pti~rmiddottg 9~middot9i19J~yent~rJhe~pp()intedDahi~lltbe ijffectiveDahhtQt~e~n4~~~d~ilit~tlt~t~~tbulltIle~t~t$~er~Emiddot~()~panYmiddotmiddot$hal~yac~eRtand adopt all middota9t $pgegsectyanmiddot lt~QneM~(t~~jcYtedbyor onmiddot Qeh~lfofthe Transferor Cqtilp~njJ~SiiUt~~~~ctt~ercenttQ~~gtmiddota~sltih~ed~middot~rig thlngsmiddot bulldQriemiddotaid

middotexeclltedby andQnQeh~Jf9poundtitse~pound

lJPOIl tltisSh~mef~ampJlillgiftlv~middotQi~a)~1tipettilltedmiddotmiddotmiddotanqmiddotShimai Auto ServicesLjmitegSJtinatil13d )lissohrecwithqlltpeingmiddotwotlndup

FARTlV

ClNCEtLArIQNQr~IiMEScQl1TgANSFEROlCOMRANIESamp INPREASE I CONSOL~I)ArIONmiddot Ql1AlPVHORISEPSIIARECAPIJAL QFTRANSFEREE COMPANY

4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

- shy ~

middotmiddotmiddotmiddotgttgtmiddotL (~~v~PtXE9WlltltSr~r~~~~wQt~L~l$hfraquo~qUit~bullS~aresbull9rbullbull th~middotmiddotf~cebullbull yenalu~middotmiddotmiddotOf bull RS2tshymiddotWpR~~sgtmiddotTwo)e~cl1~f~~lQQ~~U~~y~8gs~ri9~~epound~rencemiddotqnaresofthefilcewa1pe ofmiddot~lbOmiddot-(R1tp~e~Qfl~lI-hlncli~9)e~glwbull ~i~llp9~etitOtheCPU1Plnyto inCtease orreduqeor bull ~nQWYmiddot~l1~middot~ai~middot~tfts~~s bullmiddotint~ts~le~~lg1asgtse~middotbullbullandmiddotto bull attachlttlwre~omiddot respecttVeJy middotil~4bull pf~~r~)lli~11x9~~r~~9~~g~litie9pr bullbull~p~QiFl1~rigl1tmiddotmiddotpriv~leges or cqQditiQJJSa~rn~yqe~~tex~jJM~dbull hy9rmiddotin~Qcf~~~ceMTitIv middotthemiddot Articles bull of Asf3oqiat~onqftheqqrn~lt1~xaftdto~~lYl1)Qq4fy)ot~Rro~ateanymiddotmiddotswchri$l1tsmiddot priYUe~es bullqrcol1~itiq~jn~~lt3hIl1al1l1erilsirn~MJ~e~~9rtbetirnepeing-Iemiddotproyided

f()rbyheArticlesopoundmiddot~s$oc~~Bqn9Jtl1emiddot~Rmlf1nYmiddot

424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

lt ~- -lt

AQCOJJbull NlINGlllEA~ME~rFINFHEinCgt(igtIltS0EBRAN-SEEREEmiddotCOMEANY -- - - - - - - lt-- - gtlt -- - laquo gt - -- -- -- - ~ -- -middot----------middotv - - --- -gt -gt - - - -

PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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4ll ThemiddotTraDllferprlt9-IJU~~~S~~~t~wh91IYQWlle9~s~h~giarjesoiTr~nsiereemiddotCowpany an~therefore uponam~amp~m~ti()n OpoundjW~~u~fcent()r~OmR9nies with Transferee Cowpanyin ~erlA~Qtmiddotthe~chememiddot pecQ~lJgpoundeytiyethe bullbullentire paid~lpshare capital Le eqt1itymiddots~an~(lt~i~~r()fthePr~~~te~GQyen1PMie$he14by the Transferee C01l1p~nymiddotsh~~ bull ~i~hPJJJanyJactoli~eE[qmiddotstanqautpmatkallycMcelled and be extinguished andiincieJJ~h~~eOtall~thePranspoundereeq~nllPImysh~l1notberequired to Jssue ind lora1l8t~mw~harestothemembersQftheTraPsferorCompanies

42 Increasecons()liqatt()Jofa11th()rizedsh~(aPUillQfthelransfereeCompany

421 Upon this SchelUebe9Qrpingeffe9tiveaJJdUpon the transfer and vesting of OCL ami SASL intoELplrs~9ntt()thi~Sch~nleitheeJ1tireau~h0rizedsharecapital of OCL andSAS1eqBarto~lliODtQ~rQQOOQf~(diVidedmiddotilltO250QOOQOEquity shares ofRs10l-each~mQrooQPQqOQPDcP~Q~~1-~9~~ri~~lemiddotnQn~umulitivePrefprenE shares ofI~s~O~eftqh) middot~nqgtRs7mQQOjQqOlttlivided411tb70QQOOO equity shares ofEs 10 ellchr~~El1stfllldmergedWitkFtlJetilttllOrizedsl1lP-ecGapitalpfthe QELthe Transpounderee~9llJplt)ny

422 Thus theAuthp~~~eqSl1tu~eCapital ofHie TransfereeCQmpany (OEL) of RsAJ5000OQQ~91l1E1i~lllgQfi~~uityShar~CEpjtalofRsAl4qQO000- (iivided into2070iOOOOO13gu~tyShalesectQfthef~~ii ~tl1l~ofRs2eaqhPreferenceShare Capi~lof 1~slqOOQOdtdivideq41tQ1Q~QOOF~efttenceShrueSbfthe pound~ceva11le of Rs 100_ eachsh~11st~~qjnClea~eqkYJ~lJJ~900000Q- tol~s)1~85000QOO~ c()mprisiDgQfEqutPY$ha]~~pit~lgfls1~8~OQQOOOed~Ytd~dmiddotintomiddot74fWOOfOOO Equity Shares Qfthefasevahleof~s71e~19han(tPrepounderenqe~hare Capital of Rs 1OOQOOOciivid~QjntolOQOOBrepounderencemiddotSBare(3 ofthe face YG)lueofRs100 each

Accorqin~ly qtltRtQrl~eqgtsharecapitG)IRLthe TraI1Sieree Company shall stanq increased by arr am9~ntofIZsto(iO(JQOC190fanqClauseVopoundtheMemorlndum of AssociatibnofQEL(rellitingto~he~i1tlJprizeagtsharectlp~W)ishaIh without any further act bl$trllroent orJgeed~nq stIXndalteredmodified ltmd am~nded pursuant to Secttol)s13 gtand~19ffJte9omlaDiesActt2013andSectionandother applicablefrRv~sio]lsoLtheC01l1panieswtf~Q13 asthe case maybe and be replaced1ythef ollowingX1allse

liTheAllt4qri~eci$llaretSlpit~OpoundtheComl(~nyisR~14amp5PfOOOOOI (Rupees One HunqredEo~tyJjightcrotesndmiddotFiftyt-akhsgtonly ) dhed into 742000000

26

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424 1~~stal11pgt~uty gFfUi+1~~~3$p~iQnW~~ut~Qfi2~~ksl1a~~q(1~it~loftheTnlnSferor CQtpP~~IgtmiddotmiddotiSP~PJii~t~~~~~~middoti~tJlityen~tJ~imiddot~~BP+~~~tQ~euroJdstll~middotiPcr~a~~middotbull in bull the middotap~pd~~~I3~ar~ig~Rg~1Qft~e11~$pound~~~~~ji~gffpaRY bullbullbullmiddotinmiddot~~C91d(1nce bull withbull this p~1~~laRll~~(an4irto~d8it~Rn~tsecttltl~PdR~islraUbe~gayC1blEandnQaddttlopalfee shallbullbullpemiddotpaya1le~~ganXmiddot1~~WatfYaltB~litt~~gtj01~d~~i9pitoslch increalgtemiddotbull inthe a~tllOri~e bullh~r)cait~lQpoundth~~r~~~teSe~~~mp~RYmlw3l~anSpoundel~e middotCQ5~~nyshal1 file the 1~quisiteq9~u~~Bt(19Q~l~it+t~ei~ley~t~~~~~S~(lJiOpoundCompaniesWJrlch hasbull juril3d~ptignmiddot9~ertlt~i~~fnp~~7e~omp~~)jmiddotfglmiddot~r~~Bclease middot()fth~auth9ri~ed shltJJ~bullbull~~ptal~pound(tl~m~a~~11)e~~81l1~~B~aslttfgre~~igItisfherebyclfJlifieithatJor thebullpWBq~~Opoundmiddotmiddotin~r~~~itlg)tl~ia1t~Rii~e)~1i~~e~pit~1middotln~ccprgangemiddotbullbullbull~ith this P~lFgl~prmiddot~frith~Y~(1p~~qn9ftJt~N~lfTs~~1Iif~gltge~l)t~qctoQegtmiddotsWficJcentntmiddot fgrJhe Pl1ffiP~~S(9fbullepoundt~ctiH~rtl13S~m~)lrnerit~Rdbullbull th~tB~l~ttl1~rapproyalorresolutiQn W)de)anypplio~lgt1~prQ~~i9n~middotqfttieCQmp~Jties1qtI2Q13 bullbullwouId bemiddotmiddotmiddotreq1liredto bemiddot ~epGrl~elyp~ssed

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PA~TY

AOCqUNFINGfi~~~JMilNli(JNT~~~~~middotqF~TE~SFEREECltOMEtNY

51 Accou~tipglI~~me)1~it1r~sgtp~ptQpound~mrg~~W9n bullbulloflransfer91Companies With1r~~~yie~~9l)tP~nY

511 UP9nth7sqheroebo~~9iBt~~poundf~Q~tlitlfamit~le~C9mp~nysh~lllccount formiddotthtal)tal$twqJ9mi1litspq9~SPpoundllC~9QllJS~nf1c~qr4FnCe withthePQoling opoundIn~erestpethodlaidQown illpp~ngixC ofJhe Indian Accotmtirlg

27

Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

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28

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29

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30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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Stang~tglP3~11secti~~~sect~QWRI~~ti~P$pf~nt~tielgturiger cPn1lnpnmiddotcolttrol andi()tlj~FaPJSU~nRlef~p~~tlX~sectcP1E)f1~~A~tsect~~tjpn133of the companies Actbull 2PJxmiddotmiddottG~~~itl1middotthehqrp~1i~sectS(I~Bt~pAGqp~lttjpgmiddot bull Standard)bull Rules 2qJS(~~~m~tt~~g~~~()~h517ge3e~11Xmiddotfq5$Bt~giaGcQuntipgprin~~p+es as applicaJleltgl1tl1e[~poundfe~tiye4ate~middot

512 rraI1~TeeG()~ga~~~~~Ureq()t~thea$SetsMa~mtiesectandreservesrelating tQTransectfefr~siR~~ett~~JBp~pflFaltsectJregrqr)Pftll~iesectvestedin itpurpllantto thjsSqhent~attheJ~~r~~~e~tJy~qarrxmiddoti)f~titq~lltsatthe dose of middotthebtlsiness oftl1e9iYi~M~fji~~yen~(Eecedirigtf1~APBPiptetlltpateTheidentityof the Rese)yesvyjUmiddotRePJleSe~e~

513 The)hte~tjty0poundithep~sgrVesectofmiddottpcentIraiispoundelOrC0ntpames if any middotmiddotshallbe fl1~~~~v~gamlth~y~~1tfll~~J1P~flr inth~gtfiTlilnciampl statementsmiddot of the Transfetee9ol11~Allraquo~inmiddotthesamepoundormandmanner in which they ~~p~~Je~ ll1i~t1leltJt~gl1qiaJ~tltefPel1tsof the J)ansferor ~omparies m~nti9l1eltL~9A~~(~~~~itheg~t~tmpedi~teJYB11~~~dil1gthe Appointed Date ACCl)PUmglXtfi~bti~l1ltitottti~~centhe~e~e~pmh1ampi~fpoundectivethere is any Reserve inth~f~l1~nSfaJ~t~~I7lX~~~~ofShefm~~f1~~~~~~lt~~ollIa~iesbull mel1tionedabove YVNqhateiJ~~i~pI~gJ9r~i~JJiblti~rttq~~ielQlders ~hethermiddotas bonus sh~res~tmiddotdivj~e)dltQ~P0~~tllerM~~e~Jr~~s~~emiddotw~lJldcontinuemiddotmiddot to remain avai~fibls4hSyenSf1Xd~s~t1~ltigBqY~therp1~1Jsf~reeCPffipanymiddotmiddotsuhsequent to this~chfmebe~QroiJllgmiddotefpoundecFiye bull

i - gt --- -lt

514 middotTheba1~~ges9f~amp~i~J~f~t~an~HJssmiddot~Wqo~~tspf1paItsferor bullCompanies(as ~PB~~Hi~11~~~~fjn~~~i~1i$t~t~n1~ri~sm~tti9~~~GPOY~)sh~11bemiddotmiddotmiddotmiddotagampregated andl~silO1gJq(1~~t09t5~~P9-jt~ffS~~En1~yenfp~(middotthemiddotcorresponding balance appeltifinginitbenBl1qltmiddotqt~t~m~nt~centtmiddottheWl~hsfereeCompany

515 Uponcornil1gintoeff~ctoftbi$~S~lj~mftlotheextentthat theremiddot are mtershy companyloansaqyancentesQep0l3itsmiddotpa1Bl1pesorgtothermiddotobligationsasbetween the Transferorco~plriJesangtheTransfereeCompany and Transferor ccimpflniesampl1gstthern$elyesthe()b1ig~tionsmmiddotresPelttthereof shaUcome

___ -- --- ---il--- - _ -- - _ _ - ___

to anendangc()rJe~p9ndingeffectshanhegiveninthebooksof accounts and reltords of the Transferee Company for the redqction of any assets or liabilities asthecampse maylJe

28

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 36: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

517 Th~idifferenge~~~e~cent~nt~~i~ve~tyen~Jitln~thcent~U1ltlncial bullbull middot~~tementsmiddotmiddotofmiddotmiddotthe p~1~f~~e99Tl1HGlnYin~~t2~~lt~Sf~~~~~w~ani~S bullbull ~rtqthe amoqntofpaid~up shf(r~clt3BitalQtth~middot~ransf~r9rJ~9mJ3~Wesmiddotr~spectlvelYmiddotshallbeaqjw~ted agClinst~r~qltlpitlN~e~~rNes

518 Jl1~aseth~reAS)ftBy~iMee1Geihtbullbull W~middota~99lntitgpo1iciesmiddotadoptedbythe rra1sferQrbullmiddotmiddotsQmBGlniesiarwtthe7r~l1sfer~emiddot~proPl~wbullbull themiddotaccQunting bullpolicies fOll9~sgbxthe~r~~fe~eeSOmpfX1yenWjUPJe~Utl1dmiddott4eclifferencemiddotmiddot middotbullwiIl middotmiddotbe qla1tiffe~tGlPlti~~jMs1e~i~themiddot~eser(estQ~mSll~ethatthefimmcialbull s~atellents ofgttl1eTr~l1~fe~(l~SOJn~l1Yletlect~he)ipoundin~BBiCllpositionon bull the middotmiddotbasis of G~msistentaccPBn~j~gpliicy

519middotmiddotmiddotThel~~~W~er~~~0nipM~e~Clremiddot~~ollXQ~ne~~~psect~qi~riesoftheTrallSpounderee q9mpal1y~thg~~p~~~1ttlEt9~~~~B~rll~~l~middotl~Mbullbull~hal~s~hallbebullbull iSSll~dmiddot ~ter

theS~herneuroj~9~~~~ql)~q1gtytheuroH~rqIl~~middot~lrn1gt(d

5110middot rnmiddot middotatl4i~()n bull Jh~Ir~secte~middotgpmR~11~~sft~JIB~I~middotsectg~hbullmiddotaGPounplgmiddotentriesbullmiddotmiddotas lU~yq~~ectisectsaryinpound9~cent9ti0lwitlit~i~~~hernemiddottQ(()~Ply bull~i~ha1yofthe appJicEtQIEJl1q~~IJac(Qgl1tingmiddotst-l1gar4sectil1gg~n~~1l11y~Gcepted altcQuntil1gprin(iplcents

611 The Tnmspounde~rgtrQprnp~l1i~sfndtherr~alsfe~etsectQ~PfnY$hallma1ltemiddotasmiddot cippliCltible jointqrs~parateaRpU9atio~sect~pgt~~i()~slt114efmiddotSecti()lli230t()~4 bull Opoundthe Cpmpanies Act2013totheNg~rf~fD~(esectsectatyi~t~ta(ktoseekOfg~1~fqr qispenlintiwith pr

for cQnyel~n~i bullbullmiddot ho14il~j9F~~tl~~~jng 0poundthe1pe~tin~smiddotmiddotpfmiddottheir re~Rective sharehoIdersanricre~itpfsmiddot~al1(tiOl1il1g9t bullthisectSeurollerneal1qfqrmiddotmiddotconseqltentClctions includingbull poundordissQlUtiOl()ttl1eTra1JsfelormiddotO~panieswitnout ~in~ling ltpltind furthermiddot appliG1ti0rlfiJpctItioDSuttg~rSe9tton~middotf30(t9232Qf the Companiesmiddotmiddot Act(

29

62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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62 Revision ofaccountsandtaxfilingstnodificationfofcharge -lt gtclt gt lt---middotmiddotU~middotmiddotgt lt lt --- -_--gt- shy

621 Upont]ME~t4~rn~ bullq~cQFnScentff~PtiY~bulllrtqbullfioPJmiddotJheApPQintedD~tet~e T+~psferee CQrnpltnyi~~Sr)~~~1YP~~~i~~4to~e~~~~~~tfU~middotitSiIlC9rnetaxretlll1sandqther st~tAto~Yr~tAI~iI1911J9i~1g0st~id~El~~te4atsQH~cemiddotreturns ser~lces bullbullt~rewms

eCiletarettJrl1Smiddot~~TEg~rl1$~sales)~xal1d~W1J~~qdgdtaxmiddotreb1rns asrnar middotbe middotappl~cab~emiddotbull amthase~q~ressl~~r~~~ry~g~thefiJ~lit)t9~~es~chproyisiol1s itits returnsmiddotfln~t9cl~inylmiddotefyennctsl~r~re~t~middot~~middotjKa4~~~1lqlire~rlllmqypemiddotreviseda11d fi1e(l110pvi~hst~l1dingith~timiddotthecst~~QrYJ1~dpct0~gr~$Hqhl~YisiQniinclJiHng~ay h~ye)~psed~

622 Filing of the~ertifitdc~p)g~Jlwmiddotmiddot9rderqeth~NYlIsa)Jctioningthis~che~wwith themiddot relev~ntRegistralqfm3~nB~tli~~M~~flashtrfWurngaishallbemiddotdeemed bull fomiddotlJe sufigientt01Fn~atipg QP~ogif~ingth~p~argesjlpoundavouropoundthesecun~d middotqeclitorsiif any Qfth~ltlranspounderor(19mp~l1i~(l~~J~q1l~eqasperthepr()vjsionsopoundmiddot thisSchel11ebull

63 Taxneutrali~middot

631 Themiddotarn~lgamatJonjnacC)rqa~cewithtbis bullmiddotgche~eshalibepuxsuaFlttoanclin cornpliltlncewiththepr()yisiQ~so~~ecUQn2(1~hoftlieJ1~qrne7taxAct 1961 or anY modificatiQnmiddotorre~enactmeMthereofbull

632 1pound middotany te~msorflrqTisionsppound1iS~ch~l11cent~epoundOJlncl fobe orjnterpretedtohe inconsistentWith~wyqfbull tJt~middotSiJi~a~~9~1~~Qnsatadltltermiddotqatemiddotmiddot Vhethel asmiddotaresultopound aryy middotarnex~lJlentmiddotQNayv()JX(~y~~9ig~akmiddot 9rxec1Jtive~l1t~P7~tcttiQnor for~my other x~a$Qnwbatsoeyelth~middotSc1i~middotrxies~allmiddotthenstimdIDQdiiiegt6theextehtmiddotdetermined necessAytqQmpl~l~ithtll~~aidgt~tQris~9B$$lChnJQdipoundfcati~n will howev~xi hot afpoundeqtothelp~rtsof41ls$ch~me

64

641 NOJwithstan~Unga1ytl1in~middotJqth~qQntraw~9ntaineqmiddotlrrlNs$chem~itheTrMsferor CompaniesartcltheTrans~ele~~9A1B~ny(actipgvQllghtAeirrespectivemiddotBoard of DirectQrsltor aco~iHeetl1~~eOf9r~uthorjsedmiddotrepre$entattve~)mGymakeor assent

30

ModifiCationsmiddot~ndAmendnieritstotheScheme f-

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 38: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

from time bull tomiddot t~m~~9lt~nymOpm$~tionslamel1dments darificlttions or confirmati9nstobullthi$Scbem~lwh~Qh~~yltt~~mn~Oessary and expeclient or beneficial to the interestsmiddot9fJh~stJltehpldelsanclthcentNCJr

642 The Transferor CQITlPltlJ)i~sect~+lgt1eTr(RSfefe$cltnrlP~ny (ltlcting tbtoughtIler respectiye13oaldmiddotofJ~i~~~tPrs9racQnunit~~emiddotthereoforth9risedrepresentatives) sh~II beltutlwrisecltQtijlt~(IJk~u~htst~Fsbulltndg~yesuchdirecnOnSiaS may be necessarydesira1leqrjpr0~~r)~9res9)ve aDX19ubtslcUfficuJtiesorquestipns that may arise jnregardtQa~stqfthcentrn~~l1ingQr i l1terptetatipnbf thismiddotScheme or implementati9nthere()pound~ 9rinany bulltna11fter WhaWoeyer connectedtherewith whetherbyreasonsopoundanYdirective or Ql1clers~QftheNCL~roranyotherauthorities or9therwise bow~oeyer~risJrctge~tof~r ~lvterorbyvirtueofthlsSthemeorany matte1cQnceITledormiddotc9nl1e~teqtherew-itl1tn~tog9and execute allmiddot acts deeds matters apdlthipg~n~~ess~~~ ~o ~~Ying~ffect to thisSch~me

643 ForthepurPQseOfgiYt~gltfeft to thii)pcheme 01 to any modifications or amendmcnt(ltb~lltQpoundo~)lQgitions~ll)et~tpth~Jt~l~gateoftheTt~msferorCompanies

and the Transpounderee~omB~y~lY~iyeallqarellerel~a~thorised to determine and giv~aUsectuchdi~~~tiQn~as bull ar~~fS~e~~fya~d~fitlChdctcrrrrlnatiQnorciilcentctions as thelnse m~ybesha11J~binqirigQ~9J+~qrtieSintheslme n1a~ll1elasifthe same wereBPecifica)JyipcQrP9r~~ecenttihths$~heme

gt

644 However nobullrnbdifi9asectiQBsectha~lttlioramendmel1t)tgtlwSchemecan bemiddotcarriedout or effectedbythelt~~~~ClftIre9tQrs~ith~utapproM~9fthe NGLTand the Same shall be sUPje9ttQPQWeJs~Qpoundth~NqLWuJ14eJS~ttipn23Qto 2329ftheCorppanies Altt2013

65

A The reqllisitecqnseptltl8provalorperlnissioniofthe AppropJiate Authorities or any otl1er lt statutory or regulatory authority which bylaw maybe neCessaryenpoundorth~impleITlf1l]tati9n ofthis Scheme

B The Scheme being~PRJov~q lly therespective requisite majorities of the membeJ$ andcreditos of lhfl Transferor Companies andmiddotmiddotmiddotTransferee

31

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

Page 39: ell er (CAA) 1511:?30-232!NCLT/MB/Iv1AH!2018BHOln' IIIL \;,\TIO\;AI I n,\ I1'.-\\Y 1.,,\I\, TfWH'\;M.. Ml',\IB,\1 BE"n I ('I' IC,\,\) j,l.1'';,,,j·232·''iCITVlf's,\li\1l'2€lIS

Cqinp~Y~~m~yp~iqjl1eltJ~~pylttheN~~l~ltiZQrwlY other sompetent auWor~tyap4~tE~ing~~Jiqn~qpythE~QDrndlqrany othercorppetent apth9rtty~~middot~~~bcent~ppliEable

C Allmiddotmiddototl1e+san9tiol1$artd~pPtoyenalsmiddotasmiddotma)UpereqlJitedimiddotbyJawic1uding registra~ion middotofthe 0rdergtopoundJherrlbtJn~Isan9tioning middotthe Sch~meof Ama19amationor anygther4ppropdlitAutllOrityQytheRegistrar of Comfalje~utdertheAcitjnrespgctof~his S9hemebejngsEncHoned

~

D Certgied2opiesofth~middotrders middotoftheNCLT or sJl9hQthercQmpetent authori~lasJr1ybeqpplkalJle~ ~an9tiopingthisS9heinebei1)gfiledwith the resectpectiv(~egisjt~qf~ompa~es

652 Notwiths~lt1ngiAganYthingtoth~i~Q~~arytQnta~J1~ltihereinlten0n--rCC~iptof any sanctionsRrappl)RYaI~J()rtlanspoundero~~~p~li~iQllAr~gts6torli~nnitYf9rmngp~rtopound the bullTransfe~or~mpanie$totheTf~rispoundereemiddotmiddotmiddotCQf(tP~YRU~$p~nt middottoJhiSScheme shal1notafpoundeGtthegtefpoundectivcentnes~pfthl$Schemei ittheBoardofDirectotsofthe TrlWpounderOPmiddotComp~~ie$qplusmn1gtb~WfanSpoundereeq9Dlp~nysQmiddotdedge

653 OnlQe ~r9ti9110poundtDi$sectcpeJn~~n4~P9~tN$~she+l1epeCOlninslfflctiY~ the fo1l9~ingsli~Jl)b~qQem~lt~hayebullbull oc~tl1WedoxllttlWAppoiilt~ctntt(l andbecome effectiveiilldmiddotmiddot9lS)1atlyegt9(UXifrtO~~~qJl~n~e~ngmiddotil1th~middot ordermentiOIledhereunder

a) AmaIgamtio~of()CI-aridSA~LClll~middot~al1$pounderapdve~tingthereof inOEL

b) TransferopoundtheAuthopized$hreC~pitalofQCL and SASL toOEL and con$eqllenti~LiricreCse~ntheatlthod$edsharemiddotmiddotcapital of the Transferee Company (in accprdance withpuagraph42he)eltpound)

66 Revocation andwithdrawalof this Scheme

111e BoardorDirelttorsofthel)(~ferQrQ)1npClnies andtheTransferee Company shallbeentitledmiddot tQrevolsegancelwithdrawandd~darethisSchemeto be of no

effect a tin ys~g~lbutbepoundoretheEfpoundel=tiv~ daterandwherePRlic~blere~fileatany stage incase( a)tl1isScl1ernejsJ1ot~pproyeclb(tlWNclT Qripound any otller consents app19Valsp~rnriss~pn~middotlJ~~QlJJtt9~~k~~ee~ents~altgtiOltsmiddotanqmiddotconqitiOl1sirequired

for givingeff~ct t9thisSchemeareIlqtreceiyenedordelay~d (b)anyconditio~ or modificationmposedQythe lijClTartqfQr anyotler quthority is not acceptable

32

(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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(q)middotth~middotcomingjnt8i~fpound~C~O~middottlj~J~~~iJt~iRl~1yen~middotOft~7jglo~isionsJ1~reofQri~igngof themiddotbull gr~1Vn~p8rq~rS)~~tlJ~nyGPyelPm~Ptlth~middot~~th91i~qouldmiddotmiddotmiddotmiddoth~y~middot bull~qvelse iroplicltttionQneith~rioftheTransferQl~9~H~f1~eS andor bull themiddotmiddot Transferee CompaN~tpr(~)forg1l~gW~rmiddotregSQr)hgSqeveral1ddQa11such middotastsdeegsand things asgt~lle~middotroaygteelJi~efes~arymiddotan~~~9~~~a~1~~WqpnrtectionmiddotJherewithmiddotand incidentCllfuel~to~Qn~YQcatiQn qlQcellatiQnolmiddotmiddotwnhqrawlllthlsmiddotmiddotScenth~roemiddotmiddotshall stangleY()kedlmiddotcentan~elle~1sectl~i~gr~Wti~114bullgeQri~Qeffeclal1gmiddotmiddotinthatmiddotmiddoteventno rightscmdlta~Miij~middot~flGts9~yefishg~1fl~CJ~emiddotto bull~rQfmiddotin~llrle~il1ter bull gebetW~e~Ythe lespectivemiddotTli3Jsfergl~o~g~~s~nth~rrl~~gfet7~GQllpanyenQrfueirresp~ctiye sharel1Qlqels9rs~eg~t9~R91~~7~9y~~s()r~~lt0W~tP~1sectpn~savemiddot~nQex~~~t bull in respectQf~tty~Ci9~ti~~Q~gH~0tt()fjth~r~~p~s~sectcRnj~rrlpl~te9hete~ncterQxas to anYrightrliaR~~iwprp~H~tJ9W~Nlthp~s~+~~pRra~ltl~ectpurs~anftheret~~nd wN~ltsh9V~~g9~~ttt~~~~~~~~centsep~ei()r~9f~~~()~til1Clpcgtgancewiththe applicapl~middot1aWCl~~i11S1Jpll~~se~~ltqpP~r~Ih~111eaX itsmiddotmiddotmiddotmiddot own costsrqnless otherwise m~tpanY~9XEeii

67 Seyera1~li~

Ifmiddotanymiddotpa1t9f~hisScJeffletsh~1~iIvalidXNleqJUe~~bY~l1Y FriblJPalmiddotmiddototCOWpetent juri$dktipn bull middotmiddotqrge70Jn~smiddotllt1eppoundq1geablepoundorlttfrr~asol1whetl1er ~ncier bull presetit or f~t1re law~1 t1tervwi~lt~ei~~nti0nopound41tlV tl1~Jl~al1spounderQr middotCompanies anci the ~ransen~eCo111Ianyh~~t~m(h RClltpftbe~QhemeshClllhe middotseverab1e poundrorothe reroail1de1middotoftNs~he111~Al1~this~~em~s~Cll1 bullmiddotnotleaffeqte(Ltl1ereby~rUess the qeletionmiddotofsultbbullbullpaJtoftheSchememiddotshaUcallSegTthisSch~me bull t9bullbecome materially adverset9eith~r~hgTlll1siee~middot~pyen1~~nw9rJl1eiwri~Spound~rQtmiddotGoxnpal1jesiin which cas~ middottheTr~n~fer9lcopy9RpqQi~~~ithelJr~nsfetee~qroR~nyshaUltte111pttomiddotbring ab91ltaroQqif9ationrn~sectsect~emeltsmiddotYVmpe~tpt~secterv~forthepprtiestbe benefits and ()llliglt~onspftWmiddotS~ljell1elincJugiJgivtllot4iroitEd middotto s~chbull part ofJhe Scheme

68 Mutatio~ofp()lelJY

vpQnthe~~heme9()1l1i~~bulli~t)~ffegt~naWitheffectltflqmbullbull theAppointeqipatemiddotthe titletomiddotmiddottheiltWo)ablemiddotmiddotBrBp~~9~ShOh~cling8eyelppme1ltright9 ofthe1ranspounderred Unqerta~iPgsshallledeeJ1)le~JQXtayegtpee~rl1l1lta1eqapqrecqgnisedllsmiddotthatofthe Transfereeeompapya1lgt~7CIrlerefiUl1amp 9rthe certifiecli true copyoftbe vesting orderopound theTriQ~palsanqti9~Mgtl1~S~hememiddotYViththemiddotppFr9priateRegistrarorSllb~

33

regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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regisjrar~qf Assur~w~~middotQTwUKili~middotr~l~ivfU1tGp~eJflA1entagencies sMIVs4ffice as recQrctmiddot qpound COll~~l1U~g~f~tl~i9f~h~J~ON~bl~P)iPBerti~sbull jnc1uctingdevelQpmept rightsbullbull of tlieJr~)lSpound~n~ggn~ert~kiIlg~gtWithth~tran~poundereeCQmpgnypur~uantto the bullbull S~heme hecopticigi~tf~9ijvansl bullbull middot$lWlmiddotmiddotmiddot~Q~~iWte bull adeemed middotmu~on bull (md substituti()ntlu~reQf

69 Dividend

691 The respectiveTr~l1sfetqrzC8xnrRl1iesmiddot~nlstte$~~namp~e~ee(~ompanysl1allmiddotbeen~it~~d to declare middotanqmiddot middotpay~iyJd~ngsl~l1~therJptetmor bull fil1a~I tomiddottheirrespective shareholders8smaybecteiiltied1iYthcentilrespetiVeEoardof Directorsinrel3peet of the accollntingpedod pri9rtg~heI3fpoundectiYcentDMe

692 It isdarifiept1t~tthe~fQre~~i~p1OVisiOnsinrespect qfdeclaration ofmiddotdiyidenpsis an enablingprQvisionQfJ1~~a)Whsh~l111Qtbedeemedto cortferany right On any shareholder ofetthR-rof ~h~Tm~ferorgornpniesortheTransfereeCol11pany fo demltndol~laimitny4iyig~lJct~whi~h jSSllQjeGt to the provisions of the CompaniesAGt40~~s~qU~b~~ntir~ly~ttheqts~letionoftheBoard ofDireGtols of fheTral)sfer(rC9mpa~i5s~ngth~Tr~p~fereeGQmpmyas the case maybel subject to $ueh apprcn~alofth1~sp~etjyesharehQldersisnayberequire4

--

610 Cos~andexI~ns~si

All costseltpel)sesjltharge~t~~eslfeesan~alloth~)expcentl)SesJfmiddot tuylindu9ing stamp cltltyancl regisll~ti9h~haF~esifanYrarlshigoutofprinCtlpedJnltfJ)lying out and implernentingJPet~pn~opound this$chemeandthe indqentalsthereto$haUbe borne and Paidbythe1r~nspoundeuro)ree gQInpany

611 ActionTakenbySEBfRBl- - - - - - ~ ~- shy

Securitiesal1d~xchang~J30EtrclQpoundlndia(~S~JnhadviltleAdjudicat~ng Order No ASK middotIAO~18~f92qHmiddotlQ~a~~dsOtnmiddotM~y2CULteQrde()middotmiddotimposed a pen~ty of Rs151akhs OD Mr Slls11e~1$Q~aniunders~ctiQnt5H(ii) of Securities and Exchange130~rltioflncli~AlitJ992middotpoundQrthe allegedYiQla~ion Qf fhepr~visions of Regulationii3(1)react With~~gulatiQns ~3(lrO~$EBI($AS1RegulatiQDsf 2011

34

F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

It is statedthaJthgag~icentYegp~JsQn~p+~pounderredatloappealmiddot~gltpnstgttheQrderbefore the Sec~ritiesApfell~terrill1Jnah (i~4-J)Aftets~ries()fh~a1ings on1 st March 2016 the HonlJJe Se~uriti~~11~p~1l~teTriptrlltilql~~hegthe pliderand~etaside and thecll1M~er1~st9~~~~~9ij~~ ~n~QftheAqj~dilt~l1g9fpoundicerforpas$inga fresh order Qnm~rit~~1Jsectl~r(fl$~j~~i~t~gt~Qll1aniM$middot~tddul~SQroanibullJv1$ V~mdana SomaJ1iM1S~+~~~ij~~i ( middotxMrAdClrsh bull SQ~aniiMr SuliridSomani MrSu$he~rSQll1A~cl~~ t6l~NmiddotMlI-1fi~f$psect~~i(KPpranLabPrivate Limitedal1dSmiddotV~r ~i~~Limit~~poundQr(tl~~aU~g~~vi9latiQnopound and in acc9rdaric~~~thmiddotL~yen~fi~~l~lQnmiddot~p(~)P~dXVifhmiddotreg~l~tiQn 13(1 of $AST R~g~lat~Qnsbull2QJt~j~9~gyen~~IM~ish$~eelSQll1~nifR~i~theZl~m~ltYimlQs~donhim forVJoJCltionopound~eml~ti9J1~ci)r~~il~~Sh~egJl1~ti8nJ3(1)~otmiddotS~STEegul~tioQ201t AQSE13IJsyettp1~s4~1Ypoundllrth~ls~oYVca~~e119Fqitlp~rsuance tQtheSATOrger

Fwther securit~~sa~cf~xS~~~~~lcentfltg ~bf~+D~A~yen~~~~4centjv~Uc~tingQfq~r No ASK lAQ$lf~Qll~middotQ~t~~~~~tl~93~~Ql~flgJggiq$t~g~RenltdtY ofRs5QrOOOI~middoton MJRaj~ndJ~9oITIariu1a~r~~~tiqn15A~Q)8f~eGJlri~ieqlnqEx~hangeBQarqof In(HaAGt19Q~~Qr~i~1tQmiddotmiddot8~middotRe~la~Q~429m~eagwittt middot]egllation 29(3)0pound SUBI(SASJR~~l~tiRnSifQ1iSyenPsegl~tlYl~rmiddot~~jel1dramiddotSQITI~nipaid tttepe1alty of W 50l0QOmiddotallqa~lt9rdil1~1~Jh~~djtidjqtgOlProcesSormneneed againstmiddotMtmiddot RajenpraSom(tni isqiSPQ~edCgttfolTJaYrrJentofthe PenaltymiddotqITIount

Furthermore(Securiti~san4E~change~o~dltqf~l)diavidemiddotanAdjudicatirtg Order No ASKAO~1720H71SdpteQ 30th NiaYt7Q14agju~Hatedmiddota Penalty of Rs1000001 ~ on 0ne1ltrarrierPharrn~lteutichlsPyentiLtdtmder sectionlSA(b)0pound

Securities andExcha~eBardofIll~i~l~~tl lQ9W poundo~violation of Regulation 29(2) readwith~egqlati9n29($)~9pound~~~I($~S)IW~~8yenlaiQlJsj+Ol1Su1gts~qtJent1yKtamer PharITIac~utiltcalsgt PvtItdl2f~~middottheR~~ilty9fft~~1QdPoOI~an9middot accordingly the

35

adjqdi(~tior bullbullbull middotBPbC~~JSO~~~P~q~fig~~nsecttJ~~rnereh~rroaceqticals Pvtmiddot Ltd is dispqs~dopoundfmiddotmiddotpl1 bull p~Ym~ntQpoundtlieF~nfittYmiddotmiddotCrnqnt

Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

Ccc()rdirgl~lttheClgjug~9~tipl1[Fr9ces~~Q~~nce~gamp~instKlamer Bharrnaceuticals Pvtbullmiddotltdcisdi~PQsect~gQf~lqXcentFClxl)JentmiddotBi middottl1e~~nqJtyClP1PMnt

~ - - - shy

EtJthelSecWfti~~raquo~n~)~~~Bg~~~~~~~~c~~f~j0~~~UJ~)yeni~gy~~~dt~~lWwCalll~middotNotilte b~C1r~gIlQ~iP~~~gf~JZV~~9m~9~ti~~r~jrt~t~rr~~HetP~smiddotmiddotthe bull ~SCN()dltlted Mltlrch3149l7i~Ssu~t8~~~9~l~t~~fllelhmiddotan~~r~~ l1~Jelsh~(s~reholqers bullinProlnoter Categ9ryen(here~tl-ft~lJct~~Jre~~Rj~slmiddot~QtiQ~et)fQrt~tYiQl~tipl1S9ftheprQv~ionsgfSE)31 (ProNQiti9T)pfIrsidelrrltlq~g)Re~Ja9~middotmiddot+~9~middot

Notkeesbave41qi(idt~lJYfHed~~pljc~RgH~Qlr$ettlerne~tmmiddotmiddottermsopoundSec~Fitiesand Exlt~~nge~()aJdmiddotofmiddotIneiC1(~~ttI~meptof~lmpl~tivei~nd9iYllIRroceeding1)RelW1ations 2014bull Thebullmiddotsi1idmiddotC1Pplici1tipl1 0ltiS bullPli9)eglepoundlC1l1qnoti1eesJ1aid)lll middotl~quiredmiddotltlmQUl1tmiddotmiddotmiddottowardssettlement

Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

Themiddot Noticeep 11~vemltlqcentmiddot~BgJjqqti911ifRrsettl~IPent wterms QfSEi3L(~ettlementmiddotof Adrrtipi1tratiY~~~SiYnfJ~~~egjrtgs)middot~e~~111i()ns4Q14middotHQweyerthemiddotmatterismiddot1l01settled andPeldWgwithfueq~thoritri

RBI~

Noaction hasPeenitlitiaJ~~lbYReServe Bankoflndia(R~I) eitheragail1st the cornpanyoritllErmnoters

H V

T)1tBUNAL

BpNCl-IIT MUMBAI

middotCOMPANyengtSCHEMEPETITION

NO143 (MAIi) OF2P18

CONNECTEQWlTH

CQMP~S9HEME~PPATION NO1012(MA1l)OF2()17

Ir)thegt111attelofmiddotPetitionunder Sections middot230 to 2~~otMCqr1pa11~es ACl 2013middot and elhel appliqablep~ovisions ofthe Companies Act 2013

AND Oti(mtal Containers Lirnited (the First Transteror Company) middotandmiddotmiddotmiddot Shir1rai A~to Services Limited (the second Tram~feror Cpmpuny)WITHOriconEnterprises Limited (the TranspoundereeCompany)

nntalqntailellin)ired th~JetiponerIFirstTransferor Company

CERTIFIED COPYOFTHRMINUTESOFTHE ORDERb~TmiddotEl)middot22~~TtJNE20i8middotLdNGbullbullWITH

AUTHEl-lmiddotTICATEDSCHEMEgtbULCER1TPIED 13YTHI3IiEGiSTRAR[cDEPUTYDIREGT0R

MsmiddotDlJa 1ssociatesAORNIumbai ActvocatesJorjhe Petitioner 116PreePress iQlJse lll1Floor 21saacKqayledamation In N~rirnai1cFQJntMumbai400021 TelmiddotNo67486100

Emaillq~ddamumduaassociatescom middotQSE~listr~tf8nNo515987middot

AdvoGate$c9qeNo~I20457

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F~thet~Ilt~~~~r~~i~~M41lY~~~opoundAl~i$~~~iw~iJP~eltliOi~yand~~y~teIY~RPMlgtlgj~~~~~~sect9yen~flij~$iMfiQtll~~P~~WIVIsYand~nq$mani MrSgr~~qJ~c~~R~~~~A~~~~9-~+Sh~SOP1~~jmrpHl1ddSOlTIapiMr hsliee1 SOITIa~ilMsJ~~~~)rh~nJIM+middotIjiiga$()w~t~()F~~tJ~~JjPriyateUmitedand SbullV Trading (f1s ~g~Jrgt~~fITij~teslilaquo)lncteJ bullbull seltti()nil~(iP~ pPSec1J~ities angExchange BoarltiofIAdi~A~tiQ9~~fyen91~~onofWeiWfVi$iQXsOtEegulatfQn3(2)readvyith Reg]11ationsla(1)iP~middotsect~sectr(S~ST)ge~latiQJ1sgQH

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Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

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Furthermq)~~~11tjltlSfimlExcMn~~~9algQpoundrnltiiavi(ieanmiddot AdjudicatingmiddotOrder Nomiddot ASKlA9~161ampo1~15( q~tegmiddot9gthi1v1ClYrlt2014middotaltijudicated amiddotmiddot middotpena1ty of Rs)~OQiOOQ1middot~middotmiddot~~loneiSNeeSatpound~~~ClyanPrq~~rtie~PytiJ~td undersectio~t$A(b) ofSecuritiesectandmiddotrIQli~ge~~q~rd9Jii~gia~qt19~~Jormiddotyiplatiqnofleg1tlation29(2) readwithmiddot~eqtlqtion~~(3)~QtRS~~~SAS~)S~~~J~~o~lZOlluPsequentlySvee SatyanaraYClnlJP1Ter~esmiddotyen~tr-tsL ~aidmiddott~eF~~qltyof middot Rsbull lOOOOOI~ and

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Furfuer Sec1tdtiesltllgExchlt1t~ell9al9()pound1p4iaC$~pI~)pap~YidejtsShowmiddotCause Notice middot(SCN) middotbeC1ringnpEAR~~tNyenfSJCl~Il94VgOtdal=qM~rlh bullbull middotmiddot 312017 lssued bullbullbull to bullbull the CornpqnyMrNit1qJJ~im~t1iM~~~j~ncr~sectqrn~~middotmiddotmiddottmiddot 94eqtolsmiddotmiddotanl Mrmiddotbullbull sanjqymiddot Jain ~ CompmY$~cretqnrtq~em~rtef~le~ bullqs(RQlj~El~~tf9ryt91ali(ms9ffuemiddotprovisiollsmiddotopoundSE~1 (pronjbitiol1middotofmiddot~tstgerFta4itJg)iE1~1~liqtl~middot~99~(lereillftermiddotmiddotmiddotreferredmiddot to a~ middotSEBI (PIT) R~lWlq~olsJQ92)

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