B. Special tax benefits available to Shareholders

Apart from the tax benefits available to each class of shareholders as such, there are no special tax benefits available to the
shareholders of the Company under the Tax Laws identified supra.

C. Special tax benefits available to the Material Subsidiary

The following special tax benefits would be available to the Company after fulfilling conditions as per the respective provisions
of the tax laws identified supra:

1. Section 115BAA of the IT Act, as inserted vide The Taxation Laws (Amendment) Act, 2019, provides that the domestic company
can opt for a rate of tax of 22% (plus applicable surcharge and cess) for the Financial Year 2019-20 (relevant to Assessment
Year 2020-21) onwards, provided the total income of the company is computed without claiming certain specified incentives/
deductions or carry forward and set-off of certain losses, additional depreciation etc. and claiming depreciation determined in
the prescribed manner. In case the Company opts for Section 115BAA of the IT Act, provisions of Minimum Alternate Tax
(‘MAT’) under Section 115JB of the IT Act would not be applicable and also MAT credit of the earlier year(s) will not be
available for set-off. The option needs to be exercised on or before the due date of filing the tax return. Option once exercised,
cannot be subsequently withdrawn for the same or any other tax year.

We have been informed by the Company that it has opted concessional tax regime as provided under provisions of for Section
115BAA of the IT Act from the Assessment Year 2020-2021.

In accordance with the provisions of Section 80M of the IT Act, dividend received by the company from any other domestic
company or a foreign company or a business trust, a deduction of an amount equal to so much of the amount of income by way
of dividends received from such other domestic company or foreign company or business trust as does not exceed the amount
of dividend distributed by the company on or before one month prior to due date of furnishing the income-tax return under
Section 139(1) for the relevant year, be allowed.

Further, any deduction, in respect of the amount of dividend distributed by the domestic company, has been allowed under
Section 80M(1) of the IT Act in any previous year, no deduction shall be allowed in respect of such amount in any other previous
year.

2. In accordance with and subject to fulfilment of conditions as laid out under Section 35D of the IT Act, the Company may be
entitled to amortize preliminary expenditure, being expenditure incurred in connection with the issue for public subscription
or in connection with expenditure as prescribed under Section 35D of the IT Act, subject to the limit specified in Section 35D
of the IT Act. The deduction is allowable for an amount equal to one-fifth of such expenditure for each of five successive previous
years beginning with the previous year in which the business commences or as the case may be, the previous year in which the
extension of the undertaking is completed or the new unit commences production or operation.

3. In accordance with and subject to fulfilment of conditions as laid out under Section 80JJAA of the IT Act, the Company may be
entitled to claim deduction of an amount equal to thirty per cent of additional employee cost (relating to specified category of
employees) incurred in the course of business in the previous year, for three assessment years including the assessment year
relevant to the previous year in which such employment is provided.”

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