The information outlined below sets out the possible special tax benefits available to the Company and its
shareholders in a summary manner only and is not a complete analysis or listing of all potential tax consequences
of the subscription, ownership and disposal of equity shares, under the Indian direct tax laws (including the Income
Tax Act) and rules currently in force in India (i.e., applicable for the financial year 2020-21 relevant to the
assessment year 2021-22) and current provisions of the indirect tax laws and the rules, regulations, orders,
circulars, etc., thereunder. The legislations, their judicial interpretation and the policies of the regulatory
authorities are subject to change from time to time, and these may have a bearing on the implications listed below.
Accordingly, any change or amendments in the law or relevant regulations would necessitate a review of the
below. Several of these benefits are dependent on the Company or its shareholders fulfilling the conditions
prescribed under the relevant tax laws. Hence, the ability of the Company or its shareholders to derive the possible
tax benefits is dependent upon fulfilling such conditions, which based on business imperatives it faces in the
future, it may or may not choose to fulfil. This Statement does not discuss any tax consequences in the country
outside India of an investment in the shares. The shareholders / investors in the country outside India are advised
to consult their own professional advisors regarding possible Income tax consequences that apply to them

A. DIRECT TAXATION:
L Special Tax Benefits available to the Company:
a) Additional depreciation under section 32(1)(iia) of the Act

The Company is entitled to avail the benefit of additional deduction @ 20% of the actual cost of investment
in Plant and Machinery acquired.

b) Deduction under section 80G

Under this section, 100% or 50% deduction is allowed of donation made to specified funds/ Charitable
trust. The Company is availing deduction on donation made to the eligible specified funds.

° Deduction Under section 80JJAA

The Company can avail deduction under section 80JJAA of Act in respect of employment of new employee
(who have been employed for a minimum period of 240 days during the year) @ 30% of additional
employee cost incurred in the course of such business in the previous year, for three assessment years
including the assessment year relevant to the previous year in which such employment is provided.

d) Deduction Under section 80M

As per the provisions of Section 80M of the Act, dividend received by the Company from any other
domestic company or a foreign company shall be eligible for deduction while computing its total income
for the relevant year. 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 it on or before the due date. Since the Company has
investments in Indian companies and foreign subsidiaries, it can avail the above-mentioned benefit under
Section 80M of the Act

e) Carry forward and set off of losses

As per the provisions of Section 72(1) of the Act, if the net result of the computation of income from
business is a loss to the Company, not being a loss sustained in a speculation business, such loss can be set
off against any other income and the balance loss, if any, can be carried forward for eight consecutive
assessment years immediately succeeding the assessment year for which the loss was first computed and
shall be set off against business income.

f) Concessional tax rate under section 115BAA
The Company is eligible to opt for the beneficial tax rate of 22% (plus applicable surcharge and cess) as
provided under Section 115BAA of the Act, subject to the condition that going forward it does not claim

the deductions as specified in Section 115BAA(2) of the Act and computes total income as per the
provisions of Section 115BAA(2) of the Act. Proviso to Section 115BAA(5) provides that once the

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