(THE COMPANIES ACT, 2013)

(COMPANY LIMITED BY SHARES)

MEMORANDUM OF ASSOCIATION
OF
MAHAAN PRIVATE LIMITED
I. The Name of the Company is:- MAHAAN PRIVATE LIMITED.
II. The Registered Office of the Company will be situated in the State of
of Punjab.
III. (A) THE OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION ARE:—

1. To carry on the business of manufacturers, producers and processors of and dealers in

milk, cream, butter ghee, cheese condensed milk, malted milk, milk powder, skimmed
milk powder, whole milk powder, ice-milk, ice-cream, milk foods, baby foods, infant
foods, invalid foods and milk products and milk preparations of all kinds.
2. To manufacture, produce, process, prepare, buy, sell and deal in soya milk, soya milk
products and preparations, soya bean based foods including spray dried milk powder,
cheese, curd ice- cream, baby foods, protein foods and other preparations, soya cereals
and lentils including soya snack foods, soya sweets, soya cookies and soya weening foods
flavoured with fruits and vegetables and soya beverages and other products and
preparations of every kind, nature and description.
3. To manufacture, produce, process, prepare, buy, sell and deal in all kinds of aerated,
artificial and mineral waters, soft drinks, carbonated drinks, fruit and vegetable powders
and preparations of all kinds, fruit juices, breakfast foods, protein foods, dietic products,
strained baby foods, instant foods and food stuffs and provisions of all kinds.
4. To carry on the business of farming, agriculture and horticulture in all their respective
forms and branches and to grow, produce, manufacture, process, prepare, refine,
extract, manipulate, hydrolize, grind, bleach hydrogenate, buy, sell or otherwise deal in
all kind of agricultural, horticultural dairy and farm produce and products including food
grains, cereals, seeds, oilseeds, plants, flowers, vegetable fruits, vegetable and edible
oils, meat, fish, eggs and foods and food products and preparations of any nature or
description whatsoever.
5. To carry on the business of preservation, dehydration, freeze-drying, freeze, drying,
drying canning, tinning, bottling and packing of all or any of the produces and products
 mentioned above and foods stuffs, provisions and consumable materials of all kinds.

(2)

(B) MATTERS WHICH ARE NECESSARY FOR FURTHERANCE OF THE OBJECTS

SPECIFIED IN CLAUSE III(A) ARE:
1. To employ any person, firm or company for the purpose of carrying out all or any of
thecontracts from time to time entered by the Company upon such terms and
conditions as may be thought expedient
2. To enter in to collaboration with any foreign firms for the purpose of carrying on any
business which this company is authorisedto carry on.
3. To purchase or otherwise acquire and undertake all or any part of the business,
property and transactions and liabilities of any person,firm or corporation carrying on
any business which this Company is authorised to carry on or possessed of property
suitable for the purpose of this Company.
4. To pay all or any costs, charges and expenses preliminary and incidental to the
promotion, formation, establishment and registration of the Company and the issue of
its capital and any modification of its Memorandum or Articles of Association and of all
applications to courts on behalf of the Company and all legal charges incurred or to be
incurred by the Company
5. To adopt such means of making known the business of the Company as may seem
expedient, and in particular by purchase and exhibition of works of art or interest, by
publication of books and periodical, and by granting prizes, rewards and donations.
6. To sell, exchange, mortgage, let on lease, royalty or tribute, grant licences, easements,
options and other rights over and in any other manner deal with or dispose offthe
undertaking, property, assets, rights and effects of the Company or any part thereof on
such consideration as may be thought fit and in particular for stocks, shares, whether
fully or partly paid up or securities of any other Company, having objects similar to
those of the Company.
7. To act as and carry on the business of agents, sub-agents, commission agents, factors,
brokers, auctioneers, representatives, distributors, attorneys, manufacturers, traders
and producers dealing in, manufacturing, producing or otherwise concerned with the
purchase, supply and disposal of any of the goods, articles, commodities, merchandise
or thing which the Company is by virtue of these presents authorised to export, import,
manufacture, supply, sell, exchange, transfer, deal in and handle, in any way

8. To purchase, take on lease or in exchange or on hire or otherwise acquire any moveable

 or immovable property and any rights or privileges which the Company may think
necessary or expedient for the purpose of its business, and in particular any lands,
buildings, works, plants, machineries, stock in trade, and/or easements on such terms as
may be deemed proper and to sell, improve, develop, let out, exchange, lease out,
mortgage, dispose off, turn to account or otherwise deal with all or any part of the
property and rights of the Company for such considerations as may be thought fit.
9. To apply for purchase or otherwise acquire, sell, exchange or transfer any patents,
trademarks, rights, monopolies, licences, authorities, concessions, privileges, and like
conferring any exclusive or non-exclusive or limited right to use any secret device or
other information as to any invention or business which may be capable of being used
for any of the purpose of the Company or the acquisition of which may seem, directly
or indirectly, to benefit the Company and to exercise, develop or grant licences and
authority in respect of or otherwise turn to account, the property rights or information
so acquired.
10.To insure the whole or any part of the property of the Company or any goods,
commodities, articles, products, property and assets for the time being in possession or
in charge of the Company for which the Company may be liable, whether wholly or in
part, and to protect and indemnify the Company from liability or loss in respect thereof,
either fully or partly
11.To invest and deal with the moneys of the Company not immediately required upon
such securities and in such manner as may from time to time be determined.
12.To create and issue any shares, debentures and stocks of the Company at part, at a
premium or at a discount and to redeem, cancel or accept surrender of the same.
13.To lend and advance money or to give credit to such persons or companies and on such
terms as may seem expedient and in particular to customers and others having dealings
with the Company and to guarantee the performance of any contract or obligation and
the payment of money of or by any such persons or companies.
14.To receive monies or deposits, borrow or raise or provide for or secure to the
repayment of borrowing by or borrowings guaranteed by the Company in such manner
as the Company shall think fit and in a particular by the issue of debenture, bonds or
securities, secured or unsecured, with floating or fixed charges, perpetual or otherwise,
charged upon all or any of the Company’s property, effect and stock-in-trade (both
present and future) including the uncalled capital and the rights of the Company and
upon such terms as to priority or otherwise as the Company shall think fit and to
purchase, redeem and pay off any such securities, but the Company shall not carry on
the banking business
15.To appoint trustee (whether a person, firm or a Company) to hold securities on behalf of
and to protect the interests of the Company, its members, debenture-holders and
creditors
16.
To act as agents, broker, or trustees for any person, Company or corporation in any part of
the world and either as principals, agents, distributors, depot-holder, trustees, contractors
or otherwise and either alone or jointly with others. To procure the Company to be
registered or recognised in any part of the world.
 17. To do all and everything necessary, suitable or proper for the accomplishment of any of
the purpose for the attainment of any of the objects or the furtherance of any of the
powers hereinbefore set forth, either alone or in association with other corporate
bodies, firm, or individuals and to do every other act or acts, thing or things, incidental
or appurtenant to or growing out of, or connected with the aforesaid business or
powers or any part or parts thereof, provided the same be not inconsistent with the
laws of the Union of India. And it is hereby declared that:- (i) The word “Company” (save
when used with reference to this Company) in this memorandum shall be deemed to
include any partnership or other body or association of persons whether incorporated
or not wherever domiciled. (ii) Nothing in this paragraph shall authorise the Company to
do any business which may come within the purview of the Banking Regulation Act,
1949, or the Insurance Act, 1938

IV. The liability of the member(s) is limited and this liability is limited to the amount
unpaid, if any, on the shares held by them.
V. The Authorised Share Capital of the company is Rs. 1,00,000/- (Rupees One Lakh)
divided into 10,000 (Ten Thousand) Equity Shares of Rs. 10/- (Rupees Ten) each.