MMS II Year Division Finance Subject Corporate Law Guide:- Prof.

Sanket Lalge Rahul Mahadik Prathamesh Surve

027 029

Incorporation - March 31, 1997 Bombay Fine Fabrics Private Limited Mudra Textiles Private Limited w.e.f. October 10, 2001. On December 1, 2005 our Company was converted into a public limited company. Mudra Lifestyle Limited w.e.f. December 2, 2005.

Registered Office - 149, Shiv Shakti Industrial Estate, III Phase, Andheri Kurla Road, Andheri East, Mumbai 400 059, Maharashtra. Corporate office - 5129-41, D-wing, 5th Floor, Oberoi Garden Estates, Chandivali Farms Road, Chandivali, Andheri (E), Mumbai 400 072 Amalgamation - October 1, 2004.

The list of Directors holding Equity Shares and the number of Equity Shares held by each of them as on October 15, 2006 is given below:
Directors No. of Equity Shares

S. No.

1. 2.
`

Mr. Murarilal Agarwal Mr. Ravindra Agarwal Vishwambharlal Bhoot

8,481,322 8,450,763 2,679,504

3.

Note: As per the Articles of Association of the Company, a director is not required to hold any qualification share in the Company.

S. No 1. 2. 3. 4. 5. 6.

Shareholders Mr. Murarilal Agarwal Mr. Ravindra Agarwal Mr. Vishwambharlal K. Bhoot Mr. Surendra Ambalal Dave Mr. Subhash Chandra Bhargava Mr. K.K. Maheshwari

Designation Chairman and Managing Director Joint Managing Director Executive Director Independent Director Independent Director

on October Independent Director

15, 2006

Sr. No. 1. 2. 3.

Director Mr. Murarilal Agarwal Mr. Ravindra Agarwa Mr. Vishwambharlal K. Bhoot

Salary Per Month Rs 100,000 Rs 100,000 Rs 100,000

All the above Directors are Entitled for Perquisites and allowances including Rent free furnished accommodation or HRA to the extent of 40% of salary, Provident fund and superannuation fund contribution, medical reimbursement, club membership fees, personal accident insurance, use of car, telephone, LTA, bonus, gratuity etc. as per the rules of our Company

Audit Committee Shareholders/ Investors Grievance Committee Remuneration Committee IPO Committee Share holdings of Directors

We estimate that the average time required by us or the Registrar to the Issue to address routine investor grievances shall be seven days from the date of receipt of the complaint. In case of non-routine complaints and complaints where external agencies are involved, we will seek to redress these complaints as expeditiously as possible. We have appointed Mr. Mahesh Poddar, as the Compliance Officer and he may be contacted in case of any pre-Issue or post- Issuerelated problems. He can be contacted at the following address: Mr. Mahesh K. Poddar Company Secretary Mudra Lifestyle Limited
149, Shiv Shakti Industrial Estate III Phase, Andheri Kurla Road Andheri East Mumbai 400 059, Maharashtra Tel: +91 22 2859 2703 Fax: + 91 22 2850 6115 Email: investor@mudralifestyle.com

The Company shall in each year hold a General Meeting as its Annual General Meeting in addition to any other General Meeting in that year. All General Meetings other than Annual General Meeting shall be called Extra-Ordinary General Meetings. An Annual General Meeting shall be held within six months after the expiry of each Financial Year provided that not more than fifteen months shall elapse between the ate of one Annual General Meeting and that of the next. Nothing contained in the foregoing provisions shall be taken as affecting the right conferred upon the Registrar under the provisions of the Act extend the time within which any Annual General Meeting may be held. Every Annual General Meeting shall be called for a time during business hours, on a day that is not a public holiday, and shall be held at suchplace as is permissible by the Act and as the Board may determine. The notice calling the meeting shall specify it as the Annual General Meeting. Every member of the Company shall be entitled to attend either in person or by proxy and the Auditor of the Company shall have the right to attend and to be heard at any General Meeting which he attends on any part of the business which concerns him as Auditor. At every Annual General Meeting of the Company there shall be laid on the table the Directors' Report and Audited Statement of Accounts, Auditors' Report (if not already incorporated in the Audited statement of Accounts) and the Register of Directors' Shareholdings which register shall remain open andaccessible during the continuance of the Meeting.

The declaration and payment of dividends will be recommended by our Board of Directors and approved by our shareholders, at their discretion, and will depend on a number of factors, including but not limited to our profits, capital requirements and overall financial condition. The Board may also from time to time pay interim dividends. All dividend payments will be made in cash to the shareholders of the Company. As of date, the Company has not declared any dividend. However, this is not necessarily indicative of our dividend amounts, if any, or our dividend policy, in the future.

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