Overseas Subsidiary

Sumeet Global Pte Ltd., Singapore

The company has a wholly owned subsidiary company in Singapore registered with Registrar of Companies and Business , Singapore .The company is mainly engaged in the trading business of merchandise goods.

Pursuant to Accounting Standard AS- 21 issued by the Institute of Chartered Accountants of India and the provisions of the Listing Agreement with Stock Exchanges , the company prepares Consolidated Financial Statements of the Company and its subsidiaries.