fully install to gain full control of SACL (India). SAGUSA, the USA operation is now in receivership and all reasonable provisions have been made in 2019. The Company also acquired 100% of Sakthi Portugal

securities company shall implement a reasonable measure to ensure that the client -5- understands the rules relating to borrowing of money for purchasing securities or borrowing of securities for making a

necessity and resolved that the receipt of financial assistance is reasonable and will eventually increase Company’s profitability, liquidity and benefit to overall business operation of the Company. Thus

transactions of the Company are reasonable in the normal course of business due to all transactions are taking to supporting the business operation and also the terms and conditions are satisfied. Please be

transaction is therefore reasonable. And for the maximum benefit to subsidiary companies; the rate of rental and service is set from market value - market rental by comparing market data which is evaluated by

are the main production cost of the company and subsidiaries. Therefore, to process the mentioned transaction is reasonable and it will give the best benefits to the subsidiaries. For the cost of

Board of Directors’ meeting No. 7/2018 held on 7 December 2018, considered that the transaction is reasonable and beneficial to the Company and the shareholders. Please be informed accordingly. Your

best interests, the Board of Directors (not including the Interested Directors) was of the view that such transaction to offer the financial assistance is reasonable and would directly benefit the

transaction with an independent third party as well as associated risk Reasonableness After consideration, the Board of Directors is of the view that entering into loan transaction is reasonable and will

ensure that the credit ratings and related reports it disseminates are based on a thorough analysis of all such information. 1.3 A CRA should adopt reasonable measures designed to ensure that it has the