Zest Holding Investments Limited

Summary of the Proposed Combination

[In terms of Regulation 13(1A) of the Competition Commission of India (Procedure in regard to the Transaction of Business relating to Combinations) Regulations, 2011 (as

amended)]

A. Name of the Parties to the combination

1. The Parties to the combination are:

• a) Zest Holding Investments Limited ( ZHIL ) – acquirer;

• b) CAG-Tech (Mauritius) Limited ( MCo ) – target; and

• c) Agro Tech Foods Limited ( ListCo ) – target.

B. The nature and purpose of the combination

1. ZHIL proposes to acquire control of the ListCo, which will be undertaken in the following manner:

Step 1 : ZHIL to acquire 100% of the shares of MCo, thereby resulting in acquisition of approximately 51.8% stake in the ListCo through MCo;