·0 Expension of FMCG

Historically, it has derived significant portion of their revenue from sale of

apparels. In pursuance of their business plan to diversify their portfolio of
offerings, FMCG products play a key role. FMCG products are usually meant
to fulfill the daily needs of consumers and therefore, It believe retailing of
FMCG products will bring customers to their stores on a frequent basis and
this may inturn lead to consumption of their apparels. It believe retailing of
FMCG products would help us to eliminate the impact of seasonality of the
apparels market in India, which depends on factors such as change in tether
conditions and festival celebrations. In furtherance of their endeavtheirs to
reduce costs, It intend to procure FMCG products directly from the
manufactures. For this purpose, It has entered into and will continue to
explore the possibilities of entering into certain arrangements with
domestic FMCG majors on such terms and conditions , which are suitable to
their business model.