CCL — earnings call

The transcript as filed. Every paragraph is addressable: its link names the page and the position it sits at in the call.

Prepared remarks

India.

May 14, 2019 · \‘\NIRMAL BANG

\‘\NIRMAL BANG

· a relationslnu beyond bvnkmg

a relationslnu beyond bvnkmg

MR. AMIT AGARWAL · - NIRMAL BANG EQUITIES

NIRMAL BANG EQUITIES

PRIVATE LIMITED · MR. CHALLA SRISHANT— MANAGING DIRECTOR

MR. CHALLA SRISHANT— MANAGING DIRECTOR -

CCL PRODUCTS (INDIA) LIMITED · Management

MR. KVLN SARMA

MR. V.

LAKSHMI NARAYANA

OFFICER · — CONTINENTAL COFFEE PVT LTD

CCL PRODUCTS (INDIA) LIMITED MR. PRAVEEN

JAIPURIAR · — CHIEF EXECUTIVE

CHIEF EXECUTIVE

OFFICER · — CONTINENTAL COFFEE PVT LTD

CONTINENTAL COFFEE PVT LTD MR. P.

RAO —

CONSULTANT · COMPANY

COMPANY

SECRETARY · — CCL PRODUCTS (INDIA) LIMITED

CCL PRODUCTS (INDIA) LIMITED

MS. SRIDEVI DASARI · - COMPANY SECRETARY

COMPANY SECRETARY —

CCL PRODUCTS (INDIA) LIMITED · Management

Mmermor. mu mmI. mu. sr'ulmm.

Mmermor. on Product: (Imiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

mm and gmbm gm day and mm: In lh: CCL mam; Im wad m mm Run“: mam: cm hails! by MIMI Bang Eqmlm mm LImI|:d A: a mum aH parlmpaul hm wIH be m lh: Ibmey

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I; mm 15% la m. m km“ af mum IIbImmd bullamhu: w: am My WWW Thank y“ my mb 5” mm and mum" w: WIII my '3:qu lh: Wm and “my Rsimu w: hay: W mm mm rm lh: III: af HImmhu Nayyar rm SysmeII gm; I4 Slxks pbmgmud mm 0628 Himmlhu mum. mu. sr'ulmm.

Himmlhu mum. mu. sr'ulmm.

Himmlhu mum mu. sr'ulmm.

Himmlhu mum mu. sr'ulmm. v mum: mm...

Himmlhu mum v mum: mm... ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

w Smhaulaudlumlhauks Imam; mqum; Jummdmmmmmmm mm mm mm: la Wm, m: \aiiafrtveuutau mumm; :hwlbenus: whal

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Himmlhu mum mu. sr'ulmm.

Himmlhu mum v mum: mm... mu. sr'ulmm. v mum: mm... ca Product: (lmiia) Limited

Exam

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Himmlhu mum Mmermor. mm ankh. mu. sr'uhnm. mm ankh. mu. sr'uhnm. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

Okay gal lhalaud mm (mm ,m la Smhaul 53mg lhu mm“ m mm pm; whal h lh: my mm mhdm whal h lh: magnum mm 5w: m M W: yurhaw shan‘d w mm pm; mm be Why A: Paras lh: mm phm m :auemkd beans: a; lh: (rap h mam aha h whamhd uhmm “1:5: m lh: huh \argul mum m, m shawmg lhal mu: m a hmwmp h; yum w:H sa wkamnpedmg lhal lhtpmss m be umhpmsmahd m mm; m hm mm mm sahhg lhal m, m npxlmg lh: pnes hm hm hghnmny mm “mm: m lh: hwmm R‘ghl m mmammmuh aH hm: \aw h fad m m ghhg lhal mm hm mm heardmg mm sahhg lhal m, m hm whhhg la “H a hm ‘mh ah, Wu Th: 6 why m m hm awhhgahy sharp Mum; Mk: m

M m mm lhal lh

mm phm m m: am wh‘dw 6 why m hm gmh a gwdzuna‘wamrdmgly hm hm W‘s pawl mm; mm hampxhhg lh: phm la y am mm lhau h; wh‘dw 6 why mm m mhndm abuulgmug W gmdzun rah lh‘s Mm 15w. la m. gmwlh h laphu: bullumhutaud h ham; cm lhal Thanks I mu (mum h lhwm rah mm thm AH mm Thank m 5h w: hm hm thah rm lh: hh: amhhh pmhh rm gnaw mmgamm My thah h ah lh: hm mm

m hm hm mm moo mm a; M W; am I hehm w: hm acqmred m hgw mm th| in m hm ban am: la mug lhal hm a; moo ”hm dufl hg pmw Na moo mm ham: lhu pariah lhal m m la “my lb was a wmh n m, “g la buy ‘h ham: la mm la mm,» smH parks

w hgw mm“ ha m hm aqmdmaw smH ham: guys w: nughl be am: la mug up la am my be 500 lawman”: mhshtaHydurmgW: m, bulualbeyuudlhal bullhgwparlfarus h premab‘hly hm hm 5“ mm: beaux hm H) (mm; mu be ab‘: la gmhm lh: 3m: mm lhal m m la 5“ rm lh: moo mm lhal m “g la mm la lhu Wham (mm Thal “beans: mu: m mu patk lhal u whm lhkpmfiub‘hly m w Emu, Paga 5 am mm mm. mu.

Sr'ulmm. mm mm. mu.

Sr'ulmm. ca Pmdnm (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

sum dmw Mam m: man mm mm ludIaaud Vmuanfi Per Duggm‘a pIm m ludIa w: Wu: al mmm mmm m lh: In m M; “am" In; m, w: m M; lumulmu: al lh: m: ImI

Per lh

SEZ w: m mkmgabuul 50w. “Mum am; In; yuraud Vquam wIH mum. “Mum am; In; m, Wm I; m wtartgamgm farlhaladmlmua‘upammu Wm wIHbemmp‘:|:dm In; nmmI yearle‘f

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Mmermor. mum Shah. mu.

Sr'ulmm. mum Shah. mu.

Sr'ulmm.

Prnveen “mum. on Pmdnm (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

«has!

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MR. AMIT AGARWAL · - NIRMAL BANG EQUITIES

m m: mm 5: Wm I; lhtgmdzue mg farwardas w:II Wm I; m: WWW: and gmdzusgamg mm 5: WWW: m: a; w: In mm In m: w: dId a bums; ufapprcxmulfiy Io Cram Wm I; ma w: am“: In m: and a; m a; pmmalmua‘ arm; a: Paga 7 am mum 5m. pmggn “mum. mum 5m. mu. sr'ulmm. mum 5m.

Mmeruor. um 5m. pmggn “mum. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

gmgmgd mm mum» ggu a anybafytari as: whgu wg mg: mg uperalmm wg mm mm mgr ”mm: 5: Wm wgag damg a wg m um; sltpbyrsltp an“; and war: \awkrmg am ”mm"; m um armg sxu; um wgag mg“ m Wg an m puH lh:pmga|au:y sa mm mm mmgglrgmmmdmggrsxu; wmgmgso gram mug; and mgramsbagr‘urbm m ‘rmgmg la 5::th mm firm mg \arg: pan gr mg mmgl mgrg wg amal par m m mmpelmau and H: mm» afl'unr: mgrg 5m ‘r m an mg mg 7:ng number: m mg mm yur bulh m ludm and Vmuam upgmwv Azlquy a; m as ”Mg dgum m gmgmgd wg m m gwmg mg dgm breakup beans: u a bemmmg mmpmgugd far “5 Thu: m in many d‘nggm praiuzls and agam mm mpgum and aH ma mg mg dumb ma wg avg a bemmmg mg pmbmvuh: m “5 sn mu ‘5 mg mm m wgm m guh "g m mg dgumr m mg; m mdgrmd m; mned‘y mg 15w. la m. md gr ”Mg number mm mm wg art mm; a mu m m mg 19 numbers mgr m; dmp BFMXX) mg; ”Mg mu wg hav: wuuude Vg; Amghlsv mm ”mum mm m 5w

Wg hav

"g“ quulmu mm mg hukuf mm Shah mm wwm 2w Hungaahud Vg;

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m mm; m quulmu 5m mm M m m 5w: mg mm afdamuh: braudadbusmus helm" a2: and m M W: yards wgu a; mg \asl ygm A: I was gums m a mug as: a H «mm \gvgw wg an a humus afapprcxmulfiy mom; am a; mm pure gm humus: mm ‘5 mg m humus: was apprcxmulfiy 35 CM; and ‘r m add APO mm a m beans: wg mm, u M W m mm mu m was mm was appmxmulfiy 15 am 5g 35 pm: 15 my“ wgg la n, u mmm gmmg mic Cram am a; so Cram was mm: hummus and mg g“ was m and Wag \abe‘ Paga 8 am um 5mm. pmggn “mum. um 5mm. pmggn “mum. um 5mm. pmggn “mum. um 5mm. pmggn “mum. um 5mm. pmggn “mum. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

Whal u m; my APO mg mg my ardu mu wg ggl my u u m m ardu u m lgudgr wmm wkparhmpalk :vtry yuraud ‘fwtgkl mu lgudgr wg supp‘y mngg mm, mm mm mm Okay and Svmmparab‘: number: m m yur ‘fyuunu hfip n; W 5g mm yur whgu I m 35 Cmmsafmm‘ m; number m yur waSQCmmsaud APO was mgmmg vtry mm beans: lhw ”Mg; d: m (hang: mm in mm yur u was appmmlgm n and W5 yur w:dmd 15 And an parV m pan was mumm mg ml arm was mgrg mm yur a; wgu in whalkvkr 5mm mug 33mg u \arg:\yau mg rgm Ed: Swan m hfip “5 mm mg mm; yur pmyxlmus and ‘r mm mm mg pmggm bgmgu m and m my mum Okay n m mg ,m 5mg ma sgmg mm wg m Mm; far "g“ m, m bmmgn mm a :urRtu a 35 Cram wgag \arg:\y Mm; la dwb‘: m; bmmgn "g“ m, and mgrgrm m m m up m mg g“ a; mg lhmgs mg bu‘k and mag mm and gmgr; wg mu mm mm mm; mg meow mark "g“ year sag gal u 5v "g“ u an mm, bgugr magmmdmg mg m Mug“ 5: mg mg, ggpgmg; mu was asks! m mg Wm qmm m gnu: up mgmfinul‘y w wg magma mu m, mgg ‘5 mg mania! megaud dmnmm mm mm m 5mg mg mg hghl “aw m km“ afhaw u mg mam, hkfiy la be m mg mm m mgg was mgmmg ma wg ma mu qurlu mm mm m gpgn mg "g“ qurluar wg have m; somcmrg; pgrqmgr mu mg mu m hkfiy lamulmutau mg 5w ydt7 Vg; u mu mmg a mg mg mg udgpgud; an mg 7:ng gr mg mg; m u gamg la happen u mu y m pmpurlmu la mg dmspakhts Paga 9 am um Shah. um Shah. mu. sr'uhnm. um Shah.

Prnveen “mum. um Shah. mu. sr'uhnm. um Shah. mu. sr'uhnm. ca Pmdnm (lmiia) Limited

Se I d

mg abu mm mm Wm M 5h lhu Wm wghad a WWW ”hm nu am am“ lhal w: had a WWW yump h lh: 5443 mm: mm: Muh‘hg lhal has (haugkd

whm wgthahg: mums lhmv m w lh: mhhg andd‘slflbulmu “puss in h go mm w: hada ”hm dggmwlh, hwmr w: hadabuul zow. hmm h W megaud d‘ilflbulmu “puss in ‘h 59mm m‘um: :m lh: aw“; has gm up in a mu: m: (hang: h 5mm wmklhmg lhal has (hangs! h lhalar u a,“ a mm ‘hnahahv n h ahh hm» ‘hnahah aha m: aflh: d‘spakhks hm mm mm la lh: Us whtmu lh: mhspmhah u my hmm m human m u lh: damuh: bums; :Aptuduw: h m hmmd h 04

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damuh: mm: bums; h whal m m ah hgv m Okay lhal h hupm

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mm ah lh: pmyxlmus mu: m w: wm phmmhg mm 15w. la m. gmwlh h ”hm bullamhu: aha mm; “M: pmyxlmu ah lhkbullamhu: u may: mkmgabuul lhal 155 am; baumhhm Sumtulhtrbullamhufl N: w: m mm; mm lh: mom; bullamhu: w: m 5am; lhal Wu: mu be a m 15w. la m. gmwlh ah lhal n m Wm mmm: ah mm aha ndud: lh: dmdkud lhku m mm 5;, Wu: mu be: 15w. la m. grcwlh Okay lhal ‘shfipm 5mm mmshah lhal uhmu ‘fw: mmh mummy; mm vam aha FVZDIQBxAraptralmgpmms hm bmad‘y mh sughm w u h ahh mm W. w. ahhm grcwlh h lh: aperalmg mm; lhal m m 53mg 5e I am am; aperalmg mm 1mm m lakmg lhu “mm pnss 5e aw m hm “hdmm lhal mu: m gradua‘ ham: gmwlh lhal m m gulmg n lhal per lawn: mm; mm w: mm, behw: lhal mu: m mm mm, m lhal m h lhal mm; an“: la mm mmpehlmu Md“: la hgwmlmm wan m hfip m uhdgrmhmhh shthy mm m m whumh w: hm hm 53mg m lh: hm mum: mm; W: hm hm mm, addmg hgw mum; whm w: m mm; mm ah ham: am “pm, uhhalmu aha \tikrau lh: pmmabmly asped hm rah lh: hm mam haw whal w: hm mh am a Paga 100m Ankh Shah.

Mmermor.

Mmj Cori.

Ehnlln Sr'lflmm. v Lakshmi Nnrflnnn.

Mmj Cori. v Lakshmi Nnrflnnn. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

mhavtbeku lambs mm“ lb: smH patk humus as w:H wbl:b l; bub galblbg m: and m: lamb lhal b almml lb: mm why w: a: ;:lllbg up: bkblbg famhly hr m: lhau abuul 5000 law af smH path lb:ll NW mg mm w: a: bal lambs abl, ab lb: balm: bum“ w: m: m lambs ab lb: m: pmfiub‘: bums: lhal b mar lb: mm why w“: gull: mbml:bl lhal lb:: Wlll b: a subsuuha‘ bullamhu: grcwlh llw: my: \wkmgal abl, lb: ”lumbmlbm Wbmnl Wlll unlbegrcwmg lb bmbbblmb la lb: labbb: A: m as mlbbl: mlmm a: (unarmed lb: bums: ll has always b::b hlgh‘y mblb:llllb:abd ll b always law bulglb bums“; w:H sa wbl:b b why w: w:mbl: la mug: la shawagmwlh lb lhls m, lb splltaflasmga moo labb: :uslamfl beau; ll was law burglb bums: unfarllmalfiy lhal mlmm “baa lb: lllbm lhal w: a: :babglbg m. :m ab supp‘y lbl:bbl w: a: a pubh: mm, :b:bylblbg l; ab mrd n b: \wks al W MW and N lhal and b: lhmks w: a: Mbbabglbgblbl sa lhal b whyhtskluphlsphul bub w“: ill“ lb lal:b Wllb lbbgby and w: a: glbbg blbl W bbm b: sabbg bw l; ll pmbl: lhal m guys a: qualms \awu lhau bl, mmmrlbs ml b whal b: l; aims “5 Wm bal b: mpbg lumarmw llb:d::ld:; la RH bl; blabl nghlgal ll lhal mm my Okay w I Wlll (amtbatk lb lb: qll:ll: far my: qmllm Thank m

Thank m sly thav

ml will” rm lb: bb:alMaba, Curl rm Eqm; 5::llbll:;

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abbbblublly slblllsl la bub: yalmbulagalb :ab ymllmluabml: bb: lb lb: m w: a: \wkmg s:bl:wb:l: armmd 155 am; af b:l pmmablhly in ab m yuil :labmlubmll lb:dlbd:bdabdbw w: “lully «mm v:; Sullhmkmrcmnuamwtrlhli lb musahdakd «mm w: hay: :bbllbam lb: dmdtudai b:b lb: lb“: gmd:bb:; and lmdkrGAAP lb: albd:bd “mm fur R; 29 z Cram :5 :lb:b mm: nghl 5: ml m, wb:b wgar: gmdlbg abblll bb: m. in w: a: gmdlbg lb: rang: BI 15% la m.

PATgrcwW Thal l; rlghl Paga 11 um Mmj Cori. v mum: Nnrflnnn.

Mmj Cori. mu. sr'ulmm.

Mmj Cori. mu. sr'ulmm. mu. sr'ulmm.

Mmj Cori. mu. sr'ulmm. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

Se m; mmbgamd lééCrcm mu wgmgagmuydgwwggddmg lh: :umul ygw m m 156 Okay in ma wu‘dbe an lh: aperalmua‘ mm s‘dkaud w ‘r mm lhmw mg hghl ‘r wg m a Mk: sow.

Mam mg: m lh: rmg dngd Wm, in mm M bg sprud am; mgqmgr; w mu: wu‘dbe mghgayy “Mum m mg xmudha‘far mmw n u a sprud gr lh: wha‘: yur wg hav: aggugd lh: :ammflma‘ aperalmm an Apm m 2mm lh: mmmmgpemui u mg la swam“ Okay mu mm bg grul and m mm afupauimu pm; m m WW mg mm lh: pukagmg rem: mum" lh: wgmm mm mg Wm H lh: mpg um wg mkud lady and Wm mmbg lhknpaaly admlmusaudkvkrylhmy Wg art p‘aumug lahav: lh: pagmsamwmgmm fauhly u u mg la bg mm 10 mm “mm; mm mghm agg‘amtralmu audpadmug fauhly lalaHy u u my: bearmmd 10 mm 10 mm U507 Vg; Okay and m; mmbg Mk: m lh: Chmwrp‘auv Vg; u “1,3;ng lh: Chmmrp‘aul lhswlyd: lh: 522 m on mgm; m Chuluurwgbwghlmamlhauhuudredatmat ma mt! “we and am 30 mg; a m mg SEZ in m; mu bg wmdg lh: SEZ m m lh: 52m: gmgraph‘: mm And 5v any hghl an wgmm mg mu m bg lh: “pm, mm; and Wm mu bg lh: npamlyavulhueV Vg; W 3500 mg; admumaw mama" :apamly Wm bg “we and mg mvtilmtul u appmmlgwy mm 53 mm Paga 12 um Mmj Cori. mu. sr'ulmm.

Mmj Cori. mu. sr'ulmm.

Mmj Cori.

Mmeruor.

Mmj Cori. mu. sr'ulmm.

Mmj Cori. ca Product: (lmiia) Limited

Gamg [award M: W: year wg Mu dgnmgwy bg gmdmg mm 15w. la m. gmwlh am; Mg aperalmua‘ hm: Mg,“ m ‘r wg radar M Mg Mm gr moo mu: mlmgr in M

Mng My Maugg M Mm m Mg mm

yum wmdg pmmv

Nu beans

Ma Wm M a‘mdy Mgg M Mm nmgm m, n gamg farward W gmwlh mg Mu Rmm Mg mg n u a Bug an mung" wg hav: ukgu Mn N mm, M MN MW» yurbenus: gr Mg Mm a; “m mlmgr u M mum a vgr, rare lhmg M a mpukuar mgugr gls Mm muufazlurmgaud as I was mmlmmugurhua‘w wgdg m km W \aug Mg Mu bg

Mg ha

"a prmr ggpgngugg M mummy“ and Mg Rm and M Ma Mg ha: la m Mm mm wMgM M m a"g gr Mg mm m u

M Ma MM

asmr hr “5 la y mgr M; :uslamtrs m sa gamg krward Mgg M a 9mm, Mu Mg mm mg bazk la “5 m Mgspggmg afwhuhu Mg mg; bazk w "a wmgm “g9; Mu wg hav: ukgu a mng a; ygm as: aH M M mknahuug wgm smug ”Mg gmwlh mm; M Mm aMgr mrkgn as wgu mdudmg Mg Us mm 5e M mm: afvamkadded grands lhal wg ”mu, wg Ru Mk: mareprtmmmb‘wdi w wg sgu smHu 9am in ma mm bg Mg lam pekeulag: nghl m a; ufludzy Mk: m Ww19uf|a|a‘§a‘:i7 I Mn 5;, mm W.

W bg ar g“ lhau m.

Mu bg smH path audpmmmmpmduzls wg ”gm; la Mgmg Mu la a gal zow.

M m: year And in wMgu wg 5;, mm m. la zow. \argu mmbum mm bg :ammg Mm Mg Chmwr p‘aulV 5M I am my la mlgrmpl mm m ng la mumbuk M Mg qutm7 Vg; u M Mg mg ngmnmm lhmg swim Mm lhmg w \arg:r:au|nbu|mu mm bemmmg Mm Mg Chmwr p‘aulV Vg; mm: warggrmMmm Mu bg mmmgm Mm Mg Chmwr mm R‘ghlsv mmm WgwM ggmagk M ngugug Paga 13 um Mmeruor. mun Akelln. mu. sr'ulmm. mun Akelln. mu. sr'ulmm. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

mm m vtry mm 5w ngg uulqukilmu mm mg hukaf Abhml Akwa mm IIFL was: 5: ahud cm mammg mm m w mm m mm; m qugmm m m mg mm a; mg :uslamu I ,m wmgd la undumud whuhu m; n mm m a"g an lhmg m m 53mg m lgm“ arm; :uslamu stllmg upa fwmyaud a m; m mm; mm mm: sgl u “paud mm mgg bga mmgg um amgr m pultulm gmmgr; mum» gmdgr damg mgg ma; aflhmgs m ,ngu mgmmprgdugm m mam Vg; mm :uslam:r sg| up Imp‘aul m mm m smug mg dgum spx‘finHy beau; m utvtr km wg mm ggl m; guy bagk a; agmmgmd I an m mm m m auylhmg mgardmg mm A: m a; whuhu u u a Bug an lhmg u gauggmgd m mg mm m ygm wg hay: utvar hard a: mgmmg ‘mg m; happened mgg a gpagkgr dead“ m ggl mm munfklurmg u H mm; mg amgr my ma "WWW; m mm: mm M ‘5 m rtu m ggmmgm my mgm m hav: a 2000 w a 2:»ng muufazlurmg mm, mm u m mgy m mmmgdm Waugh” Ngw p‘ayus m m mm; gummg mgy aggmmg mmg mm m prmrupermutk m mfis and mu ‘5 aug a: mg mm; m mgy Wm ragg :haH:ug:s beans: gulmgmlulhkmn’s mam, ‘5 m malt/15y msa vuy smH auddam ugmm 1mg“ ywhavkprmr lrazk mrdaudaguudhmury perm: mu m lml yam a Wm, “9,;th mm ‘5 Wm mg mu |gu whgmgr u ‘5 vmab‘: my mgm la stlup mg ugw mm m m 5m and ,m mm, mg mm aflh‘i his ufbusmtsi was gumy m AG Wm; M m was mgrg mgpm m m a; wguv um; mgg mQZas wgu mm, m rum lhalpumlm mg md‘dual mwm fad Vmgu wg myg mg \asl gmrggugg an m wgm "a ‘du mm mm guy m m up w; m gum mg was pmm‘smg “5 ”Mg; mg smd mu mgg a a dgmmd mm a m gm m mg ‘5 mg la 5mg “5 mm mm» ”Mg m 04 m a mpg gr mm; as: Vmgu wg spuk: “Waugh mg alhu 5mg; wg [mud am mu mg m a‘mdy sgl up w; m {mm mg" mg" wg spuk: mmm mg waygshg wasgkllmgmla muufadurmg mm m mgm 04 and: 9mm mpg“ m 03 a; wgu 5a m a yearrlaryearbamarmmd moo Mugs mm was mgg Paga l4uf28 Ahhijn Akelln.

Ehnlln Sr'ulmm.

Ahhijn Akelln.

Ehnlln Sr'ulmm.

Ahhijn Akelln.

Ehnlln Sr'ulmm.

Ahhijn Akelln.

Mmermor. ca Product: (lmiia) Limited

Sam aha lh

15w. la m. gmwlh lhal w: m shhsagshg haw rah hm ysah haw hush hssbshw as w: hm sh sshsss arm: :uslamfl wshs lhal w: hm la Earl arm up Wax w: hm hsshshw rah lh: hm m weahdsnhsms aha rah shss m yeah w: hm mady mmdashssssabamow. msw. srwhsapasssy 5a ss ss shh hagshhshgsnhs ysahaha w: hm a‘rudy mm armmd 70w. ls 75w. a; whal w: hm pmyxlad 5: ss ss shss lh: bah“: lhal has ls glmvkrgd whsdw wsh gu mmd dahhg lh: yeah nghlgalsl unlhalsshfipm Miuyuilladaflfy shm wasamhshsshssahswh lh::aH abuul lh: bhahdad basshsss sass afabuul u Chms sh musahdzkd shss ysah was lhal shmsy sh m slmfar was lhal assa smad aul mh lh: saw u was sprud m dahhg lh: ysah bul Qa shssspahdssm was a mu: hsghw sh fad whsh w: wm spukmg ls phamh h: was upsashshg lhal ss ss a gm pmb‘uu ls hm hasam mmpasssshs hm uhsh as rtu ghwssy my hm slarkd gshhg arms sh lh: hams lhal “my hm hmhgshsh sh lh: pail 5a “my mdsnhsmw shsshg ls Rush hams shm whsth ss why w: wahm ls be hsm assasssha sh lh: brandedbusmtss w: wahssd sashsm lhal w: has shsw Rush bul gash msssshas hams shm as wk“ 5: w: hm shssmad m s: adhwssghsshss aha ulhtr ssssahss hm hash pm sh psm whsth ss why gash; rshwahdasss lhal upeudslmt ss has yshg ls Mun ss whal w: wahm ls (sahrs aha hssss a: shss upeudslmt ss gash; sswahds lh: was: basshsss hasam w: wahs ls yaw lh: bhahdad basshsss sh a hsm Suiumab‘: hsahhsh Gal ss ah: \asl lhmgaud I wsh mumbuk sh lhgquw:

fremkdnkd psahs shssow. uhhalmu wsh sun rsghl rhahs Apm ahwahsas ss sw Vs lhal ssmm Thaw/fl shspass m wsh sun sash; rhahs qzshwahds a! w: hm mady 5mm Supp‘ymg la (“slams w: m 5:“ng lh: 9mm appmva‘s audaH lhal assa shm m mush mssnsahshs aha w: hm la gu am an a; lhtm 5: ss Hugh be a hll‘:s\uwle bulQZauwardislwsHpmkupmar: Okay grul Thank m ss hush

Wssh ywaH lh

besl Thank m Ssh w: hm hm qusshsh rhahs lh: ssh: a; Kauwa‘pml Smgh rhahs Ambsl Capssas pssmgsmad Paga 15 um Knnvmlvreek sinxh. mu. sr'ulmm.

Knnvmlvreek sinxh. mu. sr'ulmm.

Knnvmlvreek sinxh. mu. sr'ulmm. ca Pmdnm (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

mm m 5v mm m m um; my nH 5mm mm la gla m: m ma m: mwab‘: am hav: gm up beans: m m pmdmg mm (mm la W Us (mm an mm w my a; la mm mm d‘fiutun u mmpamd la almmlmw NurmHy Wm alhtr (mm; w: wrk an a cm ham w m; 9mm “5 m an LC mum; mm 30 am and N mu m m; parlmflar (mm w: m gvmg mm 130 dzysued‘l Okay nghl 5v Wm ma a; mm; d: m :ka rm m; (mm a; a “was: a; WWW

mmgmm appmmmy ammmmmc“; w m On a m M7 m an a mm mm; Okay nghl and m m w W m; u am pnmmy in m m mat“: m, Mm 5m m m: Us yusl mm la 3| a m: whal ma a; 7mm; hav: w: am: pmbab‘y w m: mmmm mm m m, was “mm "mm m, far m; 9mm, Us (“Hummus urhu w: Wu: mm mm m mm ans m m W m: bums: m w: mm mm m m and m M u was mm, mm”; m: mung bums: pm: gmwmg by mm 5w. low. m; yurh: a upxlmgal mmmm m. la m. gmwlh m m: Us mm am And 5v Wm mm m; be an m: um a; m m: Us Mm (hangs! dramahnHy beans: I “mm m muuHsurhu mm ma um “we a m: w w Wm H mmmg m and um rmghlbehfipm la “:7 In hd mu m ‘5 gm; ‘mpkmkulad A: a; m m ,m gal a "Mam mm: a; mks aga 3W5 mu Mmh mm m; w a gulmg ‘mpkmkukd m gmrmm n W; la rm; an mum“: mumm and lhty m mm; M m: mm mm mm; a; wk“ in But: mu mg“; ‘mpkmkulad m m npxlmgh‘ghu Wm M m an m Wm la dkpeud m, an m: w m 3| (hanged Wm u m w: (hanged W 5mg, mummy m m: Us mrku W:hav:par|u:r§d Wm m m a mum mwm mm Paga 15 um Knnwnlvreek smh. mu. sr'uhnm. v mum: mm“.

Knnwnlvreek smh. v mum: mm“.

Knnwnlvreek smh. mu. sr'uhnm.

Knnwnlvreek smh. v mum: mm“.

Knnwnlvreek smh. v mum: mm“. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

haw w: hm mm mu lh: mlmm lhal h: h mpmhhg la audh: h lakmg aurhfip ‘h :mlmg hgw ”and; am whgh w: wm WW wuh lh: falhtr w: wm WW wuh ahh “1er fwrpmduzls haw ”mam”; lhmhm prcduzlpurlkha lhal w: hm la “1:5: (“mm wh Kh mm” a; lh: mm; why W ”hm; m gmwmg Okay thl 5h mm m 5w: m: a m: ah whal M, mam rxmvab‘u whal pmhlmammmwmmh:usmhmv

I lhmk Wm

mu “my lhal n h mm m. anh: lam mawab‘u rm m Us hum“ Om mam mum; 3w. rm m U57 m beans: mm m Mam, anhgmhum h go on, th| 5h rm lhmmmh whhth m hm M m lhmah, mawab‘u7

Na ualhmgalaH ah a cm ham w w

mm hm hm ah, “mm; m am am; lhal way Okay thl in may unlupedauy mam ah lh‘s mwab‘: mum Nulhmg a aH Okay Shah lhmhmhd I m m lhal yumpayab‘u hm m mutasad drawtu in mm la gla mm lhaV mm, a; I mm urhu w: hm ”mm: mm w mm :Apxlmg lhal lh: hm a; (mm moo lahhuawly aqumulas w:H axing aflhal mu: m ah hmm h lh: ma: 9mm; 5h m mm hm lh: m; a; m, protwtmtul am pm“ penud mm lhku hmm drashtuV N: H mm lh: m: hkgurhu m, Paga 17 um «3“»me sinxh. v Lakshmi Nnrflnnn. «3“»me sinxh. v Lakshmi Nnrflnnn. «3“»me sinxh. mun Snmm. v Lakshmi Nnrflnnn. «3“»me sinxh. v Lakshmi Nnrflnnn. «3“»me sinxh.

Mmeruor.

IImI.

5mm. mu.

Sr'ulmm.

IImI.

5mm. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

Okay 5mm I m In; IIgm an lh: mugg 5th lh: alhu nmgm IIabIIIIIg; mm; m Imam by mm 70 (me: :ampartd la In year in WI I; mg name af “1:5: mm Mg; 7

EasInHy Wu

I; Ingmg m lh: mm; anm “Imam and m Wu: I; an Ingmg la lh: ultul gmg ltrm Im Rpaymtuls mm; d“: m Hal I2 maulhi Wm I; “mum nudtrnmeul mm, mm 5w m Wm I; lh: name af In; beans: mg WWI I; qug bIg mt!

Wu: gygu mmpartd la alhu IIgmv mg I; a ltrm Imm Rpaymtul habIhly am; on 0mg; Wm Iududu ltrm Im ukgu @522 WI mggmgpaymguIIIabIIIIymgyspgm“pmmeMngmIm Vs umzs mum IsIthIabIIIIymabIgm "g“ Izmm; wcmmafmpaymwlafmm‘uaw Carrxl an, s” mmu m mmg lwIHIambatk mIgIhnggIg mm m 5w ngguguqugsm fmmlh: Imggrumh Swag mm" mde Imgmr Phaskgaahud m; I; mgardmg lh: \asl :uslamu wg art mm; I yusl Wm la gm, II I; a mamug

Igmrsgu m lh

yurar II was a"I, m lh: In My WW mg woo hunts m lh: wha‘: ya! wg \asl um m In; I; mg mg moo Img; wg upxl unrmHy In; :uslam:rbuy§ m oz and go I Magma m m II I; vgr, (War m and wg hav: ugmy woo“; m lhkanm ww Wm WIII ggI npmhged m lh: war mm Saar: wg “who"; mIng mm In; Im Iakgu M “II: ape/x7 Paga 18 um v mu...“ Nnrflnnn.

IImI. shim. v mu...“ Nnrflnnn.

IImI. shim.

Mmeruor.

VII.

Rumxi. mu. mam.

VII.

Rumxi. mu.

Sr'ulmm.

VII.

Rumxi. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

Vg; up la 2m Ig lIH

Mg dzl

afdx‘aralmu aIggmmgIgIaI aperahms II gnu IBM Wm am CM ,wqmm Wm was Mg IIIggsI npmhad M Pvzmw ll I; Imam Thank ,gmm lhkbesl Thank m 5M ngyg Imaging" Mm Mg hmafVIkas RaslugI Imam Imgmr Hungaahud lhurd m mgumgda ngmg af mom; m lam ”I findmg II M yaurtarumgs MMI; w:w\d mmIMng mg MM lhaV Vg; w Imgd an Mg ludrAS mIgm wg hav: la udud: Mg dIyIdgud lhal I; bgmg dggIagd Mm Mg vIgMamguIIIy luapamulmmpauy TMgmmI I; :92 0mg; Ifywadd “1:5: ZQZCrcm la Mg libmcmm Img “pl: m Mm; And MI; pradIsaflzkmg magma Mm Mg vIgMam “Imam m hav: bggu am I M Mg pail aha MIMI SmhauV N: M; I; Mg Mm IMIg lhal wg hav: dggImd admdgud Mm vIgMam and ms {award :vtry yur wg wIH bedx‘armga dmdgud Mm Mgg as ngI MM I; m I mgumgd urhkr lhal wMgMgr m WI la lak: II as 15% la m. gmwlh an m Cram w wMgMgr m we II“ no Cram I dug; ”I mum beau; bulh mag; Mgg Mu bg a gmwlh am Igm 15% la m.

Mnghl lhauk m Immg mg q“gm" san 53 I nudtrslaudlhal mnmum

Mg lauuag

BI mg; lhal m mag fir mngIIwg mm bul ygI al Mg mg IMIg gygu lhal mgmg lap‘ mg m ksps II “MIMI; baxd an Mg gm mIIgg pngg; 5: my q“gm" I; lhal mm mm bg a WI an gm pm, In nudkrslaud Mg ma afgrcwlh lhal Mg MW I; ggmg shan‘d I Im bk: mgmg fmmuperalmm mm mslafmaltnah I; lhal Mg pm, lhall shan‘d mgw Paga 19 um mu. sr'ulmm. m.

Rumxi. mu. sr'ulmm. m.

Rumxi.

Mmeruor.

Aymh um“. mu. sr'ulmm.

Aymh um“. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

5% mg mg m wg hav: mgr mgg mg rum" wmy wg an m rm m m m mg ng gmwlh m beau; mmghmg; mg my mg W gafigg prmts m m mg rang: gr Blooper ”mg a mpg afyurs as: mgy wgg a moo per mg 5: yr yw wgg damg mg Sim: vmumga my”; years as: W luruavu wu‘dappearas yr u mg mg lhau moo Cram 5e u m ygry mu‘udmg yr yaugaahug mg mg; army mmgygrpmm ww‘dhav: mu gmmgdgmny mg Sim: beans: wg Wk m a m pm: ham Thu gygu I m 5w:

Mmgg my beans

mg m npxlmg mg pmgg; la mm a may \gygm a; mu mgy m mm, mm m. m Sumtlhmg mg mm mm m ymy wg m qmg mundgmabm 15w. la m. gmwlh gygu m mg lap‘m: M W: yur 5e mm was uad‘y my 9mm Smhaul 531mm gr mg gmtu mn’s pmgg; “mums: mum rtu say lhalbeaus: mg luphuthasgrcwu by g pgmgm yw hay: mm gm pgmgm mmgrmngg nghl n my q“gm" was mslud mm mm mm uk: gygmg mm ml argued: imam pmxy m mg ammmlaf mgqmmy mu yw hay: “w 1: 5H m appmmmug ‘du yg; yam" a mu m mg lhmg yauhav: la ksp m mmd m m ygmmygar u m M «My; mum “mg gmmgm mu yw mu have and mg gm lype arbmmgm Our ymgmym m m la 5: mm mug mm mm pgmmm bmmgm mm mug mm a; wgu 5g “mgnmg; slraltg‘nHy wg m‘ghltamprcrmk m a mug m m m‘umg; m Mgr la ggl mm pgmmm mum; Okay Smhaul mm ya“ rmmwgrmg my qugmm mm ya“ 5m

Wg hay

mg“ quulmu [rum mg \mg gr Ayush Emu): [rum qum; mygmmgm; P‘usggaahud my I m led lg magma mm was W m advuh gmgm upeud‘ mm mm far mg ygw ham Our mm mygm gmgm ggpgmg; 5:“ mg and m mmm ggpgmg; and amgr ggpgmg; mg m mygm mm; upeudum: was appmm mmg‘y 10 mm m n w“ appmmmugwy 100cm akay Paga 20 um mu. sr'ulmm.

Aymh um“. mu. sr'ulmm.

Aymh um“. pmggn mmm.

Aymh um“. pmggn “mum.

Aymh um“. mu. sr'ulmm.

Aymh um“. mu. sr'ulmm. ca Pmdnm (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

m; 7; ,m lhkadvuhsmg npeudmlme m mg wng lgmdgmgr 5w upeuduwe m mg dumuh: mmgl mm 7; mm mg alhuaspeds afSicD mm W beaddmaua‘ 100cm Ammam m Cram ukay 5e 5m m a Caulmwla‘ mug wg m ,gygmg; :7 m an Cram nghlm mmw mm 5e whal mm bg mg Mm m pmmv 5e m m Wm lhmg I m mgumgd aulaflhu so Cram mgrg was 15 Cram ampa and MM and mg ml :7 35 Cram was wag: humus 5: mg mm: humus wg art 7pm,; la de: mg mmmgr m mm in W: year wg 7m 7mm: la mg mg mo Cm: mark in ma 7; mg bmad Mm m lkrmsafdamuhtbusmkss nghlaudkulutammml wg ”gm aflh‘i wg art speudmgau advuhswnwl nghW A m am mu beau advuhxmgul hm mggpmgm mu “my" lhmgs \mg 544) and a purlmu Wm bg be‘aw mg 7mg amva in N :7 ma mu add up la mg m upeudm mg And I wmgd la ask an W smgnmd “mm in ma was W mg; and pm ngmg m mg ygm sag; wg an a mmmgr Br as (me: and wg :ud:d up m m a pm bgrm m armmd 77 mm: 77 7am?

Vg; And m mg 7m :1“ m m mgmmgd mu m m sggmgd mg urdus m mgg yum in ma 7; nad‘y mg Baum 7mm smgmd “mm hggv Vg; gamg 7mm: mm W: yur Wm; wg art upxlmg math bgugr ”mm, am pm mg 5m; m beans: wg 7m pan m ggmm lgudgr; m mg Eumpuu mpgmmgm Pagall um Aymh um“. mu. sr'ulmm.

Aymh um“. mu. sr'ulmm.

Aymh um“. v mum: Nnrflnnn.

Aymh um“. mu. sr'ulmm.

Aymh um“.

Mmeruor. ca Product: (lmiia) Limited

and mm mm {am mpgmmgh wg ggl appmgda; u 5: wg hay: la ,m Vern: mg mg band an a parlmmr mm a mg gm aftvery yur m wg art gamg la bg supp‘ymg mm mg Sw‘iikuhly m mg "g“ mgg yum la mg; Mgmmgr; Okay in whal md “mug“ m mtxva Wg art \mkmgal a dgggm gmwlh mt! mgrg A: Paras I lhmk memg m mggmgd mug armmd 3500000 a \gm a mu wg art mm; a m mg Mmmg m mg 5m; uml And mgardmg mg m 0mg; his m mg dgmgmg brand:d buimtii gm m ,m repeal mu pan I ma ualqmltgfl m

Whal wgm mgumgd u an m MI

W wg gm um wg mu bg speudmgarmmd u 0mg; "mg lhau Wm wgm ggugmmg 5: mu m mg mm» m la mg mmpauy n ma wg m pmyxled and W5 yur m wg art pmyxlmg a mm mm mu bg m mm» aparl mm whakvu mg cch u am: la mm mm lhmraperalmus mm» suppurl bemggwtu by mggmpmg; la mg ultulufabuul “0mm m Mlsbam Okay mg mm mm mm wg mu bg speudmg7 Vg; mm» speudmg Whal was mg mg; and pm ngmg m mg year MW mgmam subs‘dmryV sag; wg ma a mmmgr gr R; m 0mg; as aw“ R; 297 0mg; aflh: mm yur and mg pmmbekrtmmsRsmCmms mm bgrm m u .57 0mg; in m a npaaly “Mum mpmgd am mg year mmpartd la mm ygm Vg; u u mpmgd mg :apamly “mum wghavusw.

Okay 5w mmmm my id: mm m mm mm ngyg nulqutilmu mm mg hmaIKuhauGupu mm co Equakh Hungaahud Paga 22 um mm...

Cunm. mu. sr'ulmm. mm...

Cunm. chm sr'ulmm. mm...

Cunm. mu. sr'ulmm. mm...

Cunm. mu. sr'ulmm. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

EamnHy I mm m Mgmmd m mm was mg meg Wm gr mg musahdzkd gmw Cauwhdzled gmy in mum ‘r m m a u mgrg H mm 2000 mg; an a musahdzlad ham wmgg wgmg mama beau; aflh‘i auttuilamtr in u u martyr mg“ a nu Wm m m raped m ”Mg; n; meg u mmparab‘: m mg WW yur gm mmmgmgk mu Imam) mgu mm; ““5me Na wuhwladdmglhal lamsaymgmsa nalgrcwlh mm mm m bamaHy m ma mu m havkahudy dun: 70w. msw. gr M, ”Mg; mpmmm mgnmrgw maulhiaflh‘i yursahawuudmffimulficm mmgmmgv m year a"g gr mg lhmgs a wg m mggd mm am my. arm ”Mg; m mg kgmmugaf mg yearaud mgm durmg mg m, wg wgg my,” la:av:r mg Mmgmd :uslamtrs mg m; wmgg wg m auhmpalad mu ”Mg beau; wg wgg m muslaul msgmm mm mg gmmgr; wg alum gygu :uded up pmmrmg mg raw malma‘ m m; pamm‘ar :uslamu m aulmpalmu ma wg mu bg gulmg mg urdus beans: wg myg mg lhau a mg” lruk mrd mm mummgr

Thu yur wgmd m mm m Mk

a mug mg m; mm ‘5 Wm wg wgg a mug mm mm wgmg mm W megaud mm; m gmmgrmmmlw m admgg mm m mmd mg meg mggm um wg myg wg mm m gum ma uuhk: Wm wg ma mm yearabumiOW. m sow. m; m, wg wgg mggmg mm m. m 75w. wg wmgd m gg| Mgr mmmm; prmr m mg kgmmugaflh: nmgm yur mm m whal wgmd Can ywgmmlg mg an mg 15w. m. meg Wm m mu mgmm m Vg; mg m gspggl m M Us humus wg arenpxlmgal \gm m. m m.

5mm mgr mgg aparl mm mm wg hay: mg: a mpg aralhu gmmgr; wmgg wg m grewmg W Wm mm mgm A mpg argmmgr; mm M mg yur bgrm mu wg wgm an m wgmg ”Mg mm m m is W mug“ M W umg wg wgg mm; mgsg gmmgr; mm mm um 9mm;

NW mu wg hay

gmmmgd a mgk mrd H mm m yum m m mgm wg hav: bggmg :hgmb‘: w “my mg pgmm mam; m mgm a; wgu wmm wgmgamdy Md m mgm m wmm ‘mggrmg rum": Wm wg art mm; lhalarmmde- msw. u a‘rtady (firmed my mg yur Paga 23 um Kllb...

Cunm.

Ehnlln sbbbllbl.

Kllb...

Cunm.

Ehnlln sbbbllbl.

Kllb...

Cunm.

Mmeruor.

Rohnn mum. on Pmdnm (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

slb bml aflhlsgmwlh Wlll m: lbbbl wbl:b bubb:l I bub ludlaar lb: vl:lbabl bubbw Na ll lbw lhmughuul ludla aha lb:: le beagrcwlh beans: lb: brands! bulbs; ll 5mm; bul llm \auk al lb:ab:ball blgblm: lbdlab mbllblbllab ll l:b lhau 7w. :le :bll: lbdlab bmmlab “lully s: lhal ll illH vkry bllblkll: lab l; W Mlbllbl grcwlh ll mbllbg lbbbl l:l ll b: lbbbl Us

All

a; w:ll a; Eumpe Eumpe m I l“ll bl:bllab:d abbll lb: b:w supermrkkls lhal w: gal wbl:b w: b:b:bbad b:lm beau; w: hav: a banded warthwx lb szlMabd lull:y w: m: am: la g:l lbll b:w llb:bbubb:l bllbbma; w:ll s: basltu a; m bald m WM ab ml pm: ball; b bw m: m w:l: am: la blly 5,::b mlr::; bll:b lb advauttbefare Mambnbmllabbv v:l b::m: af lb: lruk mm Wllb lbll :lllabm whal has babb:b:d lb lb: ball ll lbll :uslamfl b: always ball lhal b: wabll la bly Wllb lbabl llbl: lab ll la pm: lb: baw ml:bal lb:y mm ll ll \usl ab: la lvm blablbl la mm: lb: baw ml:bal and lb; :uslamfl babblally glm ll ably abbll nb: la l:b am llbl: lb am la mm: and allbabb sa mhav: bb:bmll lhal l:l ll ll warlh m:bbl; lb: baw ml:bal lb advaus bb lbll mlabw beau: w: l;:bllb:ly upedkd lhal lb: mllbm Wlll b: lb:: and al lhal babllmlabpblbl lb ll bl: wb:b lb: bubb:l was «lb ab lawman mm W: my: am: la bly lb: mfl's al a gm W: s: m: w: gal ab abbbbllblly w: buughl lb: mll: and gm lblbg lab ll ll w: mabl: la ullllb: mll: ll lb: :bd af lb: day lb:bal: ml:bal lab ball af

Wmlmm b w

a: am: la :lllllb: lbalnlb: bb alb:bmlabl:bl as w:H sa lb:: ll bab:gallb:lblba:llabll babmlllllllalwallabmllblllballl bulaperalmuaHy w: hav: la bly “bl: mlr:: lb advauc lb mm la:b::lll: ardus

Okay Wank

lbdgd Thank yell slb w: hav: b::l qmllab lbbbl lb: llb: af Rahau all,» lbbbl Ed:lw:lbl

Plus

5: ahud slb Wank: lab lb: appabllblll slbab:: agalb :abllbg batk ab lbll \asl mm”; albw whal w: “babblm W bullbm mm ll lhal w: hav: a ”lly llbbbg bubbm mm lb l:bbll almlabm :lallablblb glb:b lbll :uilamfl had a layubald :lallabbblb bul sllH w:lmllb::lblabl:b salbmmlwaqmllablbmlballlbubblbbmblam ll:babglbg wb:: W :lllablm m l; lhal w: a: mblbg blgb:b bubglb lhau lb:bl pmbab‘y and lhal Paga 24 um mu. sr'ulmm.

Rohnn Eupm. mu. sr'ulmm. ca Pmdnm (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

y; why mgr: y; gamg Mgm mm; mm mgw yd: m “5 mm gm mm W mm W; [award mu y; unmberau: sgmdm wg a‘suuulmus‘y mulmuaus‘y mavmg mm mg \arg: muufadmtr la smH ,gmgrmlmgr; a; abmgn mudfi :haugV Ann/my rm bulh ywugmm mgmwgr y; ygs mgg y; a mmgg m M bums: mudfi a‘sabenus: wg mm mm mslud Emmy; "My my M meg ar mm suppmgs wg wmgd m 5H mm mm mm“ mm mg shtkmus gr mg humus: y; mmgr yr u H am“ W“ was :spx‘aHy mgy Wm mgmmg mm H mug mgy Wm agaud anhly pmdm and beans: mg mm H “mm bemg mm a a mm h‘ghu pngg mgy are mums m pay mg muufadmera h‘ghu mm Earhu mg mpukus mu wg “g m “my m mgy “g m ksp mg mmgr mm m by “My "mum; wgdg m mm m bggygny dgpgudgum gpagkgrs any \augu mm m why wg are gamganu mg smH patk bums: wg mu m gmg mmglmg lam m ,m an mm mm, Wk m gtl mg smH pagk gmmgr; A: m as mm; mm parlmdar mmgr y; mggmgd whgmgr amgr pecp‘: are npab\:afdamg mgmmg \mg m; auylhmg upmmb‘: m y; M New lahappeu u y; vtry mmgmy I m mgumgd my; urhgr mg mm a; mg pecp‘: m mg Wm mgy are mum"; am mgw muufulurmg npabmug; gummg my mg Mgudmg and pukmgupabmhlm and mgy are aperalmgm mm pm; a; mg mm m a mum mg m lh‘sguy wgm mg amgr way mundaud wgag mu musutu m mm beau: wg hayga w gummyp mm mggmmgr wg are mu m mm mm mg :uslam:r and wg are mu gyms mu yr y“ hav: any mp gap aqumuls wg are mu mng mmm yw hav: yam m muufulurmg mu wg an “my m mauufadmer: gygu m dzl: beans: my; mgmg ggmm Wm mu mgy mm muufadm: a mgmgud w W gummy y; mu adw: and mg mm mmgm mu wg gal mm mm :uslam:r y; mg was vtry surpmad m my mu mg ,mgg; mu wg are un’mug y; \awu lhau u; m a; munfadurmg mu y; my wg agam up‘am m m saymg mu rm gpagkgrs wg Wk an very by MW and m“; a; ngmmygs afka‘: wg an be mareaggrusw: m M prmug lhau whamgm agmgyg And mmg m ugw gmmgr; wmm ya“ hay: mg: mg gr mgm art mm mm gums

RkHtraMy la whamh

was Supp‘ymg7 Vg; mggrmgmgmgy ma m buy rmmmm m fad Marmgx was mgy buy mm w mg amgr “mg; as wgu

Wg mug

m sggug m; bmmgn bxausgurhu w:d‘d m mm m 5: mg m; busmtss beau: u mu bg mmpelmg m m M m :uslumu w my mg mgg y; "a mm m m m m 5: mg lhkbusmus wg dx‘ded mu wg mu appmgh mggmmgr; and puzh my ma mg wg Wu: inpp‘ymg mgbasg 9mm wg Paga 25 um Rohnn Eupm. mu.

Sr'uhnm.

Rohnn Eupm. mu.

Sr'uhnm. v mum: mm“.

Rohnn Eupm. mu.

Sr'uhnm.

Rohnn Eupm. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

mm am: la usfly math aha “my lh: 9mm aha w: wm am: la 5w: «gm phahg la lh: brand my «5 MM whmh y; why w: wm abb la mmn lhtm m 5y mg hum yh mm afwr “my (ham m dwgbmm wuh lhu mafia mu“ m in mm: b a mk la mmy audh‘ghtr ymhlahu y; hm m

Nal a N beams

m away: brcughl ah a mo ham wuh aH “1:5: (my: ahy hbw mum tspmey lh: smH patk wkhavka vtry 5m bahty whbh lhby m gyhhg lh: ardgr lhby hm la pay mow. pukmg mm:

H lhby

aua‘ lhw ardgr beans: lhby m premrmg lh: pukmg "mum hhby Wax lhb as a awash yr lhby nxul: lh: ardgr berm: dhspakh mow. pmpaymtul has lube Wu: lhb has ban apbhty thl rm lh: Meghan a; lhttampauy tspx‘aHy hbw mm“ mm: b ha thah abuul gvmgtmdu lhal b mar lhkufly mm why hH dzl: m hm hmhhad la mu ahy baddkbls h lhmmpahy lhal hasbsu a usp thl rm lhbbbgyhhyhg mums aha agam yh lhtnmtul qwbh mbm nyw dmdkaqquy W mugh‘y moon mm aflala‘ mm mm” mugh‘y 7500 mm per qwbuhd ‘Hhu qwbh m hm mh m: 1500 la moo mm yam: hm H mm m m la‘kmgabuul mugh‘y 25w. mugh‘y drag yh yam: yh lh‘s qwbh mm W mm a; yw 5m lhal aha am by mm low.

M mm lhal mnhbh pm bd lhtgrcwlh a; low. hm lhal b hm 5mg mnxled h a muwhdzled rum“: in lhal mm am am am ahhy by m.

WM: lh‘s mlh mum Wu: shan‘d hm ban am by mm 35w.

5: whm b lh: dmhhm lhmv

dtgrcwlh a; w: Wham lh: 2000 mm hm afa (“mm b hm happeutd au‘y yh lh‘s qurl:rpar|\y u y; mas! la lhtpmvmusqmrkraud lh‘s qwbm mu lhav:a\mdy:,\p\amed lh‘itarhtr farautuflh: pmywsqubshah; Okay w mm ha‘fmmpm: dggmwlh b au‘y mumbukd aha lh‘s was m buymg any new aha: mam“ m7 N: h: was buymg au‘y spray dfltd u: was au‘y yh lh: sphaydhw Paga 25 um Ehnlln Sr'lflmm.

Rohnn Eupm.

Ehnlln Sr'lflmm.

Rohnn Eupm.

Ehnlln Sr'lflmm.

Rohnn Eupm.

Ehnlln Sr'lflmm. ca Pmdnm (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

v:; 3a m: y: a: :Wllmbbg W rm: dry blabl lhls y:ab b y: have lhls ya! my mg:l laa‘satampemal: far lhls moo labbu lm lb yallbl: lb spray dry and lbmblwl 5000 labbu yybl:b l; mm; lb lmmyy n w: hay: my mm ufa‘musl 7000 law la \auk al lb :mbl y:ab w: my bulb: \wkmg frantdry bubblbgalalml 100% bull lhmk lhallh: yallblwb yybl:b yy:bay: la ml lhli ywlwmly hlgh “an ymg lhal lb:: ab b: m: pusslblhly lb l:ml; bl y: a: bal abl: la bub W blabl al a hlghtr “llballab whl:hnuafl::laurav:raH uperalmgkveragtaud MW

Na ulnaHy lhls moo labm yybal

y:y lm lhal l; lb:: w: hay: «may bb:b lhal hll lb \asl nbabml y:ay 5mm”: “balm yin-”ml"; a; m: bluym nylbg lhal lb:: M“ b: a 15% la m. grcwlh g:lllbgabalb:y b:y mm: yybl:b b hlgh yallbl: law my,” b bal a y:yy my mmlmb ll lam years alll:y:labbl:bl and all lhal yybl:b le Bk: m: llbl: 5: y: a: bal lulabbg lb aby mm mm: lb yam beau; af lhal lb sbll: aflasmg lhal mm: y: a: gym; lhal y: W“ mbllbmm grcwlh Val: BI 15% la m. lhls ywabdbbbmlly lb: ml yearauwards a; w:H yybl:b l; why y: a: bulldlbg lhal mlllml “bull: aha my And 15% la m. y: a: ably mkmg abblll mlllbl: gmwlh bal aby lmbul afprltmg m“;:g::b mlr:: bbm ab: prtlly yalallla v:; y“: la‘kmgabwl mlably yalllbl:gmylb yy:m mkmgabuul laphu: bullumhu: and yalllbl: grcwlh BI 15% la W.

Th: l; lb: ably ya! lhal mun mml:blly Say lhls beans: lb: gm mlr:: bbm ab: al ab aH llbl: law and y: a: frankly bal :lb::llbg ll la y \awu lhau lhls Ml a \asl qmlm ab lhls s: y: a: my lb a 5mg ash flaw g:b:mllab and ab: bbbglbg mab:y rm my mbmdmy in al a pml l:y:l ab ch whal mla b: lb: [Km hue glbbg lb: albd:bd mum; lb: albdml payaul fur lb: sbmbaldm w aha :bayml ald:blv ll b atlllAHy w: a: lbmbbg lb: dlyldml payaul aha bul beau; lb:: b m: d:bl ab lb: haksbenus: af lb: b:y blablabd beans: yy:a: mg lb lab mlllml :lbabm as w:ll lhls mlllml mm: M“ b: ullhged lab lhal W:are am a m blllbab :lbamb lab will pkks y: a: lbmmg lb: Walla lb:: y“: dubs: EX blllbambamb lb Paga 27 um Rohnn Eupm. mu. sr'ulmm.

Rohnn Eupm. mu. sr'ulmm.

Rohnn Eupm. mu.

5mm.

Rohnn Eupm.

Mmeruor. mu. sr'ulmm.

Mmeruor. ca Product: (lmiia) Limited

May 14, 2019 · \‘\NIRMAL BANG

Vmuam mgsg m lhmgs art mm; m m; nmgm year HRH» mg mm» mm; w‘Hbeuhmad H mm“; m; m "mm yumamla‘kmgabuulww‘dbe m Swuar‘audpazkzgmgumv Nu m "um“ mu bg mm mm; mm: mg 522 m SuHurpela KuvakuH‘ an, m; ‘5 mggmgum mm yware “mum“: Vg; m; mu bg pukmgagg‘amualmu andpagkmg mgrg mu buddmaua‘ agg‘amtralmu (.pmmmm mmmnmg m mdgrmd nghl‘y m; was m Wm urhgr u mm, 53 WNW mgygmgum m Vmuam wmm yMm bggu mkmgabmm Nu m; was mu m an M u mg ml :aup‘: afmukrtuc gm; m wg hav: gxgmy mgumgd lhalbulh art gamg lube mgrg n muggu "mg lhau m maulhi um wgmg mrmgd m;

Okay Wank

5m mm m w mm m mg mwgr mm m vtry math 5w mug; and gtufltmku d“: m hmttauslraml mu was mg m quulmu I mm m \mg m ma mg mrmgg mt! la mg maggmgm my :‘asmg mmguh 5mm m mm m agam krargamuug m; gm

I lhmk wg hav

auswwtd aH mg q“gmm H Wang gm has any q“gng; mgy art wflmm: la (mud W amgg and wg an gm, whalkvkr unamwwed q“um; art mgrg mm m mm m vtry mm m mug; and gtthmku an beha‘fquvm‘ ms Equmg; mu mgMg; m; murmgg :1“ mm m m yammg mm m m my m dmmggl W \mg; Paga 28 um