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Agreement with Starbucks Coffee International, Inc., USA (Starbucks) and Tata Starbucks Limited

"The Company has entered into an Agreement with Starbucks Coffee International, Inc., USA (Starbucks) and Tata Starbucks Limited, a 50:50 Joint Venture between Tata Global Beverages Limited and Starbucks, for roasting Coffee produced in the Company's estates using Starbucks know-how and technology and packing, sale and distribution thereof to Starbucks cafes to be set up by Tata Starbucks Limited in India/ Starbucks business operation overseas".