Earlier the Company carrying on the business as partnership concern under the name and style of SHREE CONSTRUCTION COMPANY. Activities to carry on business of builders, contactors, road work, dam work, dam gate work, all types of bridges, designers, architects, decorators, implementing and execute infrastructure, projects, excavation work of mining, earth work, constructor of all type of building and structures including houses, flats, apartment’s, offices, godowns, ware house, shops, factories, sheds, hospital, hotels, holiday resorts, shopping cum residential complex and to develop, erect, install, alter, improve, add, establish, renovate, reconditions, protect, participate, enlarge, repair, demolish, remove, replace, maintain, manage, buy, sell, lease, let on hire, handle and control, all such building, structures, plants, or land buildings and properties and to purchase, sell or deal in all types of immovable properties for development, investment or for resale and to carry on business

of and act as promoters organizers and developers of lands, estates, properties, housing schemes, township farms, farm houses and to deal with and improve such properties either as owner or as agents. At 304-B, Shapath – II, Opp. Rajpath Club, Sarkhej – Gandhinagar Highway, Ahmedabad-54.

AND WHEREAS for the benefit of partnership firm and for the intention to convert it into the Joint Stock Company, parties of First Part and Second Part have agreed to admit Parties of Third Part to Parties of Eighth Part as partners to the Partnership Firm w.e.f. 1st January, 2006.

AND WHEREAS all parties mentioned hereinabove have unanimously decided to change the name of partnership firm from SHREE CONSTRUCTION COMPANY to SHREE INFRACON w.e.f. 01/01/2006

AND WHEREAS all the parties mentioned hereinabove, being the members of the said co-partnership business, for the sake of smooth working, better and effective management and for the purpose of furtherance and development of its business, have unanimously decided to form into an incorporated company limited by shares to be registered in accordance with the provisions of Part IX of the Companies Act, 1956 (hereinafter referred to as the ‘said Act’) and have agreed that all the members of the said co-partnership or joint stock company (meaning assigned to it as defined under sections 566 of the said act) will abide by and be subject to the declaration and regulations contained in this agreement.