BENEFIT FUND LIMITED CIN: U65991KL1995PLC008903 Regd.Office: NH-17, 1st Floor, Karthika Apartment, Engandiyoor P.O, , -680615. Corp.Office: No.335, Pravasi Syndicate Arcade, Chettuva Road, Chavakkad, Thrissur, Kerala-680506. www.pravasigroup.com Email: [email protected], [email protected]

NOTICE TO SHAREHOLDERS

Notice is hereby given that an Extra-Ordinary General Meeting of Malayalam Benefit Fund Limited will be held on Saturday, 20th day of February 2021 at 2.00 PM at Service Co-operative Bank Hall, NH-17, Triprayar (Opposite to Triprayar Bus Stand), Nattika Post, Thrissur, Kerala- 680566 to transact following businesses:

1: APPROVAL AND RATIFICATION OF PRIVATE PLACEMENT FOR ISSUE OF SECURED NON CONVERTIBLE DEBENTURES FOR THE FORTH COMING YEAR To pass a Special Resolution approving and ratifying the issue of remaining tranche of debentures in the 25 Crore debentures, which was earlier passed on 22nd April 2017 and which is likely to be expired in March 2021, and to make the said resolution applicable for the next financial year 2021-22. “RESOLVED THAT pursuant to the provisions of Section 42, Section 71,and other applicable provisions of the Companies Act, 2013, read with Companies( Prospectus and Allotment of Securities)Rules,2014 and Companies(Share Capital and Debentures)Rules, 2014 including any statutory modifications, amendments or re-enactment thereof, and the relevant provisions of the Memorandum and Articles of Association of the Company, approval of the members be and is hereby accorded to offer for subscription/invite and issue secured and/or unsecured Non-Convertible Debentures and/or subordinated Debt Instruments and/or other securities for an aggregate value of the remaining 25,00,00,000(Rupees Twenty Five Crore only) in tranches on private placement basis in such form, manner, within such period, and upon such terms and conditions as the Board of Directors of the Company may in its absolute discretion deem fit and proper, and till to the end of the financial year 2021-2022” RESOLVED FURTHER THAT Mr. K.K.Ramakrishnana, Executive Director of the Company be and is hereby authorized to take such steps as may be necessary and to do all such acts, deeds and things as may be necessary, proper, or expedient to give effect to this resolution including to modify, accept and give effect to any modifications in the terms and conditions of the matter(s) as may be required by the statutory, regulatory and other appropriate authorities (including but not limited to Registrar of Companies, SEBI, RBI etc.) and such approvals and as may be agreed by the Board in its absolute discretion without being required to seek any further consent or approval of the members or otherwise with the intent that the members shall be deemed to have given their approval thereto expressly by authority of this resolution.” 2: TO AUTHORISE THE BOARD OF DIRECTORS TO TAKE ALL EXTRA-ORDINARY MEASURES TO FACE THE BUSINESS DISRUPTION FACED BY THE COMPANY DUE TO THE COVID-19 PANDEMIC To discuss and pass an ordinary resolution authorizing the Board of Directors to take all required measures to tackle and overcome the issues faced by the company under the extra-ordinary situation arisen out of the pandemic situation. “RESOLVED THAT pursuant to the provisions of Section 179 the Board of Directors of the Company may in its absolute discretion take all the suitable and other drastic measures that deem fit and proper to tackle and overcome the current issues faced by the company arisen out of the COVID19 pandemic.”

For and on behalf of the Board

Thrissur 25.01.2021 K K Ramakrishnan Chairman (DIN: 03116205)

Notes: 1. A member entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote instead of himself and the proxy need not be a member of the company. The proxy shall be valid only if the signed proxy form be received by the company, not less than 48 hours before the meeting. A proxy form (MGT-11) enclosed.

2. The explanatory statement pursuant to Section 102 of the Companies Act, 2013 in respect of the special business is annexed to this notice.

Important Communication to members The Ministry of Corporate Affairs has taken a “Green Initiative in the Corporate Governance” by allowing paperless compliances by the companies and has issued circulars stating that the service of notice / documents including Annual Report can be sent by e-mail to its members. To support this green initiative of the Government in full measure, members who have not registered their e-mail address, so far, are requested to register their e-mail address in company’s eMail Id: [email protected] .We are sure, that as a responsible citizen, you will whole-heartedly support this initiative and will co-operate with the Company in implementing the same

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EXPLANATORY STATEMENT (PURSUANT TO SECTION 102 OF THECOMPANIES ACT, 2013)

Item No.1 In terms of Section 42 and other applicable provisions of the Companies Act, 2013 as well as the relevant rules made there under including The Companies (Prospectus and Allotment of Securities) Rules, 2014 private placement of securities is permitted subject to prescribed disclosures and approval of members by Special Resolution. Such Special Resolution would remain valid only for a period of One Financial Year for securities issued during that year on Private Placement basis and hence it has to be ratified for every financial year. Since the company continues to mobilize funds for its ongoing operations by issue of secured non- convertible Debentures as well as other securities on Private Placement basis, approval of members is requested to ratify the Special Resolution for making offer(s) or invitation(s) for the issue of debentures/other securities up to 25,00,00,000(Rupees Twenty Five Crore only) in several tranches for the financial year 2021-22.

For and on behalf of the Board

K K Ramakrishnan Thrissur Director (DIN: 03116205) 25/01/2021

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FORM MGT-11 (PROXY FORM)

THE MALAYALAM BENEFIT FUND LIMITED CIN: U65991KL1995PLC008903 Regd.Office: NH-17, 1st Floor, Karthika Apartment, Engandiyoor P.O, Thrissur, Kerala-680615. Corp.Office: 335, Pravasi Syndicate Arcade, Chettuva Road, Chavakkad, Thrissur, Kerala-680506

Extra Ordinary General Meeting

Saturday, February 20, 2021 at 2.00 p.m.

I/We being the member(s), holding ………………………………………………… shares of the above named Company hereby appoint:

(1) Name : ……………………………………………………………………………………………………… Address ………………………………………………………………………………………………………… E-mail Id: ………………………………………………… signature…………………………………….., or failing him/her

(2) Name : ………………………………………………………………………………………………………… Address :………………………………………………………………………………………………………… E-mail Id: ………………………………………………… signature……………………………………..,

As my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the Extra Ordinary General Meeting of the Company, to be held on Saturday, February 20, 2021 at 2.00p.m. at Nattika Service Co-operative Bank Hall, NH-17, Triprayar (Opposite to Triprayar Bus Stand), Nattika Post, Thrissur, Kerala- 680566 and at any adjournment thereof in respect of such resolutions as are indicated below:

No Resolution For Against 1 To Approve the issue of Debentures by the Company 2 To Authorize Board to take extra measures to tackle current issues on account of pandemic COVID19

Signed this …………………day of ……………………………..…………2021 Affix Revenue Stamp not less Signature of Proxy holder(s)…………………………………………………… than Re.1. Signature of the Share Holder

Note : (1) this form of proxy in order to be effective should duly completed and deposited at the Registered Office of the Company, not less than 48 hours before commencement of the Meeting.

(2) For Resolutions, Explanatory Statements and Notes please refer to the Notice of Extra Ordinary General Meeting

(3) It is optional to put ‘X’ in the appropriate column against the Resolutions indicated in the Box. If you leave the ‘For’ or ‘Against’ column blank against any or all Resolutions, your proxy will be entitled to vote in the manner as he/she thinks appropriate.

(4) Please complete all details including details of member(s) in above box before submission

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