.

Unsecured Loan to be taken by the Company from Mr. S, the  shareholder of the Company:

The Chairman informed the Board that for meeting the funds requirement of the Company it is proposed to avail interest free unsecured loan not exceeding Rs. ------------------------------------- in one or more tranches, from Mr. S, one of the shareholder of the Company. He further informed the Board that the said unsecured loan may either be paid back or may be converted into Equity Capital of the company on such terms and conditions as may be mutually agreed between the company and the lender.

The Board discussed the matter and passed the following resolution:

“RESOLVED THAT pursuant to the applicable provisions of the Companies Act, 2013, approval of the Board be and is hereby accorded for availing interest free unsecured Loan not exceeding Rs. ----------------------------- in one or more tranches, from Mr. S, shareholder of the Company on such terms and conditions as may be mutually agreed between both parties.

RESOLVED FURTHER THAT Mr. M and Mr. A, Directors of the Company, be and are hereby severally authorized to execute such documents as may be necessary, expedient and incidental thereto and to do all such other acts and deeds as may be required for availing such facility.”