LAW RELATED TO MAKING LOANS TO DIRECTORS IS MENTIONED U/S 185 OF COMPANIES ACT 2013.

BOARD RESOLUTION FOR MAKING LOANS TO DIRECTORS

RESOLVED THAT pursuant to section 185 and all other applicable provisions of the Companies Act, 2013 and Rules made there under as may be amended, from time to time, and subject to the consent of the members of the company, consent of the Board of Directors be and is hereby accorded to a Scheme of loan for its whole-time director as set out in the explanatory statement annexed to the notice convening this Annual General Meeting.

RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board be and is hereby authorized to ratify any loans given earlier and to finalize, sanction and disburse the loans to whole-time director, and also to delegate all or any of the above powers to any one Director of the Company and generally to do all acts, deeds and things that may be necessary, proper, expedient or incidental for the purpose of giving effect to the aforesaid Resolution.