CERTIFIED TRUE COPY OF THE RESOLUTIONS PASSED IN THE MEETING OF

BOARD OF DIRECTORS HELD ON __________________ AT 11:00 AM AT THE

REGISTERED OFFICE OF THE COMPANY AT _____________________________

TO APPROVE THE RE-CLASSIFICATION OF AUTHORISED PREFERENCE SHARES

INTO AUTHORISED EQUITY SHARES

“RESOLVED THAT pursuant to the provisions of Section 16, 94 of the Companies Act,
1956 and other applicable provisions, if any, of the Companies Act, 1956 (including any
statutory modification or re-enactment thereof for the time being in force) the Authorized
Share Capital of the Company comprising of ______ (Ninety Four Thousand) Equity
Shares of Rs. 10/- each and ______ (Seventy Thousand and Six Hundred ) Preference
Shares of Rs. 100/- each aggregating to Rs.______/- (Rupees Eighty Lakh Only) be
and is hereby reclassified in to _______ (Eight Lakh Only) Equity Shares of Rs.10/-
each at a premium of Rs. ___each (Rupees Ninety Only) aggregating to
Rs._________/- (Rupees Eighty Lakh Only).

RESOLVED FURTHER THAT all the directors of the Company jointly and severally be
and is hereby authorized to convene an Extra-Ordinary General Meeting of the
Shareholders and to do all necessary acts, things and deeds as it deems necessary to
give effect to the aforesaid resolution including Filing of requisite E-forms with the
Ministry of Corporate Affairs and also to do all such acts and deeds which are
necessary or incidental for the purpose.”