RESOLVED that subject to the approval of the Central Government under section 372 of the
Companies Act, 1956 sanction be and the same is hereby accorded to the Board of Directors of
the company (the Board) for investing a sum not exceeding Rs. …………….for purchasing from
time to time upto…………equity shares of Rs. 10 each fully paid up …………in…………for cash
and at such prices and upon such terms and conditions as the Board may think fit notwithstanding
that the cost of such investment when made will be in excess of 25% of the subscribed equity
share capital or the aggregate of paid-up equity and preference share capital, whichever is less,
of ……..