Sec s. 55 to 60 - Issue of Equity Shares to public for first time - Board Resolution;Sec s. 55 to 60 - Issue of Equity Shares to public for first time - Board Resolution;Sec s. 55 to 60 - Issue of Equity Shares to public for first time - Board Resolution;

Sec s. 55 to 60 - Issue of Equity Shares to public for first time - Board Resolution;

"RESOLVED that pursuant to the applicable provisions of the Companies Act, 1956, and to such other permissions, approvals and sanctions as may be required and necessary and subject to such conditions and modifications as may be imposed by the Securities and Exchange Board of India (SEBI). The approval of the Board be and is hereby accorded to the Company to the issue of………….. Equity shares of Rs. 100/- each at par at an aggregate value of Rs……….. to the public by prospectus for meeting a portion of the capital cost of project set up by the company.

RESOLVED further that………… and………who have conveyed their willingness to act as Lead Managers/Merchant Banks to the issue be and are hereby appointed as Lead Managers/Merchant Bankers to the proposed public issue.

RESOLVED further that the General Manager of the Company be and is hereby authorized to settle the terms and conditions of the said appointment of Lead Managers/Merchant Bankers and enter into a Memorandum of Understanding (MOU) with them and submit the same for approval of the Board.

RESOLVED further that the General Manager of the Company be and is hereby authorized to finalise the draft of the prospectus in consultation with the Lead Managers and to settle other matters concerning the proposed issue to enable Lead Managers to submit draft of the prospectus with all documents necessary to SEBI for vetting.

RESOLVED further that the General Manger of the Company be and is hereby authorized to issue advertisements in such newspapers as he may deem fit and proper about the future prospects of the company and the proposed issue conforming to the guidelines issued by SEBI."