Authorisation to Board to make donation - SR

Special Resolution authorising Board of Directors to make donation to bona fide charitable and other funds pursuant to Section 181 of Companies Act, 2013

“RESOLVED THAT pursuant to the provisions of Section 181 and other applicable provisions, if any, of the Companies Act, 2013 (including any statutory modifications or reenactment thereof, for the time being in force) (“Act”) the Board of Directors of the Company be and is hereby authorized to contribute, in any financial year, to bona fide charitable and other funds, any amounts the aggregate of which, shall not exceed 5 Crore or five per cent of average net profits of the Company (calculated as per the provisions of the Act) for the three immediately preceding financial years.”

“RESOLVED FURTHER THAT the Board of Directors be and are further authorised to delegate its power to make donation to any committee of directors or any of its Directors as it deem fit in the best interest of the Company.”