Board Resolution for Approval of further Issue of Equity Shares on Rights Basis and approval letter of offer

“RESOLVED THAT pursuant to the provisions of Section 62(1)(a) and any other applicable provisions of Companies Act, 2013 read with Rules thereunder (including any statutory modifications or re-enactment thereof, for the time being in force), the consent of the Board of Directors of the Company be and is hereby accorded to issue [●][No. of Equity Shares] (in words) Equity Shares at a face value of  Rs. [●][Face value per share]  at a premium of [●][ Premium per share] amounting to [●][Total amount of the Equity Shares issued](in words)  to the existing Shareholders of the Company in the proportion of the existing shareholding as on the date of Board Meeting/date of the offer;

RESOLVED FURTHER THAT the draft letter of offer, renunciation and the application form of the Company placed before the Board and initialed by Chairman for the purpose of identification, be and is hereby approved and Mr./ Ms. [●] [Name and Designation of the authorized person] of the Company is authorized to issue the notice of such offer to the holders of shares as on the aforesaid date and to do all such acts, deeds and things as may be necessary or incidental thereto to give effect to the above said resolution.

Section 62 of Companies Act, 2013

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