RESOLVED that pursuant to section 372 and other applicable provisions, if any, of the
Companies Act, 1956 and subject to the approval, wherever necessary of the Central
Government in addition to the investments in the shares of any body or bodies corporate which
the Board of Directors of the company is entitled to make up to the limits prescribed under section
372 of the Companies Act, 1956, the Board of Directors of the company be and is hereby
authorised to further invest, in excess of the said limits, in the shares of any body or bodies
corporate, as may be decided by the Board of Directors; provided that no investment shall be
made pursuant to the authority conferred hereby if the aggregate of the proposed investment and
the investments then existing will exceed by Rs . ………… crores or more, either of the limits
prescribed by the provisos to section 372(2).
FURTHER RESOLVED that the Board of Directors be and is hereby authorised to do all such
acts, deeds, matters and things as in its absolute discretion it may consider .necessary, expedient
or desirable and to settle any question or doubt that may arise in relation thereto in order to give
effect to this resolution or otherwise considered by the directors to be in the best interests of the
company.