Extract of board meeting of M/s Panchwati Promoters Pvt.

Ltd held on 1st September

2010 Wednesday at the registered office at 401 “A”, Panchwati Plaza, Kutchery Road,
Ranchi at 11.00 A.M.

This is Resolved in the Board Meeting to open a Current Account in the name of
Panchwati Builders a unit of Panchwati Promoters Pvt. Ltd. with State Bank of India,
Commercial Branch, Doranda, Ranchi and any Director of the Company namely Mr.
Gobind Ram Sarawgi, Mr. Alok Kumar Sarawgi and Mr. Ravi Kumar Sarawgi be
authorised to operate the said Current Account.

Date : 01/09/2010
Place : Ranchi

Signature of Mr. Gobind Ram Sarawgi

Signature of Mr. Alok Kumar Sarawgi

Signature of Mr. Ravi Kumar Sarawgi

To, Date: 01/11/2010
The Chief Branch Manager
State Bank of India
Commercial Branch,
Doranda
Ranchi

Sub: Current Account operation of Panchwati Promoters Pvt. Ltd.

Sir,
This is in order to inform you that the Current Account in the name of Panchwati
Promoters Pvt. Ltd. will be operated on either or survivor basis by the Directors of the
Company Mr. Gobind Ram Sarawgi, Mr. Alok Kumar Sarawgi and Mr. Ravi Kumar
Sarawgi. The specimen signatures of all the above mentioned Directors are put below.
This is for taking your kind action please.
Thanking You

Yours Faithfully

Signature of Mr. Gobind Ram Sarawgi :

Signature of Mr. Alok Kumar Sarawgi :

Signature of Mr. Ravi Kumar Sarawgi :

To, Date: 01/11/2010
The Chief Branch Manager
State Bank of India
Commercial Branch,
Doranda
Ranchi

Sub: Car Loan

Sir,
We would request you to please accord sanction for 2 (Two) Nos. SME Car
Loans in the name of M/s Panchwati Builders from your Bank.

Thanking You

Yours Faithfully
To, Date: 02/11/2010
The Chief Branch Manager
State Bank of India
Commercial Branch,
Doranda
Ranchi

Sir,
We have received a Demand Draft No …………………….. dt. 02/11/10 of SBI
Commercial Branch for Rs. 4,00,000/- (Rs. Four Lacs) only payable at Bhubaneswar
against SME Car Loan of Nissan Micra XV.

Thanking You

Yours Faithfully