BOARD RESOLUTION

EXTRACT OF THE RESOLUTION PASSED AT THE MEETING OF BOARD OF DIRECTORS OF

M/s. Pulluri Mining And Logistics Private Limited(‘THE COMPANY’) IN THEIR MEETING HELD
ON 20.10.2022, at 3-6-547/1, 4th Floor, Himayath Nagar, Hyderabad, Telangana, 500029.

The Chairman reported that arrangements were proposed with HDFC Bank Ltd., whereby the
Company would be granted a loan facility of Rs. 80,00,000/- (Rupees: Eighty Lakhs Only) for the
purpose of meeting the costs of acquiring of JRD Crawler Drill Model CD-450 on the terms set out in the
printed loan documents of the Bank for such loan which was tabled at the meeting for perusal of the
directors.

It was one of the terms of the arrangements that the Company would charge by way of
Hypothecation of its above vehicle/vehicles now owned/to be acquired by availing of such loan from
the Bank as set out in the Composite Agreement for Construction Equipment Loan and Guarantee
and the Power of Attorney both included in the above loan documents which was tabled in the
meeting.

After due consideration by the Board,

IT WAS RESOLVED as follows:
That this loan of Rs. 80,00,000/- (Rupees: Eighty Lakhs Only), to be repayable in equated monthly
installments not exceeding 48 months be arranged by the Company with the Bank on the terms set
out in the above loan documents now produced to the meeting and duly approved.
1) That the Company do charge by way of Hypothecation in favour of the Bank as continuing
security of its vehicle/vehicles mentioned above to secure repayment of the monies, obligations
and liabilities covenanted to be paid in the composite Agreement for Construction Equipment
Loan and Guarantee included in the above loan documents which was produced at the
meeting.
2) That the said Agreement and the Power of Attorney (included in the above loan documents) in
favour of the Bank and produced at the meeting be and the same are hereby approved.
3) Mr. Pulluri Kaushik Rao , Director of the Company, be and they are authorized jointly and/or
severally to sign and execute, (a) Composite Agreement for Construction Equipment Loan
and Guarantee, (b) Power of Attorney, (c) Promissory Note and, (d) Any other document that
may be required by the Bank on behalf of the Company and deliver the same to the Bank and
to arrange for the filing with the Registrar of Companies (if required in law) of all necessary
forms consequent upon the business deal with at this meeting.
 4) The Company undertakes to submit copy of Post Delivery Documents (Invoice, RC Book &
Insurance) to the Bank within 30 days of disbursement of the loan.
5) Resolved further that the Company do hereby authorize the Bank for engaging the services of
its empaneled vendor-professional for the purpose of certification and filing of e-Form
CHG-1/CHG-4 (as the case may be) for and on behalf of the Company and attend to all such
matters incidental thereto.
6) RESOLVED FURTHER THAT a copy of the above resolutions be furnished to the Bank
as a Certified True Copy by the Chairman of the meeting, Mr. Pulluri Kaushik Rao
and Mrs. Pulluri Manasa Rao and Mr. Preetham Katikaneni the Company Directors
and that the Bank is authorized to act and rely upon these resolutions until the Bank
actually receives written notice from the Company of their revocation.

IT IS HEREBY CERTIFIED that the above is a true extract from the Minutes of the Meeting of the
Board of Directors of the Company and that the resolution set out above were duly passed in
accordance with and comply with the Memorandum and Articles of Association and the Provisions of
the appropriate Statutes, Rules and Regulations relating to the management and affairs of the
Company and that neither such resolutions nor drawing under above facility will infringe any
restrictions on borrowing, changing or otherwise affecting the Company or the Board.
For M/s. Pulluri Mining And Logistics Private Limited

Managing Director
I/we confirm and certify that the foregoing resolution has been duly entered at Sl. No. 001 in the Minutes Book of the Company in
accordance with the provisions of section 193 of the Companies Act, 1956 or Section 118 of the Companies Act, 2013.

For M/s. Pulluri Mining And Logistics Private Limited

For M/s. Pulluri Mining And Logistics Private Limited

Place: Hyderabad

Date: 31/10/2022.