CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE

MEETING OF THE BOARD OF DIRECTORS OF GULJAG INDUSTRIES

LIMITED HELD AT ADMINISTRATIVE OFFICE ON 11TH JULY, 2019

"RESOLVED THAT the Company do accept and avail the renewed Cash Credit
Facility of Rs. 28 Crore sanctioned to the Company by IDBI Bank Limited, Mid
Corporate Branch, Jaipur vide their Sanction Letter No. IDBI/141/MCG/2019-20
dated 11th June, 2019.

RESOLVED FURTHER THAT Mr. Dhiren Dhoot or Mr. Nilesh Dhoot, Directors
of the Company are hereby authorised severally to convey their acceptance to the
Bank's Sanction Letter No. IDBI/141/MCG/2019-20 dated 11 th June, 2019 and to
execute the documents, deeds, Undertakings, Declarations and Writings that may be
required for availing said facility from the Bank from time to time.”

For Guljag Industries Limited

Nilesh Dhoot
Director
DIN: 01684427