To approve the
increase in investment limit by the FIls in the Company upto the sectoral cap
"RESOLVED THAT pursuant to the applicable
provisions of the Foreign Exchange Management Act, 1999 ("FEMA"),
Consolidated Foreign Direct investment policy,
201~ (FDl Policy 2014) or any
amendment thereof, and all other applicable laws, rules, regulations, guidelines, such approvals, consents and permissions of the Government of India, Reserve Bank
of India and any other appropriate authorities, institutions or bodies
as may be necessary and subject to such conditions
as may be prescribed by any
of the
concerned authorities while
granting such
approvals, permissions and
sanctions, the consent of the Company
be and
is hereby accorded for
investment in the equity shares of the Company by Foreign
Institutional Investors (FIls) including
their
sub-
accounts registered with the Securities and Exchange Board of India up to the sectoral cap as
applicable or up to such other limit as may be permitted by the rules
and regulations of FEMA, FDI Policy.
RESOLVED FURTHER THAT the Board of Directors
of the Company be and is hereby
authorized 10 obtain requisite, necessary approvals, permissions from the concerned
authorities in this regard and to do as such acts, deeds, things as may be required
to give effect to the this resolution."
On being put to vote bye-voting & ballots, the above Resolution was adopted
by requisite majority by the shareholders.
