Taking note of resolution passed by circulation

“RESOLVED THAT pursuant to the provisions of Section 175 and other applicable provisions, if any, of the Companies Act, 2013 read with Secretarial Standard-1 on Meetings of the Board of Directors, the Resolution passed by circulation on [● Insert Date of Circulation Resolution] as circulated to all the Directors of the Company and approved by the requisite majority of Directors, be and is hereby noted by the Board.

RESOLVED FURTHER THAT the said circular resolution be and is hereby ordered to be entered in the Minutes Book of the Board Meetings maintained under Section 118 of the Companies Act, 2013.”