CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF THE

BOARD OF DIRECTORS OF M/s HBL POWER SYSTEMS LIMITED, ON

……THRUSDAY…… THE ………. DAY OF ………………, 2019 AT 1:30PM AT THE
REGISTERED OFFICE OF THE COMPANY.

“RESOLVED THAT pursuant to the applicable provisions of Companies Act, 1956 consent of
the board of directors of the company be and is hereby accorded to SALE of an industrial Plot
bearing no. 425, having built-up area of 78520.15Sq.Ft., (apporx.) situated at Industrial Estate
known as Sector-8, IMT Manesar, Gurugram, Haryana on such terms and conditions as may be
consider appropriate and in the best interest of the Company.

RESOLVED FURTHER THAT Shri MSS Srinath – Director of the company, be and is hereby
authorized to Sign and Execute ‘SALE DEED’, and to appear before the office of Sub-Registrar,
Tehsil Manesar, District Gurugram, in order to enable the company to transfer the
title/ownership of the aforesaid Land and Building in favour of the intending purchaser(s).

RESOLVED FURTHER THAT Shri MSS Srinath – Director of the Company, be and is hereby
authorized to sign and execute, all other requisite documents i.e. application, affidavit, Indemnity
undertaking and deeds etc. as required by HSIIDC / Sub-Registrar / DHBVNL / MCG and other
concerning authorities and as may be deemed necessary to give effect of aforesaid transaction
of ‘SALE’ and Transfer of title/ownership of the aforesaid Land and Building in favour of the
intending purchaser(s)

RESOLVED FURTHER THAT the common seal of the company, wherever required, be affixed
herein for completion of aforesaid transaction.

Certified True Copy

for M/s HBL POWER SYSTEMS LIMITED

Director(s) Director(s)