Board Resolution
Corporate authorization for consortium lending and document execution.
Resolution Wizard
Resolution Preview
Live draft based on corporate details entered above.
CERTIFIED TRUE COPY OF THE RESOLUTION
Passed by the Board of Directors of ABC Cements Corp
The Chairman informed the Board that the Company has approached various Financial Institutions and Banks for financial assistance in respect of its Project to manufacture cement at ABC Cements Corp District.
The Chairman further informed the Board that the following institutions have sanctioned their respective loans:
- A. Delphi Bank : (hereinafter referred to as "SBI");
- B. Syndicate Bank : (hereinafter referred to as "SB");
- C. Canara Bank : (hereinafter referred to as "CB");
- D. Dolphin Bank : (hereinafter referred to as "IB");
- E. Overseas Bank : (hereinafter referred to as "IOB");
The specific loan details as per Sanction Letter No. 123 dated 20-Feb-2026 are:
| Lender & facility | Amount |
|---|---|
| (a) SBI a Rupee Term Loan of | Rs 100 lacs |
| (b) SB a Rupee Term Loan of | Rs 100 lacs |
| (c) CB a Rupee Term Loan of | Rs 100 lacs |
| (d) IB a Rupee Term Loan of | Rs 100 lacs |
| (e) IOB a Rupee Term Loan of | Rs 101 lacs |
"RESOLVED:"
(1) That the Company do execute jointly in favour of the Banks a Common Loan Agreement incorporating the terms and conditions issued by the lenders. Shri Roy, Shri Joy and Shri Ricky be and they are hereby authorised severally to accept any modifications.
(2) That the Company do execute in favour of the Banks a Joint Deed of Hypothecation, hypothecating all moveable assets pertaining to its Project situated at 445 Prince Pass, Richmond, Connecticut - 77029, United States.
(3) That the copies of the foregoing Resolutions certified to be true copies by the Chairman or any Director be furnished to each of the Banks.
For ABC Cements Corp
______________________
Chairman / Director
Dated: 20-Feb-2026
Corporate Compliance Tip
Board resolutions should be printed on the company's official letterhead. You can download the DOCX version to easily paste this onto your template.