Resolution (Joint Mortgage)

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED BY THE BOARD OF DIRECTORS OF ABC CEMENTS CORP AT ITS REGISTERED OFFICE ON Oct 17, 2026.

The Chairman, Nia, informed the Board that the title deeds were deposited on the 17 day of October, 2026 with Overseas Bank to secure Rs 150 Lacs.

He further informed that the company has been sanctioned a new term loan for Rs 100 Lacs by SIPCOM vide their letter No. 123 dated 10/17/2026.

RESOLVED THAT:

1. The company do create a Joint Mortgage in favor of Overseas Bank and SIPCOM by deposit of the said title deeds with Overseas Bank acting for itself and as agent of SIPCOM.

2. Shri Nia, Shri Joy and Shri Nik, Directors of the company, be and are hereby authorized to deliver and deposit the deeds and execute necessary inter-se agreements.