Draft a specimen circular resolution for approval of the purchase of raw material agreement with the Suppliers.

Circular Resolution No. 1/2026-27: (Name of company) Name of Director Dear Sir, Sub: Approval for entering into purchase agreement for raw materials The following Resolution is intended to be passed by circulation as per the provisions of Section 175 of the Companies Act, 2013. A note explaining the urgency and necessity for passing the said Resolution by circulation and the supporting papers (if any) are enclosed. "RESOLVED THAT pursuant to Section 175 of the Companies Act, 2013, approval of the Board be and is hereby accorded for entering into a purchase agreement for raw materials with M/s ____ on the terms placed before the Directors. RESOLVED FURTHER THAT interested Directors, having disclosed their interest, shall not participate in circulation and voting. RESOLVED FURTHER THAT the Managing Director be and is hereby authorised to execute the agreement and do all acts necessary to give effect to this resolution." None of the Directors are deemed to be concerned or interested in the Resolution. *Assent / Dissent / Require Meeting Signature: Name: Date: *(Please strike off whichever is not applicable) Kindly indicate your response to the aforesaid Resolution, by appending your signature and the date of signing in the space provided beneath the Resolution and return one copy to the undersigned or by e-mail at the address mentioned below so as to reach us on or before............ Yours faithfully, For ............ (Name of Company). Company Secretary e-mail id: Address: Contact No: