Varahi Granite Manufacturing Limited has decided to appoint Rahul as its Managing Director for a period of 5 years with effect from 1st May, 2024. Rahul is an MBA graduate from IIM Mumbai having a Valid DIN and fulfils a

Draft Board Resolution for appointment of Managing Director: "RESOLVED THAT pursuant to Section 196 read with read with Schedule V and other applicable provisions of Companies Act, 2013, consent of Board of Directors of the Company be and is hereby accorded to the appoint Mr. Rahul, a MBA graduate from IIM Mumbai having valid DIN as the Managing Director of the company for a period of 5 years effective from 1st May, 2024 subject to approval by a resolution of shareholders in a general meeting. RESOLVED FURTHER THAT Mr. Rahul shall be paid remuneration as follows: Salary of Rupees 2 Lakh per month. Commission, as may be decided by the Board of Directors of the company from time to time. Perquisites: Free Housing Accommodation facility, Medical reimbursement up to 15,000 per month, Personal Accident Insurance of 5 Lakh Gratuity, Provident Fund etc. as per the policy of the company. RESOLVED FURTHER THAT in the event of loss or inadequacy of profits, the salary payable to him shall be subject to the limits specified in Schedule V. RESOLVED FURTHER THAT the Company Secretary of the company be and is hereby authorized to file necessary forms and returns with the Registrar of Companies in respect of the above appointment."