Draft a resolution seeking members' approval for the acceptance of deposits from members and public, assuming necessary data as may be relevant.

Type of meeting: Shareholder's meeting Type of resolution: Ordinary resolution RESOLVED THAT pursuant to the provisions of Section 73 and 76 of the Act read with the Companies (Acceptance of Deposits) Rules 2014 and other applicable provisions if any, and subject to such conditions, approvals, permissions as may be necessary, consent of the members be and is hereby accorded to the Company to invite/accept/ renew/receive money by way of unsecured/secured deposits from its members and public subject to a maximum limit of an amount aggregating to not more than ₹ [Insert amount, e.g., 10 crore] outstanding at any one point of time or an amount representing [Insert percentage, e.g., 25]% of the paid-up share capital and free reserves as per the latest audited balance sheet whichever is less, in accordance with the provisions of Companies (Acceptance of Deposits) Rules, 2014, framed under section 73 and section 76 of the Companies Act, 2013 on such specific terms and conditions as mentioned in the circular or circular in the form of advertisement to be issued in this regard. RESOLVED FURTHER THAT Mr. Shyam Agarwal, Chairman and Managing Director, be and is hereby authorized to issue the circular or circular in the form of advertisement which has been approved by the Board of Directors of the company at their meeting held on 2 nd May 2019 and which contains the salient features of the deposit scheme of the company and other relevant particulars as prescribed by the Act and Rules. RESOLVED FURTHER THAT Mr. Shyam Agarwal, Chairman and Managing Director, be and is hereby authorized to have the circular or circular in the form of advertisement which has been duly signed by the majority of the Directors filed with the Registrar of Companies, Chennai, pursuant to the Rules and to publish the same in English language in The Hindu (Chennai Edition) and in Tamil language in Dinamalar (Chennai Edition). RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board of Directors be and is hereby authorized to do such acts, deeds, matters and things as Board of Directors may in its absolute discretion consider necessary, proper, expedient, desirable or appropriate for such invitation/acceptance/renewal/receipts as aforesaid and matters incidental thereto.