Extract of the Resolution passed at the meeting of the Committee of Directors of Keystone

Infra Private Limited held on 21-09-2020 of the Board Room at H.No.8-2-338/6, Road No.3,
Panchavati Colony, Banjara Hills, Hyderabad-500034.

Appointment of Mr. Srinivas, Whole time Sr. General Manager as Occupier Kohima-Jessami
Road Project

“Resolved that in terms of the powers delegated to the Committee of Directors by the Board
of Directors of the company at its Meeting dated 08-04-2020 Mr. Srinivas, Whole time Sr.
General Manager of the company be and is hereby appointed and declared as “Occupier” in
accordance with Rule 2 (37) of Explosives Rules 2008 in respect at the Project for
“Construction of two lane with hard shoulder of Kohima-Jessami Road on NH-29 (Old NH-150)
FROM EXISTING KM 76.320 (near Mesulumi Village) to existing km 98.380 (near Chizami
Village) [Design Length – 21.50 Km] in the state of Nagaland Under Bharatmala Pariyojana on
EPC Mode (Package IV)”

“Resolved further that Mr D Srinivas, Whole time Sr. General Manager be and is hereby
authorized to make sign the application (including any amendment to the application) and
other related documents for obtaining approval & grant of Explosive Magazine License and
Explosive Van License and other Licenses as the case may be and to carry on all the relevant
activities and responsibilities related to the above mentioned application as Occupier and to
do all incidental and ancillary acts, deeds and things as may be deemed necessary from to
time in connection with the Project awarded to the company as herein above stated.”

“Resolved further that Mr S Ramakrishna, above resolution duly signed by any one of them
be sent to the appropriate Government Explosives Authority for their record and necessary
actions”

//CERTIFIED TO BE TRUE//
For Keystone Infra Private Limited

D.M Ramesh
Managing Director
Extract of the minutes of the meeting of the Board of Directors of the Keystone Infra Private
Limited held on 21-09-2020

Delegation of Powers

Resolve that in supersession to the resolutions passed earlier, the Committee of Directors,
constituted by Board of Directions shall meet from time to time to do all the acts, deeds,
matters and things as may be necessary in connection with the following matters:

1. To borrow (excluding unsecured short term loans) such amounts as may be required
from time to time for the purposed of the business of the company up to ceiling at Rs.
9,000 crores at any point of time and to create charge/ mortgage/ hypothecate on the
company’s assets, both secure the repayment of monies borrowed by the Company.
2. To borrow unsecured short terms loans from time to time up to a ceiling of Rs. 500
crores at any point of time.
3. To give any loan to any person or other body corporate give any guarantee or provide
security in connection with loan to anybody corporate of person and acquire by way
at subscription, purchase or otherwise the securities of any other body Corporate.
4. Operating Banking Accounts in the name of the Company/ Joint Venture(s) where
Company is one of the Partners.
5. Closing Banking Accounts of the Company/ Joint Venture(s).
6. Addition/Substitution/ withdrawal of the signatories to the Bank Accounts of the
Company/ Joint Venture(s).
7. Opening of Demat Accounts in the name of the Company and the Closure thereof.
8. Substitution/ Withdrawal of the Signatories to the Demat Accounts of the Company.
9. Purchase of / Acquisition on lease vehicles to meet the conveyance requirements at
employees.
10. Negotiating and acquiring on Lease/ Leave & License commercial / residential
premises to cater to the Company’s need from time to time.
11. Engagement of Consultants from time to time for various purposes.
12. Authorize suitable persons from time to time represent the Company before various
Statutory Authorities including Arbitration /Legal Proceedings and to execute
necessary documents for the same.
13. To alter the signatories authorized for various operational purposes on a need basis
(normally for reasons such as new joinees, resignations, deputations etc. or any other
reasons).
14. To grant permission and authorize incorporation of subsidiaries / associates/
formation of Joint Ventures.
15. To approve closure of subsidiary(ies) & matter incidental thereto.
16. To approve contribution to bona fide Charitable and other funds subject to limit
specified under Companies Act 2013 as amended from time to time.
17. To issue Power of Attorney as and when required in the interest of the Company.
18. To cancel Power of Attorney as and when required in the interest of the company.
19. Authorize suitable persons to represent the Company before various Judicial and
quasi-judicial bodies. Courts, Tribunals and do all such acts, deeds, things with respect
to Arbitration / Legal Proceedings filed by or against the Company as the case may be.
20. To execute and renew licenses and registrations as may be applicable to the Company
from time to time.
21. To sign lease agreements for commercial and residential premises.
22. To sign any other Contracts, Agreements, Joint-venture Agreements, Undertakings
and authorize suitable persons from time to time for execution at the same.
23. To sign applications / documents / papers relating to registration / modification /
amendment/ any other requirement under any law for the time being in force or
required by any statutory authority, including but not limited to Provident Fund Act.
State Professional Tax Laws. Income Tax Act. Service Tax regulations, Sales Tax etc.
24. To approve the identified non-core assets at the Company to sell the identified assets,
to authorize /issue power of attorney in favour of executives authorized
representatives of the Company with respect to sale of the assets including
registration of the sale.
25. To sign general correspondence.
26. Any other matter in the normal course of business that could accrue and cannot be
deferred until the next Board Meeting and is in compliance with the applicable laws.
Resolved further that the Committee of Directors shall meet as and when necessary and
the quorum of the Committee shall be two members or one third of the total strength
whichever is higher.

Resolved further that the minute(s) of the meeting of the Committee of Directors be
placed before the Board of Director at its next meeting.

Resolved further that the Company Secretary of the Company shall act as the Secretary
to the meeting of Committee of Directors.

//Certified True Copy//

D.M Ramesh
Managing Director