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manner which is not disadvantageous to the shareholders and may deem fit at its absolute discretion, to make such other
the Company. applications to concerned statutory or regulatory authorities
RESOLVED FURTHER THAT the approval of the members is as may be required in relation to the issue of Securities and to
hereby accorded to the Board to appoint merchant bankers, agree to such conditions or modifications that may be imposed
underwriters, depositories, custodians, registrars, trustees, by any relevant authority or that may otherwise be deemed fit
bankers, lawyers, advisors and all such agencies as may be or proper by the Board and to do all acts, deeds, matters and
involved or concerned in the issue and to remunerate them things in connection therewith and incidental thereto as the
by way of commission, brokerage, fees or the like (including Board in its absolute discretion deems fit and to settle any
reimbursement of their actual expenses) and also to enter into questions, difficulties or doubts that may arise in relation to
and execute all such arrangements, contracts/ agreements, the any of the aforesaid or otherwise in relation to the issue of
memorandum, documents, etc., with such agencies, to Securities.
seek the listing of Securities on one or more recognized RESOLVED FURTHER THAT the Board be and is hereby
stock exchange(s), to affix common seal of the Company on authorised to delegate (to the extent permitted by law) all
any arrangements, contracts/ agreements, memorandum, or any of the powers herein conferred to any officer of the
documents, etc. as may be required. Company.”
RESOLVED FURTHER THAT for the purpose of giving effect 4. To consider and if thought fit, to pass with or without
to the above, the Board in consultation with the merchant modifications, the following resolution as an Ordinary
banker(s), advisors and/or other intermediaries as may be Resolution:
appointed by the Company in relation to the issue of Securities, “RESOLVED THAT pursuant to the provisions of Section 148(3)
be and is hereby authorised on behalf of the Company to take and other applicable provisions, if any, of the Companies Act,
all actions and do all such acts, deeds, matters and things as 2013 and The Companies (Audit and Auditors) Rules, 2014
it may, in its absolute discretion, deem necessary, desirable or (including any statutory modification(s) or re-enactment(s)
expedient for the issue and allotment of Securities and listing thereof, for the time being in force), the remuneration payable
thereof with the stock exchanges or otherwise as may be for the financial year 2019-20 to M/s. Harshad S. Deshpande,
required in relation to the issue and to resolve and settle all Cost Accountants having Membership No. 25054 appointed by
questions and difficulties that may arise in the issue, offer and the Board of Directors of the Company to conduct the audit of
allotment of Securities, including finalization of the number the cost records of the Company for the financial year 2019-
of Securities to be issued in each tranche thereof, form, terms 20, amounting to Rs.70,000/- (Rupees Seventy Thousand only)
and timing of the issue of Securities including for each tranche and also the payment of Goods and Service Tax and other
of such issue of Securities, identification of the investors to taxes/cess as applicable and re-imbursement of out of pocket
whom Securities are to be offered, utilization of the proceeds expenses incurred by them in connection with the aforesaid
and other related, incidental or ancillary matters as the Board audit be and is hereby ratified and confirmed.”

By Order of the Board
For Kolte-Patil Developers Limited

Vinod Patil
Place: Pune Company Secretary
Date: 23 June 2020 (Membership No. A13258)

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