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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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