sfluryER@Affi (r N DIA) Ll M rrED

Corporate Off. : 102, First FloorAA-14, Scheme No. 54, Vijay Nagar, (Opp.Satya Sai School)A.8. Road,
\DORE 'i*2 010 Ph. :2577040,4023742, Telefax : +91-731-2577040, Gram : SILVER OAK
CIN - 111 531 MP1984P1C002635, Email : silveroak.indore@gmail.com

CERTIFIED TRUE COPY OF RESOLUTION PASSED AT THE BOARD MEETING OF SILVER

OAK (INDIA) LIMITED (CIN: L11531MP1984PLC002635) WHICII WAS HELD ON
WEDNESDAY, 22ND DAY OX' MARCII, 2017, AT 11.00 A.M. AT THE REGISTERED OFFICE OF
THE COMPAI\IY SITUATED AT PLOT NO.llO, SECTOR.I, INDUSTRIAL AREA,
PITIIAMPIIR, DIIAR, M.P. 454775

The Board was informed that a request has to be made to Mantra Investment LLP (LLPIN: AAI-4894)
for an unsecured loan of Rs.2,30,00,000 (Rupees Two Crores Thirty Lacs Only) in one or more tranches,
for meeting the funds requirements of the Company. The Board discussed the matter and passed the
following resolution:

'RESOLYED THAT pursuant to Section 179(3Xd) and other applicable provisions, if any, of the
Companies Act, 2013 and subject to such modification and re-enactment thereof, consent of the Board of
Directors of the Company be and is hereby accorded for obtaining unsecured loan of Rs.2,30,00,000
(Rupees Two Crores Thitty Lacs Only)fromMantra Investment LLP (LLPIN: AAI-4894),in one or
more tranches, and on such other terms and conditions as may be mutually agreed between the both
parties".

"RESOLYED FURTHER THAT Mr. Mukesh Kumar Jhawar (DN: 00527049), Director of the
Company and CS Varun Bhomia, Practicing company secretary, be and are hereby jointly and severally
authorized to do all such acts, deeds and things and to sign all such documents and writings as may be
necessary, expedient and incidental thereto to give effect to this resolution and for matter connected
therewith or incidental thereto."

"RESOLVED FIIRTIIER THAT the aforesaid power entrusted to the said official shall be valid and
effective unless revoked earlier by the Board or shall be exercisable by him so long as he is in the
concerned to the Company."

'6RESOLVED F[}RTIIER THAT all acts, deeds, things, matters, etc. as stated above shall be deemed to
be valid and enforceable only if they are consistent with the instant resolution as may be relevant in this
case and that the Board shall not be responsible for any acts beyond the scope of the above stated powers,
done by Mr. Mukesh Kumar Jhawar and such invalid, illegal actS, and acts done beyond the scope
of powers granted in this resolution shall not bind the Company against any third parties or before any
authorities in any manner and that the Board shall not be answerable in that behalf."

Place: Pithampur For and on

rc'r \v-\
Dated: 22-03-2017
lLt
Leela Kalyani
x( NDoBE \?);
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DIN: 06625369

Regd. Office & Works : 110, Sector-1, lndustrialArea, PITHAMPUR

Distt. DHAR-454 775 (M.P.) Tel. : (07292) 403170
 s[bvrRC)AK (t N DIA) Lr M lrED
Corporate Off. : 102, First FloorAA-14, Scheme No.54, Vijay Nagar, (Opp.Satya SaiSchool)A.B.Road,
INDORE-4S2 010 Ph. :2577040,4A23742, Telefax : +91-731-257704A, Gram : SILVER OAK
CIN - l-11 531 MP1 984PLC002635, Email : silveroak.indore@gmail.com

CERTIFIED TRUE COPY OF' RESOLUTION PASSED AT THE BOARD MEETING OF

SILVER OAK (INDIA) LIMITED (CIN: L11531MP1984PLC002635) WHICH wAS HELD ON
WEDNESDAY,22ND DAY OF MARCrr, 2017, AT 11.00 A.M. AT THE REGTSTERED OFFTCE
oF TIIE COMPANY SITUATED AT PLOT NO.110, SECTOR-I, INDUSTRHL AREA,
PITHAMPUR, DHA& M.P. 45477 5

"RESOLVED THAT pursuant to the provisions of Section 179, Section 186 of the Companies Act,
2013 and Companies (Meetings of Board and its powers) Rules, 2014 and any other applicable provisions
of The Companies Act, 2013 and of any other statutes for the time being in force, and subject to the
approval of the Reserve Bank of India, if any, and other applicable Rules, Regulations, Guidelines
(including any statutory modifications or re-enactnent thereof for the time being in force) and such
conditions as may be prescribed by any of the concerned authorities, the Board of Directors of the
company be and is hereby authorized, to purchase 7,000 (Seven Thousand only) Compulsorily
Convertible Debentures of IWs APT Infrastructure Private Limited, a registered private limited company
having CIN U45400DL2007PTC170319, from I\{/s Delicone Limited, a foreign entity registered in
Cyprus at a contracted price of Rs. 1,50,47,083 (Rupees One Crore Fifty Lakh Forty Seven Thousand
Eighty Three Only).

"RESOLVED FIIRTHER THAT Mr. Mukesh Kumar Jhawar (DIN: 00527049), Director of the
Company and CS Varun Bhomia, Practicing Company Secretary, be and are hereby jointly and severally
authorized to do all such acts, deeds and things and to sign all such documents and writings as may be
necessary, expedient and incidental thereto to give effect to this resolution and for matter connected
therewith or incidental thereto."
*RESOLYED FURTHER TIIAT the aforesaid power entrusted to the said official shall be valid and
effective unless revoked earlier by the Board or shall be exercisable by him so long as he is in the
concerned to the Company."

"RESOLVf,D FURTHER THAT all acts, deeds, things, matters, etc. as stated above shall be deemed to
be valid and enforceable only if they are consistent with the instant resolution as may be relevant in this
case and that the Board shall not be responsible for any acts beyond the scope ofthe above stated powers,
done by Mr. Mukesh Kumar Jhawar and such invalid, illegal acts, and acts done beyond the scope
of powers granted in this resolution shall not bind the Company against any third parties or before any
authorities in any manner and that the Board shall not be answerable in that behalf."

Place: Pithampur For and on behal

Dated: 22-03-2017
-l-tt p*qB i( ;;
i( "**"
Leela Kalyani
DIN: 06625369
r)$
N/) utoorr

Regd. Office & Works : 110, Sector-1, lndustrialArea, PITHAMPUR

Distt. DHAR-454 775 (M.P.) Tel. : (07292) 4ffi17A
 SILVER)AK (tNDrA) LtMrrED
CorBorate Off. : 102, First FloorAA-14, Scheme No. 54, Vijay Nagar, (Opp. Satya Sai School) A.B. Road,
INDORE-4SZ 010 Ph. ; 257704Q,4A23742, Telefax '" +91-731-257704A, Gram : SILVER QAK
CIN - 111 531 MP1984P1C002635, Email ; silveroak.indore@gmail"corn

CERTIFIED TRUE COPY OF RESOLUTION PASSED AT THE BOARD MEETING OF

SILVER OAK (INDIA) LIMITED (CIN: L11531MP1984PLC002635) WHICH WAS IIELD ON
WEDNESDAY, 22ND DAY oF MARCH, 2017, AT u.00 A.M. AT TrrE REGTSTERED oFFrcE
oF TrrE coMPAI\rY srruATED AT PLor No.110, sECToR-r, I\DUSTRTAL AREA,
PITHAMPUR, DIIAR, M.P. 454775

"RESOL\rED TIIAT pursuant to the provisions of Section 179, Section 186 of the Companies Act,
2013 and Companies (Meetings of Board and its powers) Rules, 2014 and,any other applicable provisions
of The Companies Act, 2013 and of any other statutes for the time being in force, and subjict to the
approval of the Reserve Bank of India, if any, and other applicable Rules, Regulations, buidelines
(including any statutory modifications or re-enactment thereof for the time bein! in force) and such
conditions as may be prescribed by any of the concerned authorities, the Board- of Directors of the
company be and is hereby authorized, to purchase 6,00,000 (Six Lakh Only) Equity Shares of \zlls ApT
Infrastructure Private Limited, a registered private limited -' having CIN
U45400DL2007PTC170319, from M/s Delicone Limited, a foreign entity "o*pury regiitered in Cyp-rus at a
conkacted price of Rs. 60,00,000 (Rupees Sixty Lakh Only).

(RESOLVED FIIRTIIER
THAT Mr. Mukesh Kumar Jhawar (DIN: 00527049), Director of the
Company and CS Varun Bhomia, Practicing Company Secretary, be and are hereby jointly and severally
authorized to do all such acts, deeds and things and to sign all such documents and writings as may be
necessary, expedient and incidental thereto to give effect to this resolution and for matter connected
therewith or incidental thereto."

'RESOLVED F'IIRTHER TIIAT the aforesaid power entrusted to the said official shall be valid and
effective unless revoked earlier by the Board or shall be exercisable by him so long as he is in the
concerned to the Company."

*RESOLYBD FURTHER THAT all acts,

deeds, things, maffers, etc. as stated above shall be deemed to
be valid and enforceable only if they are consistent with the instant resolution as may be relevant in this
case and that the Board shall not be responsible for any acts beyond the scope ofthe above stated powers,
done by Mr. Mukesh Kumar Jhawar and such invalid, illegal acts, and acts done beyond the scope
of powers granted in this resolution shall not bind the Company against any third parties or before any
authorities in any manner and that the Board shall not be answerable in that behalf."

Place: Pithampur For and on be

Dated: 22-03-2017
-l-Et f
Leela Kalyani\
DIN:06625369 DIN:00070935

Regd. Office & Works: 110, Sector-1, lndustrialArea, PITHAMPUR

Distt. DHAR-454 775 (M.P,) Tel. : (07292) 4AY7A