Board resolution, conversion of compulsorily convertible debentures and allotment of equity shares

Certified true copy of the resolutions passed at the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the conversion board meeting]

CONVERSION OF COMPULSORILY CONVERTIBLE DEBENTURES INTO EQUITY SHARES

The Chairman informed the Board that [Number of debentures being converted] [rate]% compulsorily convertible debentures of Rs [Face value per debenture (Rs)] each, allotted on [Date the debentures were allotted] to [name of holder], have become liable to conversion on the occurrence of [the conversion event / the expiry of the conversion period] on [Date of conversion] in terms of the special resolution passed by the Members at the extraordinary general meeting held on [Date of the general meeting approving the issue] and the debenture subscription agreement dated [Date of the debenture subscription agreement]. He placed before the Board the conversion notice dated [Date of the holder's conversion notice] received from the holder and confirmed that the authorised share capital of the Company is sufficient for the allotment of the equity shares arising on conversion.