Board resolution, redemption of preference shares and transfer to Capital Redemption Reserve

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

REDEMPTION OF [Number of preference shares redeemed] REDEEMABLE PREFERENCE SHARES

The Chairman informed the Board that [Number of preference shares redeemed] [rate]% redeemable preference shares of Rs [Face value per preference share (Rs)] each, allotted on [Date of allotment of the preference shares], fall due for redemption on [Redemption due date] in terms of the conditions of their issue. He placed before the Board a statement showing that the said shares are fully paid up and that the profits of the Company which would otherwise be available for dividend as at [Date of the statement of available profits] amount to Rs [Profits available for dividend (Rs)], which is sufficient to meet the face value of Rs [Face value payable on redemption (Rs)] payable on redemption, and that the securities premium account of the Company stands at Rs [Securities premium account balance (Rs)], out of which the premium on redemption of Rs [Total premium payable on redemption (Rs)] is proposed to be provided.