Audit Committee and Board resolutions, royalty agreement with the foreign parent

Certified true copies of resolutions of [Company]

A. Audit Committee — meeting held on [Date of the Audit Committee meeting]

"RESOLVED THAT pursuant to section 177(4)(iv) of the Companies Act, 2013 [and Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015], the Audit Committee hereby approves the entering into of a [Technology Licence and Trademark Agreement] with [Parent], [country], a related party being the holding company, for a period of [Term of the agreement (years)] years from [Start date of the agreement], at a royalty of [__]% of Net Sales as defined in the agreement, the estimated value for the financial year [2026-27] being Rs [Estimated value of the transaction (Rs)], having considered (a) the transfer pricing benchmarking report of [Author of the transfer pricing benchmarking report] dated [Date of the transfer pricing report] indicating an arm's length range of [__% to __%]; (b) the benefits to the Company described in the note placed before the Committee; and (c) that the transaction is in the ordinary course of the Company's business."