Board resolution, giving a guarantee involving a non-resident party

Certified true copy of the resolution passed at the meeting of the Board of Directors of [Company] held on [Date of Board meeting] at [place / through video conferencing]

CORPORATE GUARANTEE IN FAVOUR OF [CREDITOR]

"RESOLVED THAT pursuant to sections 179(3)(f) and 186 and other applicable provisions of the Companies Act, 2013 and the rules made thereunder, the Foreign Exchange Management Act, 1999 and the Foreign Exchange Management (Guarantees) Regulations, 2026 (Notification No. FEMA 8(R)/2026-RB dated 06.01.2026), and with the consent of all the Directors present at the meeting, the consent of the Board be and is hereby accorded to the Company giving a [corporate guarantee / counter-guarantee] in favour of [name of creditor], [country] ("the Creditor"), for the due discharge of the obligations of [name of principal debtor] ("the Principal Debtor") under [describe underlying agreement, date], for an amount not exceeding [currency and amount] together with interest, costs and charges, capped at Rs [Cap on the guarantee (Rs crore)] crore, valid up to [Guarantee valid up to], on the terms of the draft placed before the Board;