Extracts Format of the Minutes of the
Meeting (MOM) of the Board of Directors with Resolution
STABNET SUGAR REFINERY
LIMITED
“APJ HOUSE” 16TH FLOOR, 15 PARK STREET, KOLKATA-700 001
“Extracts of the minutes of the meeting of the Board of Directors of Stabnet Sugar Refinery Limited held at APJ House , 15 Park Street , 16th Floor , Kolkata - 700001
Dated
22/02/2026
Resolved
1.
That an Current account in the name of STABNET Sugar
Refinery Limited already exist in Kotak Mahindra Bank Limited at 55, Rajendra
Nagar Market, New Delhi – 110060, account no. 01792000001234. It is hereby
resolved that Mr. Amit Jain (Director), Mr. Narendra Kumar Modi (Director)
& Mr. Satish Joshi (Director), any two jointly are authorized to do and
sign the necessary forms and documents therefore.
2.
And that the Bank be instructed to honour all cheques,
promissory notes, and other instruments drawn by and all bills accepted on
behalf of the Company whether such account be in credit or overdrawn, and to
accept and credit to the account of the Company all monies deposited with or
owing by Bank on any account or accounts
at any time or times, kept or to be kept in the name of the Company and the
amount of all cheques, notes, bills, other negotiable instruments, orders or
receipt provided they are endorsed/signed/issued by Mr. Amit Jain (Director) , Mr. Narendra Kumar
Modi (Director) & Mr. Satish Joshi (Director) of the Company for the time
being jointly any two on behalf of the Company and such signatures shall be
sufficient authority to bind the Company in all transactions between Bank and
the Company including those specifically rendered to herein. Kotak Mahindra
Bank is authorized to accept and /or act upon the instructions issued by the
said and Mr. Amit Jain (Director) , Mr.
Narendra Kumar Modi (Director) & Mr. Satish Joshi (Director) jointly any two on behalf of the Company.
3.
And that the Company hereby authorizes Mr. Amit Jain
(Director) , Mr. Narendra Kumar Modi (Director) & Mr. Satish Joshi
(Director) to operate and close the said account and also to place Term
Deposits in the name of the company for any tenure and to prematurely withdraw
the said Term Deposits.
4.
And that the Company avails of the Net Banking , Phone
Banking , Debit Card, Payment Gateway and any transactions services in Mutual
Funds offered by Kotak Mahindra Bank. That the Company has read the terms and
conditions applicable to these services and accepts the same.
5.
And that the Company hereby authorizes Mr. Amit Jain
(Director) , Mr. Narendra Kumar Modi (Director) & Mr. Satish Joshi
(Director) to avail of the Net Banking , Phone Banking , Debit Card, Payment
Gateway and any transactions services in Mutual Funds offered by the Bank as
outlined in the form prescribed by the Bank.
6.
And that the Company undertakes to inform the Bank 15
days in advance in case any of its authorised signatory's Net Banking , Phone
Banking , Debit Card, Payment Gateway access and any transaction services in
Mutual Funds need to be revoked. The Company will not hold the Bank responsible
if it does not comply with the aforesaid term.
7.
That the Company hereby authorizes the Bank to
mail/courier the Debit Card and other enabling access such as PIN, password,
etc. to the attention of the person(s) authorized as above at the mailing
address recorded with the Bank.
8.
And that the Company do accept the terms and
conditions applicable to such Account and services relation thereto and shall
always be bound by and abide with them and their amendments from time to time.
9.
And that the aforesaid terms and conditions be and is
/ are hereby approved and accepted and the said and Mr. Amit Jain (Director) ,
Mr. Narendra Kumar Modi (Director) & Mr. Satish Joshi (Director) jointly
any two are authorized to accept such modifications therein as any be suggested
by the Bank.
10.
And that a copy of any resolution of the Board if
purporting to be certified as correct by any director of the Company or by the
Secretary of the Company shall, as between the Bank and the Company, be
conclusive evidence of the passing of the resolution so certified.
11.
And that this resolution be communicated to the Bank
and shall remain in force until given in writing of its withdrawal, or
cancellation is given to the Bank by the Company. Certified that the above is a
correct copy of the resolution passed on by the Board of Directors and that it
has been entered in the usual course of business in the minutes book of the
Company and signed therein by the Chairman of the meeting / Company and is in
accordance with the Memorandum and Articles of Association of the Company.
Chairman
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