INCREASE OF MANAGERIAL REMUNERATION





"RESOLVED THAT pursuant to section 268, 269, 310 and other applicable provision of the Companies Act, 1956, approval be and is hereby given for increase in remuneration of Mr. _______________ Managing Director of the Company as per the revised terms and conditions set out in the letter dated the ____________, 200___ and approved by the Board of Directors in their meeting held on _____________."