Director Expenses

91. The Directors shall be paid all reasonable out of pocket expenses incurred in India (such as domestic
travel, boarding and lodging expenses) by the Company for attending any shareholders’ meetings of the
Company and Board meetings including meetings of the Board committees and any other expenses
incurred in India by the Directors in the course of fulfilling their duties and obligations as Directors of
the Company.

Directors’ Access

92. Directors shall be entitled, during normal business hours of the Company and with prior reasonable
written notice, to examine the books of accounts and records of the Company and to reasonably inspect
the properties and facilities of the Company. The Company shall provide such information relating to the
business affairs and financial position of the Company, as the Directors may reasonably require. The
Investor Directors may provide such information to the respective Investors by whom they have been
nominated.

Powers of Borrowing

93. Subject to Section 179 and Section 180 of the Act, the Board of Directors may from time to time, raise
or borrow any sums of money for and on behalf of the Company from the Shareholders or other Persons,
companies or Banks, or Directors may themselves advance money to the Company on such terms and
conditions as may be approved by the Board.

Issue of Debentures, etc.

94, The Board of Directors, may from time to time, secure the payment of such money in such manner and
upon such terms and conditions in all respects as they think fit, and in particular, by issue of debentures
or bonds of the Company or by a mortgage or charge on all or any part of the property of the Company
and of its uncalled capital for the time being.

Issue of Securities at Discount, Premium, etc.

95. Any debentures, bonds or other securities may be issued at discount, premium or otherwise and on such
terms and conditions as may be decided by the Board of Directors / Shareholders in accordance with
Applicable Law and the provisions of these Articles.

Contracts with Directors

96. Subject to the provisions of the Act and these Articles, the Directors are permitted to enter into contracts,
subject to Applicable Law, with the Company for sale to, or purchase of goods from the Company, or
for availing services from the Company or for rendering services to the Company, provided each contract
is approved by the Board individually.

97. Disclosure of interest in proposed contract

98. Subject to Applicable Law, a Director may attend, take part in the discussions and vote in the meetings
of the Board where a contract in which such Director is interested, is entered into by the Company,
provided that the Director who is interested directly or indirectly in a contract has disclosed his interest
therein before it is entered into.

Board may fill up casual vacancy

99. If the office of any Director appointed by the Company in General Meeting is vacated before his term of
office will expire in the normal course, the resulting casual vacancy may be filled at a meeting of the
Board, which shall be subsequently approved by members in the immediate next general meeting, if
required as per the provisions of the Act. Any persons so appointed shall hold office only to the date upto
which the Director in whose place he is appointed would have held office, if he had not vacated office
as aforesaid.

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